Category: MIL-Submissions

  • MIL-OSI Submissions: MSF urges for protection of civilians and medical staff amid Israeli bombardment in Lebanon

    Source: Médecins Sans Frontières/Doctors Without Borders (MSF)

    Beirut, Lebanon, 11 October 2024 – As Israeli attacks intensify in Lebanon, healthcare facilities in areas most affected by airstrikes are being forced to close. This is leading to devastating consequences for civilians and their access to healthcare.

    Médecins Sans Frontières/Doctors Without Borders (MSF) teams are working tirelessly to ensure the continuation of care in our existing facilities, while also scaling up our activities to address the needs emerging from the ongoing conflict. However, due to the intense Israeli airstrikes, we were forced to suspend some activities in highly affected areas. We continue to adapt our activities to provide people with much needed healthcare.

    MSF urges all warring parties to spare civilians, medical facilities, and medical personnel in Lebanon to ensure that vital healthcare services can adequately address people’s urgent medical needs.

    “Given the intensity of the violence, road damage, and the lack of guaranteed safety, we are currently unable to reach all affected areas in Lebanon despite the increasing medical and humanitarian needs,” says François Zamparini, emergency coordinator for MSF in Lebanon.

    Last week, MSF was forced to completely close its clinic in the Palestinian camp of Burj el Barajneh in the southern suburbs of Beirut. We also had to temporarily stop our activities in Baalbek-Hermel, northeast Lebanon. These are both areas heavily affected by the strikes.

    “We partially reopened our clinic in Hermel this week to ensure that patients receive their medications, providing them with a two-to-three-month stock of essential drugs, depending on the severity of their condition and medical risks,” adds Zamparini.

    Patients in these areas are already vulnerable, struggling to access the healthcare they desperately need. The closure of medical facilities has left them, specifically people living with chronic diseases, without the essential services they need.

    MSF medical teams also remain unable to operate properly in southern Lebanon due to a lack of safety guarantees for our medical personnel.

    “One of the hospitals we planned to support and had donated medications and trauma kits to, in Nabatiyeh, only a few kilometres away from the active frontlines, was hit on 5 October,” explains Zamparini.

    An MSF mobile medical team, which had been actively supporting general healthcare centres in Nabatiyeh and other areas closer to the Lebanese border since November 2023, has been forced to stop its activities. The team, which was once able to reach areas near the border, can no longer do so and is currently limited to operating only as far as Saida, which is about 50 kilometres north of the southern border, where needs are highest.

    In the last two weeks, Israeli strikes have claimed the lives of at least fifty paramedics. This brings the total number of healthcare workers killed since October last year to over a hundred, as reported by the Lebanese Ministry of Public Health[1]. The heavy Israeli bombardments have also severely disrupted access to medical care across Lebanon. As of 1 October 2024, six hospitals and 40 general healthcare centres have closed their doors as the intensity of the fighting made it impossible to work without safety guarantees, according to OCHA. [2]

    The armed conflict is worsening an ongoing humanitarian crisis, aggravating existing needs. Lebanon’s healthcare system was already overburdened by the country’s economic crisis, which has caused the emigration of many medical staff and strained the capacity and resources of medical facilities. Local health centres, already at capacity, are now facing increasing pressure as they try to meet the growing medical needs of displaced people.

    The scale of displacement in Lebanon significantly surpasses the country’s ability to provide adequate shelter, with over a million people displaced according to UNHCR[3]. The majority of shelters people are seeking safety in are in dire conditions. To respond, MSF deployed 12 mobile medical teams across various regions of the country, including Beirut, Mount Lebanon, Saida, Tripoli, Bekaa, and Akkar. These teams are providing psychological first aid, general medical consultations, and mental health support, in addition to donating mattresses, hygiene kits, hot meals, and clean water. Nevertheless, people’s needs are far greater than what we are able to cover.

    “We must ensure the continuation of care for those in need,” emphasises Zamparini. “We urge all parties to respect international humanitarian law. Civilians and civilian infrastructure, medical facilities and medical personnel must not be targeted. Their safety must be guaranteed.”

    MSF response to the humanitarian crisis in Lebanon: In response to the ongoing escalation of conflict and intense Israeli bombing in Lebanon, MSF has deployed 12 mobile medical teams across various regions of the country, including Beirut, Mount Lebanon, Saida, Tripoli, Bekaa, and Akkar. These teams are providing psychological first aid, general medical consultations, medication, and mental health support. MSF is also distributing essential items such as blankets, mattresses, and hygiene kits, as well as supplying water by trucks to schools and shelters where displaced people have gathered. Additionally, we are offering hot meals and drinking water to hundreds of displaced families. MSF has also donated fuel and trauma kits to several hospitals, prepositioned 10 tons of medical supplies and trained over 100 healthcare workers in trauma care and mass casualty management across the country.

    MSF first began to work in Lebanon in 1976, and its teams have worked in the country without interruption since 2008.  In 2023, MSF teams worked in six locations across Lebanon, providing 13,609 free medical consultations for vulnerable communities, including Lebanese citizens, refugees, and migrant workers. MSF’s services include mental healthcare, sexual and reproductive healthcare, paediatric care, vaccinations, and treatment for non-communicable diseases such as diabetes. In the past years and as a result of the country’s ongoing economic collapse, people’s humanitarian needs have drastically increased, and we have adapted our projects accordingly. Moreover, we have responded to various types of medical emergencies, and in 2023 we increased our support to respond to the needs resulting from the armed clashes.

    ________________________________

    [1] Health workers in Lebanon describe deadly Israeli attacks on colleagues and fear more | AP News

    [2] https://www.unocha.org/news/todays-top-news-lebanon-occupied-palestinian-territory-and-israel-syria-haiti-ukraine-eastern

    [3] UNHCR’s Grandi appeals for urgent humanitarian support and an end to the bloodshed in Lebanon | UNHCR

    MSF Australia was established in 1995 and is one of 24 international MSF sections committed to delivering medical humanitarian assistance to people in crisis. In 2022, more than 120 project staff from Australia and New Zealand worked with MSF on assignment overseas. MSF delivers medical care based on need alone and operates independently of government, religion or economic influence and irrespective of race, religion or gender. For more information visit msf.org.au  

    MIL OSI – Submitted News

  • MIL-OSI Submissions: Household spending exceeds income in June 2024 quarter – Stats NZ media and information release: National accounts (income, saving, assets, and liabilities): June 2024 quarter

    Source: Statistics New Zealand

    Household spending exceeds income in June 2024 quarter10 October 2024 – New Zealand household saving decreased to -$479 million in the June 2024 quarter as household spending increased while net disposable income fell, according to figures released by Stats NZ today.

    Seasonally adjusted household spending increased 1.0 percent to $60 billion in the June 2024 quarter. The increase in household expenditure was driven by spending on services and non-durable goods like groceries, partly offset by a decrease in spending on durable goods like motor vehicles.

    Household net disposable income decreased 0.9 percent to $59 billion in the June 2024 quarter. Total household income decreased 0.2 percent, falling for the first time since the start of the reported series in 2016.

    Household net disposable income is the amount of money a household has once all income such as wages, interest, and child support, and income payable such as taxes have been accounted for. It represents the money available for a household to save, spend, or invest.

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

    MIL OSI

  • MIL-OSI Submissions: Gaza – Israeli forces pushing people from north Gaza to the south will only worsen the humanitarian catastrophe – MSF

    Source: Médecins Sans Frontières/Doctors Without Borders (MSF)

    Jerusalem, 9 October 2024: Israeli evacuation orders for parts of northern Gaza, issued on 7 October, are pushing tens of thousands of people to immediately flee south as the area is targeted by airstrikes and a ground offensive. In this latest forced mass displacement, residents of Beit Hanoun, Jabalia and Beit Lahia have been urged to move to the overcrowded, so-called humanitarian zone between Al-Mawasi and Deir Al-Balah, where one million people are already living in inhumane conditions. The zone also remains unsafe for civilians and aid workers, as Israeli forces continue to repeatedly strike the area.

    These forced mass evacuations of homes and bombing of neighbourhoods by the Israeli forces are turning the north of Gaza into an unliveable wasteland, effectively emptying out the whole north of the Strip of Palestinian life. To make matters worse, no humanitarian supplies have been allowed to enter the area since 1 October.

    MSF calls on the Israeli forces to halt evacuation orders, which are causing the forced displacement of people, and to ensure the protection of civilians. They must also allow desperately needed humanitarian supplies to enter the north as a matter of extreme urgency.

    “All of a sudden, I was told that we had to move from the north,” says Mahmoud, a Médecins Sans Frontières/Doctors Without Borders (MSF) watchman, who left Jabalia at night to find refuge at the MSF guest house in Gaza City. “We left our home in despair, under bombs, missiles and artillery. It was very, very difficult. I would prefer to die than to be displaced to the south; my home is here, and I do not want to leave.”

    Israeli forces also called for the evacuation of the three main hospitals in northern Gaza, namely Indonesian, Kamal Adwan and Al-Awda hospitals. These are operating at minimal capacity and have a total of 317 patients still hospitalised, with around 80 people in intensive care and unable to move, according to the Ministry of Health. These three medical facilities, as well as those that remain partially functional across the Strip, must be protected at all costs.

    The MSF clinic in Gaza City received 255 patients on Sunday and Monday alone, as options for people to access medical care shrink by the day. For some people, accessing the few existing health facilities is impossible; our teams have received reports of wounded people who have died as they were unable to seek medical care.

    Among those facing evacuation orders in the north are seven MSF staff who managed to find shelter in Gaza City. Five others remain blocked in Jabalia, where the Israeli forces are on the ground carrying out attacks.

    “The latest move to forcefully and violently push thousands of people from northern Gaza to the south is turning the north into a lifeless desert, while aggravating the situation in the south, where more than one million people have already been squeezed into a small portion of the Gaza Strip and live in deplorable conditions,” says Sarah Vuylsteke, MSF project coordinator in Gaza.

    “Access to water, healthcare, and safety is already almost non-existent, and the thought of more people fitting into this space is impossible to imagine,” says Vuylsteke. “People have been subjected to endless displacement and relentless bombing for the past 12 months. Enough is enough, this must stop now.”

    While the Israeli authorities have recently declared a minimal expansion of the so-called humanitarian zone, the area remains subject to evacuation orders and is unsafe due to regular Israeli bombardment. Many people living in the zone are suffering from skin diseases and respiratory infections because of the dire conditions. The situation is even more worrying with the approach of winter and the cold temperatures that people will be exposed to.

    Israeli forces must urgently halt evacuation orders in the north of Gaza. The relentless killing of people in Gaza must stop now, and an immediate and sustained ceasefire must be implemented.

    MSF Australia was established in 1995 and is one of 24 international MSF sections committed to delivering medical humanitarian assistance to people in crisis. In 2022, more than 120 project staff from Australia and New Zealand worked with MSF on assignment overseas. MSF delivers medical care based on need alone and operates independently of government, religion or economic influence and irrespective of race, religion or gender. For more information visit msf.org.au  

    MIL OSI – Submitted News

  • MIL-OSI Submissions: Crypto Security – Cryptocurrency crimes surge 4x as crypto-related SEC litigations boom in Q3

    Source: Finbold

    After a relatively slow start to 2024, the Securities and Exchange Commission vastly increased the number of cryptocurrency-related complaints in the third quarter (Q3) of 2024.

    To be precise, Finbold Research found that the number of crypto-related litigations registered by the SEC quadrupled between Q2 and Q3 from 3 complaints to 12.

    Furthermore, September saw a particular uptick in activity as the month witnessed more cases than the entirety of Q1.

    Since January, the Commission also announced the conclusion of several high-profile cases. In March, it revealed it had obtained default judgment against Sameer Ramani – an insider-trading accomplice of Coinbase’s (COIN) former product manager.

    In mid-September, the SEC also revealed it had settled with FTX auditor Prager Metis, accused of severe negligence between February 2021 and April 2022.

    The regulator singled out the failure to detect the risks emerging from the links between the exchange and Alameda Research as particularly damning.

    Cryptocurrency-related cases involve a wide variety of crimes

    The cryptocurrency-related cases of 2024 feature a wide variety of alleged crimes, with unregistered securities offerings and sales remaining particularly common.

    Additionally, scammers have continued leveraging digital assets’ popularity to solicit investments, frequently misrepresenting their business and, sometimes, even taking money for completely fictitious investments.

    Still, as Andreja Stojanovic, a co-author of the research, pointed out:

    “Many of them are not truly lawsuits targeting the industry, as many involved other types of fraud that simply utilized cryptocurrencies’ popularity and reputation as lucrative – if risky – investment vehicles.”

    Indeed, despite the non-trivial number of digital asset cases announced by the SEC, they constitute only 9.21% of the 228 complaints reported by the Commission.

    Read the full story with statistics here: https://finbold.com/cryptocurrency-crimes-surge-4x-as-crypto-related-sec-litigations-boom-in-q3/

    MIL OSI – Submitted News

  • 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 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 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 emissions9 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 Submissions: Universities – Swinburne Chancellor to call for bold leadership to tackle climate crisis at 2024 Swinburne Oration

    Source: Swinburne University of Technology

    Swinburne University of Technology Chancellor Professor John Pollaers OAM will use an address tonight to urge Australia’s business, government and academic sectors to step up and lead the charge in addressing the global climate emergency.

    Speaking at the 2024 Swinburne Chancellor’s Oration, Professor Pollaers will underscore that the time for incremental adjustments has passed and that Australia needs transformative leadership that prioritises long-term, strategic alignment of economic, societal and environmental goals.

    “This moment demands more than just managing the status quo. Leaders must rise to the challenge, setting aside short-term gains for a vision that secures not only Australia’s future but also our planet’s,” Professor Pollaers said.

    “Our research and education sector is a national asset, a strategic lever that, when fully harnessed, can propel Australia into a leadership position on the global stage. Becoming a renewable energy superpower is important, but our true potential lies in becoming a brainpower superpower.”

    “The opportunity for clean economic growth is within our reach, but only if we are bold enough to seize it.”

    “It will take every home, every business and every industry working together towards a more sustainable future. The scale of the response required is unprecedented.”

    The Chancellor will use his address at Swinburne’s Hawthorn campus to call on leaders across a range of sectors to act.

    “There’s a false narrative out there that somehow Australia is a powerless victim of this transformation, or too minor a player to make a difference, and there are even some who still question whether we need to act at all. We have to reject this. We have to make the choice to lead.”

    Moderated by esteemed journalist Beverley O’Connor, the Oration will feature a panel of international experts:

    Nicky Sparshott: Global Chief of Transformation, Unilever

    Julian Critchlow: Advisory Partner, Bain and Company and former UK Government Director General, Energy Transformation and Clean Growth

    Dan Cass: Co-Founder and Executive Director, Rewiring Australia

    Paul Gliding: Sustainability advocate and former Greenpeace International Executive Director.

    MIL OSI – Submitted News

  • MIL-OSI Submissions: Australia – Child rights organisation ChildFund, launch global online safety app

    Source: ChildFund

    Child rights organisation ChildFund have joined forces with The Girls and Boys Brigade to launch ChildFund’s global online safety app – Swipe Safe. ChildFund acknowledge the rapidly changing digital landscape and build an app that puts the power back in the hands of children and their parents.

    (Sydney, Australia).  In the countries in which ChildFund Australia works, the digital transformation of children’s lives has presented acute risks such as scams, cyberbullying, online grooming, and sexual, sexist, racist, or violent content. ChildFund has responded with the creation of the Swipe Safe program and app. The app serves to immediately strengthen children’s knowledge, skills and behaviours keeping them safe online.

    Swipe Safe has been beta tested in five separate phases, directly involving face-to-face training and app testing with tens of thousands of children in Timor-Leste, Papua New Guinea, Vietnam, Cambodia, Fiji and the Solomon Islands. The organisation has now teamed up with the Boys and Girls Brigade to launch the app in Australia.

    They have also been testing the app with families at the Girls and Boys Brigade who have provided local insights into the app. Stephanie Fett the Family Support Coordinator at the Boys and Girls Brigade spoke about how technology is transforming the lives of families the centre supports.

    “We’re seeing young people using phones from about eight years on and they haven’t developed that rational thinking until they reach 24 or even 25 [years of age]. So they are really unaware of the risks online, the natural reaction of parents is to take the phone away. This however struggles to build trust and openness with the parent making it exceedingly more difficult for them to protect their children online.”

    Stephanie elaborated that the app helped build greater trust between parents, carers and children, which is key to helping keep children safer online.

    “Parents need to work to build an open online relationship with children so they are comfortable with talking about their experiences online. The Swipe Safe app is a great tool to help facilitate this communication” [Click here for more on Swipe Safe].”

    ChildFund Chief Development Officer Corinne Habel was thrilled to launch the app in Australia and bring the insights that they have learned in overseas to home soil.

    “The Swipe Safe app is a unique online safety app that has been developed by global child protection specialists. Reports indicate that the volume of child sexual abuse material has increased by 87% in the last 5 years.

    SwipeSafe helps parents, caregivers, children and young people navigate an increasingly risky online space.  The online world is an exciting place for children to learn, play and connect, and we need to give them the tools to stay safe and understand and feel comfortable reporting harmful situations.

     

    ChildFund Australia

    ChildFund Australia is an independent international development organisation that works to reduce poverty for children in many of the world’s most disadvantaged communities.

    We partner to create community and systems change which enables vulnerable children and young people, in all their diversity, to assert and realise their rights.

    ChildFund Australia is a member of the ChildFund Alliance – one of the world’s oldest and most experienced child-focused development agencies. With a global network of 11 organisations, the ChildFund Alliance assists nearly 32million children and families in 70 countries.

    As a member of the Australian Council for International Development, and a signatory to the ACFID Code of Conduct and the ACFID Fundraising Charter, ChildFund Australia must meet high standards of corporate governance, public accountability and financial management.

    In addition, ChildFund Australia is fully accredited by the Department of Foreign Affairs and Trade which manages the Australian Government’s overseas aid program. Accreditation is a stringent process in which all operational activities – financial, managerial, fundraising and program – are analysed. This not only requires that ChildFund demonstrate that funds are distributed to community projects, but that they are spent effectively in those communities for the benefit of children.

    About Corinne Habel

    Corinne is a highly experienced director and executive with diverse expertise across a variety of not-for-profit sectors including humanitarian, hospitals, education, environmental, the arts and faith-based. Originally from the US, Corinne brings over 20 years’ experience in implementing effective global strategies.  Her diplomatic approach is key in her ability to negotiate and influence effectively at all levels of corporate, foundation, government and the community.

    The Girls and Boys Brigade

    Since 1882, The Girls and Boys Brigade have provided a welcoming, safe place for children and youth, aged 5-18, who need a helping hand. Based in Surry Hills, our programs are open to children, youth and their families living within the City of Sydney local government area. The families who access our services experience a wide range of financial, social, educational and housing challenges.

    About Stephanie Fett

    Stephanie has 38 years of frontline experience in the community sector as well as a Masters in International Social Work and Community Development.

    Stephanie’s experience has taken her to NSW regional areas, remote Aboriginal communities, Victoria Queensland, as well as urban Sydney – city and west. She has worked in disability, addiction, mental health homelessness, youth, children and family, Out of Home Care, Juvenile Justice, unemployment, assessment and projects to increase access to services and decolonise systems.

    She believes the key to her work is relationship building which builds trust, working alongside people in a trauma informed way.

    MIL OSI – Submitted News

  • MIL-OSI Submissions: New IPU report: Parliaments embrace technology but digital divide persists

    Source: Inter-Parliamentary Union (IPU)

    Wednesday 9 October 2024, Geneva, Switzerland. The latest edition of the IPU’s World e-Parliament Report 2024 highlights significant progress in the digital landscape of legislatures worldwide.

    However, the report also points out an increasing digital divide between rich and poor parliaments, which can have an impact on the quality of democracy.

    This is the eighth edition of the biennial IPU report, produced by the IPU’s Centre for Innovation in Parliament. The findings are based on survey responses from 115 parliamentary chambers in 86 countries and supranational parliaments.

    Key findings

    Accelerating digital transformation

    Digital transformation in parliaments is gaining momentum. Over two-thirds (68%) of parliaments now have multi-year digital strategies, and 73% have formal modernization programmes.

    Digital divide

    Country income level is the most significant predictor of digital maturity. Parliaments in high-income countries rank highly but about two-thirds of parliaments in low-income countries fall into the category of least digitally mature.

    Emerging technologies

    Cloud computing and artificial intelligence (AI) are increasingly being adopted in parliaments, with 68% using cloud services and 29% embracing AI tools.

    Cybersecurity is a top priority, with 70% of parliaments adopting national cybersecurity standards and 53% having internal cybersecurity strategies.

    Importance of inter-parliamentary cooperation

    The share of parliaments participating in the IPU’s Centre for Innovation in Parliament has increased from 27% in 2020 to 45% in 2024.

    Seventy per cent of parliaments surveyed expressed willingness to provide support to others.

    New: The IPU Digital Maturity Index

    This edition of the report introduces the IPU Digital Maturity Index, a pioneering tool to help parliaments assess their progress across six key areas including governance, infrastructure and public engagement.

    Legislatures in Europe and the Americas lead the way on digital maturity, while those in the Pacific region and sub-Saharan Africa are struggling to keep pace.

    Recommendations

    The report makes the following recommendations for parliaments:

    Develop clear digital strategies
    Allocate adequate resources
    Establish robust governance frameworks
    Invest in capacity-building
    Prioritize public engagement
    Strengthen inter-parliamentary collaboration

    Quote

    IPU Secretary General, Martin Chungong, said: “Parliaments cannot afford to fall behind as society embraces new technology. The future quality of democracy and its institutions are at stake. A digitally advanced parliament is a stronger, more effective, more transparent and more accountable parliament. This report shows how innovation and technology in parliaments can help them deliver better outcomes for the people.”

    The report will be presented at next week’s 149th IPU Assembly from 13-17 October 2024 in Geneva under the overarching theme: Harnessing science, technology and innovation for a more peaceful and sustainable future.

    The IPU is the global organization of national parliaments. It was founded more than 130 years ago as the first multilateral political organization in the world, encouraging cooperation and dialogue between all nations. Today, the IPU comprises 180 national Member Parliaments and 15 regional parliamentary bodies. It promotes democracy and helps parliaments develop into stronger, younger, greener, more gender-balanced and more innovative institutions. It also defends the human rights of parliamentarians through a dedicated committee made up of MPs from around the world.

    MIL OSI – Submitted News

  • MIL-OSI Submissions: Energy Sector – Equinor acquires a 9.8% minority stake in Ørsted

    Source: Equinor

    07 OCTOBER 2024 – Equinor ASA has acquired 41,197,344 shares in Ørsted A/S (“Ørsted”), corresponding to 9.8% of the shares and votes in the company.

    The transaction establishes Equinor as the second largest shareholder in Ørsted, after the Danish State, which holds a controlling stake in the company.

    “Equinor has a long-term perspective and will be a supportive owner in Ørsted. This is a counter-cyclical investment in a leading developer, and a premium portfolio of operating offshore wind assets. The exposure to producing assets complements Equinor’s operated offshore wind portfolio of large projects under development”, says Anders Opedal, CEO of Equinor.

    Equinor is supportive of Ørsted’s strategy and management, and is not seeking board representation.

    “This investment is in line with Equinor’s strategy of value driven growth in renewables. The offshore wind industry is currently facing a set of challenges, but we remain confident in the long-term outlook for the sector, and the crucial role offshore wind will play in the energy transition”, says Opedal.

    Ørsted has a net renewable generation capacity of around 10.4 GW, and a gross portfolio of offshore wind projects in execution of around 7 GW. The company’s ambition is to achieve a gross installed renewable capacity of around 35 to 38 GW by 2030. (1)

    Equinor’s ownership position has been built over time, through a combination of market purchases and a block trade.

    The current market value of Equinor’s holding in Ørsted is around USD 2.5bn, based on a closing price Friday 4 October of DKK 418 per share and a USD/DKK exchange rate of 6.8.

    Subject to obtaining regulatory approvals under applicable Foreign Direct Investment regulations, Equinor intends to increase its ownership to 10%. There are currently no plans to further increase the stake.

    The transaction will be executed within Equinor’s communicated financial framework.

    * * *

    (1) Net renewable generation capacity refers to the company’s equity share of offshore wind, onshore wind and solar generation capacity. Offshore wind projects in execution and the 2030 ambition are gross (100%) numbers. The ambition also includes onshore renewable energy, power-to-X and bioenergy. Source: Ørsted’s Q2-24 presentation and asset book.

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

    MIL OSI – Submitted News

  • MIL-OSI Submissions: Energy Sector – Equinor reports on Norwegian development projects

    Source: Equinor

    07 OCTOBER 202422:14(GMT+13) – Equinor is the operator of 19 projects currently under development in Norway. In the proposed National Budget for 2025, the Ministry of Energy listed the status of 13 Equinor-operated projects currently under development or recently completed.

    The projects in question have a total investment framework of 198 billion kroner, from commencement to commissioning.

    “Equinor has a good portfolio of profitable projects being developed in Norway, which will contribute to long-term security of supply of oil and gas to Europe. In 2023, our developments contributed to high activity and 25 billion kroner to the Norwegian supplier industry. Together with our partners and the industry, we have completed six projects during the past year,” says Trond Bokn, head of project development in Equinor.

    The reported projects have seen a cost increase of 6.5 billion 2024-NOK over the past year, which is about 3 per cent. The overall increase since the plans for development and operation (PDOs) is 32.9 billion 2024-NOK. Currency effects account for 12.4 billion of this. If the Johan Castberg project and currency effects are omitted, the cost increase for the reported projects is around 3 percent since PDOs.

    Two of the projects, Johan Castberg and Oseberg gas compression and partial electrification, have experienced a post-PDO increase of more than 20 percent, and are therefore mentioned specifically in the proposed national budget.

    Johan Castberg

    The production ship is now anchored at the field and Johan Castberg is on track for start-up towards the end of the year.

    The cost increase in the project is 2.2 billion 2024-NOK since last year. This is due to a longer stay than estimated at Aker Solutions at Stord, currency effects and a general cost increase. Of this, almost NOK 800 million is currency effects. Since the PDO, estimated costs have grown by 25.7 billion 2024-NOK. Currency effects account for 8.1 billion of this.

    Oseberg gas phase 2 and power from shore (OGP)

    OGP is composed of partial electrification of the Oseberg Field Centre and Oseberg sør, as well as installation of a new compressor module at the field centre.

    The cost increase over the past year is 1.2 billion 2024-NOK. Since the PDO, the cost increase is about NOK 2.5 billion in 2024-NOK. Since the PDO, estimated costs have grown by around 2.5 billion 2024-NOK. This is a result of longer delivery times for new transformers that were destroyed in a fire at Hitachi’s factory in Vaasa in 2023, as well as delays related to increased complexity. Planned commissioning has been postponed from 2026 to late 2027.

    Snøhvit Future

    Snøhvit Future encompasses onshore compression and electrification of Hammerfest LNG on Melkøya. Since the PDO, the cost increase is 1.9 billion 2024-NOK. More than 500 million of this relates to currency effects.

    One of the main reasons for the higher costs is the joint venture’s decision to change the design of an electric boiler as a result of safety considerations.

    Projects included in the National Budget overview

    Breidablikk
    Gina Krog alternative oil export
    Halten Øst
    Johan Castberg
    Kristin Sør phase 1
    Oseberg gas phase 2 and power from shore
    Sleipner power from shore
    Troll Vest electrification
    Irpa
    Verdande
    Snøhvit Future
    Njord Electrification
    Eirin

    Completed projects

    Breidablikk
    Sleipner power from shore
    Kristin Sør phase 1
    Troll Vest electrification
    Gina Krog alternative oil export
    Northern Lights.

    MIL OSI – Submitted News

  • MIL-OSI Submissions: Stats NZ information release: Tatauranga umanga Māori – Statistics on Māori businesses: June 2024 quarter

    Source: Statistics New Zealand

    Tatauranga umanga Māori – Statistics on Māori businesses: June 2024 quarter – information release – 8 October 2024 – Tatauranga umanga Māori – Statistics on Māori businesses: June 2024 quarter presents information on one subset of Māori businesses that contribute to our country’s economy. This release includes data on Māori authorities and related businesses. It does not cover all Māori businesses in Aotearoa New Zealand.

    Māori authorities are defined as businesses that receive, manage, and/or administer assets held in common ownership by iwi and Māori. Māori authorities are largely identified through their tax codes as registered with Inland Revenue. Any business within a Māori authority ownership group is also included for the purposes of Tatauranga umanga Māori.

    Key facts
    In the June 2024 quarter, around 1,450 Māori authorities and related businesses were in the Tatauranga umanga Māori population.

    All figures are actual values and are not adjusted for seasonal effects.

    In the June 2024 quarter compared with the June 2023 quarter:

    • the total value of sales by Māori authorities was $1,057 million, up $4.3 million (0.4 percent)
    • the total value of purchases by Māori authorities was $774 million, down $25 million (3.2 percent)
    • the total number of filled jobs for Māori authorities was 12,100, up 390 jobs (3.3 percent)
    • the total value of earnings by employees of Māori authorities was $219 million, up $15 million (7.4 percent)
    • Māori authorities exported $216 million worth of goods, up $5.6 million (2.7 percent).

    Visit Statistics NZ’s website to read this information release and to download CSV files:

     

    MIL OSI

  • MIL-OSI Submissions: Invest Moldova Agency – Moldova Receives ‘B+’ Rating with Stable Outlook from Fitch Ratings, Signaling Economic and Financial Resilience

    Source: Invest Moldova Agency

    Fitch Ratings has assigned the Republic of Moldova a Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘B+’ with a Stable Outlook. (ref. https://invest.gov.md/en/fitch-ratings-assigns-moldova-a-b-rating-with-stable-outlook-reflecting-economic-and-financial-resilience )

    This rating highlights the country’s steady commitment to maintaining macroeconomic and financial stability through prudent fiscal policies, a credible inflation-targeting framework, and a flexible exchange rate regime. These factors, combined with a resilient banking sector, demonstrate Moldova’s progress in overcoming past challenges and building a more stable financial environment.

    One of the key elements supporting this rating is the resilience of Moldova’s banking sector. For the past 10 years, Moldova undertook a comprehensive overhaul of its regulatory standards. Today, the sector remains well-capitalized, profitable, and exhibits low levels of non-performing loans. These improvements have fortified the country’s financial system, enhancing confidence in its ability to withstand economic pressures.

    Victoria Belous, the Minister of Finance of the Republic of Moldova, emphasized the significance of the rating in strengthening Moldova’s financial standing:

    “The B+ rating with a stable outlook reflects our efforts to maintain financial stability and prudently manage public debt. It sends a strong signal to investors and confirms the effectiveness of our policies. This rating will open new financing opportunities and support Moldova’s expansion on international markets.”

    Her statement underscores the government’s focus on responsible fiscal management and how the rating aligns with Moldova’s ambitions to attract international investors.

    Dumitru Alaiba, the Minister of Economic Development and Digitalization of the Republic of Moldova, also commented on the positive impact of the Fitch rating on Moldova’s global investment attractiveness:

    “For many years, we have been striving to improve our country’s rating. The report from Fitch Ratings is a key indicator for financial markets and institutional investors. The better the rating, the more attractive and stable the country becomes, and the lower the cost of financing. We are acting on all reform fronts within our control. I am pleased to see that our efforts over the past three years are now yielding tangible results. We continue to work hard moving forward.”

    Moldova’s B+ rating, coupled with its stable outlook, confirms the country’s commitment to economic reforms and financial discipline. By maintaining prudent fiscal policies and a robust regulatory environment, Moldova is well-positioned to leverage new financing opportunities. As a result, this rating serves as a milestone for the country as it continues to expand its presence on international markets and strengthen investor confidence.

    The Invest Moldova Agency, under the Prime Minister’s Office, promotes Moldova as an investment destination and supports export growth. Managing the national brand, it fosters international partnerships, economic diplomacy, and sectoral growth, enhancing Moldova’s global economic appeal

    MIL OSI – Submitted News

  • MIL-OSI Submissions: Comparable but tailored occupational classifications for Australia and New Zealand – Stats NZ media release

    Source: Statistics New Zealand

    Comparable but tailored occupational classifications for Australia and New Zealand – release – 8 October 2024 – The Australian Bureau of Statistics and Statistics New Zealand announced today, that while maintaining comparability, each country will introduce their own tailored occupational statistical classifications.

    The joint Australian and New Zealand Standard Classification of Occupations (ANZSCO) was established in 2006. The labour markets in both countries have changed and the differences are greater than when the joint management of the occupation classification commenced. 

    Australian Statistician Dr David Gruen and New Zealand Government Statistician Mr Mark Sowden said the decision is mutual and have committed to continue working together to maintain Trans-Tasman and international comparability as a priority. 

    The two agencies will develop concordances to map between classifications to maintain comparability, data continuity and time-series analysis. 

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

    MIL OSI

  • MIL-OSI Submissions: Australia – CBA doubles Career Comeback program for 2025

    Source: Commonwealth Bank of Australia (CBA)

    The expanded program offers a wider range of opportunities across both Institutional Banking & Markets and the bank’s Chief Operations Office to support people returning to work from a career break.

    Commonwealth Bank’s Career Comeback Program is helping even more professionals overcome the barriers of returning to the corporate workforce, as the Group’s Chief Operations Office (COO) joins the Institutional Banking & Markets (IB&M) division in offering roles for the 2025 cohort.

    Entering its fifth year, CBA’s Career Comeback program aims to help individuals who have taken a career break of two years or more to transition back into the workforce at a mid-to-senior level.

    The 2025 program has been expanded to more than double the size of past intakes, offering roles across business operations, product management, institutional banking coverage, markets and project management. The paid, 12-week program includes a comprehensive induction process, coaching and technology upskilling, with the potential for successful participants to roll into a permanent position with the institutional bank or the chief operations office.

    “We know a team that is diverse in skills, experiences and perspectives is stronger and more capable and brings greater value to our clients. I’m proud to see our Career Comeback initiative expand to Group COO and support even more experienced professionals to return to a rewarding career in banking, markets and operations,” said Andrew Hinchliff, Group Executive IB&M at CBA.

    “Our people are our point of differentiation and are core to our strategy and our success. With the expansion of Career Comeback across COO, I hope to empower future leaders to consider a career in CBA where they can make a real difference for our customers,” said Sinead Taylor, Chief Operations Officer at CBA.

    Jo Reardon participated in IB&M’s Career Comeback program in 2021 – the first year of the initiative. Ms Reardon had stepped away from a career in institutional foreign currency sales in 2016 and was looking for options to return to the finance sector in late 2020 when she came across CBA’s program.

    “I wanted to go back into banking, but with more flexibility than the client-facing sales roles I’d had in the past, and an operating office role was that perfect middle ground for me,” she said, adding that being part of the Global Markets Chief Operating Office team leveraged her experience of currency markets and supporting institutional customers.

    Jo Reardon

    Today, Ms Reardon works as a Director in the Global Markets Sales Chief Operating Office, delivering strategic initiatives and projects to support the Markets sales team with serving the bank’s wholesale clients.

    “I encourage anyone considering re-entering the workforce to apply for this program. There’s a lot of recognition of the skills and experiences people develop away from a corporate context, and that they translate well into a professional environment, and you get the benefit of being part of a cohort who are in the same boat navigating that transition back into the workplace and helping each other bridge any gaps in technology or new systems and processes,” she said.

    Applications for the 2025 Career Comeback Program are now open and close on 1 November 2024. Successful candidates of the program will commence in March 2025.

    For more information on the CommBank Career Comeback Program, visit: commbank.com.au/careercomeback

    MIL OSI – Submitted News

  • MIL-OSI Submissions: Asia Pacific – Poverty is rising and inequality widening in Asia and the Pacific, new UN report reveals – UN ESCAP

    Source: United Nations ESCAP

    More than 260 million people in the Asia-Pacific region could be pushed into poverty in the next decade unless governments step up with robust social protection schemes, according to a new United Nations report released today.

    The findings in Protecting our Future Today: Social Protection in Asia and the Pacific report reveal that poverty, both in monetary and non-monetary forms, is rising while inequalities in income and wealth are widening across the region. The number of people in vulnerable situations in the region is expected to rise, as negative shocks continue to hit amid prevailing inequalities. Access to basic opportunities and services also remains too often a distant goal for many.

    Most concerning, 45 per cent of people in the region have no social protection coverage at all. Millions of people living just above the national poverty line are vulnerable to shocks. Without stronger social protection systems, 266 million people could be pushed into poverty in 2040 under a worst-case scenario.

    The report was released at the eighth session of the Committee on Social Development, which opened today and brings together senior government officials, top experts and key stakeholders to explore building inclusive and comprehensive social protection systems that are future proof in view of key megatrends including demographic trends, climate change and digitalization.

    “Megatrends bring both challenges and opportunities. However, we need policy action to maximize the benefits of these megatrends while minimizing their costs,” said United Nations Under-Secretary-General and Executive Secretary of Economic and Social Commission for Asia and the Pacific (ESCAP) Armida Salsiah Alisjahbana.

    She added, “When done right, social protection and inclusive policies with a gender- and disability lens can enhance people’s resilience, facilitate adaptation and reduce the negative impacts of climate change. Acting today rather than tomorrow is not only more cost-effective but also crucial for intergenerational solidarity and ensuring that no one is left behind.”

    In his keynote address, Jomo Kwame Sundaram, Senior Adviser, Khazanah Research Institute, underscored, “A whole of government and a whole of society approach is needed at the national level to resolve the socio-economic and environmental challenges countries of our region are facing especially given the limited resources available for social spending.”

    The ESCAP report provides a blueprint on how governments can improve social protection systems across the region. Leveraging strategic foresight methodology, the report offers policy recommendations to meet changing conditions and argues that the price of inaction today far exceeds the cost of requisite action.

    “Recent years have shown us how fragile our progress has been in the region. We have heard how poverty is on the rise for the first time in decades. Unless we build the resilience of our people and planet, we cannot achieve sustained peace and prosperity in the region,” said H.E. Maliki Achmad, Deputy Minister of National Development Planning of Indonesia, who was also elected as Chair of the Committee.

    “The recent pledges in the ‘Pact for the Future’ made by our fellow nations, underscore our collective resolve, urgency and responsibility to shape a brighter tomorrow for future generations. This is a critical moment for reflection and action. It is time for us, as a region, to assess our progress and determine how we can come together to create a better future,” said H.E. Anukul Peedkaew, Permanent Secretary, Ministry of Social Development and Human Security of Thailand.

    Over the next three days, the bi-annual Committee will also review social and economic challenges and opportunities associated with slower population growth and related changes in population age structures, as well as strengthening disability-inclusive development.

    Read the full report: https://socialoutlook.unescap.org/

    MIL OSI – Submitted News

  • MIL-OSI Submissions: Energy Tech – 1MW community-owned battery could generate up to $250K/ year revenues in Australia

    Source: GridBeyond

    Energy battery storage are critical for the decarbonisation of the electricity grid and the transition from a centralised generation model to a decentralised one, allowing the integration of more renewables in the energy system. In the Australian Energy Markets, community-owned batteries offer a sustainable and cost-effective solution that not only benefits the community but also the environment.

    According to The Australian Energy Market Operator (AEMO) if consumer batteries are efficiently coordinated, AEMO estimates that they could help reduce costs for all consumers by offsetting the need for an additional $4.1B in grid-scale investments. But in addition a 1MW community owned battery enrolled in an FCAS (Frequency Control Ancillary Services)  programme could generate $250K/year revenues for its community owners, according to the latest GridBeyond White Paper: Community Battery 101 – Australia. Community-scale storage could also achieve significant net value through stacking multiple services, earning the operators a valuable income stream and realising attractive payback and return on investment opportunities.

    Against rising electricity costs, community batteries provide a solution by empowering communities to take control of their energy. Community batteries can reduce energy costs, by storing excess energy when it’s cheap and using it during peak hours. They can make community less reliant on traditional energy providers and they are also more sustainable as they maximise the use of renewable energy sources like solar and wind and can provide a reliable source of energy even during grid outages.

    But for community batteries to be commercially viable, an intelligent energy storage management system (ESMS) platform must be interoperable between a grid operator’s system, grid edge control layer, and energy market interfaces. The ESMS must be able to co-optimise across value streams to deliver benefits across the entire energy stakeholder ecosystem.

    “It’s exciting to see the Australian Government supporting the rolling out community batteries to lower power bills and boost electricity reliability. Community batteries are a great opportunity for everyone as everyone can benefit from those. Energy storage batteries can help the government to reach its decarbonisation goal, they generate savings and can help communities to even benefiting financially through an intelligent energy storage management system” said Scott Berrie, Asset Development Director at GridBeyond.

    About GridBeyond 

    GridBeyond began commercially trading in 2010 and is home to the world’s first hybrid battery and demand network. Now a global player in the energy transition, GridBeyond provides a powerful combination of technological excellence, consultative approach and unrivalled expertise that enables its partners and clients have future-proof access to energy services, while supporting the wider electricity grid integrate more volatile renewables and make the leap to a greener future. All without impacting operations.

    GridBeyond delivers energy services, new revenues, enhanced savings, strengthened operations and sustainability to over 900 I&C sites worldwide, including some of the planet’s best-loved brands.

    MIL OSI – Submitted News

  • MIL-OSI Submissions: GDP decreases 0.2 percent in the June 2024 quarter – Stats NZ media and information release: Gross domestic product: June 2024 quarter

    Source: Statistics New Zealand

    GDP decreases 0.2 percent in the June 2024 quarter – 19 September 2024 – New Zealand’s gross domestic product (GDP) fell 0.2 percent in the June 2024 quarter, following a 0.1 percent increase in the March 2024 quarter, according to figures released by Stats NZ today.

    Retail trade and accommodation; agriculture, forestry, and fishing; and wholesale trade industries all fell.

    “Activity in retail trade and wholesale trade has been in steady decline since 2022,” national accounts industry and production senior manager Ruvani Ratnayake said.

    Forestry and logging drove the fall in the agriculture, forestry, and fishing industry. This is mirrored by a fall in exports of forestry primary products.

    Despite the overall fall in GDP, 7 out of the 16 industries increased. The largest rise was in manufacturing.

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

    MIL OSI

  • MIL-OSI Submissions: Stats NZ information release: Electronic card transactions: August 2024

    Source: Statistics New Zealand

    Electronic card transactions: August 202412 September 2024 – The electronic card transactions (ECT) series cover debit, credit, and charge card transactions with New Zealand-based merchants. The series can be used to indicate changes in consumer spending and economic activity.

    Key facts
    All figures are seasonally adjusted unless otherwise specified.

    Values are at the national level and are not adjusted for price changes.

    August 2024 month
    Changes in the value of electronic card transactions for the August 2024 month (compared with July 2024) were:

    • spending in the retail industries increased 0.2 percent ($10 million)
    • spending in the core retail industries increased 0.4 percent ($25 million).

    Visit Statistics NZ’s website to read this information release and to download CSV files:

     

    MIL OSI

  • MIL-OSI Submissions: Stats NZ information release: International travel: July 2024

    Source: Statistics New Zealand

    International travel: July 2024 – 11 September 2024 – International travel covers the number and characteristics of overseas visitors and New Zealand resident travellers (short-term movements) entering or leaving New Zealand.

    Key facts
    Monthly arrivals – overseas visitors
    Overseas visitor arrivals were 221,800 in the July 2024 month, an increase of 8,000 from the July 2023 month. The biggest changes were in arrivals from:

    • Australia (up 11,400)
    • China (up 10,000)
    • United States (down 13,100).

    July 2023 saw a boost in overseas visitor arrivals from the United States, coinciding with the FIFA Women’s World Cup 2023 hosted by New Zealand and Australia.

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

    MIL OSI

  • MIL-OSI Submissions: Food prices increase 0.4 percent annually – Stats NZ media and information release: Selected price indexes: August 2024

    Source: Statistics New Zealand

    Food prices increase 0.4 percent annually12 September 2024 – Food prices in New Zealand increased 0.4 percent in the 12 months to August 2024, following a 0.6 percent increase in the 12 months to July 2024, according to figures released by Stats NZ today.

    Higher prices for restaurant meals and ready-to-eat food and grocery food drove the annual increase in food prices, up 3.6 percent and 2.4 percent, respectively.

    The price increase in restaurant meals and ready-to-eat food was due to higher prices for lunch/brunch, hamburgers, and takeaway coffees.

    The price increase in grocery food was due to higher prices for olive oil, chocolate blocks, and butter.

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

    MIL OSI

  • MIL-OSI Submissions: Stats NZ information release: Local authority statistics: June 2024 quarter

    Source: Statistics New Zealand

    Local authority statistics: June 2024 quarter10 September 2024 – Local authority statistics provides information on the performance of core non-trading activities of New Zealand’s territorial and regional councils.

    Visit Statistics NZ’s website to read this information release and to download CSV files:

    MIL OSI

  • MIL-OSI Submissions: New Zealand net migration rate down from peak – Stats NZ media and information release: International migration: July 2024

    Source: Statistics New Zealand

    New Zealand net migration rate down from peak – 11 September 2024 – International migration in the July 2024 year increased New Zealand’s population by 13 more people for every 1,000 already living here, according to provisional estimates from Stats NZ.

    The net migration rate of 13 per 1,000 in the July 2024 year was down from a rate of 26 per 1,000 in the October 2023 year.

    “New Zealand’s net migration rate is down on last year, but is still relatively high by historical standards,” population indicators manager Tehseen Islam said.

    High net migration rates in 2023 and 2024 mainly reflect the large number of migrant arrivals to New Zealand following the relaxation of COVID-19-related travel and border restrictions, both in New Zealand and overseas, from 2022.

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

    MIL OSI

  • MIL-OSI Submissions: 2023 Census shows 1 in 20 adults belong to Aotearoa New Zealand’s LGBTIQ+ population (corrected)

    Source: Statistics New Zealand

    2023 Census shows 1 in 20 adults belong to Aotearoa New Zealand’s LGBTIQ+ population (corrected) – On Thursday, 3 October 2024, Stats NZ published the second release of 2023 Census data, which included a news story about our LGBTIQ+ population.

    We have republished this news story to correct an error in the reporting of the LGBTIQ+ population by territorial authorities. Previously percentages were reported as proportions of New Zealand’s total LGBTIQ+ population rather than proportions of each territorial authority’s population.  

    For example, it was previously reported that 11.3 percent of New Zealand’s LGBTIQ+ population lived in Wellington city. This has been corrected to state that 11.3 percent of Wellington city’s adult population were LGBTIQ+.

    Visit Statistics NZ’s website to read the corrected news story:

    MIL OSI

  • MIL-OSI Submissions: Stats NZ information release: Employment indicators: August 2024

    Source: Statistics New Zealand

    Employment indicators: August 2024 – information release – 4 October 2024 – Employment indicators provide an early indication of changes in the labour market.

    Key facts
    Changes in the seasonally adjusted filled jobs for the August 2024 month (compared with the July 2024 month) were:

    • all industries – up 0.2 percent (4,679 jobs) to 2.37 million filled jobs
    • primary industries – up 0.1 percent (94 jobs)
    • goods-producing industries – up 0.2 percent (996 jobs)
    • service industries – up 0.2 percent (3,489 jobs).

    Visit Statistics NZ’s website to read this information release and to download CSV files:

     

    MIL OSI

  • MIL-OSI Submissions: Stats NZ media information release: Dwelling and household estimates: September 2024 quarter

    Source: Statistics New Zealand

    Dwelling and household estimates: September 2024 quarter – information release – 4 October 2024 – Dwelling and household estimates are used for many purposes including planning, policy formation, business decisions, and as ‘bottom lines’ in the calculation of market coverage rates.

    Key facts
    At 30 September 2024, the estimated number of:

    • private dwellings is 2,097,100
    • households is 2,020,000.

    These estimates are based on the 2018 Census of Population and Dwellings.

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

     

    MIL OSI

  • MIL-OSI Submissions: Australia – CBA cautions small business against “too good to be true” investment opportunities

    Source: Commonwealth Bank of Australia (CBA)

    With more than half of the money Aussie small businesses lose to scams going to fake investments, CBA Executive General Manager Rebecca Warren provides top tips on how to spot a fake investment opportunity.

    Nearly 90 per cent of all scams reported by CommBank’s business customers in FY24 came from small business, with more than half of their losses going to investment scams, according to new data released by CommBank.

    The data, which looks at the number and types of scams reported by CommBank small businesses in the last financial year shows investment scams, phishing, and business email compromise continue to be the most prevalent scams targeting Aussie small business.

    Investment scams offer fake money-making opportunities, often with the promise of unrealistically high or above-market returns and seemingly coming from legitimate sources.

    Business owners and leaders may be at higher risk of being targeted for investment scams because they’re more likely to have disposable funds to invest.

    CommBank Executive General Manager Small Business Banking Rebecca Warren said, while it is encouraging to see CBA customer scam loss decreasing overall, small businesses remain a prime target and the impact could be severe.

    “If a business owner or leader falls victim to an investment scam, it’s not just the business that could be compromised, but also the jobs of the people who work there”.

    “We can see through our data that small businesses lose around $30,000 on average to investment scams, which can have a devastating impact, both financially and emotionally. When they make an investment into what they think is a term deposit with a great interest rate, they tend to put in most of the money they have available, to maximise their returns.

    “We know running a small business is tough, and our priority is to help protect our customers from scams. Our focus is on early detection and prevention of scams through fraud prevention and monitoring activity, industry-leading features and education,” Ms Warren said.

    CommBank’s NameCheck feature prompts customers if the account details on a first-time payment don’t look right based on available payment information1. CallerCheck allows customers to verify whether a caller claiming to be from CommBank is legitimate, by triggering a security message in the CommBank app. CommBank may also use CustomerCheck to identify our customers in branch or over the phone by sending a message to the CommBank app.

    CBA has invested more than $800 million to help protect customers against fraud, scams, financial and cybercrime, but as Ms Warren points out, scams are least effective when people stop and check, and then reject.

    “While the Bank’s technology is designed to help detect and prevent fraudulent activities, it is crucial for customers to take proactive steps to protect themselves. It is imperative that they know what to look out for.”

    Ms Warren shares top tips for small business owners on protecting their business from scams.

    Know what to look out for

    Be suspicious of investment opportunities that sound too good to be true, because they probably are, according to Ms Warren. Scammers tend to contact prospective victims via phone, social media or sponsored ads.

    “Investment opportunities that offer high returns with little or no risk are likely fake and coming from a scammer. Be wary of any unsolicited online contact, including people reaching out via social media, sponsored ads or any opportunities endorsed by public figures and popular TV programs,” Ms Warren added.

    Scammers also use AI technology to impersonate well-known public figures who may appear to endorse a particular investment opportunity, and these may be used to give a false sense of legitimacy.

    Customers are advised to sense-check investment opportunities with friends and family before committing to anything, as they may help identify warning signs.

    “You can also research and check reviews by searching the investment name with the word ‘scam’ and consult ASIC’s list of companies you should not deal with by using the ASIC search portal,” Ms Warren said.

    Customers can also understand how to check if a company or a person is licensed on MoneySmart.

    Train and educate your staff

    Making sure business owners and their staff are on top of the latest scam and cyber threats is imperative.

    “When it comes to any scam, people are the first and very important line of defence, so it’s important to ensure you encourage staff to question and escalate payment requests,” Ms Warren said.

    It’s important that small business owners and staff have basic cyber hygiene such as strong passwords, multi-factor authentication and awareness of phishing scams.

    The Cyber Wardens program, which was created in partnership between CBA, Telstra and the Council of Small Business Organisations Australia (COSBOA), is specifically designed to help SMEs respond to the risks and support them to build an effective culture of cyber security.

    Put the right processes in place

    According to Ms Warren, processes play an important role in helping reduce the impact of scams.

    “You should check with the beneficiary the details of any large payments in person or by calling a verified number and especially if the beneficiary is requesting to amend their banking details. No single person should be responsible for making payments, so adopt strict separation of duties, using multiple authorities to make and approve payments but also to change beneficiary details,” she said.

    Businesses are also advised to restrict how much information they reveal about their suppliers and staff on public websites and social media.

    Take advantage of technology

    While scammers use increasingly sophisticated tactics to target unsuspecting small businesses, technology can also play an important role in preventing attacks.

    Leveraging technology does not have to be complex but it can be very effective in preventing scams and cyber-attacks, according to Ms Warren.

    “Promptly installing software updates, enabling software auto-updates and installing a reputable antivirus program can help reduce the impact of malicious software designed to tamper with online banking payments,” she added.

    1 For CommBiz transactions, NameCheck is currently available for payments to a first-time payee using direct credit, priority payment, fast payment and bulk payments for up to 50 payees only.

    MIL OSI – Submitted News

  • MIL-OSI Submissions: Business – Hellmann announces logistics partnership with Lacoste Mexico

    Source: Hellmann

    Osnabrueck, Mexico City, September 30, 2024. Global logistics service provider Hellmann Worldwide Logistics announces a contract logistics partnership with the iconic fashion-sport brand Lacoste in Mexico.

    As part of the cooperation, Hellmann, who was recently recognized as an outstanding employer (“Super Empresa”) by Mexican Expansion magazine, is managing a dedicated, full-service distribution center for Lacoste Mexico. 

    Operating out of a state-of-the-art 11,000 square meter warehouse in Mexico City, Hellmann manages the supply of 45 retail locations and direct to consumer shipments across Mexico. The array of services provided by Hellmann includes receiving, inventory management, as well as pick, pack and ship operations for outgoing B2B and e-commerce orders.

    Since Hellmann established its fashion logistics division over two decades ago, the freight forwarder has evolved into a leading provider of end-to-end logistics from production facilities to point of sale for several players in the fashion and retail sector. In addition to contract logistics services, a network of regional teams of experts situated in major markets provide flexible omni-channel concepts, e-commerce, fulfillment and logistics solutions around the globe.

    “Thanks to our very successful track record, we are pleased to strengthen our market position in fashion and lifestyle logistics in the Americas by partnering with Lacoste in Mexico. As a company with a strong focus on providing tailor-made solutions to fashion and retail companies, we are delighted to support Lacoste in their expansion in the Mexican market,” says Volker Sauerborn, Chief Operating Officer Contract Logistics, Hellmann Worldwide Logistics.

    About Hellmann

    Since its foundation over 150 years ago, Hellmann Worldwide Logistics has developed into one of the largest international logistics providers in the world. With more than 12,000 employees, the company is active in 57 countries and generated sales of EUR 3.5 billion in 2023.The range of services includes classic forwarding services by road, rail, air- and seafreight, as well as a comprehensive range of CEP services, contract logistics, industry and IT solutions.

    MIL OSI – Submitted News