Category: KB

  • MIL-OSI Asia-Pac: Satellite payload items selected by Security Bureau and disciplined services on display at Hong Kong Space Museum from tomorrow (with photo)

    Source: Hong Kong Government special administrative region

         The Security Bureau (SB), together with the disciplined services and auxiliary forces under it, will hold a six-day exhibition at the Hong Kong Space Museum foyer starting tomorrow (November 6). The exhibition will showcase the cultural and creative items which were carefully selected to be carried by the country’s Shijian-19 satellite during its recent space mission, with a view to enhancing the sense of national pride among members of the public and deepening their understanding of the disciplined and auxiliary services.
          
         The Secretary for Security, Mr Tang Ping-keung, earlier officiated at the unboxing ceremony held at the Central Government Offices, during which he presented the items and space payload certificates to the heads of the respective services. Mr Tang said it was an honour to be invited to participate in the national space programme involving the country’s first reusable and returnable test satellite, which successfully accomplished its return mission. This marks a significant breakthrough in key technologies in aerospace, demonstrating the nation’s remarkable progress in the area of space exploration. The payloads also symbolised the spirit of the disciplined services in embracing the pursuit of dreams and innovation while dedicating themselves to safeguarding Hong Kong.
          
         The cultural and creative items and promotional materials selected by the SB include a national security-themed comic, which is a testimony to the importance the SB has attached to safeguarding national security. As one of the main characters of the comic, Security Bear was also given special equipment to join the journey to space, further promoting national security education and helping children understand the importance of national security from a young age in a fun way. Given the promotion of the Sha Tau Kok Frontier Closed Area tourism is also a key initiative of the SB, and a series of promotional items featuring the cultural characteristics of Sha Tau Kok were chosen for the space journey.

         Other meaningful items were selected by the disciplined and auxiliary services, including the mascots of different services, such as Little Grape from the Hong Kong Police Force (HKPF) and Mini Bean from the Junior Police Call; a teddy bear from Customs Yes of the Customs and Excise Department (C&ED); Captain Gor from the Rehabilitation Pioneer Leaders of the Correctional Services Department (CSD); AMSER from the Auxiliary Medical Service (AMS), as well as other items such as samples of a passport and identity card of the Hong Kong Special Administrative Region, a publication of the Fire Services Department (FSD) , an album, a flag and framed items.

         The Shijian-19 satellite was launched on September 27 and returned safely on October 11. The payload items of the disciplined and auxiliary services came from the HKPF, the C&ED, the Immigration Department, the CSD, the FSD, the Government Flying Service, the AMS, the Civil Aid Service and the Hong Kong Auxiliary Police Force.   

    MIL OSI Asia Pacific News

  • MIL-OSI Australia: NSW Government launches Australia’s first operational Seasonal Drought Forecast

    Source: New South Wales Government 2

    Headline: NSW Government launches Australia’s first operational Seasonal Drought Forecast

    Published: 5 November 2024

    Released by: Minister for Agriculture


    The Minns Labor Government’s groundbreaking drought forecasting system will make its debut in this month’s State Seasonal Update, published online today.

    The Government is committed to growing and protecting the state’s primary industries and assisting farmers prepare for and better understand drought is a key goal.

    The innovative online web-based tool will provide essential insights for farmers and other key agricultural stakeholders across NSW, allowing them to make informed decisions for drought preparedness, produce production and management.

    The new service will provide vital insights for farmers and other key agricultural stakeholders allowing them to make better informed decisions for drought preparedness and management.

    The forecast uses rainfall and temperature data from the Bureau of Meteorology’s seasonal forecast in the existing Enhanced Drought Information System (EDIS) to generate the most likely drought status for up to three months ahead. 

    The drought forecast will be provided along with valuable information about the certainty of the forecast and its historical performance, allowing users to better anticipate and prepare for potential drought conditions.

    The drought forecast is underpinned by extensive scientific evaluation of its accuracy over the past 40 years of overlapping observations and model runs.

    Future enhancements to the forecast will include location-based information and interactive online tools for accessing data.

    The NSW Government remains committed to drought preparedness, by working with communities and our agricultural industry to safeguard the State against the effects of drought. 

    To view the operational Seasonal Drought Forecast, please visit this website

    To view the October State Seasonal Update, please visit this website  

    Minister for Agriculture Tara Moriarty said:

    “The Minns Labor Government is committed to empowering NSW farmers with innovative technology and resources to tackle climate challenges, ensuring sustainable practices and food supplies for future generations.

    “The launch of this seasonal drought forecast is a significant step forward in our ability to support farmers across NSW.

    “By providing timely information, we can help our agricultural community prepare for and respond to the challenges of drought.

    MIL OSI News

  • MIL-OSI: Global Strategy: Fergus Kane Leads DIGZAX in Shaping the Future of Crypto Finance

    Source: GlobeNewswire (MIL-OSI)

    ARVADA, Colo., Nov. 04, 2024 (GLOBE NEWSWIRE) — Recently, the internationally renowned cryptocurrency exchange DIGZAX announced its global expansion strategy aimed at penetrating emerging markets and enhancing its business coverage and international influence. This initiative marks the further commitment of DIGZAX to the international market while showcasing its success in strategic positioning and market operations. As the heart of this expansion strategy, Fergus Kane, the founder and CEO of DIGZAX, has once again become a focal point in the industry.

    Fergus not only possesses a robust financial background but is also a pioneer in the realm of cryptocurrency. He graduated from Harvard University, and later achieved significant success at top financial institutions such as Goldman Sachs and JPMorgan on Wall Street. However, he did not confine himself to traditional finance; instead, he keenly recognized the vast potential within crypto finance.

    After extensive research into the blockchain and cryptocurrency sectors, Fergus identified numerous pressing issues facing cryptocurrency exchanges. In response, he decided to establish DIGZAX, a user-centric trading platform that emphasizes security and compliance. Since its inception in 2019, DIGZAX has rapidly secured a significant position in the global market, thanks to its innovative technology applications and high-quality user experience.

    According to the recently announced global expansion plan of DIGZAX, the platform will first solidify its leadership in the Asia-Pacific market before gradually extending its reach into Latin America. Fergus stated that both regions are experiencing rapid growth in their cryptocurrency user bases, presenting immense market potential. DIGZAX intends to establish a solid business foundation in these markets through stringent compliance measures and flexible operational strategies.

    This strategy not only reflects the global vision of DIGZAX but also underscores its keen attention to emerging markets. By deeply exploring these regional markets, DIGZAX aims to provide users with a more diversified range of services, ensuring it maintains a leading position in the fiercely competitive cryptocurrency landscape.

    For Fergus Kane, DIGZAX is not merely a cryptocurrency trading platform; it is a bridge that helps more people safely and conveniently enter the world of crypto finance. Throughout its global expansion, DIGZAX has consistently prioritized user experience as its core objective. Whether it involves the continuous optimization of platform features, the promotion of user education, or rigorous compliance management, Fergus and his team are dedicated to creating an efficient and secure trading environment, ensuring that more potential investors can confidently engage with the crypto market and fully enjoy the growth dividends of the industry.

    In addition to business expansion, Fergus particularly emphasized the importance of industry knowledge dissemination. He believes that users can only better participate and benefit from crypto finance when they truly understand its operational mechanisms and underlying values. Consequently, DIGZAX plans to further strengthen market education in the future, helping more investors grasp the relevant knowledge of cryptocurrencies. Through this initiative, DIGZAX aims to provide users with a safe and robust path to market participation, maximizing their potential returns.

    With the rapid development of the cryptocurrency market, Fergus Kane and the DIGZAX exchange have emerged as industry leaders. Through precise market insights, cutting-edge technology applications, and a user-centered service philosophy, DIGZAX is swiftly rising to become a frontrunner in the global crypto finance sector. With its global expansion plan, DIGZAX will continue to drive industry innovation, creating greater value and opportunities for users.

    Media Contact:

    Full company name: DIGZAX BLOCKCHAIN DEVELOPMENT INC

    Company website: https://www.digzax.co

    Contact Person: Darma

    Email id: support@DIGZAX.co

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/645f4f0f-608a-424c-9d2e-50837f5090e2

    The MIL Network

  • MIL-OSI Economics: Q&A: Default and Loss Data by ADB and Other MDBs

    Source: Asia Development Bank

    Article | 05 November 2024
    Read time: 5 mins

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    On 10 October 2024, ADB published a comprehensive report detailing its sovereign default and loss rates over a 34-year period. This report, made in keeping with ADB’s commitment to data transparency, shows the remarkable credit performance of loans to its developing member countries (DMCs). On 15 October 2024, the GEMs Consortium—a group of 26 multilateral development banks (MDBs) and development finance institutions (DFIs)—published two reports that provide insights on the performance of credit portfolios and credit risk in emerging markets and developing economies (EMDEs) based on the group members’ investment experiences.

    Stephen O’Leary, Head, Office of Risk Management, ADB

    What prompted major MDBs to disclose their proprietary data, such as credit data, to the public?

    Unlike in developed economies, there is a deficit of reliable data on credit performance in the emerging markets where MDBs operate. This leads to misconceptions about the level of risk in those regional debt markets. Therefore, major MDBs have decided to disclose their aggregated detailed default and recovery statistics at a more granular level in response to shareholders’ demand for greater transparency.

    By making their own credit data publicly available, MDBs are empowering private and public investors with valuable insights into the actual creditworthiness indicators of borrowers in developing countries. This information is crucial for investors who often perceive these markets as high risk due to a lack of data. The MDBs are playing a key role in changing this perception.

    How significant are the data being shared?

    The published data have additional granularity which may help refine credit models. Robust credit models are fundamental to lending volume and pricing decisions, capital adequacy assessment, and overall strategic decisions to operate in specific markets. MDB’s private sector data should also catalyze private investors to invest more in emerging markets.

    What are the key insights from the recent GEMs publication of private sector defaults and recoveries?

    To underscore the reliability of the insights, it should first be highlighted that the GEMs report has one of the biggest populations of approximately 2000 private sector defaults. For comparison, the S&P’s Emerging and frontier markets corporate default summary showcases around 500 default instances since 1997.

      The GEMs report reveals that private-sector lending in EMDEs has a historical average default rate of 3.56%, which implies S&P Corporates’ B rating. The annual default rates were surprisingly stable and slightly below the historical average for the past 20 years. The fact that lending in frontier markets did not result in high default rates is a remarkable finding, especially given that the MDBs prioritize development goals over profitability.

    The data also highlight that financials comprise 36% of MDBs and IFIs borrowers, while utilities comprise approximately 14%. The financials have the lowest default rate among all sectors. Such MDBs’ sectoral concentration facilitates credit transmission into the economies of developing countries via financial intermediaries. While lending to renewable energy and sustainable utilities infrastructure simultaneously reduces climate risk.

    What steps has GEMs Consortium taken to improve the data?

    GEMs Consortium continuously improves the data to increase their usability and credibility among investors and stakeholders. The consortium has already updated its methodology documentation, providing detailed explanations of data collection processes and sources. Additionally, GEMs Consortium invests in streamlined data collection technologies to ensure more timely and granular updates, facilitating better decision-making in fast-changing market conditions.

    How can sovereign data disclosures help the borrowers?

    Disclosing sovereign default and recovery data is important as they detail the performance of an MDB sovereign lending in a specific country. Such disclosures should help investors enter cofinancing agreements with an MDB. For example,   ADB’s report on sovereign default and loss rates demonstrates the low credit risk in ADB’s sovereign operations, with an average default rate of 0.54% over the last 34 years and zero new defaults from 2010 to 2021. The data underscore the strength of ADB’s relationship with its developing member countries and the preferred creditor treatment accorded to ADB.

    The recent strides made by MDBs in enhancing credit data disclosures are a testament to their commitment to transparency and accountability. These efforts, when continued, will ensure that stakeholders, including governments, civil society, and the public, have access to reliable and comprehensive data. This, in turn, will contribute to sustainable development and financial stability on a global scale.

    In conclusion, the true utility of data is realized only when there is widespread global awareness of their free availability. While collecting and publishing data are essential steps, effective dissemination is key to maximizing their impact. The MDB community can significantly enhance the development benefits by engaging independent market participants to review, comment on, and utilize credit data. This collaborative approach not only enriches the value of the data but also fosters broader participation, ultimately driving meaningful outcomes.

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    MIL OSI Economics

  • MIL-OSI China: Global firms capitalize on China’s smart, green transformation

    Source: China State Council Information Office

    Jinbao, the mascot of the China International Import Expo (CIIE), and Xiaoxin, a humanoid robot providing inquiry service, are pictured at the media center of the 7th CIIE in Shanghai, east China, Nov. 4, 2024. [Photo/Xinhua]

    Global investors are eyeing fresh opportunities in China as the world’s second-largest economy accelerates its intelligent, green transformation.

    With the seventh China International Import Expo (CIIE) set to open on Tuesday, multiple industry leaders from across the world are gearing up to showcase their latest innovations and technologies, aiming to tap into China’s vast market potential.

    Tapping smarter manufacturing

    Aptiv, a multinational developing automobile parts, made its debut at the seventh CIIE, exhibiting software and hardware products featuring intelligence and electrification.

    “The CIIE provides an excellent platform for enterprises from all over the world to exchange ideas and cooperate,” said Simon Yang, president of Aptiv for China and the Asia Pacific region. He noted that Aptiv hopes to make full use of the CIIE to showcase its innovative solutions.

    The company is committed to its long-term development strategy of “In China for China,” and will continue to increase its investment in the Chinese market while expanding business cooperation with Chinese original equipment manufacturers.

    Aptiv is one of a number of multinationals gathering in Shanghai to test the pulse of China’s smart manufacturing market, which plays an important part in the country’s pursuit of high-quality development.

    Swedish technology company Hexagon has brought its new solutions to help traditional manufacturers become more digital-savvy to this year’s CIIE, including cloud platforms for industrial software and smart quality-testing systems.

    “The company is ready to ride the wave of the country’s pursuit of new quality productive forces, which are high-tech, highly efficient and of a high quality,” said Qin Lei, marketing business partner at Hexagon Manufacturing Intelligence (Qingdao) Co., Ltd.

    Merck Group, Germany’s leading tech company, is showcasing its innovative achievements in the new materials section of the CIIE, which is new to the annual event.

    China’s great market potential, improving business environment and rich talent pool have reinforced Merck’s confidence in its long-term investment in the country, said Marc Horn, executive vice president of Merck and president of Merck China.

    Embracing a greener future

    Entering its seventh year, the CIIE has retained its “New Era, Shared Future” theme, which holds special meaning for Christian Bruch, president and CEO of Siemens Energy AG.

    “I strongly agree with the theme, as it envisions a sustainable and more decarbonized future that requires collaborative efforts from governments, enterprises, customers, partners and the entire supply chains,” Bruch said.

    In his view, China’s dedication to building a modern energy system creates “extensive market opportunities” for global energy technology companies, including Siemens Energy.

    “Together with Chinese customers and partners, we have developed many energy infrastructure projects, continuously invested and expanded our manufacturing capacity in China, in order to meet the growing market demand in China and across the world,” he said.

    Pledging to peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060, China has been steadfast in accelerating its energy transition. Over the past decade, the share of clean energy in the country’s total energy use has increased 10.9 percentage points, according to the National Energy Administration.

    Dedicated to promoting clean energy in China, Siemens Energy has established 15 manufacturing facilities across the country. It has become an important partner in the country’s energy transition, Bruch said.

    At this year’s CIIE, the company is poised to showcase its cutting-edge decarbonization technologies for the energy sector. Many of its exhibits will be presented for the first time in Asia or China.

    “During the expo, I look forward to meeting and exchanging ideas with partners, building consensus and fostering collaborative development,” Bruch said. “Tackling climate change and driving energy transition is a daunting task that no single country or region can accomplish alone.”

    Bruch’s emphasis on collaboration aligns with China’s increasing global contributions. According to a white paper issued by China’s State Council Information Office in August this year, the country’s wind power and photovoltaic exports helped other countries reduce their carbon dioxide emissions by about 810 million tonnes in 2023.

    Recognizing China’s role in the global energy transition, Bruch highlighted Siemens Energy’s confidence in deepening cooperation with its Chinese partners. “We are fully committed to working together to build a new energy ecosystem that supports China’s dual-carbon goals and fosters sustainable energy development worldwide.”

    MIL OSI China News

  • MIL-OSI China: Foxconn’s planned business headquarters a vote of confidence in mainland market

    Source: China State Council Information Office

    Foxconn, the world’s leading electronics manufacturer, is set to build a new business headquarters in Zhengzhou, central China, in a move the Taiwan company described as “a crucial step” in expanding its presence on the mainland market.

    Analysts say the decision highlights Foxconn’s commitment to investing in the mainland, despite rising global trade protectionism and “decoupling” and “de-risking” rhetoric ratcheted up by certain Western politicians.

    The tech giant recently won a bid for a 2.84-hectare plot at 150 million yuan (about 21.07 million U.S. dollars) in the Zhengdong new district in Zhengzhou, capital of Henan Province, where it plans to build a headquarters focusing on key technology sectors, according to the Zhengzhou Public Resources Trading Center in a recent statement.

    This initiative aligns with Foxconn’s “3+3” strategy targeting electric vehicles, digital health and robotics, along with advancements in artificial intelligence (AI), semiconductors and next-generation communication, the company said.

    Foxconn’s planned headquarters will feature a construction area of approximately 70,000 square meters in its first phase, with an investment of 1 billion yuan. The company has not yet provided a groundbreaking date.

    In a speech at the unveiling ceremony for the new business headquarters in April 2023, Chairman Young Liu emphasized that the headquarters will mark the beginning of a new journey for Foxconn’s strategic industry development on the mainland, and the company’s new businesses are both a response to global market trends and an embrace of the latest wave in technological advancement.

    Henan’s favorable infrastructure and business environment, as well as the collaborative relationship between Foxconn and the local governments, were pivotal factors in the decision to locate the headquarters there, Liu noted.

    Between February and April 2023, Liu visited Henan three times, pledging to “build a new Foxconn” in the province. In July this year, the company signed a strategic cooperation agreement with the Henan provincial government to accelerate projects related to new business ventures.

    Per the deal, Foxconn plans to leverage its expertise in smart manufacturing, along with its global technological capabilities and supply chain resources, to advance projects in the new energy vehicle, energy storage battery, digital healthcare and robotics industries.

    Construction of a trial manufacturing center for new energy vehicles has started at Zhengzhou Airport Economy Zone, with operations expected to commence by the end of the year.

    Foxconn’s increased investment in Henan and its focus on future industries represent a win-win approach, said He Liang, an official with Zhengzhou Airport Economy Zone.

    “We will continue to provide quality service and foster a first-rate business environment that is market-oriented, law-based and internationalized,” He added.

    Henan and Foxconn share a deep bond.

    Foxconn, the principal assembler of Apple iPhones, established operations in the inland province in 2010. By the end of 2023, its Zhengzhou factory spanned around 2.8 million square meters and had recorded 12 consecutive years of growth in industrial output. Over the years, Foxconn has further expanded its footprint across Henan, setting up facilities in cities such as Jiyuan, Hebi and Zhoukou.

    The cooperation has also transformed Henan’s economy, turning the province into a global hub for intelligent terminal manufacturing. From 2016 to 2020 alone, the Zhengzhou factory attracted over 200 related supply chain enterprises to the Zhengzhou Airport Economy Zone, with total investments exceeding 300 billion yuan, according to the zone administration.

    Analysts view Foxconn’s moves as part of a broader bet on emerging industries, such as new energy vehicles, solid-state batteries, robotics, AI and semiconductors — sectors that are likely to shape the future of global manufacturing.

    Song Xiangqing, deputy head of the Commerce Economy Association of China, noted that the company’s increased investment in Henan underscores the opportunities created by the digital economy and technological progress on the mainland, as well as the resilience of its industrial chain and its shift toward high-quality manufacturing.

    The world’s second-largest economy has been steadfastly expanding its institutional opening-up in recent decades, rolling out various policies aimed at achieving high-quality development and offering the rest of the world new growth momentum and opportunities.

    At its third plenum, the 20th Central Committee of the Communist Party of China renewed the country’s commitment to the basic state policy of opening to the outside world and continuing to promote reform through opening-up.

    The commitment to an open economy, paired with its massive domestic market, presents significant opportunities for companies that are aiming to scale up operations in China despite global headwinds.

    In May, U.S. carmaker Tesla began construction on a mega factory in Shanghai to manufacture its energy-storage batteries. In his recent visit to China, Apple CEO Tim Cook also reaffirmed the company’s investment commitment in the country.

    MIL OSI China News

  • MIL-OSI USA: NASA Science, Cargo Launch on 31st SpaceX Resupply Mission to Station

    Source: NASA

    Following a successful launch of NASA’s SpaceX 31st commercial resupply mission, new scientific experiments and cargo for the agency are bound for the International Space Station.
    The SpaceX Dragon spacecraft, carrying more than 6,000 pounds of supplies to the orbiting laboratory, lifted off at 9:29 p.m. EST Monday, on the company’s Falcon 9 rocket from Launch Complex 39A at NASA’s Kennedy Space Center in Florida.
    Live coverage of the spacecraft’s arrival will begin at 8:45 a.m. Tuesday, Nov. 5, on NASA+ and the agency’s website. Learn how to watch NASA content through a variety of platforms, including social media.
    The spacecraft is scheduled to autonomously dock at approximately 10:15 a.m. to the forward port of the space station’s Harmony module.
    The resupply mission will support dozens of research experiments conducted during Expedition 72. In addition to food, supplies, and equipment for the crew, Dragon will deliver several new experiments, including the Coronal Diagnostic Experiment, to examine solar wind and how it forms. Dragon also delivers Antarctic moss to observe the combined effects of cosmic radiation and microgravity on plants. Other investigations aboard include a device to test cold welding of metals in microgravity and an investigation that studies how space impacts different materials.
    These are just a sample of the hundreds of investigations conducted aboard the orbiting laboratory in the areas of biology and biotechnology, physical sciences, and Earth and space science. Such research benefits humanity and lays the groundwork for future human exploration through the agency’s Artemis campaign, which will send astronauts to the Moon to prepare for future expeditions to Mars.
    The Dragon spacecraft is scheduled to remain at the space station until December when it will depart the orbiting laboratory and return to Earth with research and cargo, splashing down off the coast of Florida.
    Learn more about space station activities by following @space_station and @ISS_Research on X, as well as the ISS Facebook, ISS Instagram, and the space station blog.
    Learn more about the commercial resupply mission at:

    NASA’s SpaceX CRS-31

    -end-
    Claire O’Shea / Josh FinchHeadquarters, Washington202-358-1100joshua.a.finch@nasa.gov / claire.a.o’shea@nasa.gov
    Stephanie Plucinsky / Steven SiceloffKennedy Space Center, Fla.321-876-2468stephanie.n.plucinsky@nasa.gov / steven.p.siceloff@nasa.gov
    Sandra JonesJohnson Space Center, Houston281-483-5111sandra.p.jones@nasa.gov

    MIL OSI USA News

  • MIL-OSI Economics: Money Market Operations as on November 04, 2024

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 550,223.53 6.12 5.00-6.50
         I. Call Money 7,899.89 6.41 5.10-6.50
         II. Triparty Repo 396,114.85 6.08 5.41-6.25
         III. Market Repo 145,225.79 6.22 5.00-6.50
         IV. Repo in Corporate Bond 983.00 6.40 6.40-6.41
    B. Term Segment      
         I. Notice Money** 296.85 6.39 6.20-6.50
         II. Term Money@@ 657.00 6.50-6.90
         III. Triparty Repo 790.00 6.21 5.50-6.36
         IV. Market Repo 831.61 6.53 6.35-6.67
         V. Repo in Corporate Bond 0.00
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo Mon, 04/11/2024 3 Thu, 07/11/2024 74,000.00 6.49
    3. MSF# Mon, 04/11/2024 1 Tue, 05/11/2024 5,231.00 6.75
    4. SDFΔ# Mon, 04/11/2024 1 Tue, 05/11/2024 193,522.00 6.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -262,291.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo Thu, 31/10/2024 14 Thu, 14/11/2024 24,697.00 6.49
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    5. On Tap Targeted Long Term Repo Operations Mon, 15/11/2021 1095 Thu, 14/11/2024 250.00 4.00
    Mon, 27/12/2021 1095 Thu, 26/12/2024 2,275.00 4.00
    6. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£ Mon, 15/11/2021 1095 Thu, 14/11/2024 105.00 4.00
    Mon, 22/11/2021 1095 Thu, 21/11/2024 100.00 4.00
    Mon, 29/11/2021 1095 Thu, 28/11/2024 305.00 4.00
    Mon, 13/12/2021 1095 Thu, 12/12/2024 150.00 4.00
    Mon, 20/12/2021 1095 Thu, 19/12/2024 100.00 4.00
    Mon, 27/12/2021 1095 Thu, 26/12/2024 255.00 4.00
    D. Standing Liquidity Facility (SLF) Availed from RBI$       7,458.51  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -13,698.49  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -275,989.49  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on November 04, 2024 1,026,975.35  
         (ii) Average daily cash reserve requirement for the fortnight ending November 15, 2024 1,011,562.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ November 04, 2024 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on October 18, 2024 402,348.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    As per the Press Release No. 2020-2021/520 dated October 21, 2020, Press Release No. 2020-2021/763 dated December 11, 2020, Press Release No. 2020-2021/1057 dated February 05, 2021 and Press Release No. 2021-2022/695 dated August 13, 2021.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    £ As per the Press Release No. 2021-2022/181 dated May 07, 2021 and Press Release No. 2021-2022/1023 dated October 11, 2021.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/1428

    MIL OSI Economics

  • MIL-Evening Report: What to expect on Election Day: history could be made, or we’re in for a long wait (and plenty of conspiracies)

    Source: The Conversation (Au and NZ) – By Emma Shortis, Adjunct Senior Fellow, School of Global, Urban and Social Studies, RMIT University

    As Americans vote in one of the most important presidential elections in generations, the country teeters on a knife edge. In the battleground states that will likely decide the result, the polling margins between Democrat Kamala Harris and Republican Donald Trump are razor thin.

    These tiny margins, and the general confusion around American politics today, make it impossible to predict the outcome.

    The polls might well be wrong: the electorate may have shifted dramatically since 2020 in ways that will only reveal themselves after the election. The reality is we do not know much of anything for sure, and we may never be able to untangle all of the threads that make up the knot of American politics.

    After two assassination attempts on Trump and incumbent President Joe Biden’s dramatic decision to leave the race in August, it is entirely possible this election will throw up more big surprises. But as things stand, there are three broad possibilities for what will happen on Election Day.

    All of them throw up their own challenges – for the United States, and for the world.

    Possibility 1: the return of Trump

    Trump may make history and win back the White House. Only Grover Cleveland has managed to get elected a second time as president (in 1892) after suffering a defeat four years earlier.

    If Trump does win, it could be via a similar path to the one he took in 2016 – by once again sundering the “blue wall” and winning the battleground states of Pennsylvania, Wisconsin and Michigan.

    This feat will likely mean his campaign tactic of mobilising men has worked.

    A Trump victory would represent the culmination of a generational project of the American right. A second Trump administration would be very different from the first – the movement behind Trump is more organised, focused and cognisant of the mistakes of the first Trump White House. It would also face considerably weakened democratic guardrails.

    The implementation of Trump’s radical agenda, alongside some or all of the broader far-right agenda detailed in the Heritage Foundation’s Project 2025, would radically reshape American life and create political and economic chaos.

    The rest of the world would have to reorient itself, once again, around Trump.

    Possibility 2: Harris makes history

    It is entirely possible Harris makes history – not only by beating Trump, but by becoming the first woman and woman of colour to win the US presidency.

    Like Trump, if Harris does win, it will likely be through one or more of the battleground states – in particular, Pennsylvania and Georgia.

    For Harris, victory will likely come via high turnout by women and voters of colour, particularly African-Americans, or through a combination of turnout by this core Democratic base and swing voters in key states like Pennsylvania.

    How Harris wins – and by how much – will be crucial, both to the immediate aftermath of the election and to the shape of a future Harris administration.

    A big question: can she win by enough to head off resistance by Trump and the movement behind him? As Australian writer Don Watson has noted, a Harris victory would likely be taken as an existential defeat by the MAGA movement.

    How Trump’s supporters react to such a defeat – and how US institutions react to their reaction – will be a critical test for American democracy.

    Possibility 3: too close to call

    This brings us to the third possibility: the polls are correct, and it’s such a tight race that the margins in the battleground states are in the thousands of votes, or even less.

    If it is that close, counting could take days. And there could be recounts after that.

    While conspiracies abound, a delay in the result like this would be an entirely predictable and normal outcome. In the United States, there isn’t one system for counting the votes; elections are run by the states on a county-by-county basis, and each state does it differently.

    Pennsylvania and Wisconsin, for example, legally can’t start counting mail-in votes until the polls open on Election Day.

    Then there is the supposed “blue shift” or “red mirage” that sometimes occurs on election night.

    There are now many ways to vote in the US – in person on Election Day, early voting before Election Day or by mail-in ballot. And the time it takes to count these different ballots can vary. So, it may appear as if one candidate is winning early in the night (say, when in-person votes are counted) only for their opponent to slowly turn the tide (when mail-in ballots are counted).

    In the 2020 election, this meant early Trump (“red”) leads were gradually lost to the Biden (“blue”) votes. Researchers found that counties won by Biden counted more slowly, on average, than those won by Trump – hence the so-called “blue shift”.

    This is an entirely normal – and legal – phenomenon. In Nevada, for instance, state law permits mail-in ballots to be counted four days after Election Day, so long as they were postmarked by Election Day.

    Trump and his surrogates like Steve Bannon, however, have exploited the differing times it takes to count votes to peddle baseless conspiracy theories, undermining Americans’ faith in their own democracy, and to incite unrest.

    By baselessly declaring victory in 2020 on the early “red mirage” tallies in key states before all the votes were counted, Trump was able to create what Bannon described as a “firestorm” – one that eventually led to the insurrection of January 6 2021.

    This could very well happen again. Bannon, in fact, has just been released from prison after serving four months for contempt of Congress, and could once again be a driving force in any post-election challenges by the Trump campaign.

    Trump, meanwhile, lied again this week when he said “these elections have to be, they have to be decided by 9 o’clock, 10 o’clock, 11 o’clock on Tuesday night” – laying the groundwork for further election conspiracies.

    Delays are normal – but fraught

    Trump has made it very clear he will not accept another election loss. If he does lose, he or his surrogates will attempt to weaponise similar conspiracy theories again. They may also use legal challenges to vote counts as they did in 2020 – both to contest the result and to once again mobilise the MAGA movement.

    In the event of close margins, it’s also possible some states will go to a recount.

    There are different rules for this in different states. To take one example, if the margin is within 0.5% in Georgia, a candidate can request a recount.

    In the 2020 presidential election, Biden narrowly defeated Trump in Georgia by 0.25%, which triggered a full hand recount of the votes. The Associated Press declared Biden the winner of the state more than two weeks after Election Day. A second recount was later reconfirmed by Georgia Secretary of State Brad Raffensperger.

    Again, this is a normal part of the process. It ensures all votes are counted accurately and the result reflects the democratic will of the American people as best as the (admittedly, deeply flawed) system allows.

    Such a delay, legitimate as it would be, would elevate the already very real risk of further political violence and instability in the United States.

    None of these outcomes is inevitable. 2024 is not 2020; nor is it 2016. What happens next in America depends on the movement and interplay of so many tangled threads, it is impossible to see where old ones end and new ones might begin.

    In all of this, only one thing is certain. Whatever the result – and however long it takes to come through – the divisions and conspiracy theories that have destabilised American politics for so long will not be easily or quickly resolved. That knot may well prove impossible to untangle.

    Emma Shortis is Director of the International and Security Affairs program at The Australia Institute, an independent think tank.

    ref. What to expect on Election Day: history could be made, or we’re in for a long wait (and plenty of conspiracies) – https://theconversation.com/what-to-expect-on-election-day-history-could-be-made-or-were-in-for-a-long-wait-and-plenty-of-conspiracies-242598

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI New Zealand: Name release, fatal crash, SH1, Marton

    Source: New Zealand Police (District News)

    Police can now release the names of the two people who died following a crash on State Highway One near Marton on Tuesday 15 October.

    They were 65-year-old Peter John Neilson from Howick and 53-year-old Sahim Ali from Palmerston North.

    Our thoughts are with their families at this difficult time.

    Enquiries into the circumstances of the crash are ongoing.

    ENDS

    Issued by Police Media Centre
     

    MIL OSI New Zealand News

  • MIL-OSI Australia: Total Fire Ban for the Mallee

    Source: Victoria Country Fire Authority

    The first Total Fire Ban (TFB) for the fire season has been declared for the Mallee region tomorrow, Wednesday, 6 November 2024.

    Tomorrow’s conditions will be hot and windy across the state, with extreme fire danger in the Mallee expecting temperatures of up to 39 degrees, while the remainder of Victoria will reach mid to high thirties.

    Elevated fire danger will be driven by hot northerly winds of up to 50km/hr ahead of a south westerly wind change that will cross the state by late afternoon. Wind gusts could reach close to 80km/hr through central parts of Victoria and up to 90km/hr around elevated ranges.

    A Total Fire Ban means no fire can be lit in the open air or allowed to remain alight from 12.01am to 11.59pm on the day of the Total Fire Ban. 

    CFA Chief Officer Jason Heffernan said the TFB has been declared due to the expected conditions across the Mallee but urges all Victorian residents to be aware of local forecasts.

    “Tomorrow’s conditions will make it difficult for firefighters to supress a fire should one start,” Jason said.

    “We’re asking people to follow the strict conditions associated with the Total Fire Ban declaration.

    “Understand the how the increased fire risk will impact you and ensure your fire plan covers all possible contingencies.”

    Last Sunday, 3 November saw CFA respond to nearly 70 grass and scrub fires, with many igniting from dry lightning and private escaped-burn offs.

    “We saw a band of lightning move across the state over the weekend that caused wide-range concerns, and some of those fires took a great deal of resources and time to extinguish,” Jason said.

    “The potential for dry lightning and the wind change forecast for tomorrow is a key factor, and one that both CFA members and local residents need to be aware of.

    “We’re asking people in the Mallee to take action now, and for those coming off a long weekend to ensure their campfires and private burn-offs are properly extinguished before leaving the area.

    “Understand the conditions and what fires are going on around you, remain vigilant, and be ready to activate or modify your fire plan with ample time.”

    Victorians can find out if it is a Total Fire Ban on the CFA website www.cfa.vic.gov.au, where it is usually published by 5pm the day before a Total Fire Ban.

    For more information on what you can and can’t do visit the Can I or Can’t I page on the CFA website. 

    Victorians should also make sure they have access to more than one source of information.

    They include:

    • ABC local radio, commercial and designated radio stations of Sky News
    • The VicEmergency App
    • The VicEmergency website www.emergency.vic.gov.au
    • The VicEmergency Hotline on 1800 226 226
    • CFA or VicEmergency Twitter or Facebook
    Submitted by CFA media

    MIL OSI News

  • MIL-OSI Asia-Pac: SFST promotes Hong Kong’s status as international asset and wealth management and risk management centre in Switzerland (with photos)

    Source: Hong Kong Government special administrative region

         The Secretary for Financial Services and the Treasury, Mr Christopher Hui, started his visit to Zurich, Switzerland, yesterday (November 4, Zurich time) to promote Hong Kong’s status as an international asset and wealth management and risk management centre.

         Mr Hui in the morning met with the Chief Executive Officer, Corporate Solutions, Swiss Re Group, Mr Ivan Gonzalez, and the Chairman of the Board of Zurich Insurance Group, Mr Michel M Liès, respectively. During the exchanges with these two world-leading insurance services and risk-solution providers, Mr Hui updated them on Hong Kong’s latest initiatives as announced in “The Chief Executive’s 2024 Policy Address (Policy Address)” to further strengthen Hong Kong’s position as a global risk management centre. The initiatives include reviewing the risk-based capital regime implemented in July 2024 and examining the capital requirements for infrastructure investment to enrich insurance companies’ asset allocations for risk diversification, and drive investment in infrastructure; as well as continuing to invite Mainland and overseas enterprises to establish captive insurers in Hong Kong. 

         Hong Kong is currently home to around 160 insurance companies. It has the largest concentration of insurance companies and the highest insurance density in Asia.    

         Mr Hui had a lunch meeting with the Swiss-Hong Kong Business Association (SHKBA), one of the members of the Federation of Hong Kong Business Associations. Mr Hui shared with SHKBA members the huge scale and diversified investment opportunities of Hong Kong’s asset and wealth management business, adding that the city welcomes investors and family offices around the world.      

         At another gathering with leaders of a multinational financial service provider, Mr Hui briefed them on the enhancements proposed in the Policy Address that further strengthen Hong Kong’s status as an asset and wealth management hub. Hong Kong will consult the industry on increasing the types of transactions eligible for tax concessions for funds and single family offices to cover emission derivatives/emission allowances, insurance-linked securities, loans and private credit investments, virtual assets, etc. He also updated participants that the Government’s issuance of green bonds has been attracting strong interest from local and international investors. So far a total of HK$220 billion in government green bonds have been successfully issued, including a diverse array of bonds – retail, institutional, and tokenised – across multiple currencies and tenors.

         On the same day, Mr Hui met with the Head of Bilateral Cooperation, Swiss National Bank, Ms Lena Lee Andresen, to discuss issues of mutual concern such as the global trend of monetary policies. 

         Mr Hui also visited the headquarters of Gategroup, and met with their Chief Financial Officer, Mr Urs Schwendinger. Gategroup is a market-leading inflight caterer with a global presence, including Hong Kong. Noting that Hong Kong is an international aviation hub with continuous development of the Airport City, Mr Hui welcomed Gategroup to further expand their business in the city.  
        
         Mr Hui will depart for Geneva in the morning of November 5 (Zurich time) to continue his visit in Switzerland.                     

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Temporary suspension of LCSD’s Mobile Library 5, 10 and 11 services

    Source: Hong Kong Government special administrative region

    Temporary suspension of LCSD’s Mobile Library 5, 10 and 11 services
    Temporary suspension of LCSD’s Mobile Library 5, 10 and 11 services
    *******************************************************************

         Mobile Libraries 5, 10 and 11 will suspend services during designated periods in November for routine maintenance, a spokesman for the Leisure and Cultural Services Department announced today (November 5).     Mobile Library 5 will suspend services from November 11 to 16. The affected service points are Hin Keng Estate, Kam Tai Court, Mei Tin Estate and Yan On Estate in Sha Tin; Yee Ming Estate and Mang Kung Uk Road in Sai Kung; and Fu Shin Estate and Fu Heng Estate in Tai Po. For enquiries about Mobile Library 5 services, please call 2696 5842.     Mobile Library 10 will suspend services from November 11 to 23. The affected service points are Tsing Tin Playground, Gold Coast and Lung Mun Oasis in Tuen Mun; Tin Yuet Estate and Tin Shui Estate in Tin Shui Wai; Hung Shui Kiu and Fung Cheung Road in Yuen Long; Ching Ho Estate in Sheung Shui; Cheung Wang Estate in Tsing Yi; Kwai Chung Estate in Kwai Chung; and Hoi Lai Estate in Sham Shui Po. For enquiries about Mobile Library 10 services, please call 2450 1857.     Mobile Library 11 will suspend services from November 25 to 30. The affected service points are Cho Yiu Chuen, Kwai Shing West Estate and Kwai Shing East Estate in Kwai Chung; Po Tin Estate in Tuen Mun; Sun Chui Estate in Sha Tin; Easeful Court in Tsing Yi; and Tin Wah Estate in Tin Shui Wai. For enquiries about Mobile Library 11 services, please call 2479 1055.     Readers are welcome to use other public libraries during the service suspension periods. They may also renew library materials by telephoning 2698 0002 or 2827 2833, or via www.hkpl.gov.hk.

     
    Ends/Tuesday, November 5, 2024Issued at HKT 12:00

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Economics: $100 Million ADB Loan to Strengthen Armenia’s Fiscal Sustainability and Financial Markets Development

    Source: Asia Development Bank

    MANILA, PHILIPPINES (5 November 2024) — The Asian Development Bank (ADB) has approved an €89.47 million ($100 million equivalent) policy-based loan as Subprogram 2 of Armenia’s Fiscal Sustainability and Financial Markets Development Program.  

    The reforms promoted under this programmatic approach, supported by ADB in partnership with Agence Française de Développement, strengthen Armenia’s fiscal management and deepen its financial markets. These reforms align with Armenia’s national strategy to enhance governance, promote economic stability, and accelerate climate action.

    Government reforms under Subprogram 2 promote critical objectives of fiscal reform, including improved multi-year budget planning and procurement governance, and strengthened public debt, fiscal risk, and public investment management. In addition to fiscal governance reforms, the program also supports the establishment of liquid money markets, facilitates greater investor confidence, and enhances corporate transparency and governance.  

    Armenia’s climate change action policy commitments will also be enabled by key program reform efforts to embed adaptation and mitigation concerns and environmental policy objectives in public financial management systems and in financial sector policy.

    “The reforms will stimulate the financial sector and access to finance, positioning Armenia as a more robust economy resilient to external risks,” said ADB Director General for Central and West Asia Yevgeniy Zhukov.  

    Subprogram 2 builds on the successful implementation of Subprogram 1 and aims to reduce fiscal vulnerabilities and bolster investor confidence in its financial and capital markets.

    “This program is a vital step in promoting fiscal effectiveness and bolstering Armenia’s capacity to manage fiscal risks and public investments effectively, creating foundations for sustainable growth,” said ADB Principal Financial Sector Economist João Farinha-Fernandes.

    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 Economics: ADB to Help Nepal Upgrade Electricity Transmission and Distribution Infrastructure

    Source: Asia Development Bank

    MANILA, PHILIPPINES (5 November 2024) — The Asian Development Bank (ADB) has approved a $311 million loan to improve and modernize electricity transmission and distribution infrastructure in Nepal.

    “Upgrading and modernizing Nepal’s electricity transmission and distribution facilities and infrastructure is essential to its sustainable growth and development,” said ADB Principal Energy Specialist Jiwan Acharya. “Not only will this project ensure the reliable and sustainable delivery of electricity in the country, but it will also provide employment and business opportunities to make lives of Nepalese better and more comfortable.”  

    The project will finance a total of 290 kilometers (km) of power transmission lines from Dailekh to Jumla, New Butwal to Lamahi, Nijgadh to Ramauli, and Teenpiple and Okharpauwa. It will also expand, reinforce, and rehabilitate electricity distribution infrastructure in Karnali and Lumbini provinces. Distributed grid-connected solar photovoltaic generation facilities with a total capacity of 8 megawatts will be established in Karnali and other areas. 

    ADB will help the Nepal Electricity Authority (NEA) upgrade its training center, expand the smart meter rollout program, establish a data recovery center, and implement a Supervisory Control and Data Acquisition network. The project will conduct awareness-raising campaigns on safe and efficient energy use.

    ADB will provide an additional $30 million grant from its Asian Development Fund, which provides grants to ADB’s poorest and most vulnerable developing member countries, to support training and capacity building. Advanced communication tools and technology, funded by the grant, will equip NEA with skills in hydropower management and electricity dispatch significantly enhancing Nepal’s capability to trade power with neighboring countries. 

    The project will also support training of women and disadvantaged groups on business and technical skills, open energy-related employment opportunities, and expand energy-based businesses. It will help build the capacity of the NEA and other government agencies in power management, project management, new technologies, and power trade, among others.

    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-Evening Report: Fijian journalists embrace multimedia landscape for the digital age

    By Catrin Gardiner, Queensland University of Technology

    In the middle of the Pacific, Fiji journalists are transforming their practice, as newsrooms around Suva are requiring journalists to become multimedia creators, shaping stories for the digital age.

    A wave of multimedia journalists is surfacing in Fijian journalism culture, fostered during university education, and transitioning seamlessly into the professional field for junior journalists.

    University of the South Pacific’s technical editor and digital communication officer Eliki Drugunalevu believes that multimedia journalism is on the rise for two reasons.

    “The first is the fact that your phone is pretty much your newsroom on the go.”

    With the right guidance and training in using mobile phone apps, “you can pretty much film your story from anywhere”, he says.

    The second reason is that reliance on social media platforms gives “rise to mobile journalism and becoming a multimedia journalist”.

    Drugunalevu says changes to university journalism curriculum are not “evolving fast enough” with the industry.

    Need for ‘parallel learning’
    “There needs to be parallel learning between what the industry is going through and what the students are being taught.”

    Mobile journalism is growing increasingly around the world. In Fiji this is particularly evident, with large newsrooms entertaining the concept of a single reporter taking on multiple roles.

    Fijian Media Association’s vice-president and Fiji Times editor-in-chief Fred Wesley says one example of the changing landscape is that the Times is now providing all its journalists with mobile phones.

    “While there is still a photography department, things are slowly moving towards multimedia journalists.”

    Wesley says when no photographers are available to cover a story with a reporter, the journalists create their own images with their mobile phones.

    Journalists working in the Fiji Times newsroom, which is among the last few remaining news organisations in Fiji to have a dedicated photography department. Image: Catrin Gardiner, Queensland University of Technology

    The Fiji Broadcasting Corporation (FBC) also encourages journalists to take part in all types of media including, online, radio, and television, even advertising for multimedia journalists. This highlights the global shift of replacing two-person teams in newsrooms.

    Nevertheless, the transition to multimedia journalists is not as positive as commonly thought. Complaints against multimedia journalism come from journalists who receive additional tasks, leading to an increase in workload.

    FBC advertises for multimedia journalists, reflecting the new standard in newsrooms. Image: FBC TV/Facebook/QUT

    Preference for print
    Former print journalist turned multimedia journalist at FBC, Litia Cava says she prefers focusing on just print.

    She worked a lot less when she was just working in a newspaper, she says.

    “When I worked for the paper, I would start at one,” she says. “But here I start working when I walk in.”

    Executives at major Fijian news companies, such as Fiji TV’s director of news, current affairs and sports, Felix Chaudhary, also complain about the lack of equipment in their newsrooms to support this wave of multimedia journalism.

    “The biggest challenge is the lack of equipment and training,” Chaudhary says.

    Fiji TV is doing everything it can to catch up to world standards and provide journalists with the best equipment and training to prepare them for the transition from traditional to multimedia journalism.

    “We receive a lot of assistance from PACMAS and Internews,” Chaudhary says. “However, we are constantly looking for more training opportunities. The world is already moving towards that, and we just have to follow suit or get left behind.”

    More confidence
    Fortunately for young Fijian journalists, Islands Business managing editor Samantha Magick says a lot of younger journalists are more confident to go out and produce and write their own stories.

    “It’s the education now,” she says. “All the journalists coming through are multimedia, so not as challenging for them.”

    University of South Pacific student journalist Brittany Louise says the practical learning of all the different media in her journalism course will be beneficial for her future.

    “I think that’s a major plus,” she says. “You already have some sort of skills so it helps you with whatever different equipment it may be.”

    Catrin Gardiner was a student journalist from the Queensland University of Technology who travelled to Fiji with the support of the Australian government’s New Colombo Plan Mobility Programme. This article is published in a partnership of QUT with Asia Pacific Report, Asia Pacific Media Network (APMN) and The University of the South Pacific.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Russia: The team of the Faculty of Information Technologies of NSU won the final of KubanCTF 2024

    Translation. Region: Russian Federation –

    Source: Novosibirsk State University – Novosibirsk State University – From October 24 to 25, the International Conference on Information Security “Kuban CSC 2024” and the competition in practical information security “Kuban CTF 2024” were held in Sirius on the territory of the Imeretinsky resort. Team Faculty of Information Technology NSU won the final of the practical information security competition. A total of 16 teams from all over Russia participated in the final.

    The team from NSU included:

    Roman Lebedev, senior lecturer at the Department of Computer Systems, FIT NSU; Vladimir Sitnov, postgraduate student, assistant at the Department of Computer Systems, FIT NSU; Vladislav Nikiforov, master’s student at FIT NSU.

    The Olympiad was held in two stages – a semi-final and a final. The stages were traditional Jeopardy (quiz) and Attack-Defense (CTF competition format, in which teams receive identical servers with a set of vulnerable services, to which the jury periodically sends private information – flags) competitions.

    — There are not many CTF competitions in Russia that are accessible not only to students, so we decided to take part. We were also attracted by the location of the event. In addition, it was an opportunity for us to get together as a team. The main thing we managed to learn was that the Kuban CTF 2024 final had a very good level of execution. We can recommend these competitions to our student teams in the future. Personally, I am pleased with the performance. Not only did we win, but we also had a good time, — Roman Lebedev shared his emotions.

    Such competitions are primarily good because they give participants the opportunity to test their knowledge and apply it in practice.

    Congratulations to the winners!

    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: SITI commences visit to Canada (with photos)

    Source: Hong Kong Government special administrative region

         The Secretary for Innovation, Technology and Industry, Professor Sun Dong, began his visit to Toronto, Canada, on November 4 (Toronto time).

         In the morning, Professor Sun visited MaRS Discovery District, an innovation hub, and met with its Chief Executive Officer, Mrs Alison Nankivell, to receive a briefing on the hub’s successful experience in nurturing an innovation and technology (I&T) ecosystem. Located close to major universities and hospitals in downtown Toronto, MaRS focuses on nourishing deep technology industries including clean technology and life science. As the largest urban innovation centre in North America, MaRS Discovery District supports 1 200 enterprises and renders direct assistance to enterprises in the hub with a view to building communities of innovators and promoting the adoption of new solutions.

         Professor Sun then visited the University of Toronto, and toured the Centre for Analytics & Artificial Intelligence Engineering of the Faculty of Applied Science and Engineering of the University. Professor Sun met with the Dean of the Faculty, Professor Christopher Yip, and the Acting Associate Vice-President International Partnerships, Professor David Wolfe, and was briefed on the latest developments and research and development (R&D) achievements of the Centre. The Centre brings together universities and industries to translate the latest advances of artificial intelligence and data analytics into technologies in areas ranging from advanced manufacturing to human health. Its team also delivers ongoing guidance for advanced analytics projects in industry settings. Professor Sun encouraged the University to co-operate with universities in Hong Kong to participate in the InnoHK research clusters to strengthen global R&D collaboration.

         In the afternoon, Professor Sun visited a start-up that provides storage and delivery services in North America. The start-up adopts a smart platform that automatically processes orders and updates inventory levels in real time. It also utilises robotic shuttles to manage inventories automatically, thereby reducing the overall cost for logistics and delivery services.

         Professor Sun attended a networking dinner organised by the Hong Kong-Canada Business Association (Toronto Chapter) in the evening, and had an exchange with Hong Kong young people studying and working in Toronto to learn more about their study and work lives in Canada. Professor Sun shared with them Hong Kong’s efforts to develop as an international I&T centre and build an international hub for high-calibre talent. He noted that it is of paramount importance to enlarge the talent pool for the I&T development in Hong Kong, adding that the city is an ideal destination for young people to develop their careers and that Hong Kong youngsters are encouraged to seize the myriad opportunities there.

         Professor Sun will proceed to Ottawa and continue his visit on November 5 (Ottawa time).                  

    MIL OSI Asia Pacific News

  • MIL-OSI Economics: RBI to conduct 2-day Variable Rate Reverse Repo (VRRR) auction under LAF on November 05, 2024

    Source: Reserve Bank of India

    On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on November 05, 2024, Tuesday, as under:

    Sl. No. Notified Amount
    (₹ crore)
    Tenor
    (day)
    Window Timing Date of Reversal
    1 1,25,000 2 10:30 AM to 11:00 AM November 07, 2024
    (Thursday)

    2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1429

    MIL OSI Economics

  • MIL-OSI USA: 11.04.2024 ICYMI: Cruz, Cloud, Gerdes Denounce Biden-Harris Administration After Twice-Deported Illegal Alien Killed a Texan in Bastrop County

    US Senate News:

    Source: United States Senator for Texas Ted Cruz
    WASHINGTON, D.C. – U.S. Sen. Ted Cruz (R-Texas), member of the Senate Judiciary Committee and Ranking Member of the Subcommittee on the Constitution, Rep. Michael Cloud (R-Texas-27), and Texas State Rep. Stan Gerdes (R-HD-17) condemned the Biden-Harris administration after a Texan from Bastrop County was killed by an illegal alien drunk driver. The suspect had previously been deported twice, once by the Obama administration and again by the Trump administration, but was able to illegally re-enter the country under the Biden-Harris administration, which is now responsible for yet another preventable tragedy.
    Following the preventable tragedy, Sen. Cruz said, “Yet another Texan is dead directly because of the Biden-Harris border crisis. Texans deserve answers about why this illegal alien was allowed back into our country after being deported twice. This crime was both infuriating and avoidable, but the Biden-Harris administration has made a cynical decision to keep the border open for political purposes. The resulting crimes are avoidable, infuriating, and unacceptable.”
    Rep. Cloud said, “Another family’s worst nightmare has come to pass, and it’s directly because of the Biden-Harris Administration’s reckless, open-border policies. Their refusal to enforce our immigration laws has taken another innocent life. How many American citizens have to be killed by illegal immigrants before Joe Biden and Kamala Harris decide to act?”
    Rep. Gerdes said, “What happened to Grayson Davis and his grieving family was completely avoidable. Our entire community is heartbroken. The failure of the Biden-Harris administration on our southern border has cost countless lives. While Senator Cruz and Congressman Cloud carry on the fight at the federal level, I will be filing legislation this coming session, ‘Grayson’s Law,’ that addresses illegal immigrant crime at the state level.”

    MIL OSI USA News

  • MIL-OSI USA: IAM Union Workers At Boeing Achieve Contract Victory to Set New Standards For Aerospace Industry

    Source: US GOIAM Union

    Industry-leading contract approved by majority worker vote will deliver 43.65% compounded wage increase

    On behalf of Biden-Harris administration, U.S. Secretary of Labor Julie Su played key role in helping the employer and workers reach groundbreaking agreement that will protect access and pathways to the middle class for thousands of frontline workers

    SEATTLE – 33,000 frontline workers at Boeing, members of International Association of Machinists and Aerospace Workers (IAM) Districts 751 and W24 voted to ratify a new union contract with the company that has instantly set a new standard for compensation and wages for aerospace industry workers. 

    The deal followed a vigorous strike lasting nearly two months by the workers in Washington state, Oregon and California that made international headlines and drew widespread public support and bipartisan political support. 

    The new contract includes a 43.65% compounded wage increase – 38% before compounding – over the four-year life of the contract. In recent weeks, acting U.S. Secretary of Labor Julie Su worked on behalf of the Biden-Harris administration to help restart and reach a positive resolution to negotiations that had previously stalled.

    Jon Holden, President of IAM District 751 and Brandon Bryant, President of IAM District W24, issued the following joint statement following the votes being tallied: 

    “Working people know what it’s like when a company overreaches and takes away more than is fair. Through this strike and the resulting victory, frontline workers at Boeing have done their part to begin rebalancing the scales in favor of the middle class – and in doing so, we hope to inspire other workers in our industry and beyond to continue standing up for justice at work. Through this victory and the strike that made it possible, IAM members have taken a stand for respect and fair wages in the workplace. Our members perform high quality and flight critical work for the airplanes we build and deserve a return on their labor investment that provides for the quality of life worthy of that labor.

    “This contract also creates a new foundation to build on for the future and that future begins today. We are ready to help Boeing change direction and return to building the highest quality and safest airplanes in the world. Our members are critical to that mission, and now have a stronger voice in the decision making process to ensure those needed improvements are made. ‘There is no Boeing without the IAM’ has been our battle cry, and we are ready, again, to do our part to bring this company back to the standard that it never should have strayed from.

    “Livable wages and benefits that can support a family are essential – not optional – and this strike underscored that reality. This contract will have a positive and generational impact on the lives of workers at Boeing and their families. We hope these gains inspire other workers to organize and join a union. Frontline Boeing workers have used their voices, their collective power, and their solidarity to do what is right, to stand up for what is fair – and to win.”

    Brian Bryant, IAM International President, issued the following statement: 

    “This agreement represents a new standard in the aerospace industry – one that sends a clear statement that aerospace jobs must be middle class careers in which workers can thrive. Workers in the aerospace industry, led by the IAM — the most powerful aerospace union in the world — will not settle for anything less than the respect and family-sustaining wages and benefits they need and deserve. This agreement reflects the positive results of workers sticking together, participating in workplace democracy, and demonstrating solidarity with each other and with the community during a necessary and effective strike. 

    “Nearly every worker in America knows what it’s like for a company to take too much and give too little. A contract like this sends an inspiring message to all workers in the United States who are seeking to join unions or who have been shortchanged by their employer. We remain very thankful to Acting U.S. Labor Secretary Julie Su, who on behalf of the Biden-Harris administration helped to bring the employer and the members together for productive talks to reach this agreement.”

    Highlights of the latest tentative agreement approved Monday night by the union members include:

    • 38% general wage increase over four years – 13%, 9%, 9%, 7% which compounds to 43.65% over the life of the agreement 
    • $12,000 Ratification Bonus: The ratification bonus combines the previous $7,000 ratification bonus and the $5,000 lump sum into the 401(k). Now, union members can choose how this total amount is received – in their paycheck, contribution to 401(k), or a combination of both.
    • AMPP incentive plan is reinstated, with a guaranteed minimum annual payout of 4%, including 2024 payout in February 2025
    • 401(k) employer match of 100% up to 8%
    • Special company retirement contribution of 4% into 401(k) maintained
    • $105 pension multiplier per year for those vested in the pension plan
    • Call-in language back to current contract
    • New long-term disability plan and big improvement to short term disability plan
    • Health care cost containment
    • Improved overtime rules
    • Key job security provisions
    • Increased Minimum Rates that now increase with COLA increases. 

    Further details of the negotiated resolution can be found at iam751.org/2024StrikeProposal

    “For many frontline Boeing workers in the IAM Union, the terms of this contract will be life-changing,” said IAM Western Territory General Vice President Gary R. Allen. “It’s the most significant upgrade we’ve had to our collective bargaining agreement in a decade – and it will prove to be an example for the rest of the industry to live up to. Their strike was a great example of workers standing up for not just themselves, but also their families and communities.”

    “Our members went on strike for better wages and better working conditions – and they won by staying united and exercising democracy in the workplace,” said IAM Resident General Vice President Jody Bennett. “They hit the streets, held strong, and have been rewarded with an excellent contract. These provisions are not just deserved by this dedicated frontline workforce — they are also overdue. This will set a new standard for aerospace across the region, the nation, and the industry.”

    The International Association of Machinists and Aerospace Workers (IAM) is one of North America’s largest and most diverse industrial trade unions, representing approximately 600,000 active and retired members in the aerospace, defense, airlines, railroad, transit, healthcare, automotive, and other industries. 

    goIAM.org | @MachinistsUnion

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    MIL OSI USA News

  • MIL-OSI USA: SPC Nov 5, 2024 0100 UTC Day 1 Convective Outlook

    Source: US National Oceanic and Atmospheric Administration

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    Nov 5, 2024 0100 UTC Day 1 Convective Outlook

    Updated: Tue Nov 5 00:36:31 UTC 2024 (Print Version |   |  )

    Probabilistic to Categorical Outlook Conversion Table

     Forecast Discussion

    SPC AC 050036

    Day 1 Convective Outlook
    NWS Storm Prediction Center Norman OK
    0636 PM CST Mon Nov 04 2024

    Valid 050100Z – 051200Z

    …THERE IS AN ENHANCED RISK OF SEVERE THUNDERSTORMS FROM NORTHEAST
    TEXAS INTO SOUTHWEST MISSOURI…

    …SUMMARY…
    Tornadoes (some strong), some hail, and severe thunderstorm gusts,
    remain possible tonight from portions of eastern Texas into the
    Ozarks and mid Mississippi Valley.

    …01z Update…

    Well-defined mid-level circulation is currently located along the
    TX/NM border, just west of AMA. This feature will begin to open up a
    bit as it ejects into the central Plains. 100kt 500mb speed max is
    forecast to translate into eastern KS by the end of the period and
    this should encourage the surface low to track north-northeast into
    southern IA by 05/12z. This evolution suggests the greatest
    large-scale forcing will spread across northern portions of the risk
    area overnight. Latest radar data supports this with an elongated
    band of broken line segments/cells extending from central MO-western
    AR-central TX. Over the last several hours the greatest
    concentration of supercells has been noted from extreme northeast
    TX-northwest AR-southwest MO. This remains the primary area of
    concern this evening as this activity is colocated within the main
    instability axis, and is strongly sheared. Tornadoes remain a
    concern, especially with more discrete supercells, and damaging
    winds may also be noted. Otherwise, large hail threat appears to be
    diminishing a bit. With time, strong convection should gradually
    spread northeast as the mid-level speed max/short wave approaches
    the lower MO Valley.

    ..Darrow.. 11/05/2024

    CLICK TO GET WUUS01 PTSDY1 PRODUCT

    .html”>Latest Day 2 Outlook/Today’s Outlooks/Forecast Products/Home

    MIL OSI USA News

  • MIL-OSI USA: SPC – No MDs are in effect as of Tue Nov 5 05:05:02 UTC 2024

    Source: US National Oceanic and Atmospheric Administration

    Current Mesoscale DiscussionsUpdated:  Tue Nov 5 05:15:03 UTC 2024 No Mesoscale Discussions are currently in effect.

    Notice:  The responsibility for Heavy Rain Mesoscale Discussions has been transferred to the Weather Prediction Center (WPC) on April 9, 2013. Click here for the Service Change Notice.
    Archived Convective ProductsTo view convective products for a previous day, type in the date you wish to retrieve (e.g. 20040529 for May 29, 2004). Data available since January 1, 2004.

    MIL OSI USA News

  • MIL-OSI USA: SPC – No watches are valid as of Tue Nov 5 05:05:02 UTC 2024

    Source: US National Oceanic and Atmospheric Administration

    Current Convective Watches (View What is a Watch? clip)Updated:  Tue Nov 5 05:16:06 UTC 2024 No watches are currently valid

    Archived Convective ProductsTo view convective products for a previous day, type in the date you wish to retrieve (e.g. 20040529 for May 29, 2004). Data available since January 1, 2004.

    MIL OSI USA News

  • MIL-OSI Australia: New drowning prevention technology to help save lives

    Source: Government of Western Australia

    Drowning prevention technology is set to help accelerate lifeguard response times at Wanneroo Aquamotion.

    The Lynxight system uses artificial intelligence to monitor movement in the water through CCTV cameras, enabling lifeguards to respond more quickly to potential drownings thanks to alerts sent to their smartwatches.

    Aquamotion will be the second facility in WA to use the cutting-edge technology to combat blind spots caused by water glare, crowds, water surface disturbance and line of sight issues.

    Mayor Linda Aitken said the technology would arm our hardworking lifeguards with new tools to keep pool users safe.

    “Last year, Aquamotion attracted 371,000 visits, and with 2024 on track to be even busier, we are always looking for innovations in safety management,” she said.

    “This technology will be extra eyes in the water at Aquamotion’s four pools, helping prevent drowning incidents and reduce the risk of serious injuries.

    “It’s exciting to take another step forward in our Smart City journey and harness this technology to enhance safety for our community.”

    Royal Life Saving Australia’s General Manager Capability and Industry, RJ Houston, said data from AI-enhanced safety technologies could be applied to elevate existing practices and address challenges, making Australian aquatic facilities safer for everyone.

    “While lifeguards play critical prevention and rescue roles, supervision in public swimming pools can be challenging,” he said.

    “The potential of combining lifeguard expertise with enhanced technological approaches in coming years is exciting.”

    According to Royal Life Saving Australia, in 2023 there were six drowning deaths, 18 non-fatal drowning incidents and more than 7,800 rescues in public swimming pools across the country.

    MIL OSI News

  • MIL-OSI Economics: Affirm needs strategic positioning amid regulatory shifts in the crowded UK BNPL market, says GlobalData

    Source: GlobalData

    Affirm needs strategic positioning amid regulatory shifts in the crowded UK BNPL market, says GlobalData

    Posted in Banking

    Following the news that the US-based buy now pay later (BNPL) startup Affirm has entered the UK market;

    Phoebe Hodgson, Associate Analyst, Banking and Payments at GlobalData, offers her view:

    “The BNPL market in the UK is becoming increasingly saturated. According to GlobalData’s 2024 Financial Services Consumer Survey*, only 21% of respondents in the UK have used an online BNPL service while buying goods and services. This limited adoption, coupled with an already concentrated market, where 75% of the UK market is held by five BNPL providers, suggests Affirm may find it challenging to position itself among the well-established competitors like Klarna, PayPal and Zilch.

    “Affirm’s unique selling points, such as extended loan periods and strategic partnerships, could help distinguish it, but it will have to overcome significant obstacles. One of the biggest hurdles is the evolving regulatory environment. The UK government seeks to regulate the BNPL product further, treating it as if it were a credit product, subjecting them to stricter consumer protections and potentially reducing the appeal for BNPL for both providers and consumers alike. Soon to be under stricter regulations, Affirm must work under pressure to assert itself among the UK customers, who are more cautious of debt amid high living costs and economic uncertainty. Furthermore, with competitors already moving towards innovative product extensions, and compliance initiatives, Affirm’s market entry may need to be more than just a product push – it must be a strategic positioning exercise to resonate with cautious UK consumers.”

    *Global survey conducted online in Q2 2024 among 67,292 consumers across 41 markets globally. The survey explores global consumer behaviors, purchasing preferences, and attitudes across the most important banking products. The UK’s sample is 5,003.

    MIL OSI Economics

  • MIL-OSI Economics: Smartphone launches by US carriers drive intense promotional battle in Q3 2024, observes GlobalData

    Source: GlobalData

    Smartphone launches by US carriers drive intense promotional battle in Q3 2024, observes GlobalData

    Posted in Technology

    The launch of flagship mobile devices by Apple, Samsung Electronics, and Google sparked intense promotional competition among the US carriers during the third quarter (Q3) of 2024. Telecom giants targeted both new and existing customers with aggressive preorder trade-in offers, switcher deals, and new line promotions aimed at upgraders, seeking to capitalize on demand for high-end smartphones and drive customer retention, according to GlobalData, a leading data and analytics company.

    Deepa Karthikeyan, Senior Technology Analyst at GlobalData, comments: “July to September typically marks a pivotal period in the US handset promotions in preparation for the holiday season.”

    GlobalData’s latest US Handset Promotions report reveals that preorder promotions on flagship devices including Apple’s iPhone 16 series, Samsung’s Galaxy Z Flip6, Galaxy Z Fold6, Google’s Pixel 9 series and the Motorola Razr series made up 16% of the total offers count during Q3 2024.

    The key telcos competed against each other to win upgrade customers potentially looking for deals on the next best smartphone model. Attractive trade in offers featuring up to $1900 off high value flagship devices such as the Galaxy Z Flip6 and Z Fold6 dominated the landscape in Q3.

    Karthikeyan explains: “The slew of flagship device launches provided the carriers’ with an opportunity to attract users to their high-end plans and services, increasing their premium userbase and tackling churn with device financing clauses that consumers must honor to remain eligible for the discounted device prices.”

    GlobalData reveals that there were 188 carrier sponsored promotions for the iPhone 16 series, 76 for the Galaxy Z Fold6 and Z Flip6 and 93 for the Pixel 9 series devices. T-Mobile offered the highest number of promotions for these devices among all carriers tracked, featuring a mix of trade-in, upgrade/trade-in, and new line promotions offering users up to $1,100 off the cost of the device.

    Karthikeyan concludes: “All carriers launched promotions with comparable value and terms for both new and existing customers, underscoring their dedication to customer retention as well as to acquire new clientele. However, there has been a greater prevalence of promotions for new lines on Pixel devices compared to trade-in or upgrade offers. This trend suggests that carriers are actively promoting the Pixel series to attract new users.”

    MIL OSI Economics

  • MIL-OSI Economics: US still faces systemic issues in maternal care despite access to advanced medical technology, says GlobalData

    Source: GlobalData

    US still faces systemic issues in maternal care despite access to advanced medical technology, says GlobalData

    Posted in Medical Devices

    Women’s health, specifically maternal care, is a medical device sector that has seen significant growth in recent years. However, there are still several challenges associated with the sector, especially in the US. The US ranks worse than any other developed nation in cases of maternal mortality, despite having access to the most advanced medical technology, says GlobalData, a leading data and analytics company.

    Toronto’s Medtech Conference 2024, held from October 15–17, hosted a panel discussion with industry experts on the topic of maternal health and the challenges facing the industry in the US. These include a lack of access to caregivers across the country, even in major metropolitan areas such as Washington, DC, hospital closures, and low funding. Additionally, experts highlighted that women in America still suffer from low access to maternal health medical technologies that could improve their health outcomes.

    American women face obstacles to care such as low income, difficulty taking time off work, and location, all of which can impact their ability to access quality maternal care. Additionally, the US has a lower level of health awareness than other countries, especially regarding maternal health. All these factors have led to care being more reactive than proactive for mothers. The experts present at these panels agreed that maternal care should be significantly more patient-centered than it currently is.

    David Beauchamp, Medical Analyst at GlobalData, comments: “Maternal care is an incredibly important part of modern healthcare. Unfortunately, the US lags behind other developed countries in terms of the standard of care. A major problem in the US is the lack of patient-centered care and a focus on reactive instead of proactive care. Experts at the Medtech Conference have identified several problems with the existing options for care in the US and have suggested that focusing on the patient during maternal care could solve or improve many of these problems.”

    GlobalData’s databases tracks 399 products within the reproductive and maternal health sector that are currently available on the market. A further 43 are in various stages of development globally. These devices have seen significant success in addressing demand for treatments for conditions such as postpartum hemorrhage and other complications relating to delivery.  However, the market is significantly smaller than other medical device markets, likely due to the factors listed above and the general lack of funding.

    Beauchamp concludes: “Maternal care is an incredibly important part of women’s health, and ensuring that women have access to this kind of care is vital to reduce maternal mortality. If the problems mentioned above are solved, it is possible the US will see a significant decrease in maternal mortality and an improved standard of care for mothers.”

    MIL OSI Economics

  • MIL-OSI Economics: Eco-friendly formulations and sustainable packaging drive Asia laundry detergent market, reveals GlobalData

    Source: GlobalData

    Eco-friendly formulations and sustainable packaging drive Asia laundry detergent market, reveals GlobalData

    Posted in Consumer

    Rising environmental awareness among the Asia-Pacific (APAC) consumers is fueling demand for eco-friendly laundry detergents, as buyers increasingly prefer products with sustainable packaging and chemical-free, biodegradable formulations. A growing aversion to traditional chemical-based detergents, due to their adverse effects on ecosystems and marine life, is accelerating this shift, making sustainability a crucial factor in laundry detergent purchasing decisions across the region, says GlobalData, a leading data and analytics company.

    Naveed Khan, Consumer Analyst at GlobalData, comments: “Eco-friendly detergent formulations with ingredients such as plant extracts, essential oils, enzymes, and natural preservatives are becoming increasingly popular. These ingredients are perceived by consumers to have low to no environmental impact, throughout the product lifecycle from production till disposal.”

    GlobalData 2024 Q3 Consumer Survey* corroborates this trend, where 80% of the consumers in Asia & Australasia regard “sustainable/environmentally friendly” attributes in product purchases as either essential or nice to have. In the same survey, 79% consider the same for “recyclable packaging” tags.

    In response, detergent manufacturers are making their production process sustainable and ecologically friendly to attract consumers. For instance, in Malaysia, Ouji Seiyaku introduced a detergent liquid under its Fab Zero brand name. According to the company, the product is biodegradable and contains plant-derived ingredients such as alkyl glycoside from corn fermentation extract. Similarly, in Singapore, Watson’s Personal Care Stores launched Orita-branded laundry detergent with 97% biodegradable ingredients, which includes coconut oil.

    Deepak Nautiyal, Consumer and Retail Commercial Director, APAC and ME at GlobalData, adds: “Consumers seek environmentally friendly packaging as concerns about increasing packaging wastes, which end up in landfills and oceans, polluting the region’s land, water, and air, mounts. Thus, packaging features such as zero plastic packaging, 100% recyclable packaging, and biodegradable packaging are increasingly offered by manufacturers to capitalize on the growing consumer concerns.”

    In line with this, in Malaysia, sustainable detergent brand, The Laundry Pods, introduced its line of bio-enzyme laundry pods with plastic-free packaging. Similarly, in Singapore, Bio-Home branded Laundry Sheet Detergent with completely dissolvable detergent sheets packed in paperboard box was awarded the WorldStar Award at the 2024 Singapore Packaging Star Awards.

    Khan concludes: “Increasing consumer demand for sustainable and ecologically safe options will create new growth opportunities for manufacturers to improve their shares. However, incorporating sustainable aspects, ingredients, and materials in the production process will require more investments. Thereby striking the right balance between increasing production costs and keeping prices competitive while compromising on margins will be challenging for manufacturers.”

    *GlobalData 2024 Q3 Consumer Survey – Asia & Australasia, published in October 2024, included 6,131 respondents

    MIL OSI Economics

  • MIL-Evening Report: Donald Trump ‘unfit to lead’ – vote for Harris, warns New York Times

    Pacific Media Watch

    The editorial board of The New York Times has demolished Donald Trump in a single paragraph calling on readers to vote for Vice-President Kamala Harris in today’s US elections.

    The editorial, published on Saturday, was only the Times’ latest attack on the former president in the run-up to the election, but the searing indictment was all the more brutal for its brevity.

    The 10-line editorial simply said:

    “You already know Donald Trump. He is unfit to lead. Watch him. Listen to those who know him best. He tried to subvert an election and remains a threat to democracy. He helped overturn Roe, with terrible consequences. Mr. Trump’s corruption and lawlessness go beyond elections: It’s his whole ethos. He lies without limit. If he’s re-elected, the G.O.P. won’t restrain him. Mr. Trump will use the government to go after opponents. He will pursue a cruel policy of mass deportations. He will wreak havoc on the poor, the middle class and employers. Another Trump term will damage the climate, shatter alliances and strengthen autocrats. Americans should demand better. Vote.”

    The dismissal of Trump by The Times was in contrast to two other major US newspapers, both owned by billionaires — The Washington Post and the LA Times — which last month controversially refused to make an editorial call.

    “You already know Donald Trump. He is unfit to lead.” The brief editorial in The New York Times on Saturday, Image: NYT screenshot APR

    MIL OSI AnalysisEveningReport.nz