NewzIntel.com

    • Checkout Page
    • Contact Us
    • Default Redirect Page
    • Frontpage
    • Home-2
    • Home-3
    • Lost Password
    • Member Login
    • Member LogOut
    • Member TOS Page
    • My Account
    • NewzIntel Alert Control-Panel
    • NewzIntel Latest Reports
    • Post Views Counter
    • Privacy Policy
    • Public Individual Page
    • Register
    • Subscription Plan
    • Thank You Page

Category: Farming

  • MIL-OSI USA: Six State Revolving Fund loans awarded for water and sanitary sewer projects

    Source: US State of North Dakota

    The State Revolving Fund (SRF) programs, jointly administered by the North Dakota Department of Environmental Quality and the North Dakota Public Finance Authority, have awarded six loans for water and sanitary sewer projects since August.

    • The Clean Water State Revolving Fund (CWSRF) awarded $350,000 to Drayton, $15 million to Fargo, and $3.3 million to Jamestown. These cities will replace aging water meters to ensure accurate accounting of water use and identify potential leaks.
    • Grand Forks received a $6.9 million CWSRF loan for Phases 2 through 5 of a sanitary sewer collection installation. This project will serve areas currently on septic systems, reducing potential groundwater impacts.
    • Southeast Water Users District received a $5.7 million Drinking Water State Revolving Fund (DWSRF) loan towards the construction of a new water treatment plant, a new ground storage reservoir, and the expansion of the existing wellfield. This project aims to improve water quality for users in Dickey, LaMoure and Logan counties.
    • Mandan received a $5.5 million DWSRF loan towards replacing the Collins Reservoir, ensuring adequate water storage for the community.

    The U.S. Environmental Protection Agency provides part of the SRF programs’ funding, which offers below-market interest rate loans to political subdivisions for financing projects authorized under the Clean Water Act and Safe Drinking Water Act. SRF programs operate nationwide to provide funding to maintain and improve the infrastructure that protects our vital water resources.

    Loans are awarded to projects listed on the project priority list based on project eligibility determined by the Department of Environmental Quality and the Public Finance Authority’s review of repayment ability. The Public Finance Authority is overseen by the North Dakota Industrial Commission, consisting of Governor Doug Burgum as chairman, Attorney General Drew H. Wrigley, and Agriculture Commissioner Doug Goehring. Please contact the Department of Environmental Quality at ndsrf@nd.gov regarding specific detail on any of the projects mentioned above.

    MIL OSI USA News –

    January 25, 2025
  • MIL-OSI: Farmers & Merchants Bancorp, Inc. and F&M Bank Announces Updates to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    Kevin Frey Appointed to Board of Directors

    Dr. K. Brad Stamm to Retire from Board of Directors

    ARCHBOLD, Ohio, Oct. 24, 2024 (GLOBE NEWSWIRE) — F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), announced updates to its Board of Directors. On October 22, 2024, Kevin Frey was appointed to the Board of Directors of both the Company and the Bank. In addition to this new appointment, F&M announced the retirement of Dr. K. Brad Stamm from the Board of Directors.

    “On behalf of F&M’s Board of Directors, I am thrilled to welcome Kevin to our team. With deep roots in our legacy market and a wealth of experience as Vice President of Frey & Sons, he brings invaluable insights that will strengthen our connection to the communities we serve,” said F&M’s Chairman Andrew Briggs. “We look forward to his contributions as we continue to grow while staying true to the values guiding F&M for generations.”

    Frey is the Vice President of Frey & Sons, Inc., a family-owned real estate brokerage and auction company that was incorporated in 1963 and is headquartered in Archbold, Ohio. Frey is the Principal Broker and lead Auctioneer for Frey & Sons. The company specializes in real estate auctions and sales in Northwest Ohio and heavy equipment auctions across the Midwest. Frey also manages a portfolio of multifamily, commercial, and agricultural properties and is a member of the Board of Directors for Yoder & Frey, Inc., a farm and machinery auction yard. Frey received a Bachelor of Arts in accounting from Goshen College and worked as a Certified Public Accountant from 1996-2003. He is a member of the National Association of Realtors, Ohio Association of Realtors, National Auctions Association, and Ohio Auctioneers Association.

    Dr. Stamm joined the Board in November of 2016 and served with distinction throughout his tenure. He is the President and Educational Consultant of Stamm Management Group. A celebration in honor of Dr. Stamm’s contributions was held on October 22, 2024. His final day as a Board member will be October 25, 2024.

    “Brad has been an instrumental part of our Board for nearly eight years, and his dedication and leadership will be greatly missed,” said President and CEO of F&M, Lars Eller. “We wish him all the best and express our deepest gratitude for his service to F&M.”

    About F&M Bank:
    F&M Bank is a local independent community bank that has been serving its communities since 1897. F&M Bank provides commercial banking, retail banking and other financial services. Our locations are in Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood counties in Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties. The Michigan footprint includes Oakland County, and we have Loan Production Offices in West Bloomfield, Michigan; Muncie, Indiana; and Perrysburg and Bryan, Ohio.

    Safe harbor statement
    Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website www.fm.bank.

    Company Contact: Investor and Media Contact:
    Lars B. Eller
    President and Chief Executive Officer
    Farmers & Merchants Bancorp, Inc.
    (419) 446-2501
    leller@fm.bank
    Andrew M. Berger
    Managing Director
    SM Berger & Company, Inc.
    (216) 464-6400
    andrew@smberger.com

     

    The MIL Network –

    January 25, 2025
  • MIL-OSI USA: Speech of Commissioner Summer K. Mersinger to Keynote at the S&P Global Commodity Insights Nodal Trader Conference

    Source: US Commodity Futures Trading Commission

    Good morning, and thank you for the warm welcome.  A special thank you to Nodal for inviting me to join your annual Trader Conference again this year.  It is truly an honor to address all of you this morning.  I am more than two years into my role as a commissioner at the Commodity Futures Trading Commission, and I still feel humbled by the opportunity to stand on a stage with a microphone to address accomplished professionals like all of you.  My children, on the other hand, are surprised that anyone would want to hear me talk about anything, and they are even more shocked that I would need a microphone to be heard as they are convinced that the only volume I ever use when speaking is shouting.

    The topic for my speech on today’s agenda is:  New Perspectives on Energy Trading and Power Markets, and I plan to focus on the road ahead for these markets.  But before discussing the road ahead, I will start with a story from my childhood about when I learned to drive.  I say this is a story from my childhood because in South Dakota, children as young as fourteen years old are allowed to obtain a driver’s license.  As much as I miss my home state, when I look at my fourteen-year-old son and think about him driving, I see the wisdom in Virginia’s approach.

    At the ripe old age of twelve, my dad decided it was time for me to learn how to drive.  As a tall child, I could reach the gas and brake pedals, which was apparently the minimum criteria for beginning driving lessons on the farm.  To be honest, I was scared to death of driving.  But my parents said I should learn because if there was ever an emergency, and I was the only one home, I may need to drive for help.  That logic just made me scared of driving and being left alone on the farm.

    My experience as a parent teaching two teenagers to drive involved multiple practice sessions in empty parking lots before slowly graduating to quiet side roads before paying another adult to do the really scary stuff, such as driving on highways and making left turns across oncoming traffic.  I suspect that sounds familiar to many in this room as well. 

    But that suburban approach is not how I learned to drive.  My lesson – notice I said lesson, not lessons—was a little more hands-off.  On the day I learned to drive, my dad had me jump in the passenger seat of his 1977 blue Chevy pick-up truck to take a ride with him.  Oddly, my older brother jumped in another farm truck and followed close behind.

    After driving a few miles away from our house, my dad drove the truck into the middle of a freshly plowed field.  Dad threw the truck into park, jumped out, and told me to slide over to the driver’s seat.  He then shut the door, leaned into the window, and told me to drive around the field until I was comfortable enough to drive myself home.  At that point, I realized why my brother had followed us in another vehicle—it was my dad’s getaway car.

    Honestly, I panicked.  I screamed, pleaded, and begged.  But my dad was confident in his approach.  And he left me with this advice:  always keep your eyes on the road.  But don’t just look at the road immediately in front of the vehicle; be sure to watch the road ahead so you know where you are going—and so that you do not smash into a deer.

    I’m sharing this story with you today for two reasons.  First, to offer some entertainment.

    Second, I found the advice my dad gave me that day relevant to the topic for my speech today.  Specifically, I want to share with you some thoughts and observations on energy markets, the road ahead for these markets, and potential down-the-road effects on the derivatives markets that are regulated by the CFTC.

    Being a derivatives regulator can feel a little like being that driver who is looking down the road to see what is ahead.  Our markets are forward looking, offering a view into points off in the distance so drivers are prepared for the path ahead.  But, just like a careful driver needs to see what is right in front of the vehicle as much as what is on the road ahead, careful regulation requires us to also keep our eyes on current market conditions, in addition to ensuring the reliability and safety of the futures markets, which reflect the road ahead.  The CFTC is always surveilling markets, spotting trends, and monitoring for risk that could impact the futures markets.

    Now, here is where this speech will diverge from my story of learning to drive.  While I was left to teach myself how to drive and had no one willing to share their expertise with me, our work at the CFTC in following markets occurs with the benefit of a variety of internal resources (such as the Market Intelligence Branch of the Division of Market Oversight and the Office of the Chief Economist) as well as external resources (such as our advisory committees).

    At the CFTC, we have five advisory committees, each of which is sponsored by a commissioner.  These committees are comprised of subject matter experts representing a variety of viewpoints, such as private sector stakeholders, non-profit groups, academia, and other governmental entities.  As many of you know, especially those who are members, I sponsor the Energy and Environmental Markets Advisory Committee.

    Growing up on a farm in South Dakota, I always understood that the price of energy had a major impact on whether it was a good year or a bad year for the farm.  Even at a young age, I could tell you the exact cost-per-gallon of diesel because either my dad was grumbling about it as he left for the field, or it was the topic of discussion at the local café in town where the older farmers convened for their morning coffee.

    The price of diesel determined the cost of running planters, tractors, combines, and trucks.  The cost of fertilizers and pesticides are also directly linked to fossil fuel input prices, and spreading those fertilizers and pesticides required hiring a spray pilot whose services were priced based on the cost of the aviation fuel.

    Even after our crops were harvested, energy costs were critical.  Energy prices influenced the cost of storage at the grain elevators and transportation; barges and ships run on bunker fuel and trains need diesel.  Everything in the farm economy depends on the price of energy.  You might have perfect temperatures, exactly the right amount of rain at exactly the right time, and high yields but still see your net profit shrink due to high energy prices.

    As the only Commissioner with a background in production agriculture, sponsoring the Commission’s Agriculture Advisory Committee may have seemed like the obvious choice.  But I saw the EEMAC as an opportunity to focus on sectors critical to the agricultural economy and to study those energy markets to understand their impact on the markets we regulate.  The goal is for the energy futures complex to serve end-users who need to hedge those costs and to mitigate the frequent price volatility experienced by the underlying cash markets.

    As the EEMAC has held meetings and participated in discussions around energy markets, we have heard over and over that the United States has critical gaps in its energy and power infrastructure.  As those gaps widen, so do risks to the stability of these markets that become more sensitive and less resilient to forces beyond US control.  Instability and volatility in spot energy markets and prices have a direct impact on the derivative products we regulate.

    Energy infrastructure’s impact on energy prices is something that cannot be ignored, and this reality has become even more apparent in the last decade.  Of course, it makes sense that energy transmission and delivery directly impact the cost to the end consumer.  However, truly understanding how energy infrastructure market fundamentals influence energy spot and derivatives prices requires hearing directly from hardworking domestic energy producers and seeing the infrastructure up close.

    With that in mind, the EEMAC has held a series of meetings on the road, and members of the advisory committee have joined me in getting outside of Washington to see our energy production and infrastructure and to talk directly with the experts who manage these facilities.

    In our first meeting, we visited Oklahoma and focused on more traditional energy markets such as crude oil and natural gas.[1]  We visited Cushing, Oklahoma, where the WTI Crude Oil contract settles to see the pipelines and storage facilities as well as to talk with those in charge of storing, blending, and moving the oil to locations throughout the US.  During the EEMAC meeting, a witness from the Federal Energy Regulatory Commission described an anomaly in the price of natural gas in New England.[2]  Despite having one of the largest concentrations of natural gas in the Marcellus Shale just over two hundred miles away, a lack of pipeline capacity makes it impossible to fully supply New England with gas from the Marcellus Shale.[3]  This situation means that New England relies on liquified natural gas (“LNG”) supplies from tanker ships.  As a result, the price New England end users pay is based on the Henry Hub price for exported LNG, rather than the domestic production price.  This circumstance creates an unusual situation where the spot price that a natural gas-fired power plant in Massachusetts pays for its fuel is more dependent on Europe’s desire for natural gas and a global market thousands of miles away than on the price and availability of natural gas produced two states away in Pennsylvania.

    To examine power markets and electrification, we held meetings in Roy, Utah; Nashville, Tennessee; and Golden, Colorado.[4]  In the course of those meetings, we had the opportunity to tour a large Ford EV production facility in Spring Hill, Tennessee, the Bingham Canyon Copper Mine in Utah, and a startup company looking to reuse mine tailings to produce critical metals and minerals in Golden, Colorado.

    Here in the United States, we have some of the largest deposits of the metals necessary for power generation, transmission, and use, but large gaps in our infrastructure and policies render these advantages almost meaningless.  In Golden, Colorado, we learned that despite a startup company’s cutting-edge technology that can turn mine waste into critical metals and minerals, China’s dominance in rare earth markets means that they can manipulate prices at will and squeeze out competition and force any US production into bankruptcy.

    Southwest of Salt Lake City, Utah, we toured the Bingham Canyon Copper Mine.  The Bingham County Mine is the largest man-made excavation in the world.[5]  It’s also the world’s deepest open pit mine, and it has produced more copper than any other mine in the world.[6]  As you can probably guess, the US has abundant supplies of copper; however, because of a lack of domestic smelting capacity, much of the copper mined in the US must be shipped overseas, often to China, to be processed and refined.  In fact, since 2000, China has been responsible for 75% of the global smelter capacity growth.[7]

    Finally, in Spring Hill, Tennessee, we learned that car companies are increasingly concerned  about logistical challenges reducing their  ability to provide cost-competitive electric vehicles.  This is not an idle concern.  Just four weeks ago, Rivian disclosed that it will be forced to reduce production and decrease its sales target in 2024 by almost 20% because of difficulties sourcing a component used in its electric motor.[8]  And last week, to secure a steady supply of lithium, GM announced an almost $1 billion investment in the Thacker Pass mine in Nevada.[9]

    For years, the problem for domestic energy policy was how to mine, drill, and import enough raw materials to satisfy America’s growing energy demand.[10]  Even after the oil glut of the 1980s and lower energy prices, we were still concerned with our reliance on foreign energy.[11]  The continuous mantra of Presidents starting with Richard Nixon was the concept of “Energy Independence” as a policy goal.[12]  Now, not because of government mandates, plans, or policies, but thanks to technological innovation, hard work, and the deployment of private capital, that goal has largely been achieved.  We have the raw materials in the ground that we need to power American energy independence; however, we need our infrastructure to catch-up with our domestic supply.

    Returning to my driving lesson, when I look at the road ahead, I see the United States coming to a crossroads.  One road leads to more resilient infrastructure, lower prices, and energy abundance.  The other road leads to energy scarcity, higher prices, and a loss of energy independence.  The direction we take as a country will have a major impact on the energy markets and the futures markets we regulate at the CFTC.  Unfortunately, gaps in energy infrastructure lead to instability and volatility in energy markets, which have a direct impact on the derivatives markets.  If derivatives markets fail to offer adequate price discovery and risk mitigation, they will no longer serve producers and end users as appropriate tools to hedge their exposure.  That is a road we cannot afford to go down.

    As a regulator, the CFTC is not the driver of this car, but we definitely have an interest in taking the road that leads to liquid, stable, and vibrant derivatives markets that serve as a tool for hedging against risk. We can do that by ensuring that new derivative products come to market efficiently without the fear of litigation or unreasonable staff positions, and by cultivating new market structures that minimize conflicts and instill market confidence.  Our enforcement efforts should be focused on ‘bad actors’ and not on trying to shortcut deliberative policymaking.  The CFTC should prefer “responsible regulation” over “regulation by enforcement.”  To arrive at our desired destination, we all need to keep our eyes on the road, to see what is right in front of us while simultaneously paying attention to the road ahead.

    Thank you for taking this road trip with me today.  I look forward to answering your questions.


    [1] CFTC Energy and Environmental Markets Advisory Committee meeting in Stillwater, Oklahoma, September 20, 2022.

    [4] CFTC Energy and Environmental Markets Advisory Committee meeting in Nashville, Tennessee, February 28, 2023.  CFTC Energy and Environmental Markets Advisory Committee meeting in Roy, Utah, June 27, 2023.  CFTC Energy and Environmental Markets Advisory Committee meeting in Golden, Colorado, February 13, 2024.

    [5] Kristine L. Pankow, Jeffrey R. Moore, J. Mark Hale, Keith D. Koper, Tex Kubacki, Katherine M. Whidden, and Michael K. McCarter.  “Massive landslide at Utah copper mine generates wealth of geophysical data.” Geological Society of America, vol. 24, no. 1, January 2014.

    [7] Securing Copper Supply: No China, No Energy Transition, WoodsMcKenzie, August 2024, Nick Pickens, Robin Griffin, Eleni Joanides, and Zhifei Liu.

    [8] Ed Ludlow and Kiel Porter. “Rivian Misstep Triggered Parts Shortage Hobbling Its EV Output.” Bloomberg, October 7, 2024.

    [9] Camilla Hodgson.  “General Motors increases investment in lithium mine to nearly $1bn.” Financial Times, October 6, 2024.

    [10] US Energy Information Administration, “U.S. energy facts explained, Imports & Exports.”  Last updated July 15, 2024, with data from the Monthly Energy Review.

    [12] Charles Homans, “Energy Independence: A Short History.”  Foreign Policy, January 3, 2012.

    MIL OSI USA News –

    January 25, 2025
  • MIL-OSI Global: ‘Our nuclear childhood’: the sisters who witnessed H-bomb tests over their Pacific island, and are still coming to terms with the fallout

    Source: The Conversation – UK – By Christopher Hill, Associate Professor (Research and Development), Faculty of Business and Creative Industries, University of South Wales

    Nuclear detonations were the backdrop to Teeua and Teraabo’s childhood. By the time the sisters were eight and four, the Pacific island on which they grew up, Kiritimati, had hosted 30 atomic and thermonuclear explosions – six during Operation Grapple, a British series between 1957 and 1958, and 24 during Operation Dominic, led by the US in 1962.

    The UK’s secretary of state for the colonies, Alan Lennox-Boyd, had claimed the Grapple series would put Britain “far ahead of the Americans, and probably the Russians too, in super-bomb development”. Grapple, the country’s largest tri-service operation since D-Day, also involved troops from Fiji and New Zealand. It sought to secure the awesome power of the hydrogen bomb: a thermonuclear device far more destructive than the atomic bomb.

    Britain’s seat at the top table of “super-bomb development” was emphatically announced in April 1958 with Grapple Y: an “H-bomb” 200 times more powerful than the bomb dropped on Hiroshima in 1945. This remains Britain’s largest nuclear detonation – one of more than 100 conducted by the UK, US and Soviet Union in 1958 alone.

    More than six decades later, the health effects on former servicemen based on Kiritimati, as well as at test locations in South and Western Australia, remain unresolved. Greater Manchester’s mayor, Andy Burnham, has called the treatment of UK nuclear test veterans “the longest-standing and, arguably, the worst” of all the British public scandals in recent history.




    Read more:
    Nobel peace prize awarded to Japanese atomic bomb survivors’ group for its efforts to free the world of nuclear weapons


    Unlike the Post Office, infected blood and Grenfell Tower inquiries in 2024, there has been no UK inquiry into British nuclear weapon tests in Australia and the Pacific. Yet veterans and their descendants maintain these tests caused hereditary ill-health effects and premature deaths among participants. The British government has been accused of hiding records of these health impacts for decades behind claims of national security.

    Over the past year, the life stories of British nuclear test veterans have been collected by researchers, including myself, for an oral history project in partnership with the British Library. Whether from a vantage point of air, land or sea, the veterans all recall witnessing nuclear explosions with startling clarity, as if the moment was seared on to their memories. According to Doug Herne, a ship’s cook with the Royal Navy:

    When the flash hit you, you could see the X-rays of your hands through your closed eyes. Then the heat hit you, and it was as if someone my size had caught fire and walked through me. To say it was frightening is an understatement. I think it shocked us into silence.

    British servicemen describe their nuclear test experiences. Video: Wester van Gaal/Motherboard.

    But what of the experiences of local people on Kiritimati? I have recently interviewed two sisters who are among the few surviving islanders who witnessed the nuclear tests. This is their story.

    ‘A mushroom cloud igniting the sky’

    At the start of Operation Grapple in May 1957, around 250 islanders lived on Kiritimati – the world’s largest coral reef atoll, slap bang in the centre of the Pacific Ocean, around 1,250 miles (2,000km) due south of Hawaii. The island’s name is derived from the English word “Christmas”, the atoll having been “discovered” by the British explorer James Cook on Christmas Eve 1777.

    In May 2023, I visited Kiritimati for a research project on “British nuclear imperialism”, which investigated how post-war Britain used its dwindling imperial assets and resources as a springboard for nuclear development. I sought to interview islanders who had remained on the atoll since the tests, including Teeua Tekonau, then aged 68. In 2024, I visited her younger sister, Teraabo Pollard, who lives more than 8,000 miles away in the contrasting surroundings of Burnley, north-west England.

    Far from descriptions of fear and terror, both Teeua and Teraabo looked back on the tests with striking enthusiasm. Teraabo recalled witnessing them from the local maneaba (open-air meeting place) or tennis court as a “pleasurable” experience full of “excitement”.

    She described having her ears plugged with cotton wool before being covered with a blanket. As if by magic, the blanket was then lifted to reveal a mushroom cloud igniting the night sky – a sight accompanied by sweetened bread handed out by American soldiers. So vivid was the light that Teraabo, then aged four, described “being excited about it being daytime again”.

    An Operation Grapple thermonuclear test near Kiritimati, 1957-58. Video: Imperial War Museums.

    In view of the violence of the tests, I was struck that Teeua and Teraabo volunteered these positive memories. Their enthusiasm seemed in marked contrast to growing concerns about the radioactive fallout – including those voiced by surviving test veterans and their descendants. As children, the tests seem to have offered the sisters a spectacle of fantasy and escapism – glazed with the saccharine of American treats and Disney films on British evacuation ships.

    Yet they have also lived through the premature deaths of family members and, in Teraabo’s case, a malignant tumour dating from the time of the tests. And there have been similar stories from other families who lived in the shadow of these very risky, loosely controlled experiments. Teraabo told me about a friend who had peeked out from her blanket as a young girl – and who suffered from eye and health problems ever since.

    ‘Only a very slight health hazard’

    Kiritimati forms part of the impossibly large Republic of Kiribati – a nation of 33 islands spread over 3.5 million square kilometres; the only one to have territory in all four hemispheres and, until 1995, on either side of the international date line. Before independence from Britain in 1979, Kiribati belonged to the Gilbert and Ellice Island Colony, which in effect made Kiritimati a “nuclear colony” for the purpose of British and American testing.

    In 1955, Teeua and Teraabo’s parents, Taraem and Tekonau Tetoa, left their home island of Tabiteuea, a small atoll belonging to the Gilbert group of islands in the western Pacific. They boarded a British merchant vessel bound for Christmas Island nearly 2,000 miles away. Setting sail with new-born Teeua in their arms, the family looked forward to a future cutting copra on Kiritimati’s British coconut plantation.

    The scale of this journey, with four young children, was immense. Just how the hundred or so Gilbertese passengers “managed to live [during the voyage] was better not asked”, according to one royal engineer who described a similar voyage a few years later. “There were piles of coconuts everywhere – perhaps they were for both food and drink.”



    The Insights section is committed to high-quality longform journalism. Our editors work with academics from many different backgrounds who are tackling a wide range of societal and scientific challenges.


    Within two years of their arrival, the family faced more upheaval as mother Taraem and her children were packed aboard another ship ahead of the first three sets of British nuclear tests in the Pacific. Known as Grapple 1, 2 and 3, they were to be detonated over Malden Island, an atoll some 240 miles to the south of Kiritimati – but still too close for the comfort of local residents.

    According to Teeua, the evacuation was prompted by disillusioned labourers brought to Kiritimati without their families, who went on strike after learning how much the British troops were being paid. But the islanders’ perspectives do not feature much in the colonial records, which give precedence to British disputes about logistical costs and safety calculations.

    The Grapple task force resolved that the safe limit set by the International Commission on Radiological Protection should be reduced, to limit the cost of evacuations. A meeting in November 1956 noted that “only a very slight health hazard to people would arise from this reduction – and that only to primitive peoples”.

    Shocking as this remark sounds, it is typical of the disregard that nuclear planners appear to have had, both for Indigenous communities and the mostly working-class soldiers. These lives did not seem to matter much in the context of Britain’s quest for nuclear supremacy. William Penney, Britain’s chief nuclear scientist, had bemoaned how critics during tests in Australia were “intent on thwarting the whole future of the British Empire for the sake of a few Aboriginals”.

    Tekonau, Teeua’s father, was one of the 30 or so I-Kiribati people to stay behind on Kiritimati during the Malden tests in May and June 1957. As one of the only labourers to speak English, he had gained the trust of the district commissioner, Percy Roberts, who invited Tekonau to accompany him during inspections of villagers’ houses in Port London, then the island’s only village. On one occasion, Teeua said, the islanders did not recognise her father as he had been given a “flat top” haircut like the Fijian soldiers. “This means he had a nice relationship with the soldiers,” she told me. “Thank God for giving me such a good and clever dad.”

    Since the initial tests did not produce a thermonuclear explosion, the task force embarked on further trials between November 1957 and September 1958, known as Grapple X, Y and Z. In view of expense and time, these were conducted on Kiritimati rather than Malden Island – and this time, the residents were not evacuated to other islands. Rather, families were brought aboard ships in the island’s harbour and shown films below deck.

    After these tests, the islanders returned to find the large X and Y detonations had cracked the walls of their homes and smashed their doors and furniture. One islander found their pet frigate bird, like so many of the wild birds on Kiritimati, had been blinded by the flash of Grapple Y. No compensation was ever paid to the islanders, although the Ministry of Supply did reimburse the colony for deterioration of “plantation assets”, including £4 for every damaged coconut tree (equivalent to £120 today).

    A month before Grapple Y, Teraabo was born. Her earliest and most vivid childhood memories are of the US-led Operation Dominic four years later, by which time evacuation procedures had been abandoned altogether.

    This series of tests was sanctioned by Britain in exchange for a nuclear-powered submarine and access to the Nevada Proving Grounds in the US – regarded as pivotal to the future of British weapons technology ahead of the signing of the Test Ban Treaty in October 1963, which would prohibit atmospheric testing.

    Dominic’s 24 detonations on Kiritimati – which usually took place after sunset around 6pm, between April and November 1962 – were “awesome”, according to Teraabo. Recalling the suspense as the “tannoy announced the countdown”, she described “coming out of cover [and] witnessing the bomb [as] an amazing experience … When the bomb set off, the brilliance of the light was tremendous.”

    Each explosion’s slow expiration would re-illuminate the Pacific sky. One, Starfish Prime, became known as a “rainbow bomb” because of the multi-coloured aurora it produced over the Pacific, having been launched into space where it exploded.

    So spectacular were these descriptions that I almost felt I had to suspend disbelief as I listened. At one point in my interview with Teraabo, she leaned in to reassure me that she had no interest in exaggerating these events: “I’m a very proud person,” she whispered, “I would never lie.”

    ‘In our blood’

    More than six decades on from the Grapple tests, I was sitting in Teeua’s kitchen in the village of Tabwakea (meaning “turtle”), near the northern tip of Kiritimati. I had driven here in a Subaru Forester, clapped-out from the many potholes on the island’s main road, itself built by royal engineers over 60 years ago.

    Teeua Tekonau in her kitchen during the author’s visit to Kiritimati in 2023.
    Christopher R. Hill., CC BY

    Teeua’s home, nestled down a sand track, had a wooden veranda at the front where she would teach children to read and write under shelter from the hot equatorial sun. Handcrafted mats lined the sand and coral floor, fanning out from the veranda to the kitchen at the back.

    The house felt full of the sounds of the local community, from the chatter of neighbours to the laughter of children outdoors. No one could feel lonely here, despite the vastness of the ocean that surrounds Kiritimati.

    As Teeua cooked rice and prepared coffee, we discussed the main reason for my visit: to understand the impacts of the nuclear tests on the islanders, their descendents, and the sensitive ecosystem in which they live. Teeua is chair of Kiritimati’s Association of Atomic Cancer Patients, and one of only three survivors of the tests still living on Kiritimati. She pulled up a seat and looked at me:

    Many, many died of cancer … And many women had babies that died within three months … I remember the coconut trees … when you drank [from the coconuts], you [were] poisoned.

    Both Teeua’s parents and four of her eight siblings had died of cancer or unexplained conditions, she said. Her younger brother, Takieta, died of leukaemia at the age of two in November 1963 – less than a year after Operation Dominic ended. Her sister Teraabo, who discovered a tumour in her stomach shortly after the trials, was only able to have her stomach treated once she moved to the UK in 1981, by which time the tumour had turned malignant.

    Teeua’s testimony pointed to the gendered impacts of the nuclear tests. She referred to the prevalence of menstrual problems and stillbirths, evidence of which can be inferred from the testimony of another nuclear survivor, Sui Kiritome, a fellow I-Kiribati who had arrived on Kiritimati in 1957 with her teacher husband. Sui has described how their second child, Rakieti, had “blood coming out of all the cavities of her body” at birth.

    A rare military hospital record from 1958 – stored in the UK’s National Archives at Kew in London – also refers to the treatment of a civilian woman for ante-partum haemorrhage and stillbirth, though it is unclear whether this was a local woman or one of the soldier’s wives on the passenger ship HMT Dunera, which visited briefly to “boost morale” after Grapple X.

    Members of the Kiritimati Association of Atomic Cancer Patients.
    Courtesy: Teeua Taukaro., CC BY-ND

    Having re-established the Association of Atomic Cancer Patients in 2009, Teeua has continued much of the work that Ken McGinley, first chair of the British Nuclear Tests Veterans Association, did after its establishment in 1983. She has documented the names of all I-Kiribati people present during the tests, along with their spouses, children and other relatives. And she has listed the cancers and illnesses from which they have suffered.

    In the absence of medical records at the island hospital, these handwritten notes are the closest thing on the atoll to epidemiological data about the tests. But according to Teeua, concerns about the health effects of the tests date back much longer, to 1965 when a labourer named Bwebwe spoke out about poisonous clouds. “Everyone thought he was crazy,” Teeua recalled.

    But Bwebwe’s speculations were lent credibility by Sui Kiritome’s testimony, and by the facial scars she bore that were visible for all to see. In an interview with her daughter, Sui explained how she was only 24 when she started to lose her hair, and “burns developed on my face, scalp and parts of my shoulder”.

    In a similar manner to claims made by British nuclear test veterans, Sui attributed her health problems to being rained on during Grapple Y – which may have been detonated closer to the atoll’s surface than the task force was prepared to admit.

    When I asked Teeua why her campaigning association was only reformed in 2009, she explained it had been prompted by a visit from British nuclear test veterans who “told us that everyone [involved in the tests] has cancer – blood cancer”. They had been told this in the past but, she said, “we did not believe it. But after years … after our children [also] died of cancer, then we remembered what they told us.”

    After some visiting researchers explained to Teeua and the community that the effects of the tests were “not good”, she concluded that “our kids died of cancer because of the tests … That’s why we start to combine together … the nuclear survivors, to talk about what they did to our kids”.

    I found Teeua’s testimony deeply troubling: not only because of the suffering she and other families have been through, but in the way that veterans had returned to Kiritimati as civilians, raising concerns among locals that may have lain dormant or been forgotten. The suggestion that radiation was “in her blood” must have been deeply disturbing for Teeua and her community.

    But I reminded myself that the veterans who came looking for answers in 2009 were also victims. They made the long journey seeking clues about their health problems, or a silver bullet to prove their government’s deception over the nuclear fallout.

    As young men, they were unwittingly burdened with a lifetime of uncertainty – compounded by endless legal disputes with the Ministry of Defence or inconclusive health studies that jarred with their personal medical histories. And, like the islanders, some of these servicemen died young after experiencing agonising illnesses.

    The scramble for the Pacific

    My research on British nuclear imperialism also sheds light on how imperial and settler colonial perceptions of “nature” shaped how these nuclear tests were planned and operationalised.

    British sites were selected on the basis of in-depth environmental research. When searching the site for Britain’s first atomic bomb (the Montebello Islands off the west coast of Australia), surveyors discovered 20 new species of insect, six new plants, and a species of legless lizard.

    Monitoring of radioactive fallout from nuclear tests fed into the rise of ecosystem ecologies as an academic discipline. In the words of one environmental specialist on the US tests, it seemed that “destruction was the enabling condition for understanding life as interconnected”.

    Since H-bombs would exceed the explosive yield deemed acceptable by Australia, Winston Churchill’s government in the mid-1950s had been forced to look for a new test site beyond Western and South Australia. British planners drew on a wealth of imperial knowledge and networks – but their proposal to use the Kermadec Islands, an archipelago 600 miles north-east of Auckland, was rejected by New Zealand on environmental grounds.

    So, when Teeua and her family landed on Kiritimati in 1955, their journey was part of “the scramble for the Pacific”: a race between Britain and the US to lay claim to the sovereignty of Pacific atolls in light of their strategic significance for air and naval power.

    The British government archives include some notable environmental “what ifs?” Had the US refused the UK’s selection of Kiritimati because of its own sovereignty claim, then it would have been probable, as Lennox-Boyd, Britain’s colonial secretary, admitted, that “the Antarctic region south of Australia might have to be used” for its rapidly expanding nuclear programme.

    Instead, this extraordinary period in global history recently took me to a Victorian mansion in the Lancashire town of Burnley, where I interviewed Teeua’s younger sister, Teraabo, about her memories of the Kiritimati tests.

    ‘No longer angry’

    Teraabo’s home felt like the antithesis of Teeua’s island abode 8,300 miles away: ordered instead of haphazard, private instead of communal, spacious instead of crowded. And our interview had a more detached, philosophical tone.

    Teraabo Pollard with her father’s nuclear test veteran medal.
    Christopher R. Hill., CC BY-ND

    Like her sister, Teraabo has worked to raise awareness about the legacy of the nuclear tests, including with the Christmas Island Appeal, an offshoot of the British Nuclear Test Veterans Association that sought to publicise the extent of the waste left on Kiritimati from the nuclear test period.

    The appeal succeeded in persuading Tony Blair’s UK government to tackle the remaining waste in Kiritimati – most of which was non-radiological, according to a 1998 environmental assessment. The island was “cleaned up” and remediated between 2004 and 2008, at a cost of around £5 million to the Ministry of Defence. Much of the waste was flown or shipped back to the UK, where 388 tonnes of low-grade radioactive material were deposited in a former salt mine at Port Clarence, near Middlesbrough.

    Yet Teraabo’s views have evolved. She told me she is “no longer angry” about the tests, a stark contrast to her position 20 years ago, when she told British journalist Alan Rimmer how islanders had “led a simple life with disease virtually unknown. But after the tests, everything changed. I now realise the whole island was poisoned.”

    Whereas the Teraabo of 2003 blamed “the British government for all this misery”, she has since become more reflective. In the context of the cold war and the nuclear arms race, she even told me she could understand the British rationale for selecting Kiritimati as a test site. This seemed a remarkable statement from a survivor who had lost so much.

    Over the course of the interview, it became clear Teraabo had grown tired of being angry – and that she had felt “trapped” by the tragic figure she was meant to represent in the campaigns of veterans and disarmers. Each time Teraabo rehearsed the doom-laden script of radiation exposure, she admitted she was also suppressing the joy of her childhood memories.

    A turning point for Teraabo seems to have come in 2007, when she last visited Kiritimati and met her sister Teeua. By this time, the atoll’s population was 4,000 – quite a leap from the 300 residents she grew up with. “It is no longer the island I remember,” she said.

    The Kiritimati of Teraabo’s memory was neat and well-structured. The one she described encountering in 2007 was chaotic and unkempt. She had come to the realisation that the Kiritimati she had been campaigning for – the pristine, untouched atoll of her parents – had long since moved on, so she should move on with it. The sorrow caused by the test operations would not define her.

    Radioactive colonialism

    Not long after I left Kiritimati in June 2023, the global nuclear disarmament organisation Ican began researching the atoll ahead of a major global summit to discuss the UN Treaty on the Prohibition of Nuclear Weapons. Descendants of Kiritimati’s nuclear test survivors were asked a series of questions, with those who provided the “right” answers being selected for a sponsored trip to UN headquarters in New York.

    The chosen representatives included Teeua’s daughter, Taraem. I wondered if the survivors of Kiritimati are doomed to forever rehearse the stories of their nuclear past – a burden that Teeua and Teraabo have had to carry ever since they stood in awe of atomic and thermonuclear detonations more than 60 years ago.

    They have had to deal with “radioactive colonialism” all their adult lives – the outside world demanding to see the imprint of radioactivity on their health and memories. But the sisters’ fondness for British order, despite all they have been through, prevails.

    Their positive memories of Britain may in part reflect the elevated role of their father, Tekonau Tetoa – a posthumous recipient of the test veteran medal – within the British colonial system. During my visit, I happened upon an old photo of Tekonau, looking immaculate as he hangs off the side of a plantation truck in a crisp white shirt. Knowing Teeua did not possess a photo of her parents, I took a scan and raced to her house down the road.

    “Do you recognise this man?” I asked, holding up my phone.

    She flickered with recognition. “Is that my father?”

    I nodded, and she shed a tear of joy.

    Tekonau Tetoa, father of Teeua and Teraabo, hangs off the door of a coconut plantation truck in Kiritimati.
    Courtesy: John Bryden., CC BY-ND

    Memories of Teeua and Teraabo’s father are preserved in the island landscape of their youth: pristine, regimented by the ostensible tidiness of colonial and military order.

    But such order masked contamination: an unknown quantity that would only become evident years later in ill-health and environmental damage. It was not only the nuclear tests: from 1957 to 1964, the atoll was sprayed four times a week with DDT, a carcinogenic insecticide, as part of attempts to reduce insect-borne disease. In the words of one of the pilots: “I had many a wave from the rather fat Gilbo ladies sitting on their loos as I passed overhead, and gave them some spray for good measure!” British tidiness concealed a special brand of poison.

    Today, the prospect of a meaningful response from the UK to the concerns raised by the islanders and servicemen alike seems slim. In October 2023, the UK and France followed North Korea and Russia in vetoing a Kiribati and Kazakhstan-proposed UN resolution on victim assistance and environmental remediation for people and places harmed by nuclear weapons use and testing.

    Over in Kiritimati, meanwhile, Teeua still tends to a small plot where Prince Philip planted a commemorative tree in April 1959, shortly after the British-led nuclear tests had ended. It is rumoured he did not drink from the atoll’s water while he was there.



    For you: more from our Insights series:

    • The Innu have lived in eastern Canada for thousands of years, yet their rights to this land are increasingly threatened by the question: who is Indigenous?

    • A century ago, the women of Wales made an audacious appeal for world peace – this is their story

    • A Peruvian farmer is trying to hold energy giant RWE responsible for climate change – the inside story of his groundbreaking court case

    • ‘We miners die a lot.’ Appalling conditions and poverty wages: the lives of cobalt miners in the DRC

    To hear about new Insights articles, join the hundreds of thousands of people who value The Conversation’s evidence-based news. Subscribe to our newsletter.

    Christopher Hill receives funding from the Office for Veterans’ Affairs, UK Cabinet Office. The research for this article was also supported by funding from the Arts and Humanities Research Council (AHRC), UKRI. The author wishes to thank the following for their support with this article: Fiona Bowler, Ian Brailsford, Joshua Bushen, John Bryden, Jon Hogg, Brian Jones, Rens van Munster, Wesley Perriman, Maere Tekanene, Michael Walsh, Rotee Walsh and Derek Woolf. Sincere thanks to Teeua Tekonau and Teraabo Pollard for sharing their family stories.

    – ref. ‘Our nuclear childhood’: the sisters who witnessed H-bomb tests over their Pacific island, and are still coming to terms with the fallout – https://theconversation.com/our-nuclear-childhood-the-sisters-who-witnessed-h-bomb-tests-over-their-pacific-island-and-are-still-coming-to-terms-with-the-fallout-239780

    MIL OSI – Global Reports –

    January 25, 2025
  • MIL-OSI USA: Smucker Named Friend of the Farm Bureau

    Source: United States House of Representatives – Representative Lloyd Smucker (PA-16)

    Fawn Grove, PA – Rep. Lloyd Smucker (PA-11) has been named a recipient of the Friend of the Farm Bureau Award for the 118th Congress, given to Members of Congress who support legislation benefiting agriculture, farmers, and producers.

    Rep. Smucker received the award during a visit to Maple Heights Farm in Fawn Grove, a third-generation grain farm operated by Julie Schrum, a member of the Pennsylvania Farm Bureau (PFB) Board of Directors.

    “The men and women of Pennsylvania’s 11th Congressional District, home to the Garden Spot of America and one of the largest agricultural districts in our Commonwealth, can count on me to advocate for policies in Congress that support farmers and producers. Our agricultural heritage is at the heart of our community. I will continue to fight for a Farm Bill that supports our community and farmers across the nation, as well as a pro-growth tax agenda that helps family-owned farms compete and be passed down from generation to generation,” said Rep. Lloyd Smucker (PA-11).

    “On behalf of Pennsylvania Farm Bureau, the state’s largest general farm organization, we would like to thank these members of Pennsylvania’s congressional delegation for supporting legislation that benefits agriculture,” said PFB President Chris Hoffman.

    “The support from our Friend of Farm Bureau recipients helps preserve the future of family farms in Pennsylvania, maintain our ability to produce safe and affordable food for consumers, and provide resources to assist farmers in implementing conservation practices on the farm. With record-high input costs and an increase in red tape, farm families have been greatly challenged in recent years. Continued support by lawmakers to implement sound agricultural policy is vital to ensure food and national security.”

    Rep. Smucker is one of only seven of Pennsylvania’s elected officials who were selected to receive the award for the 118th Congress. Smucker has been named a recipient of the Friend of the Farm Bureau during each term of his congressional service.

    # # # 

    MIL OSI USA News –

    January 25, 2025
  • MIL-OSI: Live Oak Bancshares, Inc. Reports Third Quarter 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, N.C., Oct. 23, 2024 (GLOBE NEWSWIRE) — Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or “the Company”) today reported third quarter of 2024 net income of $13.0 million, or $0.28 per diluted share.

    “Live Oak delivered historic production levels this quarter as our teams continue to put capital into the hands of business owners across the country,” said Live Oak Chairman and Chief Executive Officer James S. (Chip) Mahan III. “We believe our business momentum is in an exciting place and our conservative approach to growth is driving positive operating leverage, revenue, and deeper customer relationships.”

    Third Quarter 2024 Key Measures

    (Dollars in thousands, except per share data)       Increase (Decrease)    
      3Q 2024   2Q 2024   Dollars   Percent   3Q 2023
    Total revenue(1) $ 129,932     $ 125,479     $ 4,453       3.5 %   $ 127,301  
    Total noninterest expense   77,589       77,656       (67 )     (0.1 )     74,262  
    Income before taxes   17,841       36,058       (18,217 )     (50.5 )     42,760  
    Effective tax rate   27.0 %     25.2 %     n/a       n/a       6.9 %
    Net income $ 13,025     $ 26,963     $ (13,938 )     (51.7 )%   $ 39,793  
    Diluted earnings per share   0.28       0.59       (0.31 )     (52.5 )     0.88  
    Loan and lease production:                  
    Loans and leases originated $ 1,757,856     $ 1,171,141     $ 586,715       50.1 %   $ 1,073,255  
    % Fully funded   42.4 %     38.2 %     n/a       n/a       52.2 %
    Total loans and leases: $ 10,191,868     $ 9,535,766     $ 656,102       6.9 %   $ 8,775,235  
    Total assets:   12,607,346       11,868,570       738,776       6.2       10,950,460  
    Total deposits:   11,400,547       10,707,031       693,516       6.5       10,003,642  

    (1) Total revenue consists of net interest income and total noninterest income.

    Loans and Leases

    As of September 30, 2024, the total loan and lease portfolio was $10.19 billion, 6.9% above its level at June 30, 2024, and 16.1% above its level a year ago. Excluding historical Paycheck Protection Program loans, the third quarter of 2024 was the Company’s highest loan production quarter of all time. Compared to the second quarter of 2024, loans and leases held for investment increased $659.8 million, or 7.2%, to $9.83 billion while loans held for sale decreased $3.7 million, or 1.0%, to $360.0 million. Average loans and leases were $9.76 billion during the third quarter of 2024 compared to $9.38 billion during the second quarter of 2024. 

    The total loan and lease portfolio at September 30, 2024, and June 30, 2024, was comprised of 34.5% and 36.4% of guaranteed loans, respectively.

    Loan and lease originations totaled $1.76 billion during the third quarter of 2024, an increase of $586.7 million, or 50.1%, from the second quarter of 2024. Loan and lease originations increased $684.6 million, or 63.8%, from the third quarter of 2023.

    Deposits

    Total deposits increased to $11.40 billion at September 30, 2024, an increase of $693.5 million compared to June 30, 2024, and an increase of $1.40 billion compared to September 30, 2023. The increase in total deposits from prior periods was to support growth in the loan and lease portfolio as well as the Company’s targeted liquidity levels.

    Average total interest-bearing deposits for the third quarter of 2024 increased $287.5 million, or 2.8%, to $10.56 billion, compared to $10.27 billion for the second quarter of 2024. The ratio of average total loans and leases to average interest-bearing deposits was 92.5% for the third quarter of 2024, compared to 91.4% for the second quarter of 2024.

    Borrowings

    Borrowings totaled $115.4 million at September 30, 2024 compared to $117.7 million and $25.8 million at June 30, 2024, and September 30, 2023, respectively. During the first quarter of 2024, the Company increased long-term borrowings by $100.0 million through an unsecured 5.95% fixed rate 60-month term loan with a third party correspondent bank. This increase in borrowings was to strategically enhance capital levels in order to accommodate future growth expectations.

    Net Interest Income

    Net interest income for the third quarter of 2024 was $97.0 million compared to $91.3 million for the second quarter of 2024 and $89.4 million for the third quarter of 2023. The net interest margin for the third quarter of 2024 and second quarter of 2024 was 3.33% and 3.28%, respectively, an increase of five basis points quarter over quarter. During the third quarter of 2024, the average cost of interest-bearing liabilities increased by two basis points, while the average yield on interest-earning assets increased by six basis points.

    The increase in net interest income for the third quarter of 2024 compared to the third quarter of 2023 was largely driven by growth in average loans and leases held for investment. Partially mitigating this increase was a decrease in the net interest margin by four basis points arising from an increase in deposits and borrowings, combined with the increase in average cost of funds, outpacing the increase in average yield on interest-earning assets.

    Noninterest Income

    Noninterest income for the third quarter of 2024 was $32.9 million, a decrease of $1.2 million compared to the second quarter of 2024, and a decrease of $5.0 million compared to the third quarter of 2023. The primary drivers in noninterest income changes are outlined below.

    The loan servicing asset revaluation resulted in a loss of $4.2 million for the third quarter of 2024 compared to a $11.3 million gain for the third quarter of 2023. This decrease between periods was principally due to the third quarter of 2023 change in valuation techniques used to estimate the fair value of servicing rights which resulted in a nonrecurring gain of $13.7 million during that period.

    Net gains on sales of loans was $16.6 million, a $2.3 million increase compared to the second quarter of 2024 and a $4.0 million increase compared to the third quarter of 2023. The increase in net gains on sales of loans for both compared periods was the result of higher levels of market premiums combined with increased loan sale volumes. The average guaranteed loan sale premium was 107%, 106% and 105% for the third and second quarters of 2024 and third quarter of 2023, respectively. The volume of guaranteed loans sold was $266.3 million for the third quarter of 2024 compared to $250.5 million sold in the second quarter of 2024 and $225.6 million sold in the third quarter of 2023.

    Loans accounted for under the fair value option had a net gain of $2.3 million for the third quarter of 2024, compared to a net gain of $172 thousand for the second quarter of 2024 and a net loss of $568 thousand for the third quarter of 2023. The increased levels of net gains arising from the valuation of loans accounted for under the fair value option compared to the second quarter of 2024 was largely associated with lower market interest rates. The increase in net gains when compared to the third quarter of 2023 was principally due to the third quarter of 2023 change in valuation techniques used to estimate the fair value of loans measured at fair value, which resulted in a nonrecurring gain of $1.3 million during that period.

    Management fee income decreased by $2.2 million, as compared to both the second quarter of 2024 and third quarter of 2023. This decrease was the result of a restructuring of the Canapi Funds in the third quarter of 2024. In connection with that restructuring, the Company’s subsidiary Canapi Advisors voluntarily withdrew as an advisor to the funds. The Company remains an investor in the Canapi Funds and continues its focus on new and emerging financial technology companies.

    Other noninterest income for the third quarter of 2024 totaled $7.1 million compared to $11.0 million for the second quarter of 2024 and $3.5 million for the third quarter of 2023. The quarter over quarter decrease of $3.9 million was largely related to a $6.7 million gain arising from the sale of one of the Company’s aircraft in the second quarter of 2024, partially offset by a $2.4 million gain from the sale of a building in the third quarter of 2024. The $3.6 million increase compared to the third quarter of 2023 was largely related to the above mentioned $2.4 million gain from the sale of an idle building and accompanying land that was determined earlier in 2024 not to be best suited to serve the Company’s future expansion plans.

    Noninterest Expense

    Noninterest expense for the third quarter of 2024 totaled $77.6 million compared to $77.7 million for the second quarter of 2024 and $74.3 million for the third quarter of 2023. Compared to the third quarter of 2023, the increase in noninterest expense was principally impacted by smaller balance increases in various expense categories, partially offset by $2.2 million in decreased levels of FDIC insurance expense. The decrease in FDIC insurance expense was the product of favorable changes in the Company’s FDIC assessment rates.

    Asset Quality

    During the third quarter of 2024, the Company recognized net charge-offs for loans carried at historical cost of $1.7 million, compared to $8.3 million in the second quarter of 2024 and $9.1 million in the third quarter of 2023. Net charge-offs as a percentage of average held for investment loans and leases carried at historical cost, annualized, for the quarters ended September 30, 2024, June 30, 2024, and September 30, 2023, was 0.08%, 0.38% and 0.48%, respectively.

    Unguaranteed nonperforming (nonaccrual) loans and leases, excluding $8.7 million and $9.6 million accounted for under the fair value option at September 30, 2024, and June 30, 2024, respectively, increased to $49.4 million, or 0.52% of loans and leases held for investment which are carried at historical cost, at September 30, 2024, compared to $37.3 million, or 0.42%, at June 30, 2024.

    Provision for Credit Losses

    The provision for credit losses for the third quarter of 2024 totaled $34.5 million compared to $11.8 million for the second quarter of 2024 and $10.3 million for the third quarter of 2023. The level of provision expense in the third quarter of 2024 was primarily the result of specific reserve increases on individually evaluated loans and continued growth of the loan and lease portfolio. Provision expense for three individually evaluated loan relationships amounted to $13.6 million, or 60.0% and 56.3% of the increase in the total provision for loan and lease losses when compared to the second quarter of 2024 and third quarter of 2023, respectively.

    The allowance for credit losses on loans and leases totaled $168.7 million at September 30, 2024, compared to $137.9 million at June 30, 2024. The allowance for credit losses on loans and leases as a percentage of total loans and leases held for investment carried at historical cost was 1.78% and 1.57% at September 30, 2024, and June 30, 2024, respectively.

    Income Tax

    Income tax expense and related effective tax rate was $4.8 million and 27.0% for the third quarter of 2024, $9.1 million and 25.2% for the second quarter of 2024 and $3.0 million and 6.9% for the third quarter of 2023, respectively. The lower level of income tax expense for the third quarter of 2024 compared to the second quarter of 2024 was primarily the result of the decreased level of pretax income. The higher level of income tax expense for the third quarter of 2024 as compared to the third quarter of 2023 was primarily the result of lower levels of anticipated investment tax credits in 2024 as compared to the prior year.

    Conference Call

    Live Oak will host a conference call to discuss the Company’s financial results and business outlook tomorrow, October 24, 2024, at 9:00 a.m. ET. The call will be accessible by telephone and webcast using Conference ID: 04478. A supplementary slide presentation will be posted to the website prior to the event, and a replay will be available for 12 months following the event. The conference call details are as follows:

    Live Telephone Dial-In

    U.S.: 800.549.8228
    International: +1 646.564.2877
    Pass Code: None Required

    Live Webcast Log-In

    Webcast Link: investor.liveoakbank.com
    Registration: Name and Email Required
    Multi-Factor Code: Provided After Registration

    Important Note Regarding Forward-Looking Statements

    Statements in this press release that are based on other than historical data or that express the Company’s plans or expectations regarding future events or determinations are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Statements based on historical data are not intended and should not be understood to indicate the Company’s expectations regarding future events. Forward-looking statements provide current expectations or forecasts of future events or determinations. These forward-looking statements are not guarantees of future performance or determinations, nor should they be relied upon as representing management’s views as of any subsequent date. Forward-looking statements involve significant risks and uncertainties, and actual results may differ materially from those presented, either expressed or implied, in this press release. Factors that could cause actual results to differ materially from those expressed in the forward-looking statements include changes in Small Business Administration (“SBA”) rules, regulations or loan products, including the Section 7(a) program, changes in SBA standard operating procedures or changes in Live Oak Banking Company’s status as an SBA Preferred Lender; changes in rules, regulations or procedures for other government loan programs, including those of the United States Department of Agriculture; the impacts of global health crises and pandemics, such as the Coronavirus Disease 2019 (COVID-19) pandemic, on trade (including supply chains and export levels), travel, employee productivity and other economic activities that may have a destabilizing and negative effect on financial markets, economic activity and customer behavior; adverse developments in the banking industry highlighted by high-profile bank failures and the potential impact of such developments on customer confidence, liquidity, and regulatory responses to these developments; a reduction in or the termination of the Company’s ability to use the technology-based platform that is critical to the success of its business model, including a failure in or a breach of operational or security systems or those of its third-party service providers; technological risks and developments, including cyber threats, attacks, or events; competition from other lenders; the Company’s ability to attract and retain key personnel; market and economic conditions and the associated impact on the Company; operational, liquidity and credit risks associated with the Company’s business; changes in political and economic conditions, including any prolonged U.S. government shutdown; the impact of heightened regulatory scrutiny of financial products and services and the Company’s ability to comply with regulatory requirements and expectations; a deterioration of the credit rating for U.S. long-term sovereign debt, actions that the U.S. government may take to avoid exceeding the debt ceiling, and uncertainties surrounding the debt ceiling and the federal budget; adverse results, including related fees and expenses, from pending or future lawsuits, government investigations or private actions; and the other factors discussed in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) and available at the SEC’s Internet site (http://www.sec.gov). Except as required by law, the Company specifically disclaims any obligation to update any factors or to publicly announce the result of revisions to any of the forward-looking statements included herein to reflect future events or developments.

    About Live Oak Bancshares, Inc.

    Live Oak Bancshares, Inc. (NYSE: LOB) is a financial holding company and the parent company of Live Oak Bank. Live Oak Bancshares and its subsidiaries partner with businesses that share a groundbreaking focus on service and technology to redefine banking. To learn more, visit www.liveoakbank.com.

    Contacts:

    Walter J. Phifer | CFO | Investor Relations | 910.202.6926
    Claire Parker | Corporate Communications | Media Relations | 910.597.1592

    Live Oak Bancshares, Inc.
    Quarterly Statements of Income (unaudited)
    (Dollars in thousands, except per share data)

      Three Months Ended   3Q 2024 Change vs.
      3Q 2024   2Q 2024   1Q 2024   4Q 2023   3Q 2023   2Q 2024   3Q 2023
    Interest income                     %   %
    Loans and fees on loans $ 192,170     $ 181,840     $ 176,010     $ 169,531     $ 162,722       5.7       18.1  
    Investment securities, taxable   9,750       9,219       8,954       8,746       8,701       5.8       12.1  
    Other interest earning assets   7,016       7,389       7,456       8,259       9,188       (5.0 )     (23.6 )
    Total interest income   208,936       198,448       192,420       186,536       180,611       5.3       15.7  
    Interest expense                          
    Deposits   110,174       105,358       101,998       96,695       90,914       4.6       21.2  
    Borrowings   1,762       1,770       311       265       287       (0.5 )     513.9  
    Total interest expense   111,936       107,128       102,309       96,960       91,201       4.5       22.7  
    Net interest income   97,000       91,320       90,111       89,576       89,410       6.2       8.5  
    Provision for credit losses   34,502       11,765       16,364       8,995       10,279       193.3       235.7  
    Net interest income after provision for credit losses   62,498       79,555       73,747       80,581       79,131       (21.4 )     (21.0 )
    Noninterest income                          
    Loan servicing revenue   8,040       7,347       7,624       7,342       6,990       9.4       15.0  
    Loan servicing asset revaluation   (4,207 )     (2,878 )     (2,744 )     (3,974 )     11,335       (46.2 )     (137.1 )
    Net gains on sales of loans   16,646       14,395       11,502       12,891       12,675       15.6       31.3  
    Net gain (loss) on loans accounted for under the fair value option   2,255       172       (219 )     (170 )     (568 )     1211.0       497.0  
    Equity method investments (loss) income   (1,393 )     (1,767 )     (5,022 )     47       (1,034 )     21.2       (34.7 )
    Equity security investments gains (losses), net   909       161       (529 )     (384 )     (783 )     464.6       216.1  
    Lease income   2,424       2,423       2,453       2,439       2,498       —       (3.0 )
    Management fee income   1,116       3,271       3,271       3,309       3,277       (65.9 )     (65.9 )
    Other noninterest income   7,142       11,035       9,761       8,607       3,501       (35.3 )     104.0  
    Total noninterest income   32,932       34,159       26,097       30,107       37,891       (3.6 )     (13.1 )
    Noninterest expense                          
    Salaries and employee benefits   44,524       46,255       47,275       44,274       42,947       (3.7 )     3.7  
    Travel expense   2,344       2,328       2,438       1,544       2,197       0.7       6.7  
    Professional services expense   3,287       3,061       1,878       3,052       1,762       7.4       86.5  
    Advertising and marketing expense   2,473       3,004       3,692       2,501       3,446       (17.7 )     (28.2 )
    Occupancy expense   2,807       2,388       2,247       2,231       2,129       17.5       31.8  
    Technology expense   9,081       7,996       7,723       8,402       7,722       13.6       17.6  
    Equipment expense   3,472       3,511       3,074       3,480       3,676       (1.1 )     (5.5 )
    Other loan origination and maintenance expense   4,872       3,659       3,911       3,937       3,498       33.2       39.3  
    Renewable energy tax credit investment impairment (recovery)   115       170       (927 )     14,575       —       (32.4 )     100.0  
    FDIC insurance   1,933       2,649       3,200       4,091       4,115       (27.0 )     (53.0 )
    Other expense   2,681       2,635       3,226       5,117       2,770       1.7       (3.2 )
    Total noninterest expense   77,589       77,656       77,737       93,204       74,262       (0.1 )     4.5  
    Income before taxes   17,841       36,058       22,107       17,484       42,760       (50.5 )     (58.3 )
    Income tax expense (benefit)   4,816       9,095       (5,479 )     1,321       2,967       (47.0 )     62.3  
    Net income $ 13,025     $ 26,963     $ 27,586     $ 16,163     $ 39,793       (51.7 )     (67.3 )
    Earnings per share                          
    Basic $ 0.28     $ 0.60     $ 0.62     $ 0.36     $ 0.89       (53.3 )     (68.5 )
    Diluted $ 0.28     $ 0.59     $ 0.60     $ 0.36     $ 0.88       (52.5 )     (68.2 )
    Weighted average shares outstanding                          
    Basic   45,073,482       44,974,942       44,762,308       44,516,646       44,408,997          
    Diluted   45,953,947       45,525,082       45,641,210       45,306,506       45,268,745          

    Live Oak Bancshares, Inc.
    Quarterly Balance Sheets (unaudited)
    (Dollars in thousands)

      As of the quarter ended   3Q 2024 Change vs.
      3Q 2024   2Q 2024   1Q 2024   4Q 2023   3Q 2023   2Q 2024   3Q 2023
    Assets                     %   %
    Cash and due from banks $ 666,585     $ 615,449     $ 597,394     $ 582,540     $ 534,774       8.3       24.6  
    Certificates of deposit with other banks   250       250       250       250       3,750       —       (93.3 )
    Investment securities available-for-sale   1,233,466       1,151,195       1,120,622       1,126,160       1,099,878       7.1       12.1  
    Loans held for sale   359,977       363,632       310,749       387,037       572,604       (1.0 )     (37.1 )
    Loans and leases held for investment(1)   9,831,891       9,172,134       8,912,561       8,633,847       8,202,631       7.2       19.9  
    Allowance for credit losses on loans and leases   (168,737 )     (137,867 )     (139,041 )     (125,840 )     (121,273 )     (22.4 )     (39.1 )
    Net loans and leases   9,663,154       9,034,267       8,773,520       8,508,007       8,081,358       7.0       19.6  
    Premises and equipment, net   267,032       267,864       258,071       257,881       258,041       (0.3 )     3.5  
    Foreclosed assets   8,015       8,015       8,561       6,481       6,701       —       19.6  
    Servicing assets   52,553       51,528       49,343       48,591       47,127       2.0       11.5  
    Other assets   356,314       376,370       387,059       354,476       346,227       (5.3 )     2.9  
    Total assets $ 12,607,346     $ 11,868,570     $ 11,505,569     $ 11,271,423     $ 10,950,460       6.2       15.1  
    Liabilities and shareholders’ equity                          
    Liabilities                          
    Deposits:                          
    Noninterest-bearing $ 258,844     $ 264,013     $ 226,668     $ 259,270     $ 239,536       (2.0 )     8.1  
    Interest-bearing   11,141,703       10,443,018       10,156,693       10,015,749       9,764,106       6.7       14.1  
    Total deposits   11,400,547       10,707,031       10,383,361       10,275,019       10,003,642       6.5       14.0  
    Borrowings   115,371       117,745       120,242       23,354       25,847       (2.0 )     346.4  
    Other liabilities   83,672       82,745       74,248       70,384       70,603       1.1       18.5  
    Total liabilities   11,599,590       10,907,521       10,577,851       10,368,757       10,100,092       6.3       14.8  
    Shareholders’ equity                          
    Preferred stock, no par value, 1,000,000 shares authorized, none issued or outstanding   —       —       —       —       —       —       —  
    Class A common stock (voting)   361,925       356,381       349,648       344,568       340,929       1.6       6.2  
    Class B common stock (non-voting)   —       —       —       —       —       —       —  
    Retained earnings   707,026       695,172       669,307       642,817       627,759       1.7       12.6  
    Accumulated other comprehensive loss   (61,195 )     (90,504 )     (91,237 )     (84,719 )     (118,320 )     32.4       48.3  
    Total shareholders’ equity   1,007,756       961,049       927,718       902,666       850,368       4.9       18.5  
    Total liabilities and shareholders’ equity $ 12,607,346     $ 11,868,570     $ 11,505,569     $ 11,271,423     $ 10,950,460       6.2       15.1  

    (1) Includes $343.4 million, $363.0 million, $379.2 million, $388.0 million and $410.1 million measured at fair value for the quarters ended September 30, 2024, June 30, 2024, March 31, 2024, December 31, 2023, and September 30, 2023, respectively.

     

    Live Oak Bancshares, Inc.
    Statements of Income (unaudited)
    (Dollars in thousands, except per share data)

      Nine Months Ended
      September 30, 2024   September 30, 2023
    Interest income      
    Loans and fees on loans $ 550,020     $ 454,136  
    Investment securities, taxable   27,923       24,751  
    Other interest earning assets   21,861       22,852  
    Total interest income   599,804       501,739  
    Interest expense      
    Deposits   317,530       243,512  
    Borrowings   3,843       2,498  
    Total interest expense   321,373       246,010  
    Net interest income   278,431       255,729  
    Provision for credit losses   62,631       42,328  
    Net interest income after provision for credit losses   215,800       213,401  
    Noninterest income      
    Loan servicing revenue   23,011       20,057  
    Loan servicing asset revaluation   (9,829 )     8,860  
    Net gains on sales of loans   42,543       33,654  
    Net gain (loss) on loans accounted for under the fair value option   2,208       (3,369 )
    Equity method investments (loss) income   (8,182 )     (6,041 )
    Equity security investments gain (losses), net   541       (585 )
    Lease income   7,300       7,568  
    Management fee income   7,658       10,015  
    Other noninterest income   27,938       11,467  
    Total noninterest income   93,188       81,626  
    Noninterest expense      
    Salaries and employee benefits   138,054       130,778  
    Travel expense   7,110       7,378  
    Professional services expense   8,226       4,685  
    Advertising and marketing expense   9,169       10,058  
    Occupancy expense   7,442       6,259  
    Technology expense   24,800       23,456  
    Equipment expense   10,057       11,517  
    Other loan origination and maintenance expense   12,442       10,867  
    Renewable energy tax credit investment (recovery) impairment   (642 )     69  
    FDIC insurance   7,782       12,579  
    Other expense   8,542       12,035  
    Total noninterest expense   232,982       229,681  
    Income before taxes   76,006       65,346  
    Income tax expense   8,432       7,611  
    Net income $ 67,574     $ 57,735  
    Earnings per share      
    Basic $ 1.50     $ 1.30  
    Diluted $ 1.48     $ 1.28  
    Weighted average shares outstanding      
    Basic   44,937,409       44,298,798  
    Diluted   45,707,245       45,023,739  

    Live Oak Bancshares, Inc.
    Quarterly Selected Financial Data
    (Dollars in thousands, except per share data)

      As of and for the three months ended
      3Q 2024   2Q 2024   1Q 2024   4Q 2023   3Q 2023
    Income Statement Data                  
    Net income $ 13,025     $ 26,963     $ 27,586     $ 16,163     $ 39,793  
    Per Common Share                  
    Net income, diluted $ 0.28     $ 0.59     $ 0.60     $ 0.36     $ 0.88  
    Dividends declared   0.03       0.03       0.03       0.03       0.03  
    Book value   22.32       21.35       20.64       20.23       19.12  
    Tangible book value(1)   22.24       21.28       20.57       20.15       19.04  
    Performance Ratios                  
    Return on average assets (annualized)   0.43 %     0.93 %     0.98 %     0.58 %     1.46 %
    Return on average equity (annualized)   5.21       11.39       11.93       7.36       18.68  
    Net interest margin   3.33       3.28       3.33       3.32       3.37  
    Efficiency ratio(1)   59.72       61.89       66.89       77.88       58.34  
    Noninterest income to total revenue   25.35       27.22       22.46       25.16       29.76  
    Selected Loan Metrics                  
    Loans and leases originated $ 1,757,856     $ 1,171,141     $ 805,129     $ 981,703     $ 1,073,255  
    Outstanding balance of sold loans serviced   4,452,750       4,292,857       4,329,097       4,238,328       4,028,575  
    Asset Quality Ratios                  
    Allowance for credit losses to loans and leases held for investment(3)   1.78 %     1.57 %     1.63 %     1.53 %     1.56 %
    Net charge-offs(3) $ 1,710     $ 8,253     $ 3,163     $ 4,428     $ 9,122  
    Net charge-offs to average loans and leases held for investment(2) (3)   0.08 %     0.38 %     0.15 %     0.22 %     0.48 %
                       
    Nonperforming loans and leases at historical cost(3)                  
    Unguaranteed $ 49,398     $ 37,340     $ 43,117     $ 39,285     $ 33,255  
    Guaranteed   166,177       122,752       105,351       95,678       65,837  
    Total   215,575       160,092       148,468       134,963       99,092  
    Unguaranteed nonperforming historical cost loans and leases, to loans and leases held for investment(3)   0.52 %     0.42 %     0.51 %     0.48 %     0.43 %
                       
    Nonperforming loans at fair value(4)                  
    Unguaranteed $ 8,672     $ 9,590     $ 7,942     $ 7,230     $ 6,518  
    Guaranteed   49,822       51,570       47,620       41,244       39,378  
    Total   58,494       61,160       55,562       48,474       45,896  
    Unguaranteed nonperforming fair value loans to fair value loans held for investment(4)   2.53 %     2.64 %     2.09 %     1.86 %     1.59 %
                       
    Capital Ratios                  
    Common equity tier 1 capital (to risk-weighted assets)   11.19 %     11.85 %     11.89 %     11.73 %     11.63 %
    Tier 1 leverage capital (to average assets)   8.60       8.71       8.69       8.58       8.56  

    Notes to Quarterly Selected Financial Data
    (1) See accompanying GAAP to Non-GAAP Reconciliation.
    (2) Quarterly net charge-offs as a percentage of quarterly average loans and leases held for investment, annualized.
    (3) Loans and leases at historical cost only (excludes loans measured at fair value).
    (4) Loans accounted for under the fair value option only (excludes loans and leases carried at historical cost).

    Live Oak Bancshares, Inc.
    Quarterly Average Balances and Net Interest Margin
    (Dollars in thousands)

      Three Months Ended
    September 30, 2024
      Three Months Ended
    June 30, 2024
      Average Balance   Interest   Average Yield/Rate   Average Balance   Interest   Average Yield/Rate
    Interest-earning assets:                      
    Interest-earning balances in other banks $ 519,340     $ 7,016       5.37 %   $ 555,570     $ 7,389       5.35 %
    Investment securities   1,287,410       9,750       3.01       1,263,675       9,219       2.93  
    Loans held for sale   409,902       9,859       9.57       387,824       9,329       9.67  
    Loans and leases held for investment(1)   9,354,522       182,311       7.75       8,997,164       172,511       7.71  
    Total interest-earning assets   11,571,174       208,936       7.18       11,204,233       198,448       7.12  
    Less: Allowance for credit losses on loans and leases   (137,285 )             (136,668 )        
    Noninterest-earning assets   567,098               562,488          
    Total assets $ 12,000,987             $ 11,630,053          
    Interest-bearing liabilities:                      
    Interest-bearing checking $ 350,239     $ 4,892       5.56 %   $ 304,505     $ 4,267       5.64 %
    Savings   5,043,930       51,516       4.06       4,804,037       48,617       4.07  
    Money market accounts   134,481       190       0.56       128,625       186       0.58  
    Certificates of deposit   5,028,830       53,576       4.24       5,032,856       52,288       4.18  
    Total deposits   10,557,480       110,174       4.15       10,270,023       105,358       4.13  
    Borrowings   116,925       1,762       6.00       119,321       1,770       5.97  
    Total interest-bearing liabilities   10,674,405       111,936       4.17       10,389,344       107,128       4.15  
    Noninterest-bearing deposits   237,387               223,026          
    Noninterest-bearing liabilities   90,079               70,667          
    Shareholders’ equity   999,116               947,016          
    Total liabilities and shareholders’ equity $ 12,000,987             $ 11,630,053          
    Net interest income and interest rate spread     $ 97,000       3.01 %       $ 91,320       2.97 %
    Net interest margin           3.33               3.28  
    Ratio of average interest-earning assets to average interest-bearing liabilities           108.40 %             107.84 %

    (1) Average loan and lease balances include non-accruing loans and leases.

    Live Oak Bancshares, Inc.
    GAAP to Non-GAAP Reconciliation
    (Dollars in thousands)

      As of and for the three months ended
      3Q 2024   2Q 2024   1Q 2024   4Q 2023   3Q 2023
    Total shareholders’ equity $ 1,007,756     $ 961,049     $ 927,718     $ 902,666     $ 850,368  
    Less:                  
    Goodwill   1,797       1,797       1,797       1,797       1,797  
    Other intangible assets   1,606       1,644       1,682       1,721       1,759  
    Tangible shareholders’ equity (a) $ 1,004,353     $ 957,608     $ 924,239     $ 899,148     $ 846,812  
    Shares outstanding (c)   45,151,691       45,003,856       44,938,673       44,617,673       44,480,215  
    Total assets $ 12,607,346     $ 11,868,570     $ 11,505,569     $ 11,271,423     $ 10,950,460  
    Less:                  
    Goodwill   1,797       1,797       1,797       1,797       1,797  
    Other intangible assets   1,606       1,644       1,682       1,721       1,759  
    Tangible assets (b) $ 12,603,943     $ 11,865,129     $ 11,502,090     $ 11,267,905     $ 10,946,904  
    Tangible shareholders’ equity to tangible assets (a/b)   7.97 %     8.07 %     8.04 %     7.98 %     7.74 %
    Tangible book value per share (a/c) $ 22.24     $ 21.28     $ 20.57     $ 20.15     $ 19.04  
    Efficiency ratio:                  
    Noninterest expense (d) $ 77,589     $ 77,656     $ 77,737     $ 93,204     $ 74,262  
    Net interest income   97,000       91,320       90,111       89,576       89,410  
    Noninterest income   32,932       34,159       26,097       30,107       37,891  
    Total revenue (e) $ 129,932     $ 125,479     $ 116,208     $ 119,683     $ 127,301  
    Efficiency ratio (d/e)   59.72 %     61.89 %     66.89 %     77.88 %     58.34 %
    Pre-provision net revenue (e-d) $ 52,343     $ 47,823     $ 38,471     $ 26,479     $ 53,039  
                                           

    This press release presents non-GAAP financial measures. The adjustments to reconcile from the non-GAAP financial measures to the applicable GAAP financial measure are included where applicable in financial results presented in accordance with GAAP. The Company considers these adjustments to be relevant to ongoing operating results. The Company believes that excluding the amounts associated with these adjustments to present the non-GAAP financial measures provides a meaningful base for period-to-period comparisons, which will assist regulators, investors, and analysts in analyzing the operating results or financial position of the Company. The non-GAAP financial measures are used by management to assess the performance of the Company’s business, for presentations of Company performance to investors, and for other reasons as may be requested by investors and analysts. The Company further believes that presenting the non-GAAP financial measures will permit investors and analysts to assess the performance of the Company on the same basis as that applied by management. Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. Although non-GAAP financial measures are frequently used by shareholders to evaluate a company, they have limitations as an analytical tool and should not be considered in isolation or as a substitute for analysis of results reported under GAAP.

    The MIL Network –

    January 25, 2025
  • MIL-OSI USA: Brownley, Schneider, Kildee Introduce Legislation to Expand Sustainable Aviation Fuel Production and Reduce Carbon Emissions

    Source: United States House of Representatives – Julia Brownley (D-CA)

    Washington, DC – Today, Congresswoman Julia Brownley (CA-26), Congressman Brad Schneider (IL-10), and Congressman Dan Kildee (MI-08) announced the introduction of the Expanding Clean Fuel Production Act, a bill that would extend the clean fuel production tax credit, also known as Section 45z, of the Inflation Reduction Act for 10 years. The Inflation Reduction Act created the clean fuel production credit (CFPC) for transportation fuel with zero or low greenhouse gas emissions, including sustainable aviation fuel (SAF). This credit currently expires at the end of 2027. 

    “The 45z tax credit has been critical in helping to ramp up U.S. production of sustainable aviation fuel,” said Congresswoman Brownley. “However, we need to extend the credit long-term to provide market certainty and to ensure a safe and reliable supply of SAF to meet the needs of the aviation industry. I appreciate Congressman Schneider and Congressman Kildee’s partnership on this bill, and I look forward to working with stakeholders in the environmental, energy, and aviation community to extend the 45z credit and promote U.S. investment in this critical domestic fuel source.” 

    “I’m proud to introduce this legislation with Reps. Kildee and Brownley to extend the SAF credit, boost production of clean fuels and position the U.S. as a global leader in production and use of sustainable fuels,” said Congressman Schneider. “A ten-year extension would allow for sustained investment in production to accelerate the transition to cleaner fuels and to significantly cut greenhouse gas emissions from the aviation industry, in particular. We are already seeing the impact of the Inflation Reduction Act’s investments on U.S. production of sustainable fuels.” 

    “In my home state of Michigan, we have already seen the harmful effects of climate change on our Great Lakes,” said Congressman Kildee. “This legislation will help us continue producing clean energy and fuels here in the United States, to help create good paying jobs, provide new markets to Michigan farmers, and reduce carbon emissions from airplanes and other vehicles.”

    “As the leading U.S. airline in SAF use and advocacy, we know that extending incentives for U.S. SAF producers by a full ten years is a necessary first step to grow the industry,” said Lauren Riley, Chief Sustainability Officer for United Airlines. “The continued leadership of Representatives Schneider, Kildee and Brownley is helping to assure U.S. competitiveness in SAF and clean fuels, while boosting U.S. agricultural producers and rural communities. We look forward to working with Representatives Schneider, Kildee and Brownley and their colleagues on both sides of the aisle to ensure that this tax credit is both extended and enhanced in a way that will maximize investment in SAF and other clean, low-carbon fuels.” 

    “Sustainable Aviation Fuel (SAF) is the single most important method to decarbonize aviation in the coming decades, and LanzaJet applauds the leadership of Representatives Schneider, Kildee, and Brownley in advancing SAF tax incentives that will catalyze domestic investment in this critical sector,” said Jimmy Samartzis, LanzaJet CEO. “As the original sponsors of the IRA’s SAF Blender’s Tax Credit via the Sustainable Skies Act, Reps Schneider, Kildee, and Brownley continue to lay the foundation for a vibrant U.S. SAF industry by providing for ten years of policy certainty for domestic SAF producers via this important bill.  We look forward to continuing to work with Representatives Schneider, Kildee, and Brownley to develop policy proposals that will both extend and enhance the IRA’s short term SAF tax credits and enable achievement of the goals of the SAF Grand Challenge.”   

    “We applaud Representative Schneider and his colleagues Representatives Kildee and Brownley for their efforts to extend incentives for SAF,” said Alison Graab, Executive Director of the SAF Coalition. “We look forward to working with them on both an extension as well as enhancing and strengthening the incentive. Advancing sustainable aviation fuel demonstrates a clear commitment to the environmental and economic promises SAF holds, and incentives that are durable and attract investment are essential to unlocking that potential and driving the progress needed to sustain and grow the SAF industry.”

    The Inflation Reduction Act (IRA) of 2022 enacted a tax credit for the production of SAF, aiming to halve carbon emissions in the aviation sector. The credit was inspired by a SAF credit included in the Sustainable Skies Act, which Congresswoman Brownley authored with Representatives Schneider and Kildee in 2021. 

    ###

    Issues: 118th Congress, Climate Crisis, Energy and Environment, Transportation and Infrastructure

    MIL OSI USA News –

    January 25, 2025
  • MIL-OSI Security: Florida Man Sentenced to Federal Prison for Aggravated Identity Theft and Wire Fraud

    Source: Office of United States Attorneys

                Montgomery, Ala. – Today, Acting United States Attorney Kevin Davidson announced the sentencing of a Palm Bay, Florida man to 70 months in prison for using a fake identity to purchase a vehicle. On October 21, 2024, a federal judge sentenced 39-year-old Anthony Vila to 70 months in prison. In addition to the prison sentence, the judge also ordered that Vila serve three years of supervised release following his prison term. There is no parole in the federal system.

               According to his plea agreement and other court records, in early August of 2022, Vila contacted a salesman at a Prattville, Alabama car dealership via electronic communications regarding the purchase of a vehicle valued at $45,000. After being denied financing, Vila sent the personal identifying information of someone he claimed to be his aunt to be used by the dealership as a co-signor on the loan. The information included a copy of the co-signor’s driver’s license and a pay stub. However, both documents were counterfeit. Vila also provided a date of birth and social security number for his alleged co-signor and had an unknown female claiming to be his aunt speak to the dealership over the phone. The $45,000 loan was eventually approved. The individual that Vila falsely claimed to be his aunt had no knowledge of the transaction and had not given permission for her personal information to be used.

                On August 4, 2022, Vila picked up the vehicle from the dealership. Vila was apprehended with the vehicle a few days later in Montgomery. During a search of the vehicle, investigators found a laptop, printer, holograms, phone, firearm, and other items commonly used to commit identity theft. The phone contained over 100 stolen identities. The laptop contained evidence of the vehicle purchase described above. Vila pleaded guilty to wire fraud and aggravated identity theft on June 7, 2024. 

                The Federal Bureau of Investigation and Montgomery Police Department investigated this case. Assistant United States Attorney J. Patrick Lamb prosecuted the case. 

    MIL Security OSI –

    January 25, 2025
  • MIL-OSI New Zealand: First RMA Amendment Bill passes third reading

    Source: New Zealand Government

    The coalition Government’s Resource Management (Freshwater and Other Matters) Amendment Bill has passed its third reading in Parliament, delivering on the Government’s commitment to improve resource management laws and give greater certainty to councils and consent applicants, RMA Reform Minister Chris Bishop, Agriculture Minister Todd McClay, Environment Minister Penny Simmonds and Associate Minister for the Environment Andrew Hoggard say.

    “Our RMA Reform programme is happening in three phases. We repealed the previous government’s excessively complicated reforms through Phase One before Christmas last year. Now in Phase Two we’re implementing a one-stop-shop fast-track consenting regime, legislating for a raft of ‘quick fixes’ to the interim RMA through two Amendment Bills and a suite of changes to national direction, and then in Phase Three we’ll fully replace the RMA with a new regime guided by private property rights,” Mr Bishop says.

    “This first Amendment Bill is focused on targeted changes that can take effect quickly and give certainty to councils and consent applicants, while new legislation to replace the RMA is developed,” Ms Simmonds says.

    “Farming, mining and other primary industries are critical to rebuilding the New Zealand economy. This Bill reduces the regulatory burden on resource consent applicants and supports development in these key sectors,” Mr McClay says.

    The Bill makes several changes to the Resource Management Act and national direction.

    The Bill:

    • clarifies that resource consent applicants no longer need to demonstrate their proposed activities follow the Te Mana o te Wai hierarchy of obligations, as set out in the National Policy Statement for Freshwater Management (NPS-FM).
    • amends stock exclusion regulations in relation to sloped land.
    • repeals the permitted and restricted discretionary intensive winter grazing regulations and replaces these with new regulations relating to critical source areas and riparian setbacks
    • aligns the consenting pathway for coal mining with the pathway for other extractive activities across the National Policy Statement for Indigenous Biodiversity (NPS-IB), NPS-FM, and the National Environmental Standards for Freshwater (NES-F).
    • suspends the requirement for councils to identify new Significant Natural Areas (SNAs) in accordance with the NPS-IB for three years, to give enough time for a thorough review of how they operate.
    • streamlines the process for preparing national direction under the RMA
    • clarifies councils’ ability to consent discharges where consent conditions will reduce effects over time
    • pauses the roll out of Freshwater Farm Plans across the country
    • restricts councils’ ability to notify new freshwater plans from 22 October 2024 until the gazettal of the replacement National Policy Statement for Freshwater Management (NPS-FM).

    Agriculture Minister Todd McClay says improving primary sector profitability is key to boosting our largest exporting sector. Regulations need to be fit-for-purpose and not place unnecessary compliance costs on farmers and growers. 

    “By removing the need for resource consent applicants to demonstrate that their activities follow the hierarchy of obligations, we’ve cut an unnecessary compliance burden and are reducing costs faced by farmers and growers,” Mr McClay says.

    “The changes to stock exclusion and winter grazing regulations represent a move to a more risk-based, catchment-focussed approach.

    “We’ve removed the low slope map and will let regional councils and individual farmers determine where stock need to be excluded, based on risk. The focus is on farm-level and regionally suitable solutions. 

    “Regional councils tell us there has been a significant improvement in winter grazing practices, with farmers changing where they plant fodder crops and how they manage winter grazing.

    “Importantly, non-regulatory measures are already in place to support the continued improvement of winter grazing practices going forward.” Mr McClay says.

    Associate Environment Minister Andrew Hoggard says freshwater farm plans are an essential for managing freshwater risks. 

    “The intention is that freshwater farm plans will provide an effective way to manage the impacts of farming activities on freshwater, including winter grazing and stock exclusion, in a risk-based and practical way.

    “These changes will help bring efficiencies to a system that was too complex. The Government has worked at pace to simplify and improve the freshwater farm plan system. We have delivered for farmers and growers.”

    The Resource Management (Freshwater and Other Matters) Amendment Bill will come into force the day after it receives Royal Assent.

    MIL OSI New Zealand News –

    January 25, 2025
  • MIL-OSI USA: REPS. BISHOP, SCOTT, AND BROWN HIGHLIGHT FARM BILL IN SUMTER COUNTY

    Source: United States House of Representatives – Congressman Sanford D Bishop Jr (GA-02)

    LESLIE, Ga. – On Monday, Congressman Sanford D. Bishop, Jr. (GA-02) – the top Democrat on the U.S. House Appropriations Agriculture Subcommittee as well as a member of the U.S. House Agriculture Committee – visited Minor Brothers Farms in Sumter County to discuss the Farm Bill. He was joined by Congressman Austin Scott (GA-08) and Congresswoman Shontel Brown (OH-11) who are the Republican and Democratic leaders of the U.S. House Agriculture Subcommittee on General Farm Commodities, Risk Management, and Credit.

    “Congressman Austin Scott, Congresswoman Shontel Brown, and I are working hard in Congress on a new Farm Bill,” said Congressman Bishop. “Meeting in the field with peanut and cotton farmers allowed us to hear from them and see, first-hand, the challenges they face producing the food and fiber that feeds America and clothes the world. We were able to have a frank, bipartisan conversation about the immediate need for economic assistance and swift passage of the Farm Bill as well as disaster relief our producers require following the recent hurricane.”

    “And of course, we were eager to join with them in discussing how Congress can provide urgent help,” added Congressman Bishop.

    Congressman Bishop noted it is important for Members of Congress from other areas of the country to visit America’s farmers and producers in places like Middle and Southwest Georgia so that they are armed with sufficient information to support agriculture in the Farm Bill and get the nation’s farmers and producers the resources that they need.

    “I appreciated the opportunity to visit Minor Brothers Farms in Sumter County with Congressman Bishop and Congressman Scott. My sincere thanks are extended to Congressman Bishop for welcoming me to his district to hear directly from peanut and cotton farmers. As a member of the House Committee on Agriculture, I will continue working with my colleagues to pass a Farm Bill that supports farmers and producers as well as people in need,” said Congresswoman Shontel Brown.

    Dick Minor, a Sumter County farmer, commented, “We were pleased to host Representatives Sanford Bishop, Austin Scott, and Shontel Brown this week at our farm. In addition to these Members of Congress, we had numerous agricultural organizations to participate in discussions involving the 2024 Farm Bill, agricultural economic assistance, H2A issues, and disaster relief for those that were impacted by Hurricane Helene. These Members hold senior positions for agricultural policy in the U.S. House of Representatives, and we appreciate their interest in bipartisan solutions to very important issues to the agricultural industry.”

    The Farm Bill is the definitive law that governs food and agriculture policy by authorizing federal programs important to farmers, producers, nutrition programs, the agriculture industry, and rural development.

    In May 2024, Congressman Bishop voted in support of the Farm Bill passed by the U.S. House Agriculture Committee. In September, he sent a letter to House and Senate leaders and to the House Agriculture Committee leadership urging them to set aside differences and commit to pass a Farm Bill before the end of this Congress.

    Among its many provisions, the bill increases reference prices for commodities and crop insurance payments to help stabilize income for farmers and protect them from market volatility. It also authorizes voluntary and locally led incentive-based conservation programs and global promotion of U.S. agriculture.

    House Republican leaders have not scheduled the Farm Bill for a vote. Some Republicans and Democrats have raised budgetary concerns about the bill and the U.S. Senate is working on its own version of the Farm Bill. Congressman Bishop remains committed to working towards a bipartisan bill this year that will get the full support of the U.S. Congress and that can be signed into law by President Biden.

    ###

    PHOTO CAPTION: Congressman Bishop (center) flanked by Congresswoman Shontel Brown of Ohio and Congressman Austin Scott from the neighboring Georgia’s 8th Congressional District visit Minor Brothers Farms in Leslie, GA.

    MIL OSI USA News –

    January 25, 2025
  • MIL-OSI Australia: SYD elevates international dining with contemporary mix of brands

    Source: Sydney Airport

    Thursday 24 October 2024

    Sydney Airport is excited to welcome new food and beverage brands at the T1 International terminal – EARL, BARista, East x West, and Sydney Coffee Trader offering travellers an array of high-quality dining options.

    Launching in December 2024, EARL – renowned as ‘the best in the sandwich-making business’ will bring its premium fast-casual dining experience to Sydney’s international stage.

    With dozens of sandwiches in their repertoire, alongside exclusive new combinations crafted for a Sydney-centric experience, passengers can also enjoy speciality beverages from EARL’s signature brew taps, featuring seasonal drinks like yuzu-spiked cold brew and matcha oat lattes.

    Founded 15 years ago in Melbourne by former Sydneysiders Simon O’Regan and Jackie Middleton, EARL marks a return to the city where their hospitality careers began. “Sydney has always been our ‘fun town’, a place we love to visit and enjoy with friends and family, said Simon and Jackie.

    “Opening EARL at Sydney Airport feels like a significant milestone in our journey, blending our passion for premium dining with a truly global audience.”

    The established and much-loved EARL is known for its focus on quality and sustainability, aligning perfectly with Sydney Airport’s commitment to providing exceptional and responsible dining options.

    Mark Zaouk, Group Executive Commercial at Sydney Airport, said: “We are continually innovating our food and beverage options to meet changing consumer tastes, elevating our wellbeing offering while keeping true to the fast-paced environment of our dining precincts.

    “The introduction of these new brands reflects our commitment to enhancing the passenger experience and offering a diverse and dynamic range of dining choices. We are excited to see how BARista, EARL, East x West and Sydney Coffee Trader will contribute to making Sydney Airport a destination in itself.”

    BARista will open its doors later in the month, offering international travellers a premium coffee experience alongside a selection of standout gourmet dishes including the Benedict Croissant, a signature cheeseburger and flavourful Katsu Sando (crispy chicken sandwich).

    For those after a quick bite before their flight, classic favourites like the BLT and bacon and egg roll will also be available, while the Hokkaido Tarts will delight anyone with a sweet tooth. Whether you’re after a caffeine fix or a hearty meal, BARista promises a fresh and satisfying dining experience.

    East x West, which is also set to open later this year, will offer a vibrant fusion of East Asian and Western culinary influences, perfectly reflecting its name. The venue will hero Ramen dishes accompanied by a sumptuous selection of spring rolls, dumplings, and handmade bao.

    Passengers looking for something lighter can enjoy crunchy lotus chips and edamame paired perfectly with Sapporo Premium Black on tap, a rare find in Australia and exclusive to the East x West brand. Adding to the unique experience, East x West will feature a dedicated mixologist crafting expertly made cocktails, along with a curated menu of Japanese whiskies and fine wines.

    Sydney Coffee Trader located within the bustling T1 International arrivals hall will showcase exceptional coffee in partnership with Seven Miles Coffee Roasters – a welcome sight for weary travellers. The menu highlights gourmet bagels loaded with fillings and oversized sandwiches complemented by freshly made salads and chia puddings. Whether travellers need a coffee pick-me-up or a wholesome meal, Sydney Coffee Trader offers the perfect blend of quality and convenience.

    “As a local roaster, we’re excited to be partnering with Sydney Coffee Trader in showcasing our city’s vibrant coffee culture. I think this venue perfectly combines a distinctive menu of locally sourced flavours with a unique coffee experience that travellers and guests are going to love,” says James Bailey, General Manager of Seven Miles Coffee Roasters.

    The new food offerings have been developed in partnership with Emirates Leisure Retail, who recently unveiled Gusto in the T1 International dining precinct which offers passengers a contemporary take on traditional Italian fare.

    Emirates Leisure Retail also expressed their enthusiasm about expanding their partnership with Sydney Airport.

    Davina Connell, Regional Director and General Manager ANZ Emirates Leisure Retail stated, “We are thrilled to build on our strong partnership with Sydney Airport as these diverse dining options are set to elevate the airport experience to new levels.

    “Whether you’re a coffee connoisseur in search of a smooth brew to rival your favourite local café, or ready to unwind with high-street-quality Asian-inspired dishes or a quick bite, there is something to satisfy every craving.

    “These new food brands represent a significant step forward in enhancing the airport’s culinary landscape, and we look forward to unveiling them in the coming months.”

    Images of new dining options at Sydney Airport can be found here.

    Notes to editor

    Menu highlights

    EARL – located in the T1 food court before security

    Handmade sandwiches and salads

    • The Pork Belly – free-range pork belly, apple, fennel and kale coleslaw
    • Harissa Lamb – slow cooked harissa rubbed lamb, quince, herb yoghurt, green beans and almonds
    • Mushroom and Ricotta – roast field mushrooms, ricotta, EARL salsa verde, chestnuts and rocket
    • Sydney-exclusive sandwich combinations
    • Signature brew taps with seasonal drinks such as yuzu-spiked cold brew, matcha oat lattes and Single Origin batch brews

    East x West – located in the T1 food court before security

    • Ramen
    • Handmade Bao
    • Spring Rolls
    • Dumplings
    • Crunchy Lotus Chips and Edamame
    • Sapporo Premium Black on tap along with other favourites
    • Japanese whiskies, fine wines and expertly crafted cocktails prepared by an in-house mixologist

    Sydney Coffee Trader – located in T1 Arrivals

    • Freshly brewed coffee
    • Loaded gourmet bagels
    • Oversized sandwiches
    • Fresh, healthy salads
    • Chia puddings

    BARista – located beyond security

    • Gourmet dishes from breakfast to classic favourites
    • Benedict Croissant
    • Katsu Sando (Chicken Sandwich)
    • BLT
    • Bacon and Egg Roll
    • Pastries including Hokkaido Tart
    • Specialty coffee

    MIL OSI News –

    January 25, 2025
  • MIL-OSI New Zealand: Greenpeace says Luxon rolling in the mud with Fed Farmers lobbyists

    Source: Greenpeace

    Greenpeace says Luxon must have been “rolling in the mud” with pro-pollution Federated Farmers lobbyists, as the Resource Management (Freshwater and Other Matters) Amendment Bill passed into law last night.
    Greenpeace spokesperson Will Appelbe says, “With such grievous weakening of freshwater protection in this bill, it’s clear that Luxon has been rolling in the mud with Federated Farmers lobbyists who are terrified of the possibility that the dairy industry will face consequences for polluting rivers and contaminating drinking water.”
    “Everyone, no matter where they live or who they voted for, deserves access to safe drinking water and should be able to go for a swim in their local lakes and rivers. But with the Resource Management Amendment Bill, this Government is taking away some of the only rules that protect fresh water.”
    The Bill will eliminate rules around intensive winter grazing and stock exclusions. It will remove local governments’ ability to use Te Mana o Te Wai – a policy that puts the health of freshwater ecosystems first, the health of people second, and commercial use of water last. In June, a Greenpeace OIA revealed that even the Department of Conservation had advised against the Bill on the grounds that it would make freshwater quality worse.
    This news comes hot on the heels of the Government’s announcement that they would make an additional last-minute amendment to the bill – after public consultation had finished – to prevent local councils from implementing stronger freshwater protections.
    “In his ongoing war on nature, Luxon is putting fresh water at risk and undermining local democracy because local governments are not adhering to his pro-pollution agenda,” says Appelbe.
    “It’s no coincidence that this latest amendment came the day before the Otago Regional Council planned to vote to proceed with their Land and Water Regional Plan, which would have set in place stronger and more ambitious freshwater protections.”
    More than twenty thousand people have signed a Greenpeace petition calling on the Government to leave the current freshwater protections in place, and Greenpeace says more resistance will come.
    “This move happened just a week after community members in the Central Hawke’s Bay gathered to voice their opposition to the Ruataniwha Dam – renamed the Tukituki water storage scheme – which will ruin an incredibly important braided river and flood 22 hectares of conservation land,” says Appelbe.
    “New Zealanders are not new to this fight, and together, we will protect fresh water. We value the lakes, rivers, and drinking water that Luxon’s government seeks to pollute.
    “Luxon is new to this job, and he may find he’s in for more than he’s bargained for. While he was CEO of Air New Zealand, Hawke’s Bay locals, Greenpeace and Forest & Bird campaigned relentlessly over many years to stop version one of the Ruataniwha Dam. That resolve remains even stronger now.”

    MIL OSI New Zealand News –

    January 25, 2025
  • MIL-OSI New Zealand: Business – The Sustainable Business Council celebrates 25 years of ambition and progress

    Source: Sustainable Business Council

    25 years ago, a group of business leaders with bold ambitions got together and put a stake in the ground on sustainability.
    The Sustainable Business Council (SBC) was first conceived in 1999 as a coalition of leading businesses with a mandate that reflected the era and a shared commitment to sustainable development.
    Current SBC Chair, Claire Walker, commented on the value of keeping an eye on the long game.
    “Reaching 25 years is something to celebrate. Over that time SBC has provided a place for business to learn, to forge powerful partnerships and to be challenged and stretch – the role it has played has adapted to different environments,” said Walker.
    Then known as the New Zealand Business Council for Sustainable Development (NZBCSD), the organisation was (and remains) the only NZ-based Global Network Partner of the World Business Council for Sustainable Development, headquartered in Geneva.
    The next significant era involved BusinessNZ, the peak body for New Zealand business, which in 2009 established a Sustainability Forum.
    SBC Executive Director Mike Burrell noted, “The idea was to provide a platform for companies wanting to define and lead sustainable business matters rather than simply respond to government-led initiatives.”
    Two years later, NZBCSD merged with the Sustainability Forum and became SBC.
    “Many current SBC members have been part of the membership since very early days – and the fact that we have stood the test of time is a credit to them,” said Burrell. “This includes Deloitte, Fonterra, Meridian, The Warehouse Group, Toyota NZ, and more.
    “Our focus now is on leadership, action on climate, nature, and thriving people. We support the fundamentals, advocate for change, and help broker large scale projects led by SBC member businesses who include some of the biggest organisations in New Zealand.”
    Significant milestones include the establishment of the Climate Leaders Coalition (CLC) – a CEO-led community of around 80 organisations leading the response to climate change. The combined emissions reduction achieved by current CLC signatories between signing up to the Coalition and November 2023 is 3.6 million tCO2e, a cumulative reduction of 29%.
    Another key achievement is the establishment of AgriZeroNZ, which began as an SBC-led collaboration and has gone on to become a world-first public-private partnership helping farmers reduce emissions, while maintaining profitability and productivity.
    “SBC member businesses have made big strides over the years, in terms of how they operate,” said Burrell.
    “The conversation has shifted a lot – from whether climate change is real, to the need to measure and report on an organisation’s operations, to levers for supporting sustainable decision making more broadly.”
    Sir Stephen Tindall, founder of The Warehouse Group and founding member of SBC also noted the shift since its formation.
    “When we set up the Sustainable Business Council we had no idea how much climate change would have advanced,” said Tindall.
    “Business needs to play its part along with bipartisan government to attempt to slow down global warming. We can only do this by working collaboratively with everybody to create a real ‘nationwide ambition’.”
    SBC will formally mark the milestone of 25 years with an Anniversary event at Parliament hosted by Minister of Climate Change, Simon Watts, on 22 October 2024.
    “Not only can businesses lead – it’s in our interests, and will mean New Zealand continues to achieve its potential over the next 25 years and beyond,” said Burrell.

    MIL OSI New Zealand News –

    January 25, 2025
  • MIL-OSI USA: Governor Kelly Announces $9M Investment for Drought Mitigation in Kansas – Governor of the State of Kansas

    Source: US State of Kansas

    TOPEKA – Governor Laura Kelly announced today that Kansas is receiving $9 million from the federal Inflation Reduction Act for two projects aimed at mitigating the impact of drought in Kansas.

    “Decades of over-appropriation and more frequent droughts have now put communities across Kansas in crisis,” Governor Laura Kelly said. “These projects will be instrumental in our work to increase our state’s water quality and quantity.”

    The Kansas Equus Beds Aquifer Recharge, Storage, and Recovery Project near Wichita will receive $7 million. This is a critical supply for more than 20% of municipal, industrial, and irrigation water users in Kansas.

    The Kansas Voluntary Agreements Program was selected to receive $2 million for the state-implemented Kansas Water Transition Assistance Program in either the Prairie Dog Creek or Rattlesnake Creek Basins.

    When fully implemented, the Equus project will recharge the Equus Beds Aquifer, providing water to Wichita at a rate of up to 100 million gallons per day through injection and infiltration of Little Arkansas River diversions into the aquifer in south-central Kansas. The Kansas Water Right Transition Assistance Program will conserve approximately 10,000 acre-feet by rotating temporary land fallowing or permanently retiring water rights.

    Governor Kelly advocated for federal water funding to be extended into Kansas to help family farms and ranches, small towns, and wildlife avoid the severe and potentially irreversible impacts of drought.

    Representative Sharice Davids voted for the Inflation Reduction Act and supported additional federal funding for these projects.

    “I’m glad to see resources from the Inflation Reduction Act coming home to Kansas,” said Representative Sharice Davids (KS-O3). “The ongoing effects of drought are a persistent threat across our state. This investment is a critical step to protect Kansans’ livelihoods, support the work our farmers do to feed the world and protect the economic security of towns across Kansas.”

    This announcement builds upon previous investments of almost $33 million from Bipartisan Infrastructure Law for aging infrastructure, water recycling, and WaterSMART projects in Kansas.

    The Inflation Reduction Act includes an overall $550 million for domestic water supply projects and $4 billion for water conservation and ecosystem projects in the Colorado River Basin and other areas experiencing similar levels of long-term drought. To date, U.S. Department of Interior’s Bureau of Reclamation has announced 222 drought mitigation and 16 domestic water supply projects from Inflation Reduction Act funding for a total of more than $2.5 billion.

    ###

    MIL OSI USA News –

    January 25, 2025
  • MIL-OSI Australia: Bill to strengthen puppy and dog welfare across New South Wales

    Source: New South Wales Government 2

    Headline: Bill to strengthen puppy and dog welfare across New South Wales

    Published: 24 October 2024

    Released by: Minister for Agriculture, Minister for Local Government


    The Minns Labor Government will today introduce a Bill to Parliament to strengthen puppy and dog welfare across the state by establishing clear guardrails and standards for dog breeders.

    Committed to during the election this legislation has been developed through close consultation with experts, industry and animal welfare advocates, to ensure community expectations are reflected in New South Wales laws.

    The Bill targets key risks to animal health and welfare associated with dog breeding practices that have been of concern for some time.  Changes under this Bill include:

    • Mandating that breeders must, for the first time, obtain a Breeder Identification Number through the NSW pet registry, enabling transparency of the sector and assisting people acquiring a puppy.
    • Setting a lifetime litter limit for fertile female adult dogs (those over 6 months old) to five natural litters or up to three caesarean litters, whichever occurs first.
    • Establishing a care standard of one staff carer for every 20 adult dogs ensuring sufficient care, food and water are provided.
    • Establishing a maximum cap of 20 fertile female dogs (over the age of six months) at any breeding premise.
    • A maximum penalty for individuals of $110,000, two years imprisonment or both and $550,000 for organisations will apply for breaches of this cap.

    This bill seeks to stop puppy farming by providing a robust and modernised regulatory system for all breeders to deliver good animal welfare without imposing undue regulatory burden on legitimate breeders.

    The Government is therefore enabling within the Bill that breeders with more than 20 fertile dogs will be able to apply for a limited exemption from this cap. This exemption will apply for ten years, giving breeders significant time to appropriately scale down their operations.

    Currently in New South Wales there has been no compulsory registration scheme for breeders and no restrictions on the number of breeding female dogs that a person or business can have, or the number of litters a female dog can produce in their lifetimes.

    Without these safeguards animal welfare has been jeopardised with unethical breeders in some instances establishing facilities of dozens or hundreds of dogs without providing essential care.

    The majority of the changes will come into effect from December 2025, allowing time for the Government to rollout an education campaign for breeders, dog owners and those considering acquiring a puppy.

    NSW Minister for Agriculture Tara Moriarty said:

    “With half of all households having a dog at home there is significant community concern about the welfare of these dogs as puppies, and about the practice of puppy farms.

    “Most breeders do the right thing, but there is a clear message from the community that large-scale, unregulated breeding practices are not acceptable, and breeders should be registered.

    “We came to Government with a commitment to clean up the sector and to enhance animal welfare because it means a lot to everyone in our community and for our dogs.

    “Our Bill ensures transparency, accountability, and appropriate animal welfare standards in all breeding operations across NSW.

    “This Bill is about stopping the bad apples of this industry while supporting good and professional people who prioritise the health and welfare of their animals.

    “These changes will be easy to understand for industry and will allow people to distinguish ethical breeders who promote responsible breeding practices from dodgy puppy farmers.

    Minister for Local Government Ron Hoenig said:

    “People expect that any dog purchased from a breeder has been treated well and has not been exploited by dishonest puppy farmers to turn a profit. 

    “This Bill applies a strict regulatory framework to provide the government with greater oversight to ensure all breeders are complying with animal welfare standards and community expectations.

    “All industry and animal welfare stakeholders agree that there is a need to clean out the bad actors and for better animal and customer protection against those few unethical breeders. That is what this Bill delivers.”

    Animal Welfare League NSW CEO Stephen Albin said:

    “The Animal Welfare League NSW strongly supports the Bill as it will crack down on breeders who are doing the wrong thing and improve animal welfare.

    “It also sets a new regulatory framework that will deliver higher standards in the breeding industry and give established breeders time to meet those standards.

    “We have seen a huge spike in breeding since COVID-19, with a big increase in dogs coming into the shelter, blowing out our waiting lists and making it extremely challenging to find new, loving homes for dogs, who are often just puppies.

    “Sadly, too many dogs are not finding a new home.

    “This Bill will help ease the pressure on our shelters and allow us to rehome dogs that have been surrendered or abandoned.”

    MIL OSI News –

    January 25, 2025
  • MIL-OSI Australia: 228-2024: Unplanned Outage: Thursday 24 October 2024 – External Broker Website

    Source: Australia Government Statements – Agriculture

    24 October 2024

    Who does this notice affect?

    Approved arrangements operators, customs brokers, importers, manned depots, and freight forwarders who use the External Broker Website.

    Information

    Start time: 

    As of: 10:30 Monday 21 October 2024 (AEDT).

    Detail:

    The External Broker Website is currently experiencing an unplanned outage.…

    MIL OSI News –

    January 25, 2025
  • MIL-OSI USA: Casey Delivers $24.1 Million to Lower Energy Costs for PA Farmers and Small Business Owners, Create Jobs

    US Senate News:

    Source: United States Senator for Pennsylvania Bob Casey
    Grants funded by Casey-backed Inflation Reduction Act
    112 projects across the Commonwealth are receiving more than $24.1 million from USDA
    Washington, D.C. – U.S. Senator Bob Casey (D-PA) secured a total of $24,116,492 in federal funds to lower energy costs for farmers and small businesses and expand access to clean energy, while creating jobs in rural communities. The 112 awards will help small businesses and farms across the Commonwealth implement cost-saving, clean, efficient energy systems on their properties. The funding comes from the U.S Department of Agriculture’s (USDA) Rural Energy for America (REAP) program, created by the Inflation Reduction Act, which Senator Casey fought to pass.
    “Thanks to the Inflation Reduction Act, we are delivering game-changing investments to the Commonwealth that will lower costs for farmers and small businesses, create good paying jobs, and protect our environment for generations to come,” said Senator Casey. “I will always fight for investments that support our Commonwealth’s farmers and small businesses and bring down energy cost for Pennsylvanians.”
    Click HERE to see a list of project recipients of the Inflation Reduction Act funding.

    MIL OSI USA News –

    January 25, 2025
  • MIL-OSI USA: October 23rd, 2024 Heinrich Cosponsors Legislation to Protect Medicare and Social Security for New Mexico’s Seniors

    US Senate News:

    Source: United States Senator for New Mexico Martin Heinrich
    WASHINGTON — U.S. Senator Martin Heinrich (D-N.M.) cosponsored the Medicare and Social Security Fair Share Act, legislation that will ensure the long-term solvency of Medicare and Social Security by reversing inequities in the tax system so that high earners contribute a fairer share. 
    “Medicare and Social Security are benefits that New Mexicans have earned over a lifetime of hard work. I’m proud to support this legislation to protect these bedrock programs for New Mexicans by making the ultrawealthy pay their fair share,” said Heinrich.
    Nearly 40% of seniors rely on Social Security for the majority of their incomes – benefits they have earned that let them retire with dignity. Medicare protects its over 60 million beneficiaries, one in five of whom have less than $15,000 in savings, from potentially catastrophic health care costs.
    Despite their bedrock importance, these programs are both at risk of not being able to fully pay out benefits within the next 15 years. Without new revenue, the Hospital Insurance Trust Fund and the Old Age and Survivors Insurance Trust Fund are expected to become insolvent in 2028 and 2033, respectively.
    The Medicare and Social Security Fair Share Act will increase funding for the Social Security and Medicare trust funds by extending the payroll tax on wages, self-employment income, and investment income to taxpayers making over $400,000. The legislation also applies a payroll tax on the pass-through business income, like hedge funds and private equity firms, of taxpayers earning more than $400,000, which will eliminate the classification of earned income as distributed business profits that is currently a major loophole. By applying these two provisions, we can extend Social Security solvency indefinitely and extend Medicare solvency by an estimated 20 years.
    The Medicare and Social Security Fair Share Act is led by U.S. Senator Sheldon Whitehouse (D-R.I.). Alongside Heinrich, the legislation is cosponsored by U.S. Senators Kirsten Gillibrand (D-N.Y.), Chris Van Hollen (D-Md.), and Amy Klobuchar (D-Minn). The bill is led in the House by U.S. Representative Brendan F. Boyle (D-Pa.).
    The bill is endorsed by the Alliance for Retired Americans; American Federation of Government Employees; American Federation of Labor and Congress of Industrial Organizations; American Federation of State, County and Municipal Employees; American Federation of Teachers; Americans for Tax Fairness; Center for Medicare Advocacy; Committee for a Responsible Federal Budget; Communications Workers of America; Doctors for America; Families USA; Groundwork Collaborative; International Federation of Professional and Technical Engineers; Main Street Alliance; Mary’s Center; National Committee to Preserve Social Security and Medicare; National Council on Aging; National Education Association; NETWORK Lobby for Catholic Social Justice; People’s Action; Public Citizen; Revolving Door Project; Social Security Works; and the Teamsters.
    A one-page summary is here.
    The text of the bill is here. 
    Background
    Heinrich fought hard to pass the Inflation Reduction Act, historic legislation that lowers health care and prescription drug costs for working families. 
    This year, the Inflation Reduction Act began capping out-of-pocket costs for prescription drugs at an estimated $3,300, providing substantial relief for individuals facing high medication expenses. This new Medicare drug cap comes in tandem with several other major healthcare provisions Heinrich helped secure, including free vaccines for seniors and a $35 insulin cap for those on Medicare.
    Last year, the White House announced 48 Medicare Part B drugs that raised their prices faster than inflation, and some drug companies raised prices of certain medications faster than inflation for every quarter in 2023. The IRA provisions Heinrich helped deliver will now require these companies to pay rebates back to Medicare, saving seniors who take these drugs between $1 and $2,786 per dose, depending on their medication. 
    The IRA also reduced the cost of marketplace health insurance premiums by an average of hundreds of dollars per person, for roughly 40,000 New Mexicans.
    A longer list of provisions Heinrich helped to secure in the Inflation Reduction Act can be found here.
    Heinrich introduced the Strengthening Medicare and Reducing Taxpayer (SMART) Prices Act, legislation that builds on a provision that was included in the Inflation Reduction Act to empower Medicare to negotiate prescription drug prices for the first time. Specifically, the bill would allow prescription drugs and biologics to be eligible for negotiation five years after approval by the Food and Drug Administration (FDA) — increasing the overall amount by which Medicare can lower prices through negotiation. Additionally, the SMART Prices Act would lower Medicare Part B drug prices through negotiation two years earlier than under current law, and increase the overall number of drugs that the Department of Health & Human Services (HHS) can negotiate starting in 2026.
    Additionally, Heinrich is a cosponsor of the Pharmacy Benefit Manager Transparency Act, legislation that bans deceptive unfair pricing schemes, prohibits arbitrary clawbacks of payments made to pharmacies, and requires Pharmacy Benefit Managers (PBMs) to report to the Federal Trade Commission (FTC) how much money they make through spread pricing and pharmacy fees. 
    Heinrich also cosponsored the COLAs Don’t Count Act, legislation to exempt annual cost-of-living adjustments (COLA) from impacting the benefits of those who utilize the Supplemental Nutrition Assistance Program (SNAP) for food assistance. This would help ensure participants of SNAP are not losing benefits due to the added costs of inflation and allow families to keep food on the table.
    Heinrich recently secured committee passage of his Fiscal Year 2025 Agriculture Appropriations Bill, legislation that delivers critical new resources to fully fund WIC and ensure all eligible women, infants, and children can get the nutrition they need. It also protects vital nutrition assistance programs for families across the country.

    MIL OSI USA News –

    January 25, 2025
  • MIL-OSI China: Apple CEO pledges to increase investment in China

    Source: China State Council Information Office

    Apple CEO Tim Cook on Wednesday pledged to increase investment in China during his Beijing visit, which analysts believe highlights the importance of the Chinese market to the American tech giant.

    In his second trip to the Chinese mainland this year, Cook met with China’s Minister of Industry and Information Technology Jin Zhuanglong on Wednesday, discussing topics including Apple’s development in China, online data security management and cloud services.

    Cook said Apple is keen to seize the opportunities presented by China’s opening up and will continue to increase its investment in the country, thus contributing to the high-quality development of the industrial and supply chains.

    On Tuesday, Cook met with Yang Jie, chairman of telecom giant China Mobile. The two sides exchanged views on further advancing cooperation in 5G applications, music and VR videos, building on existing cooperative programs in areas such as digital content, according to a China Mobile statement.

    Cook also met with Chinese college students at a “science and technology backyard” in Beijing’s Shunyi District to learn how they are using Apple devices to help farmers adopt more efficient and sustainable practices.

    In August 2023, the China Foundation for Rural Development set up a project to help “science and technology backyards” with social support. Apple was the first company to support the project.

    Li Huimin, a student at China Agricultural University, and her research team have been developing an iOS app to provide extreme weather alerts, pest identification and pest warnings to raise fruit yields.

    The app has been approved for testing and will be available after further improvements.

    “The projects I just saw are amazing, and the students I met today are really motivated to make a positive impact for rural communities. I loved seeing how they’re using technology to help farmers increase production,” Cook said.

    Chinese developers have thrived on the App Store. In 2022, roughly as in previous years, China accounted for 51 percent of the billings and sales facilitated by the App Store ecosystem, according to a study by Analysis Group.

    During his Beijing trip, Cook also visited an Apple retail store in downtown Beijing, and met with developers at Chinese gaming company Gala Sports.

    In his visit to Shanghai in March, Cook reiterated the company’s long-term commitment to the Chinese market when he opened Apple’s biggest retail store on the Chinese mainland.

    “There’s no supply chain in the world that’s more critical to us than China,” Cook said, noting that Apple will strengthen its long-term cooperation with its Chinese supply chain partners and work closely with them on green and smart manufacturing to achieve win-win results.

    His visit reflects Apple’s emphasis on the Chinese market and the company’s market strategy of combining local characteristics with global thinking, said Wu Shu, founding partner of Beijing-based Potential Capital.

    “This may be regarded as Apple’s enhanced emphasis on the Chinese market, reflecting the strong magnetism of the Chinese market,” Wu said.

    Apple’s new iPhone 16 lineup is off to a strong start on the Chinese market, with sales up 20 percent in the first three weeks after launch compared with the iPhone 15 series in 2023, data from market research firm Counterpoint Research showed.

    As China’s “Double 11” online shopping event approaches, electronic items, along with other products, are expected to experience a surge in sales.

    With the introduction of a host of incremental policies, China’s economy continues to show resilience and remains an attractive destination for foreign investment, Wu said. China’s opening-up policy and large market provide important opportunities for enterprises from all over the world, including the United States, he added. 

    MIL OSI China News –

    January 25, 2025
  • MIL-OSI Asia-Pac: Ombudsman announces investigation results on enforcement against unauthorised land developments and implementation progress of strategic focus on interdepartmental collaboration (with photos)

    Source: Hong Kong Government special administrative region

    Ombudsman announces investigation results on enforcement against unauthorised land developments and implementation progress of strategic focus on interdepartmental collaboration (with photos)
    Ombudsman announces investigation results on enforcement against unauthorised land developments and implementation progress of strategic focus on interdepartmental collaboration (with photos)
    ******************************************************************************************

    The following is issued on behalf of the Office of The Ombudsman:     The Ombudsman, Mr Jack Chan, today (October 24) announced the completion of a direct investigation operation regarding the enforcement by the Planning Department (PlanD) and the Lands Department (LandsD) against unauthorised land developments, and made 16 major recommendations for improvement to the two departments.     In the rural New Territories, common unauthorised developments under the Town Planning Ordinance (TPO) include filling of pond or land in “Agriculture”, “Green Belt” and conservation zones for storage, workshop and parking uses. For many years, the PlanD had not been empowered to take enforcement action in rural areas not previously covered by development permission areas. The Office is pleased to note that with the amended TPO coming into effect in September 2023, the Secretary for Development may designate rural areas in the New Territories with ecological value, which are subject to development pressure and risks of environmental degradation, to be “regulated areas”, so as to plug the loophole by enabling the PlanD’s enforcement action against unauthorised developments in such areas.       From 2018 to 2023, the PlanD received an annual average of 1 680 complaints about unauthorised developments. During the same period, combining complaints, proactive inspections and referrals from other departments, the PlanD identified an annual average of 425 unauthorised development cases involving private land.     Regarding the unauthorised development cases identified, the PlanD issued an annual average of more than 3 000 statutory notices demanding rectification. The compliance rate of such notices ranged from 69 per cent to 88 per cent between 2018 and 2023, reflecting the deterrent effect of the PlanD’s existing enforcement measures against most offenders. During the same period, the PlanD instigated prosecutions in a total of 475 cases of non-compliance with statutory notices, among which 65 involved repeated prosecutions.      The Office of The Ombudsman’s investigation found that for cases involving repeated breaches of the TPO, the PlanD would, depending on whether the unauthorised development recurred within one year, shorten the timeframe for compliance with the Enforcement Notice from the normal three months to a minimum of one month.   Given that cases of repeated breaches generally involve irregularities that are easy to rectify and prone to recur (such as storage and parking uses), the existing practice of the PlanD might not have a sufficient deterrent effect on some repeated offenders. The Office recommends that, regarding cases of repeated breaches, the PlanD should explore considering more factors in setting the timeframe for compliance with statutory notices and progressively shortening the timeframe upon subsequent breaches to raise offenders’ costs of non-compliance proportionately.     As for cases that breach the TPO while concurrently involving unlawful occupation of government land, it is often difficult to confirm the identity of the occupier or responsible person. Hence, such cases are currently handled by the LandsD under the Land (Miscellaneous Provisions) Ordinance by demolishing and taking possession of the property and structures on the land. The LandsD prioritises different types of cases under a risk-based approach. Nevertheless, the Office’s investigation revealed that for cases involving both priority and non-priority circumstances, the LandsD’s existing guidelines for staff were unclear about how each case should be classified as a whole.  There were also cases revealing the LandsD’s failure to complete priority cases in a timely manner. The Office considers that the LandsD should comprehensively review its existing guidelines, put in place a monitoring mechanism and step up training to ensure proper follow-up of cases by its staff.     Mr Chan said, “The Government is duty-bound to combat unauthorised land developments rigorously to safeguard the environment and optimise the use of valuable land resources. Overall, the Office considers that both the PlanD and the LandsD have handled unauthorised development cases according to their purview and statutory powers; however, there is still room for improvement regarding enforcement procedures and intensity. Moreover, the Office noticed that during the initial stage of this direct investigation operation, there was indeed room for enhancement in the efficiency of collaboration between the PlanD and the LandsD. The Office is pleased to note that both departments responded positively to its observations and opinions by proactively establishing a joint working group co-led by their deputy directors, and introducing a pilot scheme involving two large-scale unauthorised developments related to private agricultural land selected for joint enforcement operations. In addition to reviewing the above new initiatives in a timely manner, to further deepen collaboration, the Office recommends that the PlanD and the LandsD establish a database for unauthorised development cases to facilitate interdepartmental intelligence sharing and enforcement, as well as formulate targeted measures for high-risk sites to nip problems in the bud.     “Looking ahead, as the current-term Government actively implements various land development projects, land use in the rural New Territories will undergo vast changes. Unauthorised developments may differ in mode, scale, etc. The PlanD and the LandsD, as enforcement authorities, should conduct a systemic review after the implementation of the various improvement measures. The two departments should also adapt to the circumstances, continuously deepen reform and innovate, and improve the operational mechanisms and collaboration to strengthen their ability to prevent and handle unauthorised developments.”     The Office has made the following major improvement recommendations to the PlanD and the LandsD: 

    regarding cases involving repeated breaches of the TPO, the PlanD to explore considering more factors (including the total number of breaches committed by the offender, the gross area of the site, the nature of irregularities and the impact on environmental hygiene) in setting the timeframe for compliance with statutory notices and progressively shortening such timeframe upon subsequent breaches to raise offenders’ costs of non-compliance proportionately;

    the PlanD to draw up guidelines on the procedures and target timeframe for handling unauthorised development cases involving a change in ownership for periodic circulation to staff to avoid omission of necessary action;

    the PlanD to step up efforts to explain the basics of the Reinstatement Notice through such publicity channels as its official website to promote public awareness of its enforcement measures and avoid misunderstanding;

    the PlanD to step up education and publicity to enhance private land owners’ understanding of their obligations, the damage caused by unauthorised developments to the environment, the enforcement role of the department, the price to be paid by offenders and the essential features of the TPO to raise law-bidding awareness;

    the LandsD to comprehensively review its existing guidelines and specify clearly the various factors for determining whether a case falls within the priority category, supplemented with real cases to illustrate how to assess cases involving both priority and non-priority circumstances, for compliance by staff; 

    the LandsD to put in place a monitoring mechanism to ensure proper prioritisation of different cases by staff;

    the LandsD to step up training to ensure that staff clearly understand the enforcement role of the department and take timely action against non-compliance with the law and lease conditions according to its performance indicators;

    the PlanD and the LandsD to consider drawing up a mechanism and timetable for timely review of the joint working group’s guiding direction, thereby ensuring that the new measures can serve the purpose of enhancing interdepartmental collaboration;

    the PlanD and the LandsD to conduct timely review of the effectiveness of the pilot scheme on joint enforcement operations; 

    the PlanD and the LandsD to respectively review the data they maintained on interdepartmental unauthorised development cases and enforcement action, and discuss any need to incorporate more data items, thereby providing a more precise and comprehensive basis for monitoring and analysing enforcement work;

    the PlanD and the LandsD to consider establishing a database on unauthorised development cases with such information as the identity of offenders, subject locations, irregularities and results of follow-up action, thereby facilitating interdepartmental intelligence sharing and enforcement;

    the PlanD and the LandsD, making use of the above newly established database, to formulate targeted measures for high-risk sites having regard to such factors as the severity of breaches and whether repeated breaches are involved to nip problems in the bud;

    in light of the amended TPO, the PlanD and the LandsD to review the enforcement and case referral procedures in a timely manner and explore room for further streamlining and consolidation to optimise the use of resources for coping with an anticipated increase in enforcement work; and

    the PlanD and the LandsD to conduct a systemic review after the implementation of the various improvement measures. The two departments should also adapt to the circumstances, continuously deepen reform and innovate, and improve operational mechanisms and collaboration to strengthen their ability to prevent and handle unauthorised developments.

         Upon Mr Chan’s assumption of office, one of the strategic focuses of the Office is to make every effort to promote interdepartmental collaboration. Effective interdepartmental collaboration is indispensable to efficient and people-oriented public administration as well as good governance. A lack of co-ordination among different departments or organisations is prone to shirking responsibilities, thereby directly affecting the well-being of the public. When handling relevant cases, the Office will request all departments and organisations concerned to take follow-up action and fully collaborate with other agencies, with a view to effectively resolving the difficulties facing the public. Where unclear divisions of responsibilities involve systemic issues, the Office will firmly point out the crux of the matter and urge the departments and organisations to seriously rationalise responsibilities or, if necessary, establish high-level platforms for resolving disputes, in order to address the problem at its root.      Furthermore, as different departments and organisations have their respective professional knowledge, expertise and experience, fostering their collaboration can create a synergy effect, thereby enhancing the quality and standard of public administration. Therefore, through handling cases and organising seminars and experience-sharing sessions from time to time, the Office tirelessly encourages various departments and organisations to deepen collaboration in their daily work on all fronts, including setting up communication and collaboration platforms, optimising case referral procedures, formulating information exchange mechanisms, sharing professional skills and technology, and launching joint operations.      The above direct investigation operation is a successful example of the Office’s efforts to promote interdepartmental collaboration. In addition, in the first half of this reporting year (i.e. from April to September 2024), the Office has handled 94 cases involving interdepartmental collaboration. The Office has also progressively launched on its website and social media platforms real cases of interdepartmental collaboration to enhance public understanding of how the Office addresses their needs through promoting interdepartmental collaboration.      “In the coming years, the overriding objective of the Office is to help resolve the difficulties facing the public in order to improve people’s livelihood and foster social harmony. I encourage all government departments and public organisations to work together on the premise of ‘Improving people’s livelihood’, and jointly enhance administrative arrangements for better public services and a stronger sense of gain and happiness among members of our community.”            The full investigation report has been uploaded to the website of the Office of The Ombudsman at www.ombudsman.hk for public information.

     
    Ends/Thursday, October 24, 2024Issued at HKT 11:15

    NNNN

    MIL OSI Asia Pacific News –

    January 25, 2025
  • MIL-OSI Asia-Pac: Appointments to Arboriculture and Horticulture Industry Development Advisory Committee announced

    Source: Hong Kong Government special administrative region

    Appointments to Arboriculture and Horticulture Industry Development Advisory Committee announced
    Appointments to Arboriculture and Horticulture Industry Development Advisory Committee announced
    ******************************************************************************************

         The Development Bureau (DEVB) announced today (October 24) the appointment of 12 individuals and two institutions as non-official members to the Arboriculture and Horticulture Industry Development Advisory Committee (AHIDAC) for a new term until May 31, 2026.      The new members are Mr Ray Ching Wai, Dr Alvin Tang Ming-chak and Ms Florence Tsui Ho-fun. The reappointed members are Professor Leslie Chen Hung-chi, Mr Kingsley Choi Lim-cho, Mr Daniel Ho Tat-pui, Ms Iris Hoi, Mr Lai Ka-ming, Dr Allen Lim Miaw-shin, Mr Victor Man Kwok-hing, Mr Chiky Wong Cheuk-yuet, Dr Peter Yau as well as the representatives of the Construction Industry Council and the Vocational Training Council.     A spokesman for the DEVB said, “The AHIDAC comprises experienced academics, practitioners and vocational trainers from trade associations, unions and professional groups in the industry as well as higher education and vocational training institutions. The Committee offers multiple perspectives and valuable insights on issues related to the industry’s development.”     Appointed by the Secretary for Development, members of the AHIDAC advise the DEVB on issues related to the Registration Scheme for Tree Management Personnel, the Study Sponsorship Scheme and Trainee Programme under the Urban Forestry Support Fund, as well as the development and manpower supply and demand situation of the arboriculture and horticulture industry.           The membership of the new term of the AHIDAC is set out below:Chairperson————–Deputy Secretary for Development (Works) 1Non-official members (individuals)——————————————-Professor Leslie Chen Hung-chiMr Ray Ching Wai *Mr Kingsley Choi Lim-choMr Daniel Ho Tat-puiMs Iris HoiMr Lai Ka-mingDr Allen Lim Miaw-shinMr Victor Man Kwok-hingDr Alvin Tang Ming-chak *Ms Florence Tsui Ho-fun *Mr Chiky Wong Cheuk-yuetDr Peter YauNon-official members (institutions)——————————————-Construction Industry CouncilVocational Training Council Official members——————-Head of Greening, Landscape, and Tree Management Section, DEVBRepresentative of Education BureauRepresentative of Agriculture, Fisheries and Conservation DepartmentRepresentative of Highways DepartmentRepresentative of Housing DepartmentRepresentative of Leisure and Cultural Services Department* New non-official members

     
    Ends/Thursday, October 24, 2024Issued at HKT 12:00

    NNNN

    MIL OSI Asia Pacific News –

    January 25, 2025
  • MIL-OSI Australia: 229-2024: Australian Fumigation Accreditation Scheme: treatment provider ‘under review’, M/s Bureau Veritas (I) Pvt. Ltd. (AEI: IN0442MB)

    Source: Australia Government Statements – Agriculture

    24 October 2024

    Who does this notice affect?

    Stakeholders in the import and shipping industries—including vessel masters, freight forwarders, offshore treatment providers, Biosecurity Industry Participants, importers, customs brokers, principal agents and master consolidators.

    What has changed?

    Following the identification of biosecurity concerns, the department has listed M/s Bureau Veritas (I) Pvt. Ltd. (AEI: IN0442MB) as under review from the Australian…

    MIL OSI News –

    January 25, 2025
  • MIL-OSI Australia: 230-2024: List of treatment providers: treatment provider suspended – Efes Group Loj.Ikl.Ilc.Gida Ve Hayv.San.Ti.Ltd.Instanbul Subesi (AEI: TR4040SB).

    Source: Australia Government Statements – Agriculture

    24 October 2024

    Who does this notice affect?

    Stakeholders in the import and shipping industries—including vessel masters, freight forwarders, offshore treatment providers, Biosecurity Industry Participants, importers, customs brokers, principal agents and master consolidators.

    What has changed?

    Following identification of critical non-compliance, we have suspended Efes Group Loj.Ikl.Ilc.Gida Ve Hayv.San.Ti.Ltd.Instanbul Subesi (AEI: TR4040SB) on the…

    MIL OSI News –

    January 25, 2025
  • MIL-OSI Australia: Sydney Airport hosts emergency exercise to test airport’s resilience

    Source: Sydney Airport

    Thursday 24 October 2024

    • Multi-agency emergency management exercise conducted at Sydney Airport
    • Emergency exercise tested the emergency response and flexibility of processes in the event of a major emergency
    • 11 agencies and 200 personnel participating in exercise including NSW Police Force and Fire and Rescue NSW

    Today, Sydney Airport hosted a multi-agency emergency management exercise scenario with 11 agencies and 200 personnel to test the response procedures as part of a simulated flight disaster scenario.

    More than six months’ in the planning, the emergency management exercise scenario involved an international flight on a Boeing 737-800 arriving from South-East Asia with 150 passengers on board which crashed on landing, resulting in numerous injuries and one fatality.

    Sydney Airport joined forces with representatives from NSW Police, Fire and Rescue NSW, NSW Ambulance, NSW Health, the NSW State Emergency Service (SES) and Airservices Australia to test their response plans in the event of a major emergency.

    The Agencies tested their responses and protocols around firefighting and evacuation, rescue and retrieval of trapped and injured passengers, triage and transport for injured passengers, and crash scene management and investigation.

    Sydney Airport CEO Scott Charlton said: “Air travel remains the safest way in the world to travel, and today’s exercise was about putting our response plans into practice, so we are ready in the unlikely event of an emergency.

    “These emergency scenarios provide an invaluable opportunity for our teams to coordinate with agencies and test our response plans in real-time.

    “I want to extend my thanks to all the agencies involved for their participation and collaboration. Together, we are ensuring that Sydney Airport remains safe, secure and well-prepared.”

    Assistant Commissioner Peter McKenna, Central Metropolitan Region NSW Police said: “The purpose of this training is not just to test our emergency response capabilities but the whole process and flow of the emergency plan in a real testing scenario. We use these experiences and skills from the exercise to work more collaboratively in a multi-agency environment and to achieve the operational goal.”

    Acting Area Commander Metro South Peter Cleary Fire and Rescue NSW said: “These types of exercises are vital to ensure our preparedness in the event of a real-life incident. By training side-by-side with our emergency services counterparts, we gain a better understanding of each other’s operating procedures, communications, and equipment in a realistic environment.”

    Sydney Airport hosts an emergency exercise every two-years to test the resilience of the airport’s emergency response plan in partnership with emergency agencies and organisations and is committed to providing a safe and secure environment for everyone.

    Images from today’s Emergency Exercise can be found here.

    Notes to editor

    Sydney Airport emergency scenario 2024:

    • Sydney Airport and emergency management agencies conducted an emergency management field exercise involving a simulated aircraft crash on the airfield
    • More than 200 personnel across multiple agencies tested their response plans
    • The scenario involved the crash landing of an international flight from South-East Asia flight (Boeing 737-800)
    • Under the scenario 150 passengers were on board the flight, 1 is deceased, 39 were transported to hospital and the remaining were treated onsite and released

    Participating agencies and organisations:

    • Sydney Airport
    • Australian Border Force 
    • NSW Police Force 
    • Airservices Australia – Aviation Rescue & Fire Fighting  
    • Fire & Rescue NSW 
    • NSW Ambulance 
    • Airservices Australia – Air Traffic Control 
    • Department of Agriculture
    • Transport for NSW
    • NSW Health
    • NSW State Emergency Service (SES)

    Agencies undertook the following emergency response:

    • Initial firefighting and evacuation  
    • Rescue and retrieval of trapped and injured persons 
    • Triage and transport of injured persons 
    • Initial crash scene management and investigation 

    MIL OSI News –

    January 25, 2025
  • MIL-OSI Australia: 231-2024: Urgent Scheduled Service Disruption: Friday 25 October to Saturday 26 October 2024 – Biosecurity Portal

    Source: Australia Government Statements – Agriculture

    25 October 2024

    Who does this notice affect?

    Approved arrangements operators, customs brokers, importers, manned depots, and freight forwarders who will be required to book and manage requests for import inspections using the Biosecurity Portal during this scheduled maintenance window.

    Approved arrangements operators who will be required to view and/or update details of their Approved Arrangement via the Approve Arrangement Management Product (AAMP).

    Approved…

    MIL OSI News –

    January 25, 2025
  • MIL-OSI United Kingdom: UK supports rugby development in Solomon Islands through SOS Kit Aid

    Source: United Kingdom – Executive Government & Departments

    Rugby Solomon Islands received donation of training kits from UK charity SOS Kit Aid through partnership with the British High Commission in Solomon Islands.

    A group photo with the SOS Aid kit donated to SIRUF.

    SOS Kit Aid is a charity organisation that distributes both new and second-hand rugby kits to children all over the world, with the support of World Rugby. It was founded back in 2001, by rugby dad, John Broadfoot, who, whilst during a trip to Romania witnessed a smiling 8-year-old boy running with the ball under one arm, whilst he used the other arm to hold up his shorts. John wanted to do something about this.

    John knew that his sons had several pairs of boots and other kit lying around at home, and so, to test out the potential, he collected kit from ten schools, to see how much was available on a wider scale. The test was an outstanding success and so SOS Kit Aid was born.

    Handing over the kits to the Solomon Islands Rugby Union Federation (SIRUF), High Commissioner His Excellency Thomas Coward said:

    Rugby teaches children values and teamwork. The Solomon Islanders Rugby Union Federation Get into Rugby programme frames this through its approach to Respect, Integrity, Solidarity, Discipline and Fun. Rugby is a great bridge between our two countries and brings us all together.

    Receiving the kits on SIRUF’s behalf was Secretary of the Executive Board, Angikinui Francis Tekatoha who said rugby has a long history and they have been developing the sport in Solomon Islands. He added:

    Our partnership with the British High Commission supports our Get into Rugby programme, Get into Rugby Plus and Rise Rugby. Our most recent rugby development programme is focusing on women, young people and schools so the gifts you are giving us today will be used in those programmes for training. The donation of kit deepens the partnership between the Rugby Federation and the British High Commission.

    Share this page

    The following links open in a new tab

    • Share on Facebook (opens in new tab)
    • Share on Twitter (opens in new tab)

    Updates to this page

    Published 24 October 2024

    MIL OSI United Kingdom –

    January 25, 2025
  • MIL-OSI Australia: Press Conference Apia, Samoa

    Source: Australian Government – Minister of Foreign Affairs

    Penny Wong, Foreign Minister: Look, can I say how wonderful it is to be here in Samoa as it hosts its first ever Commonwealth Heads of Government Meeting, the first time this has been held in a Pacific Island country. And Australia has been really pleased to partner with Samoa, and we are really pleased – I’m really pleased to be here, and I know the Prime Minister is very pleased to be able to join us this evening.

    I want to thank a woman for whom I have such great regard, Prime Minister Fiamē, for her leadership, for her hospitality, for her thoughtful hosting of this meeting and, the way in which she has sought to elevate Pacific priorities and voices on the international stage.

    It’s certainly been a busy day today. It kicked off with a meeting about investment, finance and investment, hosted by David Lammy, the UK Foreign Secretary. And we recognise that economic integration and investment are central to development, are central to alleviating poverty and enabling opportunity. And we’re partnering with the United Kingdom to develop a new Commonwealth Investment Network to support Commonwealth members, particularly smaller states who often have challenges accessing finance, accessing investment, to do just that – to attract and access investment.

    I’ve also been at the first session of the Commonwealth Foreign Affairs Ministers Meeting. Obviously, that’s in preparation for the Leaders’ Meeting tomorrow. Top of the agenda is, as you would expect here in Pacific, climate. And as you would have heard me say from the first day I was – I stood in the Pacific as Foreign Minister, and I’ve consistently recognised this as I have travelled throughout the Pacific, climate change is an existential threat. It is the number one national security threat, it is the number one economic threat to the peoples of the Pacific and to many members of the Commonwealth.

    We heard today from a number of African countries, including Zambia, about the escalating impacts of climate change, the effects on food insecurity. And I’m really pleased that we are able to announce a new Africa-Australia partnership for climate responsive agriculture. This is to be developed by the Australian Centre for International Agriculture Research, and it will address food insecurity in the region.

    Can I talk about what this means? One of the things Australia is good at is agriculture in very dry climates – for obvious reason. It is one of the areas we have an expertise, and this – I’m very excited about this partnership because it leverages a particular Australian expertise into a continent for which food insecurity is an ongoing and rising challenge. It’s another example of our commitment as a government to helping partners around the world in the fight against climate change. It’s about shaping the world for the better.

    I’ve also spoken to Pacific leaders about the ways in which Australia is transitioning our entire economy. It’s a big task, started later than it should have, but we are committed to making the very large change.

    I’ve had productive meetings with counterparts from Malta and Solomon Islands, and I’ve just returned from an event hosted by Samoa attended by Her Majesty the Queen, advocating for women and girls in the Commonwealth where we talked about the challenges facing women and girls, including violence against women, and we spoke about Australia’s progress in tackling cervical cancer.

    I’m looking forward to the rest of the program, and happy to take your questions shortly.

    I just want to make one comment about another matter, which is the deeply troubling news about North Korea’s contribution to Russia’s illegal and immoral war in Ukraine. This is a deeply concerning development to see not only Russia continue its illegal and immoral war but to see a state such as North Korea be invited by President Putin, encouraged by President Putin, to join or to support this illegal war. And Australia stands with the remained of the international community not only against Russia’s war but against North Korea’s involvement in what is an illegal and immoral and disruptive war.

    Happy to take questions.

    Journalist: My name is Deidre from TV1, a local reporter. I just wanted to ask, first question is: what kind of support has Australia provided for Samoa for CHOGM, aside from providing assistance in terms of police officers who have come and helped?

    Foreign Minister: Sure, yes, well, obviously that’s the more – most visible recent assistance, which I have to be really clear about is not just Australia. This is a multi-country initiative. It’s obviously contributions from many Pacific Island countries. When we announced the Pacific Policing Initiative at the Pacific Islands Forum I think the Prime Minister and certainly I’ve made the comment, you know, this is Pacific led. And that’s the approach we’ve seen in Samoa. So, it’s good to see these police cooperating on the ground.

    But the behind-the-scenes assistance or contribution obviously was primarily towards the arrangement of CHOGM and supporting – providing support at a diplomatic level. I can – we can talk to you about that in more detail.

    I want to say, though, to you, your country has done an extraordinary job. For a country of this size to be able to host a conference like this, you really all should be very proud. And I’ve no doubt knowing the Pacific and Samoa, this is a whole-of-nation effort, isn’t it? Like everybody steps up. I was talking to Prime Minister Fiamē, and she spoke about everybody stepping forward. And that’s what you see. And your diplomatic influence, your diplomatic standing, is far bigger than your population in terms of the proportion of the world. I see that at the UN when your Prime Minister speaks and your diplomats speak, and I see that in this conference.

    So, my congratulations to my very good friend Prime Minister Fiamē, but also to the people of Samoa for what has been a fantastic CHOGM, and I hope tomorrow goes as well. I’m sure it will.

    Journalist: Foreign Minister, just on the Falepili Union, Feleti Teo has said this morning that he believes that Australia does have a commitment or at least an implied commitment under the text of the Falepili Union to take a hard look at fossil fuel exports, not just Australia’s own internal commitments. What’s your response? Is there any sort of implied commitment in the Falepili Union towards fossil fuel exports? Do you disagree with that analysis?

    Foreign Minister: I think whether it’s the PIF declarations or the public statements we have made, I think we all understand the existential threat that climate change poses to the peoples of the Pacific. I think we all understand the effects of climate change in Australia which we have seen. We’re not a government like Mr Abbott’s and Mr Morrison’s or that has the views Mr Dutton has demonstrated where the science of climate change isn’t accepted, and the experience of Pacific peoples is diminished. Do you remember him saying – talking about making jokes about water lapping at the door?

    So, we understand the extent of this. I’ve spoken at length to the Prime Minister of Tuvalu about the transition in the Australian economy, and it is a very big transition. And I wish we had – you know, when we came to government, we had seen not just 30 per cent renewables but much more because we have to get to in excess of 80 per cent by the end of the decade. But that’s the transition we’re in and we will engage in it.

    On the broader issue of fossil fuel usage, not just in Australia but globally, of course we all have to, we all have to peak our emissions and reduce them, and Australia’s emissions peaked in 2005. We know that there are countries which are still increasing their supply, their coal-fired power stations. Of course, we all know that the whole world has to respond.

    The point I’ve made previously is that there are two emerging economies in the world which, you know, account for 40 per cent of global emissions – India and China. And in order for us to have a chance at restraining global temperature rise, we all have to commit to reducing emissions and to transitioning to cleaner energy. So, we’re up for that. It will take longer than I would have liked because, you know, obviously nothing was done for 10 years.

    Journalist: But can Australia shrug its shoulders in terms of those exports and simply say there is no problem with Australia expanding fossil fuel projects if there’s an appetite for it? The point that I think that Prime Minister Teo is making is that on the one hand Australia points to its own record, on the other hand, you’ve got countries like India and China continuing to expand fossil fuels. He doesn’t perhaps care who takes responsibility; the cycle has to be brought to a close.

    Foreign Minister: Yeah, I think we all have to take responsibility, which is why you also see Australia partnering with other countries to try and work with others to transition the global energy supply to renewable energy. You would have seen I work with Singapore; you’d see that we’re working with Germany. You know, Chris Bowen has spoken at length about the work that he is doing internationally.

    I wish we were – you know, when I was Climate Minister between 2007 and 2010, including the famous Copenhagen conference, I wish that what we were trying to get agreed then had been agreed and you and I would be having a very different conversation. But that isn’t what happened globally. That isn’t what happened in Australia, and we went backwards as a country. We know we have a lot of work to do. And I’ve been upfront with every partner in the Pacific. Of course, I listen, I hear what they say. And I think they also see in us a partner who wants to make this transition. And we will. We will.

    Journalist: Foreign Minister, in terms of Pacific Engagement Visa, I know our government does not want to participate in the first wave. So, my question is: have you received or has the government of Australia received any update from our government? And if the government did not, is Australia – will Australia be pushing for the Samoan government to support the visa?

    Foreign Minister: Yeah, Mr Dziedzic asked me those “if” questions, and I usually tell him off for doing that. But look, as a matter of principle, the Pacific Engagement Visa responds to a longstanding call from Pacific Island nations about wanting a different relationship with Australia. And you would have seen the fact demonstrated by the number of people who have sought to come to Australia in those countries where we have those arrangements. It’s been massive low oversubscribed and, you know, I understand that.

    I’ve also been very clear from the beginning, just like PALM, this is a question for the sending country. If people want it, we will work with whichever country, whichever Pacific Island nation, to set up the arrangements in ways they feel comfortable with. If countries don’t wish to go down this path, it’s not a compulsory path for us.

    We responded. A number of countries have very enthusiastically taken it up. It’s entirely a matter for others whether they choose to or not and, if they do, how they want it to work.

    Journalist: Just to follow up on that, if our government does not want to support it, is Australia willing to reconsider if individuals want to participate?

    Foreign Minister: No, we want this to be something – it’s a government-to-government arrangement for the process of it and the arrangements associated with it, so we wouldn’t want to see that. But, you know, we’re also – we’re not – there’s no deadline for – in the sense that we’re not saying, ‘unless you – you have to do it by this year or never at all.’ It’s a policy that’s in place. I anticipate that countries may work through some of the issues and then may decide that they want to be part of this in time to come. But that’s entirely a matter for them.

    Journalist: Just finally, if I might, Foreign Minister, on the question of Australia’s broader Pacific policy, can you give us a sense, when the Falepili Union was signed the Prime Minister and others made it clear that Australia was looking at if not signing similar agreements, then perhaps integrating more closely with the Pacific. There have been murmurs, obviously, about similar agreements with countries like Nauru and others. Can you give us a sense of where that program is up to and how Australia envisions this?

    Foreign Minister: That’s a good question. And it’s one that the whole country and both parties of government need to be part of. And unfortunately, we’ve not had an opposition that’s been willing, for example, to understand the importance of the Pacific Engagement Visa.

    Your question goes to the – is the right one though – how do you envisage the relationship? And we envisage the relationship as family, as close as we are able to be, recognising the sovereignty of all nations. And we see the benefit in different types of integration with the countries of the Pacific. Now, they’ll not always be the same. So, we have obviously a particular set of arrangements with some countries which are simply PALM or the Pacific Engagement Visa. With Tuvalu, we have a much deeper integration where there is much more that we have put on the table and that Tuvalu has put on the table as well.

    So obviously it will not be the same approach for each country. Countries will make their own decisions. But we see real benefit in responding to Pacific countries’, I suppose, aspirations for the relationship.

    Journalist: What are your expectations for the conference tomorrow? Regarding the continued fighting of the Pacific Islands towards climate change? What are your expectations of the outcome?

    Foreign Minister: Well, I hope that the leader’s communique or statement will be forward leaning on climate. I hope it will be collective in the sense that we recognise – I’ve seen a lot of things over the years – and it really goes to the question Mr Dziedzic asked earlier where we point the finger at each other but actually all of us have to respond on climate, all major economies, in particular. And I hope also that some of the progress that the Pacific has made in relation to sovereignty in the face of sea level rise, which we have backed in, I hope there is progress on that as well in terms of Leaders’ discussion. I know it’s a big step, but I think the Pacific has done a lot of quite innovative international legal work in ensuring that countries can retain sovereignty and retain their, you know, sovereignty over their EEZ, even in the face of sea level rise and that whatever we can do with the Pacific to continue to broaden that out I think is a good thing. And you would have seen that we’ve done that at the PIF and we’ve done that in the Falepili treaty.

    Journalist: One more question please –

    Foreign Minister: Last one.

    Journalist: What are your thoughts on Samoa’s government’s concerns of brain drain for RSE program and also – last one – have you visited one of the villages that is representing Australia in the rural area?

    Foreign Minister: No, no, I haven’t done – I haven’t been out of Apia, I’m afraid, on this visit. Some of the concerns that countries who are considering whether how to handle labour mobility programs, there are a range of concerns. You named one of them. What I have said at the PIF and privately and in meetings is we want these programs to work for you. So, we don’t offer access to the labour market because we are demanding labour; we see this as a partnership and as an economic development opportunity. So, we want the programs to work for you. So, however countries wish to have those programs designed within the limits of the program, we’ve sought to facilitate that. So, that’s how we do it. Okay? Thanks, everybody.

    MIL OSI News –

    January 25, 2025
  • MIL-OSI Russia: The results of the internship of Russian specialists in Belarus have been summed up

    Translation. Region: Russian Federation –

    Source: State University of Management – Official website of the State –

    The final part of the internship of Russian specialists in the Republic of Belarus took place in Minsk and facilities close to the country’s capital.

    On October 21, members of the Russian delegation took part in a contact exchange with companies representing businesses and potential B2B partners from Belarus. The event was opened by the Director of the Federal Resource Center, Alexey Bunkin. The head of the Rossotrudnichestvo representative office in the Republic of Belarus, Yury Makushin, also addressed the Russian and Belarusian participants with an opening speech.

    During the event, the current state of foreign trade relations between Russia and Belarus, promising export and import directions, the peculiarities of local buyers’ perception of Russian products, issues of certification, logistics and mutual settlements were discussed, and numerous personal meetings, conversations and exchange of contacts took place.

    Then a visit to the office of the Free Economic Zone “Minsk” took place. The deputy head of the FEZ administration spoke in detail about its functioning, features in comparison with other zones, answered questions from members of the Russian delegation.

    Next, the internship participants visited the production facilities of ZAPAGROMASH LLC, the CIS leader in the production of agricultural machinery, including for feeding and keeping cattle, and Minsk Tractor Plant OJSC, the oldest enterprise in the republic and the largest manufacturer of agricultural machinery.

    During the visits, the delegation members learned about the history of the companies, examined samples of manufactured equipment and a number of production shops, including assembly shops, and discussed issues of interest to them with the management of the enterprises, with special attention paid to the topic of ensuring social security for workers.

    In the evening of the same day, Alexey Bunkin held a briefing with the internship participants, during which the results of the work were summed up, the achieved results were presented, and the prospects for the development of subsequent similar projects were discussed.

    On the final day of the internship, October 22, the delegation visited the Great Stone Industrial Park. They were given a thorough introduction to the history of the park’s creation and its present day, had a dialogue with the deputy head of the administration with answers to numerous questions, and toured the territory.

    The Russian delegation then moved to the building of the Belarusian State University of Economics and took part in a session on business education as part of the Second Forum of the Scientific and Educational Consortium “Eurasian Network University”, held by the State University of Management. Leading specialists from a number of consulting companies in the Republic of Belarus spoke to the internship participants.

    Also in the BGEU building, the vice-rector of the State University of Management Dmitry Bryukhanov and Alexey Bunkin presented certificates of advanced training in the program “Economic cooperation in the agro-industrial complex” to the participants of the Presidential program for training management personnel.

    The business program of the internship of Russian specialists in Minsk ended in the same place where it began – in the building of the Trade Mission of the Russian Federation in the Republic of Belarus. The meeting was attended by the representative of the Ministry of Economic Development of the Russian Federation in the Republic of Belarus Ilya Fedorov, the head of the department for promoting direct foreign investment and import substitution of the Ministry of Agriculture and Food of the Republic of Belarus Anastasia Dedyulya, the head of the production and marketing department of the KUP “Myasomolprom” of the Minsk Regional Executive Committee Tatyana Volozgina, a number of heads of commercial and manufacturing enterprises from the agro-industrial complex.

    The Russian and Belarusian participants once again considered possible areas and prospects for cooperation, and exchanged contacts for further interaction. Moreover, the discussion was based on information and experience gained during their stay in Belarus.

    The results of the intensive practice-oriented internship of Russian specialists in Belarus were familiarization with successful examples of entrepreneurship, establishment of contacts with both representatives of local businesses and Russian representative bodies that ensure the state interests of Russia in the sphere of foreign economic activity in Belarus.

    Subscribe to the TG channel “Our GUU” Date of publication: 10/24/2024

    Internships for Russian specialists in the Republic of Belarus took place in Minsk and facilities close to the country’s capital.

    On October 21, members of the Russian delegation took part in a contact exchange with companies representing businesses and potential B2B partners from Belarus….

    ” data-yashareImage=”https://guu.ru/wp-content/uploads/Беларусь-2024-1.jpg” data-yashareLink=”https://guu.ru/%d0%bf%d0%be%d0%b4%d0%b2%d0%b5%d0%b4%d0%b5%d0%bd%d1%8b-%d0%b8%d1%82%d0%be%d0%b3%d0%b8-%d1%81%d1%82%d0%b0%d0%b6%d0%b8%d1%80%d0%be%d0%b2%d0%ba%d0%b8-%d1%80%d0%be%d1%81%d1%81%d0%b8%d0%b9%d1%81%d0%ba/”>

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

    MIL OSI Russia News –

    January 25, 2025
  • MIL-OSI United Kingdom: Cook up a Witches Brew Stew just in time for Halloween

    Source: Northern Ireland – City of Derry

    Cook up a Witches Brew Stew just in time for Halloween

    24 October 2024

    Strabane Health Improvement Project (SHIP) in the Ballycolman Estate is cooking up a Halloween experience that is sure to tantalise your tastebuds.

    Running on Tuesday, 29th October from 10am-12pm SHIP is hosting the Witches Stew Brew, this is an afternoon cookery session which aims to show locals how to make a tasty meal using vegetables which can be grown locally.

    Jarlath McNulty, SHIP project manager explained: “We were approached by Acorn Farm and Council to look at delivering a project based around cooking from local produce. When we had a think about it, we thought the Witches Brew Stew would be a great way to do it in the run up to Halloween.

    “The event is due to run for about two hours and is all about encouraging people to think about eating healthier and using items they could ultimately grow themselves. Harvest is the perfect time of year to hold an event like this and we are really looking forward to it.”

    Encouraging people to take part in the Witches Brew Stew, the Mayor of Derry City and Strabane District Council said: “The event hosted by Strabane Health Improvement Project is the perfect opportunity to learn how to introduce more vegetables into your diet in a fun and practical way. If you’re able to attend please do so, I’m sure you will pick up lots of useful cookery tips and of course come away with the recipe for a perfect Witches Brew Stew.”

    Anyone interested should turn up at 10am on Tuesday, 29 October at Strabane Health Improvement Project in the Ballycolman Estate. Contact: 02871 383557 if you need further information.

    For more information about any of the events taking place in the Strabane District this Halloween, go to www.strabanehalloween.com.

     

    MIL OSI United Kingdom –

    January 25, 2025
  • MIL-OSI USA: Donation sparks TIG welding instruction for high school

    Source: US International Brotherhood of Boilermakers

    We’re incredibly excited and grateful for this donation. The TIG machine gives our students valuable hands-on experience with advanced welding techniques that are in high demand. It’s a game-changer for our program.

    Terry Flowers, FCHS welding instructor

    Southeast Area recruiter Lee Aurand-Hosey and a Lincoln Electric representative worked together to secure a significant donation for the welding program at Fannin County High School in Blue Ridge, Georgia. After Aurand-Hosey brought the issue to the attention of Lincoln Electric, the company donated a state-of-the-art, multi-process welding machine to the high school’s welding program.

    This donation will improve the school’s welding curriculum, giving students access to advanced technology that will enhance their practical skills. The TIG or Tungsten Inert Gas machine allows students to perform precision welding, expanding their career opportunities.

    Aurand-Hosey said the contribution from Lincoln Electric is more than just a machine; it’s a commitment to the future of skilled trades. The equipment will ensure students are prepared with the knowledge and tools they need for success in the welding industry.

    FCHS welding instructor Terry Flowers said this donation will improve the program. “We’re incredibly excited and grateful for this donation,” said Flowers. “The TIG machine gives our students valuable hands-on experience with advanced welding techniques that are in high demand. It’s a game-changer for our program.”

    MIL OSI USA News –

    January 25, 2025
←Previous Page
1 … 267 268 269 270 271 … 308
Next Page→
NewzIntel.com

NewzIntel.com

MIL Open Source Intelligence

  • Blog
  • About
  • FAQs
  • Authors
  • Events
  • Shop
  • Patterns
  • Themes

Twenty Twenty-Five

Designed with WordPress