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Category: KB

  • MIL-OSI Australia: Delivering local priorities on the North Coast

    Source: Australian Ministers 1

    The Albanese Labor Government continues to boost the liveability of communities across Richmond, with federal funding delivering road and community infrastructure projects across the Tweed and Byron Shires. 

    Federal Minister for Regional Development and Local Government, Kristy McBain MP, joined Member for Richmond, Justine Elliot MP on Tuesday to inspect the progress of projects and to discuss the region’s priorities.

    As part of our commitment to improving the safety of local roads in Richmond, local councils will receive an increase in their Roads to Recovery funding over the next five years.

    Tweed Shire Council will receive over $15.9 million – a boost of over $6.8 million, and Byron Shire Council will receive over $6.4 million – a boost of over $2.7 million.

    This will pave the way for future priority projects and build on projects already delivered and fully funded by the Albanese Government – such as intersection, drainage, and bus stop upgrades at Rifle Range Road at Bangalow, which received $673,076. 

    The surface of Ducat Street at Tweed Heads is currently being upgraded thanks to over $1.5 million from the Albanese Government, with a further $500,000 in federal funding supporting widening and drainage works on Bayshore Drive at Byron Bay – making these roads safer.

    Through Phase 4 of the Local Roads and Community Infrastructure program, Tweed Shire Council is receiving over $2.8 million, and Byron Shire Council is receiving over $1.1 million for high-impact local projects. 

    The Albanese Government has also committed $618,869 under Round 1 of the Growing Regions Program to construct a Men’s Shed, environmental centre, performance stage and commercial kitchen, as well as provide upgrades to existing infrastructure at the Mullum SEED Eco Hub in Mullumbimby – boosting community engagement opportunities in Richmond. 

    Nationally, the Albanese Government is delivering significant funding increases to support local councils deliver their priority projects. 

    The Roads to Recovery program is progressively increasing from $500 million to $1 billion per year, the Road Black Spot Program is increasing from $110 million to $150 million per year, and $200 million per year is available under our Safer Local Roads and Infrastructure Program.

    Quotes attributable to Federal Minister for Regional Development and Local Government, Kristy McBain MP:

    “Justine Elliot is a strong advocate for communities in Richmond, which is why it’s fantastic to be in town with her to see local projects that she’s campaigned for progressing, and to discuss some of the region’s future priorities.

    “Like my own community, Richmond has been impacted by a number of natural disasters, which is why we’re delivering more funding to local councils to improve the safety and flood resilience of local roads, and to support priority projects that will have a lasting impact.” 

    Quotes attributable to Federal Member for Richmond, Justine Elliot MP:

    “As the Local MP, I’m proud to deliver this important funding for our community. These important funding increases from the Albanese Government have made many local projects a reality right across the North Coast.

    “I invited Minister McBain to our region to discuss how we can keep working to deliver projects that create local jobs, improve our area and keep our local economy strong.”

    Quotes attributable to Tweed Shire Mayor, Chris Cherry:

    “We thank the Australian Government for delivering on its commitment to improve our local road network – particularly for roads across the Tweed Shire that have been significantly impacted by flooding events.

    “When we work together, we get the best outcomes for our community, which is why we’ll continue to partner with the Australian Government to deliver the community infrastructure that locals need and deserve.” 

    Quotes attributable to Byron Shire Mayor, Sarah Ndiaye:

    “It’s fantastic to welcome Minister McBain to Byron Shire to highlight the significant progress we’re making with jointly funded projects, and to discuss our future priorities.

    “With the community calling on the Byron Shire Council to provide more services than ever before, we’re strengthening our partnership with the Australian Government to ensure that we can continue to deliver the projects locals want to get off the ground.”

    MIL OSI News –

  • MIL-OSI New Zealand: Education – Vegetable hide-and-go-seek

    Source: Ministry of Education

    Vegetables are a major component of the meals that will be served to more than 240,000 students as part of Ka Ora, Ka Ako – the healthy school lunches programme.
    Sean Teddy, Hautū (Leader) Operations and Integration at the Ministry of Education says the meals delivered from the School Lunch Collective meet the same nutritional standards the programme has always done. These standards are based on Ministry of Health guidance. Every meal will include vegetables or salad ingredients.
    “We’re doing what a lot of parents do when they cook for their children at home – we’ll include vegetables, but they won’t always be visible. Schools have told us that that hiding the carrots, parsnip, pumpkin, spinach, cauliflower and other vegetables in the sauces works well for children,” Mr Teddy says.
    Schools say the hot meals that will be provided are popular with children and the recipes selected are the ones they know.
    Fruit and vegetable suppliers, such as Wattie’s and Fresh Connection will provide ingredients to the School Lunch Collective.
    Compared to what they get now, students in Year 0 to 3 will receive more to eat. All students will receive the same size meals – around 240g.
    “For students in Year 9 and above, two supplementary items will be served with each meal, such as baking that contains vegetables – chocolate brownie made with kumara and pumpkin is expected to be a popular choice – along with fresh fruit, or fruit yoghurt,” Mr Teddy says.
    “We will continue to support schools making lunches for their students to meet the required meal sizes and nutritional standards.
    “We’ll work closely with the School Lunch Collective to deliver high-quality meals and will monitor, measure, and respond to any requests for changes.”

    MIL OSI New Zealand News –

  • MIL-OSI Australia: Scam alert: Scammers are targeting Australians in hardship

    Source: Australia Scam Watch

    Background
    Criminals are impersonating charities and offering fake financial assistance schemes to target people experiencing financial hardship.
    Trusted charities like Good Shepherd and the Salvation Army offer no interest loans. These loans support low-income earners and people in hardship who are struggling with payments or unexpected expenses.
    Criminals are pretending to offer loans from these charities. They may also impersonate government agencies and programs or other charities.

    How to spot the scam
    This scam can be hard to spot because criminals can set up fake social media accounts that look genuine.
    The scammers will ask for your identity information and myGov login details.

    How the scam works
    Criminals pretend to offer services such as no interest loans. They also offer fake emergency relief services, rental assistance, and programs such as the Australian Emergency Rental Assistance Program.
    Once the scammers get someone’s identity information, they can log into myGov accounts, lock people out, and stop people getting government benefits like Centerlink and NDIS payments. They can steal support from charities.
    Someone who is already experiencing hardship can be left without any money and be further behind on payments such as rent.

    What you should know
    Real support to people experiencing financial hardship is available, but criminals will try to target people in need.
    Check independently that an organisation offering financial help is legitimate. Don’t rely on social media advertisements. Don’t assume that someone contacting you is who they say they are.
    A real organisation will never ask for your personal information through social media.

    Find out more
    This scam is a type of impersonation scam.
    Scammers pretend they are from charity organisations. They ask for personal details so they can steal government benefits and charity support.

    Stay protected
    STOP – Don’t give money or personal information to anyone if unsure. Say no, hang up, delete.
    CHECK – Scammers pretend to be from organisations you know and trust – like your bank, charities, the police or government. If you’re not sure, call the official phone number of the organisation to check.
    PROTECT – Act quickly if something feels wrong. If you have had money or personal information stolen contact your bank and Services Australia immediately. Help others by reporting scams to Scamwatch.

    Resources for people experiencing financial hardship
    The official number for the National debt helpline is 1800 007 007.
    Call the Good Shepherd No Interest Loans (NILs) team on 13 64 57 or find a community service NILs provider near you. 

    MIL OSI News –

  • MIL-OSI Security: Statement of United States Attorney Clare E. Connors Regarding November 2024 General Election

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    HONOLULU – United States Attorney Clare E. Connors announced today that Assistant United States Attorney (AUSA) Michael Nammar will lead the efforts of her Office in connection with the Justice Department’s nationwide Election Day Program for the upcoming November 5, 2024, general election. AUSA Nammar has been appointed to serve as the District Election Officer (DEO) for the District of Hawaii, and in that capacity is responsible for overseeing the District’s handling of election day complaints of voting rights concerns, threats of violence to election officials or staff, and election fraud, in consultation with Justice Department Headquarters in Washington.

    “Every citizen must be able to vote without interference or discrimination and to have that vote counted in a fair and free election,” said United States Attorney Connors. “Similarly, election officials and staff must be able to serve without being subject to unlawful threats of violence. The Department of Justice will always work tirelessly to protect the integrity of the election process.”

    The Department of Justice has an important role in deterring and combatting discrimination and intimidation at the polls, threats of violence directed at election officials and poll workers, and election fraud. The Department will address these violations wherever they occur. The Department’s longstanding Election Day Program furthers these goals and also seeks to ensure public confidence in the electoral process by providing local points of contact within the Department for the public to report possible federal election law violations.

    Federal law protects against such crimes as threatening violence against election officials or staff, intimidating or bribing voters, buying and selling votes, impersonating voters, altering vote tallies, stuffing ballot boxes, and marking ballots for voters against their wishes or without their input. It also contains special protections for the rights of voters, and provides that they can vote free from interference, including intimidation, and other acts designed to prevent or discourage people from voting or voting for the candidate of their choice. The Voting Rights Act protects the right of voters to mark their own ballot or to be assisted by a person of their choice (where voters need assistance because of disability or inability to read or write in English).

    United States Attorney Connors stated that: “The franchise is the cornerstone of American democracy. We all must ensure that those who are entitled to the franchise can exercise it if they choose, and that those who seek to corrupt it are brought to justice. In order to respond to complaints of voting rights concerns and election fraud during the upcoming election, and to ensure that such complaints are directed to the appropriate authorities, AUSA/DEO Nammar will be on duty in this District while the polls are open. He can be reached by the public at the following telephone number: 808-541-2850.”

    In addition, the FBI will have special agents available in each field office and resident agency throughout the country to receive allegations of election fraud and other election abuses on election day. The local FBI field office can be reached by the public at 808-566-4300.

    Complaints about possible violations of the federal voting rights laws can be made directly to the Civil Rights Division in Washington, DC by complaint form at https://civilrights.justice.gov/ or by phone at 800-253-3931.

    United States Attorney Connors said, “Ensuring free and fair elections depends in large part on the assistance of the American electorate. It is important that those who have specific information about voting rights concerns or election fraud make that information available to the Department of Justice.”

    Please note, however, in the case of a crime of violence or intimidation, please call 911 immediately and before contacting federal authorities. State and local police have primary jurisdiction over polling places, and almost always have faster reaction capacity in an emergency.

    MIL Security OSI –

  • MIL-OSI: Unifiedpost Group announces changes in Leadership team and Board composition

    Source: GlobeNewswire (MIL-OSI)

    INSIDE INFORMATION

    La Hulpe, Belgium – 23 October 2024, 7:00 am. CET – INSIDE INFORMATION – Unifiedpost Group SA (Euronext Brussels: UPG) (Unifiedpost, Company), a leading provider of integrated business communications solutions, announces the appointment of Nicolas de Beco as its CEO, effective December 1, 2024. Founder and current CEO Hans Leybaert will transition to Executive Chairman. Additionally, the Board has co-opted two new members: Crescemus BV, represented by Pieter Bourgeois, and PDMT Investments LLC, represented by Peter Mulroy. The Board further plans to nominate potential Board members at the next Ordinary General Shareholder Meeting. These changes align with our commitment to enhance governance and strengthen the position of Unifiedpost.

    Summary of appointments:

    • Nicolas de Beco has been appointed as the new CEO of Unifiedpost, effective December 1, 2024. Nicolas succeeds Hans Leybaert, who will transition to Executive Chairman of the Board.
    • Crescemus BV, represented by Pieter Bourgeois, has been co-opted as a non-executive director, replacing AS Partner BV, represented by Stefan Yee, who stepped down on October 1, 2024. Crescemus will represent Alychlo NV in the Board. The mandate will take effect as from October 23, 2024.
    • PDMT Investments LLC, represented by Peter Mulroy, has been co-opted as independent director, replacing Sopharth BV, represented by Philippe De Backer, who stepped down on October 1, 2024. The mandate will take effect as from October 23, 2024.
    • The Board plans to nominate four potential Board members at the next Ordinary Shareholder Meeting in May 2025.

    Appointment of Nicolas de Beco as CEO; Hans Leybaert becomes executive chairman.

    Unifiedpost is pleased to announce Nicolas de Beco as its new CEO, effective December 1, 2024. Nicolas will succeed Hans Leybaert, who will transition into the role of Executive Chairman. Nicolas brings extensive experience in scaling SaaS businesses and driving operational excellence, both of which are essential to Unifiedpost’s current strategic priorities, as the company continues to execute on its organic growth plans and capitalise on opportunities arising from regulatory reforms across Europe. Hans Leybaert will remain on board to guide the strategy implementation of the company.

    Hans Leybaert stated, “We welcome Nicolas as our new CEO, and I am excited to transition into the role of Executive Chairman. Nicolas brings a wealth of experience to Unifiedpost, having served as Senior Vice President of Strategy at Quadient and President of the French Foreign Trade Advisors in New England. His proven ability to understand and address customer needs aligns with our commitment to customer-centric innovation. I am confident that this transition will keep Unifiedpost on track to becoming the leading digital platform for administrative, financial, payment, and communication processes. Nicolas will bring fresh ideas that will accelerate our growth.”

    Nicolas de Beco stated: “I’m excited to join Unifiedpost, Europe’s leading SaaS provider for Financial Automation. With the support of 1.000+ dedicated employees and a strong base of 1,3 million customers, I look forward to leading the team towards sustained, profitable growth and shareholder returns.”

    Co-optation of new Board members

    Following the announcement on July 8, 2024, Stefan Yee, representing AS Partners BV, has decided to voluntarily step down as chairman and member of the Board after nearly 10 years of service since 2014, effective October 1, 2024. Additionally, Philippe De Backer, representing Sopharth BV, has also stepped down from the Board effective October 1, 2024, due to a new professional commitment that prevents his continued service on the Unifiedpost Board.

    Following this, the Board of Directors has decided to co-opt Pieter Bourgeois, representing Crescemus BV, and Peter Mulroy, representing PDMT Investments LLC, as directors effective October 23, 2024. Pieter Bourgeois, who will replace Stefan Yee, is the CEO of Alychlo NV and will represent Alychlo on the Board. Peter Mulroy, replacing Philippe De Backer, will serve as an independent director and brings over 40 years of experience in global trade, receivables, and supply chain finance. The Board will seek ratification of these appointments from the Ordinary General Shareholder Meeting in May 2025. These changes reflect Unifiedpost’s commitment to maintaining a diverse and experienced Board, ensuring strong corporate governance. The newly appointed members’ extensive international experience aligns with Unifiedpost’s ambitions to accelerate the growth of digital services and enhance value for our shareholders and customers.

    Commenting on the announcement, Hans Leybaert stated, “First and foremost, I want to express my sincere gratitude to Stefan Yee and Philippe De Backer for their significant contributions to Unifiedpost during their tenure on our Board. Their insights and dedication have been invaluable to our growth. As we welcome Pieter Bourgeois and Peter Mulroy as new members, I am confident that their expertise will further enhance our governance. Pieter, representing Alychlo, underscores our commitment to a strong Board, while Peter’s extensive background in global trade and finance will be instrumental as we continue to advance our strategic objectives. We look forward to the fresh perspectives our new Board members will bring while building upon the strong foundation laid by their predecessors”.

    Pieter Bourgeois, CEO of Alychlo, added, “As long-term investors, we have always believed in the company’s potential and the value it can unlock for all shareholders. We appreciate the collaborative approach taken by Unifiedpost’s leadership to implement these governance changes, which we believe are a testament to Unifiedpost’s commitment to adopt best practices and strengthen oversight. I am honoured to join the board and look forward to working collaboratively with my fellow directors and management to drive sustainable growth, operational excellence, and long-term value creation for all stakeholders.”

    Planned nominations by the Board.

    To further expand the experience of the Board and give it a more international character, the Board shall propose to nominate four additional directors at the next Ordinary General Shareholder Meeting, scheduled for May 20, 2025:

    • Nathalie Van den Haute, representing Quilaudem BV, shall be proposed to be nominated as a non-executive director. Nathalie is an Investment Principal at Alychlo NV and will represent Alychlo on the Board. She has extensive experience in corporate finance and equity capital markets, having held various leadership positions at KBC Securities.
    • Koen Hoffman, representing Ahok BV, shall be proposed to be nominated as an independent director. Koen is the CEO of Value Square and serves on the boards of Greenyard, Fagron, and MDxHealth in independent capacities.
    • Leanne Kemp shall be proposed to be nominated as an independent director. Leanne is the founder and CEO of Everledger. A prominent figure in the technology sector, she co-chairs the World Economic Forum’s Global Future Council on the Future of Manufacturing and participates in the Global Future Council on Blockchain. Additionally, Leanne leads workstreams at the Global Blockchain Business Council, co-chairs the Sustainable Trade Action Group for the World Trade Board and serves on the IBM Blockchain Platform Board of Advisors.  
    • Nicolas de Beco, representing Beco Global Consulting LLC, shall be proposed to be nominated as executive director.

    The Board shall propose to nominate them for a four-year term, effective from the next Ordinary General Shareholder Meeting. Additionally, the Board shall propose that the shareholders align the terms of the mandates for Crescemus BV and PDMT Investments LLC with this four-year term.

    With these changes to its governance structure, Unifiedpost highlights the international experience of its Board. This reinforces the company’s ambition to become a leading Pan-European player in its market segment.

    Please visit Unifiedpost’s website for more information about the Board of Directors.

    Contact:
    Alex Nicoll
    Investor Relations
    Unifiedpost Group
    alex.nicoll@unifiedpost.com

    About Unifiedpost Group

    Unifiedpost is a leading cloud-based platform for SME business services built on “Documents,” “Identity” and “Payments”. Unifiedpost operates and develops a 100% cloud-based platform for administrative and financial services that allows real-time and seamless connections between Unifiedpost’s customers, their suppliers, their customers, and other parties along the financial value chain. With its one-stop-shop solutions, Unifiedpost’s mission is to make administrative and financial processes simple and smart for its customers. For more information about Unifiedpost Group and its offerings, please visit our website: Unifiedpost Group | Global leaders in digital solutions

    Cautionary note regarding forward-looking statements: The statements contained herein may include prospects, statements of future expectations, opinions, and other forward-looking statements in relation to the expected future performance of Unifiedpost Group and the markets in which it is active. Such forward-looking statements are based on management’s current views and assumptions regarding future events. By nature, they involve known and unknown risks, uncertainties, and other factors that appear justified at the time at which they are made but may not turn out to be accurate. Actual results, performance or events may, therefore, differ materially from those expressed or implied in such forward-looking statements. Except as required by applicable law, Unifiedpost Group does not undertake any obligation to update, clarify or correct any forward-looking statements contained in this press release in light of new information, future events or otherwise and disclaims any liability in respect hereto. The reader is cautioned not to place undue reliance on forward-looking statements.

    Attachments

    The MIL Network –

  • MIL-OSI: Planisware – Q3 2024 revenue

    Source: GlobeNewswire (MIL-OSI)

    Q3 2024 revenue of € 47.0 million

    • Year-on-year revenue growth in constant currencies of +18.7% in Q3 and +19.3% for the 9 first months of the year
    • Record high commercial pipeline but longer customer decision-making process driving delayed signature and start of new contracts
    • More cautious view on revenue growth in Q4
    • Improving profitability thanks to continuous progress in operational efficiency and better activity mix
    • Revision of 2024 objectives announced in September 2023:
      • 2024 revenue growth in constant currencies between +17% and +18%
        (vs. c. 19.5%)
      • Adjusted EBITDA margin raised to approximately 34% (vs. c. 33%)
      • Cash Conversion Rate of c. 80% confirmed

    Paris, October 23, 2024 – Planisware, a leading B2B provider of SaaS in the rapidly growing Project Economy market, announces today its revenue for the third quarter of 2024. Revenue amounted to € 47.0 million, up by +18.2% in current currencies, mainly led by the continued success of the Group’s market-leading SaaS platform. In constant currencies, revenue growth reached +18.7% (€+7.4 million) in Q3 and +19.3% (€+21.6 million) for the first nine months of the year. Recurring revenue amounted to €41.4 million in Q3 (88% of revenue) and was up by +21.2% in constant currencies.

    Loïc Sautour, CEO of Planisware, commented: “During the third quarter of 2024, Planisware delivered a solid +18.7% revenue growth in constant currencies, led by the continued success of our SaaS operations. This was a bit lower than expected due to elongated customers’ decision-making process since the end of the summer on the back of political concerns in France and difficulties seen in some of our key verticals such as automotive.

    Taking into account some uncertainties in the closing timing of delayed signatures and the start of some contracts, we adopt a cautious view for the end of the year. As a results, we now target annual revenue growth between +17% and +18% in constant currencies.

    In parallel, we continue to benefit from the evolution of our activity mix and to deliver further operational efficiencies on employee-related costs enabling to raise our 2024 profitability objective to c. 34% while confirming our cash conversion rate objective of c. 80%.

    Beyond the current quarter, we continue to build on our record high commercial pipeline fuelled by increasing demands for strategic portfolio management tools that help companies to better align their resources with strategic business goals. This dynamic is paving the way towards our ambition to be the accelerator of the Project Economy and the number one provider of multi-specialty project and portfolio management software solutions.”

    Q3 2024 revenue by revenue stream

    In € million Q3 2024 Q3 2023 Variation
    YoY    		 Variation
    in cc*
    Recurring revenue 41.4 34.3 +20.7% +21.2%
    SaaS & Hosting 20.8 17.1 +21.9% +22.3%
    Evolutive support 13.0 10.4 +24.6% +25.2%
    Subscription support 2.8 2.2 +29.4% +30.3%
    Maintenance 4.8 4.6 +3.8% +4.1%
    Non-recurring revenue 5.6 5.1 +8.3% +8.7%
    Perpetual license 2.0 1.3 +57.3% +58.0%
    Implementation & others non-recurring 3.5 3.8 -8.1% -7.9%
    Revenue with customers 47.0 39.4 +19.1% +19.6%
    Other revenue – 0.3    
    Total revenue 47.0 39.7 +18.2% +18.7%

    * Revenue evolution in constant currencies, i.e. at Q3 2023 average exchange rates

    Reaching €47.0 million in Q3 2024, revenue was up by +18.2% in current currencies and +18.7% in constant currencies. The exchange rates effect was mostly related to the appreciation of the euro versus the US dollar and the Japanese yen compared to Q3 2023. In order to reflect the underlying performance of the Company independently from exchange rates fluctuations, the following analysis refers to revenue evolution in constant currencies, applying Q3 2023 average exchange rates to Q3 2024 revenue figures, unless expressly stated otherwise.

    Recurring revenue

    Representing 88% of Q3 2024 revenue versus 86% in Q3 2023, recurring revenue reached €41.4 million, up by +21.2%.

    Revenue growth was fully led by Planisware’s SaaS model (i.e. SaaS & Hosting and Evolutive & Subscription support) up +23.9%, with SaaS & Hosting revenue up by +22.3% thanks to contracts secured with new customers as well as continued expansion within the installed base. Revenue of support activities (Evolutive & Subscription support), intrinsically related to Planisware’s SaaS offering, grew by +26.1%.

    Maintenance revenue was up by +4.1% in the context of the Group’s shift from its prior license model to a SaaS model.

    Non-recurring revenue

    Non-recurring revenue was up by +8.7%, helped by perpetual licenses extensions and upgrades sold in Q3 2024 to established customers with specific on-premise needs.

    The continued effort to deliver shorter implementations and to bring value faster to customers continued to drive down the planned revenue decline in Implementation. At -7.9% in Q3, revenue decline was accented by delays in the start of projects.

    Confirmed leadership of Planisware

    Planisware’s broad recognition from third-party industry analysts was further confirmed by the latest 2024 Gartner® “Magic QuadrantTMfor Adaptive Project Management and Reporting report.” published on September 5, 2024 and in which Gartner reasserted Planisware as a Leader, emphasizing “robust integrations, dynamic reporting, and native collaboration functionality” and a roadmap that “includes investments to bolster objective and key result (OKR) capabilities, automate work effort tracking, and deliver additional AI-driven features”.

    2024 objectives

    During its process to prepare its IPO, Planisware communicated to investors its 2024 objectives as early as September 2023.

    Planisware communicates today a revised set of 2024 objectives to take into account the uncertainties in the closing timing of delayed signatures and the start of some contracts. The Group adopts a more cautious view for year-end revenue growth. In parallel, continuous progress in operational efficiency and improving activity mix enable Planisware to raise its profitability objective, while confirming its objective for cash generation. As a consequence, Planisware’s 2024 objectives are:

    • Revenue growth in constant currencies between +17% and +18% (c. 19.5% priorly)
    • Adjusted EBITDA margin of approximately 34% (approximately 33% priorly)
    • Cash Conversion Rate of c.80% confirmed

    Appendices

    YTD 2024 revenue by revenue stream

    In € million 9M 2024 9M 2023 Variation
    YoY    		 Variation
    in cc*
    Recurring revenue 118.0 96.4 +22.5% +22.9%
    SaaS & Hosting 59.6 46.6 +27.8% +28.0%
    Evolutive support 35.9 29.8 +20.4% +21.1%
    Subscription support 8.4 6.3 +34.8% +35.0%
    Maintenance 14.1 13.6 +3.4% +3.5%
    Non-recurring revenue 15.5 15.3 +1.9% +2.0%
    Perpetual license 6.1 3.6 +70.1% +70.4%
    Implementation & others non-recurring 9.4 11.7 -19.2% -19.1%
    Revenue with customers 133.6 111.6 +19.7% +20.0%
    Other revenue – 0.7    
    Total revenue 133.6 112.3 +18.9% +19.3%

    * Revenue evolution in constant currencies, i.e. at 9M 2023 average exchange rates

    Q3 2024 revenue Investors & Analysts conference call

    Planisware’s management team will host an international conference call on October 23, 2024 at 8:00am CET to details Q3 2023 performance and key achievements, by means of a presentation followed by a Q&A session. The webcast and its subsequent replay will be available on planisware.com.

    Upcoming event

    • February 27, 2025:        FY 2024 results publication

    Contact

    About Planisware

    Planisware is a leading business-to-business (“B2B”) provider of Software-as-a-Service (“SaaS”) in the rapidly growing Project Economy. Planisware’s mission is to provide solutions that help organizations transform how they strategize, plan and deliver their projects, project portfolios, programs and products.

    With more than 700 employees across 14 offices, Planisware operates at significant scale serving around 600 organizational clients in a wide range of verticals and functions across more than 30 countries worldwide. Planisware’s clients include large international companies, medium-sized businesses and public sector entities.

    Planisware is listed on the regulated market of Euronext Paris (Compartment A, ISIN code FR001400PFU4, ticker symbol “PLNW”). For more information, visit: https://planisware.com/

    Connect with Planisware on: LinkedIn and X (formerly Twitter).

    Disclaimer

    Forward-looking statements

    This document contains statements regarding the prospects and growth strategies of Planisware. These statements are sometimes identified by the use of the future or conditional tense, or by the use of forward-looking terms such as “considers”, “envisages”, “believes”, “aims”, “expects”, “intends”, “should”, “anticipates”, “estimates”, “thinks”, “wishes” and “might”, or, if applicable, the negative form of such terms and similar expressions or similar terminology. Such information is not historical in nature and should not be interpreted as a guarantee of future performance. Such information is based on data, assumptions, and estimates that Planisware considers reasonable. Such information is subject to change or modification based on uncertainties in the economic, financial, competitive or regulatory environments.

    This information includes statements relating to Planisware’s intentions, estimates and targets with respect to its markets, strategies, growth, results of operations, financial situation and liquidity. Planisware’s forward-looking statements speak only as of the date of this document. Absent any applicable legal or regulatory requirements, Planisware expressly disclaims any obligation to release any updates to any forward-looking statements contained in this document to reflect any change in its expectations or any change in events, conditions or circumstances, on which any forward-looking statement contained in this document is based. Planisware operates in a competitive and rapidly evolving environment; it is therefore unable to anticipate all risks, uncertainties or other factors that may affect its business, their potential impact on its business or the extent to which the occurrence of a risk or combination of risks could have significantly different results from those set out in any forward-looking statements, it being noted that such forward-looking statements do not constitute a guarantee of actual results.

    Rounded figures

    Certain numerical figures and data presented in this document (including financial data presented in millions or thousands and certain percentages) have been subject to rounding adjustments and, as a result, the corresponding totals in this document may vary slightly from the actual arithmetic totals of such information.

    Variation in constant currencies

    Variation in constant currencies represent figures based on constant exchange rates using as a base those used in the prior year. As a result, such figures may vary slightly from actual results based on current exchange rates.

    Non-IFRS measures

    This document includes certain unaudited measures and ratios of the Group’s financial or non-financial performance (the “non-IFRS measures”), such as “recurring revenue”, “non-recurring revenue”, “gross margin”, “Adjusted EBITDA”, “Adjusted EBITDA margin”, “Adjusted Free Cash Flow”, “cash conversion rate”, “churn rate” and “Net Retention Rate” (or “NRR”). Non-IFRS financial information may exclude certain items contained in the nearest IFRS financial measure or include certain non-IFRS components. Readers should not consider items which are not recognized measurements under IFRS as alternatives to the applicable measurements under IFRS. These measures have limitations as analytical tools and readers should not treat them as substitutes for IFRS measures. In particular, readers should not consider such measurements of the Group’s financial performance or liquidity as an alternative to profit for the period, operating income or other performance measures derived in accordance with IFRS or as an alternative to cash flow from (used in) operating activities as a measurement of the Group’s liquidity. Other companies with activities similar to or different from those of the Group could calculate non-IFRS measures differently from the calculations adopted by the Group.

    Non-IFRS measures included in this document are defined as follows:

    • Adjusted EBITDA is calculated as Current operating profit including share of profit of equity-accounted investees, plus amortization and depreciation as well as impairment of intangible assets and property, plant and equipment, plus either non-recurring items or non-operating items.
    • Adjusted EBITDA margin is the ratio of Adjusted EBITDA to total revenue.
    • Adjusted FCF (Free Cash Flow) is calculated as cash flows from operating activities, plus IPO costs paid, if any, less other financial income and expenses classified as operating activities in the cash-flow statement, and less net cash relating to capital expenditures.
    • Cash Conversion Rate is defined as Adjusted FCF divided by Adjusted EBITDA. Planisware considers Cash Conversion Rate to be a meaningful financial measure to assess and compare the Group’s capital intensity and efficiency.
    • Net cash position is defined as Cash minus indebtedness excluding lease liabilities.

    Attachment

    The MIL Network –

  • MIL-OSI: TGS Announces Birmingham-Gemini 3D Seismic Survey in Appalachian Basin

    Source: GlobeNewswire (MIL-OSI)

    OSLO, Norway (23 October 2024) – TGS, a global leader in energy data and intelligence, today announced an extension to the Birmingham 3D seismic survey covering 276 square miles. The survey is strategically located on the western flank of the Appalachian Basin, aligning with the most prospective trend of the Utica-Point Pleasant formation and Clinton sands.

    Kristian Johansen, CEO of TGS, commented: “The Birmingham-Gemini 3D survey reflects TGS’ commitment to uncovering the Appalachian Basin’s potential. Combined with our well-log database and analytical products, it provides clients with critical insights to drive exploration and production success, highlighting our dedication to delivering premium geoscience data for informed decision-making.”

    The Birmingham-Gemini 3D seismic survey will target key formations in the Appalachian Basin, including the Ordovician Trenton, Black River, Utica/Point Pleasant, Cambrian reservoirs, and Silurian Clinton sands. Positioned up-dip from the Utica condensate and gas trend, the survey aims to explore the under-explored Point Pleasant oil window.

    Using advanced seismic imaging, the project will map deep structures to identify hydrocarbon traps, analyze facies changes and optimize well placement. These insights will aid operators in refining exploration and production strategies.

    TGS will enhance the seismic data by integrating it with its extensive Appalachian geologic and well database, including over 480,000 well logs. Proprietary formation tops and well performance metrics, available through the TGS Well Data Analytics platform, provide clients with comprehensive analysis for deeper insights into the region’s potential.

    Recording for the Birmingham-Gemini 3D survey will commence in early 2025, with the fully processed dataset available to clients by year-end.

    This project is supported by industry funding.

    For more information, visit TGS.com or contact:

    Bård Stenberg
    IR & Business Intelligence
    Mobile: +47 992 45 235
    investor@tgs.com

    About TGS
    TGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit http://www.tgs.com (https://www.tgs.com/).

    Forward Looking Statement
    All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict and are based upon assumptions as to future events that may not prove accurate. These factors include volatile market conditions, investment opportunities in new and existing markets, demand for licensing of data within the energy industry, operational challenges, and reliance on a cyclical industry and principal customers. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.

    The MIL Network –

  • MIL-OSI: WithSecure Interim report 1 January – 30 September 2024: Elements software continues growth, profitability maintained despite challenges in services

    Source: GlobeNewswire (MIL-OSI)

    WithSecure Corporation, Interim report 1 January – 30 September 2024, 23 October 2024 at 8.00 EEST

    WithSecure Interim report 1 January – 30 September 2024: Elements software continues growth, profitability maintained despite challenges in services

    Highlights of July – September 2024 (“third quarter”)

    • Annual Recurring Revenue (ARR)1 for Elements Cloud products and services2 increased by 11% to EUR 81.8 million (EUR 73.8 million)
    • Elements Cloud ARR decrease from previous quarter was 1%
    • Net Revenue Retention for Elements Cloud was 104%
    • Revenue for Elements Cloud increased by 9% to EUR 20.7 million (EUR 19.0 million)
    • ARR for Cloud Protection for Salesforce increased by 38% to EUR 10.2 million (EUR 7.4 million)
    • CPSF Revenue increased by 20% to EUR 2.4 million (EUR 2.0 million)
    • Cyber security consulting revenue declined by 1% to EUR 7.5 million (EUR 7.7 million)
    • Adjusted EBITDA for WithSecure was EUR 1.9 million (EUR -2.3 million)
    • Items affecting comparability (IAC) of EBITDA were EUR -0.4 million (EUR -0.2 million).
    • Consulting-related goodwill was impaired by EUR 15.5 million in the third quarter
    1. Annual recurring revenue (ARR) of cloud products is calculated by multiplying monthly recurring revenue of last month of quarter by twelve.  Monthly recurring revenue includes recognized revenue within the month excluding non-recurring revenue
    2. Elements Cloud includes Elements Cloud portfolio software and services as well as the managed services

    Highlights of January – September 2024

    • Revenue for Elements Cloud products and services increased by 10% to EUR 61.8 million (EUR 56.4 million)
    • CPSF revenue increased by 5% to EUR 6.6 million (EUR 6.3 million)
    • Cyber security consulting revenue increased by 2% to EUR 23.6 million (EUR 23.2 million)
    • Adjusted EBITDA for WithSecure was EUR 0.7 million (EUR -16.3 million)
    • Items affecting comparability (IAC) of EBITDA were EUR -0.9 million (EUR -3.4 million).

    Outlook for 2024

    Outlook for 2024 (updated on 11 October 2024)
    Annual recurring revenue (ARR) for Elements Cloud products and services will grow by 6–14 % from the end of 2023. At the end of 2023, Elements Cloud ARR was EUR 78.4 million.

    Revenue from Elements Cloud products and services will grow by 8–12 % from previous year. Previous year revenue from Elements Cloud was EUR 76.1 million.

    Total revenue of the group will grow by 2– 5 % from previous year. Previous year revenue of the group was EUR 142.8 million.

    Adjusted EBITDA of full year 2024 will be positive.

    Outlook for 2024 (previous)
    Annual recurring revenue (ARR) for Elements Cloud products and services will grow by 10–20 % from the end of 2023. At the end of 2023, Elements Cloud ARR was EUR 78.4 million.

    Revenue from Elements Cloud products and services will grow by 10–16 % from previous year. Previous year revenue from Elements Cloud was EUR 76.1 million.

    Total revenue of the group will grow by 6–12 % from previous year. Previous year revenue of the group was EUR 142.8 million.

    Adjusted EBITDA of full year 2024 will be positive.

    Figures in this report are unaudited. Figures in brackets refer to the corresponding period in the previous year, unless otherwise stated. Percentages and figures presented may include rounding differences and might therefore not add up precisely to the totals presented.

    CEO Antti Koskela

    In the third quarter of 2024, WithSecure ARR for Elements Cloud products and services grew by 11 % to EUR 81.8 million (EUR 73.8 million). Elements Cloud revenue grew by 9 % to EUR 20.7 million (EUR 19.0 million). Despite the slightly disappointing revenue growth, profitability of both Elements Company segment and WithSecure Group was positive at the Adjusted EBITDA level. Cloud Protection for Salesforce business returned to the growth track, with ARR growth of 38 %.

    In the Elements Company, Elements software continued to perform with good year-on-year growth. In the DACH (Germany, Austria, Switzerland) region, the revenue growth slowed down slightly, mostly due to the weakness of the German economy. In other European regions and Japan, the revenue and ARR growth continued. In Managed services, some large customers churned during third quarter. This development was affected by our increasing focus on selling managed services to mid-market customers through the Elements platform. However, despite the increase in the number of customers, revenue did not fully compensate for the churned accounts. Of the geographic regions, mostly the UK and the US have been impacted by the Managed services development.

    Exposure Management, introduced in SPHERE’24 reached General Availability during the third quarter. The customer demand for the newest module of Elements has remained high. Also, our AI assistant Luminen became available for all Elements customers in the third quarter.

    Elements Company Adjusted EBITDA was EUR 2.0 million (EUR -0.5 million), as a result of the cost savings of 2023 and continuous efficiency measures.

    In Cloud Protection for Salesforce (CPSF), focused efforts on improving sales efficiency resulted in breaking through the 10 million ARR threshold. ARR grew by 38 % to EUR 10.2 million (EUR 7.4 million). Revenue grew by 20 % to EUR 2.4 million (EUR 2.0 million). We continue to develop CPSF as an independent business in WithSecure. Profitability of the CPSF is moving towards break-even with the improving revenue.

    Cyber security consulting revenue was slightly below previous year’s level and was EUR 7.5 million (EUR 7.7 million). In some key accounts, we saw financial constraints in the third quarter. In the long term, we continue to see solid demand for cyber security consulting service. As announced on 31 October 2023, the Cyber security consulting business is under strategic review. We are in active discussions regarding divestment of the business, but no decision has been taken so far.

    Due to the gaps between actual and expected revenue, we lowered the financial outlook for 2024. For the changes in consulting revenue estimates and increased equity market risk, we recorded an impairment of the consulting-related goodwill of EUR 15.5 million in the third quarter.

    At the end of September, WithSecure’s headquarters moved to the new premises in Wood City, Helsinki. This is part of our plan of creating dynamic and collaborative workplaces, to welcome our employees and visitors and to foster well-being and creativity.

    Financial performance

    (mEUR) 7-9/2024 7-9/2023 Change % 1-9/2024 1-9/2023 Change % 1-12/2023
    Revenue 36.1 34.8 4% 109.2 104.8 4% 142.8
    Gross Margin 26.2 24.2 9% 78.4 72.6 8% 100.2
    % of revenue 72.6 % 69.5 %   71.8 % 69.3 %   70.2 %
    Other operating income1 0.7 0.2 227% 1.6 1.0 53% 1.4
    Operating expenses1 -25.0 -26.6 6% -79.2 -90.0 12% -117.7
    Sales & Marketing -13.7 -15.2 10% -42.9 -52.4 18% -68.1
    Research & Development -8.4 -8.2 3% -26.5 -27.6 4% -36.3
    Administration -3.0 -3.3 10% -9.8 -10.0 2% -13.3
    Adjusted EBITDA2 1.9 -2.3 182% 0.7 -16.3 -104% -16.1
    % of revenue 5.2 % -6.5 %   0.7 % -15.6 %   -11.3 %
    Items affecting comparability (IAC)              
    Other items -0.6 -0.1 -468% -1.6 -0.4 -301% -1.4
    Restructuring -0.4 -0.1 -303% -0.4 -4.4 90% -8.9
    Divestments 0.6     1.2 1.4 -15% 1.4
    EBITDA 1.5 -2.5 -160% -0.1 -19.7 99% -25.1
    % of revenue 4.1 % -7.1 %   -0.1 % -18.8 %   -17.6 %
    Depreciation & amortization, excluding PPA3 -2.6 -2.5 -5% -7.4 -7.6 2% -10.2
    Impairment -15.5 -6.2 -150% -15.5 -6.2 -150% -6.2
    PPA amortization -0.5 -0.6 15% -1.7 -1.8 4% -2.4
    EBIT -17.2 -11.8 46% -24.8 -35.3 30% -43.9
    % of revenue -47.5 % -33.8 %   -22.7 % -33.7 %   -30.7 %
    Adjusted EBIT2 -0.8 -4.8 84% -6.7 -23.9 72% -26.3
    % of revenue -2.1 % -13.7 %   -6.1 % -22.8 %   -18.4 %
    1. Excluding Items Affecting Comparability (IAC) and depreciation and amortization. In 2023 excludes also costs of services provided to F-Secure under TSA and equivalent income charged for TSA services. 
    2. Adjustments are material items outside the normal course of business associated with acquisitions, integration, restructuring, gains or losses from sales of businesses and other items affecting comparability. For reconciliation and a breakdown of adjusted costs, see Note 6 (Reconciliation of alternative performance measures)
    3. Amortization of intangible assets from business combinations (PPA, purchase price allocation, related amortizations). 
    (mEUR) 7-9/2024 7-9/2023 Change % 1-9/2024 1-9/2023 Change % 1-12/2023
    Earnings per share, (EUR)1 -0.10 -0.06 -69% -0.13 -0.16 18% -0.23
    Deferred revenue       65.7 65.7 0% 66.9
    Cash flow from operations before financial items and taxes -0.6 -9.0 94% -5.7 -22.5 75% -19.9
    Cash and cash equivalents       21.6 30.0 -28% 36.6
    ROI, % -60.8 % -33.3 % -82% -27.1 % -30.9 % 12% -30.5 %
    Equity ratio, %       66.6 % 79.1 % -16% 73.3 %
    Gearing, %       4.0 % -18.3 % -122% -22.2 %
    Personnel, end of period       983 1,147 -14% 1,087
    1. Based on the weighted average number of outstanding shares during the period 175,976,169 (1-9/2024). Earnings per share has been recalculated for comparative periods using average weighted share amount after share issues.

    Events after period-end
    No material changes regarding the company’s business or financial position have taken place after the end of the quarter.

    Additional information
    This is a summary of WithSecure’s interim report 1 January – 30 September 2024. The full report is a PDF file attached to this stock exchange release. Full report is also available on the company website.

    Webcast
    WithSecure’s CEO Antti Koskela and CFO Tom Jansson will present the results in a webcast on 23 October starting at 14.00 EEST. The webcast will be held in English and can be accessed at

    https://withsecure.videosync.fi/q3-2024

    Questions in written format are requested in the webcast portal. Presentation material and the webcast recording will be available on the company website

    Materials | Investor Relations | WithSecure™

    Financial calendar
    WithSecure will publish its financial information dates of 2025 later in the fourth quarter of 2024. WithSecure observes at least a three-week (21 days) silent period prior to publication of financial reports, during which it refrains from engaging in discussions with capital market representatives or the media regarding WithSecure’s financial position or the factors affecting it.

    Contact information

    Tom Jansson, CFO
    WithSecure Corporation

    Laura Viita, VP, Controlling, investor relations and sustainability
    WithSecure Corporation
    +358 50 487 1044
    investor-relations@withsecure.com

    Attachment

    The MIL Network –

  • MIL-OSI Asia-Pac: LC: Speech by CS in presenting Government Minute in response to Report No. 82 of Public Accounts Committee

    Source: Hong Kong Government special administrative region

         Following is the speech (translated from Chinese) by the Chief Secretary for Administration, Mr Chan Kwok-ki, in presenting the Government Minute in response to Report No. 82 of the Public Accounts Committee in the Legislative Council today (October 23):

    President, 

         Laid on the table today is the Government Minute (GM) responding to Report No. 82 of the Public Accounts Committee (PAC) presented to the Legislative Council (LegCo) on July 17, 2024.

         I welcome the Report of the PAC and am grateful for the time and efforts devoted by the Chairman of the PAC, Mr Shiu Ka-fai, and members of the PAC. The Government accepts all the PAC’s various recommendations and sets out in detail in the GM the specific responses of the relevant bureau and departments (B/Ds). The PAC conducted public hearings on the chapters on “Emergency dental services and elderly dental care support” and “Provision and monitoring of Rehabus services”. I would like to highlight the key follow-up measures taken and progress made by the Government and relevant organisations in response to the recommendations.

         Regarding improvements to the services of the General Public (GP) Sessions, the Department of Health (DH) has adjusted the preliminary registration time at nine dental clinics to prevent elderly persons from waiting until midnight. Among these, the time of disc distribution and formal registration at the Mona Fong Dental Clinic have also been adjusted so that patients can receive service after formal registration as soon as possible. The DH will roll out an online electronic disc distribution and registration system before the end of this year. By then, members of the public will no longer need to queue in person for obtaining discs, and will receive real-time information on the remaining disc quotas, i.e. they will know the number of disc quotas remaining on a real-time basis, so as to ensure that all quotas can be fully utilised. The system will give registration priority to elderly persons aged 65 or above. In addition, the Government will enhance emergency dental services targeting the underprivileged groups with financial difficulties in collaboration with non-governmental organisations (NGOs) under a new service model in 2025. The target is to provide additional service capacity which will be at least two times the current capacity of GP sessions. To ensure limited resources can be deployed to those in need (in particular the underprivileged groups), the Government will examine the cost-effectiveness and service arrangement of the GP sessions, and consider the need of introducing means tests or other eligibility criteria for emergency dental services, or other proposals such as replacement by provision of services to underprivileged groups in need by NGOs. This is to ensure the effective use of public healthcare resources.

         Regarding dental services in public hospitals, the DH has convened joint service meetings with the Hospital Authority (HA) and maintained relevant information as recommended in the Report. The HA also regularly monitors the achievement of targets on the waiting time for new case appointments at its Oral Maxillofacial Surgery and Dental Clinics, and assess patients’ conditions in a timely manner so as to arrange their first appointments as soon as possible. Furthermore, the DH and the HA have initiated discussions on the merging of hospital dental services and will take into account the observations and recommendations in the Audit Report.

         To alleviate the manpower shortage, the DH is conducting the year-round recruitment of local full-time and part-time dentists, provides incremental credits based on the applicants’ work experience, and relaxes the Chinese language proficiency entry requirements for the positions. The latest batch of 10 part-time contract dentists took office sequentially from July to September 2024, and 42 full-time dentists took office in September 2024. In addition, following the passage of the Dentists Registration (Amendment) Bill 2024 by the LegCo on July 10, 2024, the DH has been working with the Dental Council of Hong Kong to admit the first batch of non-locally trained dentists to Hong Kong through the new mechanism in the first quarter of 2025 so as to serve the public.

         As for elderly dental care support, the DH has further ascertained the reasons for non-participation in the Outreach Dental Care Programme for the Elderly (ODCP) of residential care homes for the elderly (RCHEs), day care centres for the elderly, and NGOs. The DH has also established a new mechanism with the Social Welfare Department to follow up with non-participating RCHEs and strengthen promotional work in encouraging the RCHEs to join the ODCP. Moreover, the DH has taken measures to ensure the participating NGOs’ fulfilment of their responsibilities according to the funding and service agreement terms. Except for during the COVID-19 epidemic when there were restrictions on visits to the RCHEs, the overall target number of service in 2023-24 were met.

         The DH has encouraged more private dentists to enrol in the Elderly Health Care Voucher Scheme (EHVS) through various means, such as introducing the EHVS at meetings or events organised by the Hong Kong Dental Association. The DH will continue to send reminder notifications and messages through the eHealth System (Subsidies) to healthcare service providers enrolled in the Scheme regularly, reminding them to update their enrolment particulars. Upon receiving notifications of change of particulars from healthcare service providers, the DH will process them and update the information on the website of the EHVS as soon as practicable. In addition to making use of private dental services in Hong Kong, eligible elderly persons may make use of the Elderly Health Care Vouchers (EHCVs) to pay for outpatient dental services at the University of Hong Kong-Shenzhen Hospital (HKU-SZH) and its Huawei Li Zhi Yuan Community Health Service Center (Huawei CHC) since 2015 and 2023 respectively. Moreover, the Government launched the Elderly Health Care Voucher Greater Bay Area Pilot Scheme (Pilot Scheme) in 2024. From June to September this year, the Pilot Scheme has been implemented in seven integrated services medical institutions or dental healthcare institutions that provide dental services in Guangzhou, Nansha, Zhongshan, Dongguan and Shenzhen, and eligible Hong Kong elderly persons may choose from more service points. Together with the two service points at the HKU-SZH and the Huawei CHC, elderly persons may pay for outpatient dental service fees with the EHCVs at a total of nine services points of the medical institutions in Mainland cities within the Greater Bay Area.

         Regarding the Elderly Dental Assistance Programme (EDAP) funded by the Community Care Fund, the services under the programme have been optimised from July 2, 2024 with the essential requirement of fitting removable dentures relaxed. This allows eligible elderly persons to receive dental services specified under the EDAP even if they are not suitable for dentures. This enhancement measure aims to encourage eligible elderly persons to manage dental diseases at an early stage by opting for preventive and curative dental services, thereby retaining their natural teeth as much as possible and avoiding tooth extractions and denture fittings. To further encourage the elderly persons to apply for services under the EDAP, the Health Bureau (HHB) is promoting the above programme through district service units. The implementing agent has held briefing sessions to introduce the EDAP to dentists and encourage their participation. Apart from strengthening its communication with the implementing agent, the HHB has taken measures to ensure that improvements have been made to the EDAP implementation, including enhancing the eligibility checking mechanism to cover all eligibility criteria, publishing a list of participating dentists and dental clinics, and revising the guidelines provided to service units to specify the appointment scheduling process for applicants who have not indicated their preferred dentist and dental clinic. To expedite the processing of long outstanding cases, the implementing agent has amended the guidelines issued to dentists and dental clinics to clearly include the time limit for claiming fees, and has increased manpower and enhanced computer performance.

         Based on the recommendations of the Working Group on Oral Health and Dental Care, the Government will strive to develop and promote primary dental care services in the future to help citizens manage their oral health, and to put prevention, early identification, and timely intervention of dental diseases into practice. The Government will also explore how to continue developing appropriate dental care services targeted at the underprivileged groups, including persons with financial difficulties, persons with disabilities or special needs and high risk groups. The target of the Working Group is to issue the Final Report before the end of its term by late 2024, and to present to the Government recommendations on implementing various policy directions and the development of dental services.

         Regarding Provision and monitoring of Rehabus services, the Labour and Welfare Bureau (LWB) and the Transport Department (TD) have actively followed up on the comments and recommendations made by the Audit Commission and the PAC on the provision and monitoring of Rehabus services.

         The TD is collecting data on the travelling needs of persons with disabilities through the Rehabus operators (the operators) for assessing the demand for Rehabus services. The LWB will review the policy and models of service delivery of Rehabus services upon receipt of relevant data and assessment. The TD is also reviewing the existing arrangement of signing Memoranda of Understanding (MOUs) with the operators and considering the adoption of other legally binding regulatory approaches for more effective monitoring of Rehabus services.

         To monitor the performance of the operators, the TD implemented various measures to ensure the operators’ strict compliance with the requirements stipulated in MOUs, including convening meetings of the Rehabus Management Committee and the Users’ Liaison Group as required, submitting the financial documents in a timely manner, etc. The TD also increased its regular meetings with the operators from once every quarter to once a month, and will conduct service reviews on an annual basis and set additional performance pledges.

         Regarding the procurement of vehicles, the TD updated the relevant procurement guidelines with the operators and formulated an action checklist to ensure that staff concerned strictly comply with the relevant procurement requirements and procedures.

         As regards the provision of scheduled route service, the TD is closely monitoring the operator’s review of the existing services and progress of route consolidation. In addition, as per the TD’s advice, the operator has provided connecting services to nearby railway stations or interchanges since September 2024 as an option for applicants who have been waiting for the service for some time. This arrangement will help reduce the number of applicants for the service, hence will shorten the waiting time as well.

         As for the provision of dial-a-ride (DAR) service, the TD urged the operator to step up its efforts in recruiting drivers. The shortage of drivers has improved, and the rate of rejected orders of DAR service due to insufficient drivers also dropped. The TD is also closely monitoring the operator’s adoption of the new integrated computer system in arranging shared-use service, with a view to exploring the feasibility of further enhancing the shared-use arrangement.

         Regarding the provision of feeder service, the TD reviewed with the operator the hospital routes and recreational routes with low patronage, and will continue to consolidate and enhance the service to improve operational efficiency. Subject to the manpower arrangement of drivers, the TD is also exploring with the operator the feasibility of further shortening the booking time of recreational route service.  Furthermore, the TD explored with the operators the setting of a limit on the maximum number of carers for DAR service and feeder service, and will consult the stakeholders in due course. The TD will continue to monitor the operator’s implementation of various service enhancement pledges, increase the number of monitoring surveys, step up spot checks on the operator and accounting records, etc.

         President, I would like to thank the PAC again for its efforts and suggestions. The B/Ds concerned will strictly adhere to their responses and implement various improvement measures as set out in the GM with full efforts.

         Thank you, President.

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: From nail-standing to managing emotions: “Youth of Moscow” will hold a series of events in a multi-format space

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    The project “Youth of Moscow” opens a new program “Megapolis of your ideas”. It includes educational and entertainment events aimed at developing creativity and forming useful skills. These are various master classes, lectures and a board game championship. They will be held at the site of the multi-format space of the project.

    “As part of the survey “Moscow – the youth capital of Russia” we were able to learn even more about what events are interesting to our youth. Based on the data received, a new program was formed that satisfies the main interests of the children. Now they will be able to find even more opportunities and develop in the areas that they themselves have chosen,” noted

    Ekaterina Dragunova, Chairman of the City Committee for Public Relations and Youth Policy.

    The events of the “Megapolis of Your Ideas” program are prepared taking into account the interests of young city dwellers. Thus, within the framework of the “Life in Balance” direction, dedicated to a healthy lifestyle, a series of thematic master classes will be held, for example, on nail-standing and managing emotions. In addition, everyone will be able to meet with experts and take part in discussions on such topics as positive thinking, developing self-discipline and motivation.

    The “Code of the Future” direction will be dedicated to self-development. Guests will enjoy lectures from experts on the following topics: finances and resources, idea generation, working with artificial intelligence, and others.

    The “Connections on Connection” direction will help young city dwellers make new acquaintances. They will join a board game championship, including mafia, jenga and monopoly. In addition, the organizers have prepared master classes on modeling, self-care and self-defense, as well as meetings dedicated to films and computer games.

    You can try your hand at creativity at master classes on linocut, painting clay pots, dancing and playing musical instruments, which will be held as part of the “Art of Being Yourself” direction.

    Sergei Sobyanin: The Youth of Moscow project is four years old

    The program will begin on October 24 at 6:00 PM with a hip-hop master class. It will be conducted by professional dancer Anna Kuzminkova. Pre-registration is required. by link.

    On October 28 at 18:00 there will be a lesson by nailingThe leader will help participants overcome their fears and gently enter into the practice.

    On October 31 at 6:00 p.m., everyone is invited to a hip-hop master class by Vladislav Falileev, winner of the title “Mr. Moscow Student 2023”. He will show beginner dancers a few simple moves and learn choreographic combinations with them. To participate, you must pre-register by link.

    Previously, the City of Assignments project conducted a survey called “Moscow — the youth capital of Russia.” Young residents could share their opinions about what kind of events they are interested in, where they most often find information about them, and when it is more convenient for them to attend them.

    Based on the voting results, key areas of interest to young people were selected: healthy lifestyle, expanding the circle of acquaintances (networking meetings), new knowledge and creativity. They became the basis for the program “Megapolis of your ideas”. You can take part in it for free, preliminary registration is required on the portal.

    The organizer of the series of events is the project “Youth of Moscow” of the city Committee on Public Relations and Youth Policy. The project helps identify and implement the requests of the capital’s residents. During its work, more than 3.5 thousand events were organized, in which over two million people took part.

    You can find out more about the opportunities for young Muscovites on the portal “Youth of Moscow” and project pages in social networks.

    The “City of Tasks” project has been operating since 2022. With its help, residents of the capital can monitor the work of city services, participate in environmental, sports and other events. The project is being developed by the State Institution “New Management Technologies” and the city Department of Information Technology.

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

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

    https://vvv.mos.ru/nevs/item/145641073/

    MIL OSI Russia News –

  • MIL-OSI Russia: Sobyanin told how administrators are being prepared for work in Moscow medical institutions

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    The My Administrator project has been running for four years. It first started working in outpatient clinics, and then in outpatient oncology centers, hospital admissions departments, and flagship emergency centers. About the project and the people who are bringing it to life, in his blog Sergei Sobyanin.

    “Since the first days of work, the calling card of Moscow public service centers “My Documents” has been sincere service. And four years ago, friendly, responsive administrators, capable of finding an approach to solving any problem, came to the city’s healthcare institutions,” the Mayor of Moscow wrote.

    Today, more than two thousand administrators work in 347 buildings of medical organizations in the city. Specialists help patients understand the work of the unified medical information and analytical system, register with a polyclinic, and sign up for examinations. They also maintain contact with relatives and resolve many other organizational and everyday issues. In total, over four years, administrators have come to the aid of patients more than 195 million times.

    To become an administrator, you first need to work in the My Documents offices: hone your skills in confident and friendly communication with people, immerse yourself in the corporate culture of government service centers and, finally, understand whether all this suits you.

    Then you need to undergo training at the educational center “Academy of Sincere Service”. Here, future administrators are introduced to the specifics of work in clinics, flagship centers and admissions departments, their proactive behavior skills are developed, and they are also taught options for solving non-standard situations. And only after that can they begin to perform their duties in medical institutions.

    Guided by the principle of “people first” that was laid down in multifunctional centers, administrators strive to devote time to each patient. They already have many good stories in their collection.

    Marina Grigoryan, an administrator at the City Clinical Hospital No. 67 named after L.A. Vorokhobov, told about one of them. One day, a neurosurgeon approached her and asked her to help a patient. The girl lost consciousness on the street, and passersby called an ambulance. Sofia (that was the patient’s name) came to visit her boyfriend from another city and went for a run, where everything happened. The girl did not remember her friend’s phone number or the address of his apartment. And only after remembering his nickname on a social network, Sofia was able to write a message using the administrator’s account. The young man came to pick her up, and everything ended well.

    “Once a patient with a head injury was admitted to the emergency room. This in itself is very unpleasant. But it was clear that the woman was upset about something else. After talking to her, I found out that the patient was in a hurry to catch the bus, slipped and fell, hitting her head hard. Because of this, she will not be able to meet her grandchildren who came to visit and spend the long-awaited weekend with them. Then we helped her call her grandchildren via video link. And after she was discharged, we called a taxi home,” Olga Shibaeva, an administrator at the V.P. Demikhov Hospital, shared her story.

    Tatyana Belikova, administrator of Diagnostic Center #3, Branch #1, told how, while working in the information terminal area, she was helping a visitor reschedule her appointment for a fluorography and noticed that the woman’s hands were shaking and her face was sweating. When asked about her health, she replied that she was dizzy and had difficulty breathing. But the woman was in a hurry to get the examination done quickly so that she could make it to work. But Tatyana saw that the person needed urgent help. She promised to reschedule the fluorography for another time and insisted on an immediate visit to the doctor on duty. And as it turned out, she was right: the woman began to lose consciousness. She was immediately seated in a wheelchair and taken to the doctor. It was a heart attack. The clinic’s cardiologist provided emergency assistance and gave the order to call an ambulance. The patient was hospitalized and given the necessary treatment.

    And Elina Evgrafova, an administrator at Branch No. 4 of City Children’s Polyclinic No. 10, recalled how during her shift a father with five small children came to the doctor on duty. He looked confused and did not understand what to do. Elina met the family at the entrance, taught the children how to use the shoe cover machines, helped them undress and make an appointment with the doctor. And then she and the children, while they were waiting for an appointment, played “The Swan Flew.” The kids were happy, and the head of the family was very grateful for the sincere and friendly attitude. The visit to the polyclinic turned out to be not only successful, but also fun.

    Sergei Sobyanin spoke about the introduction of sincere service in healthcare institutions

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

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

    https://vvv.mos.ru/major/themes/11917050/

    MIL OSI Russia News –

  • MIL-OSI Australia: Serious assault at Elizabeth

    Source: South Australia Police

    Three teenagers have been arrested following an assault at Elizabeth this afternoon.

    Just after 2.30pm on Wednesday 23 October, police were called to a shopping centre on Elizabeth Way following reports of a disturbance between a group of youths in the food court.

    ​During the altercation, a boy was allegedly stabbed in the torso.

    ​A 18 -year-old boy was taken to hospital for treatment of serious injuries.

    ​Police located the suspects nearby.

    Three teenage boys have been arrested, 17-year-old from Salisbury East, a 16-year-old boy from Brahma Lodge and a 14-year-old from Elizabeth Vale.

    ​They are expected to be charged later today.

    ​Police are investigating the incident and will review CCTV footage to identify other people involved in the assault.

    ​There was no disruption caused to centres trading.

    Police ask if anyone witnessed the assault to please call Crime Stoppers on 1800 333 000 or online at http://www.crimestopperssa.com.au – you can remain anonymous.

    MIL OSI News –

  • MIL-OSI: Sampo plc’s share buybacks 22 October 2024

    Source: GlobeNewswire (MIL-OSI)

    Sampo plc, stock exchange release, 23 October 2024 at 8:30 am EEST

    Sampo plc’s share buybacks 22 October 2024

    On 22 October 2024, Sampo plc (business code 0142213-3, LEI 743700UF3RL386WIDA22) has acquired its own A shares (ISIN code FI4000552500) as follows:                

    Sampo plc’s share buybacks Aggregated daily volume (in number of shares) Daily weighted average price of the purchased shares* Market (MIC Code)
      5,548 41.04 AQEU        
      42,058 41.04 CEUX
      1,009 41.02 TQEX
      43,104 41.05 XHEL
    TOTAL 91,719 41.05  

    *rounded to two decimals                

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

    After the disclosed transactions, the company owns in total 9,134,466 Sampo A shares representing 1.66 per cent of the total number of shares in Sampo plc, taking the issuance of shares on 16 September 2024 into account.

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

    On behalf of Sampo plc,
    Morgan Stanley

    For further information, please contact:

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

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

    Attachment

    The MIL Network –

  • MIL-OSI: Ringkjøbing Landbobank’s quarterly report for the first three quarters of 2024

    Source: GlobeNewswire (MIL-OSI)

    Nasdaq Copenhagen
    Euronext Dublin
    London Stock Exchange
    Other stakeholders

    23 October 2024

    Ringkjøbing Landbobank’s quarterly report for the first three quarters of 2024

    The bank’s board of directors and general management have today approved the quarterly report for the first three quarters of 2024.

    With net profit of DKK 1.77 billion for the first three quarters of 2024, the bank specifies the expected results for net profit for 2024 to the top of the DKK 2,000-2,350 million range.

    Core earnings

    (DKK million) Q1-Q3 2024 Q1-Q3 2023 2023 2022 2021 2020
    Total core income 3,067 2,785 3,828 2,862 2,433 2,179
    Total expenses and depreciation 761 708 963 891 817 788
    Core earnings before impairment charges 2,306 2,077 2,865 1,971 1,616 1,391
    Impairment charges for loans etc. +2 -1 -1 -2 -68 -223
    Core earnings 2,308 2,076 2,864 1,969 1,548 1,168
    Result for the portfolio etc. +56 -36 -7 -69 +7 -9
    Amortisation etc. on intangible assets 15 15 20 20 17 15
    Tax 579 484 682 385 309 224
    Net profit 1,770 1,541 2,155 1,495 1,229 920

    Highlights of the first three quarters of 2024

    • The net profit is DKK 1,770 million, equivalent to a 22% p.a. return on equity
    • Earnings per share – measured on net profit – increase by 20% to DKK 69
    • Core income increases by 10% to DKK 3,067 million
    • Costs increase by 8%, and the cost/income ratio decreases to 24.8%
    • In the first three quarters of 2024, the bank carried impairment charges of DKK 2 million to income based on strong credit quality while, in the first nine months of 2024, the total management estimates increased by DKK 52 million 
    • Highly satisfactory increase in customer numbers and growth of 9% in loans, 4% in deposits and 14% in funds in custody accounts
    • The bank’s brands remain highly ranked in the annual Voxmeter Image survey where the Ringkjøbing Landbobank brand takes first place.
    • The expected result for 2024 is specified to be at the upper end of the upwardly adjusted DKK 2,000-2,350 million range

    Yours sincerely

    Ringkjøbing Landbobank

    John Fisker
    CEO

    Attachments

    The MIL Network –

  • MIL-OSI Asia-Pac: LCQ3: Legislative Council General Election

    Source: Hong Kong Government special administrative region

         Following is a question by the Hon Stanley Ng and a reply by the Secretary for Constitutional and Mainland Affairs, Mr Erick Tsang Kwok-wai, in the Legislative Council today (October 23):
     
    Question:
     
         The National People’s Congress passed a Decision on improving the electoral system of the Hong Kong Special Administrative Region in March 2021 to fully implement the principle of “patriots administering Hong Kong”. Subsequently, the SAR Government completed the work of amending the relevant local electoral legislation in accordance with Annexes ‍I and II to the Basic Law as amended by the Standing Committee of the National People’s Congress. On the other hand, the current term of the Legislative Council (LegCo) will end on December 31 next year, and the LegCo General Election will be held at the end of next year. There are views that the LegCo General Election is an important aspect of implementing the principle of patriots administering Hong Kong and promoting good governance of the SAR Government, and there must not be any chance of a mishap. In this connection, will the Government inform this Council:
     
    (1) with reference to the overwhelming publicity for the 2023 District Council Ordinary Election, how the Government will further step up the efforts in the publicity for the LegCo General Election next year, so as to enhance the atmosphere of the election and call upon more electors to actively participate in voting to elect patriotic and capable people to participate in the work of LegCo;
     
    (2) as the Government has indicated that it will expand the application of information technology to make elections more efficient and user-‍friendly, of the new information technology that the Government will consider applying in the LegCo General Election to be held next year, so as to enhance the effectiveness of the election; and
     
    (3) with reference to past electoral experience, how the Government assesses and resolves the potential risks in the LegCo General Election to be held next year, so as to ensure that the election will not be subject to external interference and will be conducted in a safe, orderly and fair manner?
     
    Reply:
     
    President,
     
         After the improvement of the electoral system in 2021 and the improvements in district governance and reforms to the District Councils in 2023, the electoral system of the Hong Kong Special Administrative Region (HKSAR) has been improved. The HKSAR Government has successfully held five important elections, allowing Hong Kong to achieve good governance as well as entering the stage from stability to prosperity. As President Xi Jinping stated: “The new electoral system is a political and democratic system that aligns with the principle of ‘one country, two systems’, fits the realistic conditions of Hong Kong, and meets the developmental needs of Hong Kong, which must be treasured and adhered to in the long term.”
     
         In response to the questions raised by the Hon Stanley Ng, the replies are as follows:
     
    (1) The HKSAR Government has emphasised time and again that the electoral system of the HKSAR is crucial to the stability of “one country, two systems”, and to the good governance and long-term stability of the HKSAR. The improved electoral system not only safeguards the security of the country’s political power, but also fully implements the principle of “patriots administering Hong Kong”, which protects the jurisdiction of the HKSAR, as well as the harmony and stability of Hong Kong and the well-being of the public. The new electoral system has also demonstrated its characteristics and advantages of broad representativeness, political inclusiveness, balanced participation and fair competition, laying a solid foundation for the long-term and healthy development of democracy in Hong Kong. For this reason, the Government has spared no effort in publicising and promoting the new electoral system, so that members of the public can fully understand that the new electoral system is closely related to them and its importance. In particular, whenever large-scale public elections are held, the HKSAR Government will launch massive publicity campaigns to create a heated election atmosphere in the whole community, so that the public will be keenly concerned about and participate in the elections enthusiastically, so as to elect people who are trustworthy and genuinely committed to contributing to our country and Hong Kong to take up the relevant seats.
     
         Take last year’s District Council Election (DCE) as an example, a number of innovative and diversified approaches were adopted in the publicity work, such as the “Night Vibes DCE”, “DCE into the Community” and the “Build a Better Community Gala”, which were brand new, down-to-earth and in close proximity to the public; in addition to the distribution of thank you cards to voters and the setting up of “check-in” spots, which were well received by the public and had a very satisfactory effect on the overall publicity work. Various government bureaux and departments have also made concerted efforts to launch various forms of election publicity activities, resulting in a pervasive election atmosphere in the whole community, and the effectiveness of which is evident to all.
     
         In view of the importance of elections and the successful experience gained in the past, the Government will continue to conduct publicity works for future public elections, such as the Legislative Council General Election (LCGE) to be held next year, through various innovative, diversified and down-to-earth means, with a view to launching more highlight activities to create a strong election atmosphere, so as to enhance the public’s awareness of the elections on the one hand, and to increase their attention to and participation in the elections on the other.
     
         At present, we are conducting a detailed review and optimising the planning of the arrangements for the various processes of the election, including the publicity work for the LCGE, etc. We will consult the Legislative Council as soon as possible when we have any specific ideas at a later stage.
     
    (2) Since the improvement of the electoral system, the HKSAR Government has also been striving to optimise and enhance the various arrangements for elections, so as to ensure that elections are conducted in a fair, just and honest manner, and at the same time, to have efficiency and user-friendliness constantly enhanced. For example, the Registration and Electoral Office (REO) has introduced an electronic poll registration system since 2021, which is much more efficient and accurate than the previous mode of manual ballot paper distribution, thus significantly reduced the time for electors to queue up for ballot paper distribution and casting their votes.
     
         In addition, during last year’s DCE, the REO set up an online booking platform for electors to register for the use of the near boundary polling stations, so as to facilitate members of the public to plan their itinerary for the election day well in advance. A dedicated website was also provided to allow electors to check the real-time queuing hours of the polling stations, so as to facilitate the planning of polling arrangements by electors. In addition, the REO has also set up additional electronic ballot paper checking devices at the polling stations for the electors of the District Council constituencies to ensure that the ballot papers are properly and validly marked. Starting from this year, the Government’s “iAm Smart” application has been fully integrated into the voter registration process for providing a more convenient experience to the applicants.
     
         At present, we are conducting a comprehensive review of the various electoral processes and considering the introduction of appropriate information and intelligent technologies in the light of the actual situation. However, when considering the specific arrangements, we shall give holistic consideration to the application of technology, enhancement of efficiency, safety and security, privacy protection and public perception, and strike a proper balance to ensure the safe and orderly conduct of the election. We will consult members of the Legislative Council again when we have come up with the specific arrangements later.
     
    (3) With the electoral system imrpoved and the principle of “patriots administering Hong Kong” fully implemented, the governance of the HKSAR is now firmly in the hands of the patriots. In regard to the LCGE to be held next year, the systemic safeguard of the political system can be categorised into the following four levels:
     
         (i) candidates must be nominated by two to four members of the Election Committee from each sector. All Election Committee members are patriots who love Hong Kong and will exercise stringent gate-keeping in making nominations, so as to ensure that those who are not patriots and do not love Hong Kong will be excluded;
     
         (ii) the eligibility of candidates will be checked and confirmed by the “Candidate Eligibility Review Committee” to ensure that the statutory requirements of upholding the Basic Law and bearing allegiance to the HKSAR of the People’s Republic of China (PRC) are met;
     
         (iii) candidates will be required to take the oath to uphold the Basic Law and bear allegiance to the HKSAR of the PRC in accordance with the law when standing for election and assuming office, and the oath will be confirmed by the Commissioner for Oaths to be valid; and
     
         (iv) even after the assumption of office, if the candidate concerned has acted in breach of the oath, the Government may activate the statutory procedures to disqualify the relevant person from the office in accordance with the law.
     
         In respect of electoral arrangements, the REO has all along maintained close liaison with the police and other law-enforcement agencies, and has put in place an established mechanism for collecting and analysing intelligence to objectively assess the risk of an election being obstructed, interfered with, disrupted or seriously affected, and to take measures as appropriate to mitigate the relevant risks and hazards, as well as to draw up various contingency plans to cope with any unforeseen circumstances.
     
         In addition, since the last DC election, the Constitutional and Mainland Affairs Bureau, in conjunction with the Information Services Department and other relevant departments, has set up a rapid response team before and after the election day to closely monitor and pay attention to various types of information during the election period, and to swiftly and effectively refute or clarify all kinds of false or inaccurate information or comments, so as to ensure that the election will not be affected.

         Thank you, President.

    MIL OSI Asia Pacific News –

  • MIL-OSI Security: Two men jailed after murdering teenager yards from his home in Edmonton

    Source: United Kingdom London Metropolitan Police

    Two men have been jailed after being found guilty of murdering a teenager in Edmonton.

    The court heard how Bernard Carroll, 20 (26.12.23) of Church Street, Enfield and Josiah James Semper, 19 (31.03.05) of Cromie Close, Enfield pursued and fatally stabbed 16-year-old Taye Faik as he fled towards his home. Both were found guilty of Taye’s murder following the conclusion of a trial at Snaresbrook Crown Court on Wednesday, 16 October.

    At the same court on Tuesday, 22 October, both men were sentenced to life imprisonment to serve a minimum term of 22 years.

    Detective Chief Inspector Joanna Yorke, from the Met’s Specialist Crime Command, led the investigation. She said: “This was a shocking and brutal attack on a teenage boy who was yards from his front door.

    “Semper was armed with a flick knife and inflicted the fatal wound, while Carroll drove the car to Kendal Gardens, fully in the knowledge that Semper was armed and in no doubt that significant violence would take place. It was evident from the investigation that there was a significant degree of planning involved.

    “Taye’s family have had to endure the trauma of losing him and then hearing evidence of the attack throughout the trial process. While nothing can be done to ease their pain, I hope that the fact Carroll and Semper have been held to account for their part in Taye’s murder brings them a small degree of comfort.

    “This conviction and the subsequent sentence should demonstrate the serious consequences and loss of life that is associated with carrying a knife. The sentencing today should act as a deterrent to anyone else in possession of such dangerous weapons.”

    An investigation was launched after police were called at 23:27hrs on 1 October 2023 to reports of a stabbing in Kendal Gardens, N18. Despite the efforts of the emergency services, Taye died at the scene.

    Taye had been out walking his dog and was yards from his home when he was attacked by at least two occupants who had got out of a waiting car. Witnesses reported hearing the attack and seeing the car driving at speed as it left the area. Taye made it back to his house where he collapsed in the hallway, fatally injured.

    Detectives quickly began to piece together the events of that evening, initially using CCTV to plot the movements of a car that the attackers had used.

    This car was later found abandoned in a nearby car park – it was on false registration plates and had been stolen a couple of weeks earlier.

    A thorough investigation enabled officers to plot the movements of the vehicle and its occupants on the day Taye was attacked and fatally injured.

    Bernard Carroll was arrested on 6 November 2023 after officers tracked him down to an address in Edmonton. He refused to answer any questions about the attack on Taye.

    Josiah Semper had fled to Antigua shortly after the murder, but was arrested when he returned to the UK on 17 November 2023. Again, when questioned about the attack on Taye, he declined to answer any questions.

    MIL Security OSI –

  • MIL-OSI: Production report for August and September 2024

    Source: GlobeNewswire (MIL-OSI)

    Oslo, 23 October 2024

             August 2024 September 2024
    Operated Boepd (1) Bopd (2) Boepd (1) Bopd (2)
    Colombia 502 292 480 274
    Argentina 723 34 1,602 218
    Total operated 1,225 326 2,082 492
    Total equity 645 206 1,014 276

    (1)   Barrels of oil equivalents per day (includes liquid and gas)
    (2)   Barrels of oil per day (represents only liquids)
    [boepd]: barrels of oil equivalents per day (includes liquid and gas)
    [Operated]: 100% field production operated by Interoil
    [Equity]        : Interoil’s share production net of royalties.

    Comments

    Interoil’s daily average total operated production in September ended at 2,082 boepd, showing a significant improvement from August (+857 boepd). This increase was primarily due to the recovery of Argentina’s production, which had been affected by severe winter conditions. In Colombia, production decreased slightly by 22 boepd, while in Argentina, production surged by 879 boepd.

    In Argentina, production in August was severely impacted by winter weather, which obstructed roads and prevented movement, leading to the shut-in of a significant portion of production. With the arrival of spring, field personnel were able to return to operational duties, resulting in production returning to pre-winter levels in September. The company continues efforts to sustain and further increase production in the current month.

    In Colombia, production at Puli C decreased in September, primarily from the Mana field, while Vikingo-1 remained out of production. The workover rig has been delayed due to a pending oversized load permit from local road transit authorities. The replacement of the downhole production system in Vikingo began in October, and the work program is expected to last 10-15 days, assuming no further delays.

    Additional information

    Further details about production performance are shown in the attached document. The graphs and tables illustrate both operated and equity production of oil and gas by country. “Operated production” refers to the total output from fields operated by Interoil, while “Equity production” refers to Interoil’s share of production, net of royalties.

    This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

    ***************************

    Please direct any further questions to ir@interoil.no

    Interoil Exploration and Production ASA is a Norwegian based exploration and production company – listed on the Oslo Stock Exchange with focus on Latin America. The Company is operator and license holder of several production and exploration assets in Colombia and Argentina with headquarter in Oslo.

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

    Attachment

    The MIL Network –

  • MIL-OSI Asia-Pac: FS begins New York visit

    Source: Hong Kong Information Services

    Financial Secretary Paul Chan has begun a visit to New York by delivering a keynote speech at the Bloomberg Global Regulatory Forum on the theme of how to build a future-proof financial system.

    Mr Chan outlined that despite facing various challenges in recent years, Hong Kong’s economic and financial fundamentals remain strong and resilient.

    He highlighted that data, in addition to international rankings and assessments, show that Hong Kong continues to play an important role in the global financial market and serve as a leading international financial centre in Asia. He added that its levels of economic freedom and competitiveness are among the highest in the world, and that recent inflows of investment from the US and Europe reflect confidence in the city.

    Mr Chan also iterated that thanks to the “one country, two systems” arrangement and China’s pursuit of high-level opening-up, Hong Kong’s unique advantages will only become more evident, making the city better able to fulfil its role as a “super-connector.”

    In his speech, Mr Chan also elaborated on Hong Kong’s robust financial regulation.

    He said that as a small and fully open economy, the city has learned from past experience how to respond to external shocks and market volatility. This has been achieved through identifying and addressing systemic weaknesses, establishing a cross-sectoral, co-ordinated and round-the-clock risk detection and monitoring system, and building strong buffers to respond to various risks and challenges.

    The Financial Secretary emphasised that the ultimate goal of financial regulation is to promote healthy and sustainable market development, which is why Hong Kong’s financial regulators take on dual roles as both regulators and market enablers. He explained that this requires them to establish an agile and forward-looking regulatory regime, respond swiftly to market changes, and embrace technological innovation, with a view to creating the conditions for a thriving market and promoting the financial system’s long-term development.

    Finally, Mr Chan shared two key future development directions for Hong Kong – namely that it will continued to deepen various “connect” schemes and strengthen links and regulatory co-operation with Mainland and global capital markets; and that it will embrace innovation, which includes enabling the responsible and sustainable development of digital assets.

    Prior to giving his speech, Mr Chan met Founder of Bloomberg L.P. and Bloomberg Philanthropies Michael Bloomberg to exchange views on issues of mutual concern.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Kowloon City youth hostel approved

    Source: Hong Kong Information Services

    The Home & Youth Affairs Bureau today approved a youth hostel project located in the Regal Oriental Hotel in Kowloon City, with a total of 80 rooms that will provide up to 160 hostel places.

    Named YOT Hub, the project is the fifth one under the Subsidy Scheme for Using Hotels & Guesthouses as Youth Hostels. 

    The project will be launched by the Yan Oi Tong company and the Regal Hotels Group.

    One of the features of the project is to help youth tenants enrich their understanding of the national development opportunities through trainings, and exchange and internship programmes.

    It will also provide young people with self-enhancement and support services in different aspects, such as financial management courses, career development workshops and mental health seminars.

    In addition, Yan Oi Tong will form a youth service team and invite young people to collaborate in organising community activities.

    It also plans to arrange volunteer services regularly to encourage young people to contribute to the community and establish their sense of belonging to society and responsibility.

    The bureau said YOT Hub is well connected by public transport with comprehensive community facilities in the vicinity.

    It added that the project not only provides young people with a comfortable living environment but also enables them to broaden their horizons and achieve their personal development goals through various self-enhancement activities. 

    The bureau expressed that it is delighted that the subsidy scheme continues to gain support from hotel and guesthouse operators to provide youth with an enabling environment and hope for the future.

    It added that it intends to continue to collaborate with relevant stakeholders who share its vision to take forward youth hostel projects.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: BL test for teachers scheduled

    Source: Hong Kong Information Services

    The second sitting of the Basic Law & National Security Law Test (BLNST) in the 2024-25 school year is scheduled for December 15, the Education Bureau (EDB) announced today.

    Applications can be made from Friday until November 7. 

    Target participants for this round of the test are bachelor’s degree holders, or students who will attain a bachelor’s degree in 2025 or 2026, who plan to join or change to another secondary school, primary school or kindergarten to take up a teaching post.

    Limited places for the test will be available on a first come, first served basis.

    Those who have obtained a pass result in a test organised by the EDB, the Civil Service Bureau or a recruiting department or grade, will not be accepted to sit for it again. 

    The third, fourth and fifth sittings of the test will be held in April, June and July next year. Relevant arrangements will be announced in due course.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: 2024-25 judicial service pay adjustment

    Source: Hong Kong Government special administrative region

    2024-25 judicial service pay adjustment
    2024-25 judicial service pay adjustment
    ***************************************

         On the recommendation of the Standing Committee on Judicial Salaries and Conditions of Service (Judicial Committee) chaired by Dr Clement Chen, the Chief Executive in Council has decided that the pay for Judges and Judicial Officers (JJOs) for 2024-25 should be increased by 3 per cent. The pay adjustment will take retrospective effect from April 1, 2024.     ​     A Government spokesman today (October 23) said, “In coming up with its recommendation on judicial pay for 2024-25, the Judicial Committee premised its deliberations on the need to uphold the principle of judicial independence; and adopted a balanced approach taking into account a basket of factors as approved by the Chief Executive in Council in May 2008 and the position of the Judiciary. The basket of factors includes:(a) responsibility, working conditions and workload of judges vis-à-vis those of lawyers in private practice;(b) recruitment and retention in the Judiciary;(c) retirement age and retirement benefits of JJOs;(d) benefits and allowances enjoyed by JJOs;(e) unique features of the judicial service such as security of tenure, the prestigious status and high esteem of the judicial offices;(f) prohibition against return to private practice in Hong Kong;(g) overseas remuneration arrangements;(h) cost of living adjustments;(i) general economic situation in Hong Kong;(j) budgetary situation of the Government;(k) private sector pay levels and trends; and(l) public sector pay as a reference.”     A copy of the Report on Judicial Remuneration Review 2024 submitted by the Judicial Committee to the Chief Executive on August 21, 2024, is available on the website of the Joint Secretariat for the Advisory Bodies on Civil Service and Judicial Salaries and Conditions of Service (www.jsscs.gov.hk/en/publications/reports_jscs.htm).     ​     The Government will seek the approval of the Finance Committee of the Legislative Council on the proposed pay adjustment.

     
    Ends/Wednesday, October 23, 2024Issued at HKT 14:00

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    MIL OSI Asia Pacific News –

  • MIL-OSI: Capgemini announces leadership appointments

    Source: GlobeNewswire (MIL-OSI)

    Media relations:
    Sam Connatty
    Tel.: +44 (0)370 904 3601
    Email: sam.connatty@capgemini.com

    Capgemini announces leadership appointments

    • Anirban Bose becomes CEO of the Americas Strategic Business Unit
    • Kartik Ramakrishnan becomes CEO of the Financial Services Strategic Business Unit
    • Jerome Simeon will take on the role of Chief Revenue Officer
    • Franck Greverie will become Chief Technology Officer

    Paris, October 23, 2024 – Capgemini today announced some key leadership appointments. Anirban Bose succeeds Jim Bailey as CEO of the Americas Strategic Business Unit, effective November 1. Consecutively, Kartik Ramakrishnan is appointed CEO of the Financial Services Strategic Business Unit. Jerome Simeon will become Chief Revenue Officer and Franck Greverie Chief Technology Officer, both from January 1, 2025. Following an outstanding 34-year long career at Capgemini, Olivier Sevillia, Chief Operating Officer, has decided to pursue new endeavors as an individual, and will leave the Group at the end of 2024. With his deep global experience and passion for digital transformation, Olivier will focus on promoting the techno-business ecosystem of European companies to help improve their competitiveness. The whole Capgemini team is looking forward to supporting Olivier in his next chapter.

    “These appointments strengthen the Group’s growth ambition and reinforce Capgemini’s role as the go to business and technology partner for our clients. Anirban Bose has been at the helm of our Financial Services division for the last six years and instrumental in building and shaping this business across the globe. Anirban is well positioned to accelerate our trajectory in the Americas, building on our progress in the region over the past 4 years under the leadership of Jim Bailey. I would like to thank Jim for his many contributions to Capgemini. Kartik Ramakrishnan, who has been running the Banking sector for the past six years, is Anirban’s natural successor, to ensure the global business will continue to go from strength to strength,” comments Aiman Ezzat, CEO of the Capgemini Group. “To bolster our laser focus on growth, Jerome Simeon will take on a new position of Chief Revenue Officer for the Group in the new year. His role will encompass our activities across sales, key clients and industries to bring even greater value to our clients as we accompany them on their business-critical transformations. Franck Greverie will add Chief Technology Officer to his scope of responsibility, also from January 1. His deep tech expertise and forward-thinking approach will accelerate our efforts to build innovative value creating solutions for our clients. I wish Anirban, Kartik, Jerome and Franck every success in their new roles.”

    Aiman Ezzat continues, “After an outstanding 34-year long career at Capgemini and an impressive track record in leading and operating strategic businesses across the Group, Olivier Sevillia will step down as Group COO at the end of 2024. We are all looking forward to supporting Olivier in his new endeavors as an individual, focused on applying his extensive experience in digital transformation to promote a rich techno-business ecosystem to help improve the competitiveness of European businesses. The board of directors joins me in thanking him and paying tribute to his commitment and service.”

    Biography: Anirban Bose

    Anirban was Head of Capgemini’s Financial Services Strategic Business Unit and a member of the Group Executive Board from 2018. He was also responsible for overseeing the Asia Pacific Strategic Business Unit.

    Prior to this, Anirban was the Head of Capgemini’s Banking and Capital Markets Business Unit.

    Between 2007 and 2015 Anirban led Capgemini’s Banking Business Unit. From 2004 to 2007, Anirban served as executive vice president at Kanbay before its 2007 acquisition by Capgemini.

    Anirban resides in New York. He graduated from the Indian Institute of Technology of Varasani with a Bachelor of Technology. He holds an MBA in Finance from the University of Chicago.

    Biography: Kartik Ramakrishnan

    Kartik was the Deputy CEO of Capgemini’s Financial Services Strategic Business Unit and also led Capgemini’s Banking and Capitals Markets business. Kartik has been a member of the Group Executive Committee since 2023.

    Prior to this, Kartik was responsible for managing sales teams across banking and capital markets.

    Kartik has spent over 25 years consulting in the banking and payments industry. Over his career, he has been involved in launching new products and developing innovative, cost-effective solutions for financial services firms across the globe in countries such as Australia, Canada, Germany, India, Singapore, United Kingdom and United States of America.

    Kartik has a bachelor’s degree from the Indian Institute of Technology and a master’s degree from the Booth School of Business at University of Chicago.

    Biography: Jerome Simeon

    Jerome became the Head of Global Industries in 2023. He has been a Member of the Group Executive Board since 2021.

    Prior to this, he was the CEO of the Southern Europe Strategic Business Unit. From 2018 to 2020, Jerome was Managing Director of Capgemini in France, when he also joined the Group Executive Committee.

    From 2014, he was CEO, Application Services France after serving as Commercial Director (from 2012 to 2014).

    Prior to this, from 2007 to 2010, he held commercial positions in Capgemini’s Telecom & Media business after managing the development and sales for the Property & Services Europe sector of BT Global Services for two years.

    Jerome joined Capgemini in 1998, after eight years with the group Générale des Eaux/Vivendi. Jerome graduated from Toulouse Business School.

    Biography: Franck Greverie

    Franck Greverie has been the Chief Portfolio Officer at Capgemini since 2018.

    Franck has been on the Group Executive Board since 2020, when he took on additional responsibilities overseeing Cloud Infrastructure Services (cloud & cybersecurity), Business Services and Insights & Data (Data & AI) Global Business Lines.

    Prior to this, from 2016, Franck led the Cloud & Cybersecurity activities of Capgemini. He joined Capgemini in 2015 as Head of the Cybersecurity Global Service Line.

    Between 2012 and 2015, Franck was an Executive VP at Bull, where he was in charge of the Security Division, and also led the Middle East, Africa and Asia activities.

    Prior to that, Franck was the Managing Director of the Information Systems Security and Cybersecurity activities for Thales Group (France, UK, Germany, Norway, USA, Asia) since 2018. His career with Thales began in 2004, as Head of Strategy, Business Development and Marketing for the Security activity.

    Franck is a graduate of ESME, engineering school, and of the Executive MBA of ESSEC Business School.

    Note to Editors
    High-resolution photography of Anirban Bose, Kartik Ramakrishnan, Jerome Simeon and Franck Greverie is available on request.

    About Capgemini
    Capgemini is a global business and technology transformation partner, helping organisations to accelerate their dual transition to a digital and sustainable world while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fuelled by its market-leading capabilities in AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2023 global revenues of €22.5 billion.
    Get the future you want | http://www.capgemini.com

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    The MIL Network –

  • MIL-OSI Russia: More than 14 thousand people received housing under the renovation program in the North-Eastern Administrative District

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Residents of 83 old houses received apartments in 45 new buildings built under the renovation program in the northeast of the capital. This was reported by the Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.

    “In the north-east of Moscow, the renovation program began in 2018 and today covers 14 of the 17 districts. Residents of 83 old houses – more than 14.4 thousand people – signed contracts for new apartments in 45 new buildings. The largest number of housing units under the renovation program were received by residents of the Babushkinsky District. Here, more than 3.5 thousand people became title holders, about 2.3 thousand city residents registered documents for apartments in the Losinoostrovsky District, and almost two thousand residents – in Yuzhnoye Medvedkovo,” Vladimir Efimov noted.

    In two districts of the North-Eastern Administrative District, the renovation program has been fully implemented. In Yuzhnoye Medvedkovo and Severny, all of its participants — about 1.9 thousand and almost two thousand people, respectively — have moved to modern residential complexes.

    “Since the beginning of the year, more than 2.1 thousand people have signed contracts for new apartments with the Department of City Property in the North-Eastern Administrative District. This year, active resettlement is taking place in the Losinoostrovsky and Ostankinsky districts, as well as in Maryina Roshcha, where in total more than 1.3 thousand Muscovites have received new housing,” clarified the Minister of the Moscow Government, head of the Department of City Property

    Maxim Gaman.

    In total, 499 buildings in the North-Eastern Administrative District, in which more than 86 thousand city residents live, are included in the renovation program. As reported by the Minister of the Moscow Government, Head of the Department of Urban Development Policy Vladislav Ovchinsky, 63 houses have already been resettled in the north-east of the capital. Of these, 20 buildings are located in the Babushkinsky District, 10 each in Yuzhnoye Medvedkovo and Losinoostrovsky. City residents received modern apartments with high-quality finishing and improved repairs in accordance with the standards of the renovation program.

    Currently, 28 new buildings are being designed in the north-east of the city, and another 27 houses are under construction. Near the residential complexes there are landscaped adjacent territories, comfortable recreation areas, sports and children’s playgrounds.

    Earlier Sergei Sobyanin reported, that 1.2 trillion rubles have been allocated in the draft budget for three years to implement the renovation program.

    Renovation program approved in August 2017. It concerns about a million Muscovites and provides for the resettlement of 5,176 houses. In 2023 alone, 59 new buildings in the capital were handed over for settlement and the resettlement of over 47 thousand people was ensured. The Mayor of Moscow instructed increase the pace of implementation of the renovation program has doubled.

    Moscow is one of the leaders among regions in terms of construction rates and volumes. In recent years, within the framework of the federal project “Housing” of the national project “Housing and Urban Environment” the volume of construction and commissioning of residential facilities in the capital has doubled – from three million to five to seven million square meters per year. More information about this and other national projects being implemented in Moscow can be found find out here.

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

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

    http://vvv.mos.ru/nevs/item/145643073/

    MIL OSI Russia News –

  • MIL-OSI Russia: A regional center called “Meeting Place “Baku”” has appeared in the north of Moscow

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    In the Aeroport area of the Northern Administrative District, after the reconstruction of the old Soviet cinema, the district center “Mesto Vstrechi “Baku”” appeared. It is located at the address: Usievicha Street, Building 12. This was reported by the Minister of the Moscow Government, the head of the capital’s Department of Urban Development Policy Vladislav Ovchinsky.

    “The area of the renovated building is more than 13 thousand square meters. It has four floors above ground and one underground. In November, they plan to open a multifunctional and cultural and leisure center for city residents, where they will be able to attend various lectures, master classes, classes in choreography, vocals, chess and other areas,” said Vladislav Ovchinsky.

    The cinema was built in 1974 according to the design of architects I.N. Volkov, E.V. Smolina and L.Ya. Fadeeva. The design of the building used motifs of traditional Azerbaijani architecture.

    Before the start of the reconstruction, an urban development plan for the land plot was prepared for an area of 0.42 hectares, she said. Juliana Knyazhevskaya, Chairman of the Committee for Architecture and Urban Development of the City of Moscow.

    From November, a fitness club, dry cleaners, children’s goods and electronics stores, food stores, and cosmetics stores will open in the district center “Meeting Place “Baku”. In addition, restaurants and cafes will open there.

    On the instructions of Sergei Sobyanin, the city is paying special attention to the quality of work at sites with large numbers of citizens.

    “During each stage of reconstruction, inspectors of the Committee for State Construction Supervision of the City of Moscow, together with the subordinate Center for Expertise, carried out 15 control and supervision activities. Based on the results of the final inspection, the facility received a conclusion on its compliance with the approved project. At present, the developer has issued a permit for its commissioning,” emphasized the Chairman of the Committee for State Construction Supervision of the City of Moscow

    Anton Slobodchikov.

    The program for the reconstruction of Moscow cinemas began in the spring of 2017. In accordance with it, 38 cinemas are to be renovated, and district centers of the Mesto Vstrechi network will appear in their buildings.

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

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

    https://vvv.mos.ru/nevs/item/145651073/

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: LCQ17: Kai Tak Sports Park

    Source: Hong Kong Government special administrative region

         Following is a question by the Hon Benson Luk and a written reply by the Secretary for Culture, Sports and Tourism, Mr Kevin Yeung, in the Legislative Council today (October 23): Question:      The Kai Tak Sports Park (KTSP) will be officially open early next year, and the government departments concerned have currently commenced the preparatory work for the commissioning of the KTSP. In this connection, will the Government inform this Council: (1) whether the authorities have finalised the leasing arrangements and charge levels for the KTSP’s Main Stadium, Indoor Sports Centre, Public Sports Ground and the rest of precinct for reference by members of the industry and the public; if so, of the details; if not, the reasons for that; (2) given that Kai Tak Sports Park Limited (KTSPL) has undertaken to implement a Sports Events Support Scheme, which aims to waive venue hiring charges for sports events held in the KTSP or make direct financial contribution to sports events, whether the authorities have grasped the implementation of the Scheme at this stage; if so, of the details, including the number of local and overseas events involved; if not, the reasons for that; (3) as it has been learnt that at present catering and a variety of entertainment facilities are provided in the vicinity of venues where mega events are held (such as the Hong Kong Stadium), enabling spectators to get warmed up for the mega events and the vibrant atmosphere to continue before and after the matches, whether the authorities have formulated any short-term and long-term plans to increase the provision of similar facilities in the vicinity of the KTSP; if so, of the details (including the specific development plans); if not, the reasons for that; (4) whether the authorities will draw up guidelines to require KTSPL to make public announcements about an event certain days before the date of the event, so as to facilitate the stakeholders concerned to take forward as early as possible the related publicity work to attract inbound tour groups and visitors coming to Hong Kong under the Individual Visit Scheme; if so, of the details; if not, the reasons for that; and (5) whether the authorities have any idea of formulating an integrated development plan for the KTSP and the adjacent Kai Tak Cruise Terminal, so as to shape them into a core tourist landmark of Kai Tak and Kowloon City, thereby enhancing their synergy as a tourist attraction; if so, of the details; if not, the reasons for that? Reply:President,      Being the largest sports infrastructure project in Hong Kong’s history, the Kai Tak Sports Park (KTSP) is crucial to the Government’s implementation of sports policies of promoting sports in the community, supporting elite sports, developing Hong Kong into a centre for major international sports events, enhancing professionalism and developing sports as an industry. The KTSP will provide modern and multi-purpose sports and recreation facilities upon completion, including a 50 000-seat Main Stadium, a 10 000-seat Indoor Sports Centre, a 5 000-seat Public Sports Ground and about 14-hectare landscaped open space and other ancillary facilities.            Currently, the construction works of the KTSP has entered into the final phase and the KTSP will be open in the first quarter of 2025. The Government has established the inter-departmental Task Force on KTSP, led by the Chief Secretary for Administration, to oversee the smooth completion and commissioning of the KTSP and its publicity work, fostering the synergistic development of major sports events, innovative entertainment, dining, conventions and exhibitions, as well as tourism activities. The Task Force will also formulate thorough plans and conduct comprehensive drills on security deployment, crowd management, emergency response, and other areas. The Culture, Sports and Tourism Bureau (CSTB), Kai Tak Sports Park Limited (KTSPL) together with relevant bureaux/departments are planning various drills and test events to be conducted from October this year to February next year, with a view to fine-tuning and enhancing the operation model as well as various arrangements such as crowd dispersal and transportation when staging large-scale events. We will also adjust strategies as necessary to fully prepare for the commissioning of the KTSP.      My consolidated reply to the questions raised by the Hon Benson Luk is as follows:     (1) According to the contract between the Government and the operator, the hiring charges in respect of sports events and community casual hire of the KTSP (including the Main Stadium, Indoor Sports Centre and Public Sports Ground) shall be comparable to those of similar facilities provided by the Leisure and Cultural Services Department, educational institutions and other non-profit making organisations. The operator has to obtain approval from the CSTB for the hiring charges, so as to ensure that the sports sector and citizens can enjoy the facilities of the KTSP to promote sports development.      KTSPL has already provided organisers, who express interest in hiring facilities in the KTSP for staging large-scale events, with the relevant information with respect of their hiring proposals. As for the hiring charges for the general public in using individual facilities in Indoor Sports Centre and Public Sports Ground, the KTSPL will make the announcement later.(2) KTSPL undertakes to implement a Sports Events Support Scheme (the Scheme) to support sports events. Its financial commitment under the SESS is $1.583 billion in total, which is to be disbursed over a period of around 20 years. Commitment under the Scheme will be met either by waiving venue hiring charges for sports events held in the KTSP or by making direct financial contribution to any sports events. The above arrangements will encourage the operator to proactively promote the KTSP as “the destination” for local and international large-scale sports events. It is expected that the Scheme will be implemented next year. KTSPL is refining the details of the Scheme and will announce the application arrangement later.      The implementation of the Scheme will be monitored by the CSTB. If KTSPL does not fully utilise the estimated expenditure under the Scheme in a particular year, an amount equivalent to the outstanding commitment shall be paid to an entity (e.g. “national sports associations”) nominated by the CSTB for supporting sports.(3) The KTSP will provide a one-stop sports, leisure, catering and shopping experience for citizens and tourists. With respect of the catering services, the 57 executive suites in the Main Stadium are supported by catering service providers offering various kinds of upscale dining options. There are also some 30 bars and catering outlets in the Main Stadium which should be able to meet the catering needs as compared to other facilities of similar scale in the world. In addition, the KTSP will, with reference to the scale and needs of different events and matches as well as at the requests of organisers, arrange 10 to 20 mobile catering booths during the staging of large-scale events. The number of catering booths will be flexibly increased based on actual situation. Besides, there are over 700 thousand feet of retail, catering as well as leisure and entertainment facilities in the KTSP. Catering facilities include some 70 outlets of international cuisines and nine diversified concept restaurants at the Dining Cove where citizens and tourists can choose to dine in the indoor or outdoor areas and enjoy the breath-taking views of the Victoria Harbour. As regards leisure and entertainment facilities, the KTSP will provide facilities including a health and wellness centre, a bowling centre, an outdoor rock climbing area, beach volleyball courts, tennis courts, a covered 5-a-side football pitch and multi-purpose activity space for the public to enjoy.      The neighbouring districts of Kowloon City and To Kwa Wan which are in close proximity of the KTSP also provide an array of dining options. Citizens and tourists who visit the KTSP for matches or large-scale events can walk to the two districts for a taste of our local culinary delights, similar to walking from the Hong Kong Stadium to Causeway Bay or Tin Hau. The Government will continue to work closely with KTSPL to further enhance visitors’ experience as well as liaise with relevant departments and the Hong Kong Tourism Board to promote the leisure and catering options in the vicinity of the KTSP so as to create a synergy effect for bringing about local economic development.(4) KTSPL has been actively making contact and having commercial negotiations with local and international sports and non-sports events’ promotion bodies, organisations and agencies. Generally speaking, the promotion strategy of events is led by organisers whereas KTSPL, being the venue provider, has to act in concert with the plans of the event organisers. KTSPL cannot disclose details of the events before the organisers do so. Nevertheless, KTSPL will maintain close communication with event organisers and coordinate with their overall publicity plan and share more details of their events with the public in due course.(5) The KTSP and the Kai Tak Cruise Terminal (KTCT) are both located within the Kai Tak Development Area. The KTSP, upon completion, will provide retail and catering facilities as well as host different types of large-scale sports, culture or entertainment events, thereby providing cruise passengers with more options for onshore activities. The hotels in the vicinity of the KTSP will also offer an additional choice of accommodation for travellers.     On the other hand, the KTSP will drive the flow of people in the district and attract tourists to spend in Hong Kong during various large-scale sports, culture or entertainment events, promoting the economic transformation and development of Kowloon East. The Government will continue to enhance the KTCT’s function as a venue for conventions, exhibitions and other events. In preparing the work plans for the KTSP and KTCT, the CSTB will consider how the two major infrastructures could complement each other, with a view to creating synergies by fully leveraging the respective facilities.

    MIL OSI Asia Pacific News –

  • MIL-OSI Australia: Design Act reforms expected to deliver greater protections

    Source: Allens Insights

    What to expect from IP Australia’s consultation 2 min read

    IP Australia has published the outcomes of its 2023 consultation, which sought stakeholder feedback on a series of significant proposed changes to the Designs Act 2003 (Cth). These included provisions for virtual, partial and incremental designs, which it plans to pursue. We explain the key feedback and what comes next.

    Overview

    IP Australia intends to proceed with the proposals to:

    • protect virtual designs, including user interfaces and product elements only visible when a product is in use;
    • protect partial designs for parts of whole products made in one piece; and
    • allow post-registration linking, to enable designers to have more certainty when protecting changes in their designs.

    We expect the proposed legislative changes to be before Federal Parliament in late 2025.

    Virtual designs

    For virtual designs, feedback focused on the introduction of a definition of virtual designs and products. As explained in our previous Insight, the initially proposed definition of a ‘virtual product’ required further refinement, and it is a welcome development that IP Australia has highlighted this feedback.   

    It was also suggested that video or animation files be allowed to supplement applications for virtual designs, and that applications could be made for a design applied to both a virtual and physical product at the same time. Consideration will also be given to enforcement against the seller of a virtual product, and not necessarily the customer or end user.

    Partial designs

    For partial designs, feedback focused on the introduction of mechanisms to protect those that would allow separate parts of a product to be registered as a single design, together with the requirement to identify a physical product to which the part relates. Fortunately, the ‘similar products’ test will not be pursued, as its justifications were unpersuasive, and likely to cause unnecessary confusion, uncertainty and expense.

    Post-registration linking (incremental designs)

    While support for incremental designs was varied, post-registration linking received favourable feedback. The primary focus was on introducing the ability to link an initial registered design to related subsequent designs, to ensure publication and use of the initial design does not affect the validity of the subsequent design.

    A proposal for ‘preliminary designs’ will not be pursued at this time.

    What’s next?

    IP Australia has reported the favourable feedback to the Government, which is now considering legislation aimed at including virtual designs, partial designs and post-registration linking. Further updates regarding draft legislation are expected in late 2025.

    These proposals, if accepted, will provide more options for clients seeking to protect their designs in Australia.

    MIL OSI News –

  • MIL-Evening Report: Australia’s points system for jobseekers is failing 4 in 10, putting their payments at risk

    Source: The Conversation (Au and NZ) – By Simone Casey, Research Associate, Centre for People, Organisation and Work, RMIT University

    Studio63/Shutterstock

    For jobseekers these days, staying on benefits is about accumulating points.

    It used to be cruder. Until 2022, unemployed Australians who wanted to stay on benefits had to apply for up to 20 jobs per month, a requirement a parliamentary inquiry found

    burdens employers, who are receiving masses of poor quality applications often from people who are not suited for the position.

    Since July 2022, jobseekers have instead been required to collect points.

    Creating or updating a profile earns five points, applying for a job earns five points, attending a job interview earns 25 points, attending a jobs expo earns 25 points, starting a job earns 50 points, and so on.

    For most jobseekers the target is 100 points per month. The target can be eased by 20 points for jobseekers who live in locations that have fewer opportunities to work and by 40 points for jobseekers who are carers, have a reduced capacity to work or who are over 55.

    Jobseekers who fail to report enough points or who fail to include four job applications per month in total face automatic suspension of benefits.

    Workforce Australia.

    41% of jobseekers are being failed

    New data released by the Department of Employment and Workplace Relations show 41.1% of participants are being tripped up by the system.

    In the quarter between April 1 and June 30, 410,485 of the 999,470 jobseekers enrolled in the scheme failed to meet its requirements. And 212,915 of them reported no points whatsoever.

    It’s an improvement on the previous year. For April to June 2023, 45.3% of participants failed to get enough points.

    First Nations people, refugees, people with disabilities and young people are over-represented among those who fail to get enough points.

    My calculations using the department’s data show 58% of Indigenous participants in the program, 49% of participants without a Year 12 education and 47% of participants on youth allowance are failing to meet the requirements.

    Around two-thirds of breaches lead to suspensions. Between July 2022 and September 2023 1,838,410 payments were suspended.

    My research just published in the Australian Journal of Social Issues finds that a shift away from face-to-face help to online interactions is partly responsible.

    When jobseekers find it difficult to talk to humans about why they are unable to accumulate points their payments are more likely to be suspended.

    Jobseekers’ fault or the system’s fault?

    The Department of Employment has been working hard to increase understanding of the points system. Among other things, it has produced a series of fact sheets aimed at First Nations Australians.

    But an independent evaluation of the system prepared for the department in June found two-thirds of the participants in it had little or no knowledge about how it worked.

    This suggests the 41% failure rate might be an indictment of the system as much as the jobseekers who use it.

    It might even be an indictment of the idea of points to quantify compliance with mutual obligations.

    In November last year, a Senate select committee recommended rebuilding what it called a Commonwealth Employment Services System from the ground up.

    While the committee supported the use of points, it wanted the default requirement halved to 50 points, with human case managers given discretion to vary the target up or down based on their professional judgments.

    Simone Casey is employed as a policy advisor at Economic Justice Australia, the peak organisation for community legal centres providing specialist advice to people on their social security issues and rights. The research and analysis for this article was completed in her academic capacity as recently published in the Australian Journal of Social Issues.

    – ref. Australia’s points system for jobseekers is failing 4 in 10, putting their payments at risk – https://theconversation.com/australias-points-system-for-jobseekers-is-failing-4-in-10-putting-their-payments-at-risk-240317

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI NGOs: Cuba: Amnesty International designates four persons as prisoners of conscience in the midst of a new wave of state repression

    Source: Amnesty International –

    In a context of systematic human rights violations, a completely restricted civic space and the criminalization of any form of dissent, Amnesty International today declared political dissident Félix Navarro, independent journalist and Dama de Blanco Sayli Navarro, 11J protester Roberto Pérez Fonseca and activist Luis Robles as prisoners of conscience.

    “These designations are a recognition of the dozens of people who remain in prison in Cuba for peacefully exercising their rights, and of all those who live under constant surveillance, harassment and the threat of criminalization. A recognition of the courage and resistance of the people of Cuba who are standing up to constant and generalized repression and fighting for their rights and the rights of all people,” said Ana Piquer, Americas director at Amnesty International.

    Félix Navarro is a 71-year-old political dissident and founder of the “Pedro Luis Boitel” Party for Democracy. For over 30 years, he has been the coordinator of the Patriotic Union of Cuba and has been associated with the Cuba Decides platform and the Council for the Democratic Transition in Cuba. Félix is currently serving his third prison sentence for political reasons. He was imprisoned in 1992 on charges of “enemy propaganda” for putting up “anti-revolution” posters in his home town. In 2003, he was sentenced to 25 years in prison in the criminal proceedings following the crackdown known as the “Black Spring”, along with 75 other dissidents, journalists and activists. In this context, he was declared a prisoner of conscience by Amnesty International. He was released on extra-penal leave on 23 March 2011, together with fellow prisoner of conscience José Daniel Ferrer, as the last of the group of 75 to be freed after previously refusing to be released in exchange for exile.

    Sayli Navarro, his daughter, is a 38-year-old activist and cofounder of the Damas de Blanco (Ladies in White), a group of mothers, wives and daughters of the group of 75 people arrested during the “Black Spring”. Sayli has lived with the consequences of the state repression exercised against her father since she was a child. She was expelled from university in 2010 because of her “counter-revolutionary links”, and has been arbitrarily detained, subjected to interrogation and threatened on a number of occasions by state security agents and police authorities.  

    Félix and Sayli Navarro were sentenced in March 2022 to 9 and 8 years in prison respectively for events related to the protests of 11 and 12 July 2021. Both were violently arrested on 12 July at their local police station in the town of Perico, Matanzas province, when they went to enquire about the situation of members of their movement who had been arrested during the protests the day before.  

    Luis Robles, 32, was sentenced to four years and six months in prison in March 2022 on charges of enemy propaganda and disobedience for peacefully protesting on a pedestrian street in central Havana in December 2020. Luis was holding up a sign that read ‘’Freedom‘’, ‘’No+Repression‘’ and ‘’#Free-Denis‘’ and walking in circles as dozens of people began to film him. Luis Robles held up the sign for several minutes until the police approached him, took the sign from him and arrested him, with Luis putting up no resistance. This happened a few days after the San Isidro Movement staged a lockdown and hunger strike to demand the release of rapper Denis Solís. Luis wanted to express his solidarity with the rapper and his support for the San Isidro Movement.

    Roberto Pérez Fonseca, 41, was sentenced in October 2021 to 10 years’ imprisonment for his participation in the protests of 11 July 2021. Roberto was charged with the offences of contempt, assault, public disorder and incitement to commit a crime, all of which are typically used by the Cuban authorities against those who exercise their right to freedom of peaceful assembly and association. The United Nations Working Group on Arbitrary Detention found Roberto’s detention to be arbitrary and motivated by the peaceful exercise of his right to freedom of assembly and association, as well as to freedom of opinion and expression. It also found that Roberto’s right to a fair and impartial trial had been violated.

    These designations come in the context of renewed repression by the Cuban authorities against activists, human rights defenders, journalists, intellectuals and independent media in the last weeks of September. This includes an alarming increase in ill-treatment, harassment, arbitrary detentions, new threats of criminalization, denial of prison benefits and worrying reports of deterioration in the health and physical integrity of detainees.

    “Following the widespread state repression unleashed by the July 2021 protests, and with many activists, political opponents and dissidents unjustly imprisoned, the Cuban state seems intent on eradicating any capacity for resistance within Cuban society, which now extends to projects, spaces and activism not linked to traditional political opposition or dissidence,” added Ana Piquer.

    Independent media organizations El Toque, Periodismo de Barrio and Cubanet have claimed in editorials and on social media that their contributors have received threats of criminalization from the authorities in recent weeks. According to these reports, contributors have repeatedly been summoned by police and state security agents and informed of possible criminal prosecution for “mercenarism”. In addition, activists and independent media contributors reported on their social networks that they had received arbitrary summonses followed by interrogations by the authorities and state security agents about their journalistic work and their links to certain individuals or media outlets considered to be “counter-revolutionary”. In this context, Amnesty International has had access to the testimonies of at least 20 activists, who have reported being threatened with imprisonment, forced to record themselves and sign declarations of self-incrimination, and deprived of their mobile phones and computers. Similarly, Cuban human rights organizations reported that at least three independent media contributors were forced to write public resignations on their social networks, expressing their intention not to work with independent media. On 16 September, the cultural magazine PM Magazine announced that it was closing down permanently due to increasing pressure and harassment against its director by state security agents.

    “This climate of constant fear and intimidation adds to our concern at the continuing reports of the deteriorating health and ill-treatment of prisoners of conscience Loreto Hernández, Pedro Albert and José Daniel Ferrer, and the increasing and systematic harassment of journalist Carlos Michael Morales, and Damas de Blanco leader Berta Soler. It is imperative that the international community show solidarity and demand the immediate release of those imprisoned for exercising their rights, and an end to the repression and harassment of dissidents in Cuba,” said Ana Piquer.

    Amnesty International calls for the immediate and unconditional release of prisoners of conscience, and of all those unjustly imprisoned solely for exercising their human rights. The organization also calls on the government of Miguel Díaz-Canel to respect human rights, including the right to freedom of expression, association and peaceful assembly, to repeal repressive legislation, and to end the repression of dissidents.

    In order to determine whether a person is a prisoner of conscience, Amnesty International uses the information available to it regarding the circumstances leading to their detention. By designating a particular person as a prisoner of conscience, Amnesty is affirming that this person must be immediately and unconditionally released but is not endorsing their past or present views or conduct.

    MIL OSI NGO –

  • MIL-OSI Asia-Pac: LCQ10: Application of drones

    Source: Hong Kong Government special administrative region

         Following is a question by the Ir Dr Hon Lo Wai-kwok and a written reply by the Secretary for Culture, Sports and Tourism, Mr Kevin Yeung, in the Legislative Council today (October 23):
     
    Question:
     
         There are views pointing out that with the development of low-altitude economy, the scope of drone application will continuously expand for purposes such as carrying sightseeing passengers or delivering meals and other goods. In addition, the arrangement of large-scale drone shows over the Victoria Harbour on festive days is also a selling point to attract visitors to Hong Kong. However, it has been reported that three recent drone shows in Hong Kong were cancelled at short notice (including the drone shows at the Wan Chai waterfront on September 21, the West Kowloon Cultural District on ‍September 30 and the Victoria Harbour on October 1), leaving members of the public and visitors who waited for a long time disappointed. In this connection, will the Government inform this Council:
     
    (1) whether the authorities had, before the aforesaid drone shows, assessed in detail with the organisers the various factors that might affect the drone shows as well as the different scenarios that might arise, drawn up fallback plans, and stepped up the coordination and support among different government departments; if so, of the details; if not, the reasons for that;
     
    (2) whether the authorities had, before the aforesaid drone shows, put forward specific testing requirements to the outsourced contractors and formulated a mechanism for coordination and notification in the event of incidents, and taken timely follow-up actions after the short-‍notice cancellation of the shows; if so, of the details; if not, the reasons for that; and
     
    (3) whether the authorities will formulate more forward-looking policy measures and allocate more resources to strengthen the research and development, application and regulation of drone technology; if so, of the details; if not, the reasons for that?
     
    Reply:
     
    President,
     
         In respect of the question raised by Ir Dr Hon Lo Wai-kwok, in consultation with the Transport and Logistics Bureau, the Innovation, Technology and Industry Bureau, the Office of the Communications Authority (OFCA) and the Hong Kong Observatory, the consolidated reply is as follows:
          
         For parts (1) and (2) of the question, as a drone show generally involves operation of a large number of drones in a confined airspace, the operation of drones heavily relies on the high-precision reception of Global Navigation Satellite System (GNSS) signals.
          
         From the perspectives of aviation and public safety, drone shows which involve operations exceeding the standing operating requirements of small unmanned aircraft are considered as advanced operations and require prior permission from the Civil Aviation Department. Advanced operation permit holders are required to conduct risk assessment in accordance with the established procedures prior to the drone shows in order to identify all potential risks, including the stability of the drones’ satellite positioning signals, so as to ensure the safe conduct of the drone shows.
          
         While drone shows can be organised by private organisations, for a drone show organised by the Government, the OFCA will generally conduct radio monitoring at the event venue. The OFCA will detect any source of harmful interference to the radio frequencies to be used by the drone system. It is understood that the atmospheric conditions (including ionospheric scintillation) may significantly affect the quality of GNSS signals. However, because of the rapid changes in ionospheric disturbance caused by solar activities, the precise influence of ionospheric scintillation in terms of timing, location and extent, etc. could not be accurately predicted in advance.
          
         In preparation of the “Celebration of National Day – The Next Generation Chorus Performance” and “2024 National Day Fireworks Display” held on September 30 and October 1, 2024 respectively, the Government had held a number of inter-departmental meetings and drawn up contingency plans with the drone show operators. The operators of the two aforementioned drone performances also conducted multiple tests and rehearsals before the events (including on the day of the performance). Nevertheless, there was a sudden occurrence of ionospheric scintillation over Victoria Harbour during the events resulted in the drones being unable to receive good satellite positioning signals. After confirming that the ionospheric scintillation would prevent the drone shows from proceeding, we promptly made on-site announcements. For the drone show held on September 21, 2024, it was organised by a non-governmental organisation.
          
         Taking into account the experience of cancellation of the drone shows on September 30 and October 1, 2024, the Government will take into account the following factors and prepare suitable contingency plans when organising drone shows in future –
     
    (a) the weather conditions (rain, wind speed, typhoon, etc.), as well as ionospheric disturbance which may seriously affect the reception of GNSS signals by the drone system concerned;
     
    (b) the nature of performance, audience and performers;
     
    (c) the programme rundown, such as whether there are performances which are linked to the drone show, whether the drone show is a standalone show, etc.; and
     
    (d) whether there is flexibility to adjust the timing and scale of the drone show during the programme in case of weather or ionospheric disturbance to the drone show.
     
         For part (3) of the question, in the light of technological advancement, improvements in the technology and design of drones will help enhance their stability and accuracy, thereby exploring more application scenarios for drones. In the 2024 Policy Address, the Government announced a series of initiatives to promote the development of low-altitude economy (LAE) in Hong Kong, including the establishment of the Working Group on Developing LAE which is led by the Deputy Financial Secretary to formulate development strategies and inter-departmental action plans, as well as plan for low-altitude infrastructure. At the same time, the Government will press ahead with pilot projects to explore the applications of drones at designated locations, and will amend relevant legislation to put in place a regulatory framework for different types of drones. The Government will commence the relevant work as soon as possible to proactively promote LAE as one of the new growth engines.
          
         The Government also has all along been supporting research and development (R&D) in different technology areas through the Innovation and Technology Fund (ITF). Under the various ITF funding schemes, the Government supports local universities, R&D centres and enterprises to conduct R&D projects, including those low-attitude economy-related fields such as electronic, data transmission and processing, etc.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: IADS Showroom Day

    Source: Hong Kong Government special administrative region

    IADS Showroom Day
    IADS Showroom Day
    *****************

    The following is issued on behalf of the Hong Kong Monetary Authority:     The Hong Kong Monetary Authority (HKMA) announced today (October 23) the official Chinese name for the Interbank Account Data Sharing (IADS) initiative and the launch of the IADS Developer Platform, in collaboration with the Hong Kong Science and Technology Parks Corporation (HKSTP), enabling banks to securely and efficiently share bank account data with other banks, subject to customer consent.     The IADS pilot programme commenced in January this year, with a total of 28 participating banks (see Annex). The programme has established the rules and standards facilitating interbank customer-consented data sharing, covering retail, corporate and small and medium-sized enterprise (SME) customer segments. This allows banks to share customers’ deposit account information (including account availability, status, balances and transaction records) with other banks, subject to customer consent. The initiative aims to encourage the industry to launch more innovative data-driven banking products and services, thereby enhancing customer experience.     To showcase the initial results of the pilot programme, the HKMA held the IADS Showroom Day today, allowing banks to share practical applications of IADS, including streamlining loan application process, consolidated financial analysis, and online identity verification. Banks will gradually launch related products to the market.     Additionally, in collaboration with the HKSTP, the HKMA announced the launch of the IADS Developer Platform, a one-stop platform that provides testing account data and simulated application programming interfaces (APIs) from participating banks, facilitating collaboration between banks and technology firms to jointly develop more data-driven products and services.     Deputy Chief Executive of the HKMA Mr Howard Lee said, “The rapid development of the digital economy underscores the importance of secure and efficient data transfer. We are pleased to see the banking sector actively supporting IADS and utilising customer-consented data to provide innovative banking products and services that bring convenience and benefits to the public, promoting the steady and healthy development of the fintech ecosystem.”     For more details about the IADS initiative, please visit the HKMA’s website.

     
    Ends/Wednesday, October 23, 2024Issued at HKT 15:00

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    MIL OSI Asia Pacific News –