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Category: KB

  • MIL-OSI: Norwood Financial Corp Announces Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    HONESDALE, Pa., Oct. 08, 2024 (GLOBE NEWSWIRE) —

    James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market – NWFL) and its subsidiary Wayne Bank, announced that the Board of Directors has declared a $0.30 per share cash dividend, which is payable November 1, 2024, to shareholders of record as of October 18, 2024. The $0.30 per share equals the per share dividend declared in the second quarter of 2024 and represents a 3.5% increase over the cash dividend declared in the third quarter of 2023.

    Mr. Donnelly commented, “The Board is extremely pleased to provide our shareholders with this quarterly dividend. It reflects the Company’s financial strength and strong capital position which has contributed to our solid performance.”

    Norwood Financial Corp, through its subsidiary, Wayne Bank operates fifteen offices in Northeastern Pennsylvania and fourteen offices in Delaware, Sullivan, Ontario, Otsego and Yates Counties, New York. As of June 30, 2024, Norwood had total assets of $2.235 billion, loans outstanding of $1.641 billion, total deposits of $1.811 billion and total capital of $182.2 million. The Company’s stock is traded on the Nasdaq Global Market under the symbol “NWFL”.

    Forward-Looking Statements.

    Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time. The Company does not undertake and specifically disclaims any obligation to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.

       
    CONTACT: John M. McCaffery
      Executive Vice President and Chief Financial Officer
      NORWOOD FINANCIAL CORP
      (272) 304-3003
      http://www.waynebank.com
       

    The MIL Network –

  • MIL-OSI Submissions: Business – Moody’s Wins Top Ranking in ChartisRiskTech100 for Third Consecutive Year

    Source: Moody’s Corporation Investor Relations

    NEW YORK – Moody’s Corporation (NYSE:MCO) has been awarded the number-one overall ranking in the Chartis RiskTech100® 2025 report, marking Moody’s third consecutive year in the top position.

    The Chartis RiskTech100 is the most comprehensive study of the world’s leading providers of risk and compliance technology. The top ranking recognizes Moody’s unmatched ability to provide its customers with a holistic view of their risks through research, data, and analytics.

    “Winning the top award from Chartis for a third year in a row is a strong testament to how Moody’s stays on the cutting edge of developments in risk management technology,” said Rob Fauber, President and Chief Executive Officer of Moody’s. “We seek to constantly innovate across our suite of products and solutions and put new technologies and insights into the hands of our customers as quickly as possible.”

    In addition to earning the highest overall position, Moody’s won in 12 individual categories:

    Market Presence (new)
    Strategy
    Functionality
    Banking
    Insurance
    Climate Risk
    Credit Portfolio Management (new)
    Financial Crime – Data
    Credit Data – Wholesale
    Credit Data – Collateralized Loan Obligation (CLO)
    Credit Risk for the Banking Book
    Current Expected Credit Losses (CECL)

    “In maintaining its position at the top of the RiskTech100, Moody’s has demonstrated its effective and strategic use of the latest technology to enable its data and analytics to be efficiently accessed, distributed, and consumed,” said Sid Dash, Chief Researcher at Chartis. “Moreover, Moody’s continues to expand and develop its analytical tools and functionality across a variety of business lines, from banking to insurance and securitization to compliance.”

    The 2025 winners of RiskTech100 were selected through a nearly year-long process involving vendor briefings and discussions with risk technology buyers and end-users. The research directors and lead analysts at Chartis Research then made the final decisions.

    Chartis Research is the leading provider of research and analysis on the global market for risk technology. Their goal is to support enterprises that drive business performance through improved risk management, corporate governance, and compliance. Chartis strives to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.

    For more information on Moody’s innovation and technology, visit Moodys.com/Innovation.

    ABOUT MOODY’S CORPORATION

    In a world shaped by increasingly interconnected risks, Moody’s (NYSE: MCO) data, insights, and innovative technologies help customers develop a holistic view of their world and unlock opportunities. With a rich history of experience in global markets and a diverse workforce of approximately 15,000 across more than 40 countries, Moody’s gives customers the comprehensive perspective needed to act with confidence and thrive. Learn more at moodys.com.

    MIL OSI – Submitted News –

  • MIL-OSI USA: RATINGS CHANGE: NJ-07 is a “Lean Republican”

    Source: US National Republican Congressional Committee

    The following text contains opinion that is not, or not necessarily, that of MIL-OSI –

    October 8, 2024

    Cook Political has officially moved NJ-07 to a “Lean Republican” race.

    Democrats have been fretting about Sue Altman for over a year: “Democrats privately worry that her profile — she led protests against neighboring Rep. Josh Gottheimer (D-N.J.) for his moderate record — makes it harder for them to win the seat.”

    It’s no wonder why: Altman’s support for defunding the police, raising taxes and boys in girls sports is radically out of step with common sense New Jersey voters.  

    “Sue Altman is grasping at straws trying to hide her radical past, but New Jersey voters see her for who she is: a megaphone-touting, defund the police radical. The momentum is on common sense pragmatist Tom Kean, Jr.’s side and he will be re-elected in November.” – NRCC Spokeswoman Savannah Viar

    MIL OSI USA News –

  • MIL-OSI Security: Coast Guard Cutter Alex Haley crew returns from 75-day Arctic Ocean patrol

    Source: United States Coast Guard

    News Release

    		  

    U.S. Coast Guard 17th District Alaska
    Contact: 17th District Public Affairs
    Office: (907) 463-2065
    After Hours: (907) 463-2065
    17th District online newsroom

     

    10/08/2024 04:53 PM EDT

    KODIAK, Alaska — The crew of the Coast Guard Cutter Alex Haley (WMEC 39) returned to their home port in Kodiak, Oct. 4, following a 75-day patrol in the Bering Sea and Arctic Ocean. The crew intercepted a Russian Federation naval vessel transiting the U.S. Exclusive Economic Zone, conducted domestic fisheries along the Aleutian Islands, and provided search and rescue coverage to the Bering Sea.

    MIL Security OSI –

  • MIL-OSI USA: COOK POLITICAL: VA-07 is a “toss up”

    Source: US National Republican Congressional Committee

    The following text contains opinion that is not, or not necessarily, that of MIL-OSI –

    October 8, 2024

    Cook Political makes it official: VA-07 is officially a TOSS-UP race.

    As polling consistently shows VA-07 to be a dead heat, it’s no wonder Cook Political is the second race ranker to move this district to a “toss up.” Inside Elections moved it to “toss up” in August.

    Vindman has faced criticism for inflating his military resume, accusations of violating federal election law, blowback for not being from the district and 

    MIL OSI USA News –

  • MIL-OSI Australia: Riverside man charged with possessing child abuse material

    Source: Tasmania Police

    A 44 year old Riverside man has been arrested for allegedly possessing child exploitation material.

    Following an investigation, search warrants were executed including at a private residence at Riverside today, by members of the Tasmania Joint Anti Child Exploitation Team (JACET).

    The Tasmania JACET is comprised of members of the High-Risk Child Exploitation Unit (Tasmania Police) and the Australian Federal Police.

    During the search, devices containing child abuse material were located.

    A 44-year-old man was arrested and charged with possess or control child abuse material obtained or accessed using a carriage service, contrary to section 474.22A of the Criminal Code 1995 (Cth).

    He has been detained to appear in an afterhours session of the Launceston Magistrates Court.

    Online child abuse is a serious crime. Tasmania Police, with the support of its partners, is committed to stopping these crimes and keeping our children safe. If you have seen inappropriate behaviour online that you suspect is child abuse, report it:

    •              If the child is in immediate danger, call 000.
    •              Call 131 444
    •              Report online to the Australian Centre to Counter Child Exploitation (ACCCE) https://www.accce.gov.au/report

    MIL OSI News –

  • MIL-OSI New Zealand: Road closed following crash, Marine Parade

    Source: New Zealand Police (District News)

    Police are currently attending a crash on Marine Parade, Napier, where a vehicle has struck a barrier. 

    While there are no injuries, there is traffic in the area and there are currently significant delays.

    The road is closed while Police work to clear the scene, with diversions in place.

    Please avoid the area if possible. 

    ENDS 

    Issued by Police Media Centre 

    MIL OSI New Zealand News –

  • MIL-OSI Submissions: Australia – Have Aussies lost their ambition? Only 11% consider career progression a priority

    Source: Robert Walters

    • Only 11% of professionals consider career progression a top priority in their professional lives 
    • Higher level job ads remaining vacant for over a year, as candidates want fewer responsibilities 
    • 47% say work-life balance is top priority when considering a new job 
    • 32% of new managers feel unsupported, 26% experience imposter syndrome and 20% feel overwhelmed and overworked.

    Recent research by recruitment specialists, Robert Walters, reveals that only 11% of professionals consider career progression as a top priority in their professional lives.

    When respondents were asked about the most appealing aspect of career progression, 47% emphasised the importance of work-life balance. Additionally, 29% expressed a preference for increased learning opportunities, while 21% highlighted promotions and job title changes. Just 4% cited increased responsibilities as a key factor.

    The study further highlights the significance of work-life balance, with 43% of job seekers considering it the primary deciding factor when evaluating new job opportunities. In comparison, 22% prioritise a competitive salary, 19% focus on company culture, and just 17% prioritise career growth opportunities.

    These findings coincide with the observation made by Robert Walters that candidates are increasingly seeking lower-level roles over management positions. Moreover, higher level positions are remaining vacant for extended periods, up to over a year, with potential candidates expressing concerns over the excessive responsibilities associated with these positions.

    Work-life balance takes centre stage

    Jane Lowney, Senior Director at Robert Walters Brisbane also mentioned that the current workforce, especially among Gen Z, is more driven by work-life balance. The increased demand for managers to handle remote work and other factors such as office culture has significantly increased the pressure and responsibilities associated with management roles, stressing that there has been a noticeable shift in the mindset of professionals when it comes to career advancement.

    Jane said, “less individuals are interested in ‘climbing the corporate ladder’ as they question the value of management positions and the additional responsibilities they entail. Salary no longer comes first, work-life balance is now the priority, so people are hesitant about taking on more responsibilities. This trend could be concerning when we think about the potential consequences on retention of teams and the need to attract leaders over time.”  

    Manager roles have evolved

    Further research from the recruitment experts also emphasises the necessity for increased support for newly promoted managers. Among 2,000 managers surveyed, 32% admitted to feeling lacking in support, while 26% confessed to experiencing imposter syndrome. Additionally, 20% expressed feelings of being overwhelmed and overworked.  in their managerial roles. Only 22% reported feeling empowered and adequately supported in their positions.

    Jane further explains the evolving role of managers in today’s world. “Previously, managers focused primarily on motivating employees and ensuring productivity. However, in the modern workforce, managers are expected to take on several additional responsibilities such as cultivating team culture and inclusivity, driving digital and AI adoption as well as identifying mental health struggles among team members, and effectively communicate challenging news such as delayed promotions or stagnant pay raises.”

    Jane emphasised that it is essential to provide comprehensive training to equip managers with the skills necessary to navigate the complexities of the modern workforce. Current training protocols must be revised to align with the ever-changing demands of the workforce, acknowledging the need for ongoing support and development for newly appointed managers.

    Case Study

    Gen Z top biller Maddy Shelest, Principal Consultant at Robert Walters Sydney was recently given a promotion from managing consultant to manager. However, she quickly realised that she was happier with fewer managerial responsibilities. After only 6 months in the new role, she made the decision to sidestep into an individual contributor role.  

    Maddy said, “Ensuring a healthy work-life balance is a top priority for me, and I already observed a change in this aspect in the few weeks I was a manager. I found myself carrying work-related concerns home, which wasn’t as much of a problem when I was in a lower position. I soon realised that this added stress wasn’t worth it, so I quickly made the decision to step down. I believe that the conventional career path no longer resonates with the modern workforce. People have learnt how to say no and feel more comfortable deviating from traditional routes of career progression.”  

    Maddy also highlighted the new complexities of the modern workforce, saying “todays managers have added responsibilities regarding mental health and the need to manage remote work. Being a manager isn’t the same as it might have been 10 years ago.”

    She also emphasised that as a young manager, being only 25 when she was promoted, she faced challenges in establishing boundaries between her friendships and her role as a manager. She said, “Being friends with my team members before I became their manager made me feel somewhat uncomfortable. There’s such an expectation to be the ‘cool’ manager, which made it difficult for me to transition from being their friend to managing them. I also think my age posed difficulties in providing guidance in certain situations. For instance, at 25, I was going through similar experiences as my team members and dealing with my own challenges, so it was difficult for me as a 25-year-old to offer advice to other individuals of the same age.”

    Maddy said the decision was also influenced by the nature of the billing industry, which already places a high workload and pressure on individuals. She said, “Adding the additional pressures of management on top of billing responsibilities and expectations was not something I wanted to take on. When I was a manager, I noticed my billings went down. It was high stress, low reward. I prefer to focus on maximising my billing potential and did not want to divert my energy and time towards the complexities of managing people.”

    To keep up with the evolving workforce, organisations need to adapt their training and support programs for new managers. It is evident that the role of managers has undergone significant changes, and as such, their training should be updated accordingly. Additionally, employee priorities have shifted, with a greater emphasis on time outside of work and work-life balance, especially in the post-Covid era. With the introduction of Gen Z into the workforce, it is imperative for organisations to take steps to make manager positions more appealing to this generation.  

    About Robert Walters  

    Robert Walters is one of the world’s leading specialist professional recruitment consultancies with a global presence spanning 31 countries. The Australian business recruits across the fields of accounting & finance, banking, engineering & operations, general management, human resources, information technology, legal, risk management, compliance & audit, sales, marketing & communications, secretarial & business support and supply chain & procurement.

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: Australia – CommSec nudges 3 million users as mobile and international trading takes off

    Source: Commonwealth Bank of Australia (CBA)

    Nearly half of CommSec customers and 75 per cent of CommSec Pocket users are under 40.

    Young Australians are flocking to self-directed investing according to CommSec with new accounts increasing by 37 percent year-on-year, taking Australia’s leading digital investment platform to almost 3 million customers.  

    According to CommSec data , investors under 40 make up nearly half of all CommSec’s customers and 48 per cent of trades are now made via mobile.  

    The analysis also reveals the popularity of international trading and CommSec Pocket, with new accounts up 96 per cent and 50 per cent respectively over the year to June 30, 2024.

    CommSec’s international trading platform offers a fast account set-up experience and easy access to 13 international equity markets including the US, Canada, Japan and the UK, with brokerage rates starting from USD$5 on US markets.

    Through CommSec Pocket, investors with as little as $50 can build an investing portfolio over time by choosing from ten themed investment options, providing the opportunity to align their investments to their interests, whether that be tech, sustainability leaders, or the biggest 200 companies on the Aussie market, or globally.

    “The growing popularity of our international trading platform and CommSec Pocket points to investor demand for a simple, accessible, low-cost trading experience and we’re pleased to see significant customer growth across both platforms over the past year,” said CommSec Executive General Manager James Fowle.

    “With investors under 40 making up nearly half of our 2.9 million customers, CommSec’s low-cost, intuitive and educational investment platform has been built to meet the needs of the next generation of investors. Likewise, our investment in delivering a market-leading mobile experience continues to gather momentum as trading via this channel grows across our customer base,” Mr Fowle added.

    Female investors now make up 38 per cent of CommSec accounts, with data indicating that they were more likely to invest in the ASX200 than their male counterparts over the past year.

    The CommSec data revealed a number of additional insights into customers:

    343,000 new CommSec accounts opened in FY241
    The five most traded domestic shares by value2:

    BHP Group Ltd (ASX:BHP)
    Commonwealth Bank of Australia (ASX:CBA)
    Fortescue Ltd (ASX: FMG)
    Woodside Energy Group Ltd (ASX:WDS)
    Pilbara Minerals (ASX:PLS)
     

    The five most traded international shares by value:

    NVIDIA Corp (NASDAQ:NVDA)
    Tesla Inc (NASDAQ:TSLA)
    ProShares UltraPro QQQ (NASDAQ:TQQQ)
    Apple Inc (NASDAQ:AAPL)
    MicroStrategy Inc (NASDAQ) MSTR

    5 August 2024 was the highest value trading day since 14 June 2022, coinciding with a 3% drop in the S&P 500 index following a disappointing U.S. employment report.

    CommSec is Australia’s leading online broker, offering the best mobile trading solutions for self-directed retail investors and has been recognised by Canstar for its category leading features. CommSec is a subsidiary of the Commonwealth Bank of Australia.

    For more information, visit: commsec.com.au

    1CommSec customer insights as at 30/6/24
    2CommSec customer insights in the six months to 29/9/24

    MIL OSI – Submitted News –

  • MIL-OSI Russia: Financial news: 10/08/2024, 15:36 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JW6P7 (VEB PBO1R1) were changed.

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    08.10.2024 15:36

    In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on 10/08/2024, 15:36 (Moscow time), the values of the upper limit of the price corridor (up to 102.37) and the range of market risk assessment (up to 1139.77 rubles, equivalent to a rate of 9.38%) of the security RU000A0JW6P7 (VEB PBO1R1) were changed

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

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

    https://www.moex.com/n73823

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial News: Stocks Turned to Growth in September, Ruble Continues to Decline

    MILES AXLE Translation. Region: Russian Federation –

    Source: Central Bank of Russia –

    In September, the Moscow Exchange Index grew for the first time since May — by 7.8%. The stock market was positively influenced, in particular, by news about dividends of individual companies.

    The weakening of the ruble continued. Against this background, citizens sold more currency than they bought for the first time since August last year.

    OFZ yields have increased, which has been accompanied by a negative revaluation of banks’ securities portfolios. However, its size is limited and does not have a significant impact on the overall stability of the banking sector.

    Read more in the next issue “Review of Financial Market Risks”.

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

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

    http://vvv.kbr.ru/press/event/?id=21063

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI USA: SCHUMER STATEMENT ON EPA REMOVAL OF ROCHESTER EMBAYMENT FROM LIST OF THE GREAT LAKES’ MOST POLLUTED AREAS

    US Senate News:

    Source: United States Senator for New York Charles E Schumer
    New York, N.Y. – U.S. Senate Majority Leader Charles E. Schumer released the following statement on the removal of the Rochester Embayment from the U.S. Environmental Protection Agency’s list of the Great Lakes’ most environmentally degraded areas:
    “I was thrilled to lead the charge and secure $9.5 million in federal Great Lakes Restoration Initiative funding to finally rebuild the Braddock Bay barrier beach that Hurricane Agnes washed away in 1972 in the Town of Greece,” said Senator Charles Schumer. “In the four years since its reconstruction, Braddock Bay has been transformed from a pollution hotspot into a thriving area with healthy restored habitats for wildlife and improvements that returned tourism, boating, and recreation to the waterfront. The Braddock Bay restoration was the last of 14 major pollution- and ecologically-impaired hotspots along Rochester’s Lake Ontario and Genesee River embayment coastline – from Webster to Parma – that have now been cleaned up and restored thanks to federal GLRI funding. The water is cleaner, birds and fish are more abundant, beach closures are down, and the Rochester coastline can now be removed from the EPA’s list of ‘Areas of Concern.’ I fought to secure a historic $1 billion for the Great Lakes Restoration Initiative in the Bipartisan Infrastructure Law with moments like this in mind. Investing in the Great Lakes means investing in the future of New York, and I will always fight for funding so our community can enjoy the full natural beauty and economic energy of the wonderful communities along the Great Lakes.”
    Schumer has helped deliver nearly $14 million in federal funding through the federal Great Lakes Restoration Initiative (GLRI) to fund eight habitat restoration projects, including $9.5 million for the Braddock Bay restoration project. Thanks to those projects, 275 acres of habitat and 30,000 linear feet of wetland channeling have been restored to improve connectivity and biodiversity in the bay.
    Schumer has been a relentless champion for the Great Lakes, including securing a historic $1 billion – the largest ever single investment – in the Great Lakes Restoration Initiative (GLRI) as a part of the bipartisan Infrastructure Investment & Jobs Law. Since its inception in 2010, Schumer noted, the GLRI has had a significant impact on Upstate New York. Schumer has long been a champion for the Great Lakes, fighting off budget cuts to the GLRI in 2019 and working to secure a multimillion-dollar increase in authorization levels for the program in 2018.

    MIL OSI USA News –

  • MIL-OSI Russia: Financial news: Three Federal Treasury deposit auctions will take place on 10/09/2024

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    Application selection parameters
    Date of the selection of applications 10/09/2024
    Unique identifier of the application selection 22024514
    Deposit currency rubles
    Type of funds funds of the single treasury account
    Maximum amount of funds placed in bank deposits, million monetary units 569,000
    Placement period, in days 2
    Date of deposit 10/09/2024
    Refund date 10/11/2024
    Interest rate for placement of funds (fixed or floating) FIXED
    Minimum fixed interest rate for placement of funds, % per annum 18.14
    Basic floating interest rate for placement of funds –
    Minimum spread, % per annum –
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Urgent
    Minimum amount of funds placed for one application, million monetary units 1,000
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Open
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 09:30 to 09:40
    Preliminary applications: from 09:30 to 09:35
    Applications in competition mode: from 09:35 to 09:40
    Formation of a consolidated register of applications: from 09:40 to 09:50
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 09:40 to 10:00
    Submission of an offer to credit institutions to conclude a bank deposit agreement: from 10:00 to 11:00
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 10:00 to 11:00
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n
    Application selection parameters
    Date of the selection of applications 10/09/2024
    Unique identifier of the application selection 32024019
    Deposit currency rubles
    Type of funds funds of the Social Fund of Russia (SFRR)
    Maximum amount of funds placed in bank deposits, million monetary units 46.5
    Placement period, in days 75
    Date of deposit 10/09/2024
    Refund date 12/23/2024
    Interest rate for placement of funds (fixed or floating) FLOATING
    Minimum fixed interest rate for placement of funds, % per annum –
    Basic floating interest rate for placement of funds RUONmDS
    Minimum spread, % per annum 0.00
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Special
    Minimum amount of funds placed for one application, million monetary units 1
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Open
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 12:30 to 12:40
    Pre-applications: from 12:30 to 12:35
    Applications in competition mode: from 12:35 to 12:40
    Formation of a consolidated register of applications: from 12:40 to 12:50
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 12:40 to 13:00
    Submission of an offer to credit institutions to conclude a bank deposit agreement: from 13:00 to 14:00
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 13:00 to 14:00
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n

    RUONmDS = RUONIA – DS, where

    RUONIA – the value of the indicative weighted rate of overnight ruble loans (deposits) RUONIA, expressed in hundredths of a percent, published on the official website of the Bank of Russia on the Internet on the day preceding the day for which interest is accrued. In the absence of a publication of the RUONIA rate value on the day preceding the day for which interest is accrued, the last of the published RUONIA rate values is taken into account.

    DS – discount – a value expressed in hundredths of a percent and rounded (according to the rules of mathematical rounding) to two decimal places, calculated by multiplying the value of the Key Rate of the Bank of Russia by the value of the required reserve ratio for other liabilities of credit institutions for banks with a universal license, non-bank credit institutions (except for long-term ones) in the currency of the Russian Federation, valid on the date for which interest is accrued, and published on the official website of the Bank of Russia on the Internet.

    Application selection parameters
    Date of the selection of applications 10/09/2024
    Unique identifier of the application selection 22024515
    Deposit currency rubles
    Type of funds funds of the single treasury account
    Maximum amount of funds placed in bank deposits, million monetary units 30,000
    Placement period, in days 98
    Date of deposit 10/10/2024
    Refund date 01/16/2025
    Interest rate for placement of funds (fixed or floating) FLOATING
    Minimum fixed interest rate for placement of funds, % per annum –
    Basic floating interest rate for placement of funds RUONmDS
    Minimum spread, % per annum 0.00
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Urgent
    Minimum amount of funds placed for one application, million monetary units 1,000
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Open
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 15:30 to 15:40
    Pre-applications: from 15:30 to 15:35
    Applications in competition mode: from 15:35 to 15:40
    Formation of a consolidated register of applications: from 15:40 to 15:50
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 15:40 to 16:00
    Submission of an offer to credit institutions to conclude a bank deposit agreement: from 16:00 to 17:00
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 16:00 to 17:00
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n

    RUONmDS = RUONIA – DS, where

    RUONIA – the value of the indicative weighted rate of overnight ruble loans (deposits) RUONIA, expressed in hundredths of a percent, published on the official website of the Bank of Russia on the Internet on the day preceding the day for which interest is accrued. In the absence of a publication of the RUONIA rate value on the day preceding the day for which interest is accrued, the last of the published RUONIA rate values is taken into account.

    DS – discount – a value expressed in hundredths of a percent and rounded (according to the rules of mathematical rounding) to two decimal places, calculated by multiplying the value of the Key Rate of the Bank of Russia by the value of the required reserve ratio for other liabilities of credit institutions for banks with a universal license, non-bank credit institutions (except for long-term ones) in the currency of the Russian Federation, valid on the date for which interest is accrued, and published on the official website of the Bank of Russia on the Internet.

    Contact information for media 7 (495) 363-3232PR@moex.com

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

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

    https://www.moex.com/n73836

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Security: Whitehorse — RCMP report the remains of a missing man have been located

    Source: Royal Canadian Mounted Police

    On September 16, 2024, a pickup truck pulling a trailer loaded with other vehicles went off the road into the Yukon River near the Lewes River Bridge. One male was able to exit the vehicle while the other male remained missing after the collision.

    On October 7, 2024, the missing male was located deceased in the Yukon River. The Yukon Coroner’s office is investigating and an autopsy has been ordered.

    Whitehorse RCMP would like to thank Yukon Search and Rescue and Whitehorse Fire Department for their support during the sustained search efforts.

    RCMP continue to conduct their investigation of the motor vehicle collision. For respect of the families involved and the integrity of the investigation, no further details will be released at this time.

    MIL Security OSI –

  • MIL-OSI USA: Senator Marshall Leads Effort Ensuring Biden-Harris Agency Stops Censorship Online 

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall
    Washington, D.C. – Senator Roger Marshall, M.D. led a letter to the Cybersecurity and Infrastructure Security Agency (CISA) expressing concerns over the agency’s monitoring of online political speech leading up to the 2024 election cycle. In the letter, Senator Marshall and his colleagues warn that the agency’s actions risk First Amendment violations by censoring speech on popular social media and search engine platforms. The senators pointed to a similar effort by CISA during the 2020 election cycle that led to widespread censorship of American citizens. 
    “The First Amendment prohibits the government from ‘abridging freedom of speech’ and the Supreme Court has recognized that for ‘core political speech’ ‘the importance of First Amendment protections is at its zenith.’ In today’s world, ‘core political speech’ is often found on social media platforms. Instead of respecting these long-standing norms, CISA has in the past worked with partners to violate them, thus undermining trust in the agency for many Americans,” the senators wrote. “To quote the Supreme Court, ‘if there is a fixed star in our constitutional constellation, it is that no official, high or petty, can prescribe what shall be orthodox in politics, nationalism, religion, or other matters of opinion.’ This is why we are writing to discourage CISA from prescribing what is favored and disfavored speech going forward. Millions of Americans expect nothing less from their government,” the senators continued.
    Senator Marshall and his colleagues urged CISA to prioritize its core mission of protecting America’s critical cybersecurity infrastructure. The senators closed their letter by demanding CISA confirm it will not censor Americans’ online speech or collaborate with groups aiming to control online information or opinions.
    Senator Marshall led this letter alongside Senators Bill Hagerty (R-TN) and Eric Schmitt (R-MO).   You may click HERE or scroll below to read Senator Marshall’s letter to CISA.

    MIL OSI USA News –

  • MIL-OSI New Zealand: Banking and Finance – ASB lowers mortgage rates

    Source: ASB

    ASB has today announced reductions to its fixed mortgage rates, with several short and mid-term rates falling by up to 16 basis points.  

    ASB’s Executive General Manager Personal Banking Adam Boyd says “We’re pleased to lower our mortgage rates across some popular terms in response to dips in wholesale rates, and we know mortgage rates trending downwards in recent months will be a relief for many households. We’re optimistic this relief will be extended to more Kiwi with the OCR decision this afternoon.”

    ASB has also reduced its term deposit rates by between 5 and 20 basis points each.

    All rate decreases are effective immediately for new and current customers.

     

    Fixed home lending term

    New rate

    Previous rate

    Rate decrease

    6-month

    6.75%

    6.85%

    -0.10%

    1-year

    6.19%

    6.35%

    -0.16%

    18-month

    5.89%

    5.99%

    -0.10%

    2-year

    5.69%

    5.79%

    -0.10%

    3-year

    5.69%

    5.79%

    -0.10%

     

     

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: BusinessNZ – ACC accounts under pressure

    Source: BusinessNZ

    Better claims management and more transparent levy-setting are needed to return ACC Accounts to financial health, BusinessNZ says.
    BusinessNZ’s submission on ACC’s levy-setting for 2025-28 notes that some ACC Accounts are currently underfunded, a situation which will lead to unjustified pressure on future levy payers.
    BusinessNZ Chief Executive Katherine Rich says ACC needs to be adequately resourced to ensure injured people receive rapid and cost-effective treatment and rehabilitation where required while at the same time being responsive to levy payers to minimise overall costs.
    “While we understand why ACC is proposing levy increases across the various Accounts, many levy payers will not welcome the proposed increases – which will add further pressure on businesses, workers and motor vehicle owners during challenging economic times and cost-of-living pressures.
    “The Government is responding to the economic challenge by seeking to restrain core Crown operating spending and has called on local government to focus on ‘doing the basics brilliantly.’ We believe ACC should do likewise.”
    Mrs Rich says there’s concern at the fact that the Earners Account is currently only 90% funded, with a shortfall of $1.6 billion, and given proposed levy rates, will fall to only 67% funded in 10 years.
    “ACC legislation requires all Accounts to be fully funded to ensure they can meet the lifetime cost of current claims. We believe this legal requirement is currently not being met.
    “There is also concern at the longer-term trend of claim volumes rising faster than population growth.
    “We believe ACC should proactively improve systems for accepting, managing and monitoring claims, and should manage all Accounts transparently, without cross-subsidies.
    “It is important that the businesses, workers and vehicle owners contributing levies to the ACC Scheme have confidence that the Scheme is being funded and managed according to its statutory requirements,” Mrs Rich said.
    The BusinessNZ Network including BusinessNZ, EMA, Business Central, Business Canterbury and Business South, represents and provides services to thousands of businesses, small and large, throughout New Zealand.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Iraq

    Source: New Zealand Ministry of Foreign Affairs and Trade – Safe Travel

    • Reviewed: 9 October 2024, 10:56 NZDT
    • Still current at: 9 October 2024

    Related news features

    If you are planning international travel at this time, please read our COVID-19 related travel advice here, alongside our destination specific travel advice below.

    Do not travel to Iraq including the Kurdistan region due to the volatile and unpredictable security situation, the ongoing threat of terrorism, violent extremism and organised crime (level 4 of 4).

    New Zealanders currently in Iraq despite our advice who have concerns for their safety are strongly advised to depart as soon as possible.

    Iraq

    As there is no New Zealand diplomatic presence in Iraq, the ability of the government to assist New Zealand citizens requiring consular assistance is severely limited. We offer advice to New Zealanders about contingency planning that travellers to Iraq should consider.

    Security Situation
    The security situation in Iraq remains highly volatile and could deteriorate further, with little or no warning. The terrorist group Islamic State of Iraq and the Levant remains active in parts of the country, as do other violent extremist groups engaged in sectarian, ethnic and tribal violence and organised crime. Political instability, crime and corruption, and civil unrest are also common in Iraq.

    Terrorism
    There is a continuing threat of violent attacks across Iraq from terrorist groups. Suicide bomb attacks, roadside bombs, car bombs, rocket attacks, drone attacks and small arms attacks occur frequently. Thousands of people have been killed and injured in these attacks throughout Iraq.

    Attacks can occur without warning at anytime, anywhere in Iraq. Terrorists, violent extremists and both pro and anti-government militias continue to conduct frequent and lethal attacks on a wide range of targets in Iraq.

    Targets include Iraqi Security Forces, government offices, large public gatherings, places of worship, airports, sites frequented by foreigners and residential areas to maximise casualties. While attacks can happen at any time, there is a heightened threat during religious and public holidays. There is also a heightened threat of attacks against Western interests.

    While the security situation in the Kurdistan region is slightly different to the rest of Iraq, there remains a risk of attacks by terrorist groups. Terrorist groups remain active close to the Kurdish region and the security situation in the region could deteriorate quickly.

    Kidnapping/Crime
    Violent crime, kidnapping and corruption are widespread throughout Iraq. Organised criminal groups, militia and tribal groups pose a significant threat. Although violent crime does occur during the day, security conditions get much worse after dark.

    Kidnapping for ransom and hostage taking by extremists and militant groups for ideological reasons, political gain or ransom is a significant threat throughout Iraq. Over the past decade a large number of foreign nationals have been kidnapped in Iraq, including aid workers, security contractors, journalists and soldiers.  Many hostages have been killed or remain missing.

    Women and girls in particular may be subject to harassment or mistreatment. Some sectors of Iraqi society and institutions have been known to overlook allegations of domestic violence against women when it is committed by close family members.

    Civil Unrest
    Political rallies and protests happen frequently in Baghdad and Basra and to a lesser extent Erbil. They can turn violent quickly and have led to injury and death in the past. Political rallies and protests also present viable targets for terrorists.  Police may use tear gas, water cannons and live ammunition to disperse crowds. 

    New Zealanders in Iraq are advised to avoid all demonstrations, protests and large public gatherings as even those intended as peaceful have the potential to turn violent with little warning. Comply with any instructions issued by the local authorities, including any curfews or vehicle bans. Monitor local and international media, review personal security plans and be aware of your surroundings. If unexpectedly in the vicinity of a protest or demonstration, exercise caution and leave the area quickly, find a safe location, remain indoors and follow any local advice.

    Security Forces
    Iraqi Security Forces and international coalition forces are engaged in an ongoing terrorist counter insurgency across central and northern Iraq. They also have a strong presence across the rest of Iraq and conduct targeted airstrikes against militants.

    Security restrictions like curfews and vehicle bans can be imposed at short notice.

    Security checkpoints are common place and often ad hoc, however false checkpoints have also been used to launch attacks, kidnapping, robbery and murder.

    Iraq has a large number of diverse security forces. They do not all enjoy cooperative relationships with one and other.

    Turkish and Iranian security forces have also been known to conduct military incursions targeting terrorist or militia groups across Iraq’s northern borders.

    Local travel
    Travel across Iraq can be extremely dangerous and there continue to be fatal attacks involving roadside bombs and small arms fire.

    There is also an ongoing threat from armed carjacking and robbery. Attacks happen during the day, but travelling at night is more dangerous.

    Domestic and international border crossings and Iraqi airports may close with little or no notice. Avoid travel to border areas as clashes, air strikes and other violent incidents are common. Sensitive border areas, especially with Syria and Turkey, are military targets.

    Piracy
    Pirate attacks and armed robbery against ships occur in coastal waters, particularly in the northern Persian Gulf, Gulf of Oman, Northern Arabian Sea, Gulf of Aden and Bab El Mandeb regions. Mariners should take appropriate precautions. For more information, view the International Maritime Bureaus’ piracy report. 

    Mosul Dam
    The Government of Iraq has taken and continues to take measures to improve the structural integrity of the Mosul Dam. A dam failure could cause significant flooding and disruptions to essential services from Mosul to Baghdad, along the Tigris River as well as areas adjoining the dam. A failure of the Mosul Dam cannot be predicted. Monitor local media reports and prepare contingency plans. 

    General Travel Advice
    Although homosexuality is not explicitly illegal under Iraqi law, people of the same sex who engage in consensual sexual acts may be prosecuted under other provisions of law, such as public indecency, and local attitudes towards LGBTQI+ people may be hostile. Violence, harassment and discrimination against LGBTQI+ people does occur, you are advised to exercise discretion.

    New Zealanders who decide to travel to Iraq are strongly encouraged to: 

    • Consult a reputable security company (with experience in Iraq) for advice on security arrangements. Security arrangements should be reviewed on a regular basis. Such measures may mitigate the risks to your safety but cannot eliminate them entirely.
    • Ensure that appropriate personal security protection measures are in place at all times including a robust contingency plan. The New Zealand government will not be arranging an evacuation for New Zealand citizens, should commercial options for departure cease.
    • Avoid areas of military activity at all times including border areas, as these areas are dangerous, often the target of military operations and not always clearly defined.
    • Have a comprehensive travel insurance policy in place that includes provision for medical evacuation by air. You should check that your travel insurance policy covers travel in Iraq – exclusions may well apply.
    • Be highly security conscious at all times, particularly in public places when travelling by road and close to government offices.
    • New Zealanders are advised to respect religious and social traditions in Iraq to avoid offending local sensitivities. 
    • Follow restrictions imposed by the local authorities and seek local advice on any changes to curfews. Exercise particular caution at checkpoints, a uniform is not a guarantee that the wearer is acting in an official capacity.
    • Monitor local developments closely through media and other information sources on possible new safety and security risks. Follow instructions from local authorities. Remain vigilant and alert to your surroundings.

    New Zealanders who decide to live or travel in Iraq against our advice are strongly advised to register their details with the Ministry of Foreign Affairs and Trade.

    Travel tips

    The New Zealand Embassy Abu Dhabi, United Arab Emirates is accredited to Iraq

    Street Address Level 25, Suite 2503, International Tower, Capital Centre, Abu Dhabi, UAE Postal Address PO Box 62292, Abu Dhabi Telephone +971 2 496-3333 Fax +971-2-496-3300 Email nzembassy.abu.dhabi@mfat.govt.nz Web Site http://www.mfat.govt.nz/united-arab-emirates Hours Mon-Wed 0900-1600, Thu 0900-1530, Fri 0900-1130 Notarial Services: By appointment only, please email to arrange Note Facebook: @nzembassyuae Twitter: @nzinuae

    See our regional advice for the Middle East

    Top of page

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Motor vehicle improvements are helping to reduce air pollutant emissions – Stats NZ media and information release: New Zealand’s environmental reporting series: Our air 2024

    Source: Statistics New Zealand

    Motor vehicle improvements are helping to reduce air pollutant emissions – 9 October 2024 – Improvements to the motor vehicle fleet are helping to reduce air pollutant emissions in Aotearoa New Zealand.

    That is one of the findings of the Ministry for the Environment (MfE) and Stats NZ’s latest three-yearly update about air quality in Aotearoa. Our air 2024 brings together recently updated Stats NZ indicator data, as well as insights from research literature. The report shows that air pollutant levels have decreased at most monitoring sites over the last eight years. However, some sites showed worsening air quality, while pollutant levels at sites where air quality improved were at times above levels in World Health Organization (WHO) guidelines.

    MfE’s Deputy Secretary – Strategy, Stewardship and Performance, Natasha Lewis, says emissions from motor vehicles (as well as aviation, shipping and rail) were lower in 2019 than in 2012 for all monitored pollutants, except sulphur dioxide. “Air pollutants from motor vehicle exhaust emissions are reducing per kilometre as a result of vehicle emissions standards, lower-emissions vehicles and improvements in engine technology and fuel quality,” she says.

    Visit our website to read this news story and information release:

    MIL OSI New Zealand News –

  • MIL-OSI USA: Rep. Gabe Vasquez Unveils New Bill to Support the Next Generation of Farmers

    Source: United States House of Representatives – Representative Gabe Vasquez’s (NM-02)

    LAS CRUCES, N.M. – U.S. Representative Gabe Vasquez (N.M.-02) announced the introduction of his bill, the Farmer-to-Farmer Education Act, that supports farmers by creating mentorship programs where experienced farmers can provide hands-on training and guidance to new producers. 

    In New Mexico, farming is a way of life that has been passed down through generations. However, many new farmers often face challenges in accessing vital information from federal agencies. The Farmer-to-Farmer Education Act ensures that new farmers have access to local, on-the-ground knowledge from experienced farmers who have been cultivating their land for generations.

    “My Farmer-to-Farmer Education Act will ensure young, upstart farmers can run productive, sustainable farms by directly connecting them to seasoned growers who understand their challenges,” said Vasquez. “Our farming population is aging, and we are facing a significant shortage of skilled new farmers. This program ensures the quick and efficient exchange of local knowledge — providing beginning farmers with ways to overcome many of their existing barriers.”

    “There are no better or more trusted voices for farmers looking to adopt conservation practices than other farmers,” said Samantha Levy, Conservation and Climate Policy Manager for the American Farmland Trust. “We applaud Rep. Vasquez for introducing a bill that would build the capacity for farmer-to-farmer networksto provide the very support farmers and ranchers — including young and farmers of color — need to implement practices critical to the resilience and viability of their operations.”

    The Farmer-to-Farmer Education Act will promote regional knowledge exchange by encouraging farmers to share their farming practices and experiences that have worked in the area with new farmers and will improve communication between federal agencies and local farming communities to ensure that all farmers have access to essential information and support. By having someone with firsthand experience address the difficulties that can prevent farmers from trying a new practice, the next generation of farmers will be better equipped to succeed and ensure the longevity of farming in New Mexico.

    “The majority of young and beginning farmers are motivated by stewarding and protecting the land and natural resources. In fact, 83% of young farmers who took the National Young Farmer Survey stated that one of their farm’s primary purposes for existing is to ‘engage in conservation or regeneration,’” said Lotanna Obodozie, Climate Policy Director of National Young Farmers Coalition. “However, they are starting their farm businesses in an increasingly uncertain climate. When looking for information on how to adapt to a changing climate, many farming communities already hold deep knowledge on how to build resilience and mitigate climate change in their region. Young farmers just need these connections and resources. The Farmer-to-Farmer Education Act will provide critical investments in farmer-led education, particularly for young farmers and farmers of color, who are already leaders in building resilience and enhancing conservation on their farms.” 

    As a member of the House Agriculture Committee, Vasquez is committed to supporting agricultural producers and ensuring that the rich tradition of farming continues to flourish in New Mexico and every corner of the United States.

    The bill is endorsed by the American Farmland Trust, National Young Farmers Coalition, National Wildlife Federation, Rocky Mountain Farmers Union, La Semilla, The Nature Conservancy, Kiss the Ground, New Mexico Healthy Soils Working Group and more. The full list of endorsements is available HERE.

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    MIL OSI USA News –

  • MIL-OSI Canada: Government of Yukon releases What We Heard report on Identifying Barriers to Indigenous Recruitment and Retention and the new Breaking Trail Together Operational Plan 2023–2026

    Source: Government of Canada regional news

    As part of the Government of Yukon’s commitment to reducing recruitment barriers and creating culturally safe work environments, the Government of Yukon has released two key documents, including a What We Heard report on Identifying Barriers to Indigenous Recruitment and Retention and the Breaking Trail Together Operational Plan 2023–2026.

    These documents follow public engagements with Indigenous people to identify and address challenges in the recruitment and retention of Indigenous employees within the Government of Yukon’s public service.

    • Read more about Government of Yukon releases What We Heard report on Identifying Barriers to Indigenous Recruitment and Retention and the new Breaking Trail Together Operational Plan 2023–2026
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  • MIL-OSI Russia: IMF Staff Completes 2024 Article IV Mission to Timor-Leste

    Source: IMF – News in Russian

    October 8, 2024

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • Timor-Leste’s growth is expected to rise in 2024, supported by an increase in public spending and strong credit growth. From a high level in 2023, inflation has fallen sharply and is projected to continue easing with the moderation of global food prices.
    • A key policy priority is ensuring that Timor-Leste’s substantial savings are best utilized to support development while achieving fiscal sustainability. Improving the composition and quality of public spending would boost growth, while containing overall spending is needed to preserve fiscal sustainability.
    • Promoting private sector development requires well-sequenced structural reforms, and the authorities are rightly prioritizing an ambitious agenda of legal reforms of the financial sector.

    Washington, DC: An International Monetary Fund (IMF) team led by Mr. Yan Carrière-Swallow visited Dili during September 25-October 8 to conduct discussions for the 2024 Article IV consultation with Timor-Leste. At the conclusion of the discussions, Mr. Carrière-Swallow issued the following statement:

    “Timor-Leste has made impressive progress since its independence. Yet, the economy remains under-diversified and highly dependent on the public sector. The IMF stands ready to continue providing capacity development to assist the government’s development and reform efforts.

    “Growth is expected to rise in 2024, supported by an increase in public spending and strong credit growth, and will maintain its momentum in 2025. From a high level in 2023, inflation has fallen sharply and is projected to continue easing with the moderation of global food prices. Risks to the outlook are balanced.

    “The draft 2025 budget contains an appropriate increase in spending on capital projects, health, and education, but also an excessive increase in recurrent spending. Large fiscal deficits are expected to persist as spending remains high, requiring excess withdrawals from the Petroleum Fund that will lead to its full depletion by the end of the 2030s. We recommend a 10-year reform scenario that supports economic diversification through structural reforms and gradually reduces fiscal deficits to stabilize the Petroleum Fund.

    “We welcome the government’s ambitious financial sector reform agenda to address structural impediments to lending, which is essential for private sector development. We recommend accelerating the issuance of land titles, which would offer a crucial source of collateral to households and businesses seeking credit from banks.

    “The team had fruitful discussions with Prime Minister Kay Rala Xanana Gusmão, Minister of Finance Santina Cardoso, Central Bank Governor Hélder Lopes, other senior officials, development partners, the private sector, and civil society. On behalf of the IMF team, I would like to thank the Timorese authorities for their hospitality and excellent cooperation.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pemba Sherpa

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/08/pr24360-timor-leste-imf-staff-completes-2024-article-iv-mission

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI USA: Rep. Gabe Vasquez Touts Good Paying Jobs, Inflation Reduction Act at Array Technologies

    Source: United States House of Representatives – Representative Gabe Vasquez’s (NM-02)

    ALBUQUERQUE, N.M. – Today, October 2, U.S. Representative Gabe Vasquez (N.M.-02) toured Array Technologies and spoke with executives, site leaders and New Mexico’s Energy, Minerals and Natural Resources Department officials about the impact of the Inflation Reduction Act (IRA) on solar manufacturing.

    “New Mexico’s homegrown company, Array Technologies, is creating domestic manufacturing jobs thanks to the Inflation Reduction Act. These jobs are leading the way to securing our domestic energy supply and harnessing the power of our natural resources. Array’s new facility in my district will employ over 300 New Mexicans, powering the growth of the West Mesa,” said Vasquez. “Array’s expansion is expected to inject over $300 million into the local economy over the next decade. This is the kind of economic impact that strengthens our district and keeps families here in New Mexico.” 

    During the roundtable, they discussed plans for the new production facility in the district and how these investments will bring more good-paying jobs to the area. Array Technologies, an Albuquerque-based global leader in solar tracking systems, recently broke ground on a new production facility on Albuquerque’s West Side. 

    The IRA is a game changer for renewable energy. The 45X Advanced Manufacturing Production Tax Credit is directly supporting the growth of solar manufacturing at Array. This credit incentivizes domestic production, which means more investments in local workforces and supply chains. These efforts, along with the strategic investments in solar manufacturing, are part of Vasquez’s broader commitment to ensuring New Mexico remains a hub for renewable energy innovation.

    Once fully operational, Array’s new facility will increase production of solar tracker systems, key elements of utility-scale solar installations. Thanks to the domestic content bonus credit from the IRA, Array is on track to offer 100 percent U.S.-made solar trackers by 2025, strengthening local supply chains and creating more opportunities.

    ###

    MIL OSI USA News –

  • MIL-OSI Russia: IMF Reaches Staff-Level Agreement with Papua New Guinea on a Resilience and Sustainability Facility (RSF) Arrangement and the Third Reviews Under the Extended Credit Facility and the Extended Fund Facility

    Source: IMF – News in Russian

    October 8, 2024

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country or a virtual staff visit. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • The Papua New Guinea authorities and the IMF team reached staff-level agreement on the request for access under the Resilience and Sustainability Facility (RSF) for about US$265 million to enhance resilience to climate change. The IMF Executive Board will consider the request in the coming weeks.
    • The authorities and the IMF team also reached staff-level agreement on the third reviews of the authorities’ reform program supported by the IMF’s Extended Credit Facility and the Extended Fund Facility.
    • Papua New Guinea’s outlook remains positive, with economic growth increasing to 4.5 percent in 2024, and the authorities continue to make progress in implementing their homegrown economic reform program.

    Port Moresby, Papua New Guinea: An International Monetary Fund (IMF) team led by Mr. Tahsin Saadi Sedik, visited Port Moresby from September 26 to October 9, 2024, to review progress under the authorities’ homegrown economic reforms supported by the Extended Credit Facility (ECF) and Extended Fund Facility (EFF) arrangements of SDR684.3 million (about US$918 million), and to discuss the authorities’ request for access to the Resilience and Sustainability Facility (RSF).

    At the conclusion of the mission, Mr. Saadi Sedik issued the following statement:

    “I am pleased to announce that IMF staff and the Papua New Guinea (PNG) authorities have reached a staff-level agreement on (i) the policies needed to complete the third reviews of the ECF and EFF arrangements; and (ii) a new 24-month RSF arrangement with access of SDR197.4 million (about US$265 million), which will run in parallel to the ECF-EFF arrangements, to support the authorities’ policy agenda aimed at enhancing resilience to climate change.

    “To enhance PNG’s capacity to address challenges posed by climate change and reinforce its resilience, the proposed RSF arrangement, subject to approval by the IMF Executive Board, would help build policy buffers and contribute to enhancing the effective implementation of PNG’s climate commitments. PNG would become the first Pacific Island country to benefit from RSF support. Building on these commitments, reforms under the proposed RSF arrangement will focus on strengthening disaster risk management capacity, supporting the inclusion of climate considerations in public investment decisions, encouraging the development of green finance, and enhancing mitigation policies. These reforms, which will be supported by capacity development activities from PNG’s international partners, are expected to catalyze financing for climate and sustainable development. 

    “The completion of the third reviews of the ECF-EFF, upon approval by the Executive Board of the IMF, would allow for the immediate disbursement of SDR94.75 million (approximately US$127 million) in financing, bringing the total IMF financial support disbursed thus far under the ECF-EFF arrangements to SDR321.12 million (about US$430 million). Adding the new RSF support, the total IMF commitment under all these arrangements would be SDR881.72 million (about US$1.19 billion).

    “Papua New Guinea’s economic outlook remains positive. Growth is expected to increase to 4.5 percent in 2024 from 2.9 percent in 2023, supported by the resumption of activities at the Porgera gold mine and improvements in access to foreign exchange. Average headline inflation is projected to remain historically low at 1.3 percent in 2024, while core inflation, which excludes volatile items such as betel nut, is projected to moderately increase to 3.9 percent in 2024, while staying below the historical average, mainly driven by food and transportation costs. Gross international reserves stood at US$3.2 billion at end-June 2024, providing space to continue implementing central banking reforms.

    “Performance since the start of the ECF-EFF arrangements has been strong. The government of PNG has continued to make progress in implementing its structural reform agenda, focused on advancing budget repair, modernizing central banking, and improving governance. These reforms are bearing fruit, with notable positive outcomes including: (i) the easing of foreign exchange shortages, which contributes to improving the business environment; (ii) the reduction of excess liquidity in the banking sector, which enhances monetary policy transmission; (iii) a lower fiscal deficit, which strengthens public debt sustainability; and (iv) progress in the operationalization of the anti-corruption framework.

    “The government remains committed to an ambitious fiscal consolidation strategy set out in its 13-year budget repair plan. After reducing the fiscal deficit by 0.9 percentage points of GDP in 2023, while creating space for more social spending, the authorities are on track to deliver an additional 0.4 percentage points of GDP reduction in 2024. The authorities remain committed to implementing their prudent borrowing strategy aimed at preserving debt sustainability.

    “The Bank of Papua New Guinea (BPNG) has continued to actively implement its roadmap of reforms to help alleviate foreign exchange shortages, gradually return to kina convertibility, and modernize its monetary policy operations. The increased flexibility of the exchange rate under the de facto crawl-like arrangement, combined with the BPNG’s foreign exchange intervention strategy, has supported improved access to foreign exchange, particularly for essential import orders. The reduction of the structural misalignment of the kina will help enhance the competitiveness of PNG’s exports, including in the agricultural sector, and thus increase rural incomes and improve living standards. The BPNG continues monitoring developments in domestic financial markets and stands ready to calibrate its policy stance accordingly. The BPNG is also modernizing its monetary policy operations, enabling commercial banks to improve their liquidity management. Amendments to the Central Banking Act, adopted in September by Parliament, have significantly improved the mandate, governance, and autonomy of the BPNG.

    “The governance and anti-corruption frameworks are being strengthened. The Independent Commission Against Corruption (ICAC), benefiting from a significant increase in funding, has successfully defined its operational procedures and set up more secure information systems.

    “The IMF will continue to work closely with the Papua New Guinea authorities and stands ready to help them, not only through financing and policy advice, but also through technical assistance.

    “The IMF staff team is grateful to the authorities for their warm hospitality, productive collaboration, and candid policy dialogue. The IMF team held meetings with Minister for Treasury Ian Ling-Stuckey, Governor of BPNG Elizabeth Genia, Secretary of Treasury Andrew Oaeke, and other senior government officials. The team also had constructive meetings with representatives from the private sector and development partners.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Randa Elnagar

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/08/pr24359-papua-new-guinea-imf-reaches-sla-rsf-arrangement-3rd-rev-ecf-eff

    MIL OSI

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  • MIL-OSI USA: House Passes Vasquez’s Bipartisan Bill to Prevent Wildfires, Support Ranchers

    Source: United States House of Representatives – Representative Gabe Vasquez’s (NM-02)

    WASHINGTON, D.C. – On September 24, 2024, the House passed U.S. Representatives Gabe Vasquez (D-NM-02) and Doug LaMalfa’s (R-CA-01) bill, the bipartisan Utilizing Grazing for Wildfire Risk Reduction Act, to help prevent wildfires through proactive grazing. The bill passed as part of the bipartisan Fix Our Forests Act. Prior to passage, Vasquez spoke on the House Floor about the importance of his bill to New Mexico. 

    WATCH: Vasquez Delivers Remarks on the House Floor

    “We need to use every tool in our toolbox to lessen the frequency and severity of wildfires. Livestock grazing can help us accomplish that goal. Grazing targeted areas can help slow the spread of an intense burn and control the temperature of a fire by reducing the amount of flammable organic fuel,” saidVasquez. “In New Mexico, we know the cost of fighting wildfires is astronomical, so we must use every available resource to prevent future natural disasters.”

    Vasquez is committed to preventing and reducing wildfires that threaten New Mexican’s homes, land and livelihoods. The recent South Fork and Salt Fires, which tragically took the lives of three New Mexicans and destroyed hundreds of homes and tens of thousands of acres, underscores the importance of using every option available to prevent dangerous wildfires.

    This bill ensures that grazing can be used proactively to mitigate wildfires and keep New Mexicans safe. It helps cut through red tape and makes it easier for New Mexican farmers and ranchers to assist in preventing wildfires that could devastate their land and livelihood.

    Vasquez voted in support of the bipartisan Fix Our Forests Act today, which improves local capacity to address wildfire impacts by allowing different agencies to work together to tackle wildfire risks. The bill advances research, supports local building codes, reduces wildfire impacts, encourages partnerships and offers technical and financial assistance. This allows the U.S. Forest Service to focus its resources more directly on fireshed management by hiring additional staff and conducting hazardous fuels management. 

    The Fix Our Forest Act also ensures that when Tribes conduct fire management efforts, such as trimming excess limbs off trees, they are able to sell the timber and use the profits for forest restoration activities. This will help support Tribal sovereignty and economic prosperity. It is endorsed by the National Congress of American Indians, the Citizens’ Climate Lobby and the National Rural Electric Cooperative Association. 

    Vasquez and LaMalfa originally introduced their bipartisan Utilizing Grazing for Wildfire Risk Reduction Act in March.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Cassidy Hosts Second Rural Community Funding Summit

    US Senate News:

    Source: United States Senator for Louisiana Bill Cassidy
    SHREVEPORT – This morning, U.S. Senator Bill Cassidy, M.D. (R-LA) hosted his second Rural Community Funding Summit of 2024, together with Minden Mayor Nick Cox, the Louisiana Municipal Association, the Police Jury Association of Louisiana, and LITACorp. Cassidy encouraged local officials in attendance to take advantage of his Infrastructure Investment and Jobs Act (IIJA), and the opportunities it provides.
    “When I was negotiating the bipartisan infrastructure bill, I was thinking of mayors, police jurors and city council members gaining access to dollars to build roads, fix water and sewage issues and extend high-speed broadband throughout Northwest Louisiana,” said Dr. Cassidy. “This summit completes the connection between appropriating our federal tax dollars back to our state and these community leaders learning how to use this money.”
    Webster Parish alone will benefit from over $17 million in the IIJA as of last summer, including over $9.2 million to build a new overpass over Louisiana Highway 531, along with other improvements near the overpass. Improvements will also be made to the stretch of Louisiana Highway 159 between Country Club Drive and Benson Road, and to the Minden and Springhill Airports.
    Representatives from numerous federal and state agencies, including the U.S. Department of Agriculture Rural Development and the Delta Regional Authority, were present. Cassidy was thanked for his efforts by Mayor Cox.
    “Senator Cassidy’s infrastructure bill has been enormously helpful in improving our roads and upgrading our airports, and we appreciate the chance to learn more about the opportunities in his bill to improve the services we provide to our residents,” said Mayor Cox. “This is great for Minden and great for the region.”

    MIL OSI USA News –

  • MIL-OSI Submissions: Motor vehicle improvements are helping to reduce air pollutant emissions – Stats NZ media and information release: New Zealand’s environmental reporting series: Our air 2024

    Source: Statistics New Zealand

    Motor vehicle improvements are helping to reduce air pollutant emissions – 9 October 2024 – Improvements to the motor vehicle fleet are helping to reduce air pollutant emissions in Aotearoa New Zealand.

    That is one of the findings of the Ministry for the Environment (MfE) and Stats NZ’s latest three-yearly update about air quality in Aotearoa. Our air 2024 brings together recently updated Stats NZ indicator data, as well as insights from research literature. The report shows that air pollutant levels have decreased at most monitoring sites over the last eight years. However, some sites showed worsening air quality, while pollutant levels at sites where air quality improved were at times above levels in World Health Organization (WHO) guidelines.

    MfE’s Deputy Secretary – Strategy, Stewardship and Performance, Natasha Lewis, says emissions from motor vehicles (as well as aviation, shipping and rail) were lower in 2019 than in 2012 for all monitored pollutants, except sulphur dioxide. “Air pollutants from motor vehicle exhaust emissions are reducing per kilometre as a result of vehicle emissions standards, lower-emissions vehicles and improvements in engine technology and fuel quality,” she says.

    Visit Statistics NZ’s website to read this news story and information release:

    MIL OSI –

  • MIL-OSI: ThreeD Capital Inc. Announces New Investor Relations Agreement

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 08, 2024 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQX:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to announce today that it has entered into an agreement (the “Agreement”) with PHK Investments LLC (“PHK”) to provide investor relations services to the Company. Pursuant to the Agreement, the Company will pay a fixed monthly fee of £6,875 (approximately $9,356 CAD) (the “Monthly Fee”) and up to £20,000 (approximately $27,218 CAD) in monthly ad spend which includes the use of third-party social media influencers and web-based platforms, if requested by the Company. Additionally, the Company will issue 100,000 stock options exercisable into common shares of ThreeD at an exercise price of $0.90 per share. Half of the options vest in six months and the remaining half vest in 12 months. The stock options will expire two years from the grant date if unexercised.

    PHK is entirely arm’s length to ThreeD. PHK may be contacted at 7 Bell Yard, London, WC2A 2JR, +442089492259, hector@phkinvestments.com. PHK’s services shall be provided through various mediums as may be determined between the parties from time to time, including social media, email, in-person networking, website deliverables, and video development.

    The services provided by PHK are to commence as of October 8, 2024 and will continue for a 12-month term (resulting in an annual fee of £82,500, approximately $112,275 CAD). PHK will engage with investors through various digital marketing and social media platforms, to facilitate greater investor awareness and widespread dissemination of ThreeD Capital’s news.

    Hector, CEO of PHK said, “We are delighted to be further delivering value and strengthening our relationship with ThreeD. We are happy to take options at such a premium to the current stock price, as we believe in the Company and feel it is trading at a discount given its asset value and growth trajectory. We look forward to what the future holds for ThreeD as it continues to expand its portfolio with its promising investments.”

    About ThreeD Capital Inc.

    ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors.  ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.

    For further information: 
    Matthew Davis, CPA  
    Chief Financial Officer and Corporate Secretary
    davis@threedcap.com  
    Phone: 416-941-8900

    The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

    Forward-Looking Statements

    This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of Canadian securities laws including, without limitation, statements with respect to the future investments by the Company. All statements other than statements of historical fact are forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. Although the Company believes that the expectations reflected in the forward looking statements contained in this press release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause the Company’s actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

    The MIL Network –

  • MIL-OSI USA: During Children’s Health Month, New Hampshire Congressional Delegation Applauds More Than $19 Million Headed to New Hampshire to Protect Children from Lead Poisoning

    US Senate News:

    Source: United States Senator for New Hampshire Maggie Hassan
    (Washington, DC) – U.S. Senators Jeanne Shaheen (D-NH), a senior member of the U.S. Senate Appropriations Committee, and Maggie Hassan (D-NH), alongside Representatives Annie Kuster (NH-02) and Chris Pappas (NH-01), applauded the announcement of more than $19 million headed to New Hampshire from the U.S. Department of Housing and Urban Development’s (HUD) Lead Hazard Reduction Grant program to help protect families with small children from the dangers of lead-based paint exposure. Specifically, the New Hampshire Housing Finance Authority is receiving $7.75 million, the City of Nashua is receiving $7.7 million and Sullivan County is receiving $4 million through the grant program.
    “Lead-based paint poses a serious health threat to children, and in states like New Hampshire where many of our neighborhoods have older housing stock, we must make every effort to protect families,” said Senator Shaheen. “This federal funding will help protect Granite State children from lead poisoning and exposure to other dangerous contaminants in their homes.”
    “New Hampshire’s children need safe places to live in order to thrive, but lead-based paint in older homes continues to jeopardize their health and development,” said Senator Hassan. “This federal funding to fix homes with lead paint is not only an important investment in the health of our children, but it also will preserve access to affordable housing in New Hampshire – giving more Granite Staters the safe homes and communities that they deserve.”
    “The science is clear: there is no safe amount of lead exposure—particularly for young children,” said Congresswoman Kuster. “I’m pleased to join the rest of the delegation in welcoming these resources heading to Nashua, Bedford, and Newport to help remediate older homes and apartments that contain lead paint and protect our communities from hazardous chemicals.”
    “The health of our children must always be a top priority, and protecting them from lead and other hazardous materials is essential in this effort,” said Congressman Pappas. “These funds will help New Hampshire families address lead-based paint and other health issues within our older housing supply to ensure our kids can grow up in a safe environment. I’ll continue working to address the needs of our children, families, and communities.”
    As a Senior Member of the U.S. Senate Appropriations Committee, Shaheen helps lead an annual letter with Senator Jack Reed (D-RI) to fellow appropriators requesting funding for the Office of Lead Control and Healthy Homes at HUD, which administers the Lead Hazard Reduction and Healthy Homes grant programs, as well as funding for the Childhood Lead Poisoning Prevention Program through the Centers for Disease Control and Prevention (CDC). Shaheen and Hassan helped negotiate, and the full delegation supported, the Bipartisan Infrastructure Law, which invested a historic $15 billion to identify and replace lead service lines. 

    MIL OSI USA News –

  • MIL-OSI Australia: Police issue please for all road users to take responsibility

    Source: Tasmania Police

    Police issue please for all road users to take responsibility

    Wednesday, 9 October 2024 – 8:52 am.

    With four deaths on Tasmanian roads last week alone, police are pleading with all road users to slow down and take responsibility on our roads.Acting Inspector Justin Lawson, who is the State Road Safety Coordinator for Tasmania Police, said that over the past decade, Tasmania has faced a tragic toll from road crashes, with more than 3,000 people being seriously injured or killed on our roads.“These numbers mean that on average, 35 Tasmanians are dying from road trauma each year.“A total of 26 people have lost their lives on Tasmanian roads this year, with factors including speed, alcohol consumption, fatigue, and distracted driving continuing to feature strongly as contributors.“Sadly, another four people have died in the past week alone,” he said.“This compares to 25 fatalities at the same time last year. In addition, a total of 223 people have been seriously injured in 2024, compared with 242 in 2023.”Acting Inspector Lawson said that inattention and high-risk driving behaviour were the most common contributors to fatal and serious crashes, along with speeding, drink/drug driving, fatigue and not wearing seatbelts.“The devastating consequences of fatal and serious motor vehicle crashes extend beyond the immediate physical injuries – they ripple through families, friends, and communities, leaving long-lasting emotional and psychological scars,” Acting Inspector Lawson said.“Each incident represents a life altered, a family heartbroken, and a community left counting the cost.“We implore drivers not to become a statistic. We all have a choice when we get behind the wheel and we call upon all Tasmanians to join us in making our roads safer.“Whether you are a driver, passenger, pedestrian, or cyclist, your choices matter and can assist in reducing the number of crashes.”“We will continue to conduct targeted and random patrols on rural roads to curb high-risk behaviours like speeding, drink driving, inattention and not wearing seatbelts, because we know these factors overwhelmingly contribute to serious and fatal crashes on our roads.“We also encourage members of the public to report dangerous driving and traffic offending to police on 131 444, or Triple Zero (000) in an emergency.”“You can also report dangerous driving through our website at https://www.police.tas.gov.au/services-online/dangerous-driving-report/”

    MIL OSI News –