Category: Energy

  • MIL-OSI Australia: Doorstop – Launceston

    Source: Australian Executive Government Ministers

    ANTHONY ALBANESE, PRIME MINISTER: Well, it’s fantastic to be here with the Premier of Tasmania, Jeremy Rockliff, with my Education Minister, Jason Clare, with Senator Helen Polley and with Deputy Premier, Michael Ferguson here this morning. And this is a big day for the Commonwealth and a big day for Tasmania. The two services that are most important to people’s lives are health and education. And today, we have some fantastic announcements on both. First of all, it’s great to be here at Launceston General Hospital. I do want to thank the administration and the staff, the doctors, the nurses, the volunteers who’ve shown us around here this morning. It’s been a great privilege, and I do want to take the opportunity to thank them for the difference that they make to people’s lives here in Northern Tasmania. But I want to say that it’s a good day for them too, it’s a good day, most importantly, for the people of Northern Tasmania. Because this announcement today of $120 million from the Federal Government for a Northern Heart Centre will make an enormous difference. People in Northern Tasmania should not have to cross the Bass Strait to the North Island in order to get the health care that they deserve. They should get it here in their local community and this Northern Heart Centre, which is well advanced in terms of its planning, will make an enormous difference for research. Most importantly, to be able to get that early detection and early care here, so that if you avoid a traumatic incident, then you actually save money as well as saving lives. And that’s why I’ve been talking with the Premier about the importance of this. This will mean more beds and less pressure on the hospital’s Emergency Department. The Centre will have its own dedicated lab that can diagnose and treat various heart conditions, allowing patients to bypass the Emergency Department with its own access to the intensive care unit and medical imaging. That will make an enormous difference here in Northern Tasmania. And I’m very proud that this is a part of my Government’s commitment to strengthening Medicare and providing better healthcare for all Australians, regardless of where they live. Further today I can announce that my Government and the Tasmanian Government have signed a historic agreement that means all Tasmanian public schools will be fully and fairly funded. We promised we would fully fund schools in Tasmania and today we deliver. Tasmania is the third state now after Northern Territory and Western Australia to sign up. The Commonwealth has $16 billion on the table to make sure that every school can reach that designation of fair funding that was first put forward by Gonski, by David Gonski, in his Review. The other thing that it will do of course, is the nature of education as well. Because we want to make sure it’s not just about dollars, it’s about how education is delivered. And the signing up of this agreement will make sure that the priorities that parents talk about, making sure that the basics are looked after, make sure that we lift literacy and numeracy right across Tasmania, but right across the country, is what we want to see. We want to make sure that if a child falls behind that a school is in a position to be able to lift them up. Simple as that. During the election campaign in 2022, I spoke about no one being left behind and no one held back. And that’s what education and health are at the centre of. Making sure that no one’s left behind. Every child has the opportunity to fulfil their potential, but also making sure that people are looked after in terms of their healthcare. So, this is a really exciting day and it’s a good day. And I do want to thank Jeremy for the relationship that we have, in spite of the fact we’re from different political parties, we’re just concerned about getting things done. And that’s what this is about today. Getting things done in the interests of Northern Tasmanians when it comes to healthcare and getting things done on behalf of all younger Australians, Tasmanians and their families, importantly going forward as well. So, I want to thank Jason Clare as well for the extraordinary work that he has done. Mark Butler, our Health Minister has worked hard on this as well, and that is a very good thing that we’ve been able to achieve this today. I’ll hand over to Jeremy, I will then hand to Jason Clare, the Education Minister, and then I’m happy to take some questions and I’m sure that Jeremy will as well. And then we have some document signing that we’re going to do to fulfil this delivery that we’re announcing today.

    JEREMY ROCKLIFF, PREMIER OF TASMANIA: Thank you very much, Prime Minister. And it’s great to be here with the Deputy Premier, Michael Ferguson, Federal Minister for Education, Jason Clare and Senator Helen Polley. Thank you Fiona, for your commitment and passion to healthcare across the North. As Chief Executive of the Launceston General Hospital, can I say to you a big thanks to all the people that you work with on a daily basis. From administration to the healthcare professionals, to the volunteers that make up this wonderful institution, the Launceston General Hospital, delivering healthcare for many, many thousands of Tasmanians across north and north west Tasmania. This is a great day for healthcare. This is a great day for our schools, education and public investment in education. And I want to thank the Prime Minister for the great collaboration that we have had over the course of the last couple of years. It’s not the first time I’ve stood alongside the Prime Minister when it comes to announcing key partnerships in health. Whether that be GP recruitment, whether that be Urgent Care Clinics. It’s not the first time, of course – we’ve also got partnerships when it comes to urban renewal projects as well. And so what Tasmanians expect is their federal and state governments to work together in the very best interests of them and in this case the best interests served in healthcare and indeed our schools across Tasmania. We made a very clear commitment at the last election that we will deliver a $120 million Heart Centre and that is exactly what will be delivered at this site over the course of the next few years. That commitment has been realised through the strong collaboration and working relationship with the Federal and State Governments. A $120 million commitment from the Federal Government. And can I say Prime Minister, thank you to you, to Mark Butler – who I worked with very closely as Health Minister for a number of years – but also on behalf of all Tasmanians that will of course be cared for through this facility. Northern and north western Tasmania have the highest rates of cardiovascular disease in the country. This is why this investment is so critical and the partnership will endure. The partnership of capital investment from the Federal Government and of course the operational investment from the Tasmanian Government means that this will be delivered. It will be delivered by 2029 and will be servicing Tasmanians, particularly Northern Tasmanians, for many, many decades to come. Can I also pay tribute to Jason Clare, the Federal Minister for Education, and of course our State Minister for Education, Jo Palmer, who would be here if it wasn’t for Budget Estimates in southern Tasmania. I know Jason and Jo have worked very closely in securing this Agreement on behalf of families across Tasmania, our students, of course, in public schools. There is no better investment in productivity and wellbeing than education. And having been Education Minister for seven years, I can well and truly appreciate the need for fair funding when it comes to our public schools, particularly our schools of disadvantage across the country and indeed in Tasmania. That’s why I was very proud to be part of the Gonski Two Agreement as Education Minister, where you apply that fair funding model to support students across our public school environment. What this will mean is an additional $300 million into our public schools over the course of the next five years, focusing on early intervention when it comes to numeracy and literacy, focusing on students well being as well. And when students have good wellbeing, they have a very strong learning environment as well. And so we are committed as a Tasmanian Government, in partnership with the Federal Government, to deliver significant uplift in funding for our public schools over the next five years or sooner. So, thank you for working with us, Prime Minister and Federal Education Minister, Jason Clare. It is a great example of federal and state governments working together. At the end of the day, what Tasmanians care about is good quality services and what they want to see is cooperation in partnership between federal and state government, irrespective of political colour, to deliver for them. And today we have delivered in spades for our public schools and healthcare across Northern Tasmania. And with those few words, I’ll hand to Jason.

    JASON CLARE, MINISTER FOR EDUCATION: Thanks Premier. Can I start by paying credit to the Prime Minister and the Premier. These are two leaders who know how to get the job done and these are two leaders who understand the power of education. The power of education to change children’s lives. And this investment, this announcement that we’re making today, will change the lives of children here in Tasmania. Can I also thank you Deputy Premier. And can I thank my dear friend, the Education Minister of Tasmania, Jo Palmer, who, as the Premier said, can’t be with us because of Estimates. She is a great Education Minister. It’s a privilege to work with her and I’m looking forward to implementing this Agreement that we’ll sign today with her. This is a historic day for Tasmania. It’s a historic day for public education in Tasmania. Today we sign agreements that will make sure that every public school in Tasmania is fully funded, as the Prime Minister said, at that level that David Gonski set for us all those years ago. And the Premier talked about the money, about $300 million. But he also made the point, and I’m glad you did, Premier, about what this money will be invested in. Because it’s not just about the money, it’s what it does. This money will help us to invest in things like a phonics check and a numeracy check in year one or in the early years, to identify children who are falling behind when they’re little and then make sure that we intervene and provide them with the sort of supports that will help them to catch up and to keep up and to finish school. Things like catch up tutoring. We know that when a child’s falling behind in a classroom of 20 or 30, if you take them out of that classroom, into a classroom of two or three, with one teacher, four days a week, 40 minutes at a time, that they can learn as much in six months as they’d normally learn in a year. In other words, they catch up. And if children catch up when they’re young, they’re more likely to go on and finish high school and then go on to TAFE or to university. And the investment in health and wellbeing is just as important. There’s a real and obvious link between education and health. You see it in these two announcements today, but we also see it in our classrooms. Because children that are experiencing mental health challenges are more likely to not be at school, to be absent from school. And by year nine, they’re about a year and a half or three years behind the rest of the children in their class in literacy and numeracy. So, investments in things like psychologists and counsellors to provide that wrap around support at schools can make all the difference in whether a child finishes school or not. Can I end where I began – this is a fantastic example of our two governments working together. And most importantly, it shows what we can achieve when we work together. And when Parliament returns, I’ll introduce legislation to make this extra investment in our children and in Tasmania a reality.

    PRIME MINISTER: Thanks, Jase. Happy to take questions.

    JOURNALIST: Prime Minister, has your Government asked Treasury –

    PRIME MINISTER: We’ve got an announcement to help every child in school and can we have questions about this first? And then I’m happy to go down whatever direction you want. Are there any questions about today’s announcements?

    JOURNALIST: The Education Union has been calling on this for some time. Why are you choosing to fund it now?

    PRIME MINISTER: We’ve been in government for two years and we’re getting it done. We’ve got it done now with the Premier, Roger Cook. We’ve got it done in the Northern Territory, which in particular required a substantial lift up per person in the Northern Territory because so many schools there, particularly in remote areas, have missed out. And we’ve got this done in Tasmania and we’re hopeful of getting it done in other states as well, are imminent. I’ve been speaking with Premiers and Chief Ministers. At the last meeting of the National Cabinet, the Premier and I, as well as other Premiers and Chief Ministers, spoke about how important this was, that we get this done. David Gonski did this work some time ago in the Gillard Government to look at what the level of funding was needed to bring every child up to the best of their potential. And that’s what Jason has spoken about – practical differences that it makes. I think it helps, the fact that Jeremy’s been the Education Minister and gets it. And so I’d encourage the other states to sign up. We’ve got $16 billion on the table. This means that the Commonwealth contribution will be lifted up to 22.5 per cent of that standard and the state contribution will be lifted to 77.5 per cent. Making sure that this is realised, because this is so important and we’ve been able to get it done and we’re getting it done today.

    JOURNALIST: Prime Minister, on the Heart Centre. We know right across Australia, Tasmania is no exception, that there is a critical shortage of healthcare workers. How confident are you that there will be the workers that are needed to make this Centre a success?

    PRIME MINISTER: We’re very confident that that can be done. One of the things that we’re doing as well is making sure that we train additional doctors, that we train nurses and healthcare professionals. I’ve been into TAFEs here in Tasmania, for example, I met young people and people retraining to go back into the health system. That has been very important. So we’ll work as well, we have – as Jeremy said, we had quite an innovative plan for additional GPs here that we announced. I think just down the road in Devonport at the Mercy Hospital. We are working with the Tasmanian Government to make sure that we have that capacity. We do need an appropriate workforce in order to deliver. But the other thing is, if you don’t do the right thing, sometimes you can end up chasing your tail. So, emergency departments get more and more pressure on them, which creates more difficulties in the system. So, we have, for example, our four Urgent Care Clinics that have opened here in Tasmania. We’ve got a fifth coming and there’s a potential of more there. They have seen tens of thousands of Tasmanians – all Tasmanians have needed is their Medicare card, not their credit card. They’ve got the care that we need. I’ve been into the Urgent Care Clinic there in Hobart that has been an enormous success. There’s one here in Lonnie. And what we do if you do that is you stop people going to the emergency departments of hospitals, if they have a broken arm or the kids fall off the bike or the skateboard, or they cut themselves preparing dinner – they can get that care on the spot when they need it, where they need it and for free as part of our commitment to extending Medicare. So, that’s made a difference as well to the system. Okay. Happy to take other things.

    JOURNALIST: Have you asked for a modelling on the impacts of negative gearing, Prime Minister?

    PRIME MINISTER: Look, I’ve seen those reports and what we do is we value the Public Service. So, from time to time I’m sure the Public Service are looking at policy ideas. That’s because we value them. But we have our housing policy. It’s out there for all to see. It’s currently being blocked. At the risk of being partisan here, it’s currently being blocked by a No-alition of the Liberals, the Nationals and the Greens in the Senate. They’re blocking our Help to Buy scheme that’s about increased home ownership. They’re blocking our Build to Rent scheme. I mean, why you would block – the Greens position is that they’re blocking the Build to Rent scheme because if you have medium density housing built, it’ll be built by developers. Well, yeah, hello. I’m not sure who they think builds houses and medium density housing and increases supply. So, our focus as a Government is on supply.

    JOURNALIST: (inaudible)

    PRIME MINISTER: Sorry?

    JOURNALIST: Is your Government considering making changes to negative gearing and capital gains tax concessions?

    PRIME MINISTER: What our Government is considering is fixing housing supply by getting our legislation through the Senate. That’s what we’re considering.

    JOURNALIST: Would you rule out changes to negative gearing and property taxes this term or next?

    PRIME MINISTER: Well, what we’re doing is doing the legislation that we have before the Senate. So, I talk about what we’re doing, not what we’re not doing. And what we’re doing, is trying to get through that legislation through the Senate.

    JOURNALIST: But just to confirm, Prime Minister, your Government has asked Treasury for modelling?

    PRIME MINISTER: No, I didn’t confirm that. Treasury, I’m sure, like other departments do a range of proposals, policy ideas. I want a Public Service that is full of ideas.

    JOURNALIST: The RBA is looking through your rebates (inaudible)?

    PRIME MINISTER: Sorry?

    JOURNALIST: The RBA is looking through your rebates. Have your attempts to get a rate cut failed?

    PRIME MINISTER: What we’ve done is to reduce inflation to half of what it was. Half of what we inherited. Now, there’ll be new figures out tomorrow, or today, actually, we will wait and see what they show in a couple of hours’ time. But we know that the last time around, the monthly figures showed a rate of 3.5 per cent. Which is half, basically, of what we inherited. And we’ve done that, putting that downward pressure on inflation, by producing two budget surpluses, turning a $78 billion deficit into a $22 billion surplus last year. And this year, the financial year just finished, another surplus that will be in double digits in terms of the figures when they’re finally released or finalised in a couple of weeks’ time. So we have as well, we indicated on Monday, that has seen debt decreased by the Commonwealth by around about $150 billion from what was predicted in PEFO, the Pre-Election Forecast, that were there in Treasury of what the former Government was going to deliver. And we’ve done all of that whilst we have given cost of living support. Whether it’s a tax cut for every taxpayer, Energy Bill Relief for every household, 500,000 Fee-Free TAFE places, Cheaper Child Care. While we have delivered all of those measures, as well as delivering important funding, such as what we’ve been able to deliver here in Tasmania. Making sure we’re working to deliver proper services in health and education. That’s what happens when you have responsible economic management. And the Reserve Bank, of course, set interest rates independent of the government – that is their job. Our job is to put downward pressure on inflation, but also look after people. We have had now 980,000 jobs created on our watch. More jobs created since I’ve been elected as Prime Minister than in every previous term of any Prime Minister since Federation. I’m very proud of that. It’s been a difficult economic task, but we have delivered what we have set out to do, which is that downward pressure on inflation whilst we’ve been helping with cost of living relief.

    JOURNALIST: On cost of living, will you introduce new cost of living measures in a pre-election Budget?

    PRIME MINISTER: Well, one of the things that we are going to do, and you will have seen on Monday when it comes to cost of living as well, is take on businesses when they’re not doing the right thing by consumers. Now, this action by the ACCC in taking Woolworths and Coles to court in order to hold them to account for what the ACCC alleges has happened. When you have a packet of Oreos lifted up in prices and by triple the amount in which they’re then decreased and a sign put on them saying that it’s a special, then that is not doing the right thing by consumers. Now people out there are under financial pressure and they’re looking for value, they’re looking for bargains. And so when they go into a supermarket and see ‘special’ or ‘prices down’, they trust that that is the truth. Now it’s not the truth if a supermarket has increased the price by $1.50 from what it was and then a month later put it down by fifty cents and purported to argue that they have decreased the price. That is a breach of trust, it’s a breach of faith. Australians are rightly angry about it, as they should be, and my Government is taking action. The ACCC are taking them to court. We have released on Monday as well exposure drafts of our changes to legislation, as well as our changes to the mandating of the code of conduct for supermarkets, as recommended by Dr Craig Emerson. It is extraordinary that under the former Government you had a voluntary code of conduct, just expecting that people would voluntarily do the right thing. Quite clearly, that’s not good enough, which is why we’re mandating. That’s a part of dealing with cost of living pressures. So we want wages to increase and we’re delivering that, including in Jason’s area, a 15 per cent increase in the wages of early educators in childcare. We have delivered a substantial increase in the wages of aged care workers. We’ve delivered tax cuts on top of that. So we want people to earn more and to keep more of what they earn. That’s all a part of our cost of living measures.

    JOURNALIST: Here in Tasmania, will you exempt the Macquarie Point Stadium from GST calculations?

    PRIME MINISTER: No.

    JOURNALIST: Why not?

    PRIME MINISTER: Because if we did that, we’d have to do the same for the Olympic sites in Queensland, for every infrastructure project in the country.

    JOURNALIST: Wasn’t that done for a stadium in Jim Chalmers electorate?

    PRIME MINISTER: We won’t, well I’m not sure what stadium with hundreds of millions of dollars you’re referring to in Jim’s electorate in Logan. I’m very familiar with the electorate. So we will be, can I make this point. We’ll be exempting this contribution to the hospital, to the Northern Tasmania Heart Centre from the GST. It’s very different. But infrastructure projects, of course, it all adds up. It all evens out. I’m not sure this is understood fully by people in these positions, but when you have the GST equalisation, if you have a proportion of funds invested around the country, then it evens itself out. This is a separate thing which we’ve agreed to exempt from the GST because it’s about healthcare. But infrastructure across the board is not exempt. I was an Infrastructure Minister for six years, I assure you there was no GST exemptions during that period.

    JOURNALIST: Prime Minister, with the Heart Centre comes a lot of money for Northern Tasmania. How concerned are you about your prospects in Lyons?

    PRIME MINISTER: I think Lyons, what I’m doing in every seat, in every state, in the one country of Australia, is governing. We’re doing things here regardless of the political colour. I don’t have a colour coded spreadsheet to determine my funding proposals. And I am working and delivering here in Northern Tasmania, in North West Tasmania, in Hobart. We’re delivering at UTAS down the road here, $65 million each to fix up UTAS and to make it into a much better stadium. We are investing in Macquarie Point, we’re investing throughout Tasmania. We’ll continue to do so and I believe there’ll be an election at some time. If you keep your eye on that white car with the little flag on the front on the day it goes to Yarralumla, then we’ll call an election sometime before, or on or before May, and we’ll put our case to the Australian people. But we have a serious plan for health, a serious plan for education, a serious plan for energy. We’re working here as well. The Marinus Link Project is a great example of the cooperation that was talked about for a long period of time. Well, myself and this Premier have actually got it done. Thanks very much.

    MIL OSI News

  • MIL-OSI Canada: Joint statement from Premier Ranj Pillai and Minister John Streicker on the Yukon–British Columbia Grid Connect Project

    Source: Government of Canada regional news

    An incorrect version of a statement was issued yesterday titled ‘Statement from Minister of Energy, Mines and Resources on connecting the Yukon and British Columbia’s electricity grids.’ This release has been removed from Yukon.ca and replaced with the corrected version. We apologize for the error.

    Premier Ranj Pillai and Minister responsible for Yukon Development Corporation John Streicker have issued the following joint statement:

    MIL OSI Canada News

  • MIL-OSI Australia: Joint press conference, Brisbane

    Source: Australian Treasurer

    JIM CHALMERS:

    Thanks, everyone, for coming. I’m going to say a few things about the inflation number. Katy’s going to talk about inflation and the Final Budget Outcome. Then I wanted to preview my trip to China this week, and then obviously happy to take your questions.

    The new inflation numbers for August showed that headline and underlying inflation both went down substantially. Headline inflation went down from 3.5 to 2.7 per cent. This is less than half the 6.1 per cent we inherited, and it’s now less than a third of its peak.

    Trimmed mean inflation went down from 3.8 to 3.4 per cent. That is the lowest in more than 30 months. If you exclude volatile items, it went down from 3.7 to 3. Non‑tradeable inflation, which is what others call homegrown inflation, went down from 4.5 to 3.8 per cent. And services inflation went down as well.

    These are very welcome, very encouraging and very heartening numbers. We expected headline inflation to come down. We’ve also seen underlying inflation come down considerably. That’s a very good thing.

    Our policies are a factor here, but they’re not the only factor. If you look at rents, they went up 6.8 per cent in the year to August, but without our increases to rent assistance, they would have increased by 8.6 per cent. Electricity prices fell 17.9 per cent in the year to August, but without the energy rebates they would have decreased 2.7 per cent.

    But the story here goes beyond the government’s policies, which are helping in the fight against inflation. Whether it’s rent, whether it’s energy rebates, our cost‑of‑living policies are an important part of the story, but they’re not the whole story here. We’re seeing right across a number of measures of inflation, including underlying inflation, that it is has come off considerably in the new numbers that we see today.

    These are heartening numbers, encouraging numbers, they’re welcome numbers. But we’re not getting carried away because we know that the monthly numbers can be volatile. We know that inflation doesn’t always moderate in a straight line and we know that people are still under pressure. That’s why our cost‑of‑living help is so important, and it’s also why our responsible economic management is so important, and Katy’s going to say a few things about that.

    KATY GALLAGHER:

    Thanks, very much, Jim. It’s lovely to be here in your home city today.

    CHALMERS:

    You’re always welcome, Katy.

    GALLAGHER:

    It’s glorious to be here. Thanks, Jim.

    What we’re seeing is our responsible economic management is helping in the fight against inflation, and you’re seeing that in those numbers today.

    That budget management, particularly our returning revenue to the budget, findings savings in the budget and reprioritising spending, has helped us with our budget improvements that we’re seeing.

    On Monday we’ll be releasing the Final Budget Outcome. That will show our second surplus and it will be an improvement on the number that we released during the Budget. That improvement in the budget outcome is not related to increased revenue but is related to less spending on the spending side of the budget. We know from the comments that the RBA Governor has made in the past that surplus budgeting is helping in the fight against inflation. You’ll see that reflected in the FBO that we do on Monday.

    That’s really our approach to budgeting, Jim and mine – find savings, return revenue, deliver budget surpluses when the inflation challenge has been what it has. That’s helping overall in that fight against inflation.

    CHALMERS:

    I’ll just say a few things to preview meetings in China, and then we’re happy to take some questions.

    The key influences on our economy right now are the inflation that we’ve been talking about today combined with global economic uncertainty and the impact of the rate rises which are already in the system. Those 3 things are combining to slow our economy substantially.

    Particularly when it comes to the Chinese economy, we’ve seen a weakness in the Chinese economy which obviously has consequences for us. We’re not immune from weakness in the Chinese economy. That’s why it’s so important that over the next 2 days I’ll be meeting with key Chinese counterparts in Beijing.

    This is another really important step towards stabilising our economic relationship with China. This will be the first visit to China by an Australian Treasurer in 7 years. It will be part of the Albanese Government’s methodical and coordinated efforts to re‑establish dialogue with China, Australia’s largest trading partner.

    The main purpose of this visit is to co‑chair the Australian‑China Strategic Economic Dialogue with the Chairman of the National Development and Reform Commission. That will happen tomorrow.

    Our relationship with China is full of complexity and it’s full of opportunity. We recognise that a more stable economic relationship between Australia and China is a good thing for Australian workers and businesses, investors and our country more broadly. That’s why just in the last week in the context of these meetings in China I’ve consulted directly with the chairs, CEOs and senior executives of major China‑facing Australian employers, including Rio Tinto, Wesfarmers, BHP, Woodside, Fortescue, Macquarie, BlueScope, HSBC, King & Wood Mallesons, Port of Newcastle, Sydney Airport, Cochlear, University of NSW and GrainCorp, and I’ve also been consulting with the Business Council of Australia.

    We believe that dialogue and engagement give us the best chance to properly manage and maximise these really important links.

    Our approach to China has been to cooperate where we can, disagree where we must, but always engage in Australia’s national interest.

    The Strategic Economic Dialogue hasn’t been convened since 2017, but our government has agreed with Chinese counterparts to restart it, and I’ll be meeting with other counterparts from the Chinese government during my 2 days of engagements as well.

    We recognise that there’s a lot at stake and a lot to gain from a more stable economic relationship with China.

    We’ve got a big opportunity to make sure that both countries benefit from the complementarity of our economies while always advancing and protecting Australia’s national interests.

    With that, I’m happy to take some questions.

    JOURNALIST:

    Will the Treasury be looking at negative gearing and capital gains tax?

    CHALMERS:

    First of all, the real story today is inflation. The story today is about a substantial moderation in headline and underlying inflation in our economy. We’ve got a housing policy, and that’s not in it. We’ve made that clear today.

    JOURNALIST:

    Did you direct Treasury, though, to look into negative gearing policy changes, perhaps to take to the election?

    CHALMERS:

    Treasury looks at all kinds of policy options all of the time. It’s not unusual for the public service – and in my case, my department, and I’m sure Katy’s department is the same – to examine issues that are being speculated about in the public or in the parliament. That’s how a good public service operates.

    JOURNALIST:

    But you’ve basically agreed with the argument that reining in negative gearing will have a negative impact on rental supplies?

    CHALMERS:

    I’m not going to engage in hypothetical impacts of hypothetical policies when we’ve already got a housing policy. We’ve got a housing policy which is about building more homes for Australians. It’s about making it easier to rent and to buy.

    We know from today’s inflation figures that we’ve taken some of the sting out of rents. But rents are still too high, and that’s because we don’t have enough homes. Our motivation throughout this has been to build more homes for Australians. That’s what our $32 billion of investment, including $6 billion in the last Budget, is all about.

    If our political opponents cared about housing, they would vote for our policies in the Senate. Instead, in their usual, characteristically destructive way, both the Greens and the Coalition are teaming up to prevent more homes being built. Building more homes is the best way to ensure that people can find a home to rent or buy.

    JOURNALIST:

    On the Stage 3 tax cuts you argued several times that the circumstances have changed and that the government has formed a different view. Can voters expect you to make that same argument on negative gearing in the lead‑up to the next federal election?

    CHALMERS:

    I’m very proud of the changes that we made to the Stage 3 tax cuts because it meant that every Australian taxpayer gets a tax cut, not just some. We explained our rationale and our reasoning for that at the time, and you referenced that in your question. The changes to Stage 3 at the beginning of this year meant that more people got a bigger tax cut to help with the cost of living. We’re proud of what we did. We were upfront and we explained that changes that we made. I think the public has recognised that we’re trying to do the right thing.

    JOURNALIST:

    Would your government consider a legitimate use of tax laws and not [indistinct] current negative gearing figures?

    CHALMERS:

    We’ve made it clear that our housing policy is all about building more homes. More homes for Australians, making it easier to rent or buy a home at a time when there aren’t enough homes. That’s what’s pushing rents up, even with our efforts, with Commonwealth Rent Assistance.

    When it comes to tax changes, our priorities have been the PRRT, the biggest balances in superannuation, tax incentives for build‑to‑rent and other tax policies that we’ve already announced.

    JOURNALIST:

    Polling does show the public is open to negative gearing changes, so why not do that?

    CHALMERS:

    We’ve got a housing policy and that’s not in it.

    Our housing policy, I’ve explained answering some of these other questions, is to build more homes for Australians – $32 billion across 20 different policies now. We’ve made it clear what our housing policy is, and we want to see it pass through the Senate. If our political opponents to the left of us and to the right of us really cared about housing, they’d support our policies in the Senate.

    JOURNALIST:

    But I guess policy‑making is dynamic, right? Why not look at negative gearing? Are you insisting that – was it either you or Minister Gallagher that asked Treasury to have a specific [indistinct] negative gearing?

    CHALMERS:

    Treasury looks at all kinds of different policies from time to time. It’s not unusual for us to get advice from departments on issues that are being speculated about in the public or in the Parliament. That’s not an especially unusual thing.

    I couldn’t haven clearer today – we’ve got a housing policy. It’s costing the budget $32 billion. We’ve found room for that even in the context of turning 2 big Liberal deficits into 2 big Labor surpluses for the reasons that Katy outlined a moment ago. We’ve got a housing policy and that’s not in it.

    It’s not unusual for governments to get advice from time to time from departments on issues which are in the public domain.

    JOURNALIST:

    Just going back to inflation, looking at that 3.4 per cent rate, do you think Michelle Bullock needs to look at cuts a bit sooner?

    CHALMERS:

    I’m not going to give free advice to the Governor of the Reserve Bank. I don’t tell Michelle Bullock how to do her job and she doesn’t tell me how to do my job, and that suits us both just fine.

    Underlying inflation has come off substantially in these new numbers today – from 3.8 to 3.4 is very encouraging, very welcome, very heartening when it comes to underlying inflation.

    I refer you back to our political opponents and critics who said that today’s numbers would only reflect the energy bill rebates, which we are proud to be delivering for every Australian household. I wanted to make a couple of points about that.

    They say that that is artificially lowering inflation. There is nothing artificial about helping people with their power bills. We know that the Liberals and Nationals don’t support that, but we’re proud to be helping people with their power bills because we know that people are under pressure. Same when it comes to Commonwealth Rent Assistance, cheaper medicines, getting wages moving again and the tax cuts.

    The other point that I would make about headline versus underlying is you may recall a couple of years ago in the former government’s last Budget they had changes to the fuel excise which had the same impact when it comes to temporarily modifying the headline inflation rate. I don’t remember them making these points then.

    We’re proud to be helping people with the cost of living. We’re proud to be doing that in the context of a responsible budget and a couple of surpluses, which our opponents were incapable of delivering after 9 attempts. We’ve gone 2 from 2.

    So we’re providing cost‑of‑living help. We’re not just seeing headline inflation coming off, we’re seeing underlying inflation coming off as well. Not just the main measure of underlying inflation, headline is down, trimmed mean is down, excluding volatile items is down, non‑tradables is down and services is down as well.

    Across the board, across the main measures, in this data today we’re seeing very welcome, very encouraging progress. We’re not getting carried away because we know that people are still under pressure. That’s why our cost‑of‑living help is so important.

    JOURNALIST:

    When do you expect to receive the Treasury advice on that negative gearing policy?

    CHALMERS:

    As I said a couple of different ways now, we get advice all of the time on different kinds of issues which are in the public domain and before the Parliament. It’s not especially unusual for the public service to be doing that. We’re not expecting one piece of work, which is implied in your question. We get briefed regularly on all sorts of policies and all kinds of issues, and that’s as it should be.

    JOURNALIST:

    I’ll just try one more time: when will Australians know if your government is going to make changes to negative gearing or capital gains reductions?

    CHALMERS:

    I’ll say the same thing I said in response to all of the other questions – and I understand why you’re asking it, I’ve got no problem with you asking these questions – but we’ve got a housing policy and that’s not in it.

    For all of the reasons I’ve gone through a few times today, we think that the highest priority needs to be building more homes. Housing supply is our big priority as a government. It’s not easy to find $32 billion in one policy area, but the fact that we’ve done that, working closely with Julie Collins and now Clare O’Neil, that demonstrates to Australians how serious we are about fixing the issue that we have with housing supply.

    You can’t click your fingers and overnight build the 1.2 million homes that we need over the next 5 years. You need to come at it in a responsible way, a considered, methodical way across a range of different policies.

    We’ve announced our policies on housing. We want to see them pass through the Parliament. We want to see the money flowing, and we want to see the houses being built, because that’s the best way we can make housing more affordable for more Australians.

    JOURNALIST:

    Is it still frustrating to see that the RBA is not taking into account the fact that electricity and fuel is coming down, but they are not enforcing these rate cuts?

    CHALMERS:

    I don’t see it that way, and for the same reasons as in my answer to your earlier question.

    I don’t second guess the decisions taken by the independent Reserve Bank or the commentary that they make about those decisions.

    It’s a good thing that Governor Bullock makes herself available and senior officials make themselves available to talk with the Australian public about how they’re seeing the economy and what that means for inflation and interest rates. That’s a good thing that they take those opportunities to do that. I don’t second guess that. I don’t parse every word that the governor says.

    We’re focused on our, and our job has been to deliver 2 big Labor surpluses, to roll out cost‑of‑living help, to be helpful in the fight against inflation.

    What we see in these numbers today – in these very welcome and encouraging numbers today – is that our policies are helping in the fight against inflation.

    That is a big part of the story but it’s not the only story. That’s why underlying inflation is coming off as well. We’re managing the economy responsibly. The Governor of the Reserve Bank has her own job to do, and it is good and welcome that Governor Bullock takes the opportunity to explain her part of it in the same way that we’ve been explaining our part of it here today.

    Thanks very much.

    MIL OSI News

  • MIL-OSI Russia: NSU postgraduate student develops catalyst for converting diesel fuel into synthesis gas

    MIL OSI Translation. Region: Russian Federation –

    Source: Novosibirsk State University – Novosibirsk State University –

    4th year postgraduate student Faculty of Natural Sciences of NSU Vladislav Shilov has developed a structured catalyst for converting diesel fuel into synthesis gas, which currently has no industrial analogues. In 2023, the results of his work on this topic were awarded a scholarship from the Novosibirsk Region government. The researcher developed this device as part of his dissertation work under the scientific supervision of the head of the heterogeneous analysis department of the Boreskov Institute of Catalysis of the Siberian Branch of the Russian Academy of Sciences, Doctor of Chemical Sciences Pavel Valerievich Snytnikov.

    This year, the department’s research team, with the participation of Vladislav Shilov, is creating a fuel processor for obtaining synthesis gas that runs on commercial diesel fuel. It integrates the developed catalyst for converting diesel fuel to obtain synthesis gas from diesel. In the future, in cooperation with consortium members within the framework of the NTI project “Hydrogen as the Basis of a Low-Carbon Economy”, it is planned to create a power plant based on planar solid oxide fuel cells, combined with a diesel fuel processor for generating electricity.

    — We were the first to achieve complete conversion of commercial diesel fuel into hydrogen-containing gas suitable for fuel cells. When creating the catalyst, we encountered a serious difficulty: the conversion of diesel fuel into synthesis gas is a high-temperature process (about 700 – 1000 °C), as a result of which the active component of the catalyst quickly sinters. Therefore, for these applications, we were the first to use a metal substrate made of FeCrAl alloy as a structured carrier, which has good heat and mass transfer properties. This is what makes the system we developed unique. The method of applying layers of catalytic coating to a metal mesh is quite complex and was developed over several years. This was not an easy task — the coating of the active component peeled off or cracked. We needed to increase the adhesive (i.e., “bonding”) properties of the substrate surface so that each layer of the catalytic coating would reliably adhere to it. We found a technological solution to this problem. Now we have reached the level where we can carry out small-scale production of structured catalysts for various catalytic applications, said Vladislav Shilov.

    When creating the diesel fuel conversion catalyst, experiments were conducted in a laboratory setup. Now the researchers are faced with the task of creating a model of the fuel processor into which it will be integrated. Diesel fuel, water and air will enter the system, which as a result of the catalytic reaction will be converted into synthesis gas suitable for use in solid oxide fuel cells. Now this work is in the active stage and is nearing completion. Next, scientists will have to evaluate the operation of the entire power plant in order to begin industrial implementation.

    — The structured catalyst we developed also turned out to be highly active in converting light hydrocarbon fuels into synthesis gas, which interested our industrial partner, the InEnergy group of companies, which is engaged in the creation of power plants based on fuel cells. This year, the Boreskov Institute of Catalysis of the Siberian Branch of the Russian Academy of Sciences, together with InEnergy, launched small-scale production (about 600 units) of compact power plants TOPAZ-GAMMA M, operating on natural gas and propane-butane, where our development was used. One such power plant was presented by our research group at the International Forum of Technological Development “Technoprom”, where it aroused great interest, — said Vladislav Shilov.

    Electrochemical generators running on diesel fuel can be used as a stationary, backup or auxiliary source of electric power, since it is a more convenient carrier of hydrogen. Compared to other alternative carriers, diesel fuel has the largest amount of hydrogen per unit volume, and its long-term storage is carried out at ambient temperature and pressure. In this regard, natural gas transported through gas pipelines and propane-butane are significantly inferior to this type of fuel. Electrochemical generators running on diesel fuel can be used as a stationary, backup or auxiliary source of electric power.

    According to Vladislav Shilov, this technology will find application in remote northern regions, in the conditions of the Far North and in the development of the Arctic, as well as at other sites where diesel fuel is the main energy source. It is possible that this development will be of interest to the Russian Ministry of Defense, where most of the equipment also runs on this type of fuel. But in order to launch small-scale production of diesel electrochemical generators, it is necessary to complete work on creating a prototype in laboratory conditions and contact companies interested in launching these devices into small-scale production. The developers have no doubt that such investors will certainly be found.

    — Such devices have a much higher efficiency compared to internal combustion engines. They are environmentally friendly — their emissions are carbon dioxide and water vapor. They are distinguished by silent operation, a long service life and do not require frequent maintenance. And the use of fuel cells to generate electricity allows it to be extracted from energy sources by directly converting the energy of chemical bonds into electrical energy. The efficiency of this process is higher than when using standard diesel generators, in which the energy of chemical bonds is first converted into heat, then into mechanical energy and only then into electrical energy. Increasing the efficiency of power plants will reduce the volume of resource-intensive delivery of diesel fuel to remote, Arctic regions. In addition, the use of the developed power plants will be more environmentally friendly due to the reduction in the volume of diesel fuel consumption, — explained Vladislav Shilov.

    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.nsu.ru/n/media/nevs/science/postgraduate-student-nnsu-developed-a-catalyst-for-conversion-of-diesel-fuel-into-synthesis-gas/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI China: Lebanon rolls out measures to shelter displaced

    Source: China State Council Information Office 3

    People fleeing from Lebanon are seen at the Jdeidat Yabous border crossing in the countryside of Damascus, Syria, on Sept. 24, 2024. [Photo/Xinhua]

    Lebanese ministers announced on Tuesday measures to shelter 27,000 displaced persons from southern Lebanon and suspension of educational activities until the end of the week due to ongoing Israeli raids.

    The 27,000 displaced were seeking refuge in 252 shelters, according to Lebanese Environment Minister Nasser Yassin.

    Yassin said in a press conference for the Ministerial Emergency Committee that “the national operations room and the Higher Relief Commission have been activated to secure the basic needs of the displaced.”

    For his part, Minister of Education and Higher Education Abbas Halabi suspended educational activities in the country until the end of this week while demanding that public schools be opened to receive the displaced.

    He said that in current circumstances, the closure of educational and vocational institutions in the governorates of the south, Nabatieh, Bekaa, Baalbek-Hermel, and the southern suburbs will be extended until the end of this week. The suspension of classes in schools and universities in the governorates of Beirut, Mount Lebanon, and North will also be extended, the minister added.

    Worries about food security and fuel shortages have prompted local citizens to stockpile food and fuel products, alarming officials about a potential rapid depletion of the country’s reserve stock.

    In this regard, Minister of Economy and Trade Amin Salam called on the public to rationalize the storage of food and vital commodities.

    “Let the goods be stored for a week or two or even a month and not more, to ensure that the rest of the citizens obtain their need for basic commodities under the current circumstances,” Salam said.

    He noted that the current wheat stock in the local market is adequate for at least two months and assured the public that supplies are being consistently secured.

    Fuel stations also witnessed a great demand in light of the escalation of Israeli raids, prompting Minister of Energy and Water Walid Fayyad to reassure citizens that “the necessary reserves of petroleum derivatives are available in the medium term.”

    Hezbollah and the Israeli army have been exchanging fire across the Lebanon-Israel border since Oct. 8, 2023.

    On Monday, Israel began its most extensive bombardment of Lebanon since 2006, resulting in more than 550 deaths, including civilians, and over 1,800 injuries across the country. The casualty tolls and the intensity of the attacks have caused panic among Lebanese people.

    MIL OSI China News

  • MIL-OSI Europe: Written question – Are measures that make flying less accessible justified by a hypothetical benefit for the climate? – E-001732/2024

    Source: European Parliament

    Question for written answer  E-001732/2024
    to the Commission
    Rule 144
    Mathilde Androuët (PfE)

    According to the European Commission, fares for flights within the EU were on average 20 to 30 % higher last summer than before the COVID-19 pandemic[1]. This price hike calls into question how accessible flying is as a means of transport, especially in the coming years with the reform of the EU emissions trading system[2], included in the Fit for 55 package[3], and the announced reform of the Energy Taxation Directive[4].

    Airlines for Europe indicates that compliance with these new rules could cost European airlines 13 to 14 times more in 2030 than in 2019[5]. However, according to calculations by the Intergovernmental Panel on Climate Change (IPCC), flights departing from Europe account for 0.3 % of global greenhouse gas emissions, with approximately half being generated by flights within the EU[6]. While taxing this sector would prevent a 0.002 °C increase in temperature in 2100, it would bring about very damaging indirect consequences (job losses and relocation).

    Does the Commission consider that this hypothetical and derisory ‘benefit for the climate’ justifies the adoption of self-punitive social and economic measures?

    Submitted: 17.9.2024

    • [1] Airline fares in EU 20-30 % higher this summer than in 2019 – The Brussels Times – 10 November 2023.
    • [2] Fit for 55: European Parliament adopts key laws to reach the 2030 climate target – European Parliament press release – 18 April 2024.
    • [3] Fit for 55 package: Council reaches general approaches relating to emissions reductions and their social impacts – Ministry of the Ecological Transition and Territorial Cohesion – 29 June 2022.
    • [4] Belgium issues ultimatum over energy tax reform – Euronews – 22 April 2024.
    • [5] The European Green Deal and the Fit For 55 Package – AirlinesForEurope – 11 December 2023.
    • [6] IPCC, 6th Assessment Report, Summary for Policymakers, p. 28.
    Last updated: 25 September 2024

    MIL OSI Europe News

  • MIL-OSI Asia-Pac: PM to visit Maharashtra on 26 September

    Source: Government of India

    PM to visit Maharashtra on 26 September

    PM to lay foundation stone and dedicate to nation various projects worth over Rs. 22,600 crore

    PM to dedicate to nation three PARAM Rudra Supercomputers

    PM to launch and dedicate to nation various initiatives of petroleum and natural gas sector worth Rs. 10,400 crore

    PM to inaugurate Solapur Airport

    PM to dedicate to nation Bidkin Industrial Area

    Posted On: 25 SEP 2024 2:28PM by PIB Delhi

    Prime Minister Shri Narendra Modi will visit Pune, Maharashtra on 26th September. At around 6 PM, from District Court Metro Station, he will flag off the Metro train scheduled to run from District court to Swargate, Pune. Thereafter at around 6:30 PM, he will inaugurate, lay the foundation stone and dedicate to the nation various projects worth over Rs. 22,600 crore.

    The inauguration of Pune Metro section of District Court to Swargate will mark the completion of Pune Metro Rail Project (Phase-1). The cost of the underground section between District Court to Swargate is around Rs 1,810 crore.

    Further, Prime Minister will also lay the foundation stone for Swargate-Katraj Extension of Pune Metro Phase-1 to be developed at the cost of around Rs 2,950 crore. This southern extension of around 5.46 km is completely underground with three stations namely Market Yard, Padmavati and Katraj.

    Prime Minister will lay the foundation stone for the Memorial for Krantijyoti Savitribai Phule’s First Girls’ School at Bhidewada.

    In line with his commitment to make India self-reliant in the field of Supercomputing technology, Prime Minister will dedicate to the nation three PARAM Rudra Supercomputers worth around Rs. 130 crore, developed indigenously under the National Supercomputing Mission (NSM). These supercomputers have been deployed in Pune, Delhi and Kolkata to facilitate pioneering scientific research. Giant Metre Radio Telescope (GMRT) in Pune will leverage the supercomputer to explore Fast Radio Bursts (FRBs) and other astronomical phenomena. Inter University Accelerator Centre (IUAC) in Delhi will enhance research in fields like material science and atomic physics. S.N. Bose Centre in Kolkata will drive advanced research in areas such as physics, cosmology, and earth sciences.

    Prime Minister will also inaugurate a High-Performance Computing (HPC) system tailored for weather and climate research. This project represents an investment of Rs. 850 crore, marking a significant leap in India’s computational capabilities for meteorological applications.  Located at two key sites, the Indian Institute of Tropical Meteorology (IITM) in Pune and the National Center for Medium Range Weather Forecast (NCMRWF) in Noida, this HPC system has extraordinary computing power. The new HPC systems are named ‘Arka’ and ‘Arunika,’ reflecting their connection to the Sun. These high-resolution models will significantly enhance the accuracy and lead time of predictions related to tropical cyclones, heavy precipitation, thunderstorms, hailstorms, heat waves, droughts, and other critical weather phenomena.

    Prime Minister will launch and dedicate to the nation various initiatives of petroleum and natural gas sector worth Rs. 10,400 crore. These initiatives will focus on energy, infrastructure, safety and convenience of truck and cab drivers, cleaner mobility and a sustainable future.

    To enable ease of driving, Prime Minister will launch the Way Side Amenities for truck drivers at Chhatrapati Sambhajinagar, Maharashtra; Fatehgarh Sahib, Punjab; Songadh, Gujarat; Belagavi and Bangalore Rural, Karnataka. With the objective of developing modern facilities for the comfortable journey break at one place designed to cater to the needs of truckers and cab drivers during their long journeys, way side amenities such as affordable boarding and lodging facilities, clean toilets, safe parking space, cooking area, WiFi, Gym, etc. are being developed at a cost of around Rs. 2,170 crore at 1,000 retail outlets.

    To develop multiple energy choices like petrol, diesel, CNG, EV, CBG, Ethanol blended petrol (EBP), etc. at one retail outlet, Prime Minister will launch Energy Stations. Nearly 4,000 energy stations would be developed over Golden Quadrilateral, East-West and North-South Corridors and other major highways over next  5 years at a cost of around Rs. 6000 crore. Energy stations will help in providing seamless mobility through provision of alternate fuels under one roof to the energy seeking customers.

    To facilitate smooth transition to Green Energy, De-carbonization and Net Zero Emission and reducing the range anxiety of Electric Vehicle drivers, Prime Minister will dedicate to the nation 500 EV charging facilities. Further, 10,000 EV Charging stations (EVCS) are being targeted to be developed by FY 2025 at an estimated cost of Rs. 1,500 crore.

    Prime Minister will dedicate to the nation 20 Liquefied Natural Gas (LNG) stations across the country including 3 in Maharashtra. To promote the adoption of clean fuel such as LNG for long distance transportation, 50 LNG Fuel Stations will be developed in various states of the country by Oil and Gas companies at a cost of around Rs. 500 crore.

    Prime Minister will also dedicate to the nation 1500 E20 (20% ethanol blended) petrol retail outlets worth around Rs 225 crore.

    Prime Minister will inaugurate the Solapur Airport which would significantly improve connectivity, making Solapur more accessible to tourists, business travellers and investors. The existing terminal Building of Solapur has been revamped to serve around 4.1 lakh passengers annually.

    Prime Minister will dedicate to the nation Bidkin Industrial Area, a transformative project covering an expansive 7,855 acres under the National Industrial Corridor Development Program of Govt. of India, situated 20 kms south of Chhatrapati Sambhajinagar in Maharashtra. The project developed under Delhi Mumbai Industrial Corridor holds immense potential as a vibrant economic hub in the Marathwada region. Central Government has approved this project with an overall project cost of over Rs. 6,400 crore for development in 3 phases.

    ***

    MJPS/ST/SKS

    (Release ID: 2058558) Visitor Counter : 99

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Department of Agriculture and Farmers’ Welfare releases Final Estimates of major agricultural crops for 2023-24

    Source: Government of India

    Department of Agriculture and Farmers’ Welfare releases Final Estimates of major agricultural crops for 2023-24

    Record Foodgrains production of 3322.98 LMT

    Record Rice production of 1378.25 LMT

    Record Wheat production of 1132.92 LMT

    Record production of Rapeseed & Mustard 132.59 LMT

    Posted On: 25 SEP 2024 1:33PM by PIB Delhi

    The Ministry of Agriculture and Farmers’ Welfare has released Final Estimates of production of Major Agricultural Crops for the year 2023-24. These estimates have been primarily prepared on the basis of information received from States/ UTs. The crop area has been validated and triangulated with information received from Remote Sensing, Weekly Crop Weather Watch Group and other agencies. Crop yields estimates are majorly based on Crop Cutting Experiments (CCEs) conducted nationwide. The process of recording CCEs has been re-engineered with the introduction of the Digital General Crop Estimation Survey (DGCES), which was rolled out in major States during the 2023-24 agricultural years. The new system has ensured the transparency and robustness of the yield estimates.

    The total Foodgrain production in the country during 2023-24 is estimated at record 3322.98 LMT which is higher by 26.11 LMT than the production of food grains of 3296.87 LMT achieved during 2022-23. Food grain production witnessed record increase due to good production of Rice, Wheat and Shree Anna.

    Total Rice production during 2023-24 is estimated at record 1378.25 LMT. It is higher by 20.70 LMT than previous year’s Rice production of 1357.55 LMT. The Wheat production during 2023-24 is estimated at record 1132.92 LMT. It is higher by 27.38 LMT than previous year’s wheat production of 1105.54 LMT and production of Shree Anna is estimated at 175.72 LMT as compared to 173.21 LMT during previous year.

    During 2023-24, there were drought-like conditions in southern states, including Maharashtra & prolonged dry spell during August especially in Rajasthan. The moisture stress from the drought also affected the Rabi season. This mainly impacted production of pulses, coarse cereals, soybean & cotton.

    The details of production of various crops are given as under:

    Total Foodgrains– 3322.98 LMT (record)

    • Rice -1378.25 LMT (record)
    • Wheat – 1132.92 LMT (record)
    • Nutri / Coarse Cereals – 569.36 LMT
    • Maize – 376.65 LMT
    • Total Pulses – 242.46 LMT
    • Shree Anna– 175.72 LMT
    • Tur – 34.17 LMT
    • Gram – 110.39 LMT

    Total Oilseeds– 396.69 LMT

    • Groundnut – 101.80 LMT
    • Soybean – 130.62 LMT
    • Rapeseed & Mustard – 132.59 LMT (record)

    Sugarcane – 4531.58 LMT

    Cotton – 325.22 Lakh Bales (170 Kgs. each)

    Jute & Mesta – 96.92 Lakh Bales (180 Kgs. each)

    The details of Final Estimate for 2023-24 along with previous estimates are available on upag.gov.in.

    *****

    SS

     

     

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    Read this release in: Hindi

    MIL OSI Asia Pacific News

  • MIL-OSI Video: 2024 DOE Tribal Clean Energy Summit

    Source: United States of America – Federal Government Departments (video statements)

    More than 700 Tribal Leaders, staff, and partners attended the 2024 DOE Tribal Clean Energy Summit on the homelands of the Pechanga Band of Luiseño Indians in Temecula, California. This group joined together to build networks, exchange ideas, and explore clean energy solutions that support Tribal energy sovereignty.

    https://www.youtube.com/watch?v=3ug6uNhohmo

    MIL OSI Video

  • MIL-OSI USA: Deputy Administrator Isobel Coleman at the U.S. – Africa: emPowering West African Energy Solutions

    Source: USAID

    DEPUTY ADMINISTRATOR ISOBEL COLEMAN: Good afternoon, everyone. And, thank you all for joining this discussion about the transformative role of energy in driving economic growth – in West Africa and around the world.

    A recent study from Our World in Data, a reputable nonprofit research consortium, reinforces the direct positive correlation between electricity and income. Most notably, the data shows that high-income, low-energy countries simply do not exist. Economic growth requires available, affordable, and reliable electricity. Access to energy goes hand in hand with economic development. And, when we invest in expanding access to energy, we create the conditions for transformative economic growth.

    African-led approaches are indispensable to achieve this transformation. 

    Just this week, Power Africa signed a Memorandum of Understanding with the African Union Development Agency in support of their Continental Power System Master Plan, which lays out a framework for the creation of an African Single Electricity Market, and ultimately, achieving universal electrification across the African continent. This plan is the culmination of years of analysis, and reflects African ingenuity, creativity, and leadership. And, the plan prioritizes the creation of strong, reliable, and interconnected transmission networks, and of promoting the effective governance of regional power pools.

    The West Africa Power Pool is a shining example of efficient energy trading that lowers overall costs. West Africa is uniquely positioned to meet its energy demands. The region boasts vast natural resources and has made significant investments in the infrastructure necessary to facilitate cross-border energy trade. 

    In 2023, twelve West African countries achieved a monumental milestone by uniting their national power grids. This historic achievement is expected to generate up to $32 billion in trade benefits for ECOWAS countries over the next decade.

    The U.S. government has been a strong supporter of the West Africa Power Pool since its inception over two decades ago. In particular, Power Africa has been deeply involved, providing critical support to advance cross-border transmission lines, facilitate regional power purchase agreements, and enhance bilateral power trade. Over the past five years, our shared efforts have helped boost regional electricity trade by roughly ten percent a year, totaling four terawatt-hours of additional regional power trade.

    The synchronized electricity networks of Benin, Burkina Faso, Côte d’Ivoire, Ghana, Guinea, Liberia, Mali, Mauritania, Senegal, Sierra Leone, The Gambia, and Togo have laid the foundation for a regional energy market. This synchronization allows cleaner, more cost-effective energy to be traded across borders, reducing dependency on expensive, polluting sources like diesel generators, while expanding access to reliable electricity.

    We are enthusiastic about the positive impact the West Africa Power Pool is poised to create as it bolsters the region’s energy security, reliability, and affordability. 

    Power pools like this help lower electricity costs, reduce losses by evacuating excess energy to areas of need, and strengthen regional collaboration. Studies show that when compared to domestic-generation, instituting regional power markets is associated with a 20 percent drop in the average cost of electricity – freeing up significant resources to address other pressing global needs. Regional cooperation, cross-border energy trade, and public-private partnerships in infrastructure will be precursors to meeting West Africa’s energy needs and driving the broad economic growth the continent deserves. 

    USAID looks forward to continuing to collaborate with all of you in pursuit of that goal.

    We have an exciting discussion ahead, so without further ado, I’m honored to introduce the CEO of the Millennium Challenge Corporation, Alice Albright. 

    Thank you. 

    MIL OSI USA News

  • MIL-OSI Economics: Frank Elderson: Energy performance data – a must-have for managing climate-related credit risk

    Source: Bank for International Settlements

    Good morning and a very warm welcome to all of you. It is a pleasure to see so many of you – bank representatives, journalists and supervisors – here in Frankfurt to discuss good practices for collecting and assessing climate-related data for the real estate sector.

    We have come a long way since 2019 when we first started to talk about climate-related and environmental risk management with you – the banks we supervise. Thanks to the tireless work of many dedicated climate risk experts in banks across Europe, jointly we have built up considerable expertise and made encouraging progress.

    Real estate lending represents a significant share of supervised banks’ banking books. The real estate sector is also a concrete example of how physical and transition risks affect traditional prudential risk categories, in this case credit risk. And just as we do for any other material risk, we expect banks to identify, measure and – most importantly – manage these risks.

    Good data are crucial for sound risk management

    In short, to manage your risks you need to know them. And to know your risks you need to have good data. The same holds true when integrating climate-related risk drivers into credit risk management.

    To manage credit risk in the real estate sector, we need data on buildings’ energy efficiency. This is crucial for collateral valuations or determining borrowers’ ability to pay back their loan, for example.

    With this in mind, back in 2021 ECB Banking Supervision started looking at energy performance data for the commercial and residential real estate sectors by conducting targeted reviews for a sample of banks that were most exposed to these sectors. Supervisors collected data from these banks and engaged with them on their practices. As expectations were not yet set on this specific topic, we let banks explain how they obtained energy performance data. We looked at new lending as well as existing loan stocks.

    Overall, our targeted review showed that more progress had been made for new lending, for which most data were based on real data from energy performance certificates. As a concrete outcome of our targeted review, we asked all banks in the sample to collect real energy performance data at loan origination. Our supervisory recommendation was well received by banks that were not yet doing it, showing banks’ willingness to integrate energy performance data into their credit risk management policies. This is good news.

    However, as supervisors, we are also concerned about the existing stock of loans. Most of the data on this are based on proxies, which makes it difficult for both banks and supervisors to design and implement proper risk management measures. Obtaining real data is admittedly challenging, yet many of the banks represented here today have made notable strides. You have found a way to collect energy performance data and use them effectively. And we invite all banks that have not yet advanced on collecting such data to learn from the good practices of those banks that have made critical leaps forward.

    Legislative changes will improve the availability of energy performance data

    Integrating climate-related data is also vitally important in view of impending legislative changes. The revised Energy Performance of Buildings Directive1, which includes common requirements for setting up national databases on the energy performance of buildings, is an important development that should help narrow the data gap. In the spirit of the Directive, further work is needed to ensure adequate data management and increase the reliability and consistency of climate-related real estate data across the European Union. Establishing a comprehensive European database of all buildings in the EU will take time. So banks cannot just sit back and wait. As supervisors we expect banks to manage all material risks. And this requirement is not conditional on the attainability of harmonised data.

    We therefore strongly encourage all efforts to improve data availability and welcome the successful strategies that some banks have implemented to address data gaps.

    Today’s agenda will focus on the collection of energy performance data for the commercial and residential real estate sectors. But this will not be the only topic. Properties in areas prone to hazard events such as floods, rising sea levels or wildfires are increasingly vulnerable and could see a decrease in their collateral value. Last week’s devastating floods in Austria, Czechia, Hungary, Italy, Poland, Romania and Slovakia were a stark reminder of that. Therefore, later in today’s programme we will discuss the challenges and potential solutions for monitoring physical risk. In the coming weeks, the ECB will publish an analytical paper focusing on whether residential mortgage rates in high climate risk areas are influenced by this risk. The paper finds evidence that climate-related risk is already priced into mortgages. In other words, we see that an average bank took climate-related risks into account as loans secured by real estate in high climate risk areas were more expensive than loans with the same characteristics but in safer regions. However, the effect we find is economically small, so it seems that the climate-related risk is still underpriced by the average bank.

    Let me conclude.

    Good, reliable data are a cornerstone of sound risk management. This also holds true for managing the risks stemming from climate change. Thanks to the ongoing dialogue between supervisors and banks, some major stumbling blocks have already been overcome. The good practices observed for collecting real data on energy performance show that, while the task is challenging, it is far from impossible. Sharing your practices with peers will help more banks to improve the availability of energy performance data. So we are all looking forward to hearing about your experiences and learning from what worked well.

    The ongoing climate and nature crises will inevitably render our economy more susceptible to shocks. From a risk-based perspective, let me reassure you that ECB Banking Supervision will continue to play our part in spurring on banks to prepare for these risks. To succeed in our common goal of making banks resilient to climate and nature-related risks, it is vital that we keep up this dialogue with you – the industry – and encourage the exchange of good practices in the years to come.

    I would like to thank you for coming to Frankfurt today to share your experiences.


    MIL OSI Economics

  • MIL-OSI Asia-Pac: Oil Street Art Space new exhibition showcases creative ceramic artworks (with photos)

    Source: Hong Kong Government special administrative region

    Oil Street Art Space new exhibition showcases creative ceramic artworks (with photos)
    Oil Street Art Space new exhibition showcases creative ceramic artworks (with photos)
    *************************************************************************************

         ​The Oil Street Art Space (Oi!) launched the Archaic Curator Series in 2022 and has invited Chinese art historians and curators to collaborate on exhibitions that engage with traditional Chinese art through innovative forms of expression, bridging the old and the new. The third exhibition of the series, “Archaic Curator Series: The Charm of Colour – Travel with Ceramics through Time and Space”, will be held from tomorrow (September 26) until January 31 next year at Oi! Glassie to showcase creative ceramic artworks.     The guest curator and Associate Curator (Antiquities) of the Art Museum of the Chinese University of Hong Kong (CUHK), Dr Wang Guanyu, invited three artists from Jingdezhen and Hong Kong – Gu Yue, Fiona Wong and Caroline Cheng – to participate in the exhibition. Inspired by the CUHK Art Museum’s collection, the three artists infuse their own technical artistry and aesthetics into their works to showcase their personal understanding and interpretation of contemporary ceramic art.     Jingdezhen, also known as the millennium porcelain capital, is renowned for its rich ceramic heritage. Gu Yue, a graduate of Jingdezhen Ceramic University, draws inspiration from flowers and nature to express the vibrant spirit of the new generation of ceramic artists. His works skilfully blend traditional moulding and decorative techniques with contemporary aesthetics. Fiona Wong, who focuses on exploring soil and studying Hong Kong’s culture, draws inspiration from the stories surrounding Nam Koo Terrace, a century-old mansion in Wan Chai. Her artwork comprises a set of 3D-printed containers modelled on the patterned tiles of Nam Koo Terrace and an assembly of ceramic tiles recomposing a historical map of Wan Chai, to guide visitors to uncover the narratives behind contemporary urban development. Artist Caroline Cheng and her team have developed a method to upcycle ceramic waste into malleable clay, challenging the conventional perceptions of ceramics. Visitors to the exhibition can admire her latest works, crafted from this sustainable material.     There are different public engagement programmes in this exhibition. In the “A Tour to Travel with Ceramics through Time and Space” guided tour, docents will lead visitors to explore the two exhibitions at Oi! and the CUHK Art Museum. An education gallery will be set up at G/F Oi! Glassie. During the exhibition period, staff members will act as lab technicians and guide visitors to discover the secrets of ceramic production in a lively and interesting way. In addition, visitors can select a special ceramic colour in the Ceramic Colour Exploration Zone to create a personalised postcard to take home as a cherished souvenir.     During the exhibition period, the CUHK Art Museum will also showcase “Amazing Clay: Masterpieces from the Ceramic Collection of CUHK Art Museum” to enrich visitors’ appreciation of the beauty of traditional Chinese ceramics.     “Archaic Curator Series: The Charm of Colour – Travel with Ceramics through Time and Space” is presented by the Leisure and Cultural Services Department (LCSD) and the CUHK, and organised by Oi! and the Art Museum of CUHK. For more details about the exhibition and registration of programmes, please visit Oi! website at www.apo.hk/en/web/apo/oi_the_charm_of_colour.html, Facebook and Instagram or call 2512 3000. The exhibition is one of the activities under the Chinese Culture Promotion Series. The LCSD has long been promoting Chinese history and culture through organising an array of programmes and activities to enable the public to learn more about the broad and profound Chinese culture. For more information, please visit www.lcsd.gov.hk/en/ccpo/index.html.

     
    Ends/Wednesday, September 25, 2024Issued at HKT 18:40

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Russia: Polytechnic University Higher School of Engineering and Economics Wins BRICS Megagrant Competition

    MIL OSI Translation. Region: Russian Federation –

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

    A team of researchers from the Higher School of Engineering and Economics (VIES) of the Institute of Industrial Management, Economics and Trade, together with colleagues from India and China, have won an international mega-grant from the BRICS framework program. Over the course of three years, the research team will analyze and evaluate the sustainable development of industrial and regional structures in the countries participating in the project.

    The project of the Higher School of Engineering and Economics, developed jointly with scientists from India and China, received funding under the BRICS STI Framework Programme Call 2023: Climate Change Adaptation and Mitigation.

    The BRICS Framework Programme for Scientific and Technological Integration (BRICS STI FP) is aimed at supporting advanced technical, economic, environmental and social solutions in priority areas for ensuring the progressive development of the Commonwealth countries and bringing a synergistic effect. The programme envisages an annual competition for mega-grants for the implementation of international research projects involving participants from BRICS member states jointly carrying out fundamental, applied and innovative research.

    A total of 104 applications were submitted for the competition in 2024. The project of the team of researchers from the Higher School of Engineering and Economics led by the director of VIES Dmitry Rodionov on the topic “Managing the sustainable development of industrial structures within the framework of the Water-Energy-Food concept” became one of 19 winning projects that were selected for financial support.

    The research project of the SPbPU team of scientists is based on the latest concept of “Water-Energy-Food”. The work will involve a comprehensive systemic study in three areas: analysis and assessment of the potential for sustainable development in the fuel and energy complex, mechanical engineering and the agro-industrial complex in Russia, India and China. The central link in the study is the economic and mathematical block “Systemic Modeling of Industrial and Regional Structure Development Management Processes” under the supervision of Doctor of Economics Andrey Zaitsev. The best mathematical models and tool developments will be implemented in decision-making systems in managing the sustainable development of industrial structures in Russia, China and India.

    The success of the project in the grant competition was largely determined by the scientific competencies and creative potential of the VIESH team, including both experienced scientists – doctors of science (D. G. Rodionov, N. G. Viktorova, I. A. Rudskaya, A. A. Zaitsev), and young researchers trained by the school, including those who received PhD degrees in the dissertation councils of the Polytechnic University (N. D. Dmitriev, A. S. Furtatova, D. D. Tutueva, D. A. Kryzhko). The team included researchers involved in the economics of energy, water resources, the agro-industrial complex, and the development of mathematical and statistical methods in economics.

    The project will be implemented with the support of industrial partner Neo Engineering LLC.

    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.

    https://vvv.spbstu.ru/media/nevs/achivments/higher-engineering-economics-school-polytechnic-winner-of-the-competition-for-a-mega-grant-bri/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI Banking: [Interview] Behind the Scenes of Galaxy Ring: Product Planning a Game Changer in Health Management

    Source: Samsung

    Dating back more than 3,000 years to ancient Egypt, rings have symbolized different values throughout human history — including love, power and self-expression. With Samsung Electronics’ newly unveiled Galaxy Ring, health has now been added to that list.
     
    The smallest and most compact form factor in the Galaxy wearable portfolio, the Galaxy Ring fits comfortably on users’ fingers like a traditional ring. Equipped with cutting-edge sensors and Galaxy AI features, the Galaxy Ring offers a powerful health management experience.
     
    Samsung Newsroom sat down with Sungjin Kim and Yujin Roh from the Wearable Product Planning Group, Mobile eXperience Business at Samsung Electronics, to learn how the Galaxy Ring came to be.
     
     
    Ultra-Compact Form Factor Optimized for 24/7 Health Monitoring
    Q. What inspired the creation of the Galaxy Ring, a completely new addition to Samsung’s wearable lineup?
     
    Kim: We’ve been exploring new opportunities in the wearable market with a particular focus on the rapidly growing field of health management. This led us to look for the optimal form factor to provide more accurate, uninterrupted health data for personalized health solutions. After evaluating various form factors, we settled on the ring — a user-friendly, small and lightweight shape that can be worn 24/7.
     
    ▲ Sungjin Kim
     
     
    Q. What key health management benefits does the Galaxy Ring offer?
     
    Roh: Sleep is the foundation of health. The Galaxy Ring is comfortable enough to wear while sleeping and can last up to a week on a single charge,1 making it ideal for collecting detailed and in-depth sleep data. A powerful sleep AI algorithm provides advanced sleep insights to help users better understand and improve their sleep. Furthermore, Energy Score analyzes sleep quality, activity levels, sleeping heart rate and sleeping heart rate variability data to deliver a daily health index to users.
     

    ▲ Yujin Roh
     
     
    Q. What factors were considered during the design process?
     
    Kim: To maximize the advantages of the ring form, we examined the historical and biological significance of rings before incorporating these insights into the product. For example, we adopted a simple yet modern concave style to enhance the Galaxy Ring’s value as an everyday accessory. Moreover, the charging case and packaging have clamshell designs reminiscent of a jewelry box — elevating the quality of the product down to the finest details that users touch.
     
    ▲ Packaging and charging case for the Galaxy Ring
     
     
    The Quest for an Effortless User Experience
    Q. What was your primary focus during the planning process?
     
    Kim: Since our main focus was to provide users with meaningful health insights, we engaged in extensive discussions with the Digital Health Team and other relevant departments. One notable outcome of these collaborations is the introduction of Energy Score on Samsung Health. In addition, users can receive personalized health insights powered by Galaxy AI to help them reach their health goals. This innovation marks a new step in active and autonomous health management, moving beyond mere monitoring to offer users valuable guidance for healthier lifestyles.
     
    ▲ The Galaxy Ring features a heart rate sensor, accelerometer and skin temperature sensor.
     
    Roh: Comfort and aesthetics were also key priorities for us. Users were pleasantly surprised by how light the wearable is. During the planning phase, we conducted extensive research to ensure lightweight comfort. In addition, we carefully selected colors that complement a wide range of styles.
     
    ▲ The Galaxy Ring is available in Titanium Black, Titanium Silver and Titanium Gold.
     
     
    Q. What was the biggest challenge in designing the Galaxy Ring?
     
    Roh: Designing and implementing gestures was particularly challenging. To create a connected Galaxy ecosystem, we considered various user scenarios to ensure the product would be practical and convenient for everyone. As a result, we introduced the alarm turnoff feature — allowing users to dismiss the wake-up alarm on their Galaxy smartphone with a double-pinch gesture on the Galaxy Ring. This same movement can also control the Galaxy smartphone’s camera, maximizing connectivity between devices.
     
     
    Q. What has been the most memorable feedback since the Galaxy Ring launched?
     
    Kim: Unlike our previous products, we released teasers for the Galaxy Ring before its launch to attract attention. I vividly remember how excitement for the wearable exploded beyond our expectations when the product was revealed. This surge in interest energized everyone working on the product, fueling our passion during the final stretch of the launch. I’m proud to say that every single member of the team worked hard to perfect the device.
     
    Roh: The consumer feedback that pleased me the most was, “I love how it gives me such thorough health information, from sleep to exercise, when all I did was wear it.” We frequently hear that the product is so comfortable that users forget they have it on. This makes us proud and shows that our focus during the planning stage paid off. We’re grateful that users recognized our efforts in creating a premium experience — from the Galaxy Ring’s aesthetic to the charging case and practical sizing kit that allows users to measure their ring size in advance.
     
    ▲ (From left) Sungjin Kim and Yujin Roh discuss the product planning process behind the Galaxy Ring.
     
     
    Ushering in a New Era of Health Management
    Q. In one word or sentence, how would you describe the Galaxy Ring?
     
    Kim: I would say it’s a “game changer.” The Galaxy Ring is the first new form factor since the Galaxy Watch series — offering an even more intimate health experience with powerful capabilities packed into a small, lightweight device. Achieving this feat required hard work from the development and design teams as well as various other departments. I want to extend my heartfelt thanks to everyone involved in creating this product.
     
    Roh: In a word, it’s the “beginning.” For some, the Galaxy Ring marks the start of a new day. For others, the device signifies the commencement of a full-blown health management journey. Nonetheless, we hope it will open a new era of possibilities in the wearable market.
     
    ▲ (From left) Yujin Roh and Sungjin Kim pose for a photo with the Galaxy Ring.
     
     
    Q. What’s next for the Galaxy Ring?
     
    Kim: We aim to maximize the benefits of this ultra-small form factor to track and manage health data in the simplest way possible. As the wearable market continues to rapidly grow with a variety of products and services expected to emerge, our teams are dedicated to developing robust solutions that meet users’ needs.
     
    Roh: Beyond measuring health information, we will continue to explore ways of providing more specific insights and meaningful health improvements tailored to each user’s environment. We appreciate the continued interest in our innovations and hope users will share our anticipation for upcoming products.
     
    The creation of the Galaxy Ring — the smallest yet most powerful product in the Galaxy wearable lineup — was driven by the passion and tireless efforts of many dedicated individuals. Samsung looks forward to the new horizons the Galaxy Ring will unlock for health management in users’ everyday lives.
     
     
    1 Battery life is based on testing conducted with the size 12 and size 13 Galaxy Ring. Battery life of the size 12 and size 13 Galaxy Ring lasts up to 7 days on a single charge. Battery life varies by ring size. Battery life is based on results from internal lab tests for typical usage pattern scenarios conducted by Samsung. Tested with results from a pre-released version of the device under the scenario of Sleep Tracking for 6 hours, Auto Workout Detection for 1 hour and 30 minutes and several specific events (20 times of reconnection after disconnection, 3 times of Samsung Health app setting change, 0.5 times of Find My Ring execution, 3 minutes of Gestures execution) assuming 24 hours of use per day. Actual battery life may vary depending on different usage patterns, device model or the battery manufacturer. Rated capacity is 17mAh for Galaxy Ring sizes 5,6,7 (battery life lasts up to 6 days on a single charge), 18.5mAh for sizes 8,9,10,11 (battery life lasts up to 6 days on a single charge) and 22.5mAh for sizes 12,13 (battery life lasts up to 7 days on a single charge). Testing conducted by Samsung using Fast Charging USB C Cable and Samsung 25W USB C Power Adapter. Charge time varies with settings, usage patterns and environmental factors; actual results may vary.

    MIL OSI Global Banks

  • MIL-OSI: Keiretsu Forum Investor Capital Expo: A Must-Attend Event for Angel Investors, Family Offices, and Venture Capital Professionals

    Source: GlobeNewswire (MIL-OSI)

    PHILADELPHIA, Sept. 25, 2024 (GLOBE NEWSWIRE) — The upcoming Investor Capital Expo, hosted by Keiretsu Forum in Philadelphia, offers a rare opportunity for accredited investors to engage directly with early-stage companies that have undergone Keiretsu Forum’s rigorous due diligence process. Scheduled for October 31, 2024, at Convene City View in Philadelphia, this event provides a platform for investors to explore diverse high-growth opportunities while building relationships with fellow investors and company founders.

    This year’s twelve presenting companies represent a wide range of sectors, each poised to make a significant impact in their respective industries. Among them are Relavo Medical, Seneca Therapeutics, and Iris Dynamics Limited:

    Relavo Medical is revolutionizing kidney failure treatment with its innovative device, the PeritoneX, which addresses a critical barrier to peritoneal dialysis (PD) adoption by reducing the risk of peritonitis. With only 12% of kidney failure patients currently choosing PD, the PeritoneX’s in-line disinfection system significantly reduces microbial contamination and integrates with existing setups, offering a safer, more accessible option for patients to receive treatment at home. Investors will find a compelling opportunity in Relavo Medical’s mission to improve patient outcomes while reducing healthcare costs.

    Seneca Therapeutics is advancing cancer treatment with its oncolytic immunotherapy, SVV-001. This innovative approach targets solid tumors that express the TEM8 receptor, enhancing the immune response and offering hope for patients with drug-resistant cancers. Having demonstrated safety and potential efficacy in preclinical and clinical trials, Seneca Therapeutics is actively seeking funding to push its promising cancer therapy into later-stage trials.

    Iris Dynamics Ltd., based in Victoria, British Columbia, specializes in advanced motion control systems designed for applications ranging from aerospace to virtual reality simulation. Their Orca Series motors and IO SmartHub are transforming industrial automation with high-precision control and simplified integration. Investors interested in cutting-edge technology will find Iris Dynamics’ expansion plans to be an exciting opportunity in intelligent motion control.

    These companies, along with the other presenters, have comprehensive investment packages and are actively raising capital. Attendees at the Investor Capital Expo will have the chance to engage with these companies’ leadership teams, gaining deeper insights into their growth strategies and potential returns on investment.

    “We’re proud to present such a strong lineup of companies that are actively shaping the future of their industries,” said Howard Lubert, Regional President of Keiretsu Forum. “This Expo is a valuable chance for investors to collaborate with other seasoned professionals and explore opportunities backed by our extensive due diligence process.”

    Networking and Collaboration: The Key to Successful Investing

    In addition to company presentations, the Investor Capital Expo offers unparalleled networking opportunities for investors to connect with peers from across the angel investing and early-stage company landscape. Whether attending in person or virtually, participants will have the chance to build relationships and discover new investment opportunities.

    Event Details:

    Date: October 31, 2024, 8:00 AM – 6:00 PM EDT

    Location: Convene City View, 30 S 17th St, Philadelphia, PA

    Registration: Accredited angel investors can register HERE

    Don’t miss this chance to engage with high-potential companies and collaborate with top investors. Join us in Philadelphia for a day of learning, networking, and discovery.

    For media inquiries, please contact:
    Cindi Sutera
    CindiS@AMSCommunications.net
    610-613-2773

    About Keiretsu Forum

    Keiretsu Forum is the world’s largest private equity angel investment network with 2000+ accredited investors in 35 North American and 23 International chapters, who have invested more than $1B in early-stage companies in the last 23 years.

    The Keiretsu Forum portfolio features Entrepreneurs and Companies from Technology-(Internet, Software, Cyber Security, SaaS, Mobile Systems, IoT, etc.), Life Sciences-(Pharma, Medical Devices, Health IT, etc.), FinServ/FinTech, Consumer Products, Clean-Green Energy, Consumer Products, & more!

    The MIL Network

  • MIL-OSI Europe: Statement by Antonio Tajani, Minister for Foreign Affairs and International Cooperation of Italy in his capacity as Chair of the G7 Foreign Ministers’ Meeting at the High-Level Week of the UN General Assembly (23 September 2024)

    Source: Republic of France in English
    The Republic of France has issued the following statement:

    1. Introduction

    In today’s meeting in New York, in the wake of the Summit of the Future, the G7 Foreign Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom, the United States and the High Representative of the European Union reiterated their commitment to upholding the rule of law, humanitarian principles and international law, including the Charter of the United Nations, and to protecting human rights and dignity for all individuals.

    They re-emphasized their determination to foster collective action in order to preserve peace and stability to address global challenges, such as the climate crisis and to advance the achievement of the 2030 Agenda for Sustainable Development and the Sustainable Development Goals (SDGs).

    In doing so, the G7 members renewed their commitment to the promotion of free societies and democratic principles, where all persons can freely exercise their rights and freedoms.

    2. Summit for the Future

    In the spirit of the renewed determination to strengthen the multilateral system based on the UN Charter’s principles, as reflected in the Pact for the Future adopted at the Summit of the Future by world Leaders, the G7 members committed to continue working with countries and all relevant stakeholders within the UN system through dialogue, mutual understanding and respect in the pursuit of common solutions, with the aim of upholding and reforming the multilateral system so that it better reflects today’s world and is fit to respond to the complex global challenges of the future. They reaffirmed their commitment to work with all UN member states to strengthen the roles of the UNSG as well as the UNGA. They also recommitted to the reform of the UNSC.

    3. Steadfast Support to Ukraine

    The G7 members reaffirmed their unwavering support to Ukraine as it defends its freedom, sovereignty, independence, and territorial integrity, against Russia’s brutal and unjustifiable war of aggression. The G7 members strongly condemned Russia’s blatant breach of international law, including the UN Charter, and of the basic principles that underpin the international order. They strongly condemned the serious violations of international humanitarian law perpetrated by Russia’s forces in Ukraine, which have caused a devastating impact on the civilian population. Violence against civilians, including women, children, and prisoners of war is unacceptable.

    They expressed their outrage at Russia’s repeated attacks against critical infrastructure and they condemned in the strongest possible terms any targeting of civilian buildings and even hospitals. Ensuring the protection and resilience of Ukraine’s energy grid and its power generation capacity remains a fundamental and urgent priority as winter approaches. They welcomed the international conference on energy security held on August 22. .as well as the ongoing coordination of the G7 energy group. They reiterated their commitment to help Ukraine meet its urgent short-term financing needs, as well as support its long-term recovery and reconstruction priorities.

    Russia must end its war of aggression and pay for the damage it has caused to Ukraine. The G7 members reiterated their commitment to explore and use all possible lawful avenues by which Russia is made to meet those obligations.

    The launch of the Extraordinary Revenue Acceleration (ERA) Loans for Ukraine, as mandated by G7 leaders, will make available approximately USD 50 billion in additional funding to Ukraine that will be serviced and repaid by future flows of extraordinary revenues stemming from the immobilization of Russian sovereign assets held in the European Union and other relevant jurisdictions.

    The G7 Foreign Ministers and the High Representative are working, together with Finance Ministers, to operationalize the G7 Leaders’ commitment by the end of the year. They will maintain solidarity in this commitment to providing this support to Ukraine. The G7 members confirmed that, consistent with all applicable laws and their respective legal systems, Russia’s sovereign assets in their jurisdictions will remain immobilized until Russia ends its aggression and pays for the damage it has caused to Ukraine.

    They also committed to strengthening the Ukraine Donor Platform to help coordinate the disbursal of funds and ensure they align with Ukraine’s highest priority needs at a pace it can effectively absorb. This will play a key role in advancing Ukraine’s reforms in line with its European path and in contributing to a successful Ukraine Recovery Conference to be held in Italy in 2025.

    Any use of nuclear weapons by Russia in the context of its war of aggression against Ukraine would be inadmissible. They therefore condemned in the strongest possible terms Russia’s irresponsible and threatening nuclear rhetoric, as well as its posture of strategic intimidation. They also expressed their deepest concern about the reported use of chemical weapons as well as riot control agents as a method of warfare by Russia in Ukraine.

    The G7 members remained committed to holding those responsible accountable for atrocities in Ukraine, in line with international law. They also condemned the seizures of foreign companies and called on Russia to reverse these measures and seek acceptable solutions with the companies targeted by them.

    They condemned Russia’s seizure and continued control and militarization of Zaporizhzhia nuclear power plant, which poses severe risks for nuclear safety and security, potentially affecting the entire international community. They reiterated their support to the International Atomic Energy Agency’s efforts directed at mitigating such risks.

    They underlined once again their support for Ukraine’s right of self-defense and reiterated their commitment to Ukraine’s long-term security, recalling the launch of the Ukraine Compact in Washington on 11 July 2024. They re-affirmed the intention to increasing industrial production and delivery capabilities to assist Ukraine’s self-defense. They highlighted their support to Ukraine in its efforts to modernize its armed forces and strengthen its own defense industry. They expressed their resolve to bolster Ukraine’s air defense capabilities to save lives and protect critical infrastructure.

    They remained committed to raising the costs of Russia’s war of aggression by building on the comprehensive package of sanctions and economic measures already in place. Though existing measures have had a significant impact on Russia’s war machine and ability to fund its invasion, its military is still posing a threat not just to Ukraine but also to international security.

    The G7 members expressed the intention to continue taking appropriate measures, consistent with their legal systems, against actors in China and in third countries that materially support Russia’s war machine, including financial institutions, and other entities that facilitate Russia’s acquisition of items for its defense industrial base.

    They expressed their intention to continue to apply significant pressure on Russian revenues from energy and other commodities. This will include improving the efficacy of the oil price cap policy by taking further steps to tighten compliance and enforcement, including against Russia’s shadow fleet, while working to maintain market stability.

    They especially emphasized the urgency to support Ukraine’s energy security, including by coordinating international assistance through the G7+Ukraine Energy Coordination Group. They underscored the importance to continue working with the Ukrainian authorities and International Financial Institutions through the Ukraine Donor Platform, and by mobilizing private investments and fostering participation of civil society.

    They highlighted the reality of millions of internally displaced Ukrainians and the importance of an inclusive rights-based, gender-responsive recovery, including the reintegration of veterans and civilians with disabilities, and to address the needs of women, children as well as other population groups who have been disproportionately affected by Russia’s war of aggression. They reiterated their condemnation of Russia’s unlawful deportation of Ukrainian children and welcomed coordinated efforts to secure their safe return. They called on Russia to release all persons it has unjustly detained and safely return all civilians it has illegally transferred or deported, starting with children. They welcomed the Ministerial Conference on the Human Dimension of Ukraine’s 10 point peace formula that will be hosted by Canada on October 30-31.

    They reiterated the need to support Ukraine’s agriculture sector, which is critical for global food supply, particularly for the most vulnerable nations, and called for unimpeded exports of grain, foodstuffs, fertilizers and inputs from Ukraine.

    They acknowledged the importance to involve the private sector in the sustainable economic recovery of Ukraine. They welcomed and underscored the significance of Ukraine itself continuing to implement domestic reform efforts, especially in the fields of anti-corruption, justice system reform, decentralization, and promotion of the rule of law. These endeavors are in line with the Euro-Atlantic path Ukraine has embraced. The G7 members were unanimous on the need to continue to support efforts of the Ukrainian government and people in these endeavors.

    They resolutely condemned Russia’s holding of illegitimate ‘elections’ in the occupied Ukrainian Autonomous Republic of Crimea and the city of Sevastopol. Russia’s actions once again demonstrate its blatant disregard for Ukraine’s territorial integrity, sovereignty and independence, and the UN Charter. They called on all members of the international community to refrain from recognizing Russia’s illegitimate actions.

    They welcomed the Summit on Peace in Ukraine that took place in Switzerland on June 15-16 and its focus on the key priorities needed to achieve a framework for peace based on international law, including the UN Charter and its principles, and respect for Ukraine’s sovereignty and territorial integrity. They remained committed to follow up on the Conference through constructive engagement with all international partners to reach a comprehensive, just and lasting peace.

    The G7 members acknowledged that Russia continues to expand its campaigns of foreign information manipulation and interference (FIMI). They condemned Russia’s use of FIMI to support its war of aggression against Ukraine. They reiterated their determination to bolster the G7 Rapid Response Mechanism by developing a collective response framework to counter foreign threats to democracies.

    4. Situation in the Middle East

    The G7 members reiterated their condemnation of Hamas’ horrendous attacks on October 7, 2023. 101 hostages are still in the hands of Hamas. They noted with deep concern the trend of escalatory violence in the Middle East and its repercussions on regional stability and on the lives of civilians shattered by this conflict, from the Gaza Strip to the Israeli-Lebanese Blue Line. Actions and counter-reactions risk magnifying this dangerous spiral of violence and dragging the entire Middle East into a broader regional conflict with unimaginable consequences. They called for a stop to the current destructive cycle, while emphasizing that no country stands to gain from a further escalation in the Middle East.

    They expressed their deep concern about the situation along the Blue Line. They recognized the essential stabilizing role played by the Lebanese Armed Forces and the UN Interim Force in Lebanon in mitigating that risk. They demanded the full implementation of UNSCR 1701 (2006) and urged that all relevant actors implement immediate measures towards de-escalation.

    The G7 members reaffirmed their strong support for the ongoing mediation efforts undertaken by the United States, Egypt and Qatar to reach a resolution between the parties to the conflict in Gaza. They reiterated their full commitment for the implementation of the UNSC Resolution 2735 (2024) and the comprehensive deal outlined by President Biden in May that would lead to an immediate ceasefire in Gaza, the release of all hostages, a significant and sustained increase in the flow of humanitarian assistance throughout Gaza, and an enduring end to the crisis, to secure a pathway to a two-state solution with a safe Israel alongside a sovereign Palestinian state. They urged the parties to the conflict to unequivocally accept the ceasefire proposal, stressing the need for countries in a position to directly influence the parties to cooperate in strengthening mediation efforts. They called for the full implementation of the terms of the ceasefire proposal without delay and without conditions.

    They called on all parties to fully comply with international law, including international humanitarian law. They expressed their deep alarm for the heavy toll this conflict has taken on civilians, deploring all losses of civilian lives equally and noting with great concern that, after nearly a year of hostilities and regional instability, it is mostly civilians, including women and children, who are paying the highest price. Protection of civilians must be an absolute priority for all parties at all times.

    The G7 members expressed concern at the unprecedented level of food insecurity affecting most of the population in the Gaza Strip. Securing full, rapid, safe, and unhindered humanitarian access in all its forms and through all relevant crossing points remains an absolute priority. They urged all parties to allow the unimpeded delivery of aid and ensure protection of humanitarian workers by properly implementing de-confliction measures. They recognized the crucial role played by UN agencies and other humanitarian actors in delivering assistance especially health care for the most vulnerable persons, including the polio vaccination campaign. They expressed their support for UNRWA to effectively uphold its mandate, emphasizing the vital role that the UN Agency plays.

    The G7 members reaffirmed their unwavering commitment, through reinvigorated efforts in the Middle East Peace Process, to the vision of a two-state solution where two democratic states, Israel and Palestine, live side by side in peace within secure and recognized borders, consistent with international law and relevant UN resolutions, and in this regard stress the importance of unifying the Gaza strip with the West Bank under Palestinian Authority. We note that mutual recognition, to include the recognition of a Palestinian state, at the appropriate time, would be a crucial component of that political process. They expressed their concern about the risk of weakening the Palestinian Authority and underlined the importance of maintaining economic stability in the West Bank. They welcomed the EU’s 400 million Euro emergency package for the Palestinian Authority. All parties must refrain from unilateral actions and from divisive statements that may undermine the prospect of a two-state solution, including the Israeli expansion of settlements and the “legalization” of settlement outposts. They condemned the rise in extremist settler violence committed against Palestinians, which undermines security and stability in the West Bank and threatens prospects for a lasting peace. They expressed their deep concern regarding the deteriorating security situation in the West Bank.

    They reiterated their commitment to working together – and with other international partners – to closely coordinate and institutionalize their support for civil society peacebuilding efforts, ensuring that they are part of a larger strategy to build the foundation necessary for a negotiated and lasting Israeli-Palestinian peace. The G7 members called on Iran to contribute to de-escalation of tensions in the region. They demanded that Iran cease its destabilizing actions in the Middle East. They underlined that they stand ready to adopt further sanctions or take other measures in response to further destabilizing initiatives.

    They reiterated their determination that Iran must never develop or acquire a nuclear weapon and that the G7 will continue working together, and with other international partners, to address Iran’s nuclear escalation. A diplomatic solution remains the best way to resolve this issue. As the IAEA remains unable to verify that Iran’s nuclear program is exclusively peaceful, they urged Iran’s leadership to cease and reverse nuclear activities that have no credible civilian justification and to cooperate with the IAEA without further delay to fully implement their legally binding safeguards agreement and their commitments under UNSCR 2231(2015).

    They condemned in the strongest possible terms Iran’s export and Russia’s procurement of Iranian ballistic missiles. Evidence that Iran has continued to transfer weaponry to Russia despite repeated international calls to stop represents a further escalation of Iran’s military support to Russia’s war of aggression against Ukraine. Russia has used Iranian weaponry such as UAVs to kill Ukrainian civilians and strike their critical infrastructure.

    They reiterated that Iran must immediately cease all support to Russia’s illegal and unjustifiable war against Ukraine and halt such transfers of ballistic missiles, UAVs and related technology, which constitute a direct threat to the Ukrainian people as well as European and international security more broadly.

    They reaffirmed their steadfast commitment to hold Iran to account for its unacceptable support for Russia’s illegal war in Ukraine that further undermines global security. In line with their previous statements on the matter, they underscored that they are already responding with new and significant measures.

    They also reiterated their deep concern about Iran’s human rights violations, especially against women and minority groups. They reiterated their call on Iran to allow access to the country to relevant UN Human Rights Council Special Procedures mandate holders.

    De-escalation efforts in the region must also include the immediate and unconditional termination of any attack by the Houthis against international and commercial vessels transiting the Gulf of Aden, the Bab al-Mandeb Strait and the Red Sea. The G7 members reiterated their strong condemnation of these attacks and the right of countries to defend their vessels from attacks. They called for the immediate release by the Houthis of the Galaxy Leader and its crew. They expressed their strong concern about the August 21 attack on the merchant vessel Sounion and the ongoing risk of an environmental catastrophe as salvage operations continue. They welcomed the efforts by the EU maritime operation Aspides and by the US-led Operation Prosperity Guardian to protect vital sea lanes. They appreciated the efforts of those countries that are committed to protect freedom of navigation and trade, as well as maritime security, in line with UNSCR 2722 (2024) and in accordance with international law.

    5. Fostering partnerships with African Countries

    The G7 members reaffirmed their commitment to support African nations in the pursuit of sustainable development as well as the creation of jobs and growth. The focus remains on fostering fair partnerships, built on shared principles, democratic values, local leadership, and practical initiatives.

    They reiterated their intention to align actions with the African Union’s Agenda 2063 and the specific needs of African countries, including plans to improve local and regional food security, infrastructure, trade, and agricultural productivity. They expressed their support for the implementation of the African Continental Free Trade Area, a crucial factor for Africa’s growth in the next decade.

    The G7 members emphasized the need to strengthen mutually beneficial cooperation with African countries and regional organizations. In addition to maintaining financial support for African nations, they expressed their determination to improve the coordination and effectiveness of G7 resources, mobilizing domestic resources and encouraging increased private investments.

    They welcomed the African Union’s permanent membership in the G20, and the creation of an additional Chair for Sub-Saharan Africa on the IMF Executive Board in November.

    They reaffirmed their commitment to the G20 Compact with Africa, a tool aimed at enhancing private investment, driving structural reforms, supporting local entrepreneurship, and fostering cooperation, particularly in the energy sector. The G7 Partnership for Global Infrastructure and Investment (PGII), and initiatives like the EU’s Global Gateway can contribute to promote sustainable, resilient, and economically viable infrastructure in Africa, ensuring transparency in project selection, procurement, and financing. In this framework, they welcomed Italy’s Mattei Plan for Africa.

    They recognized that sustainable development, peace and security and democracy go hand in hand, reaffirming their commitment to help African governments in strengthening democratic governance and respect for human rights, while addressing conditions conducive to terrorism, violent extremism, and instability.

    They expressed their deep concern about the destabilizing activities of the Kremlin-backed Wagner Group and other Russia-supported entities. They called for accountability for all those responsible for human rights violations and abuses.

    6. Indo-Pacific

    The G7 members reiterated their commitment to a free and open Indo-Pacific, based on the rule of law, which is inclusive, prosperous and secure, grounded on sovereignty, territorial integrity, peaceful resolution of disputes, fundamental freedoms and human rights. They reaffirmed the importance of working together with regional partners and organizations, notably the Association of Southeast Asian Nations (ASEAN). They reaffirmed their thorough support for ASEAN centrality and unity. They reaffirmed their intention to work to support Pacific Island Countries’ priorities, as articulated through the 2050 Strategy for the Blue Pacific Continent.

    As they seek constructive and stable relations with China, they recognized the importance of direct and candid engagement to express concerns and manage differences. They reaffirmed their readiness to cooperate with China to address global challenges. They expressed their deep concern at the China’s support to Russia. They called on China to step up efforts to promote international peace and security, and to press Russia to stop its military aggression and immediately, completely and unconditionally withdraw its troops from Ukraine. They encouraged China to support a comprehensive, just and lasting peace based on territorial integrity and the principles and purposes of the UN Charter, including through its direct dialogue with Ukraine. They also expressed their deep concern at China’s ongoing support for Russia’s defense industrial base, which is enabling Russia to maintain its illegal war in Ukraine and has significant and broad-based security implications. They called on China to cease the transfer of dual-use materials, including weapons components and equipment, that are inputs for Russia’s defense sector.

    They recognized the importance of China in global trade. However, they expressed their concerns about China’s persistent industrial targeting and comprehensive non-market policies and practices that are leading to global spillovers, market distortions and harmful overcapacity in a growing range of sectors, undermining our workers, industries and economic resilience and security, as well as impacting on currencies. The G7 members are not decoupling or turning inwards. They are de-risking and diversifying supply chains where necessary and appropriate and fostering resilience to economic coercion. They called on China to refrain from adopting export control measures, particularly on critical minerals, that could lead to significant supply chain disruptions. Together with partners, the G7 members will invest in building their respective industrial capacities, promote diversified and resilient supply chains, and reduce critical dependencies and vulnerabilities.

    They remained seriously concerned about the situation in the East and South China Seas and reiterated their strong opposition to any unilateral attempt to change the status quo by force or coercion. They reaffirmed that there is no legal basis for China’s expansive maritime claims in the South China Sea, and they reiterated their opposition to China’s militarization and coercive and intimidation activities in the South China Sea. They re-emphasized the universal and unified character of the United Nations Convention on the Law of the Sea (UNCLOS) and reaffirmed UNCLOS’s important role in setting out the legal framework that governs all activities in the oceans and the seas. They reiterated that the award rendered by the Arbitral Tribunal on 12 July 2016 is a significant milestone, which is legally binding upon the parties to those proceedings and a useful basis for peacefully resolving disputes between the parties. They reiterated their strong opposition to China’s dangerous use of coast guard and maritime militia in the South China Sea and its repeated obstruction of countries’ high seas freedom of navigation. They expressed deep concern about the dangerous and obstructive maneuvers, including water cannons and ramming, by the China Coast Guard and maritime militia against Philippines vessels.

    The G7 members reaffirmed that maintaining peace and stability across the Taiwan Strait is indispensable to international security and prosperity, and called for the peaceful resolution of cross-Strait issues. There is no change in the basic position of the G7 members on Taiwan, including stated One-China policies. They supported Taiwan’s meaningful participation in international organizations as a member where statehood is not a prerequisite and as an observer or guest where it is.

    They remained concerned by the human rights situation in China, including in Xinjiang and Tibet. They are also worried about the crackdown on Hong Kong’s autonomy and independent institutions, and ongoing erosion of rights and freedoms. They urged China and the Hong Kong authorities to act in accordance with their international commitments and applicable legal obligations.

    The G7 members strongly condemned North Korea’s continuing expansion of its unlawful nuclear and ballistic missile programs in violation of multiple UNSC resolutions and its continuous destabilizing activities. They reiterated their call for the complete denuclearization of the Korean Peninsula and demanded that North Korea abandons all its nuclear weapons, existing nuclear programs, and any other WMD and ballistic missile programs in a complete, verifiable and irreversible manner, in accordance with all relevant UNSC resolutions. They called on North Korea to return to dialogue to promote peace and stability in the Korean peninsula. They urged all UN Member States to fully implement all relevant UN Security Council resolutions. They reiterated their deep disappointment with Russia’s veto last March on the mandate renewal of the UNSC 1718 Committee Panel of Experts.

    They condemned in the strongest possible terms the increasing military cooperation between North Korea and Russia, including North Korea’s export and Russia’s procurement of North Korean ballistic missiles and munitions in direct violation of relevant UNSCRs, as well as Russia’s use of these missiles and munitions against Ukraine. They are also deeply concerned about the potential for any transfer of nuclear or ballistic missiles-related technology to North Korea, in violation of the relevant UNSCRs. They urged Russia and North Korea to immediately cease all such activities and abide by relevant UNSCRs. They urged North Korea to respect human rights, facilitate access for international humanitarian organizations, and resolve the abductions issue immediately.

    They called on China not to conduct or condone activities aimed at undermining the security and safety of our communities and the integrity of our democratic institutions, and to act in strict accordance with its obligations under the Vienna Convention on Diplomatic Relations and the Vienna Convention on Consular Relations.

    7. Regional Issues

    Venezuela

    The G7 members reiterated their deep concern about the situation in Venezuela, following the vote on July 28.

    They emphasized that the announced victory of Maduro lacks credibility and democratic legitimacy, as indicated by reports of the UN Panel of Experts and independent international observers as well as data published by the opposition. They underscored that it is essential for electoral results to be complete and independently verified to ensure respect for the will of the Venezuelan people.

    They expressed their outrage for the arrest warrant and constant threats to the security of Edmundo Gonzalez Urrutia, who decided to seek refuge in Spain. According to the above-mentioned independent reports, Edmundo Gonzalez Urrutia appears to have won the most votes.

    They urged Venezuelan representatives to cease all human rights violations and abuses, arbitrary detentions and widespread restrictions on fundamental freedoms, particularly affecting the political opposition, human rights defenders, and representatives of independent media and civil society. They called for the release of all political prisoners and for a path to freedom and democracy for the people of Venezuela.

    They urged the international community to keep Venezuela high on the diplomatic agenda and they expressed their support for efforts by regional partners to facilitate the Venezuelan-led democratic and peaceful transition that the people of Venezuela have clearly chosen in the polls.

    Haiti

    The G7 members expressed their determination to continue supporting Haitian institutions – including the Transitional Presidential Council (CPT) and the Government of Prime Minister Conille – in their commitment to create the necessary conditions of general security and stability for the convening, by February 2026, of free and fair elections. The expression of popular will would set the foundation for the full restoration of democracy and the rule of law in Haiti.

    They also expressed full support to the Multinational Security Support (MSS) mission, which is providing critical support to the Haitian National Police as they counter criminal gangs engaged in illicit trafficking and inflicting brutal violence upon the population.

    The G7 members emphasized the importance of continued support to the MSS mission through financial contributions to the UN Trust Fund as well as contributions in kind. They expressed their strong appreciation for the commitment of the Government of Kenya – which has already deployed 380 personnel on the ground – to support the Haitian National Police in restoring peace and security.

    They called on all countries that have committed to deploy their contingents to the MSS mission to do so as soon as possible, to consolidate the mission and its fundamental role in the Country. They called on Haiti’s partners to continue their humanitarian assistance to the Haitian people and to expedite their financial and in-kind contributions to the MSS mission to help ensure that the mission is resourced for success.

    They called also on the United Nations Security Council to consider a UN Peace Operation to maintain the security gains of the Haiti National Police and the MSS mission for holding free and fair elections and called on the Secretary-General accordingly to provide support.

    The G7 members welcomed the work of the G7 Working Group on Haiti in monitoring institutional, political, social and security developments in Haiti, with a view to supporting the stabilization of the country and the restoration of full democratic governance.

    Libya

    The G7 members reiterated their unwavering commitment to Libyan stability, sovereignty, independence and unity. They expressed deep concern about recent developments in the country, in particular those involving the leadership of the Central Bank of Libya and the High Council of State, which show the fragility and unsustainability of the present status quo. They urged relevant Libyan parties to rapidly reach the necessary compromises to begin to restore the institutional integrity of the Central Bank of Libya and its standing with the international financial community. They called on Libyan political actors to refrain from taking harmful unilateral actions that create further political tension and fragmentation and make the country vulnerable to harmful foreign interference.

    They noted advances made in the organization of local elections and they called for a free, fair and inclusive participation of all Libyans. It is now imperative to relaunch a Libyan-led and Libyan-owned political process facilitated by the UN towards free and fair presidential and parliamentary elections.

    They expressed their support and commended the efforts made by UNSMIL officer in charge Stephanie Koury in support of the stabilization of Libya. They called on the Secretary General to appoint a new Special Representative without delay.

    Sudan

    The G7 members reiterated their grave concern over the ongoing fighting, mass-displacement and famine in Sudan.

    They condemned the serious human rights violations and abuses against the civilian population, including widespread sexual and gender-based violence, as well as international humanitarian law violations by both sides to the conflict. They called for an immediate end to the escalating violence, which is creating further displacement, and urged the warring parties to ensure the protection of civilians. They reiterated their commitment to holding accountable all those responsible for violations of international law in Sudan.

    They condemned the emergence of famine in Sudan as a direct consequence of efforts to restrict access of humanitarian actors. They noted recent progress in relation to the re-opening of the Chad-Sudan Adre border crossing, in the wake of the Paris Conference and of the Geneva talks. They called for full, rapid, safe, and unhindered humanitarian access both into Sudan and across lines of conflict so aid can reach all those in need.

    They urged all parties to cease hostilities immediately and to engage in serious negotiations aimed at achieving a lasting ceasefire, humanitarian access and protection of civilians without pre-conditions.

    They called on external actors to refrain from fueling the conflict, to respect the UN arms embargo on Darfur, and to play a responsible role in resolving the crisis.

    They welcomed mediation efforts by regional and international actors and organizations to facilitate a durable peace for the country.

    Inclusive, national dialogue, aimed at restoring democracy, re-establishing and strengthening the civilian and representative institutions after the end of the conflict, is a prerequisite for lasting peace. The G7 Members emphasized that it is necessary for representatives of Sudanese civil society, including women, to be fully engaged in the reflection on the political future of the country.

    MIL OSI Europe News

  • MIL-OSI USA: Understanding Mosquito-Borne Diseases in Connecticut

    Source: US State of Connecticut

    Despite the gradual arrival of fall, mosquitos are still active in our state. Paulo Verardi, professor of virology and vaccinology and head of the Department of Pathobiology and Veterinary Science, shares information that can keep Connecticut residents safe from mosquito-borne diseases.

    What types of mosquito-borne diseases are we seeing in Connecticut?

    Mosquito-borne diseases are spread by the bite of infected mosquitoes. In Connecticut, one would immediately think of West Nile virus, by far the most common mosquito-borne virus in the region. However, we have

    additional viruses transmitted by mosquitoes, such as Eastern Equine Encephalitis (EEE) virus, Jamestown Canyon virus, and Cache Valley virus, that luckily are less common. Sometimes Connecticut has imported cases of additional mosquito-borne diseases, such as dengue fever and Zika virus disease. These are acquired when people travel to areas where the virus is circulating, get bitten by an infected mosquito, and then travel back to Connecticut. If you are traveling outside the country in areas like the Caribbean and Central or South America, you should also be aware of chikungunya virus, yellow fever virus, and Oropouche virus, to name a few.

    Why are these diseases appearing more frequently in the state?

    Cases are linked to the proliferation of mosquitoes, which is driven by several factors including precipitation and temperature patterns, as well as alterations in these patterns. Climatic changes seem to also be impacting the distribution of these diseases, especially because warmer temperatures can promote a wider geographical range of disease-transmitting mosquitoes.

    West Nile virus has been in Connecticut since 1999, when it was introduced in New York City, so it is relatively new. On the other hand, evidence of EEE in Massachusetts dates back almost 200 years, and thus it is considered a local disease. West Nile cases in people are not uncommon during every mosquito season, but EEE seems to be impactful only every few years, such as in 2019 when a larger outbreak last occurred.

    West Nile and EEE viruses are actually maintained in nature in reservoir hosts, typically birds, and therefore these are considered zoonotic diseases. This means that the interplay amongst people, animals, plants, and the environment is a major factor determining the prevalence and transmission of these diseases, in what we call the One Health concept.

    What times of year do we need to be concerned about mosquito-borne diseases?

    We ought to be concerned any time of the year when mosquitoes are up and about. Generally, we think of the hot summer months, but transmission can start in the spring and last well into the fall season. A good example is EEE, as cases typically peak in late summer, but transmission can occur as late as October.

    What are the symptoms of these diseases?

    Diseases like West Nile and EEE are caused by viruses, so flu-like symptoms are typical:  fever, headache, fatigue, and in some instances rashes. Most people may not even feel sick at all, while a few others may end up developing inflammation of the brain (encephalitis) or of the membranes around the brain and the spinal cord (meningitis), leading to severe disease symptoms.

    What should someone do if they are sick?

    First, never assume that you may just have a cold, and pay attention to the severity of your symptoms. Consult a health care provider if symptoms do not improve, particularly if you have high fever and headache. Go immediately to an emergency room if symptoms become severe and you suspect any neurological involvement. The key is to be vigilant and proactive.

    It is noteworthy that horses with EEE are severely affected with up to 95% mortality (about half that rate for West Nile fever), and routine vaccination of horses for both diseases is recommended.

    How dangerous/deadly are these diseases?

    Fortunately, for most of us infections are self-contained. Our immune system can keep the invading viruses in check, and all you may experience are mild flu-like symptoms, if any. But symptoms can be more severe and can worsen very quickly. Pay attention to any rashes or severe symptoms, such as high fever, intense headache, stiffness of the neck, and other neurological problems. Encephalitis and meningitis are dangerous and life-threating complications, so a visit to the emergency room is necessary at the onset of neurological signs.

    What actions are state and local governments taking to help?

    Connecticut’s Department of Public Health (DPH) and Department of Agriculture (DoAg) are monitoring the situation in Connecticut and surrounding states closely. The Connecticut Agricultural Experiment Station (CAES) is doing surveillance of mosquitoes, and the Connecticut Veterinary Medical Diagnostic Laboratory (CVMDL) at UConn is monitoring wild and domestic animals (mammals and birds). In some cases, agencies may decide to curtail outdoor activities in certain areas at dusk, as Connecticut did in 2019 when we had high activity of EEE in Eastern Connecticut CT and neighboring states, and mosquito spraying may be recommended in limited areas by the Connecticut’s Department of Energy and Environmental Protection (DEEP).

    How can Connecticut residents protect themselves and help stop the spread of these diseases?

    By preventing mosquito bites:

    • Avoid outdoor activities during dusk and dawn, when mosquitoes are most active
    • Use approved insect repellents
    • Wear long-sleeved shirts and pants when outside
    • Keep mosquitoes out of your house with the appropriate use of window and door screens.

    One can also treat clothing and gear with permethrin, which will help repel both mosquitoes and ticks. Vaccines against some mosquito-borne illnesses such as dengue, yellow fever, chikungunya, and Japanese encephalitis are available for people traveling to high-risk areas. Visit the Center for Disease Control and Prevention (CDC) Traveler’s Health site for further information.

    This work relates to CAHNR’s Strategic Vision area focused on Enhancing Health and Well-Being Locally, Nationally, and Globally.

    Follow UConn CAHNR on social media

    MIL OSI USA News

  • MIL-OSI USA: U.S. net natural gas exports remain flat in the first half of 2024

    Source: US Energy Information Administration

    In-brief analysis

    September 25, 2024


    In the first six months of 2024, U.S. net natural gas exports (exports minus imports) averaged 12.6 billion cubic feet per day (Bcf/d), 1% (0.1 Bcf/d) more than the same period last year and 2% (0.3 Bcf/d) less than in 2023, according to our Natural Gas Monthly. Since 2019, increases in liquefied natural gas (LNG) exports and exports by pipeline to Mexico have led the growth in U.S. natural gas exports. The United States has exported more natural gas than it imports since 2017.

    The United States trades natural gas by pipeline with Canada and Mexico and as LNG with more than 40 countries. The United States imports more natural gas by pipeline from Canada than it exports, and it exports more natural gas by pipeline to Mexico than it imports. The United States has been a net exporter of LNG since 2016.

    The large buildout of LNG export capacity enabled LNG exports to grow from an annual average of 0.5 Bcf/d in 2016 to 11.9 Bcf/d in 2023. Currently, the United States has seven LNG export terminals in operation and five terminals under construction. In 2023, the United States was the world’s largest LNG exporter. By the end of this year, we expect two new LNG export facilities—Plaquemines LNG and Corpus Christi LNG Stage 3 (an expansion of the existing Corpus Christi LNG export terminal)—to start LNG exports.

    Data source: U.S. Energy Information Administration, Natural Gas Monthly
    Note: Includes waterborne liquefied natural gas (LNG) exports by vessel (excludes exports by truck and ISO container). Other includes LNG imports into Northeast Gateway and Cove Point.

    U.S. natural gas pipeline imports from Canada play an important role in balancing the U.S. natural gas market, particularly in the winter. Most natural gas imported by pipeline from Canada arrives in the Western and Midcontinent regions of the United States. In 2023, net U.S. pipeline imports from Canada averaged 5.2 Bcf/d, of which 83% was imported into the western United States. In the first six months of 2024, net U.S. pipeline imports from Canada averaged 5.4 Bcf/d, an increase of 11% (0.5 Bcf/d) compared with the same period in 2023, mainly because of increased imports into the Midcontinent region.

    Since the end of natural gas production in eastern Canada (offshore Nova Scotia) and growth in production in the U.S. Appalachia region, U.S. exports of natural gas by pipeline into eastern Canada exceeded imports from eastern Canada, making the eastern United States a net exporter of natural gas by pipeline to eastern Canada for several years since 2017.

    Data source: U.S. Energy Information Administration, Natural Gas Monthly, U.S. natural gas pipeline exports and imports by point of exit and entry
    Note: Net pipeline imports=imports minus exports. Positive sign denotes net imports. Negative sign denotes net exports. U.S. aggregations by region include the following states: Western (Idaho, Montana, and Washington), Midcontinent (Michigan, Minnesota, and North Dakota), and Eastern (Maine, New Hampshire, New York, and Vermont).

    U.S. net pipeline exports to Mexico averaged 6.3 Bcf/d in the first six months of 2024, 7% (0.4 Bcf/d) more than over the same period last year and 2% more (0.1 Bcf/d) than the 2023 annual average. U.S.-Mexico cross-border pipeline capacity is set to expand as two new natural gas pipeline projects with a total capacity of 5.3 Bcf/d have received regulatory approvals. These projects are primarily targeting LNG export capacity being developed in Mexico that will be supplied with natural gas sourced from the United States.

    Data source: U.S. Energy Information Administration, Natural Gas Monthly, U.S. natural gas pipeline exports and imports by point of exit and entry
    Note: Net pipeline exports are calculated as imports minus exports. Negative sign denotes net exports.

    Principal contributors: Victoria Zaretskaya, Katy Fleury

    MIL OSI USA News

  • MIL-OSI Africa: TNPA invites service providers for Liquefied Natural Gas at Ngqura

    Source: South Africa News Agency

    The Transnet National Ports Authority (TNPA), in collaboration with Infrastructure South Africa (ISA) and the Industrial Development Corporation (IDC), has approached the market for an Environmental Impact Assessment (EIA).

    This is to encourage interested parties to submit proposals for the envisaged Liquefied Natural Gas (LNG) terminal at the Port of Ngqura.

    READ | Port investments to contribute towards SA economy

    The Request For Proposals (RFP) process will see the appointment of a service provider contracted to assess the environmental compliance and sustainability of the proposed LNG terminal. 

    This involves conducting a detailed analysis of ecological and local regulations to determine critical environmental authorisations. These include a seismic survey, marine ecology, climate change impact assessment and socio-economic assessment to support the project.

    The EIA process is carried out in tandem with negotiations of the Terminal Operator Agreement (TOA) between TNPA and the Strategic Fuel Fund (SFF) to build and operate an onshore LNG regasification facility at the Port of Ngqura for 30 years. 

    The appointment of SFF is the outcome of a Section 79 process and directive issued by the former Minister of Transport, in accordance with the National Ports Act of 2005.

    “This milestone is a critical step towards the development of the LNG terminal at the Port of Ngqura. Through its commercial seaports, TNPA is at the forefront of enabling the gas-to-power project pipeline whilst ensuring the security of supply and unlocking global opportunities for sustainable impact,” said Acting TNPA Chief Executive, Phyllis Difeto.

    The Port of Ngqura LNG Terminal is one of 12 priority infrastructure projects announced in March 2024 that hold a Strategic Integrated Project (SIP) status. 

    The triad strategic partnership is fast-tracking the conclusion of the EAI, with the RFP closing on 30 October 2024. This partnership will also see the issuing of the RFP for Prefeasibility Studies by end September 2024.

    “ISA is established to provide strategic, technical and financial advisory support to project sponsors for the planning, preparation, development and implementation of national pipeline projects and strategic integrated projects,” said Mameetse Masemola, the Acting Head of Infrastructure South Africa. 

    “This project is one of the flagship projects which we are proud to support and excited that progress is moving at a good pace,” he said.

    Tender documents can be accessed on: https://www.idc.co.za/tenders/ and https://www.etenders.gov.za/SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI United Nations: Implementing Critical Energy Transition Minerals Principles through UNFC and UNRMS

    Source: United Nations Economic Commission for Europe

    The Principles and Actionable Recommendations for Critical Energy Transition Minerals (CETM) developed by the UN Secretary-General’s Panel set a clear mandate for a global transformation in resource governance.

    As Clovis Freire, Chief, Commodity Research and Analysis Section, at UNCTAD, emphasized during the UNECE Regional Dialogue on Critical Minerals and Just Energy Transition held during the UNECE Sustainable Energy Week 2024 “The CETMs Principles and Actionable Recommendations go beyond mining, covering the full value chain, with the focus on building and reinstating trust between stakeholders, while keeping human rights and environmental protection at the forefront while protecting the environment.” This call to action directs us towards global, equitable, and sustainable resource governance, which can be supported with tools such as the United Nations Framework Classification for Resource (UNFC), the United Nations Resource Management System (UNRMS), and implementing partners such as the International Centres of Excellence on Sustainable Resource Management (ICE-SRMs) playing key roles. These frameworks, already adopted in regions like the EU and Africa, and recommended for Asia-Pacific, align resource management with global sustainability and social equity. 

    Equitable Resource Development 

    The CETM Principles and Actionable Recommendations highlight the need for resource governance to move beyond economic gain. Instead, it must ensure sustainable, transparent, and responsible resource use. This shift requires governance models that integrate social, environmental, and ethical dimensions alongside technical and economic factors. 

    UNFC, UNRMS, and ICE-SRMs are well-positioned to lead this global transformation, supporting a comprehensive framework that aligns with the Sustainable Development Goals (SDGs). These governance tools aim to ensure that resource management benefits all, now and in the future, leaving no one behind. 

    UNFC and UNRMS

    UNFC provides a systematic approach for classifying resource-projects, such as the extraction or recovery of critical minerals, based on environmental, social, and economic factors. It lays the foundation for better resource understanding and decision-making. It is also directly linked to CETM Principle 6, which emphasizes that transparency, accountability, and anti-corruption measures are necessary to ensure good governance. Building on this foundation, UNRMS integrates human rights, environmental safeguards, and social justice into resource governance, ensuring alignment with global sustainability goals. 

    However, as challenges like climate change, inequality, and resource depletion intensify, classification and management alone are insufficient. The next step—global resource governance—integrates ethical, social, environmental, and economic dimensions ensuring that resources are governed in ways that promote long-term sustainability and social equity. 

    As Karen Hanghøj, Director of the British Geological Survey and Chair of the UNECE Expert Group on Resource Management, noted: “Governance is essential for our resource future. While classification gives us knowledge, management assures operational efficiency, it is governance that ensures we act responsibly balancing today’s needs with the planet’s long-term survival and prosperity.” 

    The Role of International Centres of Excellence

    ICE-SRMs play a vital role in scaling and operationalizing UNECE’s governance frameworks. These Centres provide technical expertise and regional knowledge, ensuring that UNFC and UNRMS are adopted globally and tailored to local contexts. By fostering collaboration between governments, industries, and civil society, ICE-SRMs promote best practices in resource governance and ensures sustainability, transparency, and fairness in resource use. The ICE-SRMs initiative aligns with and supports implementation of CETM Principle 7, including the recommendation for a High-Level Expert Advisory Group to accelerate benefit-sharing, value addition, and economic diversification in critical minerals value chains as responsible and fair trade, investment, finance, and taxation. 

    Harmonizing Global Resource Governance 

    The UNECE Regional Dialogue underscored a key realization: global resource governance offers the potential to mitigate traditional trade-offs between economic growth, environmental sustainability, and social equity. Historically, resource management has required balancing these priorities—growth versus sustainability or security of supply versus equitable benefit-sharing. Through application of UNFC and UNRMS, these priorities can be harmonized, creating a governance model in which: 

    Aligning Global Efforts: UNECE, the UN Principles, and International Cooperation 

    UNECE’s efforts toward global sustainable resource governance align with other major international frameworks, including the UN Secretary-General’s Panel on CETM Principles and Actionable Recommendations and the EU Critical Raw Materials Act. Both initiatives emphasize transparency, human rights, and sustainability—core tenets of UNECE’s governance frameworks. 

    The EU CRM Act mandates the use of UNFC to promote global cooperation, circularity and resource efficiency strengthening global efforts to achieve a just and sustainable energy transition. 

    The UNECE Regional Dialogue held during the UNECE Sustainable Energy Week 2024 marks a step in the global shift toward sustainable resource governance. With UNFC, UNRMS, and the operational support of the ICE-SRMs, UNECE leading this charge. The goal is clear: to ensure that resources are managed responsibly and equitably, benefiting both present and future generations. 

    To access the report, the list of panel members, and more, please visit: www.un.org/en/climatechange/critical-minerals.   

    For more detailed information on the Secretary-General’s Panel Report and Actionable Recommendations, please visit the official UN Press Release on Critical Energy Transition Minerals. 

    MIL OSI United Nations News

  • MIL-OSI Translation: Chêne-Bourg: densification of a building zone on the banks of the Seymaz

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: Switzerland – Canton Government of Geneva in French

    The Council of State responded to a consultation of the Federal Department of the Environment, Transport, Energy and Communications (DETEC) on the partial revision of the ordinances on road signs (OSR) and regulating admission to road traffic (OAC).

    The revision of the OSR concerns in particular the integration of concrete technical standards developed by private law organisations into federal law in order to make them legally binding. It is accompanied by two new ordinances: one on the indication of direction at junctions and interchanges on motorways and semi-motorways, the other on special markings. It also implements the Motion 17.3952 Bühler “Allow bilingual signage on motorways”. In addition, it allows for the imposition of a fine on motorways and semi-motorways, not only for unauthorized overtaking on the right by pulling out and then merging, but also for unauthorized overtaking on the right.

    The Geneva government generally approves the proposed changes. However, it is asking that certain characteristics of construction site and hiking signage be coordinated with the new version of the OSR and that it be adapted in order to harmonize the use of paint on cycle paths or lanes to improve cyclist safety.

    Regarding the revision of the OAC, the Council of State expresses certain reservations, in particular concerning the traffic theory course (CTC). It opposes the obligation to follow this course before the basic theoretical examination, considering that the CTC takes on its full meaning when the student is directly confronted with the reality of the road.

    For further media information: Mr. Santiago Achi, Technical Manager, Arve-Lac Regional Directorate, OCT, DSM, T. 022 546 78 94.

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI Translation: Weekly press release from the Council of State of September 25, 2024

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: Switzerland – Canton Government of Geneva in French

    The Council of State responded to a consultation of the Federal Department of the Environment, Transport, Energy and Communications (DETEC) on the partial revision of the ordinances on road signs (OSR) and regulating admission to road traffic (OAC).

    The revision of the OSR concerns in particular the integration of concrete technical standards developed by private law organisations into federal law in order to make them legally binding. It is accompanied by two new ordinances: one on the indication of direction at junctions and interchanges on motorways and semi-motorways, the other on special markings. It also implements the Motion 17.3952 Bühler “Allow bilingual signage on motorways”. In addition, it allows for the imposition of a fine on motorways and semi-motorways, not only for unauthorized overtaking on the right by pulling out and then merging, but also for unauthorized overtaking on the right.

    The Geneva government generally approves the proposed changes. However, it is asking that certain characteristics of construction site and hiking signage be coordinated with the new version of the OSR and that it be adapted in order to harmonize the use of paint on cycle paths or lanes to improve cyclist safety.

    Regarding the revision of the OAC, the Council of State expresses certain reservations, in particular concerning the traffic theory course (CTC). It opposes the obligation to follow this course before the basic theoretical examination, considering that the CTC takes on its full meaning when the student is directly confronted with the reality of the road.

    For further media information: Mr. Santiago Achi, Technical Manager, Arve-Lac Regional Directorate, OCT, DSM, T. 022 546 78 94.

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI Translation: Signalling and admission to road traffic: support with reservations for the modification of the ordinances

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: Switzerland – Canton Government of Geneva in French

    The Council of State responded to a consultation of the Federal Department of the Environment, Transport, Energy and Communications (DETEC) on the partial revision of the ordinances on road signs (OSR) and regulating admission to road traffic (OAC).

    The revision of the OSR concerns in particular the integration of concrete technical standards developed by private law organisations into federal law in order to make them legally binding. It is accompanied by two new ordinances: one on the indication of direction at junctions and interchanges on motorways and semi-motorways, the other on special markings. It also implements the Motion 17.3952 Bühler “Allow bilingual signage on motorways”. In addition, it allows for the imposition of a fine on motorways and semi-motorways, not only for unauthorized overtaking on the right by pulling out and then merging, but also for unauthorized overtaking on the right.

    The Geneva government generally approves the proposed changes. However, it is requesting that certain characteristics of construction site and hiking signage be coordinated with the new version of the OSR and that it be adapted in order to harmonize the use of paint on cycle paths or lanes to improve cyclist safety.

    Regarding the revision of the OAC, the Council of State expresses certain reservations, in particular concerning the traffic theory course (CTC). It opposes the obligation to follow this course before the basic theoretical examination, considering that the CTC takes on its full meaning when the student is directly confronted with the reality of the road.

    For further media information: Mr. Santiago Achi, Technical Manager, Arve-Lac Regional Directorate, OCT, DSM, T. 022 546 78 94.

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI Translation: Third allocation 2024 of the cantonal share of the profits of the Loterie romande

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: Switzerland – Canton Government of Geneva in French

    The Council of State responded to a consultation of the Federal Department of the Environment, Transport, Energy and Communications (DETEC) on the partial revision of the ordinances on road signs (OSR) and regulating admission to road traffic (OAC).

    The revision of the OSR concerns in particular the integration of concrete technical standards developed by private law organisations into federal law in order to make them legally binding. It is accompanied by two new ordinances: one on the indication of direction at junctions and interchanges on motorways and semi-motorways, the other on special markings. It also implements the Motion 17.3952 Bühler “Allow bilingual signage on motorways”. In addition, it allows for the imposition of a fine on motorways and semi-motorways, not only for unauthorized overtaking on the right by pulling out and then merging, but also for unauthorized overtaking on the right.

    The Geneva government generally approves the proposed changes. However, it is asking that certain characteristics of construction site and hiking signage be coordinated with the new version of the OSR and that it be adapted in order to harmonize the use of paint on cycle paths or lanes to improve cyclist safety.

    Regarding the revision of the OAC, the Council of State expresses certain reservations, in particular concerning the traffic theory course (CTC). It opposes the obligation to follow this course before the basic theoretical examination, considering that the CTC takes on its full meaning when the student is directly confronted with the reality of the road.

    For further media information: Mr. Santiago Achi, Technical Manager, Arve-Lac Regional Directorate, OCT, DSM, T. 022 546 78 94.

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI: Arq Publishes its First-Ever ESG Report

    Source: GlobeNewswire (MIL-OSI)

    GREENWOOD VILLAGE, Colo., Sept. 25, 2024 (GLOBE NEWSWIRE) — Arq, Inc. (NASDAQ: ARQ) (the “Company” or “Arq”), a producer of activated carbon and other environmentally efficient carbon products, today announced the publication of its inaugural Environmental, Social, and Governance (ESG) Report. This report builds upon the Company’s previously published 2023 ESG Overview Tear Sheet and provides a comprehensive assessment of Arq’s ongoing efforts to drive positive environmental impact, employee well-being, and responsible governance.

    “The release of our 2023 ESG Report further illustrates our unwavering commitment to the environmental technology sector and reflects where we are and the strides we’ve made in addressing key environmental and social challenges,” said Bob Rasmus, CEO of Arq. “As we look ahead, we remain committed to refining our ESG practices, improving operational efficiencies, and enhancing the experience we offer our employees and stakeholders.”

    Key Highlights from the report include:

    Environmental Impact:

    • Arq has developed a proprietary process to reclaim, purify, and recycle waste coal fines, ensuring sustainability from sourcing to product impact.
    • Arq’s products are designed to enhance access to high-quality water. We prioritize water efficiency and recycling at our manufacturing facilities, continually striving to improve our resource management.
    • Energy efficiency is central to our operations. Arq’s manufacturing process maximizes energy reuse, with our Red River facility consistently exporting more electricity than it consumes.

    Social Responsibility:

    • “Safety is never compromised” remains a core value at Arq, upheld across all levels—from frontline operators to lab technicians, customer relations, and C-Suite leaders.
    • We believe that our success depends on our people. By fostering a culture of inclusivity, respect, and affirmation, we unite our workforce and encourage collective achievement.
    • Engagement is vital to our sustainability. Our team-building activities connect employees while also fostering community service across our sites.

    Governance:

    • We are committed to the highest standards of corporate governance, ensuring integrity in all aspects of our business while driving Arq’s growth, sustainability, and performance.
    • Our ESG program is run by multi-functional team composed of dedicated individuals, overseen by a dedicated team, led by an executive officer and monitored by the Nominating and Governance Committee to ensure best practices, data accuracy, and continuous improvement.
    • Arq holds itself accountable to a broad range of stakeholders, including customers, suppliers, employees, and investors, operating with honesty, fairness, and integrity at every level.

    The full 2023 ESG Report is available for download at Arq’s Sustainability Page.

    This report comes on the heels of the Company’s 2023 ESG Overview Tear Sheet, reinforcing Arq’s mission to drive environmental innovation through responsible corporate governance, ethical business practices, and a strong commitment to stakeholders.

    About Arq

    Arq (NASDAQ: ARQ) is a diversified, environmental technology company with products that enable a cleaner and safer planet while actively reducing our environmental impact. As the only vertically integrated producer of activated carbon products in North America, we deliver a reliable domestic supply of innovative, hard-to-source, high-demand products. We apply our extensive expertise to develop groundbreaking solutions to remove harmful chemicals and pollutants from water, land and air. Learn more at: www.arq.com.

    Investor Contact:
    Anthony Nathan, Arq
    Marc Silverberg, ICR
    investors@arq.com

    The MIL Network

  • MIL-OSI Translation: Yes to strengthening higher vocational training, but not to the detriment of other sectors

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: Switzerland – Canton Government of Geneva in French

    The Council of State responded to a consultation of the Federal Department of the Environment, Transport, Energy and Communications (DETEC) on the partial revision of the ordinances on road signs (OSR) and regulating admission to road traffic (OAC).

    The revision of the OSR concerns in particular the integration of concrete technical standards developed by private law organisations into federal law in order to make them legally binding. It is accompanied by two new ordinances: one on the indication of direction at junctions and interchanges on motorways and semi-motorways, the other on special markings. It also implements the Motion 17.3952 Bühler “Allow bilingual signage on motorways”. In addition, it allows for the imposition of a fine on motorways and semi-motorways, not only for unauthorized overtaking on the right by pulling out and then merging, but also for unauthorized overtaking on the right.

    The Geneva government generally approves the proposed changes. However, it is asking that certain characteristics of construction site and hiking signage be coordinated with the new version of the OSR and that it be adapted in order to harmonize the use of paint on cycle paths or lanes to improve cyclist safety.

    Regarding the revision of the OAC, the Council of State expresses certain reservations, in particular concerning the traffic theory course (CTC). It opposes the obligation to follow this course before the basic theoretical examination, considering that the CTC takes on its full meaning when the student is directly confronted with the reality of the road.

    For further media information: Mr. Santiago Achi, Technical Manager, Arve-Lac Regional Directorate, OCT, DSM, T. 022 546 78 94.

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI: NEWTON GOLF Introduces New Gravity Putter Line, Building on Momentum from Recent Rebranding

    Source: GlobeNewswire (MIL-OSI)

    Gravity, the putter division of parent company NEWTON GOLF, introduces five putters in its new premium series

    CAMARILLO, CA, Sept. 25, 2024 (GLOBE NEWSWIRE) — NEWTON GOLF, (Nasdaq: SPGC) (“NEWTON GOLF” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, builds on its recent rebranding with the launch of three new putter models and two redesigned classics in its newly formed Gravity Premium Series (“Gravity”) of putters.

    Formerly known as Sacks Parente Golf putters, the putter line has been redesigned and rebranded as Gravity under the NEWTON GOLF umbrella, ushering in a new era with a fresh, modern aesthetic. Featuring striking red and black colors and a premium ceramic coating finish previously reserved for Tour-level putters, these models embody NEWTON GOLF’s core design principles, including the brand’s signature patented Ultra’Low Balance Point (ULBP) and Center of Gravity (CG) technology.

    The new lineup includes three new models: The Classic, the DEUCE, and the DUKE. Additionally, the DRAC and the PRISM are two models from the previous Sacks Parente brand that have been redesigned and have the new Gravity logo and colorways. The Company is also introducing a new putter shaft, Newton Tempo, which is an improved design to provide better feel and balance with the newly designed heads.

    At the core of NEWTON GOLF’s Gravity putter design is the belief that gravity truly matters.

    Technology and Innovation: Gravity and Tempo

    All of the Gravity Premium Series putters are equipped with advanced features, such as Ultra Low Balance Point and optimized Center of Gravity. This ensures that golfers experience improved tempo by placing the weight of the putter predominantly in the head, with very light grips and carbon fiber shafts.The center of gravity is designed to be as low and close to the ball as possible. This promotes a smooth, repeatable tempo, minimizes side spin, and ensures the ball stays on the intended line for a truer, consisent roll.

    PGA Tour Champions player Ken Duke has already adopted a Gravity putter in his bag, saying, “The putters are beautiful and have amazing feel and sound. I fell in love with them instantly. Finally, the consumers will get to experience a true Tour-only quality product without paying thousands of dollars.”

    Forgiveness and Sweet Spot

    Each Gravity Premium Series putter is engineered for maximum Moment of Inertia (MOI). This increases the stability of the face, effectively widening the sweet spot to ensure off-center strikes are met with forgiveness and consistency.

    The Gravity Premium Series Putters:

    • The Classic – The Classic, Gravity’s new traditional anser-style putter in the Premium Series, is optimized for modern stroke types with a shallower arc. It features a newly designed hosel for enhanced performance and feel. The Classic is made with 1018 carbon steel material for the best ball feel with Tour Only quality ceramic coating finish. MSRP: $450
    • The DEUCE – The new DEUCE is a double-wide anser putter that is easy to aim with a blade-like look. Available in 1018 carbon steel body, the DEUCE is designed to fit all stroke types with two hosel locations. MSRP: $450
    • The DUKE – The new DUKE putter takes its inspiration from PGA TOUR Champions player Ken Duke. Made with a 1018 carbon steel body with tungsten weighting, the DUKE is a modern interpretation of a classic-style putter that has a shorter blade length with a half mallet back: MSRP: $450
    • The PRISM – Gravity’s redesigned PRISM mallet putter naturally improves the putting stroke and tightens the dispersion of putts. Engineered to deliver the right MOI and unmatched stability, the PRISM optimizes the stroke and provides the best roll in golf. It is made of 6061 aluminum and 50 grams of tungsten. The mallet head has been reshaped to improve stability and move CG more forward. MSRP: $450
    • The DRAC – The redesigned DRAC is the modernization of a fang-style putter. It is Gravity’s highest MOI putter that is made of 6061 aluminum and 100 grams of tungsten. It has been redesigned with the Gravity logo and colorways. MSRP: $450

    “We named the new putter division ‘Gravity’ because it perfectly encapsulates this fundamental design principle that enhances the natural tempo and precision of every putt,” said NEWTON GOLF’s Executive Chairman Greg Campbell. “When the golfer lifts the putter on the backstroke, potential energy is stored, and, by trusting gravity to accelerate the putter head during the stroke, golfers can achieve consistent velocity at impact – which is proportional to the length of the backstroke.”

    All Gravity putters are available for preorder on October 1, 2024 at https://newtongolfco.com.
    Images of the Gravity putters can be found here.

    About NEWTON GOLF: A Sacks Parente Company

    NEWTON GOLF: A Sacks Parente Company, is a technology-forward golf company that help golfers elevate their game. With a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, the Company’s innovative accomplishments include: the First Vernier Acuity putter, patented Ultra-Low Balance Point (ULBP) putter technology, weight-forward Center-of-Gravity (CG) design, and pioneering ultra-light carbon fiber putter shafts.

    In consideration of its growth opportunities in golf shaft technologies, the Company expanded its manufacturing business in April of 2022 to develop the advanced Newton brand of premium golf shafts by opening a new shaft manufacturing facility in St. Joseph, MO. It is the Company’s intent to manufacture and assemble substantially all products in the United States, while also expanding into golf apparel and other golf-related product lines to enhance its growth.

    The Company’s future expansions may include broadening its offerings through mergers, acquisitions or internal developments of product lines that are complementary to its premium brand. The Company currently sells its products through resellers, the Company’s websites, Club Champion retail stores, and distributors in the United States, Japan, and South Korea. For more information, please visit the Company’s website at www.newtongolfco.com or on social media at @newtongolfco.com, @newtonshafts, or @gravityputters.

    Media Contact for NEWTON GOLF

    Beth Gast
    BG Public Relations
    beth.gast@bgpublicrelations.com

    Investor Contact for NEWTON GOLF
    CORE IR
    516-222-2560
    investors@sacksparente.com

    The MIL Network

  • MIL-OSI USA: FACT SHEET: During Climate Week, Biden-⁠ Harris Administration Announces Continued Progress on the American Climate  Corps

    US Senate News:

    Source: The White House
    American Climate Corps Has Already Put 15,000 Young Americans to Work as Part of Its Inaugural Cohort
    Environmental Protection Agency and AmeriCorps Announce a New Environmental Justice Climate Corps; the Department of Housing and Urban Development Joins the Interagency American Climate Corps Initiative
    Since taking office, President Biden has delivered on the most ambitious climate, clean energy, conservation, and environmental justice agenda in history – signing into law the largest investment in climate action ever, protecting more than 42 million acres of public lands and waters, creating good-paying clean energy jobs, and establishing the Justice40 Initiative, which sets the goal that 40 percent of the overall benefits from certain federal investments flow to disadvantaged communities that are marginalized by underinvestment and overburdened by pollution.
    As part of his historic commitment to tackle the climate crisis, President Biden launched the American Climate Corps (ACC) to mobilize the next generation of clean energy, conservation, and climate resilience workers, with a goal to put 20,000 young people to work in the clean energy and climate resilience economy in the initiative’s first year. Today, in celebration of Climate Week, the White House is announcing that more than 15,000 young Americans have been put to work in high-quality, good-paying clean energy and climate resilience workforce training and service opportunities through the American Climate Corps – putting the program on track to reach President Biden’s goal of 20,000 members in the program’s first year ahead of schedule.
    Across the country, American Climate Corps members are working on projects to tackle the climate crisis, including restoring coastal ecosystems, strengthening urban and rural agriculture, investing in clean energy and energy efficiency, improving disaster and wildfire preparedness, and more. The American Climate Corps is giving a diverse new generation of young people the tools to fight the impacts of climate change today and the skills to join the clean energy and climate-resilience workforce of tomorrow.
    Today, the Biden-Harris Administration is making several additional announcements:
    The Environmental Protection Agency (EPA) and AmeriCorps are Announcing a New Environmental Justice Climate Corps, which will put more than 250 American Climate Corps members to work over the next three years providing technical assistance to community-based organizations in environmental justice communities – helping them access resources to carry out locally driven projects that reduce pollution, increase community climate resilience, improve public health and safety, and build community capacity to address environmental and climate justice challenges. Environmental Justice Climate Corps members will be paid a living allowance and reimbursed for selected living expenses. In total, this allowance is equivalent to receiving more than $25 per hour throughout their year of service. They will also obtain the benefits of AmeriCorps VISTA service—including the Segal AmeriCorps Education Award, which is valued at $7,395 in FY24, and streamlined pathways into certain federal jobs—and gain mentorship and professional development opportunities. Applications for the Environmental Justice Climate Corps will open in early 2025, with a goal for its first cohort to start later that year.The partnership with EPA is AmeriCorps’ largest environmental partnership in the agency’s history and will build on the success of three other partnerships announced under the American Climate Corps: AmeriCorps NCCC Forest Corps, Working Lands Climate Corps and Energy Communities AmeriCorps, which together will support more than 500 new ACC positions over the coming years.
    The Department of Housing and Urban Development (HUD) is Joining the ACC Interagency Initiative. Joining the seven initial signatories of the December 2023 ACC Memorandum of Understanding, today HUD will become the eighth federal agency member of the ACC Interagency Initiative. This step brings the ACC to the communities HUD serves, building upon the Department’s commitment to using low- and zero-carbon energy and supporting communities to increase their resilience, advance environmental justice, and create good jobs for residents.
    The American Climate Corps is Fostering Federal-State Partnerships by establishing a partnership with state service commissions, which support national service in states across the country, to grow the number of state climate corps and strengthen existing state climate corps programs. Together, the American Climate Corps, state-level climate corps programs, and state national service leadership are committed to strengthening state climate corps, supporting impactful program implementation, and leveraging state and local partnerships to scale climate corps efforts across the country. To date, 14 states have launched their own state-based climate corps programs, including New Jersey who just today announced the creation of the New Jersey Climate Corps. 
    American Climate Corps Will Host a Virtual Job Fair. The American Climate Corps is working to ensure that its members have a pathway to good-paying jobs following their terms of service, which is why later this year, ACC will host a virtual job fair for current and past members to learn about high-quality career opportunities in the clean energy and climate resilience economy. The virtual job fair will bring together the private sector, labor unions, and the public sector, including Federal agencies, to showcase career pathways available to ACC members.
    Today’s announcements build on a year of successful program implementation, including:
    Launch of the American Climate Corps Tour. This fall, to showcase ACC members’ important work across the nation, the American Climate Corps and senior Biden-Harris Administration officials is embarking on a national tour and visiting ten locations to highlight ACC members’ impact in communities across the country.The tour is making stops at a range of ACC project sites and featuring remarks by representatives of the Biden-Harris Administration and other Federal, state, and local elected officials. Visits include ACC member swearing-in ceremonies, service projects, and roundtables with ACC members.
    Creation of the American Climate Corps Storytellers Project. Inspired by the Works Progress Administration’s Federal Art Project, the ACC launched the Storytellers Project, engaging artists and storytellers to capture the impact of President Biden’s American Climate Corps.The ACC Storytellers Project solicited applications from artists across the country. Ten accomplished storytellers were selected to document the impact of the American Climate Corps in communities across the country through photographs, videos, and other visual art mediums. 

    MIL OSI USA News

  • MIL-OSI Africa: Nersa publishes Eskom’s revenue application for the next three financial years

    Source: South Africa News Agency

    The National Energy Regulator of South Africa (Nersa) on Monday published Eskom’s multi-year price determination (MYPD) revenue application up until 2028. 

    According to Eskom, the application covers the power utility’s financial period beginning on 1 April 2025 to 31 March 2028. 

    Eskom explained that it follows the MYPD methodology as prescribed by the regulatory authority.

    “This methodology is now in its sixth application; hence the process is referred to as MYPD 6,” the statement read. 

    Nersa will decide on the revenue Eskom can receive following its analysis and the regulator conducting a series of public consultations. 

    Eskom believes that this application allows for an improvement in the financial sustainability of Eskom through the migration to cost-reflective prices and the successful operation of Generation, Transmission and Distribution in Eskom. 

    “Further migration towards cost reflectivity to cover the full cost of capital would be considered in subsequent applications. This would minimise the impact on the taxpayers.”

    In accordance with its revenue decision, Eskom said Nersa will then make tariff decisions for implementation from 1 April 2025. 

    As per Eskom, it can only implement tariff decisions made by Nersa.

    “We are entering the next phase of the regulatory process where Nersa will conduct an extensive public consultation about Eskom’s revenue application and we urge as many stakeholders as possible to become involved so Nersa can determine a key component in the funding of a constant electricity supply that drives economic growth and our quality of life for years to come,” said Chief Financial Officer of Eskom, Calib Cassim. 

    Cassim stated that as Nersa makes its decision, it will consider affordability for identified vulnerable sectors including indigent customers and certain industrial sectors. 

    “Eskom has made its revenue application based on the costs it will incur to efficiently provide electricity to the customer and it is a critical component in ensuring Eskom continues to provide reliable electricity services while improving its financial sustainability, through a migration to cost-reflective prices,” he added. 

    The utility said it was applying for total revenues of R446 billion for the 2026 financial year, R495 billion for 2027 and R537 billion for 2028.

    This translates to the proposed average price increases for Eskom direct customers are 36.15% (1 April 2025 to 31 March 2026), 11.81% (1 April 2026 to 31 March 2027) and 9.10% (1 April 2027 to 31 March 2028).

    In addition to the MYPD 6 application, Eskom submitted a retail tariff plan (RTP) to Nersa outlining proposed structural changes, which are expected to be implemented from 1 April 2025 once all Nersa approval and governance processes are concluded.

    “The RTP aims to introduce cost-representative pricing that supports the long-term sustainability of all participants in the electricity supply industry.” 

    Nersa will consult with stakeholders on Eskom’s revenue application, as part of its decision-making process. 

    Eskom is required to submit to the regulator the revenue it requires for Nersa to make its determination. – SAnews.gov.za
     

    MIL OSI Africa

  • MIL-OSI Asia-Pac: SITI continues visit to Wuhan (with photos)

    Source: Hong Kong Government special administrative region

    SITI continues visit to Wuhan (with photos)
    SITI continues visit to Wuhan (with photos)
    *******************************************

         The Secretary for Innovation, Technology and Industry, Professor Sun Dong, continued his visit in Wuhan, Hubei Province today (September 25).     In the morning, Professor Sun attended the 2024 China Automotive Supply Chain Conference and the Third China Intelligent Networked New Energy Vehicle Ecological Conference organised by the China Association of Automobile Manufacturers and Dongfeng Motor Corporation, as well as the launching ceremony of the International Automotive and Supply Chain (Hong Kong) Summit and the 2025 International Automotive and Supply Chain Expo (Hong Kong).     Speaking at the Conference, Professor Sun said that the automobile industry has entered the new energy era, making it an emerging industry under new industrialisation. In the Hong Kong Innovation and Technology Development Blueprint, new energy vehicle is also one of the significant industries advocated for development under new industrialisation.     He added that the Hong Kong Special Administrative Region (HKSAR) Government and the Ministry of Industry and Information Technology signed the Co-operation Agreement on the Development of New Quality Productive Forces and the Promotion of New Industrialisation last week. Those areas jointly promoted by the two sides are intertwined with the supply chain of new energy vehicle industry. Over the past two years or so, the HKSAR Government attracted over 100 strategic innovation and technology (I&T) enterprises to set up their businesses in Hong Kong, including BeyonCa, a joint enterprise established earlier in Hong Kong by today’s event co-organiser Dongfeng Motor Corporation and France’s Renault Group. He is confident that Hong Kong can make new contributions to the innovative development of the national supply chain of new energy vehicle industry, thereby augmenting the new advantages of Chinese vehicle brands.     Professor Sun then visited Dongfeng Motor Corporation and learned about the corporation’s latest development, product planning and corporate culture. He had in-depth exchanges with the Chairman of the corporation, Mr Yang Qing, on the corporation’s development of new quality productive forces in the future and potential co-operation opportunities between the two parties in aspects such as new industrialisation, with the aim of making good use of Hong Kong’s roles as a “super connector” and “super value-adder” and the unique function as a dual lane to assist Mainland enterprises to go global and expand overseas markets. He particularly hoped that both sides’ collaboration on the project of BeyonCa setting up in Hong Kong will serve as a demonstration of co-operation with each other.     Professor Sun also visited the corporation’s Mengshi Tech Intelligent Park to tour the assembly final workshop, and experience the functionality and performance of the latest domestic high-end off-road electric vehicles at the off-road experience field. Through on-site visits, exchanges and interactions, as well as dynamic experiences, he learned more about the production process and technology capabilities of Mengshi automobiles. Besides, Professor Sun was briefed in detail on the first model car of BeyonCa and he called for accelerating the plan of setting up assembly production line in Hong Kong.     In the afternoon, Professor Sun visited Wuhan FineMEMS Inc. to gain an understanding of the national high technology enterprise’s technology research and development and products in providing MEMS (Microelectromechanical Systems) sensors, and metallic thick film pressure sensors and system. He also visited the fully automated one piece flow smart production line established by the company.     Professor Sun then proceeded to the Wuhan University to meet and exchange views with leaders and experts from Wuhan University, other local higher education institutions, Hong Kong and Macao Affairs Office of the People’s Government of Hubei Province, Department of Science and Technology of Hubei Province, as well as high-tech enterprises. Professor Sun gave the participants an update on Hong Kong’s overall I&T development. They also exchanged views on strengthening collaboration in scientific researches among higher education institutions between Hubei and Hong Kong, as well as advancing the expansion of business by Hubei I&T enterprises to Hong Kong. Professor Sun expressed his support for deepening co-operation in the I&T aspect among higher education institutions between the two places, noting that the HKSAR Government would provide appropriate support and services to university spin-off start-ups planning to establish their footholds in Hong Kong. He also encouraged start-ups in Hubei Province to leverage on Hong Kong’s edges of internationalisation and a highly market-oriented environment to expand their businesses overseas.     The Commissioner for Industry (Innovation and Technology), Dr Ge Ming, also joined the visit.     Professor Sun concluded his visit and returned to Hong Kong in the evening.

     
    Ends/Wednesday, September 25, 2024Issued at HKT 20:45

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