Source: Reserve Bank of India
|
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on October 11, 2024, Friday, as under:
2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same. (Puneet Pancholy) Press Release: 2024-2025/1269 |
Source: US Department of Homeland Security
Headline: Department of Homeland Security Secretary’s Awards in the National Capitol Region, October 15
Department of Homeland Security Secretary’s Awards in the National Capitol Region, October 15
aunica.brockel
On October 15, Secretary of Homeland Security Alejandro N. Mayorkas hosts the second of three awards ceremonies in the National Capitol Region to present the DHS Secretary’s Awards to employees for their outstanding contributions and recognize workforce achievements.
Watch on YouTube
Source: Asia Infrastructure Investment Bank
The Asian Infrastructure Investment Bank (AIIB) and the ASEAN+3 Macroeconomic Research Office (AMRO) signed a memorandum of understanding (MOU) to enhance cooperation aimed at fostering regional macroeconomic resilience and sustainable development. This strategic partnership will leverage joint research, knowledge sharing, capacity building and staff exchanges to create a more robust economic landscape for the region.
AMRO Director Kouqing Li and AIIB President Jin Liqun signed the three-year agreement in Vientiane, Lao PDR this week on the sidelines of the 2024 ASEAN Summit, marking a significant step forward in the two organizations’ shared commitment to addressing pressing economic challenges for their respective member economies.
“Amid rising global uncertainty and increasing geoeconomic fragmentation, forging strategic partnerships is paramount to deepen our understanding of the challenges faced by the ASEAN+3 region,” Li said. “I am confident AMRO’s collaboration with AIIB will unlock synergies as we work toward securing the macroeconomic and financial resilience and stability of the region.”
“This partnership reflects our shared vision of fostering sustainable, resilient growth in Southeast Asia,” Jin said. “AIIB is committed to financing Infrastructure for Tomorrow, underpinned by rigorous analysis of local conditions and strong cooperation with local and regional partners. By strengthening joint efforts with AMRO, we are building a solid foundation for a more prosperous and inclusive future for all.”
The new partnership signifies both organizations’ commitment to enhancing their collaborative initiatives to generate enduring economic benefits for their respective member economies and to navigate the challenges of an evolving global economy.
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.
About AMRO
AMRO is an international organization comprising the 10 members of the Association of Southeast Asian Nations (Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Viet Nam) and China; Hong Kong, China; Japan; and Korea. AMRO’s mandate is to conduct macroeconomic surveillance, support regional financial arrangements, and provide technical assistance to the members. In addition, AMRO also serves as a regional knowledge hub and provides support to ASEAN+3 financial cooperation.
Source: Allens Insights
The rationale for mandatory reporting is the Government’s limited visibility over threats to the private sector and the current underreporting of ransomware payments.
A ransomware reporting regime has previously been supported by both major parties so we expect this reporting regime will receive bipartisan support.
Two key elements of the Government’s proposal are:
Importantly, the Cyber Bill makes clear that ransomware payment reports may only be used or disclosed by the designated federal body or a secondary entity (if such reports are disclosed by the designated federal body), in limited circumstances. Relevantly, the designated federal body must not use or disclose the relevant information it obtains for the purposes of investigating or enforcing any contravention by the reporting business entity of a federal, state or territory law (other than a law that imposes a penalty for a criminal offence).
To the extent that payment of a ransom is an offence under a criminal sanctions, terrorism financing or other financial crime law, federal or state bodies will be permitted to record, use or disclose the information.
The Cyber Bill clarifies that information in ransomware payment reports is inadmissible in a broad range of proceedings—including for certain criminal proceedings, civil proceedings for contraventions of civil penalties and proceedings for breaches of any federal, state or territory laws (including the common law). Whilst this provision does not amount to safe harbour from all criminal liability, it does provide broad comfort that information (which is not subject to LPP) may not be admitted in legal proceedings.
Importantly, because this protection is specifically expressed to attach to information provided by the reporting entity, careful consideration will need to be given in circumstances where a group of companies has suffered an incident.
The Cyber Bill also expressly states that information provided in a ransomware payment report does not affect a claim of LPP that anyone may make in relation to information in any proceedings. The express LPP carveout is important as statutory provisions that abrogate legal professional privilege must do so expressly and unambiguously.2 However, the position as to whether and when provision of information the subject of LPP to government agencies constitutes a waiver of LPP is far from settled.3 Further, the protections in respect of LPP are not as broad or far reaching as those in respect of the admissibility of evidence (see below). Accordingly, careful consideration will need to be given prior to the disclosure of any material to which LPP may apply.
Source: People’s Republic of China Ministry of Commerce
The Ninth Round of China-ASEAN FTA 3.0 Negotiations was Held in Bangkok, Thailand
From August 30 to September 3, 2024, the ninth round of China-ASEAN FTA 3.0 negotiations was held in Bangkok, Thailand, joined by nearly 200 officials from competent authorities of China, ten ASEAN countries and the ASEAN Secretariat. Both sides implemented the consensus of Chinese and ASEAN leaders and accelerated the negotiations with positive progress.
The China-ASEAN FTA 3.0 Upgrade Negotiations were launched in November 2022 by Chinese and ASEAN leaders. The upgrade will expand and deepen economic and trade cooperation between China and ASEAN, adding new substance to the China-ASEAN comprehensive strategic partnership.
(All information published on this website is authentic in Chinese. English is provided for reference only.)
MILES AXLE Translation. Region: Russian Federation –
Source: Moscow Government – Government of Moscow –
The Moscow government approved the draft city law “On the budget of the city of Moscow for 2025 and the planning period of 2026 and 2027”. The budget was formed based on strategic plans for the development of the economy, infrastructure and social sphere of the capital until 2030, the expected results of the 2024 budget execution and the base scenario of the forecast of the socio-economic development of Moscow for the next three years.
In 2022–2023, the capital’s economy as a whole went through a period of adaptation to unprecedented sanctions pressure from unfriendly countries and is now on a balanced growth trajectory. Active implementation of domestic technological developments, reduced dependence on imported equipment and components, substitution of products from unfriendly countries, and a high level of employment allow us to predict its further progressive development in the next three years.
In 2025, the costs of implementing 13 state programs of Moscow will make up 90 percent of the budget expenditure. Among them are the development of healthcare, education, the transport system, the cultural and tourist environment, the preservation of cultural heritage and social support for residents.
|
Program |
2025 year |
Over three years (2025–2027) |
|
1 |
2 |
3 |
|
Expenditures on the implementation of state programs, total Taking into account compulsory medical insurance funds |
5 013,5 5 499,1 |
15 229,8 16 799 |
|
Including: |
||
|
Development of the transport system |
1084.9 |
3192.8 |
|
Social support for residents |
737.1 |
2 237,7 |
|
Development of education |
649.6 |
2121.2 |
|
Healthcare development |
610.7 |
1828.6 |
|
Taking into account compulsory medical insurance funds |
1096.3 |
3397.8 |
|
Housing |
567.6 |
1843.7 |
|
Development of public utility infrastructure and energy saving |
131.7 |
416.6 |
|
Development of the digital environment and innovations |
204.3 |
640.3 |
|
Development of the urban environment |
262.8 |
834.4 |
|
Development of the cultural and tourist environment and preservation of cultural heritage |
241.7 |
698.8 |
|
Economic development and investment attractiveness |
206.8 |
490.1 |
|
Moscow Sports |
106.1 |
298.4 |
|
Safe City |
106.6 |
333.2 |
|
Urban development policy |
103.5 |
293.8 |
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.
Source: GlobeNewswire (MIL-OSI)
THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS
NBPE Announces September Monthly NAV Estimate
11 October 2024
NB Private Equity Partners (NBPE), the $1.3bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 30 September 2024 monthly NAV estimate.
NAV Highlights (30 September 2024)
| As of 30 September 2024 | YTD | 1 Year | 3 years | 5 years | 10 years |
| NAV TR (USD)* Annualised |
0.9% | 4.3% | (2.8%) (1.0%) |
70.9% 11.3% |
172.2% 10.5% |
| MSCI World TR (USD)* Annualised |
19.3% | 33.0% | 30.7% 9.3% |
89.1% 13.6% |
175.2% 10.7% |
| Share price TR (GBP)* Annualised |
0.8% | 6.4% | 14.1% 4.5% |
76.0% 12.0% |
245.2% 13.2% |
| FTSE All-Share TR (GBP)* Annualised |
9.9% | 13.4% | 23.9% 7.4% |
32.2% 5.7% |
83.6% 6.3% |
* All NBPE performance figures assume re-investment of dividends on the ex-dividend date and reflect cumulative returns over the relevant time periods shown. Three-year, five-year and ten-year annualised returns are presented for USD NAV, MSCI World (USD), GBP Share Price and FTSE All-Share (GBP) Total Returns.
Portfolio Update to 30 September 2024
NAV performance during the month driven by:
Realisations from the portfolio continue in 2024
$391 million of total liquidity at 30 September 2024
$73 million invested in 2024 in new and follow-on investments
Portfolio Valuation
The fair value of NBPE’s portfolio as of 30 September 2024 was based on the following information:
For further information, please contact:
NBPE Investor Relations +44 (0) 20 3214 9002
Luke Mason NBPrivateMarketsIR@nb.com
Kaso Legg Communications +44 (0)20 3882 6644
Charles Gorman nbpe@kl-communications.com
Luke Dampier
Charlotte Francis
Supplementary Information (as at 30 September 2024)
| Company Name | Vintage | Lead Sponsor | Sector | Fair Value ($m) | % of FV |
| Action | 2020 | 3i | Consumer | 68.9 | 5.4% |
| Osaic | 2019 | Reverence Capital | Financial Services | 62.7 | 4.9% |
| Solenis | 2021 | Platinum Equity | Industrials | 58.2 | 4.6% |
| BeyondTrust | 2018 | Francisco Partners | Technology / IT | 42.0 | 3.3% |
| Branded Cities Network | 2017 | Shamrock Capital | Communications / Media | 40.1 | 3.2% |
| Monroe Engineering | 2021 | AEA Investors | Industrials | 38.3 | 3.0% |
| Business Services Company* | 2017 | Not Disclosed | Business Services | 37.1 | 2.9% |
| True Potential | 2022 | Cinven | Financial Services | 35.8 | 2.8% |
| Kroll | 2020 | Further Global / Stone Point | Financial Services | 31.4 | 2.5% |
| Constellation Automotive | 2019 | TDR Capital | Business Services | 30.9 | 2.4% |
| Marquee Brands | 2014 | Neuberger Berman | Consumer | 30.8 | 2.4% |
| Staples | 2017 | Sycamore Partners | Business Services | 30.7 | 2.4% |
| GFL (NYSE: GFL) | 2018 | BC Partners | Business Services | 30.5 | 2.4% |
| Fortna | 2017 | THL | Industrials | 28.7 | 2.3% |
| Viant | 2018 | JLL Partners | Healthcare | 27.2 | 2.1% |
| Stubhub | 2020 | Neuberger Berman | Consumer | 26.6 | 2.1% |
| Engineering | 2020 | NB Renaissance / Bain Capital | Technology / IT | 25.8 | 2.0% |
| FDH Aero | 2024 | Audax Group | Industrials | 25.3 | 2.0% |
| Agiliti | 2019 | THL | Healthcare | 25.3 | 2.0% |
| Benecon | 2024 | TA Associates | Healthcare | 25.2 | 2.0% |
| Solace Systems | 2016 | Bridge Growth Partners | Technology / IT | 24.4 | 1.9% |
| Addison Group | 2021 | Trilantic Capital Partners | Business Services | 23.8 | 1.9% |
| USI | 2017 | KKR | Financial Services | 23.2 | 1.8% |
| Auctane | 2021 | Thoma Bravo | Technology / IT | 22.5 | 1.8% |
| Excelitas | 2022 | AEA Investors | Industrials | 21.9 | 1.7% |
| Qpark | 2017 | KKR | Transportation | 21.5 | 1.7% |
| AutoStore (OB.AUTO) | 2019 | THL | Industrials | 21.3 | 1.7% |
| Exact | 2019 | KKR | Technology / IT | 20.1 | 1.6% |
| Renaissance Learning | 2018 | Francisco Partners | Technology / IT | 19.4 | 1.5% |
| Bylight | 2017 | Sagewind Partners | Technology / IT | 18.7 | 1.5% |
| Total Top 30 Investments | $938.5 | 73.8% |
*Undisclosed company due to confidentiality provisions.
| Geography | % of Portfolio |
| North America | 76% |
| Europe | 23% |
| Asia / Rest of World | 1% |
| Total Portfolio | 100% |
| Industry | % of Portfolio |
| Tech, Media & Telecom | 23% |
| Consumer / E-commerce | 20% |
| Industrials / Industrial Technology | 17% |
| Financial Services | 14% |
| Business Services | 12% |
| Healthcare | 9% |
| Other | 4% |
| Energy | 1% |
| Total Portfolio | 100% |
| Vintage Year | % of Portfolio |
| 2016 & Earlier | 11% |
| 2017 | 19% |
| 2018 | 16% |
| 2019 | 14% |
| 2020 | 12% |
| 2021 | 16% |
| 2022 | 5% |
| 2023 | 2% |
| 2024 | 5% |
| Total Portfolio | 100% |
About NB Private Equity Partners Limited
NBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.
LEI number: 213800UJH93NH8IOFQ77
About Neuberger Berman
Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $481 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman’s investment philosophy is founded on active management, fundamental research and engaged ownership. The PRI identified the firm as part of the Leader’s Group, a designation awarded to fewer than 1% of investment firms for excellence in environmental, social and governance practices. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last ten years (firms with more than 1,000 employees). Visit http://www.nb.com for more information. Data as of June 30, 2024.
1Based on net asset value.
This press release appears as a matter of record only and does not constitute an offer to sell or a solicitation of an offer to purchase any security.
NBPE is established as a closed-end investment company domiciled in Guernsey. NBPE has received the necessary consent of the Guernsey Financial Services Commission. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. This document is not intended to constitute legal, tax or accounting advice or investment recommendations. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of NBPE’s investment manager. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Additionally, this document contains “forward-looking statements.” Actual events or results or the actual performance of NBPE may differ materially from those reflected or contemplated in such targets or forward-looking statements.
Attachment
Source: GlobeNewswire (MIL-OSI)
Ageas announces that it has entered into exclusive negotiations with Saga plc, the UK specialist provider of products and services to people aged over 50, to establish a 20-year partnership with Saga Services Limited (SSL) for the distribution of personal lines Motor and Home insurance products to Saga’s customers. Alongside this, Ageas would also acquire Saga’s Insurance Underwriting business, AICL (Acromas Insurance Company Limited), which together form the Proposed Transaction.
The Proposed Transaction aligns perfectly with Ageas’s recently unveiled Elevate27 strategy, to capitalise on its robust Non-Life presence across Europe, while accelerating solutions targeted at an ageing population, a rapidly expanding customer segment where the Group and Ageas UK already has real strength and expertise. Furthermore, it presents Ageas with the opportunity to enhance its position as a leading personal lines insurer in the UK, adding scale to a core European market of the Group. By combining Saga’s insights with Ageas UK’s personal lines insurance expertise particularly in this customer segment, the partnership offers a unique competitive advantage in the expanding over 50s market.
Under the Proposed Transaction, Ageas UK, a subsidiary of Ageas, would enter into a 20-year Affinity Partnership with SSL, Saga’s Insurance Broking business, which distributed in excess of GBP 479 million in Gross Written Premiums (GWP) in the 12-month period ended 31 July 2024 across its motor and home insurance products. The Proposed Transaction represents a total cash payment of GBP 147.5 million, subject to customary completion adjustments, with a potential additional contingent consideration of up to GBP 60 million, subject to meeting agreed policy volumes and profitability targets. Completion of the AICL transaction remains conditional on the signing of definitive transaction documentation and regulatory approvals. As of January 2024, AICL’s Own Funds (Unrestricted Tier1) and Solvency Capital Requirement stand at GBP 83 million and GBP 54 million, respectively.
Based on the initial consideration and including capital synergies, the estimated impact on the Ageas Group Solvency is – 5%.
The Proposed Transaction will not affect the Group’s current share buyback programme.
Background on Saga
Saga, created over 70 years ago, is a specialist in the provision of products and services for people over 50. The Saga brand is one of the most recognised and trusted in the UK. Saga is known for its high level of customer service and its high-quality, award-winning products and services including cruises and travel, insurance, personal finance and media. (http://www.saga.co.uk)
Hans De Cuyper, CEO of Ageas said: “We eagerly anticipate further strengthening our partnership with Saga, a well-known brand in the UK. This proposed deal aligns seamlessly with the Ageas Group recently launched Elevate27 strategy, which aims to leverage our strong European presence in Non-Life, add scale to our business, and benefit from material capital diversification. This transaction allows us to grow in a market where we already have real strength and expertise. Ageas has a longstanding tradition of successful partnerships, and we are confident that this collaboration with Saga will open new avenues for creating and accelerating profitable growth.”
Ant Middle, CEO of Ageas UK said: “This proposed deal with Saga aligns perfectly with our strategy to profitably grow in UK personal lines and in creating powerful partnerships to the benefit of our customers. Deepening our relationship with Saga unlocks even more opportunity to increase our competitiveness in a rapidly expanding over 50s customer segment; an area where we already have real strength and expertise. It also draws on our strengths of technical and operational excellence, and customer care, providing more potential for us to leverage the significant investments made in our business over the last three years and offer our expertise in meeting the unique needs of Saga’s customers.”
Mike Hazell, CEO of Saga plc said: “We are hugely excited at the opportunity to grow our home and motor Insurance business through this proposed partnership with Ageas. The coming together of Saga’s fantastic brand and Ageas’s unrivalled expertise in operating successful affinity insurance partnerships, would create a winning combination. Our joint reputation for delivering exceptional products and services to people over 50 means this partnership would allow us to serve even more customers with great products at excellent value. Saga is a unique business with a long heritage, great people and loyal customers. We have been clear for some time that developing a partnership approach is the right strategy, providing us with a capital-light route to growth and the ability to reduce debt, leading to the creation of long-term sustainable value for all our stakeholders.”
Whilst Ageas and Saga are in exclusive negotiations, the Proposed Transaction remains subject to the parties agreeing binding documentation as well as regulatory approvals, and therefore there is currently no certainty that it will occur. A further announcement will be made in due course, as appropriate.
Proposed terms
Affinity Partnership
Ageas acquisition of AICL
Ageas is a listed international insurance Group with a heritage spanning almost 200 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow, and is also engaged in reinsurance activities. As one of Europe’s larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Portugal, Türkiye, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long-term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of about 44,000 people and reported annual inflows of more than EUR 17 billion in 2023.
Attachment
Source: New Zealand Government
The annual East Asia Summit (EAS) held in Laos this week underscored the critical role that the Association of Southeast Asian Nations (ASEAN) plays in ensuring a peaceful, stable and prosperous Indo-Pacific, Prime Minister Christopher Luxon says.
“My first participation in an EAS has been a valuable opportunity to engage with leaders on complex issues facing our region, from geopolitical tensions to expanding trade. In my statement, I emphasised the importance of regional security to our collective economic prosperity,” Mr Luxon says.
Mr Luxon confirmed New Zealand will hold an ASEAN-New Zealand Commemorative Leaders’ Summit in Malaysia in November 2025.
“This will be a fitting way to mark 50 years of New Zealand-ASEAN dialogue relations next year,” Mr Luxon says.
“My Government is lifting the energy New Zealand brings to our relationships across Southeast Asia and we continue to deepen our ties with ASEAN. This includes work to upgrade to a New Zealand-ASEAN Comprehensive Strategic Partnership.”
Mr Luxon held bilateral talks with the leaders of Cambodia, India, the Philippines, Viet Nam and Thailand. He also delivered a speech to the ASEAN Business and Investment Summit.
“I had a lengthy and warm bilateral with Prime Minister Modi, who invited me to visit India in the new year. We discussed the many connections between India and New Zealand, how we could grow the relationship further, and the contribution the 300,000 India diaspora make to New Zealand both culturally and economically.
“I also sat with Prime Minister Modi at the Leaders’ Gala dinner where we continued our conversation. We will look at finding a mutually agreeable time to visit India early in 2025.”
Prime Minister Luxon also met with the Prime Ministers of Canada and Australia in Laos. Prime Ministers Trudeau, Albanese and Luxon traversed common interests such as their work together on the troubling situation in the Middle East, CPTPP, and the Commonwealth.
Mr Luxon arrives back in New Zealand on Saturday.
Source: GlobeNewswire (MIL-OSI)
Sampo plc, stock exchange release, 11 October 2024 at 8:30 am EEST
Sampo plc’s share buybacks 10 October 2024
On 10 October 2024, Sampo plc (business code 0142213-3, LEI 743700UF3RL386WIDA22) has acquired its own A shares (ISIN code FI4000552500) as follows:
| Sampo plc’s share buybacks | Aggregated daily volume (in number of shares) | Daily weighted average price of the purchased shares* | Market (MIC Code) |
| 4,228 | 40.86 | AQEU | |
| 36,970 | 40.85 | CEUX | |
| 919 | 40.87 | TQEX | |
| 50,217 | 40.85 | XHEL | |
| TOTAL | 92,334 | 40.85 |
*rounded to two decimals
On 17 June 2024, Sampo announced a share buyback programme of up to a maximum of EUR 400 million in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052. On 16 September 2024, the Board of Directors of Sampo plc resolved to increase the share buyback programme to EUR 475 million. The programme, which started on 18 June 2024, is based on the authorisation granted by Sampo’s Annual General Meeting on 25 April 2024.
After the disclosed transactions, the company owns in total 8,408,617 Sampo A shares representing 1.53 per cent of the total number of shares in Sampo plc, taking the issuance of shares on 16 September 2024 into account.
Details of each transaction are included as an appendix of this announcement.
On behalf of Sampo plc,
Morgan Stanley
For further information, please contact:
Sami Taipalus
Head of Investor Relations
tel. +358 10 516 0030
Distribution:
Nasdaq Helsinki
Nasdaq Stockholm
Nasdaq Copenhagen
London Stock Exchange
The principal media
FIN-FSA
DEN-FSA
http://www.sampo.com
Attachment
Source: GlobeNewswire (MIL-OSI)
Tryg’s Supervisory Board has today approved the Q3 and Q1-Q3 2024 interim report.
Tryg reported an insurance service result of DKK 2,130m (DKK 1,513m) and a combined ratio of 78.2% (83.8%) in Q3 2024. The insurance service result was supported by significantly lower weather and large claims compared to the corresponding period in 2023. The underlying claims ratio for the Group improved by 30 basis points driven by continued profitability initiatives. The underlying claims ratio for the Private segment deteriorated by 20 basis points while it deteriorated 40 basis points in Q2 2024. Tryg reported a top-line growth of 3.9% (4.4%) in Q3 2024. The top-line development was mainly driven by price adjustments across all segments to offset inflationary pressure, whilst there was a continued and expected drop in the Corporate business following higher churn in the first part of the year and in line with Tryg’s re-balancing strategy. Synergies from the RSA Scandinavia acquisition were DKK 58m in the quarter reaching DKK 864m accumulated. The investment result was DKK 444m (DKK 265m) driven by positive returns across all asset classes. Pre-tax profit was DKK 2,134m (DKK 1,225m) and profit after tax was DKK 1,611m. Quarterly dividend of DKK 1.95 (DKK 1.85) per share increased by more than 5%, and a solvency ratio of 202% supportive of future shareholders’ remuneration.
Financial highlights Q3 2024
Financial highlights Q1-Q3 2024
Customer highlights Q3 2024
Statement by Group CEO Johan Kirstein Brammer:
We have delivered a solid insurance service result in the third quarter, once again highlighting our strength as a full-scale insurance operator in Denmark, Norway and Sweden. Today’s results are the last before we present our new strategy, and the numbers underpin our expectation of achieving our financial goals for the strategy period. These goals include an insurance service result of between DKK 7.2 and 7.6 billion and a combined ratio at or below 82% by the end of 2024,” says Johan Kirstein Brammer, CEO of Tryg.
Conference call
Tryg hosts a conference call today at 10:00 CET. CEO Johan Kirstein Brammer, CFO Allan Kragh Thaysen, CTO Mikael Kärrsten and Head of IR, SVP Gianandrea Roberti will present the results in brief followed by Q&As.
The conference call will be held in English. An on-demand version will be available shortly after the conference call has ended.
Conference call details:
Danish participants: +45 78 76 84 90
UK participants: +44 203 769 6819
US participants: +1 646 787 0157
PIN: 560768
The interim report material can be downloaded on http://www.tryg.com/downloads-2024 shortly after the time of release.
Contact information:
Visit tryg.com for more information.
Attachment
Source: Australian Human Rights Commission
The National Children’s Commissioner, Anne Hollonds, and the Aboriginal and Torres Strait Islander Social Commissioner, Katie Kiss, have urged the Northern Territory Government to reverse its plan next week to introduce a new law to lower the age of criminal responsibility from 12 to ten years.
The Commissioners have again warned that a ‘tough on crime’ approach will in fact contribute to an increase in criminal activity, rather than address the root issues of offending by children by focusing on education, healthcare and family support.
National Children’s Commissioner Anne Hollonds said: “We all want to live in safe communities, but this plan by the NT Government goes against what all the evidence has shown we need to do to achieve that. It is absolutely critical that they reconsider.
“The younger a child comes into contact with the criminal justice system, the more likely they will go on to commit more serious and violent crimes. Lowering the age of criminal responsibility to 10 years will not make communities safer, it will only see rates of child offending increase. These are primary school age children, and harsh, punitive responses are not the answer.
“The fact that this new law will be brought to the NT Parliament clearly shows its government has misunderstood the problem and solutions based on evidence. It also shows the other systems meant to help children with complex needs, and their families, such as health and education, have failed.
“I urge the NT government to read our landmark report tabled in the Australian Parliament last month, ‘Help Way Earlier!’ How Australia can transform child justice to improve safety and wellbeing. Our 24 recommendations offer a roadmap for reform that increases community safety and keeps our kids out of prison. Prevention and early intervention to address the drivers of offending by children is the only way we can achieve better outcomes for all.”
Social Justice Commissioner Katie Kiss said: “Lowering the age of criminal responsibility condemns First Nations children to a lifetime of abuse, deprivation and disadvantage. Our children are disproportionately affected by the failing ‘tough on crime’ approach, which only serves to perpetuate racial profiling and negative stereotyping.
“The NT’s proposed laws, which will combine reducing the age of criminal responsibility with the reintroduction of ‘nuisance’ public drinking measures, will have a significant impact on First Nations children in the child justice system and their families. It also undermines the NT Government’s commitments under the national Closing the Gap agreement.
“Instead of finding positive solutions, we are instead criminalising First Nations children, and children with disabilities, learning problems and mental health issues. The consequences for us all if this practice continues is dire.
“Recent tragedies and deaths in custody and the child protection system clearly show that current approaches are not working. Kids need care, love and support so they can shake off generational disadvantage, have hope for their futures and feel they are valued and belong.
“I hope the NT Government heeds our call, listens to the experts and puts the futures of our children front of mind. We stand ready to offer our support in any way.”
ENDS | Media contact: media@humanrights.gov.au or 0457 281 897
Source: China State Council Information Office 3
The Lao She Theater Festival, an annual cultural event in Beijing, celebrates renowned Chinese playwright and novelist Lao She (1899-1966).
Named after the famous writer, whose works explore social issues in modern China with wit and humanism, the festival features performances of Lao She’s plays and other contemporary theatrical works, with a highlight on the connection between theatrical productions and literary works.
On Sept 27, the eighth edition of the festival was announced at the Beijing Tianqiao Performing Arts Center. In the following three months, 35 theatrical productions will be staged in the capital with 90 performances divided into seven sections. The festival showcases a variety of theatrical performances not just by Lao She but also new plays by contemporary playwrights from China and beyond.
These productions explore themes relevant to modern audiences, including social issues, cultural identity and human nature, according to Yang Cheng, president of the Beijing Artists Management Corp, the festival organizer.
“Literature can evoke deep emotions through the reader’s imagination and connection to the written word, while theater amplifies this emotional impact by presenting stories live. The immediacy and presence of actors onstage allow audiences to feel the tension, humor or sorrow in real-time, making the emotional engagement more direct,” he says.
Last year, the festival commissioned director Fang Xu to adapt Lao She’s classic novel Rickshaw Boy into a play. Featuring an all-male cast, the play has been staged in over 20 shows across the country. On Sunday and Monday, it was staged again at the Beijing Tianqiao Performing Arts Center.
Fang says that while literature is often the product of a single author’s vision, theatrical productions are highly collaborative. The process of staging a play involves writers, directors, actors, set designers and more, contributing their skills to interpret the original text. This collaboration can lead to multiple layers of meaning beyond what is present in the original literary work.
This year, the festival announced its second commission for the event. Chinese director Zhang Xiao will adapt Chinese writer Du Liang’s popular novel Peking in Flames into a play, which will premiere on Dec 12 with shows running till Dec 15.
The novel is a historical drama set in Beijing (formerly Beiping) during the late stages of the War of Liberation (1946-49), specifically in 1948, just before the founding of the People’s Republic of China in 1949. The novel was turned into a hit TV drama in 2009 featuring actor Liu Peiqi playing the lead role of Wen San’er, who makes a living by pulling a rickshaw and is depicted as clever, street-smart and knows how to navigate the complex political landscape of Beiping.
“The novel focuses on the lives of various characters from different social classes caught up in the political and military struggles of the time. Du Liang is known for his detailed and immersive storytelling, bringing historical events to life with rich characterizations and dramatic tension,” says Zhang. “The writer uses the setting of Beiping to symbolize the broader transformation of Chinese society during this period. The character Wen San’er is vivid and, despite his petty, streetwise demeanor, possesses a trait that shines brightly. This trait carries a resilient vitality.”
On Dec 7 and 8, the festival will stage The Family by the Jiangsu Performing Arts Group adapted from Chinese writer Ba Jin’s novel of the same title. Depicting the oppressive effect of traditional feudal families upon younger generations, the novel is Ba Jin’s most famous and influential work, which has been adapted into different art forms.
Over the years, the Lao She Theater Festival has expanded to include collaborations with international theater groups, bringing diverse theatrical styles and influences to the event. This has helped position it as a platform for cross-cultural exchange.
The Armazem Theatre Company from Brazil will debut in Beijing by staging its production Posthumous Memoirs of Bras Cubas from Oct 31 to Nov 3. Adapted from the book by Brazil’s celebrated writer Machado de Assis, the production, directed by Paulo de Moraes, sold out when it was staged during the 10th edition of the Wuzhen Theater Festival — an annual theater event in the ancient water town of Wuzhen, Zhejiang province.
The Song of the Goat Theatre from Poland will return with its theatrical experiment Hamlet — A Commentary, featuring actors interpreting the characters, events and emotions through sounds. The text is given a melody and the dialogue is presented as musical harmonies. The words and music reflect the characters’ and family’s emotions. In 2019, the theater company staged its production Songs of Lear, an interpretation of Shakespeare’s tragedy King Lear, during the third edition of the Lao She Theater Festival.
Other highlights of the ongoing festival will include a new section for dance productions. Chinese filmmaker Lu Chuan will present the dance drama Tian Gong Kai Wu, or The Exploitation of the Works of Nature, inspired by the science classic of the same title by Song Yingxing, a scientist who lived in the late Ming (1368-1644) and early Qing (1644-1911) dynasties. First published in 1637, the book offers a summary of ancient China’s manufacturing and farming techniques, earning recognition as an encyclopedia of science and technology. The eponymous drama, coproduced by the Jiangxi Cultural Performance Group and the Beijing Dance Academy, revolves around Song’s quest, portraying his journey to gather the techniques and tools and emphasizing the craftsmanship of ancient Chinese laborers.
Since its launch in 2017, the festival has supported young theater lovers from various universities. Eighteen theatrical productions by students of Chinese universities will be staged during the festival, selected among 60 productions from 33 universities.
Source: China State Council Information Office 3
An exhibition on seal carving centered around Beijing’s Central Axis, which opened at the China Millennium Monument’s art museum in Beijing this July, is scheduled to go on a national tour.
The exhibition is guided by the Beijing Cultural Heritage Bureau and the Beijing Municipal Office for Conservation and Management of Beijing Central Axis, and hosted by Beijing Central Axis Protection Foundation and Beijing Gehua Cultural Development Group, along with more than 70 academic institutions and organizations.
With over 300 seal-carving works inspired by the Beijing Central Axis and its heritage components, the exhibition presented the traditional seal-carving craftsmanship, while showcasing the latest techniques and innovative forms.
The exhibition will begin its tour at the Beijing Yintai Center, before going to Beijing’s various districts, as well as other provinces including Hubei and Yunnan.
Along with the exhibition, two books on seal carving were published, including an exhibition catalog presenting around 260 exhibits, and a guide to the craft.
At the tour’s opening ceremony, the books’ publishing houses and the Beijing Central Axis Protection Foundation gifted the books to more than 20 museums and educational organizations in Beijing.
A total of 76 organizations and 82 individuals were awarded with honorary certificates for their contribution to the exhibition.
Source: China State Council Information Office 3
When 24-year-old Peter Onyango arrived in Chenjiagou village in Henan province, he encountered a 75-year-old woman who challenged him to push her with all his might.
Despite his hesitation, to his surprise the young man failed to move her. “People you see in Chenjiagou engage in exercises frequently, a sight I’ve never witnessed elsewhere. It truly inspired me to practice tai chi more,” he said.
Onyango, from Kenya, was one of 31 participants who recently took part in on-site instruction, seminars and interactive sessions in Chenjiagou, the birthplace of tai chi. He expressed gratitude for the immersive experience in Henan.
Organized by the Ministry of Commerce and hosted by Henan University of Technology, the program was designed to cater to developing countries such as Ethiopia, Burundi, Kenya and Sierra Leone from Aug 22 to Sept 11. It offered participants firsthand experience of tai chi’s captivating charm.
Chen Bing, president of Chenjiagou Tai Chi Boxing Association, said most participants are dedicated martial arts enthusiasts and could quickly and earnestly grasp the teachings.
“We are showcasing our culture to them. Tai chi is inclusive, emphasizing the balance between yin and yang, hardness and softness, inspiring individuals,” Chen said.
“Not only can they learn martial arts and tai chi movements, but I also hope they can get traditional Chinese culture and wisdom to enrich their training,” Chen added.
Iva Kufr, a 61-year-old from the Czech Republic, said it was a new and positive experience, especially since it was her first visit to Henan. “Even though I have been practicing tai chi for more than 25 years, I got innumerable new information from here,” she said.
She said that her visit to the Tai Chi Museum in Chenjiagou was an “unforgettable experience and permanent source of information” for her.
“And our master is very good, he knows what is important for our improvement. He is a great inspiration for me as a teacher, and I am sure I will follow some of his teaching methods and communication in my future teaching life,” she added.
Liu Kefei, dean of the School of Education and Training of Henan University of Technology, highlighted Henan’s abundant cultural heritage. After returning to their own countries, many participants like to focus on establishing wushu associations and clubs to promote and spread traditional Chinese martial arts culture.
Also as director of the Henan Foreign Aid Training Center, Liu said that the center has successfully conducted 58 sessions for traditional martial arts culture-themed training. Approximately 1,700 sports officials, athletes and coaches from foreign countries have immersed themselves in and experienced traditional Chinese culture.
“We have also forged enduring friendships with individuals worldwide, expanding the circle of friends in the countries involved in the Belt and Road Initiative,” Liu added.
Source: China State Council Information Office 3
Art lovers in China may not be aware of this, but a museum in Paris houses an important collection of Asian and Chinese art. The ongoing exhibition The Journey of Ink: Modern and Contemporary Chinese Paintings From the Musee Cernuschi showing at the Bund One Art Museum in Shanghai marks the first time a selection of masterpieces from the Paris museum is on display in China.
Running until Jan 5, the exhibition features 89 paintings from the collection of the Musee Cernuschi, including works by familiar masters such as Zhang Daqian, Lin Fengmian, Qi Baishi and Sanyu.
The Musee Cernuschi’s collection of modern and contemporary Chinese art has been displayed for more than 70 years, says Eric Lefebvre, director and general curator of the French museum. This year marks the 60th anniversary of diplomatic ties between China and France, “so we think it is a great opportunity to share the ink paintings with audiences in Shanghai”, he told media at the opening ceremony.
“We have selected artworks spanning almost a century to showcase how Chinese ink art innovated and developed throughout this period.”
The exhibition ranges from paintings made at the beginning of the 20th century to the creations of living artists in the final chapter.
“We search for a link with the past in the paintings,” says Mael Bellec, head of the Chinese and Korean collections at the Musee Cernuschi.
In the curatorial process, Lefebvre and Bellec discovered a narrative thread connecting the works and chose ink painting as the main theme. “Because ink is native to Chinese characteristics, viewing it conjures the feeling of its history,” Bellec says.
Many Chinese artists stayed in Paris and “while they were there, they did new things with what they learned … When two cultures meet, there is a blending that happens almost immediately and brings forth new ideas”, Bellec tells China Daily.
“In France, people tend to forget that these artists were there and are part of our history,” he says. “Except for a few artists such as Pan Yuliang, whose biographic movie was made starring famous actress Gong Li, it’s not so easy to recognize and acknowledge them as part of our history, too,” he adds.
For French visitors to the Cernuschi Museum in Paris, Bellec says: “Studying the art from a faraway country helps you to get out of your own culture and broaden your view of the world and its aesthetics, which is very different from your own.”
Visitors to the exhibition in Shanghai will find landscape paintings, flowers and birds, and hand scrolls traditionally mounted in the first showroom.
“Then, one chapter after another, they will observe the evolution of ink paintings, from the forms to the techniques,” Lefebvre says.
To give audiences a full evolutionary experience, Lefebvre and Bellec also selected a series of videos from the institution’s archives, dating as early as the 1930s, that document the painting process of some artists.
“From these videos, we can learn about the techniques of Zhang Daqian and see how artist Walasse Ting created the popular action painting style of the United States, reflecting the integration of Chinese and Western art,” Lefebvre says.
A significant part of the exhibit joins the museum collection from the 1950s when the Musee Cernuschi received an important donation of paintings from Guo Youshou, a Chinese diplomat who later worked for UNESCO.
An important collector and promoter of Chinese art, Guo facilitated the first series of exhibitions of Chinese art in France, Switzerland and Slovakia. From the 1950s to 60s, he helped to organize three exhibitions of Zhang Daqian in France, says Xie Dingwei, founding director of the Bund One Art Museum.
“In 1953, Guo donated 76 paintings to the Musee Cernuschi, including works by Xu Beihong, Lin Fengmian, Pu Ru and my father,” says Xie, the son of renowned Chinese artist Xie Zhiliu.
Guo’s donation played an important part in the Musee Cernuschi’s collection of modern Chinese art. Today, “we recognize him as a pioneer who made great contributions by introducing Chinese art to the world”, Xie says.
Source: United Nations secretary general
The Secretary-General met with H.E. Mr. Pham Minh Chinh, Prime Minister of the Socialist Republic of Viet Nam in Vientiane on the sidelines of the ASEAN-UN Summit.
The Secretary-General expressed appreciation for the strong cooperation between Viet Nam and the United Nations in the context of the ASEAN-UN Comprehensive Partnership as well as on the Sustainable Development Goal and Viet Nam’s leadership on climate action,
The Secretary-General expressed his deep appreciation for Viet Nam’s growing involvement in UN peacekeeping.
The Secretary-General and the Prime Minister also exchanged views on global issues as well as the outcomes of the Summit of the Future.
Source: United Nations secretary general
The Secretary-General met with H.E. Mr. Thongloun Sisoulith, President of Lao PDR in Vientiane on the sidelines of the ASEAN-UN summit.
The Secretary-General and the Prime Minister discussed the close cooperation between the United Nations and Lao PDR. The Secretary-General reiterated the support of the United Nations to Lao PDR, including on its path to sustainable development.
They also discussed the ASEAN-UN partnership, as well as the implementation of the Pact of the Future.
Vientiane, Lao People’s Democratic Republic
11 October 2024
Source: United Kingdom – Executive Government & Departments
The British Embassy in Bangkok will be hosing this year’s annual Remembrance Day Service at The British Club.
The annual Remembrance Day Service organised by the British Embassy in Bangkok will be held at The British Club commencing at 1050hrs on Sunday 10th November. The event will not only commemorate British, Commonwealth, and allied personnel, but all those who have been affected in all conflicts. It serves as a reminder that nations who fought so bitterly against each other can come together to promote peace and stability in the modern world.
Wreaths will be laid at the War Memorial by Ambassadors or their representatives, by War Veterans’ organisations and by representatives from associations and societies in Bangkok. Those attending the service are asked to gather from 1020hrs.
We would be grateful if you would reply via this link or through the QR code provided no later than 25 Oct 24 if you would like to attend. Applications for attendance will only be processed via this method and regrettably we cannot guarantee entry for anyone who has not completed this application form.
If you wish to lay a wreath, they are available from the British Embassy for a donation of 1500 THB each; requests for wreaths and details for payment are included in the attendance response form. All funds raised will go to the Royal British Legion Poppy Appeal. There will be an opportunity for personal wreaths to be laid following the service.
There will be no public parking on site. Travel by public transport is recommended. Public Address The British Club Bangkok, Silom Road Soi 18, Bangrak. Following the service, light refreshments will be served on the back lawn.
Please be aware that attendance may result in your image being captured during official event photography. Should you not wish your image to appear in any official photographs on government or other media outlets please inform the British Embassy in writing accordingly.
Source: United Kingdom – Executive Government & Departments
RPC statement about the late submission of the Employment Rights Bill impact assessment.
The Regulatory Policy Committee (RPC) produces opinions of impact assessments (IAs) and Options Assessments (OAs) to help departments ensure that the evidence and analysis in them is sufficiently robust. We provide an independent opinion to assist ministerial decision making and parliamentary scrutiny of regulatory proposals. We publish these to assist parliamentarians and to ensure that they are available to external stakeholders. Government departments are expected to submit IAs to the RPC in time for the RPC to issue an opinion before the relevant legislation is laid before Parliament.
As part of the King’s Speech, the Government made clear its intention to introduce an Employment Rights Bill. Since this was a manifesto commitment, the Better Regulation Framework urgent measures process allows the department (the Department for Business and Trade) to submit an IA for the proposal, rather than an OA as normally required.
The Employment Rights Bill was introduced to Parliament yesterday (10th October 2024). An IA has yet to be submitted to the RPC for scrutiny.
The RPC will, on receipt of the IA, produce its opinion as soon as possible. Our opinion will be made available to the Government and Parliament and published on our website as soon as it is complete, when we will update this statement.
Source: China State Council Information Office 2
Beijing has launched new supporting measures on strengthening service guarantees for its elderly citizens aged 80 and above, said the municipal civil affairs bureau.
The latest 20 measures involve strengthening demand surveys and basic guarantees, optimizing service facilities, expanding inclusive services, improving the supply of medical services, as well as making the relevant services more professional, standardized and smarter.
The measures are primarily targeted at the city’s elderly individuals aged 80 and above, including those who are physically or cognitively impaired, said Guo Hanqiao, deputy head of the civil affairs bureau.
Statistics show that there are currently 698,000 citizens aged 80 or above in Beijing, among which 163,600 have lost the ability to take care of themselves, according to Guo.
MILES AXLE Translation. Region: Russian Federation –
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
The Presidium of the Government Commission on Regional Development, chaired by Deputy Prime Minister Marat Khusnullin, approved a project to modernize public utilities infrastructure using a preferential loan from the National Welfare Fund in Kursk Oblast.
“Despite the difficult conditions, Kursk Region continues to develop, including work on modernizing the communal infrastructure in the region. Now a project has been approved, according to which a sewage pumping station with pressure-gravity collectors will be built in Kursk for an actively developing residential area. The existing pumping station cannot cope with the increasing load, and the construction of a new one will solve this problem. The implementation of the project will improve the quality of utilities for 9 thousand people. It will also be possible to connect new subscribers in residential buildings with an area of about 72 thousand square meters and eliminate possible environmental risks,” said Marat Khusnullin.
The capacity of the new sewage pumping station in Kursk will be 520 cubic meters per hour. The project also includes the installation of pressure and gravity collectors with a total length of 5.6 km.
The total cost of the project is 219.9 million rubles, including the loan from the National Welfare Fund – 119 million rubles. It should be implemented by July 2026.
“The program for modernizing public utilities infrastructure using preferential loans from the National Welfare Fund, implemented in the regions since 2022, is part of the Government’s socio-economic initiative “Infrastructure Menu”. Earlier, under this program, 2.8 km of sewerage networks were reconstructed in Kursk, as well as about 3 km of heat and hot water supply networks. This improved the quality of life of 29.6 thousand city residents,” said Ilshat Shagiakhmetov, General Director of the Territorial Development Fund.
In total, to date, the Presidium of the Government Commission for Regional Development has approved 239 housing and utilities modernization projects using funds from the National Welfare Fund in 76 regions. The operator of the program is the Territorial Development Fund.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.
Source: GlobeNewswire (MIL-OSI)
VICTORIA, Seychelles, Oct. 11, 2024 (GLOBE NEWSWIRE) — Bitget Wallet, a leading non-custodial Web3 wallet, has integrated Tonstakers, the top staking protocol by Total Value Locked (TVL) in the TON ecosystem. This new feature lets users stake their TON tokens easily, with just a tap on the mobile app. Users can earn additional rewards from the ecosystem, with an annual return estimated between 3% and 5.5%.
Beyond TON tokens, Bitget Wallet supports a wide range of staking services, including ETH, popular stablecoins such as USDT, USDC, and DAI, as well as Bitget Wallet’s ecosystem token, BWB. Users can also participate in other re-staking assets, utilizing strategies designed to boost yields. These options provide more ways for token holders to grow their returns. With the intuitive “DeFi” tab on the wallet app’s homepage, users can visualize and manage their staking activities in real-time, tracking daily earnings and unstaking whenever they wish. By offering flexible strategies that accommodate different risk profiles, the wallet helps users find the right balance between maximizing safety and earning potential. This streamlined design makes staking easy and increases both liquidity and overall returns for participants.
As one of the first Web3 wallets to fully support the TON/Telegram ecosystem, Bitget Wallet employs MPC (Multi-Party Computation) technology, which removes the need for private keys. Users can create and manage their wallets through various login options, including Telegram. With this innovative keyless solution for the TON mainnet, Bitget Wallet enables users to securely create TON wallets without the hassle of traditional private keys. Additionally, Bitget Wallet has developed a Telegram trading bot that offers a one-stop service, including multi-chain trading, a zero gas fee experience for TON DApps, and popular project airdrops. It has also introduced OmniConnect, a software development kit (SDK) that enables Telegram mini-apps to effortlessly link to more than 500 blockchains, simplifying interactions like signing and transactions within DApps.
This deep connection to the TON ecosystem has led to a significant surge in both user growth and wallet activity. In Q3 2024 alone, the number of TON addresses on Bitget Wallet saw a staggering increase of 4886%. According to research, Bitget Wallet is the most popular wallet in the TON ecosystem, with 68% of users favoring this mobile platform over browser-based solutions. Bitget Wallet’s success is also reflected in the project it supports – Tonmarket, a TON ecosystem app, has amassed over 30 million users in less than three months, quickly becoming a dominant player in the sector.
Bitget Wallet’s collaboration with the TON ecosystem is fueled by a vision of a decentralized future where financial tools are accessible to everyone. As the TON ecosystem evolves, the emphasis will move from basic staking and tap-to-earn models to more advanced applications in finance, gaming, and social interaction, aiming to provide users with lasting, sustainable value beyond short-term incentives. Alvin Kan, COO of Bitget Wallet, remarked, “Our integration with Tonstakers is just the beginning. The future growth of the TON ecosystem will stem from innovative applications that foster meaningful engagement. We’re excited to contribute to a future where decentralized finance meets real-world needs.“
About Bitget Wallet
Bitget Wallet stands as one of the world’s leading non-custodial Web3 wallets and decentralized ecosystem platform. With the Bitget Onchain Layer, the wallet is well-poised to develop a burgeoning DeFi ecosystem through co-creation and strategic incubation. Aside from a powerful Swap function, Bitget Wallet also offers multi-chain asset management, smart money insights, a native Launchpad, Inscriptions Center, and an Earning Center. Supporting over 100 major blockchains, 500,000+ tokens, and a wide array of DApps, Bitget Wallet is your top wallet for asset discovery and Web3 exploration.
For more information, visit: Website | Twitter | Telegram | Discord
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0b1f59be-7ca1-4542-8250-d7d4760d814c
Source: Reserve Bank of India
Ajit Prasad Press Release: 2024-2025/1270 |
MILES AXLE Translation. Region: Russian Federation –
Source: Moscow Government – Government of Moscow –
In the first year of operation, the largest in Russia Archival complex in TiNAO accepted about 20 million cases for storage. This was reported by Anastasia Rakova, Deputy Mayor of Moscow for Social Development.
“We have created an innovative document storage system based on the Main Archives of Moscow that combines accessibility, efficiency and security. A year ago, a unique complex with an area of about 70 thousand square meters and a capacity of up to 100 million storage units was launched in the capital. It has become the largest state robotic archive in Russia. In the first year of its operation alone, the complex accepted about 20 million cases for storage. In addition, we plan to implement artificial intelligence systems and computer vision technologies that will ensure accurate and fast document monitoring and increase the speed of entering new data. Such an innovative approach emphasizes the technological maturity of the complex and its ability to manage archival data on a large scale,” noted Anastasia Rakova.
The new complex should fully meet the city’s need for storing documents from healthcare, social protection and educational institutions. Specialists work on moving data on a daily basis. Robotic manipulators help with their processing; they recognize text, automatically identify and extract key information, and create a personalized search system. In just one year, they have performed more than 30 million operations. Together withDepartment of Information Technology It is planned to implement special software for these tasks.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.
Source: GlobeNewswire (MIL-OSI)
For 2024, Jyske Bank expects a net profit of DKK 5.0bn-5.3bn, corresponding to earnings per share of DKK 75-80. Previously, guidance was for a net profit in the upper half of DKK 4.3bn-5.1bn and earnings per share in the upper half of DKK 64-76.
Net profit amounted to slightly above DKK 1.4bn in the third quarter and slightly above DKK 4.0bn for Q1-Q3 2024. The upgrade follows favourable financial markets amid declining market rates that led to significant value adjustments in the third quarter. The credit quality remained solid and loan impairment charges amounted to an income in the quarter.
Jyske Bank’s Interim Financial Report for the first nine months of 2024 is expected to be published on 29 October 2024.
Yours faithfully,
Jyske Bank
Contact: Birger Krøgh Nielsen, CFO, tel. +45 89 89 64 44
Attachment
MILES AXLE Translation. Region: Russian Federation –
Source: Moscow Government – Government of Moscow –
The sports and leisure center “Favorit” received new premises from the city in the Kryukovo district. This will allow opening additional creative studios and sections for local residents. This was reported by the Minister of the Moscow Government, the head of the capital’s Department of City Property Maxim Gaman.
“One of the divisions of the sports and leisure center “Favorit” occupied a 32.5 square meter space on Zavodskaya Street in a building that was included in the renovation program and will be dismantled. In exchange, the city selected and transferred to the organization a new property in building 1512 of the Kryukovo district with an area of 282.4 square meters. Thanks to this, even more residents of Zelenograd Administrative Okrug will be able to attend sections and studios based on their interests,” said Maxim Gaman.
The city supports district socially oriented organizations by providing them with comfortable premises. Building 1512 will be conveniently accessible to residents of all microdistricts of Kryukov, as well as the private sector and the cottage village of Malino.
The new site plans to recruit groups for dance, applied arts, choreography, foreign languages, drawing, board games and other areas.
Currently, the organization occupies 14 premises with an area of over 1.7 thousand square meters. About 1.3 thousand residents of Zelenograd Administrative Okrug of different ages attend classes at the sports and leisure center.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.
MILES AXLE Translation. Region: Russian Federation –
Source: Moscow Government – Government of Moscow –
IN Moscow budget project more than 689 billion rubles are allocated for providing social support measures to Moscow residents in 2025. Sergei Sobyanin reported this in on your telegram channel. Among them are pension supplements, benefits for travel on public transport, for payment of housing and communal services, as well as provision of medicines.
“Development of the social support system is our most important task. We will introduce more flexible and effective tools, improve the quality of service through digital transformation and simplify the procedure for receiving services,” the Moscow Mayor wrote.
Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin
From January 1, 2025, the amounts of benefits and payments to senior citizens, families with children and people with disabilities will be indexed by 5.5 percent.
The draft budget provides 92.8 billion rubles for cash payments to families with children, 202.4 billion rubles for the older generation, of which 177.7 billion rubles are for additional payments to pensions for non-working pensioners.
The minimum pension with the city supplement will increase to 25,850 rubles per month. About two million Moscow pensioners receive the city supplement.
More than 186 billion rubles will be allocated to improve the quality of passenger service and provide free and discounted travel for certain categories of citizens on public transport in Moscow and the Moscow region, as well as suburban rail transport. All passengers have access to free transfers between metro stations and Moscow Central Diameters (MCD).
The city plans to allocate about 62 billion rubles in 2025 to provide Muscovites with free or discounted medicines, medical products and specialized therapeutic nutrition. City residents suffering from oncological, cardiovascular, rare and life-threatening (orphan) diseases, diabetes, bronchial asthma and other ailments will be provided with the most modern and effective medicines in full.
It is planned to allocate 32.6 billion rubles to finance benefits for payment of housing and communal services (HCS) for certain categories of citizens in 2025, and 22.4 billion rubles to pay subsidies for payment of HCS for families with a low income. About 3.6 million Muscovites use social support measures for payment of HCS.
In 2025, the capital will continue to implement a project popular among residents of the Moscow Longevity project. A unique network of 134 has been created in the city Moscow longevity centers — city club spaces for communication and self-realization of older Muscovites. It is planned to complete its formation so that Moscow longevity centers appear in each district, including the actively developing territories of TiNAO. 3.9 billion rubles are allocated for the implementation of the project in 2025.
The development of the social support system for Muscovites will continue. To this end, the city will introduce more flexible and effective tools, improve the quality of service through digital transformation, and simplify the procedure for receiving social services.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.
MILES AXLE Translation. Region: Russian Federation –
Source: Moscow Government – Government of Moscow –
Over two million guests from Russian regions visited Moscow cafes and restaurants in the first half of 2024. Most often, these were residents of St. Petersburg, Krasnodar Krai and Tyumen Oblast, reported Natalia Sergunina, Deputy Mayor of Moscow.
“There are more than 22 thousand establishments in the capital – these are fine dining restaurants, coffee shops, bakeries, family cafes. Many of them use farm products, the menu offers both signature versions of traditional treats and modern dishes,” said Natalia Sergunina.
Over the past few years, demand for domestic products in Moscow has grown significantly. Now their share in the total consumption in the capital makes up 84 percent. Vegetables, cheeses, meat and fish are brought from more than 80 regions of the country.
Festivals, in particular “Tastes of Russia” and “Moscow — on the Wave. Fish Week”, as well as the projects “Moscow Breakfast” and “Moscow Tea Party”, introduce the variety of farm products and gastronomic concepts. The city is currently hosting festival “Golden Autumn”, where more than 150 large and small farms from all over the country presented their products.
During the recent large-scale forum-festival “Territory of the Future. Moscow 2030” a competition “Dessert of the Future” was held. It involved 30 cafes, bakeries, restaurants and hotels of the capital. Over three weeks, city residents and tourists tried 2.5 thousand portions of cakes, pastries and pastries. Among the treats were varenets with condensed milk, ice cream and lingonberries, chocolate millefeuille and sweet sushi. The results were announced in September, the winner was a team from a large hotel chain. According to its representative, festivals give chefs the opportunity to experiment with traditional and modern cooking techniques and also attract new guests.
Another iconic gastronomic project has united regional chefs at the forum-festival “Territory of the Future. Moscow 2030”. They prepared dishes worth up to 300 rubles from domestic products. You could try them on Manezhnaya Square. The main prize was contested by perepechi with farmer’s cheese and green onions, Far Eastern fisherman’s slice with crab salad, sugudai from nelma with baked potatoes, the dessert “Kalinnik” and other delicacies. The winner was mini-chebureki with crab and shrimp – visitors bought them most often.
Thanks to such events, interest in restaurants of regional and national cuisine is growing. For example, a representative of a Baikal and Buryat-Mongolian establishment noted that residents and tourists, who a couple of years ago cautiously ordered dishes with specific names, now come for them from all over the capital and even from other cities.
Moscow is becoming a Russian and international center of gastronomic tourism. If you had breakfast, lunch and dinner in different establishments of the city every day, it would take 20 years to visit them all. Many restaurants and cafes are also targeting visitors from specific countries, such as China or India. They undergo certification for compliance with the culinary traditions of the country, over time they become more famous and open new places.
Development of the tourism industry – resultcomprehensive support for the industry and close cooperation between the city and business. The volume of tourist and excursion consumption in the first half of 2024 amounted to 650 billion rubles, of which revenues to the capital’s budget are estimated at 89 billion rubles. Both figures are a third higher than in the record pre-pandemic year of 2019.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.
MILES AXLE Translation. Region: Russian Federation –
Source: Moscow Government – Government of Moscow –
The Moscow Committee for Architecture and Urban Development has amended the land use and development rules for the construction of a school in the Akademichesky District. This was reported by the Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.
“The school will be designed for a thousand places. It is planned to be built at the address: Shvernika Street, Building 17, Building 2 as part of the city’s Address Investment Program. The maximum area of the educational institution will be 30 thousand square meters,” said Vladimir Efimov.
As specified Juliana Knyazhevskaya, Chairman of the Moscow Committee for Architecture, the area of the land plot for the new educational institution will be 2.29 hectares. It will house the school building itself, sports and playgrounds, and recreation areas.
In recent years, the city has built seven schools with a capacity of one thousand or more students.
“All new educational facilities are located in areas that have received an impetus for development. Three of them are in the Nekrasovka district, one each in Obruchevsky, Levoberezhny and Molzhaninovsky, and another one is on the territory of the former ZIL industrial zone in the Danilovsky district. The building in Akademichesky will become a new school built at the expense of the city,” noted the head of the capital’s Department of Civil Construction.
Earlier, Sergei Sobyanin spoke about construction of social infrastructure in the capital.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.