Category: KB

  • MIL-OSI Europe: OSCE Enhances Capacities to Detect Terrorism Financing during the Fundraising Phase

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

    Headline: OSCE Enhances Capacities to Detect Terrorism Financing during the Fundraising Phase

    Participants in the seminar work on practical cases under the guidance of the expert, Astana, 17-18 December 2024. (OSCE/Yerlen Badykhan) Photo details

    On 17-18 December 2024, the OSCE Programme Office in Astana, in collaboration with key national agencies, held a training workshop focused on detecting the financing of terrorism during the fundraising phase. The workshop aimed to strengthen Kazakhstan’s capacity to counter the complex challenges posed by financial crimes linked to terrorism.
    The event brought together 22 participants representing the Financial Monitoring Agency, the Ministry of Interior, the National Security Committee, and the Prosecutor General’s Office of Kazakhstan. They engaged in expert-led sessions designed to enhance their understanding of identifying suspicious financial activities and disrupting terrorist fundraising efforts at an early stage, namely during fundraising activities.
    The expert provided in-depth insights into the mechanisms used for fundraising, including the misuse of non-profit organizations, crowdfunding platforms, and informal money transfer systems. Participants gained hands-on experience in organizing the collection and analysis of operational information related to countering the financing of terrorism, as well as methods for obtaining data on available financial assets and cash flows of individuals under audit. The sessions also covered advanced approaches for identifying relevant information on individuals involved in investigations, analyzing channels used for collecting funds to finance terrorism, and detecting suspicious transaction patterns. Apart from that, participants learned to identify vulnerabilities in financial reporting systems and apply international good practices to trace and prevent illicit funds from reaching terrorist networks.
    Case studies and practical exercises emphasized the importance of early detection tools and inter-agency co-operation. The workshop highlighted the role of financial intelligence and proactive investigation methods in addressing evolving threats in the financing landscape.
    Head of the Division for Countering Financing of Terrorism at the Financial Monitoring Agency, Sayat Maltayev, shared his feedback: “The training sessions were highly practical and directly applicable to our daily work. The skills and tools shared during this workshop will undoubtedly strengthen our ability to detect and prevent the financing of terrorism at its sources”.
    This workshop underscores the continued commitment of the OSCE Programme Office in Astana to support Kazakhstan’s efforts in combating financial crimes and fostering a more secure and transparent financial system. By equipping professionals with critical knowledge and tools, Kazakhstan is enhancing its capacities to address emerging threats posed by the financing of terrorism.

    MIL OSI Europe News

  • MIL-OSI: Falcon Oil & Gas Ltd. – Drilling completed on the second well in the Shenandoah South Pilot Project, Shenandoah S2-4H

    Source: GlobeNewswire (MIL-OSI)

    Falcon Oil & Gas Ltd.
    (“Falcon” or “Company”)

    Drilling completed on the second well in the Shenandoah South Pilot Project, Shenandoah S2-4H

    23 December 2024 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that the Shenandoah S2-4H (“SS4H”) horizontal well was successfully drilled, cased and cemented to a measured depth of 6,452 metres (21,169 feet) in exploration permit 98 in the Beetaloo Sub-basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s (“Falcon Australia”) joint venture partner, Tamboran (B2) Pty Limited (“Tamboran B2”).

    Data from the SS4H well has indicated strong gas shows and a continuation of the high-quality shale and rock properties observed in the Shenandoah South 1H and Shenandoah South 2H (“SS2H ST1”) locations with no faulting observed along the entire 3,048-metre (10,000 foot) lateral section.

    The Liberty Energy (NYSE: LBRT) stimulation equipment and sand has been mobilized to location ahead of the stimulation campaign, which is planned to commence in early 1Q 2025, with IP30 flow test from both SS2H ST1 and SS4H expected to be released in 1Q 2025.

    Philip O’Quigley, CEO of Falcon commented:
    The completion of the SS4H well is another milestone in the development of the Beetaloo Sub-basin and we will look forward to the upcoming stimulation campaign and updating the market as operations progress.”

                                                    Ends.

    CONTACT DETAILS:

    Falcon Oil & Gas Ltd.          +353 1 676 8702
    Philip O’Quigley, CEO +353 87 814 7042
    Anne Flynn, CFO +353 1 676 9162
     
    Cavendish Capital Markets Limited (NOMAD & Broker)
    Neil McDonald / Adam Rae +44 131 220 9771
       

    This announcement has been reviewed by Dr. Gábor Bada, Falcon Oil & Gas Ltd’s Technical Advisor. Dr. Bada obtained his geology degree at the Eötvös L. University in Budapest, Hungary and his PhD at the Vrije Universiteit Amsterdam, the Netherlands. He is a member of AAPG.

    About Falcon Oil & Gas Ltd.

    Falcon Oil & Gas Ltd is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland.

    Falcon Oil & Gas Australia Limited is a c. 98% subsidiary of Falcon Oil & Gas Ltd.

    For further information on Falcon Oil & Gas Ltd. Please visit www.falconoilandgas.com

    About Beetaloo Joint Venture (EP 76, 98 and 117)

    Company Interest
    Falcon Oil & Gas Australia Limited (Falcon Australia) 22.5%
    Tamboran (B2) Pty Limited 77.5%
    Total 100.0%

    Shenandoah South Pilot Project -2 Drilling Space Units – 46,080 acres1

    Company Interest
    Falcon Oil & Gas Australia Limited (Falcon Australia) 5.0%
    Tamboran (B2) Pty Limited 95.0%
    Total 100.0%

    1Subject to the completion of the SS2H ST1 and SS4H wells on the Shenandoah South pad 2.

    About Tamboran (B2) Pty Limited
    Tamboran (B1) Pty Limited (“Tamboran B1”) is the 100% holder of Tamboran (B2) Pty Limited, with Tamboran B1 being a 50:50 joint venture between Tamboran Resources Corporation and Daly Waters Energy, LP.

    Tamboran Resources Corporation, is a natural gas company listed on the NYSE (TBN) and ASX (TBN). Tamboran is focused on playing a constructive role in the global energy transition towards a lower carbon future, by developing the significant low CO2 gas resource within the Beetaloo Basin through cutting-edge drilling and completion design technology as well as management’s experience in successfully commercialising unconventional shale in North America.

    Bryan Sheffield of Daly Waters Energy, LP is a highly successful investor and has made significant returns in the US unconventional energy sector in the past. He was Founder of Parsley Energy Inc. (“PE”), an independent unconventional oil and gas producer in the Permian Basin, Texas and previously served as its Chairman and CEO. PE was acquired for over US$7 billion by Pioneer Natural Resources Company.

    Advisory regarding forward-looking statements
    Certain information in this press release may constitute forward-looking information. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking information. Forward-looking information typically contains statements with words such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “dependent”, “consider” “potential”, “scheduled”, “forecast”, “outlook”, “budget”, “hope”, “suggest”, “support” “planned”, “approximately”, “potential” or the negative of those terms or similar words suggesting future outcomes. In particular, forward-looking information in this press release includes, but is not limited to, information relating to the drilling the SS4H well to a total measured depth of 6,452 metres, the indication of strong gas shows and a continuation of the high-quality shale and rock properties observed in the Shenandoah South 1H and SS2H ST1 locations, stimulation planned to commence in early 1Q 2025 with IP30 flow test from both SS2H ST1 and SS4H expected to be released in 1Q 2025.

    This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. The risks, assumptions and other factors that could influence actual results include risks associated with fluctuations in market prices for shale gas; risks related to the exploration, development and production of shale gas reserves; general economic, market and business conditions; substantial capital requirements; uncertainties inherent in estimating quantities of reserves and resources; extent of, and cost of compliance with, government laws and regulations and the effect of changes in such laws and regulations; the need to obtain regulatory approvals before development commences; environmental risks and hazards and the cost of compliance with environmental regulations; aboriginal claims; inherent risks and hazards with operations such as mechanical or pipe failure, cratering and other dangerous conditions; potential cost overruns, drilling wells is speculative, often involving significant costs that may be more than estimated and may not result in any discoveries; variations in foreign exchange rates; competition for capital, equipment, new leases, pipeline capacity and skilled personnel; the failure of the holder of licenses, leases and permits to meet requirements of such; changes in royalty regimes; failure to accurately estimate abandonment and reclamation costs; inaccurate estimates and assumptions by management and their joint venture partners; effectiveness of internal controls; the potential lack of available drilling equipment; failure to obtain or keep key personnel; title deficiencies; geo-political risks; and risk of litigation.

    Readers are cautioned that the foregoing list of important factors is not exhaustive and that these factors and risks are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Falcon assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to Falcon. Additional information identifying risks and uncertainties is contained in Falcon’s filings with the Canadian securities regulators, which filings are available at www.sedarplus.com, including under “Risk Factors” in the Annual Information Form.

    Any references in this news release to initial production rates are useful in confirming the presence of hydrocarbons; however, such rates are not determinative of the rates at which such wells will continue production and decline thereafter and are not necessarily indicative of long-term performance or ultimate recovery. While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production for Falcon. Such rates are based on field estimates and may be based on limited data available at this time.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    The MIL Network

  • MIL-OSI: Financing facility update

    Source: GlobeNewswire (MIL-OSI)

    23 December 2024

    ICG Enterprise Trust announces increased credit facility

    ICG Enterprise Trust plc (‘ICGT’) has increased the size of its revolving credit facility (‘RCF’) from €240m to €300m to accommodate portfolio growth. This change was effective from 20 December 2024.

    There are no other changes to the terms previously disclosed on 1 June 2023 and 5 June 2024.

    At 13 December 2024, ICGT had total available liquidity of £84m (31 July 2024: £126m). This comprised £8m cash and £76m (€92m) undrawn RCF. Pro forma for the increase announced today, ICGT would have had total available liquidity of £134m.

    Enquiries

    Analyst / Investor enquiries                                                                                                
    Chris Hunt, Head of Corporate Development and Shareholder Relations
    +44 (0) 20 3545 2000

    Media                                                                                                                    
    Clare Glynn, Corporate Communications, ICG                                                    
    +44 (0) 20 3545 1395

    Website                                                                                 
    www.icg-enterprise.co.uk

    About ICG Enterprise Trust

    ICG Enterprise Trust is a leading listed private equity investor focused on creating long-term growth by delivering consistently strong returns through selectively investing in profitable, cash-generative private companies, primarily in Europe and the US, while offering the added benefit to shareholders of daily liquidity.

    We invest in companies directly as well as through funds managed by Intermediate Capital Group plc (‘ICG’) and other leading private equity managers who focus on creating long-term value and building sustainable growth through active management and strategic change.

    Disclaimer

    The information contained herein does not constitute an offer to sell, or the solicitation of an offer to acquire or subscribe for, any securities in any jurisdiction where such an offer or solicitation is unlawful or would impose any unfulfilled registration, qualification, publication or approval requirements on ICG Enterprise Trust PLC (the “Company”) or its affiliates or agents. Equity securities in the Company have not been and will not be registered under the applicable securities laws of the United States, Australia, Canada, Japan or South Africa (each an “Excluded Jurisdiction”). The equity securities in the Company referred to herein and on the pages that follow may not be offered or sold within an Excluded Jurisdiction, or to any U.S. person (“U.S. Person”) as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or to any national, resident or citizen of an Excluded Jurisdiction.

    The information on the pages herein may contain forward looking statements. Any statement other than a statement of historical fact is a forward looking statement. Actual results may differ materially from those expressed or implied by any forward looking statement. The Company does not undertake any obligation to update or revise any forward looking statements. You should not place undue reliance on any forward looking statement, which speaks only as of the date of its issuance.

    The MIL Network

  • MIL-OSI: Periodic announcement on the acquisition of the Bank‘s own shares and its results (week 7)

    Source: GlobeNewswire (MIL-OSI)

    This announcement contains information on transactions of the acquisition of own shares of AB Šiaulių bankas (the Bank) carried during the period specified below under the Bank’s own share buy-back programme announced on 31 October 2024. 

    The period during which the acquisition of the Bank’s own shares under the programme was carried out – 04.11.2024 – 20.12.2024. 

    Period covered by this periodic report – 16.12.2024 – 20.12.2024. 

    Other information: 

    Transaction overview 
    Date  Total number of shares purchased on the day ( units)  Weighted average price (EUR)  Total value of transactions (EUR) 
    2024.12.16 90,000 0.829 74,580.03
    2024.12.17 75,000 0.828 62,115.00
    2024.12.18 80,000 0.828 66,240.00
    2024.12.19 75,000 0.826 61,950.03
    2024.12.20 50,000 0.825 41,250.01
    Total acquired during the current week  370,000 0.827 306,135.07
    Total acquired during the programme period  3,010,461 0.826 2,486,973.54
           
     

    The Bank’s own bought-back shares: 9,890,461 units.  

    Following the above transactions, the Bank will own a total of 10,260,461 units of own shares representing 1.55 % of the Bank’s issued shares. 

    Further detailed information on the transactions is attached. 

    This information is also available at: www.sb.lt   

    Additional information:
    Tomas Varenbergas
    Head of Investment Management Division
    tomas.varenbergas@sb.lt

    Attachment

    The MIL Network

  • MIL-OSI: Falcon Oil & Gas Ltd. – Change of Auditors

    Source: GlobeNewswire (MIL-OSI)

    FALCON OIL & GAS LTD.

    (“Falcon)

    Change of Auditors

    23 December 2024 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) announces that BDO Canada LLP has been appointed as Falcon’s new auditor, replacing BDO LLP in the UK.

    Ends.

    CONTACT DETAILS:

    Falcon Oil & Gas Ltd.          +353 1 676 8702
    Philip O’Quigley, CEO +353 87 814 7042
    Anne Flynn, CFO +353 1 676 9162
     
    Cavendish Capital Markets Limited (NOMAD & Broker)
    Neil McDonald / Adam Rae +44 131 220 9771

    About Falcon Oil & Gas Ltd.

    Falcon Oil & Gas Ltd is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland.

    For further information on Falcon Oil & Gas Ltd. please visit www.falconoilandgas.com

    Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Falcon assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Falcon. Additional information identifying risks and uncertainties is contained in Falcon’s filings with the Canadian securities regulators, which filings are available at www.sedarplus.ca

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    The MIL Network

  • MIL-OSI Economics: CES 2025

    Source: Panasonic

    Headline: CES 2025

    The content in this website is accurate at the time of publication but may be subject to change without notice.Please note therefore that these documents may not always contain the most up-to-date information.Please note that German, French and Chinese versions are machine translations, so the quality and accuracy may vary.

    MIL OSI Economics

  • MIL-OSI Economics: Countdown to CES 2025: Looking Ahead to Panasonic Group’s Opening Keynote and Revisiting Past Innovations

    Source: Panasonic

    Headline: Countdown to CES 2025: Looking Ahead to Panasonic Group’s Opening Keynote and Revisiting Past Innovations

    Panasonic to deliver opening keynote at CES 2025

    On October 1, 2024, Yuki Kusumi, Panasonic Holdings Corporation (Panasonic HD) CEO, was joined in Tokyo by Ms. Kinsey Fabrizio, President of the Consumer Technology Association (CTA)—owner and producer of CES—to announce that Kusumi would deliver an opening keynote speech at CES 2025. The world-renowned tech event takes place in Las Vegas, Nevada from January 7–10, 2025.
    Panasonic Group’s key message for CES 2025, “Well into the future,” expresses the Group’s desire to realize its vision for a better future not only through products, technologies, and services, but also through business activities that include the development of green energy technologies and circular economy practices to help address the urgency of the climate crisis.
    “In our opening keynote, we will introduce cutting-edge initiatives that focus on innovative technologies to enhance the sustainability of society, as well as the health, comfort and safety of families and individuals,” said Kusumi, “and will demonstrate that the Panasonic Group is taking a new step towards realizing the future it aims for.”
    The opening keynote will be the first for Panasonic since 2013. 

    Kusumi CEO speaking at the October 1 event

    Longstanding CES Connection: 57 consecutive years as exhibitor

    Panasonic has exhibited at every CES since 1967, when the first event—known then as the Consumer Electronics Show—was held in New York City. “CES is one of the most important events in our industry because it is a place where people from around the world can gather together to experience cutting-edge technology and seek inspiration,” said Kusumi.
    The Group maintains a long-standing partnership with the CTA, the event’s organizer, as the two hold a shared belief in the potential of technology to realize a sustainable future and the importance of applying technology to the benefit of customers, society, and the global environment.
    “Our relationship with CTA is not just that of organizer and exhibitor, but is also based on a strong desire to solve global issues using the latest innovations. Of course, this strong desire also aligns with the mission of the Panasonic Group,” said Kusumi. 
    At CES2025, Panasonic will continue to showcase its latest initiatives related to Artificial Intelligence, Energy/Power, Lifestyle, and Sustainability at its booth in LVCC Central Hall #16605.

    Chance to share Panasonic Group goals with the world

    CES caters to a global audience. In addition to attracting more than 4,300 exhibitors, CES 2024 saw a total verified attendance of 138,789 people, of whom 56,432 were from overseas. Also in attendance were 5,355 members of the media from 76 countries/regions around the globe. For the Panasonic Group, the annual event is a unique opportunity to share its goals with people around the world and gain their understanding of the strategies and innovations the organization is bringing to bear to realize a better future. 
    A great example of this is CES 2022, where the Panasonic Group chose to announce its global goal of reducing CO2 emissions by more than 300 million tons globally by 2050 through its long-term environmental vision Panasonic GREEN IMPACT, which sets ambitious and high-reaching targets for reducing carbon emissions.
    Sustainability was the featured topic at CES 2023 and Panasonic was among the leading global companies demonstrating their contribution to the fight against climate change. This contribution began with Panasonic’s exhibition spaces: designed to use fewer and recycled materials while cutting down on waste, the booth was crafted from environmentally friendly materials such as bamboo and wheatgrass and did not use carpeting. The exhibit allowed visitors to explore the technologies and solutions Panasonic has developed that support its vision of a smart, ecological world, including hydrogen-powered factories, energy efficient consumer products, and electric mobility.

    Panasonic Exhibition Booth at CES 2024

    At CES 2024, Panasonic’s press conference and booth explained how the Group is positioning environmental initiatives at the center of every aspect of its business. In the first booth area, visitors could see products and solutions that are helping to move homes, businesses, and society toward a decarbonized tomorrow based on sustainable energy, including air-to-water heat pumps, electric vehicle (EV) batteries, vehicle-to-home (V2H) storage battery systems, and perovskite solar cells (PSCs). The second booth area introduced systems and services that promote the transition toward a circular business model based on reduced use of plastic, product refurbishment, and resource recycling.

    “Well into the future” for CES 2025

    Panasonic is now putting the finishing touches on its key message for CES 2025, “Well into the future.”
    Panasonic’s legacy of social contribution continues to drive the steps it takes toward its commitment of making today better than yesterday and tomorrow better than today. Panasonic is looking forward to engaging with people from all corners of the world at CES 2025, explaining its activities and why they are meaningful, and encouraging everyone to become part of the conversation as Panasonic charts the path toward a sustainable future.
    Megan Myungwon Lee, Chairwoman & CEO, Panasonic Corp. of North America and CTA member, commented: “This year marks a significant milestone in Panasonic’s 57-year journey with CES. Guided by our founding philosophy of contributing to society through innovation, our theme, ‘Well into the future’ highlights how technology can improve health, comfort, and safety while driving a more sustainable world. I invite everyone to join the livestream and experience how Panasonic is shaping the future for individuals, families and societies alike.”

    From right: Megan Myungwon Lee, Chairwoman & CEO, Panasonic Corp. of North America; Yuki Kusumi, Panasonic Holdings Corporation CEO; Kinsey Fabrizio, President of CTA; and Megan Pollock, VP, Branding & Strategic Communication at Panasonic North America

    Opening Keynote at CES 2025

    Main Speaker: Yuki Kusumi, Group CEO, Panasonic Holdings Corporation
    Venue: Palazzo Ballroom, The Venetian Resort Las Vegas
    Date and Time: Tuesday, January 7, 2025 8:30–10:00 AM PST (Wednesday, January 8, 2025 1:30-3:00 AM JST)

    CES 2025

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    MIL OSI Economics

  • MIL-OSI Global: From pop songs to baby names: How Simeulue Island’s ‘smong’ narrative evolves post-tsunami

    Source: The Conversation – Indonesia – By Alfi Rahman, Lecturer at Faculty of Social and Political Sciences, Universitas Syiah Kuala, Director of Research Center for Social and Cultural Studies (PRISB) Universitas Syiah Kuala, and Researcher at Tsunami and Disaster Mitigation Research Center (TDMRC), Universitas Syiah Kuala

    Simelulue men gather to perform ‘nandong,’ a traditional local song. (Jihad fii Sabilillah/Youtube), CC BY

    20 years have passed since the Aceh tsunami, leaving deep scars on Indonesia, especially for those directly affected. Aceh was also recovering from a three-decade armed conflict between the Free Aceh Movement and the national government

    Throughout December 2024, The Conversation Indonesia, in collaboration with academics, is publishing a special edition honouring the 20 years of efforts to rebuild Aceh. We hope this series of articles preserves our collective memory while inspiring reflection on the journey of recovery and peace in the land of ‘Serambi Makkah.’


    Off the southern coast of Aceh lies Simeulue, a small island with a powerful story of survival. When the devastating Indian Ocean tsunami killed hundreds of thousands across the region in 2004, only five people died on Simeulue — some say just three.

    This remarkable survival was credited to a local wisdom called smong — their term for tsunamis in the Simeulue language — that taught them to read nature’s warning signs and escape to safety.

    Passed down through generations since a previous tsunami struck in 1907, smong describes the signs of an upcoming ghostly wave: a strong earthquake and the receding of seawater. This knowledge becomes a survival guide that directs them to move away from the coast immediately or head to higher ground.

    Two decades after the 2004 disaster, our research shows that this life-saving knowledge is transforming, reflecting broader social shifts and information and communication technology development. It is no longer told only through nafi-nafi (oral storytelling) but adapting to new channels, from traditional songs to pop music and even into children’s names.

    From tradition to transformation

    Our study – spanning from 2016 to 2023 and involving interviews with 18 participants – captures how smong evolves over time. Smong, for instance, finds its way to nandong, Simeulue’s traditional songs that now incorporate lyrics about the life-saving local wisdom. A local artist said:

    After the 2004 tsunami, we adapted the smong story into nandong. This became a new way to convey the ‘smong’ message, ensuring it remains relevant and easy to remember.

    One popular nandong lyric goes:

    Linon uwak-uwakmo (The earthquake rocks you like a cradle)

    Elaik kedang-kedangmo (Thunder beats like a drum)

    Kilek suluh-suluhmo (Lightning flashes like your lamp)

    Smong dumek-dumekmo (The tsunami is your bathing water).

    Video containing song or ‘nandong’ about ‘smong’

    But even as Simeulue’s younger generation embraced modern influences, smong kept up. Local artists began creating pop songs in Devayan, one of the island’s local languages. The catchy tunes brought smong into classrooms, as a 23-year-old local testified:

    I first heard a ‘smong’ song at school. The lyrics were simple but clear. They told me exactly what to do if a tsunami came.

    A children’s tale telling a stort about ‘smong’

    Smong as a symbol of resilience

    Today, smong is more than a safety warning; it symbolises the island’s strength and identity. In some families, smong even lives on in names.

    One grandmother named her grandson “Putra Smong” (smong’s son) as a tribute, saying

    His name reminds us of the wisdom that saved our lives.

    The challenge of preservation

    Despite its transformation, preserving the smong narrative faces challenges that risk eroding this customary knowledge.

    The biggest challenge is the shift in lifestyle and culture among Simeulue’s youth. Today’s younger generation is more familiar with digital technology than oral traditions. A mother said:

    In the past, our elders would tell ‘smong’ stories every evening after Maghrib (dusk) prayers. Now, children are too busy with their gadgets.

    Globalisation also brings external cultural influences, diverting the attention of Simeulue’s youth from the local heritage. Many young people grow up with limited knowledge of traditions like nafi-nafi.

    Another major challenge is the declining use of local languages such as Devayan, Sigulai, and Lekon in daily conversations. Since smong originates from these languages, preserving it relies on their continued use.

    Our observation concludes that the transmission of smong narratives remains sporadic. Its spread often depends on individual or small group initiatives and sometimes awaits external interventions.

    Without concrete efforts, the smong narrative risks fading and being forgotten by future generations. A local activist stated:

    I once proposed building a ‘smong’ monument to remind the younger generation, but the idea has yet to be realised.

    Hope for continuity: Bridging tradition and modernity

    The elders of Simeulue firmly believe that smong is a heritage that must be safeguarded. An 80-year-old community elder expressed his hope for future generations to keep smong alive.

    As long as the ‘smong’ story exists, we will remain safe. But if this story is lost, we will lose our most precious wisdom and treasure.

    To keep smong alive, educators and community leaders are looking to the future. Some propose integrating smong into school curriculum, ensuring every child knows its lessons. A teacher said.

    ‘Smong’ isn’t just a story. It’s a life-saving guide that must be passed on to every generation.

    Technology can also be an important means of preserving the native understa. Digital videos, disaster simulations, and interactive storytelling could bring smong to a tech-savvy audience, making it relevant today.

    As we hope these approaches will bridge the old tradition with modern needs, smong transformation highlights that it is not just a relic from the past. Its narrative must evolve to adapt to the times, ensuring its treasured knowledge remains alive amid social changes.

    In the face of ongoing disaster threats, particularly in Indonesia’s Ring of Fire, smong offers a valuable lesson on how preserving local wisdom can form the foundation for disaster preparedness.

    Alfi Rahman receives funding from the Ministry of Education, Culture, Research and Technology of Indonesia for this research (grant number 0168/E5/PG.02.00.PL/2023 and 094/E5/PG.02.00.PL/2024).

    Muzayin Nazaruddin tidak bekerja, menjadi konsultan, memiliki saham, atau menerima dana dari perusahaan atau organisasi mana pun yang akan mengambil untung dari artikel ini, dan telah mengungkapkan bahwa ia tidak memiliki afiliasi selain yang telah disebut di atas.

    ref. From pop songs to baby names: How Simeulue Island’s ‘smong’ narrative evolves post-tsunami – https://theconversation.com/from-pop-songs-to-baby-names-how-simeulue-islands-smong-narrative-evolves-post-tsunami-246153

    MIL OSI – Global Reports

  • MIL-OSI New Zealand: Correction – Napier homicide investigation: Third arrest made

    Source: New Zealand Police (District News)

    An earlier release stated the third man arrested in relation to the death of Boy Taylor will appear in Hastings District Court in March.

    The correct date is tomorrow, 24 December.

    We apologise for any confusion caused.

    ENDS 

    Issued by Police Media Centre 

    MIL OSI New Zealand News

  • MIL-OSI USA: California secures critical funding to address Tijuana River sewage crisis in Imperial Beach and surrounding communities

    Source: US State of California 2

    Dec 21, 2024

    What you need to know: Working alongside federal, state, and local partners, Governor Newsom helped secure an additional $250 million in critical funding to address cross-border pollution from the Tijuana River. This funding allows for the full repair and expansion of the South Bay sewage treatment plant.

    SACRAMENTO – Governor Gavin Newsom today announced that President Biden has signed a federal funding bill allocating $250 million to fully repair and expand the South Bay International Wastewater Treatment Plant near the U.S.-Mexico border in San Diego.

    This vital investment, secured in partnership with California’s congressional delegation and the Biden-Harris Administration, will reduce untreated sewage flows into California’s coastal waters and improve public health and environmental conditions in the region. The sewage crisis is not only impacting public health, the local economy, and ecosystems and species in coastal communities but has also led to local beach closures for 1,000 consecutive days. It has significantly impacted the livelihoods of tens of thousands of people, border agents and U.S. Navy Seal special operation forces who train in those waters.

    In February, October, and November of this year, the Governor met with White House officials to push for action to address this crisis. Earlier this fall, Governor Newsom visited wastewater treatment facilities on both sides of the border to assess rehabilitation efforts and the ongoing sewage crisis, a long-standing environmental and public health issue.

    For far too long, communities in the Tijuana River Valley have borne the brunt of this cross-border pollution crisis. Today’s funding marks a long-term turning point — we are delivering the resources needed to protect public health, restore our beaches, and give residents the clean air and water they deserve.

    Governor Gavin Newsom

    Addressing this decades-long crisis

    Working alongside federal, state, and local partners over years, Governor Newsom has helped secure critical funding and support to address cross-border pollution from the Tijuana River while holding authorities accountable to expedited timelines. 

    Securing federal funding: In partnership with California’s congressional delegation and the Biden-Harris Administration, Governor Newsom has now helped secure $703 million in federal funding — $353 million this year and $350 million last year— for critical upgrades to the South Bay International Wastewater Treatment Plant. The upgrades will significantly reduce the flow of untreated sewage into California’s coastal waters.

    Governor Newsom meets with Senior Advisor to the President, John Podesta and other top White House officials to advocate for funding to address the Tijuana River sewage crisis. 

    State investments to clean up the area, provide air filters to communities: In October, the County announced plans to purchase and distribute $2.7 million worth of air purifiers for local residents, which will be reimbursed by the state. Since 2019, California has allocated $35 million in state funding to address pollution in the Tijuana River Valley and support cleanup efforts:

    • $1 million to fund Tijuana River Valley Recovery Team projects in the Tijuana River Valley. 
    • $9 million to operate and maintain Goat Canyon sediment and trash basins.
    • $4.7 million to Rural Community Assistance Corporation’s Tijuana River Trash Boom pilot Project.
    • $14.25 million for the Smuggler’s Gulch Improvement Project. 
    • $3.3 million for the Tijuana River Valley Habitat and Hydrology Restoration Project. 
    • $3 million to develop a model to forecast the presence of pathogens in San Diego coastal and tidal waters and help measure the effectiveness of potential projects in the Tijuana River Valley.

    Expedited timelines: Federal authorities committed to expediting construction timelines to more quickly repair infrastructure to mitigate sewage flows.

    Public health and air quality monitoring: California public health officials have been working closely with local authorities to monitor air quality and support public health efforts to protect the community. The state helped get the CDC to deploy resources on the ground and assess public health conditions. The state has also supported the local air district on air monitoring, planning, and mitigation strategies to protect public health. 

    Water quality and timeline accountability: State authorities have been using enforcement tools to compel infrastructure improvements to the federal wastewater treatment plant, with the San Diego Water Board holding the federal facility to timelines for several repair and maintenance actions, including replacing and installing additional pumps, cleaning out sedimentation tanks, replacing a junction box and temporary influent pipe, and rehabilitating all mechanical parts for sedimentation tanks.

    Continued federal and Mexico partnerships: The Governor has urged federal and Mexican partners to address this crisis. When Governor Newsom traveled to Mexico for President Claudia Sheinbaum’s inauguration, he discussed with Mexican authorities this crisis and repairing wastewater treatment facilities to prevent excess flows from reaching the U.S. During today’s visit, the Governor also met with Baja Governor Marina del Pilar Ávila Olmeda. In February, October, and November of this year, the Governor met with White House officials to push for action to address this crisis.

    Press Releases, Recent News

    Recent news

    News Welcome to The California Weekly, your Saturday morning recap of top stories and announcements you might have missed. News you might have missed1. 📚 SUPPORTING CALIFORNIA STUDENTSBeginning in the upcoming school year, California’s kindergarten, first, and second…

    News What you need to know: The federal government adopted a new water management framework that will help the state better manage water supply and protect endangered fish species. SACRAMENTO – Today, California joined the Biden-Harris Administration as it signed off…

    News SACRAMENTO – Governor Gavin Newsom, First Partner Jennifer Siebel Newsom, and the California Museum today inducted the 18th class of the California Hall of Fame in a virtual ceremony. This all-women posthumous class consists of trailblazers in athletics, civil…

    MIL OSI USA News

  • MIL-OSI USA: New federal actions will help California better manage water supply

    Source: US State of California 2

    Dec 20, 2024

    What you need to know: The federal government adopted a new water management framework that will help the state better manage water supply and protect endangered fish species.

    SACRAMENTO – Today, California joined the Biden-Harris Administration as it signed off on a new framework key to moving and supplying water for tens of millions of Californians. Adoption of this framework is an important step for integrating future water projects vital to maintaining the state’s water supply, including the Sites Reservoir and the Delta Conveyance Project.

    Combined, the new framework covering the federal Central Valley Project and the State Water Project provides a more balanced approach to water management that will allow water managers greater flexibility when responding to extreme swings between drought and flood brought on by a changing climate. 

    The framework also benefits California’s endangered fish species through habitat restoration, improved flow measures, monitoring and hatchery production. The federal government’s adoption of this framework follows the approval of a new operating permit for the State Water Project system in November.

    We know what the future has in store for our state: hotter hots and drier dries. That means we have to do everything we can now to prepare and ensure our water infrastructure can handle these extremes. Thanks to the support of the Biden-Harris Administration, California is taking action to make our water systems more resilient and lay the groundwork for new capacity in the future.

    Governor Gavin Newsom

    This week, the U.S. Bureau of Reclamation signed a Record of Decision for new documents known as “biological opinions,” which address the water projects’ ecological impacts – shaping how water can be pumped and moved through the Sacramento-San Joaquin Delta.

    “The new framework supercharges our adaptive management and enables project operators to work with water users and the broader public to better manage the system to benefit millions of Californians and endangered fish species,” said California Department of Water Resources (DWR) Director Karla Nemeth. “Extreme storms and extended droughts mean we need to be as nimble as possible in operating our water infrastructure. DWR remains committed to working with our federal and state partners and using the best available science to support the water supply needs of California’s communities while protecting fish and wildlife.”

    In November, the state received a new operating permit for the State Water Project (SWP). The permit, known as an Incidental Take Permit, was issued by the California Department of Fish and Wildlife (CDFW) following the certification of a Final Environmental Impact Report for long-term operations of the SWP. 

    Building up California’s water supply

    Other actions the state has taken recently:

    • Nearly 400 communities across California have received support to bolster their drinking water and wastewater systems, securing clean drinking water for hundreds of thousands of people. 
    • California is forging ahead with major water projects, including the Sites Reservoir and the Delta Conveyance Project, that promise to provide water supply for millions of Californians once completed.
    • California recently marked the first decade of protecting and sustaining our critical groundwater supplies through the Sustainable Groundwater Management Act (SGMA), which empowers local agencies to tackle overpumping that endangers water supplies for communities, agriculture and ecosystems. 
    • California has increased its groundwater reserves, investing in projects that recharge groundwater basins, including capturing excess stormwater.
    • Governor Newsom unveiled an update to the California Water Plan, outlining comprehensive solutions to enhance the state’s ability to capture and store more water, especially during extreme weather events like floods. 
    • The state distributed $880 million to eliminate water utility debts for 4 million Californians, alleviating financial burdens on residents and businesses and ensuring continued access to water services during challenging economic times.

    Press Releases, Recent News

    Recent news

    News SACRAMENTO – Governor Gavin Newsom, First Partner Jennifer Siebel Newsom, and the California Museum today inducted the 18th class of the California Hall of Fame in a virtual ceremony. This all-women posthumous class consists of trailblazers in athletics, civil…

    News SACRAMENTO – Governor Gavin Newsom today issued the following statement after the California Public Utilities Commission (CPUC) approved a new plan to reduce reliance on the Aliso Canyon gas storage facility in Southern California. Aliso Canyon must be closed for…

    News What you need to know: California supports the Biden-Harris Administration’s new greenhouse gas reduction target announced today as part of America’s commitment to the Paris Agreement. SACRAMENTO – Governor Gavin Newsom today issued the following statement after…

    MIL OSI USA News

  • MIL-OSI: Šiaulių bankas to invest additional €60 million to finance the renovation of multi-apartment buildings in Lithuania

    Source: GlobeNewswire (MIL-OSI)

    On 20 December, 2024, Šiaulių bankas AB and the European Investment Bank (EIB) signed amendments to the Pre-financing and Contingent loan agreements concluded in 2016 to increase the Bank’s investment by €60 million – up to €255 million from €195 million – to finance the modernization programme of multi-apartment buildings in Lithuania.

    “The multi-apartment building modernisation fund under Bank’s administration has signed financing contracts for almost €200 million this year alone. The demand for renovation projects is gaining pace and we have committed to increase Šiaulių Bankas’ investments in renovation financing by €60 million after discussions with the Ministry of Environment of Lithuania and the EIB. This way we continue to contribute to a more sustainable and country and wellbeing,” says Vytautas Sinius, CEO of Šiaulių Bankas.

    Šiaulių Bankas has been involved in the financing market for the modernization of multi-apartment buildings in Lithuania for more than 12 years. During this period, the Bank and its partners have financed the renovation of more than 3,000 projects total loan worth exceeding €1.2 billion.

    “The Ministry of the Environment appreciates the cooperation with Šiaulių bankas, the financial intermediary chosen by the EIB, which, recognising the importance of renovation, has made it possible to finance the long-standing modernisation of multi-apartment buildings. The additional funding will ensure the continuity of the loan funds created with EU funds and a smooth transition to new financial instruments. I hope that these additional funds will accelerate the implementation of renovation projects,” said Povilas Poderskis, Minister of the Environment.

    “This collaboration between Šiaulių bankas and EIB represents another significant step in strengthening our long-term partnership in the housing sector. We are pleased to support this initiative at a time when financing for renovation and energy efficiency is most needed. By contributing to the Government’s goals in this critical sector, we are helping to drive sustainable development and support the creation of greener, more resilient homes, while advancing broader climate objectives,” said Junona Bumelytė, EIB Fund and Structuring Officer.

    Šiaulių Bankas launched the €200 million SB Modernisation Fund 2, financed by Šiaulių bankas itself, the Government, with the EIB as fund manager, as well as Swedbank, the European Bank for Reconstruction and Development (EBRD), and pension funds managed by the Šiaulių bankas Group this year. This fund has already signed financing agreements for almost all allocated amount to renovate up to 300 multi-apartment buildings across Lithuania.

    The aim is to renovate most of the multi-apartment buildings in Lithuania by 2050. Two thirds of these buildings are currently energy class D and below. Modernized buildings save energy while improving living conditions and increasing value.

    Additional information:

    Tomas Varenbergas

    Head of Investment Management Division

    tomas.varenbergas@sb.lt

    The MIL Network

  • MIL-OSI NGOs: China: Five years on, activists jailed in ‘cruel’ 2019 crackdown must be released

    Source: Amnesty International –

    It is time to step up demands for the Chinese government to release human rights defenders detained after attending a social gathering five years ago, Amnesty International said today.

    In December 2019, a number of human rights activists met in the southeastern city of Xiamen for a dinner and discussion of social issues. From the 26th of that month, and over the weeks that followed, Chinese authorities forcibly disappeared human rights lawyer Ding Jiaxi and legal scholar Xu Zhiyong until they re-surfaced in government detention.

    Amnesty International considers both men prisoners of conscience and has consistently advocated for their immediate and unconditional release.

    “The Xiamen crackdown epitomizes the Chinese authorities’ all-out assault on civil society and the cruelty with which they treat peaceful rights advocates,” said Sarah Brooks, Amnesty International’s China Director.

    At least five other activists were also targeted, and detained, for their affiliation with the gathering. In the months that followed, all seven activists were reportedly held in “residential surveillance at a designated location” (RSDL), a form of secret incommunicado detention that places detainees at increased risk of torture and other forms of ill-treatment.

    “Over the past five years, Xu Zhiyong and Ding Jiaxi – along with several of their companions – have endured arbitrary detention, torture and unfair trials, merely because they attended a private gathering and discussed the civil society situation and current affairs in China.”

    Following closed-door trials, on 10 April 2023 Xu Zhiyong and Ding Jiaxi were sentenced to 14 and 12 years in prison respectively for “subverting state power”. In October 2024, Xu Zhiyong began a hunger strike to protest his treatment in prison, which included being harassed by fellow cellmates, apparently at the behest of prison officials.

    “The continued imprisonment of Xu Zhiyong and Ding Jiaxi is an outrage, and the international community must ramp up pressure on the Chinese government to address this injustice and secure their release,” Sarah Brooks said.

    The Chinese authorities must immediately release Ding and Xu and stop punishing all those who participated in the Xiamen gathering.

    Both Ding and Xu have been the subject of recommendations to Chinese authorities by multiple governments and by UN officials, including High Commissioner for Human Rights Volker Türk. Yet concrete actions to demand access to these individuals or to increase the consequences to Chinese authorities for their crackdown on human rights defenders have not materialized.

    “The harsh sentences meted out to Xu and Ding are meant to send a message: that to fight to defend one’s rights is unacceptable to the Chinese government. Yet they persisted, and now their family members carry on advocating for their release with that same conviction.”

    Ding Jiaxi’s wife, Sophie Luo, told Amnesty International ahead of the fifth anniversary of the Xiamen gathering: “I know that attending a private gathering does not violate any laws, and these citizens should not be imprisoned for even a day. Therefore, I will fight tirelessly for the dismissal of this case.”

    A support group active online coordinated by activists in and outside of China is collecting messages and prayers to share with Xu, despite censorship and the risk of government retaliation.

    “The Chinese authorities must immediately release Ding and Xu and stop punishing all those who participated in the Xiamen gathering. The grim picture painted by their continued imprisonment should galvanize international condemnation for China’s crackdown on civil society,” Sarah Brooks said.

    Xu Zhiyong and Ding Jiaxi were prominent members of the New Citizens’ Movement, a loose network of activists founded by Xu in 2012 to promote government transparency and expose corruption. Both had been jailed previously due to their advocacy; Ding served three and a half years and was released in October 2016, while Xu – whose sentence was slightly longer – was released in 2017. 

    Xu and Ding appealed their 2023 convictions, but in November 2023, the Shandong Provincial High Court upheld the verdict and sentence against them. Both have now requested a second appeal.

    In jail, Ding and Xu have been deprived of fundamental rights, including access to reading and writing materials; have severe restrictions on their right to communicate with family and friends; and have reported challenges seeking medical care. Possibly in response to his hunger strike, the Chinese authorities allowed Xu to meet with his lawyer on 26 November 2024. It appears that Xu has since stopped his hunger strike.

    Human rights defenders in China continue to face intimidation, harassment, arbitrary detention, as well as torture and other ill-treatment for defending human rights and exercising their freedoms of expression and association. Such retaliation often also extends to their family members and colleagues.

    As in many cases of Chinese activists, friends and family of Xu and Ding have faced threats and harassment for speaking out. For years, Xu was not only prevented from seeing his family but lacked legal counsel of his choosing; three lawyers appointed by his family withdrew from representing Xu, reportedly due to threats and intimidation from Chinese authorities.

    Other human rights activists targeted in connection with the Xiamen gathering include:

    • Chang Weiping was sentenced to three and a half years in prison; he has served his sentence and was released in July 2024 but remains subject to a travel ban
    • Li Qiaochu received a sentence of three years and eight months; she has served her sentence and was released in August 2024 but remains subject to a travel ban plus two years of deprivation of political rights
    • Zhang Zhongshun was sentenced to four and a half years in prison in November 2024
    • Dai Zhenya and Li Yingjun were released on bail after spending time in RSDL, and they are also subject to a travel ban.

    Amnesty International considers a prisoner of conscience to be any person imprisoned solely because of their political, religious or other conscientiously held beliefs, their ethnic origin, sex, colour, language, national or social origin, socio-economic status, birth, sexual orientation, gender identity or expressionor other status, and who has not used violence or advocated violence or hatred in the circumstances leading to their detention.

    MIL OSI NGO

  • MIL-OSI NGOs: El Salvador: A thousand days into the state of emergency. “Security” at the expense of human rights.  

    Source: Amnesty International –

    Grave human rights violations under El Salvador’s state of emergency point to a systematic, widespread pattern of state abuse that has seen thousands of arbitrary detentions, the adoption of a policy of torture in detention centres and hundreds of deaths under state custody.

    Since the state of emergency first began on 27 March 2022, Amnesty International has kept track of events, deploying five missions to the country to document the patterns of grave human rights violations. After each trip, the organisation has testified to the gradually deteriorating circumstances of the victims and their families, throwing human rights in the country into ever deeper crisis. Allegations by human rights organisations, protests by victims, concerns expressed by regional bodies and appeals from the international community have all been met by the Salvadoran government with silence, indifference and a lack of transparency, further cementing a model of repression and impunity.

    Increased militarisation, above all in marginalised, impoverished communities, has brought back memories of past horrors, when the armed forces were used to repress the population. This approach, combined with efforts by state agents to stigmatise human rights organisations and the free press and to thwart their efforts, has fostered a climate of fear and intimidation that stifles civil society and spurs self-censorship.

    “What the government calls ‘peace’ is actually an illusion intended to hide a repressive system, a structure of control and oppression that abuses its power and disregards the rights of those who were already invisible—people living in poverty, under state stigma, and marginalization—all in the name of a supposed security defined in a very narrow way”, said Ana Piquer, Americas director at Amnesty International.

    What the government calls ‘peace’ is in fact a mirage that pretends to conceal a repressive system, a structure of control and oppression that abuses its power and disregards the rights of those who were already invisible—people living in poverty, under state stigma, and marginalization—all in the name of a supposed security defined in a very narrow way.

    Ana Piquer, Americas director at Amnesty International.

    MIL OSI NGO

  • MIL-OSI Video: Growing up near dangerous rail crossings

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

    Secretary Pete Buttigieg spoke with Jermaine Harris in Detroit last week and he shared his experience of growing up near dangerous rail crossings. Through our rail crossing elimination program in the Biden-Harris infrastructure package, we’re addressing some 400 locations across America.

    https://www.youtube.com/watch?v=Mfe1uikegqg

    MIL OSI Video

  • MIL-OSI Europe: Pension Fund Statistics 2023 – Occupational pension plans: positive net return, value fluctuation reserves below 2021 level

    Source: Switzerland – Department of Home Affairs

    In 2023, pension funds generated a positive net return on investments of CHF 54 billion, after a loss of CHF 105 billion in the previous year. The value fluctuation reserves increased to CHF 94 billion (CHF 65 billion in the previous year). However, this was still considerably less than the CHF 145 billion seen in 2021. This is according to the final results of the 2023 Pension Fund Statistics from the Federal Statistical Office (FSO).

    MIL OSI Europe News

  • MIL-OSI Europe: Nearly 91 000 protected monuments and 53 000 archaeological sites in Switzerland

    Source: Switzerland – Department of Home Affairs

    In 2022, there were close to 91 000 protected historic monuments in Switzerland, 21% more than in 2016. The number of archaeological sites rose by 27% to 53 000. The increase in these figures reflects pressure from construction and greater efforts to safeguard Switzerland’s built heritage, as well as changes in the inventory method. Overall, protected monuments account for 5% of Switzerland’s building stock and protected archaeological areas for 1.3% of the country’s territory. These are the figures from the Swiss Monument Statistics, published by the Federal Statistical Office (FSO) for the second time and now including data on financing.

    MIL OSI Europe News

  • MIL-OSI Russia: SUM – a platform for dialogue: the first Congress of the Student Council was held at the university

    Translation. Region: Russian Federation –

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

    From December 16 to 18, the 1st Congress of the Council of Student Universities and Scientific Organizations under the Ministry of Science and Higher Education of the Russian Federation was held within the walls of the State University of Management, where our university acted as the operator.

    The congress was held to build effective activities of the new Council. More than 100 representatives of universities from all over the country gathered to jointly develop an action plan for the next year.

    On the first day of the congress, the participants were greeted by the Deputy Head of the Ministry of Education and Science of the Russian Federation Olga Petrova and the Vice-Rector of the State University of Management Pavel Pavlovsky.

    As part of the project, activists and leaders of Russia developed a roadmap for the Council, exchanged experiences, improved their skills, listened to lectures and attended master classes.

    The participants were able to listen to a lecture on legislation in the field of youth policy and student self-government, discuss the possibilities of cooperation between the Council and the All-Russian public-state movement of children and youth “Movement of the First”, meet with a representative of the Administration of the President of the Russian Federation and the Presidium of the Council of Vice-Rectors for Youth Policy and Educational Activities under the Ministry of Education and Science of Russia at the site of the National Center “Russia” and discuss the possibilities of joint work.

    On the final day of the congress, the election of the Council’s leadership took place and a meeting was held with the leadership of the Ministry of Science and Higher Education of the Russian Federation and honorary guests.

    It should be noted that the Student Council is an advisory and consultative body that takes into account the opinions of representatives of universities and scientific organizations from all over the country. The Council was selected from September 20 to November 1 by representatives of the Ministry of Education and Science of Russia, the Russian Union of Youth, and the Student Coordination Council of the All-Russian Trade Union of Education from more than 700 competitive applications.

    Subscribe to the TG channel “Our GUU” Date of publication: 23.12.2024

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

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: Female director of chain education centre convicted of engaging in wrongly accepting payment

    Source: Hong Kong Government special administrative region

    Female director of chain education centre convicted of engaging in wrongly accepting payment
    Female director of chain education centre convicted of engaging in wrongly accepting payment
    ******************************************************************************************

         A female director of a chain education centre was sentenced to 240 hours of community service order today (December 23) at the Eastern Magistrates’ Courts for engaging in wrongly accepting payment when selling tutorial programmes, in contravention of the Trade Descriptions Ordinance (TDO). The female director was also ordered by the court to make a compensation of about $70,000 to the victims of the case.     Hong Kong Customs in July 2023 received numerous complaints alleging that a chain education centre suddenly announced business closures of five branches, failing to provide prepaid tutorial programmes purchased by and arrange refunds to customers.     After an investigation, Customs found that the some branches of the education centre were in arrears with rent and salaries. However, they still accepted payments for prepaid programmes even anticipating that they would be unable to continue operating.     Customs reminds traders to comply with the requirements of the TDO. Traders should not accept advance payments from consumers if they are uncertain whether the pertinent services can be delivered to consumers within a specific or reasonable time. Consumers are also reminded to procure services at reputable shops and think prudently before making decisions regarding consumption by prepayment. After purchasing services, consumers should keep the transaction receipts and related records, which can become basic information in case a complaint is lodged in the future.           Under the TDO, any trader commits an offence if at the time of acceptance of payment, the trader intends not to supply the product or there are no reasonable grounds for believing that the trader will be able to supply the product within a specified or reasonable period. The maximum penalty upon conviction is a fine of $500,000 and imprisonment for five years.     Members of the public may report any suspected violations of the TDO to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

     
    Ends/Monday, December 23, 2024Issued at HKT 15:27

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Muse Fest HK 2024 concludes attracting more than 630,000 participants (with photos)

    Source: Hong Kong Government special administrative region

    Muse Fest HK 2024 concludes attracting more than 630,000 participants (with photos)
    Muse Fest HK 2024 concludes attracting more than 630,000 participants (with photos)
    ***********************************************************************************

         Muse Fest HK 2024, launched by the Leisure and Cultural Services Department (LCSD) in November, has successfully concluded, attracting more than 630,000 people to participate in more than 70 delightful programmes organised by the LCSD museums and art spaces, representing a 20 per cent increase in participants as compared to last year. This year marked the 10th edition of Muse Fest under the same theme “Hong Kong H.A.S. (History. Art. Science.) Museums”, introducing Hong Kong’s rich and distinctive cultural heritage and artistic diversity. Notably, the two-day inaugural event of Muse Fest 2024, Fun@Museum Carnival, received an overwhelming response, having attracted the participation of more than 25,000 members of the public and tourists, which was three times the number compared to last year.      The Fun@Museum Carnival, focusing on Chinese culture, was a collaborative curation by the LCSD cultural sections, which featured a total of 24 diverse performances and interactive workshops on the development and inheritance of Chinese culture and history at the Hong Kong Cultural Centre Piazza, Hong Kong Museum of Art, Hong Kong Space Museum (HKSpM) and Salisbury Garden in Tsim Sha Tsui on November 2 and 3. Highlights included performances of Intangible Cultural Heritage (ICH) items such as the lion dance, fire dragon dance and puppetry. Apart from taking photos, visitors could try to dance the lion and unicorn, and join workshops to make flower buttons, lion head crafts and postcards. The Waxing in Conservation booth of the LCSD Conservation Office invited visitors to experience using wax materials to protect various types of artifacts and make magnets as souvenirs. The Gear Up – Nano World Outreach Programme booth presented by the Science Promotion Unit of the Hong Kong Science Museum, the Library-on-Wheels outreach truck and the Cosmic Voyage Treasure Hunt Activity organised by the HKSpM also attracted families to share the fun.      The November weekends saw fun days at various museums, including the Sheung Yiu Folk Museum, the Hong Kong Railway Museum, the Fireboat Alexander Grantham Exhibition Gallery, the Hong Kong Museum of the War of Resistance and Coastal Defence, the Hong Kong Heritage Museum, the ICH Centre at the Sam Tung Uk Museum as well as the Oil Street Art Space (Oi!). The Flagstaff House Museum of Tea Ware, in celebration of its 40th anniversary, held special events on two evenings, staging an outdoor immersive light show “Gentle Smoke of Tea” on the museum’s façade, and a concert, interactive display and exhibitions in the museum. Furthermore, the exclusive events, Meet the Curator – Hong Kong Museum of the War of Resistance and Coastal Defence and The Fireboat Then and Now Guided Tour – A Fireman Leads the Way, organised for LCSD Museum Pass holders were well received.??????     In addition, 12 Guangdong and Macao museums from the Guangdong-Hong Kong-Macao Greater Bay Area Museum Alliance also joined this year’s Muse Fest. Specifically, the Shenzhen Museum introduced the Shenzhen Branch of Hong Kong Museum Festival 2024 – The Beauty of Ingenuity series of research activities, which received an enthusiastic response. Programmes such as wood carving and gilding, a woodworking activity with mortise and tenon joinery, seal engraving, printmaking and a drama education class were highly popular. The relevant online social media platforms received a total of over 75,000 hits. The events were widely covered by the media in the Mainland.      To extend the museum experience journey and deepen the public’s knowledge of the history of museums, art, culture, science and films, Muse Fest’s Selected Museum Publications and Souvenirs Mega Sale will continue until March 31, 2025, offering discounts of up to 50 per cent for selected museum publications and souvenirs. Members of the public are welcome to visit the LCSD museums to make their purchases.

     
    Ends/Monday, December 23, 2024Issued at HKT 15:30

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI China: Experts analyze China’s economic development potential

    Source: China State Council Information Office

    Attendees take part in the Caijing Annual Dialogue 2024 in Beijing, Dec. 20, 2024. [Photo by Yang Chuanli/China.org.cn]

    The Caijing Annual Dialogue 2024, organized by Caijing Magazine, was held in Beijing on Dec. 20. Themed “The Power of Navigating Changes,” the event focused on topics such as expanding domestic demand and boosting China’s capital markets. 

    In the current international context, the Russia-Ukraine conflict remains unresolved, and geopolitical tensions in the Middle East continue to escalate. Notably, the re-election of Donald Trump has introduced new uncertainties to the global political and economic landscape, as well as to China-U.S. relations.

    Numerous experts gathered at the dialogue to analyze the opportunities present in the current economic climate. 

    Yao Jingyuan, a researcher at the Counsellors’ Office of the State Council, emphasized the critical importance of expanding domestic demand and leveraging China’s vast domestic market for economic development. He elaborated, “China possesses the world’s largest domestic demand market, which lays a solid foundation for sustained economic growth and strong support in addressing external challenges.”

    Zhang Bin, deputy director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, highlighted the importance of comprehensively expanding domestic demand. He noted the enormous potential for investments aimed at improving people’s livelihoods and enhancing their quality of life.

    The current overcapacity in manufacturing reflects a need for quality improvement rather than just surplus quantity, Zhang said, and therefore public investment should be focused more toward public service projects. For instance, there are substantial gaps in infrastructure related to culture, entertainment, health care services and sports facilities, which are critical to people’s quality of life, he said. Meanwhile, although the financial sector holds a significant share of GDP, it still falls short in supporting small- and medium-sized enterprises and high-risk services, which are areas that require improvements in service supply.

    Professor Li Daokui, dean of the Academic Center for Chinese Economic Practice and Thinking at Tsinghua University, made an optimistic forecast of an “economic temperature rise” for China’s economy in 2025. He pointed out three main aspects where China’s economy holds immense potential. First, the country’s demographic advantage brings enormous market potential. Second, the national savings rate at 40% is among the highest globally, providing a stable source of funding for the investments needed for economic growth, making it one of the key drivers of sustained economic development. Third, the research and development capabilities in applied research are robust. 

    Although some countries have advantages in original achievements, Li explained that China, with its substantial number of engineering and technical graduates — 4.4 million annually, more than the total of similar talent in other countries — demonstrates strong competitiveness in the application and transformation of technological innovations, driving high-quality economic development.

    Li also emphasized that China’s economic policy will clearly focus on restoring growth rates and initiating a new growth cycle in 2025. He said, “We scholars should take on the responsibility to collaboratively strive in 2025 to promote stronger, faster and more effective policy adjustments, enabling the economic climate to swiftly shift from cold to warm, with expectations for continuous economic growth in 2026 and 2027.”

    MIL OSI China News

  • MIL-OSI China: Announcement on Open Market Operations No.254 [2024]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.254 [2024]

    (Open Market Operations Office, December 23, 2024)

    In order to keep liquidity adequate at a reasonable level in the banking system, the People’s Bank of China conducted reverse repo operations in the amount of RMB109.6 billion through quantity bidding at a fixed interest rate on December 23, 2024.

    Details of the Reverse Repo Operations

    Maturity

    Volume

    Rate

    7 days

    RMB109.6 billion

    1.50%

    Date of last update Nov. 29 2018

    2024年12月23日

    MIL OSI China News

  • MIL-OSI China: China provides emergency assistance to quake-hit Vanuatu

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

    BEIJING, Dec. 23 — The Chinese government has provided 1 million U.S. dollars in emergency assistance to the quake-hit Vanuatu to support the country’s response to the disaster and reconstruction efforts, said Li Ming, spokesperson for the China International Development Cooperation Agency on Monday.

    At the request of Vanuatu, the Chinese side has coordinated experts from Chinese enterprises based in the country to conduct a preliminary disaster assessment, and the Chinese medical team in Vanuatu has actively participated in the treatment, rescue and operation of injured individuals, said Li.

    The Red Cross Society of China has also provided 100,000 U.S. dollars in emergency cash assistance to Vanuatu, Li added.

    The spokesperson said that China is willing to continue to provide follow-up assistance according to the needs of Vanuatu and help the country overcome difficulties and rebuild homes as soon as possible.

    MIL OSI China News

  • MIL-OSI China: China sees remarkable progress in keeping intangible cultural heritage alive

    Source: China State Council Information Office 3

    China held a national meeting on Monday on intangible cultural heritage (ICH) preservation. At the meeting, individuals and groups were honored for their outstanding work in this regard.

    Among them was Yang Changqin, a craftswoman and representative inheritor of Chishui bamboo weaving craftwork, a provincial-level ICH in southwest China’s Guizhou Province.

    The craftwork features around 20 procedures, including stripping, dyeing, weaving and using bamboo threads to form pictures of various designs or making them into items such as bags or parts of cups and vases.

    “Bamboo weaving is my lifelong passion, and I hope it can be continuously passed on for generations to come,” Yang said.

    Yang is among the over 90,000 ICH representative inheritors of different levels in China who are working to keep the country’s intangible cultural treasures alive.

    This year marks the 20th anniversary of China joining UNESCO’s Convention for the Safeguarding of Intangible Cultural Heritage. Over the past two decades, China has made remarkable achievements in preserving and promoting the development of ICH.

    The country in 2011 enacted a law on ICH, and provincial-level regions nationwide have also issued their local regulations on ICH protection.

    To date, China has over 100,000 ICH items of various levels, including 1,557 featured on the national list. A total of 3,056 people are recognized as national-level ICH inheritors.

    Chinese central authorities have also conducted training programs for the inheritors, providing relevant training for over 40,000 people over the past 10 years.

    Earlier this month, UNESCO inscribed the Spring Festival, the social practices of the Chinese people in celebration of the traditional new year, on the Representative List of the Intangible Cultural Heritage of Humanity, bringing the number of intangible cultural heritage items in China on the UNESCO list to 44, the most of its kind worldwide.

    MIL OSI China News

  • MIL-OSI: Share buyback programme – week 51

    Source: GlobeNewswire (MIL-OSI)

    Nasdaq Copenhagen
    Euronext Dublin
    London Stock Exchange
    Danish Financial Supervisory Authority
    Other stakeholders

    Date        23 December 2024

    Share buyback programme – week 51

    The share buyback programme runs in the period 1 February 2024 up to and including 27 January 2025, see company announcement of 31 January 2024. Part I of the programme, for DKK 750 million, was completed on 27 June 2024, see company announcement of 28 June 2024. Part II of the programme, for DKK 775 million and a maximum of 1,550,000 shares, is for execution in the period 28 June 2024 – 27 January 2025.

    The programme is implemented in compliance with EU Commission Regulation No. 596/2014 of 16 April 2014 and EU Commission Delegated Regulation No. 2016/1052 of 8 March 2016, which together constitute the “Safe Harbour” rules.

    The following transactions have been made under the programme:

    Date Number of shares Average purchase price (DKK) Total purchased under the pro-gramme (DKK)
    Total in accordance with the last announcement 573,007 1,122.28 643,076,680
    16 December 2024 4,200 1,208.68 5,076,456
    17 December 2024 4,500 1,192.31 5,365,395
    18 December 2024 4,300 1,200.68 5,162,924
    19 December 2024 4,400 1,195.35 5,259,540
    20 December 2024 4,400 1,173.67 5,164,148
    Total under the share buyback programme, part II 594,807 1,124.91 669,105,143
           
    Bought back under share buyback programme part I executed in the period 1 February 2024 – 27 June 2024 631,900 1,186.82 749,953,400
    Total bought back 1,226,707 1,156.80 1,419,058,543

    With the transactions stated above, Ringkjøbing Landbobank now owns the following numbers of own shares, excluding the bank’s trading portfolio and investments made on behalf of customers:

    • 1,226,707 shares under the above share buyback programme corresponding to 4.6 % of the bank’s share capital.

    In accordance with the above regulation etc., the transactions related to the share buyback programme on the stated reporting days are attached to this corporate announcement in detailed form.

    Yours sincerely

    Ringkjøbing Landbobank

    John Fisker
    CEO

    Detailed summary of the transactions on the above reporting days

    Volume Price Venue Time CET
    8 1210 XCSE 20241216 9:00:04.492000
    26 1210 XCSE 20241216 9:01:00.003000
    17 1211 XCSE 20241216 9:07:22.815000
    28 1219 XCSE 20241216 9:08:18.141000
    66 1217 XCSE 20241216 9:08:24.931000
    9 1216 XCSE 20241216 9:10:04.706000
    9 1216 XCSE 20241216 9:10:04.706000
    9 1214 XCSE 20241216 9:11:19.676000
    17 1213 XCSE 20241216 9:16:12.253000
    17 1213 XCSE 20241216 9:16:12.256000
    25 1212 XCSE 20241216 9:24:12.829000
    8 1212 XCSE 20241216 9:24:12.829000
    8 1212 XCSE 20241216 9:24:12.829000
    35 1211 XCSE 20241216 9:24:13.537000
    16 1213 XCSE 20241216 9:32:18.058000
    20 1213 XCSE 20241216 9:34:23.575000
    24 1213 XCSE 20241216 9:34:23.575000
    7 1213 XCSE 20241216 9:34:23.575000
    25 1209 XCSE 20241216 9:39:00.614000
    9 1209 XCSE 20241216 9:39:00.614000
    8 1209 XCSE 20241216 9:39:00.614000
    17 1207 XCSE 20241216 9:40:34.414000
    34 1203 XCSE 20241216 9:50:32.607000
    8 1203 XCSE 20241216 9:50:32.607000
    8 1203 XCSE 20241216 9:50:32.607000
    8 1203 XCSE 20241216 9:50:32.607000
    58 1205 XCSE 20241216 9:55:04.281000
    34 1203 XCSE 20241216 9:58:20.588000
    43 1206 XCSE 20241216 10:06:22.334000
    34 1205 XCSE 20241216 10:16:50.899000
    1 1210 XCSE 20241216 10:29:52.978000
    1 1210 XCSE 20241216 10:29:52.978000
    1 1210 XCSE 20241216 10:29:52.978000
    7 1210 XCSE 20241216 10:29:52.996000
    44 1211 XCSE 20241216 10:31:52.334000
    42 1209 XCSE 20241216 10:32:41.078000
    41 1210 XCSE 20241216 10:35:22.186000
    23 1210 XCSE 20241216 10:40:01.410000
    18 1210 XCSE 20241216 10:40:01.410000
    42 1210 XCSE 20241216 10:40:01.440000
    25 1209 XCSE 20241216 10:47:34.980000
    8 1209 XCSE 20241216 10:47:34.980000
    27 1209 XCSE 20241216 10:47:34.982000
    25 1208 XCSE 20241216 10:54:46.104000
    8 1208 XCSE 20241216 10:54:46.104000
    8 1208 XCSE 20241216 10:54:46.104000
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    25 1209 XCSE 20241216 11:02:28.791000
    26 1209 XCSE 20241216 11:02:28.795000
    27 1207 XCSE 20241216 11:03:24.278000
    17 1207 XCSE 20241216 11:13:09.174000
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    18 1205 XCSE 20241216 11:23:02.980000
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    4 1207 XCSE 20241216 11:38:18.250000
    23 1207 XCSE 20241216 11:38:18.250000
    25 1206 XCSE 20241216 11:38:18.267000
    42 1206 XCSE 20241216 11:49:40.201000
    6 1207 XCSE 20241216 11:57:54.284000
    3 1207 XCSE 20241216 11:57:54.284000
    9 1207 XCSE 20241216 11:59:47.284000
    6 1207 XCSE 20241216 12:00:28.284000
    3 1207 XCSE 20241216 12:00:28.284000
    7 1207 XCSE 20241216 12:01:32.284000
    2 1207 XCSE 20241216 12:01:32.284000
    1 1207 XCSE 20241216 12:05:11.288000
    3 1207 XCSE 20241216 12:05:11.288000
    1 1207 XCSE 20241216 12:05:11.288000
    13 1207 XCSE 20241216 12:05:11.288000
    1 1207 XCSE 20241216 12:05:11.288000
    25 1206 XCSE 20241216 12:05:11.403000
    17 1206 XCSE 20241216 12:05:56.137000
    17 1206 XCSE 20241216 12:06:42.925000
    18 1206 XCSE 20241216 12:12:38.881000
    18 1206 XCSE 20241216 12:12:39.011000
    1 1205 XCSE 20241216 12:17:14.902000
    8 1205 XCSE 20241216 12:17:14.902000
    8 1205 XCSE 20241216 12:17:14.902000
    18 1205 XCSE 20241216 12:17:33.981000
    3 1206 XCSE 20241216 12:29:30.284000
    6 1206 XCSE 20241216 12:29:30.284000
    20 1206 XCSE 20241216 12:29:41.176000
    13 1206 XCSE 20241216 12:29:41.176000
    11 1206 XCSE 20241216 12:29:41.176000
    1 1206 XCSE 20241216 12:50:01.612000
    1 1207 XCSE 20241216 12:50:27.285000
    8 1207 XCSE 20241216 12:50:27.285000
    8 1207 XCSE 20241216 12:50:27.285000
    4 1207 XCSE 20241216 12:50:27.285000
    14 1207 XCSE 20241216 12:50:27.285000
    5 1207 XCSE 20241216 12:50:27.285000
    20 1207 XCSE 20241216 12:50:27.285000
    6 1207 XCSE 20241216 12:51:16.502000
    3 1207 XCSE 20241216 12:51:16.502000
    20 1207 XCSE 20241216 12:51:33.285000
    14 1207 XCSE 20241216 12:51:33.285000
    33 1206 XCSE 20241216 12:53:45.717000
    9 1206 XCSE 20241216 12:58:04.946000
    33 1206 XCSE 20241216 12:58:04.946000
    44 1206 XCSE 20241216 12:58:04.954000
    7 1205 XCSE 20241216 12:58:04.968000
    29 1205 XCSE 20241216 12:58:04.972000
    7 1205 XCSE 20241216 12:58:04.972000
    17 1205 XCSE 20241216 12:58:06.584000
    18 1204 XCSE 20241216 13:00:21.367000
    9 1204 XCSE 20241216 13:00:21.367000
    17 1203 XCSE 20241216 13:06:42.197000
    3 1202 XCSE 20241216 13:20:28.625000
    81 1206 XCSE 20241216 13:41:10.180000
    60 1205 XCSE 20241216 13:42:36.198000
    6 1205 XCSE 20241216 13:42:36.198000
    49 1205 XCSE 20241216 13:42:36.216000
    33 1204 XCSE 20241216 13:47:29.083000
    41 1204 XCSE 20241216 13:51:25.095000
    23 1204 XCSE 20241216 13:52:22.473000
    35 1203 XCSE 20241216 13:54:01.329000
    3 1203 XCSE 20241216 13:54:01.329000
    9 1203 XCSE 20241216 13:57:57.960000
    8 1203 XCSE 20241216 13:57:57.960000
    44 1205 XCSE 20241216 14:09:48.632000
    33 1209 XCSE 20241216 14:20:10.319000
    34 1208 XCSE 20241216 14:20:10.419000
    58 1208 XCSE 20241216 14:28:45.194000
    29 1208 XCSE 20241216 14:28:45.202000
    20 1208 XCSE 20241216 14:28:45.203000
    41 1207 XCSE 20241216 14:28:48.781000
    73 1206 XCSE 20241216 14:36:55.407000
    8 1206 XCSE 20241216 14:36:55.407000
    35 1206 XCSE 20241216 14:49:31.719000
    26 1206 XCSE 20241216 14:49:45.234000
    27 1206 XCSE 20241216 14:49:45.234000
    25 1206 XCSE 20241216 14:55:05.325000
    49 1207 XCSE 20241216 15:00:00.873000
    34 1208 XCSE 20241216 15:08:44.891000
    44 1208 XCSE 20241216 15:12:12.252000
    27 1208 XCSE 20241216 15:12:12.267000
    6 1208 XCSE 20241216 15:12:12.267000
    20 1209 XCSE 20241216 15:21:15.426000
    20 1209 XCSE 20241216 15:21:15.426000
    9 1209 XCSE 20241216 15:21:15.426000
    53 1209 XCSE 20241216 15:22:10.777000
    50 1210 XCSE 20241216 15:29:46.287000
    25 1209 XCSE 20241216 15:30:49.468000
    8 1209 XCSE 20241216 15:30:49.468000
    9 1209 XCSE 20241216 15:30:49.468000
    8 1209 XCSE 20241216 15:30:49.468000
    8 1209 XCSE 20241216 15:30:49.468000
    51 1208 XCSE 20241216 15:33:07.780000
    2 1208 XCSE 20241216 15:34:19.903000
    59 1208 XCSE 20241216 15:34:19.903000
    35 1207 XCSE 20241216 15:36:28.906000
    7 1210 XCSE 20241216 15:47:59.957000
    2 1210 XCSE 20241216 15:47:59.957000
    20 1209 XCSE 20241216 15:49:32.865000
    37 1209 XCSE 20241216 15:49:32.865000
    2 1209 XCSE 20241216 15:49:39.940000
    20 1209 XCSE 20241216 15:51:15.385000
    22 1209 XCSE 20241216 15:51:15.385000
    11 1209 XCSE 20241216 15:51:15.385000
    17 1208 XCSE 20241216 15:56:38.835000
    8 1208 XCSE 20241216 15:56:38.835000
    3 1208 XCSE 20241216 15:56:38.835000
    4 1210 XCSE 20241216 16:03:27.017000
    17 1210 XCSE 20241216 16:03:38.379000
    9 1211 XCSE 20241216 16:05:44.949000
    40 1211 XCSE 20241216 16:05:44.949000
    7 1211 XCSE 20241216 16:05:44.968000
    61 1210 XCSE 20241216 16:06:42.802000
    10 1210 XCSE 20241216 16:06:52.284000
    9 1210 XCSE 20241216 16:06:59.975000
    88 1210 XCSE 20241216 16:11:07.126000
    10 1210 XCSE 20241216 16:11:22.284000
    4 1210 XCSE 20241216 16:11:27.420000
    5 1210 XCSE 20241216 16:11:27.420000
    39 1211 XCSE 20241216 16:21:20.044000
    5 1211 XCSE 20241216 16:21:20.044000
    60 1211 XCSE 20241216 16:21:20.044000
    126 1211 XCSE 20241216 16:27:23.100000
    14 1212 XCSE 20241216 16:29:01.422000
    110 1212 XCSE 20241216 16:34:29.559000
    8 1212 XCSE 20241216 16:34:29.580000
    26 1212 XCSE 20241216 16:34:29.580000
    8 1212 XCSE 20241216 16:34:29.595000
    7 1213 XCSE 20241216 16:34:48.168000
    9 1213 XCSE 20241216 16:34:48.182000
    4 1213 XCSE 20241216 16:39:16.229000
    26 1214 XCSE 20241216 16:39:58.172000
    112 1214 XCSE 20241216 16:41:09.173000
    49 1216 XCSE 20241216 16:41:35.801000
    8 1216 XCSE 20241216 16:41:35.801000
    3 1216 XCSE 20241216 16:41:35.801000
    4 1216 XCSE 20241216 16:41:35.802000
    24 1216 XCSE 20241216 16:41:35.802000
    9 1216 XCSE 20241216 16:41:47.284000
    9 1215 XCSE 20241216 16:41:56.306000
    44 1215 XCSE 20241216 16:44:38.240287
    8 1205 XCSE 20241217 9:09:21.338000
    4 1205 XCSE 20241217 9:09:21.338000
    4 1205 XCSE 20241217 9:09:21.338000
    8 1205 XCSE 20241217 9:09:21.338000
    8 1205 XCSE 20241217 9:09:21.338000
    32 1206 XCSE 20241217 9:09:21.339000
    19 1206 XCSE 20241217 9:09:21.348000
    6 1206 XCSE 20241217 9:10:00.010000
    24 1206 XCSE 20241217 9:17:42.385000
    30 1206 XCSE 20241217 9:17:42.385000
    34 1207 XCSE 20241217 9:19:43.836000
    9 1207 XCSE 20241217 9:22:59.078000
    27 1205 XCSE 20241217 9:23:45.584000
    8 1205 XCSE 20241217 9:23:45.584000
    7 1205 XCSE 20241217 9:32:51.963000
    18 1205 XCSE 20241217 9:32:51.964000
    16 1203 XCSE 20241217 9:32:52.463000
    10 1203 XCSE 20241217 9:32:54.685000
    9 1204 XCSE 20241217 9:37:48.287000
    6 1204 XCSE 20241217 9:37:48.287000
    7 1204 XCSE 20241217 9:38:31.375000
    2 1204 XCSE 20241217 9:38:31.375000
    8 1204 XCSE 20241217 9:39:29.051000
    13 1204 XCSE 20241217 9:40:29.092000
    8 1204 XCSE 20241217 9:41:19.081000
    1 1204 XCSE 20241217 9:41:19.081000
    1 1204 XCSE 20241217 9:56:11.903000
    8 1204 XCSE 20241217 9:56:11.921000
    50 1203 XCSE 20241217 9:57:44.102000
    6 1204 XCSE 20241217 10:02:23.319000
    11 1204 XCSE 20241217 10:02:23.319000
    7 1204 XCSE 20241217 10:02:23.336000
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    8 1204 XCSE 20241217 10:02:23.411000
    9 1204 XCSE 20241217 10:02:23.838000
    2 1204 XCSE 20241217 10:03:01.110000
    7 1204 XCSE 20241217 10:03:02.885000
    25 1203 XCSE 20241217 10:03:14.706000
    10 1204 XCSE 20241217 10:04:27.731000
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    2 1204 XCSE 20241217 10:06:11.080000
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    18 1203 XCSE 20241217 10:06:58.916000
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    17 1203 XCSE 20241217 10:17:57.101000
    8 1203 XCSE 20241217 10:17:57.101000
    12 1204 XCSE 20241217 10:17:58.852000
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    9 1204 XCSE 20241217 10:18:47.079000
    17 1203 XCSE 20241217 10:21:34.575000
    7 1204 XCSE 20241217 10:25:00.408000
    8 1204 XCSE 20241217 10:25:00.408000
    3 1204 XCSE 20241217 10:25:00.408000
    6 1204 XCSE 20241217 10:26:18.078000
    1 1204 XCSE 20241217 10:26:18.078000
    2 1204 XCSE 20241217 10:26:18.078000
    9 1204 XCSE 20241217 10:27:50.078000
    17 1202 XCSE 20241217 10:28:55.239000
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    25 1201 XCSE 20241217 10:29:39.727000
    13 1201 XCSE 20241217 10:29:43.126000
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    2 1201 XCSE 20241217 10:32:16.187000
    24 1201 XCSE 20241217 10:32:54.362000
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    40 1201 XCSE 20241217 10:47:24.078000
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    8 1195 XCSE 20241217 12:13:42.731000
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    8 1193 XCSE 20241217 12:16:46.883000
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    7 1195 XCSE 20241217 13:29:19.633000
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    25 1193 XCSE 20241217 13:36:39.677000
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    30 1192 XCSE 20241217 14:01:59.135000
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    44 1187 XCSE 20241217 14:12:12.578000
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    25 1187 XCSE 20241217 14:13:06.920855
    200 1187 XCSE 20241217 14:14:22.560796
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    34 1189 XCSE 20241217 15:03:13.321000
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    71 1184 XCSE 20241217 16:35:08.429000
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    39 1197 XCSE 20241218 10:58:39.351000
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    33 1199 XCSE 20241218 11:13:52.354000
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    27 1199 XCSE 20241218 11:29:47.478000
    30 1199 XCSE 20241218 11:29:47.478000
    16 1198 XCSE 20241218 11:29:47.492000
    35 1198 XCSE 20241218 11:29:47.492000
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    31 1203 XCSE 20241218 12:10:13.230000
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    58 1203 XCSE 20241218 12:19:48.964000
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    33 1202 XCSE 20241218 13:20:28.929000
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    51 1205 XCSE 20241218 13:34:16.483000
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    73 1205 XCSE 20241218 13:42:39.430000
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    57 1205 XCSE 20241218 15:33:32.388000
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    34 1207 XCSE 20241218 16:27:46.894000
    40 1207 XCSE 20241218 16:30:27.189878
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    84 1207 XCSE 20241218 16:30:27.189912
    25 1206 XCSE 20241219 9:02:18.708000
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    8 1206 XCSE 20241219 9:15:37.923000
    27 1206 XCSE 20241219 9:18:55.269000
    1 1208 XCSE 20241219 9:26:03.817000
    33 1208 XCSE 20241219 9:26:03.817000
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    Attachment

    The MIL Network

  • MIL-OSI: Sydbank share buyback programme: transactions in week 51

    Source: GlobeNewswire (MIL-OSI)

    Company Announcement No 61/2024

    Peberlyk 4
    6200 Aabenraa
    Denmark

    Tel +45 74 37 37 37
    Fax +45 74 37 35 36

    Sydbank A/S
    CVR No DK 12626509, Aabenraa
    sydbank.dk

    23 December 2024  

    Dear Sirs

    Sydbank share buyback programme: transactions in week 51
    On 28 February 2024 Sydbank announced a share buyback programme of DKK 1,200m. The share buyback programme commenced on 4 March 2024 and will be completed by 31 January 2025.

    The purpose of the share buyback programme is to reduce the share capital of Sydbank and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.

    The following transactions have been made under the share buyback programme:

      Number of shares VWAP Gross value (DKK)
    Accumulated, most recent
    announcement

    3,069,000

     

    1,081,994,110.00

    16 December 2024
    17 December 2024
    18 December 2024
    19 December 2024
    20 December 2024
    12,000
    12,000
    12,000
    23,000
    20,000
    380.49
    376.68
    382.44
    359.94
    355.94
    4,565,880.00
    4,520,160.00
    4,589,280.00
    8,278,620.00
    7,118,800.00
    Total over week 51 79,000   29,072,740.00
    Total accumulated during the
    share buyback programme

    3,148,000

     

    1,111,066,850.00

    All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S.

    Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation, is available in the attachment.

    Following the above transactions, Sydbank holds a total of 3,148,283 own shares, equal to 5.76% of the Bank’s share capital.

    Yours sincerely
            
    Mark Luscombe        Jørn Adam Møller
    CEO        Deputy Group Chief Executive

    Attachment

    The MIL Network

  • MIL-OSI Economics: ADB, Vastu Housing Finance to Enhance Access to Affordable and Sustainable Housing in India

    Source: Asia Development Bank

    NEW DELHI, INDIA (23 December 2024) – The Asian Development Bank (ADB) and Vastu Housing Finance Corporation Limited (Vastu) have entered into a senior secured loan agreement of up to $70 million to enhance access to affordable and sustainable housing loans in India’s underserved states. This financing will be utilized to provide loans to economically weaker sections and low-income groups, with an emphasis on female borrowers. At least 15% of the funds will be allocated to first-time borrowers.

    “ADB aims to address the critical housing shortage in India while promoting environmentally friendly housing that enhances climate resilience for homeowners by focusing on lower-income households and sustainable housing,” said PSOD Director General Suzanne Gaboury. “This partnership with Vastu illustrates ADB’s commitment to supporting financial inclusion and sustainable development in India, in alignment with the country’s national financial inclusion strategy.”

    According to the Reserve Bank of India, shortfalls of 45 million houses for economically weaker communities and 50 million for low-income groups account for 95% of India’s overall housing deficit. These groups often struggle to access credit due to high mortgage costs and limited credit history. This highlights the necessity for affordable housing finance companies that provide loans to new borrowers and self-employed individuals in rural and semi-urban areas.

    Sandeep Menon, Founder, MD & CEO, Vastu, said, “Vastu is poised to expand our reach and deepen our impact in extending affordable housing finance to the credit-underserved segments, with a focus on women borrowers. We are glad to partner with ADB to further this vision. Together, we aim to bridge the credit gap for India’s emerging middle-class and lower-income households.”

    Vastu is a technology-driven affordable housing finance company that focuses on self-employed customers in growing peri-urban and rural cities and towns. With a strong presence in semi-urban and rural areas, Vastu offers affordable housing loans and loans against property, emphasizing sustainability and financial inclusion.

    ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 69 members—49 from the region. 

    MIL OSI Economics

  • MIL-OSI United Kingdom: expert reaction to study on association between drinking coffee or tea and head and neck cancer

    Source: United Kingdom – Executive Government & Departments

    A study published in Wiley Cancer looks at the link between drinking coffee or tea and risk of head and neck cancer.

    Dr Ben O’Leary, Clinician Scientist at The Institute of Cancer Research, London, and Deputy Director of The International Centre for Recurrent Head & Neck Cancer at The Royal Marsden Hospital, said:

    “Studies like this look at very large groups of people to see if there are differences between people who developed a particular type of cancer and people who didn’t.

    “They can be useful to explore ideas about personal characteristics or lifestyle choices that might be related to cancer, but it is very difficult and usually impossible to fully disentangle why you see the associations that you do.

    “As the investigators highlight, more work would be needed to achieve a more detailed understanding. This would be needed before any advice or recommendations could be made.”

     

    Prof Tom Sanders, Professor emeritus of Nutrition and Dietetics, King’s College London (KCL), said:

    “This review reports the association between coffee (ordinary and decaffeinated) and tea drinking with risk of head and neck cancers. The overall conclusion is that the consumption of these beverages is associated with a slightly lower risk of cancer at these sites.

    “An important limitation is that this review is based on observational studies and not randomized controlled trials. So we cannot say from this study that drinking these beverages will lower risk of these cancers. In observational studies, it is very difficult to totally eliminate confounding effects, for example, of tobacco and alcohol from the statistical analyses. Consequently, people who drink a lot of coffee and tea may be more likely to avoid other harmful behaviours such as drinking alcohol and using tobacco and so may be at a lower risk of these cancers for other reasons.

    “In conclusion, the findings may be reassuring for coffee and ordinary tea drinkers because some previous studies have suggested that drinking certain hot beverages, particularly the South American herbal tea maté, is associated with a slightly increased risk of oral and throat cancer.”

    Coffee and tea consumption and the risk of head and neck cancer: An updated pooled analysis in the International Head and Neck Cancer Epidemiology Consortium’ by Timothy Nguyen et al. was published in Wiley Cancer at 08:01 UK time on Monday 23 December 2024.

    DOI: 10.1002/cncr.35620

    Declared interests

    Dr Ben O’Leary: previous or current funding from MRC/Wellcome/NIHR/CRUK, is on the editorial board for Clinical Oncology, and is an examiner for the Royal College of Radiologists.

    Prof Tom Sanders: “Member of the Science Committee British Nutrition Foundation.  Honorary Nutritional Director HEART UK.

    Before my retirement from King’s College London in 2014, I acted as a consultant to many companies and organisations involved in the manufacture of what are now designated ultraprocessed foods.

    I used to be a consultant to the Breakfast Cereals Advisory Board of the Food and Drink Federation.

    I used to be a consultant for aspartame more than a decade ago.

    When I was doing research at King’ College London, the following applied: Tom does not hold any grants or have any consultancies with companies involved in the production or marketing of sugar-sweetened drinks.  In reference to previous funding to Tom’s institution: £4.5 million was donated to King’s College London by Tate & Lyle in 2006; this funding finished in 2011. This money was given to the College and was in recognition of the discovery of the artificial sweetener sucralose by Prof Hough at the Queen Elizabeth College (QEC), which merged with King’s College London. The Tate & Lyle grant paid for the Clinical Research Centre at St Thomas’ that is run by the Guy’s & St Thomas’ Trust, it was not used to fund research on sugar. Tate & Lyle sold their sugar interests to American Sugar so the brand Tate & Lyle still exists but it is no longer linked to the company Tate & Lyle PLC, which gave the money to King’s College London in 2006.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Adopted brothers make festive donation to city children

    Source: City of Wolverhampton

    The boys, aged 8 and 5, who are both adopted via Adoption@Heart, the adoption agency for the Black Country, came up with the idea after hearing about how many children would normally go without presents over the festive period.

    The children said: “We are lucky as we have so many toys, and we want to make other children smile too, especially at Christmas.”

    The boy’s mother said: “We believe every child deserves joy and love, no matter their circumstances. These toys are donated to bring smiles to the faces of less fortunate children, spreading hope and kindness to those who need it most.”

    The family, who also donated to the children of Wolverhampton last year, were once again touched by the generosity of their boys and got in touch with their social worker at Adoption@Heart to see how they could coordinate the donation. On speaking to their friends about the children’s offer, 3 other families also decided to get involved, providing sacksful of presents for children across Wolverhampton.

    The boys’ mother said: “As adoptive parents, we feel incredibly blessed to share smiles and joy with our sons every day. Each year, alongside other school parents, we honour the memory of our sons’ dear friend who passed away in 2021 by giving back in this meaningful way.

    “Equally, we all wanted to install these values with our boys. To be grateful for what they have, to be charitable, to look after those more in need and to share.”

    The gifts have been donated to Graiseley Family Hub for distribution to children in need in Wolverhampton this Christmas. The Hub provides support and activities for families with children 0 to 18 years, including support such as parenting, housing, benefits, training and employment.

    Councillor Jacqui Coogan, the City of Wolverhampton Council’s Cabinet Member for Children, Young People and Education, said: “I am touched by this simple act of kindness which will make all the difference to our children in need, not just because of the gifts themselves, but because of the selfless nature of the young people and families who are donating gifts.

    “I would like to take this opportunity to send them a heartfelt thank you from all at our Family Hubs.”

    The family decided to start their adoption journey 10 years ago after being unable to have children.

    The boy’s mother said: “The adoption process was smooth, and we never really had any issues.

    “We adopted our eldest when he was 8 months old, and never planned on having a second child. However, as he got older, we could see when we took him out, he would be playing on his own.

    “We then decided on a sibling for him, and his brother joined our family when he was 7 months old.

    “They together are so close, and absolutely love each other to bits. It’s the best thing we ever did, giving us our perfect family.”

    Adoption@Heart is the regional adoption agency for the Black Country, providing adoption services for the City of Wolverhampton Council, Walsall Council, Dudley Metropolitan Borough Council and Sandwell Children’s Trust.

    Lots of people can adopt, whether they are single, living together, married, a same sex couple, in employment or not working, or already have children or not. Potential adopters must legally be a UK resident and have been so for at least 12 months, as well as being aged 21 or over. They should be able to provide a stable home for a child until adulthood and beyond.

    Adoption@Heart is currently holding virtual information events online every fortnight. They are the perfect place for those who are ready to start their adoption journey or would like more information. Details of future events are available at Adoption@Heart. For further information, call 01902 553818 or email info@adoptionatheart.org.uk 

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Look after your wellbeing this Christmas

    Source: City of Wolverhampton

    While the festive season is a time to enjoy a break, celebrate and connect with friends and family, for some people this can become overwhelming.

    It is important to know that there are some practical steps you can take that will be good for your physical and mental wellbeing. 

    These include: 

    • Keeping active: Physical activity is great for your mind and body. Find ways to keep physically active that are suitable to your ability – anything from seated exercise to walking or running. 
       
    • Being prepared: Christmas is a busy time of year, so plan ahead. If you have shopping to do or if you’re hoping to meet with friends and family, having a daily plan will help you get organised. This way you’re less likely to forget important things. 
       
    • Being relaxed: Try a relaxation or meditation exercise that works for you and practice it once a day for at least 10 minutes. 
       
    • Being helpful: See how you can support others. If someone is alone over Christmas, reach out to them, or if someone needs help with collecting shopping during the cold, dark days, offer them a hand. There are also opportunities for voluntary work this time of year. 
       
    • Being heard: Talk to friends, family about how you are feeling. You can do this in person, by phone, or online, and often those around us can help us find solutions to our concerns or encourage us to seek help when we need it.

    Councillor Jasbir Jaspal, the City of Wolverhampton Council’s Cabinet Member for Adults and Wellbeing, said: “If you are feeling low, lonely, isolated or would like to speak to someone, it is important to remember that help is available throughout the holiday period.”

    The Rethink Black Country 24/7 support line can be contacted on 0800 008 6516 or text 07860 025281. The service will listen to you, offer advice, and connect you with the right support for you. The service is open 24/7 except Christmas Day (6 to 8pm), Boxing Day (6 to 9pm), New Year’s Eve (6 to 9pm) and New Year’s Day (6 to 8pm).

    You could also contact The Samaritans by calling 116 123, visiting The Samaritans, or emailing jo@samaritans.org – emails will be replied to within 24 hours.

    For urgent advice can contact NHS 111 and select Option 2 for mental health.

    The NHS Every Mind Matters website provides a range of tools and advice on how you can look after your wellbeing and support those around you.  

    If you would prefer to speak to someone in person, support is available at The Sanctuary Hub, open between 6pm and 11pm Monday to Friday and from 12 noon until 11pm at weekends, except Christmas Eve and Christmas Day (closed) and Boxing Day, New Year’s Eve and New Year’s Day (all 6 to 9pm). 

    MIL OSI United Kingdom