Category: housing

  • MIL-OSI China: UN chief condemns ‘continued and widespread’ loss of life across Gaza

    Source: China State Council Information Office

    Children injured in an Israeli attack are treated at Al-Ahli Arab Hospital in Sheikh Radwan neighborhood, north of Gaza City, on Oct. 21, 2024. [Photo/Xinhua]

    UN Secretary-General Antonio Guterres condemned the “continued and widespread” loss of life across the Gaza Strip, including Israeli strikes on a residential block in Beit Lahiya on Saturday, a UN spokesman said on Monday.

    “Civilians must be respected and protected at all times,” said Farhan Haq, deputy spokesman for the UN chief, at a daily briefing.

    Eighty-seven Palestinians were killed and more than 40 others injured on Saturday after Israeli jet fighters raided a residential area in Beit Lahia in northern Gaza, according to the Gaza-based health authorities.

    The UN chief “remains deeply alarmed by the rapidly deteriorating situation for civilians in northern Gaza, including mass displacement and the lack of essentials for survival,” Haq said.

    Guterres called for immediate and unhindered access for humanitarian and rescue teams to allow them to continue their lifesaving work.

    “The recent attacks that have hit hospitals in North Gaza are exacerbating an already dire humanitarian crisis and placing the lives of tens of thousands at grave risk,” Haq continued, calling for combatants to protect patients and medical staff.

    “The violations of international humanitarian law that we are witnessing in Gaza by all parties to this conflict are unacceptable. Accountability for any international crimes that have been committed by any party is essential,” the spokesman said, adding that the secretary-general reiterated his calls for an immediate ceasefire and the immediate and unconditional release of all hostages in Gaza.

    MIL OSI China News

  • MIL-OSI China: At least 4 killed, 24 injured in Israeli airstrike in Beirut

    Source: China State Council Information Office

    At least four people, including a child, were killed and 27 others injured in an Israeli airstrike Monday night near Lebanon’s largest public hospital close to Beirut’s southern suburbs, according to the Lebanese Ministry of Public Health.

    The Israeli strike targeted the vicinity of Rafik Hariri University Hospital in the Jnah area, located on the outskirts of southern Beirut.

    The al-Jadeed local TV channel said that over 25 ambulances for the Lebanese Red Cross and Civil Defense teams rushed to the area. The search for victims trapped under the rubble near the hospital is still ongoing.

    The airstrike had forced residents in the area to leave their houses, seeking safer shelters elsewhere.

    Israeli warplanes also launched an airstrike on Ouzai, a densely populated area located on the outskirts of Beirut’s southern suburbs, near the Beirut airport.

    On Monday night, Israeli warplanes launched over 12 violent airstrikes on several areas in Beirut’s southern suburbs, including Haret Hreik, Burj Barajneh, al Hadath, Jamous, and Saint Therese.

    The Israeli army has been waging intensive attacks on Lebanon since late September in a dangerous escalation with Hezbollah.

    MIL OSI China News

  • MIL-OSI China: Dance drama on overseas Chinese business pioneer premieres in capital

    Source: China State Council Information Office 3

    Half of the Sea, a Chinese dance drama, centering on the life story of Tan Kah Kee, a patriotic overseas Chinese business pioneer and philanthropist, premiered in Beijing on Sunday.

    The production uses dance as an artistic medium to showcase his spirit of perseverance, patriotism, and dedication to education, paying tribute to the patriotic overseas Chinese who remained devoted to his homeland despite adversity.

    Tan Kah Kee was born in Jimei village in Tong An district, Fujian province, on Oct 21, 1874. At age 16, he arrived in Singapore and joined his father in the family’s rice trading business as an apprentice and bookkeeper. Tan proved himself to be an exceptional worker, and by 1892, he was put in charge of Chop Soon Ann company after his uncle fell ill and retired. In 1893, Tan returned to his home village Jimei, and set about establishing a business of his own.

    The eminent entrepreneur donated money, and directed efforts to improve the lives of people in Chinese mainland through the turbulent wartime. In Singapore, he helped to establish five primary and secondary Chinese schools. In 1918, he established a normal school to train teachers in Fujian. When he founded Xiamen University in 1921, he ensured that the department of education had the best possible faculty. In Singapore, for a decade he campaigned for a Nanyang Chinese Normal School to train teachers for Chinese schools and it was established in 1941.

    His love for China is reflected in his own memoirs, Nanqiao Huiyilu, which has been described as undoubtedly one of the best documented autobiographies ever written by an overseas Chinese in Southeast Asia.

    On stage, the dancers’ fluid and dynamic movements, combined with artistic elements like harbors, fishing boats, and villages, create a vivid depiction of Minnan (southern Fujian) and Southeast Asian scenery. The stage incorporates 16 suspended panels that reflect ever-changing scenes — from the glow of the hometown sunset to minimalist paper-folded fishing boats and a 10-meter-long rotating conference table. The modern stage design creates an immersive viewing experience, transporting the audience to a historical period filled with dramatic changes.

    In terms of choreography, the dance drama seamlessly blends modern dance with traditional Minnan elements and the style of the early 20th century. It showcases the robust, rhythmic movements typical of Minnan dance while incorporating the fluidity and versatility of modern dance.

    Director Lin Chen explained that the title, Half of the Sea, represents both the physical separation of the overseas Chinese from their homeland and their deep emotional connection and strong sense of national identity.

    Following its Beijing debut, Half of the Sea will embark on a nationwide tour.

    MIL OSI China News

  • MIL-OSI China: Art collector’s legacy puts generosity in the frame

    Source: China State Council Information Office 3

    In 1856, 24-year-old Moscow merchant Pavel Tretyakov (1832-98) acquired the oil works of two Russian painters — Skirmish with Finnish Smugglers by V.G. Khudyakov and Temptation by N.G. Schilder.

    It was his first purchase of “serious” works of art.

    Before that, Tretyakov, who had been long fascinated by music, literature and art, bought books and drawings at the market.

    The possession of the two oil paintings led to buying a large number of paintings in the years before his death, with a focus on “work that would reflect the face of Russian painting”.

    That year marked the beginning of a fine collection, with the painstaking process costing Tretyakov a great deal of time and money.

    He built a gallery to house and display the paintings, and turned it into a public museum. Before he died, he donated the collection and gallery to the Moscow city government to benefit as many people as possible.

    Now, 56 paintings from Tretyakov’s legacy of the State Tretyakov Gallery — some added to the gallery collection after he passed — have arrived in Beijing.

    The Soul of Russia exhibition at the Capital Museum on Chang’an Avenue is the first stop on its China tour and runs until Dec 8. It introduces audiences to Tretyakov’s decades-long commitment to popularizing Russian art and unfolding the many aspects of the country and its people.

    The show celebrates the 75th anniversary of Sino-Russian diplomatic relations and the China-Russia Years of Culture (2024-25).

    In 2015, the State Tretyakov Gallery brought its collection to the National Museum of China, also located on Chang’an Avenue. The exhibition displayed the works of Peredvizhniki, or “The Wanderers”, a group of like-minded artists who emerged in the second half of the 19th century to establish the Society for Traveling Exhibitions and a new style that depicts the contemporary life of ordinary Russian people.

    This time, at the Capital Museum, the gallery presents an even more extensive picture of Russia, its art and its people, since the 16th century through to today, of which the core idea may be summarized in the words of Russian painter Ivan Shishkin (1832-98): “Expanse, space, land. Rye. God’s grace. Russian wealth”.

    Shishkin, one of the most celebrated landscape artists of the Peredvizhniki movement, is recognized as the “tsar of the woods” for his fine presentations of trees and forests. His piece In the Park is on display at The Soul of Russia.

    The exhibited paintings are broken down into sections not in chronological order but under four themes — the expansive and diverse landscapes of Russia, the representative faces of the country that reflect its soul, life scenes of animation and their traditions, and historic narratives.

    Chen Jingjing, the exhibition’s curator, says the arrangement directs audiences to “a broad view of the country and its people as a whole, epitomized by the vivid depictions from different angles by artists from different periods”.

    “Not only does it show the tradition of art in Russia, but also the images of Russia — natural environments, a crisscross of Eastern and Western cultures and daily scenarios — have been presented by its artists over time,” Chen adds.

    “These works are on show in Beijing, which allows people in China to form their own perspectives of the country,” she says.

    Works on show include a 17th century replica of The Virgin of Vladimir, by Ivan Mikhailov, the earliest painting featured at the exhibition according to Elena Pronicheva, the general director of the State Tretyakov Gallery; Nasty Sea, a convincing example of Ivan Aivazovsky’s ability to reenact nature’s eternal beauty and dignity on canvas. The display also has Head of Boyarynya Morozova, a preparatory study work that Vasily Surikov, a historical painter and also a Peredvizhniki member, made for his iconic piece Boyarynya Morozova, which is included in the State Tretyakov Gallery’s collection.

    Some of the artists on show were frequent guests at the house of Tretyakov.

    Pronicheva says Tretyakov “set a good example of how to show the soul of Russia, as he viewed preserving Russian art in the means of building a collection and a gallery, now one of the richest in Russia, and gifting it to the public — a most important commitment”.

    MIL OSI China News

  • MIL-OSI China: Re-elected Tunisian president takes oath of office

    Source: China State Council Information Office 3

    Tunisia’s re-elected President Kais Saied (Front) speaks at the Tunisian Parliament in Tunis, Tunisia, on Oct. 21, 2024. [Photo/Xinhua]

    Tunisia’s re-elected President Kais Saied took an oath on Monday at the Assembly of People’s Representatives’ headquarters, the Tunisian Parliament, in the capital Tunis.

    The plenary parliamentary session, broadcast on the state television channel Watanya 1, was attended by parliament deputies, members of the National Council of Regions and Districts, and senior government officials.

    In his speech, Saied pledged to safeguard the independence of the homeland and the integrity of its territory, respect the Constitution of the country and its legislation, and watch over its interests and owe it allegiance.

    He emphasized that combating terrorism and fighting corruption are critical challenges that must be addressed.

    Saied also rejected any form of foreign interference in Tunisia’s internal affairs, saying that “the sovereignty of Tunisia is a red line that must not be crossed.”

    According to Article 92 of the Tunisian Constitution, the elected president takes an oath for a five-year term before assuming office.

    Saied has been re-elected for a second term, after winning 90.69 percent of the vote in the presidential election held on Oct. 6.

    Tunisia holds presidential elections every five years, and the 66-year-old Saied has been in office since his election in 2019.

    MIL OSI China News

  • MIL-OSI China: Ukrainian president, US defense secretary meet

    Source: China State Council Information Office 3

    Ukrainian President Volodymyr Zelensky and visiting U.S. Secretary of Defense Lloyd Austin discussed defense issues during their meeting on Monday, according to the presidential press service.

    The talks touched upon Ukraine’s request to use long-range weapons to attack military targets inside Russia.

    Zelensky and Austin also addressed increasing the production of attack drones, cruise missiles, artillery shells and air defense equipment.

    Austin announced a new U.S. military assistance package for Ukraine worth 400 million U.S. dollars, which includes ammunition, military equipment and weapons.

    Since February 2022, the United States has provided 64.1 billion dollars in military aid to Ukraine, according to the fact sheet release by the U.S. Department of State in October this year.

    MIL OSI China News

  • MIL-OSI China: Israel claims major blow to Hezbollah’s rocket capabilities

    Source: China State Council Information Office 3

    This photo taken on Oct. 20, 2024 shows smoke caused by Israeli airstrike in the southern suburb of Beirut, Lebanon. [Photo/Xinhua]

    Israel’s military said on Monday that it had destroyed about 70 percent of Hezbollah’s rocket capabilities, dismantled parts of its financial network, and killed a senior Hezbollah official in Syria who oversaw the group’s money transfers.

    In a statement, the Israel Defense Forces (IDF) said that it had killed seven Hezbollah brigade commanders, 21 battalion commanders, and 24 company commanders.

    The IDF added that since the beginning of its ground offensive in Lebanon in early October, it had struck more than 3,200 sites in the country, including hundreds of weapons storage facilities, rocket launchers, anti-tank positions, and command and control centers.

    Roughly 300 of those targets were hit in the last 24 hours alone, according to the military.

    Citing senior security officials, Israel’s Channel 13 TV news reported that Hezbollah retains about 30 percent of its rocket capabilities, a significant reduction from the beginning of the conflict in October.

    Later in a press briefing, IDF spokesman Daniel Hagari said Israeli warplanes had bombed around 20 Hezbollah sites linked with financial network overnight from Sunday to Monday, with most of the strikes focused on Beirut. The strikes, Hagari said, are expected to resume tonight.

    Among the targets was an underground warehouse belonging to the Al-Qard Al-Hasan Association, a Hezbollah-affiliated financial organization operating primarily in Lebanon with headquarters in Beirut’s southern suburb, where Hezbollah’s headquarters are located.

    According to Hagari, Hezbollah had stockpiled cash and gold worth “tens of millions of dollars, intended for living expenses and post-war reconstruction” in this underground warehouse.

    Hagari also said that under Al-Sahel Hospital, in Beirut’s southern suburb, Hezbollah had built an underground bunker storing “at least half a billion dollars in cash and gold.”

    The bunker, described as a central financial hub, was not struck, but Hagari warned that Israeli aircraft were monitoring the site closely. “We will continue to track it,” he added.

    According to the spokesman, Hezbollah has established a financial network involving Yemen, Lebanon, Türkiye, and Syria. The network was managed by Mohammad Jaafar Qasir and Sheikh Salah, the head of Unit 4400, which is responsible for financial transfers and the financial management of Hezbollah.

    Qasir was killed by Israel in Beirut in early October, and according to Hagari, his successor was also killed in an Israeli airstrike in Syria on Monday.

    The crackdown on Hezbollah’s financial network, Hagari added, aims to “deal a blow to its primary financial centers, making it difficult for the group to restore its capabilities.”

    Also on Monday, Israeli Defense Minister Yoav Gallant signed an order designating the Al-Qard Al-Hasan Association as a terrorist organization. The decision, Gallant said in a statement, was due to “the financing of terrorism through the purchase of weapons, payment of salaries to terrorists, and the storage of Hezbollah funds within the association’s facilities.”

    The confrontation between the Israeli army and Hezbollah, since its onset on Oct. 8, 2023, has killed more than 2,300 people, injured over 11,000 others, and displaced about 1.2 million residents in Lebanon, according to Lebanese authorities.

    MIL OSI China News

  • MIL-OSI China: High-tech goods prove popular at Canton Fair

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

    A wide range of high-tech and high value-added products displayed at the first phase of the 136th China Import and Export Fair, also known as the Canton Fair, proved increasingly popular among overseas buyers, the event’s organizers said on Monday.

    The event’s first phase, which focused on China’s advanced manufacturing, concluded on Saturday in Guangzhou, the capital of Guangdong province, with digitalized, intelligent and green products emerging as major highlights of the exhibits.

    Among the 11,165 participating companies in the first phase, approximately 3,600 are related to digital technology and intelligent manufacturing, according to the organizers. Of these, 57.8 percent are enhancing their industrial chains through technology transformations involving big data, artificial intelligence and the industrial internet.

    Chinese exhibitors have showcased a plethora of new products, technologies, materials and processes, with 390,000 digital products on display, marking a 300 percent increase compared with the last session.

    High-end products including smart home appliances, new energy vehicles, industrial automation equipment, humanoid robots, intelligent bionic hands and hydrogen-powered bikes are increasingly popular, the organizers said.

    They also said the trend indicates that Chinese manufacturing is accelerating its pace toward the high end of the industrial and value chains, while the independent innovation capabilities of Chinese enterprises and the core competitiveness of Chinese products are continuing to strengthen.

    Xu Jiadong, sales manager of Skymen Technology Corp, said, “We have seen an increased number of buyers, especially those from emerging markets such as the Middle East and Southeast Asia, visiting our exhibition booth during the fair, showing interest in buying advanced ultrasonic cleaning products.”

    The Shenzhen, Guangdong province-based company’s overseas sales of ultrasonic cleaning products steadily increased in the first nine months of this year, reaching more than 60 million yuan ($8.4 million), Xu said.

    To meet the increased demand for advanced and intelligent ultrasonic cleaning products in overseas markets, the company launched operation of its manufacturing base in Shaoguan, Guangdong, in late 2023.

    More than 130,000 overseas buyers, an increase of 4.6 percent compared with the previous session, visited the fair’s first phase. Of these, 69.7 percent were from countries and regions involved in the Belt and Road Initiative, and around 20,000 buyers were from the Middle East, an increase of 44.2 percent compared with the previous session, according to the organizers.

    In addition, advanced products with high added value, such as industrial machines manufactured in China, have become increasingly popular in the overseas market, according to Yusuf Kandemir, CEO of Alshamela Group Trading Co.

    “The fair provides me with very valuable information, as we are looking for high-end industrial machinery suppliers from China,” said Kandemir, adding that such products are very much in demand, especially in the Middle East.

    The second phase of the fair will be held from Wednesday to Sunday, with 10,040 Chinese exhibitors showcasing household items, gifts and decorations, building materials and furniture.

    Spanning three phases, with both online and on-site exhibitions, the fair, which will run until Nov 4, aims to serve high-quality development and promote greater opening-up.

    MIL OSI China News

  • MIL-OSI China: Revitalizing property, shares high on agenda

    Source: China State Council Information Office

    China’s monetary policymakers are likely to continue next year to prioritize revitalizing market expectations for the ailing property sector and an undervalued capital market to help bring about a steady economic recovery, economists and market mavens said.

    Such a policy stance was clearly signaled by the larger-than-expected lending rate reduction on Monday and the country’s first monetary policy tools that channel funds to the capital market, which will substantively alleviate homebuyer burdens while repairing the valuation of Chinese equities.

    “Shoring up the real estate sector and stabilizing the capital market have become the critical premise for China to expand domestic demand,” said Liu Yuanchun, president of Shanghai University of Finance and Economics.

    On Monday, China cut its market-based benchmark lending rates, with the one-year loan prime rate down to 3.1 percent and the over-five-year LPR, on which lenders base their mortgage rates, to 3.6 percent, both 25 basis points below September levels.

    The cut was slightly larger than expected and marked the biggest cut since 2019 when LPRs became benchmarks.

    Wang Qing, chief macroeconomic analyst at Golden Credit Rating International, said the considerable LPR reduction reflects that the People’s Bank of China, the country’s central bank, is putting into place the “impactful interest rate cuts” outlined by the country’s top leadership, a move that will effectively ease homebuyers’ and enterprises’ financing costs.

    “To ensure that the real estate market stops falling, boosts economic momentum and drives price levels to recover moderately, there remains some room for LPR reductions in 2025,” Wang said.

    China’s A-share market ended higher following the cut, led by smaller-cap stocks, with Shanghai’s tech-heavy STAR 50 index up 2.22 percent to close at 1000.37 points. The market was also lifted by the implementation of a special central bank lending program to buy back shares and boost share holdings.

    The program, starting Friday, offers 300 billion yuan ($42.18 billion) in loans at a rate of 1.75 percent to 21 eligible banks, which will then lend to qualified companies and shareholders at a rate no higher than 2.25 percent.

    As of Sunday, 23 listed companies had applied for over 10 billion yuan of the loans, and more are expected to follow suit.

    Liu, the SUFE president, said the program signals a “significant paradigm shift” that the PBOC is now striving to correct a systemic stock pricing distortion.

    “This will help establish a floor for China’s capital market, addressing the widespread, persistent issue of stock market values falling below book values.”

    Addressing Sibos 2024, a financial services event organized by Swift on Monday, Lu Lei, deputy governor of the PBOC, said the country’s financial sector will continue to embrace opening-up and cooperation, vowing to encourage Chinese sovereign wealth funds and financial institutions to invest abroad.

    MIL OSI China News

  • MIL-OSI China: Officials strive for quality elder care

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

    Authorities are stepping up efforts to promote the healthy development of the elder care sector in China, officials said.

    Li Yongxin, deputy director of the elder care service department at the Ministry of Civil Affairs, said during a news conference that the number of elderly care facilities in China had surged to around 410,000 by June, with 369,000 of them community-based. This represents a 100 percent increase in elderly care facilities and a 120 percent increase in community-based ones since 2019.

    The expansion and a recent crackdown are part of a broader initiative to address the challenges posed by China’s rapidly aging population and fraudulent practices in facilities designed to help seniors.

    “The ministry has strengthened its policy framework, diversified care options and enhanced regulatory measures, resulting in significant improvements in elderly care services,” Li said.

    Li added that legislative efforts are underway to create a law outlining the responsibilities of elder care service providers, with the goal of better protecting seniors’ rights. The move is a response to widespread concerns about financial scams targeting the elderly, including fraudulent schemes disguised as membership fees or unauthorized financial products being offered by some retirement homes.

    In 2022, a government crackdown on elder care fraud led to the arrest of 66,000 suspects and the recovery of 30.8 billion yuan ($4.3 billion) in stolen funds. Last year, an additional 33,000 suspects were apprehended.

    Along with fraud prevention, authorities are conducting inspections to reduce fire risks, improve building safety and create a more secure environment for seniors. The National Health Commission estimates that 78 percent of China’s elderly people have at least one chronic illness, and roughly 40 million seniors are disabled or semidisabled and require intensive care.

    Meanwhile, despite the growing number of elder care facilities, China still faces a shortage of caregivers, with only 500,000 currently available to meet the country’s needs. To fill the gap, authorities are promoting home-based care that allows seniors to stay in their homes while receiving regular visits from community workers and medical professionals.

    Since 2021, approximately 350,000 seniors have benefited from home-based care, with 650,000 home visits conducted, according to the ministry.

    By the end of 2023, nearly 300 million Chinese citizens were age 60 or older. By 2050, that number is expected to grow to one-third of the population.

    MIL OSI China News

  • MIL-OSI China: FTZ reforms deepen China-ASEAN economic, trade ties

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

    NANNING, Oct. 22 — In a bustling fruit processing facility in south China’s Guangxi Zhuang Autonomous Region, the air is sweet with the luscious aroma of mangoes. Workers diligently manage a state-of-the-art, fully automated production line, preparing to send delectable products to eager markets across Southeast Asia.

    In recent years, with the deepening of economic cooperation and the trade exchange of agricultural products between China and the Association of Southeast Asian Nations (ASEAN), the complementary advantages of agricultural products trade between Guangxi and ASEAN have become more prominent. The geographical advantages of land and sea links with ASEAN have also injected vitality into the continuous expansion of Guangxi’s fruit exports.

    According to data from Nanning Customs, in 2023, Guangxi imported 16.71 billion yuan (about 2.4 billion U.S. dollars) of ASEAN agricultural products, a year-on-year increase of 43.1 percent. At the same time, Guangxi’s special fruits, such as orah mandarins and sweet tangerines, have also been well received in the ASEAN market.

    The thriving fruit trade has also spurred related companies to invest and establish their operations in Guangxi.

    Guangxi Junyi Agricultural Science and Technology Co., Ltd, a mango-processing company established in 2020 in the Chongzuo area in the China (Guangxi) Pilot Free Trade Zone (FTZ), is the region’s first border-based fruit processing enterprise with an annual main business turnover of at least 20 million yuan.

    “The pilot FTZ’s policies, including tax incentives, streamlined trade procedures and financial innovations, have not only laid fertile ground for growth but also provided substantial cost benefits to businesses,” said Shen Wuyang, the company’s deputy general manager.

    Guangxi, often described as China’s gateway to ASEAN, has risen to the forefront of China’s trade and cooperation with ASEAN in recent years, thanks to the establishment of the pilot FTZ.

    In 2019, the pilot FTZ was established to promote China’s opening up to ASEAN and to pilot new mechanisms in China-ASEAN cooperation. Since its inception, the pilot FTZ has proven to be a powerhouse, taking up a 37.7 percent share of Guangxi’s total foreign investment and a notable 38.6 percent share of the region’s foreign trade volume.

    The pilot FTZ comprises the Nanning area in the region’s capital city, the Qinzhou Port area along the coast and the Chongzuo area bordering Vietnam.

    The Chongzuo area is home to Youyiguan Port, or Friendship Pass, one of China’s busiest land ports for the trade of fruit.

    Thanks to the development of economic and trade relations between China and ASEAN, Youyiguan Port’s cargo clearance efficiency has doubled.

    “Our cargo predominantly goes to Southeast Asia, with Vietnam taking up 80 percent of our shipments and the remainder being distributed to places like Malaysia and Thailand,” noted Wang Shuqing, operations supervisor of a supply chain management company in Guangxi.

    The zone’s Nanning area focuses on the development of modern finance, the digital economy and modern services. It is pioneering innovation in cross-border finance and renminbi businesses, especially those working with ASEAN nations.

    “Previously, cross-border transactions between Guangxi and Indonesian companies involved an intermediate step of converting RMB to U.S. dollars before changing it to Indonesian rupiah. Now, we can achieve direct settlements,” said Bai Lili, deputy general manager of a China CITIC Bank branch located in the Nanning area of the pilot FTZ.

    As the pilot FTZ’s only coastal area, Qinzhou Port Area is establishing itself as a high-level gateway port that facilitates the transportation of cargo between China and ASEAN.

    According to Ye Jun, an official with the administrative committee of Qinzhou Port Area, the industrial focus of the area is on petrochemical projects, with quite a number of petrochemical enterprises having already set foot in raw material and preliminary processing in ASEAN countries.

    So far, more than 38,000 new enterprises have been established in Qinzhou Port Area, including 355 foreign-funded companies. Among the over 150 industrial projects operational or under construction, the area has attracted investments exceeding 300 billion yuan and is home to four enterprises with annual outputs of over 10 billion yuan.

    MIL OSI China News

  • MIL-OSI New Zealand: Significant Police operation targets organised crime around North Island

    Source: New Zealand Police (National News)

    Today Police executed over 30 search warrants across the North Island as part of Operation Highwater, a concentrated operation targeting members and associates of the Mongrel Mob Barbarian MC East Bay chapter based in Opotiki.

    NZ Police National Organised Crime Group commenced Operation Highwater in December 2023 following an increase in occurrences of violent crime and other offending in Opotiki, in Eastern Bay of Plenty.

    Today’s search warrants spanned Eastern Bay of Plenty, Waikato, Auckland, Rotorua, Taupo, Wellington, and Hawke’s Bay, targeting identified people believed to be involved in a North Island-wide drug distribution network, including methamphetamine and cannabis.

    Police arrested a total of 28 people, seized illegal drugs and firearms and restrained assets. Provisional results are as follows.

    Arrests by Police District:

    • Bay Of Plenty – 18
    • Auckland – 3
    • Waikato – 3
    • Wellington – 2
    • Eastern – 2

    Restrained assets:

    • One residential property
    • Four cars
    • One jetski
    • Two trailbikes
    • One Harley Davidson motorcycle
    • Approx. $86,000 in a bank account
    • Approx. $20,000 value of jewellery
    • Approx. $65,500 cash

    Approx. total value of assets restrained of $800,000.

    Seizures include:

    • Six firearms including five rifles and a 3D-printed pistol
    • Quantities of illegal drugs including 12 lbs of cannabis and smaller quantities of methamphetamine and cocaine
    • 13 Mongrel Mob Barbarian Patches.

    The investigation team is now in the process of filing charges and confirming court dates.

    Today’s actions follow the execution of warrants in the Coromandel area over several days in August this year, after the Operation Highwater investigation team identified a flow of methamphetamine into the area. Police completed 12 search warrants in Whitianga and Coromandel resulting in six arrests and the seizure of methamphetamine, cannabis and a firearm.

    This is an example of the “all-of-Police” approach, which has seen several workgroups across Police working together toward a shared goal. The operation has been led by the National Organised Crime Group, supported by specialist groups and District Staff. Staff from the Police Partnership and Harm team will support the community wrap-around process during and after today’s termination.

    Today’s search warrants are the culmination of a 10-month investigation, during which instances of serious violence were detected and prevented by Police.

    One such incident saw Police deploy to Opotiki, after receiving information about a planned drive-by shooting at a local marae.

    Quick action meant Police located and seized three firearms, including a high-powered rifle, shotguns and ammunition, preventing what could have been a serious incident.

    Bay of Plenty District Commander Superintendent Tim Anderson says that today is a good day for Opotiki.

    “The termination of this operation is a clear message to gang members selling illegal drugs across the Bay of Plenty that we will find you and you will be held accountable for your destructive behaviour.

    “We will continue to relentlessly pursue criminals who prey on our communities and cause a huge amount of harm and misery in their own communities with their drug dealing and violent behaviour.

    “From my travels around the Bay of Plenty, the feedback from different iwi leaders and the wider community is that they’ve had enough of this type of criminal offending.

    “I’d like to thank the community members who have reported this type of offending and I encourage them to keep reporting these drug dealers to us via 105 and Crimestoppers reporting lines.

    “I’d also like to acknowledge and thank our organised crime detectives for their tireless work and dedication, as well as all our policing teams across the Bay of Plenty who are making arrests every day to make us all much safer.

    “Yesterday we stood up our district Gang Disruption Unit and this new team is also in the Eastern Bay of Plenty targeting gang members as we speak. They, and all our staff across the Bay, will continue to work hard every day to make our communities safer.

    “I’m proud of the work our officers carry out every day, and results such as we’ve seen today are testament to their hard work.”

    Gang members commit a disproportionate amount of crime and harm in New Zealand, and particularly in the areas of serious assault, robberies, drug and firearms offences, and homicides.

    We continue to have a strong focus on disrupting unlawful activity by gang members and their associates, and holding offenders to account for crimes committed.

    Police is committed to doing everything we can to ensure everybody is safe and feels safe too. We urge anyone who has concerns about criminal offending by gangs in their community to contact Police so it can be investigated.

    Call 111 if there is an incident happening now or make a report via 105 online if it is not an emergency situation.

    Information can also be provided anonymously through Crimestoppers at 0800 555 111.

    ENDS

    Issued by Police Media Centre
     

    MIL OSI New Zealand News

  • MIL-OSI USA: Murray, Cantwell, Kilmer Announce $51M Federal Grant to Repair Hood Canal Bridge

    US Senate News:

    Source: United States Senator for Washington State Patty Murray
    Hood Canal Bridge is a vital link between Olympic and Kitsap peninsulas & helps more than 30,000 daily commuters avoid a 100-mile detour around Puget Sound
    As the longest floating saltwater bridge in the world, the structure is deteriorating in the harsh marine environment
    WASHINGTON, D.C. – Today, U.S. Senators Patty Murray (D-WA) , Maria Cantwell (D-WA) and U.S. Representative Derek Kilmer (D, WA-06) announced that the Washington State Department of Transportation will receive $51,125,917 in federal funds to repair the Hood Canal Bridge.
    The funding comes from the Infrastructure for Rebuilding America (INFRA) Grant Program, which provides grants to nationally and regionally significant transportation projects to improve the country’s freight network.
    “The Hood Canal Bridge is an absolutely critical connection for people and businesses on the Olympic and Kitsap peninsulas,” said Sen. Murray. “This is a piece of infrastructure that must remain safe and reliable so people can get to where they need to go—whether that’s work, a doctor’s appointment, or anything else. With thousands of travelers relying on this bridge just about every day, I’m proud to have worked together with Senator Cantwell and Representative Kilmer to ensure we bring these federal dollars home to replace outdated portions of this bridge.”
    “Thanks to the Bipartisan Infrastructure Law, the Hood Canal Bridge will receive the repairs it needs to continue providing a vital connection between Kitsap, Jefferson, and Clallam Counties, with more than 30,000 crossings per day. Without this bridge, drivers would need to take a 100-mile detour around Puget Sound. And if the bridge’s retractable span were to fail, submarines and other vessels would be cut off from Naval Base Kitsap – Bangor,” Sen. Cantwell said. “This bridge is critical to the quality of life for residents and our national security.”
    “The Hood Canal Bridge is often a lifeline for folks on the Olympic Peninsula, enabling them to get where they need to go,” said Rep. Kilmer. “This federal funding is a major step toward improving the safety and reliability of the bridge, helping ensure that it will remain open, accessible and resilient for years to come. And with federal support it means this project can move forward without the costs falling solely on the backs of taxpayers in our state. That’s a win-win.”
    This project will replace over 3,400 linear feet of the western half of the bridge including the replacement of 55 reinforced concrete crossbeams and 216 prestressed concrete girder lines and the placement of nearly 4,800 cubic yards of concrete. Preliminary design work is scheduled to begin in November 2025, with project completion scheduled for June 2027. The project’s total budget is $85.2 million.
    The Hood Canal Bridge links the Olympic and Kitsap peninsulas, allowing over 30,000 motorists to get to and from work each day. As the longest floating bridge in the world over saltwater, this unique structure sits in a harsh marine environment that’s deteriorated its condition over the past 40 years. Currently, vehicles that can cross the bridge are weight-restricted at 17,000 lbs per axle or less, and overweight vehicles are forced to drive nearly 100 miles around Puget Sound.  If the bridge’s condition goes unaddressed, further deterioration and restrictions would have severe impacts on commerce and the livelihood of those who depend on the bridge every day.
    The Hood Canal Bridge also crosses a channel used by U.S. Navy submarines to reach the Pacific Ocean from Naval Base Kitsap -Bangor. Should the bridge’s retractable span become unusable, those vessels would be cut off from the base.
    Sen. Murray, as a senior appropriator and then Assistant Majority Leader, helped secure $3.2 billion for the INFRA grant program in advance appropriations in addition to the $4.8 billion funded through the Highway Trust Fund when she helped pass the Bipartisan Infrastructure Law, for a total of $8 billion over five years. 
    Sen. Cantwell authored the INFRA Grant Program in the FAST Act of 2015, to provide grants to nationally and regionally significant freight and highway projects. This grant program was the first discretionary grant program to focus on improving the multimodal freight network and addressing freight bottlenecks. In 2022, as chair of the Senate Committee on Commerce, Science, and Transportation, Sen. Cantwell helped secure $8 billion over five years for the INFRA Grant Program as part of the Bipartisan Infrastructure Law, a 78 percent increase in funding. Additionally, in August 2024, Sen. Cantwell wrote a letter to Department of Transportation Secretary Pete Buttigieg in support of the Hood Canal Bridge project’s INFRA grant application. The State of Washington has received 11 INFRA Grants, for a total of $532,300,108 since the start of the program.

    MIL OSI USA News

  • MIL-OSI Translation: Glarus Nord: Rabies confirmed in bat

    MIL OSI Translation. Region: Italy –

    Source: Switzerland – Canton Government of Grisons in Italian

    The Swiss Rabies Center has identified the presence of the rabies virus in a Daubenton’s bat found in the Canton of Glarus.

    The Daubenton’s bat was found in Mühlehorn (municipality of Glarus Nord) on 20 September 2024. Switzerland is considered free of rabies in domestic and wild animals. However, individual cases of rabies in bats can rarely occur. Since 1992, only seven cases have been diagnosed in Switzerland.

    What to do? If you find a wild animal, especially if it appears sick or exhibits abnormal behavior, it is important not to touch it and inform the foundation Fledermaus Protection Foundation or the hunting supervisory body. If you are bitten by a bat, you should immediately consult a doctor and take the necessary precautions. More information is available on the website of Swiss Rabies Center.

    The enforcement of veterinary, food and chemical law for the Canton of Glarus is a task undertaken by the Office for Food Safety and Animal Health of the Grisons.

    Contact person:

    Giochen Bearth, Head of the Office for Food Safety and Animal Health of the Grisons, Tel. 41 81 257 24 11 (reachable between 11:00 and 12:00), e-mailGiochen.Bearth@alt.gr.ch

    Competent body: Office for Food Safety and Animal Health

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

    MIL Translation OSI

  • MIL-OSI Security: Five Defendants Sentenced for Long-Running Bid-Rigging Conspiracy in Georgia Concrete Industry

    Source: United States Department of Justice Criminal Division

    Four executives and a corporation were sentenced for participating in a long-running conspiracy to fix prices, rig bids and allocate jobs for ready-mix concrete in the greater Savannah, Georgia area.

    James Clayton Pedrick, Gregory Hall Melton, John David Melton, Timothy “Bo” Strickland and Evans Concrete LLC were charged in September 2020 with conspiring to fix prices, rig bids and allocate jobs for the sale of ready-mix concrete used in residential, commercial and public projects. Pedrick, Strickland and Evans Concrete later pleaded guilty for their participation in this conspiracy. Gregory Hall Melton and John David Melton were convicted by a jury in the U.S. District Court in Savannah earlier this year. Argos USA LLC separately admitted to its role in the conspiracy and entered into a deferred prosecution agreement (DPA) with the Justice Department’s Antitrust Division in January 2021.

    Gregory Hall Melton was sentenced today to 41 months in prison, and three years of supervised release and to pay a $50,000 fine. John David Melton was sentenced today to 26 months in prison, three years of supervised release and to pay a $10,000 fine. The court previously sentenced Strickland to five months in prison and to pay $150,000 fine, Pedrick to one year of probation and Evans Concrete to pay a $2.7 million fine. Argos USA LLC paid a $20 million criminal penalty as part of its DPA.

    According to court documents, the defendants effectuated their conspiracy by coordinating the issuance of price-increase letters to customers, allocating specific ready-mix concrete jobs in the coastal Georgia area, and submitting bids to customers at collusive and noncompetitive prices. The charged conspiracy began as early as 2010 and continued until about July 2016.

    “These sentences reflect the egregious nature of rigging bids for materials like ready-mix concrete which are essential to the American economy,” said Deputy Assistant Attorney General Manish Kumar of the Justice Department’s Antitrust Division. “The Antitrust Division and its law enforcement partners will hold accountable those who seek to exploit the critical need for these materials to harm consumers.”

    “Concrete is an essential material in construction projects, with prices set in the free market by the forces of supply and demand,” said U.S. Attorney Jill E. Steinberg for the Southern District of Georgia. “However, the defendants in this case for several years illegally rigged the system to benefit themselves at the expense of customers and are being held accountable for their conduct.”

    “Activities related to bid-rigging and collusion do not promote an environment conducive to open competition which harms the consumer,” said Executive Special Agent in Charge Kenneth Cleevely of U.S. Postal Service’s Office of Inspector General (USPS OIG). “The sentencing in this case represents a win for all law enforcement agencies who investigate those who engage in this type of harmful conduct to ensure that justice is served.”

    “The sentences imposed today send a clear message to anyone who chooses corporate greed over open and fair competition,” said Special Agent in Charge Joseph Harris of the Department of Transportation’s Office of Inspector General (DOT OIG), Southern Region. “Our commitment to working with our law enforcement partners and DOJ’s Antitrust Division is unwavering as we continue to pursue and uncover corrupt conduct and hold companies that intentionally engage in wrongdoing accountable.”

    The FBI Washington Field Office, DOT OIG and USPS OIG investigated the case.

    Trial Attorney Patrick S. Brown and former Trial Attorney Julia M. Maloney of the Antitrust Division’s Washington Criminal Section and Assistant U.S. Attorney E. Greg Gilluly Jr. for the Southern District of Georgia prosecuted the case.

    Anyone with information on bid rigging, price fixing, market allocation or other anticompetitive conduct in the ready-mix concrete industry should contact the Antitrust Division’s Complaint Center at 888-647-3258 or visit http://www.justice.gov/atr/report-violations.

    MIL Security OSI

  • MIL-OSI United Nations: Experts of the Committee on the Elimination of Discrimination against Women Praise Japan for Criminalising Non-Consensual Sexual Intercourse, Ask about Women’s Representation in Public and Private Bodies and the Single Surname System for Married Couples

    Source: United Nations – Geneva

    The Committee on the Elimination of Discrimination against Women today considered the ninth periodic report of Japan, with Committee Experts praising the State’s revision of legislation on rape to criminalise non-consensual sexual intercourse, and raising questions about women’s representation in public and private bodies and the single surname system for married couples.

    Bandana Rana, Committee Expert and Rapporteur for Japan, commended the State party for redefining rape as “non-consensual sexual intercourse” and for raising the age of consent to 16.

    Ms. Rana noted, however, that Japan had been ranked one hundred and twenty-fifth globally in terms of gender equality, due to, among other factors, the low level of women’s representation in government and deeply rooted gender stereotypes that hampered women’s standing.  The State party needed to address these issues, she said.

    Several Committee Experts raised concerns regarding women’s representation in public and private bodies.  One Expert noted that the number of women representatives in government had decreased recently, and that only around 0.8 per cent of company chief executive officers and 7.1 per cent of senior diplomats were women.  How would the State party improve female representation?

    A Committee Expert noted that 94.7 per cent of women adopted their husband’s surname under the current single surname system.  This had negative impacts on their identity and employment.  What were the prospects of reforming the law to allow for a dual surname system?

    Introducing the report, Keiko Okada, Director-General, Gender Equality Bureau, Cabinet Office of Japan and head of the delegation, said revisions to the Penal Code in 2023 clarified that non-consensual sexual acts constituted crimes regardless of marital status and raised the age of sexual consent from 13 to 16.  Multiple other laws addressing sexual violence, including against children, had also been enacted.

    Ms. Okada said the Government aimed to increase the percentage of women among candidates for the House of Representatives and the House of Councillors to 35 per cent by 2025.  The Act on Promotion of Women’s Participation and Advancement in the Workplace made it obligatory for national and local governments to set targets for women’s representation and make information about women’s participation publicly available. 

    The delegation added that companies with 301 employees or more were obliged to develop action plans on promoting women’s participation and publish statistics on women’s representation in workforces, and there were plans to extend this obligation to companies with 101 employees or more. There had been a gradual increase in women’s representation in managerial positions in private companies in recent years.

    Ms. Okada also said public opinion in Japan varied greatly regarding separate surnames for married couples.  The Government would proceed with deliberations on the introduction of such a system while closely monitoring public opinion. It was raising awareness that former surnames could be recorded alongside formal surnames on many official documents.

    In closing remarks, Ms. Okada said the delegation had engaged sincerely in the dialogue.  It hoped that the responses it had provided would be useful for the Committee.

    Ana Peláez Narváez, Committee Chair, in her concluding remarks, said that the dialogue had provided further insight into the situation of women in Japan. The Committee encouraged the State party to undertake further efforts to implement the Convention more comprehensively for the benefit of all women and girls in the State.

    The delegation of Japan consisted of representatives from the Cabinet Office; Cabinet Secretariat; National Police Agency; Children and Families Agency; Ministry of Justice; Ministry of Foreign Affairs; Ministry of Education, Culture, Sports, Science and Technology; Ministry of Health, Labour, and Welfare; and the Permanent Mission of Japan to the United Nations Office at Geneva.

    The Committee will issue concluding observations on the report of Japan at the end of its eighty-ninth session on 25 October.  All documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

    The Committee will next meet in public at 10 a.m. on Friday, 18 October to consider the ninth periodic report of Cuba (CEDAW/C/CUB/9).

    Report

    The Committee has before it the ninth periodic report of Japan (CEDAW/C/JPN/9).

    Presentation of Report

    KEIKO OKADA, Director-General, Gender Equality Bureau, Cabinet Office of Japan and head of the delegation, said that for nearly 40 years since ratifying the Convention in 1985, Japan had committed itself to implementing gender equality measures with the aim of eliminating discrimination against women both in its legislation and in practice.

    Following Committee recommendations, a bill to revise the Civil Code to make the minimum legal age of marriage the same for men and women was enacted in 2018 and took effect in 2022.  Another revision to the Civil Code enacted in 2022 abolished the waiting period for women to remarry after divorce.  This took effect in 2024.

    Public opinion in Japan varied greatly regarding separate surnames for married couples. The Fifth Basic Plan for Gender Equality stated that the Government would proceed with deliberations on the introduction of such a system while closely monitoring public opinion and developments in the National Diet’s discussion on the matter.  The Government was committed to expanding the use of former surnames; it was raising awareness that former surnames could be recorded alongside formal surnames on many official documents.

    The Hate Speech Elimination Act, the Act on the Promotion of the Elimination of Buraku Discrimination, and the Act on Promoting Measures for the Ainu People all incorporated the principle that discrimination was unacceptable, while the Basic Plan on Human Rights Education and Human Rights Awareness-Raising promoted human rights education and awareness-raising, identifying issues concerning women, the Buraku community, the Ainu people, and foreign nationals.  The content of the Plan was now being reviewed to address emerging issues.

    Revisions to the Penal Code in 2023 introduced crimes of “penetrative sexual assault” and “indecent assault”; clarified that non-consensual sexual acts constituted crimes regardless of marital status; raised the age of sexual consent from 13 to 16; criminalised requesting or engaging in a meeting with a child aged 15 or under for the purpose of an indecent act; and extended the statute of limitations for prosecuting sexual crimes.  Multiple other laws had also been enacted, including acts establishing the crime of non-consensual recording of a sexual image, preventing harm as a result of performing in sexually explicit videos, and stipulating measures to prevent sexual violence against children in schools and childcare providers. As of 2023, courts were able to issue orders banning spouses, including same-sex spouses, from approaching victims not only in cases of physical violence, but also in cases of non-physical acts causing psychological harm.  A 2022 law also stipulated comprehensive provision of a wide range of assistance for women victims of violence.

    Following 2019 legislation, a lump-sum payment of 3.2 million yen was provided to people with disabilities who underwent forced surgeries or other sterilization procedures. As of 2024, 1,129 claimants, including 817 women, had been approved for receipt of such payments.  In July 2024, the Supreme Court ruled that the provisions of the now-defunct Eugenic Protection Act relating to sterilization surgeries were unconstitutional.  The Prime Minister subsequently apologised on behalf of the Government for its role in enforcing the Act.  In September 2024, a “Basic Agreement” was signed with stakeholders aiming for a comprehensive solution to the issues of the now-defunct Eugenic Protection Act. The Diet also passed and enacted a bill on payment of compensation to persons who underwent eugenic surgery in October 2024.

    Following another Committee recommendation, Japan enacted and enforced domestic legislation to give effect to the United Nations Convention against Transnational Organized Crime and its supplementary protocol on trafficking in persons in 2017.

    In June 2021, measures to combat sexual harassment and harassment related to pregnancy and childbirth were made mandatory.  The Government aimed to increase the percentage of women among candidates for the House of Representatives and the House of Councillors to 35 per cent by 2025. The Act on Promotion of Women’s Participation and Advancement in the Workplace made it obligatory for national and local governments to set targets for women’s representation, formulate action plans comprising measures to achieve their targets, and make information about women’s participation publicly available.

    The Government aimed to ensure that by 2031, 40 per cent of single-parent households received child support, and that 70 per cent of single-parent households that had a child support agreement received it.  Revisions to the Civil Code in May 2024 introduced a statutory child support system that enabled a parent who lived with a child to claim child support from the parent who lived separately.  The revisions updated provisions relating to child support, parental responsibility and custody, making it possible for both parents to be designated as having parental responsibility following divorce.  Sole parental responsibility was always mandated in potential cases of child abuse, domestic violence, or other potential harm.

    Following the Committee’s recommendations, the Government had revised legislation to make it obligatory for employers with 301 or more regularly employed workers to make information about the gender wage gap publicly available.  The Government also offered a consultation service to help companies analyse the factors and reduce gender wage gaps and was promoting the use of digital tools to help companies calculate those gaps.  Local and national governments were also required to make information on gender wage gaps for all their agencies publicly available.

    The Act on Childcare and Family Care Leave was revised in June 2021, creating a parental leave system that allowed fathers to take leave twice, up to a maximum total of four weeks, within the first eight weeks after the birth of their child. Employers with more than 300 employees were required to make uptake rates of parental leave publicly available. Employers were also required to provide flexible ways of working for workers with preschool age children. Legislation was revised to allow employees who took childcare leave for 14 days or more to receive 80 per cent of their pre-leave pay for 28 days.

    ATSUYUKI OIKE, Permanent Representative of Japan to the United Nations Office at Geneva, said Japan had successfully formulated three national action plans on women, peace and security and was eagerly ensuring cross-cutting intergovernmental coordination.  Bodies promoting women, peace and security were established within the Ministry of Foreign Affairs and the Ministry of Defence.  Japan was currently implementing 57 projects across the globe, contributing to promoting the women, peace and security agenda in Asia, Africa and Latin America.  In 2025, Japan would assume the role of Co-Chair of the Women, Peace and Security Focal Points Network; it would make every effort to advance the agenda internationally.

    Questions by Committee Experts 

    BANDANA RANA, Committee Expert and Rapporteur for Japan, commended Japan for its efforts since its last report.  Ms. Rana said that Hiroko Akizuki, the Committee’s Vice-Chair, made valuable contributions to the Committee.  Japan was also congratulated for being nominated as the Co-Chair of the Women, Peace and Security Focal Points Network for 2025.

    Challenges remained for fully achieving gender equality.  Japan had been ranked one hundred and twenty fifth globally in terms of gender equality, due to, among other factors, the low level of women’s representation in government and deeply rooted gender stereotypes that hampered women’s standing.  The State party needed to address these issues.

    Ms. Rana commended the State party for redefining rape as “non-consensual sexual intercourse” and for raising the age of consent to 16.  There was a lack of enforcement of gender equality legislation, leading gender gaps and discriminatory practices to persist.  What legal complaint mechanisms were in place for women who faced discrimination and how was the State party raising awareness of these mechanisms?

    Ms. Rana commended the State party on adopting several laws that addressed discrimination.  There was no definition of intersectional discrimination in legislation.  Would the State party adopt such a definition?  What was the status of efforts to ratify the Convention’s Optional Protocol?

    Japan’s Basic Plan for Gender Equality lacked concrete commitments to address structural barriers for women. How would the State party address the shortcomings in the Plan?

    International treaties had the same effect as domestic legislation in Japan, but courts reportedly rarely applied the Convention.  There were commendable training programmes for judges on the Convention.  How would the State party further promote implementation and awareness of the Convention?

    A Committee Expert commended Japan on its stand on lethal autonomous weapons systems, which was in line with the Committee’s general recommendation 30.

    Responses by the Delegation

    The delegation said that under the Constitution and domestic laws, gender-based discrimination was prohibited. The Fifth Basic Plan on Gender Equality called on the Government to raise awareness about remedy mechanisms available to the public.  The plan would run until the end of 2025.  Consideration of the next plan would begin at a later stage.

    Japan was taking into consideration various issues, including organisational frameworks, in its deliberations on ratifying the Optional Protocol, and would seriously consider ratifying it soon.

    All international human rights treaties ratified by Japan had the same effect as domestic law, and were referred to when necessary in courts.  The Convention attached rights and obligations to the State party, not individuals.  The Legal Training and Research Institute trained judges each year on human rights issues.  Prosecutors also received training on international conventions. 

    Non-governmental organizations had contributed to the State party’s policies on gender; women, peace and security; and to drafting the State party’s report.

    Questions by Committee Experts 

    A Committee Expert said Japan had created shelters and strong policies to address human trafficking.  There were problems in the State party’s measures to address trafficking, which had not changed in the last five years and did not cover the whole country.  What was the role of women in the peacebuilding process in Japan?  Had the Diet implemented gender budgeting?  Would the State party develop an independent national human rights institute for the benefit of women?  Japan needed to provide increased support for non-governmental organizations.

    Another Committee Expert acknowledged legislative measures to promote women’s participation in public life.  The Basic Plan for Gender Equality set targets to increase women’s representation in political bodies, disaster management bodies, and leadership positions to 30 per cent.  Other countries of similar economic capacity were seeking to achieve parity, so it was disappointing that these modest targets had not been reached.  What progress had been made in achieving the targets in the Plan?  Would the State party adopt temporary special measures to reduce the fee of three million yen required for running for political office?  Were there temporary special measures targeting Buraku women and women with disabilities?  The Expert congratulated Nihon Hidankyo on receiving the 2024 Nobel Peace Prize and asked how the Government was supporting women hibakusha and women and girls affected by the Fukushima Daiichi nuclear disaster.

    Responses by the Delegation

    The delegation said Japan had 10 women ambassadors and six general counsels who were women.  Forty per cent of Foreign Ministry employees were women, and this percentage was expected to increase.

    The Government had announced preventative measures to address sexual abuse by United States forces in Okinawa.  A new forum had been established between the military and residents of Okinawa.  Japan had primary jurisdiction over offences committed by military personnel.

    National and regional legal affairs bureaus had staff members that received complaints of human rights violations from women. There had been a significant increase in the budget promoting gender equality in recent years.  The Government’s 2024 budget included investments of 10.6 trillion yen in gender policies.

    The Government was working to promote the participation of women with disabilities in decision-making processes.  The Government had a policy committee for persons with disabilities; 40 per cent of its members were women with disabilities. The central government mandated local governments to formulate plans supporting persons with disabilities.

    The Convention did not apply to the period of the Second World War.  However, Japan had legally concluded all claims and property issues related to comfort women.  It had also established a fund that provided atonement for former comfort women, who were also sent letters of apology by the Prime Minister.  Meetings had been conducted with former comfort women.  The Government had also significantly invested in a healing foundation for comfort women and provided direct support to 65 surviving comfort women.

    Some women who had evacuated Fukushima after the nuclear incident had returned.  Experts monitored the health impact of radioactive material and were providing accurate information on risks to residents.

    Questions by Committee Experts

    A Committee Expert said the State party was promoting awareness of unconscious gender bias, but patriarchal attitudes continued to be present in various aspects of life.  How did the Government measure the effectiveness of awareness activities? Would the State party consider policies to counter gender stereotyping at all levels, which appeared to be normalised in society?  How would the State party prohibit discriminatory remarks by politicians?

    How could rape be prosecuted without accusation from victims? There were reports that perpetrators of offences by United States military personnel in Okinawa against women were not brought to justice.  How was the State party addressing this?  Could the State party provide data on arrests, prosecutions and convictions?

    Resource allocations to enforce prevention of spousal violence were reportedly insufficient.  Would the State party consider revising legislation to address coercion and psychological violence?  How was it building the capacity of the judiciary related to their understanding of gender-based violence?  How were shelters for victims of domestic violence being funded?  Was there a level of awareness amongst women regarding new legislation on non-consensual sex and their right to refuse sex?

    BANDANA RANA, Committee Expert and Rapporteur for Japan, commended the 2014 national action plan to combat trafficking in persons and the establishment of the council to combat trafficking in persons.  What measures were in place to improve identification mechanisms for victims of trafficking?  Current legal provisions did not fully encompass non-coercive forms of trafficking. How would this be addressed? Labour trafficking remained significantly underreported.  How would the State party secure convictions in trafficking cases and enhance cross-border cooperation to ensure the safe return of trafficking victims? Victimisation of girls persisted in the online sphere through child prostitution and pornography.  How was this being addressed?  Did programmes to prevent trafficking reach rural areas? What measures were in place to prevent the trafficking of young women and girls forced into prostitution by economic hardship?

    The Committee acknowledged efforts made by Japan to address the comfort women issue.  These steps needed to be sustained and enhanced to ensure the rights of victims to truth, justice and reparation.

    ANA PELÁEZ NARVÁEZ, Committee Chair, asked how legislation addressed sexual acts against persons who could not give consent, such as children and persons with disabilities.

    Responses by the Delegation

    The delegation said that the Cabinet Office had conducted surveys in 2021 and 2022 that revealed unconscious bias related to gender.  It had since implemented various measures to promote awareness of unconscious bias in government and society.  The Act on Promotion of Gender Equality in the Political Field required political bodies to implement training to prevent sexual harassment against persons holding public office.  Individual cases of harassment were handled according to the law.

    In 2023, the Penal Code was revised to specify that non-consensual sexual relations were prohibited in all situations. Information had been posted on Government websites, and leaflets and posters had been created, informing women and girls about the new legislation.  Lectures on the new law had also been provided for staff at one-stop support centres.  Persons who had sex with persons who could not give consent due to a disability or other factors were punished under the law.

    A victim-centred approach was taken to addressing the issue of sexual abuse by military personnel against women in Okinawa. Suspects were held by the military until the Japanese Government indicted them.  The Government was committed to holding all perpetrators accountable.  There were three arrests of United States forces for non-consensual sex with women and one arrest for indecent assault.

    The Act against Sexual Violence was amended in 2023 to address threats of violence and extend restraining orders for perpetrators of domestic violence.  The Legal Training and Research Institute had conducted training on domestic violence for family court clecks and investigators.  Courts could order prohibition of repeated phone calls to victims. Forty-seven publicly run shelters were provided for victims of sexual and gender-based violence, and the Government also supported privately run shelters.  Livelihood support was provided for victims, as was education support for their children.  In 2023, 1,100 protection orders were issued by courts.

    In 2022, the Government introduced an action plan on trafficking in persons, which promoted the identification and support of victims. After 2022, Japan had been attending the meetings of the Bali Process and contributing funds to the International Organization for Migration to promote awareness of trafficking and voluntary returns of victims.  Japan had supported the return of over 600 victims.  The Japan Coast Guard conducted inspections of vessels and took protective measures if there were suspicions of trafficking.  The Immigration Services Agency investigated whether asylum seekers were victims of trafficking.  Residence visas could be issued to persons found to be victims.  The Agency provided consultations and information on trafficking in persons in multiple languages, and victim protection services through regional contact points.  The police had also been trained in identifying victims of trafficking.

    Legislation had been enacted to address online child pornography and child prostitution.  Persons who distributed child pornography were prosecuted under this legislation.

    Japan aimed to lead global efforts to prevent gender-based violence.  It was providing financial contributions to organizations supporting women affected by conflict and was conducting awareness raising campaigns to prevent such incidents.

    Questions by Committee Experts

    A Committee Expert commended efforts to remove barriers to female political representation in Japan.  It was concerning that the number of women representatives in government had decreased recently.  Only around 0.8 per cent of company chief executive officers were women, there were only two female justices in the Supreme Court, and only 7.1 per cent of senior diplomats were women.  How would the State party improve female representation in these areas? Would it implement penalties or incentives to improve female representation?

    Another Committee Expert said that mixed nationality couples and single foreign parents had issues with passing nationality onto their children.  Did children of mixed couples obtain Japanese nationality upon birth, regardless of the marital status of their parents? Could more detail be provided about changes in the nationality law in 2024?  Children of foreign nationals born in Japan were not granted Japanese nationality and foreign residents were not allowed the right to vote.  Could they be appointed to government positions?  Was there a complaints mechanism for denied nationality applications?

    Responses by the Delegation

    The delegation said the Basic Act for Gender Equality called on the Government to pursue affirmative actions to promote gender equality.  It set numerical targets for women’s representation and measures were developed to achieve those targets.  Numerical targets had been set for the representation of women in private sector companies.  More than half of new employees of the Foreign Ministry were women.  Currently, the Supreme Court had three women judges, meaning 20 per cent of its judges were women.  The Government was exerting efforts to increase the representation of women in the judiciary.  Companies with more than 301 employees were obliged to develop action plans on promoting women’s participation and publish statistics on women’s representation in their workforces, and there were plans to extend this obligation to companies with more than 101 employees.  There had been a gradual increase in women’s representation in managerial positions in private companies in recent years.

    The 2024 revision to the law on nationality was enacted to ensure that nationality was not granted when false claims were made by applicants.  There was no specific complaint mechanism related to obtaining nationality. Nationality could be obtained through naturalisation and other means.

    Questions by Committee Experts

    BANDANA RANA, Committee Expert and Rapporteur for Japan, said that Japan was one of the world’s largest donors to international efforts promoting gender equality.  How would the State party promote women’s participation in peace negotiations?

    Another Committee Expert said horizontal segregation persisted in Japan.  The share of female students in physical science education was 15 per cent, and around 10 per cent in engineering education. Women professors made up around 17 per cent of professors in universities.  Would the State party introduce temporary special measures to address these issues?  Why were many female lecturers hired in temporary positions?  How was the State party encouraging women to become doctors?

    How did the State party ensure standardisation and the accuracy of information in history textbooks?  How many male teachers were there in primary schools?  What measures were in place to improve the working environment for women teachers?  Did teacher training address verbal and psychological violence?  Would the State party adopt Convention standards related to sexual education?  What measures were in place to address bullying against lesbian, gay, bisexual, transgender and intersex children and children from non-conventional families?

    A Committee Expert said the Penal Code had recently been revised to address online insults; how many cases of online insults had since been prosecuted?  Marginalised women experienced disproportionate levels of workplace harassment.  The gender wage gap was wide, at 23 per cent, and there was a large proportion of unemployed work-age women.  What measures were in place to address these issues?  Most women worked in irregular employment positions; would the State party consider requiring companies to report on the percentage of women in such positions?  What protections were available for workplace harassment of whistle-blowers?  The Convention needed to be upheld in Supreme Court deliberations regarding selective surnames for women.

    Responses by the Delegation

    The delegation said that in 2023, Japan positioned gender mainstreaming as an important part of official development assistance.  It was promoting women’s empowerment through foreign policies. Wide-ranging discussions were held on the empowerment of women at the G-7 as a part of gender mainstreaming efforts. Women were encouraged to participate in humanitarian aid activities.

    Under the fifth Basic Plan for Gender Equality, there was a target for increasing women and girls’ participation in science, technology, engineering and maths education.  Women’s participation in this education had gone up this year.  The Government was also promoting diversity among university students and supporting women studying science, technology, engineering and maths subjects through scholarships.  It also awarded universities that took positive measures to enrol women students and was distributing increased funding for universities that employed high percentages of women professors and women in leadership positions.  The Government was supporting women to return to work in research after childbirth.  It found that there had been discrimination against women in three medical schools’ entrance examinations.  Measures had been taken to ban such discrimination and prevent its recurrence.

    The Government had national curriculum standards that textbook publishers needed to adhere to.  School textbooks promoted harmony between students and provided education on gender equality.  In the authorisation process, academic and other experts assessed draft textbooks created by private sector companies to ensure that they explicitly promoted gender equality.

    Overtime payment was not provided to teachers, but teachers’ salaries were adjusted based on the amount of work they conducted.  The Government was trying to reduce working hours for teachers by hiring additional teachers and implementing other measures. Teacher training covered respect for human rights and support for students of diverse backgrounds.

    Bullying, including of lesbian, gay, bisexual, transgender and intersex children, was not tolerated in schools.  Psychological health surveys and individual support teams were employed to respond quickly to school bullying, and guidelines were being revised to strengthen responses to bullying.  A policy to address deep-fake pornography was included in the Basic Plan for Gender Equality.

    Employers were not allowed to select employees based on weight, height or physical strength, or based on their ethnic background or belief. Each public and private entity had a quota for employment of persons with disabilities.  This had led to increased employment of such persons.  A workplace diversity promotion project was launched in 2019.  Companies that actively employed women were certified and provided with tax incentives. The Government, over the next three years, would introduce measures to support women’s employment in the digital field.  There were 73 prosecutions involving insults in 2023.

    Questions by Committee Experts

    A Committee Expert said the Equal Employment Act did not recognise discrimination based on pregnancy, rural background or age. Would the State party amend this legislation?  More than 50 per cent of female workers were in temporary positions.  This needed to be addressed.  The 2025 World Expo was an opportunity to showcase that the future of work was female.

    Another Committee Expert asked about the slow pace of dismantling single-sex schools, which validated differences between the sexes.  What timeline did the Government have to achieve this?  What reparation had been provided to women who had been denied admission to medical schools due to discrimination?  How would the State party address negative comments by authorities related to reproductive education?

    A Committee Expert said a 2023 Government pilot had made emergency contraception pills available in pharmacies.  Would this pilot project be made permanent, and would contraception be provided to persons under 18?  Women in Japan had to get consent from spouses to seek abortions.  There were even cases where single women had had to seek permission from partners to obtain abortions.  Would the Government remove this requirement?  Only around three per cent of clinics offered abortion pills that were as expensive as other abortion procedures and needed to be taken in front of medical staff.  What measures were in place to increase access to abortion pills and to allow women to take these pills at home?

    The Committee commended the Government for apologising for the sterilisation of persons with disabilities conducted under the former eugenic protection law and for committing to provide compensation to victims. What reproductive rights did women with disabilities currently have?  What progress had been made in reducing per- and polyfluoroalkyl substances in water supplies, which were harmful for pregnant women?

    Another Committee Expert commended the revised Pension Act and support provided for start-ups created by women.  Around 15 per cent of women in Japan lived below the poverty line. Women in part-time work lacked adequate safety nets to keep them from poverty.  What measures were in place to further extend women’s access to employment opportunities and low-interest credit?  How would the State party address the gender digital skills gap? Were there financial literacy programmes for women in rural areas?  What percentage of the social security budget was devoted to older women, women with disabilities, foreign students and rural women workers?  Had the State party considered reforms that would establish guaranteed pensions for all individuals and family benefits for women with children classified as “illegitimate”?  How was the State party promoting women’s participation in sports and cultural programmes?

    Responses by the Delegation

    The delegation said the Government would continue to consider expanding the scope of legislation on indirect discrimination in recruitment, considering societal attitudes.  Japan’s efforts to promote women’s empowerment would be showcased at World Expo 2025. 

    Japan had no plans to dismantle single-sex schools.  Schools and boards of education made decisions related to single-sex education in individual schools.  Sexual and reproductive education called on students to respect the opposite gender and to make informed decisions regarding sexual activities.

    A trial was being conducted on the sale of emergency contraception pills at pharmacies and a research project on the provision of the abortion pill at medical clinics had been concluded this year.  The Government would analyse their results.  Male spouses needed to permit pregnant women to seek abortions, except in cases of domestic abuse or for unmarried mothers. The Government would deepen social discussions on this issue.

    The Government had developed a plan for promoting female digital talent; it was expanding opportunities for female high school and university students to receive education on programming.  The Government provided loans to female entrepreneurs who had difficulties obtaining funds and was collecting statistics on the number of start-ups created by women.  Seminars had been conducted to promote capacity building for women entrepreneurs.

    In 2022, the Government published cross-sectoral guidelines on business and human rights.  It would continue to study the possibility of future laws on human rights due diligence.

    The average monthly pension as of 2022 was 58,000 yen for men and 54,000 yen for women.  There was no gender gap in the system itself; the difference was due to gaps in work style between men and women.  Japan had a universal pension system.  The Government would expand the scope of employees qualified to receive pensions and would provide additional support to elderly women recipients of pensions.

    Questions by Committee Experts

    A Committee Expert asked about the timeline for the trial of emergency contraception, and asked whether the Government would change legislation to remove the requirement for people who wished to change genders to be sterilised.  It was extraordinary that women in Japan needed to get permission from spouses to obtain abortions, except in cases of divorce, domestic violence or death of spouses. Would the State party revise this?

    Another Committee Expert asked about the number of female beneficiaries of financial loans.  How would the State party provide pension coverage for all vulnerable groups, including women not in employment, education or training?

    Responses by the Delegation

    The delegation said it was currently difficult to indicate a timeline for the trial of emergency contraception, but the Government would continue to consider this.

    The poverty rate was higher for females than for males. To address this, a supplementary pension benefit was provided for low-income households.

    The Government provided various sporting opportunities for women and was promoting women’s participation in governance of sporting organizations.  A plan had been adopted that promoted women’s participation in cultural activities.

    Questions by Committee Experts

    BANDANA RANA, Committee Expert and Rapporteur for Japan, commended plans to support land ownership for rural women.  Rural women lacked access to adequate social benefits such as maternity and sickness leave. How would the State party address this? 

    Ms. Rana welcomed inspections that had led to the detection of abuse of migrant technical intern trainees.  However, migrant women workers continued to face discrimination, threats of repatriation abroad, and poor working conditions.  How was the State party addressing these issues?  What measures were in place to address barriers to accessing health care for women with disabilities?

    Women’s representation in climate change decision making was low.  How would the Government address this, and ensure that extraterritorial investments protected women’s rights?  How would the State party take responsibility for monitoring nuclear standards with regards to the dumping of nuclear treatment water into the ocean?

    Another Committee Expert said that 94.7 per cent of women adopted their husband’s surname under the current single surname system.  This had negative impacts on their identity and employment. What were the prospects of reforming the law to allow for a dual surname system?

    What measures were in place to address the impact of discriminatory practices against children born out of wedlock?  There were barriers to women accessing assets in divorce settlements.  How was the Government working to train the judiciary on these issues so that justice could be imparted with a gender perspective?  How would it protect victims of family violence after the introduction of joint custody decisions?  Were there plans to increase court resources for this purpose?  Would the State party allow for adoption by same-sex couples?  The Committee suggested that the State party consider establishing equality between men and women regarding the appointment of female emperors.

    Responses by the Delegation

    The delegation said foreigners could be appointed to certain public servant positions, but not all positions.  In 2022, several thousands of inspections were carried out under the technical intern trainee law, which had identified human rights violations.  Employers that violated migrant workers’ rights were sanctioned.

    The Ministry of Environment was actively employing women. Discharged water from the Fukushima Daiichi nuclear plant was not contaminated with nuclear material.  The International Atomic Energy Agency had determined that the radiation impact of this water was negligible and that the disposal of this water into the ocean was safe.

    Opinions were mixed regarding selective separate surnames. The Government was offering information to deepen debate on the topic in the public and in the Diet.

    The best interests of the child needed to be considered regarding visitation rights for parents.  The revision of legislation on visitation did not harm the rights of children. In 2024, the Civil Code was revised to promote the separation of property after divorces.  The period in which claims could be made to family courts were extended from two to five years.  The revised law promoted the fair division of property.

    It was not appropriate for the Committee to raise the issue of revising the system of succession to the Imperial Throne of Japan.

    Questions by Committee Experts

    ANA PELÁEZ NARVÁEZ, Committee Chair, said that the Committee had capacity to raise relevant questions regarding equality between men and women, including regarding succession to the throne.  This was a topic that was directly relevant to the Convention.

    A Committee Expert welcomed that the Government had removed a policy offering grants to women to move away from Tokyo to get married. What was the level of engagement of women in policy making such as this?

    Another Committee Expert asked about efforts to ensure that family law included a gender perspective.

    Responses by the Delegation

    The delegation said the Japanese Government had set targets regarding the percentage of per- and polyfluoroalkyl substances in drinking water.  There had been no reports of health issues related to levels of these substances, but monitoring of water resources would continue to ensure the safety of the public.

    The Government would continue to support the capacity building efforts of family courts.  It was providing information about women’s ability to use maiden names to apply for certain State services.

    Concluding Remarks

    KEIKO OKADA, Director-General, Gender Equality Bureau, Cabinet Office of Japan and head of the delegation, said the delegation had engaged sincerely in the dialogue.  It hoped that the responses it had provided would be useful for the Committee.

    ANA PELÁEZ NARVÁEZ, Committee Chair, said that the dialogue had provided further insight into the situation of women in Japan.  The Committee encouraged the State party to undertake further efforts to implement the Convention more comprehensively for the benefit of all women and girls in the State.

     

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

    CEDAW24.030E

    MIL OSI United Nations News

  • MIL-OSI USA News: Remarks by Vice President Harris at a Campaign Event | Scottsdale,  AZ

    Source: The White House

    Grayhawk Golf Club
    Scottsdale, Arizona

    12:12 P.M. MST

    THE VICE PRESIDENT:  Hi, everyone.  Good afternoon.  Please have a seat.  Good afternoon.  (Applause.)  Thank you. 

    Thank you.  Thank you very much.  Thank you.  I appreciate you.  Thank you very much.  Thank you.  Thank you.  Thank you.  (Applause.) 

    Thank you.  Thank you.  Thank you.  I’m touched.  Thank you.  Thank you.  Thank you.  That means a lot.  Thank you, (inaudible).  (Applause.) 

    Thank you.  Please, please, please have a seat.  I’m — I’m very touched and very honored.  And thank you, all leaders who are here. 

    Mayor Giles, I thank you.  You’ve been an extraordinary friend.  And I really — I so appreciate the courage that you have shown to be so open and forward about the importance of us all working together, and your support has meant the world to me.  So, in front of all of the friends, I thank you very much for all you’ve done.  (Applause.)  Thank you.  Thank you.  Thank you.

    And former State Rep Shaw, I thank you as well.  Is sh- — I — there you are.  (Laughter.)  Thank you for all the support that you have given as well.  Thank you.  (Applause.)  Thank you.  Thank you.  Thank you.

    So, we are all here together because we love our country.  We love our country.  And I was talking with some folks recently about the importance of understanding the — the duality, frankly, that exists in terms of our democracy. 

    You know, as your vice president, I have now met over 150 world leaders — presidents, prime ministers, chancellors, and kings — and when we, representing the United States, walk in those rooms, traditionally, we’ve been able to walk in those rooms chin up, shoulders back, with the earned and self-appointed authority to talk about the importance of democracies, rule of law.  But I say, to a room of role models, here’s the thing about being a role model: When you’re a role model, folks watch what you do to see if it matches up to what you say. 

    And I tell you because I have traveled the country recently — including the many, many trips that I have taken over the last almost four years — but recently, in particular, where world leaders, allies have come up to me — we’re now on a first-name basis; I’ve met with so many of them so many times — and they have said to me, “Kamala, I hope you guys are going to be okay.”

    One of the things that I think about and weighs on me sometimes is I hope we, as Americans, really understand how important we are to the world.  We are so important to the world.  Those people who fight for democracy, who fight for freedom, who fight for a life in which they can have opportunity, they hold us up and they hold us out as a model. 

    And that, as much as anything, is at stake right now in this election.  And I know I’m speaking to a group of people who know that and know that well. 

    You know, I was raised to believe that hard work is important, it is important to look out for each other, it is important to understand that the vast majority of u- — of us have so much more in common than what separates us. 

    I was raised in a community of folks who understood that when we stand together, when we look for commonality, that’s when we thrive. 

    And part of what we know has been happening in the last several years in our country is there’s some powerful forces that are trying to divide us as Americans, would have us and cheer us on if we point fingers at one another. 

    There’s this kind of backward thinking coming from some folks that suggests that the measure of the strength of a leader is based on who you beat down, instead of what we know, which is the real measure of the strength of a leader is based on who you lift up.  That’s strength.  (Applause.)

    But — but truly, like i- — but — but I mean that intentionally.  It’s not only good and right.  That’s strength. 

    Because that’s part of what is the perversion of what some people are suggesting, as though it is a sign of weakness to have empathy, to have some level of concern and care about the suffering of other people and then take it upon oneself to do something about that that is about lifting the condition of your fellow human being. 

    So, when we think about what’s at stake in this election — whoa, it’s packed with some stuff.  (Laughter.)  It’s packed with some fundamental stuff — (applause) — I say rather articulately.  (Laughs.)  There’s so much at stake. 

    Mayor, you mentioned John McCain.  Okay.  So, I’ll tell you, I was in the United States Senate for about four years, and — and I worked with John McCain.  And so, I’ll tell you, so there was this — we were on a committee together.  And, you know, these committee rooms in the United States Senate, they’re very grand and — and very impressive.  And John McCain was on one side of the dais; I was on the other — horseshoe. 

    And he’s going after me.  He’s going after me.  We’re having some conversation.  I think it was about one of the nominees.  This — this was during President Trump’s years.  He’s going after me, and I’m going back after him.  (Laughter.)  I’m going back after him.  And that was it.  And this is what the public saw. 

    And then I step onto the floor of the well of the Senate later that day — we had votes — and I passed by John McCain, and he looks at me and he says, “Kid, come over here.”  (Laughter.)  “You’re going to make a great senator.”  (Laughter and applause.)  True story.  True story.  True story.

    That was John McCain.  That was John McCain. 

    I was talking about him last night at a rally, right?  John McCain, who — you know, we didn’t agree on everything, but, man, I mean, what about an incredible American hero?  (Applause.) 

    Again, strength — strength — right? — we know what the former president said about John McCain; I’m not going to repeat it here — but strength.

    John McCain stood on principle.  He stood on a belief in the — in the importance of — of patriotism, of sacrifice, of what we stand for as a country. 

    And part of what I talked about at a rally last night is — I — I shared with the folks in the room: I was there on the Senate floor, way into the middle of the night, when it was yet another attempt of the former president to get rid of the Affordable Care Act, which, as we know, has been literally a lifesaver for people, right?  (Applause.)  What it has done to no longer allow preexisting conditions to be the reason that an insurance company can’t give you assistance.  Right?

    And you all may have seen it.  I was there on the floor that night, and we were all standing around because whether or not the Affordable Care Act would continue to be relied on one vote.  And we were all standing on the floor.  And, of course, I had voted to keep it going.  And — and I say this, and it sounds like it’s out of a movie, but this is how I experienced it.

    On the flo- — floor with my colleagues in the Senate well — it was late into the night, and they — in the Senate, they had the — you walk onto the Senate floor, and there are these big, wooden ornate doors.  And those ornate doors opened — (laughter) — and John McCain came out. 

    And he went to the floor, and he said, “No, you don’t.”  (Applause.)  He said, “No, you don’t.”  “No, you don’t take away health care for millions of people.” 

    And that is but one example of an individual that we all respect who put country before party in terms of what they thought was right.  I am honored to have the endorsement of Jeff Flake, someone I also worked with — (applause) — again, putting country before party.

    And so, I say all of that to say that those are examples that are situated right here in this beautiful state of Arizona, a tradition that everyone, and all of us, I will say, stand on. 

    And then, of course, most recently, what Maricopa did in terms of the clerk refusing to participate in the intention to undo the will of the people in a free and fair election.  The people of this state have always shown extraordinary courage to stand up for the principles upon which we as a country were founded.  And I thank you for that.  I thank you for that.

    I know we are going to win this election, and it is not going to be easy.  There are forces at play that are making us, as-  — as Americans, I think, call into question certain fundamentals that we have always taken for granted, that is part of our pride: freedom — freedom — freedom from the government making decisions about a person’s body, a woman’s body; freedom to just be; freedom over matters of heart and home, I like to say; fundamental principles around the importance of rule of law, whether we should actually be concerned and have a question — a legitimate question in an election for president of the United States, the commander in chief, of whether they will abide by the oath.  (Applause.) 

    But imagine — imagine.  That’s a legitimate question we are asking.  It’s not rhetorical.  It’s a legitimate question we are asking.

    He who said that he would, quote, “terminate” the Constitution of the United States.  He who said he would be a dictator on day one.  He who intends to weaponize the Department of Justice against his political enemies — take away the independence of the Department of Justice and put in place loyalists.

    Fundamental notions about who and what we are as a democracy are at play in this election.  And you all, each of you, have had the courage to say, hey, we may not agree on every single thing — that’s also what a democracy looks like — but foundational, first principles cannot be in question, not for the sake of our children, not for the sake of our future and well-being, not for the sake of our standing in the world.

    And so, I tell you all this to just reaffirm that we — we share not only a concern but a commitment to our country and what’s most important about, in a moment of crisis — dare I say, I think this is one — do we stand together as Americans being our first identity and come together around these issues?

    And I — I’m going to actually announce — we have press in the room — that I have decided also — not only will I have a Republican in my Cabinet, but I’m also going to — I — I was talking to my team about it.  I want to create some structure around the following, which is: I love good ideas.  Wherever they come from, I love good ideas.  (Applause.)  Right?

    And so, part of what I intend to do, Mayor, and put some structure around is creating a bipartisan council of advisers who can then give feedback on policy as we go forward.  Because here’s the thing I also understand and feel strongly about: In order for us as America to maintain our status as the strongest democracy in the world, we need a healthy two-party system.  We have to have a healthy two-party system.  (Applause.)  We have to.  It’s in the best interest of all of us.  It’s in the best interest of all of us. 

    You know, the way that I like to lead — I bring folks in my office all the time, and they know I don’t want any “yes” people.  I want people to come in and, first of all, be prepared.  (Laughter.)  Yeah, no time to waste.  But come in and then let’s — let’s, as I often say, kick the tires on ideas.  Because the best ideas will survive those kinds of challenges, and the best ideas will then be most relevant to the American people, most in- — effective to the American people. 

    And so, I’m going to create a bipartisan council so we can put some structure around exactly this point and do the work that is important. 

    And then I’m — I’m just going to close with this.  You know, again, I think on the fundamentals, we have more in common than what separates us, including across faiths. 

    So, I know there are mem- — a lot of members of the LDS community here, and you may or may not know my pastor actually spoke at the 100th birthday of President Nelson.  (Applause.)  Yeah.  Yeah. 

    And I just — and that wasn’t a plan as part of this.  It just is.  And — and I just think if we think in our lives and in what we know, there are so many examples of that point.  We have so much more in common than what separates us, especially on the fundamentals. 

    And so, with that, I say that I am committed to all of you to be a president for all Americans and to work as we must — together — again, knowing we have so much more in common than what separates us.  And on the biggest and most important issues, I think we know that this is a fight that is not against something as much as it is a fight that is for something.  (Applause.)

    Thank you. 

    God bless you.  God bless you.  And God bless the United States of America.  Thank you.  (Applause.)

                              END                 12:28 P.M. MST

    MIL OSI USA News

  • MIL-Evening Report: Huge volumes of whey go to waste. We could do much more with this nutrient rich liquid

    Source: The Conversation (Au and NZ) – By Jack Hetherington, Phd Candidate in circular business models, University of Adelaide

    Cheesemaking leaves large volumes of whey Lysenko Andrii/Shutterstock

    Every year, 7.6 million tonnes of food is lost or wasted in Australia. When we think about this, we might picture mouldy fruit, stale bread and overly full fridges. But in fact, almost half of this waste happens before food ever gets to us. Waste is common in food production, processing and transportation.

    For example, the process of making cheese from milk results in a comparatively small amount of cheese and a lot of whey – up to 90% the mass of the raw milk.

    Whey is useful, as it still has about half the nutrients of milk. But whey remains one of the largest sources of food loss and waste in Australia’s large dairy sector. Every year, about 350 million litres goes down the drain, costing businesses over A$580 million to dispose of it and wasting some of the resources it takes to make milk.

    In our new research, we interviewed cheesemakers from 42 companies – representing almost a third of Australia’s cheese industry.

    We found cheesemakers knew what waste whey could be used for but were put off by practical challenges.

    Whey is produced in large volumes – and much of it goes to waste.
    Jasen Wright/Shutterstock

    What can you do with whey?

    You can already buy whey products such as fermented drinks and protein powders. Infant formula may contain the highly valuable lactoferrin, which would be usually left in whey. A popular Swiss soft drink, Rivella, is also made from whey.

    In Australia, some producers have begun making alcoholic spirits by fermenting the lactose in whey. Researchers have found whey-based alcohol can emit less greenhouse gases than traditional grains.

    Our research found over half of our cheesemakers were using multiple methods to reduce whey going to waste, from making animal feed to making ricotta to irrigating paddocks. Even so, there is still room to make much more use of whey.

    What did we find?

    Every year, 43% of all milk produced in Australia is used to make cheese – about eight billion litres a year. When we did this research, there were 132 cheesemakers, using cow, goat, sheep, and camel milk to make cheese. The industry is characterised by a few large manufacturers (about 2% of companies) and many small manufacturers (about 90% of the total). Cheesemakers are largely concentrated in Australia’s southeast.

    To understand the challenge of avoiding whey waste, we spoke to cheesemakers, big and small, right across Australia between November 2022 and June 2023.

    All of our cheesemaker respondents knew of at least one whey-based product.

    But there were barriers to using whey themselves by a range of things, from the set-up cost of a new facility to the challenge of scale, competing priorities and the distance to potential partners. As one respondent said:

    Every single part of the business would have to be changed, upgraded, or increased to accommodate using the whey in any way

    Another said:

    We’re all doing 60 to 70-hour weeks and you [need] someone to actually drive it

    How can we overcome the barriers?

    Based on our interviews, we found four possible ways to encourage cheesemakers to put their whey to use:

    1. turning whey into value-added products in-house. This could be quite effective – one of our respondents reported making more money from whey-based products than cheese. But setting it up requires time and money.

    2. engaging other companies to take the waste. Partnering with outside companies can help overcome time and money issues – but everyone needs to agree on a price for a product previously considered waste.

    3. starting joint ventures, such as teaming up with other cheesemakers. This method suits cheesemakers wanting to keep the value of the whey. Successful ventures require clear leadership and transparent business plans.

    4. scaling up. Some cheesemakers are already using their own whey. If they move to accept whey from other makers, they can scale up – as long as the new whey sources can meet their specifications.

    We found giving Australian cheesemakers the full range of options greatly increased how willing they were to find ways to use whey.

    When they only had in-house options, 33% of respondents said they would find ways to use way. This rose to 79% when all four options were available.

    Even once the cheese has been made, the whey left behind contains proteins and other nutrients.
    guys_who_shoot/Shutterstock

    Which whey forward?

    Our research shows there’s no silver bullet to solve whey waste. We’ll have to come at it from different angles and focus on collaboration between cheesemakers, governments, industry bodies and consumers.

    One crucial thing is to make sure there there is demand for these changes. In separate research, we found there is currently little expectation from consumers and retailers about what happens to whey waste. Increasing demand for whey-based products and setting expectations for cheesemaking practices could drive this change. But food safety regulations and taxes on alcohol can make it more challenging still for makers.

    In regions with a cluster of cheesemakers, it might make more sense for one or two makers to take all the whey waste and turn it into value-added products to benefit from the scale. While many cheesemakers told us they felt isolated from potential partners, we found a potential partner was right around the corner – just one or two kilometres in most cases.

    This is where decision support tools may be able to help in future. These software tools help you lay out your options so you can compare them and pick the best one. They can take into account financial outlay, risks and environmental impacts.

    The good news is, there is an abundant, nutrient rich byproduct able to be converted into other products. The challenge now is to find ways of boosting collaboration between cheesemakers and other companies – and ensuring whey-based products have a market.

    Jack Hetherington’s PhD project receives funding from the End Food Waste Cooperative Research Centre, CSIRO and the University of Adelaide. Jack is currently the Treasurer for the Landcare Association of South Australia and a member of the SA Crawford Fund committee.

    Adam James Loch has received funding from the Australian Research Council, the South Australian Department for Environment and Water, and the European Commission.

    Pablo Juliano 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. Huge volumes of whey go to waste. We could do much more with this nutrient rich liquid – https://theconversation.com/huge-volumes-of-whey-go-to-waste-we-could-do-much-more-with-this-nutrient-rich-liquid-241588

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: LaLota Hosts Leaders from Suffolk Veterans’ Community

    Source: United States House of Representatives – Representative Nick LaLota (NY-01)

    ROCKY POINT, NY Rep. Nick LaLota (R-Suffolk County), a Navy Veteran, held a Veterans Roundtable at the Rocky Point VFW with key stakeholders and subject-matter experts to discuss the numerous issues facing Long Island’s Veteran community.

    “As a Navy veteran, I deeply appreciate everyone who joined our roundtable in Rocky Point. Hearing directly from those on the front lines of veterans’ issues is crucial in tackling the challenges our service members face every day,” said LaLota. “I am fully committed to ensuring that those who served our great country receive the care and support they’ve earned. By working closely with local leaders and advocates, we can enhance the quality of care for veterans and make sure no one who wore the uniform is left behind.”

    Background:

    The roundtable discussed the following issues:

    • Veteran mental health, including LaLota’s Joseph P. Dwyer Peer Support Program Act;
    • Improving healthcare options for Veterans, including increasing VA access and LaLota’s Liver Fluke Cancer Study Act;
    • Housing for Veterans, including the lack of affordable housing options and the high number of homeless Veterans including LaLota’s Supporting Veteran Families in Need Act;
    • Issues at the Northport VA, including ongoing construction updates and hospital conditions, and
    • State Veterans Homes issues, including the high cost of medications and the need for more specialty care.

    The following individuals took part in LaLota’s Veterans Roundtable:

    • Suffolk County Legislature Majority Leader and Legislator Nick Caracappa, Chairman, Veterans Committee
    • Marcelle Leis, Director, Suffolk County VSA
    • Tom Ronayne, Former Director, Suffolk County VSA
    • Fred Sganga, Director, Long Island State Veterans Home
    • Francis Amalfitano, President & CEO, United Veterans Beacon House
    • Bill Hughes, Commander, Suffolk County VFW, District 11
    • Kenneth Dolan, Legislative Chair, Suffolk County American Legion
    • Mel Cohen, Vietnam Veterans of America
    • Rich Dellasso, Economic Opportunity Council of Suffolk – Veterans Affairs
    • Nancy Tappin, Joseph P. Dwyer Veterans Peer Support Project
    • Joe Cognitore, Commander of the Rocky Point VFW Post 6249
    • Several staff members of the House Veterans Affairs Committee

    ###

    MIL OSI USA News

  • MIL-OSI USA: Congresswoman Tenney Hosts Vietnam Veteran Pinning Ceremony in Wayne County

    Source: United States House of Representatives – Congresswoman Claudia Tenney (NY-22)

    Victor, New York—Congresswoman Claudia Tenney (NY-24) today honored 40 Vietnam veterans from the Finger Lakes Region during a Vietnam War Commemorative Pinning Ceremony at the Veterans of Foreign Wars Memorial Post in Lyons. 

    Tenney was joined at the event by New York State Senator Pam Helming, Assemblywoman Marjorie Byrnes, Assemblyman Brian Manktelow, and Assemblyman Jeff Gallahan. 

    Tenney awarded each veteran a commemorative Vietnam Veteran Lapel Pin, symbolizing the nation’s heartfelt gratitude for their service. This pin, an emblem of honor, is part of a national initiative to acknowledge and thank veterans who served during the Vietnam War. In August, Tenney honored 30 Vietnam veterans at a similar ceremony in Oswego County as part of her ongoing initiative to pay tribute to the brave men and women who served during the Vietnam War and their families for their selfless sacrifice. 

    “For many Vietnam veterans, the service and the struggles they endured went unrecognized for far too long. Today, we strove to right that wrong, by showing them the respect, honor, and appreciation they have always deserved. By hosting these commemorative pining events, I hope to convey our deep appreciation for the courage and resilience of these veterans. It was an honor to present these 40 Vietnam veterans from our community with a small token of our nation’s gratitude for their selfless sacrifice. Thank you to these individuals and their families for their profound sacrifice and unwavering dedication to our great nation,” said Congresswoman Tenney.

    “For many of our Vietnam veterans, coming home meant quietly putting away memories of service. But today, as you stand together, I hope you feel the strength of connection, with fellow veterans, your families, and all of us who honor you. It’s never too late to celebrate and recognize our veterans as heroes. Our younger generations need your stories, your wisdom, and your example,” said Senator Helming

    “This is a great opportunity to show our Vietnam veterans the respect and appreciation that they deserve. When I think about the heroes welcome that these brave men and women didn’t receive 40 years ago, I am beyond heartbroken. I applaud Congresswoman Tenney for her actions to ensure that every Vietnam Veteran receives the recognition and support that they deserve. Today is just one of many days that we honor and recognize their bravery and heroism,” said Assemblyman Manktelow.

    “I would like to thank Congresswoman Tenney for bringing us all together to honor the brave men and women who put their lives on the line in service to our country. As a representative for New York’s Finger Lakes region, I have always been proud to recognize our Veterans and thank them for their courage and willingness to make the ultimate sacrifice for the freedoms we all so deeply cherish. Unfortunately, many of our Vietnam Veterans did not receive the hero’s welcome home they deserved. The goal of this commemorative pinning ceremony is to give these Veterans that formal ‘welcome home’ and I could not be happier to be a part of such a special event,” Assemblyman Gallahan. 

    ###

    MIL OSI USA News

  • MIL-OSI USA: Sorensen Demands Answers from Deere & Company Regarding Layoffs

    Source: United States House of Representatives – Congressman Eric Sorensen (IL-17)

    ROCK ISLAND, IL – Today, Congressman Eric Sorensen (IL-17) sent a letter to Deere & Company’s leadership demanding answers regarding their recently announced round of layoffs.  

    “I write to express my deep concern with the continued rounds of layoffs that have impacted more than 2,000 workers this year alone,” Sorensen wrote in the letter. “These losses hit our Quad Cities community hard. With declining sales, I recognize the challenging business climate you must operate within. However, I remain concerned that Deere & Company has not been forthcoming with your employees and the community about your plans.” 

    Read the full letter to Deere & Company CEO John C. May below. 

    John C. May  

    Chief Executive Officer  

    Deere & Company 

    One John Deere Place  

    Moline, IL 61265  

    Dear Mr. May:  

    I write to express my deep concern with the continued rounds of layoffs that have impacted more than 2,000 workers this year alone. These losses hit our Quad Cities community hard. With declining sales, I recognize the challenging business climate you must operate within. However, I remain concerned that Deere & Company has not been forthcoming with your employees and the community about your plans. 

    As a Quad Citizen, I have always been proud to share a hometown with John Deere. Every time I fly back over the corn and soybean fields of western Illinois, I look down at the landscape dotted with green John Deere tractors. On my Congressional trips around the world, I see the same. Our region feeds and fuels the world, from the men and women at Harvester Works who assemble the machines to the family farmers who drive them. This is a special place with a special way of life.   

    In my position on the House Agriculture Committee, I have done everything within my power to create favorable market conditions for our U.S. agricultural manufacturing sector, our family farmers, and our workers. I understand that times are tough with a global production slowdown, declining grain prices, and rising input costs. I know that Deere & Company must make tough decisions in a competitive market environment. At the same time, your company reported $1.3 billion in profit last quarter. As CEO, you took home $26.7 million last year, 284 times more than the average worker, and a $6 million increase over the previous year. That isn’t fair to the workers whose efforts made Deere’s profits — and your generous executive compensation package — possible.   

    I request a detailed understanding of your plans to avoid future layoffs. 

    1. What steps is Deere & Company taking to prevent future layoffs?  
    1. Understanding that the business climate demands cost-cutting measures and sacrifice, what salary and bonus adjustments does Deere & Company plan to make at the executive level?   
    1. What steps are you taking to keep jobs – both salaried and production – here in the Quad Cities?  
    1. What steps will you take to help laid off employees find new employment?  
    1. Will you commit to keeping employees and the community fully apprised of your plans moving forward? 

    I am committed to ensuring our world class workers receive the opportunities and respect they deserve. I look forward to your prompt response.  

    Congressman Eric Sorensen serves on the House Committee on Agriculture and the House Committee on Science, Space, and Technology. Prior to serving in Congress, Sorensen was a local meteorologist in Rockford and the Quad Cities for nearly 20 years. His district includes Illinois’ Quad Cities, Rockford, Peoria, and Bloomington-Normal.

    ###

    MIL OSI USA News

  • 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

  • MIL-OSI USA: Feenstra Urges Iowans Impacted by Summer Floods to Apply for Relief before October 22nd Deadline

    Source: United States House of Representatives – Representative Randy Feenstra (IA-04)

    HULL, IOWA – Today, U.S. Rep. Randy Feenstra (R-Hull) released the following statement urging Iowa homeowners and renters impacted by the floods from June 16th through July 23rd to apply for disaster relief through FEMA before the October 22nd deadline:

    “Tuesday October 22nd is the last day that Iowans impacted by this summer’s devastating floods can apply for disaster assistance through the federal government. Resources are available to help families and homeowners rebuild their homes and replace damaged and destroyed personal property. I encourage anyone in need of support to visit DisasterAssistance.gov or call 1-800-621-3362 before the October 22nd deadline. Iowans can also go to my website at Feenstra.House.Gov and visit my Natural Disaster Resource Center for more information about recovery assistance.”

    ###

    MIL OSI USA News

  • 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

    *****
    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.

    *****

    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.

    *****

    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.

    *****

    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.

    *****
    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.

    *****

    Attachment

    The MIL Network

  • MIL-OSI China: ROC (Taiwan) government donates US$800,000 to assist US with reconstruction efforts following Hurricane Helene

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    ROC (Taiwan) government donates US$800,000 to assist US with reconstruction efforts following Hurricane Helene

    • Date:2024-10-12
    • Data Source:Public Diplomacy Coordination Council

    October 12, 2024

    No. 350

    On the evening of September 26, category 4 Hurricane Helene hit Florida and continued on to ravage many other southeastern states in the United States, causing over 230 deaths and US$30 billion in damages thus far. The ROC (Taiwan) government is donating US$800,000 to assist local governments and residents with the recovery efforts, with US$300,000 earmarked for Florida and North Carolina each and US$200,000 for Georgia. It is hoped that these funds will help victims return to normal life as soon as possible. 

    As Taiwan is typically struck by typhoons every year in summer and fall, the people and government of Taiwan empathize with the people of the southeastern US regarding the great loss in life and property caused by Hurricane Helene. To promptly extend a helping hand, Taiwan’s offices in Miami and Atlanta will consult with related US agencies so that the funds will be publicly donated to special accounts dedicated to assisting local residents in reconstructing their homes. (E) 

    MIL OSI China News

  • MIL-OSI China: Foreign Minister Lin addresses Global Taiwan Institute; promotes integrated diplomacy and urges cooperation with US to advance regional prosperity and stability

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    Foreign Minister Lin addresses Global Taiwan Institute; promotes integrated diplomacy and urges cooperation with US to advance regional prosperity and stability

    • Date:2024-10-17
    • Data Source:Department of North American Affairs

    October 17, 2024 

    No. 355

    At the invitation of the Global Taiwan Institute (GTI), a think tank based in Washington, DC, Minister of Foreign Affairs Lin Chia-lung delivered a keynote address via a prerecorded video at its annual symposium held on October 16. He discussed the grave challenges authoritarian coalitions and expansionism pose to the international order and commended the United States for creating a strong and mutually reinforcing latticework of alliances. He said that Taiwan, as an indispensable member of the international community, hoped to promote integrated diplomacy and work with the United States to respond to a variety of challenges. 

     

    Minister Lin explained how China was ramping up military intimidation against Taiwan, in addition to legal, public opinion, and cognitive warfare. He indicated that China was deliberately using gray-zone tactics in an attempt to create a new normal across the Taiwan Strait, which seriously jeopardized peace and stability across the Taiwan Strait and the region. Minister Lin thanked the United States for its staunch commitment to supporting Taiwan’s security, as reflected in such assistance as foreign military financing and presidential drawdown authority in recent years. He affirmed that Taiwan had also been steadily increasing its defense budget as well as whole-of-society defense resilience and defense capabilities. 

     

    Minister Lin stated that the core of integrated diplomacy was the promotion of economic and trade partnerships based on mutual prosperity. He anticipated that through the Economic Prosperity Partnership Dialogue and other platforms Taiwan and the United States would continue to increase supply chain resilience and cooperation in critical areas. He noted that in line with the one plus one equals three concept, Taiwan and the United States could jointly facilitate development in third countries. He added that under the Global Cooperation and Training Framework cooperation with other nations could be expanded to respond to global issues and challenges, paving the way for Taiwan’s policy shift from consolidating diplomatic ties to bolstering the prosperity of diplomatic allies. Emphasizing that Taiwan needed the world and the world needed Taiwan, Minister Lin said that Taiwan would continue to work closely with the United States, allies, and partners to implement integrated diplomacy and expand Taiwan’s international presence. 

     

    GTI was the first think tank in Washington, DC, to focus on Taiwan-related research. The theme of this year’s symposium was “US-Taiwan Relations: An Ironclad Partnership in a Period of Global Disruption.” It explored Taiwan-US defense and security cooperation, the US elections, China’s gray-zone threats, and geopolitical security issues. (E)

    MIL OSI China News

  • MIL-OSI Asia-Pac: Foreign Minister Lin addresses Global Taiwan Institute; promotes integrated diplomacy and urges cooperation with US to advance regional prosperity and stability

    Source: Republic of China Taiwan 3

    Foreign Minister Lin addresses Global Taiwan Institute; promotes integrated diplomacy and urges cooperation with US to advance regional prosperity and stability

    Date:2024-10-17
    Data Source:Department of North American Affairs

    October 17, 2024 
    No. 355

    At the invitation of the Global Taiwan Institute (GTI), a think tank based in Washington, DC, Minister of Foreign Affairs Lin Chia-lung delivered a keynote address via a prerecorded video at its annual symposium held on October 16. He discussed the grave challenges authoritarian coalitions and expansionism pose to the international order and commended the United States for creating a strong and mutually reinforcing latticework of alliances. He said that Taiwan, as an indispensable member of the international community, hoped to promote integrated diplomacy and work with the United States to respond to a variety of challenges. 
     
    Minister Lin explained how China was ramping up military intimidation against Taiwan, in addition to legal, public opinion, and cognitive warfare. He indicated that China was deliberately using gray-zone tactics in an attempt to create a new normal across the Taiwan Strait, which seriously jeopardized peace and stability across the Taiwan Strait and the region. Minister Lin thanked the United States for its staunch commitment to supporting Taiwan’s security, as reflected in such assistance as foreign military financing and presidential drawdown authority in recent years. He affirmed that Taiwan had also been steadily increasing its defense budget as well as whole-of-society defense resilience and defense capabilities. 
     
    Minister Lin stated that the core of integrated diplomacy was the promotion of economic and trade partnerships based on mutual prosperity. He anticipated that through the Economic Prosperity Partnership Dialogue and other platforms Taiwan and the United States would continue to increase supply chain resilience and cooperation in critical areas. He noted that in line with the one plus one equals three concept, Taiwan and the United States could jointly facilitate development in third countries. He added that under the Global Cooperation and Training Framework cooperation with other nations could be expanded to respond to global issues and challenges, paving the way for Taiwan’s policy shift from consolidating diplomatic ties to bolstering the prosperity of diplomatic allies. Emphasizing that Taiwan needed the world and the world needed Taiwan, Minister Lin said that Taiwan would continue to work closely with the United States, allies, and partners to implement integrated diplomacy and expand Taiwan’s international presence. 
     
    GTI was the first think tank in Washington, DC, to focus on Taiwan-related research. The theme of this year’s symposium was “US-Taiwan Relations: An Ironclad Partnership in a Period of Global Disruption.” It explored Taiwan-US defense and security cooperation, the US elections, China’s gray-zone threats, and geopolitical security issues. (E)

    MIL OSI Asia Pacific News

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

    Source: Hong Kong Government special administrative region

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

    Distinguished guests, ladies and gentlemen,

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

    Warehouse of talent and investment

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

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

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

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

    Evolution of money and technology

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

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

    Breakthrough to establish a new fintech innovation ecosystem

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

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

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

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

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Expansion of Residential Care Services Scheme in Guangdong announced

    Source: Hong Kong Government special administrative region

    Expansion of Residential Care Services Scheme in Guangdong announced
    Expansion of Residential Care Services Scheme in Guangdong announced
    ********************************************************************

         The Social Welfare Department (SWD) announced today (October 22) that seven additional residential care homes for the elderly (RCHEs) (among which five are operated by Mainland organisations and two are operated under a partnership formed by Hong Kong organisations and Mainland elderly service operators), located in Guangzhou, Foshan and Zhongshan respectively, will become Recognised Service Providers under the Residential Care Services Scheme in Guangdong starting from November 1 to provide subsidised care and attention places for elderly persons joining the Scheme.           The information of the additional RCHEs is as follows: 

     
    Name of RCHEs
    Location of RCHEs

    Guangzhou

    1.  
    Home For The Aged Nansha (Yinian Medical Senior Citizen) 
    North Side of Qilin Middle School, Huangge Town, Nansha District, Guangzhou 

    2.
    Yishou Enjoylife Elderly Care Guangdong Guangzhou Luhujiazhanghui Nursing Home Branch 
    64-1 Hengzhigang Road, Yuexiu District, Guangzhou 

    ​3. 
    Guangzhou Tianyue Hexihui Home for the Elderly
    6 Renrui New Street, Pazhou, Haizhu District, Guangzhou 

    4. 
    Guangzhou Chunxuanmao Chenchong Senior Living Service Co, Ltd(Operated under the partnership formed by The Lok Sin Tong Benevolent Society Kowloon and a Mainland elderly service operator)
    200 Chenchong Road, Panyu District, Guangzhou

    Foshan

    ​5.
    Foshan Canopusland Co, Ltd
    24 North Fenjiang Road, Chancheng District, Foshan 

    6. 
    Hetai Center(Operated under the partnership formed by Jane’s Home Limited and a Mainland elderly service operator) 
    3 Shuiyun Road, Junlan Community, Beijiao Town, Shunde District, Foshan

    Zhongshan

    7.
    Zhongshan Torch Development Zone Yikang Senior Services Center 
    Qiguan East Road, Torch Development Zone, Zhongshan 

         Taking into account the two RCHEs in Shenzhen, one in Foshan and one in Zhaoqing, the total number of RCHEs registered under the Scheme will increase to 11 in five Mainland cities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) to provide more choices for the elderly who are interested in retiring in Mainland cities in the GBA.           Details of the Scheme are available at the SWD website (www.swd.gov.hk/en/pubsvc/elderly/cat_residentcare/subrcheplace/guangdong/index.html).

     
    Ends/Tuesday, October 22, 2024Issued at HKT 14:30

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: 14 building plans approved in August

    Source: Hong Kong Government special administrative region

    14 building plans approved in August
    14 building plans approved in August
    ************************************

         The Buildings Department approved 14 building plans in August, with four on Hong Kong Island, six in Kowloon and four in the New Territories.     Of the approved plans, eight were for apartment and apartment/commercial developments, two were for commercial developments, and four were for community services developments.     In the same month, consent was given for works to start on 10 building projects which, when completed, will provide 64 505 square metres of gross floor area for domestic use involving 1 502 units, and 38 346 sq m of gross floor area for non-domestic use. The department has received notification of commencement of superstructure works for three building projects.     The department also issued 15 occupation permits, with two on Hong Kong Island, five in Kowloon and eight in the New Territories.     Of the buildings certified for occupation, the gross floor area for domestic use was 69 576 sq m involving 2 319 units, and 18 417 sq m was for non-domestic use.     The declared cost of new buildings completed in August totalled about $3.3 billion.     In addition, four demolition consents were issued.     The department received 2 409 reports about unauthorised building works (UBWs) in August and issued 702 removal orders on UBWs.     The full version of the Monthly Digest for August can be viewed on the Buildings Department’s homepage (www.bd.gov.hk).

     
    Ends/Tuesday, October 22, 2024Issued at HKT 15:00

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    MIL OSI Asia Pacific News