Category: Transport

  • MIL-OSI Russia: The Polytechnic discussed the use of injection technologies in construction

    Translartion. Region: Russians Fedetion –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    The first all-Russian conference on injection technologies in construction, “Injection Days 2025”, is taking place at the Polytechnic University.

    Key construction industry specialists, from leading experts and project developers to companies specializing in the implementation of injection technologies, gathered at the site to exchange practical experience and the latest achievements in this field.

    Injection is the restoration of the integrity of buildings and structures made of stone, concrete, brick, strengthening of soil and rocks by filling cracks and voids with viscous polymeric materials by injection (under pressure). Injection is carried out to increase the bearing capacity of soils during their deformation, foundations and structures during their long-term operation, as well as to protect against the penetration of water or harmful substances.

    The principle of operation of this technology is the point pouring of reinforcing materials into problem areas, which ensures reliable sealing of damage and returns the foundation or structure to its original solidity.

    On the first day of the conference, experts discussed such issues as: structural repair using injection methods in construction, repair of cracks in foundation pylon structures using epoxy resin; sealing of underground parts of buildings and structures; repair of expansion joints of buried structures; deep injection of expansion joints; sealing of expansion joints using the deep injection method; elimination of jet seepage in concrete structures and junctions of metal cladding, stabilization of the soil base and lifting of a nine-story residential building using the polyurethane resin injection method, stabilization of foundation soils at industrial facilities, etc.

    The participants also learned about the experience of their colleagues in using non-destructive methods of monitoring the condition of concrete and soil structures when planning and implementing repair and restoration work; the experience of stabilizing thawed permafrost soils; using the example of the Svetlinskaya hydroelectric power station, they learned about methods for restoring the tightness of a temperature joint, etc.

    On the second day of the conference, reports were presented on the following topics: “Inspection of structures and foundation soils before their strengthening using modern non-destructive testing methods”, “Combined approach to comprehensive inspection of hydraulic structures for the purpose of developing design solutions”, “Experience in implementing projects to stabilize soil foundations in the Middle East”, etc.

    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.

    MIL OSI Russia News

  • MIL-OSI: Kama Capital Disrupts Affiliate World Dubai 2025: Shaping the Future of FinTech with High-Powered Partnerships

    Source: GlobeNewswire (MIL-OSI)

    KINGSTOWN, St Vincent & Grenadines, Feb. 26, 2025 (GLOBE NEWSWIRE) — Kama Capital is set to take center stage at Affiliate World Dubai 2025, the world’s premier affiliate marketing conference, from February 26-27, 2025. As a FinTech disruptor, Kama Capital is not here to follow the trends but to set them. Kama Capital aims to highlight the role of affiliates in FinTech growth and present its trading platform to a global audience of performance marketers.

    Affiliate World Dubai is the exclusive gathering of the top 1% of affiliate marketers, e-commerce entrepreneurs, and digital growth hackers. It will be held in Dubai for two intense days of networking, deal-making, and industry insights. With over 35 keynote speeches, Q&A sessions, and exclusive mixers, the event is the go-to platform for game-changing collaborations.

    Why Affiliates Are the Powerhouses of FinTech Growth
    In FinTech, affiliates are not just intermediaries—they are market-makers. They fuel adoption, drive high-value conversions, and build trust in a fast-moving, data-driven trading landscape. Kama Capital recognizes affiliates as its growth partners and provides them with the tools, rewards, and support they need to succeed.

    “Affiliate marketing isn’t just about generating traffic—it’s about driving real impact. Kama Capital is built for traders who demand speed, transparency, and control, and our affiliates are the key players in bringing this revolution to more traders worldwide.” – Razan, Deputy CEO, Kama Capital

    Unlike generic trading platforms, Kama Capital doesn’t just sell a service. It empowers traders to break free from outdated financial systems using AI-driven trading, high-frequency execution, and ultra-low latency performance. For affiliates, this means a high-converting product built on actual performance, not marketing fluff, empowering them to make a real impact in the industry.

    The Kama Capital Edge: Why Affiliates Choose Kama Capital
    Kama Capital offers affiliates a structured partnership program with a focus on transparency and performance, including:

    • High-Impact Trading Technology: AI-powered, lightning-fast execution, built for serious traders.
    • Industry-Leading Payouts: Competitive CPA and revenue share models that maximise affiliate earnings.
    • A Product That Converts: Kama Capital’s advanced trading platform drives engagement, and retention
    • Full Transparency and Real-Time Insights: Affiliates get real-time data, marketing support, and total clarity on earnings, ensuring they can trust the platform and feel confident in their partnership with Kama Capital.

    “The FinTech affiliate space is crowded with hype. Kama Capital cuts through the noise with a product that delivers. Affiliates don’t have to push a ‘hard sell’—they need to connect traders with a working platform.” – Elena, Chief Marketing Officer, Kama Capital.

    Those Who Are Interested Can Visit Booth E31 – Explore Partnership Opportunities.

    At Affiliate World Dubai 2025, Kama Capital aims to expand its affiliate network within the FinTech sector. The company welcomes collaborations with affiliate marketers, performance-driven media buyers, and financial influencers interested in exploring partnership opportunities.

    “Affiliate partnerships are the backbone of Kama Capital’s expansion. We don’t just give our affiliates a product—we give them a winning edge in a competitive industry. If you’re serious about earning big in FinTech, you’ll want to stop by Booth E31.” – Omar Gazy, Affiliate Manager, Kama Capital.

    Kama Capital Invites Affiliates and Partners to Shape the Future of FinTech

    Kama Capital is more than a broker—it is a disruptive force in the financial sector, challenging traditional finance and providing traders and affiliates with the tools to navigate the markets with greater control.

    Kama Capital will be available at Booth E31 at Affiliate World Dubai 2025.

    Partnership inquiries can be made through www.kama-capital.com or in person at Affiliate World Dubai 2025.

    About Kama Capital
    Kama Capital was founded in 2021 to lead a new breed of traders empowered by cutting-edge AI and technology, aiming to redefine the future of trading. Headquartered in Dubai, the company utilizes advanced machine learning, algorithmic trading, Expert Advisors, data analytics, and next-generation trading tools to equip traders with the technology, intelligence, and control necessary to transform their trading practices. Kama Capital has garnered industry recognition for its innovative approach, earning accolades such as “Fintech of the Year” from Entrepreneur Magazine, and forming strategic partnerships with Tech Crunch, Finance Magnates, Acuity, and FutureTech Con, further solidifying its position as a leader in the financial trading sector.

    For more information about Kama Capital, users can visit https://kama-capital.com

    Contact

    Head of Digital & Partnerships
    Karthik R. Arumugam
    Kama Capital
    k.arumugam@kama-capital.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/87c57458-0f5b-47f9-83ca-905aa3e801a4

    The MIL Network

  • MIL-OSI Asia-Pac: FS revs up city’s trade engine

    Source: Hong Kong Information Services

    Financial Secretary Paul Chan said today that the Government will strive to bolster Hong Kong’s status as an international trade centre, supply chain management centre, and transportation and logistics hub.

    In his 2025-26 Budget speech, he said efforts will be made to expand the city’s trade network, reinforce its connectivity and attract more inward investment, while also strengthening support for local enterprises.

    As regards Hong Kong’s supply chain management capabilities, Mr Chan iterated that the Hong Kong Trade Development Council and InvestHK jointly provide assistance to Mainland enterprises in using Hong Kong as a base to manage their offshore trading and supply chain activities.

    In terms of trade financing, he said the Trade Financing Liquidity Facility recently introduced by Monetary Authority (HKMA) and the People’s Bank of China provides greater flexibility for RMB financing. In addition, the Hong Kong Export Credit Insurance Corporation offers credit insurance to support enterprises seeking to go global.

    Mr Chan said the Government is considering making legislative amendments to facilitate digitalisation of trade documents, and will submit proposals to the Legislative Council next year.

    In efforts to expand Hong Kong’s trade network and attract more inward investment, the Financial Secretary said the Government is liaising with the governments of Malaysia and Saudi Arabia with a view to establishing Economic & Trade Offices in those countries. In addition, InvestHK has established consultant offices in Egypt and Türkiye, while the HKTDC has set up a consultant office in Cambodia.

    Moreover, the Government is exploring investment agreements with Saudi Arabia, Bangladesh, Egypt and Peru, and is conducting negotiations with 17 countries on establishing Comprehensive Avoidance of Double Taxation Agreements.

    Mr Chan outlined that Hong Kong will continue to cultivate markets in the Association of Southeast Asian Nations (ASEAN) and the Middle East, besides exploring opportunities in Central Asia, South Asia and North Africa. With regard to the Belt & Road (B&R) Initiative, he added that the HKTDC will strengthen project matching, particularly in relation to green development and innovation and technology (I&T).

    Meanwhile, to support the development of local enterprises and help them to go global, the finance chief said the Government will inject a total of $1.5 billion into two funds: the Dedicated Fund on Branding, Upgrading and Domestic Sales and the Export Marketing and Trade and Industrial Organisation Support Fund. Application arrangements will also be streamlined.

    In terms of support for Small and Medium Enterprises (SMEs), Mr Chan also highlighted that numerous banks have joined the Taskforce on SME Lending jointly established by the HKMA and the Hong Kong Association of Banks. He said that the funds dedicated for SME financing in the participating banks’ loan portfolios recently increased to over $390 billion.

    In collaboration with large-scale e-commerce platforms, the HKTDC will also launch “E-Commerce Express”, in order to provide Hong Kong enterprises with one-to-one consultation services and thematic seminars. In addition, it will enhance the mentorship scheme it operates in collaboration with the Trade & Industry Department, and will organise a second edition of the Hong Kong Shopping Festival.

    Turning to Hong Kong’s maritime industry, Mr Chan said the Government will adopt an “innovative spirit” with regard to its development.

    He revealed that a Hong Kong Maritime & Port Development Board will be established this year to support research, industry promotion and manpower training. In addition, he said a half-rate tax concession for eligible commodity traders will be introduced.

    With regard to logistics development, the finance chief said the Government has initiated a study on developing modern logistics sites in the Northern Metropolis and expects that its findings will be announced this year.

    Meanwhile, with a view to developing a smart port, $215 million has been allocated to installing a port community system that will encourage the flow of data among stakeholders in the maritime, port and logistics industries. 

    In relation to the Government’s plans to bolster Hong Kong’s reputation as an international aviation hub, Mr Chan said the Three-Runway System at Hong Kong International Airport was commissioned at the end of last year and that related passenger facilities will become operational in phases from the end of this year.

    He also highlighted that the Airport Authority (AA) recently promulgated a development plan for the expansion of Airport City, and revealed that the Hong Kong International Aviation Academy will expand its training programmes to cover C919 aircraft following their official deployment in scheduled flights between Hong Kong and Shanghai in January.

    Mr Chan added that the AA has signed a Memorandum of Understanding with a leading overseas professional aeronautic services company to explore the possibility of providing professional services such as aircraft dismantling, parts recycling and related training in Hong Kong.

    MIL OSI Asia Pacific News

  • MIL-OSI Economics: Inari Medical acquisition could provide Stryker with foothold in peripheral vascular market, says GlobalData

    Source: GlobalData

    Inari Medical acquisition could provide Stryker with foothold in peripheral vascular market, says GlobalData

    Posted in Medical Devices

    Stryker recently announced the completion of the acquisition of Inari Medical, a medical device company specializing in treatment for venous thromboembolism, for $4.9 billion. Acquiring Inari’s portfolio of venous thrombectomy devices could enable Stryker to gain a foothold in the rapidly growing peripheral vascular device market, says GlobalData, a leading data and analytics company.

    Inari Medical’s portfolio of devices includes the FlowTriever and ClotTriever systems, which are used to treat pulmonary embolism and deep vein thrombosis, respectively. Both systems utilize a minimally invasive procedure to find and remove these clots from the body. These devices compete with other major cardiovascular device manufacturers, including Boston Scientific, Terumo, and Penumbra.

    David Beauchamp, Medical Analyst at GlobalData, comments: “With the rising rates of peripheral artery diseases worldwide, including deep vein thrombosis and complications such as pulmonary embolism, this acquisition is likely to strengthen Stryker’s position in the overall cardiovascular device market.”

    According to the GlobalData Medical Intelligence Center, the worldwide thrombectomy device market was worth $2.96 billion in 2024 and is set to register a compound annual growth rate (CAGR) of 5.48% from 2024 to 2034. In the US alone, the thrombectomy market was valued at $1.18 billion and is projected to record a CAGR of 3.38% during the same period. The largest companies in the market include Boston Scientific, Teleflex, and Inari Medical. With the backing of Stryker, it is possible that Inari Medical will see greater success in the thrombectomy device market.

    Beauchamp concludes: “As the acquisition of Inari Medical has been finalized, Stryker is now poised to break into the lucrative peripheral vascular device market. Inari’s expertise in thrombectomy devices, combined with Stryker’s existing distribution and logistics network, could result in an improvement in both volume and procedure quality for those suffering from deep vein thrombosis and other clot-related cardiovascular diseases.”

    MIL OSI Economics

  • MIL-OSI Economics: Germany card payments market to surpass $850 billion in 2029, forecasts GlobalData

    Source: GlobalData

    Germany card payments market to surpass $850 billion in 2029, forecasts GlobalData

    Posted in Banking

    The Germany card payments market is forecast to register a compound annual growth rate (CAGR) of 5.9% between 2025 and 2029 to reach EUR788.1 billion ($852.1 billion) in 2029, supported by a constant consumer shift towards electronic payments, according to GlobalData, a leading data and analytics company.

    GlobalData’s report, “Germany Cards and Payments – Opportunities and Risks,” reveals that card payment value in Germany registered a growth of 11.2% in 2023, driven by the rise in consumer spending. The value grew further to register an estimated growth of 6.4% to reach EUR 574.6 billion ($621.3 billion) in 2024.

    Ravi Sharma, Lead Banking and Payments Analyst at GlobalData, comments: “Germany’s payment card market is experiencing rapid growth, with a decline in cash usage. It is expected to continue expanding in 2025, driven by factors such as a 100% adult banked population, the convenience of electronic payments, improving payment infrastructure, the increasing preference for contactless payments, and the growth in e-commerce payments.”

    Debit cards are the most popular card type in Germany, accounting for a significant share of total card payments. While debit cards were traditionally used for cash withdrawals, their usage for payments is gradually increasing. This growth can be attributed to the rising adoption and usage of contactless debit cards, which offer convenience and speed for low-value transactions.

    On the other hand, credit and charge cards have a lower adoption in Germany. This can be attributed to the debt-averse nature of German consumers. However, banks are encouraging the adoption and usage of credit cards by offering value-added benefits such as installment facilities, reward points, and discounts at partner retailers.

    Despite the growth in the payment card market, Germany still has a strong inclination towards cash usage. However, the EU-wide interchange fee regulation, the growth of contactless payments, the emergence of digital-only banks, and a robust e-commerce market have contributed to a gradual increase in payment card usage.

    Banks and payment companies are also focusing on expanding payment infrastructure to encourage businesses to go digital. As of July 2024, there were 3.1 million SMEs operating in the country—accounting for 99.4% of German firms. To serve them, POS providers offer low-cost mobile POS (mPOS) solutions. For example, Worldline subsidiary PAYONE offers Tap On Mobile, which enables merchants to convert Android-based mobile devices into POS terminals to accept payment via cards and mobile wallets.

    Sharma concludes: “Looking ahead, a continued growth in the total card payments is expected to expand in Germany by 9% in 2025. The key drivers of this growth include the ongoing efforts to promote electronic payments, the expansion of the e-commerce market, and the availability of value-added benefits for cardholders. However, ongoing geopolitical uncertainty and economic slowdown will remain challenges.”

    MIL OSI Economics

  • MIL-OSI China: MOFA and MOHW jointly form Taiwan public healthcare team to boost export of smart medical care

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    February 14, 2025  

    No. 039  

    Minister of Foreign Affairs Lin Chia-lung and Minister of Health and Welfare Chiu Tai-yuan convened a meeting at the Ministry of Foreign Affairs on February 14. A decision was made to form a cross-ministerial consultation task force and to invite medical institutions, healthcare businesses, industrial associations, and other experts that often participate in international cooperation projects to organize a Taiwan public healthcare team in conjunction with staff of the Ministry of Foreign Affairs (MOFA) and the Ministry of Health and Welfare (MOHW). By integrating public and private sector resources and harnessing the spirit of integrated diplomacy, the team will jointly implement a flagship initiative on smart medicine and healthcare as part of the Diplomatic Allies Prosperity Project, deepening Taiwan’s public health and medical cooperation with allies and other friendly countries.

     

    As the first leader of Taiwan to hail from the field of medicine, President Lai Ching-te has drawn on his medical expertise and background to commit to growing Taiwan’s leading status in global healthcare. During his 2024 tour of the South Pacific, entitled “Smart and Sustainable Development for a Prosperous Austronesian Region,” President Lai bolstered cooperation with other countries through medical diplomacy, highlighting Taiwan’s contributions to global healthcare development.

     

    Minister Lin and Minister Chiu expressed their hope of leveraging Taiwan’s competitiveness in public health and medical care to further enhance partnerships with diplomatic allies and other friendly countries. This would involve combining the strengths that Taiwan had developed in biotechnology, medicine, pharmaceuticals, and ICT over the years under the Five Plus Two Innovative Industries and Six Core Strategic Industries programs implemented by former President Tsai Ing-wen. The ministers said they wanted the healthy Taiwan envisioned by President Lai to benefit the world while also assisting related Taiwanese industries to expand into overseas markets.

     

    Minister Lin invited Minister Chiu and MOHW staff to attend today’s meeting at MOFA to discuss ways of sharing Taiwan’s public health experience and smart medical solutions with allies and other friendly countries through a smart healthcare cooperation program. Both parties agreed that human resources, technology, and capital should serve together as the three pillars for expediting the export of comprehensive smart medical care and health systems. They said that this would effectively assist allies in increasing healthcare capacity, as well as raise the efficiency of public health management, enhance people’s well-being, and advance local prosperity. They also said that by employing a model that uses medicine to steer a path for industry, they looked forward to helping create business opportunities for Taiwan’s smart healthcare sector and promoting further development in the global healthcare industry.

     

    In addition, the ministers reviewed the highlights and successful results of Taiwan’s public health and medical care cooperation projects. One example was an initiative to enhance Paraguay’s health information management system, which had successfully laid the foundation for healthcare digitalization and would continue to be optimized and serve as a demonstration point for Taiwan’s smart healthcare projects in South America. Elsewhere, they said, a smart healthcare collaboration project between Taiwan and Belau National Hospital in Palau would continue to expand so as to increase Palau’s public health capacity. Views were also exchanged as to strengthening business participation mechanisms and improving the outcome of Taiwan’s joint endeavors with Guatemala, Saint Christopher and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Eswatini, and other allies.

     

    During the meeting, Minister Lin pointed out that Taiwan’s medical assistance to allies could also benefit Taiwanese people. Citing his delegation’s involvement in a car accident that took place during his recent trip to Palau as President Lai’s special envoy, Minister Lin said that injured MOFA colleagues had been able to receive timely professional care and return safely to Taiwan due to the medical services provided in Palau by Shin Kong Wu Ho-Su Memorial Hospital. He said this amply demonstrated the common good and value inherent in international medical cooperation.

     

    In the future, MOFA and the MOHW will continue to work hand in hand with partners worldwide to deepen healthcare cooperation and make greater contributions to global public health and smart healthcare development based on the vision of a healthy Taiwan. They will also take joint steps to expand the presence of related Taiwanese industries in the international market and transform Taiwan into an economy on which the sun never sets. (E)

    MIL OSI China News

  • MIL-OSI Asia-Pac: Tech park development expedited

    Source: Hong Kong Information Services

    Outlining the industries and spatial distribution of the Northern Metropolis, Financial Secretary Paul Chan said in the 2025-26 Budget that the four major trades there include information and technology (I&T); high-end professional services and modern logistics; tertiary education; and culture, sports and tourism.

    As for the Northern Metropolis’ development approach, Mr Chan said the Government is piloting a “large-scale land disposal”.

    “We are inviting the market to submit expressions of interest for three pilot areas under ‘large-scale land disposal’, with the target of commencing tendering progressively from the second half of this year.”

    The Hetao Shenzhen-Hong Kong Science & Technology Innovation Co-operation Zone, a highlight of the Northern Metropolis, will have its Hong Kong Park entering into the operation phase in 2025, Mr Chan noted.

    Specifically, the first three buildings of Phase 1 are about to be completed, and the first batch of tenants from life and health technology, artificial intelligence, data science and other pillar industries will begin to move in this year.

    In this connection, the finance chief announced that the Government has earmarked $3.7 billion to expedite the provision of infrastructure and public facilities of the Phase 1 development of the Hong Kong Park. Moreover, the Government will identify suitable land parcels for invitation of private development proposals this year, with a view to expediting the development by leveraging market forces.

    “Upon completion of the whole Hong Kong Park, its annual contribution to Hong Kong’s economy is expected to reach $52 billion, and about 52,000 job opportunities will be created.”

    Mr Chan remarked that the Hong Kong Park of the Hetao co-operation zone, together with San Tin Technopole, will provide large tracts of I&T land. In the San Tin Technopole, 20 hectares of land will be delivered in phases, starting from 2026-27, for development and operation by the Hong Kong Science & Technology Parks Corporation. The corporation is carrying out a master planning study, which is expected to be completed in the third quarter of this year.

    In addition, the Government has commenced the procedures to re-zone a 10-hectare site at Sandy Ridge in the North District for use as data centres. The re-zoning procedures are expected to finish in mid-2025, and the Government is actively making preparations for land disposal.

    The Budget also mentioned that there will be considerable output in residential units and industrial land in the Northern Metropolis over the next few years.

    Recalling that the Government has started  three major projects on second phase development for the Hung Shui Kiu/Ha Tsuen New Development Area, the remaining phase development of Kwu Tung North/Fanling North New Development Area, and the site formation and engineering infrastructure works for the first batch of land in the San Tin Technopole, Mr Chan further updated the land development progress in the Northern Metropolis in this year’s Budget.

    “This year, we will start the works of Yuen Long South New Development Area second phase development, complete the re-zoning procedures for a data park site in Sandy Ridge, and finalise land use proposals for Ngau Tam Mei as well as New Territories North New Town and Ma Tso Lung this year for commencing the environmental impact assessments and other statutory procedures.”

    The Government will also identify suitable sites in the Northern Metropolis for constructing facilities to meet conference and exhibition needs.

    As regards railway development in relation to the Northern Metropolis, the finance chief said the construction works of Phase 1 of the Northern Link, ie Kwu Tung Station, have begun for target completion in 2027.

    Meanwhile, the advance works for Phase 2 have also commenced, in order to tie in with the Northern Link Main Line’s target completion in 2034.

    Mr Chan stated that Hong Kong is also working with the Shenzhen authorities to take forward two cross boundary railway projects.

    “The investigation and design study of the Hong Kong Shenzhen Western Rail Link (Hung Shui Kiu – Qianhai) project and the detailed planning and design of the Northern Link Spur Line are expected to commence this year,” he added.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: MOFA and MOHW jointly form Taiwan public healthcare team to boost export of smart medical care

    Source: Republic of China Taiwan 3

    February 14, 2025  
    No. 039  

    Minister of Foreign Affairs Lin Chia-lung and Minister of Health and Welfare Chiu Tai-yuan convened a meeting at the Ministry of Foreign Affairs on February 14. A decision was made to form a cross-ministerial consultation task force and to invite medical institutions, healthcare businesses, industrial associations, and other experts that often participate in international cooperation projects to organize a Taiwan public healthcare team in conjunction with staff of the Ministry of Foreign Affairs (MOFA) and the Ministry of Health and Welfare (MOHW). By integrating public and private sector resources and harnessing the spirit of integrated diplomacy, the team will jointly implement a flagship initiative on smart medicine and healthcare as part of the Diplomatic Allies Prosperity Project, deepening Taiwan’s public health and medical cooperation with allies and other friendly countries.
     
    As the first leader of Taiwan to hail from the field of medicine, President Lai Ching-te has drawn on his medical expertise and background to commit to growing Taiwan’s leading status in global healthcare. During his 2024 tour of the South Pacific, entitled “Smart and Sustainable Development for a Prosperous Austronesian Region,” President Lai bolstered cooperation with other countries through medical diplomacy, highlighting Taiwan’s contributions to global healthcare development.
     
    Minister Lin and Minister Chiu expressed their hope of leveraging Taiwan’s competitiveness in public health and medical care to further enhance partnerships with diplomatic allies and other friendly countries. This would involve combining the strengths that Taiwan had developed in biotechnology, medicine, pharmaceuticals, and ICT over the years under the Five Plus Two Innovative Industries and Six Core Strategic Industries programs implemented by former President Tsai Ing-wen. The ministers said they wanted the healthy Taiwan envisioned by President Lai to benefit the world while also assisting related Taiwanese industries to expand into overseas markets.
     
    Minister Lin invited Minister Chiu and MOHW staff to attend today’s meeting at MOFA to discuss ways of sharing Taiwan’s public health experience and smart medical solutions with allies and other friendly countries through a smart healthcare cooperation program. Both parties agreed that human resources, technology, and capital should serve together as the three pillars for expediting the export of comprehensive smart medical care and health systems. They said that this would effectively assist allies in increasing healthcare capacity, as well as raise the efficiency of public health management, enhance people’s well-being, and advance local prosperity. They also said that by employing a model that uses medicine to steer a path for industry, they looked forward to helping create business opportunities for Taiwan’s smart healthcare sector and promoting further development in the global healthcare industry.
     
    In addition, the ministers reviewed the highlights and successful results of Taiwan’s public health and medical care cooperation projects. One example was an initiative to enhance Paraguay’s health information management system, which had successfully laid the foundation for healthcare digitalization and would continue to be optimized and serve as a demonstration point for Taiwan’s smart healthcare projects in South America. Elsewhere, they said, a smart healthcare collaboration project between Taiwan and Belau National Hospital in Palau would continue to expand so as to increase Palau’s public health capacity. Views were also exchanged as to strengthening business participation mechanisms and improving the outcome of Taiwan’s joint endeavors with Guatemala, Saint Christopher and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Eswatini, and other allies.
     
    During the meeting, Minister Lin pointed out that Taiwan’s medical assistance to allies could also benefit Taiwanese people. Citing his delegation’s involvement in a car accident that took place during his recent trip to Palau as President Lai’s special envoy, Minister Lin said that injured MOFA colleagues had been able to receive timely professional care and return safely to Taiwan due to the medical services provided in Palau by Shin Kong Wu Ho-Su Memorial Hospital. He said this amply demonstrated the common good and value inherent in international medical cooperation.
     
    In the future, MOFA and the MOHW will continue to work hand in hand with partners worldwide to deepen healthcare cooperation and make greater contributions to global public health and smart healthcare development based on the vision of a healthy Taiwan. They will also take joint steps to expand the presence of related Taiwanese industries in the international market and transform Taiwan into an economy on which the sun never sets. (E)

    MIL OSI Asia Pacific News

  • MIL-OSI Economics: Cardiol’s CRD-38 holds potential to differentiate in HF space, says GlobalData

    Source: GlobalData

    Cardiol’s CRD-38 holds potential to differentiate in HF space, says GlobalData

    Posted in Pharma

    Cardiol Therapeutics recently announced positive data on the use of CRD-38 (cannabidiol) in the Journal of the American College of Cardiology, highlighting that it improved cardiac function and reduced cardiac hypertrophy, remodeling, inflammation, and cell death. The data indicates that CRD-38 potentially fills an unmet need in the heart failure (HF) space as it has an alternate mechanism of action to current marketed therapies, says GlobalData, a leading data and analytics company.

    CRD-38 acts as an agonist to cannabinoid receptors CB1 and CB2. The cannabidiol moiety of the drug shows anti-inflammatory activity and the organic nitrates exhibit a direct relaxant effect on vascular smooth muscles, which leads to dilation of coronary vessels, improves oxygen supply to the myocardium, and elicits therapeutic activity. The journal included results from multiple models of HF. In a mouse model of HF, subcutaneous administration of CRD-38 resulted in reduced cardiac fibrosis and hypertrophy, and improved ejection fraction and cardiac output.

    Kajal Jaddoo, Senior Pharma Analyst at GlobalData, comments: “Key opinion leaders (KOLs) interviewed by GlobalData have emphasized that physicians would be more open to subcutaneous therapies because they are not looking to add another pill to patients’ treatment regimens.”

    According to GlobalData’s Pharma Intelligence Center Drug Database, Cardiol has one other drug in active development, CardiolRx (cannabidiol 1) in Phase II for multiple indications.

    Jaddoo concludes: “The aging global population and the prolongation of the lives of cardiac patients by modern therapeutic innovations has led to increased prevalence of HF. Moreover, several diseases such as hypertension, obesity, and diabetes greatly increase the risk for HF. This illustrates how vital, and potentially lucrative, the HF arena is for drug discovery.”

    MIL OSI Economics

  • MIL-OSI United Kingdom: Scottish Greens call for cross-party support for cutting rail fares

    Source: Scottish Greens

    It’s time to scrap peak rail fares.

    The Scottish Greens’ transport spokesperson, Mark Ruskell MSP, is urging all MSP’s to back his party’s call for cheaper, accessible rail travel ahead of today’s Holyrood debate.

    This afternoon the party will use opposition debate time to bring forward a vote on halting the above inflation rail fare hikes coming in April and permanently removing peak rail fares.

    While in government, the party secured a scheme to remove peak fares for 12 months, but this was reintroduced last year by the SNP.

    Mr Ruskell said:

    “I hope that MSP’s from all parties will join us today in voting to lower costs for commuters and end peak rail fares for good.

    “Households and families across Scotland deserve affordable, accessible rail, especially when so many people are struggling financially.

    “Our rail fares are among the highest in Europe. ScotRail is rightfully publicly owned, but the extortionate prices that people are being made to pay totally defeats the purpose.

    “Peak rail fares are fundamentally unfair, particularly when most people have no say on when they travel to work or to study. Ending them for good will make the services more affordable and accessible for all.

    “It will encourage people to leave their cars at home, making our roads safer for walking, wheeling and cycling while utilising the most sustainable way to travel across our country.

    “Cleaner, greener and affordable public transport is a way for us to put our best foot forward for people and planet, and I hope that MSPs will embrace it today.”

    MIL OSI United Kingdom

  • MIL-Evening Report: View from The Hill: the mud flies, but will the voters take much notice?

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

    In these scrappy days before the prime minister announces the election date, the mud and the personal insults are flying, despite the politicians knowing voters hate this sort of thing.

    On Wednesday morning TV, shadow finance minister Jane Hume, usually reasonably restrained with her language, called Employment Minister Murray Watt “king grub” of the “grubbiest people you will ever come across” – a reference to Labor’s pursuit of Peter Dutton’s past share trading. As Watt remarked, “That’s quite an accusation”.

    Hume was later on the warpath in a Senate estimates hearing, where Treasury Secretary Steven Kennedy fended off an opposition attack suggesting, in essence, that Treasurer Jim Chalmers had sought to make Treasury his political pawn.

    Dutton spent most of his Wednesday news conference pushing back on attacks on his integrity relating to his purchase of bank shares during the global financial crisis, and dealing with questions about his acquisition of an extensive property portfolio over decades.

    What the opposition dubs Labor’s “dirt unit” apparently drove the share story. The core of it is that Dutton bought bank shares just before the Rudd government announced its guarantee to ensure the financial security of the banks.

    Labor demanded to know whether Dutton had insider knowledge of the imminent guarantee through a Rudd government briefing of the opposition. Dutton, who declared the share purchase, says he had no information other than what was in the public domain.

    The story about Dutton’s property portfolio – which he has unloaded, no doubt as part of preparations in pursuit of the prime ministership – ran in Nine media. The report said

    Peter Dutton has made $30 million of property transactions across 26 pieces of real estate over 35 years, making him one of the country’s wealthiest-ever contenders for prime minister.

    Dutton was late with declaring on the parliamentary register some of the transactions.

    Nine says the story didn’t come from a Labor “dirt unit”, but it was grist for an embattled government.

    Dirt digging, mud throwing, and exploitation of the politics of envy are recurring features of election campaigns. Whether they’ll have much resonance this time is doubtful.

    The share story, going back the best part of a couple of decades, doesn’t sound like a smoking gun. We’ve heard about Dutton’s property buying before. We know he has plenty of money. Not as much, of course, as earlier PMs Malcolm Turnbull and Kevin Rudd.

    Dutton, working on the assumption these stories will be brief wonders, kept his cool.

    He hasn’t provided more details about the bank shares, relying on a general response that everything had been above board. On his property purchases, he made it clear he’s proud of his climb up the aspirational ladder since he was a “butcher’s boy” in those days when he had a job in a butcher’s shop.

    For Dutton, the mud is all in a day’s work. The attack on Kennedy is in a rather different category.

    In the run-up to an election, Treasury often finds itself in a awkward position, as a government seeks to use it, while an opposition objects. This time, Chalmers employed it to discredit the opposition’s policy to give a tax break to small businesses for taking their workers or clients to a meal.

    Treasury doesn’t cost opposition policies. So the government asked it to cost a theoretical policy that was similar to that of the Coalition. Perhaps unsurprisingly, Treasury came up with a much bigger cost than the opposition said was produced by the Parliamentary Budget Office.

    Kennedy insisted to the Senate hearing, “we do not act politically”.

    “I have behaved no differently with this government, nor have I observed the department’s behaving any differently,” he said. “I understand how the circumstances might lead you to question that, but all I can do is assure you that that has not been the case.”

    If Dutton became prime minister, would Kennedy’s position be at risk?

    It shouldn’t be. Kennedy, appointed by the Coalition, served the previous Liberal government very well and was a key figure in its ambitious economic response to the COVID pandemic. That response kept many people in jobs and the economy out of recession.

    While Kennedy was taking the flak in estimates, Chalmers had been in Washington making Australia’s case for an exemption of the Trump aluminium and steel tariffs.

    Chalmers’s visit was timely and carefully managed. The treasurer said before he left Australia he wouldn’t obtain an outcome on tariffs – it was about making Australia’s case. So when there was not an outcome, it was not a disappointment. “My task here in DC wasn’t to try and conclude that discussion, it was to try and inform it,” Chalmers told a news conference after his talks.

    Chalmers spent time with US Treasury Secretary Scott Bessent and National Economic Council Director Kevin Hassett. He said the discussion was “wider-ranging than just steel and aluminium”. Bessent also was a speaker at the superannuation summit held at the Australian embassy (a coup for ambassador Kevin Rudd as well as Chalmers).

    In his 2023 Monthly essay, Chalmers argued for the super funds to invest more widely in Australia, notably in social housing.

    At the embassy conference, Chalmers was able to look to a much wider horizon for the funds.

    The current value of Australian super fund investments in the US is around $400 billion – due to reach $1 trillion over the next decade. So, Australia’s superannuation sector has the size, scale and presence to play a big role in driving new American industries and creating jobs.

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

    ref. View from The Hill: the mud flies, but will the voters take much notice? – https://theconversation.com/view-from-the-hill-the-mud-flies-but-will-the-voters-take-much-notice-250897

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI New Zealand: First Responders – Waipoua River Fire

    Source: Fire and Emergency New Zealand

    This afternoon Fire and Emergency was alerted to a vegetation fire at Waipoua River in the Kaipara region of Northland.
    The fire has grown to 70 hectares with a 4 kilometre perimeter and is expected to grow.
    We have multiple ground crews and 7 helicopters fighting the fire. 3 additional helicopters will be arriving tomorrow from as far away as Taupo.
    Police are assisting with evacuating dwellings in the Waipoua River Road area. Structures are at risk but no structures have been lost.
    This is likely to be a long duration event.
    Fire and Emergency will continue attacking the fire until nightfall and will remain on site for observation overnight.
    Helicopters and ground crews will ramp up activities at first light tomorrow and truck movement can be expected on the roads.

    MIL OSI New Zealand News

  • MIL-OSI: Share buyback

    Source: GlobeNewswire (MIL-OSI)

    Company Announcement No 06/2025

    Peberlyk 4
    6200 Aabenraa, Denmark

    Tel +45 74 37 37 37
    Fax +45 74 37 35 36

    Sydbank A/S
    CVR No DK 12626509, Aabenraa
    sydbank.dk

    26 February 2025  

    Dear Sirs

    Share buyback

    The Board of Directors has decided to implement a share buyback programme of DKK 1,350 million, however not exceeding 5,400,000 million shares. The purpose of the share buyback is to reduce the Bank’s share capital with the shares purchased under the programme.

    At the general meeting of Sydbank A/S held on 21 March 2024 the Board of Directors was most recently authorised to allow the Bank to acquire own shares at a total value of up to 10% of the Bank’s share capital.

    The price paid for shares may not differ by more than 10% from the price quoted on Nasdaq Copenhagen A/S at the time of purchase.

    The share buyback is part of the adjustment to optimise the capital structure in accordance with the Bank’s capital targets and capital policy. At 31 December 2024 Sydbank’s CET1 ratio stood at 17.8% and its capital ratio stood at 21.7%.

    The share buyback programme will be initiated on Monday 3 March 2025 and will be completed by 31 January 2026.

    Sydbank has chosen Danske Bank A/S to manage the share buyback programme which will be executed in compliance with Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, referred to as the Safe Harbour rules.

    The share buyback programme will be subject to the following guidelines:

    • Shares may not be purchased at a price higher than the higher of the following prices:

    I. the price of the last independent trade
    II. the highest current independent purchase bid on the trading venue where the purchase is carried out, including when the shares are traded on different trading venues.

    • Purchases on any trading day must not exceed 25% of the average daily volume of the shares in the preceding 20 trading days on the trading venue on which the purchase is carried out.

    On the first banking day of each week Sydbank will state the number and value of repurchased shares in a company announcement.

    Sydbank may suspend or end the share buyback programme at any time. In such case this will be announced in a company announcement.

    On 23 January 2025 Sydbank’s share buyback programme of DKK 1,200m was completed. The share buyback programme was launched on 4 March 2024 and Sydbank purchased 3,383,960 shares within the programme. At 24 February 2025 Sydbank owned a total of 3,384,960 own shares, equal to approx 6.2% of the Bank’s share capital. The Board of Directors recommends to the AGM to be held on 20 March 2025 that the Bank’s share capital be reduced by DKK 33,839,000 to DKK 512,044,600.

    Yours sincerely

                    
    Mark Luscombe        Jørn Adam Møller
    CEO        Deputy Group Chief Executive        

    Attachment

    The MIL Network

  • MIL-OSI Russia: Key trends and interview rehearsal: Technograd to host career consultation day

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    Muscovites who want to develop their careers, improve their professional skills or find their dream job are invited to a career consultation day at the Technograd Innovation and Educational Complex at VDNKh. Participants will be given lectures, workshops and personal consultations with experts who will help them better navigate modern labor market trends and adapt their career goals.

    The Career Consultation Day will take place on March 1 at the Art. Technograd pavilion at VDNKh, located at 119 Mira Avenue, Building 63. Participation is free, but is required. pre-registration. The number of seats is limited. The event is organized by the career development center of the ANO “Development of Human Capital” of the capital Department of Entrepreneurship and Innovative Development.

    Learn about modern challenges

    The event will begin with a lecture on the situation on the labor market. At 11:00, the expert will present key trends, talk about challenges for managers and the importance of developing soft skills.

    At 11:30 a.m. there will be a session called “Job Search for Managers. How to Overcome Competition in the Labor Market?” Participants will learn about modern challenges in the management personnel market, the role of a personal brand, effective search strategies, and methods for successfully passing interviews for management positions.

    At 12:40, the expert will consider the legal aspects of employment using real cases from practice. And at 14:00, visitors will find out whether it is worth trusting artificial intelligence when searching for vacancies. The lecture will tell how smart algorithms affect job search, whether it is possible to entrust a neural network with creating an ideal resume, and how to effectively combine artificial intelligence with human skills.

    At 15:10, there will be a lecture for students and graduates of higher education institutions, dedicated to the first steps on the professional path: how and when to start looking for a job, what to indicate in a resume for a specialist without work experience, how to write a strong cover letter and choose the most promising among several offers. The expert will demonstrate options for templates of successful resumes for students, and also share personal experience: he will tell who is chosen for an internship or first job.

    The theoretical part will be concluded by the session “What problems arise when looking for a job and how to deal with them?” Here visitors will learn what difficulties job seekers may encounter and how to overcome them. Starts at 16:10.

    Rehearse the interview

    In parallel, trainings will be held at the site. At 11:30, the training “Looking for your strengths” will begin. An expert will teach you how to identify personal abilities that will help in building a career trajectory and allow you to present yourself to an employer.

    From 2:00 PM to 4:00 PM, participants will attend the training “Big Interview Rehearsal”, which will help them confidently pass an interview with an employer. The expert will tell why recruiters ask difficult questions and how to find an answer that will reveal the applicant’s abilities. Visitors will work on self-presentation skills and learn to understand their internal state, which affects their behavior during an interview. Together with the expert, the guests will make a list of questions to ask the employer.

    Individual career consultations will be available from 13:00 to 17:00. 15 experts will discuss pressing issues with those interested: career transitions, changing employers, finding a vacancy for a recent graduate or a specialist over 45, going into entrepreneurship, methods for increasing salaries and other topics. To register for a consultation, you must get a free ticket from 10:30 to 11:00 at the registration desk. The consultation lasts 30 minutes and will be available to 70 participants.

    A detailed schedule and registration forms for lectures and workshops can be found on the website “Technograd”.

    The project is supervised by the ANO “Development of Human Capital”, subordinate to the capital Department of Entrepreneurship and Innovative Development.

    Practice is a priority: how Technograd trains IT specialistsThe number of graduates of courses and trainings at Technograd at VDNKh has doubled

    Innovative and educational complex “Technograd”— a center for professional training and retraining. Here, Muscovites can acquire new knowledge and master applied skills in in-demand specialties. The Career Development Center is one of the areas of activity of Technograd. Its specialists help in finding professions in accordance with the individual characteristics of applicants, in career planning and training.

    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 access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/150572073/

    MIL OSI Russia News

  • MIL-OSI Russia: Investors will be able to purchase a historic building in the Basmanny district

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    In Basmanny district put up for auction historical building area of more than 300 square meters. This was reported by the Minister of the Moscow Government, the head of the capital’s Department of City Property Maxim Gaman.

    “Buying historical buildings in various districts of Moscow and adapting them for modern use gives investors the opportunity to implement various business ideas. For example, they can house a mini-hotel or a restaurant with signature cuisine. Thus, in the Basmanny district, an identified cultural heritage site with an area of over 300 square meters is being put up for open auction. The new owners will have to restore the 19th century building, after which they will be able to open various businesses in it,” said Maxim Gaman.

    The cultural heritage site “Main House of the City Estate (wooden) with a stone vaulted semi-basement, 1807-1810, 1819-1821 and 1879, architect P.G. Ponomarev” is located on Staraya Basmannaya Street (house 32) among historical buildings. The building is under the jurisdiction of City Property Management Center.

    “The property is located in the Basmanny district of the capital with high pedestrian traffic and developed infrastructure. The Baumanskaya metro station and the N.E. Bauman Garden are nearby. Anyone can take part in the auction. The main thing is to register on the trading platform, obtain an enhanced electronic signature and submit an application for the auction,” said Dmitry Ryabov, General Director of the City Property Management Center.

    Applications for participation in the auction will be accepted until March 3. The auction itself is scheduled for March 13. To take part in the auction, you must register onelectronic trading platform and have an enhanced qualified signature. The organizer of the auction is Moscow City Department of Competition Policy. You can find out more about this and other lots, conditions of participation and relevant documentation on the Moscow investment portal.

    The development of electronic services for entrepreneurs is being implemented within the framework of the national project “Data Economy”.

    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 access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/150585073/

    MIL OSI Russia News

  • MIL-OSI Russia: “Active Citizens” to Choose Name for Moscow Zoo Alpaca

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    In the project “Active Citizen” it has begun vote, the participants of which will choose a name for the new inhabitant of the Moscow Zoo – a snow-white male alpaca.

    Zoologists have suggested six options. Some of them are inspired by the Inca culture, which domesticated these animals about six thousand years ago. One of them is Inti, the name of the mythological god of the Sun. It symbolizes the warmth and fluffy wool of the alpaca, which warms like the sun’s rays.

    Another name, Pacha, translates as “Universe” and emphasizes the uniqueness of each living being. Another option is Cusco, named after the capital of the ancient Inca Empire.

    The name Zephyr conveys the soft and affectionate nature of the alpaca. In addition, he can be called Vatny Puffik in honor of his parents – mom Vatny and dad Puffik. And due to the light color of the fur, the male may be suited to the name Albert, which comes from the Latin word albus, which translates as “white”.

    The alpaca was born in the fall of 2023 in the center for the reproduction of rare animal species near Volokolamsk, becoming the firstborn in its family. At the end of last year he was transported to the children’s zoo, where he became friends with a chocolate-colored female named Zarina. They now share an enclosure and may form a couple in the future.

    The young friendly male also met other inhabitants of the zoo: Border Leicester and Ouessant sheep, Cameroon goats and a Scottish bull named Gavryusha.

    New voting organized by the capital Department of Culture and the project “Active Citizen”With its help, city residents have already chosen names for many animals, including the Malayan bears Masha, Luchik and Zvezdochka, the dolphin Lucky, the panda Katyusha and the tiger Amur.

    Luchik, Zvezdochka and Masha: “active citizens” named Malayan bear cubs from Moscow ZooHello, Lucky: “Active Citizens” Chose a Name for a Baby Dolphin from MoskvariumSobyanin: Muscovites have chosen a name for the panda cub from the capital’s zoo

    Project “Active Citizen” has been operating since 2014. During this time, more than seven million people have joined it, and more than seven thousand votes have been held. Every month, 30–40 decisions made by Muscovites are implemented in the city. The project is being developed by the capital Department of Information Technology and the State Institution “New Management Technologies”.

    The creation, development and operation of the e-government infrastructure, including the provision of mass socially significant services, as well as other services in electronic form, correspond to the objectives of the national project “Data Economy and Digital Transformation of the State” and the Moscow regional project “Digital Public Administration”.

    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 access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/150586073/

    MIL OSI Russia News

  • MIL-OSI Economics: APEC 2025: Korea Advances Regional Trade, AI, and Sustainability Agenda Gyeongju, Republic of Korea | 26 February 2025 Issued by the APEC Secretariat Korea kicks off its APEC 2025 host year in Gyeongju, a historic city home to numerous UNESCO World Heritage sites.

    Source: APEC – Asia Pacific Economic Cooperation

    Korea kicks off its APEC 2025 host year in Gyeongju, a historic city home to numerous UNESCO World Heritage sites. It brings together delegates from 21 economies to set the stage for a year of policy deliberations and cooperation on trade, digital transformation and sustainability.

    Against a backdrop of global economic uncertainty, this first set of meetings taking place from 24 February to 9 March, will serve as the launchpad for Korea’s forward-looking agenda — one that seeks to enhance regional connectivity, harness AI-driven growth, and accelerate the transition to a more resilient and prosperous Asia-Pacific.

    Under the overarching theme of “Building a Sustainable Tomorrow,” APEC 2025 will focus on three key priorities: Connect, Innovate, and Prosper. These pillars reflect APEC’s commitment to developing practical policies to support a resilient and interconnected future.

    “The Asia-Pacific is navigating complex challenges — supply chain disruptions, the impact of artificial intelligence on jobs and industries, and fundamental changes in the demographic landscape,” said Ambassador Yoon Seong-mee, Chair of the 2025 APEC Senior Officials’ Meeting.

    “Through APEC, we have a unique opportunity to strengthen trade and investment flows, promote resilience in supply chains, and foster innovation that is beneficial to everyone,” she added.

    Also read: Building a Sustainable Tomorrow: APEC Returns to Korea After 20 Years

    Once the capital of the ancient Silla Kingdom, Gyeongju has evolved into a dynamic modern city while preserving its rich cultural heritage — making it a fitting venue for these meetings. More than 100 events are set to take place covering issues such as investment, trade facilitation, anti-corruption efforts, energy cooperation, and digital economy policy. The city is anticipating participation from around 1,500 delegates from all around the Asia-Pacific.

    “APEC 2025 is about creating meaningful change,” said Eduardo Pedrosa, Executive Director of the APEC Secretariat. “The discussions and commitments we make this year will shape the region’s ability to tackle global uncertainties and ensure shared prosperity for all.”

    “Korea’s role as host is not just about convening meetings — it is about setting a vision for a resilient, interconnected, and innovative APEC region. We look forward to working with all member economies, businesses, and stakeholders to turn this vision into reality,” Pedrosa added.

    Notable sessions for the meetings in Gyeongju include an exhibitions on customs technologies and green customs initiatives; policy dialogues on AI governance, digital privacy, and cross-border data flows; workshops on carbon-free energy, hydrogen and fuel cell standardization, and clean energy transitions; as well as discussions on financial inclusion, structural reform, and the future of work.

    A press conference is scheduled for Sunday, 9 March, at 13:30 local time at the Gyeongju Hwabaek International Convention Center (HICO), featuring Ambassador Yoon Seong-mee and Eduardo Pedrosa. They will provide a readout on the outcomes of the meetings and outline key priorities and upcoming events for APEC 2025 in the months ahead. The time and venue are subject to change, with updates to be communicated via email and posted on APEC’s social media platforms.

    “We are at a critical juncture for the global economy and Korea is committed to making APEC 2025 a platform for real and measurable progress on economic resilience, digital transformation, and sustainability,” Ambassador Yoon concluded.

    For further details and media inquiries, please contact:  
    [email protected] 
    [email protected]

    MIL OSI Economics

  • MIL-OSI: Notice of Annual General Meeting of Jyske Bank A/S

    Source: GlobeNewswire (MIL-OSI)

    This is to give notice of an Annual General Meeting of Jyske Bank A/S, which will be held on Tuesday 25 March 2025, at 3.00 p.m. at Gl. Skovridergaard, Marienlundsvej 36, DK-8600 Silkeborg

    AGENDA of general meeting:

    a. Report of the Supervisory Board on Jyske Bank’s operations during the preceding year.
    b. Presentation of the annual report for adoption or other resolution as well as resolution as to the application of profit or cover of loss according to the financial statements adopted, including the Supervisory Board’s proposal for payment of dividend.
    c. Presentation of and consultative ballot on the remuneration report.
    d. Determination of remuneration to the Shareholders’ Representatives and the Supervisory Board:
      1 Determination of the remuneration of Shareholders’ Representatives for 2025, cf. Art.15(5) of the Articles of Association.
      2 Determination of the remuneration of Supervisory Board members for 2025, cf. Art.16(9) of the Articles of Association.
    e. Consideration of motion to the effect that the Supervisory Board authorises the Bank to acquire Jyske Bank shares on one or more occasions, until the next annual general meeting, of up to a nominal amount of DKK 64,272,095 and at amounts not deviating by more than 10% from the closing bid price listed on NASDAQ Copenhagen A/S at the time of acquisition.
    f. Motions.
      Motions proposed by the Supervisory Board:
      1 Reduction of Jyske Bank’s nominal share capital by DKK 27,651,180 (corresponding to 2,765,118 shares at a nominal value of DKK 10) from DKK 642,720,950 to DKK 615,069,770. With reference to S.188(1) of the Danish Companies Act we point out that the capital reduction takes place through cancellation of previously acquired own shares acquired by Jyske Bank in accordance with authorisation from members in general meeting. Hence, the capital reduction is spent on payment of capital owners.
    If the motion is adopted, Jyske Bank’s holding of own shares will be reduced by 2,765,118 shares of a nominal value of DKK 10 These shares have been bought back at a total amount of DKK 1,499,999,584 which implies that, apart from the nominal capital reduction, a total amount of DKK 1,472,348,404 has been paid to the capital owners in connection with the buy-backs. The capital reduction takes place at a share premium since it will be at 542.47 for each share of a nominal amount of DKK 10, corresponding to the average price at which the shares have been bought back.

    In consequence of the above, the following amendment to the Articles of Association is proposed:
    Art. 2 to be amended to the effect that Jyske Bank’s nominal share capital be DKK 615,069,770 distributed on 61,506,977 shares.

      2 Amendments to Art. 3(8), Art. 4(2) and (3), Art. 5(1) and (2) and Art. 24(2): “VP Securities Services” to be changed into “VP Securities A/S”.
      3 To replace the existing authorizations in the Articles of Association, the Supervisory Board is authorized to carry out capital increases with and without pre-emption rights and to raise convertible loans with and without pre-emption rights by amending Art. 4(2), (3) and (5), Art. 5(1), (2), (3) and (4) of the Articles of Association. The amendments are considered together and are proposed to be changed to the following wording:
        Art. 4(2): As specified by the Supervisory Board in respect of time and terms and conditions, the share capital can be increased through the subscription of new shares without preferential subscription rights for existing shareholders. The increase may be in one or several issues by not more than a nominal amount of DKK 60 million (6 million shares of a face value of DKK 10). The increase may be effected through cash payment or through acquisition of existing businesses or specific assets. The increase must in every case be effected not below the market price. The increase cannot be effected through part payment. The authorisation will be effective until 1 March 2030.

    The new shares shall when issued and transferred be registered in the names of their holders at VP Securities A/S and in the Bank’s register of shareholders. The new shares are negotiable instruments, and there are no restrictions in their negotiability except for the provisions laid down in Art. 3 of the Articles of Association. Shareholders shall be under no obligation to have their shares redeemed in full or in part.

        Art. 4(3): As specified by the Supervisory Board in respect of time and terms and conditions, the share capital can be increased through the subscription of new shares with preferential subscription rights for existing shareholders. The increase may be in one or several issues by not more than a nominal amount of DKK 120 million (12 million shares of a face value of DKK 10). The increase may be effected through cash payment or in any other manner. The increase may be offered at a favourable price. The increase cannot be effected through part payment. The authorisation will be effective until 1 March 2030.

    The new shares shall when issued and transferred be registered in the names of their holders at VP Securities A/S and in the Bank’s register of shareholders. The new shares are negotiable instruments, and there are no restrictions in their negotiability except for the provisions laid down in Art. 3 of the Articles of Association. Shareholders shall be under no obligation to have their shares redeemed in full or in part.

        Art. 4(5): To be deleted.
        Art. 5(1): The Bank may, following resolution by the Supervisory Board, up to 1 March 2030, on one or more occasions raise loans against bonds or other instruments of debt which bonds or instruments of debt shall entitle the lender to convert his claim into shares (convertible loans) and the Supervisory Board is authorised to carry out the related capital increase. Convertible loans may be raised with a conversion right to a maximum number of shares with a total nominal value corresponding to the maximum nominal amount at the time of raising the convertible loans by which the share capital may be increased using the remaining authorization in Art. 4(3), calculated in relation to the conversion price determined at the time of raising the convertible loans. Exercising the authorisation to increase the share capital in Art. 4(3), will hence reduce the authorisation to raise convertible loans in accordance with this provision. The Bank’s shareholders shall have a preferential subscription right to convertible loans. Where the Supervisory Board decides to raise convertible loans, when exercising the authorization in this provision, the authorisation to increase the share capital, cf. Art. 4(3), shall be considered to be utilised by an amount corresponding to the maximum conversion right. The term allowed for conversion may be fixed at a period exceeding five years after the raising of the convertible loan. For shares which shall be issued on the basis of the convertible loans mentioned in this provision, the Supervisory Board shall decide – with due regard to the time of subscription or utilisation of the conversion right – the time from when such new shares shall carry a right to receive dividend and other terms and conditions of the share issue. Shares issued on the basis of the convertible loans mentioned in this provision cannot be paid in by partial payment, are registered shares and are registered in the name of the holder in VP Securities A/S and the Bank’s register of shareholders upon issuance and transfer. The new shares are negotiable instruments, and the same rules as apply to the existing shares in respect of rights and duties, redeemability and transferability shall apply.
        Art. 5(2): The Bank may, following resolution by the Supervisory Board, up to 1 March 2030, on one or more occasions raise loans against bonds or other instruments of debt which bonds or instruments of debt shall entitle the lender to convert his claim into shares (convertible loans) and the Supervisory Board is authorised to carry out the related capital increase. Convertible loans may be raised with a conversion right to a maximum number of shares with a total nominal value corresponding to the maximum nominal amount at the time of raising the convertible loans by which the share capital may be increased using the remaining authorization in Art. 4(2), calculated in relation to the conversion price determined at the time of raising the convertible loans. Exercising the authorisation to increase the share capital in Art. 4(2), will hence reduce the authorisation to raise convertible loans in accordance with this provision. The Bank’s shareholders shall not have a preferential subscription right to convertible loans which are offered at a subscription price and a conversion price to the effect that the right of conversion corresponds to the market price of the shares at the time the resolution to raise convertible loans by using the authorisation of this provision was passed by the Supervisory Board. The convertible bonds or other instruments of debt may be issued as payment upon the Bank’s acquisition of existing businesses or specific assets corresponding to the value of the convertible bonds or other instruments of debt. Where the Supervisory Board decides to raise convertible loans, when exercising the authorization in this provision, the authorisation to increase the share capital, cf. Art. 4(2), shall be considered to be utilised by an amount corresponding to the maximum conversion right. The term allowed for conversion may be fixed at a period exceeding five years after the raising of the convertible loan. For shares which shall be issued on the basis of the convertible loans mentioned in this provision, the Supervisory Board shall decide – with due regard to the time of subscription or utilisation of the conversion right – the time from when such new shares shall carry a right to receive dividend and other terms and conditions of the share issue. Shares issued on the basis of the convertible loans mentioned in this provision cannot be paid in by partial payment, are registered shares and are registered in the name of the holder in VP Securities A/S and the Bank’s register of shareholders upon issuance and transfer. The new shares are negotiable instruments, and the same rules as apply to the existing shares in respect of rights and duties, redeemability and transferability shall apply.
        Art. 5(3): To be deleted.
        Art. 5(4): To be deleted.
    g. Election of members:
      1 Election of Shareholders’ Representatives, cf. Art. 14(4) of the Articles of Association. The proposed candidates and further information about them are available as from Friday 28 February 2025 at Jyske Bank’s website.
      2 Election of Supervisory Board members, cf. Art. 16(1)(b) of the Articles of Association.
    The Supervisory Board proposes re-election of Lisbeth Holm, CEO, Vejle and Consultant and Professional Board Member, Glenn Söderholm, Vejbystrand (Sweden).
    h. Election of auditors:
      1 The Supervisory Board proposes the re-election of EY Godkendt Revisionspartnerselskab. The motion is in accordance with the recommendation of the Audit Committee to the Supervisory Board. The recommendation of the Audit Committee is free from influence by any third parties and is not – and has not been – subject to any agreement with a third party who in any way limits the appointment of specific auditors or audit firms by members in general meeting.
      2 The Supervisory Board proposes the re-election of EY Godkendt Revisionspartnerselskab for verification of statutory information on sustainability. The motion is in accordance with the recommendation of the Audit Committee to the Supervisory Board. The recommendation of the Audit Committee is free from influence by any third parties and is not – and has not been – subject to any agreement with a third party who in any way limits the appointment of specific auditors or audit firms by members in general meeting.
    i. Any other business.

    Reference to Jyske Bank’s website for further information
    Where in this notice of a General Meeting, reference is made to Jyske Bank’s website for further information, this link can be used: https://jyskebank.com/investorrelations/generalmeetings.

    Adoption of motions – special requirements
    Motions to amend the Bank’s Articles of Association at annual general meetings shall only be adopted where not less than 90 per cent of the voting share capital is represented at the annual general meeting and only where adopted by both three fourth of the votes cast and by three fourth of the voting share capital represented at the general meeting, cf. Art. 12 of the Articles of Association. Where less than 90 per cent of the voting share capital is represented at the annual general meeting, but the said motion obtains both three fourth of the votes cast and three fourth of the voting share capital represented at the annual general meeting, the said motion may be adopted at a new general meeting by the said qualified majority irrespective of the proportion of the share capital represented.

    Size of the share capital, voting rights of the shareholders and registration date
    Jyske Bank’s share capital is DKK 642,720,950, comprising shares at a face value of DKK 10. Any share amount of DKK 10 shall carry one vote, provided always that 4,000 votes are the highest number of votes any one shareholder may cast on his own behalf. Voting rights can only be exercised by shareholders or their proxies. For the voting right of a share to be exercised, the share shall be registered in the name of the holder in Jyske Bank’s register of shareholders not later than on the day of registration, which is Tuesday, 18 March 2025, or the title to such share shall be notified and documented to the Bank within that same time limit.

    Proxy and postal vote
    Shareholders may as from Friday, 28 February up to and including Friday, 21 March 2025 give voting instructions, appoint Jyske Bank’s Supervisory Board or a third party as proxy either electronically or by means of the Power of Attorney form.

    Shareholders may attend the General Meeting by proxy and cast their votes by proxy.

    In addition, shareholders may as from Friday, 28 February to Monday 24 March 2025 at 10.00 a.m. cast postal votes either electronically or by means of a form.

    Proxies may be appointed, or postal votes may be cast electronically at the Investor Portal via Jyske Bank’s website. A form for the appointment of proxies or for casting postal votes is available at one of Jyske Bank’s branches or can be downloaded from Jyske Bank’s website. Where the form is used, please forward the completed and signed form either by post to Euronext Securities (VP Securities A/S) at the address Nicolai Eigtveds Gade 8, 1402 Copenhagen K or by email to CPH-investor@euronext.com. The form must reach Euronext Securities (VP Securitas A/S) by the above-mentioned deadlines, and proxies must have been appointed or postal votes must have been cast electronically by the same deadlines.

    Custodian bank
    Jyske Bank’s shareholders may choose Jyske Bank A/S as their custodian bank in order to exercise their financial rights through Jyske Bank A/S.

    Questions from shareholders
    Shareholders are recommended to ask questions in writing before the general meeting about the items of the agenda or Jyske Bank’s financial position. Please send questions to Jyske Bank A/S, Juridisk Afdeling, Vestergade 8-16, DK-8600 Silkeborg or by email to Juridisk@jyskebank.dk. Questions and answers will be presented at the general meeting, and shareholders who have asked questions will receive replies directly from Jyske Bank. At the General Meeting, the management will also answer questions from the shareholders about matters of importance for the financial situation of Jyske Bank and questions for consideration at the General Meeting.

    Additional information
    The following documents and information can be downloaded from Jyske Bank’s website from Friday, 28 February 2025:

    1. Notice of General Meeting.
    2. The total number of shares and voting rights at the date of the notice.
    3. Agenda and full wording of motions.
    4. Annual Report and the consolidated financial statements with the auditor’s report and the management’s review.
    5. Remuneration report
    6. List of candidates and further information about the proposed candidates with respect to election of Shareholders’ Representatives and the Supervisory Board.
    7. The forms to be used when voting by proxy or by postal vote.

    Notification of participation
    Shareholders who wish to attend and cast their votes at the General Meeting may register for the General Meeting at the Investor Portal via Jyske Bank’s website as from Friday 28 February 2025 up to and including Friday 21 March 2025.
    Confirmation of registration and QR code for the general meeting portal will be submitted by email (also in case of powers of attorney to third parties), and therefore it is important that you register your email address at the Investor Portal.
    At the entrance to the general meeting, you press the submitted QR code in the email to register your attendance which is why you must bring your smart phone or your tablet. Any votes will also take place via the General Meeting Portal. Additional guidelines for using the General Meeting Portal will be available at the entrance to the general meeting.
    If you are unable to receive confirmation of registration to the general meeting by email, you may register for the general meeting by means of the sign-up form available at Jyske Bank’s website or by contacting one of Jyske Bank’s branches. If so, you must contact and confirm your attendance at the entrance to the general meeting which requires that you produce valid identification.

    Live webcast
    The general meeting will be live webcasted via InvestorPortalen. The transmission will comprise images and sound. In order to follow the general meeting shareholders must log on to InvestorPortalen with their MitIDs or VP-IDs. Registration to the general meeting is not required in order to follow the webcast. It will not be possible to ask questions or make presentations and/or cast votes during the process.

    Before commencement of the proceedings of the Annual General Meeting, coffee/tea etc. will be served from 1.30 p.m.

    Silkeborg, 26 February 2025

    The Supervisory Board

    Attachment

    The MIL Network

  • MIL-OSI Video: The Clean Industrial Deal: Boosting EU competitiveness & quality jobs

    Source: European Commission (video statements)

    The Clean Industrial Deal: Powering Europe’s future with innovation, decarbonization, and competitiveness. A bold plan to drive sustainable industry, secure resources, and lead the global green transition.

    https://www.youtube.com/watch?v=kee7q0BWDkE

    MIL OSI Video

  • MIL-OSI: Elevating Road Safety and Autonomous Driving: LeddarTech to Demonstrate Innovative Solutions at Three Key European Events

    Source: GlobeNewswire (MIL-OSI)

    QUEBEC CITY, Canada, Feb. 26, 2025 (GLOBE NEWSWIRE) — LeddarTech® Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, for ADAS, AD and parking applications, is set to bring its transformative solutions to Europe. LeddarTech will participate in three key industry events this March and April—Embedded World, Tech.AD Europe and Hannover Messe 2025—offering an opportunity to showcase how its technologies are enhancing safety, performance and efficiency in automotive systems.

    Following a recently announced significant milestone—the selection of LeddarVision by a global commercial vehicle OEM for its ADAS program in model year 2028 vehicles—LeddarTech’s participation in these events reinforces its expanding influence and commitment to driving technological excellence and safety innovation in Europe.

    Event Highlights

    1. Embedded World

    • Dates: March 11-13, 2025
    • Location: NürnbergMesse, Nuremberg

    At Embedded World, a premier event dedicated to embedded technologies, LeddarTech will present its advancements in perception, sensor fusion and real-time processing. Through live demonstrations of LeddarVision, attendees will witness firsthand how LeddarTech’s solutions contribute to the SOAFEE ecosystem with a new blueprint. Utilizing Arm technology on AWS G5g, LeddarVision Surround offers adaptable, scalable perception solutions that meet the evolving standards of the automotive industry.

    2. Tech.AD Europe

    • Dates: March 16-18, 2025
    • Location: Hotel Titanic Chaussee, Berlin
    • Booth: # 7

    Tech.AD Europe is a leading conference for ADAS and AD technologies. LeddarTech will not only showcase its solutions but also provide immersive experiences with live LeddarNavigator demonstrations. Participants will join on-road demonstrations to experience the real-time performance of LeddarVision “Full Surround” (LVS-2+), offering an authentic view of how LeddarTech’s AI-driven software navigates complex driving environments. This demonstration builds on the success of the LeddarNavigator’s showcase at CES 2025 in Las Vegas, where it received significant industry recognition.

    3. Hannover Messe 2025

    • Dates: March 31 – April 4, 2025
    • Location: Messegelände Hannover
    • Booth: # 44 A, Hall 17

    As Canada takes the spotlight as the host country at Hannover Messe, LeddarTech will be part of the Canadian delegation showcasing innovations in green, digital and resilient technologies. Visitors to LeddarTech’s booth will experience 360° virtual reality demonstrations, detailed product presentations and customer meetings. This event is a strategic platform to engage with industry leaders and demonstrate how LeddarVision technology supports advanced manufacturing and drives the adoption of autonomous systems across diverse sectors.

    A Vision for the Future of Automotive Technology

    “With our recent first OEM design win and our strategic collaboration with Texas Instruments, LeddarTech is solidifying its leadership in sensor fusion and perception software for ADAS and autonomous driving,” said Frantz Saintellemy, President and CEO of LeddarTech. “These milestones, coupled with our strong market momentum, reflect the increasing adoption of our LeddarVision technology. Our presence at Embedded World, Tech.AD Europe and Hannover Messe 2025 presents a valuable opportunity to demonstrate our innovative approach to enhancing safety, performance and cost efficiency in ADAS and AD systems—both in Europe and globally.”

    About LeddarTech

    A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal and Tel Aviv, Israel, LeddarTech develops and provides comprehensive AI-based low-level sensor fusion and perception software solutions that enable the deployment of ADAS, autonomous driving (AD) and parking applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment to achieve better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

    LeddarTech is responsible for several remote-sensing innovations, with over 170 patent applications (87 granted) that enhance ADAS, AD and parking capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.

    Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter (X), Facebook and YouTube.

    Forward-Looking Statements
    Certain statements contained in this Press Release may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which forward-looking statements also include forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws), including, but not limited to, statements relating to LeddarTech’s selection by the OEM referred to above, anticipated strategy, future operations, prospects, objectives and financial projections and other financial metrics. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) our ability to continue to maintain compliance with Nasdaq continued listing standards following our transfer to the Nasdaq Capital Market; (ii) the risk that LeddarTech and the OEM referred to above are unable to agree to final terms in definitive agreements; (iii) the volume of future orders (if any) from this OEM, actual revenue derived from expected orders and timing of revenue, if any; (iv) our ability to timely access sufficient capital and financing on favorable terms or at all; (v) our ability to maintain compliance with our debt covenants, including our ability to enter into any forbearance agreements, waivers or amendments with, or obtain other relief from, our lenders as needed; (vi) our ability to execute on our business model, achieve design wins and generate meaningful revenue; (vii) our ability to successfully commercialize our product offering at scale, whether through the collaboration agreement with Texas Instruments, a collaboration with a Tier 2 supplier or otherwise; (viii) changes in our strategy, future operations, financial position, estimated revenues and losses, projected costs and plans; (ix) changes in general economic and/or industry-specific conditions; (x) our ability to retain, attract and hire key personnel; (xi) potential adverse changes to relationships with our customers, employees, suppliers or other parties; (xii) legislative, regulatory and economic developments; (xiii) the outcome of any known and unknown litigation and regulatory proceedings; (xiv) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak, as well as management’s response to any of the aforementioned factors; and (xv) other risk factors as detailed from time to time in LeddarTech’s reports filed with the U.S. Securities and Exchange Commission (the “SEC”), including the risk factors contained in LeddarTech’s Form 20-F filed with the SEC. The foregoing list of important factors is not exhaustive. Except as required by applicable law, LeddarTech does not undertake any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Maram Fityani, Media and Public Relations, LeddarTech Holdings Inc.
    Tel.: + 1-418-653-9000 ext. 623, maram.fityani@leddartech.com

    Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Holdings Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

    LeddarTech Holdings Inc. is a public company listed on the Nasdaq under the ticker symbol “LDTC.”

    The MIL Network

  • MIL-OSI: Bigbank’s Unaudited Financial Results for Q4 and 12 months of 2024

    Source: GlobeNewswire (MIL-OSI)

    Bigbank’s gross loan portfolio reached a record 2.2 billion euros at the end of the year, increasing by 137 million euros (+7%) quarter on quarter and by 535 million euros (+32%) year on year. The focus product lines showed solid quarter-on-quarter growth. The business loan portfolio grew by 61 million euros (+9%) to 764 million euros and the home loan portfolio by 79 million euros (+15%) to 613 million euros. The consumer loan portfolio decreased by 9 million euros (-1%) quarter on quarter to 828 million euros.

    Bigbank’s deposit portfolio grew in the fourth quarter mainly through term deposits. During the quarter, the term deposit portfolio grew by 118 million euros to 1.36 billion euros (+10%) and the savings deposit portfolio by 8 million euros to 1.03 billion euros (+1%). The Group’s total deposit portfolio grew by 127 million euros (+6%) quarter on quarter and by 456 million euros (+24%) year on year to 2.39 billion euros.

    In December, Bigbank also started offering current accounts to existing retail customers in Estonia, which will further diversify the deposit portfolio, but the balance of current accounts was still marginal at the end of 2024.

    In the fourth quarter of 2024, Bigbank earned a net profit of 4.6 million euros. Net profit for the 12 months of 2024 was 32.3 million euros. Compared to the restated results for 2023, fourth-quarter net profit decreased by 6.6 million euros and 12-month net profit by 8.3 million euros.

    In the fourth quarter, interest income grew by 5.7 million euros year on year to 43.4 million euros (+15%). Interest expense grew by 5.3 million euros to 20.1 million euros (+36%). Bigbank’s net interest income for the fourth quarter was 23.3 million euros, up 0.4 million euros year on year, and net interest income for the year was 102.4 million euros, up 6.7 million euros (+7%) year on year.

    In the fourth quarter, the credit quality of the loan portfolio remained stable. However, changes were observed in the credit quality of the loan portfolio over the course of 2024. The decline in the quality of the consumer loan portfolio, which started in the last quarter of 2023, continued in the first quarter, but the situation stabilised in the following quarters. During the year, there was also some deterioration in the business loan portfolio, where the share of past due loans increased, but due to strong collateral positions this did not have a significant impact on loss allowances. The credit quality of home loans remained very good throughout the year.

    In the fourth quarter, loss allowances for loans decreased by 0.3 million euros year on year to 4.6 million euros, but during the year loss allowances grew by 5.0 million euros to 23.9 million euros. Compared to the end of 2023, the share of stage 3 (non-performing) loans grew by 59.5 million euros and accounted for 4.9% of the total loan portfolio at the end of 2024 (+1.9 pp from the end of 2023). Compared to the end of the third quarter, the share of stage 3 loans in the total loan portfolio remained stable.

    The Group’s investment property portfolio increased to 66.4 million euros by the end of the fourth quarter (+35% from end-2023). Changes in the fair value of investment properties resulted in a loss of 1.6 million euros for both the fourth quarter and the full year. For comparison, the 12-month result for 2023 was a profit of 3.4 million euros, which included a profit of 4.4 million euros in the fourth quarter. This is also the main reason why the Group’s net profit for the fourth quarter of 2024 was 6.6 million euros lower than in the same period of 2023.

    Income statement, in thousands of euros Q4 2024 Q4 2023 12M 2024 12M 2023
    Net interest income 23,266 22,949 102,356 95,667
    Net fee and commission income 2,499 2,168 9,224 8,284
    Net income (loss) on financial assets 1,145 4,246 5,246 9,222
    Net other operating income -1,350 -1,940 -4,150 -3,626
    Total net operating income 25,560 27,423 112,676 109,547
    Salaries and associated charges -8,204 -6,345 -27,780 -24,032
    Administrative expenses -2,766 -4,025 -11,547 -15,183
    Depreciation, amortisation and impairment -2,052 -2,039 -8,349 -6,400
    Total expenses -13,022 -12,409 -47,676 -45,615
    Provision expenses (income) -1,730 4,662 -1,836 3,780
    Profit before loss allowances 10,808 19,676 63,164 67,712
    Net loss allowances on loans and financial investments -4,606 -4,896 -23,899 -18,881
    Profit before income tax 6,202 14,780 39,265 48,831
    Income tax expense -1,514 -3,432 -7,017 -7,601
    Profit for the period from continuing operations 4,688 11,348 32,248 41,230
    Income (loss) from discontinued operations 0 -18 29 -575
    Profit for the period 4,688 11,330 32,277 40,655
    Statement of financial position, in thousands of euros 31 Dec 2024 30 Sept 2024 31 Dec 2023 restated*
    Cash and cash equivalents 448,661 475,284 518,672
    Debt securities at FVOCI 22,334 14,992 15,400
    Loans to customers 2,196,482 2,059,625 1,662,002
    Other assets 110,939 87,126 91,324
    Total assets 2,778,416 2,637,027 2,287,398
    Customer deposits and loans received 2,401,689 2,274,269 1,946,314
    Subordinated notes 91,668 83,437 76,109
    Other liabilities 15,277 14,585 20,182
    Total liabilities 2,508,634 2,372,291 2,042,605
    Equity 269,782 264,736 244,793
    Total liabilities and equity 2,778,416 2,637,027 2,287,398

    Commentary by Martin Länts, chairman of the management board of Bigbank AS:

    “In 2024, Bigbank continued its strategic growth, focusing on expanding its loan and deposit portfolios and developing everyday banking services. Our loan portfolio grew to 2.2 billion euros (+32%), while our deposit portfolio reached 2.4 billion euros (+24%). The number of active customers increased by 16,600 over the year to more than 167,300. Customer satisfaction remained high, with our Net Promoter Score (NPS) at 57 points.

    One of the key achievements of the year was integration with the SEPA instant payment system and the launch of a current account in Estonia, enabling customers to send and receive payments within seconds, 24/7. This is an important step towards everyday banking services, which we plan to expand to our other markets soon.

    The main drivers of our continued growth were home and business loans – our home loan portfolio grew by 75%, while business loans increased by 32% year-on-year. The trust our customers place in us, thanks to our personalised approach, fast processes and competitive terms, confirms that we are on the right track. At the same time, we maintained attractive deposit rates and expanded our deposit offering – for example, we introduced a term deposit for retail customers in Lithuania and a savings deposit in Latvia and Bulgaria. We also launched a savings deposit for corporate customers in Latvia and Lithuania.

    Despite the declining Euribor environment and continued high deposit rates, Bigbank maintained strong profitability, generating a net profit of 32.3 million euros in 2024. This demonstrates our ability to offer competitive products and services in both the lending and deposit markets, while ensuring sustainable growth.

    In November 2024, Bigbank reached a significant milestone when the central bank of Estonia designated us as a systemically important credit institution. This decision underscores our growing role in Estonia’s financial sector and validates our strategic direction. We also carried out successful bond issues, raising 20.4 million euros in additional capital to support further expansion and strengthen our capital structure.

    I sincerely thank the entire Bigbank team for their dedication and determination. My gratitude also goes to our customers, investors and partners – your trust and support inspire us to deliver even better financial services and to grow together.”

    Bigbank AS (www.bigbank.eu), with over 30 years of operating history, is a commercial bank owned by Estonian capital. As of 31 December 2024, the bank’s total assets amounted to nearly 2.8 billion euros, with equity close to 270 million euros. Operating in nine countries, the bank serves more than 167,000 active customers and employs over 500 people. The credit rating agency Moody’s has assigned Bigbank a long-term bank deposit rating of Ba1, along with a baseline credit assessment (BCA) and an adjusted BCA of Ba2.

    Argo Kiltsmann
    Member of the Management Board
    Tel: +372 53 930 833
    Email: Argo.Kiltsmann@bigbank.ee 
    www.bigbank.ee

    Attachment

    The MIL Network

  • MIL-OSI Russia: A film about the development of digital technologies in the capital can now be watched online

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    The popular science mini-series “Moscow in Digital” can now be watched online. Each episode immerses the viewer in the history of the capital’s technological projects and allows you to learn more about how the city has become one of the most developed megacities in the world in 30 years.Department of Information Technology of the City of Moscow told where and how you can watch the film, which premiered at the end of last year.

    “The educational mini-series “Moscow in Digital” is dedicated to the 30th anniversary of the Runet and tells how technologies have developed over three decades, services have been created, projects have appeared that today make the lives of Muscovites even more comfortable, vibrant and safe. Each episode covers a certain area of the city’s life and immerses you in the history of not only digitalization, but also Moscow itself. The frame intertwines archival footage and photographs that remind adults and tell the new generation about the times when issues were resolved in a live queue, phone numbers were remembered by heart, people went to the library or bookstore to find information, and visited five different departments to pay bills. From February 26, you can watch the series at any convenient time

    on Rutube and in social networks “VKontakte”, as well as on streaming platforms,” the press service of the capital’s Department of Information Technology reported.

    The film reflects each stage of the development of urban technologies, shows the path traveled and painstaking work on creating the digital infrastructure of the metropolis. When creating the mini-series, gigabytes of information were collected and hundreds of documents were studied, experts and specialists who were engaged in the digitalization of Moscow for three decades were involved. The comfortable timing of the film – each episode lasts from 20 to 25 minutes – allows you to immerse yourself in the history of the development of IT projects, while the easy and entertaining form of presentation of information does not tire the viewer with complex terminology and excessive amounts of information.

    Moscow Government experts not only talk about how digitalization became a familiar part of the city’s main areas of life – healthcare, transport, education, construction and others, but also share their personal experience as residents and users of electronic products. In essence, the film is an educational and entertaining encyclopedia about the capital’s technological projects and services. There you can learn, for example, how artificial intelligence is helping doctors across the country today, or walk around a virtual copy of VDNKh, and also find answers to many other questions.

    “Of course, the best way to feel how convenient it is to use modern services in the capital is to simply live in Moscow. Many are so accustomed to the good that they do not even notice how technology has changed the lives of city residents. And our mini-series will help to fully understand the possibilities of digital Moscow, truly one of the most advanced megacities in the world,” said Russian TV and radio host Alexander Pushnoy, who helps viewers of the film immerse themselves in the atmosphere of innovation.

    He remembers the times when payphones were everywhere, Moscow was studied using a city atlas and a route with identification signs was drawn on a piece of paper. And today, on the mos.ru portal, you can solve almost any issue with a couple of clicks. Artificial intelligence helps to deal with many everyday tasks, and the management of the megalopolis is built using big data analysis.

    Each episode gives a full picture of how digitalization was introduced into various spheres of life in the metropolis. For example, from the first one, you can learn how high technologies and projects make the city truly smart. The viewer will have to go all the way from the start of the first round-the-clock server in the Moscow City Hall building to the creation of a digital twin of the city, the Mos.Tech technological platform and the capital’s metaverse. The second episode tells about the development of projects in the social sphere: the Muscovite card, the unified medical information and analytical system and the Moscow Electronic School, as well as projects for young people. In the third one, you can learn how the mos.ru portal turned from a news feed with a guest book into a resource used by more than 15.9 million people, and about the evolution of Moscow transport, one of the most comfortable in the world. The final part is dedicated to digitalization in the sphere of culture and tourism. It also talks about the opportunities for every Muscovite to take part in the life of the city and influence what the capital will be like in the future.

    The film was shot by the Gorky Film Studio production center, which is part of the Moscow film cluster, and the director was Konstantin Reich.

    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 access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/150569073/

    MIL OSI Russia News

  • MIL-OSI Russia: Operators have started implementing 36 KRT projects in 2024

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    In 2024, city-appointed operators began implementing 36 integrated territorial development projects (ITD). This was reported by the Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.

    “For the comprehensive development of depressed areas, the city not only attracts investors, but also appoints KRT operators. According to 36 redevelopment projects, which operators have been implementing since last year, the construction of over seven million square meters of various real estate objects is planned. New residential buildings and public and business facilities will appear on sites with a total area of 358.9 hectares, a number of projects provide for the creation of modern production facilities. As a result, the city will receive about 106.8 thousand jobs,” said Vladimir Efimov.

    The new facilities will appear in 34 districts of the Eastern, Western, Northern, North-Eastern, North-Western, Southern, South-Eastern, South-Western, Zelenogradsky, Troitsky and Novomoskovsky administrative districts of the capital. The sites will be located near major transport facilities, including metro stations, Moscow Central Diameters and the Moscow Central Circle.

    “The KRT operators appointed by the capital will build about 3.2 million square meters of housing, including for the purposes of the renovation program. The infrastructure of residential areas will be supplemented by kindergartens for 3.1 thousand children, schools for 9.3 thousand students, sports and medical institutions. The total area of public, business and industrial facilities will be more than 3.8 million square meters. The renovated areas will appear on the site of inefficiently used areas, as well as in former industrial zones,” said the Minister of the Moscow Government, Head of the Department of City Property

    Maxim Gaman.

    New buildings for the renovation program are erected not only on specially selected and cleared sites, but also on sites that are included in the comprehensive territorial development program.

    According to the Minister of the Moscow Government, Head of the Department of Urban Development Policy Vladislav Ovchinsky, to implement the renovation program, houses will be built, the area of apartments in which will be approximately 650 thousand square meters. This will provide modern housing for about 23 thousand Muscovites. The adjacent territory will be improved: comprehensive landscaping will be carried out, areas for active recreation and sports will be equipped. For the safety and comfort of residents, video surveillance cameras will be installed and outdoor lighting will be mounted.

    According to the program of integrated development of territories, multifunctional city blocks are created, where roads, comfortable housing and all necessary infrastructure are designed on the site of former industrial zones and inefficiently used areas. Currently, 302 KRT projects with a total area of about 4.2 thousand hectares are at various stages of development and implementation in Moscow. The work is underway on behalf of Sergei Sobyanin.

    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 access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/150575073/

    MIL OSI Russia News

  • MIL-OSI Russia: 2.4 thousand courtyards to be improved in Moscow

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    Specialists from the city economy complex will carry out improvement work on 2.4 thousand courtyards in the capital. This was announced by the Deputy Mayor of Moscow for Housing and Public Utilities and Improvement Petr Biryukov.

    “This year we will put 2.4 thousand courtyard areas in order: we will renew the asphalt covering of pedestrian paths and driveways, and arrange convenient parking. An important final stage of all the capital’s improvement programs is landscaping, so new lawns will appear in the courtyards,” said Pyotr Biryukov.

    The projects were developed taking into account the suggestions and wishes of city residents.

    As part of the improvement of courtyard areas, small architectural forms are changed or installed, and residents can also participate in the selection of their design. If space allows, swings and gazebos are installed. When repairing children’s and sports grounds, new surfaces are laid and modern equipment is installed. Particular attention is paid to the modernization of the lighting system – lanterns and street lamps with energy-efficient lamps appear in the courtyards.

    At the request of residents and if the necessary conditions are available, a place for walking pets can be allocated.

    Previously, all the capital’s courtyards, and there are more than 24 thousand of them, were put in order in accordance with the developed standard. It implies equipping the adjacent territories with infrastructure for recreation and sports, as well as high-quality lighting and landscaping of the territories.

    The projects implemented in the capital to create a comfortable urban environment correspond to the goals and objectives of the national project “Infrastructure for Life”.

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    https: //vv.mos.ru/nevs/ite/150594073/

    MIL OSI Russia News

  • MIL-OSI Russia: From embroidery to pottery: “Winter in Moscow” invites you to master classes

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    This year the festival “Moscow Maslenitsa” As part of the Winter in Moscow project, in addition to traditional festivities and treats, it offers residents and guests of the capital a rich program of craft master classes. Each of them introduces ancient customs and techniques of folk crafts from all over Russia. During classes with masters, everyone will be able to master the basics of pottery, traditional embroidery techniques, wood burning, weaving and painting in different styles.

    Master classes will be held at central and district sites of the city. Admission is free, without registration.

    Joy Bird and Cardboard Balalaika on Manezhnaya Square

    The “Workshop of Russian Crafts” is open on Manezhnaya Square. On February 27 at 13:00, a master class “Bird of Joy” will be held here. Participants will learn how to create a bullfinch or a chaffinch from threads.

    On February 28 at 17:00 in the “Maslenitsa Workshop” guests will be offered to assemble a decorative accordion from paper and cardboard with their own hands. On March 1 at 13:00 on this site you can make a solar headband, on March 2 at 15:00 – create felt masks for Maslenitsa carols, and at 16:00 on the same day – assemble a balalaika from cardboard and paper.

    Sheksninskaya and Gorodets painting on Tverskoy Boulevard

    On Tverskoy Boulevard, in the neo-industry art chalet, guests learn the secrets of Dymkovo, Sheksna, Filimonovo, Permogorsk, Vladimir, Semikarakorsk, Khokhloma painting, get acquainted with the Gzhel technique and Yaroslavl majolica, and also create household items and decor in the traditional Russian style.

    On February 28 at 17:00 and March 1 at 16:00, a master class on decorating a red bag with an ornament in the style of Sheksna zolotchenka, a unique painting technique from the Vologda region, will be held here. During the class, participants will learn about the history and features of the crafts of the Russian North.

    On March 1 at 2:00 pm, anyone who wants to can paint a wooden box for a fashionable Khokhloma scarf – red, blue and black, and on March 2 at 5:00 pm, the same box will be decorated with the famous white and blue patterns from Gzhel.

    In addition, on March 2 at 15:00, visitors to the site will learn how to apply a Maslenitsa pattern to a pink stove pot in the style of Gorodets painting from the Nizhny Novgorod region. At 16:00, visitors will attend a master class on decorating a mug with Filimonov painting from the Tula region.

    Ural ceramics and honey barrel decor in ZAO

    On Matveevskaya Street, guests will be offered to sit at a potter’s wheel and mold traditional household items. The crafts can be used to decorate the house or as gifts to relatives and friends.

    On February 27 at 16:00 and 18:00, everyone will be able to create a pancake maker in the traditions of the Sverdlovsk region. In the process of working with clay, participants will master a unique molding, get acquainted with the restrained geometric ornament of Ural ceramics, and also learn the history of Sysert porcelain and Tavolozh products made of red clay, which appeared in the 17th century.

    On March 1 at 13:00 and 16:00 you can make a milk jug with a plant ornament in the style of Kuban ceramics on a potter’s wheel and get acquainted with the world of crafts of the Krasnodar region.

    At the district site in the Olympic Village on Michurinsky Prospekt, masters will teach various techniques for decorating household items. On February 28 at 15:00 and 17:00, master class participants will weave a pancake stand using a technique that came from the Kirov Region. On March 2 at 14:00 and 17:00, guests will use wood burning to decorate a honey barrel the way they do it in the Moscow Region.

    Milk mugs and candy bowl in SZAO

    At the intersection of Sokolovo-Meshcherskaya and Yurovskaya streets, there will also be a potter’s wheel. On February 28 at 15:00 and 17:00, participants in the master class will create a clay spoon in the spirit of the Skopin potters: they will master hand molding, relief patterns, and hear interesting stories about the rich craft traditions of the Ryazan region.

    Here on March 1 at 12:00, 15:00 and 18:00 guests will make milk mugs in the traditions of the Tver region and learn how local craftsmen managed to create an original style of ceramic products.

    On Mitinskaya Street on February 28 at 15:00 and 17:00 visitors will decorate a candy bowl in the style of Gorodets painting (Nizhny Novgorod Region). It is famous for its flower garlands, horses and birds, as well as contrasting contours.

    On March 1 at 13:00 and 16:00 you can paint a classic matryoshka doll from Sergiev Posad, and on March 2 at 14:00 and 17:00 you can decorate a sugar bowl with the famous Khokhloma patterns.

    Embroidery on napkins and box decoration in Zelenograd Administrative Okrug

    In the Kryukovo district on February 28 at 16:00 and 18:00 guests will decorate a box with Vyatka lace from the Kirov region. It is characterized by patterns of pointed petals and openwork lattices in the style of Dymkovo painting.

    Here on March 1 at 14:00 and 17:00 a master class on Tarusa embroidery will begin. All those who wish will create with their own hands a decorative napkin in the image of the products of famous craftswomen of the Kaluga region: with openwork white stitching, traditional plant patterns, recognizable geometric ornaments and unique seams.

    Basket for Maslenitsa in SAO

    On March 1 at 13:00 and 16:00 at the site in the Brigantina Park, everyone will master wickerwork and make Maslenitsa baskets based on the works of Penza masters. Products made from natural wicker will be decorated with characteristic geometric patterns and decor in the spirit of the spring holiday.

    Pancake plate and painted trays on Profsoyuznaya Street

    On March 1 at 14:00 and 17:00 at the Moscow Maslenitsa festival site on Profsoyuznaya Street, you can paint a plate in the style of Puchuzh painting (Arkhangelsk Region). It is characterized by smooth lines, solar symbols and patterns with peahens.

    Here on March 2 at 13:00 and 16:00 visitors will master the creative craft of Ivanovo masters and paint trays using the lacquer miniature technique.

    Painting of musical instruments in the Moskino cinema park

    In the art chalet of Maslenitsa gifts in the Moskino cinema park, you can also create decor from Russian artisans. On March 1 at 17:00, musical spoons in the style of crafts from the Perm region will be decorated with Obvin painting.

    On March 2 at 13:00, all those who wish will be able to paint a shepherd’s drum with two-color ornaments, typical for the crafts of the Kostroma region. At 15:00, there will be a lesson on the elegant decoration of a Maslenitsa rattle with Pizhemskaya painting, which came to us from the ancient northern peoples of the Arkhangelsk region.

    Details can be found on a special website.

    Pancakes and festivities: how to celebrate Maslenitsa at the venues of the Winter in Moscow projectListen to songs and enjoy pancakes: how to celebrate Maslenitsa at metro stations and river terminals

    The Moscow Maslenitsa festival was first held in the capital in 2017 and has since become traditional. In 2025, Maslenitsa will be celebrated from February 21 to March 2.

    Project “Winter in Moscow”— the main event of the season, which unites various events of the capital. Citizens and tourists are invited to remember traditions and history, warm up with tea and hot buns, go skating, watch ice shows, give gifts to people who find themselves in a difficult life situation, show care for those who need it.

    Muscovites and guests of the capital are offered a huge selection of events in the open air and in cultural and sports institutions. The atmosphere of winter traditions has engulfed the entire city – more than 1.9 thousand sites are open. The project organically included the largest festivals of the capital “Moscow Estates”, “Moscow Tea Party”, “City of Light” and many others. All information about the project and the events of the winter season can be found in a special section of mos.ru.

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    MIL OSI Russia News

  • MIL-OSI Russia: Nine new ground transport stops will appear in the capital and Moscow region

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    From March 1, nine stops will be added to 27 ground transportation routes. Another two will be moved to a more convenient location. The changes will take place in nine districts of the capital and the Khimki urban district in the Moscow region.

    “We are constantly developing the network of ground transportation routes on the instructions of Sergei Sobyanin and introducing new stops where necessary. We are placing stopping points near residential buildings, social facilities, rail frame stations and places of attraction. Today, there are already more than 12.5 thousand stops in Moscow, which serve about 880 bus, electric bus and tram routes,” said the Deputy Mayor of Moscow for Transport and Industry

    Maxim Liksutov.

    Where the new stops will appear:

    — “Yurovskaya Street” (for routes No. 324, 358 and 359 on Yurovskaya Street when traveling from Sokolovo-Meshcherskaya Street);

    — “Udachnoe” (for route No. 865 on Leningradskoe Shosse in the area of the Nikolai Sednin House-Museum);

    — “Bibirevo Metro” (for routes No. 282, 353, 618 and 503 at the Bibirevo metro station on Prishvina Street when traveling from Pleshcheeva Street);

    — “Bagrationovsky proezd” (for routes No. 116, 366, 470 and C369 in Bagrationovsky proezd towards Barclay Street);

    — “Valdaisky proezd” (for route No. 400 on Belomorskaya street when heading towards Smolnaya street);

    — “Miklukho-Maklaya Street” (for routes No. 145, 196, 226, 250, 261, 404, 699, 752, 816 and C13 on Miklukho-Maklaya Street when traveling from Leninsky Prospekt);

    — “Vostryakovskoye Cemetery” (for routes No. 32 and 862 on Ozernaya Street when heading towards the Moscow Ring Road);

    — “Khlebozavod” (for routes No. 446 and 504 on Admirala Kornilova Street when heading towards Institutskiy Proezd);

    — “Cinemapark” (for route No. 362 near a large shopping center in Khimki near Moscow).

    Which stops will be moved:

    — “Meshchersky Les” (for routes Sk3 and H11, it will be moved forward 90 meters and combined with the stop of the same name on Borovskoye Highway when heading to the Moscow Ring Road);

    — “Filatovskoye Shosse” (for routes No. 128, 169 and 420, it will be moved 360 meters forward and combined with the “Filimonkovskoye Shosse” stop on Filatovskoye Shosse when going to the “Filatov Lug” metro station).

    Most of the bus stops in the capital are equipped with modern pavilions. In 2024, over 2.7 thousand of them were installed on the streets of Moscow. The new type of pavilions are made of more durable and wear-resistant materials, for example, the frame is made of aluminum and stainless steel, and the benches are made of non-flammable materials. Triplex glass does not break into pieces if damaged.

    All pavilions are designed in the same style as Moscow transport. They contain light boxes with useful information about routes and stops. The roof area is increased, which allows you to comfortably wait for transport even in bad weather, lighting and video surveillance are also provided.

    In total, there are already 10 thousand modern bus stop shelters in the capital, which is more than 90 percent of the total number. In 2025, it is planned to install about 1.5 thousand more, of which more than one thousand will be manufactured at the Sokolnichesky Wagon Repair and Construction Plant (SVARZ). Last year, this enterprise assembled 1.3 thousand shelters, including the 5,000th one manufactured by SVARZ. It is installed on Mira Avenue, at the Kapelsky Pereulok bus stop.

    Today, Moscow has bus stops of various designs. The most common are standard pavilions, which are installed on routes with low or medium passenger traffic. Compact ones, with a smaller floor area, can be seen on narrow landing platforms. In places with the highest passenger flow (near metro stations, popular places and social facilities), multi-section pavilions are installed: up to 10 sections are located under one roof.

    In addition, there are tram stops, and on the narrowest platforms, instead of pavilions, there are flags indicating the routes. There are also canopies – large structures near large transfer hubs that provide comfort to passengers when transferring between ground and rail transport.

    In accordance with the objectives of the national project “Infrastructure for life” In Moscow, much attention is paid to the modernization of social and municipal infrastructure, including increasing the number of convenient public transport routes and updating the rolling stock. In addition, within the framework of the national project, the capital has begun developing the Central Transport Hub. It will become a single circuit with predictable suburban rail transport for more than 30 million residents of 11 regions of Russia.

    Why do they change routes and route numbers and what color they are marked in? You can find out Here.

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    MIL OSI Russia News

  • MIL-OSI USA: Grassley Pushes for Answers on UnitedHealth Group’s Medicare Advantage Billing Practices

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley

    Read more from the Wall Street Journal HERE

    WASHINGTON – Sen. Chuck Grassley (R-Iowa), Chairman of the Senate Judiciary Committee and a former Chairman of the Senate Finance Committee, sent a letter to UnitedHealth Group Chief Executive Officer Andrew Witty demanding detailed information on the company’s Medicare billing practices.

    Grassley’s letter cited reports of apparent fraud, waste and abuse at UnitedHealth Group, including efforts to diagnose enrollees with obscure revenue-generating diagnoses that were irrelevant or inaccurate. According to reporting, this resulted in $8.7 billion in extra payments in 2021 alone.

    “Despite these oversight efforts, [Medicare Advantage Organizations] continue to defraud the American taxpayer, costing them billions of dollars a year … The apparent fraud, waste, and abuse at issue is simply unacceptable and harms not only Medicare beneficiaries, but also the American taxpayer,” Grassley wrote.

    In the letter, Grassley requested UnitedHealth provide its training manuals, guidance documents, compliance program details, audit results and other documents.

    Since 2015, Grassley has pressed the Centers for Medicare & Medicaid Services and the Department of Justice to recover improper payments made to Medicare Advantage Organizations, including UnitedHealth Group.

    Text of the letter to UnitedHealth Group follows:

    February 24, 2025

    VIA ELECTRONIC TRANSMISSION

    Mr. Andrew Witty

    Chief Executive Officer

    UnitedHealth Group, Inc.

    Dear Mr. Witty:

    Twenty-five years ago, I helped shepherd Medicare Part C into law, and I have repeatedly advocated for the program.[1]  Further, since 2015, I have pressed the Centers for Medicare & Medicaid Services (CMS) and the Department of Justice (DOJ) to recover improper payments made to Medicare Advantage Organizations (MAO), including UnitedHealth Group.[2]  Despite these oversight efforts, MAOs continue to defraud the American taxpayer, costing them billions of dollars a year.[3] 

    On February 21, 2025, the Wall Street Journal published an article titled, “DOJ Investigates Medicare Billing Practices at UnitedHealth,” which reported that the DOJ launched an investigation into UnitedHealth Group’s Medicare billing practices.[4]  According to the Journal, UnitedHealth Group used in-home health risk assessments (HRA) and chart reviews to diagnose enrollees with obscure revenue-generating diagnoses that were irrelevant or inaccurate.[5]  Further, according to the reporting, the inappropriate diagnoses resulted in extra payments of $8.7 billion in just 2021.[6] 

    On October 24, 2024, the Health and Human Services Office of Inspector General (HHS OIG) released a report titled, Medicare Advantage: Questionable Use of Health Risk Assessments Continues To Drive Up Payments to Plans by Billions.[7]  The HHS OIG found that UnitedHealth Group received more money from CMS for diagnoses only made during in-home HRAs and chart reviews than any other MAO.[8]  The OIG, which reviewed all MAO enrollees, noted that, “the lack of any other follow-up visits, procedures, tests, or supplies for these diagnoses…raises concerns that either: (1) the diagnoses are inaccurate and thus the payments are improper or (2) enrollees did not receive needed care for serious conditions reported only on HRAs or HRA-linked chart reviews.”[9]  In this context, UnitedHealth Group benefited financially more than any other MAO, which raises serious questions about its practices.  The apparent fraud, waste, and abuse at issue is simply unacceptable and harms not only Medicare beneficiaries, but also the American taxpayer.  

    For Congress and the American public to better understand UnitedHealth Group’s billing practices, please provide answers to the following questions no later than March 10, 2025:

    1. What steps has UnitedHealth Group taken to review all diagnoses submitted to CMS for its Medicare Advantage enrollees (“enrollees”) that were identified only by HRAs or chart reviews (either manual or artificial intelligence) and to identify all submitted diagnoses that are obscure, irrelevant, or inaccurate?  Quantify the number and amount of inappropriate payments identified as a result of these actions.  Provide all records.[10]
    1. Provide all records that relate to the compliance program that UnitedHealth Group had in place from 2019-2024 to monitor the accuracy and appropriateness of the diagnosis codes submitted to CMS for enrollees, including the design and results of all audits conducted.
    1. Provide all training manuals and guidance documents for conducting HRAs and manual chart reviews, a list of all software used during the course of an HRA and a manual chart review, and the logic rules for all electronic decision support tools embedded in the software.  Does UnitedHealth Group use artificial intelligence to conduct the aforementioned processes?  Are all diagnoses identified by artificial intelligence confirmed by a trained medical record reviewer?
    1. Provide all policies and procedures for obtaining diagnostic confirmation from an enrollee’s primary care provider and ensuring the receipt of treatment for a new diagnosis identified by an HRA or a chart review.  Provide all documentation related to compliance audits of this process.

    Thank you for your prompt review and response.  If you have any questions, please contact Tucker Akin with my Committee staff at (202) 224-5225.

    Sincerely,

    Charles E. Grassley

    Chairman

    Committee on the Judiciary

    -30-


    [1] Thomas Oliver, Philip Lee, and Helene Lipton, A Political History of Medicare and Prescription Drug Coverage, The Millbank Quarterly (June 2004), https://pmc.ncbi.nlm.nih.gov/articles/PMC2690175/; Webpage, Cuts to the Medicare Advantage Program, Off. of Senator Charles E. Grassley (Feb. 27, 2014), https://www.grassley.senate.gov/news/video/watch/cuts-to-the-medicare-advantage-program; Letter from Senator Charles E. Grassley, Chairman, Senate Comm. on Finance, to Seema Verna, Administrator, Cntrs. for Medicare & Medicaid Srvcs. (Mar. 29, 2019), https://www.finance.senate.gov/imo/media/doc/03292019%20Medicare%20Advantage%20Letter.pdf.

    [2] Letter from Senator Charles E. Grassley, Ranking Member, Senate Comm. on the Budget, to Chiquita Brooks-LaSure, Administrator, Cntrs. for Medicare & Medicaid Srvcs. (Dec. 16, 2024), https://www.grassley.senate.gov/imo/media/doc/grassley_to_cms_-_radv_final_rule.pdf;

    Letter from Senator Charles E. Grassley, Chairman, Senate Comm. on the Judiciary, to Seema Verna, Administrator, Cntrs. for Medicare & Medicaid Srvcs. (Apr. 17, 2017), https://www.grassley.senate.gov/imo/media/doc/2017-04-17%20CEG%20to%20CMS%20(Risk%20Score%20Follow%20Up).pdf; Letter from Senator Charles E. Grassley, Chairman, Senate Comm. on the Judiciary, to Andrew Slavitt, Administrator, Cntrs. for Medicare & Medicaid Srvcs. (May 19, 2015), https://media.npr.org/documents/2015/may/grassley_cms.pdf; Letter from Senator Charles E. Grassley, Chairman, Senate Comm. on the Judiciary, to Loretta Lynch, Attorney General, Dept. of Justice (May 19, 2015), https://media.npr.org/documents/2015/may/grassley_doj.pdf.  

    [3] Medicare Advantage Provider Independent Health to Pay Up To $98M to Settle False Claims Act Suit, Dept. of Justice (Dec. 20, 2024), https://www.justice.gov/archives/opa/pr/medicare-advantage-provider-independent-health-pay-98m-settle-false-claims-act-suit; Oak Street Health Agrees to Pay $60M to Resolve Alleged False Claims Act Liability for Paying Kickbacks to Insurance Agents in Medicare Advantage Recruitment Scheme, Dept. of Justice (Sep. 18, 2024), https://www.justice.gov/archives/opa/pr/oak-street-health-agrees-pay-60m-resolve-alleged-false-claims-act-liability-paying-kickbacks.

    [4] Christopher Weaver and Anna Wilde Mathews, DOJ Investigates Medicare Billing Practices at UnitedHealth, The Wall Street Journal (Feb. 21, 2025), https://www.wsj.com/health/healthcare/unitedhealth-medicare-doj-diagnosis-investigation-66b9f1db?msockid=1979114121c76140288a04d6207560b1.

    [5] Id.; Christopher Weaver, Anna Wilde Mathews, and Tom McGinty, UnitedHealth’s Army of Doctors Helped It Collect Billions More From Medicare, The Wall Street Journal (Dec. 29, 2024), https://www.wsj.com/health/healthcare/unitedhealth-medicare-payments-doctors-c2a343db?msockid=1979114121c76140288a04d6207560b1; Anna Wilde Mathews et al., The One-Hour Nurse Visits That Let Insurers Collect $15 Billion From Medicare, The Wall Street Journal (Aug. 4, 2024), https://www.wsj.com/health/healthcare/medicare-extra-payments-home-visits-diagnosis-057dca8b?msockid=1979114121c76140288a04d6207560b1; Christopher Weaver et al., Insurers Pocketed $50 Billion From Medicare for Diseases No Doctor Treated, The Wall Street Journal (July 8, 2024), https://www.wsj.com/health/healthcare/medicare-health-insurance-diagnosis-payments-b4d99a5d?msockid=1979114121c76140288a04d6207560b1.

    [6] Weaver & Mathews, supra note 4.

    [7] U.S. Dep’t of Health and Human Services, Office of Inspector General, Medicare Advantage: Questionable Use of Health Risk Assessments Continues To Drive Up Payments to Plans by Billions, OEI-03-23-00380 (Oct. 24, 2024), https://oig.hhs.gov/documents/evaluation/10028/OEI-03-23-00380.pdf.

    [8] Id.

    [9] Id.

    [10] Records” include any written, recorded, or graphic material of any kind, including letters, memoranda, reports, notes, electronic data (e-mails, email attachments, and any other electronically-created or stored information), calendar entries, inter-office communications, meeting minutes, phone/voice mail or recordings/records of verbal communications, and drafts (whether or not they resulted in final documents).

    MIL OSI USA News

  • MIL-OSI Australia: Address to the CommsDay Regional and Remote Forum

    Source: Australian Ministers 1

    THE MOST CONNECTED CONTINENT 

    I acknowledge the Traditional Owners, the Ngunnawal and Ngambri people, and those with connections to the lands of the ACT.
     
    I pay my respects to Elders past and present, and First Nations people joining, including First Nations Digital Inclusion Advisory Group co-chair Associate Professor Lyndon Ormond-Parker.
     
    The Advisory Group continues to progress digital inclusion for First Nations people, particularly those in regional and remote Australia.
     
    In December, the Group delivered the First Nations Digital Inclusion Roadmap: 2026 and Beyond, a blueprint for government and industry as we work towards closing the digital divide.
     
    This follows the Advisory Group’s initial report to Government, which helped to inform the First Nations Community Wi-Fi Program – which has been rolled out in around 20 communities.

    Last week, I announced a contestable program to provide the next tranche of Community Wi-Fi.  
     
    We have also set up a First Nations Digital Support Hub and Network of Digital Mentors, and improved national data collection.
     
    These initiatives are making a real difference to First Nations communities, which remain some of the nation’s most digitally isolated.
     
    Of course, there is a lot more work to do – collectively – to close the digital divide.
     
    I thank the Advisory Group for their on-going commitment and progress on this, and I welcome their participation at the CommsDay Regional and Remote Forum.
     
    It is wonderful to be part of this inaugural – and very timely – forum focussed on the future of regional and remote connectivity in Australia.
     
    Thank you, Grahame Lynch, for bringing together industry, consumer advocates, and government representatives in the nation’s capital.
     
    It’s great to see so many familiar faces; I know many of you have travelled far to take part.
     
    From Forthside in Tasmania to Belyuen in the Top End, from Moruya on the NSW South Coast to Port Augusta in South Australia, from King Island to Palm Island, everywhere I travel across regional, rural and remote Australia, I see the work of building Australia’s future is gathering pace.
     
    Whether it’s Medicare, superannuation, childcare, or the National Broadband Network, Labor governments have a proud history of expanding universal access to essential services that Australians rely on.
     
    Labor founded the NBN to provide fast, reliable and affordable internet to all people in Australia, regardless of where they live.
     
    Families and businesses in our regions and suburbs should have equal access to the opportunities the NBN delivers.
     
    And Labor’s NBN is already saving households more than 100 hours and $2,580 per year in avoided travel time and costs.
     
    And we are very proud of our record on delivery.
     
    When we came into office, fewer than 300,000 premises had access to NBN fibre upgrades. Today, more than 4.3 million premises do.
     
    The Albanese Government is on track to reach our commitment of extending fibre upgrades to 5 million premises by the end of 2025 – on time and within budget.
     
    Today, there are an additional 2.7 million higher-speed plans taken up – an 80 per cent increase from when we came into office.
     
    We have delivered our $480 million upgrades to NBN Co’s Fixed Wireless and Satellite services, more than doubling average speeds.
     
    Around 800,000 households and businesses in regional, remote and peri-urban areas can now benefit from faster broadband and increased data.
     
    This includes 122,000 premises formerly in the satellite footprint.
     
    This freed up satellite capacity and enabled NBN Co to launch a Sky Muster Premium service with download speeds of up to 100 Mbps and unmetered data.
     
    This resulted in a 75 per cent surge in data consumption for active Skymuster users, delivering important economic and social benefits in health and education.
     
    Our Government is listening to the community – including through the 2024 Regional Telecommunications Review – about the importance they place on increasing minimum regulated broadband speeds to reflect today’s needs.
     
    The current legislated guarantee is for only 25Mbps download speeds, which does not reflect the growing capability of the NBN and other telecommunications networks in Australia, consumer expectations or emerging international norms.
     
    I have asked my Department to commence work on a public consultation on the pathway to increase the minimum download speed to 100Mbps.
     
    An increase over time to Australia’s regulated broadband speeds will bring Australia in line with international best practice and help to power the economy.
     
    And ensure fair and equitable access to services that better meet the needs of users in our increasingly digitally-driven economy.
     
    It’s no secret I have a passion for my portfolio.
     
    As Communications Minister, I’ve seen the transformation connectivity is having at every level of our society and economy.
     
    The difference it is making to people, businesses and communities and our regions.
     
    Building Australia’s future to be the most connected continent is more than critical infrastructure – it’s about the long-term interests of consumers.
     
    It demands forward-looking regulatory environments that facilitate competition.
     
    Over the past few years, 5G has been deployed, fibre access expanded, and low orbit satellites are providing next generation services.
     
    Yet the Universal Service Obligation remains stuck in a different era, entirely at odds with society’s needs for mobility.
     
    Introduced in the 1990s, the USO is a consumer protection to support reasonable access to landlines and payphones for people in Australia.
     
    This was a time when the voice-only ‘brick’ phone was exciting and expensive!
     
    The very first 1G phone was introduced in Australia by Telecom in 1987, retailing at a massive $4,250 or nearly $12,000 in today’s dollars.
     
    The idea of being able to walk and talk was novel. The concepts of mobile web browsing or video calling were almost non-existent.
     
    Today, mobile phones are comparatively affordable, and their use is ubiquitous.
     
    The Universal Service Obligation is as dated as those brick phones of the past.
     
    The only way to build regional Australia’s mobile future is with a modern USO, where mobile coverage is an explicit policy objective for the first time.
     
    And I am proud to say this is what Labor will deliver.
     
    The Albanese Government, if reelected, will legislate a Universal Outdoor Mobile Obligation, known as UOMO.
     
    This is about recognising, in the truest sense of the word, that mobile connectivity is an essential service.
     
    UOMO will require mobile operators to provide outdoor mobile coverage nearly everywhere in Australia where you can see the sky.
     
    This includes the around 70 per cent of our vast continent that does not have mobile connectivity. 
     
    UOMO will enable more Australians to send messages and make voice calls, including calls to Triple Zero, during emergencies and natural disasters.

    This responds to a key piece of feedback from the Regional Telecommunications Review about the need for multiple connection paths.
     
    And unlike universal landline and broadband where Telstra and NBN Co are effectively the sole providers of the obligation, an express policy objective of Labor’s Universal Outdoor Mobile Obligation is to facilitate competitive coverage.
     
    This reform will ensure up to 5 million square kilometers of new and competitive outdoor mobile coverage across Australia, including more than 37,000 kilometers of new coverage along roads and highways in regional and rural communities.
     
    Just think about what this means for the farmer out in the paddock, the injured hiker on the trail, or the distressed parent whose car has broken down.
     
    I welcome the strong endorsements of ACCAN, the National Farmers’ Federation, regional telecommunication stakeholders like the Better Internet for Regional and Rural Australia group, the Regional Telecommunications Independent Review Committee, the NSW Rural Fire Service, the First Nations Digital Advisory Council and a growing list of local and regional councils.
     
    The only mindless opposition is coming from the Coalition.
     
    The Nationals say we are going too slow.
     
    The Liberals say we should not be doing this at all or going too fast.
     
    This smorgasbord of incoherence and freewheeling incompetence is emblematic of a Liberal-National Party that does not know what it stands for.

    In contrast, the Labor Party is very clear on where we want to go.
     
    The Albanese Government will work closely with industry, regulators and stakeholders to introduce legislation in 2025, and work on this has commenced.
     
    The initial focus will be on increasing access to messaging and voice services, with a public-safety focus.
     
    We expect the voice and SMS obligation to be implemented by late 2027, with many Australians likely to benefit well before then.
     
    Given our audience here, I’d like to take this opportunity to provide further detail around the regulatory and policy context, and thank them for their participation in this reform process.
     
    Firstly, we understand this is a rapidly-developing market and our implementation timeline has been designed with regard to this.
     
    Where warranted by global supply, spectrum or capability factors, our legislation will afford mobile operators appropriate flexibility on implementation.
     
    Our Government will also engage with industry and examine incentives to promote competition objectives and public interest outcomes.
     
    As I outlined earlier, a top priority of the Government is to facilitate a healthy supply side market, that offers carriers and consumers choice.
     
    Promoting competition is an express policy feature of UOMO’s design.
     
    This aim is to bring forward investments and product partnerships, and remove market barriers to enable Australians to contact emergency services through D2D.
     
    Our policy announcement is a demand signal to global low orbit providers – we want you to expand your capability in Australia.
     
    The D2D capability is initially expected to provide baseline text messaging, then voice calls and, in time, limited mobile data.
     
    Broadly, industry is targeting the availability of D2D messaging from late this year, followed by voice from 2026 onwards.
     
    Our Government’s expectation is that these services will be well and truly in the market by late 2027.
     
    Secondly, D2D is not a replacement for terrestrial mobile networks or the USO.
     
    It will complement existing networks with a thin coverage layer, and ensure we cover as much of Australia as possible, for the benefit of all.
     
    Labor is filling a giant “black spot” that could simply never be addressed through mobile tower deployment at this scale or speed.
     
    As you are well aware, terrestrial-based network expansion can be a “law of diminishing returns” up against challenging geography and customer ratios that do not stack-up to commercial viability.
     
    The Government remains committed to existing co-investment programs, such as the Mobile Black Spot Program, and the Mobile Network Hardening Program.
     
    These programs will evolve with UOMO to deliver the best public policy outcomes for regional communities – of this I am very confident.
     
    Thirdly, I want to affirm our commitment to engagement.
     
    The expanded Universal Service Obligation framework follows two years of evidence-based groundwork, consultation and engagement.
     
    Early this term, I recognised the potential of the opportunity of LEOSat technology.
     
    I established the LEO Satellite Working Group to bring together the perspectives of global operators, Australian telcos, spectrum and engineering experts, and regional stakeholders.
     
    The Working Group, and data emerging from our LEOSat technical trials, is helping to inform our ongoing work on universal services modernisation.
     
    We have also been engaging with:

    • Global and domestic industry on D2D technology roadmaps;
    • the Australian Communications and Media Authority on radio communications spectrum considerations;
    • the Regional Telecommunications Review, local councils and the First Nations Digital Inclusion Advisory Group;
    • And, importantly, regional and remote consumers and communities.

    The Albanese Government, if re-elected, will continue this collaborative approach, working with the satellite industry, regulators, mobile network operators, consumer groups and other stakeholders as we develop, and introduce, legislation this year.
     
    Finally, we have expectations of industry around providing clear, accurate and accessible public information for consumers.
     
    Consumers need a clear understanding of the capability of D2D services and device compatibility.
     
    We are not talking about streaming Netflix from the Pilbara.
     
    I’ve been advised by industry that different devices are being rigorously tested for compatibility, and that more handsets are becoming eligible. 
     
    This is in keeping with international developments.
     
    We now have in place a more robust handset testing scheme built around the collaboration of the CommsAlliance, test labs at the University of Technology Sydney and the overarching regime administered by the ACMA.
     
    This will be leveraged to ensure consumers are better educated and receive reliable information.

    Because LEOSats orbit close to the Earth, they can provide services to mobile phones that usually communicate through terrestrial networks.
     
    Even during emergencies, when power outages impact the availability of local mobile towers, LEOSats can provide a thin layer of coverage.
     
    Last month, from Los Angeles, we saw this capability in action.
     
    As the highly destructive and deadly wildfires struck, thousands of messages were sent via D2D by thousands of people using standard unmodified devices.
     
    In the depths of crisis, people could text loved ones, neighbours, and, most importantly, emergency services – even when terrestrial networks were silenced.
     
    The public safety implications of D2D cannot be underestimated, particularly during natural disasters – which are becoming far more frequent and destructive.
     
    Closer to home, over the Summer, Australians were transfixed by the disappearance of bush walker Hadi Nazari who got lost in Kosciuszko National Park.
     
    Almost two weeks after he went missing in the unforgiving wilderness he was, thankfully, found alive.
     
    The significant search and rescue operation included a dozen SES teams, 200 personnel, more than 4000 volunteer hours and specialist aircraft.
     
    Hadi’s location could have been known within minutes with a charged mobile phone, Direct 2 Device technology, and a clear view to the sky.
     
    D2D will substantially expand opportunity for people to seek help if they are lost, injured or facing natural disasters in areas without terrestrial mobile coverage.
     
    It will give consumers more connectivity options, as mobile networks are already required to carry all Triple Zero voice calls over their networks.
     
    Early mover markets include the US and New Zealand, where we are seeing limited text to emergency services emerge as an early D2D capability.
     
    In the US, T-Mobile has opened registration for a Beta program, with priority given to first responder agencies and individuals.
     
    One New Zealand provider currently offers D2D text services across a number of premium phones. 
     
    My Department is exploring the feasibility and desirability of expanding the Triple Zero service to have message-based capability – recognising that access to Triple Zero by voice is preferred in time critical situations.
     
    It is also important that people know which devices can access D2D services, and the Government will work with the industry regulator to ensure there is clear public information on this.
     
    This is just the first step towards reform to the USO.
     
    The Department will commence consultation to inform the development of legislation, and we encourage all stakeholders to engage in that process.
     
    The Government has also sought advice on incentives and the removal of barriers to support competition outcomes and public interest objectives.
     
    That work is also underway, and if the Government is returned to office, will gather pace as this would be our top communications legislative priority for 2025.
     
    As part of this process, we will develop a roadmap for a basic data obligation, alongside voice and text as technology evolves.
     
    The Government continues to work through the recommendations of the 2024 Regional Telecommunications Review alongside progress on USO reform.
     
    Undertaken every three years, the review is an opportunity for people living and working outside major cities to share their experiences, views and expectations regarding connectivity and telecommunications services.
     
    The community response to the 2024 review represented a four-fold increase in participation on the previous review.
     
    The unprecedented interest in the work of the Regional Telecommunications Review reflects the importance placed on connectivity in these communities.

    The Committee conducted online consultations and 20 in-person sessions across Australia from Thursday Island to Geraldton, Katherine and Benalla.
     
    In total, more than 4,000 stakeholders took part and more than 3,000 survey responses were received.
     
    The Committee engaged with industry throughout the process to address issues raised during consultations and potential reform options were workshopped.
     
    I’d like to thank Committee Chair, the Honorable Alannah MacTiernan – who will be addressing the Forum this morning.
     
    As well as Committee Members Kristy Sparrow, the Honorable Fiona Nash, Dr Jessa Rogers and Ian Kelly for their extensive work, expert advice and engagement on the ground.
     
    The report’s 14 recommendations address a diverse range of telecommunications issues – from enhanced mobile coverage, consumer affordability, universal service modernisation and the role of LEOSats, through to First Nations inclusion and digital literacy.
     
    We are considering the report’s findings and recommendations and continue to work with key partners like all of you here in the room.
     
    As I noted at the outset, Labor governments have a proud history of expanding universal access and UOMO is the next important piece of architecture.
     
    Australians are proud and early adopters of technology, and we are ambitious to leverage this advantage as part of building a better future.
     
    There is tremendous activity and buzz in the communications space right now.
     
    It’s a time of reform, in-sync with incredible innovation that is making once unviable goals a reality.
     
    This Forum is shining a spotlight on the opportunities this presents for regional, rural and remote Australia.
     
    We know some of these communities face connectivity challenges their city counterparts do not.
     
    Since coming to office, we have been working hard to bridge this divide.
     
    At the last election, we took a record regional telecommunications and connectivity package to the election.
     
    Since then, the Government and NBN Co have expanded fibre access and upgraded fixed wireless, collectively enabling higher speeds to a footprint of nearly 5 million homes and businesses.
     
    Government and industry co-investment has delivered 146 local projects under our Regional Connectivity Plan.
     
    And more than 150 base stations have been built under the Mobile Black Spot Program this term.
     
    These projects have helped carry over 43 million calls, including 48,000 emergency calls.
     
    We are backing Aussie farmers and ag-tech suppliers through our hugely popular On Farm Connectivity Program, which the National Farmers Federation has singled out as one of the best Commonwealth initiatives ever for their sector.
     
    NBN Co has delivered free Community Wi-Fi for First Nations communities, and free home broadband to school kids who would otherwise go without.
     
    And just this week, we have tripled down on our ambition and optimism for the future with our announcement of a Universal Outdoor Mobile Obligation.
     
    The fact is the Albanese Government is delivering with competence, and with a Labor heart.
     
    And the biggest risk to this progress is a Liberal-National Coalition Government.
     
    Let there be no doubt that if Peter Dutton becomes Prime Minister he will privatise the NBN to pay for his $600 billion nuclear fantasy.
     
    It is Australian consumers and regional communities who will pay the price.
     
    In nine years, the Coalition took Australia back from fibre to copper, and created a new acronym for the universal access framework which they were unwilling to reform.
     
    And just before they were voted out, they sneakily tried to push up NBN wholesale prices by inflation plus three per cent on some products.

    Their new Shadow Minister – the third in three years – never once mentioned connectivity during her six years in Parliament before coming into the portfolio.
     
    And Mr Dutton will ensure the Shadow’s effective title will be the ‘Minister for Privatisation’ – not the Minister for Communications.
     
    Australia can do much better than that.
     
    I want to close by thanking the industry, consumer groups, and indeed regional and stakeholders across this portfolio for your engagement throughout this term.
     
    We have learnt much from you. We have left nothing on the field, and sought to do our best.
     
    As a marginal seat holder, and as I’ve said before previous elections, I’ll either be seeing a lot more of you or a lot less of you.
     
    And an important election contest will be fought over the coming month or two.
     
    What I do want you to know is that I and the Albanese Government genuinely value your expertise, and your voice has made a difference.
     
    Now is not a time for thinking small, looking back or aiming low.
     
    This is a time to lean-in to opportunities and forge ahead in making Australia the most connected continent.
     
    Labor is doing this with one eye on the sky, and the other watching out for what’s best for all Australians – regardless of who – or where – they are.

    Every Australian deserves access to fast, reliable and affordable connectivity.
     
    Let’s keep working together to build our future, and deliver the modern world-class communications network our country demands and deserves.
     
    Thank you.
     

    MIL OSI News

  • MIL-OSI USA: Padilla, Durbin, Schiff Blast Trump Administration’s Plan to Use Federal Prisons for Mass Deportation Efforts

    US Senate News:

    Source: United States Senator Alex Padilla (D-Calif.)

    Padilla, Durbin, Schiff Blast Trump Administration’s Plan to Use Federal Prisons for Mass Deportation Efforts

    Senate Judiciary Democrats to Attorney General Bondi: “We write to object to the recent decision to use Federal Bureau of Prisons facilities to detain immigrants swept up in the Trump Administration’s mass deportation efforts and urge you to reconsider this plan”

    WASHINGTON, D.C. — Today, U.S. Senator Alex Padilla (D-Calif.), Ranking Member of the Senate Judiciary Immigration Subcommittee, joined Senate Democratic Whip Dick Durbin (D-Ill.), Senator Adam Schiff (D-Calif.), and other Senate Judiciary Committee Democrats in condemning the Trump Administration’s intended use of Bureau of Prisons (BOP) facilities to detain immigrants as part of President Trump’s mass deportation plan. The move is a policy revival from Trump’s first administration, where detained immigrants described allegations of mistreatment and unconstitutional detention conditions. The detainees, many of whom were seeking asylum, were often denied access to legal counsel, phone calls, clean clothing, educational programming, and even religious freedom.

    The Senators expressed concerns with the February 7 memo from BOP’s Correctional Programs Branch directing the policy change. They highlighted the memo’s lack of answers on how to safely manage interactions between civil immigration detainees and incarcerated criminals, how BOP staff will receive sufficient training and resources to manage the civil immigrant detainee population, and whether BOP facilities could meet basic immigration detention standards.

    “[This memo fails] to provide meaningful guidance and direction to staff on the serious questions raised by these instructions,” wrote the Senators. “… Due to [the Bureau of Prisons] already suffering from years of understaffing, inadequate resources, and crumbling infrastructure, the Administration’s decision to revive immigration detention in BOP facilities seriously threatens the safety and well-being of BOP staff, incarcerated individuals, and immigrant detainees.”

    “Until serious funding and staffing challenges outlined above are addressed, federal prisons simply cannot safely and humanely meet the needs of its current inmate population, much less the needs of civil immigration detainees,” continued the Senators. “Immigration detainees in federal prisons will face substandard conditions and care, and their detention will only exacerbate significant institutional problems facing the Bureau. We therefore urge you to reconsider this plan and instead work with us to address BOP’s existing challenges.”

    In their letter, the Senators also outlined the long-faced staffing and infrastructure challenges that this policy change would perpetuate, as detailed by labor unions and previous Committee hearings. Additionally, they described understaffing as just “one symptom of chronic underinvestment in the Bureau,” including growing maintenance needs that executive staff characterize as a “foundational, enterprise-wide challenge” costing $3 billion.

    In addition to Padilla, Durbin, and Schiff, the letter is also signed by U.S. Senators Cory Booker (D-N.J.), Mazie Hirono (D-Hawaii), Peter Welch (D-Vt.), and Sheldon Whitehouse (D-R.I.).

    Senator Padilla is a leading voice in Congress opposing President Trump’s anti-immigrant actions and rhetoric. He sharply criticized Trump’s harmful executive orders targeting immigrants at the start of his second Administration. Yesterday, Padilla denounced Trump’s transfer of immigrants from the United States to Guantánamo as unlawful and demanded answers regarding these transfers. Last week, Padilla cosponsored the Born in the USA Act to effectively block the implementation of Trump’s unconstitutional executive order attempting to end birthright citizenship for certain children born in the United States, or a similar subsequent executive order. Last year, Padilla emphasized the dangers and immense economic costs of the Trump Administration’s mass deportation plans during a Senate Judiciary Committee hearing.

    Full text of the letter to Attorney General Bondi is available here and below:

    Dear Attorney General Bondi:

    We write to object to the recent decision to use Federal Bureau of Prisons facilities to detain immigrants swept up in the Trump Administration’s mass deportation efforts and urge you to reconsider this plan.

    During the previous Trump Administration, detained immigrants described alleged mistreatment and unconstitutional detention conditions in federal prisons. The detainees, many of whom were seeking asylum, lacked access to legal counsel, religious rights, phone calls, educational or other programming, and even clean clothing. Despite this troubling history, the current Trump Administration is apparently relying on the same poorly conceived detention scheme.

    On February 7, the Bureau’s Correctional Programs Branch issued a memo stating that, “[e]ffective immediately, Federal Bureau of Prisons (BOP) employees will accept and process all new Department of Homeland Security (DHS) detainees,” while failing to provide meaningful guidance and direction to staff on the serious questions raised by these instructions. These questions include how to manage interactions between civil immigration detainees and the existing criminally incarcerated population; how the Department of Justice (DOJ) and DHS will ensure BOP staff receive adequate training and resources to meet the needs of the civil immigrant detainee population; and whether BOP facilities would even be able to meet basic immigration detention standards. Due to BOP already suffering from years of understaffing, inadequate resources, and crumbling infrastructure, the Administration’s decision to revive immigration detention in BOP facilities seriously threatens the safety and well-being of BOP staff, incarcerated individuals, and immigrant detainees.

    With 122 institutions nationwide, BOP is responsible for the well-being and rehabilitation of over 155,000 federal inmates, nearly 143,000 of whom are in BOP custody. The Bureau has long-faced significant staffing and infrastructure challenges. At the end of 2024, BOP announced plans to permanently close one prison and idle six additional facilities due to “significant challenges, including a critical staffing shortage, crumbling infrastructure and limited budgetary resources.” BOP already grapples with considerable resource deficiencies in discharging its primary mandate, and simply does not have adequate resources to take on the additional challenge of safely and humanely accommodating immigration detainees.

    The Bureau’s chronic understaffing challenges are well-documented. President Trump’s order to freeze hiring of all federal civilian employees as of January 22, 2017 exacerbated the situation. BOP reportedly eliminated 6,000 positions as a result, a 14 percent staffing decrease from 2016 levels. Though the hiring freeze was rescinded later in the Trump Administration, the Bureau has continued to struggle with underfunding, resulting in decreased competitiveness in the employment market; staffing levels have still not rebounded. As set forth in a February 2024 letter to then-President Biden from the President of the Council of Prison Locals 33, American Federation of Government Employees AFL-CIO, the Bureau has lost “almost 9,000 staff since 2016,” bringing the federal prison workforce down to a “critical level.” As of December 2024, BOP is authorized for 14,900 full time correctional officer positions and reported 12,662 officers in pay status. BOP is additionally authorized for 27,498 “other” positions, of which the Bureau reports 23,949 are in pay status.

    As several recent Senate Judiciary Committee hearings have highlighted, understaffed prisons already face immense challenges in keeping current populations and staff safe, let alone accommodating an influx of immigration detainees. BOP currently institutes inadequate workarounds to address dangerous staff shortages. A February 2024 DOJ Office of the Inspector General (OIG) report on inmate deaths detailed BOP’s overreliance on augmentation, the practice of assigning noncustodial staff such as teachers, case managers, and medical staff to perform routine correctional officer duties for a period of time to help offset correctional staff shortages. BOP also mandates overtime to compensate for staffing shortages, with officers “often covering six to seven days per week with shifts extending up to 16 hours,” according to the correctional officers union. The OIG report “found that both practices burdened existing staff and potentially contributed to staff fatigue, sleep deprivation, decreased vigilance, and inattentiveness to duty,” outcomes negatively affecting staff morale and performance.

    The significant stress on BOP staff caused by chronic understaffing predictably impacts the Bureau’s ability to care for those in its custody. For example, staff shortages in health and psychology positions “can negatively affect the availability and quality of treatment, programming, and general medical and mental healthcare” for incarcerated individuals, including “treatment and programs designed to treat substance abuse disorders and mental illnesses.” NPR found that some incarcerated individuals have been forced to wait months or years for necessary medical treatment. Similarly, understaffing in educational and programming positions hinders successful implementation of rehabilitative programs designed to reduce recidivism—including programming mandated by the First Step Act, the bipartisan criminal justice reform legislation that President Trump signed into law in 2018.

    Most alarmingly, safety and security cannot be ensured without minimum levels of staffing. For example, in 2022, a fight left two incarcerated individuals dead in United States Penitentiary Beaumont. The correctional officers’ union condemned the incident and noted that “chronic understaffing of our prisons is jeopardizing the lives of both workers and inmates.” Indeed, according to the OIG’s February 2024 report, “[t]he BOP specifically identified insufficient staffing as an issue in at least 30 of the inmate deaths” that the report examined.

    Understaffing is just one symptom of chronic underinvestment in the Bureau. For example, a May 2023 DOJ OIG report noted that “BOP has limited resources to address its extensive and growing maintenance needs, and in many cases, necessary repairs cannot be completed in a timely manner due to a lack of funding.” Examples of the Bureau’s “aging and failing infrastructure” include buckling concrete, water leaks, poor ventilation, and energy inefficiencies. BOP Executive Staff have described the inability to address this issue as a “foundational, enterprise-wide challenge.” In February 2024, then- BOP Director Colette Peters testified to the Senate Judiciary Committee that the Bureau has a maintenance and repair backlog of about $3 billion.

    Immigration detention facilities with which DHS contracts must comply with U.S. Immigration and Customs Enforcement (ICE) immigration detention standards, including providing access to medical and mental health care, access to counsel, language access, access to religious opportunities, a process for reporting and responding to complaints, and limitations on solitary confinement. Troubling reports indicate that BOP is not observing ICE detention standards, which reflect the appropriate conditions for the unique nature of civil immigration detainees. Indeed, given the staffing, infrastructure, and resource challenges that BOP faces, BOP facilities cannot be expected to rapidly adapt to meet such standards—and as a result they will likely again face challenges regarding unconstitutional conditions of confinement.

    Until serious funding and staffing challenges outlined above are addressed, federal prisons simply cannot safely and humanely meet the needs of its current inmate population, much less the needs of civil immigration detainees. Immigration detainees in federal prisons will face substandard conditions and care and their detention will only exacerbate significant institutional problems facing the Bureau. We therefore urge you to reconsider this plan and instead work with us to address BOP’s existing challenges.

    We look forward to your prompt response.

    Sincerely,

    MIL OSI USA News

  • MIL-OSI Russia: Sobyanin approved priorities for the development of the Moscow education system

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    The Presidium of the Moscow Government considered the issue of priorities for the development of the education system in the capital for 2025. Based on its results, Sergei Sobyanin decided to increase the standards for per capita financing of general education schools to improve the quality of education while simultaneously leveling the standards for grades 5-11. 46 billion rubles will be allocated for these purposes. In addition, a decision was made to develop a system of mathematical and natural science training for schoolchildren, increase the number of budget places in colleges for Muscovites – ninth-grade graduates to support the growing interest in secondary vocational education, and to build five advanced schools of the future.

    The capital is among the top five world leaders in the quality of school education. The decisions taken will help maintain and improve these positions, as well as ensure the competitiveness of Moscow school graduates in the context of the transformation of the labor market and the development of digital technologies.

    Increased funding and regulations

    In 2025, funding for school education will be further increased by 13 percent. 46 billion rubles will be allocated from the city budget for these purposes.

    High results and success of students in high school, college and university largely depend on basic fundamental training in elementary school and in grades five to nine, since it is during this period that interest in learning is formed, and the talents and abilities of the child are revealed. Therefore, today it is important to pay the same attention to elementary and basic school as to high school. This will become an important factor in the further growth of the quality of capital education and the success of students.

    In this regard, the Moscow Government decided to introduce a single high standard of financing in grades 5-11 instead of two different ones for the middle and senior levels, and also to increase its size. It will amount to 197 thousand rubles per year per student.

    In basic school (grades 5–9), the standard will increase by almost 20 percent, and for grades 10–11, by 5.4 percent. The per capita standard in primary school (grades 1–4) will increase by almost 15.7 percent, to 171,000 rubles per year.

    Strengthening the natural science and mathematics areas in school

    In addition, additional budget funds will be allocated to improving the quality of mathematical and natural science training for schoolchildren, which determines the achievement of the capital’s technological leadership.

    Starting from the new 2025/2026 academic year, schools will organize city-wide courses in mathematics, science, and technology for grades one through six. Students will solve creative problems, developing logic, spatial, and analytical thinking. New city Olympiads will also appear, including experimental ones, for the early identification of children’s talents and their subsequent individual support. Already in April next year, at the “Ready for Life in a Smart City” Olympiad, students in grades three through four will be able to demonstrate the skills they acquired in additional classes.

    Conducting such classes will also require a more advanced level of teacher training and acquisition of new competencies. From April 1 of this year, teachers will be offered a new system of training and advanced training in special courses.

    The decision to develop additional courses for schoolchildren was made taking into account the growing interest of schoolchildren in mathematical and natural science education. In 2025, a record 60 percent of eleventh-graders will take the advanced level mathematics course on the Unified State Exam — more than 32 thousand graduates.

    Over the past five years, interest in computer science has grown by 46 percent, with 16,000 people taking the exam this year. In addition, physics has become a popular subject for the first time in the last few years, with more than 10,000 graduates choosing it.

    Building schools of the future and upgrading educational infrastructure

    Systematic development of education is impossible without the formation of a high-quality educational environment. The capital has begun implementing an unprecedented project to update school infrastructure and material and technical base.

    Since 2024, a large-scale program “My School” has been implemented, within the framework of which it is planned to modernize up to 100 school buildings per year. Now, after reconstruction, the first four buildings have been opened. By the beginning of the new academic year, about 50 schools in Moscow will be modernized. More than 35 thousand children will study in modern, comfortable and high-tech classes.

    At the same time, the city continues to build new school buildings. In particular, a decision was made to create five advanced schools of the future in Presnensky, Meshchansky, Basmanny and Tagansky districts. New educational buildings will be built according to innovative standards, including the creation of comfortable spaces for scientific experiments, group and individual work, exhibition areas for projects, a media library with an atrium and recreation areas. Particular attention will be paid to visual openness and filling the space with light.

    By 2032, about a thousand school buildings will be built or modernized in the capital.

    Expanding educational choice for young people

    The priority task in the field of education is to provide young people with the widest possible choice of educational trajectory in accordance with the interests and talents of each student.

    Schoolchildren who continue their education in grades 10-11 study at least two subjects in depth to better prepare for entering a university. The capital’s pre-professional education standard, which is based on the “school-college-university-enterprise” model, has also proven its effectiveness.

    Traditionally, after completing the ninth grade, many graduates choose to continue their education in college, which allows them to quickly obtain a sought-after profession and begin an independent life. More than 75 percent of vacancies on the Moscow labor market are aimed at specialists with secondary vocational education. The share of graduates of city colleges who get a job in their specialty is 95 percent.

    The 2024 admission campaign showed a growing interest among ninth-graders in secondary vocational education. The allocated 16 thousand additional target places were filled by 100 percent. Twice as many ninth-graders became college students — about 36 thousand people.

    Among the most popular areas are information technology and programming, graphic design, cooking and confectionery, tourism and hospitality. Demand among applicants for specialties in finance and trade, education and the social sphere is growing.

    Taking this trend into account, in 2025 the Moscow Government decided to increase the number of budget places in city colleges for ninth-grade graduates according to need.

    Starting in 2023, the city will implement a set of measures to modernize and systematically develop secondary vocational education. It is based on two basic principles:

    — relevance and demand (educational programs are developed with the direct participation of employers and professional associations);

    – practical orientation (students are immersed in a professional environment from the first year of study at college, and practical classes make up at least 70 percent of the total training time and are conducted under the guidance of experienced mentors and industrial training masters).

    One of the key elements of change is constant interaction with employers, working according to their requests. Today, city colleges have more than three thousand partners from all sectors of the economy.

    Another important area of modernization of secondary vocational education in Moscow is the large-scale re-equipment of colleges. Over the course of several years, it is planned to re-equip or create anew more than two thousand laboratories and workshops. This will allow practical and laboratory work to be carried out at a modern technological level using equipment that operates at city enterprises.

    Three flagship practical training centers will also be built on the basis of modern production facilities. One of them, located in the Rudnevo industrial park, opened in October 2024.

    The plans include building seven innovative educational campuses with a total area of over 400,000 square meters to accommodate over 60,000 students by 2031. Among them are colleges in the creative industries, information technology, healthcare, hospitality, industry, transport, construction, and others.

    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 access to What the Source Is Stating and Does Not Reflect

    HTTPS: //vv.mos.ru/mayor/tkhemes/12423050/

    MIL OSI Russia News