Category: Finance

MIL-OSI: EBC Financial Group Expands Partnership with DiNapoli’s Leading Indicators, Revealing Key Strategies for Navigating Black Swan Events

Source: GlobeNewswire (MIL-OSI)

TAIPEI, Taiwan, Oct. 22, 2024 (GLOBE NEWSWIRE) — EBC Financial Group (EBC), in partnership with DiNapoli Experts, is proud to host ‘Harnessing the Power of DiNapoli Indicators to Conquer Black Swan Events,’ an exclusive gathering that brought together financial experts, traders, investors, and economic strategists to explore key strategies for navigating volatile markets. This event, part of EBC’s broader commitment to thought leadership in finance, offered critical insights not only for traders but for those seeking a deeper understanding of global financial trends, including the impacts of geopolitical tensions, inflation, and the evolving role of technology in market prediction.

Operating across global financial hubs such as London, Hong Kong, Tokyo, Singapore, and Sydney, EBC Financial Group is regulated by major international bodies, including the UK’s FCA, CIMA in the Cayman Islands, and ASIC in Australia. These credentials underscore the Group’s mission to deliver sound, ethical, and transparent financial services across key markets.

With markets facing challenges from geopolitical instability, rising inflation, and shifting monetary policies, EBC’s commitment to investor empowerment and education stands firm. The discussions provided participants with exclusive insights into managing risk and seizing opportunities in global markets, and attendees engaged with some of the industry’s top experts, gaining hands-on insights into critical factors influencing today’s global markets.

Building on the momentum from the successful signing ceremony in Thailand, where EBC Financial Group solidified its partnership with DiNapoli’s Leading Indicators, the Taiwan event marks a key milestone in EBC’s ongoing mission. Through this collaboration, EBC is empowering traders with advanced tools to navigate Black Swan events.

Global Instabilities Threaten Market Stability: Insights from David Barrett
David Barrett, CEO of EBC Financial Group (UK) Ltd, issued a stark warning about the growing economic fragility facing global markets. Speaking to an audience of financial professionals, Barrett highlighted that the Federal Reserve’s recent rate cuts have unsettled bond markets, exposing deep vulnerabilities in the global financial system. While the U.S. equity market has enjoyed a brief rally, Germany’s economic downturn threatens to spiral into a wider Eurozone crisis, Barrett explained.

Barrett emphasised that the risks extend far beyond economics. Geopolitical conflicts—from the ongoing war in Ukraine to instability in the Middle East—are now global flashpoints, disrupting energy supplies and pushing commodity markets toward dangerous levels of volatility. According to Barrett, this combination of factors could drag the global economy into deeper, more unpredictable volatility, leaving even experienced investors facing unprecedented uncertainty.

As part of the Group’s mission to help investors navigate these turbulent markets, Barrett reiterated EBC’s focus on providing cutting-edge trading tools and educational initiatives. EBC’s partnership with DiNapoli Indicators is instrumental in equipping traders with the tools necessary to interpret market movements, especially in unpredictable environments. By combining advanced predictive tools like DiNapoli Indicators with real-time market analysis, EBC is ensuring that traders are not only informed but prepared to respond to global financial shifts.

EBC’s expansion into emerging markets and its commitment to establishing regulated entities in new jurisdictions also reflect the Group’s dedication to offering clients access to global trading opportunities. With its rapidly growing footprint, EBC continues to lead with integrity and transparency, providing traders worldwide with the tools to manage risk effectively.

As the U.S. presidential election approaches, Barrett warned that this divisive political battle could be another major destabilising factor for markets, as investors brace for shifting economic policies and potential political upheaval.

“We are not just seeing market volatility; we are looking at a perfect storm where geopolitical tensions, inflation, and monetary policies are converging like never before,” Barrett cautioned. He urged investors and traders to take urgent action, adapting to this new reality with precision, foresight, and advanced tools like DiNapoli Indicators to help navigate through the uncertainty. Without this, Barrett stated, market participants risk being left behind in a financial environment that demands data-driven decision-making and the ability to manage complex risks.

Capturing Trading Opportunities: Jason Zeng on DiNapoli Indicators
At the event, Jason Zeng, General Manager of Fibonacci Investment Consulting, LLC, presented the critical role that DiNapoli Indicators play in helping investors identify key market retracement points and timing trades effectively. Zeng, a long-standing expert in DiNapoli-Levels trading, explained how these indicators are not just tools for predicting price movements, but vital systems for managing risk and profitability in highly volatile markets.

Zeng focused on how the Fibonacci-based DiNapoli Levels have been successfully applied to forecast market retracements in a range of asset classes, including equities, commodities, and currencies. He cited recent examples where DiNapoli Indicators enabled traders to accurately pinpoint entry and exit points, even in the face of significant market fluctuations caused by geopolitical instability and central bank policy shifts.

“Traders who rely on these indicators can enhance their risk management and improve trade execution,” Zeng said. He highlighted the use of real-world case studies, showing how DiNapoli’s approach has repeatedly outperformed traditional technical analysis by offering actionable insights during times of heightened uncertainty.

Zeng stressed that in today’s fast-moving financial markets, timing is everything, and DiNapoli Indicators offer the precision necessary to navigate the complexities of modern trading environments. According to Zeng, these indicators are essential for traders and financial professionals aiming to capture opportunities while minimising exposure to unpredictable market swings.

As EBC continues to expand its operations across emerging markets, it remains committed to providing global traders with tailored tools and educational resources, ensuring that they are equipped to navigate both local and international market dynamics.

Capital Markets Under Pressure: Dr. Hua-Shen Pan on Geopolitical Risks and Economic Countermeasures
Dr. Hua-Shen Pan, an esteemed economic analyst and columnist, delivered a pointed examination of the global geopolitical risks that are currently shaping capital flows and investment strategies. Addressing the audience, Dr. Pan highlighted how geopolitical volatility has become a primary driver of market instability, overshadowing traditional economic indicators.

Dr. Pan drew attention to China’s economic trajectory, which he identified as a critical factor influencing the global financial system. As the Chinese government introduces new stimulus measures, the global financial community is watching closely to gauge the effectiveness of these policies in stabilising the world’s second-largest economy.

He further explained how geopolitical flashpoints, including the ongoing conflict in Ukraine and instability in the Middle East, are exacerbating energy price shocks and complicating efforts by central banks to control inflation. Dr. Pan highlighted the growing disconnect between economic fundamentals and market reactions, pointing out that traditional models of economic forecasting are struggling to account for the disruptive influence of geopolitical events.

Dr. Pan argued that while geopolitical tensions will continue to be a source of market volatility, investors must adapt by focusing on risk management and long-term strategies that account for unpredictable economic shifts. He highlighted the importance of understanding how global policy responses—from Federal Reserve actions to China’s economic policy—will shape the investment landscape in the years to come.

“Markets are no longer simply reacting to economic data,” Dr. Pan observed. “We are now in an era where geopolitical conflicts are driving capital decisions, and this requires a new strategic approach.”

Navigating Post-Fed Market Reactions: Joseph AuXano’s Key Insights
Joseph AuXano, Director of the DiNapoli Online Course (DAP), addressed one of the most pressing concerns for market participants—the aftermath of Federal Reserve rate cuts and their impact on market dynamics. AuXano demonstrated how DiNapoli Indicators can be used to accurately assess market reactions following Fed decisions, offering traders a powerful tool to anticipate volatility and make informed decisions.

Through a detailed analysis of recent FOMC meetings, AuXano illustrated how major stocks, including Tesla and Nvidia, responded to rate cuts. He demonstrated how the MACD Predictor and DiNapoli Expansion tools provide crucial early signals, enabling traders to identify high-probability trades by spotting key support and resistance levels in advance.

AuXano emphasised the importance of using multi-timeframe analysis, highlighting that relying solely on short-term trends leaves traders vulnerable to unpredictable market swings. By incorporating the DiNapoli Indicators, investors are better equipped to navigate both short-term fluctuations and long-term trends.

“After each Fed decision, markets are often thrown into chaos, with unpredictable movements. But by using these tools, traders can stay one step ahead, reading market signals more effectively,” AuXano explained.

He added, “Today’s economic forum has provided valuable insights into the various factors impacting markets, reading the markets by observing how price interacts with DiNapoli Indicators gives traders and investors an additional edge when seeking to navigate market volatility. It’s about staying disciplined and structured, especially in today’s economic and political climate, where interest rate changes and central bank policies play a key role.”

Mitigating Algorithmic Trading Risks: Insights from Rich Wang
Rich Wang, CTO of Provider Space, delved into the growing reliance on algorithmic trading and the risks that come with automated systems in today’s financial markets. Wang’s presentation centred on the need for robust risk management strategies that ensure consistent profitability, even as markets become increasingly volatile.

Wang highlighted the advantages and dangers of algorithmic trading, explaining that while automation can enhance trading efficiency and speed, it also exposes traders to greater risk if not properly managed. He shared real-world examples of how market volatility can trigger automated systems to make rapid, high-stakes trades that can spiral into significant losses without adequate safeguards in place.

Wang stressed the importance of incorporating stop-loss mechanisms and conducting thorough backtesting of algorithms to prevent systems from failing during market disruptions. He underscored that risk management needs to evolve alongside trading technology, particularly as markets become more sensitive to geopolitical events and central bank policy shifts.

“Automation can give traders an edge, but only when combined with solid risk management frameworks,” Wang said. He demonstrated how the latest risk mitigation strategies can be integrated into automated trading systems, allowing traders to maintain control and reduce their exposure to sudden market shocks.

Wrapping Up the Event
The event provided a wealth of strategic insights, equipping market participants with the tools and knowledge necessary to navigate today’s volatile financial landscape. From geopolitical risks to algorithmic trading and Fed rate-cut reactions, the symposium underscored the importance of using advanced technical indicators, like DiNapoli Levels, to manage risk and seize market opportunities.

As the global economic outlook remains uncertain, EBC Financial Group continues to lead the conversation around financial resilience, offering investors and traders the necessary foresight to adapt to these evolving challenges.

For more information, high-resolution images, or speaker materials, please contact:

Media Contact:
Angela Wu
Global Public Relations (Taiwan)
angela.wu@ebc.com

Chyna Elvina
Global Public Relations Manager (APAC, LATAM)
chyna.elvina@ebc.com

Douglas Chew
Global Public Relations Lead
douglas.chew@ebc.com

About EBC Financial Group
Founded in the esteemed financial district of London, EBC Financial Group (EBC) is renowned for its comprehensive suite of services that includes financial brokerage, asset management, and comprehensive investment solutions. EBC has quickly established its position as a global brokerage firm, with an extensive presence in key financial hubs such as London, Hong Kong, Tokyo, Singapore, Sydney, the Cayman Islands, and across emerging markets in Latin America, Southeast Asia, Africa, and India. EBC caters to a diverse clientele of retail, professional, and institutional investors worldwide.

Recognised by multiple awards, EBC prides itself on adhering to the leading levels of ethical standards and international regulation. EBC Financial Group’s subsidiaries are regulated and licensed in their local jurisdictions. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA), EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA), EBC Financial Group (Australia) Pty Ltd, and EBC Asset Management Pty Ltd are regulated by Australia’s Securities and Investments Commission (ASIC).

At the core of EBC Group are seasoned professionals with over 30 years of profound experience in major financial institutions, having adeptly navigated through significant economic cycles from the Plaza Accord to the 2015 Swiss franc crisis. EBC champions a culture where integrity, respect, and client asset security are paramount, ensuring that every investor engagement is treated with the utmost seriousness it deserves.

EBC is the Official Foreign Exchange Partner of FC Barcelona, offering specialised services in regions such as Asia, LATAM, the Middle East, Africa, and Oceania. EBC is also a partner of United to Beat Malaria, a campaign of the United Nations Foundation, aiming to improve global health outcomes. Starting February 2024, EBC supports the ‘What Economists Really Do’ public engagement series by Oxford University’s Department of Economics, demystifying economics, and its application to major societal challenges to enhance public understanding and dialogue.

https://www.ebc.com/

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/564383fa-f7de-4825-8a3d-d644cd768c51
https://www.globenewswire.com/NewsRoom/AttachmentNg/fd1d9d72-b653-4979-ba30-f35bb4ed4402
https://www.globenewswire.com/NewsRoom/AttachmentNg/f89d66ee-0f78-44df-8b49-fe8f8d96d3aa

The MIL Network –

January 24, 2025
MIL-OSI: Volta Finance Limited Annual Financial Report and Notice of Annual General Meeting
Source: GlobeNewswire (MIL-OSI)

Volta Finance Limited (VTA/VTAS)
Legal Entity Identification Code: 2138004N6QDNAZ2V3W80

Publication of the Annual Report and Audited Financial Statements
(the “Accounts”) for the financial year ended 31 July 2024 and
Notice of the Annual General Meeting

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, IN OR INTO
THE UNITED STATES

*****

Guernsey, 22 October 2024

Volta Finance Limited has published its results for the financial year ended 31 July 2024. The 2024 Accounts are attached to this release and will be available on the Volta Finance Limited website (http://www.voltafinance.com).

Notice of the Annual General Meeting of Volta Finance Limited on Thursday 5 December 2024 may be found at pages 86 and 87 of the Accounts.

For further information, please contact:

Company Secretary and Portfolio Administrator
BNP Paribas S.A., Guernsey Branch
guernsey.bp2s.volta.cosec@bnpparibas.com
+44 (0) 1481 750 853

Corporate Broker
Cavendish Financial plc
Andrew Worne
Daniel Balabanoff
+44 (0) 20 7397 8900

For the Investment Manager
AXA Investment Managers Paris
François Touati

francois.touati@axa-im.com
+33 (0) 1 44 45 80 22

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ABOUT VOLTA FINANCE LIMITED

Volta Finance Limited is incorporated in Guernsey under the Companies (Guernsey) Law, 2008 (as amended) and listed on Euronext Amsterdam and the London Stock Exchange’s Main Market for listed securities. Volta’s home member state for the purposes of the EU Transparency Directive is the Netherlands. As such, Volta is subject to regulation and supervision by the AFM, being the regulator for financial markets in the Netherlands.

Volta’s Investment objectives are to preserve its capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis. The Company currently seeks to achieve its investment objectives by pursuing exposure predominantly to CLO’s and similar asset classes. A more diversified investment strategy across structured finance assets may be pursued opportunistically. The Company has appointed AXA Investment Managers Paris an investment management company with a division specialised in structured credit, for the investment management of all its assets.

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ABOUT AXA INVESTMENT MANAGERS
AXA Investment Managers (AXA IM) is a multi-expert asset management company within the AXA Group, a global leader in financial protection and wealth management. AXA IM is one of the largest European-based asset managers with 2,850 professionals and €844 billion in assets under management as of the end of December 2023.

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This press release is published by AXA Investment Managers Paris (“AXA IM”), in its capacity as alternative investment fund manager (within the meaning of Directive 2011/61/EU, the “AIFM Directive”) of Volta Finance Limited (the “Volta Finance”) whose portfolio is managed by AXA IM.

This press release is for information only and does not constitute an invitation or inducement to acquire shares in Volta Finance. Its circulation may be prohibited in certain jurisdictions and no recipient may circulate copies of this document in breach of such limitations or restrictions. This document is not an offer for sale of the securities referred to herein in the United States or to persons who are “U.S. persons” for purposes of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or otherwise in circumstances where such offer would be restricted by applicable law. Such securities may not be sold in the United States absent registration or an exemption from registration from the Securities Act. Volta Finance does not intend to register any portion of the offer of such securities in the United States or to conduct a public offering of such securities in the United States.

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This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). The securities referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Past performance cannot be relied on as a guide to future performance.

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This press release contains statements that are, or may deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, “anticipated”, “expects”, “intends”, “is/are expected”, “may”, “will” or “should”. They include the statements regarding the level of the dividend, the current market context and its impact on the long-term return of Volta Finance’s investments. By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. Volta Finance’s actual results, portfolio composition and performance may differ materially from the impression created by the forward-looking statements. AXA IM does not undertake any obligation to publicly update or revise forward-looking statements.

Any target information is based on certain assumptions as to future events which may not prove to be realised. Due to the uncertainty surrounding these future events, the targets are not intended to be and should not be regarded as profits or earnings or any other type of forecasts. There can be no assurance that any of these targets will be achieved. In addition, no assurance can be given that the investment objective will be achieved.

The figures provided that relate to past months or years and past performance cannot be relied on as a guide to future performance or construed as a reliable indicator as to future performance. Throughout this review, the citation of specific trades or strategies is intended to illustrate some of the investment methodologies and philosophies of Volta Finance, as implemented by AXA IM. The historical success or AXA IM’s belief in the future success, of any of these trades or strategies is not indicative of, and has no bearing on, future results.

The valuation of financial assets can vary significantly from the prices that the AXA IM could obtain if it sought to liquidate the positions on behalf of the Volta Finance due to market conditions and general economic environment. Such valuations do not constitute a fairness or similar opinion and should not be regarded as such.

Editor: AXA INVESTMENT MANAGERS PARIS, a company incorporated under the laws of France, having its registered office located at Tour Majunga, 6, Place de la Pyramide – 92800 Puteaux. AXA IMP is authorized by the Autorité des Marchés Financiers under registration number GP92008 as an alternative investment fund manager within the meaning of the AIFM Directive.

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Attachment
- 2024.07.31 VFL – Annual Report Final Unsigned
The MIL Network –
January 24, 2025

MIL-OSI: Share buybacks in Spar Nord Bank – transactions in week 42

Source: GlobeNewswire (MIL-OSI)

Company announcement no. 63

In company announcement no. 10 2024, Spar Nord announced a share buyback programme of up to DKK 500 million. The share buyback was initiated on 12 February 2024.

The purpose of the share buyback is to reduce the bank’s share capital by the shares acquired under the programme, and the programme is executed pursuant to Regulation (EU) No 596/2014 of 16 April 2014 (“Market Abuse Regulation”).

In last week the following transactions were made under the share buyback programme.

	Number of shares	Average purchase price (DKK)	Transaction value (DKK)
Accumulated from last announcement	2,650,197		332,897,389
14 October 2024	17,000	133.48	2,269,160
15 October 2024	17,000	135.01	2,295,170
16 October 2024	15,000	136.07	2.041,050
17 October 2024	14,000	138.43	1,938,020
18 October 2024	14,000	139.02	1,946,280
Total week 42	77,000		10,489,680
Total accumulated	2,727,197		343,387,069

Following the above transactions. Spar Nord holds a total of 2,822,917 treasury shares equal to 2.40 % of the Bank’s share capital.

Please direct any questions regarding this release to Rune Brandt Børglum, Head of Investor Relations on tel. + 45 96 34 42 36.

Rune Brandt Børglum
Head of Investor Relation

Attachment

No. 63 – Share buybacks – transactions in week 42 – UK

The MIL Network –

January 24, 2025

MIL-OSI: Black Gold Exploration Expands Acreage in Joint Venture with LGX Energy

Source: GlobeNewswire (MIL-OSI)

Vancouver, British Columbia, Canada, Oct. 22, 2024 (GLOBE NEWSWIRE) — BGX – Black Gold Exploration Corp. (“Black Gold” or the “Company”) (CSE: BGX) (FSE: P30) is pleased to announce the addition of 822 acres to the package of oil, gas and mineral leases in Clay County and Vigo County, Indiana that are subject to its ongoing joint venture with LGX Energy Corp. (“LGX”), bringing the total leased acreage subject to the JV to 911.9 acres (the “Leases”). When originally announced on August 7, 2024, the leased land package covered only 89.9 acres. This additional land package highlights LGX’s confidence in the JV and sets the stage for a strong long-term working relationship between the parties and success in these regions. The added acreage also strengthens Black Gold’s indirect foothold in one of the most promising oil-producing regions in the Midwest, where LGX is currently producing and is actively engaged in further exploration efforts.

The acreage is strategically located near LGX’s existing production assets. LGX is utilizing its extensive proprietary 2D seismic data and has now initiated advanced 3D seismic exploration to identify high-potential drilling sites on the Leases, with the goal of significantly boosting oil and gas output in these key counties.

Oil and Strategic U.S. Investment Opportunities

With the ongoing conflict in the Middle East, the demand for stable and secure energy sources has intensified. The robust infrastructure in Clay County and Vigo County, combined with LGX’s advanced seismic technology, uniquely positions Black Gold’s joint venture with LGX to take advantage of immediate production opportunities while also setting the stage for future exploration growth. In a volatile energy market, this strategic focus on established regions highlights the potential for sustained returns and enhanced energy security, making it an appealing choice for stakeholders navigating the evolving energy landscape.

“We are very excited with the larger lease holdings land parcel that LGX Energy Corp. has secured for our joint venture. This acquisition reinforces our commitment to providing stable, domestic energy sources in a market impacted by global instability. We hope that LGX’s advanced exploration efforts with 3D Seismic technology will ensure that we continue to identify high-potential drilling locations,” said Franciso Gulisiano, CEO of Black Gold.

On behalf of the Company,
Francisco Gulisano
236-266-5174
Chief Executive Officer

About Us

BGX – Black Gold Exploration Corp. (CSE: BGX) (FRE: P30) is an oil and gas exploration company dedicated to creating shareholder value through the acquisition, exploration and development of oil and gas projects. BGX currently has assets in Argentina and the United States. For more information visit: https://www.bgxcorp.com.

Forward-Looking Statements

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans, and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward- looking statements in this news release include, but are not limited to statements respecting: (i) the additional leases setting the stage for a strong long-term working relationship with LGX and strengthening Black Gold’s foothold in one of the most promising oil-producing regions in the Midwest; (ii) the identification of drill targets through 2D and 3D seismic exploration at the Clay and Vigo County properties and the goal of same; (iii) the intensification of demand for stable and secure energy sources; (iv) the Company being positioned to take advantage of immediate production opportunities while also setting the stage for future exploration growth; (v) the potential for sustained returns and enhanced energy security; (vi) the Company’s commitment to providing stable, domestic energy sources in a market impacted by global instability; and (vii) the Company’s strategic focus making it an appealing choice for stakeholders navigating the evolving energy landscape. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements, or otherwise. For a comprehensive overview of all risks that may impact the Company, please see the Company’s continuous disclosure documents filed on SEDAR+.

Neither the CSE nor the CSE’s Regulation Services Provider (as that term is defined in the policies of the CSE) accept responsibility for the accuracy of this release.

The MIL Network –

January 24, 2025
MIL-OSI Asia-Pac: MOEA Clarifies Media Report by MIT Technology Review on Alleged Assistance to Chinese Companies to Evade U.S. Tariffs

Source: Republic Of China Taiwan 2

On January 8, foreign media outlet MIT Technology Review inaccurately reported that the Taiwan government would assist Chinese companies in establishing operations in Taiwan to circumvent US tariffs. The Ministry of Economic Affairs (MOEA) regrets that the report was published without prior verification with the ministry. A formal letter has been sent to the media requesting a correction. The MOEA solemnly clarifies that its long-standing efforts have been directed toward assisting Taiwanese enterprises, not Chinese companies as the report incorrectly claimed. In response to the potential imposition of higher tariffs on Chinese products by the new U.S. administration, Minister Kuo has consistently emphasized the ministry’s support for Taiwanese businesses operating in China to relocate their production lines back to Taiwan or to other regions not affected by tariffs, including the United States.

The MOEA will continue to provide systematic support and resources based on the needs of businesses to help them diversify their investment strategies and build a resilient supply chain. Through the Taiwan Desk and the Connecting the World to Taiwan Policy, the ministry offers investment services to Taiwanese enterprises in eight New Southbound Policy countries, as well as in Japan and the Czech Republic. Additionally, economic divisions stationed in major countries and Taiwan Trade Centers are available to provide further assistance. In response to US policies and to meet the demands of Taiwanese enterprises’ clients, the government will continue to collaborate with the American Institute in Taiwan (AIT) to invite domestic industry associations and enterprises to participate in the 2025 SelectUSA Investment Summit, strengthening their presence in the US market.

Furthermore, Taiwanese businesses can take advantage of the Three Major Programs for Investing in Taiwan, which facilitate the relocation of high-end production capacity back to Taiwan. The program has been extended to 2027, with revised eligibility criteria to expand coverage to overseas Taiwanese enterprises and foreign-invested companies. The program focuses on five trusted industries, the service sector, and the healthcare industry, with a mandatory requirement for AI applications to enhance the resilience of the supply chain. These measures are designed to encourage the return of Taiwanese businesses from China.

Spokesperson: MOEA DOIP Deputy Director, Rio Lu
Tel: (02) 2389-2111 ext. 812
E-mail: rio@moea.gov.tw

Contact: MOEA DOIP Section Chief, Chuang Wen-Chang
Tel: (02) 2389-2111 ext. 110, 0922-007-093
E-mail: wcchuang@moea.gov.tw

MIL OSI Asia Pacific News –

January 24, 2025

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

Source: Agnico Eagle Mines

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

(All amounts expressed in Canadian dollars unless otherwise noted)

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

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

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

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

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

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

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

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

Shareholder type:

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

Beneficial

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

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

Registered

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

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

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

O3 Mining Board Transition

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

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

Additional Early Warning Disclosure Regarding O3 Mining

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

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

Early Warning Disclosure Regarding Cartier Resources

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

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

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

Early Warning Disclosure Regarding STLLR Gold Inc.

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

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

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

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

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

Advisors

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

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

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

About O3 Mining Inc.

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

About Agnico Eagle Mines Limited

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

Cautionary Note Regarding Forward-Looking Information

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

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

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

SOURCE Agnico Eagle Mines Limited

MIL OSI Economics –

January 24, 2025

MIL-OSI Canada: Government of Canada launches weekly briefings with industry stakeholders on Canada-U.S. economic relationship

Source: Government of Canada News (2)

Today, Chris Forbes, Deputy Minister of the Department of Finance Canada, hosted a briefing with Canadian industry and labour stakeholders and provincial and territorial representatives on Canada-U.S. economic issues. Canada’s Deputy Ambassador to the United States of America also joined the call.

MIL OSI Canada News –

January 24, 2025
MIL-OSI: Municipality Finance issues RON 106,5 million notes under its MTN programme

Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

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

MUNICIPALITY FINANCE PLC

Further information:

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

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

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

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

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

Important Information

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

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

The MIL Network –

January 24, 2025
MIL-OSI Africa: Algeria’s Bid Round Paves Way for $50B Hydrocarbon Investment Drive

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

PARIS, France, January 24, 2025/APO Group/ —

Algeria is set to invigorate its hydrocarbon sector with a substantial $50 billion investment over the next four years, focusing primarily on exploration and production activities. Central to this initiative is an ongoing licensing round, offering six onshore blocks to international and domestic energy companies. Although the 2024 round closes before the Invest in African Energy (IAE) Forum, taking place in Paris this May, the forum provides a platform for stakeholders to analyze the implications of this strategy, discuss upcoming results and explore partnerships for future rounds. Below is an overview of the available licensing opportunities, from technical specifications to potential implications for the sector.

Technical Specifications

The National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) has identified six onshore blocks for its current licensing round, which opened in November. These blocks include M’Zaid, Ahara, Reggane II and Zerafa II, which will be offered as Production Sharing Contracts (PSCs). Additionally, Toual and Kern El-Kassa will be made available as Participation Agreements. Together, these blocks cover approximately 152,000 km², representing a significant area for exploration and development.

These opportunities are supported by a wealth of geological and geophysical data. ALNAFT has compiled over 102,000 line-kilometers of 2D seismic data and more than 45,000 km² of 3D seismic data. This extensive dataset offers investors a clear and comprehensive view of Algeria’s subsurface potential, aiding in the identification of promising hydrocarbon prospects.

What to Expect

The licensing round opened on November 26, 2024, when tender documents and data rooms became accessible to interested parties. The deadline for bid submissions is April 15, 2025, and following the evaluation of bids, contracts will be officially awarded in Algiers on May 29, 2025. This carefully planned timeline reflects Algeria’s commitment to a transparent and efficient bidding process. Combined with its offering of both PSCs and Participation Agreements, this framework creates an environment conducive to collaboration, innovation and flexibility, attracting a diverse range of international and domestic investors to its hydrocarbon sector.

Moreover, the round is part of an ambitious five-year licensing strategy, which involves issuing one call per year through 2029. This long-term framework ensures a steady stream of investment opportunities, positioning Algeria as a reliable and strategic player in the global energy landscape.

Implications for the Sector

The 2024 licensing round represents a pivotal moment in Algeria’s strategy to increase hydrocarbon production and boost foreign investment. By offering expansive acreage backed by high-quality seismic data, Algeria is positioning itself as a prime destination for energy investments and new exploration activity. As part of the five-year licensing strategy extending through 2029, the round underscores Algeria’s long-term vision for its hydrocarbon sector. The regularity of these calls demonstrates Algeria’s commitment to fostering investor confidence and remaining a vital energy player in the region.

IAE 2025 (http://apo-opa.co/3CuyQxq) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit http://www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

MIL OSI Africa –

January 24, 2025
MIL-OSI: Metaverse Rising Again: Versity Adds Kuwaiti Royal Advisor to its Team and Prepares to Grow in the Middle East!

Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

Comment on the Collaboration by Frédéric Ibanez, President of Versity

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

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

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

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

Contact:
Frederic Ibanez
presse@versity.io

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

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

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

The MIL Network –

January 24, 2025
MIL-OSI Security: Update in response to allegations against Mohamed Al Fayed
Source: United Kingdom London Metropolitan Police

Between 2005 and 2023, the Met received 21 separate allegations in total against the late Mohamed Al Fayed.

Investigating officers approached the CPS for early investigative advice in relation to 10 of these allegations.

Detectives routinely forward cases to the CPS for early investigative advice to ensure the early development of a joint strategy for the prosecution . As part of this process, the CPS can offer expertise and advice around the evidential picture.

Based on the advice and dialogue with the CPS, no further action was taken in relation to the ten allegations officers sought early investigative advice on.

There was however sufficient evidence to pass two files of evidence to the CPS, which related to two separate allegations. No charges were brought by prosecutors.

The remaining nine allegations were reviewed by officers and no further action was taken. Two of those allegations resulted in no further action as Al Fayed died and therefore there was no prospect of a conviction.

Following recent media coverage and the Met’s public appeals for people to come forward and speak to the police, officers have now been contacted by 60 people reporting their experiences.

Detectives continue to build a fuller picture around the previous allegations against Al Fayed alongside partners in the criminal justice system. Looking forward, investigators are reviewing the new information which has come to light, in an effort to establish if there are any allegations of criminality that can be pursued against others who may have had some involvement in any offending.

Commander Stephen Clayman said: “I want to thank those who have put trust in us and come forward to share their experiences – this will have taken a huge amount of courage and bravery.

“We recognise the significance of the allegations and it is right that a detailed and thorough review takes place on previous allegations. And while we know that it isn’t possible to bring criminal proceedings against someone that has died, our priority is to give any potential victim-survivors a voice and ensure they receive the right care and support.

“We continue to explore a number of new lines of enquiry, thoroughly reviewing any new information and assessing whether there are any allegations of criminality which can be pursued.”

Breakdown of previous allegations

The Met received a total of 21 allegations relating to Al Fayed. These are broken down as follows:
- Investigators sought early investigative advice from the CPS around 10 of these allegations, which subsequently had no further action by police.
- Two allegations were included in two files of evidence passed to the CPS. No charges were brought by prosecutors.
- Two allegations were not referred to the CPS as Al Fayed had died.
- Seven allegations resulted in no further action taken by the police.
MIL Security OSI –
January 24, 2025
MIL-OSI Security: Deer lake — Update: RCMP continue to assist fire services in Deer Lake

Source: Royal Canadian Mounted Police

The Deer Lake RCMP continue to assist fire services at a hospitality establishment fire in Deer Lake.

This morning, at approximately 7 a.m., RCMP officers responded to a structure fire on Nicholsville Rd. near Main St. Upon arrival, RCMP officers learned that a woman had been treated for minor injuries by paramedics.

At this time, fire services continue their work and there’s no public safety risks associated with the propane tank at the scene. RCMP officers will remain at the scene to provide traffic control.

Investigators are continuing to contact all persons that were in the hotel at the time of the fire. Currently, it’s believed that everyone has been accounted for.

We continue to ask the public to avoid the area to allow first responders to do their work.

File # 2024-1544681

MIL Security OSI –

January 24, 2025
MIL-Evening Report: Indonesia’s new president, Prabowo Subianto, finds democracy ‘very tiring’. Are darker days ahead for the country?

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

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

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

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

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

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

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

The end of Reformasi?

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

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

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

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

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

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

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

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

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

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

Keeping the elites happy

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

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

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

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

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

Dealing with an obstructive court

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

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

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

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

Bold promises on the economy

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

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

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

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

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

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

More active foreign relations

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

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

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

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

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

Back to the future

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

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

Tim Lindsey receives funding from the Australian Research Council.

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

MIL OSI Analysis – EveningReport.nz –

January 24, 2025
MIL-OSI Global: More than money: The geopolitics behind Saudi Arabia’s sports strategy

Source: The Conversation – Canada – By Aaron Ettinger, Associate Professor, International Relations, Carleton University

There’s a saying in sports journalism: “The answer to all your questions is money.” But in the case of Saudi Arabia’s massive sports investment programs during the reign of Crown Prince Mohammed Bin Salman, money is not the whole story.

In a simple sense, there is a clear profit motive. With US$925 billion in assets in 2023, Saudi Arabia’s sovereign wealth fund exists to convert oil revenues into even greater national income.

Last year, the country’s Public Investment Fund reported $36.8 billion in profits. Since 2016, it has spent $51 billion on sports properties.

The point is not to turn bin Salman into the world’s greatest sports impresario. Rather, it’s that he’s seeking to improve the economic and geopolitical situation of Saudi Arabia through sports investments while ensuring the long-term survival of the Saudi regime.

Beyond Newcastle United, LIV Golf

Investing in sports is a common way for developing countries to announce their arrival on the global stage. Instead of one-and-done mega events, Saudi Arabia is pursuing a more dispersed and diverse approach.

The Public Investment Fund’s highest profile investments are well known, especially the 2021 purchase of Newcastle United of the English Premier League and the LIV golf tour that challenged the PGA’s decades-long dominance of the sport.

Beyond golf and soccer, Saudi Arabia has also spent dizzying sums on lower profile investments in esports, wrestling and motorsports. In other games, like chess and snooker, the profit motive is less clear.

The logical conclusion is that Saudi Arabia treats its sports investments as a loss leader — an unprofitable activity meant to stimulate more profitable activity somewhere else. In the words of Public Investment Fund’s 2022 annual report, international investment pools “allow Saudi Arabia to extend its global reach and influence.”

But what does that really mean?

‘Sportswashing’

The conventional term for Saudi Arabia’s strategy is sportswashing, the practice of reputation-laundering in the hopes that a cleaner national image will translate into soft power on the world stage.

Read more:
Sportswashing is just about everywhere – but it may be backfiring on the countries that do it

But that explanation doesn’t go far enough. For bin Salman, the suite of sports investments and properties is only a small part of a larger strategy to prepare Saudi Arabia for a 21st century when global oil demand is expected to fall by mid-century and geopolitics will become more complicated.

This is no secret: Saudi Arabia’s official grand strategy — Vision 2030 — envisions the complete modernization of the country’s economy and foreign policy. Saudi Arabia’s sports diplomacy is therefore part of a broader geopolitical strategy to prepare Saudi Arabia for an era of multipolarity, when power is distributed among several states.

Sports diplomacy also normalizes western financial and political engagement with the Saudi regime. Internationally, bin Salman wants to cultivate economic and security relationships with entities whose interests align with those of the Saudi royal family and the Saudi state, thereby ensuring the long-term health of both.

Regular interactions between Saudi Arabia and the West create an understanding that Riyadh is a “normal” place to do business — and if it’s good business, there is no reason to risk the relationship with too much rancour over its authoritarianism and abysmal human rights record. Sports investing, in short, is a Saudi hedge against western abandonment.

The allure of the big payday

To western eyes, the most troubling implication of Saudi sports investment is the normalization of authoritarian capitalism — economic freedom without political freedom — as a feature of the emerging international order.

Along with China, Russia, Singapore and others, Saudi Arabia represents an alternative to western democratic capitalism as a pathway to development.

This would be surprising to a previous generation of scholars and policymakers who once thought that free markets and free societies were a self-reinforcing phenomenon.

But given the staying power of authoritarian capitalism, doing business with dictators and strongmen has become inevitable and even desirable in some cases. In the sports world, few have resisted the charms of a huge payday.

Closely related to authoritarian capitalism is democratic backsliding. Around the world, the quality of democracy and freedom is eroding, and the slow-drip normalization of economic intercourse with authoritarian capitalists is part of that erosion.

Read more:
Could the world’s autocrats successfully plot to defeat the West?

How to proceed?

So can anything be done? Western states have options, but they’re limited.

After all, Saudi Arabia’s investments are legal and eagerly sought after by both private and public sectors.

Western officials can put up resistance to the awarding of mega events to authoritarian states. But mewling about problematic hosts means little unless liberal democracies are prepared to pay the hosting costs themselves, which they are increasingly unwilling to do.

Meanwhile, authoritarians are eager to host mega events and attract the prestige that comes with them. Currently, for example, Saudi Arabia is the sole bidder for the 2034 FIFA World Cup.

Countries could try regulatory intervention to delimit the extent of Saudi influence. National security is often used as a pretext for blocking foreign investments in strategically important sectors, like ports and 5G wireless networks.

Saudi plan is working

But golf and video games do not rise to the level of national security concern, so American regulators are unlikely to step in. Political intervention from the United States Congress or the White House is even less likely. Saudi Arabia is a key part of the American strategy on the Middle East to confront Iran, and quibbling too intensely about human rights or sports investment is not worth the strategic costs.

The genius of Saudi Arabia’s enterprise is that it’s power projection by consent. Investors and fans want what bin Salman is selling, governments have limited recourse and critics are left to grasp at standard, out-dated arguments.

For Saudi Arabia, however, its sports charm offensive is about more than money. It’s about an investment in the future prosperity and security of the kingdom and the longevity of the Saudi dynasty. So far, the plan is working.

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

– ref. More than money: The geopolitics behind Saudi Arabia’s sports strategy – https://theconversation.com/more-than-money-the-geopolitics-behind-saudi-arabias-sports-strategy-240512

MIL OSI – Global Reports –

January 24, 2025
MIL-OSI Canada: Statement by the Prime Minister on Small Business Week

Source: Government of Canada – Prime Minister

The Prime Minister, Justin Trudeau, today issued the following statement on Small Business Week, which runs from October 20 to 26, 2024:

“There are more than a million small and medium-sized businesses across Canada. Mom-and-pop shops. Start-ups. Brick-and-mortar stores that have served their communities generation after generation.

“Small businesses create jobs, grow our economy, and make Canada stronger. We’re making sure they have the supports they need to succeed.

“We enhanced the Canada Small Business Financing Program to help them scale-up. We’re delivering over $2.5 billion to an estimated 600,000 Canadian businesses through the new Canada Carbon Rebate for Small Businesses. As of yesterday, some credit card fees have been reduced by up to 27 per cent – saving small businesses $1 billion over the next five years. With initiatives like the Women Entrepreneurship Strategy, the Black Entrepreneurship Program, the Indigenous Growth Fund, and the 2SLGBTQI+ Entrepreneurship Program, we’re growing an inclusive and innovative small business economy. In short, we’re reducing fees for small businesses, putting more money in their pockets, and making sure more entrepreneurs can start their business sooner. And there’s a lot more work to be done.

“From local cafés to independent bookstores, small businesses represent the limitless potential of Canada. They might be called small businesses, but they’re anything but small. To the owners, entrepreneurs, and workers behind them: Thank you.

“This week, we’re celebrating you and your hard work.”

MIL OSI Canada News –

January 24, 2025
MIL-OSI Economics: Vietnam Offshore Wind Competitive Investor Selection Study

Source: Global Wind Energy Council – GWEC

Headline: Vietnam Offshore Wind Competitive Investor Selection Study

Offshore wind (OFW) is essential for Vietnam’s energy security, economic growth, and carbon reduction goals. Recent developments signal significant progress in advancing OFW development in Vietnam. Vietnam’s PDP8 (Power Development Plan 2021-2030, with a vision to 2050) establishes ambitious OFW targets of 6 GW by 2030 and between 70 to 91.5 GW by 2050.

Despite the ambitious target, the development of OFW has been hindered by a lack of a comprehensive regulatory framework and clear guidance on key processes such as marine spatial planning, leasing, and routes to market.

The current developer-led model may have served its purpose initially, but it lacks the efficiency and transparency necessary for rapid deployment of OFW projects. Defining a long-term competitive investor selection model for OFW would provide certainty to all stakeholders, allow the development of infrastructure and achieve learning curve cost reductions.

Therefore, GWEC has commissioned this forward-looking “Vietnam OFW Competitive Investor Selection Study” report. The report outlines industry’s position regarding the fit-for-purpose approach to a competitive investor selection process for OFW projects moving forward. This report has proposed a two-stage competitive model for OFW development in Vietnam.

MIL OSI Economics –

January 24, 2025
MIL-OSI United Kingdom: Government issues rallying cry to the nation to help fix NHS
Source: United Kingdom – Executive Government & Departments

Members of the public as well as NHS staff and experts will be invited to share their experiences views and ideas for fixing the NHS
Health Secretary calls on entire nation to shape the government’s plans to overhaul the NHS

Public, clinicians and experts urged to submit ideas for its future as new online platform Change.NHS.uk goes live today – putting staff and patients in driving seat of reform

Responses will shape government’s 10 Year Health Plan to fix broken health service and deliver government mission to build an NHS fit for the future

The biggest national conversation about the future of the NHS since its birth is set to be launched today (Monday 21 October), as the entire country is called upon to share their experiences of our health service and help shape the government’s 10 Year Health Plan.

Members of the public, as well as NHS staff and experts will be invited to share their experiences views and ideas for fixing the NHS via the online platform, change.nhs.uk, which will be live until the start of next year, and available via the NHS App.

The public engagement exercise will help shape the government’s 10 Year Health Plan which will be published in spring 2025 and will be underlined by three big shifts in healthcare – hospital to community, analogue to digital, and sickness to prevention.

As part of the first shift “from hospital to community”, the government wants to deliver plans for new neighbourhood health centres, which will be closer to homes and communities. Patients will be able to see family doctors, district nurses, care workers, physiotherapists, health visitors, or mental health specialists, all under the same roof.

In transforming the NHS from analogue to digital, the government will create a more modern NHS by bringing together a single patient record, summarising patient health information, test results, and letters in one place, through the NHS App. It will put patients in control of their own medical history, meaning they don’t have to repeat it at every appointment, and that staff have the full picture of patients’ health. New laws are set to be introduced to make NHS patient health records available across all NHS trusts, GP surgeries and ambulance services in England – speeding up patient care, reducing repeat medical tests, and minimising medication errors.

Systems will be able to share data more easily, saving NHS staff an estimated 140,000 hours of NHS staffs’ time every year, because staff will have quicker access to patient data, saving time that can then be spent face-to-face with patients who need it most and potentially saving lives.

By moving from sickness to prevention, government wants to shorten the amount of time people spend in-ill health and prevent illnesses before they happen. As an example, the 10 Year Health Plan will explore the opportunities smart watches and other wearable tech may offer patients with diabetes or high blood pressure, so they can monitor their own health from the comfort of their own home.

The launch of the new online platform will take place at a health centre in East London, where the Secretary of State will meet with the Chief Executive of the London Ambulance Service before the first engagement event involving NHS staff from across the healthcare system as a start to the national conversation.

Prime Minister Keir Starmer said:

My mum worked for the NHS, my sister worked for the NHS and my wife still works for the NHS – so I know first-hand how difficult it has been for staff, and for patients battling against a broken system for over a decade. But it’s time to roll up our sleeves and fix it.

We have a clear plan to fix the health service, but it’s only right that we hear from the people who rely on the NHS every day to have their say and shape our plan as we deliver it. Together we can build a healthcare system that puts patients first and delivers the care that everyone deserves.

We have a huge opportunity to put the NHS back on its feet. So, let’s be the generation that took the NHS from the worst crisis in its history and made it fit for the future.

Health and Social Care Secretary Wes Streeting said:

When I was diagnosed with kidney cancer, the NHS saved my life, as it has for so many people across our country. We all owe the NHS a debt of gratitude for a moment in our lives when it was there for us, when we needed it. Now we have a chance to repay that debt.

Today the NHS is going through the worst crisis in its history. But while the NHS is broken, it’s not beaten. Together, we can fix it.

Whether you use the NHS or work in it, you see first-hand what’s great, but also what isn’t working. We need your ideas to help turn the NHS around.

In order to save the things we love about the NHS, we need to change it. Our 10 Year Health Plan will transform the NHS to make it fit for the future, and it will have patients’ and staff’s fingerprints all over it.

I urge everyone to go to Change.NHS.uk today and help us build a health service fit for the future.

Investment alone won’t be enough to tackle the problems facing the NHS, why is why it must go hand in hand with fundamental reform.

The three big shifts will be our key principles for reform and will revolutionise the way people manage their health and access care. Our reforms will also shift the NHS away from late diagnosis and treatment to a model where more services are delivered in local communities and illnesses are prevented in the first place.

It is vital the government hears from patients, experts and the NHS workforce to make sure we get this right and preserve the things people value about the health service.

NHS England Chief Executive Amanda Pritchard said:

NHS staff are facing an unprecedented number of challenges – with record demand for care, alongside growing pressures from an ageing population, rising levels of multiple long-term illnesses and patients with more complex needs. And they are often hampered by working in crumbling buildings with outdated tech, meaning too many patients are waiting too long for care they need.

So, it is vital the health service innovates and adapts – as it has always done throughout its 76-year history – to design and deliver an NHS fit for the future.

The 10 Year Health Plan is a chance to make the best practice, normal practice across the country. So, we will be carrying out the largest ever staff engagement exercise in NHS history and leaving no stone unturned as we seek to harness frontline views, alongside those of patients and the public, to ensure this happens.

It is your experiences – good, bad, and sometimes frustrating – that we need to help shape this once in a generation opportunity, so please get involved!

Bold ambitions for the NHS can only be achieved by listening to the expertise and knowledge of its 1.54 million strong workforce. Their understanding of what’s holding them back from performing at their best will help us bring down waiting times and provide the world class care the public deserve.

The government has already taken immediate action to address challenges in the health service and deliver an NHS fit for the future. Whether that’s agreeing a deal with resident doctors within weeks, securing a funding increase for GP practices to manage rising pressures or hiring an extra 1,000 GPs into the NHS by the end of this year, there are both short- and long-term reforms working hand in hand.

Lord Ara Darzi said:

As my recent Investigation found, the NHS is in need of urgent and fundamental reform. The 10 Year Health Plan comes at a crucial moment—and by describing the ultimate destination for the health service, it will help improve decision-making in the here and now.

The start of this national conversation on the future of the NHS follows on from Lord Darzi’s independent report into the health service that diagnosed its condition. Lord Darzi concluded the NHS is in a ‘critical condition’ with surging waiting lists and a deterioration in the nation’s underlying health, identifying serious and widespread problems for people accessing services.

The launch of the engagement exercise for the 10 Year Health Plan will build on these findings and is the next step to delivering the Government’s mission to fix the NHS and deliver a health service fit for the future.

Rachel Power Chief Executive, The Patients Association said:

We warmly welcome this ambitious initiative to engage with patients, staff, and the public on the future of our NHS. For far too long, many patients have felt their voices weren’t fully heard in shaping health services. This national conversation, initiated by the government, marks a significant step towards genuine patient partnership and puts patients at the heart of the NHS’s evolution.

Through our work as an independent charity, we speak directly with thousands of patients living with various health conditions each year. This gives us valuable insights into diverse experiences across the health and care system, from widely shared patient needs to unique challenges faced by underrepresented groups. We’re eager to contribute these wide-ranging perspectives to help shape a health service that truly meets the needs of everyone it serves.

Louise Ansari, Chief Executive of Healthwatch England said:

We know people appreciate the hard work of NHS staff, but they are all too aware that the NHS faces many challenges that need fixing. The 10-year plan provides the opportunity to do this.

We urge everyone to have their say on how the NHS should deliver better care to people where and when it is needed, more support to help people stay well, and a culture of listening to and acting on the views of patients.

All too often, people face unequal access to care, with disabled people and those on lower incomes being particularly at risk. The NHS belongs to us all, so you must speak up and help create a health service that is fit for the future – equal and inclusive for everyone.

Cllr Louise Gittins, Chair of the Local Government Association said:

The NHS rightly holds a place in our nation’s heart, being there for us at moments of great joy, deep sadness, and everything in between. It is also one of local government’s most important partners. What each side does can impact the other.

Every one of us is unique, complex and carries different ambitions. The NHS plays a key role in helping us to live the life we want to lead, but it cannot do it alone. Through social care and wider wellbeing activity, councils play an essential role in supporting people to do what matters most to them and live a meaningful life. This exercise is therefore crucial for the future of health, social care and wellbeing.

Caroline Abrahams, Charity Director at Age UK said:

We are delighted to see this first, essential part of developing the 10-year plan getting going. With our rapidly ageing population it’s important that the plan takes fully into account the needs of tomorrow’s older people as well as today’s and helps all of us to age confidently and well. We encourage everyone to get involved and have their say – it’s almost certainly a once in a generation opportunity to do so.

The Deputy Chief Executive of NHS Providers, Saffron Cordery said:

This will be a landmark moment for the NHS. Trust leaders are ready and willing to work with the government to tackle the many challenges the NHS currently faces to create a ‘next generation’ NHS fit for the future.

Jacob Lant, Chief Executive of National Voices said:

We are encouraged by the ambitious approach the Government is taking to involve patients and organisations from across the sector in shaping the 10 Year Plan. We are excited to play our part in this, and will be working with our members to ensure that people from marginalised and minoritised communities are able to shape the discussions and big decisions ahead.

Closing the gap in healthy life expectancy is a shared ambition of this Government and the National Voices coalition, and we will work tirelessly to ensure no groups are left behind.

Matthew Taylor, Chief Executive of the NHS Confederation said:

Following more than a decade of underinvestment and in the face of some serious challenges we are reaching a turning point for the NHS. The 10-year plan will set the service on a path towards being put on sustainable footing so that it can best serve our population. No one working in the NHS will argue that it works perfectly – its staff have been crying out for change and we hope the ten-year plan will deliver for them and their communities, including by listening to the reality of their experiences and by incorporating the many examples of best practice and innovation that are taking place across the country.

Helen Walker, Chief Executive of Carers UK said:

We are excited to see this first engagement phase of the NHS 10 Year Plan, a process which will include unpaid carers and ask for their views about the kind of health service they want to see in the future.

We wholeheartedly agree with the recommendations from the Darzi review which suggested there should be a “fresh approach to supporting unpaid carers”. Unpaid carers are critical to the NHS and the NHS is a critical service for them, but it’s not always set up to help carers and can make their lives harder.

England’s 4.7 million unpaid carers provide the bulk of support for older, ill and disabled relatives, helping millions to live in local communities where they want to be. Their support is valued at £152 billion, the equivalent of a second NHS, but they also face greater health inequalities and poorer health outcomes.

With one in three NHS staff also juggling work and care, there’s a real opportunity to create a service which truly supports families who provide unpaid care. We see this as a win:win situation – helping families and building an NHS which is fit for the future; delivering better outcomes for everyone.

Cancer Research UK’s chief executive, Michelle Mitchell, said:

We welcome the UK Government’s move to start a public conversation about the future of the NHS in England. Despite the best efforts of its hard-working staff, the NHS is under extreme pressure. This exercise is another important step in the process towards developing a 10-Year-Plan that should ensure all cancer patients across the UK get the care they deserve.

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Published 21 October 2024
MIL OSI United Kingdom –
January 24, 2025
MIL-OSI United Kingdom: Building economic opportunities in Asia

Source: Scottish Government

Extending international business links.

Scotland’s first Trade Envoy to Japan has been appointed to secure international investment.

Stephen Baker will identify new opportunities in Japan’s thriving energy transition, pharmaceuticals, med-tech and food sectors.

Making this announcement ahead of a trade mission to Singapore and Malaysia, Business Minister Richard Lochhead said:

“Increasing trade and attracting inward investment are vital components of a thriving, growing economy and the Scottish Government’s clear message is that Scotland is open for business.

“Scottish businesses already have a strong track record when it comes to exports to the Asian market and attracting inward investment, given Scotland’s position as the UK’s most attractive place for inward investment outside London.

“This appointment will help Scotland to increase business opportunities with similar Japanese companies and organisations, like Sumitomo’s £350 million investment in a manufacturing plant in Nigg.”

The Scottish Government’s Trade and Investment Envoy for Japan Stephen Baker said:

“Japan and the UK share a strong and vibrant partnership, with Scotland taking a leading role in the energy transition. Given Japan’s substantial economy, there are significant opportunities for trade and investment. Now is the perfect time to include Japan in your business strategy and I look forward to maximising the benefits of this global partnership for Scotland.”

Background

The unpaid Japan Envoy role will last for an initial two-year term.

Mr Baker spent 21 years with Sony, before joining Scottish Development International in 2006, initially covering both trade and investment as Japan Country Head, and later as Regional Director for Information and communications technology, Creative Industry, Financial Services, and Global Business Services. Stephen also served as the Asia Pacific Regional Director for Inward Investment into Scotland.

Mr Lochhead’s trip to Singapore and Kuala Lumpur will take place between 21-24 October. The visit will include meetings with existing and potential investors. Full details on Ministerial travel and engagements are published pro-actively online.

Sumitomo subsea cabling plant was secured thanks to a £24.5 million investment from the Scottish Government, Highlands and Islands Enterprise and Scottish Enterprise.

Scottish international export statistics

MIL OSI United Kingdom –

January 24, 2025
MIL-OSI Reportage: BNZ launches Tech Business Hub to empower early-stage technology businesses

Source: BNZ statements

New Zealand’s tech sector is set to get a boost thanks to the launch of the country’s first dedicated banking hub for early-stage technology businesses.

The Waikato-based BNZ Tech Business Hub is designed to address the unique needs of early-stage tech companies.

It offers BNZ customers access to bankers with specific training and expertise who are equipped to offer financial services to address the unique challenges and opportunities faced in the technology industries.

Tim Wixon, Head of Technology Industries at BNZ, says, “BNZ’s Tech Business Hub is not just a new offering – it represents a philosophical shift in how we approach banking for this sector. Technology businesses have distinct needs which have not historically been met by traditional banking models. Our hub will help fill this gap by offering practical guidance, advice, and tailored services to help accelerate sector growth.”

According to the Technology Investment Network, the top 200 New Zealand tech companies generated the second largest source of offshore revenue after dairy. The industry is also growing faster than any other in New Zealand and offers salaries around 30% higher than the New Zealand average.

“Technology Industries continue to be an increasingly important part of the New Zealand economy. Every year, we see more of our country’s tech companies succeed on the world stage and BNZ remains committed to assist wherever possible”, says Mr Wixon.

BNZ is ambitious in its support for technology companies in New Zealand, launching a range of innovative solutions in recent years to assist the sector, including Contracted Receivables Financing, Revenue Based Financing for SaaS businesses, and Project Scale Up, which provide high-potential and high-growth technology businesses with access to non-dilutive capital.

The new Tech Business Hub complements these offerings, underscoring BNZ’s commitment to fostering a vibrant homegrown tech ecosystem.

Tech Business Hub Team Manager – Figo Liu – says, “Tech businesses require banking partners who speak their language and understand their journey. Our goal is to nurture the tech and startup ecosystem by making it easier to start a business and grow.”

With the Tech Business Hub now up and running, BNZ is turning its attention to further ways that it can support tech businesses at all stages of their lifecycle.

“We believe that New Zealand’s tech sector has enormous potential, and we want to do everything we can to help these businesses succeed,” says Mr Wixon. “The BNZ Tech Business Hub is the next step in our commitment to this important part of our economy, and we look forward to working closely with tech entrepreneurs and innovators to help them achieve their goals.”

The post BNZ launches Tech Business Hub to empower early-stage technology businesses appeared first on BNZ Debrief.

MIL OSI Analysis –

January 24, 2025
MIL-OSI China: Chinese listed companies to receive loans for share buybacks, increasing shareholdings

Source: China State Council Information Office 3

More than 20 Chinese listed companies on Sunday announced that they have signed agreements with financial institutions or obtained commitment letters to secure loans for share buybacks and increasing shareholdings.

The announcements came after China’s central bank launched a special re-lending facility aimed at guiding banks to provide loans to listed companies and their major shareholders for buybacks and increasing shareholdings on Friday.

The initial re-lending scale is 300 billion yuan (about 42.09 billion U.S. dollars) at an interest rate of 1.75 percent. The facility can be applied to various types of companies regardless of their ownership, according to the central bank.

To actively respond to and fully leverage the policy tool introduced by the relevant regulatory body for supporting share buybacks, the company on Oct. 19 signed a credit agreement with the Bank of China to obtain a credit line of no more than 900 million yuan, which will be used for the company’s share buybacks in the A-share market, Sinopec said in an online statement published Sunday.

Sinopec also revealed that its controlling shareholder China Petrochemical Corporation signed an agreement with the bank to obtain a credit line of 700 million yuan. This funding will be used by the corporation to increase its shareholdings in Sinopec within the A-share market.

Other companies that have announced plans to secure loans for share buybacks or increasing shareholdings include China Merchants Port Group Co., Ltd. and Sinotrans Limited.

The re-lending facility offers low-cost funds to financial institutions, which in turn helps to reduce the financing costs for listed companies and major shareholders, said Tian Lihui, head of the Institute of Finance and Development at Nankai University.

It also helps enhance the inherent stability of China’s capital market, maintain the stable operation of the market and boost market confidence, Tian added.

MIL OSI China News –

January 24, 2025
MIL-OSI Asia-Pac: FS attends APEC Finance Ministers’ Meeting in Peru (with photos/video)

Source: Hong Kong Government special administrative region

     â€‹The Financial Secretary, Mr Paul Chan, began his visit in Lima, Peru, yesterday (October 20, Lima time) to attend the Asia-Pacific Economic Cooperation (APEC) Finance Ministers’ Meeting (FMM) and related activities.

     In the morning, Mr Chan attended the Finance Ministers’ Retreat. The meeting focused on discussing the fiscal policies of economies and several specific topics, including tax administration, promoting quality infrastructure development, and the digital transformation of financial services.

     Mr Chan introduced the latest developments in Hong Kong regarding these topics. He specifically shared Hong Kong’s experience in issuing retail bonds to support infrastructure projects that benefit the economy and people’s lives. He highlighted that this arrangement allows residents to participate in advancing infrastructure projects, and providing them with a safe, reliable, and stable investment option, while also raising funds for these projects. This approach achieves the dual goals of supporting inclusive finance and infrastructure development. Mr Chan also shared Hong Kong’s progress in promoting the digitalisation of financial services, including ongoing optimisation of the fintech ecosystem, launching regulatory sandboxes to test and promote innovative projects across various financial sectors, and facilitating data sharing between small and medium-sized enterprises and banks to facilitate business lending.

     In the afternoon, Mr Chan attended the High Level Event on Sustainable Finance under FMM, engaging in in-depth discussions with attending finance ministers and representatives from various business sectors on the strategies for the development of sustainable finance and transition finance, governance frameworks, and international cooperation. Mr Chan outlined the Hong Kong Special Administrative Region Government’s emission reduction targets and action strategies set forth in the “Hong Kong’s Climate Action Plan 2050.” He also shared Hong Kong’s latest developments as a leading green finance centre in Asia, including the issuance of green and sustainable bonds, participation in the formulation of relevant international standards and climate disclosure guidelines, talent training, and promoting transition finance to build a thriving green and sustainable finance ecosystem. Moreover, a steering group comprising all financial regulators has been established to drive related efforts.

     Mr Chan also met with Vice Minister of Finance of China Mr Liao Min, as well as several representatives from participating economies, including the Minister of Economy and Finance of Peru, Mr José Arista Arbildo; the Minister for Transport and Second Minister for Finance of Singapore, Mr Chee Hong Tat, and Deputy Minister of Finance of Thailand Mr Paopoom Rojanasakul, to discuss deepening bilateral cooperation and exchange views on common concerns. In these bilateral meetings, Mr Chan introduced Hong Kong’s latest economic situation and various policy measures set out in the Policy Address delivered by the Chief Executive recently.

     In the evening, Mr Chan attended the welcome reception for the FMM.

     Mr Chan will continue to attend the FMM today (October 21, Lima time).

MIL OSI Asia Pacific News –

January 24, 2025
MIL-OSI NGOs: “Dispiriting, dangerous, anti-development” education and health cuts by nearly every country with World Bank and IMF loans

Source: Oxfam –

New global index reveals that nine out of ten countries worldwide are pursuing policies that are likely to increase levels of economic inequality.

94 percent of countries (94 out of 100 countries) with current World Bank and International Monetary Fund (IMF) loans have cut vital investments in public education, health and social protection over the past two years, according to a new report published today by Oxfam and Development Finance International (DFI).

The figure is even higher for International Development Association (IDA) countries, the world’s poorest countries —95 percent (40 out of 42 countries) have pursued such cuts.

“These cuts are not just dispiriting; they’re dangerous and fundamentally anti-development,” said Kate Donald, Head of Oxfam International’s Washington DC Office. “Too many Global South countries are facing the agonizing choice between investing in education and health or adopting austerity measures to keep up with crushing debt payments. These decisions come at a terrible human cost —millions of people depend on public services to thrive and build better lives for themselves and their children.”

“Last year, we applauded the World Bank for finally making inequality an institutional priority. But our latest findings show that both the Bank and IMF have a lot of work to do if they are to genuinely contribute to tackling inequality rather than perpetuate it,” said Donald.

In 2023, under growing pressure from economists, shareholders and civil society, the World Bank introduced its first-ever “vision indicator” aimed at reducing the number of countries with high inequality (Gini of 0.4 or above). Despite this step forward, the Bank has watered down previous commitments to support progressive taxation, including increased taxation of the super-rich. Tackling inequality has so far not been incorporated into the policy framework for the upcoming replenishment of the Bank’s IDA, which provides grants or low-interest loans to the world’s poorest countries, over half of which are in Africa. Inequality is high or increasing in 54 percent of countries that receive funds from IDA.

Using the latest data from government budgets, the “Commitment to Reducing Inequality (CRI) Index 2024” ranks 164 governments on their policies regarding public services, tax, and workers’ rights —policies central to reducing inequality. This year’s edition shows that, for the first time since the Index began in 2017, the majority of countries are backsliding across all the three critical areas.

Overall, 84 percent of countries have cut investment in education, health and social protection, 81 percent weakened their tax systems’ ability to reduce inequality, and in 90 percent of them, labour rights and minimum wages have worsened.

Some countries have improved their ranking since 2022. Burkina Faso and Vanuatu increased their minimum wage, Croatia boosted investment in health, and Guyana retains one of the highest corporate tax rates (40 percent).

Others have fallen sharply, including Argentina whose new government has slashed public health and education budgets by 76 percent and 60 percent, respectively, and is phasing out the country’s wealth tax. Pakistan has cut education and social protection budget shares by a third under IMF-imposed austerity measures.

Even the top performers, high-income countries led by Norway and Canada, are lagging in many indicators. Around 5 percent of their populations face catastrophic out-of-pocket healthcare costs. Excepting Japan, most have low rates of corporate income tax. Denmark has been cutting the income tax rate paid by the richest 1 percent for years.

The bottom performers in the Index remain dominated by those from Sub-Saharan Africa (all countries in the region have World Bank and IMF programs). In addition to low tax revenues, the debt crisis, conflict and climate breakdown are diverting scarce resources from education, health and social safety nets. On average, low- and middle-income countries are spending 48 percent of their budgets on debt service, far more than they do on education and health combined. Six of the bottom ten countries are in or at high risk of debt distress.

Higher taxes on the income and wealth of the super-rich could raise trillions of dollars to plug financing gaps for public services in low- and middle-income countries. At the G20 finance ministers’ meeting in July 2024, for the first time in history, the world’s largest economies agreed to cooperate to tax the ultra-rich, a move welcomed by President of the World Bank Ajay Banga.

“The world’s governments are doing even less to fight inequality, exacerbating extremism and undermining growth. With the World Bank adopting a new anti-inequality target, the World Bank and IMF have a new opportunity to champion policies which cut inequality —free public services, fairer tax systems, and stronger workers’ rights. They must seize this with both hands,” said Matthew Martin, Executive Director of DFI.

Download Oxfam and DFI’s “Commitment to Reducing Inequality (CRI) Index 2024” at http://www.inequalityindex.org. Development Finance International (DFI) is a non-profit capacity-building, advocacy, advisory and research group.

According to Oxfam’s research, inequality is high or increasing in 25 (54 percent) of countries that receive funds from IDA.

Significant investment from the World Bank is needed to radically and rapidly improve data on inequality, particularly on the incomes and the wealth of those at the top. For more than 100 countries, the most recent data available is from 2019 or earlier, predating the last five years of crisis.

MIL OSI NGO –

January 24, 2025
MIL-OSI New Zealand: Progress towards Auckland’s climate goals puts resilience at the forefront
Source: Auckland Council

From increasing public transport options, to decarbonising the council’s operations, to community food initiatives and building resilience to flood events, Auckland Council is delivering tangible, positive climate outcomes for Aucklanders. That’s according to Auckland Council’s Te Tāruke-ā-Tāwhiri: Auckland’s Climate Plan 2024 progress snapshot.

Councillor Richard Hills, Chair of the council’s Policy and Planning Committee applauds the progress already made but reminds us that to maintain momentum and achieve our climate goals requires continued commitment from all of us.

“As a region, the scale and speed of climate action needed to make an impact on resilience continues to grow and will require increasing levels of cohesion and investment across both government and our council.”

Te Tāruke-ā-Tāwhiri: Auckland’s Climate Plan is Auckland Council’s long-term approach to climate action. It sets out eight priority action areas to deliver our goals to reduce carbon pollution and plan in ways that prevent further climate disruption.

Kataraina Maki, Auckland Council’s Chief Sustainability Officer, believes the council plays a crucial role in forward-thinking to make caring for everyone in a climate-disrupted future a reality.

“Imagine the lives we can all live when, across our communities, we are empowered to take the bold climate actions we need, and know are feasible. Te Tāruke-ā-Tāwhiri: Auckland’s Climate Plan provides long term solutions to make wise decisions now that will prevent further disruption to the climate later for future generations.

“Kia kotahi, Auckland Council supports our communities to unite, work together, and adapt to low-carbon, climate-prepared lifestyles to meet peoples’ needs and make our city better for everyone, especially those most vulnerable to climate disruption.”

The annual progress report highlights the council’s contribution towards the implementation of Te Tāruke-a-Tāwhiri: Auckland’s Climate Plan based on the levels of actions that are completed, in progress, and still required in reducing emissions and improving resilience to climate change. It also provides highlights of progress and key challenges for each priority in the plan along with a summary of key initiatives planned for the year ahead.

Key highlights of 2023/2024 report include:
- Collecting and diverting 20,000 tonnes of food scraps from landfill, exceeding the target of 18,000 tonnes for year one
- Investment in public transport to increase patronage up to 100 million boardings by March 2025
- Issuing three new green bonds increasing total green bond holdings to NZ $3.7 billion
- The Auckland Council climate grant funded 32 community-led projects, with approximately a third going to underserved communities
- Approximately 750,000 trees were planted across the region as part of the Urban Ngahere programme
- Several projects including Auckland Art Gallery and Auckland Domain Wintergardens have switched from gas to electricity and alternative energy sources, saving money and reducing emissions.
A planted area and stormwater stream beside the motorway in South Auckland.

Building resilience to future extreme weather events top priority for the council

In response to the 2023 extreme weather events, Auckland Council has partnered with the government to implement a $2 billion flood recovery and resilience package. As severe weather events happen more frequently, the council is preparing for the additional water we know to expect and preventing further flood risks through financial support for affected homeowners, supporting community-led responses and accelerating crucial repairs to affected infrastructure.

The Making Space for Water programme has been integral to this work where $820 million has been given to help build resilience, repair affected stormwater assets and reduce the impacts of future intense rainfall.

Councillor Hills says that rebuilding our infrastructure after big flooding and climate events can prevent worsening climate disruption.

“Rampant carbon pollution has trapped heat like a blanket in our atmosphere and warmed the oceans, leading to a disrupted climate and more extreme weather events. A lot more water is one of the effects,” he says.

“Auckland Council prioritises working alongside mana whenua, communities, and infrastructure experts to redesign our city to be more spongy to soak up this extra water and reduce heat in our neighbourhoods.

“By uncovering our natural waterways and enhancing and maintaining our stormwater systems through programmes like Making Space for Water, we’re giving water space to flow and rise to build resilience and reduce the impacts of future flooding.”

An electric bus on Waiheke Island.

Zero emission transport

Auckland’s public transport network is becoming fully electric. A total of 180 buses are now zero emissions in the fleet, making it the largest fleet of zero-emission buses of any city in Australasia. Investment in the transition from fossil fuels to lower emissions has also seen the construction of the first low emission ferries. The Climate Action Transport Targeted Rate has also increased our frequent bus network to forty routes in total, the most recent addition is the 94, which is seeing almost 400 new users each day.

Te Herenga Waka O Orewa Marae has received funding to repair flooring in the wharekai, an engineering design to improve stormwater management.

Mana whenua partnerships

Auckland Council supports leadership of mana whenua who have expertise in living in harmony with natural systems to care for their rohe and tāngata, using mātauranga Māori to guide how te taiao is valued and protected. The council supports climate resilience programmes across seven Auckland marae as part of the Resilient Marae Programme, and rangatahi Māori-led responses to the environment such as Mātātahi Taio to deliver climate action outcomes using traditional Māori knowledge systems and practices.

About the progress snapshot

The council group this year reports that based on the current allocation of funding for greenhouse gas emissions reduction, meeting the 2050 net zero target set in Te Tāruke-ā-Tāwhiri is becoming more challenging within timeframe and financial constraints. Regional emissions are also starting to rise, after they temporarily decreased during the COVID-19 pandemic.

The report identifies that we all face big challenges in a climate-disrupted future. Better, resilient lives for everyone are possible through bold community climate planning, and a sustained collective commitment and effort from government, the council, businesses, communities and individuals to climate action.

MIL OSI New Zealand News –
January 24, 2025

MIL-OSI Economics: Money Market Operations as on October 18, 2024

Source: Reserve Bank of India


(Amount in ₹ crore, Rate in Per cent)

	Volume (One Leg)	Weighted Average Rate	Range
A. Overnight Segment (I+II+III+IV)	6,170.25	6.31	5.50-6.55
I. Call Money	970.10	6.11	5.50-6.24
II. Triparty Repo	4,266.15	6.34	5.81-6.55
III. Market Repo	6.00	5.90	5.90-5.90
IV. Repo in Corporate Bond	928.00	6.40	6.39-6.45
B. Term Segment
I. Notice Money**	9,547.65	6.47	5.10-6.60
II. Term Money^@@	1,233.00	–	6.85-6.90
III. Triparty Repo	361,634.75	6.29	6.23-6.60
IV. Market Repo	150,948.36	6.29	5.00-6.64
V. Repo in Corporate Bond	0.00	–	–

	Auction Date	Tenor (Days)	Maturity Date	Amount	Current Rate / Cut off Rate
C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
I. Today’s Operations
1. Fixed Rate
2. Variable Rate^&
(I) Main Operation
(a) Repo
(b) Reverse Repo	Fri, 18/10/2024	13	Thu, 31/10/2024	20,073.00	6.49
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo	Fri, 18/10/2024	3	Mon, 21/10/2024	54,755.00	6.49
3. MSF^#	Fri, 18/10/2024	1	Sat, 19/10/2024	866.00	6.75
	Fri, 18/10/2024	2	Sun, 20/10/2024	0.00	6.75
	Fri, 18/10/2024	3	Mon, 21/10/2024	3,350.00	6.75
4. SDF^Δ#	Fri, 18/10/2024	1	Sat, 19/10/2024	144,586.00	6.25
	Fri, 18/10/2024	2	Sun, 20/10/2024	0.00	6.25
	Fri, 18/10/2024	3	Mon, 21/10/2024	4,259.00	6.25
5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*				-219,457.00
II. Outstanding Operations
1. Fixed Rate
2. Variable Rate^&
(I) Main Operation
(a) Repo
(b) Reverse Repo
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo
3. MSF^#
4. SDF^Δ#
5. On Tap Targeted Long Term Repo Operations^€	Mon, 15/11/2021	1095	Thu, 14/11/2024	250.00	4.00
5. On Tap Targeted Long Term Repo Operations^€	Mon, 27/12/2021	1095	Thu, 26/12/2024	2,275.00	4.00
6. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)^£	Mon, 15/11/2021	1095	Thu, 14/11/2024	105.00	4.00
	Mon, 22/11/2021	1095	Thu, 21/11/2024	100.00	4.00
	Mon, 29/11/2021	1095	Thu, 28/11/2024	305.00	4.00
	Mon, 13/12/2021	1095	Thu, 12/12/2024	150.00	4.00
	Mon, 20/12/2021	1095	Thu, 19/12/2024	100.00	4.00
	Mon, 27/12/2021	1095	Thu, 26/12/2024	255.00	4.00
D. Standing Liquidity Facility (SLF) Availed from RBI^$				7,222.87
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*				10,762.87
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*				-208,694.13
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on		October 18, 2024		991,699.56
(ii) Average daily cash reserve requirement for the fortnight ending		October 18, 2024		1,001,756.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on^¥		October 18, 2024		0.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on		October 04, 2024		488,495.00
^@ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
– Not Applicable / No Transaction.
** Relates to uncollateralized transactions of 2 to 14 days tenor.
^@@ Relates to uncollateralized transactions of 15 days to one year tenor.
^$ Includes refinance facilities extended by RBI.
^& As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
^Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
* Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
^€ As per the Press Release No. 2020-2021/520 dated October 21, 2020, Press Release No. 2020-2021/763 dated December 11, 2020, Press Release No. 2020-2021/1057 dated February 05, 2021 and Press Release No. 2021-2022/695 dated August 13, 2021.
^¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
^£ As per the Press Release No. 2021-2022/181 dated May 07, 2021 and Press Release No. 2021-2022/1023 dated October 11, 2021.
# As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
Ajit Prasad Deputy General Manager (Communications)
Press Release: 2024-2025/1340

MIL OSI Economics –

January 24, 2025

MIL-OSI Australia: Appointments – Members, Companies Auditors Disciplinary Board

Source: Australian Treasurer

The Albanese Government has today appointed Mr Michael Bray, Ms Julie Williams and Mr Matthew Green as part‑time accounting members of the Companies Auditors Disciplinary Board (CADB) for a three‑year period.

The CADB is an independent disciplinary body established by Part 11 of the Australian Securities and Investments Commission Act 2001 (ASIC Act).

CADB receives and reviews applications made to it by the Australian Securities and Investments Commission and the Australian Prudential Regulation Authority in respect of registered company auditors under the Corporations Act 2001.

Mr Bray specialises in financial statement audits in specialist industries with complex accounting and auditing issues. He has extensive experience in a number current and previous roles including as a Professor of Practice at Deakin University, a Director at the Australian Business Reporting Leaders Forum and a Special Adviser to the Chief Connectivity and Integrated Reporting Officer of the International Financial Reporting Standards Foundation.

Ms Williams has many years experience as a registered liquidator and is well‑versed in the financial regulatory framework, including the Corporations legislation. Her experience includes membership of the board of the Institute of Public Accountants where she chaired the IPA’s disciplinary committee and served as President between 2020 and 2023.

Mr Green is a partner at Forvis Mazars and a registered company auditor. He has a breadth of experience that includes providing audit and assurance services specialising in corporate reporting, accounting and auditing requirements, corporate law and governance, risk assessment and corporate transactions and valuations.

The Government has also reappointed Ms Adeline Hiew as a part‑time business member and Mr Tony Brain and Ms Ann‑Maree Robertson as part‑time accounting members of the CADB.

These appointments will continue the high level of skills and experience available to the CADB, to help ensure that the key sectors of our economy are effectively regulated.

MIL OSI News –

January 24, 2025
MIL-OSI Asia-Pac: FS attends APEC meeting in Peru

Source: Hong Kong Information Services

Financial Secretary Paul Chan began his visit in Lima, Peru, to attend the Asia-Pacific Economic Cooperation (APEC) Finance Ministers’ Meeting and related activities.

Yesterday morning, he attended the Finance Ministers’ Retreat, a meeting focused on discussing the fiscal policies of economies and several specific topics, including tax administration, promoting quality infrastructure development, and the digital transformation of financial services.

Mr Chan introduced the latest developments in Hong Kong regarding these topics and specifically shared Hong Kong’s experience in issuing retail bonds to support infrastructure projects that benefit the economy and people’s lives.

He highlighted that this arrangement allows residents to participate in advancing infrastructure projects, and providing them with a safe, reliable, and stable investment option, while also raising funds for such projects. This approach, Mr Chan pointed out, achieves the dual goals of supporting inclusive finance and infrastructure development.

He also shared Hong Kong’s progress in promoting the digitalisation of financial services, including ongoing optimisation of the fintech ecosystem, launching regulatory sandboxes to test and promote innovative projects across various financial sectors, and facilitating data sharing between small and medium-sized enterprises and banks to facilitate business lending.

In the afternoon, while participating in the High Level Event on Sustainable Finance under Finance Ministers’ Meeting, Mr Chan engaged in in-depth discussions with finance ministers on the strategies for the development of sustainable finance and transition finance, governance frameworks and international co-operation.

The Financial Secretary outlined the Hong Kong Special Administrative Region Government’s emission reduction targets and action strategies set forth in Hong Kong’s Climate Action Plan 2050.

Additionally, he shared Hong Kong’s latest developments as a leading green finance centre in Asia, including the issuance of green and sustainable bonds, participation in the formulation of relevant international standards and climate disclosure guidelines, talent training, and promoting transition finance to build a thriving green and sustainable finance ecosystem.

Moreover, he noted that a steering group comprising all financial regulators has been established to drive related efforts.

What’s more, Mr Chan met Vice Minister of Finance Liao Min as well as several representatives from participating economies, including Peru’s Minister of Economy & Finance José Arista Arbildo, Singapore’s Minister for Transport and Second Minister for Finance Chee Hong Tat and Thai Deputy Minister of Finance Paopoom Rojanasakul to discuss deepening bilateral co-operation and exchange views on common concerns.

During the bilateral meetings, Mr Chan introduced Hong Kong’s latest economic situation and various policy measures set out in the Policy Address that the Chief Executive delivered last week.

In the evening, he attended a welcome reception for the Finance Ministers’ Meeting.

MIL OSI Asia Pacific News –

January 24, 2025
MIL-OSI: Results of the Offering of Unsecured Subordinated Bonds of Bigbank AS
Source: GlobeNewswire (MIL-OSI)

The public offering of Bigbank AS (Bigbank) unsecured subordinated bonds (the Offering) ended on Friday, 18 October 2024. It was the third series under Bigbank’s unsecured subordinated bond programme, conducted based on the base prospectus of the subordinated bond programme. Under the programme, Bigbank can raise up to 30 million euros in total.

During the Offering, up to 3,000 unsecured subordinated bonds, each with a nominal value of EUR 1,000, a maturity date of 23 October 2034, and a fixed interest rate of 6.5% per annum, payable quarterly, were offered by Bigbank. In the event of oversubscription, Bigbank had the right to increase the volume of the Offering by up to 5,000 bonds, bringing the total to a maximum of 8,000 bonds. The Offering was carried out in Estonia, Latvia, and Lithuania.

789 investors participated in the subscription and submitted subscription orders for the subordinated bonds in the total amount of 8.7 million euros. Therefore, the base issue volume of 3 million euros was oversubscribed by nearly 3 times. Bigbank exercised its right to increase the volume of the Offering, bringing the total volume of the Offering to 5 million euros.

The Management Board of Bigbank decided to allocate the bonds according to the following principles:
1. All subscription orders from the same subscriber were summed up;
2. Subscriptions by investors up to the amount of 30,000 euros were accepted in full;
3. Employees of companies belonging to Bigbank group were allocated 100% of the amount subscribed;
4. Investors were allocated 2.75% of the amount subscribed exceeding 30,000 euros;
5. The number of bonds with decimal places was rounded to the nearest whole number.
Martin Länts, Chairman of the Management Board of Bigbank, thanked all investors who participated in the public issue for their trust in the bank’s strategy and growth prospects. “The subscription results show that investor confidence in Bigbank’s future plans remains very high, and the interest rate on the bonds offered may have been slightly too high, considering the rapid developments in the interest rate environment over the past month. With the capital raised, Bigbank will be even stronger in implementing its business strategy, planning to continue growing primarily in the housing and corporate loan segments while ensuring compliance with established capital requirements,” commented Martin Länts.

The Bonds are expected to be transferred to the securities accounts of investors on or around 23 October 2024 and the first trading day of the bonds on the Baltic Bonds List of Nasdaq Tallinn Stock Exchange is expected to be on or around 24 October 2024.

Bigbank AS (http://www.bigbank.eu), with over 30 years of operating history, is a commercial bank owned by Estonian capital. As of 30 June 2024, the bank’s total assets amounted to 2.6 billion euros, with equity of 252.8 million euros. Operating in nine countries, the bank serves more than 150,000 active customers and employs over 500 people. The credit rating agency Moody’s has assigned Bigbank a long-term deposit rating of Ba1, as well as a baseline credit assessment (BCA) and adjusted BCA of Ba2.

Argo Kiltsmann
Member of the Management Board
Tel: +372 53 930 833
Email: Argo.Kiltsmann@bigbank.ee
http://www.bigbank.ee

The MIL Network –
January 24, 2025

MIL-OSI: Sampo plc’s share buybacks 18 October 2024

Source: GlobeNewswire (MIL-OSI)

Sampo plc, stock exchange release, 21 October 2024 at 8:30 am EEST

Sampo plc’s share buybacks 18 October 2024

On 18 October 2024, Sampo plc (business code 0142213-3, LEI 743700UF3RL386WIDA22) has acquired its own A shares (ISIN code FI4000552500) as follows:

Sampo plc’s share buybacks	Aggregated daily volume (in number of shares)	Daily weighted average price of the purchased shares*	Market (MIC Code)
	3,612	41.79	AQEU
	35,351	41.81	CEUX
	1,257	41.80	TQEX
	49,617	41.81	XHEL
TOTAL	89,837	41.81

*rounded to two decimals

On 17 June 2024, Sampo announced a share buyback programme of up to a maximum of EUR 400 million in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052. On 16 September 2024, the Board of Directors of Sampo plc resolved to increase the share buyback programme to EUR 475 million. The programme, which started on 18 June 2024, is based on the authorisation granted by Sampo’s Annual General Meeting on 25 April 2024.

After the disclosed transactions, the company owns in total 8,952,245 Sampo A shares representing 1.63 per cent of the total number of shares in Sampo plc, taking the issuance of shares on 16 September 2024 into account.

Details of each transaction are included as an appendix of this announcement.

On behalf of Sampo plc,
Morgan Stanley

For further information, please contact:

Sami Taipalus
Head of Investor Relations
tel. +358 10 516 0030

Distribution:
Nasdaq Helsinki
Nasdaq Stockholm
Nasdaq Copenhagen
London Stock Exchange
The principal media
FIN-FSA
DEN-FSA
http://www.sampo.com

Attachment

Sampo_share_buyback_18_10_2024

The MIL Network –

January 24, 2025

MIL-OSI Russia: The government will allocate 300 million rubles for the purchase of equipment for a children’s clinical hospital in Khabarovsk Krai

MILES AXLE Translation. Region: Russian Federation –

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

Medical equipment will be purchased for the A.K. Piotrovich Children’s Regional Clinical Hospital in Khabarovsk. The order to allocate 300 million rubles for these purposes was signed by Prime Minister Mikhail Mishustin.

Financing from the Government’s reserve fund will make it possible to purchase about 50 units of various equipment, including a spiral computed tomography scanner, a magnetic resonance imaging scanner, as well as endosurgical video systems, X-ray navigation systems, and anesthesiology and resuscitation equipment.

The signed order is part of the work to implement the instructions of Mikhail Mishustin, which he gave following his working visit to the Far Eastern and Siberian Federal Districts. It took place in July 2024. While in Khabarovsk, the Prime Minister visited the A.K. Piotrovich Children’s Regional Clinical Hospital and, during a conversation with the staff of the medical institution, asked to prepare the necessary documents for additional equipment of the hospital.

The document will be published.

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

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

http://government.ru/nevs/53060/

MIL OSI Russia News –

January 24, 2025
MIL-OSI Asia-Pac: Speech by SCED at JUMPSTARTER Ignition Gala by Alibaba Entrepreneurs Fund (English only)

Source: Hong Kong Government special administrative region

Following is the speech by the Secretary for Commerce and Economic Development, Mr Algernon Yau, at the JUMPSTARTER Ignition Gala by Alibaba Entrepreneurs Fund today (October 21):Distinguished guests, ladies and gentlemen, Good afternoon. Welcome to the StartmeupHK Festival 2024. It is my pleasure to join you all this afternoon at this first and foremost opening event of the Festival – JUMPSTARTER Ignition Gala by Alibaba Entrepreneurs Fund. The Gala marks the exciting launch of JUMPSTARTER, a global pitch competition organised by the Alibaba Entrepreneurs Fund, alongside the kick-off of the StartmeupHK Festival 2024. As you all know, this Festival, which is in its ninth year now, has been receiving overwhelming support from the start-up ecosystem in Hong Kong, and serving as a powerful catalyst over time for Hong Kong’s burgeoning start-up ecosystem. The Festival this year, curated by Invest Hong Kong (InvestHK) with the theme “A Future Unlimited”, will bring together many start-ups, investors, industry leaders and tech enthusiasts from around the world, providing an international platform for knowledge exchange, networking and collaboration across various cutting-edge sectors. I can assure you about an exciting series of events in the coming full week of the StartmeupHK Festival. As for this opening Gala, it marks the start of this year’s JUMPSTARTER, which is a global competition providing invaluable opportunities for entrepreneurs across the globe to gather in Hong Kong, pitch their ideas and business proposals, learn from mentors and investors, and most importantly, pursue their dreams in Hong Kong. I look forward to the enthusiastic participation by contestants from around the world, and wish the competition a great success. The JUMPSTARTER is just one of the many opportunities offered in Hong Kong as a launch pad for start-ups to be groomed locally and scale globally. Being the only economy in the world where the global advantage and the China advantage come together, Hong Kong continues to maintain our uniqueness as one of the most liberal and easiest places to do business in the world: Hong Kong is once again ranked by the Fraser Institute this year as the freest economy; and we are ranked the third globally as well as the first in the Asia-Pacific region in the recent Global Financial Centres Index report. In addition, Hong Kong remains as the world’s fourth largest recipient of foreign direct investment in 2023 as revealed in the World Investment Report 2024, and continues to attract businesses and investment from around the world. These impressive achievements are attributed to our institutional strengths, such as a robust common law legal system, an independent judiciary, a simple and low tax system, world-class professional services, start-up-and-business-friendly environment as well as other advantages guaranteed under “one country, two systems”. All of these continue to be the pillars supporting Hong Kong’s success as hubs for start-ups. In fact, many start-ups fully recognise Hong Kong’s competitive edges. We are home to over 4 200 start-ups, which is a record high, representing a significant increase by 7 per cent year on year. In the first nine months this year, InvestHK has helped 470 overseas and Mainland enterprises to set foot or expand their business here, and over 10 per cent of them are start-ups and scale-ups from different sectors. The above encouraging results are testaments to Hong Kong’s attractiveness. In the 2024 Policy Address announced last week, the Government has launched new initiatives to further drive economic development, which will benefit all businesses in Hong Kong, including start-ups. For instance, the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) has recently been updated to provide more flexibility and convenience for Hong Kong enterprises to invest and do business on the Mainland. As CEPA measures are nationality neutral, all companies based in Hong Kong can benefit from the latest enhancements. We would encourage more start-ups from around the world to set up their operations in Hong Kong to enjoy these advantages. On individuals’ level, non-Chinese Hong Kong permanent residents have become eligible for the Mainland travel permit since July this year. This unprecedented measure facilitates their visits to the Mainland for business, leisure or family trips multiple times within a five-year validity period. I note that it has been well received by expatriates in Hong Kong, and encourage our overseas friends in the start-up community to all apply for the permit, if eligible, and enjoy the convenience brought by this initiative. To facilitate your understanding of the above initiatives and many others, InvestHK, including its global network of Dedicated Teams for Attracting Businesses and Talents based in overseas Economic and Trade Offices, as well as its consultant offices, will continue to render support to you, with a view to facilitating your start-ups to set up and scale up in our city. Looking forward, Hong Kong’s economic prospects are promising, and the Government will continue to strive to maintain a favourable business environment for start-ups as we always do. I would like to express my heartfelt gratitude to our start-up friends here today for your tremendous support to the Festival and confidence in Hong Kong. I hope you enjoy the Gala event and all the exciting events ahead, exploring collaboration opportunities and experiencing the innovative spirit that defines Hong Kong as a prime destination for start-ups. Thank you.

MIL OSI Asia Pacific News –

January 24, 2025

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