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Category: Transport

  • MIL-OSI Asia-Pac: LCQ8: Hosting events of 15th National Games, 12th National Games for Persons with Disabilities and 9th National Special Olympic Games

    Source: Hong Kong Government special administrative region

         Following is a question by the Hon Kenneth Lau and a written reply by the Secretary for Culture, Sports and Tourism, Miss Rosanna Law, in the Legislative Council today (February 12):
     
    Question:
     
         The 15th National Games (NG), the 12th National Games for Persons with Disabilities (NGD) and the 9th National Special Olympic Games (NSOG) to be co-hosted by Guangdong Province, the Hong Kong Special Administrative Region and the Macao Special Administrative Region for the first time will be held from November 9 to 21 and from December 8 to 15 this year respectively. Hong Kong will host eight competition events and one mass participation event for the 15th NG, as well as four competition events and one mass participation event for the 12th NGD and the 9th NSOG. In this connection, will the Government inform this Council:
     
    (1) of the following information on the events to be hosted in Hong Kong: (i) the arrangements for event management and competition schedules, (ii) the number of participating athletes, (iii) the expected number of spectators, (iv) the details of the publicity and promotional activities, and (v) the ticketing arrangements;
     
    (2) of the specific measures put in place by the authorities to enhance the ancillary transport facilities and capacity of the main stadiums and venues of the events to be hosted in Hong Kong (including Kai Tak Sports Park, Hong Kong Coliseum, Hong Kong Velodrome, Hong Kong Golf Club – Fanling Golf Course, Victoria Park, and Central Harbourfront Event Space and Victoria Harbour) during the events;
     
    (3) as it is learnt that the recruitment of volunteers for the 15th NG, the 12th NGD and the 9th NSOG was conducted from July to November last year, of (i) the number of applications received, (ii) the number of volunteers finally selected and (iii) their age distribution;
     
    (4) as it is learnt that the selected volunteers mentioned in (3) will mainly be responsible for tasks such as reception services upon arrival and departure, spectator services, guest reception, crowd control, transport and logistics, catering management and presentation ceremony support, and will receive training, of the details of the manpower establishment and training of volunteers for the aforesaid tasks; and
     
    (5) whether it has assessed if the number of selected volunteers mentioned in (3) can meet the relevant manpower demand, and whether it will consider recruiting more volunteers or mobilising civil servants to participate in the support work for the 15th NG, the 12th NGD and the 9th NSOG; if it will, of the details; if not, the reasons for that?
     
    Reply:
     
    President,
     
         Co-hosted by Guangdong, Hong Kong and Macao, the 15th National Games (15th NG), and the 12th National Games for Persons with Disabilities and the 9th National Special Olympic Games (12th NGD and 9th NSOG) will be held from November 9 to 21 and from December 8 to 15, 2025, respectively. The Hong Kong Special Administrative Region (HKSAR) Government has been maintaining close liaison with the General Administration of Sport of China (GASC), the China Disabled Persons’ Federation (CDPF), the People’s Government of Guangdong Province, and the Macao Special Administrative Region Government. In addition, the HKSAR Government has been working with the concerned National Sports Associations and other related organisations in Hong Kong to press ahead with the preparatory work. Bringing success to the 15th NG and the 12th NGD and 9th NSOG is a significant mission of the HKSAR Government this year, and they are also mega events. We will continue to dedicate the fullest efforts to taking forward the related work with a view to co‑hosting a “simple, safe and wonderful” 15th NG as well as 12th NGD and 9th NSOG in collaboration with Guangdong and Macao, and thereby deepening the exchanges and collaborations in sports between Hong Kong and the Greater Bay Area cities, and also their overall integrated development.
          
         Our reply to the question raised by the Hon Kenneth Lau is as follows:
     
     (1)(i) The 15th NG will have competition events for 34 sports and mass participation events for 23 sports. Hong Kong will host eight competition events (namely basketball (men U22), track cycling, fencing, golf, handball (men), rugby sevens, triathlon and beach volleyball) and one mass participation event (namely bowling). In addition, Hong Kong will assist Zhuhai and Shenzhen respectively in organising two cross-boundary events, namely road cycling and marathon.
     
         The 12th NGD and 9th NSOG will have competition events for 35 sports and mass participation events for 11 sports. Hong Kong will host four competition events (namely boccia, wheelchair fencing and table tennis (TT11) for NGD, and table tennis for NSOG) and one mass participation event (namely para dance sport).
          
         In view of the numerous events in the 15th NG and the 12th NGD and 9th NSOG, the Governments of Guangdong, Hong Kong and Macao are co-ordinating the overall schedules of the Games for submission to the GASC and the CDPF for approval. We will continue to liaise closely with the GASC, the CDPF as well as the Governments of Guangdong and Macao with a view to finalising the schedules of the 15th NG and the 12th NGD and 9th NSOG as soon as possible. The details will be announced in due course.
     
    (ii) Based on the competition prospectuses and guidelines promulgated by the GASC and the CDPF, it is estimated that about 1 800 and 700 athletes will participate respectively in the 15th NG events and the 12th NGD and 9th NSOG events in Hong Kong. In addition, it is estimated that about 1 000 delegation officials (including coaches, team physicians), 800 technical officials (including referees), and 750 members of the media will visit Hong Kong during the 15th NG and the 12th NGD and 9th NSOG.
     
    (iii) It is estimated that the events in Hong Kong will attract more than 100 000 spectators from Hong Kong, the Mainland and other regions.
     
    (iv) The Culture, Sports and Tourism Bureau (CSTB) is working with relevant government departments and organisations to launch territory-wide publicity and promotion campaigns through various online and offline channels, with a view to enhancing the awareness and interest in the 15th NG and the 12th NGD and 9th NSOG among different sectors of the community. The initiatives include conducting multi-channel publicity through traditional media, social media, city dress-up and roving exhibitions; organising community and school promotion programmes in co-operation with local organisations and schools; hosting feature events such as exchanges with athletes and sports experiential activities in collaboration with sports organisations; and launching a dedicated website and applications for digital marketing.
     
         The first stage of the publicity and promotion campaigns was launched during November to December last year to tie in with the one-year countdown to the 15th NG and the 12th NGD and 9th NSOG, which included rolling out a series of cityscape enhancement, roving exhibitions, publicity videos, thematic website (www.2025nationalgames.gov.hk) and social media pages (www.facebook.com/2025nationalgames.hk, www.instagram.com/2025nationalgames.hk) of Hong Kong for the Games. The second stage commenced in January this year, with initiatives including city dress-up and photo-taking spots featuring the mascots of the Games, enhancing the design of the thematic website, enriching social media content, etc. The third stage, covering the 100-day countdown, torch relay, etc, will begin in August 2025. We will do our utmost to foster a welcoming atmosphere and enhance the popularity and participation of the Games in Hong Kong, whilst encouraging Hong Kong people and tourists to watch the Games and cheer for the athletes.
     
    (v) Guangdong, Hong Kong, and Macao are discussing the ticketing plans and sales arrangements for the 15th NG and the 12th NGD and 9th NSOG. The three places will adopt the same sales platform. 
     
    (2) The competition venues for the events in Hong Kong, including the soon‑to-open Kai Tak Sports Park, have hosted various large-scale events and competitions previously, or undergone different drills and stress tests. The CSTB is, in collaboration with the relevant departments including the Hong Kong Police Force, the Transport Department, conducting a detailed assessment on the traffic and transport arrangements to and from the venues having regard to the transport facilities and capacity of the venues, their past experiences in staging competitions, and the number of participating athletes and spectators for each event.  We will formulate specific transport measures and special transport arrangements having regard to the assessment, and discuss with the various public transport operators on strengthening the public transport service as appropriate.
     
    (3) (i) to (iii) The recruitment of volunteers for the Hong Kong Volunteer Programme of the 15th NG and the 12th NGD and 9th NSOG was conducted from July to November last year. We received a total of over 30 000 applications for volunteer leaders or volunteers. In addition, about 2 000 young people aged between 15 and 17 have applied as youth volunteers. The selection interviews for volunteer leaders and volunteers were completed in January this year, and we plan to invite about 15 000 applicants to attend training. Individuals completing all the required training sessions will be appointed as the Games’ volunteers in Hong Kong. The final number of volunteers and their age distribution will only be available after completion of the whole recruitment exercise.
     
    (4) We are formulating the detailed volunteer deployment plan. We will take into account the nature and arrangements of individual events as well as the numbers of participating athletes and spectators, and thereby assessing the requirements for supporting services and the types of volunteer positions. We will also estimate the manpower requirement for different volunteer positions having regard to factors such as the skills required, the service hours and the place of work of the positions involved.
     
         All volunteers are required to attend basic training and position-related training. The basic training, lasting for about two days, will cover various areas including the background of the 15th NG and the 12th NGD and 9th NSOG and a brief introduction of the events in Hong Kong; the principles, code of practice and etiquette of volunteer work; communication, response and problem-solving skills; the ways of assisting people with disabilities and basic first-aid knowledge. Volunteer leaders are required to receive additional advanced training of about two days, covering the roles of volunteer leaders, the ways of handling unexpected situations, expectation management, mental health management, media handling skills, operation of volunteer management system, skills in leading and bonding volunteers. We will start the training for volunteer leaders in February this year and that for volunteers in general in March.
     
    (5) The response to the Hong Kong Volunteer Programme has been satisfactory, with the number of applicants succeeding in the selection far exceeding the original recruitment target of 10 000 volunteers. The volunteer applicants have already included members of civil service volunteer teams. At present, we have no plan to recruit additional volunteers.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LCQ19: Lifesaving services at swimming pools

    Source: Hong Kong Government special administrative region

    LCQ19: Lifesaving services at swimming pools
    LCQ19: Lifesaving services at swimming pools
    ********************************************

         Following is a question by the Hon Kenneth Fok and a written reply by the Secretary for Culture, Sports and Tourism, Miss Rosanna Law, in the Legislative Council today (February 12): Question:      It is learnt that the Leisure and Cultural Services Department has installed artificial intelligence (AI) drowning detection systems developed by the University of Hong Kong and France at the Kwun Tong Swimming Pool and the Sun Yat Sen Memorial Park Swimming Pool respectively to help strengthen lifesaving services at public swimming pools. In this connection, will the Government inform this Council: (1) whether the Government has examined the manpower and financial expenditure (including acquisition costs, installation costs and system maintenance fees) involved since the commissioning of the aforesaid two AI systems and reviewed their effectiveness; if so, of the details; if not, whether it will expeditiously commence the relevant work before the summer swimming season; (2) whether the Government has assessed and compared the actual operation of the aforesaid two systems, including their effectiveness, accuracy, ease of operation and interface with lifeguards and lifesaving mechanisms at swimming pools, with a view to providing a reference point for the retrofitting of such systems at more public swimming pools in the future; if so, of the details; if not, the reasons for that; and (3) given that according to a report released by the Office of The Ombudsman in March last year on its direct investigation into the regulation of licensed swimming pools by the Food and Environmental Hygiene Department (FEHD), the FEHD has not put in place an accident notification mechanism for licensed swimming pools, whether the Government will consider mandating private swimming pools to install AI drowning detection systems and establish a real-time notification mechanism to ensure that the FEHD and the relevant government departments can be expeditiously informed of drowning incidents, thereby enhancing regulatory efforts on private swimming pools; if so, of the details; if not, the reasons for that? Reply: President,      Having consulted relevant government departments, my reply to the questions raised by the Hon Kenneth Fok is as follows: (1) The Leisure and Cultural Services Department (LCSD) has all along prioritised the safety of swimmers in both the facilities as well as the operation of its venues. Apart from providing sufficient lifeguards, the LCSD has put on trial two different sets of artificial intelligence (AI) drowning detection systems at Kwun Tong Swimming Pool and Sun Yat Sen Memorial Park Swimming Pool respectively to assist lifeguards in monitoring the real-time condition of swimmers and locating drowning victims promptly with a view to further strengthening life-saving services.      The AI drowning detection system developed by the University of Hong Kong Sport AI Laboratory has been on trial at the outdoor secondary pool of Kwun Tong Swimming Pool since August 2023. Through AI detection technology, the system analyses the videos and images captured by cameras installed underwater and calculates the drowning probability of swimmers. If suspected drowning is detected, the system will alert the lifeguards to carry out a rescue. The system was developed with a grant of around $900,000 by the Innovation, Technology and Industry Bureau. The LCSD has subsequently installed additional sets of underwater detection devices and upgraded the existing sets of underwater cameras in the secondary pool. The project cost was around $700,000, with an estimated annual expenditure on system maintenance of around $130,000.           The AI drowning detection system developed by a French company was installed at the indoor main pool and training pool of Sun Yat Sen Memorial Park Swimming Pool in September 2024. The system uses cameras installed above the pools to capture images and performs comprehensive tracking and analysis of swimmers’ motions. If a swimmer is found to remain stationary for over 10 seconds, the system will consider it a case of suspected drowning, trigger the alarm and display the drowning location for lifeguards to carry out a rescue. Relevant installation cost of the system was about $7.9 million, with an annual maintenance cost of approximately $1.1 million. In addition, equipment and devices of the system require a comprehensive inspection every three years to ensure its stability and safety. The estimated cost of such inspection is around $500,000. (2) At present, the two detection systems mentioned above are still in trial phase. The LCSD needs to adjust the systems from time to time based on the actual environment and usage, and observe the operation of the systems in different seasons so as to ensure the stability and reliability of the data collected. Hence, a comprehensive set of data for assessment has yet to be available. Upon completion of tests and data analyses in different seasons, the LCSD will review and compare the cost-effectiveness of the two systems before deciding whether to extend the application of the systems to other public swimming pools. (3) To strengthen the regulation of licensed swimming pools, the Food and Environmental Hygiene Department (FEHD) has, in response to the recommendations of the Office of the Ombudsman, established a notification mechanism for fatal drowning cases in licensed swimming pools. In May 2024, the FEHD issued a letter to swimming pool licensees imposing new licensing conditions which require the reporting of cases involving casualties within a prescribed period. The FEHD officers will conduct site inspections for fatal drowning cases to ascertain whether the swimming pools concerned have provided sufficient life-saving attendants and appropriate life-saving equipment as required by the law and the licensing conditions. The FEHD will also examine the relevant cases and require the licensed swimming pools to take additional measures to further protect the safety of swimmers as necessary.      The FEHD and the LCSD share experience and exchange information from time to time on the regulation and management of swimming pools, including the application of technology to enhance swimmers’ safety. As the AI drowning detection system is still in the trial stage, the FEHD will maintain contact with the LCSD to understand the application of the system.

     
    Ends/Wednesday, February 12, 2025Issued at HKT 11:15

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Mahakumbh 2025: 10-15 Tons of Trash removed daily by Trash Skimmer from Triveni Sangam in Prayagraj

    Source: Government of India

    Posted On: 11 FEB 2025 10:33PM by PIB Delhi

    The Prayagraj Municipal Corporation is actively working to realize Prime Minister Shri Narendra Modi’s vision of Swachh Bharat, and keep the Triveni Sangam clean and pure. For this, trash skimmer machines have been installed, which remove 10 to 15 tons of waste daily from the Ganga and Yamuna rivers.

    The preparations for the world’s largest event, the Mahakumbh, began nearly four years ago when the trash skimmer machine was installed. Initially, this machine removed 50-60 quintals of waste daily. After observing its effectiveness, the Prayagraj Municipal Corporation bought another machine about two years ago, which doubled the pace of cleaning the rivers.

    Machine Capacity: 13 Cubic Meters

    The machines cleaning both rivers have a capacity of 13 cubic meters and cover a 4 km area in the river, from the Sangam to the boat club and beyond. These machines collect floating flowers, garlands, paper plates, incense wrappers, plastic, coconuts, clothes, etc., from the surface.

    Disposal of Waste at a Single Location

    Municipal Corporation officials state that the waste collected by the machines is disposed off at a designated spot near Naini. From there, it is transported daily by trucks to a plant located in Baswar, where the waste is separated into coconuts, plastic, and other materials. The plastic is sent for recycling, while other usable materials are turned into compost.

    What is a Trash Skimmer Machine?

    – A trash skimmer is used to collect floating waste from the surface of the water. This machine is employed to clean rivers, ports, and seas.

    – It collects plastic, bottles, religious waste, clothes, metal items, offerings, dead animals and birds, etc.

    – It also helps in removing water weeds (water hyacinth).

    How Does a Trash Skimmer Work?

    – The machine has gates on both sides, with conveyor belts inside them. These gates hydraulically close to trap the waste. Once collected, the waste is transferred onto the conveyor belt.

    – From there, it moves to an unloading conveyor belt, where it is disposed of.

    *****

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: English Translation of Prime Minister’s remarks at the India-France CEO Forum, Paris

    Source: Government of India (2)

    Posted On: 11 FEB 2025 11:59PM by PIB Delhi

    Your Excellency, President Macron,
    Industry leaders from India and France present here,
    Namaskar, Bonjour!

    I feel a wonderful energy, excitement and dynamism in this room. This isn’t just a normal business event.

    It is a confluence of the best business minds of India and France. The report of the CEO Forum that has just been presented is welcome.

    I see that all of you are moving ahead with the mantra of Innovate, Collaborate and Elevate. You are not just making boardroom connections. You all are also strengthening the Indo-French strategic partnership.

    Friends,

    It is a pleasure for me to join this forum with my friend President Macron. This is our sixth meeting in the last two years. Last year, President Macron was the Chief Guest at our Republic Day.

    This morning we had co-chaired the AI Action Summit together. I heartily congratulate President Macron for this successful summit.

    Friends,

    India and France are not just linked by democratic values. The foundation of our friendship is based on the spirit of deep trust, innovation, and public welfare.

    Our partnership is not limited to just two countries. We are cooperating together to address global problems and challenges. During my last visit, we had outlined the 2047 roadmap for our partnership. Following that, we are pursuing cooperation in a comprehensive manner in every field.

    Friends,

    Most of your companies are already present in India. You are active in different areas like aerospace, ports, defence, electronics, dairy, chemicals and consumer goods.

    I have had the opportunity to meet many CEOs in India as well. You are well aware of the changes that have taken place in India in the last decade. We have established a stable polity, and predictable policy ecosystem.

    Following the path of reform, perform, and transform, today India is the fifth largest economy in the world. It is the fastest growing major economy in the world.

    It will soon become the world’s third largest economy. India’s skilled young talent factory and innovation spirit are our identity on the global stage.

    Today, India is fast becoming a preferred global investment destination.

    We have launched AI, semiconductor and quantum missions in India. In defence, we are promoting Make in India and Make for the World. Many of you are associated with it. We are scaling new heights in space technology. This sector has been opened up for FDI. We are rapidly making India a global biotech powerhouse.

    Infrastructure development is a matter of priority for us. And on this, we are doing public expenditure of more than $114 billion a year. We have laid railway tracks on a massive scale, using technology to modernize and upgrade the railways.

    We are fast moving towards the target of 500 Gigawatts of renewable energy by 2030. For this, we have promoted solar cell manufacturing. We have also launched the Critical Mineral Mission.

    We have also taken up the Hydrogen Mission. For this, electrolyser manufacturing is being emphasized. By 2047, we are aiming for 100 gigawatts of nuclear power. I am happy to share that this sector is being opened up to the private sector. We are focusing on SMR and AMR technologies.

    Friends,

    Today India is becoming the biggest center of diversification and de-risking. A few days ago, a new generation of reforms were outlined in our budget.

    New steps have been taken for ease of doing business. In the last few years, we have rationalized more than 40,000 compliances. To promote trust-based economic governance, a high level committee for regulatory reforms has been formed. The custom rate structure has been rationalised.

    To facilitate international trade, “India Trade Net” is being introduced with the help of digital public infrastructure. We are bringing a new simplified income tax code towards Ease of Living.

    The National Manufacturing Mission has been announced. And, new sectors, such as the insurance sector, have been opened for 100 percent FDI. You must study all these initiatives carefully.

    Let me tell you all, this is the right time to come to India. Everyone’s progress is linked to India’s progress. An example of this was seen in the aviation sector, when Indian companies placed large orders for airplanes. And, now, when we are going to open 120 new airports, you can imagine the future possibilities for yourselves.

    Friends,

    The 1.4 billion people of India have resolved to build a developed India by 2047. Be it defence or advanced technology, fintech or pharma, tech or textile, agriculture or aviation, healthcare or highways, space or sustainable development. There are many opputunities for investments and collaborations in all these areas for all of you.

    I welcome you all to join India’s development journey.

    When France’s finesse and India’s scale meet…

    When India’s pace and France’s precision join…

    When France’s technology and India’s talent unite…

    Then, not just business landscape, but global transformation will happen.

    Once again, I thank you all very much for taking your precious time to come here.

    DISCLAIMER – This is the approximate translation of Prime Minister’s remarks. Original remarks were delivered

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Mahakumbh 2025: Extra Arrangements in place to transport Pilgrims to Mahakumbh on Magh Purnima

    Source: Government of India

    Mahakumbh 2025: Extra Arrangements in place to transport Pilgrims to Mahakumbh on Magh Purnima

    1200 additional buses reserved for return journey, with buses available every 10 minutes for rural areas

    750 shuttle buses prepared to take pilgrims to nearby locations from temporary bus stations, with frequency of  two minutes

    Posted On: 11 FEB 2025 10:26PM by PIB Delhi

    Prayagraj is experiencing a large influx of pilgrims and tourists into the Mahakumbh for the Magh Purnima bath. UP Roadways has made extensive preparations to facilitate this movement of people. In addition to the reserved buses, a fleet of shuttle buses is also ready to facilitate connectivity.

    1200 Reserved Roadways Buses for Pilgrims’ Return Journey, Available Every 10 Minutes 

    By the evening of February 11, 45 crore people had already bathed at the Triveni confluence during the Magh Purnima festival. The state government is working diligently to ensure that they return to their destinations in a safe and organized manner. Uttar Pradesh’s Minister of State for Transport, Shri Daya Shankar Singh, stated that for the successful handling of the main bathing festivals of Mahakumbh 2025, 1200 additional rural buses have been reserved. This will help ensure smooth transport, in addition to the already allocated 3050 buses for the Mahakumbh. These additional buses are specifically reserved for the Magh Purnima snan and the upcoming bathing festivals, ensuring that pilgrims face no inconvenience. Visitors arriving at the four temporary bus stations will find a Roadways bus available every 10 minutes.

    Shuttle Service for Mahakumbh Connectivity, every 2 Minutes

    With the massive number of pilgrims arriving for the Magh Purnima bath, temporary bus stations have been set up around the city, with Roadways buses stationed at each location. Additionally, 750 shuttle buses are ready to take pilgrims to nearby areas within the Mahakumbh zone. According to Roadways officials, these shuttles will operate every 2 minutes. Special arrangements have also been made to prevent overcrowding at the bus stations. The Transport Minister has instructed officials to ensure that pilgrims face no bus-related issues during the Amrit Snan and in the coming days.

    *****

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  • MIL-OSI Asia-Pac: 133 Ambulances, including 7 River and 1 Air Ambulance, deployed for Pilgrims on Magh Purnima

    Source: Government of India

    133 Ambulances, including 7 River and 1 Air Ambulance, deployed for Pilgrims on Magh Purnima

    43 Hospitals in Mahakumbh Nagar on High Alert, with high-tech arrangements for minor to major surgeries in every sector of the Mela

    Posted On: 11 FEB 2025 10:30PM by PIB Delhi

    The Government has made extensive preparations for the safety and health of the pilgrims, visiting the Mahakumbh at Prayagraj, for Magh Purnima. All hospitals in the Mahakumbh area, as well as in the city and district, will remain on high alert. Surveillance through water, land, and air will be in place to ensure the safety of pilgrims. Accordingly, 133 ambulances have been deployed to provide immediate relief in case of emergencies. This includes 125 ambulances, seven river ambulances, and one air ambulance specifically stationed.

    High-Tech Medical Services in every Sector of Mahakumbh

    State-of-the-art medical services are available in each sector of the Mahakumbh area. The facilities range from minor operations to major surgeries. Dr. Gaurav Dubey, the nodal medical officer of the Mahakumbh Mela, stated that the government’s emergency services, especially ambulance services, play a critical role. Over 2,000 medical staff will be deployed in the Mahakumbh area, and more than 700 medical personnel at SRN Hospital will remain on high alert.

    250 Beds Reserved at SRN, Blood Bank Fully Prepared

    As per special instructions from the administration, 250 beds have been reserved at SRN Hospital. Additionally, 200 units of blood are stored to handle emergencies. All 43 hospitals in Mahakumbh Nagar with a 500-bed capacity are fully operational.

    Hospitals Equipped with Modern Facilities

    Swaroop Rani Nehru Hospital has reserved 40 beds for the trauma center, 50 beds for the surgical ICU, 50 beds for the medicine ward, 50 beds for the PMSSY ward, and 40 beds for the burn unit. In addition, a 10-bed cardiology ward and a 10-bed ICU are also fully prepared.

    Special Focus on Medical Supervision and Cleanliness 

    To ensure smooth medical services, 30 senior doctors have been specially assigned, along with 180 resident doctors and over 500 nursing and paramedical staff. The hospital administration has instructed housekeeping agencies to ensure no negligence in cleanliness.

    Administration’s Commitment to Health Services

    Dr. Vatsala Mishra, Principal of Swaroop Rani Nehru Hospital, mentioned that all arrangements have been made to handle any emergency during the Magh Purnima bath. She appealed to the pilgrims to contact the hospital immediately in case of any health issues, assuring them of free and high-quality medical services.

    Deployment of Expert Doctors, 24-Hour Medical Service Available

    Along with 150 medical personnel from the AYUSH department, 30 expert doctors will be deployed to serve the pilgrims. Experts from AIIMS Delhi and BHU will also remain on alert.

    *****

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  • MIL-OSI Asia-Pac: Dr. Mansukh Mandaviya to Inaugurate First-Ever Regional Dialogue on Global Coalition for Social Justice in New Delhi on 24-25 Feb 2025

    Source: Government of India

    Dr. Mansukh Mandaviya to Inaugurate First-Ever Regional Dialogue on Global Coalition for Social Justice in New Delhi on 24-25 Feb 2025

    Hosted by Ministry of Labour & Employment in collaboration with CII-EFI

    Coalition Theme is Responsible Businesses for Inclusive and Sustainable Societies

    Mr. Gilbert F. Houngbo, Director-General of the International Labour Organisation (ILO) to Deliver Keynote Address

    80+ Coalition partners from Asia Pacific region and beyond, including representatives from Governments, Employers’ and Workers’ Organizations, International Agencies, Research and Academic Institutions, International NGOs and Enterprises to Attend

    Participating Ministries include Ministry of Commerce & Industry, Ministry of Corporate Affairs, Ministry of External Affairs, Ministry of Skill Development and Entrepreneurship

    Posted On: 12 FEB 2025 5:41PM by PIB Delhi

    Ministry of Labour & Employment, Government of India, in collaboration with Confederation of Indian Industry (CII)-Employers’ Federation of India (EFI), is set to host the first-ever Regional Dialogue on Social Justice on 24-25 February 2025 at Bharat Mandapam in New Delhi. This landmark event is a significant contribution to the Global Coalition for Social Justice.

    Launched by ILO in 2023, the Coalition is a platform for governments, employers’ and workers’ organizations, international and regional organizations, financial institutions and development banks, enterprises, international non-governmental organizations and academia committed to advancing social justice and engaging in collaborative efforts to achieve shared objectives. The Coalition leverages collaboration among partners to amplify the unique strengths of each participant, comprehensively and coherently addressing social justice challenges.

    As a member of the Asia Pacific Coordinating Group, India is spearheading the first ‘Regional Dialogue’ under the Global Coalition for Social Justice and championing the key intervention “Responsible Businesses for Inclusive and Sustainable Societies” under the Coalition’s thematic area of “Expanding access to and capabilities for Productive and freely chosen Employment and Sustainable Enterprises.”

    The Regional Dialogue will bring together over 80+ Coalition partners from the Asia Pacific region and beyond to explore innovative approaches, exchange best practices, and strengthen collaboration to advancing social justice in the region.

    Hon’ble Union Minister for Labour & Employment, Dr. Mansukh Mandaviya, Hon’ble Minister of State for Labour & Employment, Sushri Shobha Karandlaje and Secretary (Labour& Employment), Ms. Sumita Dawra will grace the inaugural session of this regional dialogue. The event will feature Mr. Gilbert F. Houngbo, Director-General of the ILO, as the keynote speaker.

    The event will also mark the 74th Foundation Day of the Employees’ State Insurance Corporation (ESIC), celebrating its unwavering commitment to ensuring dignified healthcare and economic security for India’s workforce. The ESIC Foundation Day is an occasion to recognize the vital contribution of the organization in fostering social justice through the extension of comprehensive social security benefits for workers and their families in the formal sector. 

    Discussions will focus on critical dimensions of social justice, including responsible business conduct and social protection, aligning with the Coalition’s thematic priorities.

    The event will feature exchange of knowledge and experience sharing through technical discussions and coalition partner’s experiences. The deliberations would strengthen the joint collaboration among partners in the area of promoting social justice in the region.

    Key themes include:

    • Skills, Employment and Social Justice: Empowering Youth and Enterprises for Inclusive and Sustainable Growth
    • Social Protection to Social Justice: Ensuring No One is Left Behind
    • Responsible Businesses: Upholding Fair Working Conditions, Safety, and Health for Enhanced Productivity and Sustainability
    • Building a Bigger Table: Promoting Inclusion and Women’s Participation in the World of Work
    • Advancing Decent Work: Strengthening Corporate Governance and Sustainable Global Value Chains
    • Digitalization for Social Justice – Harnessing AI for Decent Work and Equity

    Key Stakeholders: The thematic dialogue will bring together Coalition partners and other key stakeholders, including representatives from governments, employers’ and workers’ organizations, international and/or regional organizations, research organizations, academia, international NGOs and enterprises.

    Event Highlights

    Day 1 | 24 February 2025

    The first day of the Regional Dialogue on Social Justice will commence with an Inaugural Session. Key highlights include the showcasing of Responsible Business Conduct by Indian employers’ organisation and international business chambers, a joint statement of workers and employers organisations on responsible business practices, and the launch of publications on social justice and social protection. Technical sessions will focus on skills and employment for youth, social protection for informal workers, and promoting women’s participation in the workforce, featuring insights from global partners and stakeholders.

    Day 2 | 25 February 2025
    The second day will delve into responsible business practices, emphasizing fair working conditions, occupational safety, and health, with contributions from the International Organizations and foreign business chambers. Discussions on sustainable global value chains will highlight the role of multinational enterprises in advancing decent work and ethical labour practices. The final session will explore digitalization and AI as tools for social justice, focusing on equitable access, worker rights, and aligning AI with the Sustainable Development Goals (SDGs).

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    Himanshu Pathak

    (Release ID: 2102377) Visitor Counter : 58

    MIL OSI Asia Pacific News –

  • MIL-OSI Africa: Congo: CLG Experts Unpack Upcoming Gas Code and Investment Opportunities

    Source: Africa Press Organisation – English (2) – Report:

    BRAZZAVILLE, Republic of the Congo, February 12, 2025/APO Group/ —

    The matter of the gas code will undoubtedly be discussed at the Congo Energy & Investment Forum, taking place from March 24-26, 2025, in Brazzaville. This regulatory milestone aims to provide a clear and structured framework for gas exploration, production and commercialization, boosting investor confidence and unlocking the full potential of the country’s vast natural gas reserves. As part of the forum, CLG Congo, a leading legal and commercial advisory firm in the energy sector, will play a key role in discussions surrounding regulatory reforms. In an interview with Energy Capital & Power (ECP) (www.EnergyCapitalPower.com), Yves Ollivier, Managing Director and Daoudou Mohammad, Director of Tax & Legal at CLG, shared their insights on the country’s upcoming Gas Code, regulatory landscape and upcoming opportunities. 

    Please provide an overview of CLG’s current activities in the Congo, particularly in relation to the energy sector? 

    CLG Congo is a leading provider of legal, tax, and commercial advisory services, working closely with oil and gas companies. In 2024, CLG was involved in Trident Energy’s acquisition of Chevron and TotalEnergies’ interests in the Lianzi, Nkosa and Nsoko 2 and Moho Bilondo fields. Trident now holds15,75% in Lianzi field, 85% in Nkosa and Nsoko 2 fields and 21.5% in Moho-Bilondo. To expand our client base, we actively participate in major energy events, such as African Energy Week in Cape Town and are honored to partner with Capital Energy & Power as legal counsel for CEIF 2025. 

    How does the Republic of Congo’s legislative framework impact foreign investment in hydrocarbons? 

    Historically, about 80% of direct investments in the country come from oil and gas, reflecting its economic dependence on hydrocarbons. To enhance investment conditions, the government has created investment promotion structures, including a Public-Private Partnership (PPP) Agency and a dedicated Ministry for International Cooperation and for Public-Private Partnership. 

    The 2016 Hydrocarbons Code introduced competitive bidding for exploration rights, increasing transparency and investor confidence. However, a Gas Code is still needed to provide a specific legal framework for natural gas investments. The current draft, developed with international institutions, aims to secure foreign capital and streamline regulations for a more competitive and structured industry. 

    What fiscal incentives does Congo offer to attract energy investments? 

    The government provides among others, corporate tax exemptions and progressive tax reductions for oil and gas projects, negotiated within the Production Sharing Contracts. Companies also benefit from customs incentives, such as the IM5 temporary import regime, allowing tax-free equipment imports under the condition of re-export. These measures lower entry costs for investors and enhance profitability. 

    What are the key expectations from the Gas Code and how could the regulatory framework improve investment conditions? 

    The Gas Code, expected in 2025, will provide a clear legislative framework for gas monetization, fiscal terms, and resource management. The draft was presented to gas companies in late 2023, and after modifications, is set for final approval. Additionally, the Gas Master Plan, developed by SNPC and McKinsey, aims to boost investment and expand gas utilization in Congo. 

    Another key issue is the VAT decree (2023-1337), which extends VAT to previously exempt oil and gas operations. There are ongoing discussions between the government and industry players to find a compromise that suits all parties. 

    How does the regulatory framework impact local content development in the oil and gas industry? 

    Despite 2019 local content decrees, enforcement remains a challenge. The law mandates 70% Congolese employment in management roles, but lacks clear compliance mechanisms. Companies try to follow the guidelines, but without effective monitoring, implementation varies. Strengthening verification processes is essential for sustainable workforce development in the sector. 

    What are your key expectations for the Congo Energy & Investment Forum 2025? 

    We see this as an opportunity to engage with foreign investors and showcase Congo’s gas potential, which includes proven reserves of 284 billion cubic meters and significant ongoing projects such as Eni’s Tango FLNG and Wing Wah’s Banga Kayo Gas Project. The forum will allow direct dialogue with policymakers, enabling us to propose solutions for industry challenges such as the Gas Code finalization and fiscal reforms. We also aim to highlight investment opportunities and regulatory reforms. Discussing topics like the Gas Code, VAT decree, and Hydrocarbons Code updates is crucial to ensuring a competitive and attractive investment environment. 

    MIL OSI Africa –

  • MIL-OSI Asia-Pac: Government approves implementation of transportation component of Market Intervention Scheme for Tomato through NCCF

    Source: Government of India

    Posted On: 12 FEB 2025 5:25PM by PIB Delhi

    In view of the falling prices of tomato in Madhya Pradesh, Maharashtra and other major producing states, Government of India has taken decision to implement the transportation component of Market Intervention Scheme (MIS). Under this scheme where there is a difference in the price of TOP crops (tomato, onion and potato) between the producing and consuming States, the operational cost incurred in storage and transportation of crops from the producing State to other consuming States will be reimbursed to Central Nodal Agencies (CNA) like NAFED and NCCF, in the interest of farmers of producing states.

    Considering the steep drop in tomato prices, Union Agriculture Minister Shri Shivraj Singh Chouhan has approved implementation of transportation component of MIS for Tomato in Madhya Pradesh through NCCF. NCCF is making arrangements to start the transportation operations soon.

     

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    MG/KSR

    (Release ID: 2102360) Visitor Counter : 70

    Read this release in: Hindi

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Union Minister Shri Rajiv Ranjan Singh alias Lalan Singh inaugurates 14th Asian Fisheries and Aquaculture Forum (14AFAF)

    Source: Government of India (2)

    Union Minister Shri Rajiv Ranjan Singh alias Lalan Singh inaugurates 14th Asian Fisheries and Aquaculture Forum (14AFAF)

    India has risen as the world’s second-largest fish producer under the Prime Minister’s visionary leadership: Shri Rajiv Ranjan Singh

    Kisan Credit Card scheme extended to the fishers & fish farmers: Union Minister

    Research institutes should undertake capacity building initiative involving KVKs to improve the adoption of scientific practices by fishers and farmers: Union Minister Shri Rajiv Ranjan Singh

    Shri Rajiv Ranjan Singh also inaugurates the 14AFAF Expo

    Posted On: 12 FEB 2025 5:03PM by PIB Delhi

    Union Minister of Fisheries, Animal Husbandry & Dairying and Panchayati Raj Shri Rajiv Ranjan Singh alias Lalan Singh inaugurated 14th Asian Fisheries and Aquaculture Forum (14AFAF) at Pusa Campus in New Delhi today, marking a significant milestone in global fisheries and aquaculture. Speaking on the occasion, Shri Rajiv Ranjan Singh highlighted the Government of India’s commitment to sustainable fisheries.  He accentuated that India has risen as the world’s second-largest fish producer under the Prime Minister’s visionary leadership and Pradhan Mantri Matsya Sampada Yojana (PMMSY). The Minister also emphasized that India is implementing cutting-edge digital solutions such as National Digital Fisheries Platform and vessel monitoring, transponders, and emergency alerts to ensure the safety of fishermen at sea. He also informed that the Kisan Credit Card scheme has been extended to the fishers and fish farmers and various insurance schemes to the fisheries’ sector were also introduced. He further applauded the ICAR for its technological offerings, recognizing its contributions in the fisheries development in the country. Further he stressed that the research institutes should undertake capacity building initiative involving KVKs to improve the adoption of scientific practices by fishers and farmers. He also inaugurated the 14AFAF expo, a major highlight, bringing together the stakeholders from state fisheries departments, academia, research institutions and the industry to showcase technological advancements.

     

    Dr. Himanshu Pathak, Secretary, DARE, and DG, ICAR highlighted that 75 new fisheries technologies and improved fish varieties developed by ICAR, emphasizing ICAR’s commitment to sustainable, carbon-neutral fisheries and aquaculture for long-term industry resilience.

    Dr. Abhilaksh Likhi, Secretary, Department of Fisheries, Ministry of Fisheries Animal Husbandry and Dairying, Government of India, highlighted the Government’s transformative initiatives, substantial investments, and the vital role of startups in driving innovation for India’s blue economy.

    ‘Padma Shri’ Dr. S. Ayyappan, former Secretary, DARE, and DG, ICAR, highlighted India’s leadership in fisheries research and described 14AFAF as the Mahakumbh of fisheries researchers from Asia.

    Dr. Essam Yassin Mohammed, Director General, WorldFish, Malaysia, spoke on global innovations in fisheries and applauded India for its transformation initiatives in sustainable aquaculture.

    Prof. Neil Loneragan, President, Asian Fisheries Society, Kuala Lumpur, emphasized the significance of international collaboration in advancing the fisheries sector globally.

    Dr. J.K. Jena, Deputy Director General (Fisheries Science), ICAR, and Convener of 14AFAF, in his welcome address, stated that the forum will play a crucial role in shaping the future of fisheries and aquaculture. He highlighted that the event features over 20 lead presentations by renowned experts from India and abroad, with 1,000 participants from 24 countries.

    The session also saw the release of different publications & technologies by the dignitaries. The event was organized by the Asian Fisheries Society (AFS), Kuala Lumpur, in collaboration with the Indian Council of Agricultural Research (ICAR), the Department of Fisheries (DoF), Government of India, and the Asian Fisheries Society Indian Branch (AFSIB), Mangalore.

    Hosting the 14th AFAF in India after 15 years highlights the country’s growing prominence in global fisheries and aquaculture. With a rapidly expanding blue economy, progressive policies, and scientific advancements, India is emerging as a key player in sustainable fisheries. This forum serves as an opportunity to showcase India’s contributions, strengthen global partnerships and drive sustainable aquaculture initiatives for the future.

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    MG/KSR

    (Release ID: 2102338) Visitor Counter : 14

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LCQ9: COVID-19 oral drugs

    Source: Hong Kong Government special administrative region

         Following is a question by the Hon Judy Chan and a written reply by the Secretary for Health, Professor Lo Chung-mau, in the Legislative Council today (February 12):Question:     In 2022, in consultation with experts, the Government introduced the COVID-19 oral drugs Paxlovid and Molnupiravir through the Hospital Authority (HA), and prescribed the two drugs to suitable patients through various channels such as public hospitals, designated clinics and residential care homes for the elderly. The Government has indicated that the fee for each course of treatment in respect of the two drugs is over $6,000. There are views that the fees for the two drugs are excessively high, and the Government should expeditiously introduce other less expensive drugs with similar efficacy. In this connection, will the Government inform this Council:(1) of the details of the vetting and approval process for introducing the two drugs by the Government in consultation with experts at that time, and whether such vetting and approval process was different from the general approval process for introducing new drugs; if so, of the reasons for and details of that;(2) of the current clinical guidelines for prescribing the two drugs, and the number of revisions made in the past;(3) whether it knows the following information on the use of each of the two drugs by HA in each of the past three years: (i) the quantity purchased and expenditure incurred, (ii) the quantity used (with a breakdown by the channels through which they were used), and (iii) the quantity discarded due to expiry or other reasons;(4) whether there has been any change to the approved shelf life of the two drugs since their introduction, and of the current respective shelf life; whether it knows the respective stock of the two drugs currently kept by HA; and(5) whether the authorities have plans to introduce other drugs with efficacy similar to that of the two drugs; if so, of the progress and timetable; if not, the reasons for that?Reply:President,     With the ever evolvement of the SARS-CoV-2 virus, the prevention and treatment capacities of the local healthcare system and the handling capacity of society as a whole have been enhanced significantly. COVID-19 has been managed as an upper respiratory tract illness by the Government since early 2023. Despite this, the World Health Organization still highlights the importance of ensuring access to appropriate treatments for patients with COVID-19, including providing oral antiviral drugs to high-risk patients on a need basis taking the local situation into account. High-risk persons concerned include the elderly, immunocompromised individuals or persons with chronic illnesses.     The Health Bureau, together with the Department of Health (DH) and the Hospital Authority (HA), have been keeping abreast of the latest development of clinical treatment and scientific evidence-based research relating to SARS-CoV-2 virus, while making reference to the latest data from drug regulatory authorities and drug manufacturers globally so as to provide appropriate treatment for COVID-19 patients.     In consultation with the DH and the HA, the reply to the question raised by the Hon Judy Chan is as follows: (1) According to the Pharmacy and Poisons Ordinance (Cap. 138), pharmaceutical products must satisfy the criteria of safety, efficacy and quality for registration with the Pharmacy and Poisons Board of Hong Kong (Board) before they can be sold or supplied in Hong Kong.      During the COVID-19 pandemic, the then Pharmacy and Poisons (Registration of Pharmaceutical Products and Substances: Certification of Clinical Trial/Medicinal Test) Committee (Committee) established under the Board considered that, in view of the public health emergency and the local medical need at the time, together with the relevant scientific evidence, the benefits of the use of COVID-19 oral antiviral drugs, namely Paxlovid and Molnupiravir, in the treatment of mild-to-moderate COVID-19 outweighed the risks and hence conditionally approved the applications of the relevant drugs for registration in February and March 2022 respectively. As part of the conditional approval of registration, the corresponding drug registration certificate holders were required to submit additional data through clinical studies and post-marketing report to the Board according to the conditions imposed by the Committee (including that the concerned products can only be supplied to doctors or medical institutions). The certificate holders of the drugs have been continuously providing relevant reports and data to substantiate their products’ safety, efficacy and quality. In this connection, Paxlovid was granted full registration in February 2024.(2) According to the existing mechanism, the expert panel formed by the DH and the HA closely monitors the efficacy and possible side-effects of the relevant drugs in light of the evolving scientific evidence, and also evaluates various drugs treating COVID-19 while reviewing and updating the clinical guidelines in a timely manner with reference to the latest clinical development and research data in the Mainland and overseas, with a view to providing patients with appropriate treatments to reduce their risk of severe complications and death.     Based on the above principle, the relevant clinical guidelines have been updated for 27 times so far. Under the current guidelines, healthcare professionals will consider prescribing relevant drugs to patients aged 70 or above, and patients aged below 70 with high-risk conditions or chronic diseases according to their clinical needs.(3) Apart from providing antiviral drugs for treating COVID-19 at public hospitals/clinics under the HA, the Government has been providing private doctors with the two aforementioned COVID-19 oral drugs procured by the HA for free prescription to eligible COVID-19 confirmed patients since April 2022. Private doctors who have registered under the Electronic Health Record Sharing System (eHRSS) can make requests for provision of the two COVID-19 oral drugs via the dedicated online platform. Private doctors must follow the aforementioned treatment guidelines set out by the HA. Besides, the DH’s clinic dispensaries also distributed a small amount of treatment courses.     From 2022 to 2024, the HA has prescribed the two COVID-19 oral drugs to about 471 300 HA patients (a single patient may be prescribed with COVID-19 oral antivirals for more than once), including about 314 600 patients prescribed with Paxlovid and about 156 700 with Molnupiravir. Separately, about 181 700 treatment courses were prescribed by private doctors to eligible COVID-19 confirmed patients for free, in which about 104 000 Paxlovid treatment courses and about 77 700 Molnupiravir treatment courses were prescribed. About 1 500 treatment courses were prescribed by clinics under the DH (including Families Clinics and Elderly Health Centres).     Detailed figures on the quantity and expenditure incurred by the HA in purchasing the two COVID-19 oral drugs are tabulated below: * Figures adjusted to the nearest thousands     Following the prevailing practice, the HA dispenses drugs before the expiration dates based on the “first-expired, first-out” principle. For those drugs requiring disposal, including unserviceable ones, the HA will dispose of them in accordance with the established procedures. There has not been any disposal of COVID-19 oral drugs so far.(4) The shelf-life of the two COVID-19 oral antiviral drugs, namely Paxlovid and Molnupiravir, are 24 and 30 months respectively. The HA has sufficient stock of drugs for prescription to COVID-19 patients, and will continue to closely monitor the supply and utilisation of the relevant drugs in order to cater for the needs of patients.(5) The DH and the HA will continue to keep in view the latest data from drug regulatory authorities and drug manufacturers globally (including the Mainland) and introduce suitable drugs in a timely manner based on the available scientific evidence to ensure that patients are prescribed with drugs of proven safety and efficacy.     Apart from Paxlovid and Molnupiravir, no other COVID-19 oral antivirals drugs are currently registered in Hong Kong. Based on the latest scientific evidence, there are no other COVID-19 oral antiviral drugs in the market that can provide the same level of appropriate treatment especially for high-risk patients.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LCQ5: Promoting trail tourism

    Source: Hong Kong Government special administrative region

         Following is a question by the Hon Vincent Cheng and a reply by the Secretary for Culture, Sports and Tourism, Miss Rosanna Law, in the Legislative Council today (February 12):
     
    Question:

         â€‹It has been reported that a recently released documentary film on four Hong Kong trails is widely acclaimed. There are views that as Hong Kong has beautiful trails and ridgelines, the Government should adopt a new mindset or a new perspective in promoting trail tourism. In this connection, will the Government inform this Council:
     
    (1) of the Government’s plans in place to enhance the ancillary facilities on trails or in country parks, such as providing additional replenishment and rest stations, water-filling stations, toilets and directional signs, so as to meet the needs of different types of hikers, and to further promote trail tourism and a safe hiking culture;
     
    (2) of the Government’s plans and publicity strategies in place to promote Hong Kong’s trails to tourists from different places, such as whether it will consider taking the initiative to invite renowned runners to promote the trails, or supporting the broadcasting of the aforesaid documentary film on international streaming platforms or in places outside Hong Kong, so as to attract tourists from abroad; if so, of the details; if not, the reasons for that; and
     
    (3) in order to further promote Hong Kong’s trail tourism, whether the Government will consider supporting the organisation and promotion of trail races or cross-country races, so as to attract more local and non-local people to take part in such races, thereby stepping up publicity on Hong Kong’s beautiful natural trails?
     
    Reply:
     
    President,
     
         Hong Kong has rich green and eco-tourism resources, including hiking trails and country parks throughout the city, with breathtaking great outdoors that are only minutes away from the urban hustles, attracting numerous tourists each year for hiking and outdoor activities. Further capitalising on Hong Kong’s abundant ecological resources for promoting green tourism development, is in fact one of the directions in diversifying tourism products as outlined in the Development Blueprint for Hong Kong’s Tourism Industry 2.0 that we announced at the end of last year.
          
         In respect of the question raised by the Hon Vincent Cheng, in consultation with the Environment and Ecology Bureau, the reply is as follows:
          
         To promote green tourism, the Tourism Commission, in collaboration with the Agriculture, Fisheries and Conservation Department (AFCD), has been taking forward the Enhancement of Hiking Trails since 2018 to enhance the tourism supporting facilities of 20 hiking trails in country parks which are popular and with tourism potential, and to enhance the “Enjoy Hiking” thematic website. Enhancement works include improvement to existing hiking trail network, control of soil erosion at trails, enhancement of vegetation coverage, addition of lookout points and enrichment of visitor information. The enhancement works on 12 hiking trails have been completed, and those for the remaining eight hiking trails are expected to be completed progressively by the first quarter of 2026.
          
         The AFCD also seeks to enhance hiking trails and provide supporting facilities in country parks, including the provision of 57 flushing toilets and over 120 portable toilets; 289 pavilions, 37 water filling stations and about 30 drinks vending machines. The Government has set aside $500 million to enhance country parks, including the improvement and addition of facilities, as well as gradually setting up large-scale enhancement facilities such as tree-top adventure and open museum of historical relics. Examples of the works involved are the construction of five toilets and reconstruction of six toilets at popular hiking spots. These toilets will adopt low-carbon and environmentally-friendly designs, and will be gradually rolled out from 2026 to 2028. The viewing platform overlooking Po Pin Chau and the Lin Ma Hang Lead Mine Cave Revitalisation Project were opened to the public in end-2024.
          
         The AFCD makes use of school visits, guided tours, online videos, social media, etc, to promote the unique natural scenery and hiking experiences of Hong Kong, provide information on hiking safety and hill fire prevention, and advocate “take your litter home”. Apart from placing directional signs in country parks, the AFCD also provides consolidated information of hiking trails, including maps, distance, level of difficulty and attractions along the trails, through the “Enjoy Hiking” website, to facilitate locals and tourists’ planning of their itineraries. The mobile application “Enjoy Hiking Hiker Tracking Service” also records users’ location, thereby shortening the search and rescue time in case of accidents. Furthermore, the AFCD collaborates with the Hong Kong Economic and Trade Offices (ETOs) in the Mainland and the Forestry Administration of Guangdong Province to promote Hong Kong’s natural scenery and hiking routes, as well as to disseminate hiking safety messages, through their social media platforms in the Mainland. The AFCD will continue to review and refine its promotion strategy and information, and through diverse information distribution channels, to ensure locals and tourists safely enjoy the natural wonders of Hong Kong. At the same time, the Hong Kong Police Force, the Fire Services Department, the Government Flying Service and the Civil Aid Service also raise hiker’s awareness on hiking safety through various channels and activities.
          
         Apart from the AFCD’s promotion, the Hong Kong Tourism Board (HKTB), through its “Hong Kong Great Outdoors” year-round promotional platform, introduces in detail hiking trails in different districts accompanied by stories to deepen understanding of the trails, as well as docent activities and tourism products by the travel trade and other organisations, allowing tourists to appreciate Hong Kong’s inspiring natural landscape. Besides, films are also a very effective promotional channel. For example, the film “Four Trails” documents a recent trail running event, featuring participants from various places who challenge their limits by crossing mountains and valleys, while simultaneously showcasing Hong Kong’s unique natural scenery. The Cultural and Creative Industries Development Agency (CCIDA) is collaborating with overseas ETOs and the film festival partners worldwide to promote this film at overseas film festivals. In addition, CCIDA will strive for opportunities of showing this film on both international and Mainland streaming platforms to attract more tourists to experience the natural beauty of Hong Kong. Also, the HKTB previously invited the director and producer of the film to share Hong Kong’s great natural scenery and trail running experiences with overseas media.
          
         In addition, various trail running and cross-country events are held by different organisations every year, along with other leisure trail events. The Government has supported and promoted some of these events to encourage more tourists to come to Hong Kong and participate. The Government will continue to promote green tourism based on the principles of nature conservation and sustainable development to pursue the concept of “tourism is everywhere” in Hong Kong.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Orders to amend Dangerous Drugs Ordinance and Control of Chemicals Ordinance to be gazetted on February 14 and etomidate to become dangerous drug on same date

    Source: Hong Kong Government special administrative region

    Orders to amend Dangerous Drugs Ordinance and Control of Chemicals Ordinance to be gazetted on February 14 and etomidate to become dangerous drug on same date
    Orders to amend Dangerous Drugs Ordinance and Control of Chemicals Ordinance to be gazetted on February 14 and etomidate to become dangerous drug on same date
    ******************************************************************************************

         ​A spokesperson for the Security Bureau said today (February 12) that etomidate and its three analogues will be listed as dangerous drugs following the publication of the Dangerous Drugs Ordinance (Amendment of First Schedule) Order 2025 (DDO Order) in the Gazette on Friday (February 14). On the same date, the Control of Chemicals Ordinance (Amendment of Schedule 2) Order 2025 (CCO Order) will also be published in the Gazette.        The DDO Order will take effect upon its gazettal on February 14, 2025. The CCO Order is expected to become effective on April 11, 2025. Both Orders are subject to the negative vetting procedure of the Legislative Council (LegCo). Details, including the justifications for the legislative proposal, can be found in the brief for LegCo issued today in the Annex.       The DDO Order will add six substances, namely, butonitazene, bromazolam, etomidate, metomidate, propoxate, and isopropoxate, to the First Schedule to the Dangerous Drugs Ordinance (DDO) (Cap. 134). Among them, metomidate, propoxate, and isopropoxate are analogues of etomidate. “In view of the recent abuse situation of etomidate, which is the main active ingredient of a new substance with the street name ‘space oil drug’, the Government is expediting the process and has arranged for the DDO Order to take effect immediately upon gazettal on February 14 in order to significantly enhance deterrence and enable effective law enforcement action against the ‘space oil drug’,” the spokesman said. Under the strict control of the DDO, trafficking and illicit manufacturing of these substances are liable to a maximum penalty of life imprisonment and a fine of $5 million. Possession and consumption of these substances in contravention of the DDO will be subject to a maximum penalty of seven years’ imprisonment and a fine of $1 million.      “The Government has been combating the ‘space oil drug’ on all fronts,” the spokesman said. The Government has renamed “space oil” as “space oil drug” to make clear to the public its nature as a dangerous drug and its harmful effects. In addition, the Government has formulated preventive education and publicity strategy against the “space oil drug” in collaboration with various agencies, encouraging them to explain the harmful effects of the “space oil drug” to the public through different channels, raise self-awareness on drug prevention among the public, and seek more ways to reach out to hidden drug abusers.       To tie in with the legislative work, the Government will launch a new TV Announcement in the Public Interest, namely “Don’t fall into ‘space oil drug’  traps!” starting from February 14, and will continue placing advertisement through various online and offline channels and at different locations to promote the relevant message in different ways.       As young people are the target of “space oil drug” sellers, the Narcotics Division of the Security Bureau and the Education Bureau will jointly launch an anti-“space oil drug” week in schools in end-February. During the period, a series of activities will be held, including talks, anti-drug videos broadcasts and drama shows, with a view to preventing the spread of the “space oil drug” among the younger cohort.       ​Regarding the CCO Order, 18 precursor chemicals, namely, BMK glycidic acid and its methyl, ethyl, propyl, isopropyl, butyl, isobutyl, sec-butyl and tert-butyl esters (nine substances), PMK ethyl glycidate, and six additional esters of 3,4-MDP-2-P methyl glycidic acid, namely, the propyl, isopropyl, butyl, isobutyl, sec-butyl and tert-butyl esters (seven substances), 4-piperidone and 1-boc-4-piperidone, will be added to Schedule 2 to the Control of Chemicals Ordinance (CCO) (Cap. 145). It is an offence to possess, manufacture, transport or distribute any substance controlled under the CCO for the unlawful production of dangerous drugs, or to import or export the substance not under and in accordance with a licence issued by the Customs and Excise Department. The maximum penalty is a fine of $1 million and imprisonment for 15 years.      The spokesperson said, “The amendments aim to deter any potential trafficking and abuse of these dangerous drugs and precursor chemicals. This will help fortify Hong Kong’s defence against drugs. Our law enforcement agencies are ready to enforce the new regulation, including taking action against the ‘space oil drug’.”

     
    Ends/Wednesday, February 12, 2025Issued at HKT 14:45

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LCQ21: Making good use of tourism resources in Sha Tau Kok area

    Source: Hong Kong Government special administrative region

    LCQ21: Making good use of tourism resources in Sha Tau Kok area
    LCQ21: Making good use of tourism resources in Sha Tau Kok area
    ***************************************************************

         Following is a question by the Hon Yiu Pak-leung and a written reply by the Secretary for Culture, Sports and Tourism, Miss Rosanna Law, in the Legislative Council today (February 12): Question:      In recent years, the Government has been committed to developing Sha Tau Kok (STK) into a tourist hotspot, including launching the First Phase “STK Pier opening up scheme” and the second phase of the STK opening-‍up plan, upgrading the tourism supporting facilities in STK, as well as providing photo-taking spots. In addition, there are views that the official opening of the Robin’s Nest Country Park on November 2 last year has added more highlights to the STK area. On making good use of the tourism resources in the STK area, will the Government inform this Council: (1) of the respective numbers of individual visitors and tour group visitors visiting STK each month since the launch of the second phase of the STK opening-up plan in January last year, and among which the numbers of non-local visitors (set out in Table 1); Table 1

    Month
    Total number of visitors
    Number of individual visitors(among which the number of non-local visitors)
    Number of tour group visitors(among which the number of non-local visitors)

     
     
     
     

     (2) of the respective numbers of individual visitors and tour group visitors on the 10 dates with the highest number of visitors to STK last year, and among which the numbers of non-local visitors (set out in Table 2); Table 2

    Date
    Total number of visitors
    Number of individual visitors(among which the number of non-local visitors)
    Number of tour group visitors(among which the number of non-local visitors)

     
     
     
     

     (3) as it is learnt that the Police can generally complete the processing of applications for electronic Tourism Closed Area Permits for access to STK at an earlier time (which originally required a minimum of three working days), of the distribution of the time taken by the Police to vet and approve such permits last year (i.e. (i) within four ‍hours, (ii) more than four hours to 12 hours, (iii) more than 12 hours to 24 hours, (iv) more than 24 hours to 48 hours, (v) more than 48 ‍hours to 72 hours, and (vi) more than 72 hours), and set out in Table 3 a breakdown by the type of applicants (i.e. (a) individual visitors and (b) tour group visitors, and (I) local visitors and (II) ‍non-‍local visitors); Table 3

    Vetting and approval time
    (a)
    (b)

    (I)
    (II)
    (I)
    (II)

    (i)
     
     
     
     

    ……
     
     
     
     

    (vi)
     
     
     
     

    Total
     
     
     
     

     (4) as some members of the industry have relayed that it takes time for non-local visitors to apply for electronic Tourism Closed Area Permits to gain access to STK, which is not conducive to travel agencies promoting relevant tourism products to tourists, whether the authorities will consider introducing visa-on-arrival arrangements for tour groups visiting on a “group in, group out” basis, so as to facilitate travel agencies in arranging for more tourists to visit STK; (5) as it is learnt that currently the seven MacIntosh Forts built along the Shenzhen River are no longer in practical operational use, and two of them have undergone basic revitalisation works and are conditionally open to the public, whether the authorities have considered fully opening these two revitalised forts; if so, of the details; if not, the reasons for that; whether the authorities will consider using the forts as visitor service centres or open museums to make good use of heritage resources, thereby enhancing the attractiveness of Robin’s Nest Country Park; (6) given that the “contactless channels” at the Chung Ying Street Checkpoint in STK became operational on December 23 last year, of the progress of exploring the possibility of allowing Hong Kong tour groups to enter Chung Ying Street via such checkpoint on a “group in, group out” basis (including the estimated earliest implementation date); and (7) given that with effect from January 24 this year, the Security Bureau has opened a specified section of road within the frontier closed area near Lin Ma Hang Village in STK, exempting the requirement to apply for a closed area permit for people travelling by green minibus passing through this section of road, with a view to facilitating tourists to travel to Robin’s Nest Country Park, whether the authorities will consider allowing tourist coaches to access this section of road, so as to facilitate the launch of relevant tourism products by the industry? Reply President,      The Culture, Sports and Tourism Bureau (CSTB) published the Action Plan on Sha Tau Kok Cultural Tourism Zone on December 30, 2024, in tandem with the promulgation of the Development Blueprint for Hong Kong’s Tourism Industry 2.0. The CSTB will continue to promote the tourism development in Sha Tau Kok (STK) under the overall principle of “low density, high quality” and through enriching its historical and cultural elements. Specifically, the Government is progressively opening up STK Frontier Closed Area (FCA) for tourism, including rolling out of the second phase of the STK Opening-up Plan in January 2024, under which local and non-local visitors are allowed to enter STK FCA (except Chung Ying Street) for sightseeing. In light of its proximity to the Robin’s Nest Country Park, STK has effectively linked up various tourists spots of the Blue and Green Recreation, Tourism and Conservation Circle of the district, serving as a starting point for visitors travelling by ferry to the surrounding islands and areas, such as Lai Chi Wo, Kat O and Ap Chau.      In consultation with the Security Bureau (SB), the Development Bureau and the Environment and Ecology Bureau, the consolidated reply to the question raised by the Hon Yiu Pak-leung is as follows: (1) and (2) The monthly figures of electronic Tourism Closed Area Permit (e-CAP) issued by the Hong Kong Police Force (HKPF) for entering STK in 2024, and the ten dates with most e-CAP issued in the same year, are set out at Annex.(3) To facilitate the implementation of the second phase of the STK Opening-up Plan starting from January 2024, the HKPF launched e-CAP on December 1, 2023. The HKPF has been committed to processing applications as soon as possible. Upon submission by applicants of all the documents required and verification of the relevant information, the vast majority of the e-CAP applications were approved within three working days. The HKPF does not maintain breakdown information of the time required for approval of e-CAP as mentioned in the question. (4) and (6) Since 2022, the SB has, in collaboration with relevant bureaux and departments, formulated specific measures to progressively open-up STK FCA in accordance with the principle of gradual and orderly progress. The SB has fully consulted the local community in the process, closely monitored the implementation of the opening-up plan, as well as maintaining close liaison with relevant stakeholders to ensure timely responses to the concerns raised and implement the opening-up plan in an orderly manner.            As far as Chung Ying Street is concerned, due to its unique historical background and geographical factors, Chung Ying Street directly adjoins the Mainland without any barrier as a boundary demarcation. It is also the only place in Hong Kong where there is no boundary control facilities, while cross-boundary movement of people and cargo is allowed. In light of the boundary security considerations from the SB, Chung Ying Street has not been opened to tourists for entry from Hong Kong STK over the years.           With the gradual opening-up of STK FCA for tourism, the Government will continue to adopt an open stance in exploring the promotion of tourism at Chung Ying Street, as well as other feasible measures that can further facilitate the trade and tourists visiting STK FCA, with a view to fostering the development of cultural tourism in STK. The CSTB, the SB and Shenzhen Municipal Government, have been in ongoing communication with each other over the development of cultural tourism in both Hong Kong and Shenzhen STK, and will explore the feasible option of allowing Hong Kong group tours to enter Chung Ying Street for sightseeing via the Chung Ying Street Checkpoint on a “group in, group out” basis, with a view to further deepening the historical and cultural elements of STK tourism. (5) For security reason, the seven MacIntosh Forts located at the boundary of New Territories are currently not opened to the public. In view of the establishment of the Robin’s Nest Country Park on March 1, 2024, the Agriculture, Fisheries and Conservation Department (AFCD) installed an interpretation panel near the MacIntosh Fort (Kong Shan) at the Lin Ma Hang Country Trail to introduce the Forts. The AFCD also featured a thematic introduction of the Forts in an episode of the video series titled “Discovering Robin’s Nest Country Park”, which was produced in celebrating the establishment of the Robin’s Nest Country Park, covering the history of the Forts and its role in boundary defence in the past. (7) Starting from January 24, 2025, a section of road within the FCA near Lin Ma Hang Village in STK has been opened for public travelling on public light buses on scheduled service (i.e. green minibuses), by exempting the requirement to apply for a closed area permit. Members of the public concerned can enter Lin Ma Hang Village via the said section of road, thereby facilitating them to visit the Robin’s Nest Country Park and nearby areas. The current exemption is applicable to passengers travelling by green minibuses, but does not apply to private vehicles, taxis or other vehicles without a valid closed road permit, and to members of the public using other means of travel such as walking or cycling. Taking into account the limitations in the road design and safety considerations of the concerned section, the said section of road is not suitable for entry by large coach buses. The Government will examine the effectiveness of the exemption and, on the premise that boundary security and traffic safety can be ensured, keep an open mind in studying the feasibility of extending the exemption arrangement in the future to cover other transportation means.

     
    Ends/Wednesday, February 12, 2025Issued at HKT 14:42

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LCQ15: Promoting development of the fund industry

    Source: Hong Kong Government special administrative region

         Following is a question by the Hon Robert Lee and a written reply by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, in the Legislative Council today (February 12):
     
    Question:
     
         There are views that the Government should actively take forward a more comprehensive support policy to promote the development of the fund industry as a whole on all fronts. In this connection, will the Government inform this Council:
     
    (1) whether it has compiled statistics on the respective shares of capital allocations from Hong Kong’s offshore Renminbi (RMB) (liquidity pool to mutual funds, deposits, stocks, bonds and other investment vehicles, together with a breakdown by holders of such capital, i.e. retail investors, institutional investors, and enterprises; given that the Government is actively promoting the internationalisation of RMB, what measures it has in place to guide more offshore RMB capital to invest in various fund products, so as to promote the development of related businesses;
     
    (2) whether it has compiled statistics on the respective shares of Mainland capital investments in Hong Kong funds and bank deposits under the constant enhancement of the Cross-boundary Wealth Management Connect (WMC) Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area, and in which types of funds the investments are mainly made; of the Government’s plans in place to discuss with the Mainland regulatory authorities about further expansion of the scope of fund products under WMC, as well as all-‍round coverage of cross-border fund sales and promotional activities;
     
    (3) whether the Government will step up negotiations with the Mainland regulatory authorities to further increase the number of funds and product types under the mutual recognition of funds scheme; whether it knows if information on such recognised funds will be included in the Hong Kong Exchanges and Clearing Limited’s Integrated Fund Platform to facilitate trading by investors; and
     
    (4) of the respective proportions of the amounts invested in “financial assets” and “non-financial assets” by applicants of the New Capital Investment Entrant Scheme after its implementation, together with a breakdown by the classification of assets; whether the Government will publish the relevant statistics on a regular basis; if so, of the details; if not, the reasons for that?
     
    Reply:
     
    President,
     
         Hong Kong is an international asset and wealth management centre, with assets under management exceeding HK$31 trillion. The Government has been attracting more global capital to be managed in Hong Kong through a series of measures with the aim of propelling the all-rounded development of the fund industry. In consultation with Invest Hong Kong (InvestHK), the Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC) and the Hong Kong Exchanges and Clearing Limited (HKEX), my reply to the various parts of the question is as follows:
     
    (1) With the support of the Central People’s Government, Hong Kong is a premier global offshore Renminbi (RMB) business hub which possesses the world’s largest offshore pool of RMB funds, and operates the largest foreign exchange and interest rate derivatives market. Hong Kong also provides a diversified range of RMB products and services, with a leading position in RMB settlement, financing and asset management.
     
         The Government has been promoting the development of the offshore RMB business in Hong Kong, and has been actively deepening the mutual access between the Mainland and Hong Kong financial markets, so as to assist the high-level opening up of our country’s capital market. The China Securities Regulatory Commission (CSRC) announced in April 2024 a series of measures to promote the expansion of the mutual access between the financial markets of the Mainland and Hong Kong. These measures include expanding the eligible product scope of equity exchange-traded funds (ETFs) under Stock Connect and including real estate investment trusts (REITs) under Stock Connect, which would support the Hong Kong financial market by increasing the availability of attractive investment products, providing more investment opportunities for domestic and international investors, and consolidating Hong Kong’s position as an offshore RMB business hub.
     
         In addition, the HKMA and the People’s Bank of China (PBoC) announced on January 13 this year new measures to further strengthen Hong Kong’s position as a global offshore RMB business hub. Relevant measures include the introduction of the HKMA RMB Trade Financing Liquidity Facility, further enhancement and expansion of Bond Connect (Southbound), development of offshore RMB repurchase business using Northbound Bond Connect bonds as collateral, inclusion of Northbound Bond Connect bonds as eligible margin collateral at OTC Clearing Hong Kong Limited, promoting cross-boundary payment facilitation and financial facilitation in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). We will press ahead with the development of an offshore RMB ecosystem to promote the internationalisation of the RMB in a steady and prudent manner.
     
         In terms of financial products, besides RMB foreign exchange trading products, the offshore RMB investment products and services offered in Hong Kong also include RMB-denominated stocks, ETF, REIT, futures contracts for precious metals, and other diversified financial products. However, the Government does not maintain data on the allocation of funds within the offshore RMB pool to various investment products.
     
    (2) Cross-boundary Wealth Management Connect (WMC) has seen continuous and steady development since its launch in September 2021. “WMC 2.0” commenced on February 26, 2024, with enhancement measures including increasing the individual investor quota from RMB1 million to RMB3 million, lowering the threshold for participating in the Southbound Scheme to support more GBA residents to participate in the scheme, expanding the scope of participating institutions to include eligible securities firms, expanding the scope of eligible investment products, and further enhancing the promotion and sales arrangements. According to the statistics published by the PBoC, up to end-2024, over 136 000 individual investors in the GBA participated in the WMC and cross-boundary fund remittances (including Guangdong, Hong Kong and Macao) amounting to over RMB99.4 billion had been recorded.
     
         Currently, the scope of eligible products under the Southbound Scheme includes all “non-complex” funds domiciled in Hong Kong and authorised by the SFC that primarily invest in Greater China equity; low-risk to medium-high-risk “non-complex” funds domiciled in Hong Kong and authorised by the SFC (excluding high-yield bond funds and single emerging market equity funds); low-risk to medium-risk and non-complex bonds; and RMB, Hong Kong dollar and foreign currency deposits. The Government does not maintain data on the proportion of Mainland capital invested in these different products.
     
         The Government and Hong Kong regulatory authorities will continue to maintain close communication with the industry and the Mainland regulatory authorities, and continuously review the implementation of “WMC 2.0” with a view to exploring further enhancement measures, including the product scope and sales arrangements.
     
    (3) The Mainland-Hong Kong Mutual Recognition of Funds (MRF) arrangement (the “Arrangement”) was launched in July 2015, where eligible Mainland and Hong Kong funds can be offered to retail investors in each other’s market through a streamlined vetting process. As of end-2024, a total of 83 funds were authorised by the regulators of the two places, with aggregate net subscription amount of around RMB43.5 billion.
     
         The Arrangement has been enhanced with effect from January 1, 2025. Enhancements include relaxing the sales restriction and allowing Hong Kong funds to delegate investment management functions to overseas asset management companies within the same group. The measures will significantly increase the diversity of fund products, enhance the scale of funds, and bring positive effect to the distribution of Hong Kong MRF funds in the Mainland. The SFC will maintain close co-operation with the CSRC to continuously explore and discuss enhancement measures, so as to fully leverage Hong Kong’s distinct advantage and role as an international financial centre and a bridge for two-way capital flow to facilitate a higher level of two-way opening in the country’s capital market.
     
         On the other hand, the Integrated Fund Platform (the Platform) developed by HKEX will help lower the entry threshold of the fund industry, broaden Hong Kong’s fund distribution network, and enhance market efficiency. The first phase of the Platform (the Fund Repository) was launched in December 2024 to facilitate investors’ access to information on fund investment options. Other services of the Platform will be rolled out gradually from this year with functionalities including fund subscription and redemption (including MRF funds), settlement, and nominee services.
     
    (4) The New Capital Investment Entrant Scheme (New CIES) was open for application on March 1, 2024 to further enrich the talent pool and attract new capital to Hong Kong. An eligible applicant must make investment of a minimum of HK$30 million in the permissible investment assets, including investing a minimum of HK$27 million in permissible financial assets and/or real estate (subject to a cap of HK$10 million), and placing HK$3 million into a new Capital Investment Entrant Scheme Investment Portfolio (CIES Investment Portfolio).
     
         As of end-2024, InvestHK has received over 800 applications, and approved 240 applications for Assessment for Investment Requirements. Except for the applicants’ investment in Hong Kong under the New CIES, the Government does not maintain the data on the investments made by applicants in Hong Kong outside the New CIES. Excluding the sum for investing in the CIES Investment Portfolio, the approved investment distribution is as follows:
     

     
    Investment amount (HK$ Million)

    Eligible collective investment schemes
    2,968

    Equities
    2,553

    Debt securities
    1,018

    Real estate
    10

    Certificates of deposits
    5

    Total
    6,554

     
         The Government will continuously review the applicants’ investment arrangement and room for enhancing the New CIES, including further enhancing the net asset assessment and calculation requirements and allowing applicants to hold assets through his/her wholly owned eligible private company with effect from March 1 this year, thereby attracting global asset owners to establish their presence in Hong Kong.

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Governor Newsom announces appointments 2.11.25

    Source: US State of California 2

    Feb 11, 2025

    SACRAMENTO – Governor Gavin Newsom today announced the following appointments:

    Karen Morrison, of Sacramento, has been appointed Director at the California Department of Pesticide Regulation. Morrison has held multiple positions at the Department of Pesticide Regulation since 2018, including Chief Deputy Director and Science Advisor since 2022, Assistant Director and Chief Science Advisor from 2019 to 2022, and Environmental Program Manager and Science and Policy Advisor from 2018 to 2019. She was a Senior Environmental Scientist and Policy Advisor at the California Department of Resources, Recycling, and Recovery from 2014 to 2018. Morrison was a Science and Technology Policy Fellow at the California Council on Science and Technology from 2013 to 2014. She earned a Doctor of Philosophy degree in Chemistry from the University of Illinois, Urbana Champaign, and she earned a Bachelor of Science degree in Chemistry from Harvey Mudd College. This position requires Senate confirmation, and compensation is $213,651. Morrison is registered without party preference. 

    Nicholas Lutton, of Fresno, has been appointed to the State Council on Developmental Disabilities. Lutton was the Program Manager at Family Voices of California from 2022 to 2024. He was an Educational Resource Specialist at EPU Children’s Center from 2019 to 2022. Lutton is a member of the Editorial Board at the American Association of Pediatrics and Fresno County In-Home Services Advisory Committee. This position does not require Senate confirmation, and the compensation is $100 per diem. Lutton is a Democrat.

    Eric Bergersen, of Long Beach, has been appointed to the Physician Assistant Board. Bergersen has been the Regional Medical Director at Bicycle Health Medical Group since 2020. He was the APC Director at VEP Healthcare from 2018 to 2020. Bergersen was an Emergency Medicine Physician Assistant at VEP Healthcare from 2017 to 2019. He was a Clinical Consultant at GYANT from 2018 to 2019. Bergersen was the Lead Emergency Department Technician at Beth Israel Deaconess Medical Center from 2012 to 2015. He is a member of Physician Assistants in Virtual Medicine and Telemedicine. Bergersen earned a Master of Science degree in Health Care Administration from Oklahoma State University, a Master of Science degree in Physician Assistant Studies from George Washington University, and Bachelor of Science in Behavioral Neuroscience from Northeastern University. This position does not require Senate confirmation, and the compensation is $100 per diem. Bergersen is a Democrat.

    Ed Perez, of Sacramento, has been appointed to the Physician Assistant Board. Perez was a manager at Labor Relations and Performance Management, California Department of Water Resources from 2019 to 2024. He was a Labor Relations Specialist, Department of Water Resources from 2015 to 2019. Perez was a Labor Relations Specialist & Labor Relations Analyst at the California Department of Corrections and Rehabilitation from 2013 to 2015. He is a member of the Asian Pacific American Public Affairs Association (APAPA), the Hamptons Community Foundation, the Hamptons Owners Association, the Gardenland-Northgate Neighborhood Association, and a Community Activist with AARP. This position does not require Senate confirmation, and the compensation is $100 per diem. Perez is a Democrat.

    Drake Dillard, of Los Angeles, has been reappointed to the California Commission on Disability Access, where he has served since 2020. Dillard has been a Senior Project Manager at Perkins & Will since 2014. He was a Senior Healthcare Architect at Parsons from 2007 to 2013. Dillard was a Project Architect at Kaiser Permanente from 1989 to 1998. He is a member of the Crenshaw Design Review Panel, American Institute of Architects and the National Organization of Minority Architects. Dillard earned a Master of Arts degree in Architecture from Howard University and a Bachelor of Arts degree in Architecture from the University of Illinois Urbana-Champaign. This position requires Senate confirmation, and the compensation is $100 per diem. Dillard is registered without party preference.

    Jaqueline Jackson, of San Diego, has been reappointed to the California Commission on Disability Access, where she has served since 2020. Jackson has been a Non-Profit Management Consultant since 1994. She was Development Director and Consultant for the San Diego Center for the Blind from 2002 to 2004. Jackson was Director of Charter School Development for Norman and Norman Inc. from 1996 to 2005. She was an Education Consultant for the School Futures Research Foundation from 1994 to 1996. Jackson was the Director of Education for Health and Family Support Services at the San Diego Urban League from 1988 to 1994. She is a member of the City of San Diego Accessibility Advisory Board, City of San Diego Senior Affairs Advisory Board, and the County of San Diego Registrar of Voters Accessibility Advisory Committee. Jackson earned a Master of Education degree from the University of San Diego and a Bachelor of Arts degree in Psychology from California State University, San Diego. This position requires Senate confirmation, and the compensation is $100 per diem. Jackson is a Democrat.

    Press Releases, Recent News

    Recent news

    Feb 11, 2025

    News What you need to know: Across all of state government, highly-specialized personnel and response equipment are on the ground working to protect communities statewide from storm impacts.  Los Angeles, California – With another significant winter storm system…

    Feb 11, 2025

    News What you need to know: Governor Gavin Newsom issued an executive order today ordering the state to ensure that childcare providers impacted by the recent wildfires in Los Angeles are aware of their potential eligibility for Disaster Unemployment Assistance and…

    Feb 11, 2025

    News What you need to know: The fastest large-scale debris removal in modern state history began today in Altadena and the Pacific Palisades, in roughly half the time it took to start similar operations after the devastating 2018 Woolsey Fire.  LOS ANGELES – Governor…

    MIL OSI USA News –

  • MIL-OSI USA: Governor Newsom issues executive order to support childcare providers impacted by LA fires

    Source: US State of California 2

    Feb 11, 2025

    What you need to know: Governor Gavin Newsom issued an executive order today ordering the state to ensure that childcare providers impacted by the recent wildfires in Los Angeles are aware of their potential eligibility for Disaster Unemployment Assistance and have the support needed to apply.

    Los Angeles, California – Today, Governor Gavin Newsom issued an Executive Order for the Department of Social Services, in collaboration with the California Employment Development Department (EDD), to individually contact childcare programs or providers whose childcare facility has not reopened in the wake of the Los Angeles wildfires and make them aware of their potential eligibility for Disaster Unemployment Assistance. It also orders the agencies to support each individual in completing the application for those benefits.  

    “As California begins to recover from the devastating Los Angeles wildfires, we are working to make sure that childcare providers are aware of the federal and state supports available to them if they still are unable to work due to the fires. We will make sure that those who help our families have the resources they need and deserve.”

    Governor Gavin Newsom

    “Caregiving isn’t just a service—it’s the infrastructure we all need to go to work — making it a vital piece of the workforce equation. Ensuring that childcare providers— an industry that is majority women — are able to provide for their own families during this time is crucial to their ability to recover and rebuild, just as it’s critical to supporting the larger economy.”

    First Partner Jennifer Siebel Newsom

    Text of the executive order is available here.

    Get help today

    EDD helps people and businesses in California who have been affected by disasters. If you lost your job or can’t work because of this disaster, you may qualify for unemployment, disability, or Paid Family Leave benefits. For information on this disaster and to see if you qualify, visit EDD’s Disaster Unemployment Assistance website.

    For those Californians impacted by the firestorms in Los Angeles, there are resources available. Californians can go to CA.gov/LAfires – a hub for information and resources from state, local and federal government.  

    Individuals and business owners who sustained losses from wildfires in Los Angeles County can apply for disaster assistance:

    • Online at DisasterAssistance.gov
    • By calling 800-621-3362
    • By using the FEMA smart phone application
    • Assistance is available in over 40 languages
    • If you use a relay service, such as video relay service (VRS), captioned telephone service or others, give FEMA the number for that service

    Recent news

    Feb 11, 2025

    News What you need to know: The fastest large-scale debris removal in modern state history began today in Altadena and the Pacific Palisades, in roughly half the time it took to start similar operations after the devastating 2018 Woolsey Fire.  LOS ANGELES – Governor…

    Feb 10, 2025

    News What you need to know: The state continues to upgrade CA.gov/LAfires to provide more resources and information for firestorm survivors.  LOS ANGELES – Governor Gavin Newsom today announced new efforts to provide accountability with ongoing Los Angeles firestorm…

    Feb 10, 2025

    News What you need to know: The state and federal government are working at record-pace to remove debris from the Los Angeles area firestorms. LOS ANGELES – The State of California, in coordination with federal and local partners, is rapidly advancing wildfire cleanup…

    MIL OSI USA News –

  • MIL-OSI USA: With biggest winter storm of the season looming, California takes early, proactive steps to protect communities and harden burn scar areas  

    Source: US State of California 2

    Feb 11, 2025

    What you need to know: Across all of state government, highly-specialized personnel and response equipment are on the ground working to protect communities statewide from storm impacts. 

    Los Angeles, California – With another significant winter storm system expected to reach California later this week, work continues statewide to ensure communities impacted by recent wildfires – including the firestorms in Los Angeles – are protected.

    To prepare for this storm, Governor Gavin Newsom is directing a whole-of-government response to bolster local resources.

    In Altadena today, Governor Newsom and First Partner Jennifer Siebel Newsom surveyed ongoing work by state crews to prepare the Eaton Fire burn scar area ahead of rain. 

    At Governor Newsom’s direction, the state has installed emergency protection materials to contain burn scar debris from the Eaton and Palisades fires from entering creeks, rivers, and other bodies of water. The state is coordinating locally requested materials such as K-rails (concrete barriers) to divert debris flow and has completed debris basin clean-up activities over the last month to mitigate potential impacts in vulnerable areas.

    California has been in a constant state of readiness preparing for extreme winter weather. Crews have been on the ground for weeks working to secure areas against possible mudslides and debris flows. If you’re in the storm’s path, please remain vigilant and follow all guidance of local authorities.

    Governor Gavin Newsom

    California is monitoring storm impacts, in particular to burn scar areas that pose the threat of mudslides and debris flows. According to the National Weather Service, this storm system will bring far-reaching impacts across the state, including risks of urban flooding and burn scar impacts in Southern California, high winds and heavy snow. 

    State actions to protect communities include:

    • 319,000 sandbags and 5,600 super sacks have been deployed to Southern California locations through the Department of Water Resources (DWR).
    • 242 total CAL FIRE engines are deployed throughout the state to rapidly respond, including 109 engines CAL FIRE Southern Region and 133 engines CAL FIRE Northern Region.
    • Cal OES has prepositioned flood fighting and debris flow resources and more than 400 personnel in 8 counties, including Colusa, Fresno, Los Angeles, Orange, Glenn, Tulare, Ventura and Santa Barbara. In total the state is deploying through the Fire and Rescue Mutual Aid System the following:
      • 48 fire engines
      • 8 dozers 
      • 5 helicopters
      • 8 dispatchers
      • 6 hand crews
      • 8 swiftwater rescue teams
      • 3 local Incident Management Teams
      • 1 Regional Task Force
      • 2 excavators 
      • 2 loaders
      • 5 heavy rescue teams
    • Nearly 120 miles of emergency protection materials, including straw wattle, compost sock and silt fencing, have been installed through the California Conservation Corps to contain burn scar debris from entering creeks, rivers and other bodies of water. 
    • 30 watershed protection specialists have been deployed to burn scar areas.
    • Caltrans is placing erosion-control devices, including wattles, to limit mudflows. Caltrans is mobilizing crew members to monitor for rocks and other debris falling from burned slopes on the Pacific Coast Highway and Topanga Canyon Boulevard. 
    • 14 geologists are deployed to study and map burn scars of the Palisades, Eaton and Kenneth fires. The California Geological Survey is using this information to determine where debris flow could occur and where to install mitigation. The department also coordinated aerial flights over the scars to gather LiDAR data to further study burn areas for possible debris flow.
    • 70 soldiers and heavy engineering equipment through the California National Guard are deployed in the area to support debris removal efforts.
    • The California Department of Social Services is coordinating with local partners on shelters and warming centers to serve impacted communities.
    • The California Department of Public Health is supporting licensed healthcare facilities. 

    These early actions add on to the work the state has done in recent weeks to protect California communities and boost the state’s water supply. On January 31, the Governor signed an executive order to direct state agencies to direct additional water storage by maximizing excess water from winter storms.

    Residents in affected areas are urged to stay informed about potential debris flow risks, especially during storms, and to follow guidance from local emergency officials. For resources and information specific to the Los Angeles firestorms, visit CA.gov/LAfires.

    Preparing for upcoming weather

    On Thursday, rainfall rates could approach 1” per hour near thunderstorms. In addition, there’s anticipated heavy mountain snow, with levels dropping to 2,000-3,000 feet across the north and down to 6,500 feet in the far south. Parts of the state will see wind gusts of 35-55 mph in Central and Southern California.

    The incoming storm could bring an increased risk of power outages, flooding in small streams and low-lying areas, and debris, rocks and mudslides on roadways.

    Residents are encouraged to not drive through flooded roadways, prepare in advance for power outages and reduce injury risks from falling limbs and trees by staying inside during high wind events.

    Residents are urged to stay informed and listen to local authorities about actions they should take including evacuation orders or safety recommendations. In burn scar areas, officials recommend preparing for possible sudden debris flows by having a go-bag packed and knowing evacuation routes.

    For more information on winter storm preparedness visit ready.ca.gov.

    Recent news

    Feb 11, 2025

    News What you need to know: Governor Gavin Newsom issued an executive order today ordering the state to ensure that childcare providers impacted by the recent wildfires in Los Angeles are aware of their potential eligibility for Disaster Unemployment Assistance and…

    Feb 11, 2025

    News What you need to know: The fastest large-scale debris removal in modern state history began today in Altadena and the Pacific Palisades, in roughly half the time it took to start similar operations after the devastating 2018 Woolsey Fire.  LOS ANGELES – Governor…

    Feb 10, 2025

    News What you need to know: The state continues to upgrade CA.gov/LAfires to provide more resources and information for firestorm survivors.  LOS ANGELES – Governor Gavin Newsom today announced new efforts to provide accountability with ongoing Los Angeles firestorm…

    MIL OSI USA News –

  • MIL-OSI USA: In Altadena, Governor Newsom joins federal and state leaders to launch new phase of firestorm debris removal

    Source: US State of California 2

    Feb 11, 2025

    What you need to know: The fastest large-scale debris removal in modern state history began today in Altadena and the Pacific Palisades, in roughly half the time it took to start similar operations after the devastating 2018 Woolsey Fire. 

    LOS ANGELES – Governor Gavin Newsom today joined federal and local partners to begin work on structural debris removal from the Los Angeles firestorms, building on the US EPA’s work already underway to initially remove household hazardous waste.

    The Federal Emergency Management Agency (FEMA) and the U.S. Army Corps of Engineers (USACE) began private property debris removal Tuesday morning in Altadena and Tuesday afternoon in Pacific Palisades, closely coordinating efforts with local officials. The Governor also highlighted the completion of debris removal from an Altadena K-8 school, the site of this morning’s announcement. 

    “The new phase of debris removal that’s starting today marks a foundational step in helping Angelenos build back stronger. I’m grateful to the state and federal workers who are clearing debris at record-pace so firestorm survivors can begin the rebuilding process as quickly and safely as possible.”

    Governor Gavin Newsom

    The removal process that began today comes only 35 days after the fires ignited — roughly half the time it took to start similar operations after the devastating 2018 Woolsey Fire.
     
    Under Governor Newsom’s leadership, California has expedited the cleanup process by cutting red tape and eliminating bureaucratic barriers, allowing highly trained crews to enter impacted communities sooner and help survivors rebuild their lives faster. 

    The Los Angeles County Department of Public Works, in partnership with six locally affected jurisdictions, has worked around the clock to collect Right-of-Entry (ROE) forms from residents, develop haul routes, and coordinate safe transport of fire ash and debris.
     
    The U.S. Environmental Protection Agency (EPA) is rapidly completing the removal of household hazardous materials at record speed, clearing the way for this next phase of cleanup.
     
    Last month, Governor Newsom announced that FEMA, working with the Governor’s Office of Emergency Services (Cal OES), had tasked the EPA with safely removing and disposing of hazardous materials from homes and structures impacted by the fires. This crucial first step — one of the most complex phases of wildfire cleanup — paved the way for the structural debris removal now underway.

    As these operations continue, residents should anticipate an increased presence of debris removal teams in their communities and plan accordingly. The agencies involved appreciate the public’s support and patience as crews work to eliminate health and safety risks from impacted properties.

    Since the fires began, Governor Newsom has led an aggressive, coordinated, whole-of-government response to support impacted communities. Prior to the fires breaking out, the state had already deployed thousands of firefighters and personnel, with more than 16,000 boots on the ground at the peak of response efforts. In the days that followed, the state has launched historic recovery and rebuilding efforts to ensure Los Angeles communities receive the support they need.

    Fire survivors can sign up for the federal debris removal program by visiting a Disaster Recovery Center (DRC) or online at ca.gov/LAFires

    Recent news

    Feb 10, 2025

    News What you need to know: The state continues to upgrade CA.gov/LAfires to provide more resources and information for firestorm survivors.  LOS ANGELES – Governor Gavin Newsom today announced new efforts to provide accountability with ongoing Los Angeles firestorm…

    Feb 10, 2025

    News What you need to know: The state and federal government are working at record-pace to remove debris from the Los Angeles area firestorms. LOS ANGELES – The State of California, in coordination with federal and local partners, is rapidly advancing wildfire cleanup…

    Feb 10, 2025

    News What you need to know: Governor Newsom is sponsoring new legislation to allow homeowners who receive insurance payments for lost or damaged property to receive the interest accrued rather than lenders.  LOS ANGELES — As part of the state’s ongoing efforts to…

    MIL OSI USA News –

  • MIL-OSI: QXO Receives Antitrust Clearance for Acquisition of Beacon Roofing Supply

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., Feb. 12, 2025 (GLOBE NEWSWIRE) — QXO, Inc. (NYSE: QXO) announced today that it has obtained antitrust clearance in both the U.S. and Canada for its acquisition of Beacon Roofing Supply, Inc. (Nasdaq: BECN), paving the way for QXO to close the transaction quickly. The company confirmed that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired and that it has received early termination of the waiting period from the Canadian Competition Bureau.

    “With committed financing in place and these necessary regulatory approvals secured, QXO is prepared to complete this acquisition and deliver immediate, compelling value to Beacon shareholders,” said Brad Jacobs, chairman and chief executive officer of QXO. “Beacon should remove its shareholder-unfriendly poison pill so shareholders can benefit from our premium all-cash offer.”

    QXO’s all-cash tender offer for all of Beacon’s outstanding common stock of $124.25 per share, which is higher than Beacon’s stock has ever traded, remains open until 12:00 midnight (New York City time) at the end of February 24, 2025. QXO is prepared to complete the acquisition shortly after the tender expires, subject to the terms of the offer. Importantly, the transaction is not subject to any financing conditions or due diligence conditions.

    Advisors

    Morgan Stanley & Co. LLC is acting as lead financial advisor to QXO, and Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal counsel.

    About QXO

    QXO provides technology solutions, primarily to clients in the manufacturing, distribution and service sectors. The company provides consulting and professional services, including specialized programming, training and technical support, and develops proprietary software. As a value-added reseller of business application software, QXO offers solutions for accounting, financial reporting, enterprise resource planning, warehouse management systems, customer relationship management, business intelligence and other applications. QXO plans to become a tech-forward leader in the $800 billion building products distribution industry. The company is targeting tens of billions of dollars of annual revenue in the next decade through accretive acquisitions and organic growth. Visit www.qxo.com for more information.

    Forward-Looking Statements

    This communication contains forward-looking statements. Statements that are not historical facts, including statements about beliefs, expectations, targets, goals, regulatory approval timing and nominating directors are forward-looking statements. These statements are based on plans, estimates, expectations and/or goals at the time the statements are made, and readers should not place undue reliance on them. In some cases, readers can identify forward-looking statements by the use of forward-looking terms such as “may,” “will,” “should,” “expect,” “opportunity,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “target,” “goal,” or “continue,” or the negative of these terms or other comparable terms. Forward-looking statements involve inherent risks and uncertainties and readers are cautioned that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statements. Such factors include but are not limited to: the ultimate outcome of any possible transaction between QXO, Inc. (“QXO”) and Beacon Roofing Supply, Inc. (“Beacon”), including the possibility that the parties will not agree to pursue a business combination transaction or that the terms of any definitive agreement will be materially different from those proposed; uncertainties as to whether Beacon will cooperate with QXO regarding the proposed transaction; the ultimate result should QXO commence a proxy contest for election of directors to Beacon’s Board of Directors; QXO’s ability to consummate the proposed transaction with Beacon; the conditions to the completion of the proposed transaction, including the receipt of any required shareholder approvals and any required regulatory approvals; QXO’s ability to finance the proposed transaction; the substantial indebtedness QXO expects to incur in connection with the proposed transaction and the need to generate sufficient cash flows to service and repay such debt; that operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers or suppliers) may be greater than expected following the proposed transaction or the public announcement of the proposed transaction; QXO’s ability to retain certain key employees; and general economic conditions that are less favorable than expected. QXO cautions that forward-looking statements should not be relied on as predictions of future events, and these statements are not guarantees of performance or results. Forward-looking statements herein speak only as of the date each statement is made. QXO does not assume any obligation to update any of these statements in light of new information or future events, except to the extent required by applicable law.

    Important Additional Information and Where to Find It

    This communication is for informational purposes only and does not constitute a recommendation, an offer to purchase or a solicitation of an offer to sell Beacon securities. QXO and Queen MergerCo, Inc. (the “Purchaser”) filed a Tender Offer Statement on Schedule TO with the Securities and Exchange Commission (the “SEC”) on January 27, 2025, and Beacon filed a Solicitation/Recommendation Statement on Schedule 14D-9 with respect to the tender offer with the SEC on February 6, 2025. Investors and security holders are urged to carefully read the Tender Offer Statement (including the Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as each may be amended or supplemented from time to time) and the Solicitation/Recommendation Statement as these materials contain important information that investors and security holders should consider before making any decision regarding tendering their common stock, including the terms and conditions of the tender offer. The Tender Offer Statement, Offer to Purchase, Solicitation/Recommendation Statement and related materials are filed with the SEC, and investors and security holders may obtain a free copy of these materials and other documents filed by QXO and Beacon with the SEC at the website maintained by the SEC at www.sec.gov. In addition, the Tender Offer Statement and other documents that QXO and the Purchaser file with the SEC will be made available to all investors and security holders of Beacon free of charge from the information agent for the tender offer: Innisfree M&A Incorporated, 501 Madison Avenue, 20th Floor, New York, NY 10022, toll-free telephone: +1 (888) 750-5834.
    QXO and the other participants intend to file a preliminary proxy statement and accompanying WHITE universal proxy card with the SEC to be used to solicit proxies for, among other matters, the election of its slate of director nominees at the 2025 Annual Meeting of stockholders of Beacon. QXO strongly advises all stockholders of Beacon to read the preliminary proxy statement, any amendments or supplements to such proxy statement, and other proxy materials filed by QXO with the SEC as they become available because they will contain important information. Such proxy materials will be available at no charge on the SEC’s website at www.sec.gov and at QXO’s website at investors.qxo.com. In addition, the participants in this proxy solicitation will provide copies of the proxy statement, and other relevant documents, without charge, when available, upon request. Requests for copies should be directed to the participants’ proxy solicitor.

    Certain Information Concerning the Participants

    The participants in the proxy solicitation are anticipated to be QXO, Brad Jacobs, Ihsan Essaid, Matt Fassler, Mark Manduca and the individuals nominated by QXO (the “QXO Nominees”). QXO expects to determine and announce the QXO Nominees prior to the nomination deadline for the 2025 annual meeting of stockholders of Beacon. As of the date of this communication, other than 100 shares of common stock of Beacon beneficially owned by QXO, none of the participants who have been identified has any direct or indirect interest, by security holdings or otherwise, in Beacon.

    Media Contacts

    Joe Checkler
    joe.checkler@qxo.com
    203-609-9650

    Steve Lipin / Lauren Odell
    Gladstone Place Partners
    212-230-5930

    Investor Contacts

    Mark Manduca
    mark.manduca@qxo.com
    203-321-3889

    Scott Winter / Jonathan Salzberger
    Innisfree M&A Incorporated
    212-750-5833

    The MIL Network –

  • MIL-OSI: Helium Evolution Provides Operations Update on Mankota Helium Fairway

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Feb. 12, 2025 (GLOBE NEWSWIRE) — Helium Evolution Incorporated (TSXV:HEVI) (“HEVI” or the “Company“), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, is pleased to announce significant progress on its ongoing helium exploration activities along the Mankota helium fairway.

    Operations Update

    HEVI is excited to announce that its partner, North American Helium Inc. (“NAH”), has successfully completed drilling operations at the joint well at 5-30-3-8W3 (the “5-30 Well”) and completion operations are now underway. NAH will complete, test and evaluate the 5-30 Well in the coming weeks to confirm the presence of helium and evaluate commerciality of the potential helium discovery.

    Furthermore, the drilling rig has moved to the 3-19-3-8W3 location (the “3-19 Well”). HEVI has confirmed its 20% participation in the 3-19 Well, with HEVI’s share of the drilling costs expected to be approximately $0.4 million.

    Additionally, HEVI reports that the drilling of the 12-29-2-8W3 (the “12-29 Well”) has been completed. The drilling rig has been released and NAH has moved in a completion rig to complete and perforate the 12-29 Well to confirm the presence of helium. Operations on the 12-29 Well must cease by February 22, 2025, due to environmental restrictions in the area.

    “We are extremely pleased with the progress of our operations along the Mankota helium fairway, which holds considerable promise,” said Greg Robb, President and CEO of HEVI. “We are committed to advancing our development efforts and believe the results from the 5-30 Well are critical to moving towards our ultimate goal of helium production. We will continue to work closely with our partner, NAH, to drive forward our strategy for long-term growth.”

    Stay Connected to Helium Evolution

    Shareholders and other parties interested in learning more about the Helium Evolution opportunity are encouraged to visit the Company’s website, which includes an updated corporate presentation, and are invited to follow the Company on LinkedIn and X for ongoing corporate updates and helium industry information. Helium Evolution also provides an extensive, commissioned ‘deep-dive’ research report prepared by a third party whose background includes serving as a research analyst for several bank-owned and independent investment dealers.

    About Helium Evolution Incorporated

    Helium Evolution is a Canadian-based helium exploration company holding the largest helium land rights position in North America among publicly-traded companies, focused on developing assets in southern Saskatchewan. The Company has over five million acres of land under permit near proven discoveries of economic helium concentrations which will support scaling the exploration and development efforts across its land base. HEVI’s management and board are executing a differentiated strategy to become a leading supplier of sustainably-produced helium for the growing global helium market.

    For further information, please contact:

    Statement Regarding Forward-Looking Information

    This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

    Forward-looking statements in this document include statements regarding, the Company’s expectations regarding scalable helium production from its land generally, completion, testing and evaluation of the 5-30 Well and the 12-29 Well, ceasing operations on the 12-29 Well due to environmental restrictions, drilling the 3-19 Well, the Company’s expectations regarding advancing development efforts and moving towards helium production, working closely with NAH, the Company’s expectation regarding long-term growth, the Company’s intention to provide further updates regarding significant updates and developments, the Company becoming a leading supplier of sustainably-produced helium, timeline of future updates, the Company’s beliefs regarding growth of the global helium market and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: NAH may be unsuccessful in drilling commercially productive wells; the Company and/or NAH may abandon or defer plans for continuing the completion, testing and evaluation of the 5-30 Well and/or the 12-29 Well; the Company and/or NAH may abandon its plans for drilling the 3-19 Well; the Company and/or NAH may determine not to bring wells onto production; the Company and/or NAH may abandon plans to produce wells and may not work closely together; there may not be long-term growth; new laws or regulations and/or unforeseen events could adversely affect the Company’s business and results of operations; stock markets have experienced volatility that often has been unrelated to the performance of companies and such volatility may adversely affect the price of the Company’s securities regardless of its operating performance; risks generally associated with the exploration for and production of resources; the uncertainty of estimates and projections relating to expenses and the Company’s working capital position; constraint in the availability of services; commodity price and exchange rate fluctuations; adverse weather or break-up conditions; and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.

    When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and risks other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/35e2489b-d97a-4d88-a63c-3d513d6fc466.

    The MIL Network –

  • MIL-OSI: Amplify ETFs to Liquidate Two ETFs

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 12, 2025 (GLOBE NEWSWIRE) — Amplify ETFs, a leading provider of innovative exchange traded funds, today announced the scheduled liquidation of two ETFs (the “Funds”). The Funds scheduled for liquidation include:

    ETF Name Ticker
    Amplify BlackSwan Tech & Treasury ETF QSWN
    Amplify Thematic All-Stars ETF MVPS

    Based on the recommendation of Amplify Investments LLC, the Funds’ investment adviser, the Board of Trustees of the Amplify ETF Trust unanimously determined that it is in the best interest of the Funds and their shareholders to liquidate the Funds.

    The Funds will no longer accept creation or redemption orders after the close of business on February 26, 2025. Shareholders may sell their shares in the Funds prior to the end of trading on March 5, 2025. Customary brokerage charges may apply to these transactions. The Funds will cease trading at the end of the trading day on March 5, 2025.

    The Funds will be liquidated and a final distribution to shareholders of the Funds is expected to occur on or around March 10, 2025. Any person holding shares in the Funds as of the liquidation date will receive a cash redemption amount equal to the net asset value of their shares as of that date. Shareholders will generally recognize a capital gain or loss on any redemption.

    Amplify Investments will bear all fees and expenses that may be incurred in connection with the liquidation of the Funds and the distribution of cash proceeds to investors, other than brokerage fees and other related expenses.

    For additional information about the liquidation, shareholders of the Funds may call 855-267-3837 or visit amplifyetfs.com.

    About Amplify ETFs
    Amplify ETFs, sponsored by Amplify Investments, has over $10.9 billion in assets across its suite of ETFs (as of 02/07/2025). Amplify ETFs delivers expanded investment opportunities for investors seeking growth, income, and risk-managed strategies across a range of actively managed and index-based ETFs. To learn more visit AmplifyETFs.com.

    Sales Contact:
    Amplify ETFs
    855-267-3837
    info@amplifyetfs.com    		 Media Contacts:
    Gregory FCA for Amplify ETFs
    Kerry Davis
    610-228-2098
    amplifyetfs@gregoryfca.com
       

    Carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at AmplifyETFs.com. Read the prospectus carefully before investing.

    Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

    Amplify ETFs are distributed by Foreside Fund Services, LLC.

    The MIL Network –

  • MIL-OSI: Gilat Reports Fourth Quarter and Full Year 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    Q4 Revenue of $78.1 million, GAAP Operating Income of $12.8 million and Adjusted EBITDA of $12.1 million

    2024 Revenue of $305.4 million, GAAP Operating Income of $27.7 million and a 25-year Record Adjusted EBITDA of $42.2 million

    Expects 2025 Revenues to increase by 36%-50%

    Announces New Reporting Segments

    PETAH TIKVA, Israel, Feb. 12, 2025 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its unaudited results for the fourth quarter and full year ended December 31, 2024.

    Fourth Quarter 2024 Financial Highlights

    • Revenue of $78.1 million, up 3% compared with $75.6 million in Q4 2023;
    • GAAP operating income of $12.8 million, compared with $2.9 million in Q4 2023;
    • Non-GAAP operating income of $9.7 million, compared with $6.1 million in Q4 2023;
    • GAAP net income of $11.8 million, or $0.21 per diluted share, compared with $3.4 million, or $0.06 per diluted share, in Q4 2023;
    • Non-GAAP net income of $8.5 million, or $0.15 per diluted share, compared with $6.5 million, or $0.11 per diluted share, in Q4 2023;
    • Adjusted EBITDA of $12.1 million, up 30% compared with $9.4 million in Q4 2023.

    Full year 2024 Financial Highlights

    • Revenue of $305.4 million, up 15% compared with $266.1 million in 2023;
    • GAAP operating income of $27.7 million, compared with $28.1 million in 2023;
    • Non-GAAP operating income of $31.9 million, up 35% compared with $23.5 million in 2023;
    • GAAP net income of $24.8 million, or $0.44 per diluted share, compared with $23.5 million, or $0.41 per diluted share in 2023;
    • Non-GAAP net income of $28.2 million, or $0.49 per diluted share, compared with $19.9 million, or $0.35 per diluted share 2023;
    • Adjusted EBITDA was $42.2 million, up 16% compared with adjusted EBITDA of $36.4 million in 2023.

    2025 Guidance

    Management’s financial guidance for 2025 is for revenues of between $415 to $455 million, and Adjusted EBITDA is expected to be between $47 to $53 million1.

    Adi Sfadia, Gilat’s CEO, commented, “Gilat delivered strong results with profitability of Adjusted EBITDA of $12.1 million for the fourth quarter and $42.2 million for the entire year. These results alongside our strong generation of cash flow underscore the strength and resilience of our core business model, demonstrating both operating leverage and the positive impact of our current product revenue mix.”

    “During the fourth quarter our Defense and In-Flight Connectivity business continued to experience strong momentum with increased orders and awards. The Defense segment, with a focus on the US DoD, represents a significant growth opportunity for Gilat. We are pleased with our progress in expanding opportunities to serve the specialized needs of government and military customers with our innovative satellite solutions,” Mr. Sfadia continued. “With the closing of the Stellar Blu acquisition, our Commercial business is poised for significant growth as we establish our leadership in the expanding Electronically Steerable Antenna (ESA) market. Our portfolio of IFC GEO, LEO and multi-orbit solutions will be instrumental in capitalizing on increasing demand for inflight connectivity by airlines and passengers.”

    Mr. Sfadia concluded, “Looking ahead into 2025, given the significant potential we see in the defense market and our view of this as a strategic growth engine, we plan to increase our investment in R&D, Sales and Marketing of the Defense Segment. We believe that this targeted increase will allow us to take advantage of the opportunities we see quicker and more decisively to ensure a long term growth in this market. Coupled with our recent acquisitions and positioning in the Satcom market, Gilat has the resource base to scale the IFC and Defense businesses and our track record of profitable, cash generating growth, provides a strong foundation for Gilat’s continued success.”

    Commencing January 1, 2025, the company has implemented a new organizational structure and reportable segments. The new organizational structure and segment reporting are designed to better target the diverse and attractive end markets the company serves and to provide investors with greater insight into Gilat’s business lines and strategic growth opportunities. The company will report financial results based on the following three divisions: Gilat Defense, Gilat Commercial and Gilat Peru.

    • Gilat Defense Division: provides secure, rapid-deployment solutions for military organizations, government agencies, and defense integrators, with a strong focus on the U.S. Department of Defense resulting from our strategic acquisition of DataPath Inc. By integrating technologies from Gilat, Gilat DataPath, and Gilat Wavestream, the division delivers resilient battlefield connectivity with multiple layers of communication redundancy for high availability.
    • Gilat Commercial Division: provides advanced broadband satellite communication networks for IFC, Enterprise and Cellular Backhaul, supporting HTS, VHTS, and NGSO constellations with turnkey solutions for service providers, satellite operators, and enterprises. Our acquisition of Stellar Blu serves as the cornerstone of this division, strengthening our position in the IFC market and enabling us to provide cutting-edge connectivity solutions that meet the demands of passengers, airlines, and service providers worldwide.
    • Gilat Peru Division: specializes in end-to-end telco solutions, including the operation and implementation of large-scale network projects. With expertise in terrestrial fiber optic, wireless, and satellite networks, Gilat Peru provides technology integration, managed networks and services, connectivity solutions, and reliable internet and voice access across the region.

    Gilat has prepared unaudited illustrations of the company’s financial reports for Fiscal Years 2023 and 2024 to reflect the company’s results based on the new segment reporting, which can be found in the IR section on Gilat’s website. For additional information about Gilat’s new divisional structure, please click here: Link

    Key Recent Announcements

    • Gilat Secures Over $18 Million Orders Addressing Demand for In-Flight Connectivity Solutions
    • Gilat Receives $9 Million in Orders for Multi-Orbit SkyEdge Platforms
    • Gilat Completes Acquisition of Stellar Blu Solutions LLC
    • Gilat and Hispasat Provided Immediate Satellite Communication to Support Disaster Recovery Efforts After Hurricane Helene
    • Gilat Receives Over $3 Million in Orders to Support LEO Constellations
    • Gilat Awarded Over $5 Million in orders to Support Critical Connectivity for Defense Forces
    • Gilat Receives $4M in Orders for Advanced Portable Terminals from Global Defense Customers

    Conference Call Details

    Gilat’s Management will discuss its fourth quarter and full year 2024 results and business achievements and participate in a question-and-answer session:

    Date: Wednesday, February 12, 2025
    Start: 09:30 AM EST / 16:30 IST
    Dial-in: US: 1-888-407-2553
      International: +972-3-918-0609
       

    A simultaneous webcast of the conference call will be available on the Gilat website at gilat.com and through this link: https://veidan.activetrail.biz/gilatq4-2024

    The webcast will also be archived for a period of 30 days on the Company’s website and through the link above.

    Non-GAAP Measures

    The attached summary unaudited financial statements were prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP). To supplement the consolidated financial statements presented in accordance with GAAP, the Company presents non-GAAP presentations of gross profit, operating expenses, operating income, income before taxes on income, net income, Adjusted EBITDA, and earnings per share. The adjustments to the Company’s GAAP results are made with the intent of providing both management and investors with a more complete understanding of the Company’s underlying operational results, trends, and performance. Non-GAAP financial measures mainly exclude, if and when applicable, the effect of stock-based compensation expenses, amortization of purchased intangibles, lease incentive amortization, other non-recurring expenses, other integration expenses, other operating expenses (income), net, and income tax effect on the relevant adjustments.

    Adjusted EBITDA is presented to compare the Company’s performance to that of prior periods and evaluate the Company’s financial and operating results on a consistent basis from period to period. The Company also believes this measure, when viewed in combination with the Company’s financial results prepared in accordance with GAAP, provides useful information to investors to evaluate ongoing operating results and trends. Adjusted EBITDA, however, should not be considered as an alternative to operating income or net income for the period and may not be indicative of the historic operating results of the Company; nor is it meant to be predictive of potential future results. Adjusted EBITDA is not a measure of financial performance under GAAP and may not be comparable to other similarly titled measures for other companies. Reconciliation between the Company’s net income and adjusted EBITDA is presented in the attached summary financial statements.

    Non-GAAP presentations of gross profit, operating expenses, operating income, income before taxes on income, net income, adjusted EBITDA and earnings per share should not be considered in isolation or as a substitute for any of the consolidated statements of operations prepared in accordance with GAAP, or as an indication of Gilat’s operating performance or liquidity.

    About Gilat

    Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we develop and deliver deep technology solutions for satellite, ground, and new space connectivity, offering next-generation solutions and services for critical connectivity across commercial and defense applications. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.

    Together with our wholly-owned subsidiaries—Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu—we offer integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) via our Commercial and Defense Divisions. Our comprehensive portfolio is comprised of a cloud-based platform and modems; high-performance satellite terminals; advanced Satellite On-the-Move (SOTM) antennas and ESAs; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense markets, field services, network management software, and cybersecurity services.

    Gilat’s products and tailored solutions support multiple applications including government and defense, IFC and mobility, broadband access, cellular backhaul, enterprise, aerospace, broadcast, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: http://www.gilat.com

    Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel, including those related to the terrorist attacks by Hamas, and the hostilities between Israel and Hamas and Israel and Hezbollah. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.

    Contact:

    Gilat Satellite Networks

    Hagay Katz, Chief Product and Marketing Officer
    hagayk@gilat.com

    Alliance Advisors:

    GilatIR@allianceadvisors.com
    Phone: +1 212 838 3777

    _________________
    1     We do not provide forward-looking guidance on a GAAP basis because we are unable to reasonably provide forward-looking guidance for certain financial data, such as amortization of purchased intangibles and earnout-based expenses related to recent acquisitions. As a result, we are not able to provide a reconciliation of GAAP to non-GAAP financial measures for forward-looking data without unreasonable effort.

     
    GILAT SATELLITE NETWORKS LTD.
    CONSOLIDATED STATEMENTS OF INCOME 
    U.S. dollars in thousands (except share and per share data)
                       
          Twelve months ended 
    		    Three months ended 
           December 31, 
    		   December 31, 
            2024       2023       2024       2023  
          Unaudited   Audited   Unaudited
                       
    Revenues   $ 305,448     $ 266,090     $ 78,128     $ 75,612  
    Cost of revenues     192,117       161,145       47,107       46,692  
                       
    Gross profit     113,331       104,945       31,021       28,920  
                       
    Research and development expenses, net   38,136       41,173       10,108       11,624  
    Selling and marketing expenses   27,381       25,243       6,657       7,119  
    General and administrative expenses   26,868       19,215       6,192       6,312  
    Other operating expenses (income), net      (6,751 )     (8,771 )     (4,706 )     986  
                       
    Total operating expenses      85,634       76,860       18,251       26,041  
                       
    Operating income      27,697       28,085       12,770       2,879  
                       
    Financial income, net       1,504       109       63       1,196  
                       
    Income before taxes on income   29,201       28,194       12,833       4,075  
                       
    Taxes on income     (4,352 )     (4,690 )     (1,069 )     (628 )
                       
    Net income   $ 24,849     $ 23,504     $ 11,764     $ 3,447  
                       
    Earnings per share (basic and diluted)  $ 0.44     $ 0.41     $ 0.21     $ 0.06  
                       
    Weighted average number of shares used in               
      computing earnings per share                
      Basic      57,016,920       56,668,999       57,017,032       56,820,774  
      Diluted     57,016,920       56,672,537       57,017,032       56,820,774  
                                             
    GILAT SATELLITE NETWORKS LTD.
    RECONCILIATION BETWEEN GAAP AND NON-GAAP CONSOLIDATED STATEMENTS OF INCOME 
    FOR COMPARATIVE PURPOSES 
    U.S. dollars in thousands (except share and per share data)  
                             
         Three months ended     Three months ended 
        December 31, 2024   December 31, 2023
        GAAP   Adjustments (*)   Non-GAAP   GAAP   Adjustments (*)   Non-GAAP
        Unaudited   Unaudited
                             
    Gross profit $ 31,021   $ 575     $ 31,596   $ 28,920   $ 617     $ 29,537
    Operating expenses   18,251     3,680       21,931     26,041     (2,615 )     23,426
    Operating income    12,770     (3,105 )     9,665     2,879     3,232       6,111
    Income before taxes on income   12,833     (3,105 )     9,728     4,075     3,232       7,307
    Net income $ 11,764   $ (3,252 )   $ 8,512   $ 3,447   $ 3,097     $ 6,544
                             
    Basic earnings per share  $ 0.21   $ (0.06 )   $ 0.15   $ 0.06   $ 0.06     $ 0.12
                             
    Diluted earnings per share $ 0.21   $ (0.06 )   $ 0.15   $ 0.06   $ 0.05     $ 0.11
                             
                             
    Weighted average number of shares used in                       
    computing earnings per share                      
    Basic    57,017,032         57,017,032     56,820,774         56,820,774
    Diluted    57,017,032         57,024,316     56,820,774         56,987,939
                             
    (*) Adjustments reflect the effect of stock-based compensation expenses as per ASC 718, amortization of purchased intangibles, other operating income (expenses), net, other integration expenses and income tax effect on such adjustments which is calculated using the relevant effective tax rate.
              
        Three months ended   Three months ended
        December 31, 2024   December 31, 2023
            Unaudited           Unaudited    
                             
    GAAP net income      $ 11,764             $ 3,447      
                             
    Gross profit                      
    Stock-based compensation expenses       133               129      
    Amortization of purchased intangibles       389               448      
    Other integration expenses       53               40      
              575               617      
    Operating expenses                      
    Stock-based compensation expenses       653               796      
    Stock-based compensation expenses related to business combination   140               662      
    Amortization of purchased intangibles       216               162      
    Other operating income (expenses), net and other integration expenses   (4,689 )             995      
              (3,680 )             2,615      
                             
    Taxes on income       (147 )             (135 )    
                             
    Non-GAAP net income      $ 8,512             $ 6,544      
                                                 
    GILAT SATELLITE NETWORKS LTD.
    RECONCILIATION BETWEEN GAAP AND NON-GAAP CONSOLIDATED STATEMENTS OF INCOME 
    FOR COMPARATIVE PURPOSES 
    U.S. dollars in thousands (except share and per share data)  
                                 
             Twelve months ended     Twelve months ended 
            December 31, 2024   December 31, 2023
            GAAP   Adjustments (*)   Non-GAAP   GAAP   Adjustments (*)   Non-GAAP
            Unaudited   Audited   Unaudited
                                 
    Gross profit     $ 113,331   $ 3,673     $ 117,004   $ 104,945   $ 895     $ 105,840
    Operating expenses        85,634     (500 )     85,134     76,860     5,434       82,294
    Operating income       27,697     4,173       31,870     28,085     (4,539 )     23,546
    Income before taxes on income       29,201     4,173       33,374     28,194     (4,539 )     23,655
    Net income      $ 24,849   $ 3,376     $ 28,225   $ 23,504   $ (3,597 )   $ 19,907
                                 
    Basic earnings per share      $ 0.44   $ 0.06     $ 0.50   $ 0.41   $ (0.06 )   $ 0.35
                                 
    Diluted earnings per share     $ 0.44   $ 0.05     $ 0.49   $ 0.41   $ (0.06 )   $ 0.35
                                 
    Weighted average number of shares used in                        
    computing earnings per share                          
    Basic        57,016,920         57,016,920     56,668,999         56,668,999
    Diluted        57,016,920         57,041,778     56,672,537         56,784,601
                                 
    (*) Adjustments reflect the effect of stock-based compensation expenses as per ASC 718, amortization of purchased intangibles, other operating income, net, other non-recurring expenses, other integration expenses and income tax effect on such adjustments which is calculated using the relevant effective tax rate.
             
            Twelve months ended   Twelve months ended
            December 31, 2024   December 31, 2023
                Unaudited           Unaudited    
                                 
    GAAP net income         $ 24,849             $ 23,504      
                                 
    Gross profit                          
    Stock-based compensation expenses           518               407      
    Amortization of purchased intangibles           2,412               448      
    Other non-recurring expenses           466               –      
    Other integration expenses           277               40      
                  3,673               895      
    Operating expenses                          
    Stock-based compensation expenses           2,771               2,354      
    Stock-based compensation expenses related to business combination   3,437               662      
    Amortization of purchased intangibles        988               312      
    Other operating income, net and other integration expenses        (6,696 )             (8,762 )    
                  500               (5,434 )    
                                 
    Taxes on income           (797 )             942      
                                 
    Non-GAAP net income          $ 28,225             $ 19,907      
    GILAT SATELLITE NETWORKS LTD.
    SUPPLEMENTAL INFORMATION
    U.S. dollars in thousands
                         
    ADJUSTED EBITDA:                  
                         
             Twelve months ended 
    		    Three months ended 
             December 31, 
    		   December 31, 
              2024       2023       2024       2023  
            Unaudited   Unaudited
                         
    GAAP net income       $ 24,849     $ 23,504     $ 11,764     $ 3,447  
    Adjustments:                  
    Financial income, net          (1,504 )     (109 )     (63 )     (1,196 )
    Taxes on income       4,352       4,690       1,069       628  
    Stock-based compensation expenses       3,289       2,761       786       925  
    Stock-based compensation expenses related to business combination   3,437       662       140       662  
    Depreciation and amortization (*)       13,777       13,627       3,068       3,862  
    Other operating expenses (income), net     (6,751 )     (8,771 )     (4,706 )     986  
    Other non-recurring expenses       466       –       –       –  
    Other integration expenses       332       49       70       49  
                         
    Adjusted EBITDA     $ 42,247     $ 36,413     $ 12,128     $ 9,363  
                         
    (*) Including amortization of lease incentive            
                 
    SEGMENT REVENUES:            
            Twelve months ended 
    		    Three months ended 
             December 31, 
    		    December 31, 
              2024       2023       2024       2023  
            Unaudited
    		   Audited
    		   Unaudited
                         
    Satellite Networks     $ 198,174     $ 168,527     $ 49,064     $ 53,517  
    Integrated Solutions       54,925       46,133       17,257       9,503  
    Network Infrastructure and Services        52,349       51,430       11,807       12,592  
                         
    Total revenues     $ 305,448     $ 266,090     $ 78,128     $ 75,612  
    GILAT SATELLITE NETWORKS LTD.
    CONSOLIDATED BALANCE SHEETS
    U.S. dollars in thousands
             
        December 31,   December 31,
          2024       2023  
        Unaudited   Audited
             
    ASSETS        
             
    CURRENT ASSETS:        
    Cash and cash equivalents   $ 119,384     $ 103,961  
    Restricted cash     853       736  
    Trade receivables, net     53,554       44,725  
    Contract assets     20,987       28,327  
    Inventories     38,890       38,525  
    Other current assets     21,963       24,299  
             
    Total current assets     255,631       240,573  
             
    LONG-TERM ASSETS:        
    Restricted cash     12       54  
    Long-term contract assets     8,146       9,283  
    Severance pay funds     5,966       5,737  
    Deferred taxes     11,896       11,484  
    Operating lease right-of-use assets     6,556       5,105  
    Other long-term assets     5,288       9,544  
             
    Total long-term assets     37,864       41,207  
             
    PROPERTY AND EQUIPMENT, NET     70,834       74,315  
             
    INTANGIBLE ASSETS, NET     12,925       16,051  
             
    GOODWILL     52,494       54,740  
             
    TOTAL ASSETS   $ 429,748     $ 426,886  
             
    GILAT SATELLITE NETWORKS LTD.
    CONSOLIDATED BALANCE SHEETS (Cont.)
    U.S. dollars in thousands (except share data)
             
        December 31,   December 31,
          2024       2023  
        Unaudited   Audited
             
    LIABILITIES AND SHAREHOLDERS’ EQUITY        
             
    CURRENT LIABILITIES:        
    Short-term debt   $ –     $ 7,453  
    Trade payables      17,107       13,873  
    Accrued expenses      45,368       51,906  
    Advances from customers and deferred revenues     18,587       34,495  
    Operating lease liabilities     2,557       2,426  
    Other current liabilities     17,817       16,431  
             
    Total current liabilities     101,436       126,584  
             
    LONG-TERM LIABILITIES:        
    Long-term loan     2,000       2,000  
    Accrued severance pay     6,677       6,537  
    Long-term advances from customers and deferred revenues     580       1,139  
    Operating lease liabilities     4,014       3,022  
    Other long-term liabilities     10,606       12,916  
             
    Total long-term liabilities     23,877       25,614  
             
    SHAREHOLDERS’ EQUITY:        
    Share capital – ordinary shares of NIS 0.2 par value      2,733       2,733  
    Additional paid-in capital     943,294       937,591  
    Accumulated other comprehensive loss     (6,120 )     (5,315 )
    Accumulated deficit     (635,472 )     (660,321 )
             
    Total shareholders’ equity     304,435       274,688  
             
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY   $ 429,748     $ 426,886  
                                       
    GILAT SATELLITE NETWORKS LTD.
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    U.S. dollars in thousands
                       
          Twelve months ended 
    		   Three months ended 
          December 31, 
    		    December 31, 
            2024       2023       2024       2023  
          Unaudited   Audited   Unaudited
    Cash flows from operating activities:                
    Net income   $ 24,849     $ 23,504     $ 11,764     $ 3,447  
    Adjustments required to reconcile net income to net cash provided by operating activities:                
    Depreciation and amortization     13,554       13,402       3,012       3,805  
    Capital gain from sale of property      –       (2,084 )     –       –  
    Stock-based compensation *)     6,726       3,423       926       1,587  
    Accrued severance pay, net     (89 )     167       (72 )     12  
    Deferred taxes, net     1,834       2,662       298       (1,203 )
    Decrease (increase) in trade receivables, net     (9,347 )     13,448       (2,328 )     9,561  
    Decrease (increase) in contract assets     8,519       (1,694 )     11,506       (7,804 )
    Decrease (increase) in other assets and other adjustments (including                 
    short-term, long-term and effect of exchange rate changes on cash and cash equivalents)     11,661       (351 )     8,590       (3,949 )
    Decrease (increase) in inventories, net     (1,928 )     (2,387 )     544       3,798  
    Increase (decrease) in trade payables     3,196       (7,635 )     (1,884 )     (2,314 )
    Increase (decrease) in accrued expenses     (5,906 )     735       (8,581 )     3,517  
    Increase (decrease) in advances from customers and deferred revenues     (16,390 )     803       (4,228 )     (1,843 )
    Increase (decrease) in other liabilities     (5,010 )     (12,049 )     (3,265 )     1,343  
    Net cash provided by operating activities     31,669       31,944       16,282       9,957  
                       
    Cash flows from investing activities:                
    Purchase of property and equipment     (6,610 )     (10,746 )     (2,515 )     (2,090 )
    Acquisitions of subsidiary, net of cash acquired     –       (4,107 )     –       (4,107 )
    Receipts from sale of property     –       2,168       –       –  
    Net cash used in investing activities     (6,610 )     (12,685 )     (2,515 )     (6,197 )
                       
    Cash flows from financing activities:                
    Repayment of credit facility, net     (7,453 )     (1,590 )     –       (1,590 )
    Repayments of short-term debts     (7,836 )     –       (3,793 )     –  
    Proceeds from short-term debts     7,836       –       1,066       –  
    Costs associated with entering into a long-term debt     (654 )     –       (654 )     –  
    Net cash used in financing activities     (8,107 )     (1,590 )     (3,381 )     (1,590 )
                       
    Effect of exchange rate changes on cash, cash equivalents and restricted cash     (1,454 )     (63 )     (896 )     2,288  
                       
    Increase in cash, cash equivalents and restricted cash     15,498       17,606       9,490       4,458  
                       
    Cash, cash equivalents and restricted cash at the beginning of the period     104,751       87,145       110,759       100,293  
                       
    Cash, cash equivalents and restricted cash at the end of the period   $ 120,249     $ 104,751     $ 120,249     $ 104,751  
                       
    *)    Stock-based compensation including expenses related to business combination in the amounts of $3,437 and $662 for the twelve months ended December 31, 2024 and 2023, respectively.
         Stock-based compensation including expenses related to business combination in the amounts of $140 and $662 for the three months ended December 31, 2024 and 2023, respectively.

    The MIL Network –

  • MIL-OSI NGOs: Libya: Migrants face extreme violence and exclusion from healthcare

    Source: Médecins Sans Frontières –

    In 2024, some 787,000 people who are migrants and refugees were present in Libya, according to the International Organization for Migration. While some of them come in search of work, others try from to reach Europe by crossing the Mediterranean Sea.

    In Libya, they live in precarious conditions and are subjected to a range of violence and abuse, both inside and outside the country’s detention centres. Abducted, subjected to extortion and trafficking practices, assaulted or sexually abused, their access to healthcare is severely hampered at a time when they desperately need it.

    “I fainted under the blows, and when I woke up, they were still beating me,” says Ahmed*, a young Sudanese boy arrested and thrown into prison while trying to travel to Tunisia. “I was disfigured, I had no teeth, and my friend Saud told me they had hit my head with a brick.”

    Ahmed, a Sudanese boy who was detained I fainted under the blows, and when I woke up, they were still beating me.

    Drawings by Ricardo Sanchez Hernandez, depicting conditions in Libya. January 2025.
    © Ricardo Fernandez Sanchez/MSF

    Taken care of by Médecins Sans Frontières (MSF) teams in Zuwara, a coastal town around 100 kilometers from the capital, Tripoli, Ahmed spent a month in hospital.

    “People living undocumented in Libya have no protection, either in law or from the country’s fragile institutions, which prevents them from accessing healthcare,” says Steve Purbrick, MSF’s head of programmes in Libya. “They are exposed to violence on a daily basis. We see people who have been trafficked, others who have been tortured, raped.”

    No protection and no access to healthcare

    Libya is the first country of departure for people attempting to cross the Mediterranean Sea to Italy. Like Ahmed, undocumented migrants and refugees arriving there are exposed to violence throughout their journey. On the spot, they live in places often overcrowded, dangerous and unhealthy – shared rooms, but also sometimes abandoned sheds or building sites where they are also at risk of contracting diseases.

    In Libya, migrants and refugees live in precarious conditions and are subjected to various forms of violence and abuse, both inside and outside the country’s detention centers. Kidnapped, subjected to extortion and trafficking, assaulted or sexually abused, their access to healthcare is severely hindered despite their desperate need for it.
    MSF

    “Their state of health reflects both their living conditions and the extreme violence they face,” says Issam Abdullah, a doctor and the deputy medical manager for MSF in Libya. “Without protection and access to care, their injuries and traumas are rapidly worsening.”

    MSF teams provide medical support in the cities of Misrata, Tripoli and Zuwara for basic healthcare, sexual and reproductive health, mental health, diagnosis and treatment of tuberculosis, and sexual violence. The most serious medical cases requiring hospitalisation are referred to the capital. Ahmed’s jaw operation was financed by MSF and carried out in a Tripoli hospital as there was no alternative solution.

    In 2024, MSF teams carried out over 15,000 consultations. The majority of those receiving mental healthcare were suffering from post-traumatic stress disorders linked to the violence they had endured.

    “Your destiny can change at any moment in Libya, all it takes is one little thing and your life is turned upside down, you can die, you can end up in prison,” says Nelson, a man from Cameroon who has been under the care of an MSF psychologist since the sinking of the boat he had boarded with his wife and two children to reach Europe. His wife and children did not survive the shipwreck.

    Nelson, a Cameroonian who lost his wife and daughter in a shipwreck Your destiny can change at any moment in Libya, all it takes is one little thing and your life is turned upside down, you can die, you can end up in prison.

    Drawings by Ricardo Sanchez Hernandez, depicting conditions in Libya. January 2025.
    © Ricardo Fernandez Sanchez/MSF

    “To go and see a doctor, for example, or to buy bread, you can take the wrong road and run into police. If it’s your lucky day, they don’t see you; if it’s not your lucky day, they arrest you,” says Nelson.

    Delayed care

    Faced with the risk of abduction and arrest by the police or militia, people are forced underground in isolated places where they are even more vulnerable. They seek medical care only as a last resort when their state of health has already seriously deteriorated.

    In 2024, MSF teams diagnosed and treated more than 250 people with tuberculosis. Sixteen died because they were not treated in time.

    “We receive people suffering from tuberculosis who seek treatment very late, which leads to high mortality and further spread of the disease,” say Dr Abdullah. “Our teams are also seeing the negative impact of interrupted treatment.”

    Salma* is 37 and has diabetes. She fled the war that broke out in Sudan in April 2023. “Diabetes requires regular meals and medication, and in Libya that’s not possible,” says the university professor.

    Salma, a diabetic woman from Sudan Diabetes requires regular meals and medication, and in Libya that’s not possible.

    In 2024, approximately 725,000 migrants were present on Libyan soil, according to the International Organization for Migration (IOM). While some come seeking work, others attempt to reach Europe by crossing the Mediterranean. In Libya, migrants and refugees live in precarious conditions and are subjected to various forms of violence and abuse, both inside and outside the country’s detention centers. Kidnapped, subjected to extortion and trafficking, assaulted or sexually abused, their access to healthcare is severely hindered despite their desperate need for it.
    © Ricardo Fernandez Sanchez/MSF

    “When I had to leave, my health deteriorated rapidly as the days went by – I became incapable of doing anything, not cooking, not even getting dressed… I became completely dependent on my daughters,” she says.

    More evacuations from Libya

    “People on the move are an integral part of an economic model set up by militias, with the complicity of the European Union and its member states, with the aim of extorting money from them. They have to pay in exchange for their crossing, in exchange for their release and the continuation of their journey, but always with the risk of falling victim to criminal networks once again,” says Purbrick, MSF’s head of programmes.

    “This is why, in addition to providing access to healthcare in the country, we are also focusing our efforts on opening up safe and legal pathways to evacuate people from Libya, in particular via the humanitarian corridor that exists between Libya and Italy,” he says. “MSF participates in this corridor by identifying vulnerable people to be evacuated and taking charge of some of them in Italy. But these options need to be drastically increased.”

    Since 2021, this corridor has already enabled the evacuation of more than 700 people, around 60 of whom were patients of MSF in Libya. Fourteen people were subsequently cared for by MSF in Palermo, Sicily.

    In April 2023, the United Nations published a report concluding there were grounds to believe a wide array of crimes against humanity have been committed against migrants in Libya. 

    *Names have been changed.

    MIL OSI NGO –

  • MIL-OSI USA: NASA, SpaceX Invite Media to Watch Crew-10 Launch to Space Station

    Source: NASA

    Media accreditation is open for the launch of NASA’s 10th rotational mission of a SpaceX Falcon 9 rocket and Dragon spacecraft, carrying astronauts to the International Space Station for a science expedition. The agency’s SpaceX Crew-10 mission is targeting launch on Wednesday, March 12, from Launch Complex 39A at NASA’s Kennedy Space Center in Florida.
    The launch will carry NASA astronauts Anne McClain as commander and Nichole Ayers as pilot, along with JAXA (Japan Aerospace Exploration Agency) astronaut Takuya Onishi and Roscosmos cosmonaut Kirill Peskov as mission specialists. This is the first spaceflight for Ayers and Peskov, and the second mission to the orbiting laboratory for McClain and Onishi.
    Media accreditation deadlines for the Crew-10 launch as part of NASA’s Commercial Crew Program are as follows:

    International media without U.S. citizenship must apply by 11:59 p.m. on Thursday, Feb. 13.
    U.S. media and U.S. citizens representing international media organizations must apply by 11:59 p.m. EST on Sunday, Feb. 23.

    All accreditation requests must be submitted online at:
    https://media.ksc.nasa.gov
    NASA’s media accreditation policy is online. For questions about accreditation or special logistical requests, email: ksc-media-accreditat@mail.nasa.gov. Requests for space for satellite trucks, tents, or electrical connections are due by Friday, Feb. 21.
    For other questions, please contact NASA Kennedy’s newsroom at: 321-867-2468.
    Para obtener información sobre cobertura en español en el Centro Espacial Kennedy o si desea solicitar entrevistas en español, comuníquese con Antonia Jaramillo: 321-501-8425, o Messod Bendayan: 256-930-1371.
    For launch coverage and more information about the mission, visit:
    https://www.nasa.gov/commercialcrew
    -end-
    Joshua Finch / Claire O’SheaHeadquarters, Washington202-358-1100joshua.a.finch@nasa.gov / claire.a.o’shea@nasa.gov
    Steve Siceloff / Stephanie PlucinskyKennedy Space Center, Florida321-867-2468steven.p.siceloff@nasa.gov / stephanie.n.plucinsky@nasa.gov
    Kenna PellJohnson Space Center, Houston281-483-5111kenna.m.pell@nasa.gov

    MIL OSI USA News –

  • MIL-OSI: DT Midstream to Announce Fourth Quarter and Full Year 2024 Financial Results, Schedules Earnings Call

    Source: GlobeNewswire (MIL-OSI)

    DETROIT, Feb. 12, 2025 (GLOBE NEWSWIRE) — DT Midstream, Inc. (NYSE: DTM) plans to announce fourth quarter and full year 2024 financial results before the market opens on Wednesday, February 26, 2025.

    DT Midstream has scheduled a conference call to discuss results for 9:00 a.m. ET (8:00 a.m. CT) the same day. Investors, the news media and the public may listen to a live internet broadcast of the call at this link. The participant toll-free telephone dial-in number in the U.S. and Canada is 888.596.4144, and the toll number is 646.968.2525; the passcode is 9645886. International access numbers are available here.

    The webcast will be archived on the DT Midstream website at investor.dtmidstream.com.

    About DT Midstream

    DT Midstream (NYSE: DTM) is an owner, operator and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment and surface facilities. The company transports clean natural gas for utilities, power plants, marketers, large industrial customers and energy producers across the Southern, Northeastern and Midwestern United States and Canada. The Detroit-based company offers a comprehensive, wellhead-to-market array of services, including natural gas transportation, storage and gathering. DT Midstream is transitioning towards net zero greenhouse gas emissions by 2050, including a plan of achieving 30% of its carbon emissions reduction by 2030. For more information, please visit the DT Midstream website at www.dtmidstream.com.

    The MIL Network –

  • MIL-OSI United Kingdom: Government completes legislation for infected blood scheme

    Source: United Kingdom – Executive Government & Departments

    Completed legislation will widen compensation service to all eligible victims of the Infected Blood Scandal.

    • New draft laws will be debated and approved by Parliament before becoming law in March

    • Over £13.4 million already paid out to infected individuals, and £11.8 billion allocated in the Autumn Budget

    Today the government will deliver on its commitment to complete its legislation underpinning the Infected Blood Compensation Scheme, which will widen the compensation service to all eligible victims of the Infected Blood Scandal.  

    This will ensure that parents, partners, children, siblings and some carers of those who contracted illnesses will also be able to apply for compensation, and take another important step towards justice. 

    Existing legislation underpinning the compensation scheme applied to people who contracted illnesses, as a result of the scandal, rather than those who were indirectly affected. 

    This first phase of legislation was established in August 2024, just weeks after the General Election. It gave the Infected Blood Compensation Authority the powers to pay compensation to both living and deceased victims who contracted illnesses. 

    The Government allocated £11.8 billion in the Autumn Budget to compensate victims of the Infected Blood Scandal, with these new laws setting out more detail on how funds will be administered.

    The draft laws will be debated and must be approved by both Houses of Parliament to then formally be established as laws, which the Government hopes will happen by the 31st March 2025.

    Once this happens, the Infected Blood Compensation Authority will have the required powers to pay compensation to all victims who are eligible under the Infected Blood Compensation Scheme.

    The Infected Blood Compensation Authority is an independent organisation set up by the Cabinet Office on recommendation from the Infected Blood Inquiry. It has already started to provide compensation to victims who contracted illnesses, with over £13.4 million paid by mid-January.

    Paymaster General and Minister for the Cabinet Office, The Rt Hon. Nick Thomas-Symonds MP, said:

    This Government is determined to deliver justice for the victims of the Infected Blood Scandal and is going further than any other before.

    Having met many of the infected blood community, I know the scale of suffering people have endured. These new laws will be vital to delivering compensation to people who did such a huge amount and often suffered so much themselves when caring for their loved ones who contracted life-changing illnesses.

    I hope that completing this legislation and allocating over £11 billion in the budget brings a sense of reassurance to the community of how committed this government is to delivering justice.  

    Ends

    Updates to this page

    Published 12 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Fourth UK-India Energy Dialogue: joint statement

    Source: United Kingdom – Executive Government & Departments

    This joint statement was released following the meeting between UK Energy Secretary, Ed Miliband and India’s Minister of Power, Manohar Lal.

    The Fourth India-UK Energy Dialogue, co-chaired by Shri Manohar Lal, Union Minister of Power, India and Mr Ed Miliband, Secretary for Energy Security and Net Zero for United Kingdom, was held in, New Delhi on Monday 10th February, 2025.

    The dialogue focused on reviewing progress made in the energy sectors of both nations, including power and renewable energy, and reaffirming the commitment to a sustainable, resilient, and inclusive energy future. including across the breadth of sectors represented. They expressed satisfaction over the progress made to support green and sustainable growth, alongside accelerating the clean energy transition and ensuring energy security. The Ministers underscored the importance of ensuring that the energy transition and economic growth proceed together, while maintaining affordable and clean energy access for all.

    The Ministers underscored the importance of ensuring energy security and sustainable development and emphasised expanding the cooperation in the areas of power distribution, sector reforms, industrial energy efficiency and de-carbonisation, and electric mobility while exploring new opportunities in the emerging fields such as energy storage, green data centres, and offshore wind, with an increased focus on MSMEs.

    The Ministers were pleased to announce the launch of Phase-2 of the India-UK bilateral Accelerating Smart Power & Renewable Energy in India programme. This phase will aim to provide technical support for ensuring round the clock power supply, expanding renewable energy initiatives, and accelerating industrial energy efficiency and de-carbonisation, in collaboration with the Ministry of Power (MOP) and Ministry of New and Renewable Energy (MNRE).

    The Ministers were pleased to observe the bilateral collaboration between the two sides to promote growth and jobs, through technical assistance cooperation and investment. They also discussed the progress of trade missions focusing on offshore wind and green hydrogen, as well as the cooperation between the UK’s Energy Systems Catapult and India’s Power Trading Corporation.

    Recognising the shared ambition for advancing offshore wind development, the Ministers announced the establishment of a UK-India Offshore Wind Taskforce, which will focus on advancing offshore wind ecosystem development, supply chains, and financing models in both countries. Mr Miliband commended India’s ambitious initiatives in the renewable energy sector and shown a strong interest in gaining insights from India’s experience in implementing the Solar Rooftop Programme (PM – Surya Ghar Muft Bijli Yojna).

    The Ministers agreed on the importance of power market regulations in driving the energy transition and ensuring greater energy security and access. To support this, they announced the continuation of the Power Sector Reforms programme under the UK Partnering for Accelerating Climate Change (UKPACT). Additionally, a new taskforce has been proposed between the UK’s Office of Gas and Electricity Markets and India’s Central Electricity Regulatory Commission to support renewable energy integration and grid transformation in India.

    Both Ministers emphasised the ongoing value of the India-UK Energy Dialogue in advancing mutual energy transition goals, ensuring energy access, and building secure and sustainable clean energy supply chains while aligning these efforts with economic growth.

    The Ministers expressed their intention to further strengthen their collaboration through the Comprehensive Strategic Partnership and looked forward to the fifth UK-India Energy Dialogue in 2026. The dialogue concluded with the launch of the ‘Best Practices Compendium of Industrial Energy Efficiency/Decarbonisation’ and a ‘Pathways for Energy Efficiency and Decarbonisation in the Indian Aluminium Sector’.

    Updates to this page

    Published 12 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: LCQ3: Promoting development of low-altitude economy

    Source: Hong Kong Government special administrative region

         â€‹Following is a question by the Hon Elizabeth Quat and a reply by the Secretary for Transport and Logistics, Ms Mable Chan, in the Legislative Council today (February 12):

    Question:

         Low-altitude economy (LAE), with its long industrial chain, extensive application scenarios and huge development potential, is a model for fostering new quality productive forces. In the 2024 Policy Address, the Chief Executive has announced the work direction for promoting the development of LAE, with a view to pressing ahead with the promotion of LAE as one of the growth engines of new quality productive forces. In this connection, will the Government inform this Council:

    (1) given that the Government accepted applications for the first batch of LAE Regulatory Sandbox pilot projects at the end of last year, of the progress of processing the applications and when successful applications will commence their projects; of the details of the second batch applications;

    (2) given that the aforesaid Policy Address proposes to explore with the Mainland the joint establishment of low-altitude cross-boundary air routes, immigration and customs clearance arrangements and supporting infrastructure, etc, of the details and progress of the relevant work plan; and

    (3) given that the Government has previously remarked in its reply to my question that various government departments have applied small unmanned aircraft in different scenarios, and have integrated such applications with artificial intelligence (AI) technologies to perform certain tasks, so as to enhance the efficiency of urban management and public services, yet there is no mention on whether it would explore the establishment of an “AI-integrated unmanned aircraft urban management system” for use by and sharing of data and information among different government departments, whether the Government will, by drawing on the experience of the relevant Mainland departments in sharing and collaboration, promote institutional innovation to reform urban management?

    Reply: 

    President,

         In the 2024 Policy Address, the Chief Executive announced the work direction for promoting the development of low-altitude economy (LAE), which includes designating specific application sites to implement pilot projects. We will adopt a “top-level planning” approach as the core, starting from the perspective of overall infrastructure planning. Leveraging Hong Kong’s unique advantages of “one country, two systems”, connection with both the Mainland and the world, as well as a diverse talent pool, we will harness Hong Kong’s strengths in the area of LAE to contribute to the nation’s development of new quality productive forces.

         In consultation with the Innovation, Technology and Industry Bureau and the Civil Aviation Department (CAD), the reply to the Hon Elizabeth Quat’s question is as follows:
         
    (1) The first batch of Regulatory Sandbox (Sandbox) pilot projects was open for application in November 2024, with the application period closing at the end of last year. The Working Group on Developing LAE (the Working Group) is reviewing the projects submitted by a total of 72 applicants. It is expected that the results will be announced in the first quarter of this year and the project work will commence thereafter. Subject to the implementation of the first batch of pilot projects, we will announce the application details of the second batch of Sandbox pilot projects in due course.

         At the same time, the Government is reviewing the existing civil aviation legislation and regulatory regimes, with the target to submit the first phase of legislative amendment proposals to the Legislative Council (LegCo) within the second quarter of this year. The proposal is to expand the regulatory scope of the existing Small Unmanned Aircraft Order (Cap. 448G) to cover unmanned aircraft weighing between 25 and 150 kilogrammes. We also plan to take this opportunity to simultaneously introduce provisions in the Air Navigation (Hong Kong) Order 1995 (Cap. 448C) to empower the Director-General of Civil Aviation to permit trial flights of Advanced Air Mobility (AAM) under specified conditions, provided that aviation safety requirements are met. I hope the legislative amendment proposals will be able to expedite the implementation of the Sandbox pilot projects in the future and, in particular, meet the expectation of the market, the industry and from Members of the LegCo during our previous discussions that Hong Kong should conduct trials of projects involving heavier loading and carriage of passengers. In the long term, we are studying the introduction of a new, dedicated legislation for various AAM weighing over 150 kg. These legislative amendment work will not only align with future technological and application developments, but will also lay a foundation for low-altitude passenger-carrying flying activities in the future and position Hong Kong to play a significant role in advancing LAE regulatory certification.
         
    (2) In addition to promoting local applications, the Government is actively exploring the feasibility of cross-boundary delivery of goods and carriage of passengers. At the same time, cross-boundary helicopter services can enhance the convenience and efficiency of travel between different cities in the Greater Bay Area (GBA), further integrating Hong Kong’s diverse economy with other cities in the region and giving full play to Hong Kong’s unique advantage as a hub for connecting with both the Mainland and the world. To this end, the Government is actively promoting interface with relevant Mainland authorities to discuss the joint development of low-altitude cross-boundary air routes, immigration and customs arrangements, and supporting infrastructure, etc.

         In November last year, led by the Deputy Financial Secretary, representatives from the Transport and Logistics Bureau, the Security Bureau, the CAD, the Immigration Department and the Hong Kong Customs visited Shenzhen to exchange views with the relevant authorities on cross-boundary flying activities. During the visit, the responsible lead units were identified, and both sides agreed to continue communication on the development of LAE. Looking ahead, the Working Group will maintain contact with the relevant authorities, with the aim to facilitate co-operation as soon as possible to create favourable conditions for establishing the GBA low-altitude cross-boundary corridor.
         
    (3) For LAE to take off, infrastructure is indispensable. Currently, a number of government departments are already utilising drone and artificial intelligence (AI) technologies in various application scenarios to enhance services. Relevant departments are also leveraging various types of data from the Common Spatial Data Infrastructure and Open Data Portal (such as maps, aerial photographs, three-dimensional geospatial data, traffic data, and weather data) to facilitate innovative applications of unmanned aircraft and the open up and sharing of related city data. Additionally, the Digital Policy Office has launched several central platform services to further support various policy bureaux and departments (B/Ds) in making good use of digital technology to optimise public services and city management. The Hon Elizabeth Quat, with the rapid technological advancement, the Government will consider the needs of different departments for innovation of public services and city management, as well as draw on domestic and international experiences to build a low-altitude smart network and explore various digital solutions that promote data interoperability, sharing and analytical applications.

         At the same time, among the Sandbox pilot projects applications we have received, there are various urban management application projects, some of which include proposals combining technologies such as AI analysis, automatic identification systems, algorithms, and high-precision positioning. We will actively take forward the first batch of Sandbox pilot projects with an aim to drive the local technology industry towards greater professionalism and standardisation, enabling LAE to “fly steadily and far,” while positioning Hong Kong as an incubation hub for LAE innovative industries.
         
         Additionally, the Government is conducting technical research on low-altitude infrastructure, including the feasibility of low-altitude surveillance and management systems, low-altitude data sharing, and the application of Geographic Information System technology and three-dimensional geospatial data. We will continue to actively take forward these issues under the leadership of the Working Group.
         
         To conclude, President, the Government will continue to promote the development of LAE in Hong Kong through various measures, including the implementation of Sandbox pilot projects, strengthening cross-boundary co-operation, and enhancing infrastructure and technical support. These efforts aim to establish an innovative, efficient, and secure LAE ecosystem for Hong Kong.

         Thank you.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Fraudulent websites and social media accounts related to Chong Hing Bank Limited

    Source: Hong Kong Government special administrative region

    Fraudulent websites and social media accounts related to Chong Hing Bank Limited
    Fraudulent websites and social media accounts related to Chong Hing Bank Limited
    ********************************************************************************

    The following is issued on behalf of the Hong Kong Monetary Authority:     The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Chong Hing Bank Limited relating to fraudulent websites and social media accounts, which have been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.     The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).     Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the websites or social media accounts concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.

     
    Ends/Wednesday, February 12, 2025Issued at HKT 16:40

    NNNN

    MIL OSI Asia Pacific News –