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Category: Economy

  • MIL-OSI Asia-Pac: Sustainable Habits, No Matter Big Or Small, Can Be Evergreen

    Source: Asia Pacific Region 2 – Singapore

    Data security in e-waste recycling, public hygiene, and hawker culture highlighted this year.

     

    Singapore, 13 October 2024 – More than 1000 Clean & Green activities in the form of events or talks, involving partners such as schools, grassroots organisations, NGOs and the corporate sector, plus visits to sites of environmental interest and volunteer deployments, have been held so far across Singapore throughout 2024. In total, the activities saw more than 400,000 participants. The CGS movement encourages everyone to do our part as stewards of a Clean & Green Singapore. To continue our journey of sustainable development, we invite all in Singapore to champion a sustainable way of life, conserve our greenery and biodiversity, adopt green practices, and contribute to a more gracious society. 

    2          The National Environment Agency (NEA)’s annual Clean & Green Singapore (CGS) flagship event, CGS Day, will be held on 3 November 2024. Leading up to CGS Day, four satellite events will be held for members of the public, featuring fun family activities.

    International E-waste Day 2024 Celebration

    13 Oct 2024 (Sun), 10 am – 6 pm @ Westgate Mall

    3          This year’s International E-waste Day (IEWD) 2024 “Secure E-Waste Recycling: Let’s Make a Difference Together”, focuses on data security. Launched by Senior Minister of State for Sustainability and the Environment, Dr Amy Khor, IEWD 2024 aims to raise wider awareness of the secure recycling of data-bearing devices such as mobile phones and laptops. Visitors can learn about e-waste management, especially the data sanitisation and dismantling processes that the e-waste recyclers undertake, by going through educational booths and activities by ALBA E-Waste Smart Recycling and other industry and community stakeholders. IEWD 2024 underscores the overall importance of recycling in Singapore as we move towards becoming a zero-waste nation. More information on the recycling of data-bearing devices can be found in Annex A and B.

    4          As part of IEWD 2024, contests such as the E-Waste Song Challenge, Photo Contest and Community E-waste Recycling Drive were organised to encourage members of public to play an active role in e-waste recycling. The song challenge and photo contest received 66 entries in total, while five community groups, comprising NGOs, Institutes of Higher Learning, and grassroots organisations, participated in the Community E-waste Recycling Drive.

    Eco Paddle with Ola

    13 October 2024 (Sun), 8.30am – 11.30am @ Siloso Beach, Sentosa

    5             Senior Parliamentary Secretary for Sustainability and the Environment, Mr Baey Yam Keng, joined a kayak litter-picking and beach clean-up activity at Siloso Beach, Sentosa this morning. Organised by Ola Beach Club, the event saw over 100 volunteers from Coca-Cola Singapore, Singapore Paddle Club, Friends of ACE (a migrant worker volunteer network under the Ministry of Manpower), the NEA Volunteer Corps, and the Public Hygiene Council (PHC). The event highlights the important role volunteers play in contributing to a clean environment, as well as supporting marine conservation efforts. The event was also supported by partners, such as Mount Faber Leisure Group, Sentosa Development Corporation and Soffell Singapore. Members of the public who missed this event can sign up for similar activities under CGS Experiences at https://www.cgs.gov.sg/events/eco-paddles-with-ola/, available till end November 2024.

    Community Clean Up @ Upper Boon Keng

    19 October 2024 (Sat), 9am – 11am, Upper Boon Keng Market & Food Centre

    6         SMS Dr Koh Poh Koon, along with Minister Josephine Teo, Adviser to Jalan Besar GRC GROs, is set to join 50 volunteers for a community clean up at Upper Boon Keng. The event brings together a diverse group comprising SG Clean Ambassadors, Friends of ACE, Kolam Ayer GRO members, and representatives and volunteers from the Federation of Merchants’ Associations Singapore (FMAS), and Kao Singapore. The event will feature litter-picking activities to promote public cleanliness within the estate, as well as the distribution of Magiclean disinfectants and kitchen cleaners, sponsored by Kao Singapore, to hawkers at the Upper Boon Keng Market & Food Centre. The Community Clean Up @ Upper Boon Keng aims to shine a spotlight on good hygiene practices in the F&B industry. The event also demonstrates how stakeholders from different groups, such as residents, merchant associations, corporate partners, migrant workers, and volunteers, can come together for the common cause of keeping shared public spaces clean. This community spirit of taking greater ownership of the environment is the core driver of the Clean & Green Singapore movement.

    Flag-off of Race to Sustainability! 2024

    23 October 2024 (Wed), 9.30am – 10.30am, Gardens by the Bay

    7             Gardens by the Bay’s flagship educational programme, Race to Sustainability!, will return this October. For the first time, it will be open to both lower primary and tertiary students, in addition to upper primary and secondary school students, to engage a wider range of youths. The expanded participation signifies the importance of engaging students and youth of all ages on sustainability issues, to help ensure a Clean & Green future for Singapore. This year’s theme centres on exploring sustainability through imagination and creative play, and offers tailored activities based on students’ levels. These include guided tours, talks, and hands-on challenges in an ‘Amazing Race’ format throughout the Gardens, where participants will learn about Singapore’s sustainability journey, the Gardens’ sustainability strategies, climate change and plant diversity. Minister for Sustainability and the Environment, Ms Grace Fu, will be flagging off the race on 23rd October 2024.

    8          Additionally, the public can also look forward to a series of exhibitions focused on sustainability, open until 1 December 2024. More details are available at https://www.gardensbythebay.com.sg/racetosustainability.

    CGS Day 2024

    3 Nov 2024 (Sun), 9am – 11am @ West Coast Park and National University of Singapore (NUS)

    9          The four satellite events will be capped off by CGS Day 2024, with Deputy Prime Minister Heng Swee Keat as Guest-of-Honour. The event will feature the opening of a new PHC CleanPod[1] at West Coast Park, followed by a community clean-up activity, a tree-planting at NUS UTown, and the presentation of the Environmental Services Star Awards and Community-In-Bloom Ambassador Awards. CGS Day celebrates the environmental efforts of schools, grassroots, corporate partners and outstanding individuals this past year, as well as reaffirm the community’s commitment to keeping Singapore clean and green. More details on CGS Day will be available closer to date.

    10        CGS aims to inspire Singaporeans to care for our environment by adopting a clean, green, and sustainable lifestyle. Each of us can shape our neighbourhoods and common spaces through our green practices, championing a sustainable way of life, and by being a more gracious society. More information on CGS is available at https://www.cgs.gov.sg/.

    ————

    [1] CleanPods are fully equipped storage sheds that the public can apply to the Public Hygiene Council (PHC) for access to. The public can then borrow tools such as metal tongs and buckets from the sheds, to conduct their own clean-up activities. PHC has set up CleanPods in various housing estates, beaches and parks. To find out more about CleanPods, please visit: https://www.publichygienecouncil.sg/resources/cleanpod/

     

     

    ~~ End ~~

    For more information, please submit your enquiries electronically via the Online Feedback Form or myENV mobile application.

     

    ANNEX A

    Factsheet on Singapore’s Regulated E-waste Management System

     

    Extended Producer Responsibility (EPR) Scheme for E-waste

    1          In July 2021, Singapore implemented a nationwide e-waste management system for regulated products, also known as the Extended Producer Responsibility (EPR) scheme for E-waste. Producers of electrical and electronic equipment (EEE) are physically and/or financially responsible for the collection and proper treatment of discarded EEE. NEA has appointed ALBA E-waste Smart Recycling Pte Ltd (ALBA) to operate the Producer Responsibility Scheme (PRS) in Singapore. As the PRS Operator, ALBA coordinates the collection and proper treatment of consumer e-waste on behalf of the producers.

    2          Since the implementation of e-waste EPR, ALBA has set up over 800 e-waste collection points that includes e-waste bins and manned collections. They have also partnered organisations such as corporates and public agencies to improve e-waste collections.  As of June 2024, more than 20,000 tonnes of e-waste (equivalent to weight of 73 Airbus A380 airplanes) was collected and recycled under the EPR Scheme for E-waste, up from the total of over 16,000 tonnes as of December 2023.          

    Data security in e-waste recycling

    3             International E-waste Day (IEWD) is a global initiative to raise wider awareness about the growing problem of electronic waste and its impact on the environment and human health. This year’s IEWD, themed “data security” aims to create awareness on data security measures and provide assurance on secure e-waste recycling. Members of the public are encouraged to perform the following steps to protect their information prior to e-waste recycling.

    4          Before recycling any data-bearing devices such as laptops, tablets, and mobile phones, the public is advised to protect their personal information by first backing up their data. They should also log out from their personal accounts and remove any storage media before performing a factory reset on their data-bearing devices. A factory reset is an irreversible process; this ensures that any outstanding data is wiped, providing users with a piece of mind before they recycle their data-bearing devices. Detailed steps to recycling data bearing devices can be found in Annex B.

    5          Devices placed in e-waste bins are collected by ALBA E-waste Smart Recycling Pte Ltd and sent to e-waste recyclers for treatment and recycling.

    6            E-waste recyclers take further steps to ensure that data is destroyed before recycling the devices. A data-bearing device is first dismantled to obtain the storage hard drive. The hard drive may then be fed into a degausser machine, which disables the data storage ability of the hard drive using a high magnetic field. Devices may also be crushed or shredded by use of a crusher or shredder machine. This ensures that the data bearing device is physically destroyed and data cannot be recovered by any means.

    Call-for-action to recycle our e-waste

    7          Through proper e-waste treatment and recycling, precious materials such as lithium, cobalt, copper, gold, silver and aluminium can be recovered, which reduces the need to mine for more raw materials. Reducing the need for mining also lowers pollution, as the process of mining has an impact on our environment. In addition, recycled material from e-waste, such as metal and plastic, can be reused to make new products.

    8          Proper recycling of e-waste also safeguards human and environmental health. Improper disposal of e-waste leads to environmental pollution, and this may in turn harm human health. E-waste comprises many different components and requires specialised equipment to dismantle, shred, process and extract the constituent materials. This has to be performed within a controlled environment to prevent pollution while ensuring workplace safety and health. Choosing to recycle instead of discarding e-waste, ensures that they can undergo the proper treatment processes.

    9          To do your part, the public can conveniently drop off e-waste at more than 870 collection points in accessible locations such as electronics retail outlets, shopping malls, community centres, supermarkets, government and commercial buildings.

    – End –

     

    ANNEX B

    Steps to Recycle your Data-Bearing Devices

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: Financial News: BRICS Central Bank Governors and Finance Ministers Discuss Cooperation Priorities

    MILES AXLE Translation. Region: Russian Federation –

    Source: Central Bank of Russia –

    At a meeting in Moscow, the Chairman of the Bank of Russia Elvira Nabiullina and the Minister of Finance of the Russian Federation Anton Siluanov summed up the results of the Russian presidency of BRICS in terms of central banks and finance ministries.

    The meeting participants adopted a statement on key areas of joint work:

    BRICS Contingent Reserve Pool and development of macroeconomic information exchange; cooperation in the payment sector; development of the BRICS channel in the field of information security; interaction in the settlement and depository sector; joint research in the field of transitional financing and financial technologies; conducting training events and seminars with the central banks of the BRICS countries.

    The central bankers noted the successes achieved this year in integrating new BRICS members into the financial track. The BRICS representatives stressed the importance of the Bank of Russia’s initiative on joint central bank cyber exercises and supported their implementation every year.

    Elvira Nabiullina thanked the central banks of the BRICS countries for their joint work within the framework of the Russian presidency and expressed support for Brazil’s presidency in 2025.

    Preview photo: Roscongress

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

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

    http://vvv.kbr.ru/press/event/?id=21080

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: Trust management without standard strategies: Bank of Russia instructions

    MILES AXLE Translation. Region: Russian Federation –

    Source: Central Bank of Russia –

    Trustees from January 1, 2025 will offer private investors only individual strategies.

    When forming portfolios, they must take into account the clients’ financial situation, education and experience in the securities market, as well as information about their current investments and financial obligations. This will allow them to assess not only the client’s risk appetite, but also their ability to bear such risk.

    Connection to standard strategies, when a single investment profile is defined for everyone, will now be unavailable. Previously concluded agreements providing for asset management according to uniform rules will continue to be valid until their expiration.

    Investors who prefer collective investments will be able to invest in mutual investment funds.

    Preview photo: Rawpixel.com / Shutterstock / Fotodom

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

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

    http://vvv.kbr.ru/press/event/?id=21079

    MIL OSI Russia News –

  • MIL-OSI Submissions: Africa – Huawei opens registration for the 2024-2025 ICT Competition in Kenya

    Source: Huawei Kenya

     

    ·       The competition targets university and technical college students studying ICT-related courses

     

    Nairobi, Kenya: October 11, 2024 – Huawei Kenya has kicked off the registration for the 2024-2025 ICT Competition in collaboration with leading universities and TVET institutions in Kenya.

     

    This annual competition is part of Huawei’s ongoing commitment to nurture digital talent and enhance ICT skills among the youth, aligning with Kenya’s digital transformation agenda.

     

    The Huawei ICT Competition is designed to offer a platform for students to demonstrate their knowledge in key ICT areas such as networking, cloud computing, artificial intelligence (AI), 5G, and cybersecurity. The competition gives students the opportunity to gain hands-on experience, access training resources, and network with industry professionals, ultimately contributing to the development of Kenya’s ICT sector.

     

    “As we embark on the journey to create a digitally empowered Kenya, this competition is an integral part of developing the next generation of ICT leaders. Through initiatives like the ICT Competition, we are offering students in Kenya a platform to showcase their talent, gain practical skills, and contribute to the country’s digital economy,” said Michael Kamau, Partnerships and Corporate Affairs Manager at Huawei Kenya.

     

    The competition offers participants a unique opportunity to sharpen their ICT skills, with access to free learning materials, expert mentorship, and industry-recognized certifications. Top-performing students also stand to win, and potential job offers at Huawei and its partners. It also offers winners the chance to represent Kenya on the global stage in the final rounds, competing against other bright finalists from across the world.

     

    “The competition is also part of Huawei’s broader collaboration with Kenyan universities to integrate practical ICT training into academic curricula,” Mr. Kamau said.

     

    Registration


    The registration exercise for the 2024-2025 ICT Competition will run until November 30, 2024.  with several rounds of the competition taking place, including a national qualifier, regional semifinals, and the global finals in mid-2025.

     

    University and technical college students studying ICT-related courses are encouraged to register for the competition via the link: https://e.huawei.com/en/talent/ict-academy/#/ict-contest?compId=85131998

     

    Huawei has been a key partner in Kenya’s digital transformation efforts, providing cutting-edge ICT solutions and nurturing local talent through training programs such as the Huawei Seeds for the Future and the ICT Academy, alongside the annual ICT Competition.

    MIL OSI – Submitted News –

  • MIL-OSI China: Vice premier stresses delivery of homes to stabilize property sector

    Source: China State Council Information Office 3

    Chinese Vice Premier He Lifeng has called for efforts to ensure the delivery of homes, and increase loans for real estate projects under the “white list” mechanism in order to facilitate the bottoming out of the housing market.

    He, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks during an investigation and research trip to Taiyuan, Shanxi and Xi’an, Shaanxi from Thursday to Saturday.

    The property market is a barometer of the macroeconomy, and doing a good job in the sector is crucial for promoting sustained economic recovery and safeguarding the vital interests of the people, he said.

    China in January announced a plan to establish a financing coordination mechanism for the real estate sector with the aim of satisfying the legitimate financing needs of property projects on the “white list” and supporting the stable and sound growth of the market.

    He urged giving full play to the role of the real estate financing coordination mechanisms, and accelerating fixing problematic projects to meet the “white list” standards as soon as possible. Financial institutions should increase their efficiency in credit approval and loan disbursement, he said.

    To ensure the quality and on-time delivery of homes, the vice premier called for further expanding the scopes of property projects under the mechanisms, by including all eligible commercial housing projects under construction and sold into the scope of support, and safeguarding the demand for project construction funds.

    The acquisition of existing commercial housing for use as affordable housing should also be advanced, he said. The affordable housing re-lending policy should be implemented well in order to accelerate the reduction of inventory in the commercial housing market, he added.

    He also visited large supermarkets in Taiyuan and key foreign trade enterprises in Xi’an to learn about trade-in programs for consumer goods and the export situation of enterprises.

    MIL OSI China News –

  • MIL-OSI China: China rolls out measures to promote green finance

    Source: China State Council Information Office

    China has unveiled a guideline on the development of green finance, outlining 19 important measures for key areas to promote the building of a beautiful China.

    Focusing on key areas such as the green development of key industries and ecological protection and restoration, China will work to create a project library for the building of a beautiful China and effectively improve the precision of financial support, according to the guideline jointly issued by four government agencies, including the People’s Bank of China and the Ministry of Ecology and Environment.

    The guideline stresses enhancing the capacities of financial institutions to provide green financial services and enriching products and services for the area.

    Efforts should be made to increase loan issuance and beef up financing support for green development, the document states.

    It also calls for stepping up innovation in green financial products for key links and areas such as regional ecological and environmental protection projects, the development of the carbon market and green consumption.

    A coordination mechanism across government agencies will be established to ensure implementation of these measures, the guideline says.

    MIL OSI China News –

  • MIL-OSI China: China’s auto sector reports growth momentum

    Source: China State Council Information Office

    China’s automobile industry has revealed a growth trend, with its production and sales of vehicles increasing steadily in the first nine months of 2024, data from the China Association of Automobile Manufacturers showed on Saturday.

    From January to September, China’s auto production totaled about 21.47 million units, up 1.9 percent year on year. Auto sales stood at 21.57 million units, an increase of 2.4 percent from the same period last year.

    In September, auto production came in at nearly 2.8 million units, down 1.9 percent year on year, while monthly sales totaled about 2.81 million units, down 1.7 percent year on year.

    China’s passenger vehicle market has been gradually picking up, with retail sales growing stronger in the third quarter of this year, thanks to government policies encouraging vehicle trade-ins and manufacturers launching new models during “Golden September and Silver October”, a peak period for car sales, said Chen Shihua, deputy secretary-general of the association.

    In August, China increased the financial stimulus to encourage consumers to scrap their old vehicles and buy new ones. Subsidies for trade-ins of new-energy passenger vehicles have doubled from 10,000 yuan (about 1,414 U.S. dollars) to 20,000 yuan, while those for trade-ins of fuel passenger vehicles have been lifted from 7,000 yuan to 15,000 yuan. 

    MIL OSI China News –

  • MIL-OSI China: Bumpy start for UK’s new Labour government

    Source: China State Council Information Office

    People attend the Labour Party Conference in Liverpool, Britain, on Sept. 23, 2024. [Photo/Xinhua]

    As the United Kingdom’s Labour government marks 100 days in office on Saturday, political commentators are markedly less enthusiastic than in the aftermath of the party’s landslide win in the July 4 general election. Instead, they are asking whether Labour will be able to get back on course after an apparently bumpy start.

    Labour had been in opposition since 2010 before Prime Minister Keir Starmer led the party to victory this year, securing a massive 174-seat majority in the UK parliament.

    The honeymoon period of popularity enjoyed by a new government was short-lived for Starmer, however, as his government’s accomplishments so far have been overshadowed by moves including the deeply unpopular plans to cut winter fuel benefits for pensioners.

    Among the most-touted achievements during Starmer’s first 100 days in power are the government’s success in resolving the junior doctors’ and train drivers’ strikes, cancelling the controversial Rwanda scheme proposed by the previous Conservative government, making good progress in launching GB Energy and scrapping no-fault evictions for tenants. Starmer’s handling of the far-right riots that rocked the country this summer has also been applauded.

    On Thursday, the government also unveiled the Employment Rights Bill, outlining reforms aimed at boosting economic growth and upgrading workers’ rights across the country. Official figures on Friday showed that the UK economy returned to growth in August after flatlining for two months, a welcome boost for the government.

    However, the government has come under fire for announcing plans to scrap winter fuel allowances worth up to 300 British pounds (392 U.S. dollars) for 10 million pensioners, and refusing to lift a two-child cap on child benefit.

    There has also been heavy criticism of Starmer for accepting thousands of pounds from a wealthy party donor to pay for clothes. Other Labour ministers have also received free gifts including tickets for major sporting events and Taylor Swift concerts.

    Professor Iain Begg from the London School of Economics and Political Science (LSE) told Xinhua: “Labour, in power for its first 100 days, has been frantic. It’s had considerable difficulties and shown a lack of political experience, but it’s also tried to push forward a very large number of agenda items which had been lapsed under the previous administrations.”

    “The verdict, therefore, is a rather checkered one,” Begg said.

    An Opinium poll revealed in late September that Starmer’s approval rating had plunged below that of the Tory leader Rishi Sunak, suffering a huge 45-point drop since July. Meanwhile, a YouGov poll revealed this week that Starmer is now as unpopular as the controversial Brexiteer Nigel Farage.

    Nevertheless, Begg said that in British politics, a government will often make tough decisions and policy announcements in its first year in power, leaving another four years to turn such decisions around.

    “It’s fair to say that Starmer can expect a few more storms over the next year or so, until some of his initiatives start to show that they’re genuinely making a difference. There’ll be easy tests for the public to apply and if he passes those tests, he’ll be seen as a more successful prime minister than maybe he has been in his first 100 days,” he said.

    Andrew Roe-Crines, a researcher in British politics at the University of Liverpool, thinks the Budget will be an opportunity for Starmer and his party to sway public opinion when it is delivered on Oct. 30.

    “If they are right and they’re able to show this in the Budget by being able to invest in things which people expect to see, then maybe there’s hope for positive things later down the line,” Roe-Crines told Xinhua.

    MIL OSI China News –

  • MIL-OSI China: Rural charms harvest online appeal

    Source: China State Council Information Office 3

    Mo (right) and his team livestream the benefits of pomelos. [Photo/Xinhua]

    As the morning light streams through the window and roosters crow, Mo Zhou yawns, steps out, calls his dog, grabs his tools, and embarks on a day’s work.

    The 26-year-old differs from other farmers in that he always carries a smartphone to record his day-today life. He’s a vlogger, filming snippets of rural life and traditional homemade food for his 12 million followers on short-video platform Douyin.

    From traditional dishes to heartfelt narratives, his videos capture the essence of rural life, showcasing the beauty of his hometown and its culinary delights.

    His recording of the tranquil village of Chenjiazhai in Tongren, Southwest China’s Guizhou province, has garnered a total of 320 million likes on Douyin. Named Zhouzhou on the platform, he has posted 577 videos.

    I cherish the earthy scent I carry and hope to encourage more young people to stay in rural areas and contribute to their hometowns through my experiences,” Mo says.

    Mo cuts preserved pork for a video shooting. [Photo/Xinhua]

    Born to a rural family in 1998, Mo has two older sisters. His life changed when his mother was diagnosed with breast cancer in 2015. To ease the financial burden, Mo decided to quit school and take care of his mother at home in 2019 as his mother’s health deteriorated.

    Hearing about the man’s story, fellow villager Mo Zhilin found that Mo Zhou had the potential to become a vlogger by sharing his daily life. Later in 2020, Mo Zhilin, Mo Zhou, Mo Jun and Yang Xudong set up their e-commerce company.

    Facing challenges with shyness and camera presence, Mo Zhou overcame his inhibitions by studying other accounts, taking online courses in video production and seeking advice from others on how to authentically showcase rural life and cuisine in his videos.

    As their fan base grew, they raised the bar for video quality, embracing the natural rhythm of rural life. They sourced local ingredients based on the seasons, fostering a sense of nostalgia and connection with their audience.

    “I will continue to anchor myself in the countryside, utilizing my online influence to capture and share more of Guizhou’s beauty, culture and culinary heritage,” the man says.

    Since Li Ziqi, a rural Chinese woman, became an online sensation in the late 2010s, an increasing number of rural life vloggers have put their countryside in the frame.

    Mo (right) and Yang Xudong promote kiwifruit online. [Photo/Xinhua]

    Thanks to the popularity of short-video platforms, they share their lives online and use the internet as sales channels.

    These channels not only bring higher incomes but also inject new life into the country’s rural vitalization.

    Data from Douyin shows that last year, the platform had about 176 million rural content creators, posting more than 1 billion videos and selling about 4.73 billion orders of agricultural products.

    According to data from the Ministry of Agriculture and Rural Affairs, from 2012 to the end of 2022, over 12.2 million people had returned or moved to rural areas with the aspiration of starting businesses. The number is expected to reach 15 million by 2025.

    MIL OSI China News –

  • MIL-OSI: Discover the SEP (Smart Energy Pay) Listing on XT Exchange

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Oct. 13, 2024 (GLOBE NEWSWIRE) — SEP (Smart Energy Pay) is excited to announce the listing of Smart Energy Pay (SEP) on XT Exchange. The SEP/USDT trading pair will be available in the Innovation Zone, offering a new opportunity for traders to engage with a blockchain project focused on transforming the energy sector. Please find the go-live schedule below:

    • Deposit: 09:00 on October 13, 2024 (UTC)
    • Trading: 09:00 on October 14, 2024 (UTC)
    • Withdrawal: 09:00 on October 15, 2024 (UTC)

    Trading pair link: https://www.xt.com/en/trade/sep_usdt

    SEP’s listing on XT Exchange marks a significant step in bringing green energy to the forefront of the blockchain space. With this listing, SEP gains access to XT’s vast global community, enhancing its liquidity and providing exposure to a broader audience. By joining XT Exchange, SEP is poised to drive innovation in both the DeFi and renewable energy sectors, paving the way for a more sustainable future.

    Albin Warin, CEO of XT Exchange, shared his thoughts on the listing: “We are proud to welcome Smart Energy Pay to our platform. SEP’s commitment to sustainable energy and innovation resonates with our mission to support transformative projects that make a difference. We believe that the listing of SEP will provide our users with substantial value and contribute to the advancement of both the blockchain and energy sectors.”

    About XT

    Founded in 2018, XT serves more than 7.8M registered users, over 1M monthly active users, 40+ million users in the ecosystem, and more than 800 tokens with 1000+ trading pairs. XT crypto exchange offers a rich variety of trading categories to provide a secure, trusted, and intuitive trading experience for its large user base. This includes crypto futures trading (USDT-M Futures and coin-M futures perpetual contracts) and copy trading that allows users to replicate top traders in real-time with just one click. Additionally, the futures grid allows users to automate the buying and selling of futures contracts for profits.

    Website: https://www.xt.com/

    X: https://x.com/XTexchange

    Telegram: https://t.me/XTsupport_EN

    About SEP (Smart Energy Pay)

    Smart Energy Pay is at the forefront of combining blockchain technology with renewable energy solutions. SEP leverages its own blockchain to enable secure and transparent transactions within the energy sector. A unique feature of the SEP platform is its integration with a patented 3D wind device, which allows for the efficient generation of renewable energy. By blending decentralized finance (DeFi) with green energy, SEP aims to build sustainable and accessible energy markets that cater to both consumers and businesses.

    Blockchain Explorer: https://secexplorer.io/

    Whitepaper: https://smartenergypay.com/whitepaper

    Social Links

    LinkedIn: https://www.linkedin.com/company/smartenergypay/

    Facebook: https://www.facebook.com/smartenergypay/

    Telegram: https://t.me/+BtBJIPxsn21iOGQ8

    Tiktok: https://www.tiktok.com/@smart.energy.token

    CoinMarketCap: https://coinmarketcap.com/community/profile/smartenergytoken/

    Github: https://github.com/EtherAuthority/Smart-Contracts-Library

    Press Contact

    Brand: Smart Energy Provider Ltd.

    Contact: Mr. Tahssin Asfour

    Email: marketing@smartenergypay.com

    Website: https://smartenergypay.com/

    The MIL Network –

  • MIL-OSI China: China, Laos achieve more substantive progress in building community with shared future

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

    China, Laos achieve more substantive progress in building community with shared future

    VIENTIANE, Oct. 13 — Chinese Premier Li Qiang paid an official visit to the Lao People’s Democratic Republic from Friday to Saturday after attending the leaders’ meetings on East Asia cooperation here, stressing to continue to deepen practical cooperation with Laos.

    Li, together with Lao Prime Minister Sonexay Siphandone, attended the inauguration ceremony of the China-aided Mahosot General Hospital building here on Saturday. Speaking at the ceremony, Li extended warm congratulations on the successful completion of the project, highlighting the hospital as the largest in scale, most comprehensive in functions, and best equipped modern comprehensive hospital and medical teaching base in Laos.

    As a flagship overseas project under the China-proposed Belt and Road Initiative, the Mahosot Hospital has played an important role in improving medical conditions and safeguarding the health of the Lao people.

    Vilaphan Keokuman, deputy chief of the ear, nose, and throat department at Mahosot Hospital, said: “The brand-new building, modern facilities and equipment of the hospital, as well as its capacity to accommodate more patients, provide us with greater convenience.”

    Premier Li emphasized in his speech at the ceremony that in recent years, the two countries have closely focused on building a community with a shared future with high standards, high quality, and high level, strengthened the synergy of development strategies, continued to deepen practical cooperation, and worked hard to complete a number of important infrastructure projects, injecting strong impetus into the economic development and improvement of people’s livelihood in both countries.

    During his meeting with Thongloun Sisoulith, general secretary of the Lao People’s Revolutionary Party Central Committee and Lao president, Li said China and Laos should enhance practical cooperation in trade, investment, production capacity, electricity, minerals and other fields, calling on both sides to further tap potentials, give full play to the driving-effect of the China-Laos Railway, and push for more visible results in all-around cooperation.

    While talking with Sonexay, Li pointed out that China is ready to work with Laos to speed up the development along the China-Laos Railway and juxtaposed border control, and strengthen cooperation in new energy, advanced manufacturing, digital economy and artificial intelligence, among other fields.

    Launched in December 2021, the China-Laos Railway, which serves as Laos’ first modern railway, has facilitated the transportation of over 10 million tonnes of goods valued at approximately 5.74 billion U.S. dollars as of September 2024, according to local authorities.

    During Li’s visit, China and Laos released a joint statement focused on mutually beneficial cooperation of higher quality.

    In the statement, the two sides agreed to continue to strengthen practical cooperation under the framework of strategic alignment between China’s Belt and Road Initiative and Laos’ strategy to “convert the landlocked country into a land-linked hub”, and jointly implement the outline of the Belt and Road cooperation plan between the two countries.

    Currently, China is the largest foreign investor in Laos, and Laos sees huge potential for further deepening cooperation with China across various fields including the export of agricultural products, the import of electric vehicles and trucks, tourism, hotels and restaurants, and electricity, mining, and solar energy.

    Analysts said that both China and Laos are poised to take Premier Li’s visit, alongside the 15th anniversary of the China-Laos comprehensive strategic cooperative partnership, as pivotal moments to further deepen bilateral cooperation.

    Lu Guangsheng, a professor at Yunnan University’s Institute of International Relations, said China and ASEAN, including Laos, have strong industrial complementarity.

    “China requires new drivers from Laos, while Laos looks to China for industrial support,” he remarked, suggesting that this mutual dependence will foster constructive strategies for promoting high-level openness and advancing the shared vision for a community with a shared future for humanity.

    MIL OSI China News –

  • MIL-OSI Africa: GITEX GLOBAL and Expand North Star set to accelerate world’s Artificial Intelligence (AI) economy with market projected to reach $2.7 trillion by 2032

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

    DUBAI, United Arab Emirates, October 13, 2024/APO Group/ —

    GITEX GLOBAL (www.Gitex.com), the world’s largest tech and startup event, takes centre stage in the UAE next week with this year’s 44th edition destined to redefine the world’s digital economy and AI ecosystem.

    Held at Dubai World Trade Centre (DWTC) from 14-18 October, the incomparable international showpiece will be more influential than ever this time around – presenting an expanded events programme that transforms the UAE into an AI universe epicentre.

    Under the theme “Global Collaboration to Forge a Future AI Economy”, GITEX GLOBAL 2024 welcomes the world’s largest technology enterprises alongside governments, investors, experts, startups, academia, and researchers.  

    Expand North Star (http://apo-opa.co/405aSCm), the world’s largest startup and investment show, runs concurrently at Dubai Harbour from 13-16 October – hosted by Dubai Chamber of Digital Economy and organised by DWTC.

    With over 6,500 exhibiting companies, 1,800 startups, and 1,200 investors from more than 180 countries participating across 38 halls of innovation and business opportunities, these blockbuster events will see the UAE “strategically propel the next generation of AI-driven technologies”.

    Trixie LohMirmand, Executive Vice President of DWTC, the organiser of GITEX GLOBAL and Expand North Star, said: “At GITEX GLOBAL in Dubai, we shall close the year with significant manoeuvres from our tech community by doubling down on global collaborations and intensive engagements amongst all involved. Through these efforts, we shall forge competitive advantages in the race towards regional and international digital supremacy.

    “With international participation in GITEX GLOBAL 2024 rocketing by almost 40 per cent, it’s a barometer of the unstoppable ambitions of many young rising digital nations who are now confidently forging their ways into the future global AI economy through GITEX. As the world’s most global tech event brand with events in Germany, Singapore, Morocco, and Nigeria alongside Expand North Star, we are committed to strategically propelling the next generation of AI-driven technologies via startups, scale-ups and unicorns.”

    A global agenda for tomorrow’s AI economy

    According to Fortune Business Insights, the global AI market is projected to reach $621 billion in 2024 and soar to $2.7 trillion by 2032. Given its influence and impact now and in the future, the technology takes centre stage at GITEX GLOBAL 2024 with over 3,500 enterprises presenting the latest breakthrough innovations in AI, IoT, data, and the cloud.

    Amongst them is TECOM Group PJSC, which celebrates its 25th successive year at GITEX GLOBAL next week. Ahead of the event, Ammar Al Malik, Executive Vice President of Commercial at TECOM Group PJSC and Managing Director of Dubai Internet City, said: “Dubai’s pro-innovation frameworks are the bedrock of tech advancements that serve a greater purpose. GITEX GLOBAL is a springboard to unlock this potential, and as the region’s leading tech hub, Dubai Internet City has been a proud partner for decades in its mission towards a brighter future. Our community is pleased to connect innovators from more than 3,500 companies across fields like artificial intelligence (AI), Web3, digital transformation, and beyond to realise this vision.”

    Abu Dhabi’s most influential companies and organisations, including the Advanced Technology Research Council (ATRC) and G42 Group with its leading enterprises Presight and Khazna, will reinforce the Emirate’s position as an emerging global AI nexus. Other tech giants participating are Adobe, Alibaba Cloud, AWS, Builder Ai, Dell, Google, Honeywell, Huawei, IBM, Lenovo, Microsoft, Nvidia, Oracle, Salesforce, SAS, solutions by STC, and Tech Destination Pakistan.

    Presenting the year’s largest AI event, GITEX GLOBAL will deliver 120-plus hours of AI and deep tech-focused content across various topics, facilitating discussions on the implications of AI in Future Health, Digital Finance, and EdTech. Following the wildfire pace of AI adoption and the unprecedented growth in data storage demand, the event is also launching the region’s largest Data Centre Symposium in 2024, featuring the industry leaders Datalec, Kerno, Khazna, Legrand, NTT Data, Schneider Electric, Vertiv, among many others.

    The programme will build anticipation ahead of the all-new AI Everything Global 2025. This event – taking place in Abu Dhabi (4 February) and Dubai (5-6 February) will gather some of the world’s most visionary AI tech companies to construct an innovative, fair, and responsible AI industry of the future.

    Fast-tracking the next generation of startups

    The world’s largest startup and investment event, Expand North Star will foster the next frontier of tech and innovation. In another record-breaking edition, the event will connect the most innovative global founders with new markets, enterprise customers, and an influential pool of investors and venture capitalists with over $1.2 trillion in Assets Under Management (AUM). These include SOSV, Bessemer Ventures, Lightrock, Sinovation Ventures, and the European Innovation Fund.

    Additionally, Expand North Star will seek to redefine the future of money, blockchain, and creativity through leading co-located events GITEX Impact, Fintech Surge, Future Blockchain Summit, and Marketing Mania. Accelerating the next generation of scaleups, the world’s largest start-up pitch competition, Supernova Challenge 2.0, also graces GITEX GLOBAL with the winners claiming a share of the $200,000 prize pool.

    Historic international involvement

    GITEX GLOBAL 2024 will welcome the highest international attendance in its history, welcoming over 400 government and digital development agencies from around the world. Alongside GITEX GLOBAL regulars, the new nations debuting this year will showcase their latest groundbreaking tech innovations.

    Next week marks the largest European participation at GITEX GLOBAL with over 35 European countries exhibiting alongside 1,000-plus SMEs and 450-plus startups from debuting countries, including Austria, Bosnia and Herzegovina, Ireland, Latvia, Lithuania, Portugal, Serbia, and Slovenia.

    Many rising digital nations from Latin America are also behind the record-breaking international involvement, as are those from Central and Southeast Asia. Joining long-time GITEX GLOBAL participants such as China, Japan, South Korea, and India are several debutants – Singapore, Malaysia, Kazakhstan, and Kyrgyzstan amongst them.

    While promoting international business development, entrepreneurship, and investment engagements to benefit enterprises, organisations, and SMEs alike, GITEX GLOBAL welcomes the European Innovation Council for the first time, Europe’s biggest deep-tech investor.

    It will also see significant collaborations with global organisations from all continents, such as the European Innovation Council, Tech Destination Pakistan, IE University, University College London (UCL), Johns Hopkins University, the Massachusetts Institute of Technology (MIT), and key corporate ventures from leading tech enterprises such as Sony, Honda, Standard Chartered, QIC, and many more.

    An action-packed agenda

    Throughout its six-day duration, GITEX GLOBAL will become a microcosm of the world, launching industry-defining programmes such as GITEX Editions, an exclusive platform for late-stage advanced tech companies and a premier hub for unicorns, soonicorns and rhinos. In 2024, the event will connect 59 top global unicorns, such as Axelera, DeepL, Insilico Medicine, and Synthesis AI.

    The World Future Economy Digital Leaders Summit is another must-attend show with global innovators and influential leaders set to address critical priorities shaping the future of technology. Additionally, GITEX Cyber Valley is this year’s most anticipated cybersecurity showcase – hosted by the UAE Cyber Security Council. With specialists forecasting that damage costs could reach $10.5 trillion annually by 2025, the show will present a power-packed conference agenda as the world’s most influential CISOs, CIOs, and GRC leaders to discuss the risks of global cybercrime.  

    Leo Chen, Corporate Senior Vice President & President of Enterprise Sales at Huawei, which will be present with a flagship stand at the event, commented on the possibilities unlocked at the event for the industry: “GITEX GLOBAL offers a unique platform for us to engage in meaningful dialogues with industry peers about the trends and perspectives on industrial intelligence. We look forward to sharing our insights and learning from others to explore the endless possibilities of industrial digital and intelligent transformation.”

    For more information on GITEX GLOBAL 2024 and to secure your passes, please visit http://www.Gitex.com. 

    MIL OSI Africa –

  • MIL-OSI Banking: CBB holds Fourth Board meeting for 2024

    Source: Central Bank of Bahrain

    CBB holds Fourth Board meeting for 2024

    Published on 13 October 2024

    Manama, Kingdom of Bahrain – 13 October 2024 – The Central Bank of Bahrain’s (CBB) Board of Directors held its fourth meeting for the year 2024, chaired by Mr. Hassan Khalifa Al Jalahma on Sunday, 13 October 2024.

    The Board reviewed the topics on the agenda including the CBB’s performance report and developments in the financial sector for the third quarter of 2024 and the CBB’s financial performance report.

    The Board also reviewed key monetary and banking indicators for the year including the money supply, which increased by BD 0.6 million to reach BD 16.4 billion at the end of August 2024, compared to the same period in 2023. As for retail banks, total private deposits increased to BD14.3billion at the end of August 2024, an increase of 2.9% compared to the end of August 2023. The outstanding balance of total loans and credit facilities extended to resident economic sectors increased to BD12.2 billion at the end of August 2024, an increase of 5.2% compared to the end of 2023, with the Business Sector accounting for 42.3% and the Personal Sector at 48.8% of total loans and credit facilities.  The balance sheet of the banking system (retail banks and wholesale sector banks) increased to $243.1 billion at the end of August 2024, an increase of 8.2% compared to the end August of 2023.

    Point of Sales (POS) data for August 2024 totaled 18.2 million transactions (77.2% of which were contactless), an increase of 18.1% compared to the same period in 2023. The total value of POS transactions for August 2024 totaled BD 387.7 million (52.2% of which were contactless), an increase of 15.7% compared to the same period in 2023.

    The banking sector maintained a high level of capital adequacy and liquidity, as the capital adequacy ratio of the banking sector reached 20.0% in Q2 2024 compared with 19.3% in Q2 2023. The capital adequacy ratio for the various banking sectors was 32.9% for conventional retail banks, 16.7% for conventional wholesale banks, 19.6% for Islamic retail banks, and 20.8% for Islamic wholesale banks in Q2 2024.

    The total number of registered Collective Investment Undertakings (CIUs) as of August 2024 stood at 1715 CIUs, compared to 1673 funds as of August 2023. The net asset value (NAV) of the CIUs increased from US$ 10.651 billion in Q2 2023 to US$ 11.178 billion in Q2 2024, reflecting an increase of 4.95%. Moreover, the NAV of Bahrain domiciled CIUs increased from US$ 4.390 billion in Q2 2023 to US$ 4.428 billion in Q2 2024, reflecting an increase of 0.87%. Furthermore, the NAV of overseas domiciled CIUs increased from US$ 6.261 billion in Q2 2023 to US$ 6.750 billion in Q2 2024, reflecting an increase of 7.81%. Additionally, the NAV of Shari’a-compliant CIUs increased from US$ 1.412 billion in Q2 2023 to US$ 1.812 billion in Q2 2024, reflecting an increase of 28.33%.

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    MIL OSI Global Banks –

  • MIL-OSI Asia-Pac: Labour Department highly concerned about fatal work accident that happened in Ho Man Tin today

    Source: Hong Kong Government special administrative region

         â€‹The Labour Department (LD) is highly concerned about a fatal work accident that happened at a building in Ho Man Tin this morning (October 13), in which a male worker, while dismantling a bamboo scaffold at the external walls of the building, fell from height to the ground. He was certified dead later in hospital. The LD is saddened by the death of the worker and expresses its deepest sympathy to his family.

         The LD’s spokesman said, “We commenced an immediate on-site investigation as soon as we were notified of the accident and issued suspension notices to the contractors concerned, suspending the dismantling, alteration and use of the bamboo scaffold at the external walls of the building. The contractors cannot resume the work until the LD is satisfied that measures to abate the relevant risks have been taken.”

         The spokesman added, “We will complete the investigation as soon as possible to identify the cause of the accident, ascertain the liability of the duty holders and recommend improvement measures. We will take actions pursuant to the law if there is any violation of the work safety legislation.”

         To prevent workers from falling from height while dismantling bamboo scaffolds at external walls of buildings, the LD reminds employers to take suitable safety measures, including providing every worker engaged in the work with a suitable safety harness that is attached continuously to a suitable and secure anchor point, an independent lifeline or a fall arresting system, and ensuring the proper use of the safety equipment by the workers concerned throughout the work.

         The general duty provisions of the Occupational Safety and Health Ordinance require employers to provide safe working environments, plant and systems of work for their employees. Those who contravene the relevant provisions are liable to a maximum fine of $10 million and imprisonment for two years on conviction on indictment; or $3 million and imprisonment for six months on summary conviction.

         In regard to today’s accident, the LD will issue a Work Safety Alert through its mobile application “OSH 2.0”, website and email, giving a brief account of the accident concerned to duty holders, workers’ unions, professional bodies of safety practitioners and others, and reminding the industry of the importance of following safety precautionary measures to prevent a recurrence of similar accidents.

         The LD will also remind the employer concerned of the liability for employees’ compensation under the Employees’ Compensation Ordinance, assist family members of the deceased to claim employees’ compensation and closely follow up on the case. For those with financial difficulties, the LD will assist them to apply for appropriate emergency funds. Subject to the needs and wishes of family members of the deceased, the LD will also liaise with the Social Welfare Department for financial or other assistance.

         For the sake of securing the safety and health of employees at work, the LD appeals to employers to provide plant and systems of work that are safe and without risks to health. Employees should co-operate with their employers, adopt all safety measures and use personal protective equipment provided properly to avoid endangering their own work safety and that of other workers.

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: NASA Welcomes Estonia as Newest Artemis Accords Signatory

    Source: NASA

    While in Milan for international meetings, NASA Administrator Bill Nelson was among the witnesses as Estonia signed the Artemis Accords and became the 45th nation to join the United States and other signatories agreeing to the safe, transparent, and responsible exploration of the Moon, Mars, and beyond.
    The signing ceremony took place ahead of Italy hosting the 75th International Astronautical Congress beginning Monday, Oct. 14, where government and space officials from signatory countries will discuss advancing implementation of the Artemis Accords, among other topics.
    “We welcome Estonia’s signing of the Artemis Accords, which will open the door for more international collaboration,” said Nelson. “This decision also strengthens our family of nations, united by a common cause, and builds on our commitment to explore space for the benefit of humanity under the sound principles of the accords.”
    Erkki Keldo, Estonia’s minister of economy and industry, signed the Artemis Accords. Rahima Kandahari, deputy assistant secretary for the U.S. State Department and Lisa Campbell, CSA (Canadian Space Agency) president, also participated in the event.
    “Estonia is well known as the leading country in e-governance, and it is a great honor for us to enter a next level in space exploration, said Keldo. “We are more than interested to share our knowledge with the global space community to make future collaboration in space exploration a success for humankind. I am sure that joining the Artemis Accords will open attractive opportunities to Estonian enterprises too, to share their valuable knowledge and competences.”
    In 2020, the United States and seven other nations were the first to sign the Artemis Accords, which identified an early set of principles promoting the beneficial use of space for humanity. The accords are grounded in the Outer Space Treaty and other agreements including the Registration Convention, the Rescue and Return Agreement, as well as best practices and norms of responsible behavior that NASA and its partners have supported, including the public release of scientific data. 
    The commitments of the Artemis Accords and efforts by the signatories to advance implementation of these principles support the safe and sustainable exploration of space. More countries are expected to sign in the coming weeks and months.
    Learn more about the Artemis Accords at:
    https://www.nasa.gov/artemis-accords
    -end-
    Meira Bernstein / Elizabeth ShawHeadquarters, Washington202-358-1600meira.b.bernstein@nasa.gov / elizabeth.a.shaw@nasa.gov

    MIL OSI USA News –

  • MIL-Evening Report: 30 years ago, Tarantino’s Pulp Fiction shook Hollywood and redefined ‘cool’ cinema

    Source: The Conversation (Au and NZ) – By Ben McCann, Associate Professor of French Studies, University of Adelaide

    IMDB

    What might be the most seismic moment in American cinema? Film “speaking” for the first time in The Jazz Singer? Dorothy entering the Land of Oz? That menacing shark that in 1975 invented the summer blockbuster?

    Or how about that moment when two hitmen on their way to a job began talking about the intricacies of European fast food while listening to Kool & The Gang?

    Directed by Quentin Tarantino, Pulp Fiction (1994) celebrates its 30th birthday this month. Watching it now, this story of a motley crew of mobsters, drug dealers and lowlifes in sunny Los Angeles still feels startlingly new.

    Widely regarded as Tarantino’s masterpiece, the director’s dazzling second film was considered era-defining for its memorable dialogue, innovative narrative structure and unique blend of humour and violence. It was nominated for seven Academy Awards, made stars of Samuel L. Jackson and Uma Thurman, and revitalised John Travolta’s career.

    Pulp Fiction is dark, often poignant, and very funny. It is, as one critic describes it, an “intravenous jab of callous madness, black comedy and strange unwholesome euphoria”.

    Tarantino’s trademark style includes plenty of violence and gore.
    IMDB

    A Möbius strip plot

    Famous for its non-linear narrative, Pulp Fiction weaves together a trio of connected crime stories. The three chapters – Vincent Vega and Marsellus Wallace’s Wife, The Gold Watch and The Bonnie Situation – loop, twist and intersect but, crucially, never confuse the viewer.

    Tarantino has often paid tribute to French filmmakers Jean-Luc Godard and Jean-Pierre Melville, whose earlier films also presented their narratives out of chronological order and modified the rules of the crime genre.

    By inviting audiences to piece Pulp Fiction together like a puzzle, Tarantino laid the way for subsequent achronological films such as Memento (2000), Go (1999) and Lock, Stock and Two Smoking Barrels (1998).

    Pop culture meets postmodernism

    In his influential essay Postmodernism, or the Cultural Logic of Late Capitalism, first published in 1984, political theorist Frederic Jameson coined the term “new depthlessness” to describe postmodern culture.

    Jameson perceived a shift away from the depth, meaning and authenticity that characterised earlier forms of culture, towards a focus on surface and style.

    Pulp Fiction’s iconic movie poster shows character Mia Wallace (Uma Thurman) smoking a cigarette.
    IMDB

    Pulp Fiction fits Jameson’s definition of depthlessness. It is stuffed with homages to popular culture and a vivid array of character types drawn from other B-movies – hitmen, molls, mob bosses, double-crossing boxers, traumatised war veterans and tuxedo-wearing “fixers”. It is a film of surfaces and allusions.

    Jackson, Travolta and Thurman feature alongside established 1990s box-office stars including Bruce Willis and industry stalwarts Harvey Keitel and Christopher Walken, both of whom have brief but memorable cameos.

    The film’s most iconic scene takes place at the retro 1950s-themed Jack Rabbit Slim’s diner. Thurman’s twist contest with Travolta fondly echoes Travolta’s earlier dancing in Saturday Night Fever (1977) and pays homage to other dance scenes in films such as 8 ½ (1963) and Band of Outsiders (1964).

    Words and music

    Film critic Roger Ebert once noted how Tarantino’s characters “often speak at right angles to the action”, giving long speeches before getting on with the job at hand.

    Pulp Fiction is full of witty and quotable monologues and dialogue, ranging from the philosophical to the mundane. Conversations about foot massages and blueberry pie bump up against Bible verses and reflections on fate and redemption.

    The film’s 1995 Oscar for Best Original Screenplay was a fitting achievement for Tarantino, who many regard as the snappiest writer in film history. Countless other filmmakers have looked to replicate Pulp Fiction’s mashup of cool and coarse.

    Needle drops are just as important in establishing Pulp Fiction’s mood and tone. The film’s eclectic soundtrack pings between surf rock, soul and classic rock ‘n’ roll.

    The soundtrack peaked at No. 21 on the Billboard 200 in 1994 and stayed in the charts for more than a year.

    Dividing the critics

    Though it was officially released in October 1994, Pulp Fiction had already made a stir earlier that by winning the prestigious Palme d’Or at the Cannes Film Festival.

    Many expected Krzysztof Kieślowski’s Three Colours: Red to take the top prize. Tarantino himself seemed stunned, telling the Cannes audience: “I don’t make the kind of movies that bring people together. I make movies that split people apart.”

    The film has divided critics ever since.

    Many adored Pulp Fiction for its intoxicating allure and sheer adrenaline-fuelled pleasure. To this day it maintains a 92% critic score on Rotten Tomatoes. Film critic Todd McCarthy called it a film “bulging with boldness, humour and diabolical invention”.

    But the backlash was equally robust. Some criticised the film for its excessive gore and irresponsible use of racial slurs. Screenwriting guru Syd Field felt it was too shallow and too talky. Jean-Luc Godard, once one of Tarantino’s idol, apparently hated it.

    Nonetheless, its financial success (a box office return of US$213 million from an $8 million budget) signalled the growing importance and cultural prestige of independent US films. Miramax, the studio that backed it, went on to become a major force in the industry.

    The 1994 film made stars of Samuel L. Jackson and Uma Thurman.
    IMDB

    A lasting legacy

    Shortly after Pulp Fiction’s release, the word “Tarantinoesque” appeared in the Oxofrd English Dictionary. The entry reads:

    Resembling or imitative of the films of Quentin Tarantino; characteristic or reminiscent of these films Tarantino’s films are typically characterised by graphic and stylized violence, non-linear storylines, cineliterate references, satirical themes, and sharp dialogue.

    Pulp Fiction has since been parodied and knocked off countless times. Hollywood suddenly began mass-producing low-budget crime thrillers with witty, self-reflexive dialogue. Things to Do in Denver When You’re Dead (1995), 2 Days In The Valley (1996) and Very Bad Things (1998) are just some example.

    Graffiti artist Bansky even stencilled the likeness of Jules and Vincent all over London, with bananas in place of guns. The Simpsons got in on the act too.

    Tarantino once summed up his working method as follows:

    Ultimately all I’m trying to do is merge sophisticated storytelling with lurid subject matter. I reckon that makes for an entertaining night at the movies.

    I’d say there’s no better way to describe Pulp Fiction.

    Ben McCann does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. 30 years ago, Tarantino’s Pulp Fiction shook Hollywood and redefined ‘cool’ cinema – https://theconversation.com/30-years-ago-tarantinos-pulp-fiction-shook-hollywood-and-redefined-cool-cinema-236877

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Bitget Lists X Empire’s Token (X) on Pre-Market: Latest AI-Powered NFTs and Gaming on TON

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Oct. 13, 2024 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is excited to announce the listing of X Empire’s X Coin (X) on its Pre-Market platform, giving users early access to this rapidly growing project. Built on the TON blockchain, X Empire is an innovative AI-powered platform that merges digital identity creation with personalized NFTs and blockchain gaming. This move further establishes Bitget as a top platform for supporting Telegram Mini-App tokens, following the success of previous listings such as DOGS, Notcoin, and Hamster Kombat.

    Originally launched as a Telegram Mini-App Game, X Empire has quickly transformed into a comprehensive AI-based ecosystem. By combining blockchain and AI technologies, X Empire enables users to create and trade personalized NFT avatars. These avatars can be used both in gaming and as valuable digital assets, opening up new revenue opportunities for users. The integration with the TON blockchain ensures seamless NFT creation and transactions, making the platform highly accessible for both Web2 and Web3 users.

    Boasting over 36 million monthly active users and 22 million subscribers on Telegram, X Empire has emerged as a leading project within the TON ecosystem. With over 7 million views per post and 100,000+ interactions, X Empire is one of the most engaged platforms in the mini-app gaming space, offering users an immersive experience that goes beyond just gaming.

    With Bitget’s pre-market listing, users have exclusive early access to X Coin, the native token of X Empire. This pre-market offering introduces a voucher system, where a single voucher represents 69,000 $X tokens. Currently, 250,000 wallet addresses hold the token, with a total transaction volume of 273,000 TON on-chain. This gives traders a significant opportunity to be among the first to access this innovative AI-powered token.

    Bitget continues to focus on supporting the TON ecosystem and Telegram-based mini-app projects. The Bitget Telegram Apps Page currently offers over 600 apps and bots for users to explore, including games, Web3 services, and play-to-earn opportunities. Through this platform, users can quickly discover new apps, engage with various gaming models, and benefit from airdrops offered by the latest projects.

    Bitget’s ongoing support for projects like X Empire reflects its commitment to expanding the TON ecosystem. According to the latest Bitget Research Report, Telegram mini-app tokens have seen rapid growth, contributing to millions in Total Value Locked (TVL) on the TON blockchain. By listing X Coin and other tokens like CATI, DOGS and HMSTR, Bitget provides its users with early access to some of the most promising projects in the space.

    Gracy Chen, CEO of Bitget, commented: “X Empire represents a new frontier in the fusion of AI, gaming, and blockchain technology. With its large, engaged community and innovative approach to personalized NFT avatars, X Empire is set to revolutionize how users experience digital identity and blockchain-based gaming. We are thrilled to offer our users early access to X Coin through our pre-market platform, giving them a head start on what promises to be a highly sought-after token in the TON ecosystem.”

    Bitget remains a leader in providing early-stage access to trending and innovative tokens, continuing to bridge the gap between centralized and decentralized finance by offering its users cutting-edge products and services.

    For more information and to explore X Coin and other exciting mini-app tokens, visit Bitget’s Pre-Market.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including being the Official Crypto Partner of the World’s Top Professional Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dbc07e81-5f53-4e63-b628-97579d156c46

    The MIL Network –

  • MIL-OSI Europe: OSCE-supported Organic Expo 2024 fosters sustainable agriculture in Central Asia

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: OSCE-supported Organic Expo 2024 fosters sustainable agriculture in Central Asia

    Ambassador Alexey Rogov, Head of the OSCE Programme Office in Bihskek speaks at the Organic Expo 2024. (OSCE) Photo details

    20 – 22 September, Kyrgyzstan – Bishkek hosts the Organic Expo 2024 – a significant milestone in Central Asia’s agricultural development. This regional event aimed to promote sustainable practices, organic farming, and preservation of biodiversity in mountainous areas.
    The Organic Expo brought together over 200 farmers, entrepreneurs, government officials along with 50 experts and speakers from Kazakhstan, Kyrgyzstan, Uzbekistan, Turkmenistan, Mongolia, Russia, and Germany to take active part in a diverse agenda encompassing organic agriculture, ecology, climate change, and sustainable development.
    To enhance regional organic agriculture and strengthen co-operation among Central Asian countries a practical three-day Regional Forum was conducted as a side event to the Expo. Keynote speakers underscored that organic farming is crucial for food security, boosting export potential, and combating climate change.
    Head of the OSCE Programme Office in Bishkek, Ambassador Alexey Rogov stated, “This forum is a vital step toward promoting organic agriculture as the backbone of a sustainable economy in Central Asia.”
    Organic Expo 2024, supported by the Ministry of Water Resources, Agriculture, and Processing Industry of Kyrgyzstan, the Secretariat of the Special Representative of the President for the Implementation of the Five-Year Programme for Mountain Region Development, and international organizations, contributed to the exchange of agricultural practices in the region. The Expo fostered a unified approach to achieving sustainable development goals by promoting innovative, eco-friendly farming methods and strengthening collaboration across the region.

    MIL OSI Europe News –

  • MIL-OSI New Zealand: Stronger fuel reserves to drive economic stability

    Source: New Zealand Government

    New Zealand’s fuel resilience is being strengthened to ensure people and goods keep moving and connected to the world in case of disruptions, Associate Energy Minister Shane Jones says.

    “Fuel security is a priority for the Coalition Government. We are acutely aware of how important engine fuels are to our economy and the impacts a fuel disruption would have on New Zealanders. New Zealand imports nearly all of its engine fuels, making us particularly vulnerable to international and domestic supply disruptions,” Mr Jones says.

    “Ensuring we hold enough reserve stocks in the right place to ride out possible disruptions is a key pillar of fuel security. It is a critical insurance policy needed to safeguard against the potentially devastating impacts that a severe and sustained fuel disruption might have.

    “The previous government introduced a minimum stockholding obligation, which means from 1 January 2025 fuel importers will be required to hold 28 days’ cover for petrol, 24 days for jet fuel and 21 days for diesel.

    “Importantly, the minimum stockholding obligation regulations introduce a new information disclosure rule which enables government to have much clearer oversight over how much fuel is held in New Zealand.

    “However, I am not satisfied that 21 days’ cover for diesel is enough, nor is the jet fuel stockholding rule sufficient to avoid disruptions to international aviation such as that we experienced in 2017.

    “Diesel is our most important fuel – it keeps food and people moving through our country. Without it, New Zealanders would struggle to access everything they need. We need to hold enough diesel onshore to keep essential goods moving through the country and vital services running, even if fuel supply chains have been disrupted. 

    “For this reason, I am seeking feedback on increasing diesel reserves to 28 days’ stock to help reduce any potential impact of a disruption to supply.

    “I am also concerned about security of supply of jet fuel at Auckland Airport. In September I informed the fuel companies which own the jet fuel infrastructure at the airport of my plan to seek Cabinet agreement on regulations that would mandate sufficient jet fuel to be held near Auckland Airport.

    “Auckland Airport is New Zealand’s gateway to the world – 75 per cent of all international seat capacity into New Zealand and 90 per cent of all long haul flights come into Auckland. 

    “New Zealand found out the hard way in 2017 when jet fuel supply was disrupted, forcing planes to be diverted and reducing our connection with the world. Further issues with jet fuel quality in 2022 reinforce the need for action. 

    “Despite the 2019 Government Inquiry into the 2017 Auckland Fuel Supply Disruption recommending jet fuel companies urgently increase their jet fuel holdings near Auckland airport, little progress has been made. Establishing a location-specific jet fuel stockholding requirement would ensure the jet fuel companies act to secure enough fuel is on hand to ride out any disruption to supply.

    “Along with reversing the ban on oil and gas exploration, these actions will further strengthen New Zealand’s resilience and self-determination to ensure disruptions to our energy supply do not halt the economy,” Mr Jones says.

    Read the discussion document on increasing diesel reserves from 21 to 28 days and have your say here: https://www.mbie.govt.nz/have-your-say/options-for-improving-our-diesel-resilience. Consultation closes on December 6.

    MIL OSI New Zealand News –

  • MIL-Evening Report: The Voice defeat set us all back. And since then, our leaders have given up

    Source: The Conversation (Au and NZ) – By James Blackwell, Research Fellow (Indigenous Diplomacy), Australian National University

    It’s one year since the failed referendum to enshrine a First Nations Voice to Parliament in the Australian Constitution.

    The vote represents a moment of deep sadness and frustration for many First Nations people for the lost opportunity to move towards meaningful change in our lives, communities and for our futures. Many elders and old people will likely not live to see change.

    I was one of the many people in the Uluru Dialogue at UNSW who worked last year across the country educating on and advocating for the constitutional change. I spoke to communities across New South Wales, Victoria and the ACT, from Boorowa to Melbourne.

    I not only saw the campaign first-hand, I also have read every think piece imaginable in the 12 months since about why the referendum failed.

    A ceaseless blame game

    From the expected pieces blaming the usual suspects (Prime Minister Anthony Albanese, Opposition Leader Peter Dutton, Indigenous peoples, the Yes campaign, the No campaign and the media), there were also some weirder supposed culprits.

    Some blamed “wokeness”, Donald Trump and dark money, secret elites, identity politics, and all manner of culture war issues.

    To my mind, no single thing doomed the Voice. It was a mix of a lot of the above.

    Albanese treating the referendum like an election campaign but without the usual level of resourcing and advocacy. The Coalition’s outright opposition to the idea (despite previous indications of support). The media’s failure to grapple with Indigenous issues and dogmatic insistence on giving prominence to “both sides” of the debate.

    The YES23 organisation was also disorganised from the start. Yes campaigners were forced onto the back foot daily by relentless misinformation, seemingly deliberate, from the No campaign.



    Read more:
    Why did the Voice referendum fail? We crunched the data and found 6 reasons

    This built on a distinct lack of civic education among most Australians.

    It was further amplified by the No campaign’s very successful “If you don’t know, vote no” slogan – the idea being that their untruths warranted little scrutiny.

    That’s on top of a large undercurrent of racism that was never properly called out, and which has never been properly addressed.

    Campaigns like this are something we as a nation haven’t come to terms with. We’ve seen in the United States how effective misinformation can be at confusing people, creating false senses of reality and distorting public perception.

    Even if Australians supported the ideas behind the Voice in the abstract, neither they nor the media were prepared for the level of dishonesty and bad dealing from the No campaign. It was never a fair fight.

    No, no, and no again

    The Voice to Parliament represented a consensus plea from Indigenous communities for systemic reform. The idea was that the structure of the Australian political system was, either by design or outcome, causing many of the social and economic issues that we face, and therefore a structural solution was needed.

    The No campaign claimed after the referendum that the result was a rejection of this idea of a Voice to Parliament as a solution to issues in Indigenous communities or among Indigenous peoples more generally, “because it wasn’t going to fix the things that needed to be fixed”.

    Prominent No campaigner Warren Mundine even called the referendum the “most divisive, most racially charged attack on Australia I’ve ever seen”.

    “Australia has voted no to the Voice of division”, was the common refrain from people like Pauline Hanson and other No campaigners. Australians “wanted practical solutions” to Indigenous issues, not a body without any detail that wouldn’t hear “real communities”.

    I am not bringing up these issues again to relitigate the issues of the referendum. Instead, I want to ask a very important question: the Voice to Parliament was designed to address our systemic disadvantage, so what solutions to these serious structural issues have any of the No campaigners offered in the past 12 months?



    Read more:
    A royal commission won’t help the abuse of Aboriginal kids. Indigenous-led solutions will

    We have seen some policies from the Coalition. Plans to reduce “fly in, fly out” workers in remote communities. Reforming land rights and native title. A royal commission into child sexual abuse in Indigenous communities. Less need for programs with “a specific Indigenous focus” in urban areas, where most First Nations people live.

    Some of these are just a rehash of failed Coalition policies of the past, as many others have mentioned. Some appear to have come personally from Senator Jacinta Price and are seemingly not backed by experts (or many people in Indigenous communities). Others appear to be tied directly into conservative political talking points, rather than really addressing Indigenous need.

    The Coalition also abandoned its plan for an alternative second referendum almost immediately after the failed vote.

    The Coalition and other leading No campaigners clearly have no plans to address the structural issues facing our peoples. They’re only offering more of the regular policy tinkering and seesawing we have seen far too often before.

    Abandoning the cause

    The same is true of the government. I have already written for this masthead about the government’s abject failures at implementing the Closing the Gap targets and its lack of meaningful consultation.

    The government’s current attempts at Indigenous policy remain exercises in seeking consent over genuine consultation. Its proposed “economic empowerment” agenda for First Nations peoples is a perfect example.

    Aside from the lack of codesign and meaningful engagement, such policies have been bandied about for the better part of two decades and still have not substantively moved the dial.

    The pursuit of market-based wealth for some privileged few First Nations peoples and communities, under the guise of closing the gap, as well as focusing on the overexaggerated benefits of renewable energy as a driver of Indigenous economic power, is not “economic development” for all mobs.

    The policy focus was also announced as Albanese abandoned his commitment to a Makaratta Commission – the Treaty and Truth components that were meant to follow the Voice to Parliament.

    These ideas fall into the same tired policy stereotypes of throwing money at some of the usual organisations and peoples who have long benefited, and claiming this solves the systemic problems we face. The problem isn’t money, it’s the very rules of the game.

    Charting a way forward

    Research following the referendum shows that 87% of Australians think First Nations peoples should be able to decide for ourselves about our way of life. Moreover, 64% think the disadvantages faced by our communities warrant extra government attention, and 68% believe this disadvantage comes from “past race-based policies”.

    Only 35% believe Indigenous peoples are now treated equally to other Australians, and only 37% believe injustices faced by our community are “all in the past”.

    This clearly shows a level of recognition by the Australian people that something needs to be done about Indigenous policy and the structural issues in this country.

    According to the same data, 87% of Australians agree it is “important for First Nations peoples to have a voice/say in matters that affect them”. This jumps to 98.5% among Yes voters, but also is true of 76% of No voters.

    This suggests that Australian people see the problem and can identify the structural issues.

    The real work, then, is on civics education, getting people to understand that the structural issues they can see need structural change; but also making them more aware of the effects of misinformation. It’s not right that proposals that should get the support of the Australian people can be derailed the way this was.

    But what also isn’t right is the current abdication of Indigenous policy by both major parties and their abandonment of any attempt to remedy structural issues. Following the referendum, the major parties have given up.

    To paraphrase myself from February’s Closing the Gap announcement: the next time you run into an MP, ask them what their plan for Indigenous people is. Ask them not just about closing the gap, but to fix the structural issues that so clearly disadvantage our people.

    That’s the question no one wants to answer, but it’s what we need to do if we are to move on from the 2023 referendum in a positive direction.

    James Blackwell is a member of the Uluru Dialogue at UNSW. He is also an Independent Councillor for Hilltops Council in NSW.

    – ref. The Voice defeat set us all back. And since then, our leaders have given up – https://theconversation.com/the-voice-defeat-set-us-all-back-and-since-then-our-leaders-have-given-up-239732

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Electric car sales have slumped. Misinformation is one of the reasons

    Source: The Conversation (Au and NZ) – By Milad Haghani, Senior Lecturer of Urban Analytics & Resilience, UNSW Sydney

    Karolis Kavolelis/Shutterstock

    Battery electric vehicle sales in Australia have flattened in recent months. The latest data reveal a sharp 27.2% year-on-year decline (overall new vehicle sales were down 9.7%) in September. Tesla Model Y and Model 3 cars had an even steeper drop of nearly 50%.

    Sales also fell in August (by 18.5%) and July (1.5%). There’s a clear downward trend.

    Before this downturn, electric vehicle sales had been rising steadily, supported by increased choices and government incentives. In early 2024, year-to-date sales continued to grow compared to the same period in 2023. Then, in April, electric vehicle sales fell for the first time in more than two years.

    Australia isn’t simply mirroring a broader global trend. It’s true sales have slowed in parts of Europe and the United States — often due to reduced incentives. But strong sales growth continues in other regions, such as China and India.

    A range of factors or combinations of them could help explain the trend in Australia. These include governments axing incentives, concerns about safety and depreciation, and misinformation.

    Governments are cutting incentives

    Electric vehicles typically cost more upfront. However, the flood of cheaper Chinese vehicles is lowering the cost barrier.

    Federal, state and territory governments also provide financial incentives to buy electric vehicles. These have been among the main drivers of sales in Australia.

    Nationally, incentives include a higher luxury car tax threshold and exemptions from fringe benefits tax and customs duty. But several states and territories have scaled back their rebate programs and tax exemptions in 2023 and 2024.

    New South Wales and South Australia ended their $3,000 rebates on January 1 this year. At the same time, NSW ended a stamp duty refund for new and used zero-emission vehicles up to a value of $78,000. Both incentives had been offered since 2021.

    Victoria ended its $3,000 rebate, also launched in 2021, in mid-2023.

    In the ACT, the incentive of two years’ free registration closed on June 30 2024.

    Queensland’s $6,000 electric vehicle rebate ended in September.

    The market clearly responded to these changes. However, reduced financial incentives alone cannot explain the full picture. Despite several rounds of price cuts, sales of popular Tesla models are falling.

    Buyers are increasingly opting for hybrid vehicles instead. In September, sales of hybrid and plug-in hybrid vehicles were up by 34.4% and 89.9%, respectively.

    These sales trends reflect other consumer concerns beyond just the upfront cost.

    Resale value worries buyers

    One major issue for car buyers in Australia, and globally, is uncertainty about their resale value. Consumers are concerned electric vehicles depreciate faster than traditional cars.

    These concerns are particularly tied to battery degradation, which affects a car’s range and performance over time. And batteries account for much of the vehicle’s total cost. Potential buyers worry about the long-term value of a used electric vehicle with an ageing battery.

    For example, a 2021 Tesla Model 3 Standard Range Plus with nearly 85,000km currently lists for about $34,000. It has lost roughly half its value in just three years.

    While Tesla offers transferable four-year warranties and software updates, the rapid evolution of EV technology also makes older second-hand models less desirable, further reducing their value.

    Fires raise fears about safety

    Electric vehicle fires have made headlines globally. This has created doubts among consumers about the risks of owning them.

    In Korea, a high-profile battery fire in August 2024 led to a ban on certain electric vehicles from underground car parks. While similar bans are not common in Australia, some have been reported. These could have harmed local consumer confidence.

    Incidents of electric vehicle fires have increased along with vehicle numbers. Statistically, these vehicles are not more prone to fires than conventional cars – in fact, the risk is clearly lower.

    For example, analysis of publicly available statistics from South Korean government agencies, one of the early adopters of electric vehicles, show the number of fires per registered electric vehicle is steadily increasing. Fire risk remains lower than for traditional vehicles, although the gap is shrinking as the electric vehicle fleet ages. And the highly publicised nature of their fires is a source of growing buyer hesitancy.

    Electric vehicle fires in Korea are increasing with EV numbers, but the rate is still less than for petrol or diesel cars.
    Author provided using data from South Korean government agencies, CC BY

    Misinformation and politicisation are rampant

    The full environmental benefits of electric vehicles depend on widespread adoption. However, there is a wide gap between early adopters’ experiences and potential buyers’ perceptions.

    Persistent misconceptions include exaggerated concerns about battery life, charging infrastructure and safety. Myths and misinformation often fuel these concerns. Traditional vehicle and oil companies actively spread misinformation in campaigns much like those used against other green energy initiatives.

    In response, coalitions such as Electric Vehicles UK have formed to combat these false narratives and promote accurate information.

    The politicisation of green initiatives adds to the challenge. When electric vehicles become associated with a specific political ideology, it can alienate large parts of the population. Adoption then becomes slower and more divisive.

    Green transition is a work in progress

    The electric vehicle market in Australia is facing challenges, despite the growing variety of models and price cuts.

    The EV sales trend signals deeper issues in the market. Broader trends, such as the dominance of SUVs and utes, underscore the fact that while the transition to greener vehicles is progressing, it remains uneven.

    Further efforts will be needed to reduce misconceptions and misinformation, and bridge the gap between owners’ experience and potential buyers’ perceptions. Only then can Australia enjoy the environmental benefits of widespread EV adoption.

    Hadi Ghaderi receives funding from the iMOVE Cooperative Research Centre, Transport for New South Wales, Queensland Department of Transport and Main Roads, Victorian Department of Transport and Planning, Department of Infrastructure, Transport, Regional Development, Communications and the Arts, IVECO Trucks Australia limited, Victoria Department of Education and Training, Australia Post, Bondi Laboratories, Innovative Manufacturing Cooperative Research Centre, Sphere for Good, Australian Meat Processor Corporation,City of Casey, 460degrees and Passel.

    Milad Haghani does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Electric car sales have slumped. Misinformation is one of the reasons – https://theconversation.com/electric-car-sales-have-slumped-misinformation-is-one-of-the-reasons-240545

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI New Zealand: Wellington City Council must dig deep to cut the waste

    Source: ACT Party

    ACT’s Local Government spokesperson Cameron Luxton is urging Wellington City Council to dig deep on cuts to wasteful spending as it revisits its long-term plan following the cancellation of the sale of the Council’s airport shares this week.

    “With or without the sale, it’s clear that that the council is spending far too much, hiking rates too far, and strangling the life out of the city,” says Mr Luxton.

    “It is a failure of governance that the Mayor and those councillors in favour of the sale were not able to convince their colleagues that the proceeds from the sale would not be wasted.

    “No council should own an airport, but equally, no council should be spending as recklessly as Wellington is.

    “Looking at the previously approved long-term plan, and related documents, obvious areas for savings include:

    • $112.9m to remove car access along the Golden mile
    • At least $104.4m on rescuing the city library
    • $115.2m on cycle lanes
    • $114m on a food waste recycling scheme and wheelie bins for general rubbish to be collected less frequently than the status quo

    “These obvious areas for savings just scratch the service but collectively would far outstrip the roughly $321 million value of the airport shares.

    “With the dire state of the council’s finances, even sacred cows like the wrecked Town Hall and the zoo should be on the table for sale.

    “This week’s decision was a scathing indictment on the Council’s ability to serve the people on Wellington. But if the failure to sell airport shares forces the Council to take a hard look at its spending, that’s a silver lining.

    “The introduction of unelected commissioners, as we saw in Tauranga, would be a disastrous outcome. Wellington’s council must urgently demonstrate its competence, dig deep to cut low-value spending and liquidate assets, and finally show some respect to ratepayers.”

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Economy – RBNZ Governor Adrian Orr’s Keynote Speech: Improving Māori Access to Capital

    Source: Reserve Bank of New Zealand

    14 October 2024 – New Zealand needs a system-wide approach to improving Māori access to capital to unlock economic potential, Reserve Bank of New Zealand – Te Pūtea Matua Governor Adrian Orr says in a speech delivered today.

    In his speech, Governor Orr discusses the recognition across the financial system that more needs to be done to enable Māori access to capital and participation in investment opportunities.

    “Improving Māori access to capital is a powerful enabler we all need to collectively prioritise,” Mr Orr says.

    With Māori projected to make up 20 percent of New Zealand’s labour force by 2040, the Governor reaffirmed the commitment of the Reserve Bank of New Zealand to ensuring that the financial system is inclusive.

    “We will continue to highlight the importance of collaboration and the need to focus on improving Māori access to capital,” Mr Orr says.

    The Governor acknowledged recent progress made across the financial system, reflecting on the efforts from iwi, the private and public sector, and within Te Pūtea Matua.

    “Despite the great work that is already happening in this space, there are signs that more effort is needed,” Mr Orr says.

    “My hope is that equity funding does more to improve Māori access to capital and unlock investment opportunities and choices to provide real benefits to all of Aotearoa,” Mr Orr says.

    More information

    Improving Māori Access to Capital – Reserve Bank of New Zealand – Te Pūtea Matua (rbnz.govt.nz) https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=4f3c2b70d0&e=f3c68946f8

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Government and sector to improve Forestry ETS Registry

    Source: New Zealand Government

    Forestry Minister Todd McClay today announced the establishment of a Forestry Sector Reference Group to drive better outcomes from the Forestry Emissions Trading Scheme (ETS) Registry.

    “We are committed to working with the forestry sector to provide greater transparency and engagement on the forestry ETS registry as we work to reduce costs.  

    “This group will help the Government to restore confidence and certainty for Forestry”, Mr McClay says.

    The establishment of the Reference Group follows an independent review of the operational costs of the forestry ETS Register announced earlier this year.

    “Forest owners have raised concerns about the excessive costs that had been imposed upon them by the previous Labour government who put a $30.25 per hectare annual levy for participation in the Registry. 

    “I agree with the sector that this cost is unreasonable – the Reference Group is part of our response to reduce costs and drive greater efficiency.

    “In response, the Government has cancelled the 2023/24 annual charge that forest owners were required to pay to participate in the ETS Registry.

    “Today I am releasing the independent report that outlines where the current system fell short of the Coalition Government and sector’s expectations.

    “The 4,000 plus forestry participants deserve to have confidence in the system designed to manage their ETS obligations. There is a cost to the register, but they shouldn’t have to pay for the last government’s mistakes,” Mr McClay says.

    “any of the issues identified in the report have now been addressed, and the Reference Group will help prioritise work that can reduce the cost and unnecessary regulatory duplication in the ETS Registry. The Government will shortly consult on a new Forestry ETS Registry Levy for the 2024/2025 financial year.

    “Forestry plays an important role in helping New Zealand meet its emissions reductions obligations and grow our economy.”

    The independent review of the Forestry ETS Operational Costs report is available HERE

    MIL OSI New Zealand News –

  • MIL-OSI China: Premier Li urges Chinese, Vietnamese entrepreneurs to boost cooperation

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

    HANOI, Oct. 13 — Chinese Premier Li Qiang said here Sunday it is hoped that Chinese and Vietnamese entrepreneurs actively follow the general trend, better seize opportunities and further strengthen cooperation for greater development of their own businesses and contribute to the common development of the two countries.

    He made the remarks when addressing a symposium gathering representatives of Chinese and Vietnamese entrepreneurs. Vietnamese Prime Minister Pham Minh Chinh also attended the symposium.

    Li noted that in recent years, with both sides’ joint efforts, China-Vietnam relations have developed steadily, and practical cooperation has yielded fruitful results.

    China and Vietnam are traditional socialist friendly neighbors, and their respective development is an important opportunity for each other, he said, adding that economic and trade cooperation has always been a highlight of China-Vietnam cooperation and an important source of driving force for advancing bilateral ties.

    Looking ahead, Li said, there is still more space for expansion and greater potential to be tapped in the further alignment of the development strategies of the two countries, stronger connectivity, the release of complementary advantages, as well as economic and trade cooperation.

    The two countries share the same social system, strong political mutual trust, geographical proximity and affinity among their people, and enjoy a profound friendship of “comrades and brothers,” which has laid a solid foundation for bilateral cooperation.

    The Chinese premier called on the entrepreneurs to more actively engage in national development strategies, and make full use of multilateral and bilateral economic and trade cooperation agreements and policy dividends such as the Regional Comprehensive Economic Partnership and the Version 3.0 China-ASEAN Free Trade Area.

    Li proposed that the entrepreneurs should jointly promote the integrated development of industries, deepen mutual integration of supply and demand, and build stable and smooth cross-border industrial and supply chains.

    He also urged the two countries’ entrepreneurs to pool innovation and creativity, and strengthen the whole-chain innovation cooperation between industry, academia, research and utilization, with a particular focus on clean energy, biomedicine and artificial intelligence, so as to jointly foster and strengthen new driving forces for the development of the two countries.

    Vietnamese Prime Minister Pham Minh Chinh said that under the guidance of the top leaders of the two parties and the two countries, Vietnam and China have deepened and solidified bilateral relations, bringing the ties into a new era of building a community with a shared future for Vietnam and China.

    Noting that China is Vietnam’s largest trading partner, and Vietnam is China’s largest trading partner in ASEAN, he said economic and trade cooperation has become a highlight and an important pillar of the friendly relations between the two countries.

    Pham Minh Chinh said Vietnam is willing to work with China in the spirit of mutual benefit and win-win cooperation, further give play to complementary advantages, fully tap potential, improve the level of corporate cooperation, promote cooperation on finance, technology, investment, transportation infrastructure, digital economy, green economy, and production and supply chain connectivity, and strengthen coordination within the framework of regional economic integration.

    “The Vietnamese government will continue to provide a sound business environment for enterprises and welcome Chinese enterprises to continue to expand their investment in Vietnam,” he said.

    The Vietnamese head of government also expressed the hope that enterprises from the two countries will jointly deepen practical cooperation, and boost the growth of bilateral relations and the respective development processes of Vietnam and China.

    Representatives of participating enterprises said that the strategic guidance of the two countries’ top leaders has injected strong impetus into China-Vietnam economic and trade cooperation.

    They said the Belt and Road initiative is highly compatible with the Two Corridors and One Economic Circle strategy, and the business communities of the two countries are optimistic about the development prospects in each other’s markets and have firm confidence in deepening cooperation.

    They expressed the willingness to seize opportunities to further promote cooperation on finance, transportation infrastructure construction, digital economy, green energy, communications and logistics.

    MIL OSI China News –

  • MIL-OSI United Kingdom: Press release: Major investment deals set to be announced at government’s inaugural International Investment Summit as PM vows to ‘remove needless regulation’ declaring Britain open for business

    Source: United Kingdom – Prime Minister’s Office 10 Downing Street

    Billions worth of investments in emerging growth sectors including AI and life sciences, and infrastructure are set to be unveiled by businesses and ministers at the government’s inaugural International Investment Summit today.

    • Ministers set to unveil billions worth of major investment deals in AI, life sciences and infrastructure
    • Follows investment of £24 billion in clean energy from business leaders hailing the UK’s “clear policy direction”
    • Comes as leading investors, CEOs, and politicians convene for inaugural International Investment Summit
    • PM vows to “do everything in my power to galvanise growth” as he pledges to “get rid of regulation that needlessly holds back investment”

    Billions worth of investments in emerging growth sectors including AI and life sciences, and infrastructure are set to be unveiled by businesses and ministers at the government’s inaugural International Investment Summit today (Monday 14th October).

    World leading CEO’s and investors from across the globe will meet with ministers, First Ministers, and local leaders at the Guildhall – a historic landmark which has served as the ceremonial heart of the City of London for centuries. 

    Securing investment is central to the government’s mission to deliver economic growth which will create jobs, improve living standards, and make communities and families across the country better off.  

    The government has already secured tens of billions worth of investments within 100 days of being in office. The International Investment Summit will provide an opportunity to build on this progress and showcase the UK’s economic strengths. The event will demonstrate that through serious, stable governance, the UK can establish enduring partnerships with businesses to boost investment and give investors the confidence they need to choose Britain. 

    In a sign of intent to deliver on its central promise, this government has immediately made a series of major interventions to restore economic stability and create the right conditions for growth and investment. Business leaders this week hailed the UK’s “clear policy direction” as they announced over £24 billion worth of investment in clean energy projects.

    The government’s policy platform – including bolstering the Office for Investment, a robust Industrial Strategy, major planning reforms to unlock infrastructure and housing, and founding a National Wealth Fund to catalyse private money – will attract investment, kickstart growth, and unlock Britain’s potential. 

    In his keynote speech opening the summit, the Prime Minister will outline how the government will build on this work, with a vow to “do everything in my power to galvanise growth including getting rid of regulation that needlessly holds back investment.” 

    He is expected to say not enough has been done to make sure the UK is keeping pace with emerging industries. He will pledge to “upgrade the regulatory regime to make it fit for the modern age, making Britain fit to harness all opportunities.”

    In his keynote speech, the Prime Minister will make his ‘pitch for Britain’. On the value of stability, the Prime Minister is expected to say: 

    “It’s not just that stability leads to growth – though we all recognise that. It’s also that growth leads to stability. Growth leads to a country that is better equipped to come together and get its future back. That’s why it’s always been so critical to my project.

    “We have a golden opportunity to use our mandate, to end chop and change, policy churn and sticking plasters that make it so hard for investors to assess the value of any proposition. 

    “We have the determination, the focus on clear long-term ends, a mission-led mindset that thinks in years, not the days or hours of the news grid, needed to unlock that potential. Do not doubt that. 

    “We are focusing on investment because the mission of growth, in this country especially, demands it. Private sector investment is the way we rebuild our country and pay our way in the world. This is a great moment to back Britain. This is great moment to back England, Scotland, Northern Ireland and Wales.”

    On regulation, he is expected to say: 

    “We’ve got to look at regulation where it is needlessly holding back the investment, to take our country forward.

    “Where it is stopping us building the homes, the data centres, warehouses, grid connectors, roads, trainlines, you name it then mark my words – we will get rid of it.

    “We will rip out the bureaucracy that blocks investment and we will make sure that every regulator in this country take growth as seriously as this room does.”

    The government will ask the CMA to prioritise growth, investment, and innovation through their work as a priority and it will also be reviewing the focus of other major regulators. 

    The regulatory review is just one part of the government’s work ensuring Britain is at the front of the queue for emerging opportunities. It builds on the recent creation of the Regulatory Innovation Office, which will curb red tape for cutting-edge emerging technologies, speed up approvals, and allow them to be rolled out to the public safely and quickly. 

    These changes come at the same time as the government delivers on a key manifesto promise to establish a modern Industrial Strategy. Long called for by business, the strategy hardwires long-term stability for investors and plays to the UK’s strengths by focusing on eight growth-driving sectors. 

    The summit will involve sessions with ministers and business leaders to discuss how together we can ensure the UK capitalises on emerging growth sectors including health tech and AI, clean energy and creative industries, for the good of working people. Confirmed speakers including Ruth Porat President & Chief Investment Officer of Alphabet, David A. Ricks Chair and CEO of Eli Lilly, Alex Kendall CEO of Wayve and Pushmeet Kohli Vice President of Research at Google DeepMind. 

    The Prime Minister will take part in an “in conversation” event with former CEO and chairman of Google Eric Schmidt, moderated by CEO of GSK Dame Emma Walmsley to discuss how the UK can seize the opportunities of AI to drive growth and productivity, and it’s potential to improve public services such as health and education.

    The Chancellor will close the summit and take part in a panel event discussing investment opportunities in the UK with Group Chief Executive of USS Carol Young, Chairman and CEO of BlackRock Larry Fink and CEO of Brookfield Asset Management Bruce Flatt.

    Attendees will then be invited to an exclusive reception at St Paul’s Cathedral attended by His Majesty The King. 

    Investment Minister Poppy Gustafsson OBE said: 

    “It’s never been a better time to invest in Britain. This summit is a hugely significant moment to showcase the UK’s economic strengths on the world stage and I’m delighted to be part of the government’s important work to drive growth and investment across the UK.”

    Mayor of London, Sadiq Khan said: 

    “I’m delighted to be attending the International Investment Summit. With a new government, we are reclaiming Britain’s reputation as a magnet for global investment – bringing with it new technology, new ways of thinking and, crucially, new jobs across our country, meaning higher living standards.  

    “London and the UK are open for business, trade and investment. I will continue working with the Government to forge new partnerships, reset relationships and seize the opportunity to secure long-term investment so that we can build a better London for everyone and deliver the change Britain needs.”

    Alex Kendall, Co-Founder and CEO of Wayve, said: 

    “I’m delighted to join the inaugural International Investment Summit. The UK has a strong opportunity to lead in Embodied AI, especially in automated vehicles. 

    “We appreciate the Government’s proactive collaboration with industry on intelligent legislation like the AV Act 2024. Their sector-specific approach to AI regulation is the right way to encourage both investment and innovation. 

    “As we advance our Embodied AI technology into safe, reliable, production-ready software for global automakers, we look forward to continuing to work with the Government to harmonise global regulations and scale UK innovation internationally.”

    Ruth Porat Chief Investment Officer at Alphabet Inc said:

    “Google is proud of our long history of meaningful investments in local talent, infrastructure and digital skilling in the UK which help everyone participate in the benefits of the digital economy. With the UK’s rich academic heritage, particularly in the sciences, it is well-positioned to capture the many opportunities that AI can deliver. 

    “The Investment Summit is an important moment to reflect on the progress to date, and how to best position the UK as a global leader in AI, with the economic and societal benefits this transformative technology can deliver today, and in the years ahead.”

    Updates to this page

    Published 14 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI: Nexif Ratch Energy Secures Financial Close for Its 145MWp Bacolod Solar Power Project in the Philippines

    Source: GlobeNewswire (MIL-OSI)

    METRO MANILA, Philippines, Oct. 14, 2024 (GLOBE NEWSWIRE) — Nexif Ratch Energy, a leading independent power producer focused on renewable energy solutions, is thrilled to announce the financial close of its 145MWp Bacolod Solar Power Project, its second solar power project in the Philippines.

    The Bacolod Solar Power Project, developed by Negros PH Solar Inc, is located across Bacolod City and Bago City in the Negros Occidental province. It is a 145 MWp ground-mounted solar photovoltaic project that will connect to NGCP’s Bacolod Substation and can potentially power to up to 52,600 households. Majority of its output will be sold through a 10-year Power Supply Agreement to a subsidiary of Aboitiz Power Corporation, with the remainder to the Wholesale Electricity Spot Market.

    The project investment of more than US$100m is funded by equity from Nexif Ratch Energy and project finance facilities from Security Bank Corporation and Philippine National Bank on a limited recourse basis, with SB Capital Investment Corporation acting as the Mandated Lead Arranger and Bookrunner and PNB Capital and Investment Corporation acting as Arranger.

    Construction is set to begin in October 2024, with the goal of achieving commercial operations by Q4 2025. Focus is now on an expansion on the existing site, through increased solar PV capacity of up to 20 MW and a Battery Energy Storage System.

    Beyond its Calabanga and Bacolod solar projects, Nexif Ratch Energy is developing wind energy projects including the San Miguel Bay Project, a nearshore wind project with a capacity of up to 500 MW and the Lucena Project, an offshore wind project with a capacity of up to 475 MW.

    Mr Surender Singh, Chairman of Nexif Ratch Energy, said “The successful financial close of our 145MWp Bacolod Solar Farm highlights the exceptional collaboration with our partners and the dedication of our local development team. We are excited to bring this project into construction. This Financial Close, in quick succession to start of commercial operations of Calabanga Solar project and rapid progress that more than 900 MW of the wind projects, showcase our commitment to Philippine renewable energy.”

    Mr. Sakarin Tangkavachiranon, Director of Nexif Ratch Energy, added: “Reaching financial close for the 145 MWp NPSI solar project is a key milestone in our growth in the Philippines. This achievement, along with the start of commercial operations for our CARE solar project, lays a strong foundation for accelerating the development of our offshore wind projects in the country.”

    For more information, please visit http://www.nexifratch.com.

    About Nexif Ratch Energy:

    Nexif Ratch Energy is a renewable energy company that originates, acquires, develops, constructs, and operates power projects in the Asia Pacific region. Headquartered in Singapore with regional offices across Southeast Asia, the Company has a 298 MW portfolio of operating and under construction hydro, solar and wind assets and a development pipeline of wind, solar, and energy storage projects totaling 3.5 GW.

    Nexif Ratch Energy is owned 51% by Nexif Energy (Singapore) and 49% by RATCH Group (Thailand).

    Media Contact:
    Chariya Poopisit
    Nexif Ratch Energy
    Communications@nexifratch.com

    The MIL Network –

  • MIL-OSI United Kingdom: Major investment deals set to be announced at government’s inaugural International Investment Summit as PM vows to ‘remove needless regulation’ declaring Britain open for business

    Source: United Kingdom – Executive Government & Departments

    Billions worth of investments in emerging growth sectors including AI and life sciences, and infrastructure are set to be unveiled by businesses and ministers at the government’s inaugural International Investment Summit today.

    • Ministers set to unveil billions worth of major investment deals in AI, life sciences and infrastructure
    • Follows investment of £24 billion in clean energy from business leaders hailing the UK’s “clear policy direction”
    • Comes as leading investors, CEOs, and politicians convene for inaugural International Investment Summit
    • PM vows to “do everything in my power to galvanise growth” as he pledges to “get rid of regulation that needlessly holds back investment”

    Billions worth of investments in emerging growth sectors including AI and life sciences, and infrastructure are set to be unveiled by businesses and ministers at the government’s inaugural International Investment Summit today (Monday 14th October).

    World leading CEO’s and investors from across the globe will meet with ministers, First Ministers, and local leaders at the Guildhall – a historic landmark which has served as the ceremonial heart of the City of London for centuries. 

    Securing investment is central to the government’s mission to deliver economic growth which will create jobs, improve living standards, and make communities and families across the country better off.  

    The government has already secured tens of billions worth of investments within 100 days of being in office. The International Investment Summit will provide an opportunity to build on this progress and showcase the UK’s economic strengths. The event will demonstrate that through serious, stable governance, the UK can establish enduring partnerships with businesses to boost investment and give investors the confidence they need to choose Britain. 

    In a sign of intent to deliver on its central promise, this government has immediately made a series of major interventions to restore economic stability and create the right conditions for growth and investment. Business leaders this week hailed the UK’s “clear policy direction” as they announced over £24 billion worth of investment in clean energy projects.

    The government’s policy platform – including bolstering the Office for Investment, a robust Industrial Strategy, major planning reforms to unlock infrastructure and housing, and founding a National Wealth Fund to catalyse private money – will attract investment, kickstart growth, and unlock Britain’s potential. 

    In his keynote speech opening the summit, the Prime Minister will outline how the government will build on this work, with a vow to “do everything in my power to galvanise growth including getting rid of regulation that needlessly holds back investment.” 

    He is expected to say not enough has been done to make sure the UK is keeping pace with emerging industries. He will pledge to “upgrade the regulatory regime to make it fit for the modern age, making Britain fit to harness all opportunities.”

    In his keynote speech, the Prime Minister will make his ‘pitch for Britain’. On the value of stability, the Prime Minister is expected to say: 

    “It’s not just that stability leads to growth – though we all recognise that. It’s also that growth leads to stability. Growth leads to a country that is better equipped to come together and get its future back. That’s why it’s always been so critical to my project.

    “We have a golden opportunity to use our mandate, to end chop and change, policy churn and sticking plasters that make it so hard for investors to assess the value of any proposition. 

    “We have the determination, the focus on clear long-term ends, a mission-led mindset that thinks in years, not the days or hours of the news grid, needed to unlock that potential. Do not doubt that. 

    “We are focusing on investment because the mission of growth, in this country especially, demands it. Private sector investment is the way we rebuild our country and pay our way in the world. This is a great moment to back Britain. This is great moment to back England, Scotland, Northern Ireland and Wales.”

    On regulation, he is expected to say: 

    “We’ve got to look at regulation where it is needlessly holding back the investment, to take our country forward.

    “Where it is stopping us building the homes, the data centres, warehouses, grid connectors, roads, trainlines, you name it then mark my words – we will get rid of it.

    “We will rip out the bureaucracy that blocks investment and we will make sure that every regulator in this country take growth as seriously as this room does.”

    The government will ask the CMA to prioritise growth, investment, and innovation through their work as a priority and it will also be reviewing the focus of other major regulators. 

    The regulatory review is just one part of the government’s work ensuring Britain is at the front of the queue for emerging opportunities. It builds on the recent creation of the Regulatory Innovation Office, which will curb red tape for cutting-edge emerging technologies, speed up approvals, and allow them to be rolled out to the public safely and quickly. 

    These changes come at the same time as the government delivers on a key manifesto promise to establish a modern Industrial Strategy. Long called for by business, the strategy hardwires long-term stability for investors and plays to the UK’s strengths by focusing on eight growth-driving sectors. 

    The summit will involve sessions with ministers and business leaders to discuss how together we can ensure the UK capitalises on emerging growth sectors including health tech and AI, clean energy and creative industries, for the good of working people. Confirmed speakers including Ruth Porat President & Chief Investment Officer of Alphabet, David A. Ricks Chair and CEO of Eli Lilly, Alex Kendall CEO of Wayve and Pushmeet Kohli Vice President of Research at Google DeepMind. 

    The Prime Minister will take part in an “in conversation” event with former CEO and chairman of Google Eric Schmidt, moderated by CEO of GSK Dame Emma Walmsley to discuss how the UK can seize the opportunities of AI to drive growth and productivity, and it’s potential to improve public services such as health and education.

    The Chancellor will close the summit and take part in a panel event discussing investment opportunities in the UK with Group Chief Executive of USS Carol Young, Chairman and CEO of BlackRock Larry Fink and CEO of Brookfield Asset Management Bruce Flatt.

    Attendees will then be invited to an exclusive reception at St Paul’s Cathedral attended by His Majesty The King. 

    Investment Minister Poppy Gustafsson OBE said: 

    “It’s never been a better time to invest in Britain. This summit is a hugely significant moment to showcase the UK’s economic strengths on the world stage and I’m delighted to be part of the government’s important work to drive growth and investment across the UK.”

    Mayor of London, Sadiq Khan said: 

    “I’m delighted to be attending the International Investment Summit. With a new government, we are reclaiming Britain’s reputation as a magnet for global investment – bringing with it new technology, new ways of thinking and, crucially, new jobs across our country, meaning higher living standards.  

    “London and the UK are open for business, trade and investment. I will continue working with the Government to forge new partnerships, reset relationships and seize the opportunity to secure long-term investment so that we can build a better London for everyone and deliver the change Britain needs.”

    Alex Kendall, Co-Founder and CEO of Wayve, said: 

    “I’m delighted to join the inaugural International Investment Summit. The UK has a strong opportunity to lead in Embodied AI, especially in automated vehicles. 

    “We appreciate the Government’s proactive collaboration with industry on intelligent legislation like the AV Act 2024. Their sector-specific approach to AI regulation is the right way to encourage both investment and innovation. 

    “As we advance our Embodied AI technology into safe, reliable, production-ready software for global automakers, we look forward to continuing to work with the Government to harmonise global regulations and scale UK innovation internationally.”

    Ruth Porat Chief Investment Officer at Alphabet Inc said:

    “Google is proud of our long history of meaningful investments in local talent, infrastructure and digital skilling in the UK which help everyone participate in the benefits of the digital economy. With the UK’s rich academic heritage, particularly in the sciences, it is well-positioned to capture the many opportunities that AI can deliver. 

    “The Investment Summit is an important moment to reflect on the progress to date, and how to best position the UK as a global leader in AI, with the economic and societal benefits this transformative technology can deliver today, and in the years ahead.”

    Updates to this page

    Published 14 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI Australia: North Coast small business lights up Paris and the Premier’s NSW Export Awards

    Source: New South Wales Premiere

    Published: 12 October 2024

    Released by: Minister for Industry and Trade

    A small business from the state’s mid north coast which helped light up the Paris Olympics has been named NSW Exporter of the Year at the Premier’s NSW Export Awards.

    Bellingen business Planet Lighting supplied 1,600 red and amber LED lights for ramps and pathways around the Olympic Village as part of an interactive installation that’s now a permanent fixture in the French capital.

    Planet Lighting is a small business success story – they’ve been manufacturing lights since the 1930s.

    They are one of the leading Australian suppliers of medical and surgical lights and export their custom-built products throughout Asia, Europe and the Americas.

    With a team of 50 employees, Planet Lighting meticulously designed and manufactured the light fixtures, partnering with local suppliers and international distributors to bring its LED display to the global stage.

    Planet Lighting was among 17 other NSW businesses from a diverse range of industries including agribusiness, manufacturing, creative arts and advanced technologies honoured last night at a gala ceremony at Sydney Town Hall.

    Now in its 62nd year, the Premier’s NSW Export Awards celebrate the success and resilience of NSW exporters, whose export of goods and services is worth $150 billion annually to NSW.

    Winners were announced across five state categories and 13 national categories. The national category winners will now progress as finalists for the Australian Export Awards, to be held in Canberra next month.

    For a full list of NSW award winners visit the Export Council of Australia.

    Minister for Industry and Trade Anoulack Chanthivong said:

    “Exports not only benefit individual businesses, they are a critical part of our economy, with trade supporting one in five Australian jobs.

    “The NSW Government is proud to support our wonderful exporting community. Accessing overseas markets can be a game-changer for NSW businesses looking to accelerate their growth, and this year’s award winners are doing exactly that – capitalising on the incredible opportunities that come through exporting.

    “A big congratulations to Planet Lighting and all our other NSW Export Award winners who are shining bright overseas and showcasing the best of what NSW has to offer the world.”

    Planet Lighting Managing Director Mia Iggulden said: 

    “We’re incredibly proud to be recognised amongst a strong field of NSW exporters.

    “Innovation and collaboration are at the heart of everything we do at Planet Lighting. Our partnerships with local suppliers and dedicated overseas distributors have been instrumental in our journey, allowing us to invest in advanced manufacturing technologies and create new local jobs. We’re excited to continue pushing the boundaries of lighting design, all while supporting the community we call home.”

    Chair of the Export Council of Australia Dianne Tipping said:

    “There was strong interest in this year’s awards with nominations from more than 200 NSW exporters.

    “Through the awards, we have celebrated exporters who have by hard work and resilience succeeded in global markets, whilst inspiring others to grow their own businesses by going global. They are taking NSW innovation onto the world stage, supporting jobs and economic growth for all.” 

    MIL OSI News –

  • MIL-OSI China: China ready to strengthen alignment of development strategies with Vietnam

    Source: China State Council Information Office

    Chinese Premier Li Qiang holds talks with Vietnamese Prime Minister Pham Minh Chinh in Hanoi, Vietnam, Oct. 13, 2024. [Photo/Xinhua]

    China stands ready to strengthen alignment of development strategies with Vietnam, carrying out the plan of synergizing the Belt and Road Initiative with Vietnam’s Two Corridors and One Economic Circle strategy, said Chinese Premier Li Qiang in Hanoi on Sunday.

    China and Vietnam both are developing countries standing at a critical stage in their modernization efforts, Li said when holding talks with Vietnamese Prime Minister Pham Minh Chinh, adding China firmly supports Vietnam in pursuing a path of socialism that suits its national conditions.

    Li reaffirmed China’s commitment to continuously improving and upgrading cooperation across various sectors with the Southeast Asian nation.

    China is ready to deepen cooperation with Vietnam in areas such as connectivity, trade, investment, tourism, healthcare, and disaster prevention and mitigation, as well as expand collaboration in local currency settlement and emerging industries, including the digital economy and green development, Li said.

    In August, Xi Jinping, general secretary of the Communist Party of China Central Committee and Chinese president, held talks with To Lam, general secretary of the Communist Party of Vietnam Central Committee and Vietnamese president, drawing a blueprint for and injecting fresh vigor into the development of China-Vietnam relations, Li said.

    China is willing to work with Vietnam to implement the important consensus reached by the leaders of the two parties and two countries, maintain high-level communication, and continuously build mutual trust, Li said.

    The Chinese premier also called on upholding the original aspiration of good-neighborliness and friendship, reinforcing confidence in the two countries’ respective paths and systems, strengthening solidarity and cooperation, expanding comprehensive strategic cooperation and deepening the building of a China-Vietnam community with a shared future that carries strategic significance.

    Li urged the two countries to take the opportunity of the 75th anniversary of their diplomatic relations and the China-Vietnam Year of People-to-People Exchanges, both taking place next year, to further deepen people-to-people and cultural exchanges, enhance mutual understanding between the two peoples, especially the younger generations, and carry forward the cause of China-Vietnam friendship.

    Li urged both sides to stick to the principle of friendly consultation, properly handle differences and expand maritime cooperation.

    China stands ready to work with Vietnam to strengthen coordination and cooperation with Vietnam at multilateral platforms such as the United Nations and APEC, strive for more just and rational global governance, safeguard the interests of developing countries, and play a leading role in the building of a community with a shared future for mankind.

    Pham, for his part, said Vietnam and China enjoy a close relationship of comrades and brothers, and that their traditional friendship grows ever stronger.

    Developing relations with China is a top priority and a strategic choice for the party and the government of Vietnam, Pham said, noting China is the only country that encompasses all of Vietnam’s foreign policy priorities.

    Vietnam abides by the one-China principle, supports China’s development and growth, as well as the series of global initiatives put forward by President Xi, Pham said. He thanked China for its long-term support and assistance to his country.

    Next year marks the 75th anniversary of Vietnam-China diplomatic relations, Pham noted, saying that guided by the important consensus reached by the leaders of both parties and countries, Vietnam stands ready to strengthen high-level exchanges and enhance synergy of development strategies with China.

    He also pledged to advance cooperation with China in finance, investment, agriculture and science and technology, accelerate connectivity in transportation infrastructure, explore new models such as cross-border economic cooperation zones, expand collaboration in emerging sectors like the digital economy and green development, as well as strengthen exchanges in education, tourism, and youth exchanges.

    Vietnam is also willing to strengthen multilateral coordination with China to safeguard the common interests of developing countries, Pham said.

    He called on both countries to implement the high-level consensus of the two parties and two countries, properly manage differences through friendly consultation, and jointly safeguard maritime peace and stability.

    Following the talks, Li and Pham witnessed the exchange of cooperation documents in various fields, including connectivity, agricultural products, customs, finance, human resources, media, and education.

    During Li’s official visit to Vietnam, the two countries are also expected to issue a joint statement.

    MIL OSI China News –