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Category: Transport

  • MIL-OSI Asia-Pac: Union Minister Sh. Nitin Gadkari inaugurates two-day conference “Latest Emerging Trends and Technologies in Road and Bridge Construction” in Bhopal

    Source: Government of India

    Union Minister Sh. Nitin Gadkari inaugurates two-day conference “Latest Emerging Trends and Technologies in Road and Bridge Construction” in Bhopal

    Sh. Gadkari says Infrastructure as Key to National Development

    Posted On: 19 OCT 2024 4:32PM by PIB Delhi

    Union Minister for Road Transport and Highways, Shri Nitin Gadkari, highlighted the pivotal role of infrastructure in national development, emphasizing that an improved transport system opens new doors for economic growth and creates employment opportunities. The Minister was addressing the inaugural session of a two-day conference on “Latest Emerging Trends and Technologies in Road and Bridge Construction,” organized by the Madhya Pradesh Public Works Department and the Indian Road Congress, held in Bhopal.

    Shri Gadkari reiterated that infrastructure development remains a top priority for Prime Minister Shri Narendra Modi, as this sector not only drives progress but also lays the blueprint for India’s future. He emphasized key objectives such as ensuring uncompromising quality, reducing road accidents, protecting the environment, and resolving on-ground challenges, which he believes can only be achieved through collective efforts across all levels.

    Addressing the importance of rural road development, Shri Gadkari advocated for the adoption of a “waste to wealth” policy, which promotes the use of waste materials in road construction, yielding both financial and environmental benefits.

    Madhya Pradesh Chief Minister, Dr. Mohan Yadav, in his address, noted that the conference will bring new momentum to the state’s infrastructure development, significantly contributing to the success of various construction projects.

    The two-day conference features multiple technical sessions where experts from across the country will deliberate on innovative technologies, construction materials, and the challenges in the Engineering, Procurement, and Construction (EPC) agreement process. An exhibition showcasing the latest machinery and technologies used in road and bridge construction has also been organized as part of the event.


    ***

    NKK/GS

    (Release ID: 2066315) Visitor Counter : 17

    MIL OSI Asia Pacific News –

    January 24, 2025

  • MIL-OSI: Preferred Bank Reports Third Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, Oct. 21, 2024 (GLOBE NEWSWIRE) — Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended September 30, 2024. Preferred Bank (“the Bank”) reported net income of $33.4 million or $2.46 per diluted share for the third quarter of 2024. This represents a slight decrease in net income of $209,000 from the prior quarter and down by $4.8 million from the same quarter last year. The decrease in net income from the prior year was due to a decrease in net interest income of $4.1 million due to higher deposit costs as well as an increase in noninterest expense of $3.1 million. These were partially offset by lower provision for credit losses and an increase in noninterest income. The decrease from the prior quarter was due to an increase in noninterest expense of $2.4 million, an increase in the provision for credit losses of $700,000 partially offset by an increase in net interest income of $2.7 million. Preferred Bank continues to deliver top-of-peer group profitability metrics and long term shareholder returns.

    Highlights for the Quarter:

    • Return on average assets was 1.95%
    • Return on beginning equity of 18.37%
    • Net interest margin (NIM) expanded to 4.10%
    • Total loans increased by $143 million or 2.6% for the quarter
    • Efficiency ratio was 30.6%

    Li Yu, Chairman and CEO, commented, “I am pleased to report our third quarter 2024 net income was $33.4 million or $2.46 a share. Highlights of the quarter include the successful reduction of $21.2 million in non-performing loans, with no charge-offs. Interest recovery related to this was $800,000. Criticized loans, however, have increased but we believe it may be temporary in nature. Separately, the OREO property is currently in escrow, scheduled to close later this month. The valuation allowance we recorded of $1.7 million is included in the quarter’s non-interest expense.

    Loan demand was strong this quarter. We had a net increase of $143 million, or 2.6% on a linked quarter basis. The September’s rate cut seems to have spurred borrower interest in general. Deposits for the quarter had a very small decrease, as we have been careful in monitoring our deposit costs.

    At September 30, 2024, Preferred Bank’s loan portfolio was 26% fixed rate loans and 74% floating rate loans with floor rates for most of them. We believe it is well-balanced with the sensitivity of our deposits. However, the time certificates of deposits do have a cost adjustment pattern of slower reduction in the beginning but increasing gradually.”

    Results of Operations

    Net Interest Income and Net Interest Margin. Net interest income before provision for credit losses was $68.8 million for the third quarter of 2024. This was a decrease from the $73.0 million recorded in the same quarter last year and an increase over the $66.1 million posted in the second quarter of 2024. A higher cost of deposits was to blame for the decrease in net interest income versus the prior year and a curing of a nonaccrual loan in the third quarter of 2024 was the reason for the increase in net interest income over the second quarter of 2024. A loan that was placed into nonaccrual status in the second quarter of 2024 was paid down significantly and the interest was brought current in the third quarter of 2024. This interest recovery of $800,000 helped to increase the Bank’s net interest margin to 4.10% for the quarter from 3.96% in the prior quarter. This compares to a margin of 4.39% one year ago. Also very importantly, the Bank’s total interest expense decreased for the first time since the first quarter of 2022. This was the result of the Bank’s efforts to replace higher cost brokered MMDA accounts with traditional brokered CD’s which carry a lower coupon. This is why, during this quarter, there is a fairly sizeable decrease in money market accounts and a corresponding increase in certificates of deposit.

    Noninterest Income. For the third quarter of 2024, noninterest income was $3.5 million compared with $3.0 million for the same quarter last year and compared to $3.4 million for the second quarter of 2024. The increase over the prior quarter was primarily due to letter of credit (LC) fees which increased by $210,000 and other income partially offset by a decrease in gains on sales of SBA loans of $263,000. In comparing to the same quarter last year; LC fee income was up by $547,000 partially offset by a decrease in service charges of $192,000.

    Noninterest Expense. Total noninterest expense was $22.1 million for the third quarter of 2024 compared to $19.7 million for the second quarter of 2024 and compared to the $19.0 million recorded in the same period last year. The primary reason for the increase from the prior year and over the prior quarter was the $1.7 million valuation allowance recorded this quarter on the Bank’s other real estate owned (OREO) property. In comparing to the prior quarter; personnel expense increased by $581,000 and occupancy expense increased by $167,000. This was partially offset by a decrease in promotion expense of $162,000. In comparing to same quarter last year; personnel expense was up by $517,000, occupancy expense was up by $320,000 and professional services was up by $393,000. The increase in professional services expense was due to increased legal costs which were associated with a number of nonperforming loans. For the quarter ended September 30, 2024, the Bank’s efficiency ratio was 30.6%, higher than the 28.3% posted last quarter and higher than the 25.04% posted this quarter last year.

    Income Taxes. The Bank recorded a provision for income taxes of $13.6 million for the third quarter of 2024. This represents an effective tax rate (“ETR”) of 29.0% which is identical to the ETR for last quarter and up from the 28.5% ETR recorded in the same period last year. The Bank’s ETR will fluctuate slightly from quarter to quarter within a fairly small range due to the timing of taxable events throughout the year.

    Balance Sheet Summary

    Total gross loans at September 30, 2024 were $5.57 billion, an increase of $298.1 million from the total of $5.27 billion as of December 31, 2023. Total deposits decreased during the quarter by $11 million but still increased year-to-date to $5.87 billion, up $158.4 million from the $5.71 billion as of December 31, 2023. Total assets were $6.87 billion, an increase of $213.3 million over the total of $6.66 billion as of December 31, 2023.

    Asset Quality

    Non-accrual loans as of September 30, 2024, was $19.4 million, a decrease of $21.2 million from $40.6 million on June 30, 2024. There were no charge-offs related to the reduction. Interest recoveries were $800,000 for this quarter

    The increase in total criticized loans of $161.2 for the quarter was largely due to the downgrade of a relationship with seven real estate related loans. These seven loans totaling $182.1 were secured by retail or multifamily properties that have late payment irregularities. At September 30, 2024, four of the seven loans totaling $86.5 million have been brought current and are expected to be out of criticized status in the fourth quarter. The three loans that have not been brought to current have a combined weighted average LTV of 64% and DCR of 0.98. All these loans have adequate guarantor support. Combined amount outstanding for these three loans is $95.6 million.

    Allowance for Credit Losses

    The provision for credit losses for the third quarter of 2024 was $3.2 million compared to $2.5 million last quarter and compared to $3.5 million in the same quarter last year. The Bank’s allowance coverage ratio increased to 1.36% of loans as compared to 1.34% in the prior quarter.

    Capitalization

    As of September 30, 2024, the Bank’s leverage ratio was 11.28%, the common equity tier 1 capital ratio was 11.66% and the total capital ratio stood at 15.06%. As of December 31, 2023, the Bank’s leverage ratio was 10.85%, the common equity tier 1 ratio was 11.57% and the total capital ratio was 15.18%.

    Conference Call and Webcast

    A conference call with simultaneous webcast to discuss Preferred Bank’s third quarter 2024 financial results will be held this afternoon, October 21, 2024 at 2:00 p.m. Eastern / 11:00 a.m. Pacific. Interested participants and investors may access the conference call by dialing 844-826-3037 (domestic) or 412-317-5182 (international) and referencing “Preferred Bank.” There will also be a live webcast of the call available at the Investor Relations section of Preferred Bank’s website at http://www.preferredbank.com.

    Preferred Bank’s Chairman and CEO Li Yu, President and Chief Operating Officer Wellington Chen, Chief Financial Officer Edward J. Czajka, Chief Credit Officer Nick Pi and Deputy Chief Operating Officer Johnny Hsu will discuss Preferred Bank’s financial results, business highlights and outlook. After the live webcast, a replay will be available at the Investor Relations section of Preferred Bank’s website. A replay of the call will also be available at 877-344-7529 (domestic) or 412-317-0088 (international) through November 4, 2024; the passcode is 7955778.

    About Preferred Bank

    Preferred Bank is one of the larger independent commercial banks headquartered in California. The Bank is chartered by the State of California, and its deposits are insured by the Federal Deposit Insurance Corporation, or FDIC, to the maximum extent permitted by law. The Bank conducts its banking business from its main office in Los Angeles, California, and through twelve full-service branch banking offices in California (Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine (2), Diamond Bar, Pico Rivera, Tarzana and San Francisco (2)), one branch in Flushing, New York and a branch office in the Houston, Texas suburb of Sugar Land. In addition, the Bank also operates a loan production office in Sunnyvale, California. Preferred Bank offers a broad range of deposit and loan products and services to both commercial and consumer customers. The Bank provides personalized deposit services as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses, entrepreneurs, real estate developers, professionals and high net worth individuals. Although originally founded as a Chinese-American Bank, Preferred Bank now derives most of its customers from the diversified mainstream market but does continue to benefit from the significant migration to California of ethnic Chinese from China and other areas of East Asia.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the Bank’s future financial and operating results, the Bank’s plans, objectives, expectations and intentions and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of the Bank’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: changes in economic conditions; changes in the California real estate market; the loss of senior management and other employees; natural disasters or recurring energy
    shortage; changes in interest rates; competition from other financial services companies; ineffective underwriting practices; inadequate allowance for loan and lease losses to cover actual losses; risks inherent in construction lending; adverse economic conditions in Asia; downturn in international trade; inability to attract deposits; inability to raise additional capital when needed or on favorable terms; inability to manage growth; inadequate communications, information, operating and financial control systems, technology from fourth party service providers; the U.S. government’s monetary policies; government regulation; environmental liability with respect to properties to which the bank takes title; and the threat of terrorism. Additional factors that could cause the Bank’s results to differ materially from those described in the forward-looking statements can be found in the Bank’s 2023 Annual Report on Form 10-K filed with the Federal Deposit Insurance Corporation which can be found on Preferred Bank’s website. The forward-looking statements in this press release speak only as of the date of the press release, and the Bank assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those contained in the forward-looking statements. For additional information about Preferred Bank, please visit the Bank’s website at http://www.preferredbank.com.

    AT THE COMPANY:
    Edward J. Czajka
    Executive Vice President
    Chief Financial Officer
    (213) 891-1188    		 AT FINANCIAL PROFILES:
    Jeffrey Haas
    General Information
    (310) 622-8240
    PFBC@finprofiles.com
       

    Financial Tables to Follow

    PREFERRED BANK
    Condensed Consolidated Statements of Operations
    (unaudited)
    (in thousands, except for net income per share and shares)
                         
                         
              For the Quarter Ended
              September 30,   June 30,   September 30,  
                2024     2024     2023  
    Interest income:              
      Loans, including fees   $ 114,112   $ 109,451   $ 106,695  
      Investment securities     15,032     17,552     18,556  
      Fed funds sold     280     291     278  
        Total interest income     129,424     127,294     125,529  
                         
    Interest expense:              
      Interest-bearing demand     23,211     24,205     20,257  
      Savings     84     79     67  
      Time certificates     35,956     35,578     29,369  
      FHLB borrowings     –     –     1,557  
      Subordinated debt     1,325     1,325     1,325  
        Total interest expense     60,576     61,187     52,575  
        Net interest income     68,848     66,107     72,954  
    Provision for credit losses     3,200     2,500     3,500  
        Net interest income after provision for              
          credit losses     65,648     63,607     69,454  
                         
    Noninterest income:              
      Fees & service charges on deposit accounts     747     819     939  
      Letters of credit fee income     1,959     1,749     1,412  
      BOLI income     108     105     103  
      Net gain on sale of loans     91     353     21  
      Other income     554     378     497  
        Total noninterest income     3,459     3,404     2,972  
                         
    Noninterest expense:              
      Salary and employee benefits     13,525     12,944     13,008  
      Net occupancy expense     1,883     1,716     1,563  
      Business development and promotion expense     241     403     193  
      Professional services     1,816     1,832     1,423  
      Office supplies and equipment expense     435     477     395  
      Loss on sale of OREO, valuation allowance and related expense     1,915     29     140  
      Other       2,274     2,296     2,287  
        Total noninterest expense     22,089     19,697     19,009  
        Income before provision for income taxes     47,018     47,314     53,417  
    Income tax expense     13,635     13,722     15,225  
        Net income   $ 33,383   $ 33,592   $ 38,192  
                         
    Income per share available to common shareholders              
        Basic   $ 2.50   $ 2.51   $ 2.74  
        Diluted   $ 2.46   $ 2.48   $ 2.71  
                         
    Weighted-average common shares outstanding              
        Basic     13,327,848     13,362,522     13,925,994  
        Diluted     13,544,273     13,548,400     14,105,915  
                         
    Cash dividends per common share   $ 0.70   $ 0.70   $ 0.55  
                         
    PREFERRED BANK  
    Condensed Consolidated Statements of Operations  
    (unaudited)  
    (in thousands, except for net income per share and shares)  
                         
                         
              For the Nine Months Ended      
              September 30,   September 30,   Change  
                2024     2023     %  
    Interest income:              
      Loans, including fees   $ 333,543   $ 304,796     9.4  
      Investment securities     48,841     47,454     2.9  
      Fed funds sold     854     774     10.4  
        Total interest income     383,238     353,024     8.6  
                         
    Interest expense:              
      Interest-bearing demand     69,706     53,701     29.8  
      Savings     238     153     55.6  
      Time certificates     105,864     71,399     48.3  
      FHLB borrowings     –     3,819     -100.0 %
      Subordinated debt     3,975     3,975     0.0  
        Total interest expense     179,783     133,046     35.1  
        Net interest income     203,455     219,978     -7.5 %
    Provision for credit losses     10,100     6,500     55.4  
        Net interest income after provision for credit losses     193,355     213,478     -9.4 %
                         
    Noninterest income:              
      Fees & service charges on deposit accounts     2,411     2,477     -2.7 %
      Letters of credit fee income     5,211     4,312     20.8 %
      BOLI income     318     307     3.3 %
      Net loss on called and sale of investment securities     –     (4,117 )   -100.0 %
      Net gain on sale of loans     547     547     -0.1 %
      Other income     1,441     1,481     -2.7 %
        Total noninterest income     9,928     5,007     98.3 %
                         
    Noninterest expense:              
      Salary and employee benefits     40,369     39,256     2.8 %
      Net occupancy expense     5,310     4,513     17.7 %
      Business development and promotion expense     910     498     82.7 %
      Professional services     5,105     3,915     30.4 %
      Office supplies and equipment expense     1,385     1,197     15.7 %
      Loss on sale of OREO, valuation allowance and related expense     2,079     3,050     -31.8 %
      Other       6,656     6,332     5.1 %
        Total noninterest expense     61,814     58,761     5.2 %
        Income before provision for income taxes     141,469     159,724     -11.4 %
    Income tax expense     41,028     45,523     -9.9 %
        Net income   $ 100,441   $ 114,201     -12.0 %
                         
    Income per share available to common shareholders              
        Basic   $ 7.50   $ 8.01     -6.4 %
        Diluted   $ 7.39   $ 7.92     -6.7 %
                         
    Weighted-average common shares outstanding              
        Basic     13,399,487     14,257,005     -6.0 %
        Diluted     13,587,820     14,418,939     -5.8 %
                         
    Dividends per share   $ 2.10   $ 1.65     27.3 %
                         
    PREFERRED BANK
    Condensed Consolidated Statements of Financial Condition
    (unaudited)
    (in thousands)
                   
                   
            September 30,   December 31,  
              2024       2023    
            (Unaudited)   (Audited)  
    Assets        
    Cash and due from banks $ 782,394     $ 890,852    
    Fed funds sold   22,600       20,000    
      Cash and cash equivalents   804,994       910,852    
                   
    Securities held-to-maturity, at amortized cost   20,311       21,171    
    Securities available-for-sale, at fair value   337,363       313,842    
                   
    Loans held for sale, at lower of cost or fair value   225       360    
                   
    Loans   5,571,579       5,273,498    
      Less allowance for credit losses   (76,051 )     (78,355 )  
      Less amortized deferred loan fees, net   (10,414 )     (11,079 )  
      Loans, net   5,485,114       5,184,064    
                   
    Other real estate owned and repossessed assets   15,082       16,716    
    Customers’ liability on acceptances   –       315    
    Bank furniture and fixtures, net   9,195       9,694    
    Bank-owned life insurance   10,364       10,632    
    Accrued interest receivable   35,562       33,892    
    Investment in affordable housing partnerships   58,009       65,276    
    Federal Home Loan Bank stock, at cost   15,000       15,000    
    Deferred tax assets   46,209       48,991    
    Income tax receivable   1,013       2,391    
    Operating lease right-of-use assets   30,489       22,050    
    Other assets   3,414       4,030    
      Total assets $ 6,872,344     $ 6,659,276    
                   
    Liabilities and Shareholders’ Equity        
    Deposits:        
      Noninterest bearing demand deposits $ 682,859     $ 786,995    
      Interest bearing deposits:   1,994,288       2,075,156    
        Savings   29,793       29,167    
        Time certificates of $250,000 or more   1,478,500       1,317,862    
        Other time certificates   1,682,324       1,500,162    
        Total deposits   5,867,764       5,709,342    
                   
    Acceptances outstanding   –       315    
    Subordinated debt issuance, net   148,410       148,232    
    Commitments to fund investment in affordable housing partnerships   23,617       30,824    
    Operating lease liabilities   26,730       19,766    
    Accrued interest payable   16,001       16,124    
    Other liabilities   39,705       39,568    
      Total liabilities   6,122,227       5,964,171    
                   
    Shareholders’ equity   750,117       695,105    
      Total liabilities and shareholders’ equity $ 6,872,344     $ 6,659,276    
                   
    Book value per common share $ 56.54     $ 50.54    
    Number of common shares outstanding   13,267,852       13,753,246    
    PREFERRED BANK
    Selected Consolidated Financial Information
    (unaudited)
    (in thousands, except for ratios)
                     
                     
                     
            For the Quarter Ended
                     
            September 30, June 30, March 31, December 31, September 30,
              2024     2024     2024     2023     2023  
    Unaudited historical quarterly operations data:          
      Interest income $ 129,424   $ 127,294   $ 126,520   $ 124,964   $ 125,529  
      Interest expense   60,576     61,187     58,020     55,568     52,575  
        Interest income before provision for credit losses   68,848     66,107     68,500     69,396     72,954  
      Provision for credit losses   3,200     2,500     4,400     3,500     3,500  
      Noninterest income   3,459     3,404     3,065     2,106     2,972  
      Noninterest expense   22,089     19,697     20,028     17,873     19,009  
      Income tax expense   13,635     13,722     13,671     14,290     15,225  
        Net income $ 33,383   $ 33,592   $ 33,466   $ 35,839   $ 38,192  
                     
      Earnings per share          
        Basic $ 2.50   $ 2.51   $ 2.48   $ 2.63   $ 2.74  
        Diluted $ 2.46   $ 2.48   $ 2.44   $ 2.60   $ 2.71  
                     
    Ratios for the period:          
      Return on average assets   1.95 %   1.97 %   2.00 %   2.15 %   2.25 %
      Return on beginning equity   18.37 %   19.44 %   19.36 %   21.21 %   22.66 %
      Net interest margin (Fully-taxable equivalent)   4.10 %   3.96 %   4.19 %   4.24 %   4.39 %
      Noninterest expense to average assets   1.29 %   1.15 %   1.20 %   1.07 %   1.12 %
      Efficiency ratio   30.55 %   28.34 %   27.99 %   25.00 %   25.04 %
      Net charge-offs (recoveries) to average loans (annualized)   -0.00 %   0.68 %   0.26 %   -0.00 %   0.01 %
                     
    Ratios as of period end:          
      Tangible common equity ratio   10.92 %   10.55 %   10.35 %   10.43 %   10.10 %
      Tier 1 leverage capital ratio   11.28 %   10.89 %   10.80 %   10.85 %   10.46 %
      Common equity tier 1 risk-based capital ratio   11.66 %   11.52 %   11.50 %   11.57 %   11.63 %
      Tier 1 risk-based capital ratio   11.66 %   11.52 %   11.50 %   11.57 %   11.63 %
      Total risk-based capital ratio   15.06 %   14.93 %   15.08 %   15.18 %   15.32 %
      Allowances for credit losses to loans at end of period   1.36 %   1.34 %   1.49 %   1.49 %   1.46 %
      Allowance for credit losses to non-performing loans 3.92x 1.79x 4.33x 2.73x 3.86x
                     
    Average balances:          
      Total securities $ 356,590   $ 353,357   $ 348,961   $ 349,863   $ 368,968  
      Total loans   5,458,613     5,320,360     5,263,562     5,126,918     5,086,241  
      Total earning assets   6,684,766     6,728,498     6,585,853     6,499,469     6,597,557  
      Total assets   6,817,979     6,863,829     6,718,018     6,627,349     6,719,859  
      Total time certificate of deposits   2,874,985     2,884,259     2,852,860     2,767,385     2,680,854  
      Total interest bearing deposits   5,124,245     5,203,034     5,004,834     4,906,947     4,800,227  
      Total deposits   5,828,227     5,901,976     5,761,488     5,689,713     5,654,350  
      Total interest bearing liabilities   5,272,617     5,351,347     5,153,089     5,055,143     5,069,014  
      Total equity   747,222     715,190     704,996     683,141     678,020  
                     
    PREFERRED BANK  
    Selected Consolidated Financial Information  
    (unaudited)  
    (in thousands, except for ratios)  
                   
                   
                   
            For the Nine Months Ended  
            September 30,   September 30,  
              2024       2023    
                   
      Interest income $ 383,238     $ 353,024    
      Interest expense   179,783       133,046    
        Interest income before provision for credit losses   203,455       219,978    
      Provision for credit losses   10,100       6,500    
      Noninterest income   9,928       5,007    
      Noninterest expense   61,814       58,761    
      Income tax expense   41,028       45,523    
        Net income $ 100,441     $ 114,201    
                   
      Earnings per share        
        Basic $ 7.50     $ 8.01    
        Diluted $ 7.39     $ 7.92    
                   
    Ratios for the period:        
      Return on average assets   1.97 %     2.33 %  
      Return on beginning equity   19.30 %     24.22 %  
      Net interest margin (Fully-taxable equivalent)   4.08 %     4.58 %  
      Noninterest expense to average assets   1.21 %     1.20 %  
      Efficiency ratio   28.97 %     26.12 %  
      Net charge-off (recoveries) to average loans   0.31 %     0.00 %  
                   
    Average balances:        
      Total securities $ 352,982     $ 402,971    
      Total loans   5,347,918       5,048,452    
      Total earning assets   6,666,439       5,047,971    
      Total assets   6,800,008       6,436,889    
      Total time certificate of deposits   2,870,717       6,560,955    
      Total interest bearing deposits   5,110,755       2,504,426    
      Total deposits   5,830,555       4,602,039    
      Total interest bearing liabilities   5,259,068       5,539,223    
      Total equity   722,560       4,851,214    
                   
    PREFERRED BANK
    Selected Consolidated Financial Information
    (unaudited)
    (in thousands, except for ratios)
                             
                             
                             
            As of
                             
            September 30,   June 30,   March 31,   December 31,   September 30,
              2024       2024       2024       2023       2023  
    Unaudited quarterly statement of financial position data:                  
    Assets:                  
      Cash and cash equivalents $ 804,994     $ 917,677     $ 936,600     $ 910,852     $ 1,021,108  
      Securities held-to-maturity, at amortized cost   20,311       20,605       20,904       21,171       21,474  
      Securities available-for-sale, at fair value   337,363       331,909       333,411       313,842       335,608  
      Loans:                  
        Real estate – Mortgage:                  
          Real estate—Residential $ 753,453     $ 732,251     $ 724,101     $ 688,058     $ 663,021  
          Real estate—Commercial   2,882,506       2,833,430       2,777,608       2,760,761       2,688,148  
          Total Real Estate – Mortgage   3,635,959       3,565,681       3,501,709       3,448,819       3,351,169  
        Real estate – Construction:                  
          R/E Construction — Residential   274,214       238,062       236,596       246,201       226,482  
          R/E Construction — Commercial   290,308       247,582       213,727       179,775       164,666  
          Total real estate construction loans   564,522       485,644       450,323       425,976       391,148  
        Commercial and industrial   1,365,550       1,369,617       1,369,529       1,394,871       1,377,675  
        SBA   5,649       5,463       3,914       3,469       2,424  
        Consumer and others   124       118       379       363       285  
          Gross loans   5,571,804       5,428,600       5,325,854       5,273,498       5,128,242  
      Allowance for credit losses on loans   (76,051 )     (72,848 )     (79,311 )     (78,355 )     (74,849 )
      Net deferred loan fees   (10,414 )     (10,502 )     (10,460 )     (11,079 )     (10,240 )
        Net loans, excluding loans held for sale $ 5,485,339     $ 5,345,250     $ 5,236,083     $ 5,184,064     $ 5,043,153  
      Loans held for sale $ 225     $ 955     $ 605     $ 360     $ –  
        Net loans $ 5,485,564     $ 5,346,205     $ 5,236,688     $ 5,184,424     $ 5,043,153  
                             
      Other real estate owned and repossessed assets $ 15,082     $ 16,716     $ 16,716     $ 16,716     $ 16,716  
      Investment in affordable housing partnerships   58,009       60,432       62,854       65,276       54,679  
      Federal Home Loan Bank stock, at cost   15,000       15,000       15,000       15,000       15,000  
      Other assets   136,021       138,036       134,040       131,995       124,793  
        Total assets $ 6,872,344     $ 6,846,580     $ 6,756,213     $ 6,659,276     $ 6,632,530  
                             
    Liabilities:                  
      Deposits:                  
        Demand $ 682,859     $ 675,767     $ 709,767     $ 786,995     $ 838,300  
        Interest bearing demand   1,994,288       2,326,214       2,159,948       2,075,156       2,091,384  
        Savings   29,793       28,251       29,261       29,167       30,427  
        Time certificates of $250,000 or more   1,478,500       1,406,149       1,349,927       1,317,862       1,283,461  
        Other time certificates   1,682,324       1,442,381       1,552,805       1,500,162       1,439,699  
        Total deposits $ 5,867,764     $ 5,878,762     $ 5,801,708     $ 5,709,342     $ 5,683,271  
                             
      Acceptances outstanding $ –     $ –     $ –     $ 315     $ 103  
      Subordinated debt issuance, net   148,410       148,351       148,292       148,232       148,173  
      Commitments to fund investment in affordable housing partnerships       23,617       27,946       29,647       30,824       20,824  
      Other liabilities   82,436       68,394       77,008       75,458       109,651  
        Total liabilities $ 6,122,227     $ 6,123,453     $ 6,056,655     $ 5,964,171     $ 5,962,022  
                             
    Equity:                    
      Net common stock, no par value $ 109,928     $ 113,509     $ 115,915     $ 134,534     $ 143,584  
      Retained earnings   664,808       640,675       616,417       592,325       566,027  
      Accumulated other comprehensive income   (24,619 )     (31,057 )     (32,774 )     (31,754 )     (39,103 )
        Total shareholders’ equity $ 750,117     $ 723,127     $ 699,558     $ 695,105     $ 670,508  
        Total liabilities and shareholders’ equity $ 6,872,344     $ 6,846,580     $ 6,756,213     $ 6,659,276     $ 6,632,530  
                             
    PREFERRED BANK
    Quarter-to-Date Average Balances, Yield and Rates
    (Unaudited)
                               
                           
          Three months ended September 30,   Three months ended June 30,   Three months ended September 30,
            2024       2024       2023  
            Interest Average     Interest Average     Interest Average
          Average Income or Yield/   Average Income or Yield/   Average Income or Yield/
          Balance Expense Rate   Balance Expense Rate   Balance Expense Rate
    ASSETS (Dollars in thousands)
    Interest earning assets:                      
      Loans (1,2) $ 5,459,842   $ 114,112 8.31 %   $ 5,324,410   $ 109,451 8.27 %   $ 5,086,302   $ 106,695 8.32 %
      Investment securities (3)   356,590     3,610 4.03 %     353,357     3,652 4.16 %     368,968     3,422 3.68 %
      Federal funds sold   20,164     280 5.52 %     20,866     291 5.61 %     20,111     278 5.48 %
      Other earning assets   848,170     11,521 5.40 %     1,029,865     13,999 5.47 %     1,122,176     15,235 5.39 %
        Total interest earning assets   6,684,766     129,523 7.71 %     6,728,498     127,393 7.61 %     6,597,557     125,630 7.55 %
      Deferred loan fees, net   (10,248 )         (10,459 )         (10,071 )    
      Allowance for credit losses on loans   (72,899 )         (79,119 )         (71,503 )    
    Noninterest earning assets:                      
      Cash and due from banks   10,826           10,626           12,101      
      Bank furniture and fixtures   9,419           9,787           8,814      
      Right of use assets   22,496           22,886           21,491      
      Other assets   173,619           181,610           161,470      
        Total assets $ 6,817,979         $ 6,863,829         $ 6,719,859      
                               
    LIABILITIES AND SHAREHOLDERS’ EQUITY                      
    Interest bearing liabilities:                      
      Deposits:                      
        Interest bearing demand and savings $ 2,249,260   $ 23,295 4.12 %   $ 2,318,775   $ 24,284 4.21 %   $ 2,119,373   $ 20,324 3.80 %
        TCD $250K or more   1,412,073     17,866 5.03 %     1,379,116     17,295 5.04 %     1,251,397     14,085 4.47 %
        Other time certificates   1,462,912     18,090 4.92 %     1,505,143     18,283 4.89 %     1,429,457     15,284 4.24 %
        Total interest bearing deposits   5,124,245     59,251 4.60 %     5,203,034     59,862 4.63 %     4,800,227     49,693 4.11 %
    Advance from Federal Home Loan Bank   –     – 0.00 %     –     – 0.00 %     120,652     1,557 5.12 %
    Subordinated debt, net   148,372     1,325 3.55 %     148,313     1,325 3.59 %     148,135     1,325 3.55 %
        Total interest bearing liabilities   5,272,617     60,576 4.57 %     5,351,347     61,187 4.60 %     5,069,014     52,575 4.11 %
    Noninterest bearing liabilities:                      
      Demand deposits   703,982           698,942           854,123      
      Lease liability   18,882           19,828           19,759      
      Other liabilities   75,276           78,522           98,943      
        Total liabilities   6,070,757           6,148,639           6,041,839      
    Shareholders’ equity   747,222           715,190           678,020      
        Total liabilities and shareholders’ equity $ 6,817,979         $ 6,863,829         $ 6,719,859      
    Net interest income   $ 68,947       $ 66,206       $ 73,055  
    Net interest spread     3.14 %       3.02 %       3.44 %
    Net interest margin     4.10 %       3.96 %       4.39 %
                               
    Cost of Deposits:                      
      Noninterest bearing demand deposits $ 703,982         $ 698,942         $ 854,123      
      Interest bearing deposits   5,124,245     59,251 4.60 %     5,203,034     59,862 4.63 %     4,800,227     49,693 4.11 %
        Total Deposits $ 5,828,227   $ 59,251 4.04 %   $ 5,901,976   $ 59,862 4.08 %   $ 5,654,350   $ 49,693 3.49 %
                               
    (1) Includes non-accrual loans and loans held for sale                    
    (2) Net loan fee income of $991,000, $1.1 million and $1.3 million for the quarter ended September 30, 2024, June 30, 2024 and September 30, 2023, respectively, are included in the yield computations
    (3) Yields on securities have been adjusted to a tax-equivalent basis                  
    PREFERRED BANK
    Year-to-Date Average Balances, Yield and Rates
    (Unaudited)
                       
                       
          Nine Months ended September 30,
            2024
    		       2023  
            Interest Average     Interest Average
          Average Income or Yield/   Average Income or Yield/
          Balance Expense Rate   Balance Expense Rate
    ASSETS (Dollars in thousands)
    Interest earning assets:              
      Loans (1,2) $ 5,350,465   $ 333,543 8.33 %   $ 5,048,452   $ 304,796 8.07 %
      Investment securities (3)   352,982     10,691 4.05 %     402,971     11,125 3.69 %
      Federal funds sold   20,472     854 5.57 %     20,111     774 5.14 %
      Other earning assets   942,520     38,448 5.45 %     965,355     36,633 5.07 %
        Total interest earning assets   6,666,439     383,536 7.68 %     6,436,889     353,328 7.34 %
      Deferred loan fees, net   (10,466 )         (10,142 )    
      Allowance for credit losses on loans   (76,775 )         (69,653 )    
    Noninterest earning assets:              
      Cash and due from banks   10,693           11,912      
      Bank furniture and fixtures   9,762           8,931      
      Right of use assets   22,462           21,780      
      Other assets   177,893           161,238      
        Total assets $ 6,800,008         $ 6,560,955      
                       
    LIABILITIES AND SHAREHOLDERS’ EQUITY              
    Interest bearing liabilities:              
      Deposits:              
        Interest bearing demand/ savings $ 2,240,038   $ 69,944 4.17 %   $ 2,097,613   $ 53,854 3.43 %
        TCD $250K or more   1,377,621     51,662 5.01 %     1,258,870     37,600 3.99 %
        Other time certificates   1,493,096     54,202 4.85 %     1,245,556     33,798 3.63 %
        Total interest bearing deposits   5,110,755     175,808 4.59 %     4,602,039     125,252 3.64 %
    Advance from Federal Home Loan Bank   –     – 0.00 %     101,099     3,819 5.05 %
    Subordinated debt, net   148,313     3,975 3.58 %     148,076     3,975 3.59 %
        Total interest bearing liabilities   5,259,068     179,783 4.57 %     4,851,214     133,046 3.67 %
    Noninterest bearing liabilities:              
      Demand deposits   719,800           937,184      
      Lease liability   19,401           20,482      
      Other liabilities   79,179           83,213      
        Total liabilities   6,077,448           5,892,093      
    Shareholders’ equity   722,560           668,862      
        Total liabilities and shareholders’ equity $ 6,800,008         $ 6,560,955      
    Net interest income   $ 203,753       $ 220,282  
    Net interest spread     3.12 %       3.67 %
    Net interest margin     4.08 %       4.58 %
                       
    Cost of Deposits:              
      Noninterest bearing demand deposits $ 719,800         $ 937,184      
      Interest bearing deposits   5,110,755     175,808 4.59 %     4,602,039     125,252 3.64 %
        Total Deposits $ 5,830,555   $ 175,808 4.03 %   $ 5,539,223   $ 125,252 3.02 %
                       
    (1) Includes non-accrual loans and loans held for sale              
    (2) Net loan fee income of $3.4 million and $3.2 million for the year ended September 30, 2024 and 2023, respectively, are included in the yield computations
    (3) Yields on securities have been adjusted to a tax-equivalent basis            
    PREFERRED BANK  
    Loan and Credit Quality Information  
                     
    Allowance For Credit Losses History  
              Nine Months Ended Year ended  
              September 30, 2024   December 31, 2023  
              (Dollars in 000’s)  
    Allowance For Credit Losses          
    Balance at Beginning of Period   $ 78,355     $ 68,472    
      Charge-Offs          
        Commercial & Industrial     12,409       124    
        Mini-perm Real Estate     –       –    
        Total Charge-Offs     12,409       124    
                     
      Recoveries          
        Commercial & Industrial     5       7    
        Mini-perm Real Estate     –       –    
        Total Recoveries     5       7    
                     
      Net Charge-Offs     12,404       117    
      Provision for Credit Losses:     10,100       10,000    
    Balance at End of Period   $ 76,051     $ 78,355    
                     
    Average Loans Held for Investment   $ 5,347,918     $ 5,067,870    
    Loans Held for Investment at End of Period   $ 5,571,579     $ 5,273,498    
    Net Charge-Offs to Average Loans     0.31 %     0.00 %  
    Allowances for Credit Losses to Loans at End of Period     1.36 %     1.49 %  
                     

    The MIL Network –

    January 24, 2025

  • MIL-OSI Europe: Einstein Telescope in border region step closer

    Source: Government of the Netherlands

    News item | 18-10-2024 | 12:00

    Major steps have been taken to build the Einstein Telescope in the border region of Belgium, the Netherlands and Germany. This was revealed at the 4th ministerial summit on the project. The Flemish government is already reserving €200 million for the project. In addition, Belgium and the Netherlands support the steps being taken in Germany to definitively earmark funds for the construction of the Einstein Telescope. Finally, it was announced at the summit that the 1rst results of the drilling campaign give the preliminary conclusion that the subsoil in the border area of Belgium, the Netherlands and Germany is sufficiently stable and offers opportunities to build the telescope.

    Newcomers

    That news caused great optimism among the responsible ministers from North Rhine-Westphalia, Belgium and the Netherlands at the Kerkrade conference on the underground telescope.

    Following elections and government formation in the Netherlands and Belgium, a number of new ministers in the Netherlands and Belgium are responsible for the Einstein Telescope project. From Wallonia it is Minister Pierre-Yves Jeholet, in Flanders it is Prime Minister Matthias Diependaele and from the Netherlands Minister Eppo Bruins, who also hosted.

    Commitment in the 3 countries

    Ahead of the summit, it was announced that the new Flemish cabinet is already reserving €200 million for the Einstein Telescope. This is good news. Together with the financial reservation in the Netherlands and the extra boost given by Minister Bruins on Prinsjesdag, a total of more than a billion euros is available for the Einstein Telescope in both countries.
    Germany is also taking steps for the Einstein Telescope. There, an application is under way to get the Einstein Telescope on Germany’s priority list for large scientific infrastructure. This is a necessary condition for a financial contribution. Dutch and Belgian ministers have indicated their support for this proposal.

    Drilling campaign: hard rock favourable

    A key condition for building the Einstein Telescope is that the soil is suitable for it. To determine that, drilling to an average depth of 300 metres was carried out at 11 locations in the border region of Belgium, the Netherlands and Germany. Not all analyses have been completed yet, but the first preliminary conclusions look good. It was found that the subsurface consists of harder rock layers than initially assumed. This is favourable for building an underground research infrastructure. The analysed data from the drillings have been independently verified by the geological service of TNO (Netherlands Organisation for Applied Scientific Research). TNO concurs with the research team’s conclusion based on these initial findings that there are no factors that would make the project unfeasible.
    This drilling campaign and the data collected do not yet say anything about exactly where the 3 vertices for the underground telescope will be. Further geological research is needed for that. In addition, seismic surveys must show that the area is sufficiently noise-free to allow the telescope to measure gravity waves optimally. Furthermore, civil engineering studies must show how the construction of the underground tunnels and vertices is possible. In addition, environmental impact studies will help determine the most suitable location.

    Einstein Telescope of great value

    The Einstein Telescope will be of great value to science, the economy and society. Studies show that every euro invested will pay for itself twice over, and thousands of additional jobs are expected to be created in the border area of the 3 countries. Both for scientists and professionals in the fields of construction, maintenance and hospitality.
    The decision on where to build the Einstein Telescope will be made in 2026. The border region of Germany, the Netherlands and Belgium is in the race together, working on the best possible bid book. The Netherlands has €58 million for preparation and a reservation of €870 million for construction.

    Quotes from national and regional ministers

    Minister Eppo Bruins (OCW) – the Netherlands: ‘Together, we are really another step closer to the Einstein Telescope. The Flemish investment is very good news, and Germany is also taking steps. These agreements and first results of the ground borings mean that the ground under our plan is getting firmer, both literally and figuratively. And that’s good news. Together, we can really give a major boost to science, society and the economy in our countries with the Einstein Telescope.’

    State Secretary Thomas Dermine, Belgium: ‘This latest ministerial meeting shows that the Netherlands, Belgium, and Germany continue to make significant daily efforts to ensure that the candidacy of the EMR region for the Einstein Telescope is as solid and coherent as possible. The Belgian federal government, whose administration (BELSPO) coordinates the work of the Belgian Task Force, closely monitors the next steps to be taken to ensure that this high-value scientific project is actually realized in the EMR region. The realization of a European project of this caliber will enhance the EMR cross-border region and demonstrate that Europe is at the top of scientific technology in the field of gravitational wave detection.’

    Nathanael Liminski, Minister of Federal, European, International Affairs and Media of the State of North Rhine-Westphalia and Head of the State Chancellery: ‘We are constantly fostering cross-border cooperation between North Rhine-Westphalia, the Netherlands and Belgium for the benefit of the people in the region. Of the many areas and projects in which we work together, the Einstein Telescope stands out in particular. Joint cutting-edge research projects send out the signal that we, as Europe, have the confidence to be among the best in the world. The Einstein Telescope has enormous potential, both scientifically and economically.’

    Gonça Türkeli-Dehnert, State Secretary, Ministry of Culture and Research of the State of North-Rhine Westphalia: ‘The research landscape in North Rhine-Westphalia, with its many excellent universities and research institutions, is unique in Europe. I am sure that North Rhine-Westphalia and its partners in the Netherlands and Belgium will be the ideal home for the Einstein Telescope.’

    Minister Pierre-Yves Jeholet, Wallonia: ‘This project is of great importance for scientific research and European scientific collaboration, but also for the economy of our regions, which is why the new Walloon Government fully supports this bid through the Economy and Industry Department. Most of this project will be carried out under Walloon soil, and the spin-offs will be significant for our regions. In the coming weeks, the Walloon Government will be expanding its project team to maximise the chances of this joint bid by Germany, the Netherlands, Flanders and Wallonia.’

    Flemish Prime Minister Matthias Diependaele: ‘The Einstein Telescope is a unique ‘Big Science’ project. It links fundamental science, technological innovation, attraction of STEM fields and international appeal. A strong commitment from all governments involved will enable us to actually bring this unique scientific infrastructure to the Meuse-Rhine Euroregion. This is why the new Flemish government has already entered an initial reservation of 200 million euros in its budget.’

    Deputy Stephan Satijn (Economy, Finance and Business, Public affairs) Province of Limburg (NL): ‘During the ministerial meeting, it became clear that we all want the same thing: to bring the Einstein Telescope to this region. The new ministers are also keeping the Einstein Telescope high on the agenda. With good agreements, we have taken another step forward.’

    MIL OSI Europe News –

    January 24, 2025

  • MIL-OSI China: Chinese researchers develop ‘lunar bricks’

    Source: China State Council Information Office 2

    A visitor looks at a lunar soil sample displayed at a Space Day of China science exhibition in Hefei, east China’s Anhui Province, April 24, 2023. [Photo/Xinhua]
    Chinese researchers have developed bricks from a material that has a similar composition to lunar soil, with the hope that they can be used to build a lunar base in the future.
    According to a recent video clip provided to Xinhua by the Huazhong University of Science and Technology (HUST), a team of researchers led by Ding Lieyun used a lunar soil simulant to make “lunar bricks” that are more than three times stronger than standard red bricks or concrete bricks.
    The team also developed another construction option using additive manufacturing technology. The researchers invented a 3D-printing robot to print houses using lunar soil.
    According to Zhou Cheng at HUST, the team used five different simulated lunar soil compositions and three different sintering processes, which can provide more accurate scientific data for the selection of materials and process optimization for future lunar base construction.
    The composition of lunar soil varies in different locations on the moon, Zhou said, noting that there is one composition that simulates the lunar soil at the landing site of Chang’e-5, which is mainly basalt. Some other compositions simulate the soil found at other locations, soil that is mainly anorthosite.
    He explained that the bricks need to undergo performance testing to determine if their mechanical performance will degrade in the lunar environment and whether they can withstand the high frequency of lunar quakes.
    The moon has a vacuum environment with significant cosmic radiation, and temperatures exceed 180 degrees Celsius during the lunar day, dropping to minus 190 degrees Celsius at night. The team has to determine how well the bricks can insulate and if they can withstand the radiation, Zhou said.
    According to China Central Television, the lunar bricks will be sent to China’s space station aboard the Tianzhou-8 cargo spacecraft to verify their mechanical and thermal performance, as well as their ability to withstand cosmic radiation. The first lunar brick is expected to return to Earth by the end of 2025.
    China unveiled a national mid-term to long-term development program for space science on Tuesday, outlining a roadmap for the development of space science in China through 2050. The international lunar research station, which was initiated by China, will be constructed during the program’s second phase from 2028 to 2035.

    MIL OSI China News –

    January 24, 2025

  • MIL-OSI China: Lebanon condemns Israel’s repeated attacks on UNIFIL positions

    Source: China State Council Information Office

    The United Nations Interim Force in Lebanon (UNIFIL) vehicles are on patrol in Marjayoun, Lebanon, Aug. 28, 2024. [Photo/Xinhua]

    The Lebanese Ministry of Foreign Affairs and Emigrants on Monday condemned Israel’s repeated attacks on personnel and positions of the United Nations Interim Force In Lebanon (UNIFIL), calling on the international community to take a firm stance to support peacekeeping forces.

    In a statement released Monday, the ministry said “these attacks and actions do not merely represent targeting international forces, but also constitute a flagrant violation of international law and international humanitarian law, and may amount to a war crime.”

    The ministry urged the international community to safeguard UNIFIL’s operations, ensuring their security is neither compromised nor threatened. It called for the condemnation of Israel and demanded an immediate halt to its hostile actions against the peacekeeping forces.

    In recent days, Israeli forces have repeatedly targeted UNIFIL positions in southern Lebanon, resulting in injuries to peacekeepers and drawing international criticism.

    On Sunday, a bulldozer of the Israel Defense Forces demolished an observation tower and perimeter fence at a UNIFIL post in the southern Lebanese town of Marwahin.

    MIL OSI China News –

    January 24, 2025

  • MIL-OSI China: 2024 WSTDF to open in Beijing

    Source: China State Council Information Office 3

    A press briefing on the 2024 World Science and Technology Development Forum is held in Beijing on Oct. 18. [Photo courtesy of the China Association for Science and Technology]

    The 2024 World Science and Technology Development Forum (WSTDF), hosted by the China Association for Science and Technology (CAST), will commence in Beijing on Oct. 22, according to a press briefing held on Friday.

    Guided by the implementation of China’s three major global initiatives, the forum will center on the theme “Science and Technology for the Future” and focus on in-depth discussions of six topics. It aims to harness international expertise to drive high-quality development, foster cross-cultural scientific exchanges, and tackle global challenges through innovation and technological solutions.

    The main activities of the 2024 WSTDF will take place in Beijing from Oct. 22-24, with the closing ceremony set for Oct. 30. During the event, in addition to the opening ceremony on Oct. 22, six major thematic sessions and three roundtable dialogues will be held, complemented by several cultural exchange activities. The six thematic sessions will explore the following key areas: “AI Governance Innovation: Building an International Trust Foundation for Cultivating the Ecology of Science and Technology Governance (Intelligence)”; “Interdisciplinary Science-Based Solutions Towards Sustainable Development (Interdisciplinary)”; “Open Science Infrastructures: Building a Collaborative Platform for the Sciences Decade (Infrastructures)”; “Cross-Industry Resource Collaboration and Integration to Provide Innovative Application Scenarios for Enhancing the Intelligent Manufacturing Industry (Innovation)”; “Harmonious Coexistence of Nature and Humanity: Environment and Health (Interaction)”; and “Science and Technology for Risk-Informed Sustainable Development (Integration).” The three roundtable dialogues will focus on the following themes: “Encouraging women’s participation in science and technology”; “Science: Openness, Cooperation and Mobility”; and “Seminar on Effectively Advancing the Sustainable Development Goals.”

    In addition, three key international exchange events will enrich the forum, namely the 2024 China-ASEAN Engineers Forum in Beijing on Oct. 16; the opening ceremony of the 2024 WLA Forum & The Award Ceremony of the 2024 WLA Prize in Shanghai on Oct. 25; and the 11th China-Russia Engineering and Technology Forum in Heilongjiang on Oct. 28-29.

    The 2024 WSTDF is expected to attract hundreds of high-profile participants, including leaders from relevant countries, global award winners, heads of the United Nations as well as international science and technology organizations, as well as renowned scientists, entrepreneurs and educators from home and abroad. Among the attendees will be over 10 Nobel laureates and other major award winners, more than 40 academicians, over 30 business representatives, and nearly 50 delegates from international organizations.

    Featuring a diverse array of events, including thematic sessions, open forums and closed-door meetings, the forum will emphasize fostering interdisciplinary technological cooperation and integration. Through proposals, reports and declarations, it aims to drive meaningful progress in science and technology.

    In line with its commitment to simplicity and practicality, the forum will embrace a green, low-carbon and sustainable approach. This includes utilizing paperless communication to boost efficiency, leveraging digital technology to streamline event services, and using renewable energy vehicles for guest transportation. Additionally, the forum will limit the number of participants, avoid unnecessary formalities and minimize decorations to foster a focused and efficient environment.

    First launched and hosted by CAST in 2019, the WSTDF has been held five times. Amidst the complex and evolving global landscape, the forum has played a vital role in fostering non-governmental scientific and technological exchange, broadening avenues for international collaboration, and establishing an open and trustworthy network of cooperation. This year, the forum will once again offer a crucial platform for nations to exchange ideas, deepen partnerships and advance scientific innovation and development on a global scale, contributing to a community with a shared future for mankind.

    MIL OSI China News –

    January 24, 2025

  • MIL-OSI China: Intl conference marks Confucius’ 2575th birth anniversary

    Source: China State Council Information Office 3

    The International Conference to Commemorate the 2575th Anniversary of Confucius’ Birth, which is also the 7th Congress of the International Confucian Association (ICA), opened in Beijing on Saturday.

    Wang Huning, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and chairman of the National Committee of the Chinese People’s Political Consultative Conference, addressed the opening ceremony.

    Wang said efforts will be made to promote the creative transformation and innovative development of China’s fine traditional culture and strengthen exchanges and mutual learning among countries, ethnic groups and cultures around the world.

    This will not only further enrich the Chinese civilization but also contribute to a more vibrant and diverse global civilization, he added.

    Wang called for carrying forward and promoting Confucianism and all outstanding traditional cultures, thereby making new contributions to the development of a human community with a shared future.

    The opening ceremony was presided over by ICA President Sun Chunlan.

    Former Japanese Prime Minister and Council Chair of the ICA Yasuo Fukuda, former Italian Prime Minister Massimo D’Alema, and former French Prime Minister Jean-Pierre Raffarin, either in person or through other means, delivered speeches. They emphasized the importance of Confucianism in addressing crises and resolving conflicts.

    MIL OSI China News –

    January 24, 2025

  • MIL-OSI: James Richberg Appointed to Mattermost Federal Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    Reston, Virginia, Oct. 21, 2024 (GLOBE NEWSWIRE) — Mattermost Federal, Inc., a leader in delivering the secure, real-time collaboration and workflow tools that modern defense, security, and intelligence teams need to maintain command, control, and operational tempo, is pleased to announce the appointment of James Richberg to its Board of Directors, effective September 1, 2024. Richberg brings a wealth of experience as an award-winning Chief Information Security Officer (CISO) and former senior U.S. Government cyber intelligence executive, recognized for his leadership in enhancing cybersecurity and developing innovative strategies to address the complex challenges of today’s digital landscape.

    Richberg has a distinguished career in both the public and private sectors, serving as the Field Chief Information Security Officer at a NASDAQ 100 global cybersecurity company, where he led public sector outreach and contributed to an impressive sector annual growth rate. His extensive background includes roles as a corporate board member, leader of multi-company industry working groups on cybersecurity, and key contributor to the U.S. national cyber strategy. Richberg has received numerous accolades, including the Presidential Rank Award for his exceptional vision and leadership in cyber intelligence.

    “We are excited to welcome James Richberg to the Mattermost Federal Board,” said Corey Hulen, CEO of Mattermost Federal. “His deep expertise in cybersecurity, risk management, and public-private collaboration will be invaluable as we continue to expand our solutions to address the unique challenges of the defense, intelligence, and critical infrastructure sectors. James’ proven track record of driving security innovation and policy development will greatly enhance our ability to deliver the most secure collaboration platform for government agencies.”

    Richberg’s appointment reflects Mattermost Federal’s ongoing commitment to securing collaboration in high-risk, mission-critical environments, ensuring compliance with rigorous security standards, and delivering robust, scalable solutions for the most sensitive government and defense operations.

    About Mattermost Federal

    Mattermost Federal provides a secure collaboration platform built for the public and private sector, empowering defense, intelligence, and critical infrastructure organizations with the tools they need to securely collaborate, share information, and drive mission success. Trusted by the U.S. Department of Defense and other government entities, Mattermost Federal is committed to delivering cutting-edge solutions that meet the highest security and compliance standards.

    The MIL Network –

    January 24, 2025

  • MIL-OSI: ManTech Opens Center for Innovation and Partnership in Hawaii to Support Department of Defense Missions in the Indo-Pacific

    Source: GlobeNewswire (MIL-OSI)

    HONOLULU and HERNDON, VA., Oct. 21, 2024 (GLOBE NEWSWIRE) — ManTech, a leading provider of AI and mission-focused technology solutions, today opened its new Innovation and Partnership Center in Hawaii (named Kūmaumau). This center expands the company’s support of U.S. Department of Defense missions in the Indo-Pacific region. Strategically located in Honolulu’s growing hi-tech corridor, ManTech’s new facility will play a pivotal role in advancing U.S. Indo-Pacific Command missions.

    The Kūmaumau Center will deliver cutting-edge capabilities to ensure U.S. military forces maintain dominance across both physical and digital battlefields. These include solutions for mitigating Contested Logistics, enhancing Integrated Missile Systems, advancing fixed and undersea intelligence surveillance, providing C5ISR support, and deploying Data @ the Edge technologies for secure communications in challenging environments. The center will also focus on Full-Spectrum Cyber capabilities to protect against emerging digital threats.

    “ManTech has an enduring commitment to supporting defense and national security objectives from the vital hub of Hawaii,” said David Hathaway, President of ManTech’s Defense Sector. “Our new Innovation Center will build on this platform of mission success by developing, testing and deploying advanced technology solutions that provide our warfighters and partners with an all-important edge in combat scenarios.”

    “As a long-term member of Hawaii’s community, we have designed Kūmaumau as a hub for collaboration with local businesses, universities, and international partners to support national security,” said Byron K.W. Leong, ManTech’s Executive Director, U.S. Indo-Pacific Business Development. “This new facility underscores ManTech’s dedication to pioneering mission-critical technology committing to the creation of career opportunities for the people and businesses of Hawaii.”

    ManTech Innovation Center
    SALT at Our Kaka’ako
    680 Ala Moana Blvd – Suite 103 Honolulu, HI 96813

    About ManTech
    ManTech provides mission-focused technology solutions and services for U.S. Defense, Intelligence and Federal Civilian agencies as a 55-year Industry Partner with the Federal Government. We are a leading mission and enterprise technology provider that powers AI, full-spectrum cyber, data collection & analytics, high-end digital engineering and software application development solutions that support national and homeland security. Additional information on ManTech can be found at http://www.mantech.com.

    Media Contact:

    Jim Crawford
    ManTech
    Executive Director, External Communications
    (M) 703-498-7315
    James.Crawford2@ManTech.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d64b7873-d3f3-49f2-bb4a-abe3e9c910f2

    The MIL Network –

    January 24, 2025

  • MIL-OSI: NEWTON GOLF to Present at the LD Micro Main Event XVII

    Source: GlobeNewswire (MIL-OSI)

    CAMARILLO, CA, Oct. 21, 2024 (GLOBE NEWSWIRE) — NEWTON GOLF Company (Nasdaq: SPGC) (“NEWTON GOLF” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, announces that Greg Campbell, Executive Chairman, will present a corporate overview at the LD Micro Main Event XVII. The conference is being held on October 28 – 30, 2024 at the Luxe Sunset Boulevard Hotel in Los Angeles.

    Event:  LD Micro Main Event XVII
    Presentation Date:  Wednesday, October 30, 2024
    Time:   8:00 AM PT
    Register to watch presentation:  https://me24.sequireevents.com/
       

    Mr. Campbell will be available for one-on-one meetings with registered investors of the conference.

    About NEWTON GOLF: A Sacks Parente Company

    NEWTON GOLF: A Sacks Parente Company, is a technology-forward golf company that help golfers elevate their game. With a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, the Company’s innovative accomplishments include: the First Vernier Acuity putter, patented Ultra-Low Balance Point (ULBP) putter technology, weight-forward Center-of-Gravity (CG) design, and pioneering ultra-light carbon fiber putter shafts.

    In consideration of its growth opportunities in golf shaft technologies, the Company expanded its manufacturing business in April of 2022 to develop the advanced Newton brand of premium golf shafts by opening a new shaft manufacturing facility in St. Joseph, MO. It is the Company’s intent to manufacture and assemble substantially all products in the United States, while also expanding into golf apparel and other golf-related product lines to enhance its growth.

    The Company’s future expansions may include broadening its offerings through mergers, acquisitions or internal developments of product lines that are complementary to its premium brand. The Company currently sells its products through resellers, the Company’s websites, Club Champion retail stores, and distributors in the United States, Japan, and South Korea.

    For more information, please visit the Company’s website at http://www.newtongolfco.com or on social media at @newtongolfco.com, @newtonshafts, or @gravityputters.

    Media Contact for NEWTON GOLF
    Beth Gast
    BG Public Relations
    beth.gast@bgpublicrelations.com

    Investor Contact for NEWTON GOLF
    CORE IR
    516-222-2560
    investors@sacksparente.com

    The MIL Network –

    January 24, 2025

  • MIL-OSI United Kingdom: Severn Valley communities invited to learn about plans for area

    Source: United Kingdom – Executive Government & Departments

    Communities along the Severn Valley are invited to find out more about plans to manage water and enhance communities at a series of drop-in events.

    Flooding in the Severn Valley.

    Residents and business owners along the upper Severn Valley are invited to a series of drop-in sessions being held later this year where they can find out more about plans to manage water and enhance communities in the area. 

    The Severn Valley Water Management Scheme (SVWMS) is an initiative led by a partnership of the Environment Agency, Natural Resources Wales, Powys County Council and Shropshire Council which aims to enhance water management and create resilient environments across the Upper Severn catchment.  

    The Partnership will be at the drop-in sessions below to discuss how it will be developing plans to make the Severn a more vibrant and resilient river catchment, and members of the communities are invited to the drop-in session to find out more.  

    As well as considering future options for the upper Severn catchment, the SVWMS is also exploring the different funding approaches that would be needed to take forward future implementation in what is a challenging funding environment.   

    The drop-in sessions will be held on the following dates:

    • 7 November – Newtown Library, Park Lane, Newtown, SY16 1EJ 

    • 26 November – Llanidloes – Hanging Gardens Project, Bethel St, Llanidloes SY18 6BS   

    • 10 December – Meifod – Meifod Cobra Rugby Club, Meifod, SY22 6HF 

    • 13 January – Oswestry – Oswestry Memorial Hall, Smithfield Street, Oswestry, SY11 2EG 

    • 29 January – Shrewsbury – Shropshire Wildlife Trust, 193 Abbey Foregate, Shrewsbury SY2 6AH 

    These sessions, which coincide with briefings for local parish and community councils in Powys and Shropshire, are designed to provide an opportunity for residents to learn more about the project, ask questions, and share their views. 

    People can also keep up to date with progress of the scheme and all the latest news and events by viewing the new SVWMS website, which seeks feedback from those with an interest in the scheme. 

    The project is investigating a combination of sustainable land use management, in conjunction with current land uses, up-scaled nature-based solutions, and sensitive engineering methods to improve flood risk resilience and water management in the catchment area. 

    If delivered, the SVWMS will bring numerous benefits to communities and businesses across the Severn catchment in England and Wales: 

    • Improved Flood Risk Management: By implementing a combination of measures, the project will help slow the flow of water upstream, reducing the risk of flooding in downstream areas. 

    • Enhanced Biodiversity: The project will contribute to halting biodiversity decline by creating and improving habitats such as wetlands, reed beds, and woodlands. This will support a diverse range of plant and animal species. 

    • Climate Resilience: The regenerative approach of the SVWMS will positively contribute to addressing the climate crisis by enhancing the natural environment’s ability to absorb and store carbon. 

    • Social Value: The project will engage local communities and involve them in the decision-making process, fostering a sense of ownership and stewardship over the natural environment. 

    • Economic Benefits: By improving water management and reducing flood risks, the project can protect local businesses and infrastructure, contributing to the overall economic resilience of the region. 

    David McKnight, Environment Agency Area Flood and Coastal Risk manager for the West Midlands said:  

    “Delivering the Severn Valley Water Management Scheme is a long-term solution to sustainable water management and has the potential to better protect thousands of homes and businesses from flood risk across the upper Severn catchment in England and Wales.

    “We are looking forward to sharing progress as it is made and for people to contribute and engage with us as the project advances. We want to hear from all areas of the Severn community as we embark on the strategy that the catchment needs to be able to adapt to our changing climate and continue to thrive. 

    “The new SVWMS website will be a reliable and informative resource for anyone wanting to engage with partners and we will update the venue details of our community drop-in sessions and event summaries there too.” 

    Gavin Bown, Natural Resources Wales, Head of Operations for Mid Wales said: 

    “This is an ambitious but important project as we face a climate and nature emergency.  We are seeing adverse weather events, such as flooding and periods of drought, occurring more frequently than we have experienced in recent decades. 

    “The Severn Valley Water Management Scheme (SVWMS) is looking at new and innovative ways to supplement our flood risk management activities and help further address these issues through using natural flood management to reduce the risk of flood or drought by working with natural systems. 

    NRW and Welsh Government are committed to the sustainable management of our natural resources.  The SVWMS is a project which could provide us with additional longer-term solutions to sustainably manage water in the Severn catchment.  We welcome the opportunity for communities to help inform the scheme.” 

    Councillor James Gibson-Watt, at Powys County Council, added:  

    “The Severn Valley Water Management Scheme is a significant opportunity to address climate impacts being experienced within our communities in Powys.  We’re excited to be a partner in this initiative and would encourage participation in the upcoming community events to learn more about the project and the potential opportunities it could bring.” 

    Councillor Ian Nellins, Deputy Leader and Cabinet member for Climate Change, Environment and Transport at Shropshire Council, added:  

    “The Severn Valley Water Management Scheme represents a significant step forward in our efforts to protect communities and enhance our natural environment.  This project not only addresses the immediate flood risks but also supports biodiversity and our fight against climate change.  

    “We encourage everyone to participate in the upcoming sessions to learn more about the positive impacts this scheme will bring.”

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    Updates to this page

    Published 21 October 2024

    MIL OSI United Kingdom –

    January 24, 2025

  • MIL-OSI Asia-Pac: Smt. Vijaya Kishore Rahatkar appointed as Chairperson of the National Commission for Women

    Source: Government of India

    Smt. Vijaya Kishore Rahatkar appointed as Chairperson of the National Commission for Women

    Dr. Archana Majumdar appointed as Member NCW

    Posted On: 19 OCT 2024 3:48PM by PIB Delhi

    Smt. Vijaya Kishore Rahatkar has been appointed as the Chairperson of the National Commission for Women (NCW). She will be the 9th Chairperson of NCW.

    Smt. Rahatkar has demonstrated leadership skills across various political and social responsibilities.During her tenure as Chairperson of the Maharashtra State Commission for Women (2016-2021), she spearheaded initiatives like “Sakshama” (support for acid attack survivors), “Prajwala” (linking self-help groups to central government schemes), and “Suhita” (24×7 helpline service for women). She also worked on legal reforms focusing on issues like POCSO, anti-triple talaq cells, and anti-human trafficking units. She introduced digital literacy programs and launched a publication named “Saad” dedicated to women’s issues.

    As the Mayor of Chatrapati Sambhajinagar from 2007 to 2010, Smt. Rahatkar implemented significant developmental projects related to healthcare and infrastructure.

    Smt. Rahatkar holds a bachelor’s degree in Physics and a master’s degree in History from University of Pune. She has authored several books, including ‘Vidhilikhit’ (on women’s legal issues) and ‘Aurangabad: Leading to Wide Roads’. Her contributions to women’s empowerment have earned her recognition, including the National Law Award and the Savitribai Phule Award from a national literary council.

    Dr. Archana Majumdar has also been appointed as the Member of the National Commission for Women . 

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    (Release ID: 2066302) Visitor Counter : 26

    MIL OSI Asia Pacific News –

    January 24, 2025

  • MIL-OSI Asia-Pac: Railway Protection Force to Participate in Vedanta Delhi Half Marathon to Raise Awareness Against Child Trafficking

    Source: Government of India (2)

    Posted On: 19 OCT 2024 3:23PM by PIB Delhi

    The Railway Protection Force (RPF) proudly announces participation in the Vedanta Delhi Half Marathon on 20th October 2024.Director General, RPF, Shri Manoj Yadava will led a team of 26 dedicated RPF members who will run the half marathon to highlight and raise awareness about child trafficking prevention efforts across the railway network.

     

     

    Primary objective of RPF participation is to educate the public on the measures taken to combat child trafficking and  appeal to citizens to join the fight against this menace. Under the slogan “Our Mission: Prevent Child Trafficking on Trains,”  the RPF aims to emphasize the urgency and necessity for collective action to safeguard children from exploitation and abuse.

     

     

    The event will feature all team members running the entire half marathon, symbolizing the strength, unity, and commitment of the RPF towards this noble cause. To enhance public engagement, the RPF band will perform live beside the route of the run near Rail Bhavan, creating an interactive and supportive atmosphere for participants and spectators alike.

     

     

    The RPF calls upon the public to support this important initiative and take an active stand against child trafficking. Together, we can ensure a safer environment for children and work towards eradicating trafficking from the nation’s railway network.

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    (Release ID: 2066298) Visitor Counter : 12

    MIL OSI Asia Pacific News –

    January 24, 2025

  • MIL-OSI Asia-Pac: NCL Launches Sustainable Initiatives for a Greener Future Under Special Campaign 4.0

    Source: Government of India (2)

    Posted On: 19 OCT 2024 3:19PM by PIB Delhi

    Northern Coalfields Limited (NCL), a leading subsidiary of Coal India Limited, has undertaken a series of innovative and sustainable initiatives as part of Special Campaign 4.0. With a strong focus on harnessing renewable energy, promoting health and hygiene, and implementing eco-friendly waste management practices, NCL is driving progress towards a cleaner, greener future while contributing to national development goals.

    Solar Energy Projects: Pioneering Clean Energy

    As part of its commitment to environmental sustainability, NCL is making significant strides in renewable energy. The company has successfully installed a 480 kW rooftop solar plant at its Jayant project and is currently expanding its solar capacity with the installation of 1.3 MW rooftop solar systems at the IWSS Khadia, Bina, and Kakri areas. These initiatives not only help reduce NCL’s carbon footprint but also align with India’s renewable energy targets.

    Promoting Health and Hygiene: Sanitary Napkin Vending Machines

    NCL is dedicated to improving the health and hygiene of young women in the Singrauli region. In line with this objective, the company has installed Sanitary Napkin Vending and Disposal Machines in four schools as part of Special Campaign 4.0. This initiative benefits around 1,850 female students by ensuring access to sanitary pads, thus promoting better menstrual health and hygiene.

    “Waste to Wealth”: Transforming Organic Waste into Fertilizer

    Under its “Waste to Wealth” initiative, NCL is promoting eco-friendly waste management practices by creating vermicompost beds. By recycling cow dung and organic waste, the company is producing nutrient-rich vermicompost in Birkunia and Khirwa villages. This initiative supports sustainable agriculture by offering a natural alternative to chemical fertilizers, improving soil fertility, and reducing environmental impact.

    Focus on Cleanliness and Zero Pendency

    As part of its campaign for cleanliness, NCL has identified 69 sites for cleaning and beautification, with 23 sites already completed. Additionally, NCL has made significant progress in scrap disposal, having disposed of 1,661 MT of scrap materials out of a targeted 2,180 MT. This effort underscores NCL’s commitment to maintaining cleanliness and minimizing waste.

    Efficient Record and Space Management

    To enhance office efficiency, NCL is implementing robust record and space management systems. To date, 400 old files have been transferred to record rooms, and 3,729 e-files and 207 physical files have been reviewed, contributing to better utilization of office space and streamlined operations.

    Public Grievance Redressal

    NCL remains committed to public service and has resolved 30 out of 37 grievances received during Special Campaign 4.0. The company’s focus on timely and effective grievance redressal reflects its dedication to public satisfaction and responsiveness.

    Through its proactive participation in Special Campaign 4.0, NCL is contributing to the national vision of a cleaner, greener, and more sustainable future.

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    (Release ID: 2066294) Visitor Counter : 44

    MIL OSI Asia Pacific News –

    January 24, 2025

  • MIL-OSI Asia-Pac: Think critically, adapt to unforeseen circumstances & leverage latest technology to gain strategic advantage in today’s times: Raksha Mantri to military leaders at National Defence College, New Delhi

    Source: Government of India

    Think critically, adapt to unforeseen circumstances & leverage latest technology to gain strategic advantage in today’s times: Raksha Mantri to military leaders at National Defence College, New Delhi

    “Need to stay prepared to tackle the possibility of adversaries weaponising day-to-day tools & tech”

    “Ability to anticipate, adapt & respond will define our readiness to deal with emerging challenges”

    Govt’s focus is to make a technologically-advanced & future-ready military, says Shri Rajnath Singh

    Posted On: 19 OCT 2024 2:31PM by PIB Delhi

    Raksha Mantri Shri Rajnath Singh has called upon the military leaders to think critically, adapt to unforeseen circumstances and leverage latest technological advancements to gain a strategic advantage in today’s ever-evolving geopolitical landscape. Addressing the MPhil Convocation ceremony of 62nd National Defence College (NDC) course (2022 batch) in New Delhi on October 19, 2024, he urged the officers to become strategic thinkers who are capable of anticipating future conflicts, understanding global political dynamics and leading with both intelligence & empathy.

    “Warfare, today, has surpassed the traditional battlefields and now operates in a multi-domain environment where cyber, space & information warfare are as critical as conventional operations. Cyber-attacks, disinformation campaigns and economic warfare have become tools that can destabilise a whole nation without a single shot being fired. There is a need for military leaders to possess the ability to analyse complex problems and devise innovative solutions,” Raksha Mantri said.

    Shri Rajnath Singh described the rapid technological advancements in today’s times as the most crucial force which drives the evolution of a future-ready military. “From Drones and Autonomous Vehicles to Artificial Intelligence (AI) & Quantum Computing, the technologies shaping modern warfare are evolving at a breath-taking pace. Our officers must understand these technologies and be able to harness them,” he stated.

    Raksha Mantri exhorted the defence officers to carry-out in-depth analysis on how best to leverage niche technologies, such as AI, which has the potential to revolutionise military operations. He also stressed on the need to decide on the threshold level of the decisions AI is allowed to take, highlighting the importance of human intervention. Increasing reliance on AI in decision-making processes can raise concerns about accountability & the potential for unintended consequences, he said.

    Shri Rajnath Singh underlined the need to stay prepared to tackle the possibility of adversaries weaponising the tools and technologies used by people on a daily basis. “The mere thought that our adversaries exploiting the tools serves as a reminder of the urgency with which we must prepare for these threats. Institutions like NDC must evolve their course curriculum to not only incorporate case studies on such unconventional warfare but also to drive strategic innovation. The ability to anticipate, adapt & respond will define our readiness in the face of ever-evolving challenges,” he said.

    On the aspect of ethical dilemma faced by military leaders about the extent to which machines should make life-and-death decisions, Raksha Mantri said academic learning in ethics, philosophy and military history will provide officers with the tools to handle the sensitive subject & make sound decisions. He highlighted the critical role played by defence academic institutions, such as NDC, in instilling the moral framework in future leaders to deal with the challenges of present-day warfare. He urged the officers to have a firm grasp of geopolitics, international relations & the complexities of global security alliances, as the decisions made by them can have far-reaching consequences that extend beyond the battlefield and into the realm of diplomacy, economics & international law. 

    Shri Rajnath Singh voiced the Government’s resolve of developing a technologically-advanced and agile military, capable of responding to emerging threats & safeguarding national security. He asserted that while efforts are being made to ensure that the Armed Forces remain future-ready and resilient, defence institutions like NDC play a pivotal role in shaping the perspectives of military leaders & equipping them with the expertise necessary to handle the complexities of modern-day warfare.

    Raksha Mantri added that the curriculum of academic institutions must remain dynamic and adaptable to ensure its relevance to practitioners in the field. He described the challenges of modern warfare, ethical dilemmas, and strategic leadership as not just topics for reflection, but the foundation upon which the future of India’s national security will be built. 

    Emphasising that learning must be a continuous process not confined to the duration of a course, Shri Rajnath Singh suggested the introduction of online, short-term modules on critical subjects to extend the reach and impact of NDC. “This would allow more officers, irrespective of their geographical location or time constraints, to benefit from the knowledge and expertise offered by such a prestigious institution,” he stated.

    Raksha Mantri termed the extensive and well-established alumni network of NDC as an untapped resource that can play a pivotal role in this initiative. By leveraging the experience and insights of its alumni, NDC can foster a thriving, collaborative learning ecosystem that continuously enriches the professional development of defence personnel, he said.

    Shri Rajnath Singh congratulated the officers of the 62nd NDC Course who were awarded the MPhil degree, especially those from friendly countries. He termed them as a bridge between India and their respective nations. He added that challenges and concerns shared during the course would pave the way for enhancing the collective security and prosperity in the region.

    Defence Secretary-designate Shri RK Singh, Commandant NDC Air Marshal Hardeep Bains, Registrar, University of Madras Professor S. Elumalai, senior officers of Ministry of Defence and faculty members of NDC were present on the occasion.

     *******

    SR/Savvy/KB

    (Release ID: 2066290) Visitor Counter : 57

    MIL OSI Asia Pacific News –

    January 24, 2025

  • MIL-OSI Video: Secretary Blinken at the Secretary of State’s Award for Global Anti-Racism Champions Ceremony – 11AM

    Source: United States of America – Department of State (video statements)

    Secretary of State Antony Blinken delivers remarks at the second annual ceremony for the Secretary of State’s Award for Global Anti-Racism Champions at the State Department of State, on October 21, 2024.

    ———-
    Under the leadership of the President and Secretary of State, the U.S. Department of State leads America’s foreign policy through diplomacy, advocacy, and assistance by advancing the interests of the American people, their safety and economic prosperity. On behalf of the American people we promote and demonstrate democratic values and advance a free, peaceful, and prosperous world.

    The Secretary of State, appointed by the President with the advice and consent of the Senate, is the President’s chief foreign affairs adviser. The Secretary carries out the President’s foreign policies through the State Department, which includes the Foreign Service, Civil Service and U.S. Agency for International Development.

    Get updates from the U.S. Department of State at http://www.state.gov and on social media!
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    https://www.youtube.com/watch?v=hKjSLRVZANE

    MIL OSI Video –

    January 24, 2025

  • MIL-OSI China: Delegates from Islamic body hail Xinjiang’s stability, development

    Source: China State Council Information Office 3

    Performers dance at the grand bazaar in Urumqi, northwest China’s Xinjiang Uygur Autonomous Region, Jan. 23, 2023. [Photo/Xinhua]

    A 32-member delegation, including representatives of multiple countries of the Organization of Islamic Cooperation (OIC) and officials of the OIC General Secretariat, visited northwest China’s Xinjiang Uygur Autonomous Region from Oct. 16 to 19 at the invitation of China’s Ministry of Foreign Affairs.

    The delegates toured cities like Turpan, Hami and the regional capital Urumqi, expressing their admiration for the social stability, harmony and collaborative development among the region’s diverse ethnic groups.

    The delegates emphasized the potential for collaboration in counter-terrorism, development and combating misinformation, underscoring the importance of international unity in the fight against terrorism.

    After visiting an exhibition on counter-terrorism and de-radicalization efforts in Xinjiang, Boubacar Gouro Diall, Mali’s representative to the OIC, stressed the importance of the shared global fight against terrorism. He noted that countries must unite to combat this threat while cautioning that some countries covertly instigate terrorism to undermine the stability of others and seize their resources.

    The Malian diplomat said that China is not the sole victim of misinformation and called for greater international cooperation to counter false narratives.

    Coulibaly Drissa, Cote d’Ivoire’s representative to OIC, stressed that social stability is crucial for sustained development. “Social stability is very important everywhere in the world. Only with social stability can we promote global peace.”

    Tourists visit the ancient city of Kashgar in northwest China’s Xinjiang Uygur Autonomous Region, Sept. 19, 2024. [Photo/Xinhua]

    The delegation also visited local mosques and Islamic institutes, with Tajikistan’s OIC representative, Akram Karimi, hailing the Chinese government’s commitment to protecting human rights and ensuring religious freedom. He praised the efforts to preserve the cultural traditions and heritage of Xinjiang’s ethnic minorities.

    During visits to local e-commerce enterprises and solar energy facilities, many representatives expressed interest in expanding economic cooperation with Xinjiang. Cameroonian diplomat Dewa Moustafa emphasized the potential for collaboration in the energy sector, particularly given his country’s rich solar resources.

    “The northern region of Cameroon also has abundant solar energy resources, but they are not being effectively utilized, leading to a power shortage. I hope my country can collaborate with the local government of Xinjiang in the energy sector,” Moustafa said.

    Hani Abdulwhab M. Kashif, Saudi Arabia’s deputy OIC representative, lauded Xinjiang’s achievements, calling them a source of pride not only for China but also for its friends. He underscored the importance of increased interaction to present a more accurate picture of Xinjiang to the world.

    Many delegates, including Naser Kamali Dolat Abadi, Iran’s acting representative to the OIC, have visited Xinjiang more than once and expressed their admiration for the positive atmosphere among local residents striving for a better life.

    Xinjiang is experiencing rapid development, with diverse ethnic groups preserving their unique cultures while enjoying a high quality of life, the Iranian diplomat said.

    MIL OSI China News –

    January 24, 2025

  • MIL-OSI Europe: AMERICA/MEXICO – In the state of Chiapas: Indigenous priest and human rights activist murdered

    Source: Agenzia Fides – MIL OSI

    Monday, 21 October 2024

    San Cristóbal de Las Casas (Agenzia Fides) – The Catholic community of Chiapas shares in these hours pain and prayers after the murder of an indigenous priest parish priest in the Cuxtitali neighborhood of San Cristobal de las Casas. The attack on Father Marcelo Pérez Pérez, as the victim was called, occurred on his way back from the parish of Nuestra Señora de Guadalupe, in San Cristobal de las Casas, where he had celebrated mass. According to the ongoing investigation, two armed men on motorcycles approached the car in which Father Marcelo was sitting and shot him on Sunday morning, October 20.Known for his work for justice and peace in the region’s indigenous communities and as a mediator in conflicts in areas such as Pantelhó, where violence and insecurity have increased significantly and armed groups have long fought for control of the territory, the priest had received a number of death threats over the years, including for his actions and denunciations of the actions of armed groups in the region.Due to the constant threats, the diocese of San Cristóbal de las Casas had decided to transfer him from the municipality of Simojovel to the parish of Nuestra Señora de Guadalupe. “Chiapas is a time bomb, many people have disappeared, been kidnapped and killed by organized crime,” he said in an interview last September 13 during a peace rally attended by parishioners from the three dioceses of Chiapas. In August 2024, he confirmed that a bounty of one million pesos (almost 50,000 euros) had been placed on his life in Simojovel, but that he would continue his peace process under the protection of God. “I have a divine mandate,” he told the newspaper “El Sol de México” on August 2, 2024. The son of peasant parents, he was born in the municipality of Chichelalhó, in San Andrés Larráinzar (Chiapas). He attended the seminary, was ordained a priest on April 6, 2002, and began his ecclesiastical work as a parish priest in Chenalhó, where he had contact with the survivors of the Acteal massacre in 1997. He worked as a human rights activist for decades and lived in Simojovel for more than 10 years. He coordinated the Social Pastoral Care of the province of Chiapas, which includes the dioceses of the municipalities of San Cristóbal de Las Casas, Tapachula and Tuxtla Gutiérrez, and supported indigenous religious organizations and groups, led pilgrimages and initiated activities on health, poverty and violence in Simojovel. After being a priest for 10 years as parish priest in Chenalhó and 10 years in Simojovel, he was responsible for the parish of Our Lady of Guadalupe for more than two years.In 2010 he was awarded the “Per Anger 2020” prize, which is given to people and organizations that work for human rights and democracy. Meanwhile, the Bishop Emeritus of San Cristóbal de las Casas, Cardinal Felipe Arizmendi Esquivel, expressed his deep sadness and recalled that Father Marcelo was one of the first indigenous priests from the Tsotsile ethnic group that he ordained. “He always worked for justice and peace among the indigenous peoples, especially in Simojovel, and accompanied the victims of internal violence in Pantelhó,” said Cardinal Esquivel. According to the Cardinal, the priest never engaged in party politics, but always fought for respect and justice between communities: “He fought for the values of the Kingdom of God to come alive in the communities. The values of truth and life, holiness and grace, justice, love and peace.” “Father Marcelo Pérez was a living example of priestly commitment to the neediest and weakest in society. His pastoral work, which was characterized by his closeness to the people and his constant support for those most in need, leaves a legacy of love and service that will remain in the hearts of all those he touched through his ministry,” said the Mexican Bishops’ Conference in a communiqué on the priest’s violent death, signed by its President Rogelio Cabrera López and its Secretary General Ramón Castro Castro.”The murder of Father Marcelo not only deprives the community of a pastor who was committed to his people, but also silences a prophetic voice that fought tirelessly for peace, truth and justice in the Chiapas region. Marcelo Pérez was a living example of priestly commitment to the neediest and weakest in society,” said the Bishops’ Conference. The bishops are calling on the authorities to “conduct a comprehensive and transparent investigation that will lead to clarifying this crime and bring justice to Father Marcelo Pérez,” and “to take effective measures to ensure the safety of priests and pastoral workers” and “to redouble their efforts in the fight against violence and impunity that plague the Chiapas region” and the country in general.Meanwhile, the Chiapas State Attorney’s Office is investigating the murder.The Mexican Secretariat for Security and Protection of Citizens sent a message of “solidarity with the Catholic community and the commitment of the Mexican government that there will be no impunity.” (AP) (Agenzia Fides, 21/10/2024)

    MIL OSI Europe News –

    January 24, 2025

  • MIL-OSI China: China willing to carry out more IP cooperation

    Source: China State Council Information Office 3

    China is willing to carry out more pragmatic and mutually beneficial cooperation with other countries in the field of intellectual property to benefit more countries and peoples, said Chinese Vice Premier Zhang Guoqing.

    He made the statements while delivering a speech during the opening ceremony of the 2024 International Association for the Protection of Intellectual Property World Congress on Saturday, after reading out President Xi Jinping’s congratulatory letter to the congress.

    Zhang, also a member of the Political Bureau of the Communist Party of China Central Committee, said President Xi’s letter fully reflects the great importance China attaches to intellectual property work. China will speed up the improvement of its legal system, management system, policy system and rule system for intellectual property to further stimulate the vitality of innovation of the public and better serve high-quality development and promote Chinese modernization.

    He noted that China is ready to carry out more practical and mutually beneficial cooperation with other countries in the field of intellectual property, work together to firmly uphold the multilateral intellectual property system with the World Intellectual Property Organization at its core, and promote the improvement of international rules and standards for intellectual property.

    He added that the country is willing to work together with other countries to build a global intellectual property governance structure featuring extensive consultation, joint contributions and shared benefits, so that the fruits of scientific and technological innovation will benefit more countries and peoples and better improve the well-being of mankind.

    MIL OSI China News –

    January 24, 2025

  • MIL-OSI China: China’s grain barn reaps bumper harvest of soybean

    Source: China State Council Information Office 2

    A farmer pours green soybeans into a basket in Guancang of Jintang County, Chengdu of southwest China’s Sichuan Province, June 19, 2023. [Photo/Xinhua]
    Soybean harvesting in China’s major soybean producing area of Heihe in Heilongjiang Province is near completion, poised for a bumper harvest, according to the city’s agricultural authority on Wednesday.
    The harvesting has been completed in more than 90 percent of Heihe’s 1.38 million hectares of soybean planting area, which was 10 percent faster than that of last year, said Su Hui, deputy director of the city’s agriculture and rural affairs department.
    He said that the soybean production this year has been orderly. In harvested areas, growers and the local authorities have started to carry out soil conservation and preparation for achieving high yield next year.
    “Heihe’s soybean output this year is poised to increase, compared to that of last year, which should partly be attributed to high-quality soybean varieties and improved planting technology,” said Jia Hongchang, a researcher with the Heihe branch of the Heilongjiang Academy of Agricultural Sciences.
    Heilongjiang, China’s major grain barn, is the country’s largest soybean-producing province. Heihe alone produces about one-seventh of the country’s soybean output. The city’s soybean output in 2023 amounted to 2.6 billion kg.
    Jia said that the province has accelerated the construction of the soybean seed breeding bases for developing high-quality seeds. Heihe’s plantation areas have realized a 100-percent coverage rate of high-quality soybean seeds.
    With the faster pace of harvesting, big grain purchasers are moving up their stock.
    “These days, our purchase volume has risen sharply to reach more than 300 tonnes a day at the highest. All of our 80 sets of automatic soybean oil pressing machines have powered on for processing soybeans,” said Chen Liang, chairman of Heilongjiang Xuda Cereals, Oils and Foods Co., Ltd.

    MIL OSI China News –

    January 24, 2025

  • MIL-OSI China: Beijing logs 1.7M inbound trips by foreigners in 3 quarters

    Source: China State Council Information Office 2

    More than 1.7 million foreign nationals entered the Chinese capital in the first three quarters, a year-on-year increase of 156.6%, according to the Beijing General Station of Exit and Entry Frontier Inspection.
    The number of cross-border travelers at Beijing ports reached nearly 13.7 million from January to September, more than doubling that of the same period last year. The figure also surpassed the total number of entries and exits for the whole of last year.
    China’s optimized visa-free policy, together with measures aimed at facilitating international travel, has substantially helped to increase the number of foreign travelers arriving in Beijing.
    According to the Beijing border inspection office, most of the foreign travelers who entered through Beijing in the first three quarters of the year originated from Russia, the U.S., the Republic of Korea, Germany, and Malaysia. 
    During the period, 580,000 foreigners entered Beijing under visa-free policies, with 46,000 benefiting from the 144-hour transit visa exemption, representing six-fold and 3.4-fold increases year on year, respectively.
    The Beijing General Station of Exit-Entry Frontier Inspection has implemented multiple measures facilitating services for foreign travelers, including promoting the use of electronic boarding passes with 14 airlines, and piloting self-service printing of entry cards for foreigners to reduce waiting time. Moreover, additional channels and waiting areas have been installed at busy checkpoints.

    MIL OSI China News –

    January 24, 2025

  • MIL-OSI China: Weifang-Yantai high-speed railway put into operation

    Source: People’s Republic of China – State Council News

    Weifang-Yantai high-speed railway put into operation

    Updated: October 21, 2024 20:22 Xinhua
    A crew member helps a senior passenger get on the train G9227, the first train of the Weifang-Yantai high-speed railway, at Laizhou Railway Station in east China’s Shandong Province, Oct. 21, 2024. The Weifang-Yantai high-speed railway was put into operation on Monday, increasing the total operational length of high-speed railway in Shandong to 3,047 kilometers. [Photo/Xinhua]
    Passengers holding tickets pose for a group photo with the train G9227, the first train of the Weifang-Yantai high-speed railway, at Laizhou Railway Station in east China’s Shandong Province, Oct. 21, 2024. [Photo/Xinhua]
    This photo taken on Oct. 21, 2024 shows a bullet train running past the Changping grand bridge of the Weifang-Yantai high-speed railway in east China’s Shandong Province. [Photo/Xinhua]
    Staff members taking part in the inauguration ceremony of the Weifang-Yantai high-speed railway pose for a group photo on the train G9227 in east China’s Shandong Province, Oct. 21, 2024. [Photo/Xinhua]
    Staff members of the culture and tourism department of Yantai present a gift to a constructor of the Weifang-Yantai high-speed railway on the train G9227 in east China’s Shandong Province, Oct. 21, 2024. [Photo/Xinhua]
    An aerial drone photo taken on Oct. 21, 2024 shows bullet train G9227 arriving at Laizhou Railway Station in east China’s Shandong Province. [Photo/Xinhua]
    Liu Wei, an intangible cultural heritage inheritor, displays a calabash on the train G9227, the first train of the Weifang-Yantai high-speed railway in east China’s Shandong Province, Oct. 21, 2024. [Photo/Xinhua]
    An aerial drone photo taken on Oct. 21, 2024 shows bullet train G9227 arriving at Laizhou Railway Station in east China’s Shandong Province. [Photo/Xinhua]

    MIL OSI China News –

    January 24, 2025

  • MIL-OSI: CSW Industrials Announces Date for Fiscal Second Quarter 2025 Earnings Release Conference Call

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Oct. 21, 2024 (GLOBE NEWSWIRE) — CSW Industrials, Inc. (NASDAQ: CSWI) announced that it will release its earnings results for the fiscal second quarter ended September 30, 2024 on Wednesday, October 30, 2024, before the market opens. The Company will host a conference call the same day at 10:00 am Eastern Time to discuss the results.

    Participants may access the call at 1-877-407-0784, international callers may use 1-201-689-8560, and request to join the CSW Industrials earnings call. A live webcast will also be available at https://cswindustrials.gcs-web.com.

    A telephone replay will be made available shortly following the conclusion of the call and until November 13, 2024. Participants may access the replay at 1-844-512-2921, international callers may use 1-412-317-6671, and enter access code 13749338. An archived replay of the call will also be available on the Investors portion of the CSWI website at http://www.cswindustrials.com.

    About CSW Industrials
    CSW Industrials is a diversified industrial growth company with industry-leading operations in three segments: Contractor Solutions, Specialized Reliability Solutions, and Engineered Building Solutions. CSWI provides niche, value-added products with two essential commonalities: performance and reliability. The primary end markets we serve with our well-known brands include: HVAC/R, plumbing, electrical, general industrial, architecturally-specified building products, energy, mining, and rail transportation. For more information, please visit http://www.cswindustrials.com. 

    Investor Relations
    Alexa Huerta
    Vice President, Investor Relations and Treasurer
    214-489-7113
    alexa.huerta@cswindustrials.com

    The MIL Network –

    January 24, 2025

  • MIL-OSI Economics: With Copilot agents, Pets at Home unleashes an AI revolution

    Source: Microsoft

    Headline: With Copilot agents, Pets at Home unleashes an AI revolution

    After creating a platform in Azure that unites the data from its various operations, the company is focusing on the potential of AI, he said. Pets at Home is an early adopter of Microsoft Copilot Studio, where a business can create AI agents to act in support of different areas of the business. It coincides with Microsoft’s announcement October 21 of the ability to create autonomous agents to help build capacity for every sales, service, finance and supply chain team. 

    With early access to agent-building features in Copilot Studio, Pets at Home created an agent to help its retail fraud detection team investigate suspicious transactions. The company is planning on creating other agents to assist its colleagues in other areas. 

    It’s part of the company’s embrace of a range of AI services across departments. For veterinary colleagues, that means saving time on administrative tasks to be able to spend more time focused on patients. For the business as a whole, that means unifying the data from its different operations to create a better customer experience. 

    “We have some fantastic data – there are 8 million customers in our Pets Club, with 10 million pets,” he said. “We’re using machine learning and AI algorithms to produce recommendations for next best actions.”  

    “We can give information to our colleagues in our pet care centers about our customers’ pets, and what they would typically buy or need at their life stage. We can bring that same data to life across our organization so that we’re really relevant to customers, and we’re helping them make the best decisions for their pet, whether they are in a store, online or at the veterinary practice.”

    MIL OSI Economics –

    January 24, 2025

  • MIL-OSI Asia-Pac: Asia+ Festival’s multimedia dance performance “+1+1+1+” to explore new forms of artistic expression (with photos)

    Source: Hong Kong Government special administrative region

    Asia+ Festival’s multimedia dance performance “+1+1+1+” to explore new forms of artistic expression (with photos)
    Asia+ Festival’s multimedia dance performance “+1+1+1+” to explore new forms of artistic expression (with photos)
    ******************************************************************************************

         Presented by the Culture, Sports and Tourism Bureau and organised by the Leisure and Cultural Services Department, this year’s Asia+ Festival is offering “+1+1+1+”, a multimedia dance performance featuring a mesmerising mix of music, dance and technology. Japanese media art pioneer Daito Manabe, the production’s director, composer and video designer, will be joined by J-pop dance artist, stage and choreography director MIKIKO with her all-female dance troupe ELEVENPLAY. Together, they are set to join forces to broaden the artistic horizons of audiences.      Manabe has worked with such artistic luminaries as Björk and Ryuichi Sakamoto. Rather than forging a sense of realism in such a way that the audience would experience really being there in his works, he is keen on highlighting interesting things about the human physique, data and programming per se, in his contemplation of the relationships and boundaries between the analogue and the digital, the real and the virtual. MIKIKO’s long list of collaborators includes rock diva Ringo Sheena and Olympic figure-skating gold medalist Yuzuru Hanyu, while her choreography is seen in celebrated performances of electro-pop group Perfume and heavy metal group BABYMETAL. She is also extensively involved in media art, and is particularly noted for her ability to fuse advanced technology with mass culture, breaking down barriers between pop and the experimental.       In “+1+1+1+”, a multimedia dance performance themed around time and structure, dancers and the richly layered performance space become an organic whole, made possible by the masterful use of motion capture and holographic projection technology. The latter creates a hyperreal realm, where the stage, lighting and music are constantly evolving to evoke a dream-like quality. Not only does “+1+1+1+” unravel the endless possibilities between humanity and technology but it brings together the structure and rhythm of traditional and contemporary arts, venturing into the uncharted territory of music, dance and technology to offer new ways of expression.       “+1+1+1+” will be staged at 7.30pm on November 8 and 9 at the Hong Kong Cultural Centre Grand Theatre. A meet-the-artist session will be held after the November 8 performance. Tickets priced at $240, $360, $480 and $580 are now available at URBTIX (www.urbtix.hk). For telephone bookings, please call 3166 1288; or use the mobile ticketing app “URBTIX”. For more details about the show, please refer to asiaplus.gov.hk/2024/en/+1+1+1+.      The second Asia+ Festival is running from September to November, highlighting the arts and cultures of nearly 30 countries from Asia, the Middle East and Belt and Road regions. Apart from stage programmes, there are also thematic exhibitions, an outdoor carnival, film screenings, outreach activities and more, numbering over 100 in total. For programme enquiries and concessionary schemes, please call 2370 1044 or visit asiaplus.gov.hk/2024/en/.

     
    Ends/Monday, October 21, 2024Issued at HKT 18:40

    NNNN

    MIL OSI Asia Pacific News –

    January 24, 2025

  • MIL-OSI Asia-Pac: Light housing operation pact signed

    Source: Hong Kong Information Services

    The Housing Bureau today awarded the second operation and management contract of the Light Public Housing (LPH) projects to Easy Living Consultant Limited & Yan Chai Hospital Joint Venture at a tender sum of about $168 million.

    The contract includes the operation and management of two LPH projects at Choi Hing Road and Choi Shek Lane in Ngau Tau Kok. Both venues will provide about 2,290 and 148 LPH units respectively, with intakes expected in the second quarter of 2025 and the first quarter of 2026.

    Under the bureau’s steer and supervision, the operating organisation will need to carry out pre-management works effectively to ensure the smooth handling of LPH application and intake matters, and provide various services and ancillary facilities for the residents and local community immediately upon intake.

    Secretary for Housing Winnie Ho pointed out that having one organisation handle the operation and management of two LPH projects in proximity could enhance flexibility and utilisation of resources, thereby increasing efficiency and expanding the service scope.

    She said: “I aspire to work closely with various operating organisations in the coming years to ensure effective operation and management, hence allowing the residents and nearby community to benefit from the projects’ ancillary facilities and community services.

    “I would also like to appeal to other organisations that are interested in operating LPH to actively participate in the tenders of other projects, thereby working together with the Government to improve the living environment of grassroots people and help them in their pursuit towards happiness.”

    MIL OSI Asia Pacific News –

    January 24, 2025

  • MIL-OSI United Kingdom: Get ready for fun with Leeds’s first ever Festival of Play

    Source: City of Leeds

    A fun-filled week-long celebration of the magic of play is set to sweep Leeds later this month with the launch of the city’s first ever Festival of Play and Creativity.

    People of all ages are encouraged to join the city-wide celebration and let loose their playful side with an activity-packed array of events taking place this upcoming half term, from October 25 to November 3.

    From performances and interactive experiences to games and workshops, the inaugural Festival of Play and Creativity aims to showcase Leeds as a great place to play and encourage people to make more time to have fun.

    The festival has been organised by Leeds Community of Play – a network of over 100 people and organisations, including Leeds City Council and its Child Friendly Leeds initiative, committed to inspiring playfulness in neighbourhoods.

    Over 60 events are already planned for the week, which aims to highlight the city’s rich cultural landscape as well as promoting grassroots community activities, with organisers hoping it will spark ideas and enthusiasm and inspire more people to embrace the power of play.

    Highlights so far include the six-day pop-up Playful Information Centre, featuring four refurbished shipping containers at Victoria Gardens, outside Leeds Art Gallery in the city centre, where a daily line-up of different artists will host activities including a ‘Conquer the Conker’ challenge, a ‘Wheel of crisps’ game, Halloween costume-making and a hot dog race.

    The information centre will also showcase all the other playful happenings across the city, which include pumpkin carving at Kirkstall Valley Farm, Lego play with digital consultancy firm Hippo Digital, a mini gig at Brudenell Social Club and story time with Hold Fast, a bookshop on a boat.

    Elsewhere across the city, community groups including Better Leeds Communities and LS14 Trust are getting involved with activities for all, resident-led playstreets will hold activities on people’s doorsteps and Leeds Libraries are providing colourful mini playboxes at various libraries, with each box boasting six drawers full of open-ended play activities.

    Councillor Helen Hayden, Leeds City Council’s executive member for children and families, said: “Play is vital for both adults and children but we know it can often be overlooked in life’s priorities so it’s really great to see an event like this which showcases the power of play to people of all ages.

    “Last year we became the first city in England to commit to delivering an action plan optimising play opportunities for children and young people – a key element in helping everyone in Leeds to get the best start in life.

    “We have an incredible community of playmakers, artists and organisations in Leeds who all work hard to lead the way for play and this festival is a fantastic way to showcase and celebrate this on the city-wide stage and hopefully inspire people to embrace play in their day-to-day lives.”

    Rachel Ingle-Teare, senior librarian at Leeds Libraries, said: “Leeds Libraries are thrilled to be a key partner in the festival – a celebration that encourages the joy of play into the heart of our communities – and are proud to offer a variety of playful experiences.

    “The festival’s rich tapestry of events and activities are designed to ignite curiosity and encourage playful discovery for all ages. Join us in embracing the power of play and creativity across the city.”

    Festival co-organiser Joanne Michael, founder of Leeds business HappyAsABean Creative and a member of Community of Play, added: “Leeds is a city that knows how to play.

    “The Festival of Play and Creativity has been a real community effort fuelled by over 100 members of Community of Play over the last nine months – all keen to encourage people of all ages to value time spent playing and make more time for joy.”

    The Festival of Play and Creativity has a dedicated page on the Leeds Inspired website where all events are being listed; visit https://www.leedsinspired.co.uk/collection/FOP24. Many of the festival’s activities are free to attend, with some requiring pre-registration.

    The Playful Information Centre has been sponsored by Northern Bloc Ice Cream.

    ENDS

    For media enquiries please contact:

    Leeds City Council communications and marketing,

    Email: communicationsteam@leeds.gov.uk

    Tel: 0113 378 6007

    MIL OSI United Kingdom –

    January 24, 2025

  • MIL-OSI Asia-Pac: SEE attends Singapore International Energy Week in Singapore (with photos)

    Source: Hong Kong Government special administrative region

    SEE attends Singapore International Energy Week in Singapore (with photos)
    SEE attends Singapore International Energy Week in Singapore (with photos)
    **************************************************************************

         The Secretary for Environment and Ecology, Mr Tse Chin-wan, attended the 17th Singapore International Energy Week (SIEW) today (October 21).      SIEW is organised by the Energy Market Authority under the Ministry of Trade and Industry (MTI) of Singapore. The theme this year is “A Connected and Sustainable Energy World”. Mr Tse attended the SIEW Summit to speak on the topic of Asia’s Collaborative Journey to a Sustainable Energy Future, and engaged in in-depth discussions and exchanges with other participants.      Speaking at the Summit, Mr Tse said that Hong Kong strives to reduce carbon emissions and achieve carbon neutrality before 2050. The carbon emissions in Hong Kong peaked in 2014. Compared to the peak, the carbon emissions of Hong Kong have reduced by about a quarter and the target is to reduce them by half before 2035. Hydrogen energy is a low-carbon energy with development potential. The Hong Kong Special Administrative Region Government is advancing with prudence to create an environment conducive to the development of hydrogen energy, which includes improving legislation, setting up infrastructure and funding trial projects. He said, “Our country places great emphasis on developing hydrogen technology, and has a number of high-quality products and advanced technology. Hong Kong can grab the opportunity to become a hub for the country to promote different products and technologies, helping Hong Kong and other countries to promote a green transition.”      Mr Tse also pointed out that there are three key elements to promote regional collaboration, namely political will to set policy targets, active participation from industries and the establishment of an exchange platform for sharing experiences and seeking co-operation. He expressed his gratitude to SIEW for providing an excellent platform that brings together various parties to explore new opportunities and collaboration.      In the afternoon, Mr Tse met with the Senior Minister of State for the MTI, Ms Low Yen Ling, to exchange views on hydrogen development. He later met with officials of the Maritime and Port Authority of Singapore to learn more about the latest developments of green maritime fuel in Singapore.      Mr Tse also visited a local shipping company today and received a briefing on the supply chain and bunkering operations of green marine fuels, particularly the application of green methanol.       Tomorrow (October 22), Mr Tse will visit a local enterprise to understand better the developments and applications of sustainable aviation fuel. He will return to Hong Kong the same evening.

     
    Ends/Monday, October 21, 2024Issued at HKT 19:10

    NNNN

    MIL OSI Asia Pacific News –

    January 24, 2025

  • MIL-OSI Asia-Pac: SCST reviews preparatory work for test event to be held at Kai Tak Sports Park (with photos)

    Source: Hong Kong Government special administrative region

         The Secretary for Culture, Sports and Tourism, Mr Kevin Yeung, visited the Kai Tak Sports Park (KTSP) today (October 21) to inspect the construction progress of the KTSP and review the preparatory work for the test event to be held there on October 27 (Sunday).
          
         The first test event of the KTSP will take place at the Public Sports Ground on October 27, with around 1 000 invited spectators attending a local football match. With its proximity to the Sung Wong Toi Station of the MTR, it is expected that the majority of the spectators will make use of railway services to access the Public Sports Ground. The MTR Corporation Limited has made preparation for the operation arrangements of the Sung Wong Toi Station and Kai Tak Station earlier.
          
         At the visit today, Mr Yeung also asked the Kai Tak Sports Park Limited (KTSPL) to ensure smooth arrangements for the test event and enhancement measures of the pedestrian facilities and the environment to provide a good experience for visitors.
          
         “The first test event at the Public Sports Ground on October 27 marks a milestone for progressing to the official commissioning of the KTSP. The Government and KTSPL will organise multiple test events and drills. With the concerted efforts of different bureaux and departments, we are confident that the test events and drills will enable us to accumulate invaluable experience for better preparation of the full commissioning of the KTSP,” Mr Yeung said.
          
         As mentioned in “The Chief Executive’s 2024 Policy Address”, the major facilities of the KTSP will be completed by the end of this year. The KTSP, being the largest sports infrastructure project ever commissioned in Hong Kong, will be open in the first quarter of 2025. It will boost sports development and inject impetus into related industries such as recreation, entertainment and tourism, and also mega-event economy.
          
         To ensure smooth operations after its official commissioning, the KTSP will organise a series of test events and drills from end-October to the first quarter of next year. The schedule of test events will dovetail with the construction progress of the facilities in respective venues of the KTSP as well as the readiness of the operator. The test events and drills will begin from the periphery of the KTSP, followed by the testing of facilities within the precinct gradually. The number of participants at the test events and drills will also increase incrementally, from 1 000 as a start to around 50 000 participants eventually. It is expected that a total of around 150 000 to 200 000 participants will take part in the test events and drills before the official commissioning of the KTSP.                 

    MIL OSI Asia Pacific News –

    January 24, 2025

  • MIL-OSI Russia: Russian-Kyrgyz negotiations

    Translation. Region: Russian Federation –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    From the transcript:

    M. Mishustin: Dear Akylbek Usenbekovich! Dear colleagues!

    Mikhail Mishustin with the Chairman of the Cabinet of Ministers of Kyrgyzstan – Head of the Administration of the President of Kyrgyzstan Akylbek Japarov

    October 21, 2024

    Mikhail Mishustin with the Chairman of the Cabinet of Ministers of Kyrgyzstan – Head of the Administration of the President of Kyrgyzstan Akylbek Japarov

    October 21, 2024

    Chairman of the Cabinet of Ministers of Kyrgyzstan – Head of the Administration of the President of Kyrgyzstan Akylbek Japarov

    October 21, 2024

    Mikhail Mishustin at Russian-Kyrgyz negotiations

    October 21, 2024

    Russian-Kyrgyz negotiations

    October 21, 2024

    Russian-Kyrgyz negotiations

    October 21, 2024

    Russian-Kyrgyz negotiations

    October 21, 2024

    Signing of documents following Russian-Kyrgyz negotiations

    October 21, 2024

    Signing of documents following Russian-Kyrgyz negotiations

    October 21, 2024

    Previous news Next news

    Mikhail Mishustin with the Chairman of the Cabinet of Ministers of Kyrgyzstan – Head of the Administration of the President of Kyrgyzstan Akylbek Japarov

    I am pleased to welcome you all to the Government of the Russian Federation. Your official visit is timed to coincide with the celebration of the centenary of the formation of the Kara-Kyrgyz Autonomous Region and the opening of the Days of Kyrgyz Culture in Russia.

    We, as you know, highly value our relations with Kyrgyzstan – our ally and strategic partner.

    The presidents of our countries are in constant contact. There is an intensive dialogue at all levels. This year, the respected Sadyr Nurgozhoevich Japarov has already visited the Russian Federation three times. And we, of course, are waiting for him at the BRICS summit events in Kazan this week.

    You and I, dear Akylbek Usenbekovich, also maintain regular communication. We work along the lines of the Eurasian Economic Union, the Commonwealth of Independent States. Just last week we participated together in the SCO summit in Pakistan, in Islamabad.

    Our Intergovernmental Russian-Kyrgyz Commission on Trade, Economic, Scientific, Technical and Humanitarian Cooperation, headed by Alexey Logvinovich Overchuk on the Russian side, is also working successfully. It is very pleasant that you are personally involved in all issues. Its latest meeting was held in July, simultaneously with the Russian-Kyrgyz Interregional Conference.

    Russia and Kyrgyzstan have great potential for increasing cooperation. First of all – we also discussed this with you – in the financial sector, industry, agriculture, energy, transport, and also in the field of digital technologies. And we just talked about this in detail today, dear Akylbek Usenbekovich.

    Our trade cooperation is developing at a good pace. In the first eight months of this year, trade turnover has grown by 16%. The share of the ruble in mutual settlements has reached almost 90%. And we, of course, would like to maintain this trend in order to ensure stable and predictable conditions for doing business.

    Our country makes a significant contribution to strengthening the energy security of your republic. At the St. Petersburg Economic Forum in June, long-term contracts were signed for the supply of Russian natural gas to the northern and southern regions of your country.

    The creation of a low-power nuclear power plant based on a Russian project and the construction of solar power plants are also being discussed. An industrial cluster for the production of components necessary for such modules is also being formed.

    Of course, our cooperation is not limited to the economic agenda.

    We pay special attention to humanitarian ties. This is the foundation for strengthening friendly, good-neighborly and truly fraternal relations between our peoples.

    At the end of August, the Kyrgyz-Russian Fair of Innovative Solutions in Education was held. More than 150 representatives of leading Russian institutions in this area took part in it. It was possible to discuss in detail the mechanisms for developing scientific and technical creativity of schoolchildren, the specifics of working with talented children.

    Kyrgyz youth are interested, which pleases us, in studying in Russia. About 16 thousand Kyrgyz students study in our country. Other popular projects are also being implemented.

    We have an extensive bilateral agenda. I am ready to discuss all the issues that exist today.

    It is with pleasure that I give you the floor, dear Akylbek Usenbekovich.

    Please.

    A. Zhaparov: Dear Mikhail Vladimirovich! Dear colleagues and friends!

    To be continued…

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

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

    http://government.ru/nevs/53063/

    MIL OSI Russia News –

    January 24, 2025
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