Category: Economy

  • MIL-OSI: Agillic releases Q3 2024 financial report with 8% decrease in ARR from Subscriptions YoY, EBITDA of DKK 1.8 million and DKK 6.7 million in cash flow from operations

    Source: GlobeNewswire (MIL-OSI)

    Announcement no. 07 2024

    Copenhagen – 22 October 2024 – Agillic A/S

    ARR from subscriptions YTD decreased 8% primarily due to clients’ technology consolidations in Q1 2024. ARR from subscriptions increased modestly by 2% in Q3 2024 vs. Q2 2024. Agillic maintains its 2024 guidance due to expected growth from both existing clients and new sales in Q4 2024. Cash flow from operations was DKK 6.7 million in Q3 2024, an increase of DKK 12.6 million YoY.

    Key financial and SaaS highlights
    (DKK million)

    Income statement YTD 2024 YTD 2023 Change Q3 2024 Q3 2023 Change  
    Revenue Subscriptions 37.0 40.2 -8% 12.1 13.6 -11%  
    Revenue Transactions 7.4 9.1 -19% 2.7 3.0 -10%  
    Other revenue 0.0 0.0 n/a 0.0 0.0 n/a  
    Total revenue 44.4 49.3 -10% 14.8 16.6 -11%  
    Gross profit  36.1 39.6 -9% 11.7 13.4 -13%  
    Gross margin 81% 80% 79% 81%  
    Other operating income 0.6 0.5 20% 0.2 0.2 0%  
    Employee costs -23.7 -26.0 9% -7.1 -7.9 10%  
    Operational costs -11.2 -10.6 -6% -3.6 -3.2 -13%  
    EBITDA 1.8 3.5 -49% 1.2 2.5 -52%  
    Net profit 1.2 -5.1 n/a -2.4 -0.4 -500%  
                   
    Financial position              
    Cash 3.7 11.5 -68% 3.7 11.5 -68%  
                 
    ARR development            
    ARR Subscriptions 52.5 56.8 -8% 52.5 56.8 -8%
    ARR Transactions 10.6 12.1 -12% 10.6 12.1 -12%
    Total ARR 63.1 68.9 -8% 63.1 68.9 -8%
    Change in ARR -5.8 2.5 1.4 2.5
    Change in ARR % -8% 4% 2% 4%

    Reclassification between other operating income, employee costs, and operational costs is updated in 2023 figures.

    ARR
    ARR from subscriptions decreased 8% YoY which was related to clients’ business and technology consolidation and in line with our expectations. ARR from transactions decreased 12% YoY as a consequence of lower volumes due to geopolitical factors. The decline in ARR mainly happened in Q1 2024, while ARR increased modestly in Q3, and we expect both ARR from subscriptions and ARR from transactions to increase further in Q4 2024.

    Revenue
    Total Revenue decreased 10% YoY related to the decrease in ARR. Total Revenue is expected to increase in Q4 2024.

    EBITDA
    EBITDA YTD was negatively impacted by the decrease in revenue and by an increase in operational costs related to a one-time cost of DKK 1.0 million for consultancy services. However, with an increase in the gross margin from 80% to 81% YTD, and a decrease in employee costs, we delivered a positive EBITDA in Q3 2024 YTD of DKK 1.8 million.

    Cash
    At the end of Q3, at the cash position was DKK 3.7 million in line with expectations. This was primarily a result of an increase in cashflow from operations to DKK 6.7 million (Q3 2023: DKK -5.9 million).

    Financial guidance 2024 (unchanged)

    Revenue DKK million 62 to 66
    EBITDA 0 to 2
    ARR Subscriptions 56 to 60
    ARR Transactions 10 to 14
    Total ARR 66 to 74

    For further information, please contact:
    Emre Gürsoy, CEO
    +45 30 78 42 00
    emre.gursoy@agillic.com

    Claus Boysen, CFO
    +45 28 49 18 46
    claus.boysen@agillic.com

    Certified Adviser
    John Norden, Norden CEF A/S

    Disclaimer
    The forward-looking statements regarding Agillic’s future financial situation involve factors of uncertainty and risk, which could cause actual developments to deviate from the expectations indicated. Statements regarding the future are subject to risks and uncertainties that may result in considerable deviations from the presented outlook. Furthermore, some of these expectations are based on assumptions regarding future events, which may prove incorrect. Please also refer to the overview of risk factors in the ‘risk management’ section of the annual report.

    About Agillic A/S
    Agillic is a Danish software company offering brands a platform through which they can work with data-driven insights and content to create. automate and send personalised communication to millions. Agillic is headquartered in Copenhagen, Denmark, with teams in Germany, Norway, and Romania.
    For further information, please visit http://www.agillic.com  

    Appendix: Financial development per quarter

     DKK million   2024   2023   2022
                                     
    INCOME STATEMENT   Q3 Q2 Q1   FY Q4 Q3 Q2 Q1   FY Q4 Q3 Q2 Q1
    Revenue Subscriptions   12.1 12.3 12.6   52.4 12.2 13.6 13.5 13.1   49.9 13.5 13.1 12.2 11.1
    Revenue Transactions   2.7 2.5 2.2   12.0 2.9 3.0 2.9 3.2   16.7 6.0 4.8 3.3 2.6
    Other revenue   0.0 0.0 0.0   0.3 0.3 0.0 0.0 0.0   0.4 0.0 0.0 0.1 0.3
    Total revenue   14.8 14.8 14.8   64.7 15.4 16.6 16.4 16.3   67.0 19.5 17.9 15.6 14.0
    Gross profit    11.7 12.1 12.3   52.2 12.6 13.4 13.2 13.0   49.6 15.5 11.4 11.7 11.0
    Gross margin   79% 82% 83%   81% 82% 81% 80% 80%   74% 80% 63% 75% 78%
    Other operating income   0.2 0.2 0.2   0.6 0.1 0.2 0.2 0.1   0.3 0.3 0.0 0.0 0.0
    Employee costs   -7.1 -8.0 -8.6   -36.8 -10.8 -7.9 -9.4 -8.7   -32.5 -9.2 -7.3 -8.0 -8.0
    Operational costs   -3.6 -4.3 -3.3   -14.1 -3.5 -3.2 -3.0 -4.4   -16.3 -5.1 -2.7 -3.7 -4.8
    EBITDA   1.2 0.0 0.6   1.9 -1.6 2.5 1.0 0.0   1.1 1.5 1.4 0.0 -1.8
    Net profit   -2.4 7.0 -3.4   -27.5 -22.4 -0.4 -1.8 -2.9   -10.6 -2.0 -1.2 -2.7 -4.7
     

    BALANCE SHEET

                   
    Cash   3.7 4.4 7.2   9.8 9.8 11.5 18.3 26.9   7.4 7.4 1.8 12.6 7.5
    Total assets   42.8 45.8 51.5   47.1 47.1 64.9 69.0 75.8   52.8 52.8 54.0 58.7 55.4
    Equity   -17.8 -16.0 -23.6   -20.2 -20.2 1.5 1.8 3.4   -15.0 -15.0 -13.2 -12.0 -9.6
    Borrowings   19.1 21.4 24.3   23.7 23.7 23.0 24.2 25.7   24.3 24.3 23.7 26.1 26.4
    CASH FLOW                
    Cash flow from operations   4.1 2.6 0.0   -6.5 -0.6 -2.8 -4.3 1.2   3.1 7.3 -4.9 9.0 -8.3
    Cash flow from investments   -2.6 -2.7 -3.0   -11.7 -2.1 -3.1 -3.2 -3.3   -13.5 -3.3 -3.3 -3.7 -3.2
    Cash flow from financing   -2.2 -2.7 0.4   20.6 1.0 -0.9 -1.1 21.6   -2.8 1.6 -2.5 -0.2 -1.6
    Net cash flow   -0.7 -2.8 -2.6   2.4 -1.7 -6.8 -8.6 19.5   -13.2 5.6 -10.8 5.1 -13.1
    EMPLOYEES & CLIENTS                
    Employees end of period   40 39 41   50 50 50 50 46   48 48 47 51 47
    Clients end of period   114 113 116   122 122 120 120 118   118 118 111 108 105
     

    ARR & SAAS METRICS

                   
    ARR Subscriptions   52.5 51.7 52.2   57.8 57.8 56.8 54.9 54.2   54.1 54.1 50.3 49.6 48.5
    ARR Transactions   10.6 10.0 8.9   12.3 12.3 12.1 11.5 17.3   22.6 22.6 19.6 14.6 10.3
    Total ARR   63.1 61.7 61.1   70.1 70.1 68.9 66.4 72   76.7 76.7 69.9 64.2 58.8
    Change in ARR (DKK)   1.4 0.6 -9.0   -6.6 1.2 2.5 -5.1 -5.2   21.0 6.8 5.7 5.4 3.1
    Change in ARR %   2% 1% -13%   -9% 2% 4% -7% -7%   38% 10% 9% 9% 6%
    Average ARR   0.6 0.5 0.5   0.6 0.6 0.6 0.6 0.6   0.6 0.6 0.6 0.6 0.6
    Yearly CAC     0.2  –   0.1
    Months to recover CAC     6   3

    Definitions

    • Cash is defined as available funds less bank overdraft withdrawals.
    • ARR: the annualised value of subscription agreements and transactions at the end of the actual reporting period.
    • Average ARR: the average Total ARR per client.
    • Customer Acquisition Costs (CAC): the sales and marketing cost (inclusive salaries, commissions, direct and share of costs of office) divided by the number of new clients. CAC is calculated end of year.
    • Months to recover CAC: the period in months it takes to generate sufficient gross profit from a client to cover the acquisition cost.

    Published on 22 October 2024

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  • MIL-OSI China: Taipei Economic and Cultural Center in Mumbai officially inaugurated, elevating substantive relations between Taiwan and India

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    Taipei Economic and Cultural Center in Mumbai officially inaugurated, elevating substantive relations between Taiwan and India

    • Date:2024-10-17
    • Data Source:Department of East Asian and Pacific Affairs

    October 17, 2024 

    No. 356 

    A reception marking the inauguration of the Taipei Economic and Cultural Center (TECC) in Mumbai and celebrating the National Day was held on the evening of October 16. The event was cohosted by Ambassador Baushuan Ger, Representative of the TECC in India, and Director General Chang Chun-yu of the TECC in Mumbai. More than 100 guests attended and expressed congratulations, including former Indian parliamentarian Sujeet Kumar, representatives of various sectors, and members of the local consular corps.

     

    Minister of Foreign Affairs Lin Chia-lung delivered a prerecorded address, noting that bilateral relations had seen remarkable growth since Taiwan and India established representative offices in each other’s countries in 1995. He pointed out that the inauguration of the TECC in Mumbai reflected the successful alignment of Taiwan’s New Southbound Policy and India’s Act East Policy. He also expressed the hope that the two countries would further deepen cooperation in such areas as the economy, trade, investment, technology, culture, and education.

     

    The TECC in Mumbai is the third Taiwan overseas mission to be established in India. It will serve as a bridge between Taiwan and western India and provide visa, document certification, emergency assistance, and other services to business and leisure travelers for the states of Maharashtra, Gujarat, Madhya Pradesh, and Goa, as well as the union territory of Dadra and Nagar Haveli and Daman and Diu. It will coordinate closely with the TECC in India and the TECC in Chennai to foster mutually beneficial bilateral relations and shared prosperity with India. (E) 

     

    TECC in Mumbai contact information: 

    Address: 401, Platina Building, G-Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra, 400051, India

    Telephone: +91-22-48943005 / +91-22-48943006

    Emergency hotline: +91-8850842243

    Email: bom@mofa.gov.tw

    MIL OSI China News

  • MIL-OSI Asia-Pac: Taipei Economic and Cultural Center in Mumbai officially inaugurated, elevating substantive relations between Taiwan and India

    Source: Republic of China Taiwan 3

    Taipei Economic and Cultural Center in Mumbai officially inaugurated, elevating substantive relations between Taiwan and India

    Date:2024-10-17
    Data Source:Department of East Asian and Pacific Affairs

    October 17, 2024 
    No. 356 

    A reception marking the inauguration of the Taipei Economic and Cultural Center (TECC) in Mumbai and celebrating the National Day was held on the evening of October 16. The event was cohosted by Ambassador Baushuan Ger, Representative of the TECC in India, and Director General Chang Chun-yu of the TECC in Mumbai. More than 100 guests attended and expressed congratulations, including former Indian parliamentarian Sujeet Kumar, representatives of various sectors, and members of the local consular corps.
     
    Minister of Foreign Affairs Lin Chia-lung delivered a prerecorded address, noting that bilateral relations had seen remarkable growth since Taiwan and India established representative offices in each other’s countries in 1995. He pointed out that the inauguration of the TECC in Mumbai reflected the successful alignment of Taiwan’s New Southbound Policy and India’s Act East Policy. He also expressed the hope that the two countries would further deepen cooperation in such areas as the economy, trade, investment, technology, culture, and education.
     
    The TECC in Mumbai is the third Taiwan overseas mission to be established in India. It will serve as a bridge between Taiwan and western India and provide visa, document certification, emergency assistance, and other services to business and leisure travelers for the states of Maharashtra, Gujarat, Madhya Pradesh, and Goa, as well as the union territory of Dadra and Nagar Haveli and Daman and Diu. It will coordinate closely with the TECC in India and the TECC in Chennai to foster mutually beneficial bilateral relations and shared prosperity with India. (E) 
     
    TECC in Mumbai contact information: 
    Address: 401, Platina Building, G-Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra, 400051, India
    Telephone: +91-22-48943005 / +91-22-48943006
    Emergency hotline: +91-8850842243
    Email: bom@mofa.gov.tw

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: SFST’s speech at MaGESpire Game On! 2024 (English only)

    Source: Hong Kong Government special administrative region

         Following is the speech by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, at MaGESpire Game On! 2024 today (October 22):

    Distinguished guests, ladies and gentlemen,

         I am honoured to join you today at MaGESpire Game On! 2024. This event unites innovators, technology enthusiasts, and industry leaders to explore the evolving landscape of technology and its role in shaping our modern economy. Together, we will examine the synergies between the financial services, technology, and virtual asset sectors as we forge our future. As many of you, the pioneers of Web3, know, Hong Kong is rapidly establishing itself as a global hub for virtual assets. We can encapsulate this progress with our “web” of three focuses: a warehouse of talent and investment, the evolution of money and technology, and a breakthrough to establish a new fintech innovation ecosystem.

    Warehouse of talent and investment

         In recent years, the Web3 industry has emerged as a transformative force in the global economy, reshaping the financial services landscape and creating new opportunities. I am proud to say that Hong Kong has become a magnet for talent and investment, with over 220 Web3 companies from more than 20 countries setting up operations in our vibrant city. These include key players in virtual asset exchanges, blockchain infrastructure, network security, and payment sectors. This influx of innovation underscores the supportive environment we are cultivating.

         With the rise of virtual assets, the intersection of innovative technology and financial services presents unique opportunities for economic growth. In October 2022, we issued a Policy Statement on the Development of Virtual Assets in Hong Kong, outlining our vision and policy direction. We recognise that innovation must thrive within a robust regulatory framework that ensures the security and stability of our financial ecosystem. In 2023, we introduced a licensing regime for virtual asset service providers, granting them the credibility needed to access a broader base of investors in Hong Kong. Currently, we have three licensed providers and 11 applicants in the pipeline, reinforcing our commitment to a well-regulated market.

         Looking ahead, we plan to amend regulations further, including bringing over-the-counter trading of virtual assets and virtual asset custodian service providers under our regulatory purview. We are also establishing a regulatory regime for stablecoin issuers, and the Hong Kong Monetary Authority (HKMA) has launched a sandbox for institutions to test their operational plans. These initiatives ensure that our regulatory framework remains comprehensive and responsive to the fast-changing landscape of the virtual assets sector.

         A landmark achievement for Hong Kong was the launch of the first spot Bitcoin and Ether exchange-traded funds (ETFs) in Asia this past April, positioning us to capture the benefits of these underlying technologies. The listing of virtual asset spot ETFs represents a significant milestone in Hong Kong’s ETF market development, driving innovation and economic growth for all.

    Evolution of money and technology

         The Government acknowledges the critical importance of advancements in digital money. A recent market study revealed that around 90 per cent of the world’s central banks and 134 countries are currently exploring central bank digital currencies (CBDCs). A particularly exciting development in our fintech landscape is the progression of CBDCs. In March of this year, the HKMA announced Project Ensemble, an initiative focusing on a wholesale central bank digital currency (wCBDC) to support the tokenisation market in Hong Kong. We remain committed to developing innovative financial market infrastructures that enable interbank settlements of tokenised money through wCBDC.

         In recent months, we have made substantial strides in cultivating a vibrant ecosystem for fintech innovation. Our multi-pronged approach includes expanding the cross-boundary e-CNY pilot programme to provide safe and convenient retail payment solutions for residents in both regions, as well as commencing Phase 2 of the e-HKD Pilot Programme to explore innovative use cases for new forms of digital currency, including e-HKD and tokenised deposits. These initiatives reflect our dedication to enhancing financial connectivity and driving technological advancement in Hong Kong.

    Breakthrough to establish a new fintech innovation ecosystem

         Across various industries, we are witnessing a significant uptick in the adoption of artificial intelligence (AI) in business operations. Companies are increasingly leveraging AI across multiple facets of their operations. A market report indicates that many regions are making significant progress in adopting Generative Artificial Intelligence (GenAI).

         The development of AI has become a major global trend. As an international financial centre with a robust capital market, Hong Kong attracts the world’s top financial institutions and talent, providing professional financial services that capitalise on this exciting opportunity. According to the latest Global Financial Centres Index, Hong Kong ranks ninth in fintech offerings, placing us among the top 10 fintech hubs globally. This year, we launched the GenAI Sandbox in August, empowering banks to pilot innovative GenAI use cases within a risk-managed framework, supported by essential technical assistance and targeted supervisory feedback. As announced last week in the 2024 Policy Address, we will issue a policy statement outlining our policy stance to the application of AI in financial markets, as well as promoting real-world asset tokenisation and developing a digital money ecosystem.

         In closing, I want to emphasise that the future of the fintech sector is bright, presenting tremendous opportunities. For example, the tokenised asset market is projected to reach US$30 trillion by 2034. As we gather here today, I urge all of you – our Web3 investors – to collaborate and share ideas. You are the architects of a future filled with limitless possibilities. Together, we can explore the potential of the Web3 market and develop innovative business models.

         As we embark on this exciting journey, our collaborative efforts will undoubtedly create a thriving virtual asset ecosystem and contribute to Hong Kong’s financial innovation. I look forward to witnessing the remarkable ideas and projects that will emerge from this event. Thank you.

    MIL OSI Asia Pacific News

  • MIL-OSI: Siili Solutions Plc, Business review, 1 January–30 September 2024

    Source: GlobeNewswire (MIL-OSI)

    Siili successfully launched the implementation of its new strategy in challenging market conditions

    Siili Solutions Plc Stock Exchange Release 22 October 2024 at 9:45 am EEST

    Key figures

    EUR million Q3/2024 Q3/2023 Q1-Q3/2024 Q1-Q3/2023
    Revenue 24.1 27.0 83.3 92.3
    Revenue growth. EUR million -2.9 0.1 -9.0 6.5
    Revenue growth. % -10.8% 0.5% -9.8% 7.6%
    Organic revenue growth. EUR million -2.9 -1.2 -9.0 2.3
    Organic revenue growth. % -10.8% -4.1% -9.8% 2.6%
    Adjusted EBITA 0.7 1.3 4.0 6.3
    Adjusted EBITA. % of revenue 2.9% 4.7% 4.8% 6.8%
    EBITA 0.7 1.3 3.4 6.3
    EBITA. % of revenue 2.9% 4.7% 4.1% 6.8%
    Average number of employees during the period 956 1,057 976 1,049
    Number of employees at the end of the period 945 1,053 945 1,053
    Number of full-time employees (FTE) at the end of the period 909 1,023 909 1,023
    Number of full-time subcontractors (FTE) at the end of the period 148 172 148 172

     

    Key events in July-September:

    • On 13 August 2024, Siili published its new strategy placing AI and data at its core.
    • On 17 September 2024 Siili published a profit warning and lowered its financial guidance for 2024 revenue and adjusted EBITA.
    • Activity in sales created good ground for strategy implementation.

    Outlook for 2024:

    The updated financial guidance of revenue for 2024 is expected to be EUR 106–116 million and adjusted EBITA EUR 4.5–6.5 million.

    The previous guidance for the current year’s revenue was EUR 120-140 million and adjusted EBITA EUR 7.5-10.5 million.

    CEO Tomi Pienimäki:

    In July–September, Siili continued to lay a solid foundation for the implementation of its new strategy in spite of challenging market conditions.

    Revenue for the third quarter declined 11% year-on-year, to stand at approximately EUR 24 million. Adjusted EBITA for the quarter was EUR 0.7 million and about 3% of revenue.

    The overall state of the IT service market has remained challenging, and recovery of the markets is taking longer than expected. Decision-making by customers on starting new projects continues to be slow, despite increased activity among customers. Against this backdrop, in September, we updated our guidance on revenue and adjusted EBITA for 2024.

    As an example of positive developments in sales, I would like to highlight a significant new customer in the German automotive industry, starting out with a contract of approximately EUR 8 million for the next five years. Siili was also selected by several industry-leading AI users as a partner in data and AI projects. Growth in this area is one of our strategic priorities. For the time being, AI projects tend to be small, but they represent important openings in building long-term partnerships. We have continued to strengthen the data and AI competencies of the Siili team, both by training the personnel and by new recruitments.

    In August, we announced a new strategy, placing artificial intelligence and data at its core. In October, we published a Handbook on AI-powered software development. In the book, our experts describe, in concrete terms, new ways of working that are already changing the way how the Siili team operates and that will strengthen our position as a leader in the utilisation of artificial intelligence in software development.

    In October, Siili appointed Maria Niiniharju as VP Private Business and member of management team. Niiniharju brings us strong experience in business development as well as valuable data and AI expertise, which is perfect fit to accelerate Siili’s strategy execution.

    Siili achieved 10th place in the Young Professional Attraction Index survey by Academic Work. Our goal is to be a community of top talent, and in line with our strategy, we will continue to endorse a strong corporate culture and continuous learning opportunities for the personnel.

    Siili will arrange a Capital Markets Day on 26 November 2024. In the event, we will describe our new strategy, our AI and data expertise as well as our financial standing.

    Despite the challenges of the operating environment, we believe in the normalisation of the markets, although the turnaround has been delayed. I want to extend my thanks to the entire Siili team and our customers for the past third quarter of the year. We are in a good position to continue the roll-out of our renewed strategy towards the end of the year.

    This is not an interim report under IAS 34. The company complies with the half-yearly reporting requirements of the Securities Markets Act and publishes business reviews for the first three and nine months of the year, which present key information on the company’s financial performance. The financial information presented in this business review is unaudited.

    Further information:

    CEO Tomi Pienimäki

    Tel: +358 40 834 1399, email: tomi.pienimaki(at)siili.com

    CFO Aleksi Kankainen

    Tel: +358 40 534 2709, email: aleksi.kankainen(at)siili.com

    Distribution:

    Nasdaq Helsinki Ltd
    Main media
    http://www.siili.com/en

    Siili Solutions in brief:

    Siili Solutions Plc is a forerunner in AI-powered digital development. Siili is the go-to partner for clients seeking growth, efficiency and competitive advantage through digital transformation. Our main markets are Finland, the Netherlands, the United Kingdom, and Germany. Siili Solutions Plc’s shares are listed on the Nasdaq Helsinki Stock Exchange. Siili has grown profitably since its founding in 2005. http://www.siili.com/en

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  • MIL-OSI Australia: Burnie Cultural Precinct works racing ahead

    Source: Australian Executive Government Ministers

    Sections of the new Burnie Cultural Precinct in north-west Tasmania have officially opened to the community today, marking a critical milestone in the project. 

    Once complete, the precinct is expected to attract 100,000 visitors per year, boosting tourism and the local economy. 

    The project involves upgrading the Burnie Arts and Function Centre and integrating it with the Museum and Art Gallery and civic plaza to create an inclusive environment with public spaces for co-creation and local events.

    With the interior of the Burnie Arts and Function Centre refurbishment complete today, we’re one step closer to realising this vision. 

    Additions to the building include a revitalised main entry, café and external works that link the centre with the civic plaza.

    Future works include the redevelopment of the remainder of the Burnie Arts building and an upgrade of the Civic Plaza made possible with a further $13 million funding from the Albanese Government.

    The new precinct will attract more locals and visitors by providing facilities, programs and cultural offerings for people to enjoy. 

    The project is a joint initiative between the Australian Government and Burnie City Council, with the Australian Government contributing $18 million to the $20.5 million project and the council contributing the remaining $2.5 million.

    Quotes attributable to Infrastructure, Transport, Regional Development and Local Government Minister Catherine King:

    “It’s fantastic to be here today to see the incredible transformation taking place at the new Burnie Cultural Precinct, with the arts and function centre now refurbished. 

    “This is yet another demonstration of the Albanese Government’s unwavering commitment to investing in our regions to create jobs, build opportunity and unlock economic growth and productivity.

    “We’re delivering for the people of Tasmania, investing in community infrastructure that fosters social cohesion and strengthens local communities.”

    Quotes attributable to Senator for Tasmania Anne Urquhart:

    “Ensuring people living on the North West Coast have access to world-class cultural precincts is of great importance to the Albanese Labor Government, and I am pleased to be here today for the opening of new parts of the Burnie Cultural Precinct.

    “This cultural precinct will ensure Burnie, and Braddon, remain a great place to live, work, visit and do business.        

    “The new integrated precinct will support a better visitor experience and provide welcoming public spaces that can be used for events and co-creation.

    “This will draw in more visitors and business activity to the Burnie CBD to provide a real boost to our economy.”

    Quotes attributable to Burnie Council Mayor Teeny Brumby:

    “This first stage of the redevelopment, which we celebrate today, has already breathed new life into the Burnie Arts Centre. 

    “This redevelopment doesn’t just create a venue; it creates an environment where arts and culture can thrive, where our community can gather, and where the next generation of makers can be inspired.”

    MIL OSI News

  • MIL-OSI USA: Justice Department Sues Rocket Mortgage, Appraisal Management Company and Appraiser for Race Discrimination in Mortgage Refinance Application

    Source: US State of California

    The Justice Department announced today that it has filed a lawsuit alleging that Rocket Mortgage LLC; Solidifi US Inc.; Maverick Appraisal Group Inc.; and Maksym Mykhailyna discriminated against a Black homeowner by undervaluing her home based on her race in an appraisal required as part of a home mortgage refinance application. The United States also alleges that Rocket Mortgage retaliated against the homeowner and interfered with her rights by cancelling her mortgage refinance application when she reported this discrimination.

    “This lawsuit is part of our ongoing efforts to bring an end to appraisal bias which prevent Black communities and other consumers of color from accessing credit and benefitting from homeownership,” said Assistant Attorney General Kristen Clarke of the Justice Department’s Civil Rights Division. “Appraisal bias exacerbates the racial wealth gap, and runs contrary to the principles of fairness, transparency and equity that we need in our housing market today. The Justice Department will continue to hold appraisers, lenders and others who discriminate against loan applicants accountable for their actions. No one should have to suffer the indignity and financial harm associated with appraisal bias.”

    “The complaint alleges racially discriminatory practices by a lender and an appraiser that harmed a homeowner. These discriminatory practices have gone on for too long in Denver,” said Acting U.S. Attorney Matt Kirsch for the District of Colorado. “The U.S. Attorney’s Office is committed to addressing persistent inequities in housing through vigorous enforcement of federal laws prohibiting discrimination in housing and lending.”

    The Justice Department’s complaint alleges that a homeowner applied for a mortgage refinance loan from Rocket Mortgage in January 2021, and Rocket Mortgage contracted with an appraisal management company, Solidifi US Inc., to complete the required home appraisal. Solidifi retained Mykhailyna and his company, Maverick Appraisal Group, to appraise the home, which is located in a neighborhood in Denver that is predominantly white. The complaint alleges that Mykhailyna used sales from properties in further-away neighborhoods with larger Black populations instead of closer neighborhoods that were predominantly white. In fact, the complaint alleges Mykhailyna failed to consider data from sales of homes less than a mile from the complainant’s property in an adjoining neighborhood, even though a few months earlier he had used sales of homes in that same neighborhood to support an appraisal of a home with a white owner in the complainant’s neighborhood. The complaint alleges that these and other errors demonstrate Mykhailyna undervalued the property because of race and color.

    Mykhailyna appraised the property to be over $200,000 lower than an appraisal on the same property that had been completed less than a year before, a more than 25% decrease at a time of rising home values in the Denver.

    As alleged in the complaint, Mykhailyna sent his appraisal to Solidifi, which reviewed it and then forwarded it to Rocket Mortgage and the homeowner. When the homeowner received the appraisal, she contacted Rocket Mortgage and explained why she believed it was discriminatory. In response, Rocket Mortgage cancelled her refinance application. She filed a complaint with the Department of Housing and Urban Development (HUD), which later conducted an investigation, determined that there was reasonable cause to conclude the defendants had violated the Fair Housing Act, and referred the matter to the Justice Department.

    “HUD applauds today’s action and remains committed to working with DOJ to ensure appraisal companies and mortgage providers are held accountable when they violate our nation’s fair housing laws.” said Principal Deputy Assistant Secretary Diane M. Shelley of HUD’s Office of Fair Housing and Equal Opportunity. “It has been over 56 years since the passage of the Fair Housing Act, and it is unconscionable that Black and Brown families still face discrimination during housing transactions.”

    More information about the Civil Rights Division and the laws it enforces is available at www.justice.gov/crt. Along with several federal agencies, the Justice Department issued a letter to The Appraisal Foundation underscoring the importance of incorporating federal nondiscrimination standards into appraisal standards. More information about the Interagency Task Force on Property Appraisal and Valuation Equity is available at pave.hud.gov.

    Individuals may report housing discrimination to the Justice Department by calling 1-833-591-0291, emailing fairhousing@usdoj.gov or submitting a report online. Individuals also may report housing discrimination to HUD by calling 1-800-669-9777 or filing a complaint online.

    MIL OSI USA News

  • MIL-OSI Global: Paper mills: the ‘cartel-like’ companies behind fraudulent scientific journals

    Source: The Conversation – Indonesia – By Rizqy Amelia Zein, Lecturer in Social Psychology, Universitas Airlangga

    Science and Nature, two leading science journals, have revealed a growing problem: an alarming rise in fraudulent research papers produced by shady paper mill companies. This wave of fake studies is creating a major headache for the academic world, putting the integrity of global academic research at risk.

    Paper mill companies offer authorship services to researchers, academics, and students who want their names listed as an author of a scientific article published in reputable scientific journals.

    By paying around €180 to €5000 (approximately US$197 – $5472), a person can have their name listed as the author of research paper, without having to painstakingly do research and write the results. No doubt, some experts refer to these paper mills as illegal and criminal organizations.

    A 2023 research highlights a dramatic increase in fraudulent scientific artiles traced back to paper mills. In just five years, the numbers of retractions soared jumped from 10 in 2019 to 2,099 in 2023.

    Paper mills have also extremely overwhelmed major scientific journal publishers. Hindawi and Wiley, publishers of open access journals in the UK, for example, retracted around 1,200 paper mill articles in 2023. SAGE, a global publisher of books, journals and academic library resources and Elsevier, a scholarly publisher in the Netherlands also retracted hundreds of paper mill articles in 2022.

    Paper mills are found operating in countries whose research policies incentivise researchers to produce as many scientific articles as possible, such as China, Russia, India and Iran.

    However, their customer profile is quite diverse, from both developed and developing countries, including Indonesia, Malaysia, Germany, and the United States (US).

    Based on research data and investigative journalist reports from the last five years, I summarise how these paper mills operate and how to detect them.

    The paper mill playbook: tactics and oddities

    1. Problematic articles

    Paper mills generally manipulate the process of publishing scientific articles. These articles usually plagiarise other published articles, contain false and stolen data, or include engineered and duplicated images.

    They also offer to rewrite scientific articles using generative artificial intelligence tools, such as ChatGPT and Quillbot, or to translate published articles from other languages into English.

    2. A promised path to publication

    In some cases, paper mills offer authorship slots before an article is accepted for publication.

    In other cases, they offer authorship slots after the article is ready to be published by the journal.

    Therefore, it is not uncommon for paper mills to sell authorship slots with a guarantee that the article will definitely be published. In fact, according to the conventions generally accepted in the academic community, no well-run journal can give such a guarantee.

    Publishing decisions are normally made only after editors have considered the feedback from peer reviewers. This means, there is no possibility for a manuscript to secure acceptance before passing the peer review process.

    3. Fake reviews and corrupt deals

    Paper mills also offer a wide range of additional services. For example, they offer fake peer review services to convince potential buyers that the offered articles have passed rigorous review.

    To smooth the way for their operations, some paper mills even operate like a cartel, bribing rogue journal editors to ensure publication. A 2024 investigation by a Science journalist revealed that some scientific journal editors were offered as much as $20,000 to cooperate with these schemes. This investigation resulted in more than 30 editors of reputable international journals identified as involved in paper mill activities.

    4. Unusual collaboration patterns

    One of the peculiarities of paper mill articles is its strange mix of authors. An article on the activity of ground beetles attacking crops in Kazakhstan, for example, is written by authors who are neither affiliated with institutions in Kazakhstan nor experts in insects or agriculture. The authors’ backgrounds are suspiciously heterogeneous, ranging from anaesthesia, dentistry, to biomedical engineering.

    5. Anonymous co-authors

    Prospective customers of paper mill services usually have to agree to the rules of confidentiality. By agreeing to this rule, buyers have no idea which journal their article will target or who their co-authors will be. Often, the authors listed on the same paper don’t even know each other.

    Spotting the red flags: how to detect paper mills articles

    Detecting scientific articles produced by paper mills often begins with analyzing retraction patterns carried out by journals.

    This can be done in two ways: by tracking post-publication peer reviews on platforms like PubPeer, or by checking the Retraction Watch database, a website that documents retractions of problematic scientific articles.

    However, journals rarely state outright that a retraction is due to paper mill fraud. Instead, articles are typically pulled for reasons like improper inclusion of the name and order of authors, inclusion of many irrelevant citations or references, plagiarism, or inclusion of manipulated or duplicated images.

    The proportion of scientific articles retracted for being associated with paper mills is much smaller than the estimated total number of paper mill articles currently in circulation.

    Retraction Watch data, as of May 2024, only recorded 7,275 retractions of articles related to the paper mill out of a total of 44,000 retractions recorded. In fact, it is estimated that up to 400,000 paper mill articles have infiltrated scientific literature over the past two decades.

    Despite significant efforts from publishers and the academic community through organizations such as United2Act, a global alliance initiated by Committee on Publication Ethics (COPE) and STM, these attempts are barely enough.

    How paper mills hurt the public

    The UK Research Integrity Office—an independent UK charity that offers support to the public, researchers and organisations to promote good academic research practice—estimates that the paper mill industry has gained around $10 million globally.

    For example, a Russian paper mill could earn $6.5 million if they sold all the authorship of scientific articles it produced from 2019 to 2021.

    In Indonesia, this financial loss directly impacts the public. Public universities rely on the state budget, funded largely by taxpayers, and tuition fees from students to cover operational expenses, including research grants and publication incentives.

    Though the exact financial toll of these paper mills is hard to pin down, it is clear that the public are footing the bill for fraudulent research practices, siphoning resources away from enuin academic advancements.

    Rizqy Amelia Zein tidak bekerja, menjadi konsultan, memiliki saham, atau menerima dana dari perusahaan atau organisasi mana pun yang akan mengambil untung dari artikel ini, dan telah mengungkapkan bahwa ia tidak memiliki afiliasi selain yang telah disebut di atas.

    ref. Paper mills: the ‘cartel-like’ companies behind fraudulent scientific journals – https://theconversation.com/paper-mills-the-cartel-like-companies-behind-fraudulent-scientific-journals-230124

    MIL OSI – Global Reports

  • MIL-OSI China: Xi stresses importance of steel industry, real economy

    Source: China State Council Information Office 2

    Xi Jinping, general secretary of the Communist Party of China Central Committee, said on Thursday that the steel industry is an important basic industry of the country and the real economy is the foundation of the national economy.
    Xi made the remarks while visiting a cold rolling mill of Bensteel Group in Benxi City, northeast China’s Liaoning Province.

    MIL OSI China News

  • MIL-OSI Russia: NSU Enters Top 10 of Digital Economy Universities Rankings

    Translation. Region: Russian Federation –

    Source: Novosibirsk State University – Novosibirsk State University –

    ANO “Digital Economy” with the support of the Association of Computer and Information Technology Enterprises (APKIT) and the Ministry of Digital Development of the Russian Federation prepared a rating of universities in the digital economy. In total, more than 300 universities were assessed in the rating and 63 areas of training and specialties related to IT were considered. The final results were presented for two groups: universities in Moscow and St. Petersburg and separately for universities located in the regions. NSU entered the top 10 of the second group.

    The universities were assessed based on official statistics on IT personnel training and a survey of 90 respondents conducted by the Digital Economy ANO. Representatives of leading technology companies participated in the survey. The first group of the final ranking of digital economy universities included 24 universities from Moscow and St. Petersburg. Bauman Moscow State Technical University took first place. The leaders also included HSE, MIPT, Lomonosov Moscow State University, ITMO University, MEPhI, St. Petersburg State University, MIREA and other universities. The second group, which included universities located in the regions, included 30 leaders, including UrFU, NSTU, NSU, TPU, KFU and other universities.

    — NSU’s entry into the top 10 of the ranking is a significant result, since this ranking evaluates absolute, not relative indicators. The ranking mainly includes federal universities, which are several times larger than NSU in terms of the number of students. At our university, the IT direction is one of the key ones: for example, if you look at the distribution of budget places based on the results of the 2024 admission campaign, more than 20% are in IT. NSU has a specialized Faculty of Information Technology, while IT is represented in almost all faculties and in all institutes. The Mechanics and Mathematics Faculty has a system programming direction, the Physics Faculty has physical informatics, and the Humanities Institute has fundamental and applied linguistics, — commented NSU Rector, Academician of the Russian Academy of Sciences Mikhail Fedoruk.

    NSU is implementing a number of projects in cooperation with IT companies. For example, the university has joint educational and scientific laboratories with SHIFT and Sber, master’s programs, etc. NSU is also one of the leading scientific and educational centers in the field of artificial intelligence. For more than a year, the AI Center has been operating at the university, with Sber and Rostelecom as key industrial partners.

    NSU graduates are in demand in the IT market: according to surveys by the NSU Career Development Center, every fourth graduate (26%) works in the field of information technology (IT, programming, technical support).

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

    MIL OSI Russia News

  • MIL-OSI Economics: Agnico Eagle Announces Successful Take-Up of 94.1% of the Shares of O3 Mining and Mandatory Extension of Offer to February 3, 2025

    Source: Agnico Eagle Mines

    • All-cash offer of $1.67 per share representing a 58% premium to O3 Mining’s closing price on December 11, 2024
    • Agnico Eagle has satisfied the minimum tender condition and has taken-up and acquired 94.1% of the outstanding O3 Mining shares
    • Shareholders who have not already tendered should do so as soon as possible to take advantage of the significant offer as their brokers, banks or other intermediaries likely have tendering cut-off times well in advance of the expiry time of 11:59 p.m. (EST) on February 3, 2025
    • Tender your shares today for prompt payment. Contact Laurel Hill Advisory Group for assistance at 1-877-452-7184 or email assistance@laurelhill.com

    (All amounts expressed in Canadian dollars unless otherwise noted)

    TORONTO, Jan. 24, 2025 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) (“Agnico Eagle“) and O3 Mining Inc. (TSXV: OIII, OTCQX: OIIIF) (“O3 Mining“) are pleased to jointly announce that Agnico Eagle has taken-up and acquired 110,424,431 common shares of O3 Mining (the “Deposited Shares“), representing approximately 94.1% of the outstanding common shares of O3 Mining (the “Common Shares“) on a basic basis, pursuant to its board-supported take-over bid (the “Offer“) for all of the outstanding Common Shares for $1.67 in cash per Common Share. The aggregate consideration payable for the Deposited Shares is $184,408,800. Agnico Eagle will pay for the Deposited Shares by January 28, 2025. All of the conditions of the Offer have been satisfied or waived.

    Agnico Eagle has extended the expiry time of the Offer by a mandatory period of 10 days to 11:59 p.m. (EST) on February 3, 2025 (the “Expiry Time“) in order to allow the remaining shareholders of O3 Mining to tender their Common Shares to the Offer and receive the all-cash offer price of $1.67 per Common Share.  

    O3 Mining’s President and Chief Executive Officer, Mr. José Vizquerra commented: “We are pleased to achieve this excellent and timely outcome for our shareholders who tendered their Common Shares to the Offer. While providing an opportunity for our shareholders to realize immediate value at a significant premium, the transaction will also enable the efficient advancement of the Marban Alliance project by Agnico Eagle, an experienced operator that has the financial strength, mining expertise and community commitment to take the project to its next stage of development.”

    Full details of the Offer are contained in Agnico Eagle’s take-over bid circular and in O3 Mining’s directors’ circular, which are available under O3 Mining’s profile on SEDAR+ (http://www.sedarplus.ca) and on O3 Mining’s and Agnico Eagle’s respective websites.  Agnico Eagle will file the Notice of Extension extending the Expiry Time to 11:59 p.m. (EST) on February 3, 2025 under O3 Mining’s profile on SEDAR+ (http://www.sedarplus.ca) and on O3 Mining’s and Agnico Eagle’s respective websites and mail the Notice of Extension to shareholders of O3 Mining in accordance with applicable law.  These materials contain important information on how to tender to the Offer.

    Next Steps and How to Tender Your Shares to Receive Prompt Payment

    Following the Expiry Time, Agnico Eagle intends to pursue a second-step transaction to acquire the remaining Common Shares not tendered to the Offer, as described in Agnico Eagle’s take-over bid circular available under O3 Mining’s profile on SEDAR+ (http://www.sedarplus.ca) and on O3 Mining’s and Agnico Eagle’s respective websites. 

    Remaining O3 Mining shareholders are strongly encouraged to tender their Common Shares to the Offer prior to the Expiry Time to ensure that they promptly receive the offer price of $1.67 per Common Share. O3 Mining shareholders whose Common Shares are held through a broker, bank or other intermediary should immediately contact that intermediary for assistance if they wish to accept the Offer – intermediaries have likely established tendering cut-off times that are prior to the Expiry Time.  Shareholders who do not tender prior to the Expiry Time will not receive payment for their Common Shares until the completion of the second-step transaction.

    For information on tendering your Common Shares, please contact Laurel Hill Advisory Group toll free at 1-877-452-7184 or by email at assistance@laurelhill.com.

    Shareholder type:

    How do I tender my Common Shares to the Agnico Eagle Offer?

    Beneficial

    Most O3 Mining shareholders are beneficial shareholders. This means your Common Shares are held through a broker, bank or other financial intermediary, and you do not have a share certificate or DRS advice.

    Contact your bank or your broker immediately and instruct them to tender your Common Shares to the Offer.

    Registered

    You are a registered shareholder if you hold your Common Shares directly and have a share certificate or DRS advice.

    Contact Laurel Hill Advisory Group:
    Phone: 1-877-452-7184
    Email: assistance@laurelhill.com

    For additional information regarding the Offer, please visit: https://www.agnicoeagle.com/Offer-for-O3-Mining/default.aspx and https://o3mining.com/agnico-eagle-mines-limited-offer-for-o3-mining-inc/.

    O3 Mining Board Transition

    In connection with the successful take-up of the Deposited Shares under the Offer, the board of directors of O3 Mining was reconstituted to include representatives of Agnico Eagle.  The O3 Mining board of directors is now comprised of continuing directors Amy Satov and Bernardo Alvarez Calderon and Agnico Eagle representatives Peter Netupsky, Carol Plummer, Jean Robitaille and Chris Vollmershausen.  Peter Netupsky is Vice President, Corporate Development of Agnico Eagle; Carol Plummer is Executive Vice President, Sustainability, People & Culture of Agnico Eagle; Jean Robitaille is Executive Vice President, Chief Strategy & Technology Officer of Agnico Eagle; and Chris Vollmershausen is Executive Vice President, Legal, General Counsel & Corporate Secretary of Agnico Eagle.

    At Agnico Eagle’s request, José Vizquerra and Elijah Tyshynski will continue in their roles as President and Chief Executive Officer and as Chief Financial Officer and Corporate Secretary of O3 Mining, respectively, until the completion of the second-step transaction.

    Additional Early Warning Disclosure Regarding O3 Mining

    Immediately prior to the take-up of the Deposited Shares under the Offer, Agnico Eagle beneficially owned, and exercised control and direction over, 1,057,753 Common Shares, representing approximately 0.9% of the issued and outstanding Common Shares on a basic basis, and 270,000 Common Share purchase warrants (the “Warrants“) exercisable for an aggregate of 270,000 Common Shares at an exercise price of $1.45 per Warrant.  In addition, Agnico Eagle held a convertible senior unsecured debenture in the principal amount of $10,000,000 dated June 19, 2023 (the “Convertible Debenture“).  Assuming the full exercise of all Warrants held by Agnico Eagle and the full conversion of the Convertible Debenture immediately prior to the take-up of Common Shares under the Offer, Agnico Eagle would beneficially own, and exercise control and direction over, 6,205,802 Common Shares, representing approximately 5.1% of the issued and outstanding Common Shares on a partially-diluted basis.

    Agnico Eagle acquired 110,424,431 Deposited Shares pursuant to the Offer, representing all of the Common Shares validly deposited and not withdrawn as of 11:59 p.m. (EST) on January 23, 2025, for aggregate consideration of $184,408,800 in cash.  As a result, as of the date hereof, Agnico Eagle beneficially owns, and exercises control and direction over, an aggregate of 111,482,184 Common Shares, representing approximately 95% of the issued and outstanding Common Shares on a basic basis.  Assuming the full exercise of all Warrants held by Agnico Eagle and the full conversion of the Convertible Debenture, Agnico Eagle would beneficially own, and exercise control and direction over, 116,630,233 Common Shares, representing approximately 95.2% of the issued and outstanding Common Shares on a partially-diluted basis.

    Early Warning Disclosure Regarding Cartier Resources

    Immediately prior to the take-up of the Deposited Shares under the Offer, (i) Agnico Eagle beneficially owned, and exercised control and direction over, 50,749,679 common shares (the “Cartier Shares“) of Cartier Resources Inc. (“Cartier“) and 7,000,000 Cartier Share purchase warrants (the “Cartier Warrants“), representing approximately 15.6% of the issued and outstanding Cartier Shares on a partially-diluted basis assuming the full exercise of the Cartier Warrants held by Agnico Eagle, and (ii) O3 Mining beneficially owned, and exercised control and direction over, 46,273,265 Cartier Shares, representing approximately 12.7% of the issued and outstanding Cartier Shares on a basic basis.

    As a result of Agnico Eagle’s acquisition of control of O3 Mining pursuant to the Offer, as of the date hereof, Agnico Eagle is deemed to beneficially own, and exercise control and direction over, an aggregate of 97,022,944 Cartier Shares, representing approximately 26.7% of the issued and outstanding Cartier Shares on a basic basis.  Assuming the full exercise of all Cartier Warrants held by Agnico Eagle, Agnico Eagle would be deemed to beneficially own, and exercise control and direction over, 104,022,944 Cartier Shares, representing approximately 28.0% of the issued and outstanding Cartier Shares on a partially-diluted basis.

    Agnico Eagle holds its Cartier Shares and Cartier Warrants for investment purposes. Depending on market conditions and other factors, Agnico Eagle may, from time to time, acquire additional Cartier Shares, Cartier Warrants or other securities of Cartier or dispose of some or all of its Cartier Shares, Cartier Warrants or other securities of Cartier that it owns at such time.

    Early Warning Disclosure Regarding STLLR Gold Inc.

    Immediately prior to the take-up of the Deposited Shares under the Offer, O3 Mining beneficially owned, and exercised control and direction over, 12,458,939 common shares (the “STLLR Shares“) of STLLR Gold Inc. (“STLLR“), representing approximately 10.1% of the issued and outstanding STLLR Shares on a basic basis.  Agnico Eagle did not beneficially own, or exercise control or direction over, any STLLR Shares.

    As a result of Agnico Eagle’s acquisition of control of O3 Mining pursuant to the Offer, as of the date hereof, Agnico Eagle is deemed to beneficially own, and exercise control and direction over, 12,458,939 STLLR Shares, representing approximately 10.1% of the issued and outstanding STLLR Shares on a basic basis. 

    Agnico Eagle holds its STLLR Shares for investment purposes. Depending on market conditions and other factors, Agnico Eagle may, from time to time, acquire additional STLLR Shares or other securities of STLLR or dispose of some or all of its STLLR Shares or other securities of STLLR that it owns at such time.

    Early warning reports in respect of the foregoing will be filed by Agnico Eagle in accordance with applicable securities laws. To obtain a copy of each early warning report, please contact:

    Agnico Eagle Mines Limited
    c/o Investor Relations
    145 King Street East, Suite 400
    Toronto, Ontario M5C 2Y7
    Telephone: 416-947-1212
    Email: investor.relations@agnicoeagle.com

    Agnico Eagle’s head office is located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7. O3 Mining’s head office is located at 155 University Avenue, Suite 1440, Toronto, Ontario M5H 3B7. Cartier’s head office is located at 1740, chemin Sullivan, bureau 1000, Val d’Or, Québec J9P 7H1. STLLR’s head office is located at 181 Bay Street, Suite 4260, Toronto Ontario M5J 2V1.

    Advisors

    Edgehill Advisory Ltd. is acting as financial advisor to Agnico Eagle. Davies Ward Phillips & Vineberg LLP is acting as legal advisor to Agnico Eagle.

    Maxit Capital is acting as financial advisor to O3 Mining. Bennett Jones LLP is acting as legal advisor to O3 Mining. Fort Capital is acting as financial advisor to the Special Committee of independent directors of O3 Mining. Cassels Brock & Blackwell LLP is acting as legal advisor to the Special Committee.

    The Depositary and Information Agent for the Offer is Laurel Hill Advisory Group. If you have any questions or require assistance with tendering to the Offer, please contact Laurel Hill Advisory Group, by phone at 1-877-452-7187 or by e-mail at assistance@laurelhill.com.

    About O3 Mining Inc.

    O3 Mining Inc. is a gold explorer and mine developer in Québec, Canada, adjacent to Agnico Eagle’s Canadian Malartic mine. O3 Mining owns a 100% interest in all its properties (128,680 hectares) in Québec. Its principal asset is the Marban Alliance project in Québec, which O3 Mining has advanced over the last five years to the cusp of its next stage of development, with the expectation that the project will deliver long-term benefits to stakeholders.

    About Agnico Eagle Mines Limited

    Agnico Eagle is a Canadian based and led senior gold mining company and the third largest gold producer in the world, producing precious metals from operations in Canada, Australia, Finland and Mexico, with a pipeline of high-quality exploration and development projects. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading environmental, social and governance practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

    Cautionary Note Regarding Forward-Looking Information

    This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation that is based on current expectations, estimates, projections, and interpretations about future events as at the date of this news release. Forward-looking information and statements are based on estimates of management by O3 Mining and Agnico Eagle, at the time they were made, and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information or statements. Forward-looking statements in this news release include, but are not limited to, statements regarding: the Offer, including the anticipated timing of expiration, mechanics, funding, completion, settlement, payment, results and effects of the Offer and the other benefits of the transaction; the advancement of the Marban Alliance project; any second-step transaction, including the timing for any such transaction and Agnico Eagle’s intentions with respect to any such transaction; and Agnico Eagle’s acquisition or disposition of securities of Cartier and/or STLLR in the future. Material factors or assumptions that were applied in formulating the forward-looking information contained herein include, without limitation, the expectations and beliefs of Agnico Eagle and O3 Mining that any second-step transaction will be successful and the ability to achieve goals, including the integration of the Marban Alliance property to the Canadian Malartic land package and the ability to realize synergies arising therefrom. Agnico Eagle and O3 Mining caution that the foregoing list of material factors and assumptions is not exhaustive. Although the forward-looking information contained in this news release is based upon what Agnico Eagle and O3 Mining believe, or believed at the time, to be reasonable expectations and assumptions, there is no assurance that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither O3 Mining, nor Agnico Eagle nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. O3 Mining and Agnico Eagle do not undertake, and assume no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable law. These statements speak only as of the date of this news release. Nothing contained herein shall be deemed to be a forecast, projection or estimate of the future financial performance of Agnico Eagle or any of its affiliates or O3 Mining.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

    View original content:https://www.prnewswire.com/news-releases/agnico-eagle-announces-successful-take-up-of-94-1-of-the-shares-of-o3-mining-and-mandatory-extension-of-offer-to-february-3–2025–302359489.html

    SOURCE Agnico Eagle Mines Limited

    MIL OSI Economics

  • MIL-OSI USA: Senator Murray Statement on Meeting with DOT Secretary Nominee Sean Duffy

    US Senate News:

    Source: United States Senator for Washington State Patty Murray
    Washington, D.C. – Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, released the following statement after meeting with Sean Duffy, President-elect Donald Trump’s nominee to be Secretary of the U.S. Department of Transportation (DOT):
    “I’m glad I could meet with Mr. Duffy today and discuss my priorities when it comes to our nation’s transportation system and transit infrastructure. Washington state has benefitted in a major way from our Bipartisan Infrastructure Law, Inflation Reduction Act, and the vast array of federal infrastructure programs I help fund each year through the regular appropriations process.  I will be keeping a close eye to make sure Mr. Duffy faithfully executes the law and delivers the resources communities across Washington state are counting on for everything from building bridges to expanding our public transit.  
    “There are massive infrastructure investments in my state with huge economic benefits that depend on DOT meeting its legal obligations, including the I-5 Bridge Replacement Project that is a huge deal for folks in Southwest Washington and the entire Pacific Northwest economy.
    “It is critical that we have a Secretary of Transportation who will follow the law and work productively with senators on both sides of the aisle on the transportation needs and challenges our states are facing.
    “We also spoke about aviation safety and working together to make sure FAA has the resources and staffing it needs to conduct proper oversight—including overseeing the continued implementation of Boeing’s comprehensive action plan to ensure that horrifying safety lapses, like the door plug incident we saw last January, never happen again.”
    Senator Murray played a key role in passing the Bipartisan Infrastructure Law as Assistant Majority Leader, and as a longtime member—and now Vice Chair—of the powerful Senate Appropriations Committee and former chair of the Transportation appropriations subcommittee, Senator Murray has fought successfully over the years to boost investment in a wide range of transportation and infrastructure grant programs that benefit Washington state. Last Congress, as Chair of the Appropriations Committee, Senator Murray wrote and passed the transportation appropriations bill for fiscal year 2024, which was signed into law last March. The annual legislation funds the Department of Transportation and critical grant programs that benefit Washington state enormously, including RAISE—which Senator Murray established in 2009. Senator Murray is now working to negotiate government funding bills, including the transportation funding bill, for fiscal year 2025.

    MIL OSI USA News

  • MIL-OSI USA: Senator Murray Statement on Meeting with Energy Secretary Nominee Chris Wright

    US Senate News:

    Source: United States Senator for Washington State Patty Murray
    Washington, D.C. – Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, released the following statement after meeting with Chris Wright, President Trump’s nominee to be Secretary of the U.S. Department of Energy (DOE):
    “From the Hanford site to Pacific Northwest National Laboratory, the Department of Energy has a huge footprint in Washington state—I expect to work productively with any Secretary of Energy, so I was glad to meet with Mr. Wright today to discuss my priorities and the crucial role DOE plays in my home state.
    “I fight every year, with every administration, to make sure the Hanford cleanup stays on track—and in our meeting today I made clear that supporting the tank waste mission at Hanford will require significant funding increases, which I’m committed to securing through the appropriations process. I spoke with Mr. Wright about the importance of upholding the holistic agreement and working with me to ensure that Hanford gets the funding it needs to stay on track with its essential cleanup mission.
    “I pressed Mr. Wright on whether he would commit to upholding the law and ensuring that all funding passed by Congress is used in line with Congressional intent—including the Bipartisan Infrastructure Law and the Inflation Reduction Act, which are absolutely essential to ensuring the United States can stay ahead of our adversaries when it comes to energy production and manufacturing. These laws are already contributing in a major way to Washington state’s economy and clean energy future—it is absolutely critical that awarded, committed, and obligated funding is released in a timely manner for these projects in Washington state and across the country.  
    “While we disagree on plenty, if Mr. Wright is confirmed, I hope and expect that we will work together and keep open lines of communication to ensure that we continue to make progress at Hanford, invest in the future of American energy, and stay ahead of our adversaries.”
    As a longtime appropriator and now the top Democrat on the Senate Appropriations Committee, Senator Murray has long worked to boost funding for the Department of Energy’s critical mission, including negotiating and getting signed into law a strong, bipartisan energy funding bill for Fiscal Year 2024 that strengthened investments in cutting-edge scientific research and grid security, and protected critical funding to propel renewable energy research and climate projects.
    Senator Murray has worked tirelessly to support Hanford workers and ensure the federal government lives up to its cleanup obligations at Hanford throughout her time in Congress—beating back efforts by multiple administrations to underfund Hanford cleanup. As Appropriations Chair in the last Congress, Murray secured a record $3.035 billion for the Hanford cleanup—$191.4 million above the fiscal year 2023 funding level—in the fiscal year 2024 government funding package she negotiated and passed, which was signed into law last March. With significant input from Senator Murray, the President’s Budget for Fiscal Year 2025 requested $3.108 billion for Hanford cleanup—a $72.2 million increase above the record funding level enacted in the FY24 package. In December 2023, Murray’s Beryllium Testing Fairness Act, to help Hanford workers suffering from toxic beryllium exposure, was signed into law by President Biden.

    MIL OSI USA News

  • MIL-OSI Asia-Pac: LegCo Secretariat releases Policy Pulse on “Consolidating Hong Kong’s status as an international financial centre”

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Legislative Council Secretariat:
          
         The Legislative Council (LegCo) Secretariat today (January 24) released a Policy Pulse on “Consolidating Hong Kong’s status as an international financial centre”. This issue provides a concise overview of the developments and achievements of Hong Kong’s financial services in recent years, the latest measures, and LegCo’s relevant work along with policy recommendations from Members.

         As an international financial centre, Hong Kong ranks highly in various international rankings. The Policy Pulse highlighted several of these rankings, including being the world’s freest economy, ranking first globally for investment environment, and being the world’s largest Renminbi (RMB) offshore business centre. It also outlined policies and measures implemented by the Government and relevant financial institutions in areas such as asset and wealth management, fundraising platform, mutual capital market access between the Mainland and Hong Kong, international risk management, developing fintech, and green and sustainable finance.

         LegCo has been closely attentive to the development of financial services in Hong Kong, offering advice to the Government on how to fully leverage Hong Kong’s role as a “super-connector” and “super value-adder”. The Policy Pulse summarised the LegCo’s relevant work, including the passage of two tax-related Bills in 2023 and 2024 to promote family office business and enhance the competitiveness of Hong Kong’s real estate investment trusts. LegCo also passed legislative amendments to lower the rate of stamp duty on stock transfers to 0.1 per cent to reinforce the competitiveness of Hong Kong’s stock market.

         Moreover, the LegCo’s Bills Committees are studying the Companies (Amendment) (No. 2) Bill 2024 and the Stablecoins Bill, which aim to introduce a mechanism to facilitate the re-domiciliation of companies incorporated overseas to Hong Kong and to implement a licensing regime for fiat-referenced stablecoin issuers, respectively. In terms of developing fintech, the House Committee of LegCo has set up a subcommittee to review the application and development of Web3 and virtual asset technologies in Hong Kong and to make recommendations on the implementation of relevant legislation and policies.

         Members put forward a number of proposals to develop Hong Kong into a deeper and broader fundraising platform. These include providing incentives to encourage listed companies to issue RMB-denominated stocks and striving for further relaxation of the southbound trading of Stock Connect; implementing a tiered stamp duty system for stock trading to increase the liquidity of the securities market; and encouraging companies worldwide to list in Hong Kong regarding the hottest investment themes in the market. Members also expressed concern about the development of the RMB offshore business and urged the Administration to issue more offshore RMB bonds, equity and risk management products.

         The detailed content of “Consolidating Hong Kong’s status as an international financial centre” is available on the LegCo Website. Policy Pulse, published by the LegCo Secretariat, covers specific topics and offers a comprehensive overview of related policy developments and summarised discussions in LegCo.

    MIL OSI Asia Pacific News

  • MIL-OSI Russia: Polytechnic University received a delegation from the Joint University of Moscow State University and the Institute of Polytechnical Problems in Shenzhen

    Translartion. Region: Russians Fedetion –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    A delegation from the MSU-PTI Joint University in Shenzhen, headed by Rector Li Hezhang, visited the Polytechnic University.

    During the official meeting at the Resource Center for International Services of the Polytechnic University, prospects for cooperation were discussed. The meeting was held with the participation of the Vice-Rector for International Affairs of SPbPU Dmitry Arsenyev, the Head of the International Cooperation Department Vladimir Khizhnyak, the Head of the International Education Department Evgeniya Satalkina, the Director of the Higher School of International Educational Programs Viktor Krasnoshchekov and the Head of the Department of International Educational Programs and Academic Mobility Olga Yemelyanova.

    MSU-PPI Shenzhen University, founded in 2016 with the support of Lomonosov Moscow State University, Beijing Institute of Technology and the Shenzhen Municipal People’s Government, implements a variety of educational programs at the undergraduate, graduate and postgraduate levels. The university trains specialists in key areas such as information technology, mathematics, materials science, biology, chemistry, economics and philology.

    The meeting participants outlined the main areas of cooperation, including the development of joint educational programs, academic mobility for students and teachers, including the organization of joint winter and summer schools, joint research and publications. In addition, the mutual inclusion of employees in dissertation councils was discussed.

    Scientific research and technological innovation are our priority. We are proud that the university has gathered outstanding minds from all over the world, and students have already published their achievements in prestigious journals. MSU-PPI University in Shenzhen strives to develop international cooperation, observing the instructions of the heads of our states, and actively participates in student and teacher exchanges. Since the university is located in Shenzhen – the city of innovation, and the Polytechnic University is one of the leading technical universities in Russia, this is an opportunity for us to implement joint projects at a completely new high-tech level, – emphasized Professor Li Hezhang.

    They also discussed joint research activities of teachers and researchers from both universities in the areas of materials science, chemistry, computer science, artificial intelligence, as well as the participation of the Polytechnic University and Shenzhen University in the Visiting Professor program.

    Colleagues began to work out in detail a roadmap for cooperation in the areas discussed during the negotiations and to prepare a cooperation agreement.

    Vice-Rector for International Affairs Dmitry Arsenyev summed up the meeting: We strive not only to strengthen educational cooperation, but also to create a platform for the exchange of cultural experience between our countries. Summer and winter schools, joint internships and postgraduate training programs are steps that will help us develop scientific research. The visit of representatives of the MSU-PPI University will be the next stage in strengthening the partnership between Russia and China.

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

    MIL OSI Russia News

  • MIL-OSI Russia: Dmitry Grigorenko held a meeting at the Ministry of Digital Development on the development of promising digital projects

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Deputy Prime Minister and Chief of the Government Staff Dmitry Grigorenko held a meeting with the leadership of the Ministry of Digital Development of the Russian Federation on the implementation of key digitalization projects.

    Previous news Next news

    Dmitry Grigorenko held a meeting at the Ministry of Digital Development on the development of promising digital projects

    The Deputy Prime Minister recalled that in recent years, a foundation has been created in Russia for the development of the information technology industry.

    In particular, a modern telecommunications infrastructure has been formed. More than 80% of mobile subscribers are in the 4G reception area. More than 90% of households have the ability to connect to high-speed Internet.

    Considerable attention was paid to developing personnel for the digital industry. Over the past five years, the number of employees in IT companies has grown by more than 70% and reached almost 1 million people. The number of budget places in universities for IT specialties has doubled.

    A high level of digitalization of the public administration system has been achieved. Over the past five years, the number of users of the public services portal has increased by one and a half times. Today, more than 112 million citizens are registered on the portal, and over 1.6 thousand public services have been provided on it.

    The digital management model is used to control the implementation of national projects and state programs, as well as the formation and implementation of the budget at the federal, regional and municipal levels. As a result of using this management model, the level of achievement of national project indicators was almost 100% based on the results of last year.

    “This year, we launched a new national project, “Data Economy”. It focuses on systemic tasks. Firstly, this is the development of a secure infrastructure for data transmission and processing. We are talking about equipping with 5G infrastructure and creating a satellite constellation. In parallel, we will develop and apply a single standard for the provision of public services. Citizens should receive services quickly and conveniently, regardless of where they are in the country. A separate area of work is the introduction of artificial intelligence in most sectors of the economy and the social sphere. Along with the use of new technologies, we will increase the security of information systems,” Dmitry Grigorenko emphasized.

    In conclusion, the Deputy Prime Minister noted that a project-based approach will be used to implement digital projects. This method will allow for more efficient resource management, control over deadlines, and achievement of set goals.

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

    MIL OSI Russia News

  • MIL-OSI: Municipality Finance issues RON 106,5 million notes under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    24 January 2025 at 10:00 am (EET)

    Municipality Finance issues RON 106,5 million notes under its MTN programme

    Municipality Finance Plc issues RON 106,5 million notes on 27 January 2025. The maturity date of the notes is 27 January 2026. The notes bear interest at a fixed rate of 6.75% per annum.

    The notes are issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and the final terms of the notes are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 27 January 2025.

    Citigroup Global Markets Europe AG acts as the dealer for the issue of the notes.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the Republic of Finland. The Group’s balance sheet totals over EUR 50 billion.

    MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic, but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: http://www.munifin.fi

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network

  • MIL-OSI Economics: Asian Development Blog: Driving Gender Equality: Solutions to Empower Women in a Digital Future

    Source: Asia Development Bank

    Artificial intelligence presents both opportunities and risks for gender equality, with women facing unique vulnerabilities. Addressing these challenges requires reskilling women, strengthening social safety nets, and institutionalizing inclusive governance frameworks to ensure balanced benefits for all.

    Recently, the driverless taxi service Robotaxi Apollo Go expanded coverage in Wuhan in the People’s Republic of China. This sparked debate among women and men, with concerns ranging from passenger and pedestrian safety to unemployment among taxi drivers. 

    Robotaxis highlight gender dynamics in AI mobility. While some view it as a safer alternative, others fear it could reduce women’s transportation jobs and fail to address safety needs, especially for marginalized groups.  Robotaxis exemplify the “AI Era” – while it may promise prosperity, it is highly complex, especially when gender equality aspects are considered.

    To prepare for a possible AI-driven future, we need to identify the channels through which AI impacts gender equality and to configure a set of approaches to address them. We should consider the following:

    The digital divide between men and women could widen in an AI-driven society without proper policy intervention. Women constitute only around 22% of global AI professionals. Studies show that asymmetric gender power relations can be magnified from the education sphere to the workplace. 

    Women living in poverty are most likely to lag in AI-facilitated transformation, since they are already less represented in science, technology, engineering and mathematics (STEM) education, jobs, and access to relevant services. 

    AI will bring contextualized, intertwined, and uneven effects on the labor market which may either boost productivity or replace jobs. For instance, when manual or administrative work, predominantly undertaken by women, is substituted by AI technologies, women may be easily dragged into poverty, putting women who lack the necessary skills at greater risk of being displaced. 

    Nobel Prize Winner Daron Acemoglu has pointed out that less educated women may experience declines in wages, increased inequality, and the gap between capital and labor income will likely widen.

    Governing the AI Commons is a critical topic as AI fosters a borderless “knowledge commons”— or data collectively owned and managed by the online community. Research has argued that the digital transition, including the use of AI, accompanied by personal data commodification, can perpetuate gender discrimination while blurring public-private boundaries. 

    The AI era has the potential to bring prosperity with equality, but only if both women and men are equally equipped and updated with necessary skills.

    A gender perspective should be applied when evaluating ownership of digital properties to prevent overuse or underuse of shared resources, which lead to the tragedy of the commons or the tragedy of anti-commons. The tragedy of the commons involves over-exploiting shared resources due to self-interest, while the tragedy of the anti-commons highlights how prevalence of exclusion rights can hinder the use of resources, such as in digital patents and technology.

    By considering the unique needs and contributions of women, governance frameworks can balance sustainable digital resource management with inclusive benefits for all.

    Generative AI could be the “invisible hand” behind gendered hierarchy and gender-based violence. A recent study of 133 AI systems found that 44.2% exhibited gender bias. In AI-generated narratives, women are often associated with family roles and described as less powerful than men, reinforcing harmful stereotypes.

    Women are particularly vulnerable to AI-driven risks, including tech-facilitated gender-based violence. Biased algorithms, the rise of deepfake technologies that mimic real people doing or saying things they never did, and  AI-driven misinformation and disinformation amplify the multiple forms of online harassment and violence, threatening women’s rights.

    Machine learning is a self-reinforcing process that evolves based on the data it is fed. This places significant responsibility on decision-makers and AI developers to refine regulations, governance, and practices to address AI-driven inequalities and risks such as gender-based violence. 

    Given these drivers of impact, here are some proposed actions to ensure a gender-equal future with AI.

    Reskill and upskill women. The 2024 Greater Mekong Subregion Gender Equality and Inclusion Forum highlighted the need to prepare women for an AI-driven future. Initiatives like Sisters of Code, the first female coding club in Cambodia, are helping girls learn programming, while Bixie, a female-focused app, is improving financial inclusion through digital empowerment for women. 

    Governments, development institutions, private sector and relevant stakeholders should join hands and invest in women and girls in STEM, equipping them with skillsets to benefit from, frame, and lead the new era. 

    Strengthen the social safety net. Female workers, especially those in informal sectors are more likely to be affected by AI’s substitution effect. Countries are at a pivotal moment to formalize their social policy frameworks facing an AI future, for instance, experimenting with universal basic income to prepare their citizens for a new labor market dynamic. Meanwhile, AI can also serve as a tool for identifying vulnerable populations and as a bridge for delivering social assistance. 

    Institutionalize and harmonize the AI governance framework. The EU has taken the lead with its AI Act, the first comprehensive legislation on AI governance. Countries without relevant laws and regulations need to take proactive steps to develop their frameworks. 

    These frameworks should ensure that policy development equally involves women and men across sectors; country laws be updated to explicitly prevent and address AI-facilitated gender-based violence; and the global community make coordinated efforts on AI governance and align codes of conduct when using AI tools. 

     In AI projects, women should be consulted in the data collection process to mitigate and reduce biases from male-dominated inputs. Additionally, policy tools, such as an AI tax, can be leveraged to incentivize innovators and capital to “race to the most inclusive” rather than “race to the most lucrative.” 

    Jinan, Shandong Province of the People’s Republic of China recently began test-running its first batch of electric robo-buses. New job dynamics have been observed. Drivers are being replaced by safety controllers; while communications and coordination roles, primarily held by women, remain crucial, as passengers continue to seek instant reliable support from human operators. 

    The AI era has the potential to bring prosperity with equality, but only if both women and men are equally equipped and updated with necessary skills. 

    Ultimately,  the great potential of AI lies in the hands of humans who can build a future where women and men equally benefit from AI through increased human capital, stronger social welfare systems, and AI-facilitated digital commons.
     

    MIL OSI Economics

  • MIL-OSI Asia-Pac: Bus parade, exhibition launched

    Source: Hong Kong Information Services

    The Transport Department today launched a bus parade and exhibition in Victoria Park, Causeway Bay, to celebrate the 75th anniversary of the founding of the People’s Republic of China.

    The event features buses from the past and present and is one of the highlights of the Hong Kong Special Administrative Region Government’s National Day celebrations this year.

    Speaking at the kick-off ceremony this morning, Secretary for Transport & Logistics Lam Sai-hung noted that bus services have long been an indispensable and important part of Hong Kong’s economy and people’s livelihoods.

    “Buses have not only met the travel needs of Hong Kong people every day, but have also witnessed the city’s developments.”

    The event marks the evolution of franchised buses in the city from the past to the present, engaging with the public to experience the crucial role of bus services in the public transport system, he added.

    The transport chief also highlighted that China’s rapid development of new energy technologies in recent years has enriched Hong Kong’s choices of new energy public transport.

    “Numerous electric double-decker buses and hydrogen fuel cell buses introduced into Hong Kong in the past few years were China-made models. Our country has been forging ahead steadfastly in the last 75 years and continuous innovations in such areas as energy and transport technology not only reflect our country’s leading role in this field, but also bring the convenience of technology into the lives of the general public.”

    After the ceremony, the officiating guests boarded an open-top bus to lead a parade of eight retired and in-service buses from Victoria Park to Man Kwong Street via Gordon Road, King’s Road, Causeway Road, Hennessy Road, Fleming Road and Lung Wo Road.

    The general public enjoyed the parade along the 6km-long route across various districts and took photos.

    The convoy also engaged with citizens and tourists at locations such as Hennessy Road near Jardine’s Bazaar in Causeway Bay, Golden Bauhinia Square in Wan Chai and the destination at Central Pier.

    In addition, the four-day bus exhibition at the Victoria Park football pitches is open to registered members of the public free of charge from this afternoon.

    The department reminded those who have registered to queue up and enter the exhibition via its entrance at Soccer Pitch No. 4 (near the jogging track) with a QR code at the selected time slot.

    The exhibition features a total of 10 retired and in-service buses, including the first-generation double-decker bus introduced 75 years ago and the newly introduced China-made new energy double-decker buses.

    Bus model exhibits, photo-taking spots simulating a bus driver and passengers, a neon light installation as well as bus service-related memorabilia including bus captain uniforms of different generations and vintage bus tickets are also on display, the department said.

    MIL OSI Asia Pacific News

  • MIL-OSI USA: Sullivan Highlights Work to Advance Priorities of Alaska Native People at Annual AFN Convention

    US Senate News:

    Source: United States Senator for Alaska Dan Sullivan
    10.18.24
    ANCHORAGE, ALASKA—U.S. Senator Dan Sullivan (R-Alaska), addressing the Alaska Federation of Natives (AFN) annual convention today, spoke about the progress that has been made to advance the interests of Alaska Native people at the federal level in the past year, and highlighted work he is doing with Alaska Native communities to address challenges facing rural Alaska, like the devastating crash of salmon runs in parts of the state, limited access to affordable housing, the youth mental health crisis, and the disturbingly high rates of drug overdose deaths driven by fentanyl.
    [embedded content]
    Senator Sullivan discussed his work with the Alaska Eskimo Whaling Commission (AEWC) to secure the renewal of Alaska whaling captains’ quota at the recent International Whaling Commission (IWC) meeting in Peru; a new Alaska Salmon Research Task Force report created by his 2022 legislation; his team’s relentless efforts that led to a comprehensive ban on Russian seafood imports; and his efforts to address the Department of the Interior’s dismal implementation of his 2019 legislation to deliver Alaska Native Vietnam-era veterans the land allotments they are due.
    Finally, Sen. Sullivan also emphasized the legacy of patriotism of Alaska Native people and the critical ongoing military build-up taking place across Alaska.
    Below is a full transcript of Sen. Sullivan’s remarks.
    It’s an honor for me to be here today. AFN is certainly one of the highlights of the year for me, and for my wife, Julie, who is here in the audience today. I always look to her for my strength. She’s having a great time with her cousins and buying Christmas gifts for our family and friends.
    By the way, we are always amazed by the incredible crafts and artwork on display throughout the convention hall. To all of our skilled artisans, I want you to know I’ve just introduced two new pieces of legislation that I worked with many of you on to protect your rights as Alaska Native artists—and the next generation—to continue the centuries-old practice of using natural materials, like walrus ivory and bird feathers, in your artwork.
    That should be a no-brainer and we’re going to try and get a law passed to make sure that happens.
    I want to thank AFN leadership: Ana, Joe, and a big congratulations to Ben Mallott. We are excited about Ben’s strong leadership and his great experience with AFN. Ben, we are 100% behind you and think you’re going to do a great job here.
    And, of course, I know Julie Kitka has gotten a lot of accolades, and she deserves every single one of them. On the Senate floor back in D.C., I regularly give a speech about a special Alaskan, who we call the “Alaskan of the Week.” I try to get this every week. By the way—[there are] a lot of folks from our Alaska Native community who have been our “Alaskan of the Week.”
    So recently I gave a speech about Julie as our “Alaskan of the Week,” about her great service, and in that speech, I usually love to brag about that person, that Alaskan. But Julie Kitka, always humble, stressed that the great successes of AFN throughout her tenure were accomplished because of partnerships with all of you. She actually said when we were writing the speech, “Nothing I did was ever done alone.”
    Partnership is such a great leadership model. So, Julie Kitka, one more time—thank you for your great leadership. You’ve done such a great job.
    Alaska Travels
    As I always do, my Julie and I spent this past summer traveling to many rural Alaska communities including Saint Paul, Kotzebue, we were up on the Yukon, we were in the Ahtna region, to Nuiqsut and Utqia?vik. As always, we learned so much in our roundtable discussions, especially from our elders.
    We saw beautiful dancing. I tried to dance a little bit myself. That’s always embarrassing. We ate delicious food, met new friends and reconnected with old ones. So, again, to everybody that we were with—and it was with a lot of folks that summer—thank you for the warm, wonderful hospitality that we experienced literally everywhere we went. It is such a blessing of our Native communities.
    And as part of these travels, we were honored to attend Nalukataq in Utqia?vik.
    It’s magic when the whole community comes out to celebrate a cultural practice—subsistence whaling in this case—that Inupiat whalers have sustainably conducted for thousands of years.
    International Whaling Commission Meeting
    And this year, like six years ago, these same whaling captains were able to successfully renew—through very hard work—their quota at the International Whaling Commission (IWC) meeting in Peru.
    That is a big deal and deserves a round of applause. A really big deal. This has been a top priority of mine as your senator. As we know, success is never guaranteed at these International Whaling Commission meetings. The IWC has not always been a friend of our Alaska whaling captains. So before the big IWC meeting that was in Brazil in 2018 and in Peru this year, we all came together and put together a strategy with our whaling captains.
    We met with the U.S. State Department and NOAA to ensure the United States, as a country, had a coordinated strategy to make sure our Alaska Native whaling captains were able to get their IWC quota. That was part of the strategy. Both in 2018 and this past year in 2024, I hosted a reception in the U.S. Capitol. Here’s some photos from that.
    The goal of this reception was to invite the ambassadors, particularly from the countries that have not been friends of Alaska Native whaling, because we need their votes at this international convention. So if you see here at this convention, at one point, both in 2018 and in 2024, I looked across the reception area and literally every whaling captain had a Latin American ambassador with their arm around him.
    This is great lobbying on behalf of the IWC. And it worked! It worked because in Peru, just last month, our Alaska Whaling Eskimo Commission leaders were able to secure the first automatic quota renewal in IWC history. That is a giant triumph for Alaska Natives.
    In that regard, I want to do a big shout-out to AEWC Chair John Hopson Jr., the dynamic father-son duo of Crawford Patkotak, vice chair of the AEWC, and Josiah Patkotak, his son, the mayor of the North Slope Borough, and so many others. They all made it happen again. The children of the North Slope will look back at what the Alaska Eskimo Whaling Commission has achieved in the last 6 years and they will be grateful for decades to come.
    Salmon
    These whaling quotas are the kind of successes we can achieve when we unite behind a common mission.
    It’s more challenging, but this is also the approach I’m taking—working with so many of you—to address our salmon crisis.
    As you all know, we’ve had another banner year in terms of the strength certain salmon runs, like the Bristol Bay sockeye salmon run. But in the Yukon and Kuskokwim and other Interior rivers throughout our state, the runs have once again crashed. Representative Peltola talked very passionately about this yesterday, and our congressional delegation has always worked together to focus on these very important issues.
    I mentioned this to all of you before, but I’ll do it again. Over three decades ago, I was introduced to what salmon means to Native culture and people through my amazing wife Julie and her family’s fish camp near Hess Creek on the Yukon River. As a family, we have so many amazing memories and experiences at Julie’s family’s fish camp, particularly with our three daughters.
    And I know so many people have the same memories, learning how to head and gut and strip and smoke salmon on the banks of the Yukon, learning about their culture, about sharing, about family, about working together, about their heritage. When the Kings are running on the Yukon, it’s the most spiritual place in the world. When the fish aren’t running, and when the smoke houses are empty, it feels like something is very wrong with the universe.
    We experienced that feeling at Julie’s family’s fish camp this summer. We’re all worried—desperately worried—that a whole generation of children will miss out on this vital experience. It is soul wrenching.
    So here’s what I’m working on with all of you and, of course, with our congressional delegation.
    Alaskans can agree—we need to identify and address research prioritization gaps with comprehensive data and the best scientific minds, including Indigenous communities, to figure out the causes of these devastating salmon declines.
    That’s what my bill—the Alaska Salmon Research Task Force Act—does. This bill was passed into law. And here’s what it does. It brings the best minds in the world—state, federal, university, Indigenous, tribal—to figure out what is happening. It includes a specific working group focused on the Yukon and Kuskokwim.
    By the way, it probably doesn’t surprise you, but this bill was my wife Julie’s idea. And the Task Force report was just recently completed. This was required by the law. It’s at my booth and if you want a copy, we would love for you guys to take a look at my booth here at AFN. I want to thank so many in our Alaska Native community who took part in this Task Force and the research and the hard work of this report.
    This is what the Task Force recommends as we move forward. They call it “Gravel to Gravel,” “G to G,” which is a strategic approach that coordinates research where individual projects, regardless of whether they are led by state and federal, university, tribal or NGOs, will share information with other projects on what is happening to our salmon.
    With this critically important report now completed, my team and I will be working with all of you to build a comprehensive, well-funded salmon research program at the federal level on the goal that we all share: Achieving greater abundance and stability in our salmon stocks all across Alaska.
    Now, this won’t happen overnight, but you have my commitment that we will continue to work our hearts out on getting our salmon back in our rivers for our children, and our children’s children.
    We have to get to the bottom of this and address it. I certainly am committed to working with all of you on this.
    Another thing I know we can unite on in terms of a goal with regard to fisheries—which we’re able to achieve recently—is making sure that Russia can no longer flood America’s domestic markets with their cheap, unsustainable fish.
    After a long battle with the Biden administration, I was able to finally get them to ban Russian fish from coming into our country. When the Russians tried to circumvent this ban by sending their fish through Communist China, we shut down that loophole too. This will help all of our coastal communities, many of which are Native communities, and our Alaska fishermen.
    The Russian oligarchs say they’re in a war with Alaska’s fishermen. Well, we’re finally fighting back.
    This includes banning unsafe and often illegal Russian and Chinese trawlers who are likely contributing to depleting our own salmon runs here at home. I’m now pressing leaders from around the world—from Japan, to Canada, to Europe—to ban these fish.
    The world should want Freedom Fish from Alaska, not Communist Fish from China or Russia!
    Report on Children
    Now I want to turn to an incredibly important theme this year: Our Children, Our Future Ancestors. I really want to thank the commissioners, like Gloria O’Neil and Don Gray, and all of those who worked on “The Way Forward: Report of the Alyce Spotted Bear & Walter Soboleff Commission on Native Children.”
    To Gloria’s point during that last session, we certainly want to follow up with the work Gloria and others did in that important report. We don’t want to let that report go onto a shelf and collect dust. That report was spearheaded by legislation that Senator Murkowski wrote, that I co-sponsored. And, as Gloria and Don said, we know that the statistics are not great. As a matter of fact, they’re horrible.
    Too many Alaska Native children are experiencing poverty and abuse. Too many are in the juvenile justice system. Too many are experiencing mental health challenges.
    There have been many reports throughout the decades on the well-being of Alaska Native people. Gloria mentioned that in her comments just a few minutes ago. 30 years ago, if you look at this report my mother-in-law, Mary Jane Fate, worked on—the 1994 report that was also mandated by federal legislation. When she testified before Congress, she stated:
    “Today we find ourselves in a crisis situation. The outrageous school dropouts, high unemployment, hopelessness, and other tragic and sad endings such as the highest rates of suicides and accidents amongst our youth.”
    That was 30 years ago. The situation then was dire and still is if you look at the report that Gloria and Don just authored. But here’s the thing. We cannot lose hope. This is our youth, and we must recognize that there has been progress in the last 30 years since that last report, particularly significant improvement in education, in life expectancy, and in rates of poverty.
    So we must do more working together, and again, I want to thank Gloria and Don for their leadership.
    Mental Health
    One of the key issues in their report is resiliency. We need that, among all Alaskan kids, among all American kids. In that regard, mental health is key.
    As outlined in “The Way Forward” report, 31 percent of Alaska Natives told researchers: “My mental health is poor most of the time or always.” 21 percent of youth in the report said they had been bullied on social media or through texts.
    I know social media can be a great positive for many, particularly for those who live in Rural Alaska. But as we’re building out our historic broadband infrastructure in Rural Alaska, we need to understand that there is a very strong correlation between declining mental health and increasing social media use for all young Alaskans and for all young Americans.
    I have been very focused on this issue and can report important progress back in D.C. A few months ago, the Kids Online Safety and Privacy Act—of which I am an original cosponsor—passed the Senate with over 91 votes. “KOSA,” as we call it, gives parents significantly more control over what their kids are allowed to see online and limits harmful and addictive content that kids are bombarded with online.
    This is a good start, but we must do more to protect our children. We can have the strongest economy in the world, the best quality of life in the world, but none of that means anything if so many of our kids are depressed or considering ending their lives because of what they’re consuming online. We have to get started on this important issue.
    One Pill Can Kill
    Another issue that I’m very focused on that relates to our youth—this is a huge one—is the deadly fentanyl crisis that’s hit our state very hard, especially among our youth.
    The new numbers for 2023 just recently came out. Take a look at these slides. These numbers are shocking! The number one cause of overdose deaths in Alaska—particularly among our young people—are fentanyl overdoses, up roughly 45% from just last year. By the way, in other areas across the country these numbers are dropping dramatically. But in our state, they are continuing to surge. To surge!
    Alaska Natives account for 33% of drug overdose deaths from fentanyl last year. Our kids need to be educated about this lethal drug. That’s why my team and I, working with schools and organizations across the state, have launched the “One Pill Can Kill” campaign.
    What is it? It’s educating our youth that even a tiny, tiny bit—look at how small that is on a pencil tip—a tiny bit of fentanyl can be lethal. They need to know the drugs they buy on the streets or from friends, including marijuana, can be laced with fentanyl and can kill you. They need to know that one pill can kill.
    I would very much like to partner with AFN and other Native organizations across Alaska on this campaign. You can find information about it on my website and at my booth downstairs. But here’s the bottom line: If we can save even one young Alaskan’s life with this campaign, then it will be worth it.
    Housing
    Now, as you all know, raising healthy families with healthy children requires safe, affordable housing. Let’s face it, in pretty much every part of Alaska, especially Rural Alaska, we don’t have that.
    Last August, I hosted the Secretary of Housing and Urban Development in Alaska. A number of you were there at our roundtable that was focused on the outrageously high cost of housing in rural Alaska.
    The Secretary of HUD, she runs a big bureaucracy back in D.C. Unfortunately, we are still waiting for HUD’s recommendations on how to reduce the federal red tape that is a part of the problem of the high cost of housing in Rural Alaska. But here’s the deal. We shouldn’t have to wait. We can do so much of this ourselves.
    I’ve seen incredible innovation in housing during all of my travels throughout Rural Alaska. Last summer, Julie and I saw how Native leaders in Huslia and Hughes were building affordable, beautiful housing—just like in this photo—at much more competitive costs.
    These great leaders in our state weren’t waiting for the D.C. bureaucrats to give them permission to build. I’ll never forget in 2018, when I was in Holy Cross, talking about housing with World War II veteran Luke Demientieff and his son Leonard, a Vietnam veteran. Both are master carpenters. Leonard shared with me some wise words from an elder who had been looking out at the vast expanse of an Alaskan forest. This elder said, “There’s a house in the woods. You just have to go get it. You have to build it.”
    In other words, this community wasn’t waiting for the federal government to act. They got a sawmill and they started building. That is the kind of can-do spirit we need as Alaskans to address this housing shortage.
    Alaska Native Vietnam Veterans Allotments
    I think a number of you know that in my AFN remarks, I like to always talk about—and I certainly don’t have to remind all of you—about Alaska Native Veterans incredible patriotic history of military service to our country. Already this morning, I’ve seen several Alaska Native veterans. If you’re a veteran or a family member of a veteran, could you please stand or raise your hand to be recognized by this audience?
    You all know this, but it bears repeating: Generation after generation, Alaska Native people have served our country in the military at higher rates than any other ethnic group in America. That is what I call special patriotism, particularly when they were still facing shameful discrimination back home.
    Alaska Vietnam veterans really got hit hard. They were serving their country when, let’s face it, a lot of Americans were avoiding service. They came home, and because they were Vietnam Vets, many were treated disgracefully.
    This happened to my good friend Bill Thomas who said one day he was fishing in Haines, the next day he was in bootcamp at Fort Lewis, and then sent to the jungles of Vietnam.
    Nearly two years later, after his combat tour, Bill was flown to California, dazed, the smell of jungle still on his skin, fear still in his gut. On the way to being discharged, he had to drive past a group of protestors, yelling despicable things at him.
    On top of that, Bill, like so many other Alaska Native Vietnam veterans missed the deadline to apply for their Native allotment—the one that they were legally entitled to but missed because they were serving their country in a war overseas. His story was not unique.
    So working with many of you here—I see Benno Cleveland and others—I was able to pass my Vietnam Veterans Allotment Act in 2019 that righted this injustice. That is now the law. It gave our Alaska Native Vietnam veterans the ability to apply for a Native allotment.
    Unfortunately, the implementation of this bill has been dismal, despite Secretary Haaland’s commitment to me on making this a priority of hers.
    In the past four years, the Department of Interior has only certified 38 Alaska Native Vietnam-era [Veteran] allotments out of the over 2,000 Alaska Native Vietnam veterans who were eligible for this. That’s a disgrace and time is running out.
    That’s why I’ve introduced a new bill to extend the Alaska Native Vietnam Veterans Allotment Program for five more years, and importantly, to expand the lands available, particularly in Southeast, where we have such a high number of Vietnam veterans and where it’s been very challenging for our Vietnam veterans to get land close to their home.
    Here’s the challenge on my bill, and I’m going to need AFN’s help on this one: Every radical Lower 48 environmental group is going to come out and try to kill my bill. They don’t want Alaska Natives to have their own land and they certainly don’t want to honor our Vietnam veterans’ heroic service. We all need to fight back against them. Our cause is just. Our cause is so very just on this bill.
    I’m hoping that AFN and others—I’ve asked the Alaska Native Brotherhood, the Alaska Native Sisterhood—we can all work together and support my bill and continue to bring justice to our Alaska Native Vietnam veterans.
    Vietnam Veterans Resolution
    Finally, as it relates to our Vietnam veterans, like Bill Thomas and Benno and so many others, I was recently able to pass a Senate resolution—which, by the way, passed in the Senate unanimously—commending our Vietnam veterans for their courage and sacrifice. The resolution urges the President, on behalf of the Congress, to formally acknowledge the widespread mistreatment of our Vietnam veterans when they came back home.
    It offers a long overdue apology, and it calls for increased education in our schools, for our children, to learn about and understand and respect the courage and sacrifice of these heroes during the Vietnam War.
    Kake and Angoon
    There is another apology that I want to mention. This one also relates to our military. I think many know that I deeply respect our military. Last February, I retired from the Marines Corps after 30 years of service.
    But that doesn’t mean our military is perfect. No organization is perfect.
    I believe that in instances where our country has fallen short of our ideals and has harmed our own citizens, then an apology can be the right thing to do and it’s an important gesture for reconciliation.
    The egregious and unwarranted U.S. military assaults on the Alaska Native people of Kake and Angoon in the late 1800s is such a case.
    When Dr. Rosita Worl brought these historic wrongs to my attention, and mentioned the Tlingit people’s decades-long pursuit of recognition and an apology, I told my team in the Senate that we would work tirelessly with Alaska Native leaders to press this issue at the highest levels of the United States Navy and the Pentagon until these communities received an appropriate apology. That’s what we were able to do.
    Last month, some of you may have seen it, hopefully some of you were there, the U.S. Navy held a ceremony to present the apology in Kake—an official ceremony. There will be another ceremony in Angoon in a few days. Julie and I will be looking forward to attending.
    I am hopeful that these recognition ceremonies will help provide healing and importantly, show our youth that our country is so strong that it can admit its mistakes to become even stronger.
    Arctic and National Security
    Finally, let me turn to an issue that I have heard about from so many of you in your communities and where I want to compliment our brave Alaska-based military.
    We all know it’s becoming an increasingly dangerous world. We are in a new era of authoritarian aggression with dictators in Beijing, Moscow, Iran and North Korea on the march and working together. As Alaskans, we are on the front lines of this new Cold War. We’ve seen this with dramatically increased joint Chinese and Russian patrols in the air and on the seas, near our shores and our skies. You’ve seen these photos—Chinese bombers, Russian subs, Russian fighters near our aircraft. Very aggressive. Our military here has done a great job of protecting our country, just like Alaska Natives have done over the decades.
    Throughout history, our Alaska Native people have courageously served and defended our country. Think about it: the Alaska Territorial Guard, the Eskimo Scouts, the Tlingit code talkers. And of course, as I mentioned earlier, the super high number of Alaska Natives who serve their country in uniform. I’m absolutely confident that with this strong legacy of patriotism and service and a continued build-up of our own military here in Alaska, which I am very focused on, we as a country and as a state will once again prevail over these authoritarian dictatorships.
    Internships
    So let me end with one final plea. It’s related back to the theme of our youth and the theme of this conference. It’s just a pitch from my office. We have a very robust internship program. Representative Peltola yesterday mentioned one young Alaska Native leader, Sam Hiratsuka, who started in my office as an intern. He rose in my office, then went to Mary’s office, and just two days ago, was the youth speaker at the AFN Elders and Youth Conference. Sam is doing a great job and is showing the next generation of leaders how to lead.
    So here’s my pitch: We need more interns, Alaska Native interns. I have information at my booth, and I urge all of you to spread the word.
    We need our Alaska Native people working on Native issues in all branches of our federal government. It’s a great experience for them. They are the future, and we want to encourage that kind of service. With that, to the leadership of AFN, to Julie, and others, thank you again. My Julie and I are very honored to be here.
    We always love coming to AFN. Thank you, everybody.

    MIL OSI USA News

  • MIL-OSI Video: What Is the Informal Economy? & Sustainable Space Exploration | WEF | Top Stories of the Week

    Source: World Economic Forum (video statements)

    This week’s top stories of the week include:

    0:15 What is the informal economy? – Erika Kraemer-Mbula is an expert on alternative development paths. She says the informal economy is more prevalent than many think, two-thirds of overall employment. It touches many areas, from retail to transport, domestic care, and even creative and intellectual labour.

    4:49 Sustainable space exploration – Alice Bunn is the former head of the UK’s space agency and now leads UKspace, its space trade association. Billionaire space missions may steal the headlines, Bunn says, but the majority of space programmes benefit everyday lives all over the world.

    9:32 AI can help preserve languages – 7,168 languages are spoken in the world today. But one dies out every 40 days. 90% could fall silent forever in the next 100 years. One key problem is that generative AI is trained on just a few of the world’s languages.

    14:06 How tech can bridge access to justice – Gerald Abila was raised in Uganda in the 1980s during a period of bloody civil conflict. Abila planned on becoming an engineer. But his studies prompted the question: What’s the most powerful tool we can use to engineer a peaceful society? His answer: the law.

    _____________________________________________

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► https://www.facebook.com/worldeconomicforum/
    YouTube ► https://www.youtube.com/wef
    Instagram ► https://www.instagram.com/worldeconomicforum/ 
    Twitter ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #WorldEconomicForum

    https://www.youtube.com/watch?v=SnESC0M2xa8

    MIL OSI Video

  • MIL-OSI: Versity and INEUF.com Make a Giant Deal in the Real Estate Sector: Digital Real Estate Transformation Begins!

    Source: GlobeNewswire (MIL-OSI)

    NICE, France, Oct. 19, 2024 (GLOBE NEWSWIRE) — Versity is an innovative project established to revolutionize the real estate world with metaverse technology. Now it has taken a big step that will further consolidate its claim in the real estate sector! By acquiring INEUF.com, France’s largest real estate platform, Versity aims to bring its digital solutions to a wider audience.

    Thanks to this strategic partnership, Versity will have access to INEUF.com’s database of more than 4,000 projects and over 120,000 apartments. Moreover, INEUF.com’s extensive customer network and expert team of 320 sales consultants will meet Versity’s 3D modeling and Web 3 technologies, taking the customer experience to the next level!

    Versity’s Innovative Vision in Real Estate

    Versity’s goal is to bring transparency to the real estate industry on the metaverse, enabling users to make fast and informed decisions based on certified data. With the existing portfolio on INEUF.com’s platform and AI-powered customer relationship management systems, Versity aims to make real estate transactions much more efficient.

    Frédéric Ibanez, President of Versity, comments on this important partnership: “Nicolas Viale, founder of INEUF.com, has achieved great success in the new real estate market, creating a platform covering 80% of France. By combining this strong sales network with Versity’s 3D modeling tools, we are bringing a brand new and innovative solution to the market.”

    Building the Future Together

    This partnership will enable Versity to gain a strong position in the real estate sector. Joining forces with INEUF.com’s experienced team, Versity is taking firm steps towards becoming a platform that shapes the future by accelerating digital transformation in the real estate world. Versity aims to usher in a new era in the sector by offering innovative solutions to its users in both the virtual and physical worlds.

    This strategic move of Versity draws attention as one of the concrete steps taken to realize its vision for the real estate sector in the metaverse.

    X: https://x.com/HelloVersity
    Website : https://versity.io/en
    Youtube: https://www.youtube.com/watch?v=eXiqMB0tgBg
    Telegram : https://t.me/HelloVersity

    Contact:
    Frederic Ibanez
    presse@versity.io

    Disclaimer: This content is provided by Versity. 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/30633a57-d1d2-41dc-8cbd-39afab466a61

    The MIL Network

  • MIL-OSI: Metaverse Rising Again: Versity Adds Kuwaiti Royal Advisor to its Team and Prepares to Grow in the Middle East!

    Source: GlobeNewswire (MIL-OSI)

    NICE, France, Oct. 19, 2024 (GLOBE NEWSWIRE) — Offering revolutionary digital solutions in the real estate industry, Versity has added a new one to its strategic cooperation and innovative steps. After acquiring France’s largest new real estate platform INEUF.com, Versity has now announced the addition of Hassan F. Beidas, Advisor to the Kuwaiti Royal Family, to its team to lead its expansion and investment strategies in the Middle East.

    Versity’s Growing Portfolio with Strong Investments in the Middle East

    Hassan F. Beidas has been an advisor to the Kuwaiti Royal Family for over 12 years and has been instrumental in managing large financial investments in the region. Beidas, who is also the Managing Director of the Arab Trade and Real Estate Office, will be an important guide in Versity’s global growth journey. This cooperation paves the way for Versity to expand its portfolio and create a wider space in the international market with significant investments coming from Kuwait.

    Strong Positioning in the Middle East and Europe Market with INEUF.com and Versity Cooperation

    Versity recently acquired INEUF.com, which has a database of more than 4,000 real estate projects and over 120,000 apartments for sale across France. INEUF.com’s extensive customer network and team of expert consultants will strengthen Versity’s digital real estate solutions and provide a solid foundation for growth in the Middle East. Versity aims to provide innovative services from Europe to the Gulf region by increasing efficiency through AI-powered customer relationship management tools.

    Comment on the Collaboration by Frédéric Ibanez, President of Versity

    “We are honored to have Mr. Hassan F. Beidas join our team. His knowledge of international markets and strong investment network will contribute greatly to achieving our global growth targets. I would also like to take this opportunity to express my sincere thanks to His Highness Sheikh Duaij Jaber Ali Al Sabah of the Kuwaiti Royal Family for his sincere support. This collaboration opens the door to a new era for Versity,” said Frédéric Ibanez.

    About Versity SA:
    Versity SA is a technology company listed on Euronext Access, developing innovative digital solutions for the real estate industry. Integrating 3D and Web3 technologies, Versity aims to revolutionize the real estate industry by bringing real-world interactions to the digital world.

    About INEUF.com:
    INEUF.com, France’s largest new real estate marketplace, offers more than 4,000 programs and a portfolio of more than 120,000 apartments for sale. With a network of 320 consultants, the company is the market leader in new real estate programs and investment property sales in France and French overseas territories.

    X: https://x.com/HelloVersity
    Website : https://versity.io/en
    Youtube: https://www.youtube.com/watch?v=eXiqMB0tgBg
    Telegram : https://t.me/HelloVersity

    Contact:
    Frederic Ibanez
    presse@versity.io

    Disclaimer: This content is provided by Versity. 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.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/5e1b3107-6aae-4151-8cdb-56ecdecf2782

    https://www.globenewswire.com/NewsRoom/AttachmentNg/972742cf-7c0b-4134-ae4c-51628cb71c3e

    The MIL Network

  • MIL-OSI USA: Striking IAM Union Members to Vote on New Contract Proposal from Boeing

    Source: US GOIAM Union

    SEATTLE – Striking workers at Boeing have been gaining momentum and support from key allies in recent days, and now have received a new contract proposal from the company. More than 33,000 members of the International Association of Machinists and Aerospace Workers (IAM) at Boeing locations in Washington state, Oregon, and California have been on strike since Sept. 13. 

    Details of the negotiated resolution can be found here: http://www.iam751.org/2024StrikeProposal

    On Saturday, Oct. 19, IAM District 751 and W24 members received details of a new proposal from Boeing, which included the following terms:

    • Wages: A 35% general wage increase spread over 4 years (12% in Year 1, 8% in Year 2, 8% in Year 3, and 7% in Year 4).
    • Incentive Pay: The Aerospace Machinists Performance Plan or AMPP incentive plan is reinstated, with a guaranteed minimum annual payout of 4%. Including 2024 payout in February, 2025. 
    • Retirement: Company 401(k) match increased to 100% of the first 8% contributed, in addition to a Special Company Retirement Contribution of 4% guaranteed company contribution. Additionally, there is a one-time $5,000 contribution to each unit member’s Boeing 401(k).
    • Pension: The Boeing Company Employee Retirement Plan (BCERP) multiplier benefit increases to $105 for vested employees.
    • Ratification Bonus: A one-time bonus of $7,000.
    • Sick Time Call-Out: Reverts to the existing contract language’ call in before shift language removed from contract.

    IAM members will vote on whether to accept the proposal on Wednesday, Oct. 23, in locations to be announced later. Details of the potential strike settlement — including the date on which workers would return to work if the vote passes — will be part of the vote.

    On Tuesday, Oct. 15, the union was joined by U.S. Sen. Maria Cantwell, U.S. Rep. Pramila Jayapal, and other leaders at their Seattle union hall for an energetic rally, during which the resolve and strength of the members was underscored from the stage and the crowd. 

    Meanwhile, Acting U.S. Labor Secretary Julie Su met with union and company officials this week, helping to spur further discussions.

    Following many years of making financial sacrifices to keep the company afloat, IAM members have sought to regain some of the lost ground of the last 10 years, and to improve job security protections, overtime rules, and decrease their share of health insurance costs, among other priorities.

    IAM District 751 President Jon Holden and IAM District W24 President Brandon Bryant released the following joint statement, reiterating some of the key goals of the strike and pointing to its role in moving the company to improve upon its prior proposals:

    “The fact the company has put forward an improved proposal is a testament to the resolve and dedication of the frontline workers who’ve been on strike – and to the strong support they have received from so many. This proposal will be carefully reviewed and voted upon by the frontline workers of Boeing whose dedication to their communities and families have made this company successful in the past. The workers will ultimately decide if this specific proposal is sufficient in meeting their very legitimate needs and goal of achieving respect and fairness at Boeing. Like many workers in America, IAM members at Boeing have sacrificed greatly for their employer, including during the pandemic when these workers were reporting to the factory as executives stayed at home. These workers deserve to have all of those sacrifices recognized.”

    The International Association of Machinists and Aerospace Workers (IAM) is one of North America’s largest and most diverse industrial trade unions, representing approximately 600,000 active and retired members in the aerospace, defense, airlines, railroad, transit, healthcare, automotive, and other industries. 

    goIAM.org | @MachinistsUnion

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    MIL OSI USA News

  • MIL-OSI Canada: Advancing agricultural trade relationships

    Source: Government of Canada regional news

    Alberta’s agri-food industry is driven by exports and continues to set consecutive records for agricultural exports, which were valued at $17.9 billion in 2023. The United States is Alberta’s top export market for agriculture and agri-food products, and Mexico is the fourth-largest export market.

    To further strengthen trade relations between Canada, the United States and Mexico, Minister Sigurdson will serve as the Canadian delegation lead at the 2024 Tri-National Agricultural Accord in Arlington, Virginia from Oct. 21 to 23. The annual event is an opportunity for senior provincial and state agricultural officials and industry representatives to come together and work collectively on agricultural trade, market challenges and development issues.

    “The accord represents a longstanding commitment among our three nations to collaborate and advance agricultural trade and development within North America and abroad. I’m honoured to lead the Canadian delegation and work together with our trading partners and industry representatives to maintain a resilient, integrated agricultural sector that’s renowned for bringing high-quality products to the world.”

    RJ Sigurdson, Minister of Agriculture and Irrigation

    Throughout the accord, Minister Sigurdson will continue to build and enhance intergovernmental relations while engaging with key elected and appointed officials from the United States and Mexico. During sessions, he will reaffirm Alberta’s and Canada’s commitment to an integrated and economically viable North American agri-food economy. The minister will also advocate for the agricultural industry in Alberta and Canada, while exploring opportunities to expand trade into new and emerging markets.

    Minister Sigurdson will be accompanied by one staff member and three department representatives. Expenses will be posted on the travel and expense disclosure page.

    Itinerary for Minister Sigurdson

    Oct. 20

    • Minister Sigurdson travels to Arlington, Virginia

    Oct. 21-23

    • Meet with leaders and participate in the Tri-National Agricultural Accord

    Oct. 23

    • Travel to Alberta

    Quick facts

    • Canada and the U.S. share one of the largest bilateral agricultural trade relationships in the world with C$91.9 billion in total agricultural trade in 2023.
      • The U.S. remains Alberta’s largest agri-food export market and accounted for almost 50 per cent of the province’s $17.9 billion in agriculture and agri-food exports in 2023.
      • In 2023, top exports to the U.S. included beef ($3.1 billion), canola/mustard oil (crude) ($1.2 billion), live cattle ($992 million) and processed potatoes ($717 million).
    • In 2023, Alberta-Mexico bilateral agricultural trade was $1.2 billion.
      • Mexico is Alberta’s fourth-largest agri-food export market, following the U.S., China and Japan.
      • In 2023, agriculture and agri-food accounted for about 83 per cent ($749 million) of Alberta’s total exports to Mexico.
      • That year, top exports to Mexico included beef ($258 million), canola seed ($219 million), wheat ($114 million), pork ($49 million) and malt ($36 million).
      • In 2023, Alberta’s imports from Mexico were valued at $437.5 million with fruits and vegetables comprising 83 per cent of these imports.

    MIL OSI Canada News

  • MIL-OSI Canada: Joint Declaration by G7 Defence Ministers to reaffirm common determination to address security challenges

    Source: Government of Canada News

    We, the G7 Defense Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States of America, and the High Representative of the European Union, with the participation of the NATO Secretary General, have gathered in Naples to reaffirm our enduring unity and common determination to address, in a cohesive and concrete manner, security challenges, at a time in history marked by great instability.

    October 19, 2024 – Naples, Italy – National Defence / Canadian Armed Forces

    Preamble

    We, the G7 Defense Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States of America, and the High Representative of the European Union, with the participation of the NATO Secretary General, have gathered in Naples to reaffirm our enduring unity and common determination to address, in a cohesive and concrete manner, security challenges, at a time in history marked by great instability.

    In this spirit, we strongly reaffirm our commitment to promote respect for the United Nations Charter, to implement tangible measures to help safeguard peace and security, and to oppose any action aimed at undermining the free and open rules-based international order.

    We:

    • reiterate our unwavering support for Ukraine, which has for nearly three years defended itself against Russia’s brutal and full-scale illegal war of aggression. We condemn Russia, which has put in place a posture of confrontation and destabilization on a global scale, also resorting to hybrid warfare and the irresponsible use of nuclear rhetoric;
    • believe that the G7, along with other international partners, can play a key role in the process of achieving a comprehensive, just and lasting peace in line with international law, with respect for Ukraine’s sovereignty, independence and territorial integrity. This cannot be done without continuing to work to achieve the widest possible international support for Ukraine, fostering a renewed sense of trust, based upon the inclusion of like-minded countries;
    • commit to identifying cooperative solutions to address the growing need for defense industries to be able to sustain a high pace of production, work on building and strengthening resilient and reliable defense industry, including on issues related to supply needed for Defense;
    • recognize the need for a more cooperative approach in defense-related research and development, also in terms of sharing and leveraging expertise and knowledge, while fostering a safe environment to prevent malign access, in order to maintain competitive advantage, including in the field of emerging and disruptive technologies;
    • acknowledge the relevance of finding effective solutions to ensure the extended sustainability of military operations and proper regeneration of forces;
    • are also committed to containing and countering information manipulation and the spread of misinformation and disinformation;
    • condemn Hamas’ brutal terrorist attack on Israel on October 7th, 2023, which has unleashed a spiral of violence that threatens the entire Middle Eastern region;
    • are united in supporting the need for an immediate ceasefire in Gaza, the release of all hostages, a significant and sustained increase in the flow of humanitarian assistance throughout Gaza and a sustainable pathway to a two-state solution;
    • are concerned by the latest events in Lebanon and the risk of further escalation. We express concern over all threats to UNIFIL’s security. The protection of peacekeepers is incumbent upon all parties to a conflict. We also reaffirm the importance of supporting UNIFIL and the Lebanese Armed Forces in their role of ensuring the stability and security of Lebanon.
    • condemn the attacks perpetrated by the Houthis against maritime shipping transiting the area including the Red Sea, Bab el Mandeb Strait and Gulf of Aden, reaffirming the right to preserve freedom of navigation, protect shipping lanes and defend ships and personnel, in accordance with international law and UNSCRs 2722 and 2739;
    • condemn Iran’s direct military attack against Israel on 13 April and 1 October, 2024, and call on Iran to refrain from providing support to Hamas, Hezbollah, Houthis and other non-state actors, and taking further actions that could destabilize the region and trigger an uncontrolled process of escalation;
    • express our concerns about strategies pursued by some state actors towards Africa, including predatory economic practices, and disinformation, that create instability;
    • reaffirm our commitment to the strengthening of the stability and security of African countries, stressing the importance of an integrated approach, through practical and coordinated actions with African partners in the field of peace, security and defense, notably in the areas of capacity building, security and defense sectors reform, as well as interoperability. In this sense, we look forward to bilateral and multilateral partners’ initiatives on the “southern neighborhood”, including EU and NATO activities;
    • recognize that climate change is a defining challenge with a profound impact on our security that can aggravate demographic, economic, and political challenges to peace and stability worldwide, and especially in the most vulnerable countries;
    • reaffirm that the multilateral system, with the United Nations and its Charter at the center, must be strengthened. We are committed to take the necessary actions adopted at the UN Summit of the Future and to continue to support and adapt UN Peace Operations as a critical tool to maintain international peace and security; 
    • reaffirm our commitment to a free and open Indo-Pacific, whose crucial role in global prosperity and security we recognize, and our commitment to fostering our security and defense partnerships with Indo-Pacific countries;
    • reaffirm that maintaining peace and stability across the Taiwan Strait is indispensable to international security and prosperity;
    • express our serious concern about the situation in the East and South China Seas and reiterate our strong opposition to any unilateral attempts to change the status quo by force or coercion, including in the maritime and air domains;
    • express our deep concern at China’s support to Russia, which is enabling Russia to maintain its illegal war in Ukraine and has significant and broad security implications, as well as the strengthening of military cooperation between China and Russia;
    • condemn the continued development of North Korea’s nuclear and ballistic missile programs, in direct violation of relevant UNSCRs, and express our concern about its increasing military cooperation with Russia.

    Support to Ukraine

    Since Russia’s full-scale invasion of Ukraine, we, the G7 with NATO, have played a central role in supporting Ukraine’s right to self-defense in order to counter Russia’s aggression, to achieve a comprehensive, just and lasting peace in Ukraine, reaffirming the primacy of international law, including the UN Charter and the principle of the inviolability of national sovereignty.

    We reaffirm our unwavering support for the freedom, sovereignty, independence and territorial integrity of Ukraine for as long as it takes.

    We continue to condemn in the strongest possible terms Russia’s blatant breach of international law, including the UN Charter, its repeated and deliberate attacks against civilian and critical infrastructures, the use of actions of hybrid warfare, as well as Russia’s irresponsible nuclear rhetoric.

    We believe that Russia’s aggression against Ukraine is posing a threat to international security, the purposes and principles of the UN Charter and the rules-based international order.

    We support Ukraine’s right to self-defense and reaffirm our commitment to Ukraine’s long-term security, including by implementing bilateral security commitments and arrangements based on the G7 “Joint Declaration in support of Ukraine” signed in the margins of the NATO Vilnius Summit, bilateral security agreements and arrangements signed with Ukraine, and the Ukraine Compact endorsed in the margins of the NATO Washington Summit.

    We therefore reaffirm the importance of synergy and coherence between the support provided by NATO, the EU and on a bilateral or multilateral basis. In this regard, we support the mechanism of enhanced political consultations between Ukraine and the Alliance established with the NATO-Ukraine Council. We support the assistance initiatives of the EU and NATO, including the military support through the European Peace Facility, the EU Military Assistance Mission for Ukraine, negotiations for Ukraine’s accession to the European Union, and the NATO Security Assistance and Training for Ukraine. We also support the Ukraine Defense Contact Group, including the work of its Capability Coalitions, and recall the launch of the Ukraine Compact at the NATO Washington Summit. We welcome initiatives aimed at supporting Ukrainian defense industry and innovation, which are instrumental to enable Ukraine’s self-defense.

    We underscore our intent to continue to provide assistance to Ukraine, including military assistance in the short and long term. We support Ukraine on its irreversible path to full Euro-Atlantic integration, including NATO membership.

    We consider it imperative to continue supporting the education and training needs of the Ukrainian Defense and Security Forces in the short and long term, given the need for force regeneration and reconstitution. We welcome NATO’s and EU’s respective efforts through NATO Security Assistance and Training for Ukraine and EU Military Assistance Mission in support of Ukraine, which will provide support also to the long-term development and reform of Ukraine’s Armed Forces, including military assistance. In coherence with Apulia G7 Leaders’ Communiqué, Extraordinary Revenues stemming from immobilized Russian sovereign assets, held in the EU and other relevant jurisdictions, will be used for supporting Ukraine, including military, budgetary and reconstruction assistance in the short and long term, as consistent with G7 members’ respective legal systems.

    We consider it a priority to work now to find solutions to create a Ukrainian military interoperable with supporting member states and NATO, capable of defending Ukraine now and deterring further attacks in the future. This process must be based on coordinated and sustained actions across relevant state and international actors.

    We reiterate that our ultimate goal remains a comprehensive, just and lasting peace in accordance with international law, as set out in the UN Charter and its principles, that ensures respect for Ukraine’s sovereignty and territorial integrity.

    Middle East

    We express our concern about the escalation in the Middle East. 

    We reiterate our firm condemnation of the brutal terrorist attacks perpetrated by Hamas on 7 October 2023. We call for an immediate ceasefire and the prompt release of all hostages. This attack has triggered a spiral of violence, also involving Israel and Hezbollah, deeply affecting civilians. A dangerous cycle of attacks and retaliation risks fueling uncontrollable escalation in the Middle East, which is in no one’s interest. We encourage all parties to engage constructively to de-escalate current tensions and emphasize the importance for all parties to act in accordance with international law, including international humanitarian law.  We reiterate the absolute need for the civilian population to be protected and that there must be full, rapid, safe, and unhindered humanitarian access, as a matter of absolute priority.

    The conflict in the Gaza and the dramatic humanitarian crisis have highlighted the need to start a political process necessary to avoid further military escalation and achieve a stable and lasting security situation. We therefore reaffirm the need to continue working towards a lasting ceasefire in Gaza, a stable security situation, and an increased and unimpeded flow of humanitarian aid to the innocent civilian population.

    We welcome UNSCR 2735 and reaffirm our commitment to support a political process towards achieving a two-state solution, as the only option for ensuring the long-term peaceful coexistence of Israelis and Palestinians, addressing both Israel’s legitimate security needs, alongside a sovereign, viable and democratic Palestinian state.

    We commend initiatives to train and advise Palestinian Authority security forces, and support the broader reform of the security and judiciary building on the positive experience of successful capacity building initiatives, including those for the Palestinian Civil Police, an improvement for the Palestinian people.

    We reaffirm the need to identify, with other partners, within the framework of the relevant international organizations, viable solutions for post-conflict stabilization, governance and security, and in this regard we stand ready to support, when security conditions permit, post-war initiatives aimed at stabilizing the region.

    We support the restoration of security and stability on the Lebanon-Israel border, including the protection of local populations.

    We are concerned by the latest events in Lebanon and the risk of further escalation. We reiterate our call for a full cessation of hostilities consistent with the full implementation of UNSCR 1701 and a diplomatic solution to the fighting, recognizing the fundamental stabilizing role of the Lebanese Armed Forces and reaffirming the essential role of UNIFIL. We express concern over all threats to UNIFIL’s security. The protection of peacekeepers is incumbent upon all parties to a conflict.

    We unequivocally condemn Iran’s ballistic missiles large-scale attacks against Israel and emphasize the importance for all parties to act in accordance with international law, including international humanitarian law.

    We unequivocally reiterate commitment to the security of Israel.

    We express our deep concern at the intensification of military cooperation between Iran and Russia, including in the supply of ballistic missiles, UAVs, military equipment and sensitive technology, aimed at circumventing the sanctions regime.

    We are committed to maintaining freedom of navigation, protecting sea-lanes and defending seafarers and ships from attacks by Houthis in the Red Sea, Arabian Sea and Gulf of Aden, in line with the UNSCR 2722. We call on the Houthis to immediately cease their escalatory measures that increase regional instability, and immediately release the vessel “Galaxy Leader” and its crew. We welcome the significant contributions of the G7 to maritime security initiatives in the region. 

    We also believe it is crucial to prevent the conflict from spreading across the region. We call on all parties to avert an all-out war, a situation that would irreversibly destabilize the entire region and project further tension and instability around the world.

    Africa

    We believe that the African continent and the G7 share great potential for partnership and shared objectives, aware that the complex balances and the combined effects of growing demographics and climate change imply the need for an ongoing and shared development agenda.

    We express our commitment to support the governments of African countries in setting the conditions that form the basis of sustained security, stability, and prosperity.

    We recognize the significant impact several state and non-state actors have had on the economy and security of Africa. However, some aspects of this unbalanced influence have led to poor environmental, social and governance standards, supply chain dominance, debt unsustainability and labor and transparency concerns. The G7 endorses fair defense and economic partnerships that are mutually beneficial and equitable, through cooperation with African countries and its regional organizations.

    We will continue our commitment to supporting peace, prosperity and stability in Africa, including within the EU integrated approach, combining different foreign policy tools, including civilian and military Common Security and Defence Policy missions and operations.  Moreover, we welcome the assistance measures provided to African partners under the European Peace Facility, as a critical enabler of African ownership by strengthening the capacity of African Armed Forces and supporting African-led peace support operations. We see training, interoperability, the development of common protocols, the exchange of personnel and NATO’s Defence and related Security Capacity Building activities as effective tools for creating the right conditions for fostering security.

    Indo-Pacific

    We affirm our commitment to a free and open Indo-Pacific, based on the rule of law and upholding the principle of the peaceful resolution of disputes without resorting to the threat or use of force. The region is central to global growth, geopolitical developments and military balance.

    The importance of the Indo-Pacific goes beyond the economic dimension alone, with many developed and developing countries having direct interests in promoting peace, security and prosperity in the region, including through defense and security partnerships.  We seek constructive and stable relations with China and recognize the importance of direct and candid engagement to express concerns and manage differences, particularly with regards to international peace and security.

    We express our serious concern about the situation in the South and East China Seas, and as stated in the Apulia G7 Leaders’ Communiqué, we reiterate our strong opposition to any unilateral attempts to change the status quo by force or coercion.

    There is no legal basis for China’s expansive maritime claims in the South China Sea, and we are strongly opposed to China’s repeated obstruction of freedom of navigation, militarization of disputed features and coercive and intimidating activities, as well as the dangerous use of Coast Guard and maritime militia vessels in the South China Sea.

    We reaffirm the universal and unified character of the UN Convention on the Law of the Sea and reaffirm its important role in setting out as the legal framework that governs activities in the oceans and the seas. We also reiterate that the award rendered by the Arbitral Tribunal on July 12, 2016, is legally binding upon the parties to those proceedings. 

    We reaffirm that maintaining peace and stability across the Taiwan Strait is indispensable to international security and prosperity. We are concerned about provocative actions, particularly the recent People’s Liberation Army military drills around Taiwan. There is no change in the basic positions of the G7 members on Taiwan, including stated one China policies. We call for a peaceful resolution of cross-Strait issues.

    We express our deep concern at China’s increasing support to Russia’s war economy, and call on China to cease the transfer of dual-use materials, including weapons components and equipment that are substantial inputs for Russia’s defense sector which are enabling Russia to maintain its illegal war in Ukraine. We express our concern about destabilizing actions resulting from the strengthening military cooperation between China and Russia.

    We condemn North Korea’s nuclear and ballistic missile programs. We reiterate our call for a complete, verifiable and irreversible dismantlement of all North Korea’s weapons of mass destruction and ballistic missile programs. We also condemn the increasing military cooperation between North Korea and Russia, including North Korea’s export and Russia’s procurement of North Korean ballistic missiles in direct violation of relevant UNSCRs, as well as Russia’s use of these missiles against Ukraine. We are concerned about the potential for any transfer of nuclear or ballistic missile-related technology to North Korea, which also violates relevant UNSCRs. 

    In this sense, acknowledging the relevance of the stability of the Indo-Pacific region to global dynamics, we are committed to coordinating our respective security and defense presence in the area, aimed at ensuring that regional security is preserved in accordance with international law.

    We are committed to continue the dialogue with all partners in the region, as well as exploring increased participation in regional exercises and further operational cooperation in the region to deal with growing regional security challenges.

    Defense readiness  

    We recognize these interconnected security challenges and acknowledge the need to respond decisively, including by continuing to strengthen the defense industry, encouraging robust engagement and industrial cooperation with partners. We welcome complementary initiatives launched in NATO and the EU. 

    We recognize the importance of ensuring reliable, predictable and stable access to finance for defense industries, acknowledging the specificities of the defense sector, fully taking into account sustainable finance policies, regulations, reporting and standards. We envisage greater cooperation, coordination and synergy aimed at a strong, responsive, secure, competitive and resilient defense industrial capacity and production. We will work on exploring multinational cooperation on efficient procurement, and aggregating demand to improve efficiencies. We consider it of paramount importance to keep our military edge through the responsible research and development and prompt adoption of new technologies, especially those in the emerging and disruptive technologies domain.

    We highlight the relevance of an in-depth dialogue among G7 members on the challenges and opportunities for industrial resilience, work on building and strengthening resilient and reliable defense industry, including on issues related to supply needed for Defense.

    We will continue working to improve interoperability, building upon the shared standards already in place.

    We recognize the need to reduce heavy reliance on fossil fuels, and minimize and mitigate emissions, sharing best practices on energy transition, in order to preserve interoperability, protecting military effectiveness, and manage risks and vulnerabilities.

    We acknowledge the need to share best practices about how to ensure buy-in and involvement from society, also to generate a credible and skilled workforce as a pillar of deterrence and defense. We recognize the importance of continuing to discuss and share each G7 member’s efforts to strengthen defense readiness.

    Conclusions

    We, the G7 Defense Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States of America, and the High Representative of the European Union, with the participation of the NATO Secretary General, reaffirm our commitment, enduring unity and shared determination to address international security challenges together, in cooperation with international organizations and partners who share our respect for, and commitment to, the rules-based international order and international law, including the UN Charter. 

    MIL OSI Canada News

  • MIL-OSI USA: Senator Collins Congratulates Distinguished Alumni, Faculty of UMaine School of Forest Resources

    US Senate News:

    Source: United States Senator for Maine Susan Collins
    Published: October 19, 2024

    Click HERE, HERE, and HERE for individual photos
    Orono, ME – U.S. Senator Susan Collins delivered remarks at an event for alumni and friends of the University of Maine’s School of Forest Resources (SFR). At the event, awards were presented to distinguished alumni and faculty of the SFR.
    “UMaine’s School of Forest Resources has long been a leader in forest innovation, and I’m proud to support their efforts, which are critical to Maine’s economy and environment,” said Senator Collins. “This event was a wonderful opportunity to recognize the contributions of Dr. Fernandez, Dr. Gardner, and all the SFR alumni and faculty who have helped to advance forest research and education, strengthening both our state and this vital industry.”
    The SFR presented Dr. Ivan Fernandez (UMaine Ph.D. ’81) with their 2024 Distinguished Alumni Award. Dr. Douglas Gardner (UMaine B.S. ’80) was also recognized for his retirement from the SFR faculty. Senator Collins received an honorary SFR Distinguished Alumni Award for her continued support for forest resource research and innovation at the University.
    In the past three funding cycles, Senator Collins has secured more than $40 million in Congressionally Directed Spending for forest resource-related projects at the University of Maine. This includes funding for the Advanced Structures and Composites Center, the Forest Biomaterials Innovation Center, the Sawmill Training and Education Center, and the Soil Testing Service Lab.

    MIL OSI USA News

  • MIL-OSI USA: Congresswoman Wilson Presents $500,000 Check to Support Arts-Based Youth Based Mental Health Initiative, “I Am Me, at Adrienne Arsht Center

    Source: United States House of Representatives – Congresswoman Frederica S Wilson (24th District of Florida)

    On Saturday, Congresswoman Frederica Wilson (FL-24) visited the Adrienne Arsht Center to present a check of $500,000 to support the “I am Me,” an Arts-Based Youth Mental Health Initiative in Miami-Dade County.  Launched in early 2022, “I am Me” is a theatrical production and interactive workshop, produced and presented by the Arsht, that travels within M-DCPS, aiming to engage up to 25,000 high schoolers each year. This initiative is designed to support teenagers by offering resources to enhance their mental health. This funding was a part of the Congressional Appropriations for the Fiscal Year of 2023. 

    Congresswoman Frederica Wilson said, “Initiatives like ‘I Am Me’ are impactful resources that leverage the arts to foster mental health and resilience, and we need to see more of this. It’s a strengthen to seek help, not a weakness and supporting these programs provides our children with the necessary resources to thrive. I would like to express my gratitude to the Adrienne Arsht Center for leading this initiative and striving to build a healthier, more hopeful future for all young people.”

    “I am Me” serves as the first arts-driven mental health initiative of its kind.

    “The Arsht is grateful that Congresswoman Wilson shares our belief that the arts can be a powerful tool for understanding ourselves and each other. I am Me is an important mental wellness initiative that can help spark important conversations among teens about mental health, and we are grateful to have the financial support to allow the Arsht to offer this experience to every Miami-Dade high school each season.” Johann Zietsman, President and CEO, Adrienne Arsht Center for the Performing Arts of Miami-Dade County, said.

    “I am Me” has received the praised and accommodation of students on cast writers alike. For example, Director of “I am Me” and playwright Teo Castellanos said, “‘I am Me’ calls for the attention we need to place on our young people.” One M-DCPS student, Isaiah Marcelin, said “The show has definitely inspired me to be more open about my emotions, inner thoughts and feelings.”

    Following the check presentation, attendees enjoyed a free performance as part of the Arsht Center’s Free Family Fest featuring “The Busy Bees’ Great Adventure,” created to inspire responsible environmental citizenship.

    “I am Me” is one of 12 education programs offered by the Arsht Center and serving 80,000 students each year. To learn more about Arsht Impact programs, visit arshtcenter.org/education

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    MIL OSI USA News

  • MIL-OSI Australia: Criminals sentenced as Taskforce catches million-dollar fraudster

    Source: Ministers for Social Services

    Three people have faced court for defrauding the National Disability Insurance Scheme (NDIS) while another disability provider awaits sentencing as the Fraud Fusion Taskforce (FFT) clamps down on criminals looking to exploit the Scheme.

    These latest fraud cases have come before the courts as the National Disability Insurance Agency’s (NDIA) has boosted its internal payment systems to further safeguard the Scheme. The $83.9 million Crack Down on Fraud program is already yielding results, with integrity uplifts resulting in more than $75 million in payments being stopped since July 2024.

    The most recent court cases have seen four people – from three separate matters across two states – face court and plead guilty to charges of ripping off the NDIS.

    They include:

    • A North-West Sydney registered NDIS provider pleading guilty to fraud-related offences totalling more than $1 million. She will be sentenced in coming months.
    • A Western Sydney individual sentenced to 10 months’ jail for ‘Dealing with Proceeds of Crime’ with a fraud value of $69,000. The man had been an NDIS participant before having his access to the Scheme revoked. It was found he had colluded with family members – who had been operating as a disability provider – to defraud the NDIS. Those additional family members will face sentencing over their role in this matter in the coming months.
    • Two people in Victoria’s Gippsland region sentenced to community correction orders and community work for creating false invoices to defraud an NDIS plan, in a FFT operation that saw Victoria Police and NDIA investigators work together.

    The NDIS Minister, the Hon. Bill Shorten MP, said these cases were a timely reminder of the NDIA enhanced capability to detect and prevent fraud against the Scheme.

    “The Albanese Government has been focused on fraud in the Scheme since being elected, and has invested accordingly to ensure people looking to exploit the NDIS are caught and prosecuted,” Minister Shorten said.

    “For anyone out there still thinking they might be able to rip off participants and the NDIS, think again.

    “The establishment of the Fraud Fusion Taskforce means you’re taking on the collaborative power of 21 Commonwealth agencies, as well as state-based police, working together. For any dodgy provider doing the wrong thing, I guess the question you have to ask yourself is: Do you feel lucky?”

    “Providers need to understand that they can’t be ‘half honest’. If the NDIA suspects something might be dodgy about a submitted claim, the Agency won’t pay it and will make enquiries,” Minister Shorten said.

    “If fraudulent activity is detected, its first priority is ensuring participant safety and welfare – meaning the Agency will move participants to alternative providers – and may then launch an investigation into the provider.

    “Pleasingly, the disability community is playing its part. Tip-offs have more than doubled since we introduced the Taskforce, with more than 5,000 tip-offs received so far this financial year.”

    People can report fraud or non-compliance by filling in the online tip-off form, calling the NDIS Fraud Reporting and Scams Helpline on 1800 650 717 or emailing fraudreporting@ndis.gov.au.

    MIL OSI News

  • MIL-Evening Report: Indonesia’s new president, Prabowo Subianto, finds democracy ‘very tiring’. Are darker days ahead for the country?

    Source: The Conversation (Au and NZ) – By Tim Lindsey, Malcolm Smith Professor of Asian Law and Director of the Centre for Indonesian Law, Islam and Society, The University of Melbourne

    Former General Prabowo Subianto will be sworn in as Indonesia’s eighth president today. Twenty-five years ago he was a pariah, and for good reason.

    He faced accusations of human rights abuses in Papua and East Timor, and in 1998, special forces troops under his command had abducted democracy activists in Jakarta, 13 of whom have never been seen again. Those who did return had been tortured.

    The students had been calling for the resignation of President Soeharto, Prabowo’s father-in-law, who finally stepped down in May 1998 after widespread rioting that many believe Prabowo helped engineer. Then, backed by troops under his command, Prabowo tried to storm the presidential palace, gun in hand, to threaten the new president, BJ Habibie.

    Prabowo never went on trial for the disappearances of the activists, though he was banned from travelling to the United States for two decades.

    And his cherished military career quickly ended – he was dismissed from the army for “misinterpreting orders”. Disgraced, and seen as embodying the violence and repression of Soeharto’s regime, Prabowo went into voluntary exile in Jordan. It seemed he had no future in the democratic Reformasi (reformation) system that began to emerge from the ruins of the repressive New Order.

    But Prabowo was far from finished. His rehabilitation and extraordinary climb to the presidency may now signal the end of Indonesia’s fragile, aspirational liberal democracy and a return to the New Order model.

    The end of Reformasi?

    It is clear enough that Prabowo has no enthusiasm for democracy. He has said, for example, that it “very, very tiring” and “very, very messy and costly”.

    Gerindra, the political party he founded and leads, even has, as its number one mission statement, a return to the Constitution “as stipulated on 18 August 1945”. This is the authoritarian original version of the Constitution that Soeharto relied on to rule. It did not guarantee human rights or a separation of powers, and it gave huge power to the president, who was not elected and had no term limit.

    This Constitution was amended after Soeharto fell to bring in a liberal, democratic model. So, a return to the original 1945 Constitution would in itself likely end Indonesia’s hard-won, if troubled, democracy.

    But Prabowo may not need to go this far to enjoy the sweeping power his former father-in-law exercised. Many of the elements of the New Order are already in place. Much of the work of dismantling Indonesia’s liberal democracy has already been done by the outgoing president, Joko Widodo (Jokowi), whose son, Gibran Rakabuming Raka, is now Prabowo’s vice president.

    For example, a key pillar of the New Order was “dual function”, a doctrine that allowed serving military members to take civilian posts, allowing them to dominate the government. This was abolished after Soeharto fell.

    But amendments to the civil service law passed last October again allow active members of the army and police to occupy civilian positions. Proposed amendments to the Indonesian National Army (TNI) Law now being debated could expand this. When questioned about the army’s return to civilian life, the armed forces commander welcomed the changes, saying the army would not be exercising a “dual function” but a “multi-function”.

    Likewise, under Soeharto, repressive laws tightly restricted press freedom. Now, a controversial new criminal code that comes into force in 2026 will reinstate prohibitions on criticising the government that the Constitutional Court had previously struck out. A proposed new Broadcasting Law would also ban “broadcasting investigative journalism content”.

    Under the New Order, civil society activism was also harshly restricted. In the last ten years under Jokowi, there has been a steady escalation of defamation actions and threats against government critics. And a law passed in 2017 allows the government to dissolve non-governmental organisations without any judicial process. Already, three NGOs have been banned.

    Many activists now speak openly of their fear of being targeted and intimidated by government trolls or even the intelligence agencies. Others fear Prabowo will use his links to Muslim civil society organisations to pressure or delegitimise other groups he sees as critics.




    Read more:
    Journalists in Indonesia are being killed, threatened and jailed. A new draft law could make things even worse


    Keeping the elites happy

    Prabowo is also following in the footsteps of Soeharto and Jokowi by building a massive coalition in the national legislature, the DPR. More than 80% of members are already on board, with only one party holding out.

    Prabowo will also expand his cabinet, allowing him to award places to supporters and co-opt others, including members of civil society. This will further weaken the opposition.

    This kind of government of elite “unity” makes politics opaque. Political fights take place behind the scenes, resolved by power plays and deals before measures go to a vote. It would make the national legislature not much more than a rubber stamp, as it was under Soeharto.

    This assumes Prabowo can manage Indonesia’s powerful political bosses – especially the feuding former presidents Megawati Soekarnoputri and Jokowi. Together, they now control the two biggest parties in the legislature (PDI-P and Golkar, respectively).

    The still hugely popular Jokowi backed his former bitter enemy Prabowo in the February elections because he saw this as a way to maintain influence after he left office. But Prabowo will be reluctant to share real power with anyone for long. His relationship with Jokowi is likely to be one the biggest challenges to his rule.

    Dealing with an obstructive court

    One of the few remaining obstacles to Prabowo acquiring the sort of dictatorial powers Soeharto exercised is the Constitutional Court, which has the power to strike out laws. Prabowo will not want a non-compliant and obstructive (that is, independent) Constitutional Court. Already politicians are openly discussing the need to “assess its performance”.

    If the legislature passes laws to weaken the court, the court could just strike them out, as it has done in the past.

    But the court was established by the amendments to the original 1945 Constitution. This means that if government cannot pass laws to weaken the court, stack the court or intimidate independent judges, a return to the 1945 Constitution could be used to eliminate it.

    Prabowo would need to feel his rule is secure and that he has the rock-solid support of the elites before doing this, but it is certainly possible. Returning to the original Constitution would simply require a two-thirds vote in the MPR, Indonesia’s highest representative assembly.

    Bold promises on the economy

    Soeharto’s system was based on a Faustian bargain that allowed him to rule corruptly and oppressively in return for high economic growth and development that lifted millions out of poverty.

    Prabowo is likely to adopt the same approach. He campaigned on an annual GDP growth target of 8%, a rate reached under Soeharto, but never by subsequent governments. Jokowi also placed great emphasis on development (infrastructure in particular), but never got much above 5% growth per year.

    Many are optimistic about the economy under the new president. Prabowo’s father was a prominent economist and a finance minister. Prabowo has also asked Jokowi’s highly-regarded finance minister, Sri Mulyani, to stay in her role.

    However, Prabowo comes to office with some enormously expensive commitments that would make Sri Mulyani’s job extremely difficult. These include his free school lunches program (upwards of US$30 billion, or A$45 billion), which Sri Mulyani has publicly questioned, and Jokowi’s signature new capital city, Nusantara, currently under construction. (The initial phase alone will cost at least US$35 billion, or A$52 billion).

    Moreover, Prabowo’s main priority will be to keep the elites happy and maintain his enormous coalition. His supporters and allies – including his brother, tycoon Hashim Djojohadikusumo who has funded his political career – will all demand access to concessions and lucrative appointments for their cronies to make good the vast amounts spent on the February elections. Rational economic policy-making will therefore be highly constrained.

    Foreign investment has always been the key to high growth in Indonesia, but despite the constant rhetoric about Indonesia being open for business, it will undoubtedly remain protectionist in practice under Prabowo. That will likely make the 8% GDP annual growth target impossible.

    More active foreign relations

    Prabowo, who was educated overseas and speaks English fluently, feels comfortable on the global stage. He will want a more prominent place in world affairs for his country, reflecting its vast size and new status as a middle-income country.

    As Jokowi’s defence minister, he was active internationally, even attempting to broker a peace deal between Russia and Ukraine. And, to his obvious delight, countries like the US that had previously denied him entry have congratulated him on his victory.

    Prabowo’s main foreign affairs challenge will be the same as his predecessor’s: managing the difficult relationship with China.

    Indonesians are deeply suspicious of China, an attitude driven by a potent mixture of deeply rooted racist attitudes, fear of communism and anxiety about China’s hegemonic ambitions. However, Indonesia is a major recipient of Belt and Road investments and the elite rely heavily on Chinese trade and investment.

    Like Jokowi, Prabowo will have to manage this difficult balance.

    Back to the future

    Indonesian civil society leaders are already talking about the new administration as “New Order Volume II” or “neo-New Order”, and it is easy to see why. All the signs point to a continuation under Prabowo of the process begun under Jokowi: a slide towards something that looks much more like Soeharto’s system than the liberal democracy reformers tried to construct 25 years ago.

    There is nothing in Prabowo’s past or his campaign promises to suggest otherwise. Perhaps the only question is how quickly it happens and how far he will go.

    Tim Lindsey receives funding from the Australian Research Council.

    ref. Indonesia’s new president, Prabowo Subianto, finds democracy ‘very tiring’. Are darker days ahead for the country? – https://theconversation.com/indonesias-new-president-prabowo-subianto-finds-democracy-very-tiring-are-darker-days-ahead-for-the-country-241256

    MIL OSI AnalysisEveningReport.nz