NewzIntel.com

    • Checkout Page
    • Contact Us
    • Default Redirect Page
    • Frontpage
    • Home-2
    • Home-3
    • Lost Password
    • Member Login
    • Member LogOut
    • Member TOS Page
    • My Account
    • NewzIntel Alert Control-Panel
    • NewzIntel Latest Reports
    • Post Views Counter
    • Privacy Policy
    • Public Individual Page
    • Register
    • Subscription Plan
    • Thank You Page

Category: KB

  • MIL-OSI United Kingdom: Ambitious Mobile Strategy to be considered by councillors

    Source: Scotland – City of Perth

    This strategy, developed with feedback from the public, will be discussed when Climate Change and Sustainability Committee meets on 23 October 2024.

    The Mobility Strategy is one of three critical place-based strategies designed to shape the long-term development of Perth and Kinross, alongside the Local Housing Strategy and the Local Development Plan.

    Together, these strategies are instrumental in realising the Council’s vision of “a Perth and Kinross where everyone can live life well, free from poverty and inequality.”

    The Mobility Strategy outlines Perth and Kinross Council’s vision for managing and developing the transport and active travel network over the next 15 years.

    It considers all modes of transport for the movement of people and goods across both rural and urban areas, addressing the impacts of emerging technologies, digital services, housing, inclusion, poverty, health, climate adaptation, economic growth, air quality, and place making.

    Aligned with the priorities set out in the Scottish Government’s National Transport Strategy 2 (February 2020), the Mobility Strategy adopts four key priorities: Reducing Inequalities, Taking Climate Action, Delivering Inclusive Economic Growth, and Improving Health and Wellbeing.

    These priorities are fundamental to the development and delivery of the strategy, ensuring it meets both national targets and local goals.

    Councillors will also be asked to approve the next priorities for the Local Heat and Energy Efficiency Strategy (LHEES) and Local Area Energy Plan (LAEP) for the upcoming 12-18 months.

    The Perth and Kinross LAEP envisions the area as a leading example of affordable and equitable access to sustainable energy for all residents, businesses, and organisations.

    By 2045, the area aims to achieve an integrated, net-zero local energy system. Similarly, the Perth and Kinross LHEES aims to make homes and buildings more energy efficient and equipped with decarbonised heat sources, providing more affordable warmth and reduce climate impact, all contributing to achieving our goal of Net Zero by 2045.

    In line with these initiatives, committee members will be asked to approve the Council’s Public Body Climate Change Duty report. The report outlines the Council’s actions and progress in addressing climate change within its own operations, with a 31% reduction in its overall emissions. The decrease is primarily attributed to improvements in waste processing and the transition from waste to energy. Additionally, there were modest reductions in emissions from on-site energy production, business travel and employee commuting.

    Councillor Richard Watters, Convenor of Climate Change and Sustainability Committee said: “We are deeply grateful to the public for their active involvement and valuable feedback throughout the development of the Mobility Strategy. Their participation has been crucial in shaping a strategy that is robust, relevant, and adaptable to the diverse needs of our community.

    “We also want to recognise the outstanding work made through the Local Heat and Energy Efficiency Strategy (LHEES), the Local Area Energy Plan (LAEP) and the Council’s own initiatives in tackling climate change.  It is truly encouraging to see the Council’s substantial reduction in overall emissions, equivalent to 12.5 kilotonnes of C02, between 2022/23 and 2023/24.

    “Despite facing financial challenges, we are striving forward with new priorities for the next 12 to 18 months. Together, we are paving the way for a sustainable and prosperous future for Perth and Kinross.”

    MIL OSI United Kingdom –

    January 24, 2025
  • MIL-OSI Video: Minister Hlabisa to launch National Strategic hub for data-driven local Government excellence

    Source: Republic of South Africa (video statements-2)

    The Minister of Cooperative Governance and Traditional Affairs (COGTA), Mr Velenkosini Hlabisa will launch the National Strategic Hub, a groundbreaking initiative aimed at transforming local government through data-driven decision-making. This innovative platform will serve as a catalyst for improving service delivery and operational efficiency across all municipalities in South Africa.

    https://www.youtube.com/watch?v=KLrDjz5ERi8

    MIL OSI Video –

    January 24, 2025
  • MIL-OSI United Kingdom: New UK visa application supplier in Ghana from 22 October 2024

    Source: United Kingdom – Executive Government & Departments

    Visa application centre provider changing to VSFGlobal, offering faster service for customers.

    Ghanaians applying for visas to enter the UK will need to use a new visa application centre (VAC) from 22 October 2024.

    The UK’s third-party VAC supplier in Ghana is changing to VFSGlobal on this date. This means people in Ghana will need to complete their applications with VFSGlobal, even if they have begun the process with previous supplier, TLScontact.

    You will be contacted by email if this change affects you. However, there is no need for concern as it will not affect visa application decisions, processing times or prices.

    This change will improve our service, including on average shorter biometric and application submission times in the VAC.

    The UK’s global network of VACs is managed by third party suppliers on behalf of UK Visas and Immigration (UKVI).

    Marc Owen, UKVI Director for Visa, Status and Information Services, said: “The opening of our new VAC in Ghana marks an exciting milestone in the provision of a world-class UK visa operation, one which will provide important digital innovations and convenience to customers around the world.”

    The new location for the Ghanaian VAC is Mezzanine Floor, Grand Oyeeman Building, South Liberation Link, Accra.

    If you want to find out more about the changes to suppliers and when this is happening, please visit: Changes to the commercial partner visa application services – GOV.UK (www.gov.uk)

    You can find your nearest VAC by visiting: http://www.gov.uk/find-a-visa-application-centre

    Further information: 

    Improved service also includes:

    • on average shorter biometric and application submission times in the VAC

    • new average passport collection time of 20 minutes 

    • clearer information for customers to distinguish free services from paid for services

    Changes to suppliers will also not affect the visa process, immigration rules or the current visa fees

    Share this page

    The following links open in a new tab

    • Share on Facebook (opens in new tab)
    • Share on Twitter (opens in new tab)

    Updates to this page

    Published 22 October 2024

    MIL OSI United Kingdom –

    January 24, 2025
  • MIL-OSI Video: European Commission President Ursula von der LEYEN Western Balkans tour (Albania)

    Source: European Commission (video statements)

    Press Conference of President Ursula von der LEYEN with Prime Minister Edi Rama
    Watch on the Audiovisual Portal of the European Commission:

    Subscribe to our channel: https://bit.ly/2X56Ju6

    Follow us on:
    -X: https://twitter.com/EU_Commission
    -Instagram: https://www.instagram.com/europeancommission/
    -Facebook: https://www.facebook.com/EuropeanCommission
    -LinkedIn: https://www.linkedin.com/company/european-commission/
    -Medium: https://medium.com/@EuropeanCommission

    Check our website: http://ec.europa.eu/

    https://www.youtube.com/watch?v=90ggjLlmzA4

    MIL OSI Video –

    January 24, 2025
  • MIL-OSI Video: UK Do the government plan to regulate artificial intelligence? | House of Lords

    Source: United Kingdom UK House of Lords (video statements)

    In this highlight from the chamber, members pressed the government on its plans to tackle issues such as AI manipulated images in journalism, copyright, and facial recognition. Watch for more.

    Read a transcript of this question https://hansard.parliament.uk/lords/2024-10-17/debates/D8B7A670-2E3B-4E0B-9923-A538C12CB7EA/ArtificialIntelligenceRegulation

    Catch-up on House of Lords business:

    Watch live events: https://parliamentlive.tv/Lords
    Read the latest news: https://www.parliament.uk/lords/

    Stay up to date with the House of Lords on social media:

    • Twitter: https://twitter.com/UKHouseofLords
    • Instagram: https://www.instagram.com/UKHouseofLords/
    • Facebook: https://www.facebook.com/UKHouseofLords
    • Flickr: https://flickr.com/photos/ukhouseoflords/albums
    • LinkedIn: https://www.linkedin.com/company/the-house-of-lords
    • Threads: https://www.threads.net/@UKHouseOfLords

    #HouseOfLords #UKParliament

    https://www.youtube.com/watch?v=WgUSXNFl6vI

    MIL OSI Video –

    January 24, 2025
  • MIL-OSI Europe: Press conference following Council of Ministers meeting no. 101

    Source: Government of Italy (English)

    Vai al Contenuto Raggiungi il piè di pagina

    21 Ottobre 2024

    Council of Ministers meeting no. 101 was held at Palazzo Chigi today, after which Undersecretary of State to the Presidency of the Council of Ministers Alfredo Mantovano, Minister of Justice Carlo Nordio and Minister of the Interior Matteo Piantedosi held a press conference to illustrate the measures approved.

    The press conference

    [This video is available in Italian only]

    MIL OSI Europe News –

    January 24, 2025
  • MIL-OSI: Correction: Stabilization Notice – Pre Stab Webuild SpA

    Source: GlobeNewswire (MIL-OSI)

    22/10/2024

    Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

    WEBUILD SpA

    Pre-stabilisation Period Announcement

    BNP Paribas (contact: Stanford Hartman telephone: 0207 595 8222 hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation EU/2016/1052 under the Market Abuse Regulation (EU/596/2014).

    The securities:1  
    Issuer: Webuild Spa
    Guarantor (if any): N/A
    Aggregate nominal amount: EUR 400,000,000 expected 
    Description:  
    Offer price: TBC
    Other offer terms:  
    Stabilisation:  
    Stabilisation Manager(s) Banca Akros, BNP Paribas, BOFA, Goldman Sachs, HSBC, Intesa Sanpaolo, JPM, Natixis, Unicredit
    Stabilisation period expected to start on: 22/10/24
    Stabilisation period expected to end no later than: 30/11/2024
    Existence, maximum size and conditions of use of over‑allotment facility: The Stabilisation Manager(s) may over‑allot the securities to the extent permitted in accordance with applicable law.
    Stabilisation trading venue: OTC

    In connection with the offer of the above securities, the Stabilisation Manager(s) may over‑allot the securities or effect transactions with a view to supporting the market price of the securities during the stabilisation period at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time. Any stabilisation action or over‑allotment shall be conducted in accordance with all applicable laws and rules.

    This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

    This announcement and the offer of the securities to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within Article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

    In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, the UK or any EEA Member State before the publication of a prospectus in relation to the securities which has been approved by the competent authority in the UK or that Member State in accordance with Regulation (EU) 2017/1129 (the “Prospectus  Regulation”) (or which has been approved by a competent authority in another Member State and notified to the competent authority in the UK or that Member State in accordance with the Prospectus Regulation), this announcement and the offer are only addressed to and directed at persons in the UK or that Member State who are qualified investors within the meaning of the Prospectus Regulation (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in the UK or that Member State.

    This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States. 

    The MIL Network –

    January 24, 2025
  • MIL-OSI: Stabilization Notice – Pre Stab – ILIAD S.A

    Source: GlobeNewswire (MIL-OSI)

    22/10/2024

    Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

    [ILIAD S.A]

    Pre-stabilisation Period Announcement

    BNP Paribas (contact: Stanford Hartman telephone: 0207 595 8222 hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation EU/2016/1052 under the Market Abuse Regulation (EU/596/2014).

    The securities:1  
    Issuer: ILIAD S.A
    Guarantor (if any): N/A
    Aggregate nominal amount: EUR 500mn
    Description: Long 5-year Inaugural Green Bond
    Offer price: TBC
    Other offer terms: N/A
    Stabilisation:  
    Stabilisation Manager(s) BNP Paribas, Societe Generale, Credit Agricole, MUFG, Natixis, SMBC
    Stabilisation period expected to start on: 22/10/2024
    Stabilisation period expected to end no later than: 28/11/2024
    Existence, maximum size and conditions of use of over‑allotment facility: The Stabilisation Manager(s) may over‑allot the securities to the extent permitted in accordance with applicable law.
    Stabilisation trading venue: OTC

    In connection with the offer of the above securities, the Stabilisation Manager(s) may over‑allot the securities or effect transactions with a view to supporting the market price of the securities during the stabilisation period at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time. Any stabilisation action or over‑allotment shall be conducted in accordance with all applicable laws and rules.

    This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

    This announcement and the offer of the securities to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within Article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

    In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, the UK or any EEA Member State before the publication of a prospectus in relation to the securities which has been approved by the competent authority in the UK or that Member State in accordance with Regulation (EU) 2017/1129 (the “Prospectus  Regulation”) (or which has been approved by a competent authority in another Member State and notified to the competent authority in the UK or that Member State in accordance with the Prospectus Regulation), this announcement and the offer are only addressed to and directed at persons in the UK or that Member State who are qualified investors within the meaning of the Prospectus Regulation (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in the UK or that Member State.

    This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States. 

    The MIL Network –

    January 24, 2025
  • MIL-OSI Security: Detroit Man Sentenced to 30 Years for Drug Trafficking and Discharging Firearm at Drug Deal

    Source: Office of United States Attorneys

    HONOLULU – United States Attorney Clare E. Connors announced that Gabriel Antone Eberhardt, 42, of Detroit, Michigan, was sentenced today by United States District Judge Jill A. Otake to 30 years in federal prison—including 12 years for conspiring to distribute fentanyl, heroin, and methamphetamine and a consecutive 18 years for discharging a firearm in connection with the distribution of heroin—as well as 5 years of supervised release. The court also ordered that Eberhardt forfeit his interests in $250,000 in drug proceeds, multiple firearms, hundreds of rounds of ammunition, and a vehicle. Additional firearms and ammunition were administratively forfeited by the government.

    According to court records, from October 2019 to June 30, 2021, Eberhardt, a/k/a “Stacks,” co-led a drug trafficking organization (DTO) in Honolulu that distributed large amounts of fentanyl, heroin, and methamphetamine. Eberhardt’s DTO obtained the drugs from suppliers in Philadelphia and Los Angeles, who mailed the drugs to Honolulu. The DTO distributed the fentanyl—a potent synthetic opioid 50 times stronger than heroin—in mixtures with heroin and in counterfeit oxycodone tablets. In connection with a heroin distribution on October 21, 2019, Eberhardt admitted he fired several shots from a semi-automatic pistol at a person accompanying his drug customer. One of the rounds struck the victim’s torso, requiring medical attention. The victim survived the shooting.

    During an investigation by the Federal Bureau of Investigation (FBI), the Drug Enforcement Administration (DEA), the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), the United States Postal Inspection Service (USPIS), and the Honolulu Police Department (HPD), agents made dozens of controlled purchases of fentanyl, heroin, and methamphetamine from the conspirators, and executed 15 search warrants on residences, rental storage units, and parcels. As a result of the controlled purchases and warrants, law enforcement agents seized 6.5 kilograms of fentanyl, 6.4 kilograms of heroin, 2.8 kilograms of methamphetamine, seven firearms, including assault rifles and semi-automatic pistols, hundreds of rounds of ammunition, a vehicle, and more than $250,000 in cash drug proceeds. 

    In addition to Eberhardt, the following conspirators were prosecuted in the District of Hawaii:

    • Jared Northern, a/k/a “White Boy Jay,” a/k/a “Gage,” 25, of Honolulu, pled guilty to conspiracy and two counts of distribution of controlled substances, and on May 15, 2024, was sentenced to 120 months in federal prison and five years of supervised release;
    • Zakiyyah Mareus, a/k/a “Kai,” 27, of Miami Gardens, Florida, pled guilty to conspiracy, and on August 8, 2024, was sentenced to 37 months in federal prison and three years of supervised release;
    • Isaiah Marks, a/k/a “Seh,” 25, of Honolulu, pled guilty to conspiracy and two counts of distribution of controlled substances, and on January 18, 2023, was sentenced to 24 months in federal prison and four years of supervised release;
    • Tishanah Iwalani Kaio-Barrozo, 33, of Honolulu, pled guilty to distribution of controlled substances, and on June 7, 2022, was sentenced to nine months in federal prison and three years of supervised release;
    • Michael Garrett, a/k/a “Sideburns,” a/k/a “Burns,” 41, of Romulus, Michigan, pled guilty to conspiracy, and on March 28, 2024, was sentenced to three months in federal prison and five years of supervised release;
    • Jennifer Ashcraft, a/k/a “Jessie,” a/k/a “Jess,” 33, of Honolulu, pled guilty to conspiracy and is scheduled for sentencing on November 22, 2024;
    • Martzes Junior, a/k/a “Green,” 43, of Southfield, Michigan, pled guilty to conspiracy and possession of a firearm in connection with a drug trafficking crime and is scheduled for sentencing on November 26, 2024;
    • Lynden David Lightburn, a/k/a “Soulja,” 51, of Los Angeles, pled guilty to conspiracy and is scheduled for sentencing on December 6, 2024; 
    • Jason Darnell Smith, a/k/a “Famous,” a/k/a “Sweets,” 41, of Detroit, Michigan, pled guilty to conspiracy and is scheduled for sentencing on December 9, 2024; and
    • Robert Adams, a/k/a “Tre,” a/k/a “Tre Block,” a/k/a “Block,” a/k/a “TBlock,” a/k/a “Ray Smith,” 37, of Philadelphia, pled guilty to conspiracy and is scheduled for sentencing on February 26, 2025. 

    “Increasingly, the influx of illegal, deadly narcotics through transnational distribution operations is accompanied by gun violence, which has exponentially harmful consequences for our community,” said United States Attorney Clare E. Connors. “This large-scale prosecution reflects the highest level of cooperation among multiple federal and local law enforcement entities, and today’s sentence affirms that there will be accountability for those who profit from causing such harm in our state.”

    “Today’s sentencing represents years of collaboration between multiple law enforcement agencies to bring down one of Hawaii’s most dangerous drug operations,” said FBI Honolulu Special Agent in Charge Steven Merrill. “This case serves as a warning that we will use every resource available to make our communities safer by dismantling their operations and bringing their members to justice.”

    “Gabriel Eberhardt, a leader of a greed-driven drug trafficking organization, will be off our streets and behind bars for a very long time,” said DEA Los Angeles Field Division Deputy Special Agent in Charge Anthony Chrysanthis. “I want to thank DEA investigators and all state and local law enforcement partners, who worked tirelessly and with urgency to bring these criminals to justice.  However, our job here is not complete. We will continue to investigate, pursue and take apart these operations.”  

    “Mr. Eberhardt’s egregious actions were exacerbated by his using a firearm to shoot a person in furtherance of his drug trafficking,” said ATF Seattle Special Agent in Charge Jonathan Blais. “When search warrants were executed for this operation, seven firearms were recovered, including semiautomatic rifles and handguns, which further shows the dangers to the community posed by Mr. Eberhardt and his co-conspirators. This significant sentence was clearly warranted.”

    “Sending illegal drugs in the mail harms our communities and endangers postal workers, said USPIS Inspector in Charge Stephen Sherwood. “Postal inspectors will not allow the U.S. Mail to be misused to facilitate drug trafficking activities. I want to express my gratitude to our law enforcement partners for their teamwork to disrupt and dismantle this dangerous drug trafficking organization.”

    “The success of this investigation is directly attributable to multi-agency cooperation and the shared commitment to making Honolulu safer for our residents and visitors,” said HPD Chief Arthur “Joe” Logan. “The Honolulu Police Department will continue to work closely with our Federal partners to identify, disrupt, and dismantle drug trafficking organizations operating across Oahu.”

    This effort is part of an Organized Crime Drug Enforcement Task Force (OCDETF) operation. OCDETF identifies, disrupts, and dismantles the highest level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

    The case was investigated by FBI, DEA, ATF, USPIS, and HPD. Assistant U.S. Attorney Craig S. Nolan is prosecuting the case.

    MIL Security OSI –

    January 24, 2025
  • MIL-OSI Security: Houston Residents Charged With Stealing DoorDash Delivery Workers’ Wages

    Source: Office of United States Attorneys

    OAKLAND – A federal grand jury indicted Oluwatobi Otukelu and Evan Edwards on charges of conspiracy and causing damage to a computer in connection with an alleged scheme to steal wages earned by workers of a delivery service, announced United States Attorney Ismail J. Ramsey and Federal Bureau of Investigation (FBI) Special Agent in Charge Robert K. Tripp.  Defendant Otukelu made his first appearance in Oakland to face the charges after having previously appeared with Defendant Edwards in federal court in Houston, Tex.

    According to the indictment, Otukelu, 25, and Edwards, 24, both of Houston, conspired to carry out a scheme to defraud DoorDash, Inc. (DoorDash) by fraudulently obtaining wages of independent contractors, called “Dashers,” who made deliveries for the delivery service.  As part of this scheme, the co-conspirators allegedly obtained the personal identifying information of Dasher victims; falsely impersonated the Dasher victims to DoorDash support; took over Dashers’ existing online accounts; created new, unauthorized accounts using Dashers’ personal information; and directed payments of Dasher wages from DoorDash to accounts controlled by Otukelu and Edwards. The indictment further alleges that the defendants used the stolen funds to pay for and attempt to pay for goods and services, including vehicles, airline tickets, cosmetic procedures, and personal training. The indictment alleges that Otukelu and Edwards stole the DoorDash wages of at least 138 individual Dashers, amounting to over $1 million.

    Otukelu and Edwards were arrested in Houston on Sept. 26, 2024, and made their initial appearances in Houston the same day. Defendant Otukelu was ordered detained pending trial. Defendant Edwards was released on a $25,000 bond. Otukelu’s next scheduled appearance is at 10:30 a.m. on Oct. 22, 2024, for status regarding detention before the Hon. Kandis A. Westmore, U.S. Magistrate Judge. Edwards’ initial appearance in this District has not yet been scheduled.

    An indictment merely alleges that crimes have been committed, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt. If convicted, the defendants face the following maximum penalties:

    CHARGE STATUTES MAXIMUM STATUTORY PENALTIES
    Conspiracy to Commit Wire Fraud 18 U.S.C. § 1349 Twenty years of imprisonment; $250,000 fine; three years of supervised release; $100 special assessment; forfeiture; and restitution
    Conspiracy 18 U.S.C. § 371 Five years of imprisonment, $250,000 fine; three years of supervised release; $100 special assessment; forfeiture; and restitution
    Causing Damage to a Protected Computer 18 U.S.C. §§ 1030(a)(5)(A), (c)(4)(A)(i)(I), and (c)(4)(B)(i) Ten years of imprisonment; $250,000 fine; three years of supervised release; $100 special assessment; forfeiture; and restitution

    However, any sentence following conviction would be imposed by the court after consideration of the U.S. Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. § 3553.

    Assistant U.S. Attorney Michelle J. Kane is prosecuting the case with the assistance of Kathy Tat. The prosecution is the result of an investigation by the FBI.

    Oluwatobi Emmanuel Otukelu Indictment
     

    MIL Security OSI –

    January 24, 2025
  • MIL-OSI Security: Seattle man sentenced for string of marijuana dispensary robberies

    Source: Office of United States Attorneys

    Seattle – A 19-year-old Seattle-area man, was sentenced October 18, 2024, to 90 months in prison for a series of seven armed robberies of marijuana dispensaries, announced U.S. Attorney Tessa M. Gorman. Caiden James Charlton was arrested in June 2023, in connection with three armed robberies in May and June 2023. He pleaded guilty in July 2024 admitting his involvement in all seven robberies. At the sentencing hearing U.S. District Judge Richard A. Jones imposed three years of supervised release to follow prison.

    “This defendant and his juvenile accomplices targeted small businesses – marijuana dispensaries – across our region. With guns drawn they frightened employees grabbing cash and product and in one case even stealing the safe,” said U.S. Attorney Gorman. “This dangerous conduct cannot be tolerated.”

    According to records filed in the case, Charlton pleaded guilty in July 2024 to committing three pot shop robberies on May 30, 2023, The first robbery was of Herb’s House on NW 65th Street in Seattle. The second was West Seattle Cannabis and the third robbery was of Hashtag Cannabis on Nickerson Street in Seattle. On June 10, 2023, Charlton and an accomplice robbed Oz Cannabis on Stone Way in Seattle. The next day, June 11, 2023, Charlton robbed Novel Tree MJ in Bellevue, and on June 12, he robbed Seaweed Cannabis in Edmonds, Washington. Finally, on June 21, he and accomplices robbed Dockside Cannabis in the Ballard neighborhood of Seattle. In each of the robberies, surveillance video shows clothing, tattoos, and jewelry that was linked to Charlton. Victims of the robberies noted distinctive face tattoos around Charlton’s eyes that were not concealed by his mask.

    In each of the robberies, one of two intruders displayed a handgun and ordered the dispensary staff to open safes or empty the till. In addition to money, the suspects stole a large amount of marijuana products. In some cases, the safes at the dispensaries could not be opened due to time locks used to discourage robberies. In one case, the robbers stole the safe by detaching it from the floor.

    The robbery crew would run to a getaway car after the robberies – two of the cars had been reported stolen.

    In asking for an eight-year prison sentence Assistant United States Attorney Todd Greenberg wrote to the court, “The offense conduct in this case is extremely serious. Charlton went on a violent crime spree, robbing seven marijuana dispensaries over the course of 30 days. During each robbery, he and/or his accomplices were armed with firearms and used them – brandishing the guns, pointing them directly at the victims, etc. It is very fortunate that no one was shot or otherwise injured. The Court is well aware that similar robberies often end up with shootings and/or deaths, when victims act in ways not expected by the perpetrators or with the accidental discharge of a firearm.”

    Some the robbery victims wrote to the court about the trauma the robberies caused in their life. One owner wrote, “… these robberies destroyed the business my wife and I worked to build over the nine plus years…. When they walk into a business with guns and demand money and product, the impact goes way beyond the loss of money and product.”

    The case was investigated by the FBI, the Seattle Police Department, and the Bellevue Police Department, as well as the King County and Snohomish County Sheriffs’ Offices.

    The case was prosecuted by former Assistant United States Attorneys Erin H. Becker and Assistant United States Attorney Todd Greenberg. 

    MIL Security OSI –

    January 24, 2025
  • MIL-OSI Security: Cordova Man Sentenced in Connection with $5.9 Million Insurance Fraud Scheme

    Source: Office of United States Attorneys

    Memphis, TN – Christopher C. Brown, 47, of Cordova, Tennessee, was sentenced to 27 months in federal prison and ordered to pay $5,214,302.00 in restitution after his conviction related to a multi-year scheme to defraud four insurance companies.  Reagan Fondren, Acting United States Attorney for the Western District of Tennessee, announced the sentence today.

    While operating a music recording business on Monroe Avenue in Memphis, Brown made claims to Main Street Assurance Company for alleged losses of over $340,000 due to water damage and a purported burglary at the business location.  Main Street paid Brown’s claims.  Brown then obtained insurance coverage for the same business location from Markel Corporation.  Brown made a claim to Markel for $2,840,000 for alleged fire damage to the location, and the claim was honored.

    Brown then formed a limited liability corporation named Tattooed Millionaire Entertainment (TME).  This action allowed Brown to apply for insurance coverage without disclosing his previous insurance claims.  Through TME, Brown purchased a second Memphis property at Rayner Street which had previously housed a well-known recording studio known as the House of Blues.  Brown obtained insurance coverage for the Rayner property and music recording business from Hanover American Insurance Company.  Brown later filed a claim with Hanover for purported damages from an arson fire that damaged the Rayner property, and Hanover paid him $2,200,000 on that claim.

    During this time, Brown also obtained vehicle insurance from Progressive Insurance on a 1985 diesel bus.  He later filed a claim with Progressive alleging that the bus had been stolen.  Progressive paid Brown $109,580 in settlement of that claim.

    In Brown’s claims with the four victim insurance companies, Brown made false statements and representations.  This included the submission of fake or altered documents to the companies.

    In September 2023, Brown pled guilty to mail fraud.  On October 17, 2024, United States District Court Judge Samuel H. Mays sentenced Brown to 27 months of incarceration followed by 2 years of supervised release and ordered him to pay $5,214,302.00 in restitution.  There is no parole in the federal system.

    Acting U.S. Attorney Fondren said, “Insurance fraud schemes like this cheat honest companies and their policyholders.  These schemes also raise the cost of insurance for everyone and make it harder for people to obtain needed insurance in the first place.  Whenever fraud like this occurs in the Western District of Tennessee, this office will be prepared to hold offenders accountable for such crimes of dishonesty.”

    Inspector in Charge Tommy D. Coke, U.S. Postal Inspection Service, Atlanta Division, said, “This defendant misused the U.S. Mail to defraud four insurance companies of millions of dollars.  I believe this sentence will send a message that this type of crime is serious and let criminals know that our agency will continue to hold them accountable for their actions.”  

    This case was investigated by the United States Postal Inspection Service, the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), and the Shelby County Sheriff’s Office.

    Acting U.S. Attorney Fondren thanked Assistant United States Attorneys David Pritchard and Tony Arvin who prosecuted this case on the government’s behalf, as well as the law enforcement partners who investigated this case.

    ###

    For more information, please contact the media relations team at USATNW.Media@usdoj.gov. Follow the U.S. Attorney’s Office on Facebook or on X at @WDTNNews for office news and updates.

    MIL Security OSI –

    January 24, 2025
  • MIL-OSI Security: Van Nuys Man Sentenced to More Than 20 Years in Prison for Trafficking Fentanyl and Cocaine via Darknet Marketplaces and Possessing Guns

    Source: Office of United States Attorneys

    LOS ANGELES – A San Fernando Valley man who admitted in court documents to causing one fatal fentanyl overdose was sentenced today to 248 months in federal prison for using darknet marketplaces to sell hundreds of thousands of dollars’ worth of fentanyl-laced pills and cocaine to buyers nationwide.

    Brian McDonald, 23, of Van Nuys, whose aliases include “Malachai Johnson,” “SouthSideOxy,” and “JefeDeMichoacan,” was sentenced by United States District Judge Michael W. Fitzgerald. 

    McDonald pleaded guilty on July 17 to one count of conspiracy to distribute fentanyl and cocaine, and one count of possession of firearms in furtherance of a drug trafficking crime. He has been in federal custody since May 2023.

    “This defendant led a drug-trafficking operation that used the dark corners of the internet to ship large quantities of fentanyl-laced pills – with deadly consequences,” said United States Attorney Martin Estrada. “My office will continue using every tool under federal law to prosecute and imprison criminals who prioritize greed over human life.” 

    From at least April 2021 until May 2023, McDonald and others conspired to sell fentanyl and cocaine via darknet marketplaces such as “White House Market,” “ToRReZ” and “AlphaBay.” McDonald, using aliases, created vendor profiles on these marketplaces to sell illegal drugs in exchange for cryptocurrency.

    McDonald created, monitored, and maintained the darknet vendor profiles, including by updating drug listings and shipment options, tracking drug orders received online, and offloading Monero cryptocurrency received as drug deal payments into cryptocurrency wallets that McDonald controlled. 

    McDonald recruited and hired accomplices to help with packaging and shipping the narcotics that they sold on the darknet. McDonald directed other co-conspirators on how to package and ship the narcotics, and he assisted them in the packaging and shipping. Specifically, McDonald purchased bulk quantities of fentanyl and cocaine, and then directed the activities of other co-conspirators to help sell these drugs on the dark web. 

    Among other activities, McDonald directed co-conspirators in receiving and tracking orders placed for fentanyl and cocaine on his dark web vendor profiles, packaging drug orders, and shipping drug orders to customers though the United States Postal Service. Over the course of the conspiracy, McDonald knowingly oversaw and carried out hundreds of drug sales involving the distribution of large quantities of both fentanyl and cocaine, including hundreds of thousands of fentanyl-laced pills that collectively contained more than 12 kilograms of fentanyl.

    As part of the conspiracy, McDonald distributed fentanyl-laced pills to victim Z.S., who ingested a fentanyl-laced pill sold to Z.S. by McDonald, which in turn resulted in Z.S.’s death. 

    McDonald also possessed firearms, specifically two gold-plated handguns – one without a serial number – to protect his drug trafficking business and the proceeds of drug sales made on darknet marketplaces.

    Ciara Clutario, 23, of Burbank, has pleaded guilty to a federal criminal charge in this case and is scheduled to be sentenced on January 13, 2025.

    The FBI and the Drug Enforcement Administration investigated this matter as part of JCODE. The Justice Department established the FBI-led JCODE team to lead and coordinate government efforts to detect, disrupt, and dismantle major criminal enterprises reliant on the darknet for trafficking opioids and other illicit narcotics, along with identifying and dismantling their supply chains. 

    Assistant United States Attorney Declan T. Conroy of the International Narcotics, Money Laundering, and Racketeering Section prosecuted this case.

    MIL Security OSI –

    January 24, 2025
  • MIL-OSI Security: Armed Robber Gets 10 Year Prison Sentence

    Source: Office of United States Attorneys

                WASHINGTON – Antone Watkins, 29, of Washington, D.C., was sentenced today to 10 years in prison for armed robbery and other firearm-related offenses, announced U.S. Attorney Matthew M. Graves and Chief Pamela A. Smith of the Metropolitan Police Department. 

    Watkins was found guilty by a Superior Court jury on July 3, 2024.

                Superior Court Judge Robert Salerno sentenced Watkins to 120 months in prison for armed robbery, 120 months for each of the two counts of possession of a firearm during a crime of violence, 78 months for assault with a dangerous weapon, and 36 months for unauthorized use of a vehicle. Each sentence will run concurrent to each other. In addition, Judge Salerno imposed that Watkins serve five years of supervised release.

                According to the government’s evidence, at around 10:47 p.m., on June 17, 2022, the victim was led into an alley near Howison Place and N Street SW. In that alley, Watkins brandished a firearm and hit the victim across the face with it, chipping his tooth. Watkins and two others then robbed the victim of his cash, chains, watch, and car keys. Video footage showed Watkins running from the alley, getting into the victim’s truck, and driving off. Further video footage showed Watkins only a few minutes later rummaging through the victim’s belongings in the truck. Police arrested Watkins on September 15, 2022, and he has been detained since.

                In announcing the sentence, U.S. Attorney Graves and Chief Smith commended the work of those who investigated the case from the Metropolitan Police Department. Invaluable assistance was provided by the Federal Bureau of Investigation and U.S. Probation Office from early in the case and through the trial. They also commended the work of Assistant U.S. Attorneys Mark Levy and Gregory Evans, who prosecuted the case and Assistant U.S. Attorney Tamara Rubb, who investigated the case.

    MIL Security OSI –

    January 24, 2025
  • MIL-OSI Security: Denver Man Sentenced In Connection With Five Bank Robberies

    Source: Office of United States Attorneys

    DENVER – The United States Attorney’s Office for the District of Colorado announces that Samuel Richard Ruthstrom, age 42, has been sentenced to 160 months in prison after pleading guilty to five counts of bank robbery.

    According to the plea agreement, Ruthstrom robbed four banks and attempted to rob a fifth in Denver. In several of the robberies, Ruthstrom used notes threatening tellers with physical harm if they failed to comply with his demands. Ruthstrom, who was on state parole and living at an inpatient facility at the time of the robberies, stole a box truck to commit three of the crimes.

    “Repeat offenders are a menace to our communities, and I strongly support sentences like this one that keep these criminals off our streets,” said Acting United States Attorney for the District of Colorado Matt Kirsch.

    “Robbing banks is not a career – it’s a series of crimes that will net you serious federal prison time. That is what this defendant learned once the FBI Rocky Mountain Safe Streets Task Force tracked him down,” said FBI Denver Special Agent in Charge Mark Michalek. “The FBI will continue to work with partners like the Denver Police Department and Metro Denver CrimeStoppers to identify and apprehend violent criminals.”

    “The Denver Police Department is proud to see justice served in the case of this repeat offender,” said Denver Police Chief Ron Thomas. “Partnerships between federal and local agencies are critical to stopping bank robberies and other violent crimes.”

    The defendant was sentenced by Judge Nina Y. Wang. The case was investigated by the FBI Rocky Mountain Safe Streets Task Force, and the Denver Police Department.  Assistant United States Attorney Brian Dunn handled the prosecution.

    Case Number: 1:24-mj-00025-KAS

    MIL Security OSI –

    January 24, 2025
  • MIL-OSI Security: Leader of multistate drug trafficking ring sentenced to 15 years

    Source: Office of United States Attorneys

    ANCHORAGE, Alaska – An Anchorage man was sentenced Oct. 18 to 15 years in prison and five years’ supervised release for leading a multistate drug trafficking ring that trafficked kilos of heroin into Alaska and used firearms to further the conspiracy.

    According to court documents, in 2020, Samuel Frederick Davis, 32, purchased heroin and counterfeit Percocet pills in Las Vegas, Nevada. Davis then packaged the drugs and shipped them to his distributors in Anchorage. The drugs were then distributed in Alaska, and the proceeds were deposited into co-conspirators’ bank accounts or returned to Nevada.

    When law enforcement contacted Davis on Dec. 11, 2020, he attempted to flee in a vehicle but continued on foot before his arrest. After his arrest, law enforcement searched the defendant’s mother’s home in Anchorage and discovered approximately $65,000 in drug proceeds, a pistol, a drum magazine and multiple types of ammunition.

    During the investigation, law enforcement seized roughly 3.8 kilos of heroin and over $140,900 in drug proceeds. In total, the drug trafficking organization was responsible for trafficking at least 8.2 kilos of heroin into the state.

    “The defendant and his enterprise trafficked kilos of dangerous drugs into our state and used firearms to safeguard their illegal operations,” said U.S. Attorney S. Lane Tucker for the District of Alaska. “Mr. Davis’ sentence is the final piece of justice in this case. My office, in partnership with our law enforcement partners, will continue to uncover and dismantle drug trafficking organizations that pose a threat to our communities.”

    “Drug traffickers have no regard for the safety of our communities,” said Bureau of Alcohol, Tabacco, Firearms and Explosives (ATF) Seattle Special Agent in Charge Jonathan Blais. “They exacerbate this with firearms to ‘protect’ their illegal actions, further endangering citizens. ATF will continue to work with our local, state and federal partners to investigate and dismantle these drug trafficking rings.”

    “Heroin is a dangerous drug that shatters lives for the profit of traffickers like Mr. Davis,” said David F. Reames, Special Agent in Charge, Drug Enforcement Administration (DEA) Seattle Field Division. “This sentence shows the seriousness of Mr. Davis’ drug trafficking crime as well as the determination of the DEA and our partners in stopping this evil.”

    “The trafficking of drugs into Alaska is a crime with many victims,” said Anchorage Police Department Lieutenant Jack Carson.  “The drugs Mr. Davis, his co-conspirators and other drug dealers import into the state are directly linked to hundreds of deaths each year. Mr. Davis’ arrest makes the streets of Anchorage a safer place.” 

    Co-conspirators in this case include:

    • LC Shelton Johnson-Witlow IV, 25, pleaded guilty to conspiracy to distribute a controlled substance and was sentenced to two years’ imprisonment.
    • Delmar Spencer, 46, pleaded guilty to two counts of possession with intent to distribute and being a felon in possession of a firearm and was sentenced to 10 years’ imprisonment.
    • Dwayne Smith Jr, 25, pleaded guilty to conspiracy to distribute a controlled substance and interference with commerce by robbery and was sentenced to 10 years’ imprisonment.
    • Jorge Luis Rodas, 45, pleaded guilty to conspiracy to distribute a controlled substance and was sentenced to six and a half years’ imprisonment.
    • Jaheim Randolph, 23, pleaded guilty to conspiracy to distribute a controlled substance and was sentenced to nine years’ imprisonment.
    • Frank Mota-Rijo, 41, pleaded guilty to conspiracy to distribute a controlled substance and was sentenced to five years’ imprisonment.
    • Kyin Sumpter-Boyd, 27, pleaded guilty to possession of a controlled substance with intent to distribute, being a felon in possession and possessing a firearm in furtherance of a drug trafficking crime and was sentenced to six years’ imprisonment.

    The ATF Seattle Field Division and Anchorage Field Office, the DEA Seattle Field Division and Anchorage Field Office, the Alaska State Troopers and the Anchorage Police Department investigated the case.

    Assistant U.S. Attorney Seth Brickey, and former Assistant U.S. Attorneys Kayla Doyle and Michael Ebell prosecuted the case.

    ###

    MIL Security OSI –

    January 24, 2025
  • MIL-OSI Security: Murder Defendant Extradited from El Salvador for 2013 Stabbing

    Source: Office of United States Attorneys

                WASHINGTON – Angel Monge, 51, of El Salvador, was transported from El Salvador to the United States by members of the Capital Area Regional Fugitive Task Force, on October 18, 2024, and placed under arrest for a September 2013 murder. Monge was presented in Superior Court in the District of Columbia the next day when the Honorable Leslie Meeke ordered him to be held without bond. The arrest and extradition were announced by U.S. Attorney Matthew M. Graves.

               According to the government’s evidence, at approximately 6:11 p.m. on September 2, 2013, the United States Park Police (USPP) received a call for an unconscious person located in Grove #6 of the park at Beach Road in Northwest D.C. Upon arrival, USPP officers found a deceased male lying on a creek bed. The Metropolitan Police Department and the D.C. Office of the Chief Medical Examiner (OCME) were notified. The OCME conducted an autopsy on the decedent, who was later identified as Matias Molina, 49, of Washington, D.C. Autopsy results showed that the cause of death was multiple sharp force wounds and the manner of death was determined to be a homicide. The case was presented before a grand jury and, in 2015, Angel Dilmar Monge was indicted on a charge of second-degree murder while armed. A bench warrant was issued and Monge was eventually located in El Salvador.   

              This case is being investigated by the Metropolitan Police Department.

              The case is being prosecuted by Assistant U.S. Attorney Dennis Clark.

              The U.S. Attorney’s Office would like to thank the members of the Capital Area Regional Fugitive Task Force. The Justice Department’s Office of International Affairs worked with the Government of El Salvador to secure the arrest and extradition of Monge.

              An indictment is merely an allegation and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

    January 24, 2025
  • MIL-OSI Australia: Female tourist bitten by wongari on K’gari

    Source: Government of Queensland

    Issued: 21 Oct 2024

    Rangers on K’gari (formerly Fraser Island) are monitoring a male dingo (wongari) believed responsible for biting a female tourist around the thigh on 20 October 2024.

    Queensland Parks and Wildlife Service (QPWS) rangers were advised of the incident which occurred at around 8:00am at Beach Camping Zone 6 on the east coast of the island.

    Rangers were told that a group of international tourists arrived on the beach, and that nearby campers warned them of a dingo in the area.

    The dingo approached the woman while she was going to the toilet alone. She wasn’t carrying a stick and started to run as it approached her. The dingo gave chase and bit her on the left rear thigh resulting in two puncture wounds. Campers nearby overheard and chased the dingo away.

    Rangers are investigating the incident and will continue patrols in the area and provide Be dingo-safe! messaging to fishers and campers.

    Visitors and residents on K’gari are reminded to remain vigilant at all times by keeping children at arm’s length, never walking alone and carrying a stick at all times.

    Negative dingo encounters should immediately be reported to a QPWS ranger by calling 07 4127 9150 or emailing dingo.ranger@des.qld.gov.au

    Visitors to K’gari are reminded to ‘Be dingo-safe!’ at all times:

    • Always stay close (within arm’s reach) of children and young teenagers
    • Always walk in groups and carry a stick.
    • Camp in fenced areas where possible
    • Do not run. Running or jogging can trigger a negative dingo interaction
    • Never feed dingoes
    • Lock up food stores and iceboxes (even on a boat)
    • Never store food or food containers in tents, and
    • Secure all rubbish, fish and bait.

    For more information go to K’gari dingoes

    MIL OSI News –

    January 24, 2025
  • MIL-OSI Security: Bell Man Sentenced to More Than 15 Years in Prison for Distributing Illegal Drugs, Including More Than 19,000 Fentanyl-Laced Pills

    Source: Office of United States Attorneys

    LOS ANGELES – A Bell man was sentenced today to 188 months in federal prison for distributing narcotics, including more than 19,000 counterfeit oxycodone pills laced with fentanyl.

    Juan Luis Martinez, 48, was sentenced by United States District Judge Mark C. Scarsi.

    At the conclusion of a two-day trial, a jury on July 24 found Martinez guilty of one count of conspiracy to distribute fentanyl, one count of distribution of fentanyl, and one count of distribution of methamphetamine.

    Martinez in October 2021 met with two women in a parking lot and gave them a plastic bag containing more than 19,000 fentanyl-laced pills, stuffed into a woman’s bra. Law enforcement officers followed the two women as they delivered the bag to three men. Officers then pulled over the car driven by the three men and seized the pills.

    In addition, in December 2021, Martinez knowingly sold more than 300 grams of methamphetamine to a buyer.

    Martinez has been in federal custody since January 2023.

    The Drug Enforcement Administration investigated this matter, with assistance from the Los Angeles County Sheriff’s Department, the Hawthorne Police Department, the Orange Police Department, and the Placentia Police Department.

    Assistant United States Attorney Caitlin J. Campbell and Melissa S. Rabbani of the Santa Ana Branch Office prosecuted this case.

    MIL Security OSI –

    January 24, 2025
  • MIL-OSI Asia-Pac: SFST’s speech at Accenture FinTech Innovation Lab Asia-Pacific Demo Day (English only)

    Source: Hong Kong Government special administrative region

    SFST’s speech at Accenture FinTech Innovation Lab Asia-Pacific Demo Day (English only)
    SFST’s speech at Accenture FinTech Innovation Lab Asia-Pacific Demo Day (English only)
    **************************************************************************************

         Following is the speech by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, at the Accenture FinTech Innovation Lab Asia-Pacific Demo Day today (October 22): Simon (Chairman of the Hong Kong Cyberport Management Company Limited, Mr Simon Chan), Rocky (Chief Executive Officer of the Hong Kong Cyberport Management Company Limited, Dr Rocky Cheng), Marco (Managing Director and Head of Financial Services of Accenture, Mr Marco Tsui), Eric (Chief Public Mission Officer of the Hong Kong Cyberport Management Company Limited, Mr Eric Chan), distinguished guests, ladies and gentlemen,      Good afternoon. It is a pleasure to stand before you today at the Accenture FinTech Innovation Lab Asia-Pacific Demo Day. This event represents the culmination of hard work, innovation, and collaborative effort, showcasing the remarkable advancements that are shaping the future of financial technology in our region.      As we gather here, I am reminded of the incredible journey that the FinTech Innovation Lab Asia-Pacific has undertaken over the years. This year, the programme has once again proven to be a highly competitive platform, attracting over 100 applicants from 35 countries. From this pool of talent, we celebrate the achievements of nine outstanding companies selected to present their innovations today. Each of these start-ups embodies the spirit of resilience and creativity that is essential in today’s fast-paced financial landscape. The role of artificial intelligence      One common thread among these nine companies is their deployment of artificial intelligence (AI) in their service offerings. The excitement surrounding AI, particularly Generative AI, has been palpable over the last two years. Despite the fluctuations in the global financial environment, start-ups leveraging generative models continue to attract significant funding. Investors and market participants recognise the vast opportunities that AI presents, allowing businesses to enhance efficiency, improve customer experiences, and create innovative solutions tailored to ever-evolving market demands.      As we look ahead, I want to share that during the upcoming Hong Kong Fintech Week 2024, we will be issuing a policy statement that outlines the Government’s stance towards the responsible application of AI in financial markets. This statement will provide a framework for integrating AI into our financial ecosystem, ensuring that innovation is harmonised with robust security and regulatory frameworks. The vibrant ecosystem of fintech in Hong Kong      The fintech ecosystem in Hong Kong is not only vibrant but also continues to grow at an unprecedented pace. According to the latest Global Financial Centres Index, Hong Kong ranks ninth globally in fintech offerings, placing us among the elite top 10 fintech hubs worldwide. This recognition is a testament not only to our achievements but also to our commitment to fostering innovation in the financial sector.      We understand that promoting fintech is essential for enhancing the overall competitiveness of Hong Kong’s financial services industry. To this end, we work closely with financial regulators, industry leaders, and innovators to ensure that our fintech sector remains at the cutting edge of global developments. Advancing financial services      As outlined in the latest Policy Address presented just last week, the Government is dedicated to solidifying Hong Kong’s position as a global leader in financial innovation. We are advancing the development of cutting-edge financial services that will reshape the financial landscape of tomorrow. Key areas of focus include Central Bank Digital Currencies (CBDCs), mobile payments, virtual banking, virtual insurance, and virtual asset (VA) transactions.      Each of these innovations holds the potential to significantly alter how we conduct financial transactions, interact with financial institutions, and manage our assets. By deepening our efforts in these areas, we are not just keeping pace with global advancements; we are striving to remain at the forefront of this evolution. Initiatives to cultivate innovation      Over the past few months, we have introduced a range of initiatives aimed at cultivating a vibrant ecosystem for fintech innovation. These efforts span multiple key areas, from enhancing cross-boundary payment systems to advancing digital asset regulation and fostering a dynamic fintech talent pool.      In May, we expanded the cross-boundary e-CNY pilot programme, providing safe and convenient retail payment options for residents in both Hong Kong and the Mainland. The Hong Kong Monetary Authority (HKMA) is actively exploring new technological solutions for cross-boundary trade settlements through the mBridge platform. By expanding use cases and widening participation from both public and private sectors, we aim to make cross-border transactions faster, more secure, and more cost efficient.      Moreover, we are promoting real-world asset tokenisation and developing a digital money ecosystem. Through Project Ensemble, the HKMA is laying the groundwork for the tokenisation of real-world assets and the use of digital money for interbank settlements. This initiative is designed to facilitate more efficient asset trading and further integrate digital currencies into our financial system. Stablecoin regulation and digital currencies      As part of our commitment to fostering a secure digital financial environment, potential stablecoin issuers will have the opportunity to test their business plans and use cases through the stablecoin issuer sandbox. Later this year, we will introduce legislation to regulate fiat-referenced stablecoin issuers, creating a secure and consistent framework for the growth of this emerging market.      Further underlining our dedication to digital currencies, we launched Phase 2 of the e-HKD Pilot Programme in September, now renamed Project e-HKD+. This initiative allows us to explore innovative use cases for new forms of digital money, including e-HKD and tokenised deposits. Our expanded focus on the digital money ecosystem will ensure that we remain at the forefront of technological advancements in this space. Regulatory frameworks and risk mitigation      Regulations play a critical role in mitigating risks in the rapidly evolving world of virtual assets. To protect investors and uphold market integrity, the Financial Services and the Treasury Bureau (FSTB) is conducting a second round of public consultation on regulatory proposals for over-the-counter VA trading. We will also introduce a proposed licensing regime for VA custodian service providers, ensuring the safekeeping of digital assets in line with international standards. Commitment to digital securities      Our commitment to innovation extends to the digital securities market as well. The HKMA is preparing to launch the Digital Bond Grant Scheme, which will incentivise financial institutions and issuers to adopt tokenisation technology in capital market transactions. This initiative will unlock new opportunities in the digital securities space, modernising our financial infrastructure and ensuring that Hong Kong continues to lead in global financial innovation. The horizon ahead      As demonstrated by today’s gathering of innovators, Hong Kong is truly an ideal platform for nurturing fintech talent and fostering global engagement. The upcoming ninth Hong Kong Fintech Week, themed “Illuminating New Pathways in Fintech”, will soon take place, from October 28 to November 1. Last year’s event set a new benchmark, drawing a record 35 000 attendees and garnering 5.5 million online views from over 100 economies.      This year, we welcome top leaders, policymakers, and investors from around the world for insightful discussions on the fintech landscape and cutting-edge technologies such as AI, tokenisation, and Web3. I encourage each of you to join us for what promises to be an exciting and transformative event. Supporting start-ups and entrepreneurs      To further support innovators like you, the Government is introducing a $10 billion I&T Industry-Oriented Fund to drive investment into the innovation and technology sectors. In addition, we are enhancing the Innovation and Technology Venture Fund by redeploying $1.5 billion to create matching funds with market partners. This will provide greater opportunities for start-ups and entrepreneurs to access capital, ensuring that our vibrant start-up ecosystem continues to flourish. Conclusion      Ladies and gentlemen, as I conclude, I would like to express my sincere gratitude to Accenture and Cyberport for organising today’s Demo Day. I also extend my heartfelt thanks to the participating fintech companies and our financial institutions for their invaluable contributions. Your hard work and dedication are what drive innovation in our sector.      Thank you, and I look forward to witnessing the groundbreaking advancements that will emerge from this dynamic ecosystem.

     
    Ends/Tuesday, October 22, 2024Issued at HKT 16:42

    NNNN

    MIL OSI Asia Pacific News –

    January 24, 2025
  • MIL-OSI Asia-Pac: Import of poultry meat and products from Åšroda Wielkopolska District of Wielkopolskie Region in Poland suspended

    Source: Hong Kong Government special administrative region

    Import of poultry meat and products from Środa Wielkopolska District of Wielkopolskie Region in Poland suspended
    Import of poultry meat and products from Środa Wielkopolska District of Wielkopolskie Region in Poland suspended
    ******************************************************************************************

         ​The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department announced today (October 22) that in view of a notification from the World Organisation for Animal Health (WOAH) about an outbreak of highly pathogenic H5N1 avian influenza in the Środa Wielkopolska District of the Wielkopolskie Region in Poland, the CFS has instructed the trade to suspend the import of poultry meat and products (including poultry eggs) from the area with immediate effect to protect public health in Hong Kong.     A CFS spokesman said that according to the Census and Statistics Department, Hong Kong imported about 1 620 tonnes of frozen poultry meat from Poland in the first six months of this year.     “The CFS has contacted the Polish authority over the issue and will closely monitor information issued by the WOAH and the relevant authorities on the avian influenza outbreak. Appropriate action will be taken in response to the development of the situation,” the spokesman said.

     
    Ends/Tuesday, October 22, 2024Issued at HKT 16:37

    NNNN

    MIL OSI Asia Pacific News –

    January 24, 2025
  • MIL-OSI United Kingdom: Time running out to have your say on plans to renew dog control orders 22 October 2024 Time running out to have your say on plans to renew dog control measures across the Island

    Source: Aisle of Wight

    Time is running out for residents to have their say on Isle of Wight Council plans to renew dog controls across the Island.

    So far more than 600 residents have shared their views on whether certain rules around dogs in public spaces should be reintroduced.

    Public Spaces Protection Order (PSPOs) allow the council to continue protecting the Island’s beaches and public spaces for locals and visitors to enjoy.

    The council is required to renew these orders every three years and consult with residents.

    The authority is not proposing any changes to the PSPOs previously in force. These cover a wide range of dog control measures, while also encouraging responsible dog ownership.

    The measures include:

    •    requiring owners to pick up after their dog in public areas, such as parks and open spaces;

    •    excluding dogs from selected beaches between 1 May and 30 September (the majority of Island beaches welcome dogs all year round);

    •    requiring dogs to be on a lead in Island cemeteries; and

    •    restricting dogs from fenced children’s play areas.

    After the consultation, all the comments that are made will be considered before any decision is made.

    The final decision to agree the new order, with any changes included, will be made by the council’s Cabinet in November.

    The consultation closes on Sunday 27 October and residents are urged to complete the survey.

    The council would like to hear the views of all stakeholders — dog owners, users of our public spaces, community and sports groups, town, parish and community councils, local residents and businesses.

    Councillor Lora Peacey-Wilcox, Cabinet member for parks and open spaces, said: “Thank you to everyone who has taken the time to take part in the PSPO consultation so far.

    “I would like to encourage more residents to complete the survey, which only takes five minutes to do, as your input will help to shape and inform the future of our PSPOs.

    “Your views are really important and we will consider all the feedback received to help inform a decision on the proposals.”

    Photo: Getty Images

    MIL OSI United Kingdom –

    January 24, 2025
  • MIL-OSI Asia-Pac: Consumer Price Indices for September 2024

    Source: Hong Kong Government special administrative region

         The Census and Statistics Department (C&SD) released today (October 22) the Consumer Price Index (CPI) figures for September 2024. According to the Composite CPI, overall consumer prices rose by 2.2% in September 2024 over the same month a year earlier, smaller than the corresponding increase (2.5%) in August 2024. Netting out the effects of all Government’s one-off relief measures, the year-on-year rate of increase in the Composite CPI (i.e. the underlying inflation rate) in September 2024 was 0.9%, also smaller than that in August 2024 (1.2%). The smaller increases were mainly due to the higher base of comparison resulting from the significant increases in food prices in September 2023.

         On a seasonally adjusted basis, the average monthly rate of increase in the Composite CPI for the 3-month period ending September 2024 was 0.4%, and that for the 3-month period ending August 2024 was 0.6%. Netting out the effects of all Government’s one-off relief measures, the corresponding rates of increase were 0.1% and 0.2%.   

         Analysed by sub-index, the year-on-year rates of increase in the CPI(A), CPI(B) and CPI(C) were 2.9%, 2.0% and 1.6% respectively in September 2024, as compared to 3.2%, 2.2% and 1.9% respectively in August 2024. Netting out the effects of all Government’s one-off relief measures, the year-on-year rates of increase in the CPI(A), CPI(B) and CPI(C) were 0.9%, 0.9% and 1.0% respectively in September 2024, as compared to 1.1%, 1.2% and 1.3% respectively in August 2024.   

         On a seasonally adjusted basis, for the 3-month period ending September 2024, the average monthly rates of increase in the CPI(A), CPI(B) and CPI(C) were 0.5%, 0.4% and 0.3% respectively. The corresponding rates of increase for the 3-month period ending August 2024 were 0.8%, 0.5% and 0.4% respectively. Netting out the effects of all Government’s one-off relief measures, the average monthly rates of increase in the seasonally adjusted CPI(A), CPI(B) and CPI(C) for the 3-month period ending September 2024 were all 0.1%, and the corresponding rates of increase for the 3-month period ending August 2024 were 0.2%, 0.1% and 0.2% respectively.   

         Amongst the various components of the Composite CPI, year-on-year increases in prices were recorded in September 2024 for alcoholic drinks and tobacco (21.4%), electricity, gas and water (6.5%), housing (3.3%), miscellaneous services (2.0%), meals out and takeaway food (1.8%), miscellaneous goods (1.2%), and transport (1.0%).   

         On the other hand, year-on-year decreases in the components of the Composite CPI were recorded in September 2024 for clothing and footwear (-1.6%), basic food (-0.4%), and durable goods (-0.4%).   

         Taking the first 9 months of 2024 together, the Composite CPI rose by 1.9% over a year earlier. The respective increases in the CPI(A), CPI(B) and CPI(C) were 2.2%, 1.7% and 1.6% respectively. The corresponding increases after netting out the effects of all Government’s one-off relief measures were 1.0%, 0.9%, 1.1% and 1.2% respectively.   

         In the third quarter of 2024, the Composite CPI rose by 2.4% over a year earlier, while the CPI(A), CPI(B) and CPI(C) rose by 3.1%, 2.1% and 1.9% respectively. The corresponding increases after netting out the effects of all Government’s one-off relief measures were 1.1%, 1.0%, 1.1% and 1.2% respectively.   

         For the 12 months ending September 2024, the Composite CPI was on average 2.0% higher than that in the preceding 12-month period. The respective increases in the CPI(A), CPI(B) and CPI(C) were 2.4%, 1.9% and 1.8% respectively. The corresponding increases after netting out the effects of all Government’s one-off relief measures were 1.2%, 1.0%, 1.2% and 1.4% respectively. 

    Commentary

         A Government spokesman said that underlying consumer price inflation remained modest in September. The year-on-year increase in food price eased, while prices of energy-related items declined at a narrowed rate. Price pressures on other major components remained broadly in check.

         Looking ahead, overall inflation should stay mild in the near term. The continued growth of the Hong Kong economy could pose some moderate upward pressures on domestic cost. Meanwhile, external price pressures should ease further, though uncertainties in the external environment remain. The Government will continue to monitor the situation.

    Further information

         The CPIs and year-on-year rates of change at section level for September 2024 are shown in Table 1. The time series on the year-on-year rates of change in the CPIs before and after netting out the effects of all Government’s one-off relief measures are shown in Table 2. For discerning the latest trend in consumer prices, it is also useful to look at the changes in the seasonally adjusted CPIs. The time series on the average monthly rates of change during the latest 3 months for the seasonally adjusted CPIs are shown in Table 3. The rates of change in the original and the seasonally adjusted Composite CPI and the underlying inflation rate are presented graphically in Chart 1.

         More detailed statistics are given in the “Monthly Report on the Consumer Price Index”. Users can browse and download this publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1060001&scode=270).

         For enquiries about the CPIs, please contact the Consumer Price Index Section of the C&SD (Tel: 3903 7374 or email: cpi@censtatd.gov.hk).
     

    MIL OSI Asia Pacific News –

    January 24, 2025
  • MIL-Evening Report: View from The Hill: We have bigger issues around freedom of speech than Lidia Thorpe’s noisy protest

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    King Charles – as the old-fashioned saying goes – didn’t come down in the last shower. He’s unlikely to have been fazed by the outburst from independent senator Lidia Thorpe, who disrupted Monday’s Parliament House reception for the royals.

    And neither, frankly, should anyone else.

    Thorpe, clad in a possum-skin cloak, shouted: “You are not our king.”

    “You destroyed our land. Give us a treaty. We want a treaty in this country. You are a genocidalist.”

    “You committed genocide against our people. Give us our land back. Give us what you stole from us – our bones, our skulls, our babies, our people.”

    The conduct of Thorpe, who used to be with the Greens and is an outspoken advocate of ‘Blak sovereignty’, was rude, albeit absolutely in character. She acts up in the parliament regularly.

    As a senator, Thorpe, who was escorted out of the Great Hall, still yelling, had the right to be at the reception. And it is not the only time a parliamentarian has created a fuss when a dignitary was visiting. In 2003, Greens senator Bob Brown shouted out during the address to the joint houses by US President George W. Bush.

    While not at all condoning Thorpe’s exhibitionism, she wasn’t inciting violence. Was she bringing our parliament into disrepute? Sadly, many parliamentarians do that all the time in less dramatic ways, as visitors to question time will tell you.

    Those muttering that perhaps there should be some parliamentary censure of Thorpe are misguided. As Senate Opposition leader Simon Birmingham pointed out on Tuesday, Thorpe “would probably revel in being censured by the Senate”. The one thing she wants is publicity.

    Thorpe pushes her right to air her views to the limit, but her antics are not at the sharp end of the current “free speech” debate in this country. There are two, very different and much more important, fronts in that debate.

    One relates to the pro-Palestine demonstrations. The other is the government’s attempt to crack down on misinformation and disinformation on digital platforms.

    Those on the political right tend to play down worries about limiting free expression when it comes to the pro-Palestinian demonstrations. On the other hand, they are worried about putting more restrictions on the internet. Those on the left tend to support the battle against misinformation and disinformation on digital platforms, and are less worried about its free speech impact.

    Increasing antisemitism has fuelled calls for the ubiquitous pro-Palestinian protests to be curbed in some way.

    Critics highlight the hate preached on occasion; they say the demonstrations make Jewish Australians feel unsafe, disrupt citizens’ weekends, and are a drag on police resources.

    What are the relevant rights here, and their comparative weights? The right to free expression and protest. The right to feel safe. The right for people to go about their business without undue inconvenience. The tradeoffs are much more complicated than any questions thrown up by Thorpe’s behaviour.

    The number and regularity of the pro-Palestine demonstrations have driven some critics to argue enough is enough. That is not convincing, and nor is the argument that these protests soak up police resources. Unfortunately, these are the costs of preserving the right to protest.

    Much more troubling is that these protests can foster hate and make people feel threatened in their own country. Here balances must be carefully struck, and that’s hard.

    Incitement laws must be enforced. Beyond that, demonstrations have to be managed, so that the protesters’ right to have their say and the safety of others, especially a vulnerable section of the population, are both preserved.

    So for example, it’s important university campuses can have protests (as they always have). But “encampments” on campuses have been properly condemned and should not be allowed.

    Even more complex in the free speech debate is how to deal with disinformation (the deliberate spread of false information) and misinformation (where the misleading is not deliberate).

    The government presently has a bill in parliament seeking to combat misinformation and disinformation on digital platforms. It is a reworked version of a much-attacked earlier draft.

    In her second reading speech on the bill last month, Communications Minister Michelle Rowland said:

    To protect freedom of speech, the bill [which does not apply to “professional news content”] sets a high threshold for the type of misinformation and disinformation that digital platforms must combat on their services – that is, it must be reasonably verifiable as false, misleading or deceptive and reasonably likely to cause or contribute to serious harm.

    The harm must have significant and far-reaching consequences for Australian society, or severe consequences for an individual in Australia.

    Among the “serious harms” in the bill is “harm to the operation or integrity of an electoral or referendum process in Australia”.

    The struggle against misinformation and disinformation on digital platforms will always be a losing one. The reach is just too vast.

    But more particularly, there is also the problem that what is “misinformation” and “disinformation” can be less clear than one might think. On occasion, what seems wrong at the time turns out to be correct later.

    Beyond those obvious points, some material so-labelled is not one or the other but disputed information.

    For example, proponents of the Voice have blamed its loss at least partly on misinformation and disinformation. However, much of this involved highly contested claims, especially about an unpredictable future.

    What this legislation does is push as much responsibility as it can, backed by a regulatory framework, onto the platforms to do the censoring of misinformation and disinformation, thus trying to avoid constitutional issues of implied freedom of political communication.

    Human rights lawyer Frank Brennan has written, “The real challenge for Minister Rowland is that debating such a detailed bill without the backstop of a constitutional or statutory bill of rights recognising the right to freedom of expression, there are no clear guard rails for getting the balance right for ‘the freedom of expression that is so fundamental to our democracy’.”

    All things considered, It is hard to see the bill clearing its obstacle course before the election.

    Michelle Grattan does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. View from The Hill: We have bigger issues around freedom of speech than Lidia Thorpe’s noisy protest – https://theconversation.com/view-from-the-hill-we-have-bigger-issues-around-freedom-of-speech-than-lidia-thorpes-noisy-protest-241906

    MIL OSI Analysis – EveningReport.nz –

    January 24, 2025
  • MIL-OSI Economics: Secretary-General of ASEAN launches the “Maritime Heritage at the ASEAN Heritage Parks” Exhibition

    Source: ASEAN

    Today, Secretary-General of ASEAN, Dr. Kao Kim Hourn, inaugurated the “Maritime Heritage at the ASEAN Heritage Parks” Exhibition organised by the Philippines Mission to ASEAN, in ASEAN Headquarters/ASEAN Secretariat. The exhibition showcased the maritime heritage of ASEAN, particularly the rich biodiversity preserved and promoted through the ASEAN Heritage Parks, with a center-piece model of a whale shark. The exhibition highlighted two ASEAN Heritage Parks from the Philippines, namely Tubbataha Reef and the Agusan Marsh, as well as ASEAN Heritage Parks from the ASEAN Member States that have maritime or similarly aquatic-related Heritage Parks. The exhibition takes place from 22 to 25 October 2024 at the lobby of the ASEAN Headquarters/ ASEAN Secretariat.

    The post Secretary-General of ASEAN launches the “Maritime Heritage at the ASEAN Heritage Parks” Exhibition appeared first on ASEAN Main Portal.

    MIL OSI Economics –

    January 24, 2025
  • MIL-OSI Economics: AIIB Backs Early-Stage Innovation in India, Investing in Endiya Partners under Venture Capital Investment Program

    Source: Asia Infrastructure Investment Bank

    The Asian Infrastructure Investment Bank (AIIB) has approved investments in Endiya Partners Fund III under the AIIB Venture Capital (VC) Investment Program. The investments will support early-stage companies focused on green and technology-enabled infrastructure in India and Southeast Asia.

    Launched in December 2022, AIIB’s VC Investment Program for Green and Technology-Enabled Infrastructure began with a commitment of USD100 million, with an additional USD30 million for co-investments. The program aims to fill the capital gap for early-stage ventures by investing through small-scale VC funds.

    Endiya Partners Fund III will invest in early-stage start-ups in India, focusing on intellectual property that aligns with AIIB’s strategic priorities.

    “Endiya Partners shares AIIB’s vision of promoting innovation in green and technology-enabled infrastructure through strategic investments in the digital industry, healthcare and enterprise sectors,” said Sateesh Andra, Managing Partner at Endiya Partners. “We thank AIIB for their confidence and LP (limited partners) investment as we drive impactful change.”

    This will be the second signed commitment, previously approved as MSA Emerging Technology Markets Fund I in 2023. The total investment under the VC Program now represents about 20% of its investable corpus. The program’s goal is to build a diversified portfolio of 10 to 12 VC funds across sectors, geographies and stages of development.“These investments are pivotal as they operationalize AIIB’s forward-looking VC Program, with significant potential to grow the innovation landscape in our Members,” said Gregory Liu, AIIB Director General of Financial Institutions and Fund Clients, Global. “Our focus will be to enhance this program by identifying innovative ideas that deliver scalable impacts, creating a portfolio that generates returns and positive outcomes.”

    The investments align with AIIB’s Private Capital Mobilization thematic priority and mission of Financing Infrastructure for Tomorrow, emphasizing technology as a competitive advantage. AIIB’s Environmental and Social Policy applies to the program, ensuring that each VC Fund adheres to the Bank’s environmental and social standards.

    About AIIB

    The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is Financing Infrastructure for Tomorrow in Asia and beyond – infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 110 approved members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

    MIL OSI Economics –

    January 24, 2025
  • MIL-OSI: Recording of LHV Group’s 22 October investor webinar

    Source: GlobeNewswire (MIL-OSI)

    To give an overview of the 2024 Q3 and nine month financial results, LHV Group organised an investor meeting webinar on 22 October. An overview of the company’s progress was given by Madis Toomsalu, Chairman of the Management Board of LHV Group and Meelis Paakspuu, CFO of LHV Group.

    The live coverage was followed by 38 participants, the live feed of the presentation was broadcast over Zoom.

    Recording of the investor meeting (in Estonian) is available at: https://youtu.be/JCNtp004Z48 

    LHV Group is the largest domestic financial group and capital provider in Estonia. The LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs nearly 1,200 people. As at the end of September, LHV’s banking services are being used by 445,000 clients, the pension funds managed by LHV have 116,000 active clients, and LHV Kindlustus protects a total of 169,000 clients. LHV Bank Limited, a subsidiary of the Group, holds a banking licence in the United Kingdom and provides banking services to international financial technology companies, as well as loans to small and medium-sized enterprises.

    Marthi Lepik
    Communication Specialist
    Phone: +372 5666 2944
    Email: marthi.lepik@lhv.ee   

    The MIL Network –

    January 24, 2025
  • MIL-OSI Economics: BoBC Auction Results – 22 October 2024

    Source: Bank of Botswana

    The Monetary Policy Rate (MoPR) was unchanged at 1.9 percent of the previous week, for a paper maturing on 29 October 2024.  The summarised results of the auction held on 22 October 2024, are attached below:

    BOBC Results 22 October 2024.pdf

    MIL OSI Economics –

    January 24, 2025
  • MIL-OSI: Everest Business Funding Named a 2024 Best and Brightest Company to Work For in the Nation

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) — Everest Business Funding is proud to announce its inclusion on the list of 2024 Best and Brightest Companies to Work For in the Nation. This prestigious award, bestowed by the National Association for Business Resources (NABR), honors companies that excel in innovative business practices and human resource strategies. These are companies that distinguish themselves as industry leaders.

    The Best and Brightest Companies to Work For award highlights businesses across the United States that prioritize employee engagement, workforce development, and workplace culture. The award-winners were evaluated by an independent research firm on various metrics, including compensation, benefits, employee engagement, diversity and inclusion initiatives, and community involvement.

    Everest Business Funding provides revenue-based financing to entrepreneurs and business owners. The company is committed to helping those with strong entrepreneurial spirits obtain working capital in order to accelerate growth. Everest Business Funding’s leaders understand that its team members are foundational to this mission of providing hassle-free funding to eligible parties.

    The recognition from NABR reflects the company’s commitment to fostering an inclusive work environment and high-performing workforce. Everest Business Funding’s leadership team has emphasized the importance of employee well-being and engagement as critical components of the company’s success. By implementing innovative human resources practices, the team has created an environment that promotes growth and collaboration.

    Everest Business Funding is honored to receive this national recognition. The company strives to place employees at the core of everything it does and is committed to creating a positive and supportive environment where everyone can thrive. This award is a testament to the dedication and passion of Everest Business Funding’s leadership team as well as the individual commitment of each of its employees.

    With this recognition as one of the Best and Brightest Companies to Work For, Everest Business Funding reinforces its position as an industry leader that values its employees and remains committed to creating a workplace that encourages innovation, collaboration, and professional development.

    The Best and Brightest Companies to Work For award is part of a national program conducted by NABR, which has over 25 years of experience recognizing companies with exceptional workplace standards. The winners were selected based on a comprehensive review of factors such as employee retention, work-life balance, and leadership strategies.

    NABR’s comprehensive selection process adds to the prestige of the award. Only the best of the best make it onto the annual list, and Everest Business Funding is proud to have been recognized as one of the premier organizations in the country.

    About Everest Business Funding

    Everest Business Funding provides alternative finance options and revenue-based funding to small business owners. They serve a diverse pool of businesses, from healthcare to retail, to help them obtain working capital to grow, buy inventory, launch marketing campaigns, or hire staff. Everest Business Funding’s clients are treated with respect and receive high-quality guidance and service from its professionals.

    Media Contact
    Anthony Parker
    Everest Business Funding
    888-342-5709
    Info@everestbusinessfunding.com

    The MIL Network –

    January 24, 2025
  • MIL-OSI: Special Dividend Declaration

    Source: GlobeNewswire (MIL-OSI)

    Following a successful period of realisations, the Board of Foresight Enterprise VCT plc is pleased to declare a special interim dividend of 7.1p per share which will be paid on 15 November 2024.

    The shares will be quoted ex-dividend on 31 October 2024, with a record date of 1 November 2024 and a payment date of 15 November 2024.

    For further information, please contact:

    Company Secretary:
    Foresight Group LLP
    Contact: Gary Fraser Tel: 0203 667 8100

    Investor Relations:
    Foresight Group LLP
    Contact: Andrew James Tel: 0203 667 8181

    The MIL Network –

    January 24, 2025
←Previous Page
1 … 5,285 5,286 5,287 5,288 5,289 … 5,912
Next Page→
NewzIntel.com

NewzIntel.com

MIL Open Source Intelligence

  • Blog
  • About
  • FAQs
  • Authors
  • Events
  • Shop
  • Patterns
  • Themes

Twenty Twenty-Five

Designed with WordPress