Nyxoah Publiera ses Résultats Financiers du Quatrième Trimestre et de l’Exercice 2024 le 13 Mars 2025

Nyxoah Publiera ses Résultats Financiers du Quatrième Trimestre et de l’Exercice 2024 le 13 Mars 2025

Mont–Saint–Guibert, Belgique – 10 mars 2025, 22h05 CET / 17h05 ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (« Nyxoah » ou la « Société »), une société de technologie médicale développant des alternatives thérapeutiques révolutionnaires pour l'apnée obstructive du sommeil (AOS) par la neuromodulation, a annoncé aujourd'hui que la Société publiera ses résultats financiers pour le quatrième trimestre et l’exercice 2024 le jeudi 13 mars 2025. Le management de la Société organisera une conférence téléphonique pour discuter ses résultats financiers le même jour, à 13h00 CET / 8h00 ET.

La retransmission de la conférence téléphonique sera accessible sur la page Investor Relations du site web de Nyxoah ou par le biais de ce lien : Nyxoah's Q4 and FY 2024 Earnings Call Webcast. Pour ceux qui n'ont pas l'intention de poser une question au Management, la Société recommande d'écouter la webdiffusion.

Si vous avez l'intention de poser une question, veuillez utiliser le lien suivant : Nyxoah's Q4 and FY 2024 Earnings Call. Après l'inscription, un courriel sera envoyé, comprenant les détails de la connexion et un code d'accès unique à la conférence téléphonique nécessaire pour rejoindre l'appel en direct. Pour s'assurer que vous êtes connecté avant le début de la conférence, la Société suggère de s'inscrire au moins 10 minutes avant le début de l'appel.

Le webcast archivé pourra être réécouté peu après la clôture de la conférence.

À propos de Nyxoah
Nyxoah réinvente le sommeil pour le milliard de personnes qui souffrent d'apnée obstructive du sommeil (AOS). Nous sommes une société de technologie médicale qui développe des alternatives de traitement révolutionnaires pour l'AOS grâce à la neuromodulation. Notre première innovation est Genio®, un dispositif de neuromodulation hypoglosse sans pile, inséré par une simple incision sous le menton et contrôlé par un dispositif portable. Grâce à notre engagement en faveur de l'innovation et des preuves cliniques, nous avons obtenu les meilleurs résultats de sa catégorie en matière de réduction du fardeau du SAOS.

Suite à l'achèvement réussi de l'étude BLAST OSA, le système Genio® a reçu son marquage CE européen en 2019. Nyxoah a réalisé deux introductions en bourse réussies : sur Euronext Bruxelles en septembre 2020 et sur le NASDAQ en juillet 2021. Suite aux résultats positifs de l'étude BETTER SLEEP, Nyxoah a reçu l'approbation du marquage CE pour l'élargissement de ses indications thérapeutiques aux patients atteints d'effondrement concentrique complet (CCC), actuellement contre–indiqués dans la thérapie des concurrents. En outre, la société a annoncé les résultats positifs de l'étude pivot DREAM IDE en vue de l'approbation de la FDA et de la commercialisation aux États–Unis.

Pour plus d'informations, veuillez consulter le rapport annuel de la société pour l'exercice 2023 et visiter le site http://www.nyxoah.com/.

Attention – Marquage CE depuis 2019. Dispositif expérimental aux États–Unis. Limité par la loi fédérale américaine à un usage expérimental aux États–Unis.

DÉCLARATIONS PROSPECTIVES

Certaines déclarations, croyances et opinions contenues dans le présent communiqué de presse sont de nature prospective et reflètent les attentes actuelles de la société ou, le cas échéant, des administrateurs ou de la direction de la société concernant le système Genio®, les études cliniques prévues et en cours sur le système Genio®, les avantages potentiels du système Genio®, les objectifs de Nyxoah concernant le développement, la voie réglementaire et l'utilisation potentielle du système Genio®, l'utilité des données cliniques pour l'obtention éventuelle de l'approbation de la FDA pour le système Genio®, et la communication des données de l'essai pivot DREAM de Nyxoah aux États–Unis, l'obtention de l'approbation de la FDA, l'entrée sur le marché américain et la clôture anticipée et l'utilisation du produit de l'offre. De par leur nature, les déclarations prospectives impliquent un certain nombre de risques, d'incertitudes, d'hypothèses et d'autres facteurs susceptibles d'entraîner une différence matérielle entre les résultats ou événements réels et ceux exprimés ou sous–entendus dans les déclarations prospectives. Ces risques, incertitudes, hypothèses et facteurs pourraient avoir une incidence négative sur les résultats et les effets financiers des plans et des événements décrits dans le présent document. En outre, ces risques et incertitudes comprennent, sans s'y limiter, les risques et incertitudes énoncés dans la section « Facteurs de risque “ du rapport annuel de la Société sur le formulaire 20–F pour l'exercice clos le 31 décembre 2023, déposé auprès de la Securities and Exchange Commission (” SEC ») le 20 mars 2024, et des rapports ultérieurs que la société dépose auprès de la SEC. Une multitude de facteurs, y compris, mais sans s'y limiter, les changements dans la demande, la concurrence et la technologie, peuvent faire en sorte que les événements, les performances ou les résultats réels diffèrent de manière significative de tout développement anticipé. Les déclarations prospectives contenues dans le présent communiqué de presse concernant des tendances ou des activités passées ne constituent pas des garanties de performances futures et ne doivent pas être considérées comme une déclaration selon laquelle ces tendances ou activités se poursuivront à l'avenir. En outre, même si les résultats ou développements réels sont conformes aux déclarations prospectives contenues dans le présent communiqué de presse, ces résultats ou développements peuvent ne pas être représentatifs des résultats ou développements des périodes futures. Aucune déclaration ou garantie n'est donnée quant à l'exactitude ou à la justesse de ces déclarations prévisionnelles. En conséquence, la Société décline expressément toute obligation ou tout engagement de publier des mises à jour ou des révisions des déclarations prospectives contenues dans le présent communiqué de presse à la suite d'un changement des attentes ou d'un changement des événements, conditions, hypothèses ou circonstances sur lesquels ces déclarations prospectives sont basées, sauf si la loi ou la réglementation l'exige expressément. Ni la Société, ni ses conseillers ou représentants, ni aucune de ses filiales, ni les dirigeants ou employés de ces personnes ne garantissent que les hypothèses sous–jacentes à ces déclarations prospectives sont exemptes d'erreurs et n'acceptent aucune responsabilité quant à l'exactitude future des déclarations prospectives contenues dans ce communiqué de presse ou quant à la survenance effective des développements prévus. Vous ne devriez pas accorder une confiance excessive aux déclarations prospectives, qui ne sont valables qu'à la date du présent communiqué de presse.

Contacts :

Nyxoah
John Landry, Chief Financial Officer 
[email protected]

For Media
In United States
FINN Partners – Fern Lazar
[email protected]

In Belgium/France
Backstage Communication – Gunther De Backer
[email protected]

In International/Germany
MC Services – Anne Hennecke
nyxoah@mc–services.eu

Pièce jointe


GLOBENEWSWIRE (Distribution ID 1001052990)

Nyxoah to Release Fourth Quarter and Financial Year 2024 Financial Results on March 13, 2025

Nyxoah to Release Fourth Quarter and Financial Year 2024 Financial Results on March 13, 2025

Mont–Saint–Guibert, Belgium – Monday, March 10, 2025, 10:05pm CET / 5:05pm ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), that develops breakthrough treatment alternatives for Obstructive Sleep Apnea (OSA) through neuromodulation, today announced that the Company will release financial results for the fourth quarter and financial year 2024 on Thursday, March 13, 2025. Company management will host a conference call to discuss financial results that day beginning 1:00pm CET / 8:00am ET.

A webcast of the call will be accessible via the Investor Relations page of the Nyxoah website or through this link: Nyxoah's Q4 and FY 2024 Earnings Call Webcast. For those not planning to ask a question of management, the Company recommends listening via the webcast.

If you plan to ask a question, please use the following link: Nyxoah's Q4 and FY 2024 Earnings Call. After registering, an email will be sent, including dial–in details and a unique conference call access code required to join the live call. To ensure you are connected prior to the beginning of the call, the Company suggests registering a minimum of 10 minutes before the start of the call.

The archived webcast will be available for replay shortly after the close of the call.

About Nyxoah
Nyxoah is reinventing sleep for the billion people that suffer from obstructive sleep apnea (OSA). We are a medical technology company that develops breakthrough treatment alternatives for OSA through neuromodulation. Our first innovation is Genio®, a battery–free hypoglossal neuromodulation device that is inserted through a single incision under the chin and controlled by a wearable. Through our commitment to innovation and clinical evidence, we have shown best–in–class outcomes for reducing OSA burden.

Following the successful completion of the BLAST OSA study, the Genio® system received its European CE Mark in 2019. Nyxoah completed two successful IPOs: on Euronext Brussels in September 2020 and NASDAQ in July 2021. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors’ therapy. Additionally, the Company announced positive outcomes from the DREAM IDE pivotal study for FDA and U.S. commercialization approval.

Caution – CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

FORWARD–LOOKING STATEMENTS

Certain statements, beliefs and opinions in this press release are forward–looking, which reflect the Company's or, as appropriate, the Company directors' or managements' current expectations regarding the Genio® system; planned and ongoing clinical studies of the Genio® system; the potential advantages of the Genio® system; Nyxoah’s goals with respect to the development, regulatory pathway and potential use of the Genio® system; the utility of clinical data in potentially obtaining FDA approval of the Genio® system; receipt of FDA approval; entrance to the U.S. By their nature, forward–looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward– looking statements. These risks, uncertainties, assumptions and factors could adversely affect the outcome and financial effects of the plans and events described herein. Additionally, these risks and uncertainties include, but are not limited to, the risks and uncertainties set forth in the “Risk Factors” section of the Company’s Annual Report on Form 20–F for the year ended December 31, 2023, filed with the Securities and Exchange Commission (“SEC”) on March 20, 2024, and subsequent reports that the Company files with the SEC. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. In addition, even if actual results or developments are consistent with the forward–looking statements contained in this press release, those results or developments may not be indicative of results or developments in future periods. No representations and warranties are made as to the accuracy or fairness of such forward–looking statements. As a result, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward–looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward–looking statements are based, except if specifically required to do so by law or regulation. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person's officers or employees guarantees that the assumptions underlying such forward–looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward–looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward–looking statements, which speak only as of the date of this press release.

Contacts:

Nyxoah
John Landry, Chief Financial Officer 
[email protected]

For Media
In United States
FINN Partners – Fern Lazar
[email protected]

In Belgium/France
Backstage Communication – Gunther De Backer [email protected]

In International/Germany
MC Services – Anne Hennecke nyxoah@mc–services.eu

Attachment


GLOBENEWSWIRE (Distribution ID 1001052990)

African enterprises gearing up for partnerships with Hainan Free Trade Port

HAIKOU, China, March 10, 2025 (GLOBE NEWSWIRE) — Recently, a delegation from the Hainan Provincial Committee of the China Council for the Promotion of International Trade (CCPIT) visited South Africa, Ethiopia, and Egypt to promote cooperation between Hainan and Africa in various fields. The heads of many African governments and enterprises demonstrated their high expectations in free trade and wish to join hands with the province.

Hainan Provincial Committee of the CCPIT

A Media Snippet accompanying this announcement is available by clicking on this link.

At the Hainan Free Trade Port Promotion and Exchange Meetings held in Johannesburg, South Africa and Cairo, Egypt, the port's unique resources and great potential impressed political and business representatives. Ning Hongwen, president of the Hainan Provincial Committee of the CCPIT, introduced the port and its policies, negotiated the establishment of a bilateral industrial and commercial cooperation mechanism, and encouraged locals to embrace business opportunities in Hainan.

“The achievements of the Hainan Free Trade Port are remarkable, and we look forward to visiting Hainan to further unlock its potential,” Mr. Jacob Mamabolo, MEC of Gauteng province in South Africa, said during the talks.

Mr. Mohamed Bensdik (PHD), Minister Plenipotentiary of the League of Arab States (LAS) for Asian Affairs and Secretariat of the China–Arab States Cooperation Forum (CASCF), said that the Arab–China Business Conference, one of the most successful cooperation mechanisms of CASCF, celebrates the 20th anniversary this year. The LAS Secretariat will mobilize the business community of various countries to participate in the 11th Arab–China Business Conference & the 9th Investment Symposium in Hainan.

During this visit, the delegation also visited the investment promotion agencies, financial institutions, industrial parks, and business associations, reached consensus on supporting African stakeholders to utilize the Hainan Free Trade Port policy to open up the Chinese market, and signed six intended deals, covering finance, logistics, medicine, etc.

According to an official at the Hainan Provincial Committee of the CCPIT, Hainan is willing to leverage its policy and resource advantages as China's largest free trade port to help African enterprises thrive.

Source: Hainan Provincial Committee of the CCPIT


GLOBENEWSWIRE (Distribution ID 9391856)

Amazon Music, DistroKid Face Major Lawsuit for Unpaid Royalties, Shadowbanning

NEW YORK, March 10, 2025 (GLOBE NEWSWIRE) — Marc Mysterio is an award–winning musician and multi–faceted celebrity who was tapped by IBA Boxing to compete for its vacant championship vs. Jake Paul and collaborated with a who’s–who–according to Billboard–including: Flo Rida, Crash Test Dummies, David Guetta, Avicii, Samantha Fox, and Netflix’ Trailer Park Boys.

As a philanthropist, Marc has supported the One Fund Boston in support of terrorist victims(marathon), and WBC Cares, the charity arm of WBC Boxing.

As a celebrity, he’s covered by: TMZ, Billboard, BBC, ESPN, Irish Star, CBS, Daily Mail (UK), Fox News, and followed on X by NY Post Page 6 and Radar Online.

From September 1st 2023–August 31st, 2024, Marc received 80,000,000+ streams on Amazon Music resulting in US Billboard Hot Dance/Electronic Chart (“The Dancefloor”) and scores of Amazon Top Songs Chart appearances.

However, now Marc is suing Amazon and DistroKid alleging that he wasn’t properly compensated for these streams and Fans have been receiving a “streaming error” since September 10th, 2024 when attempting to stream his music and/or request it via Alexa due to “Shadow–Banning.”

Shadow–Banning is the practice of blocking/partially blocking live content so that the ban is not readily apparent to the artist.

“We filed this lawsuit to make sure that Marc Mysterio gets the fruits of his labor as one of the top performers on Amazon Music in 2024, and injunctive relief to end the shadow–ban. Shadow–banning successful artists is an unfair tactic and it allows Amazon, by throttling streams of a song, to interfere with Amazon/Billboard Charts thereby tortiously manipulating the music–business at the expense of creators–IT MUST END!” notes Marc’s Attorney, Michael H. Joseph of Law Office of Michael H. Joseph, PLLC of New York who filed the case in US District Court For The Southern District of New York (Case No. 1:25–cv–01705).

Furthermore, the shadowban has also extended to music distributed–to Amazon–by UnitedMasters according to an email from UnitedMasters Support, with VP of Music, David Melhado, in cc:
“I am currently in the US, and I'm having the same issue with streaming your music. I've followed up with Amazon a few times, and am still not hearing back. I'm touching base with our higher–ups to see if we have any further operational contacts we can reach out to.”

Marc Mysterio posted screenshot evidence in support of his claims to his X Account @marc_mysterio directly from his Amazon Music Artists’ Account, for media, including: 1,250,000+ fans/followers, 80,000,000+ streams 15,000,000 unique listeners in 2024, 45,000 Alexa requests in August, Amazon and Billboard Chartings and more.

“DistroKid was paid to distribute Marc’s music and remit 100% of royalties received, whilst Amazon charged Marc’s Fans to stream his music. Defendants need to account royalties due, as well as compensate future losses proximated from the shadow–ban. These losses are already in the millions and will increase by trial date.” Joseph concludes.

Marc Mysterio:
x.com/marc_mysterio

Press–Photo:
https://www.dropbox.com/scl/fi/azq61qdhe3rm9rfsnsmyg/Marc–Mysterio.jpg?rlkey=26mng6mkcs8ffrkrap5hp0wqv&e=1&dl=0

Press–Mentions:
https://www.tmz.com/people/marc–mysterio/
https://radaronline.com/exclusives/2013/06/brandy–flo–rida–dj–sued–brags–spending–settlement–teams–up–ex/
https://www.billboard.com/music/chart–beat/travis–kelce–jason–kelce–billboard–charts–debut–1235502120/
https://www.the–express.com/sport/boxing/124448/jake–paul–st–patricks–day–fight–irish

Source:
Law Office of Michael H. Joseph
18 West 33rd Street/Suite–400
New York, NY 10001
Tel: +1.212.858.0503
[email protected]

Marc Mysterio Streams, Listeners, Alexa Requests on Amazon from Amazon Music For Artists Account
http://ml–eu.globenewswire.com/Resource/Download/90b360e0–fbb3–49f0–aceb–487fcbe83249

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6bb0652d–f74e–4e88–b03f–5390fde0325d


GLOBENEWSWIRE (Distribution ID 1001052743)

Falcon Adds Embraer and Bombardier Private Jets to Its Fleet

DUBAI, United Arab Emirates, March 10, 2025 (GLOBE NEWSWIRE) — Falcon has today unveiled that it will be adding Embraer Legacy 650 and Bombardier Challenger 850 private jets to its growing fleet.

Mr. Sultan Rashit Abdulla Rashit Al Shene, Founder & Chairman of Alex Group Investments, the parent company of Falcon, said: “We are topping up our multi–million dollar investment in the Falcon private jet fleet with the aim to introduce cutting–edge cabin products on more of our aircraft, demonstrating a clear commitment to elevating the customer experience with a best–in–class suite of products across every aircraft type. The addition of more aircraft  fitted with our newest generation seats, updated cabin finishings and a contemporary colour palette also marks a significant step in ensuring more customers can consistently experience our premium private aviation products across a more modern and flexible fleet.”

Embraer's Legacy 650 is the workhorse of executive aviation, offering comfort for 14 passengers spread across three cabin zones and travelling for up to 7,200km.

Bombardier Challenger 850 is the largest super–midsize business jet that was built by Bombardier Aerospace. Built for maximum comfort and speed, the private jet features superior cabin volume, enhancing executive comfort and productivity. It can carry up to 14 passengers in superior comfort for up to 5,200km.

Destined to become the leading private jet operator in the Middle East, Falcon aims to have a fleet of more than 50 modern private jets by late 2026.

About Falcon

Falcon is a premier aviation service provider, dedicated to delivering unparalleled luxury, safety, and convenience across all facets of private aviation. It comprises four brands: Falcon Luxe is a fleet of modern private jets available for global charter; Falcon Elite is an international network of luxurious private terminals (FBOs), Falcon Technic offers a full suite of MRO services; Falcon Flight Support ensures that every flight is seamless. From intuitive technology to discreet, anticipatory service, we obsess over the details, so you don't have to. Discover more at flyfalcon.com, Instagram and LinkedIn.

Media Inquiries

Oleg Kafarov
Group Director – Brand Marketing
Alex Group Investment
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c7aefc30–206a–4c60–8387–ed957df6fa32


GLOBENEWSWIRE (Distribution ID 1001052840)

Siddis of India—a Unique Community Moves Into the Mainstream With Tourist Venture

Lingadbael homestay dining hall with its doorway decorated with an illustration of crawling ants, which are ground to make the traditional “saavli” chutney. Credit: Rina Mukheerji/IPS

Lingadbael homestay dining hall with its doorway decorated with an illustration of crawling ants, which are ground to make the traditional “saavli” chutney. Credit: Rina Mukheerji/IPS

By Rina Mukherji
LINGADBAEL VILLAGE, Karnataka, India, Mar 10 2025 – The Siddi community, descendants of slaves from Africa, is now becoming more involved with mainstream enterprises, including a forest homestay venture—which is changing their fortunes after years of discrimination on the Indian subcontinent where they were originally enslaved.

In the 15th century, when the Portuguese arrived on the western coast of India, they brought with them several thousand slaves from the southeastern coast of Africa. These slaves, possibly hailing from African language-speaking tribes, were initially brought to the Portuguese colonies of Goa, Daman and Diu and were then sold to local Indian rulers at a profit.

Much later, around the early 19th century, once slavery was declared illegal, the slaves were released by the Portuguese. Some, as per local lore, also managed to escape the clutches of their cruel masters. But even when released, such was the fear of the barbarity they had been subjected to that they feared recapture. Hence, they fled into the forested tracts of the present-day Indian state of Karnataka, bordering Goa. Other African slaves settled down in the forested tracts of Gir, near Junagadh in Gujarat, after the Portuguese had sold them to nawabs in the western Indian state of Gujarat.

The Portuguese were not the first to introduce African slaves into India. The first African slaves were brought from Abyssinia (present-day Ethiopia) by the Turco-Afghan Muslim invaders in the 11th century when they conquered India. Hence, African slaves came to be called Habshi (from the Urdu term Habsh—meaning Abyssinia). Known to be excellent soldiers, some rose to become generals and petty officers—this gave rise to the term Siddi (African governor). Nevertheless, the majority of these slaves remained poor and exploited, looking forward to freedom.

Distinctly different in their looks, the Siddis of Karnataka continued to live in fear for centuries, despite escaping enslavement from their erstwhile Portuguese masters. Hence, they confined themselves to dwellings in the dense forests, living as hunter-gatherers. This was where they were ‘discovered’ by Gowdas (and revenue officials of the local rulers). Impressed by their physical strength, local officials employed Siddis as farm labor. The skills Siddis acquired in agriculture made them give up hunting and start farming small patches in the forest. But limited familiarity with the outside world and lack of literacy often saw them cheated of their wages or wrested off their farms by upper-caste landowners.

Siddi-run homestay at Lingadbael using mud-brick architecture. Credit: Rina Mukherji/IPS

Siddi-run homestay at Lingadbael using mud-brick architecture. Credit: Rina Mukherji/IPS

Although Indian independence brought government schools to nearly every village, Siddi children would often be forced out of schools due to racist slurs and ridicule. Socially, they were placed below the lowest untouchables in India’s caste hierarchy, resulting in the community shying from interaction. Things started looking up for the Siddis only after 2003, when they were given the status of a scheduled tribe, entitling them to several benefits, including quotas in education and employment. India’s 2006 Forest Rights Act, too, empowered them as a forest-dwelling tribe to gather and sell non-timber forest produce, such as honey, wax, and cane. During the monsoon months, when farm employment is lacking, the Department of Social Welfare gives every Siddi family dry food hampers.

Siddi Culture, Religious Beliefs and Skills

The Siddis have no memories of their original African homeland. However, they are talented musicians and dancers and have a great sense of rhythm. Gagged and bound and dumped into sailing vessels, the only object from their homeland that the Siddis carried along was the Dammami, which they continue to play to this day. The Dammami is a drum made out of a log of wood, covered with animal skin. Originally fashioned out of wood and the skin of wild animals, the Dammami is now made out of wood from the Nandi (Spathodea or African tulip tree) or Rumda (cluster fig tree), with one end covered with a patch of sheep skin and the other with goat skin. The Dammami is a necessary accompaniment to the songs sung at every Siddi feast.

Whichever part of India the Siddis settled in, they assimilated and adopted local customs and religious beliefs. Gujarat Siddis have adopted clothing styles prevalent in Gujarat, while the Siddis of Karnataka are dressed like the people of Karnataka. The Siddis of Junagadh in Gujarat, who used to serve Muslim rulers, are Muslim, while those in Karnataka are generally Hindus, with a few Christians and a smaller number of Muslims. However, all Siddis, irrespective of religion, revere Siddi Baba. The shrine of Siddi Baba, in Ankola, attracts Siddis from all parts of Karnataka during an annual feast dedicated to the deity. Worship of the deity is conducted by a mirashi, or priest, who follows rituals modeled on Hindu practices and is a local patriarch. Sanu Siddi, who works as a forest guard in Lindabael, for instance, is a mirashi, who is an expert in Siddi oral history, despite being unlettered.

Siddis in Karnataka use Siddi bhasha (Siddi language—a mix of the local Goan Konkani, Marathi, and Urdu, with a few Kannada words). The influence of Goan food and language is strongly evident in their cuisine, with a typical Siddi meal comprising rice, amti (a sweet-sour syrup using a local fruit), cocum and coconut-flavored curries, meat, bananas, and mango. Drinks like kashayam (a warm milk-based drink) and cocum sherbet, common to coastal Maharashtra and Goa, are part of Siddi cuisine and are indicative of Siddi history. Remnants of their erstwhile hunter-gatherer skills define the Siddis; they are skilled at gathering honey and wax and are good at beekeeping. Several species of plants and their leaves are used to make fritters, cooling drinks, and heal afflictions.

Siddi community that runs the Damami homestay. Credit: Damini

Siddi community that runs the Damami homestay. Credit: Damami.in

In the ‘80s, a nationwide talent hunt by the Sports Authority of India (SAI) in remote regions of the country picked up and nurtured some talents from the community and got them trained to represent India in athletics, given their naturally athletic strength and build.

Notwithstanding the community continuing to depend on farm labor, literacy levels have risen with government schools being set up all over Idagundi gram panchayat and Yellapur taluka—this has enabled some Siddis to progress into more remunerative professions, such as acting in movies, teaching, and business, notwithstanding the discrimination they face.

Homestay Venture: A New Beginning

Of late, the National Rural Livelihoods Mission (NRLM) has set up homestays in Lingadbael village, owned and managed by Siddi women through their Nisarga Sparsha Self-Help Group (SHG). The venture was long in the making, though, as NRLM District Officer Nagraj Kalmane revealed to me.

“We were working among the Siddis, organizing them into self-help groups, and preparing them for livelihoods over the last decade.” To start this venture, NRLM joined hands with Suyatri, a Bangalore-based social enterprise, and Nirmiti Kendra, a government organization, to build the homestay cottages.

The venture was named Damami, after the unique drum whose notes spell the last vestige and only link of the Siddis to their lost African homeland. Even so, persuading the Siddis to take the idea up was not easy.

“The Siddis feared that running this homestay would undermine their culture,” Uttara Kanara Zilla Parishad’s Chief Executive Officer (CEO) Ishwar Prasad Kandoo tells IPS.

This meant interacting with the Siddi community using the offices of the Gram Panchayat (Village Self-Governing Body) and the local Siddi Member of the Legislative Assembly (MLA), meeting and reaching out to Siddis in the Gram Sabha (Village Council) for months, before the community saw the advantages of the project.

“Since they work at the grassroots level, Suyatri was particularly useful as a bridge between the administration and the community,” Kandoo tells me. But once they were convinced, things were easy. Manjunath Siddi, who now works as a local guide to visitors at the homestay, came forth to part with some family land for the cottages to be built on and was instrumental in getting other members of his community to collaborate in the venture.

To start with, the Siddis were trained in basic housekeeping, carpentry, and electrical work to maintain the homestays by Suyatri. “We took them to Wynad in Kerala, where we run a homestay with women from the local community. They were taught the basics of hygiene and how to serve food to visitors,” Sumesh Mangalassery of Suyatri tells IPS. Of course, some were more receptive than others. For instance, Hema Hari Siddi, who served in Bengaluru and Mumbai in restaurants, took to the training effortlessly, unlike many of her counterparts.

The homestays, which opened to the public in May 2024, use traditional mud-brick architecture that the Siddis specialize in and comprise spacious rooms with tiled roofs and modern amenities. The cottages were hand-illustrated with Siddi folklore by Siddi women using limestone chalk.

Jevan Mane (dining hall in Siddi Bhasha) has its doorway decorated with an illustration of crawling ants, which are ground to make the traditional “saavli” chutney, a sauce made of crushed ants, ginger, onions, and garlic.

“It protects us from colds and builds our immunity,” say Hema Hari Siddi and compatriot Savita Ravi Siddi. The women are happy earning Rs 600 (USD 6.89) per day at the homestay, which is around twice the amount they made as farm labor.

Being a forest village in the interior and off the highway, Lingadbael is an attractive retreat away from the bustle of city life. NRLM’s collaborative tie-up with the Forest Department to conduct hikes along forest trails and marketing through Suyatri has already ensured a warm response from research scholars and students keen to study the Siddi community.

But being tucked away from urban centers has its disadvantages too. For one, electricity is erratic, and there is no mobile network. Every time the electricity goes off, the Wi-Fi connection is gone too. Neither is there any reliable transport to Lingadbael. Hence, visitors must rely on private transport to and from Hubli or Yellapur towns.

“We are planning to explore using solar power for uninterrupted electricity,” Rajmane tells me. There are also plans to build a modest platform to serve as a stage for the Siddi music and dance performances visitors enjoy here.

The Zilla Parishad (District Administration) is already in talks with Karnataka Tourism to include Lingadbael homestay as part of a tourist circuit. Talks are also on with private players to obtain tourist vehicles under their Corporate Social Responsibility (CSR) initiatives.

“We are in talks with forest officials and the Eco-tourism Development Board to promote Lingadbael as an ideal site for birdwatching and star-gazing, given its greenery, clear skies, and tranquil environs,” says Kandoo. Once the homestay catches on, the Zilla Parishad plans to open a Sanjeevani Mart counter wherein woodcraft, pickles, and handicrafts can be sold to visitors to help the Siddi community earn some additional income.

For a community that has remained in the margins for so long, the homestay venture in picturesque Lingadbael, with its gushing waterfalls and gurgling streams, holds the promise of opening up a window to the wider world.

IPS UN Bureau Report

 


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VIVUS Launches QSYMIA® in the United Arab Emirates

 –  A new path in weight management is now available

–  UAE is the first country in the Middle East to have QSYMIA® available

–  Rising obesity rates cost UAE nearly $12 billion annually

CAMPBELL, Calif., March 10, 2025 (GLOBE NEWSWIRE) — VIVUS LLC, a biopharmaceutical company committed to the development and commercialization of innovative therapies that focus on advancing treatments for patients with serious unmet medical needs, announced the market approval of QSYMIA® (phentermine and topiramate extended–release capsules) CIV in the United Arab Emirates (UAE) for treatment of overweight and obesity in adults and pediatric patients, age 12 and older. The UAE is the first country in the Middle East region to approve QSYMIA and have it available in market. This marks an important milestone for patients challenged by obesity and the physicians who treat them.

VIVUS, in collaboration with PharmaAccess, its marketing partner in the Middle East North African (MENA) region, intends to provide healthcare providers with more treatment options to combat this epidemic in line with the UAE vision to address obesity. Alphamed Drug Store is the exclusive distributor of QSYMIA in the UAE.

“VIVUS remains steadfast in its mission to tackle the obesity crisis head–on,” said John Amos, Chief Executive Officer at VIVUS LLC. “With the availability of QSYMIA in the UAE, we're not only expanding treatment access but also reaffirming our commitment to advancing patient care on a global scale. We are enthusiastic about our continued progress in combatting this urgent public health concern, making a meaningful impact in communities worldwide.”

The World Obesity Federation estimates that by 2035, approximately 7.5 million adults, children, and adolescents in the UAE will be overweight or living with obesity. This statistic underscores the severity of the obesity challenge in the UAE, revealing potential detrimental effects on the health of affected individuals and the nation's economy, now and in the foreseeable future.

“By providing access to QSYMIA, the UAE can make a difference in the lives of those impacted by obesity, addressing the challenges of this multifaceted condition and mitigating its economic repercussions,” said Santosh T. Varghese, MD, President VIVUS Global Pharmaceutical Development and Chief Medical Officer at VIVUS LLC. “At VIVUS, our mission is to provide patients worldwide with a sustainable path to lasting weight management. This milestone marks a significant step forward in advancing those efforts.”

Obesity is forecasted to affect one billion individuals globally by 2030, nearly double that in 2020. In response to the substantial health and economic burdens of the obesity epidemic, VIVUS is expanding access to QSYMIA to patients in multiple European countries, which will be sold under the trade name QSIVA® (phentermine and topiramate modified–release). VIVUS plans to provide access to QSYMIA to over one billion individuals worldwide by the end of 2025.

QSYMIA, in combination with a reduced–calorie diet and exercise, has been proven to help adults and children ages 12 – 17 lose weight and maintain the loss. It is indicated for long–term use.

About VIVUS
VIVUS is a biopharmaceutical company committed to the development and commercialization of innovative therapies that focus on advancing treatments for patients with serious unmet medical needs. For more information about the Company, please visit http://www.vivus.com.

About PharmaAccess
PharmaAccess partners with pharmaceutical and biotech companies that are willing to enter the GCC market and be positioned among the top–performing companies in the region. It offers its partners fully integrated solutions by executing a range of commercial functions.

About QSYMIA
QSYMIA is indicated in combination with a reduced–calorie diet and increased physical activity to reduce excess body weight and maintain weight reduction long term in adults and pediatric patients aged 12 years and older with obesity, and in adults with overweight in the presence of at least one weight–related comorbid condition.

The effect of QSYMIA on cardiovascular morbidity and mortality has not been established. The safety and effectiveness of QSYMIA in combination with other products intended for weight loss, including prescription drugs, over–the–counter drugs, and herbal preparations, have not been established.

For more information on QSYMIA, please visit https://QSYMIA.com/

About QSIVA
QSIVA (the European brand name for QSYMIA) is approved in Sweden, Denmark, Finland, Iceland, Norway, and Poland. QSIVA is indicated as an adjunct to a reduced–calorie diet and increased physical activity for chronic weight management in adults with an initial body mass index (BMI) of 30 kg/m2 or greater (obese) or 27 kg/m2 or greater (overweight) in the presence of at least one weight–related medical condition such as high blood pressure, type 2 diabetes, or high cholesterol. The effect of QSIVA on cardiovascular morbidity and mortality has not been established. The safety and effectiveness of QSIVA in combination with other products intended for weight loss, including prescription and over–the–counter drugs and herbal preparations, have not been established. For more information on QSIVA, please visit www.QSIVA.eu.

Important Safety Information for QSYMIA
Do not take QSYMIA if you are pregnant, planning to become pregnant, or become pregnant during QSYMIA treatment; have glaucoma; have thyroid problems (hyperthyroidism); are taking certain medicines called monoamine oxidase inhibitors (MAOIs) or have taken MAOIs in the past 14 days; are allergic to topiramate, sympathomimetic amines such as phentermine, or any of the ingredients in QSYMIA.

Common side effects of QSYMIA in adults include numbness or tingling in the hands, arms, feet, or face (paraesthesia), dizziness, changes in the way foods taste or loss of taste (dysgeusia), trouble sleeping (insomnia), constipation, and dry mouth. Common side effects of QSYMIA in children aged 12 years and older include depression, dizziness, joint pain, fever, flu, and ankle sprain.

QSYMIA can cause serious side effects, including birth defects (cleft lip/cleft palate), increases in heart rate, visual field defects (independent of elevated intraocular pressure), suicidal thoughts or actions, serious eye problems, and severe rash with blisters and peeling skin. QSYMIA may slow the increase in height in children 12 years and older.

Important Safety Information for QSIVA
QSIVA (phentermine and topiramate modified–release) hard capsules is contraindicated in pregnancy and in women of childbearing potential who are not using effective methods of contraception; in patients with glaucoma; in hyperthyroidism; in patients receiving treatment or within 14 days following treatment with monoamine oxidase inhibitors; or in patients with hypersensitivity to sympathomimetic amines, topiramate, or any of the inactive ingredients in QSIVA.

QSIVA can cause fetal harm. It is recommended that patients who can become pregnant obtain a negative pregnancy test result before starting QSIVA treatment, perform monthly pregnancy testing, and use effective contraception while taking QSIVA. If a patient becomes pregnant while taking QSIVA, treatment should be discontinued immediately, and the patient should be informed of the potential hazard to the fetus.

The most common adverse reactions in adults are paraesthesia, dizziness, an altered or impaired sense of taste, insomnia, constipation, and dry mouth.

Forward–Looking Statements

Important Information and Cautionary Note Regarding Forward–Looking Statements

Certain statements in this press release are forward–looking within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and/or covered by the “Bespeaks Caution” doctrine applied by the courts under the antifraud provisions of the federal securities laws, and other applicable provisions of the federal securities laws. Such forward–looking statements are based on current expectations, management’s beliefs and certain assumptions made by the Company’s management. These statements may be identified by the use of forward–looking words such as “will,” “shall,” “may,” “believe,” “expect,” “forecast,” “intend,” “anticipate,” “predict,” “should,” “plan,” “likely,” “opportunity,” “estimated,” and “potential,” and/or the negative use of these words or other similar words. All forward–looking statements included in this document are based on our current expectations, and the Company assumes no obligation to update any such forward–looking statements except to the extent otherwise required by law.

Forward–looking information about QSYMIA, including its potential benefits, approvals in potential markets outside the U.S. and anticipated product availability, involve substantial risks and uncertainties that could cause actual results to dier materially from those expressed or implied in this press release. Risks and uncertainties include, among other things, the uncertainties inherent in research and development, including the ability to meet anticipated clinical endpoints, commencement and/or completion dates for our clinical trials, regulatory submission dates, regulatory approval dates and/or launch dates, as well as the possibility of unfavorable new clinical data and further analyses of existing clinical data; the risk that clinical trial data are subject to diering interpretations and assessments by regulatory authorities; whether regulatory authorities will be satisfied with the design of and results from our clinical studies; whether and when drug applications may be filed in any other markets or approved, whether QSYMIA will be commercially successful; decisions by regulatory authorities impacting labeling, manufacturing processes, safety and/or other matters that could aect the availability or commercial potential of QSYMIA; uncertainties regarding the impact of COVID–19 on our business, operations, and financial results; and competitive developments.

The above factors, risks and uncertainties are difficult to predict, contain uncertainties that may materially affect actual results and may be beyond the Company’s control. New factors, risks and uncertainties emerge from time to time, and it is not possible for management to predict all such factors, risks and uncertainties. Although the Company believes that the assumptions underlying the forward–looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore any of these statements may prove to be inaccurate. In light of the significant uncertainties inherent in the forward–looking statements included herein, the inclusion of such information should not be regarded as a representation or warranty by the Company or any other person that the Company’s objectives and plans will be achieved. These forward–looking statements speak only as of the date such statements were made or any earlier date indicated, and the Company does not undertake any obligation to update or revise any forward–looking statements, whether as a result of new information, future events, changes in underlying assumptions or otherwise, unless otherwise required by law.

Contacts

VIVUS LLC
T: +1 (650) 934–5200

Media – FINN Partners
Glenn Silver
[email protected] 
T: +1 973–818–8198


GLOBENEWSWIRE (Distribution ID 9391483)

A Cash Crisis Forces UN to Re-Figure its Budget and Freeze Staff Hiring

The Secretariat building in New York City, where staff of the UN Secretariat carry out the day-to-day work of the UN. Credit: UN Photo/Manuel Elías

By Thalif Deen
UNITED NATIONS, Mar 10 2025 – Faced with an impending cash crisis primarily due to non-payment of dues by the US and over 100 other member states– along with threats of a US withdrawal from the world body– there were widespread rumors the United Nations was re-costing and reducing its approved budget for 2025 while deciding to freeze hiring new staffers.

The United States currently pays about 22% of the United Nations’ regular budget and 27% of the peacekeeping budget. As of now, the United States owes $1.5 billion to the UN’s regular budget. And, between the regular budget, the peacekeeping budget, and international tribunals, the total amount the US owes is $2.8 billion.

The threat against the UN has been reinforced following a move by several Republican lawmakers who have submitted a bill on the U.S. exit from the U.N., claiming that the organization does not align with the Trump administration’s “America First” agenda.

Ian Richards, a former President of the Coordinating Committee of International Staff Unions and Associations and an economist at the Geneva-based UN Conference on Trade and Development (UNCTAD), told IPS the rumors are true.

As of last Monday, he said, there was a hiring freeze in the UN Secretariat declared by the Controller. Departments such as UNCTAD, which typically take a year or more to fill positions, are particularly affected, he pointed out.

A memo last week to heads of UN Departments/Offices and Special Political Missions, from Chandramouli Ramanathan, Assistant Secretary-General and Controller, refers to “Managing the 2025 regular budget liquidity crisis”

The memo says “due to recent developments, we have reassessed the liquidity situation, especially the inflow forecasts. To mitigate the risk of defaulting on payments of legal obligations to personnel and vendors, the Secretary-General has directed us to manage the cash outflows more conservatively and to suspend hiring till the situation is clearer, and to ensure that we end the year within our liquidity reserves (in other words, no debts other than the borrowing from the liquidity reserves)”.

Accordingly, he said, it has been decided that “the financial spending ceiling for each entity will be reduced to about 80% of the approved budget including re-costing; and your budget for post and other staff costs will be calculated by taking into account the approved vacancy rates for your entity, re-costing for posts and some elements of other staff costs, and the actual expenditures during November and December last year”.

The financial spending ceiling for each special political mission will also be reduced to about 80% of its approved budget. All hiring for regular budget will be suspended with immediate effect for a minimum of 6 months through the end of August, according to the memo.

As of 5 March 2025, only 72 Member States (out of 193) have paid their regular budget assessments in full.

The top 10 contributors to the UN’s regular budget, based on assessed contributions, are the United States, China, Japan, Germany, France, the United Kingdom, Italy, Canada, Brazil, and Russia.

The regular budget for 2025 is $3.72 billion – around $120 million more than the $3.6 billion figure unveiled by Secretary-General António Guterres in October 2024 – and $130 million greater than the Organization’s 2024 budget. The total budget appropriation for 2025 amounts to $3,717,379,600.

The United States is the largest contributor, assessed at 22% of the regular budget and China the second-largest contributor, assessed at 18.7% of the regular budget.

The US has withdrawn from the UN Human Rights Council (UNHRC), while it has warned that two other UN organizations “deserve renewed scrutiny”– the UN Educational, Scientific, and Cultural Organization (UNESCO) and the UN Relief and Works Agency for Palestine Refugees in the Near East (UNRWA).

Meanwhile, the United States has cut $377 million worth of funding to the UN reproductive and sexual health agency, UNFPA.

“At 7pm on 26 February, UNFPA was informed that nearly all of our grants (48 as of now) with USAID and the US State Department have been terminated,” the UN agency said.

“This decision will have devastating impacts on women and girls and the health and aid workers who serve them in the world’s worst humanitarian crises.”

The USAID grants were designated to provide critical maternal healthcare, protection from violence, rape treatment and other lifesaving care in humanitarian settings.

This includes UNFPA’s work to end maternal death, safely deliver babies and address horrific violence faced by women and girls in places like Gaza, Sudan and Ukraine.

Meanwhile, the Under-Secretary-General for Management Strategy, Policy and Compliance Catherine Pollard has decided that temporary job openings will be allowed during this period provided “there is no increase in the post costs for your entity”. To minimize the risk of running out of cash, it has also been decided to issue allotments in tranches, the memo says.

“If the liquidity situation improves or there is greater certainty about the timing and amounts of collections likely to be received, we will endeavour to release additional allotments as soon as possible. However, please do not count on such additional allotments”.

Nevertheless, if possible, please keep additional spending plans (beyond the 80%) for non-post costs handy in case we are able to release additional funds towards the end of the year.

Such spending must be for activities that can be implemented within a reasonable period, in order to mitigate the negative impact on programme delivery caused by the financial ceiling of 80%. 12.

“We will try our best to maximize the funding that can be made available. My Office is standing by to provide briefings and clarifications as necessary. We will also provide periodic briefings on the financial situation”.

IPS UN Bureau Report

 


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First Vietnam, Then Afghanistan: Is Ukraine Next?

US and Taliban representatives sign the agreement in Doha, Qatar on February 29, 2020. Credit: US Department of State/Wikicommons

By Bashir Mobasher
Mar 10 2025 –  
The ongoing war in Ukraine has raised difficult questions for U.S. foreign policy. With U.S. and Russian leaders engaged in direct talks in Saudi Arabia over the future of the conflict, many are left wondering whether the Ukraine crisis could become another Afghanistan or Vietnam—two conflicts where the U.S. pursued peace talks with its adversaries while sidelining local governments, leading to catastrophic outcomes. Drawing lessons from these past negotiations and the eventual collapse of South Vietnam in 1975 and the Republic regime in Afghanistan in 2021, one cannot help but wonder whether Ukraine could face a similar fate unless the U.S. carefully navigates these talks with a more inclusive approach.

Ukraine’s situation is distinct in many ways from Afghanistan and Vietnam, including the fact that Ukraine is located in Europe, which has a vested interest in its security and sovereignty, and that Ukraine is under a direct invasion by a foreign country and so its leader has broader national support—South Vietnam and Afghan Republic were dealing with proxies. The question, however, is whether these differences set Ukraine off the course that Afghanistan and Vietnam journeyed. Bear in mind that Afghanistan’s war differed from Vietnam’s, as much as Ukraine’s case differed from both. Therefore, what makes the three cases similar is not necessarily their socio-political settings or geopolitics but how peace settlements are handled regarding these countries. Seemingly, the ongoing negotiations on Ukraine are following the same pattern as those that sealed the fate of Vietnam in 1975 and Afghanistan in 2021. These patterns include the following:

    • The absence of the legitimate governments of the negotiated states from the peace talks
    • The rise of a new narrative that delegitimizes local governments as weak, corrupt, and anti-peace, elevating adversaries as reliable negotiating partners.
    • A pledge that the local governments will get their turn in Peace Talks down the road, a promise that did not materialize in at least the two cases of Vietnam and Afghanistan.

These deals usually involve or accompany a swap of prisoners against the wishes of the local government and the end of financial and military support to the same regime. While labeled peace deals, these accords did not prevent local governments’ collapse after the U.S. withdrawal and instead created power vacuums that the adversaries quickly exploited. Could Ukraine, with its sovereignty at stake, face a similar outcome?

Crossed-lateral peace deals: A pattern of excluding the most legitimate stakeholders of peace

These usually bilateral deals can better be termed crossed-lateral peace agreements as they are negotiated and concluded in the absence and defiance of the most legitimate stakeholder. For example, the Paris Peace Accord in 1973 was primarily between the U.S. and North Vietnam, with the South Vietnamese government largely excluded from direct talks. The Nixon administration justified this exclusion under the belief that South Vietnam was the primary obstacle to peace and that bypassing the South Vietnamese government would expedite a resolution. The administration pledged that they would ensure that an intra-Vietnam peace talk would take place. However, the exclusion of South Vietnam from the main accord ultimately contributed to the fall of Saigon in 1975, as the North Vietnamese took control after the U.S. withdrawal.

In Afghanistan, the Doha Peace Agreement in 2020 followed a similar pattern. The U.S. negotiated directly with the Taliban, sidelining the Afghan government in peace talks. The agreement promised a U.S. troop withdrawal in exchange for the Taliban’s commitment to preventing terrorism from Afghan soil. While it was framed as a path to peace, the Afghan government, led by President Ashraf Ghani, was not involved at all. The resulting agreement failed to prevent the collapse of the Afghan government, which fell to the Taliban in 2021, just months after the U.S. withdrawal.

One of the striking aspects of both the Paris Peace Accords and the Doha Peace Agreement was the protest and outright rejection of the peace deals by the local governments of South Vietnam and Afghanistan. South Vietnamese President Nguyễn Văn Thiệu rejected the Paris Peace Accords, feeling that the agreement compromised his government’s position and led to an unfavorable peace. Similarly, in Afghanistan, President Ashraf Ghani was deeply critical of the Doha Peace Agreement for excluding his government and undermining the legitimacy of the Afghan leadership. These protests highlighted how the local governments felt abandoned by the U.S. and viewed the negotiations as leading to unjust compromises that did not consider their legitimate needs. In both cases, U.S. officials accused the local governments of corruption, divisiveness, and incompetence to justify their direct negotiation with the enemy. Sounds familiar?

As the U.S. seeks to negotiate with Russia over Ukraine, it is crucial to note the dangers of accusing the Ukrainian government of incompetence or corruption and bypassing its authority. These accusations further elevate the adversaries’ assertions that the local governments lacked legitimacy from the outset. In both the Vietnam and Afghanistan cases, the local governments were left vulnerable, delegitimized, and unsupported before the onslaught of adversaries who could not care less about the peace deals. Interestingly, after the collapse of the allied power, the administrations blamed the opposition party at home and the sidelined government abroad, absolving themselves of any wrongdoing.

Is Ukraine the next episode in the same drama?

The U.S. and Russia have already begun rounds of talks, with the Ukrainian government sidelined. This dynamic bears some resemblance to the earlier peace talks with North Vietnam and the Taliban, where the U.S. preferred negotiating with adversaries in the absence of a legitimate government.

Will Ukraine be the next episode in this tragic drama? The answer lies in two factors, perhaps. First, is Ukraine psychologically and militarily prepared to continue its struggle without the United States’ support? Second, whether Europe proactively seeks to maintain its vested interest in Ukraine, which increasingly diverges from the U.S., or follows the U.S.’s lead as they did in Vietnam and Afghanistan’s cases.

Ukraine is the doorstep between Russia and Europe, and Russia’s entry—even with a warrant from the U.S.—is an alarm bell to the rest of Europe. Europe was never concerned about the adverse consequences of negotiation deals in Vietnam and Afghanistan. However, they do not seem to have the same feelings toward U.S.-Russia negotiations on Ukraine. The stability of the region is a matter of direct concern to Europe. For Europe, ensuring Ukraine’s sovereignty and territorial integrity is not just a matter of geopolitical interest but crucial to European security. Their recent summit in Paris indicates that.

Other articles by this author:

Exposing the emerging Orientalist narrative for peace and security in Afghanistan: Part II
Exposing the emerging Orientalist narrative for peace and security in Afghanistan: Part I
The unholy alliance of Orientalism, ethnocentrism, misogynism, and terrorism: Understanding Taliban apologism Part I
The unholy alliance of Orientalism, ethnocentrism, misogynism, and terrorism: Understanding Taliban apologism Part II

Dr. Bashir Mobasher teaches at the American University (DC) Department of Sociology, New York University DC, and the American University of Afghanistan Departments of Political Science. Dr. Bashir is the current President of Afghanistan Law and Political Science Association (in Exile). He is an expert in comparative constitutional law, identity politics, and human rights. He has authored, reviewed, and supervised numerous research projects on constitutional law, electoral systems, and identity politics. His recent research projects are centered around decentralization, social justice, and orientalism. Bashir obtained his B.A. (2007) from the School of Law and Political Science at Kabul University and his LLM (2010) and PhD (2017) from the University of Washington School of Law.

This article was issued by the Toda Peace Institute and is being republished from the original with their permission.

Bangladesh Economy: Turning Demographic Challenges into Opportunities

By Anis Chowdhury and Khalid Saifullah
SYDNEY, Mar 10 2025 – Speaking at the recent annual conference of the Bangladesh Administrative Service Association, Chief Adviser Dr Muhammad Yunus has emphasised the need to create opportunities for young people, asserting that Bangladesh’s large population is not a burden but a valuable resource.

A day later, Deputy Commissioners (DCs) proposed the introduction of universal military training for youths, aiming to involve them in the country’s defence efforts.

Of course, this is a political decision, and it requires serious examinations of the proposed programme’s budgetary implications.

We have done some preliminary budget estimates. The good news is that we can introduce the programme progressively over 5-8 years, say beginning with 10% of those turning 18 years as a pilot and then gradually cover the entire cohort of 18-20 years old who are able to serve.

The context – seismic demographic shift

In 50 years since independence, Bangladesh’s population more than doubled from around 70 million (7 crore) to around 174 million (17 crore), turning Bangladesh as one of the most densely populated countries in the world. Despite a rapid fall in fertility, Bangladesh’s population will continue to grow largely due to the momentum effect. UN Population Division projects that Bangladesh’s total population will reach its peak in 2071 with a population of 226 million.

Bangladesh is well into the third phase of demographic transition, having shifted from a high mortality-high fertility regime to a low mortality-low fertility one. As shown in the population pyramid (Figure 1), there is a youth bulge comprising about 28% of the population in the age bracket 15-29.

Figure 1: Bangladesh’s population by age (2024)


Source: UN-DESA, https://www.populationpyramid.net/bangladesh/2024/

The UN projects that by 2030, the proportion of youth in the age bracket 15-29 years will decline to around 25% and by 2050 to around 20%. So, this is our demographic moment that comes only once (see Figure 2).


Source: UN-ESCAP, https://www.population-trends-asiapacific.org/data/BGD

As Professor Yunus stressed, young population is a blessing – a source of strength, energy and vigour. A country with a large number of young people not only has a large pool of work force, but also a large pool of potential future leaders – often referred to as “demographic dividend”.

However, demographic dividend is not prearranged. It is an opportunity provided by the age structural transition. This window of opportunity opens for a population only once. If missed, it may become a “demographic curse”.

A country can “become old before becoming developed” – as we see in the case of Sri Lanka- characterised by a large proportion of elderly population (non-working age) while the nation still struggles with poverty and infrastructure issues. Thus, the country not only has fewer working-age people (i.e., a smaller work force), but also has to support a large number of people in their older age. Such a demographic situation potentially hinders a country’s economic progress and creates challenges for its social welfare systems.

Thus, an increase in the proportion of young people in a country’s population structure can bring a huge dividend provided this raw power is converted into highly skilled human resources, absorbed in productive employment and turned into entrepreneurs.

This can be shown by decomposing the neo-classical production function as follows:
Y/P = Y/SE x SE/E x E/LF x LF/WP x WP/P, where Y = GDP, P = population, E = employment, SE = skilled employment, LF = labour force, WP = working-age population.

Thus, GDP per capita (Y/P) is the product of:

    a) productivity gains due to skilled employment (Y/SE),
    b) proportion of skilled employment (SE/E),
    c) employment rate (E/LF),
    d) labour force participation rate (LF/WP) and
    e) demography, i.e., proportion of working age population (WP/P).

Bangladesh’s demographic dividend may become a mirage. The recent student/youth unrest which began with a demand for quota reform and ultimately toppled the Hasina regime is a clear indication of the economy’s inability to absorb these youthful people in productive employment or turn them into entrepreneurs. The official unemployment figure of about 3-4% based on outdated labour force survey methodology does not reflect the reality.

National service – a feasible urgent solution

Our most critical challenge is preventing demographic curse and reaping demographic dividend. Mandatory national service, comprising some basic defence training, IT and general literacy-numeracy and vocational skills, will not only bring enormous economic benefits, but also prepare the country for disaster management, especially due to climate crisis. It will also act as an effective deterrent against possible threat to our national sovereignty.

Currently, we have around 1.6 crore (15.9 million) youths in the age bracket 20-24 – roughly 87 lakh females and 73 lakh males. Of the youth turning 18 years, about 29 lakh are able to serve, excluding child-bearing females (around 25%) and those with various disabilities.

If 10% of the youth turning 18 years are included in the programme in the first year, and Tk 12,000 per month (equivalent to the current minimum wage) is used for each participant, then 5.8% of the total 2024-25 budget proposed by the fallen regime would been required for defence. This is marginally higher than 5.3% allocated in the proposed 2024-25 budget. This figure rises to 5.9% and 6.2% if training each participant requires Tk15,000 and Tk20,000, respectively.

The above rough and ready estimates assume no change in the exiting allocation for other defence expenses. Nor does the exercise consider efficiency gains.

Obviously, budgeting cannot be done in isolation. The first place to find money is reallocation as required by reprioritisation. It should be mentioned here that the fallen regime in its last budget proposed for 2024-25 in June 2024, increased defence budget by 11% over the revised defence budget for 2023–24. Therefore, this has to be examined seriously; the priorities of the ‘new Bangladesh’ cannot be the same as the fallen regime’s.

Money can also come from the savings that might result in other sectors, e.g., education as there will be reduced pressure to expand post- secondary education. If necessary, the costs of such programmes have to be shared through higher taxes for the sake of securing a prosperous future of this country.

Empowering the youth

Training and skill development through mandatory national service is just one element in the supply side of the equation. The pool of available talent needs to be empowered and deployed to yield demographic dividend. Otherwise, it will be wasted and may even turn into a disruptive force.

Our most critical challenge is preventing demographic curse. Not only we have to reap demographic dividend, but also ensure what is referred to in the literature as ‘second demographic dividend’. While the ‘first demographic dividend’ due to the rise in the proportion of working-age population is transitory, the ‘second demographic dividend’ can be perpetual.

For this to happen countries need to invest in skill upgrading, support entrepreneurial initiatives and innovative/flexible work environment to allow working even in older age and asset accumulation by workers.

Especially, given the advancement in technology, and particularly Artificial Intelligence (AI), we urgently need to rethink skill development for our youth. Many university degrees may soon become obsolete because the skills they offer are prone to automation.

Ironically, many blue-collar, hands-on jobs are likely to survive because they require mental and motor skills humans have developed over millennia and are really difficult to automate. We consider them low-skill because we take those skills for granted. On the other hand, jobs which require high-level critical thinking will also survive. We need urgent actions to prevent our youth from falling into the “middle”.

Act now

Professor Yunus has rightly understood the key message of youth revolt that the youth should be placed at the heart of strategies as they are committed to creating a new world which is inclusive, fair and just. Therefore, it is logical that his government initiates the measures when the aspirations of the revolution are still fresh in the minds.

Anis Chowdhury, Emeritus Professor, Western Sydney University (Australia); held senior UN positions at Bangkok & New York in economic & social affairs

Khalid Saifullah, Statistician with years of experience working in international organisations

This opinion editorial was first published in New Age (24 Feb. 2025), Dhaka, Bangladesh

IPS UN Bureau

 


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