Category: KB

  • MIL-OSI China: Global forum celebrates Hehe Culture in historic city

    Source: China State Council Information Office 2

    The 2024 Global Forum on Hehe Culture is held in Taizhou, eastern China’s Zhejiang province, on Nov. 2, 2024. [Photo/China.org.cn]
    The 2024 Global Forum on Hehe Culture convened Saturday in Taizhou, an eastern Chinese city in Zhejiang province, where this philosophy originated.
    The forum, themed “Hehe Culture and New Model for Human Progress,” brought together participants from home and abroad, including politicians, think tank experts, and youth leaders.
    The ancient Chinese concept of Hehe Culture represents dual meanings of harmony: The first “He” symbolizes peace and balance, while the second represents unity and cooperation, according to “Keywords to Understand Hehe Culture,” a book released at a previous session of the Global Forum on Hehe Culture.
    Zhu Yongxin, vice chairperson of the National Committee of the Chinese People’s Political Consultative Conference and executive vice chairperson of the Central Committee of the China Association for Promoting Democracy, delivered a speech at the opening ceremony of the forum.
    In his address, Zhu emphasized the importance of promoting Chinese culture while maintaining a people-centered approach. He called for strengthening cultural confidence, deepening cultural exchanges and promoting the progress of civilizations. He also advocated adhering to the philosophy of harmony and unity, and promoting the building of a global community of shared future.
    Wang Wenxu, a member of the Standing Committee of the Zhejiang Provincial Committee of the Communist Party of China (CPC), said in a speech that while Hehe Culture originates in China, it belongs to the world. Amid the ongoing transformations unseen in a century, Hehe should serve as an approach to addressing issues such as development imbalances, governance challenges, and geopolitical conflicts.
    “We must look to Hehe as a philosophy facilitating inclusive cultural exchange, a way of pursuing mutual benefits for all countries and parties, and a solution to global security and governance challenges,” he highlighted.
    Essam Sharaf, former prime minister of Egypt and winner of the inaugural Orchid Awards, delivered a speech at the forum. He expounded on the concept of a global community of shared future, saying that “[it] means all countries have equal sovereignty – none can intervene in the internal affairs of others; that countries should jointly manage global affairs democratically, rather than through the dictates of the most powerful states; that countries should engage in ‘win-win cooperation’ to ‘build a world of common prosperity.’”
    “Hehe Culture can play an important role in guiding the efforts aiming at building a community of a shared future where everyone can enjoy a prosperous future,” he added.
    Yu Tao, vice president of China International Communications Group (CICG), also shared his insights in a speech. He said Hehe Culture is one of the valuable assets of Chinese wisdom and a shared achievement of global civilization. With its enduring relevance, Hehe Culture has gained renewed vitality. It fosters strength for safeguarding peace and stability, advancing cooperation and promoting mutual learning among civilizations.
    “Looking to the future, we should advocate peaceful coexistence to develop a new global security perspective grounded in mutual respect and dialogue, promote win-win cooperation to build open, inclusive, and universally beneficial dynamics for global development, and encourage diversity and harmony to create a vibrant, mutually enriching global civilization,” Yu said.
    Li Yueqi, secretary of the CPC Taizhou Municipal Committee, echoed the idea that Hehe Culture is a brilliant gem within the tapestry of traditional Chinese culture. It is woven into the daily lives of Taizhou people and permeates all aspects of the city’s development, serving as an important foundation of its cultural identity.
    In his speech, Li expressed hope that the forum would foster deeper and broader cooperation and exchange regarding Hehe Culture.
    The event featured five parallel sessions that addressed sister city partnerships, Sinology studies, youth programs, academic research, and family traditions.
    Forum organizers named new cultural ambassadors and launched an initiative to strengthen ties among sister cities. Officials also unveiled a new collection of poems titled “Cold Hill’s Poetry.”
    In addition, participants toured local historic sites showcasing Hehe Culture heritage.
    The forum, established in 2021, has emerged as a significant platform for international cultural dialogue.

    MIL OSI China News

  • MIL-OSI China: China’s commerce minister urges active role from France in reaching EV trade solution

    Source: China State Council Information Office 3

    China’s Commerce Minister Wang Wentao has called on France, as a key European Union (EU) member, to play an active role in pushing the European Commission to show sincerity and meet the Chinese side halfway to secure a solution concerning the EU’s anti-subsidy probe into Chinese electric vehicles (EVs).

    Wang made the remarks during a meeting with French Minister Delegate for Foreign Trade and French Nationals Abroad, attached to the Minister for Europe and Foreign Affairs, Sophie Primas, in Shanghai on Sunday, according to the Ministry of Commerce. Wang and Primas met ahead of the seventh China International Import Expo (CIIE), which starts this week.

    The EU’s anti-subsidy probe into China-made EVs has severely hindered cooperation between EU and Chinese auto industries, currently a critical concern for industries on both sides, Wang said, noting that technical teams from China and the EU are presently engaged in a second round of consultations.

    Wang reiterated China’s commitment to addressing China-EU trade friction through dialogue and consultation — based on respect for facts and compliance with WTO rules.

    Wang said that unlike the EU’s anti-subsidy probe initiated without industry applications, China’s trade remedy investigations targeting certain EU goods, such as brandy, pork and dairy products, were launched at the request of domestic industries in full compliance with WTO rules and Chinese laws and regulations.

    He stressed that China would continue to handle these investigations in accordance with laws and regulations, safeguard the legal rights of enterprises from EU member states, including France, and base its rulings on evidence and facts.

    China is ready to work with the European Commission to seek a proper solution in this respect, Wang added.

    Noting that this year marks the 60th anniversary of the establishment of China-France diplomatic relations, with France featuring as a guest country of honor at the CIIE again, Wang said that over 100 French companies are set to participate in the expo this year — the highest number among EU countries, highlighting French companies’ strong interest in the Chinese market.

    Primas affirmed France’s firm commitment to deepening economic and trade relations with China and expressed her pleasure at France’s role as a guest country of honor at the expo again this year.

    With agricultural and food products being vital elements of France’s trade with China, she conveyed France’s significant concern over China’s investigations aimed at EU products, including brandy.

    France does not wish to see further escalation of current EU-China trade tensions and hopes both sides will resolve trade disputes through consultation, Primas said.

    MIL OSI China News

  • MIL-OSI China: China’s Shenzhou-18 astronauts return to Earth

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

    Another awe-inspiring moment in space exploration! China’s Shenzhou-18 crew has safely returned, touching down just hours ago. Join Xinhua’s on-site correspondent for an unforgettable night as the astronaut trio comes home and a new chapter in space exploration begins.

    MIL OSI China News

  • MIL-OSI Asia-Pac: HK a unique gateway: SJ

    Source: Hong Kong Information Services

    Secretary for Justice Paul Lam

    The Hong Kong Legal Week is an annual flagship event of the Department of Justice. Since its inception in 2019, the Hong Kong Legal Week has served as a dynamic forum where legal professionals, scholars, judges and experts come together to discuss critical legal issues that resonate not only within Hong Kong but (also) throughout the wider Asia-Pacific region and beyond.

    The theme of this year is “Hong Kong Common Law System: World-Class Springboard to China & Beyond”. It emphasises Hong Kong’s unique role as a gateway between China, the Asia Pacific and the world. Under the “one country, two systems” principle, Hong Kong is the only common law jurisdiction within China. Our strong legal foundation, coupled with our close ties with and support from the Mainland, positions us as a critical hub for legal and economic collaboration across the region and beyond.

    Private law summit

    We begin this week with today’s Asia-Pacific International Private Law Summit 2024. Building on the success of the inaugural summit in 2022, the Department of Justice once again partners with the International Institute for the Unification of Private Law (UNIDROIT) to organise this summit under the theme “Springboard to Opportunities: Utilising International Private Law & Technology to Facilitate Access to Credit, Investment, & Sustainable Development in the Asia-Pacific Region”.

    The Asia-Pacific region is home to enormous economic potential and encompasses a diverse array of legal systems. While this diversity enriches our legal and cultural landscape, it also introduces complexities and uncertainties for businesses navigating cross-border transactions. To unlock the region’s full economic potential and ensure long-term sustainable growth, harmonisation and modernisation of private law across the region is essential.

    Recognising this need, today’s summit gathers leading legal minds from across the Asia Pacific, together with experts from UNIDROIT, to explore how the unification and co-ordination of various areas of private law can support economic growth and facilitate smoother cross-border interactions throughout the region. We will be hearing from them on how international private law and emerging technologies can unlock new opportunities for sustainable economic growth across the region, and how Hong Kong may contribute in this regard.

    Collaboration with UNIDROIT

    In the past few years, the Department of Justice has closely collaborated with UNIDROIT to promote the development, implementation, and deeper understanding of private international law and international commercial law across the Asia-Pacific region.

    In addition to these collaborative efforts, we are grateful for UNIDROIT’s strong support to the Department of Justice’s secondment programme, offering Hong Kong’s legal professionals from both the public and private sectors the valuable opportunity to work at the UNIDROIT Secretariat in Rome. This experience not only deepens their expertise in international legal issues, but also bolsters Hong Kong’s capacity in foreign-related legal matters.

    I am very pleased to note that one of our former secondees will be moderating a panel later this morning, which testifies to the success of the secondment programme.

    Capacity building

    The secondment programme is one of the Department of Justice’s many policy initiatives providing professional development opportunities to our legal talents. To further strengthen Hong Kong’s position as a leading international legal and dispute resolution services centre in the Asia-Pacific region, the Department of Justice places great importance on nurturing legal talents with a global perspective and proficiency in foreign-related legal affairs. We are committed to establishing Hong Kong as a leading centre for capacity building in international law.

    As outlined in our Chief Executive’s 2023 and 2024 Policy Address, the Department of Justice is setting up the Hong Kong International Legal Talents Training Academy. The academy will regularly organise practical training courses, seminars, international exchange programmes and more to promote exchanges among talent in regions along the Belt & Road. It will also provide training for talent in the practice of foreign-related legal affairs for the country, and nurture legal talent conversant with international law, common law, civil law and the country’s legal system.

    A dedicated office and an expert committee have already been set up to facilitate the establishment of the academy. We are grateful to have Prof Tirado (International Institute for the Unification of Private Law Secretary-General) as a member of the expert committee, and I am pleased to see many of our committee members participating in today’s summit.

    To officially mark this new initiative, I am excited to announce that the launch ceremony for the academy will take place on the final day of the Hong Kong Legal Week. I warmly invite all of you to join us for this significant occasion.

    Other events

    I also warmly welcome you to participate in an array of other events this week. Tomorrow, we will have the Second Legal Forum on Interconnectivity & Development co-organised with the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the Hong Kong Special Administrative Region. At the legal forum, we are very pleased to have the General Counsel of the Asian Infrastructure Investment Bank deliver a keynote address on promoting good governance and high-quality development under international law. Legal experts will also share their insights on Hong Kong’s role in China’s institutional opening up, and rule of law as a risk management mechanism to safeguard sustainable development.

    On Wednesday, we will host events under the theme “Beyond Litigation: The Vibrant Landscape of Alternative Dispute Resolution of Hong Kong”. The day will explore three topical issues – the role of mediation in promoting a culture of mutual respect, harmony and inclusiveness, use of artificial intelligence in alternative dispute resolution, as well as the resolution of sports disputes. There will also be the 2024 Hong Kong Mediation Lecture in the evening, exploring the unique challenges and opportunities involved in the use of mediation in deals relating to natural resources.

    Thursday’s programme will focus on strengthening the rule of law in the Greater Bay Area. We will hear from experts on the proof of Hong Kong law and foreign law in the Mainland, the arrangement on mutual legal assistance in civil and commercial matters between the Mainland and Hong Kong, as well as legal services and juridical relations to facilitate and protect trade and social interactions between the Mainland and Hong Kong. The day will also feature a mock mediation session led by mediators from Mainland China, Hong Kong, and Macau, and a discussion on the Greater Bay Area mediation platform.

    On Friday, apart from the launching ceremony of the academy in the afternoon that I have just mentioned, we will explore how the rule of law in Hong Kong, together with different components of Hong Kong’s legal and judicial system, are essential to provide the best business environment from the perspectives of our legal services profession and our enterprises, and how our legal professionals can play an important role along the Belt & Road.

    Alongside this week’s discussions, we are also featuring a special exhibition on the achievements in the construction of the rule of law of the People’s Republic of China in the modern era, co-organised by the Ministry of Justice of China and the Department of Justice, in celebration of the 75th anniversary of the founding of People’s Republic of China. The exhibition highlights key milestones in China’s legal evolution, both domestically and in foreign-related areas, over the past 75 years.

    Conclusion

    Ladies and gentlemen, as we look ahead to the discussions that will follow, I hope today’s summit will inspire all of us to explore new ideas and opportunities. Let’s make the most of this moment to engage in meaningful exchanges and drive forward the future of international law.

    On this note, I wish today’s summit every success and extend my sincere appreciation to all of you for joining us, whether online or in person.

    Secretary for Justice Paul Lam gave these remarks at the Asia-Pacific International Private Law Summit 2024, part of Hong Kong Legal Week 2024, on November 4.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Property sales rise 52.4%

    Source: Hong Kong Information Services

    The Land Registry logged 5,857 sale and purchase agreements for all building units received for registration in October, up 52.4% compared with September and up 99.4% year-on-year.

    The total consideration for such agreements in September rose 50.6% from September, to $41.7 billion, representing a 43.6% year-on-year growth.

    Of the agreements, 4,697 were for residential units, amounting to a 64.9% increase from September and a 121.2% surge from a year ago.

    The total consideration for residential units was $37.3 billion, up 78.9% compared with September and up 52.2% year-on-year.

    There were 394,484 land register searches last month.

    MIL OSI Asia Pacific News

  • MIL-OSI Australia: Sydney Airport Traffic Performance July 2023

    Source: Sydney Airport

    Tuesday 4 November 2024

    In an Australian first, Sydney Airport and Melbourne Airport have joined forces to launch a public awareness campaign to fight human trafficking.  

    The country’s two largest international airports have partnered with anti-human trafficking organisation, A21, to run the “Can You See Me?” campaign, with guidance and input from the Australian Federal Police (AFP).  

    This initiative will educate people on how to recognise and report the signs of human trafficking.   

    From today, digital screens and billboards at both airports will display images and messages, stating that slavery still exists and urging people: “If you suspect it, report it.” QR codes also link to videos and information on how to identify and stop these crimes. Digital screens in key areas will display these messages, including check-in counters, gates and baggage carousels.  

    Combined, Sydney and Melbourne airports cater for 68% of Australia’s total international passenger traffic. While the “Can You See Me?” campaign runs over the next month, close to 7 million passengers are expected to pass through both the domestic and international terminals at the two airports.  

    A21 has rolled out this program in high-profile spaces worldwide—from Times Square billboards, screens at Heathrow Airport, train stations in Thailand to inflatable screens in vulnerable Cambodian communities—reaching an impressive 3.4 billion people globally.  

    Modern slavery is a growing issue in Australia, with the AFP receiving 382 reports in 2023/2024 financial year, a 12 per cent increase on the previous year. Cases include trafficking, forced marriage, sexual exploitation, domestic servitude, debt bondage, forced labour, deceptive recruitment and organ trafficking. The Global Slavery Index estimates 41,000 people in Australia live under conditions of modern slavery.  

    A united response to human trafficking  

    Scott Charlton, Sydney Airport CEO said: “Every person who steps through our airport deserves to travel safely, without fear of exploitation.”   

    “We deeply value the AFP’s dedication to catching and prosecuting traffickers and the A21 ‘Can You See Me?’ campaign will amplify their efforts by raising critical public awareness and support.  

    “Sydney Airport is proud to join forces with Melbourne Airport, united in our mission to tackle the scourge of modern slavery.”  

    Lorie Argus, Melbourne Airport CEO said: “This partnership goes beyond just airports—it’s about people’s lives.”  

    “By joining forces with Sydney Airport, the AFP, and A21, we’re taking a stand against modern slavery, a hidden crime that destroys people’s futures.  

    “Knowing that human trafficking is a real and daily threat, we feel a deep responsibility to protect our passengers.”  

    Acting Commander Human Exploitation Frank Rayner from the Australian Federal Police (AFP) said: “The increase in reported cases of human trafficking and slavery in Australia highlights the urgent need for action.”

    “Airports are key environments where traffickers seek to move victims across borders. It is important to remember that traffickers have many ways of controlling a person and a person can be exploited without physical restraint or abuse.

    “Engaging travellers and frontline airport staff to recognise the signs and report suspected cases will help disrupt these crimes and protect vulnerable people.”

    Nick Caine, A21 CEO, said: “Everyone has a role to play in the fight against human trafficking. Awareness is the first step, and we believe that through this campaign, more victims will be recognised and rescued.  

    “The ‘Can You See Me?’ campaign has already changed lives across the world, and we are grateful to Sydney and Melbourne airports for bringing this powerful message to Australia.”  

    Christian Elliott, Director of “Can You See Me?” said:  “As the director of the Can You See Me? campaign, I have witnessed firsthand the transformative power of awareness.”  

    “This initiative goes beyond just sharing information—it equips every individual who passes through Sydney and Melbourne airports to become a part of the solution.  

    “Human trafficking hides in plain sight, but through this campaign, we are making the invisible visible, empowering travellers, staff, and the public to take action. With just one report, one moment of recognition, a life can be saved. Together, we can stop the traffickers and protect the most vulnerable among us.”  

    The Rotary Clubs of Botany Randwick and Marrickville have announced that all cash collected from 11 donation boxes across Sydney Airport over the next month will be donated to A21 to support survivors of human trafficking.  

    Airport-specific signs & indicators of human trafficking  

    • Avoids eye contact and social interaction 
    • Is not in control of own passport/documentation 
    • Language barrier with their travelling companions 
    • Unusually submissive
    • Unaware of their destination  
    • Clothing is not appropriate/does not fit the route of travel  

    More details: Human trafficking and exploitation – AFP  

    How to make a report

    If you, or someone you know, are in immediate danger, call 000 for help.    

    The Australian Federal Police (AFP) protect people who are victims of modern slavery and can help keep you safe. If you suspect someone is at risk, you can:  

    • Make an anonymous report through Crime Stoppers 1800 333 000  
    • Call 131 AFP  
    • Report online 

    MIL OSI News

  • MIL-OSI Security: Appeal following fatal collision in Enfield

    Source: United Kingdom London Metropolitan Police

    Detectives are appealing for witnesses following a fatal collision in Enfield.

    Police were called at about 14:05hrs on Monday, 28 October to reports of a collision involving a white Ford box van and a blue motorbike on Meridian Way close to the junction with Morson Road.

    Officers and the London Ambulance Service attended. Despite the efforts of emergency services, sadly the rider, aged in his late 20s, died at the scene.

    His next of kin has been informed and are being supported by specialist officers.

    Detectives from the Roads and Transport Policing Command are investigating. They would like to speak with anyone who witnessed the collision or captured it on dash cam.

    Anyone with information is asked to call the Serious Collision Investigation Unit on 020 8246 9820 or via 101 reference CAD 4097/28Oct.

    MIL Security OSI

  • MIL-OSI: 18th Global Citizenship Conference to be held in Singapore

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Nov. 04, 2024 (GLOBE NEWSWIRE) — More than 400 delegates from over 50 countries are expected to attend the 18th annual Global Citizenship Conference, which takes place 27–29 November in Singapore.

    Hosted by world-leading international citizenship and residence advisory firm Henley & Partners, this annual event has become the world’s largest and most significant conference on investment migration, bringing together presidents and prime ministers, other senior government ministers and officials, and leading academics, as well as top-tier private client advisors and wealth management professionals, and financial and business media.

    The 2024 conference program features sophisticated content on the dynamics shaping the mobility options of wealthy families today. The conference will explore legal and economic developments and their implications, societal impacts relevant to global citizens, and trends in investment and wealth migration, along with regulatory and tax changes and the evolving concept of citizenship. Delegates will have the opportunity to engage with some of the world’s finest minds and latest ideas around global citizenship and interconnectivity and discover how to harness the power of global mobility.

    Dr. Christian H. Kalin, Group Chairman of Henley & Partners, emphasizes the timely relevance of connecting across borders as global citizens. “The Great Wealth Migration, as we call it, reflects a global trend fueled by geopolitical instability, economic uncertainty, the climate crisis, and technological disruption. Wealthy individuals are increasingly recognizing that, in an interconnected world, relying solely on any one nation as a place of residence or citizenship — even a prosperous, democratic one — can be a risk they are no longer willing to take. As they consider their options, however, there is a crucial opportunity to reflect on the broader implications of their decisions. How can wealth be used not only for personal advantage but also to create positive social impact? Global citizenship, at its core, is the belief that we have responsibilities that extend beyond our own borders — to our communities and to the world as a whole. This conference seeks to broaden our perspectives through shared global learning, empowering us to drive meaningful change on both a local and a global scale.”

    Notable key speakers at the conference include the Hon. Dickon Mitchell, Prime Minister of Grenada, and the Hon. Dr. Terrance Drew, Prime Minister of St. Kitts and Nevis. The Hon. Mohamed Nasheed, former President of the Maldives and current Secretary-General of the Climate Vulnerable Forum, will also share his insights along with senior government officials from Indonesia, Montenegro, and the South Pacific.

    Legendary global investor and best-selling author, Jim Rogers, will offer his perspective on global financial trends. Other distinguished speakers include Dr. Parag Khanna, Founder and CEO of Climate Alpha, Prof. Mehari Taddele Maru of the European University Institute and John Hopkins University, Irene Mia, Senior Fellow at the International Institute for Strategic Studies, and Balaji Srinivasan, American tech entrepreneur, investor, and author of The Network State.

    A conference highlight will be the 2024 Global Citizen Award Dinner on 28 November, where a remarkable individual working to advance one of the global challenges affecting humanity today, will be honored. This year’s laureate will be announced at the gala event hosted in collaboration with the Swiss non-profit humanitarian organization Andan Foundation, which focuses on promoting the self-reliance of refugees through education, entrepreneurship, and employment, and to which the net proceeds of the evening will be donated.

    For further information and media accreditation to attend the 18th annual Global Residence and Citizenship Conference, please contact:

    Sarah Nicklin
    Group Head of Public Relations
    sarah.nicklin@henleyglobal.com

    The MIL Network

  • MIL-OSI: 4BIO Capital Strengthens Investment Team

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    LONDON, 4 November 2024 – 4BIO Capital (“4BIO” or “the Group”), an international venture capital firm focused solely on the advanced and emerging therapies sector, announces today the appointments of Dr. Therese (Thera) Liechtenstein as an Investment Director based in Munich and Tay Salimullah as a Venture Partner based in Chicago.

    Dmitry Kuzmin, Managing Partner at 4BIO Capital, said: “Thera and Tay’s extensive experience and innovative perspectives will be invaluable to 4BIO as we continue to drive forward our mission of investing in transformative therapies. We are always keen on the diversity of thought and expertise that strengthens 4BIO’s unique edge as the leading advanced and emerging therapies investor. We are very excited to see where their thesis and experience take them and look forward to their contribution to our portfolio and investments.

    Thera Liechtenstein, newly appointed Investment Director commented:I am thrilled to join 4BIO Capital and contribute to the firm’s mission of fostering advanced and emerging therapies. I look forward to playing a role in bringing transformative treatments to patients with significant unmet needs.”

    Tay Salimullah, newly appointed Venture Partner added:This is a remarkable opportunity to work with a team dedicated to advancing transformative therapies. I look forward to leveraging my experience to support innovative companies that are poised to make a significant impact on healthcare and patient outcomes.”

    Thera Liechtenstein joins 4BIO Capital from M Ventures, the corporate venture arm of Merck KGaA, where she was a Senior Investment Director in the Biotechnology team. At M Ventures, Thera led company creations, new investments in Seed and Series A rounds, as well as follow-on investments in companies across Europe and North America, and supported these companies as a member of the board of directors. Previously Thera managed strategic projects for the Healthcare business of Merck. Prior to Merck, Thera was a client relationship manager in the field of wealth preservation, at Industrie- & Finanzkontor Ets. She has a strong academic background having received her PhD in Immuno-Oncology from University College London, an MSc in Biomedical Sciences from the University of Amsterdam, and a BA in Biology and Business studies from New York University.

    Tay Salimullah has over 20 years of leadership experience in the rare disease and MedTech sectors, with a proven track record in incubating and scaling innovative, high-value technologies, including cell and gene therapies. He spent over a decade at Novartis in a series of leadership roles. As an Executive Committee member at Novartis Gene Therapies, Tay executed a new commercial model for Zolgensma® and Kymriah®, securing approvals in more than 55 countries, helping to treat over 4,000 patients, and generating more than $5 billion in revenue. Prior to his roles at Novartis, Tay spent over ten years working in a variety of investment and healthcare roles, including a decade at Pfizer where he held several strategic and commercial roles. His expertise spans drug development, pricing science, market access, and operational excellence in high-value healthcare solutions. Tay holds a BSc in Management Sciences from the University of Brunel, London. 

    – Ends –

    Contacts

                                                    

    About 4BIO Capital

    4BIO Capital (‘4BIO’) is an international venture capital firm headquartered in London, focused solely on the advanced and emerging therapies sector. The 4BIO team, which has an unrivalled network within the advanced therapy sector, comprises leading advanced therapy scientists and experienced life science investors.

    The firm maintains a global footprint across the US, Europe and Asia with an objective to create, invest in, support, and grow early-stage companies. Its ultimate goal is ensuring access to potentially curative therapies for all patients, with a specific focus on viable, high-quality opportunities in cell and gene therapy, RNA-based therapy, targeted therapies, and the microbiome.

    4BIO is currently investing out of its Fund III, having secured support from prominent global institutional investors, including the Children’s Minnesota, UPMC, Development Bank of Japan, Kyowa Kirin, Exor, and many other endowments and foundations. For more information, connect with us on LinkedIn and X (@4biocapital) and visit www.4biocapital.com.

    The MIL Network

  • MIL-OSI: Municipality Finance issues EUR 20 million notes under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    4 November 2024 at 10:00 am (EET)

    Municipality Finance issues EUR 20 million notes under its MTN programme

    Municipality Finance Plc issues EUR 20 million notes on 5 November 2024. The maturity date of the notes is 5 November 2035. MuniFin has a right, but no obligation, to redeem the notes early on 5 November 2025. The notes bear interest at a fixed rate of 3.87% per annum until 5 November 2025, after which the interest is paid at 3.00% per annum, unless MuniFin redeems the notes early.

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

    MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 5 November 2024.

    UBS Europe SE acts as the dealer for the issue of the notes.

    MUNICIPALITY FINANCE PLC

    Further information:

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

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

    MuniFin builds a better and more sustainable future with its customers. MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, corporate entities under their control, and non-profit organisations nominated by the Housing Finance and Development Centre of Finland (ARA). Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

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

    Read more: https://www.kuntarahoitus.fi/en/

    Important Information

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

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

    The MIL Network

  • MIL-OSI: Nokia signs 5G deal extension with Taiwan Mobile

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia signs 5G deal extension with Taiwan Mobile

    • Nokia to modernize Taiwan Mobile’s 5G network and upgrade existing 4G infrastructure with equipment from industry-leading AirScale portfolio.
    • Deal to enhance experience for customers in both urban and rural environments with premium capacity and coverage.
    • Taiwan Mobile targeting sustainability goals with Nokia’s energy-efficient portfolio.

    4 November 2024
    Espoo, Finland – Nokia has signed a one-year 5G contract extension with Taiwan Mobile to boost the performance and capacity of Taiwan Mobile’s 5G network as well as upgrade its 4G/LTE network. This will add capacity and coverage and provide a better end-user experience for TWM’s customer base of approximately 10 million including in rural areas. The move comes following the merger of Taiwan Mobile and Taiwan Star last year and will help prepare Taiwan Mobile’s network for the 5G-Advanced era.

    Under the deal, Nokia will supply equipment from its industry-leading 5G AirScale portfolio for the first time in Taiwan. This includes Nokia’s next-generation, modular, high-capacity AirScale baseband solutions, Habrok 32 and Osprey 32 Massive MIMO radios and Remote Radio Head products. These are all powered by its energy-efficient ReefShark System-on-Chip technology and combine to provide superior coverage and capacity. The project will see thousands of existing LTE sites modernized for better energy efficiency supporting Taiwan Mobile’s sustainability targets. Taiwan Mobile will also install Nokia’s IPAA+ solution helping them to add additional antennas in constricted urban environments.

    Additionally, Taiwan Mobile will implement Nokia’s industry-leading Carrier Aggregation technology to its network. This combines radio spectrum to significantly boost the data rates offering customers better throughput, capacity, and performance.

    Nokia has partnered with Taiwan Mobile for over 20 years and has previously provided 2G, 3G, and 4G mobile networks covering RAN, mobile core, and voice core. Nokia has most recently supported Taiwan Mobile in the deployment of its nationwide 5G infrastructure including over 3,000 new cell sites.

    Jamie Lin, President at Taiwan Mobile, said: “This expanded partnership with Nokia marks a significant step forward in our commitment to providing our 10 million customers with the best possible 5G experience, while also supporting the growing needs of over 1 million IoT devices across our network. By leveraging Nokia’s cutting-edge AirScale portfolio, we are not only enhancing network performance and capacity but also reinforcing our dedication to sustainability and advancing our Telco+Tech strategies. This collaboration will enable us to deliver superior connectivity to both urban and rural areas, ensuring that all our customers can enjoy the full benefits of the 5G era.”

    Tommi Uitto, President of Mobile Networks at Nokia, said: “Nokia is partnering with Taiwan Mobile to modernize their 5G and 4G networks to deliver enhanced performance and coverage and better customer experience. We are deploying the latest equipment from our energy-efficient AirScale portfolio, which will enable a greener network with reduced environmental impact, contributing to the operator’s sustainability goals.”

    Resources and additional information
    Webpage: Nokia 5G
    Product page: AirScale Radio Access
    Product page: MantaRay Network Management
    Webpage: Nokia 5G Core
    Webpage: Nokia Voice Core

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable, and sustainable networks today – and work with us to create the digital services and applications of the future.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

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    The MIL Network

  • MIL-OSI: Share buyback programme – week 44

    Source: GlobeNewswire (MIL-OSI)

    Nasdaq Copenhagen
    Euronext Dublin
    London Stock Exchange
    Other stakeholders

    Date        4 November 2024

    Share buyback programme – week 44

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

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

    The following transactions have been made under the programme:

    Date Number of shares Average purchase price (DKK) Total purchased under the pro-gramme (DKK)
    Total in accordance with the last announcement 414,607 1,109.27 459,912,348
    28 October 2024 4,700 1,135.10 5,334,970
    29 October 2024 4,500 1,123.11 5,053,995
    30 October 2024 4,500 1,118.99 5,035,455
    31 October 2024 4,500 1,127.30 5,072,850
    1 November 2024 4,500 1,136.21 5,112,945
    Total under the share buyback programme, part II 437,307 1,110.26 485,522,563
           
    Bought back under share buyback programme part I executed in the period 1 February 2024 – 27 June 2024 631,900 1,186.82 749,953,400
    Total bought back 1,069,207 1,155.51 1,235,475,963

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

    • 1,069,207 shares under the above share buyback programme corresponding to 4.0 % of the bank’s share capital.

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

    Yours sincerely

    Ringkjøbing Landbobank

    John Fisker
    CEO

    Detailed summary of the transactions on the above reporting days

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    Attachment

    The MIL Network

  • MIL-OSI Economics: Asian Impact Webinar: Asian Development Outlook September 2024 Launch

    Source: Asia Development Bank

    Video | 04 November 2024

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    Developing Asia’s outlook remains solid, driven by strong domestic demand and continued recovery in exports. But risks remain, including a possible rise in protectionism that could occur depending on the outcome of the United States presidential election, worsening geopolitical tensions, a fragile PRC property market, and adverse weather conditions. Asian Development Outlook September 2024 sheds light on these.

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    Developing Asia’s outlook remains solid, driven by strong domestic demand and continued recovery in exports. But risks remain, including a possible rise in protectionism that could occur depending on the outcome of the United States presidential election, worsening geopolitical tensions, a fragile PRC property market, and adverse weather conditions. Asian Development Outlook September 2024 sheds light on these.

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    MIL OSI Economics

  • MIL-OSI Asia-Pac: Provisional statistics of restaurant receipts and purchases for third quarter of 2024

    Source: Hong Kong Government special administrative region

         The Census and Statistics Department (C&SD) released the latest provisional figures on restaurant receipts and purchases today (November 4).
     
         The value of total receipts of the restaurants sector in the third quarter of 2024, provisionally estimated at $26.7 billion, decreased by 1.3% over a year earlier. Over the same period, the provisional estimate of the value of total purchases by restaurants decreased by 0.1% to $8.8 billion.
     
         After netting out the effect of price changes over the same period, the provisional estimate of the volume of total restaurant receipts decreased by 3.3% in the third quarter of 2024 compared with a year earlier.
     
         Analysed by type of restaurant and comparing the third quarter of 2024 with the third quarter of 2023, total receipts of Chinese restaurants decreased by 7.7% in value and 9.8% in volume. Total receipts of non-Chinese restaurants decreased by 0.6% in value and 1.5% in volume. Total receipts of fast food shops increased by 8.5% in value and 5.7% in volume. Total receipts of bars decreased by 6.3% in value and 10.1% in volume. As for miscellaneous eating and drinking places, total receipts increased by 0.3% in value, but decreased by 2.8% in volume.
     
         Based on the seasonally adjusted series, the provisional estimate of total restaurant receipts increased by 2.0% in value, but decreased by 3.3% in volume in the third quarter of 2024 compared with the preceding quarter.
     
         Comparing the first three quarters of 2024 with the same period in 2023, total restaurant receipts decreased by 0.3% in value and 2.9% in volume.
     
         To facilitate further understanding of the short-term business performance of the restaurants sector, statistics in respect of the restaurant receipts and purchases in individual months of the reference quarter are also compiled.
     
         Analysed by month, it was provisionally estimated that the value of total receipts of the restaurants sector decreased by 4.2%, decreased by 2.3% and increased by 2.8% respectively in July, August and September 2024, compared with the corresponding months in 2023.
     
         After discounting the effect of price changes, it was provisionally estimated that the volume of total restaurant receipts decreased by 6.4%, decreased by 4.3% and increased by 1.1% respectively in July, August and September 2024, compared with the corresponding months in 2023.
     
    Commentary
     
         A Government spokesman said that the value of total restaurant receipts recorded a narrowed year-on-year decline of 1.3% in the third quarter of 2024. The business performance of restaurants improved through the quarter, with their total receipts resuming a year-on-year increase of 2.8% in September. Compared with the preceding quarter, the value of total restaurant receipts increased by 2.0% in the third quarter after adjusting for seasonal factors.
     
         Looking ahead, the changing consumption patterns of visitors and residents will continue to affect the business performance of restaurants. Nevertheless, an improved outlook for the Mainland economy following the recent introduction of a wide range of stimulus measures, and the commencement of the US interest rate cut, would render support to catering spending. The SAR Government’s various initiatives to boost market sentiment and increasing employment earnings would also benefit the sector.
     
    Further information
     
         Table 1 presents the revised figures of restaurant receipts by type of restaurant and total purchases by the restaurants sector for the second quarter of 2024 as well as the provisional figures for the third quarter of 2024.
     
         Table 2 and Table 3 present the revised value and volume indices respectively of restaurant receipts by type of restaurant for the second quarter of 2024 and the provisional indices for the third quarter of 2024.
     
         Table 4 presents the year-on-year rate of change in total restaurant receipts in value and volume terms based on the original quarterly series, as well as the quarter-to-quarter rate of change based on the seasonally adjusted series.
     
         The revised figures on restaurant receipts and purchases for the third quarter of 2024 (with breakdown by month) will be released through the website of C&SD (www.censtatd.gov.hk/en/scode540.html) and relevant publications of the Department from December 20, 2024.
     
         The classification of restaurants follows the Hong Kong Standard Industrial Classification (HSIC) Version 2.0, which is used in various economic surveys for classifying economic units into different industry classes.
     
         More detailed statistics are given in the “Report on Quarterly Survey of Restaurant Receipts and Purchases”. Users can browse and download the publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080002&scode=540).
     
         Users who have enquiries about the survey results may contact the Distribution Services Statistics Section of C&SD (Tel: 3903 7401; e-mail: qsr@censtatd.gov.hk).

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Survey on Small and Medium-Sized Enterprises’ Credit Conditions for Third Quarter 2024

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:

         The Hong Kong Monetary Authority (HKMA) published today (November 4) the results of Survey on Small and Medium-Sized Enterprises (SMEs)’ Credit Conditions for the third quarter of 2024. According to the survey, SMEs’ credit conditions improved slightly.
          
         Regarding SMEs’ perception of banks’ credit approval stance relative to 6 months ago, excluding respondents who answered “no idea/don’t know”, 76 per cent perceived a “similar” or “easier” credit approval stance in the third quarter of 2024, up from 73 per cent in the previous quarter (Chart 1 in the Annex). 24 per cent perceived a “more difficult” credit approval stance, down from 27 per cent in the previous quarter. The perception of a more difficult credit approval stance may not necessarily reflect actual difficulties faced by SMEs in obtaining bank credit as the perception could be affected by a number of factors, such as media/news reports, business conditions and opinions of relatives and friends.
          
         Among respondents with existing credit lines, only 1 per cent reported a “tighter” banks’ stance, further down from 2 per cent in the previous quarter (Chart 2 in the Annex). In this survey, a tighter stance on existing credit lines denotes a range of possible measures or arrangements, such as reducing unused and used credit lines, raising the interest rate, imposing additional collateral requirements, or shortening loan tenor. Therefore, respondents’ indication of banks’ stance on existing credit lines may not directly reflect banks’ supply of credit to SMEs. 
          
         The survey also gauged the results of new credit applications from SMEs. 3 per cent of the respondents reported that they had applied for new bank credit during the third quarter of 2024. Among the respondents who had already known their application outcomes, 79 per cent reported fully or partially successful applications, up from 70 per cent in the previous quarter (Chart 3 in the Annex).
          
         Owing to small sample sizes of SMEs with existing credit lines (13 per cent of surveyed SMEs) and with new credit applications (3 per cent of surveyed SMEs) during the quarter, the results could be prone to large fluctuations, and hence should be interpreted with care.

    About Survey on Small and Medium-Sized Enterprises (SMEs)’ Credit Conditions
          
         In light of the importance of SMEs to the Hong Kong economy and concerns about potential funding difficulties facing SMEs over the past few years, the HKMA has appointed the Hong Kong Productivity Council (HKPC) to carry out this survey, starting from the third quarter of 2016. This survey is conducted on a quarterly basis, covering about 2 500 SMEs from different economic sectors each time. The results of this survey can help monitor the development of SMEs’ access to bank credit from a demand-side perspective.
          
         The results of this survey should be interpreted with caution. Similar to other opinion surveys, views collected in this survey may be affected by changes in sentiment due to idiosyncratic events that occurred over the survey period, which can make the results prone to fluctuations. Readers are advised to interpret the results together with other economic and financial information. In addition, views collected are limited to the expected direction of inter-quarter changes (e.g. “tighter”, “no change” or “easier”) without providing information about the magnitude of these changes.
          
         Detailed tables and technical information of this survey are published on the website of the HKPC (smecc.hkpc.org).

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Interest rate of fifth interest payment for series of retail green bonds due 2025

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:

         The Hong Kong Monetary Authority, as representative of the Hong Kong Special Administrative Region Government, announced today (November 4) the relevant per annum interest rate for the fifth interest payment of the series of retail green bonds due 2025 (Issue Number: 03GR2505R; Stock Code: 4252) (the Retail Green Bonds) issued under the Government Sustainable Bond Programme (previously known as the Government Green Bond Programme).
          
         According to the Issue Circular dated April 26, 2022 for the Retail Green Bonds, the fifth interest payment of the Retail Green Bonds is scheduled to be made on November 18, 2024, and the relevant interest rate is scheduled to be determined and announced on November 4, 2024 as the higher of the prevailing Floating Rate and Fixed Rate. 
          
         On November 4, 2024, the Floating Rate and Fixed Rate are as follows:
     
    Floating Rate: +1.83 per cent (Annex)
    Fixed Rate: +2.50 per cent
     
         Based on the Floating Rate and Fixed Rate set out above, the relevant interest rate for the fifth interest payment is determined and announced as 2.50 per cent per annum.

    MIL OSI Asia Pacific News

  • MIL-OSI Australia: Parliament moves one step closer to deliver pay rise for early educators

    Source: Australian Ministers for Education

    Every day, parents trust early educators with the most important people in their world, and every day Australia asks early educators to do one of the most important jobs imaginable.

    Today the Albanese Government has passed legislation through the House of Representatives to make sure those educators are fairly paid.

    Once it passes through Parliament, the Wage Justice for Early Childhood Education and Care Workers (Special Account) Bill 2024 will deliver a 15 per cent wage increase for Early Childhood Education and Care (ECEC) workers.
    This wage increase will be tied to a commitment from Child Care Centres to limit fee increases. We want to make sure workers can be fairly paid without the costs being passed on to families.

    Since coming to Government, the number of ECEC workers has grown by more than 30,000, but we need more.

    This $3.6 billion investment will help retain our existing early childhood educators, who are predominately women, and attract new employees.
    By improving access to quality early childhood education and care we can also boost productivity and workforce participation in the short and long-term. Significantly, the wage increase also applies to workers in outside school hours care services – creating benefits for the parents of school aged children too.
    This wage increase is an important next step in the Government’s reforms to the sector, building on the successful Cheaper Child Care changes.  

    The wage increase will be phased in over two years, and include a 10 per cent increase from December 2024, and a further 5 per cent increase from December 2025.
    This means a typical ECEC educator who is paid at the award rate will receive a pay rise of at least $103 per week, increasing to at least $155 per week from December 2025.

    For a typical early childhood teacher, they’ll receive an additional $166 a week from December this year, increasing to $249 from December of next year.
    To be eligible to receive funding for the wage increase, ECEC services won’t be able to increase their fees by more than 4.4 per cent over the next 12 months from August 2024.

    There will also be a limit on fee growth in the second year of the wage subsidy. The percentage limit on fee growth that will apply from August 2025 will be determined by a new ECEC cost index being developed by the Australian Bureau of Statistics (ABS).

    Early learning providers can now apply for Commonwealth Government funding to deliver the pay rise.

    This is a win for workers, a win for families and will help ease cost of living pressures.
    Combined with the Government’s Cheaper Child Care initiative, this wage increase will help support the availability of early education and care for families and is a crucial step in charting the course to a truly universal early education system.

    Quotes attributable to Minister for Education, Jason Clare:
    “The child care debate is over. It’s not babysitting. It’s early education and it’s critical to preparing children for school.
    “They lift our kids up and now we are lifting their pay.
    “This means wages up for workers and keeping prices down for families.
    “A pay rise for every early childhood educator is good for our workforce, good for families and good our economy.”

    Quotes attributable to Minister for Early Childhood Education, Dr Anne Aly:
    “This is a wonderful outcome for a highly feminised workforce that has for far too long been neglected and taken for granted.
    “We’re boosting the wages of early childhood education workers, while relieving cost of living pressures on Australian families.
    “Properly valuing the early childhood education and care workforce is crucial to attracting and retaining workers and vital to achieving the quality universal early learning sector Australian families deserve.
    “A quality early childhood education sector is necessary to support children’s learning and development as well as workforce participation in the broader economy.”

    MIL OSI News

  • MIL-OSI United Kingdom: More pop up clinics arranged for winter vaccinations

    Source: City of Wolverhampton

    Similar to last year, those eligible for a free Covid-19 and flu vaccination include all adults aged 65 years and over, people who live in a care home for older adults, people aged 6 months to 64 years with health conditions that make them more vulnerable, frontline health and social care staff including those working in care homes for older adults, and pregnant women.

    Eligible people can get one or both vaccinations and are invited to book an appointment via the NHS website, on the NHS app or by calling 119.

    Alternatively, they can get their vaccinations at one of a number of community pop up clinics offering both vaccines without an appointment which are taking place across the city over the coming weeks, including:

    • Phoenix Park, Dudley Road, today (Monday 4 November) and Monday 18 November from 9am to 3pm
    • SMI Steps to Health, Showell Circus, tomorrow (Tuesday 5 November) from 9am to 3pm
    • Sainsburys Wolverhampton, Raglan Street, on Thursday (7 November) and Thursday 21 November from 9am to 3pm
    • Queen Square, Wolverhampton, on Friday (8 November) and Friday 22 November from 9am to 3pm
    • Sainsburys Wednesfield, Bentley Bridge, on Thursdays 14 and 28 November from 11am to 6pm.

    Anyone not eligible for a free flu vaccination is reminded that they can get it for a small charge at participating pharmacists.

    Sally Roberts, Chief Nursing Officer for the NHS Black Country Integrated Care Board, said: “It’s vital that everyone prepares for potential winter illnesses, especially those who are at higher risk.

    “It can be easy to become complacent, however it’s important for those who are eligible to top up their protection, even if they have had a vaccine or been ill with flu or Covid-19 before, as immunity fades over time and these viruses change each year.”

    Councillor Jasbir Jaspal, the City of Wolverhampton Council’s Cabinet Member for Adults and Wellbeing, said: “Getting vaccinated will help you get winter strong so, I would encourage anyone who is eligible to take up the offer of a free flu or Covid-19 vaccination, or both.”

    MIL OSI United Kingdom

  • MIL-OSI USA: Keynote Speaker – Mundy’s Mill HS 2006 Graduation

    Source: United States House of Representatives – Congressman David Scott (GA-13)

    Keynote Speaker – Mundy’s Mill HS 2006 Graduation

    WHAT: Congressman David Scott (D-GA) will participate as the keynote speaker for the 2006 Graduation Ceremony of Mundy’s Mill High School. Constituents from the Clayton County community are encouraged to attend this special ceremony. WHEN: Saturday, May 27, 2006 – 7:30 p.m. WHERE: Twelve Oaks Stadium 1586 Lovejoy Road Jonesboro, GA 30236

    MIL OSI USA News

  • MIL-OSI USA: Scott to Attend Lockheed’s C-5M Rollout Ceremony

    Source: United States House of Representatives – Congressman David Scott (GA-13)

    Congressman David Scott (GA-13) will attend Lockheed Martin’s ceremony to rollout the C-5M Super Galaxy. Media interested in attending the ceremony should contact Chandra Harris at 770-210-5073 or Peter Simmons of Lockheed at 770-494-6208 for more information.

    WHEN: TUESDAY, MAY 16, 2006 10:00 A.M.

    WHERE: Lockheed Martin Aeronautics Company 86 South Cobb Drive Marietta, Georgia 30063

    MIL OSI USA News

  • MIL-OSI Asia-Pac: Violent, illegal acts condemned

    Source: Hong Kong Information Services

    The Department of Justice (DoJ) today strongly condemned an attempted knife attack on a magistrate, stressing that it will not tolerate any illegal or violent acts.

    In a press release, the DoJ explained that the incident took place at the Kowloon City Magistrates’ Courts this morning and emphasised that the attempted knife attack threatened the magistrate’s personal safety.

    It also made it clear that the Hong Kong Special Administrative Region Government will not tolerate any illegal or violent acts, and Police will thoroughly investigate the case, strictly enforce the law and bring any offender to account.

    Article 85 of the Basic Law clearly states that the courts of the Hong Kong SAR shall exercise judicial power independently, free from any interference. Judges should handle cases in accordance with law and evidence. Intimidation, in particular violence of any form against judges who are performing judicial duties, will never be tolerated. Such illegal acts not only disregard the law but also undermine the rule of law.

    Apart from saying that Police will follow up on the matter seriously, the DoJ appealed to the public to respect the rule of law and not to break the law.

    MIL OSI Asia Pacific News

  • MIL-OSI: DIGZAX Enhances Collaborative Security System, Pioneering New Heights in Cryptocurrency Trading

    Source: GlobeNewswire (MIL-OSI)

    ARVADA, Colo., Nov. 04, 2024 (GLOBE NEWSWIRE) — Recently, the renowned cryptocurrency exchange platform DIGZAX announced the completion of its security system upgrade, further enhancing the protective capabilities of the platform. According to the details released, DIGZAX has showcased significant technological advantages, receiving high acclaim within the industry. This upgrade not only underscores the commitment of DIGZAX to user experience and asset security but also highlights the collaborative execution capabilities of the team throughout the process.

    Fergus Kane, the founder and CEO of DIGZAX, has consistently prioritized security as the core driving force behind the development of the platform. Under his leadership, the DIGZAX team has not only driven technological innovation but also ensured steady business expansion. During the recent security upgrade, team members worked closely together, each fulfilling their respective roles, demonstrating remarkable cohesion, with every individual playing an indispensable part.

    Charles Henry Anderson, the Chief Technology Officer, played a crucial role in this security enhancement, bringing extensive experience from the fintech sector. His technology team developed an intelligent security system capable of monitoring platform activities in real time, identifying and preventing anomalous behaviors, and employing multi-layered security measures to effectively adapt to evolving cybersecurity risks.

    The successful implementation of this technology was bolstered by the close collaboration of Sterling Nash, the Chief Legal Officer, who provided critical compliance requirements during the system design phase. Given the varying data security and privacy regulations across different countries and regions, the guidance of Sterling ensured that the technological solutions progressed smoothly within a diverse global compliance framework, effectively mitigating potential legal risks. This close integration of technology and regulation not only enhanced the compliance capabilities of DIGZAX but also facilitated the robust expansion of the platform in international markets, solidifying its foundation for globalization.

    Moreover, the operations team excelled during this security upgrade, led by Chief Operating Officer Michael Robert Davis. They worked closely with the technical department to ensure that every technological solution was effectively implemented while optimizing user experience. This efficient collaborative model allowed DIGZAX to advance its technological upgrades swiftly while maintaining platform stability and operational efficiency.

    The collaboration of the DIGZAX team is evident not only at the technical level but also throughout the smooth progression of the entire project. From new features to user experience optimizations, every aspect has been meticulously refined and rigorously tested by the team, ensuring that efficient communication and close cooperation between departments facilitated the timely implementation of every innovative application and strategic adjustment.

    Under the leadership of Fergus Kane, the DIGZAX team will continue to explore and apply cutting-edge technologies to ensure that the security and competitive advantages of the platform steadily improve. With ongoing technological updates, DIGZAX is moving towards a more secure and innovative cryptocurrency financial future, consistently providing users with high-quality investment experiences and greater development opportunities.

    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/56647c41-23b0-48dc-8bfe-7e2ee79d44ee

    The MIL Network

  • MIL-OSI United Kingdom: New SEND Local Offer website launched

    Source: City of Wolverhampton

    The website has been created in partnership with children, young people and their families and includes:

    • what to do if you’re new to SEND  
    • local support such as where you can find helpful advice, fun activities or services  
    • educational settings in Wolverhampton or nearby such as early years, primary, secondary, sixth form, colleges, further education and higher education
    • travel assistance arrangements for children or young people attending schools, colleges or an early years setting 
    • how to get advice for young adults with SEND, like housing and employment support.

    The new website has been developed in response to the Local Area SEND Inspection in 2021, which found that many parents and carers were not aware of the Local Offer and some of those that were found it difficult to access information on the site.

    Councillor Jacqui Coogan, the City of Wolverhampton Council’s Cabinet Member for Children, Young People and Education, said: “The Local Offer website brings together a wide range of information about the education, health and social care support available in Wolverhampton and the surrounding area for children and young people with SEND, and their families.

    “User acceptance testing is still being carried out on the new site and further development will be undertaken in response to feedback received. We are keen to hear your views to help us continue updating the website to meet your needs, so please take a look and if you have any comments, let us know via the feedback function on the website.”

    MIL OSI United Kingdom

  • MIL-OSI China: Mainland college students invited to visit Taiwan

    Source: China State Council Information Office 2

    Taiwan-based Ma Ying-jeou Culture and Education Foundation announced Monday that it plans to invite 40 faculty members and students from seven mainland universities to visit the island, following a successful visit of mainland college students in 2023.
    The visit is scheduled to take place from Nov. 27 for nine days and eight nights, said Hsiao Hsu-tsen, executive director of the foundation, at a press conference, adding that the foundation will submit applications to relevant authorities and hopes for swift approval to facilitate the visit.
    The mainland students and teachers will be from Peking University, Tsinghua University, Fudan University, Sun Yat-sen University, Zhejiang University, Fujian Normal University and Beijing Sport University. The students will include Olympic champions, table tennis gold medalist Ma Long from Beijing Sport University, and shooting gold medalist Yang Qian from Tsinghua University, Hsiao said.
    They will visit six universities in Taiwan, including Taiwan University, Tsing Hua University in Hsinchu, Chengchi University, Yang Ming Chiao Tung University, Chinese Culture University in Taiwan, and Chang Gung University, as well as the Taipei Municipal Zhongshan Girls High School, he said.
    The itinerary will also include visits to scenic spots such as Sun Moon Lake so that mainland students will have an in-depth understanding of Taiwan’s history and natural beauty. Additionally, the foundation will arrange baseball experience activities, allowing mainland students to engage firsthand with Taiwan’s popular baseball culture.
    This is the second such visit planned by the foundation. In 2023, faculty members and students from five mainland universities were warmly received across Taiwan, positively impacting cross-Strait relations.
    In 2023 and 2024, Ma Ying-jeou, former chairman of the Chinese Kuomintang, also led youth groups from Taiwan on visits to the mainland.

    MIL OSI China News

  • MIL-OSI China: Chinese PLA Support Base in Djibouti holds training with Djiboutian army

    Source: People’s Republic of China – Ministry of National Defense

      The Chinese PLA support base in Djibouti carries out a three-day joint training of “Cooperation-2024.10. FAD” with the Djiboutian army from October 26th to 28th, 2024. The training, themed on “joint anti-terrorism military operation”, consisted of land phase and sea phase, and involved more than 300 soldiers, five boats, and 40 armored vehicles, artilleries, logistic vehicles. Both sides’ participants conducted such training subjects as fire strike, armed escort, and counter-piracy. (eng.chinamil.com.cn/Photo by Sun Ye, Mi Peng, Han Liang, Meng Xinde, Wu Shihong, Zhou Weiyue, Zhu Ruifeng)

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    MIL OSI China News

  • MIL-OSI China: Air-defense missiles tear through the sky

    Source: People’s Republic of China – Ministry of National Defense

      A ground-based air defense system attached to an air-defense detachment of a brigade under the Chinese PLA 81st Group Army launches a missile against “enemy” target during a live-fire training exercise aiming to enhance the troops’ rapid reconnaissance and precise strike capabilities on September 1st, 2024. (eng.chinamil.com.cn/Photo by Feng Hao)

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    MIL OSI China News

  • MIL-OSI China: Soldiers in reconnaissance and infiltration training

    Source: People’s Republic of China – Ministry of National Defense

      Soldiers assigned to a reconnaissance detachment of an army brigade under the Chinese PLA Eastern Theater Command cover each other in firing position while marching in the jungle during a reconnaissance and infiltration training exercise on August 29, 2024. (eng.chinamil.com.cn/Photo by Xiao Zubin)

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    MIL OSI China News

  • MIL-OSI China: Chinese PLA Support Base in Djibouti Holds Training with Djiboutian Military

    Source: People’s Republic of China – Ministry of National Defense

      By Shao Bo

      BEIJING, Nov. 4 — The Chinese PLA Support Base in Djibouti carried out a three-day joint training “Cooperation-2024.10. FAD” with the Djiboutian military from October 26th to 28th, 2024.

      Themed on “joint anti-terrorism military operations”, the joint training consisted of land phase and sea phase and focused on such subjects as fire strike, armed escort, and counter-piracy.

      The joint training involved more than 300 soldiers, five boats, and 40 armored vehicles, artilleries, logistic support vehicles.

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    MIL OSI China News

  • MIL-OSI Asia-Pac: New Measures To Deter High Bids For Hawker Stalls

    Source: Asia Pacific Region 2 – Singapore

    Singapore, 4 November 2024 – Senior Minister of State for Sustainability and the Environment, Dr Koh Poh Koon, announced at the Singapore Hawkers’ Seminar and Awards 2024 today that the National Environment Agency (NEA) will be revising the rental renewal policy for successful tenderers from the November 2024 hawker stall tender exercise onwards. 

    2          To deter overly high tender bids, NEA will be staggering the downward adjustment of tendered stall rentals over a longer period. Instead of an immediate full downward adjustment to the assessed market rent (AMR) at the point of first tenancy renewal, the rental for such hawker stalls will be adjusted downwards by 50% of the difference between their tendered rent and AMR for the second tenancy term. This will take effect from the next stall tender exercise in November 2024. This new measure seeks to encourage more prudent bidding behaviour.

    3          To help prospective bidders make more informed tender bid price decisions, NEA will also provide more information and online business cost estimation tools to help prospective bidders make better cost and revenue estimates. These will be made available progressively from 2025.

    Current Stall Tender Scheme and rental model

    4          Vacant cooked food and market stalls are put up for tender monthly under NEA’s Stall Tender Scheme [1]. This open tender system ensures stalls are allocated in a fair and transparent manner. When stallholders obtain vacant stalls via the monthly stall tender exercises, their stall rental for the first tenancy term of three years is their tendered bid price. At the end of the 3-year tenancy term, stall rental is adjusted towards AMR, as determined by an independent professional valuation. The valuation considers factors such as footfall, stall sizes and tendered stall rentals at the hawker centre.

    5          Currently, stallholders whose tendered rent is higher than the AMR at the point of tenancy renewal will see a full downward adjustment of their stall rental to the prevailing AMR. Stallholders whose tendered rent is lower than the AMR at the point of tenancy renewal will similarly see an upward adjustment of stall rental toward the AMR. This upward adjustment of stall rental towards AMR is moderated by NEA and has not exceeded $300 per tenancy term in recent years.

    6          Popular hawker centres with high footfall and low vacancy have started to attract higher tender bids in recent years. Some bidders may have tendered high bids to secure choice stalls at their preferred locations. However, this is not the norm.

    7          The median stall rental for non-subsidised cooked food stalls has remained relatively constant for the last 10 years at about $1,250 per month. Occupancy rates for cooked food stalls have remained high, averaging at around 97%. Most of the vacant stalls that are put up for tender will be occupied within three to six months.

    8          While NEA does not regulate cooked food prices, we remain committed to provide a conducive environment for stallholders to operate, so that they can price their food affordably for the public and sustain their own livelihoods. Together with the Ministry of Sustainability and the Environment, we will continue to track stall rentals closely and adjust policies as necessary.


    [1] Please refer to the ANNEX for an illustrated example of the Stall Tender Scheme.

     

    ~~ End ~~

    For more information, please submit your enquiries electronically via the Online Feedback Form or myENV mobile application.

     

    ANNEX

     

    MIL OSI Asia Pacific News

  • MIL-OSI Australia: Australia’s largest airports join forces in the fight against human trafficking

    Source: Sydney Airport

    Australia’s largest airports join forces in the fight against human trafficking

    Monday 4 November 2024

    In an Australian first, Sydney Airport and Melbourne Airport have joined forces to launch a public awareness campaign to fight human trafficking.  

    The country’s two largest international airports have partnered with anti-human trafficking organisation, A21, to run the “Can You See Me?” campaign, with guidance and input from the Australian Federal Police (AFP).  

    This initiative will educate people on how to recognise and report the signs of human trafficking.   

    From today, digital screens and billboards at both airports will display images and messages, stating that slavery still exists and urging people: “If you suspect it, report it.” QR codes also link to videos and information on how to identify and stop these crimes. Digital screens in key areas will display these messages, including check-in counters, gates and baggage carousels.  

    Combined, Sydney and Melbourne airports cater for 68% of Australia’s total international passenger traffic. While the “Can You See Me?” campaign runs over the next month, close to 7 million passengers are expected to pass through both the domestic and international terminals at the two airports.  

    A21 has rolled out this program in high-profile spaces worldwide—from Times Square billboards, screens at Heathrow Airport, train stations in Thailand to inflatable screens in vulnerable Cambodian communities—reaching an impressive 3.4 billion people globally.  

    Modern slavery is a growing issue in Australia, with the AFP receiving 382 reports in 2023/2024 financial year, a 12 per cent increase on the previous year. Cases include trafficking, forced marriage, sexual exploitation, domestic servitude, debt bondage, forced labour, deceptive recruitment and organ trafficking. The Global Slavery Index estimates 41,000 people in Australia live under conditions of modern slavery.  

    A united response to human trafficking  

    Scott Charlton, Sydney Airport CEO said: “Every person who steps through our airport deserves to travel safely, without fear of exploitation.”   

    “We deeply value the AFP’s dedication to catching and prosecuting traffickers and the A21 ‘Can You See Me?’ campaign will amplify their efforts by raising critical public awareness and support.  

    “Sydney Airport is proud to join forces with Melbourne Airport, united in our mission to tackle the scourge of modern slavery.”  

    Lorie Argus, Melbourne Airport CEO said: “This partnership goes beyond just airports—it’s about people’s lives.”  

    “By joining forces with Sydney Airport, the AFP, and A21, we’re taking a stand against modern slavery, a hidden crime that destroys people’s futures.  

    “Knowing that human trafficking is a real and daily threat, we feel a deep responsibility to protect our passengers.”  

    Acting Commander Human Exploitation Frank Rayner from the Australian Federal Police (AFP) said: “The increase in reported cases of human trafficking and slavery in Australia highlights the urgent need for action.”

    “Airports are key environments where traffickers seek to move victims across borders. It is important to remember that traffickers have many ways of controlling a person and a person can be exploited without physical restraint or abuse.

    “Engaging travellers and frontline airport staff to recognise the signs and report suspected cases will help disrupt these crimes and protect vulnerable people.”

    Nick Caine, A21 CEO, said: “Everyone has a role to play in the fight against human trafficking. Awareness is the first step, and we believe that through this campaign, more victims will be recognised and rescued.  

    “The ‘Can You See Me?’ campaign has already changed lives across the world, and we are grateful to Sydney and Melbourne airports for bringing this powerful message to Australia.”  

    Christian Elliott, Director of “Can You See Me?” said:  “As the director of the Can You See Me? campaign, I have witnessed firsthand the transformative power of awareness.”  

    “This initiative goes beyond just sharing information—it equips every individual who passes through Sydney and Melbourne airports to become a part of the solution.  

    “Human trafficking hides in plain sight, but through this campaign, we are making the invisible visible, empowering travellers, staff, and the public to take action. With just one report, one moment of recognition, a life can be saved. Together, we can stop the traffickers and protect the most vulnerable among us.”  

    The Rotary Clubs of Botany Randwick and Marrickville have announced that all cash collected from 11 donation boxes across Sydney Airport over the next month will be donated to A21 to support survivors of human trafficking.  

    Airport-specific signs & indicators of human trafficking  

    • Avoids eye contact and social interaction 
    • Is not in control of own passport/documentation 
    • Language barrier with their travelling companions 
    • Unusually submissive
    • Unaware of their destination  
    • Clothing is not appropriate/does not fit the route of travel  

    More details: Human trafficking and exploitation – AFP  

    How to make a report

    If you, or someone you know, are in immediate danger, call 000 for help.    

    The Australian Federal Police (AFP) protect people who are victims of modern slavery and can help keep you safe. If you suspect someone is at risk, you can:  

    • Make an anonymous report through Crime Stoppers 1800 333 000  
    • Call 131 AFP  
    • Report online 

    MIL OSI News