Blog

  • Amarnath Yatra suspended due to heavy rainfall forecast; no batch allowed today

    Source: Government of India

    Source: Government of India (4)

    As a precautionary measure to ensure the safety of pilgrims, authorities on Thursday suspended the Amarnath Yatra following a forecast of heavy rainfall along the route. No movement of Yatris was allowed from Jammu to Kashmir Valley and also from the two base camps – Baltal and Pahalgam – towards the holy cave shrine.

    Officials said, “Due to an adverse weather advisory predicting heavy rain along the Yatra route from Jammu to the Valley, as well as from the twin base camps to the holy cave shrine, no movement of Yatris will be permitted today.”

    The Meteorological Department (MeT) has forecast widespread light to moderate rainfall in Kashmir and heavy to very heavy rain in the Jammu division over the next 24 hours.

    Since the Yatra commenced on July 3, more than 2.37 lakh pilgrims have had ‘darshan’ at the sacred cave shrine.

    Chief Minister Omar Abdullah said that, given the overwhelming response and enthusiasm of the devotees, this year’s Amarnath Yatra is likely to surpass the expected figure of 3.5 lakh pilgrims.

    The Amarnath Yatra will conclude on August 9.

    (With inputs from IANS)

  • MIL-OSI Analysis: From coal to crops: Dayak women lead a just transition through backyard farming

    Source: The Conversation – Indonesia – By Aidy Halimanjaya, Associate lecturer, Universitas Katolik Parahyangan

    The global shift toward renewable energy is no longer a choice but a necessity: the climate crisis intensifies, with 2024 confirmed as the warmest year on record.

    Yet in Indonesia, coal remains an economic lifeline for several regions. In East Kutai, East Kalimantan, coal mining accounts for nearly 75% of the district’s gross regional domestic product (GRDP).

    The end of the coal mining era will come at a cost to local residents, many of whom risk losing their current jobs — especially after their traditional forest-based livelihoods have already been eroded by environmental degradation tied to fossil fuel extraction.

    Aulia, 31, a Dayak women from East Kutai, admitted:

    We’re heavily dependent on mining—it’s the only thing that gives us a substantial income.

    Yet, amid this dilemma, indigenous Dayak women are unfolding a quiet revolution.

    By growing food crops in their backyards, these women not only generate income but also demonstrate that sustainable agriculture can align with local traditions. Their initiative is an inspiration, especially for communities near mining sites seeking alternative sources of income.

    Mining’s hidden toll on women and indigenous communities

    While coal fuels East Kalimantan’s economy, its benefits are unevenly distributed. In 2024, Kutai Kartanegara and East Kutai regencies were ranked first and third among the province’s poorest regions.

    Instead of prosperity, many residents face environmental degradation and the loss of traditional livelihoods (land-based livelihood). This is especially true for women, who are often marginalised in decision-making and excluded from the mining sector.

    Since the forest was converted into a mining pit, the indigenous Dayak Basap community, which once relied on the forest for its livelihood, has lost its traditional living space and been forced to adapt to survive.

    Many men have turned to mining, while women have sought other ways to support their families: some teach, others run small businesses, and many now grow chillies, spinach, and watercress in their backyards.

    From backyards to resistance: A community’s fight for survival

    With the changing economic landscape, Basap Dayak women are turning to their yards as a source of alternative income. There, they grow food crops that yield quick harvests, are in high demand, and may influence local inflation — such as chillies. Spinach and watercress are also among the popular choices.

    This shift is driven by a 2024 pilot project from Just Transition Indonesia and Parahyangan University, supported by Energi Muda, a local NGO focused on energy transition issues.

    On a 700-square-metre plot, local residents have learned to blend traditional farming with modern permaculture techniques, including composting and crop rotation. Permaculture is a holistic approach to agriculture and land management that mimics patterns found in surrounding natural ecosystems. Local youth are also engaged as community mobilisers to support the post-coal transition.

    The results are promising. With agricultural science and technological support from the startup HARA, Dayak Basap women have overcome challenges such as acidic soil and water pollution caused by mining. Through seed cultivation, their crop yields have even outperformed those of conventional farming methods previously tested.

    They’ve also learned to sell their harvests directly to consumers — such as restaurants and cracker producers — cutting out middlemen and increasing their bargaining power. This combination of traditional knowledge and modern innovation is not only enhancing community capacity but also delivering tangible economic benefits.

    When innovation meets tradition: Overcoming barriers

    However, the journey is far from easy. Formerly mined land takes a long time to recover. Acidic soil and water contaminated with heavy metals pose serious challenges, while limited access to tools and fertilisers remains a significant barrier. In some cases, communities must purchase pre-grown seedlings to speed up the planting process.

    This chilli planting program has been very good. It’s just that the condition of the land was inadequate and hard to improve. If there’s a chance, maybe we can try farming that lasts more than just one season—Indigenous Dayak women.

    Furthermore, the transition from shifting cropping to a long-term management system requires ongoing training. This kind of adaptation certainly cannot be achieved overnight and requires intensive mentoring.

    A just transition must be grassroots-led

    Initiatives like these offer valuable lessons.

    First, the energy transition must involve local communities—especially women—from the outset.

    Second, collective, community-based approaches have proven more sustainable than top-down programmes, which often fail to address real needs on the ground.

    Third, policy support must be directed toward grassroots initiatives like this. The focus should not only be on meeting transition targets, but also on ensuring social and ecological justice.

    In the global context, Indonesia has expressed its commitment through the Paris Agreement and the Just Energy Transition Partnership (JETP). However, this commitment must be grounded in the lived experiences of communities, particularly indigenous women and those directly impacted by extractive industries.

    A just energy transition requires gradual steps, targeted programme support, inclusive partnerships, and genuine commitment from all stakeholders.

    The story of the Dayak Basap women is more than one of resilience—it is a roadmap for a just energy transition. Their success proves that economic diversification is possible, even in coal-dependent regions. But that success hinges on the quality of support: whether it truly meets community needs and is led by strong local leadership.

    Aidy Halimanjaya terafiliasi sebagai pendiri dan direktur Yayasan Transisi berkeadilan Indonesia. Ia menerima dana dari Bank Indonesia melalui Universitas Parahyangan.

    ref. From coal to crops: Dayak women lead a just transition through backyard farming – https://theconversation.com/from-coal-to-crops-dayak-women-lead-a-just-transition-through-backyard-farming-260827

    MIL OSI Analysis

  • MIL-OSI New Zealand: Health – ProCare welcomes fast-tracked registration for overseas doctors

    Source: ProCare

    ProCare welcomes the Medical Council’s decision to recognise overseas-trained doctors from Chile, Croatia, and Luxembourg as part of the “Comparable Health System pathway”. Alongside the fast-track registration for GPs from the USA, Canada, and Singapore, this will deliver a much-needed boost to general practices across Aotearoa who are facing a significant GP shortage.

    The decision means ProCare will be better placed to support its primary care network to recruit offshore GPs; further helping to ease workforce pressure and improve access to care for communities.

    Bindi Norwell, Chief Executive at ProCare, says the organisation is ready to support practices to take full advantage of the change.

    “We know our practices are under pressure and this change gives us a practical way to bring in skilled clinicians faster,” says Norwell.

    Under the changes, GPs from the United States, Canada and Singapore will have their registration applications processed within two months, while specialists from countries such as the UK, Ireland and Australia will benefit from a fast-tracked 20-day assessment process. Japan and South Korea were added to the list in February 2025.

    “At ProCare, we are deeply committed to investing in the primary care workforce. We’ve long advocated for practical solutions that support our network and improve health outcomes for our communities. This announcement aligns with that vision.”

    Earlier this month, ProCare became an Immigration NZ Accredited Employer, allowing it to directly support practices with international recruitment and immigration processes.

    “We’re actively investing in solutions for primary care that make a difference,” says Norwell. “Our investment includes tailored support for general practice teams, leadership development, and tools to improve retention and resilience. We’re committed to building a strong, sustainable workforce that delivers better health outcomes for all New Zealanders.”

    ProCare will continue working closely with its network and partners to ensure overseas-trained doctors are welcomed, supported, and integrated into the communities where they’re needed most.

    Learn about ProCare’s Investment in Workforce: https://www.procare.co.nz/about-us/investment-in-workforce/

    About ProCare

    ProCare is a leading healthcare provider that aims to deliver the most progressive, pro-active and equitable health and wellbeing services in Aotearoa. We do this through our clinical support services, mental health and wellness services, virtual/tele health, mobile health, smoking cessation and by taking a population health and equity approach to our mahi. As New Zealand’s largest Primary Health Organisation, we represent a network of general practice teams and healthcare professionals who provide care to more than 830,000 people across Auckland and Northland. These practices serve the largest Pacific and South Asian populations enrolled in general practice and the largest Māori population in Tāmaki Makaurau. For more information go to www.procare.co.nz

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Greenpeace – Government agency warns controversial bill could delay disaster response

    Source: Greenpeace

    As the cleanup begins in flood-hit Tasman, fresh documents reveal a stark warning from Land Information New Zealand (LINZ) that the Regulatory Standards Bill could hinder the country’s ability to respond to climate-related disasters.
    In a briefing obtained by Greenpeace under the Official Information Act, LINZ – the agency responsible for managing Crown land – warned that the Bill may “limit the ability to respond quickly to emerging issues (for example, climate-related or natural disaster issues).”
    Greenpeace has called the advice “yet another nail in the coffin for the doomed Bill”.
    “As families, businesses and farmers in Tasman begin the difficult cleanup after yet another devastating flood, it’s shocking to learn that officials are warning this Bill could make it harder to respond to exactly these kinds of disasters,” says Greenpeace spokesperson Gen Toop.
    LINZ also flagged concerns about the Bill’s impact on critical infrastructure and public works, warning “an overly rigid emphasis on property interests may conflict with broader regulatory objectives, including the Government’s ability to acquire land for infrastructure or public good projects.” This was a concern echoed by the Treasury in its advice on the Bill.
    “The Regulatory Standards Bill is dangerous. It would tie the Government up in new red tape at the very moment when urgent climate action and disaster preparation are needed most,” says Toop
    “The advice is clear. This Bill would make it harder to build the infrastructure we urgently need to decarbonise the economy and prepare for climate disasters – things like flood protection, improved communication links, and renewable energy.”
    LINZ further flagged that the legislation could create new legal barriers to returning land to iwi under the Treaty settlement process, citing concerns raised by the Waitangi Tribunal.
    “These new warnings are yet another nail in the coffin for this doomed Bill. It has attracted blistering criticism from the United Nations, legal experts, health professionals, Māori leaders, environmental groups, and the public service itself.”
    “The Labour and Green parties have committed to repealing the Bill. It simply has no future. The Prime Minister should withdraw National’s support immediately before further time and money is wasted on yet another one of David Seymour’s disastrously unpopular policy ideas.”
    This latest revelation comes as news broke this morning that MBIE had warned the Bill could be much more expensive than previously expected and have a negative impact on economic growth, and just days after news broke that the United Nations has issued a letter to the Government criticising the Bill.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Health – PSA decries closure of specialist mental health facility Segar House

    Source: PSA

    The PSA strongly objects to the decision released today to close Rauaroha – Segar House, a specialised mental health facility based in Auckland for some of New Zealand’s most complex patients.
    “Despite the critical life-saving work done at Segar House, Health New Zealand has today announced its decision to shut this unique, much-needed service,” Public Service Association Te Pūkenga Here Tikanga Mahi national secretary, Fleur Fitzsimons, says.
    “This is terrible news for staff, those who rely on the specialist support offered at Segar House and their loved ones.
    “We’re calling on Health New Zealand and the government to reverse this decision and commit to properly funding Segar House. New Zealanders want – and deserve – public mental healthcare that serves everyone, even and especially those with complex needs.”
    Segar House is a wrap-around service for mental health clients that incorporates several different kinds of therapies. Its emphasis on group work and positive social interaction is designed to help their patients re-integrate smoothly into normal life.
    “The team working at Segar House are devastated, they know this decision will have tragic consequences,” Fitzsimons says.
    “Segar House has supported patients with highly complex health histories, with more than one diagnosed issue, as well as horrific early trauma well for many years. They can only come to Segar House when they’ve already exhausted all other options – it’s the last option for these mental health patients.
    Te Whatu Ora first proposed closing Segar House in April this year, saying the facility was under-utilised.
    In response, staff criticised Te Whatu Ora’s referral rules as overly restrictive.
    After pressure from the clinical team last year, Segar House trialled working with Primary Care Liaison teams to drop the barrier for admission and had good results with an increase in clients getting access to their intensive treatment.
    The PSA is also seeking legal advice following more recent revelations that Te Whatu Ora considered not renewing the Segar House lease last year, months before the closure proposal was tabled.
    The Public Service Association Te Pūkenga Here Tikanga Mahi is Aotearoa New Zealand’s largest trade union, representing and supporting more than 95,000 workers across central government, state-owned enterprises, local councils, health boards and community groups.

    MIL OSI New Zealand News

  • MIL-OSI: Time to Mine Ripple’s XRP, PFMCrypto Announces XRP Cloud Mining Support, Opening New Earning Opportunities

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 17, 2025 (GLOBE NEWSWIRE) — As Ripple’s XRP ecosystem accelerates globally, PFMCrypto proudly launches an innovative leap in decentralized finance: XRP-based smart cloud mining contracts. Now available via web and mobile platforms, these flexible short-term contracts enable users to mine XRP remotely—no equipment, no setup, no technical expertise required. For the first time, everyday users can actively participate in the XRP economy through a seamless, fully integrated platform.

    Visit the PFMCrypto website or download the mobile app to get started today.

    Simple, Smart, and Profitable—XRP Cloud Mining Has Arrived
    Long known for its speed and efficiency in cross-border payments, XRP now steps into the mining arena through PFMCrypto’s latest cloud-based innovation. Users can mine XRP directly, or let the platform’s AI engine optimize returns by switching to the most profitable assets, including BTC, ETH, DOGE, and USDC. Earnings are paid out daily in the crypto of your choice, offering stable returns no matter the market condition.
    Designed for both novice users and experienced investors, PFMCrypto empowers you to generate consistent crypto income from anywhere, at any time.

    Key Features of PFMCrypto’s XRP Cloud Mining Contracts:
    1. Complete XRP Integration – Deposit, buy, mine, and withdraw XRP—all within one ecosystem.
    2. Multi-Coin Mining Support – Mine and earn BTC, ETH, DOGE, USDC, USDT, SOL, LTC, and BCH.
    3. AI-Optimized Profitability – Smart algorithms automatically shift mining resources to top-performing assets.
    4. Fully Remote Mining – No need for mining rigs—accessible anytime via app or browser.
    5. Capital Protection – 100% principal return upon contract maturity helps safeguard your investment.

    Flexible Contracts for Every Budget and Strategy:
    PFMCrypto offers a wide selection of XRP-supported mining contracts, ideal for both short-term testers and long-term planners. Each contract features predictable earnings, clear terms, and built-in capital protection:
    $10 Contract – 1 Day – Earn $0.66 (Free with signup bonus)
    $100 Contract – 2 Days – Earn $3.00 daily + $2 reward
    $500 Contract – 5 Days – Earn $6.15 daily
    $5,000 Contract – 30 Days – Earn $78.50 daily
    $20,000 Contract – 45 Days – Earn $380.00 daily
    Whether you’re just starting out or building a diversified portfolio, PFMCrypto offers low-risk, high-transparency contracts designed to deliver reliable daily earnings in XRP.

    Click here to explore more mining contracts.

    What Makes PFMCrypto’s XRP Mining Unique?
    1. Truly Accessible – No mining rigs, no technical barriers—just sign up and start earning.
    2. XRP-Native Functionality – Manage your entire XRP experience in one unified platform.
    3. Stable Returns with Smart Allocation – The AI engine ensures optimal returns across supported crypto assets.
    4. Multi-Asset Flexibility – Mine XRP or diversify payouts into BTC, ETH, and others—all from a single contract.
    5. Instant Access, Anywhere – Securely mine from your phone or browser, wherever you are in the world.

    Start in 3 Simple Steps:
    1. Sign Up – Create your account and get a $10 welcome bonus
    2. Choose a Contract – Pick from short or long-term options (1 to 60 days)
    3. Start Earning – Monitor your daily returns and withdraw in your preferred crypto

    Start mining XRP now at: https://pfmcrypto.net 
    Or download the PFMCrypto mobile app for iOS and Android.

    Mining XRP for a Smarter Digital Future:
    Since 2018, PFMCrypto has helped millions of users generate passive crypto income through advanced, cloud-based mining systems. With the addition of XRP mining, the platform now combines institutional-grade infrastructure with user-friendly design, opening up new opportunities for retail investors to earn in XRP or diversify into major digital assets—all through one secure, remote solution.
    “XRP has always been fast, scalable, and efficient,” said a PFMCrypto spokesperson. “Now, it’s mineable—safely, remotely, and profitably. We’ve eliminated the barriers so anyone can participate in XRP’s future.”
    Markets fluctuate—but daily mining income stays consistent.

    Join the XRP mining revolution today at: https://pfmcrypto.net

    The MIL Network

  • MIL-OSI: Time to Mine Ripple’s XRP, PFMCrypto Announces XRP Cloud Mining Support, Opening New Earning Opportunities

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 17, 2025 (GLOBE NEWSWIRE) — As Ripple’s XRP ecosystem accelerates globally, PFMCrypto proudly launches an innovative leap in decentralized finance: XRP-based smart cloud mining contracts. Now available via web and mobile platforms, these flexible short-term contracts enable users to mine XRP remotely—no equipment, no setup, no technical expertise required. For the first time, everyday users can actively participate in the XRP economy through a seamless, fully integrated platform.

    Visit the PFMCrypto website or download the mobile app to get started today.

    Simple, Smart, and Profitable—XRP Cloud Mining Has Arrived
    Long known for its speed and efficiency in cross-border payments, XRP now steps into the mining arena through PFMCrypto’s latest cloud-based innovation. Users can mine XRP directly, or let the platform’s AI engine optimize returns by switching to the most profitable assets, including BTC, ETH, DOGE, and USDC. Earnings are paid out daily in the crypto of your choice, offering stable returns no matter the market condition.
    Designed for both novice users and experienced investors, PFMCrypto empowers you to generate consistent crypto income from anywhere, at any time.

    Key Features of PFMCrypto’s XRP Cloud Mining Contracts:
    1. Complete XRP Integration – Deposit, buy, mine, and withdraw XRP—all within one ecosystem.
    2. Multi-Coin Mining Support – Mine and earn BTC, ETH, DOGE, USDC, USDT, SOL, LTC, and BCH.
    3. AI-Optimized Profitability – Smart algorithms automatically shift mining resources to top-performing assets.
    4. Fully Remote Mining – No need for mining rigs—accessible anytime via app or browser.
    5. Capital Protection – 100% principal return upon contract maturity helps safeguard your investment.

    Flexible Contracts for Every Budget and Strategy:
    PFMCrypto offers a wide selection of XRP-supported mining contracts, ideal for both short-term testers and long-term planners. Each contract features predictable earnings, clear terms, and built-in capital protection:
    $10 Contract – 1 Day – Earn $0.66 (Free with signup bonus)
    $100 Contract – 2 Days – Earn $3.00 daily + $2 reward
    $500 Contract – 5 Days – Earn $6.15 daily
    $5,000 Contract – 30 Days – Earn $78.50 daily
    $20,000 Contract – 45 Days – Earn $380.00 daily
    Whether you’re just starting out or building a diversified portfolio, PFMCrypto offers low-risk, high-transparency contracts designed to deliver reliable daily earnings in XRP.

    Click here to explore more mining contracts.

    What Makes PFMCrypto’s XRP Mining Unique?
    1. Truly Accessible – No mining rigs, no technical barriers—just sign up and start earning.
    2. XRP-Native Functionality – Manage your entire XRP experience in one unified platform.
    3. Stable Returns with Smart Allocation – The AI engine ensures optimal returns across supported crypto assets.
    4. Multi-Asset Flexibility – Mine XRP or diversify payouts into BTC, ETH, and others—all from a single contract.
    5. Instant Access, Anywhere – Securely mine from your phone or browser, wherever you are in the world.

    Start in 3 Simple Steps:
    1. Sign Up – Create your account and get a $10 welcome bonus
    2. Choose a Contract – Pick from short or long-term options (1 to 60 days)
    3. Start Earning – Monitor your daily returns and withdraw in your preferred crypto

    Start mining XRP now at: https://pfmcrypto.net 
    Or download the PFMCrypto mobile app for iOS and Android.

    Mining XRP for a Smarter Digital Future:
    Since 2018, PFMCrypto has helped millions of users generate passive crypto income through advanced, cloud-based mining systems. With the addition of XRP mining, the platform now combines institutional-grade infrastructure with user-friendly design, opening up new opportunities for retail investors to earn in XRP or diversify into major digital assets—all through one secure, remote solution.
    “XRP has always been fast, scalable, and efficient,” said a PFMCrypto spokesperson. “Now, it’s mineable—safely, remotely, and profitably. We’ve eliminated the barriers so anyone can participate in XRP’s future.”
    Markets fluctuate—but daily mining income stays consistent.

    Join the XRP mining revolution today at: https://pfmcrypto.net

    The MIL Network

  • MIL-OSI: TGS announces Q2 2025 results

    Source: GlobeNewswire (MIL-OSI)

    Financial highlights:

    • Multi-client revenues impacted by several library data purchases being postponed and low client commitment to ongoing projects
    • Challenging operational conditions for a large contract project and lower than expected JV partner participation for certain multi-client programs negatively affected contract revenues
    • Order inflow of USD 133 million during Q2 2025 – total order backlog of USD 425 million
    • Net cash flow of USD 11 million in Q2 2025, compared to USD -13 million in Q2 2024
    • Maintaining a stable dividend payment of USD 0.155 per share to be paid in Q3 2025
    • Gross operating costs for 2025 expected to be approximately USD 950 million compared to previous guidance of approximately USD 1,000 million – reduction driven by further efficiency gains and vessel scheduling

    “The Q2 2025 results were negatively impacted by several factors. End-of-quarter data licensing came in below expectations, with several data licensing deals being postponed. Further, we encountered challenging operational conditions on one of our streamer projects, negatively impacting revenue recognition. Finally, lower-than-expected partner participation in certain multi-client projects resulted in lower recognition of contract revenues and higher multi-client investments. The guidance for gross operating expenses has been reduced further, as we continue to review our cost base and optimize asset allocation. We are in the process of selling the Ramform Explorer and the Ramform Valiant, and stacking the Ramform Vanguard. Although significant macroeconomic uncertainty and high oil price volatility during Q2 caused our clients to be more cautious in the short term, the long-term need for more exploration remains intact. With falling remaining reserve life, many large E&P companies will face declining production rates unless more reserves are added and brought on stream. As a result, we remain optimistic for the long-term opportunities for TGS,says Kristian Johansen, CEO of TGS

      

    Management presentation

    CEO Kristian Johansen and CFO Sven Børre Larsen will present the results today at 09:00 a.m. CEST. The presentation is webcasted live. Access and registration for webcast attendees are available by copying and pasting the link below into your browser, or use the link on the front page of www.tgs.com:

    https://channel.royalcast.com/landingpage/hegnarmedia/20250717_2/

     A recorded version of the presentation will be available on TGS.com (http://www.tgs.com) after the live event.

    The Q2 2025 earnings release and presentation are available on www.newsweb.no and www.tgs.com.

    For more information, visit TGS.com (http://www.tgs.com) or contact:

     Bård Stenberg

    Vice President IR & Communication

    Tel: +47 992 45 235

    E-mail: investor@tgs.com

    About TGS

    TGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit www.tgs.com (https://www.tgs.com/).

    Forward Looking Statement

    All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict and are based upon assumptions as to future events that may not prove accurate. These factors include volatile market conditions, investment opportunities in new and existing markets, demand for licensing of data within the energy industry, operational challenges, and reliance on a cyclical industry and principal customers. Actual results may differ materially from those expected or projected in the forward- looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.

    Attachments

    The MIL Network

  • MIL-OSI: TGS announces Q2 2025 results

    Source: GlobeNewswire (MIL-OSI)

    Financial highlights:

    • Multi-client revenues impacted by several library data purchases being postponed and low client commitment to ongoing projects
    • Challenging operational conditions for a large contract project and lower than expected JV partner participation for certain multi-client programs negatively affected contract revenues
    • Order inflow of USD 133 million during Q2 2025 – total order backlog of USD 425 million
    • Net cash flow of USD 11 million in Q2 2025, compared to USD -13 million in Q2 2024
    • Maintaining a stable dividend payment of USD 0.155 per share to be paid in Q3 2025
    • Gross operating costs for 2025 expected to be approximately USD 950 million compared to previous guidance of approximately USD 1,000 million – reduction driven by further efficiency gains and vessel scheduling

    “The Q2 2025 results were negatively impacted by several factors. End-of-quarter data licensing came in below expectations, with several data licensing deals being postponed. Further, we encountered challenging operational conditions on one of our streamer projects, negatively impacting revenue recognition. Finally, lower-than-expected partner participation in certain multi-client projects resulted in lower recognition of contract revenues and higher multi-client investments. The guidance for gross operating expenses has been reduced further, as we continue to review our cost base and optimize asset allocation. We are in the process of selling the Ramform Explorer and the Ramform Valiant, and stacking the Ramform Vanguard. Although significant macroeconomic uncertainty and high oil price volatility during Q2 caused our clients to be more cautious in the short term, the long-term need for more exploration remains intact. With falling remaining reserve life, many large E&P companies will face declining production rates unless more reserves are added and brought on stream. As a result, we remain optimistic for the long-term opportunities for TGS,says Kristian Johansen, CEO of TGS

      

    Management presentation

    CEO Kristian Johansen and CFO Sven Børre Larsen will present the results today at 09:00 a.m. CEST. The presentation is webcasted live. Access and registration for webcast attendees are available by copying and pasting the link below into your browser, or use the link on the front page of www.tgs.com:

    https://channel.royalcast.com/landingpage/hegnarmedia/20250717_2/

     A recorded version of the presentation will be available on TGS.com (http://www.tgs.com) after the live event.

    The Q2 2025 earnings release and presentation are available on www.newsweb.no and www.tgs.com.

    For more information, visit TGS.com (http://www.tgs.com) or contact:

     Bård Stenberg

    Vice President IR & Communication

    Tel: +47 992 45 235

    E-mail: investor@tgs.com

    About TGS

    TGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit www.tgs.com (https://www.tgs.com/).

    Forward Looking Statement

    All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict and are based upon assumptions as to future events that may not prove accurate. These factors include volatile market conditions, investment opportunities in new and existing markets, demand for licensing of data within the energy industry, operational challenges, and reliance on a cyclical industry and principal customers. Actual results may differ materially from those expected or projected in the forward- looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.

    Attachments

    The MIL Network

  • MIL-OSI Africa: Israel’s disregard for ICJ rulings undermines global governance, says Dangor

    Source: Government of South Africa

    Israel’s disregard for ICJ rulings undermines global governance, says Dangor

    Israel’s ongoing disregard for the rulings of the International Court of Justice (ICJ) undermines the integrity of the court and weakens the ability of global governance institutions to address impunity, says Zane Dangor, the Director-General of the Department of International Relations and Cooperation (DIRCO).

    Dangor was addressing the Emergency Conference of States, which is aimed at resolving what has been described as the genocide in Gaza. The Emergency Conference, jointly convened by Colombia and South Africa as co-chairs of The Hague Group, seeks to turn international condemnation into coordinated legal and diplomatic action.

    The meeting in Colombia’s capital, Bogotá, took place one year after the General Assembly passed a resolution affirming the ICJ advisory opinion that deemed Israel’s presence in the occupied Palestinian territories “unlawful.“

    “As the humanitarian situation in Gaza continues to deteriorate, we are witnessing continued and urgent calls from United Nations (UN) Member States and the international community for a ceasefire in Gaza. For too long, Israel has blatantly ignored orders from the ICJ in violation of international law.

    “Despite this, the impunity continues unabated,” Dangor said on Tuesday. 

    Dangor stressed that Israel continues with its violence against Palestinians, with forced evacuations and targeted attacks on schools and medical facilities being the order of the day. 

    To stop the bloodshed, the DG called for an immediate ceasefire and negotiations towards a just peace. 

    “A just peace requires justice, and this requires that international law must be respected.” 

    Dangor said the international community cannot claim that the importance of international law, including the UN Charter, applies in some circumstances but not in others.

    “We should not pick and choose which binding orders of the ICJ to abide by and which to set aside or simply ignore.”

    Dangor argued that allowing Israel to disregard court decisions and UN resolutions without repercussions undermines the integrity of international law, including international humanitarian law, as well as the organisations responsible for its enforcement.

    “This is unacceptable, and we should not be complicit in Israel’s endeavours to irreparably harm the institutions that were established to hold all of us accountable to the goals of a more peaceful and just world.” 

    Israel’s unlawful actions, Dangor said, are enabled when some seek to rationalise their actions. 

    “The crime of genocide, war crimes, crimes against humanity and the crime of apartheid are not complex; they are unlawful.

    “It is time to end the institutional impunity that Israel has enjoyed for over five decades.” 

    Dangor said the carnage seen in Palestine today is a testament to the “folly” of Israel’s grand exceptionalism from accountability to international law and norms.

    “As responsible Member States of the United Nations, it is our duty to ensure that the bloodshed and genocide in Gaza are stopped… now as we do not have the luxury of time.

    “The government of Israel must immediately halt the forced displacement of civilians in Gaza, which is causing untold suffering and trauma.” 

    Dangor is of the view that the Israeli government, as the occupying power, must uphold its obligations under international law and guarantee unimpeded access to humanitarian assistance, including healthcare and other essential services in the West Bank and Gaza.

    According to the DG, humanitarian support provided by Member States is regularly obstructed and destroyed by Israeli authorities or is being allowed to be destroyed by right-wing and extreme elements. 

    “We hope that today, we begin a journey wherein states from all regions, including those that were part of the Madrid meeting, join hands to end the ongoing genocide in Palestine and fora more just world.” – SAnews.gov.za

    Gabisile

    MIL OSI Africa

  • MIL-OSI USA: REMARKS: Senator Coons condemns deep cuts to humanitarian and disaster aid in moving speech on Senate floor

    US Senate News:

    Source: United States Senator for Delaware Christopher Coons
    WASHINGTON – U.S. Senator Chris Coons (D-Del.) delivered a floor speech today condemning proposed Republican-led efforts to axe humanitarian and disaster relief funding, and eliminate publicly broadcast emergency alerts for rural communities in the latest budget rescission package. The cuts, totaling approximately $9 billion, or roughly 0.1% of the federal budget, target critical aid programs including the World Food Program, UNICEF, Catholic Relief Services, Save the Children, and disaster response efforts around the globe. During his speech, Senator Coons said the cuts not only undermine America’s values, but they also betray the moral teachings at the heart of our faith traditions.
    “Jesus wept,” Senator Coons began, referencing the Gospel of John. Senator Coons warned that the proposed $9 billion in rescissions, which include drastic reductions to food assistance, refugee aid, and disaster response, would cause similar needless suffering to our most vulnerable. “For God’s justice is swift and sure, and I tremble when I think about the answer this chamber will give today to the question, who is my neighbor? Ladies and gentlemen of the Senate, we should turn aside. We should not, with this act and this vote today, make Jesus weep.”
    Despite the focus of President Trump and his Republican allies in Congress on cutting foreign aid this year, the United States spends less than 1% of its annual budget on foreign assistance. The money feeds starving children, combats epidemics overseas before they reach American shores, helps us strengthen partnerships and alliances, and is critical in helping us outcompete China.
    “I was on a bipartisan trip to the Philippines just a few months ago with Senator Ricketts, and I was struck to learn that the Philippines of all the nations on Earth is the most prone to natural disasters,” Senator Coons continued. “They value our partnership, our alliance. We’ve been security partners for decades. There’s many Filipino-Americans. There’s a close and deep relationship. But in meeting with their national leaders, their elected leaders, their senators and their ministers of their cabinet, they said, you know, it makes an incredible difference here in the Philippines: every time there’s a typhoon, there’s an earthquake, there’s a volcano, it’s the Americans who come. It’s the Americans who deliver the aid, who help us help ourselves with training and equipment and support.”
    Shortly afterward, Senator Coons offered an amendment on the Senate floor to strip out $496 million of the cuts that target international disaster relief.
    A video and transcript of Senator Coons’ remarks are available below.
    WATCH HERE.
    Senator Coons: Jesus wept. Jesus wept. Most of us who grew up in bible-believing households know this is the shortest verse in all of Scripture, and in some ways the most powerful – one that haunts me. Jesus wept in John, the 11th chapter, 35th verse, because he had come too late, seemingly, to save the life of Lazarus. He wept because someone he knew and loved had died, and it had caused such harm and loss to his family. Today we are doing something on this floor of this Senate – my Republican colleagues are doing something on the floor of this Senate – that I believe would make Jesus weep.
    In Luke, there’s a moment in the 10th chapter where a lawyer – and it’s always a lawyer – comes to test Jesus, and trying to justify himself, presses Jesus with questions: “What must I do to gain eternal life?” And Jesus says, “what does the Scripture teach?” He says, “You should love the Lord your God with all your heart, all your soul, and all your mind. And the second commandment is like unto it, you should love your neighbor as yourself.” Jesus says, “you have read well. Do this and you will gain eternal life.” But the lawyer, hoping to be justified says – “but, but, but wait. Who is my neighbor?” And what follows is the well-known parable of the good Samaritan where the righteous, the priestly, the respected, the powerful walk on the other side of the road when they encounter someone who’s been set upon by robbers. Not my problem, not my neighbor. But in the parable of the good Samaritan, it’s this person – a Samaritan from a disfavored ethnicity, someone outside the circle of concern to the ancient Israelites – who does the right thing.
    This parable would have been shocking at the time that it was preached by Jesus. The idea that the “good neighbor” was the outcast – the unexpected – would be something that frankly would have been a surprise. So although today being a ‘good Samaritan’ is a common term, it’s important to know the history. We are taught as children that we are to see all as our neighbors, not just those who live next door, not just those who look like us or speak like us or pray like us, but the widest possible definition of neighbor is what we are called through righteousness to see in the world.
    And what a difference it has made. Because our nation has for decades embraced the cause of being present, of caring, of making lifesaving differences to young mothers and children, to widows and orphans, to the imprisoned, to the hungry, to the refugee, to those fleeing oppression, to those seeking relief from authoritarian governments, for those seeking a better way. We are all God’s children, and from childhood we are taught that the Golden Rule, which appears in virtually every religion – do unto others as you would have them unto to you – is the very foundation of the goodness of America, that we care for each other as neighbors, and we care for the world as neighbors. Yes, we are the most charitable, giving, philanthropic, engaged nation on Earth. And yet all that we do in foreign aid is less than 1% of our total federal budget.
    Months ago, when Elon Musk and DOGE began roaming about the federal agencies of our government, their first target was that that delivers disaster relief, that helps feed the hungry, that helps welcome the refugee, that helps stabilize countries going through turmoil. They laid off thousands. They shut down programs. They canceled billions [of dollars]. And yet, here today we are at it again. Republicans are proposing even deeper cuts.
    I want to talk about one area of the many that will be cut, I fear, later today: disaster assistance. Our nation has been riveted as we’ve watched the tragedy that unfolded in the Texas Hill Country, where a raging river killed dozens and dozens of innocent children. And you know, around the world, when disaster strikes, it is the Americans who show up first. It is Americans who show up with relief, with assistance, with skill and talent and ability.
    It’s been this way for decades and it should be this way still. I was on a bipartisan trip to the Philippines just a few months ago with Senator Ricketts, and I was struck to learn that the Philippines, of all the nations on Earth, is the most prone to natural disasters. They value our partnership, our alliance. We’ve been security partners for decades. There’s many Filipino-Americans. There’s a close and deep relationship. But in meeting with their national leaders, their elected leaders, their senators and their ministers of their cabinet, they said, you know, it makes an incredible difference here in the Philippines: every time there’s a typhoon, there’s an earthquake, there’s a volcano, it’s the Americans who come. It’s the Americans who deliver the aid, who help us help ourselves with training and equipment and support. And you know, in the excess of DOGE’s deep cuts, they fired and laid off most of our experts who are capable of delivering world-class disaster relief.
    We saw the consequences with an earthquake in Myanmar just three months ago, where the few remaining folks who did this work were laid off as they were deployed. And instead, the response was led by the Chinese. We are driving nations into the open arms of our adversaries. We have long been known as a nation that sought to be respected, admired, believed in, embraced, not for the example of our power, but by the power of our example. That when there were dread pandemics killing millions, America showed up. 
    One of the positives of this day is that my Republican colleagues have recoiled from fully shutting down PEPFAR, and that is a positive. One of the best things we’ve ever done as a nation is to save 27 million lives across the world that otherwise would have been lost to HIV and AIDS. But I’ll tell you, when Ebola raged across Africa in 2014, I was the one member of Congress who went to Liberia at the request of the president – a Nobel Peace Prize winner, a brave and proud leader of a nation struggling facing massive losses of life. Projections at the early stages of the Ebola pandemic were that a fifth to a quarter of their population would die in a matter of weeks. And who came to help? The Americans. Catholic Relief Services, Save the Children, CARE, the U.S. military, our public health service. 
    I’ll never forget meeting a young Liberian named Alvin. He dropped out of college to become a physician’s assistant to help when the outbreak began and he in caring for patients himself contracted Ebola – a near certain death sentence. Yet, Alvin was evacuated by Americans to the Ebola treatment center set up and funded and equipped by Americans. And his life was saved by Americans. Whether it was the president of the nation, Ellen Johnson Sirleaf, or Alvin, the folks I met on that trip to Liberia thanked and praised the American people for our decency, our kindness, our seeing them as our neighbor in their moment of deepest struggle, risk, and loss. And yet today – yet today – my colleagues would rather trim one-tenth of 1% of the budget, $9 billion, to cut deeper into food aid and disaster assistance and fighting pandemics, all to justify a tax cut.
    I can think of few more despicable acts on this floor in my 15 years. I can speak to process. We have a bipartisan appropriations process where we can and should debate and consider these further cuts, and put them on the floor, and vote them up. But this is an odd thing. It’s a rescission. It is a cutting back further of money we’ve already appropriated. Just a few minutes later today, I will be trying to get votes to end $465 million of further cuts in disaster assistance that’ll be on the floor today. Taking money from the World Food Program and UNICEF, from Red Cross and Save the Children, from Catholic Relief Services and World Vision. Folks may think at home that this money that goes out to the world is money better spent here, but for the pennies on the federal dollar that we spend responding to disasters around the world, organizations we all know and the majority of us believe in and support, like the Red Cross, World Vision, or Catholic Relief Services are able to appear in time and deliver lifesaving aid. 
    Think about what we are doing. Think about the example we are setting. Think about what we are teaching our children. Open your hearts and eyes and realize what we are about to do. This is a nation of which I am so proud, and yet at times it does things of which I am so ashamed. I cannot imagine the faces in the refugee camps, in the villages, in the clinics, in the schools, in the towns, in the cities around the world, who for years have been used to the idea that when there’s a pandemic, the Americans come; that when there’s an earthquake, the Americans come; that when there is starvation, the Americans come. Today we will vote, “no, we won’t.” We are more interested in ourselves and in a bigger tax cut than we are in saving starving children, people laid low by the devastation of an earthquake, families separated by a typhoon. The best part of this nation – what truly makes us great – is our selfless giving to others. We will be judged by how we act today. For God’s justice is swift and sure, and I tremble when I think about the answer this chamber will give today to the question, who is my neighbor?
    Ladies and gentlemen of the Senate, we should turn aside. We should not, with this act and this vote today, make Jesus weep.

    MIL OSI USA News

  • MIL-OSI USA: Senator Coons’ amendment to save international disaster relief funding blocked by Republicans

    US Senate News:

    Source: United States Senator for Delaware Christopher Coons
    WASHINGTON – U.S. Senator Chris Coons (D-Del.) today introduced an amendment to the Republican rescissions package that would have removed $496 million in cuts to international disaster relief, effectively saving the program. Senator Coons is a member of the Senate Foreign Relations Committee and Ranking Member of the Senate Defense Appropriations Subcommittee.
    Ahead of the vote, Senator Coons spoke on the floor about the urgency of this funding to help us outcompete China, raise our standing in the world, and promote our national security. “This money doesn’t just save lives in countries around the world when they suffer from earthquakes and tornadoes, hurricanes and natural disasters,” he said. “It strengthens our standing, brings us closer to our allies, and helps us compete with China.”
    International disaster assistance funding is a crucial piece of America’s foreign policy toolkit. The account responds to emergency humanitarian situations in over 60 countries and is a crucial component of our competition with China for global influence. For instance, Filipino leaders have cited disaster assistance funding as the key reason why the nation gave the United States access to nine military sites across the country.
    These cuts will also have a major impact on organizations that are household names and carry out much of the disaster response, including Catholic Relief Services, Save the Children, and UNICEF.
    The amendment was narrowly blocked by Republicans, 49-50. U.S. Senators Lisa Murkowski (R-Alaska), Susan Collins (R-Maine), and Mitch McConnell (R-Ky.) voted for the amendment.
    A video and transcript of Senator Coons’ remarks before the amendment vote are below.
    WATCH HERE.
    Senator Coons: Mr. President, it was Ronald Reagan who said “America is great because America is good.” My amendment would restore $496 million of international disaster relief funding by removing it from this rescissions package. This money doesn’t just save lives in countries around the world when they suffer from earthquakes and tornadoes, hurricanes and natural disasters. It strengthens our standing, brings us closer to our allies, and helps us compete with China.
    Two months ago, I visited the Philippines on a bipartisan CODEL and was struck to learn it is the most natural disaster-prone country on earth. Today, they’re giving us access to nine new military sites. They are one of our strongest treaty partners in the region. And why? When I asked their leaders, they said, because America helps respond to disasters.
    $496 million. Point-zero-one percent of the debt Republicans have just added to our nation in the past two weeks. And this money is implemented by Catholic Relief Services, World Vision, the World Food Program –
    Senator Sheehy: The senator’s time is expired.
    Senator Coons: I ask my colleagues to support it.

    MIL OSI USA News

  • Syria’s interim president says protecting Druze a ‘priority’ as Israel bombs defence ministry in Damascus

    Source: Government of India

    Source: Government of India (4)

    Syria’s interim President Ahmed al-Sharaa said on Thursday that protecting Druze citizens and their rights is “our priority”, as Israel vowed to destroy Syrian government forces attacking Druze in southern Syria.

    In his first televised statement after powerful Israeli air strikes on Damascus on Wednesday, Sharaa addressed Druze citizens saying “we reject any attempt to drag you into hands of an external party”.

    “We are not among those who fear the war. We have spent our lives facing challenges and defending our people, but we have put the interests of the Syrians before chaos and destruction,” he said.

    He added that the Syrian people are not afraid of war and are ready to fight if their dignity is threatened.

    Israel’s airstrikes blew up part of Syria’s defence ministry and hit near the presidential palace as it vowed to destroy government forces attacking Druze in southern Syria and demanded they withdraw.

    The attacks marked a significant Israeli escalation against Sharaa’s Islamist-led administration. They came despite his warming ties with the U.S. and his administration’s evolving security contacts with Israel.

    Describing Syria’s new rulers as barely disguised jihadists, Israel has said it will not let them move forces into southern Syria and vowed to shield the area’s Druze community from attack, encouraged by calls from Israel’s own Druze minority.

    The U.S. said the fighting would stop soon.

    “We have engaged all the parties involved in the clashes in Syria. We have agreed on specific steps that will bring this troubling and horrifying situation to an end tonight,” Secretary of State Marco Rubio said on social media.

    The United Nations Security Council will meet on Thursday to address the conflict, diplomats said.

    “The council must condemn the barbaric crimes committed against innocent civilians on Syrian soil,” said Israel’s ambassador to the U.N., Danny Danon. “Israel will continue to act resolutely against any terrorist threat on its borders, anywhere and at any time.”

    WARPLANES OVER DAMASCUS

    The Syrian Network for Human Rights said 169 people had been killed in this week’s violence. Security sources put the toll at 300. 

    Damascus came under a series of massive strikes on Wednesday afternoon. Columns of smoke rose from the area near the defence ministry. A section of the building was destroyed, the ground strewn with rubble.

    An Israeli military official said the entrance to the military headquarters in Damascus was struck, along with a military target near the presidential palace. The official said Syrian forces were not acting to prevent attacks on Druze and were part of the problem.

    “We will not allow southern Syria to become a terror stronghold,” said Eyal Zamir, Israel’s military chief of staff.

    Sharaa faces challenges to stitch Syria back together in the face of deep misgivings from groups that fear Islamist rule. In March, mass killings of members of the Alawite minority exacerbated the mistrust.

    Druze, followers of a religion that is an offshoot of Islam, are spread between Syria, Lebanon and Israel.

    Following calls in Israel to help Druze in Syria, scores of Israeli Druze broke through the border fence on Wednesday, linking up with Druze on the Syrian side, a Reuters witness said.

    Israeli Prime Minister Benjamin Netanyahu said the Israeli military was working to save the Druze and urged Israeli Druze citizens not to cross the border. The Israeli military said it was working to safely return civilians who had crossed.

    Israeli Druze Faez Shkeir said he felt helpless watching the violence in Syria.

    “My family is in Syria – my wife is in Syria, my uncles are from Syria, and my family is in Syria, in Sweida, I don’t like to see them being killed. They kicked them out of their homes, they robbed and burned their houses, but I can’t do anything,” he said.

    (Reuters)

  • MIL-OSI Russia: The President of Ukraine nominated D. Shmyhal for the post of Minister of Defense

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    KYIV, July 17 (Xinhua) — Ukrainian President Volodymyr Zelensky on Wednesday proposed to parliament to appoint former Prime Minister Denys Shmyhal as the new defense minister.

    “Today I have already signed documents to the Verkhovna Rada of Ukraine regarding Denis Shmyhal as the new Minister of Defense,” V. Zelensky said on the Telegram channel.

    If approved by parliament, D. Shmyhal will replace Rustem Umerov in this post.

    V. Zelensky also announced that former Minister for Strategic Industries German Smetanin will head the state defense concern Ukroboronprom.

    Earlier on Wednesday, parliament accepted the resignation of D. Shmyhal, which, in accordance with Ukrainian law, entailed the resignation of the entire government.

    The outgoing cabinet will continue to serve until a new government is formed. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI Russia: China Strengthens Global IP Ties with Over 80 Partners

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 17 (Xinhua) — China has established partnerships with more than 80 countries and regions in the field of intellectual property (IP), Shen Changyu, director of the State Intellectual Property Administration (SIPA), said Thursday.

    The head of the State Administration of Intellectual Property made this statement at a press conference dedicated to China’s achievements in the field of IP during the 14th Five-Year Plan (2021-2025). -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI Australia: Upcoming information session on Pillar Two

    Source: New places to play in Gungahlin

    Calling all multinational entities (MNEs) and tax advisers that may be in scope of the global and domestic minimum tax (Pillar Two).

    Join our Pillar Two information session on Friday 15 August from 11:00 am to 1:00 pm AEST.

    The session will provide an overview of the administrative and system aspects of the implementation of the Pillar Two measure in Australia. It’ll cover stakeholder and international engagement, guidance and system development, the design of the new domestic tax return form, lodgment obligations, key considerations for MNEs and available support.

    Don’t miss out on this opportunity to gain insights from experts and stay informed.

    Register for this sessionExternal Link now to secure a spot, as this session will not be recorded.

    Keep up to date

    Make sure to sign up to our Business bulletins newsletter to keep an eye out for additional future Pillar Two sessions. Read more articles in our online Business bulletins newsroom.

    Subscribe to our free:

    • fortnightly Business bulletins email newsletterExternal Link
    • email notifications about new and updated information on our website – you can choose to receive updates relevant to your situation. Choose the ‘Business and organisations’ category to ensure your subscription includes notifications for more Business bulletins newsroom articles like this one.

    MIL OSI News

  • G20 finance chiefs to meet under tariff cloud in South Africa

    Source: Government of India

    Source: Government of India (4)

    G20 finance chiefs will meet in South Africa on Thursday under the shadow of President Donald Trump’s tariff threats and questions over their ability to tackle global challenges together.

    The club, which came to fore as a forum for international cooperation to combat the global financial crisis, has for years been hobbled by disputes among key players exacerbated by Russia’s war in Ukraine and Western sanctions on Moscow.

    Host South Africa, under its presidency motto “Solidarity, Equality, Sustainability,” has aimed to promote an African agenda, with topics including the high cost of capital and funding for climate change action.

    The G20 aims to coordinate policies but its agreements are non-binding.

    U.S. Treasury Secretary Scott Bessent will not attend the two-day meeting of finance ministers and central bank governors in the coastal city of Durban, marking his second absence from a G20 event in South Africa this year.

    Bessent also skipped February’s Cape Town gathering, where several officials from China, Japan and Canada were also absent, even though Washington is due to assume the G20 rotating presidency at the end of the year.

    Michael Kaplan, U.S. acting undersecretary for international affairs, will represent Washington at the meetings.

    A G20 delegate, who asked not to be named, said Bessent’s absence was not ideal but that the United States was engaging in discussions on trade, the global economy and climate language.

    Finance ministers from India, France and Russia are also set to miss the Durban meeting.

    South Africa’s central bank governor Lesetja Kganyago said that representation was what mattered most.

    “What matters is, is there somebody with a mandate sitting behind the flag and are all countries represented with somebody sitting behind the flag?” Kganyago told Reuters.

    U.S. officials have said little publicly about their plans for the presidency next year, but one source familiar with the plans said Washington would reduce the number of non-financial working groups, and streamline the summit schedule.

    Brad Setser, a former U.S. official now at the Council on Foreign Relations, said he expected it to be “kind of a scaled-back G20 with less expectation of substantive outcomes.”

    ‘TURBULENT TIMES’

    Trump’s tariff policies have torn up the global trade rule book. With baseline levies of 10% on all U.S. imports and targeted rates as high as 50% on steel and aluminium, 25% on autos and potential levies on pharmaceuticals, extra tariffs on more than 20 countries are slated to take effect on August 1.

    His threat to impose further 10% tariffs on BRICS nations — of which eight are G20 members — has raised fears of fragmentation within global forums.

    German finance ministry sources said on Tuesday that the Durban meeting would seek to deepen global relationships in “turbulent times”.

    South Africa’s Treasury Director General Duncan Pieterse said the group nonetheless hoped to issue the first communique under the South African G20 presidency by the end of the meetings.

    The G20 was last able to take a mutually agreed stance to issue a communique in July of 2024, agreeing on the need to resist protectionism but making no mention of Russia’s invasion of Ukraine.

    (Reuters)

  • MIL-OSI USA: SPC Jul 17, 2025 0100 UTC Day 1 Convective Outlook

    Source: US National Oceanic and Atmospheric Administration

     For best viewing experience, please enable browser JavaScript support.

    Jul 17, 2025 0100 UTC Day 1 Convective Outlook

    Updated: Thu Jul 17 00:50:27 UTC 2025 (Print Version |   |  )

    Probabilistic to Categorical Outlook Conversion Table

     Forecast Discussion

    SPC AC 170050

    Day 1 Convective Outlook
    NWS Storm Prediction Center Norman OK
    0750 PM CDT Wed Jul 16 2025

    Valid 170100Z – 171200Z

    …THERE IS A MARGINAL RISK OF SEVERE THUNDERSTORMS FROM EASTERN CO
    TO THE LOWER MO VALLEY…LOWER MI TO THE LOWER OH VALLEY…AND THE
    MID-ATLANTIC…

    …SUMMARY…
    Isolated severe thunderstorms remain possible tonight across eastern
    Colorado to the Lower Missouri Valley. Isolated damaging winds
    remain possible this evening across parts of the Midwest and the
    Mid-Atlantic States.

    …Eastern CO to the Lower MO Valley…
    A trio of rather widely-spaced and recently weakening supercells are
    ongoing across eastern CO to southwest KS. With pronounced MLCIN
    downstream, that will further increase nocturnally, these
    surface-based storms should diminish. Widespread elevated convection
    is expected across northern KS into the Lower MO Valley overnight,
    north of the southward-sagging cold front. Marginal severe hail will
    be possible with initial updrafts before clustering in a largely
    west/east-orientation. Modest effective bulk shear will limit the
    overall threat.

    …Lower MI/Lower OH Valley to the Mid-Atlantic States…
    A generally weakening broken line of convection is ongoing from
    western Lower MI to southern IL. The MI portion has shown some
    recent uptick, closer to the MCV over central Lake MI. Adequate
    deep-layer shear and the recent convective increase may foster a
    sporadic damaging wind threat. But the downstream airmass of weak
    lapse rates and MLCAPE, as sampled by the 00Z DTX/APX soundings,
    will marginalize severe potential tonight.

    Farther east, slow-moving thunderstorms will drift east and/or
    weaken across parts of the Mid-Atlantic States tonight. But pockets
    of moderate buoyancy and modest deep-layer shear could support
    localized damaging winds for a few more hours.

    ..Grams.. 07/17/2025

    CLICK TO GET WUUS01 PTSDY1 PRODUCT

    .html”>Latest Day 2 Outlook/Today’s Outlooks/Forecast Products/Home

    MIL OSI USA News

  • MIL-OSI USA: SPC – No MDs are in effect as of Thu Jul 17 04:02:02 UTC 2025

    Source: US National Oceanic and Atmospheric Administration

    Current Mesoscale DiscussionsUpdated:  Thu Jul 17 04:20:03 UTC 2025 No Mesoscale Discussions are currently in effect.

    Notice:  The responsibility for Heavy Rain Mesoscale Discussions has been transferred to the Weather Prediction Center (WPC) on April 9, 2013. Click here for the Service Change Notice.
    Archived Convective ProductsTo view convective products for a previous day, type in the date you wish to retrieve (e.g. 20040529 for May 29, 2004). Data available since January 1, 2004.

    MIL OSI USA News

  • MIL-OSI USA: SPC – No watches are valid as of Thu Jul 17 04:02:02 UTC 2025

    Source: US National Oceanic and Atmospheric Administration

    Current Convective Watches (View What is a Watch? clip)Updated:  Thu Jul 17 04:20:06 UTC 2025 No watches are currently valid

    Archived Convective ProductsTo view convective products for a previous day, type in the date you wish to retrieve (e.g. 20040529 for May 29, 2004). Data available since January 1, 2004.

    MIL OSI USA News

  • UIDAI steps up efforts to deactivate Aadhaar numbers of deceased individuals, launches new reporting portal

    Source: Government of India

    Source: Government of India (4)

    In a move to curb identity fraud and unauthorised use of Aadhaar numbers, the Unique Identification Authority of India (UIDAI) has initiated a multi-pronged strategy to deactivate Aadhaar numbers of deceased individuals, the Ministry of Electronics & IT said on Wednesday. The effort aims to maintain the accuracy and integrity of the Aadhaar database, which serves as a crucial digital identity platform for residents of India and NRIs.

    Aadhaar, the 12-digit unique identity number issued by UIDAI, is never reassigned once generated. However, if not deactivated after a person’s death, these numbers could be misused. To address this concern, UIDAI has partnered with multiple stakeholders, including state governments, the Registrar General of India (RGI), banks, and other ecosystem partners, to ensure timely and validated deactivation of such Aadhaar numbers.

    As part of its ongoing efforts, UIDAI requested the RGI to share Aadhaar-linked death records through the Civil Registration System (CRS). So far, the RGI has shared approximately 1.55 crore death records from 24 States and Union Territories. After due validation, UIDAI has successfully deactivated about 1.17 crore Aadhaar numbers. For States and UTs not using the CRS, UIDAI has received an additional 6.7 lakh death records, and deactivation is currently in progress.

    Taking a further step toward empowering citizens, UIDAI launched a dedicated service – “Reporting of Death of a Family Member” – on the myAadhaar Portal on June 9, 2025. This digital service currently covers 24 CRS-enabled States/UTs and allows a family member to report the death by submitting the deceased’s Aadhaar number, Death Registration Number, and other demographic details after self-authentication. The submitted data undergoes a thorough validation process before the Aadhaar number is deactivated. Efforts are underway to extend this service to the remaining States and UTs.

    UIDAI is also considering acquiring death records from banks and other Aadhaar ecosystem partners that may maintain such data, adding another layer of information verification.

    In another unique initiative, UIDAI has launched a pilot program with state governments to verify the status of Aadhaar holders aged over 100 years. The demographic details of these individuals are being shared with state authorities to confirm whether they are alive. Based on the feedback, UIDAI will proceed with appropriate validations and deactivate the Aadhaar numbers where necessary.

    UIDAI has urged citizens to report the death of any family member on the myAadhaar Portal after obtaining a valid death certificate from the registering authorities. This, the Authority states, is crucial to prevent misuse of the deceased’s Aadhaar number and to ensure the overall sanctity of the national identity database.

  • MIL-OSI Australia: Serious crash at Kurralta Park

    Source: New South Wales – News

    Police are at the scene of a serious crash at Kurralta Park.

    Just before 1pm today (Thursday 17 July), police and emergency services were called to Anzac Highway near Grassmere Street after reports of a two-car crash.

    Citybound traffic is down to one lane.

    Please avoid the area if possible.

    MIL OSI News

  • MIL-OSI: Lightchain AI Confirms Late July 2025 Mainnet Launch to Advance AI-Powered Blockchain Infrastructure

    Source: GlobeNewswire (MIL-OSI)

    SHREWSBURY, United Kingdom, July 16, 2025 (GLOBE NEWSWIRE) — Lightchain AI has officially announced that its mainnet will go live in late July 2025. This upcoming launch introduces a next-generation decentralized platform purpose-built to execute artificial intelligence tasks across a scalable, transparent, and community-driven blockchain network.

    Lightchain AI’s infrastructure is centered around two key components: the Artificial Intelligence Virtual Machine (AIVM) and the Proof of Intelligence (PoI) consensus mechanism. Together, these features allow participating nodes to process AI model training and inference tasks in real time, rewarding them with native tokens based on verifiable contributions.

    By repurposing blockchain energy use toward useful, privacy-preserving computations, the protocol sets a new precedent for how decentralized networks can support intelligent applications while maintaining sustainability and performance.

    “We’re proud to confirm the late July mainnet launch of Lightchain AI,” said a project spokesperson. “This marks a major milestone toward building a decentralized framework where AI execution is both efficient and secure, and where developers can bring meaningful use cases to life.”

    Key components of the Lightchain AI ecosystem include:

    • Proof of Intelligence (PoI): A new consensus model that verifies and rewards AI-based computations
    • Artificial Intelligence Virtual Machine (AIVM): Executes decentralized AI tasks using federated learning and zero-knowledge proofs
    • Gas Optimization: Dynamically adjusts fees based on task complexity and network activity
    • Developer Resources: APIs, SDKs, and a public GitHub repository (to be released post-launch)
    • Scalability Solutions: Native support for sharding and Layer 2 integrations
    • Incentive Program: $150,000 grant fund to support development of oracles, data tools, and dApps

    Lightchain AI completed 15 presale stages and raised $21.1 million in early participation. A Bonus Round remains active at a fixed price of $0.007, available through the official platform using ETH or USDT.

    Following the mainnet launch, the team will begin onboarding validators and contributors, while continuing to expand technical documentation and community governance resources. The roadmap also includes support for cross-chain integrations, additional performance enhancements, and ecosystem partnerships aimed at increasing adoption across AI and Web3 communities.

    The upcoming launch invites developers, researchers, and early adopters to participate in shaping the future of decentralized AI and explore new applications powered by transparent infrastructure.

    For more details and to join the Bonus Round:

    For more information and ongoing updates, visit:
    https://lightchain.ai
    Whitepaper
    Twitter/X
    Telegram

    Contact:
    SHAJAN SKARIA
    media@lightchain.ai

    Disclaimer: This content is provided by Lightchain AI. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e84d2723-061e-4f7c-9253-2ef3537ee495

    The MIL Network

  • MIL-OSI China: Han-Wei Luoyang Ancient City Site Museum in Henan opens to public

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

    Han-Wei Luoyang Ancient City Site Museum in Henan opens to public

    Updated: July 17, 2025 11:10 Xinhua
    A visitor views an exhibition at the Han-Wei Luoyang Ancient City Site Museum in Luoyang, central China’s Henan Province, July 16, 2025. The museum showcasing over 1,300 sets of cultural relics opened to the public on Wednesday. [Photo/Xinhua]
    A visitor views an exhibition at the Han-Wei Luoyang Ancient City Site Museum in Luoyang, central China’s Henan Province, July 16, 2025. [Photo/Xinhua]
    Visitors view an exhibition at the Han-Wei Luoyang Ancient City Site Museum in Luoyang, central China’s Henan Province, July 16, 2025. [Photo/Xinhua]
    Visitors view an exhibition at the Han-Wei Luoyang Ancient City Site Museum in Luoyang, central China’s Henan Province, July 16, 2025. [Photo/Xinhua]
    A visitor views an exhibition at the Han-Wei Luoyang Ancient City Site Museum in Luoyang, central China’s Henan Province, July 16, 2025. [Photo/Xinhua]
    A visitor views an exhibition at the Han-Wei Luoyang Ancient City Site Museum in Luoyang, central China’s Henan Province, July 16, 2025. [Photo/Xinhua]
    A visitor views an exhibition at the Han-Wei Luoyang Ancient City Site Museum in Luoyang, central China’s Henan Province, July 16, 2025. [Photo/Xinhua]
    A visitor views an exhibition at the Han-Wei Luoyang Ancient City Site Museum in Luoyang, central China’s Henan Province, July 16, 2025. [Photo/Xinhua]
    A visitor views an exhibition at the Han-Wei Luoyang Ancient City Site Museum in Luoyang, central China’s Henan Province, July 16, 2025. [Photo/Xinhua]
    An aerial drone photo taken on July 16, 2025 shows a view of the Han-Wei Luoyang Ancient City Site Museum in Luoyang, central China’s Henan Province. [Photo/Xinhua]

    MIL OSI China News

  • MIL-OSI China: Study book on Xi’s thoughts on ethnic work published in ethnic languages

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

    BEIJING, July 17 — A study book on the thoughts of Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on strengthening and improving ethnic work, has been published in five ethnic minority languages.

    The book, compiled by the United Front Work Department of the CPC Central Committee and the National Ethnic Affairs Commission, was translated into Mongolian, Tibetan, Uygur, Kazakh and Korean.

    The books are available across the country.

    MIL OSI China News

  • MIL-OSI Australia: UPDATE: Youths arrested after alleged assault in Hobart CBD

    Source: New South Wales Community and Justice

    UPDATE: Youths arrested after alleged assault in Hobart CBD

    Thursday, 17 July 2025 – 1:25 pm.

    UPDATE @ 1.30pm July 17: Youths arrested after alleged assault in Hobart CBD
    Police have laid charges against two boys over the alleged assault of a teenage boy in Hobart’s CBD on Wednesday.
    A 14-year-old boy has been charged with aggravated robbery, stealing, destroy property, unlawfully tamper or interfere with a motor vehicle, and bail offences. He has been held for court.
    A 12-year-old boy has been charged with aggravated robbery, common assault, stealing and unlawfully tamper or interfere with a motor vehicle. He has been bailed to appear in the Hobart Youth Justice Division in August.
    The charges stem from an altercation at the grassed area of Mather’s Lane, in Hobart’s central business district, about 2.05pm in which police allege a 14-year-old boy was assaulted and had his iPhone stolen.
    Police have appealed to members of the public who may have witnessed the incident, or the events leading up to it, to come forward.
    A group of up to eight youths was seen leaving the area via Criterion Lane immediately following the alleged assault.
    Anyone with information is urged to contact Tasmania Police on 131 444 or provide information anonymously through Crime Stoppers at 1800 333 000 or online at crimestopperstas.com.au (quote Offence Report 780149).

    MIL OSI News

  • MIL-OSI Australia: Straight from the source – July 2025

    Source: New places to play in Gungahlin

    July marks the beginning of a new financial year – a time for all taxpayers including not-for-profits (NFP) to reset, review, and refocus. It’s also tax time, and with that comes the opportunity to strengthen financial foundations, plan for the year ahead, and ensure your NFP is on track to deliver impact.

    The start of July is also a time of deep cultural significance as we celebrate NAIDOC Week. This year marks 50 years of honouring Aboriginal and Torres Strait Islander peoples, and the theme ‘The Next Generation: Strength, Vision & Legacy’ invites us to reflect on the past, empower the present, and invest in the future. It’s a call to honour the legacy of Elders, uplift young Indigenous leaders, and commit to building a future grounded in respect and inclusion.

    At the opening of NAIDOC Week, I was visiting Rainbow Beach in Cooloola, Queensland, where I respectfully acknowledged the traditional lands of the Butchulla and Kabi Kabi peoples. Wherever I travel across Australia, I make it a point to acknowledge the Traditional Owners and learn about Indigenous history – especially the stories that have been passed down through generations. It’s part of my personal commitment to reconciliation.

    On this trip, I discovered that in December 2019, the Federal Court formally recognised the Butchulla people’s native title rights over land and waters between Rainbow Beach and Burrum Heads. This followed their first determination in 2014, which acknowledged their rights over K’gari (Fraser Island). I also came across the beautiful legend behind Rainbow Beach’s name. According to the Kabi Kabi people, the rainbow-coloured dunes – now heritage-listed – were formed when Yiningie, a spirit represented by a rainbow, plunged into the cliffs after battling an evil tribesman who was pursuing the maiden Murrawar. These stories are powerful reminders of the deep spiritual connection between land and culture.

    As we continue to celebrate NAIDOC Week and every day after, let’s continue to listen, learn, and honour the legacy of Aboriginal and Torres Strait Islander peoples – past, present, and future.

    For not-for-profits, this is a timely reminder to:

    • Recognise the legacy of First Nations Elders and leaders who have paved the way.
    • Support the strength and vision of young Indigenous changemakers.
    • Review your organisation’s role in fostering culturally safe and inclusive spaces.
    • Build partnerships with First Nations organisations that uplift community voices.

    Here are some additional important messages I’d like to share with all NFPs.

    Tax Time 2025: lodge your NFP self-review return today!

    Tax Time 2025 kicked off on 1 July, and the second NFP self-review return is now open for lodgment, and due by 31 October 2025.

    We understand that many NFPs haven’t yet lodged their first return – often due to the time needed to set up access to Online services for business. But don’t wait! You can lodge your return now while completing your digital setup.

    Lodge using our self-help phone service by calling 13 72 26 – have your organisation’s ABN and the reference number from your ATO letter ready when you call.

    If your NFP doesn’t have a letter from us with a reference number, phone us on 13 28 66 to ask us to resend a letter. When you phone us, you’ll have to prove you are authorised to contact us on behalf of your NFP.

    The ATO will support NFPs trying to do the right thing and has suspended penalty application for late lodgment of the 2023–24 NFP self-review return as part of the transitional support arrangements for the sector. 

    However, penalties may apply if you don’t lodge your 2024–25 NFP self-review return by the due date.

    Shaping a strategic roadmap for the NFP sector

    At our upcoming NFP Stewardship Group session, we’ll focus on developing a strategic roadmap to guide tax, superannuation, and registry administration through to 2030 and beyond. This initiative reflects our commitment to building a system that is streamlined, fit for purpose, and aligned with the government’s goal of doubling philanthropy by 2030.

    So far, we’ve engaged a diverse range of stakeholders through targeted interviews to gather insights on common challenges, barriers, and opportunities. Their contributions are helping us shape a roadmap that supports NFPs in meeting their obligations with confidence, while enhancing public trust in the sector.

    The response from the sector has been overwhelmingly positive, with many expressing interest in joining the Stewardship Group and contributing to this important work. These sessions mark the beginning of a collaborative journey, with many opportunities ahead for stakeholders to contribute, test, and validate ideas before any commitments are made.

    Once finalised, the roadmap will outline a coordinated set of projects and activities designed to ensure the sector is well-positioned for long-term sustainability and compliance. We look forward to continuing this work with the broader stakeholder community in the months ahead.

    We continue to receive Deductible Gift Recipient (DGR) applications from NFP organisations that do not meet the open membership requirements under the community sheds category.

    Community sheds are charities whose dominant purpose is to advance mental health and prevent or relieve social isolation. A community shed must be open to the community to join and generally not impose criteria restricting membership based on matters such as age, ethnicity or background. Rejecting an application for arbitrary reasons will not constitute open membership.

    Membership may only be restricted in relation to gender or Indigenous heritage or both.

    To meet the open membership requirement, community sheds must:

    • have a clear policy and process for nominating and approving all new members without exception
    • ensure this process is reflected in their governing rules
    • avoid clauses that allow committee members to reject applicants for unspecified or arbitrary reasons.

    We encourage all applicants to review their governing documents carefully and ensure they align with the ATO’s requirements before submitting a DGR application.

    If you have questions or need support, our advice service on 1300 130 248 is here to help between 8:00 am to 6:00 pm AEST, Monday to Friday.

    Community charities that are already listed in a Ministerial Declaration and have registered as a charity with the Australian Charities and Not-for-profits Commission (ACNC), can now contact us for guidance on how to apply for DGR endorsement. The best way is to call our dedicated NFP Advice Service on 1300 130 248 between 8:00 am and 6:00 pm, Monday to Friday. Alternatively, you can email atoendorsements@ato.gov.au

    Support through Australian disaster relief funds (ADRF)

    In times of disaster, Australians come together to support those in need. An Australian disaster relief fund (ADRF) is a public fund established exclusively to provide financial assistance to individuals and communities affected by officially declared disasters. This includes both immediate aid and long-term support for community recovery.

    You can also make a meaningful impact by donating to established DGRs operating in affected areas. These may include public benevolent institutions (PBIs) and other public assistance organisations that provide similar support in their day-to-day operations. By contributing to trusted organisations, your donation helps deliver timely and effective relief to those who need it most.

    The most recent updates to the list of declared disasters are:

    • Ex-Tropical Cyclone Alfred declared on 1 March 2025
    • Queensland Floods (March 2025) declared on 21 March 2025
    • New South Wales Floods (May 2025) declared on 18 May 2025.

    Details of the declared disasters are available on the Australian Taxation Office website on the list of disasters or by going to www.ato.gov.au and searching for QC 18912.

    Ancillary Funds

    In the lead-up to the end of the financial year, we received a noticeable increase in enquiries to our advice service from ancillary funds.

    A reminder to all private and public ancillary funds – each is governed by its own set of guidelines, which must be followed to ensure compliance.

    Website updates

    You may have noticed that our website content for DGR endorsement has been updated. While the content remains largely unchanged the information has been organised so that it can be accessed more easily, and you will notice that it has been arranged in five tiles that cover:

    1. DGR categories
    2. DGR reforms
    3. Applying for DGR endorsement
    4. Rules and tests for DGR endorsement
    5. Progress of your endorsement application.

    Similarly, all the NFP self-review return information has been reviewed and updated as of 8 July 2025.

    We’re reviewing and rewriting TD 93/190 to update legislative references and clarify the criteria NFP organisations must meet to qualify for an income tax exemption.

    The revised ruling will:

    • reflect current legislation, including all special conditions under Subdivision 50A of the Income Tax Assessment Act 1997
    • explain how ‘community service purposes’ should be interpreted
    • include relevant case law and practical examples of NFP entities that do and do not qualify for the exemption.

    Getting tax ready: your EOFY checklist

    As you can see, there’s a lot happening in July – and it’s never too late to get tax ready! Whether you’re finalising reports or planning ahead, here are some key reminders to help your NFP stay on track:

    • Review your financial records – make sure everything is accurate and up to date.
    • Finalise payroll and superannuation – ensure all obligations are met before deadlines.
    • Prepare your annual reporting – this includes ACNC submissions, any grant acquittals, Ancillary Fund Returns, NFP self-review returns and Income tax lodgments.
    • Acknowledge your donors – send out end-of-year receipts and thank-you messages.
    • Plan for the year ahead – reflect on your impact, set goals, and build a strong foundation.

    Tax time is also a great opportunity to highlight your achievements. Share your impact, thank your supporters, and show how their support and contributions have made a real difference.

    Let’s start the new financial year with clarity, confidence, and purpose.

    Take care and stay safe,

    Jennifer.

    MIL OSI News

  • MIL-OSI: Bitget Joins Ondo’s Global Markets Alliance to Expand Global Access to Over Hundred Tokenized RWAs

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 17, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has officially joined the Global Markets Alliance, a collaborative initiative designed to align industry standards and promote interoperability for tokenized securities by Ondo Finance. This alliance brings together top players across the digital asset ecosystem to accelerate the adoption and accessibility of tokenized real-world assets (RWAs), including tokenized stocks, ETFs, and more.

    As part of this partnership, Bitget users will soon be able to access over 100 tokenized U.S. equities, ETFs, and money market funds, expanding their investment universe beyond traditional crypto assets. The new offerings will go live on Bitget later this summer, aligning with the platform’s vision of enabling users to trade smarter and build diversified, resilient portfolios across varied markets.

    Tokenized RWAs are an emerging segment in digital assets, created by the fusion of traditional finance and blockchain technology. By wrapping real-world assets, like equities, into blockchain-based tokens, they allow for 24/7 trading, lower barriers to entry, fractional ownership, and global accessibility. Features that are often limited or entirely unavailable in traditional financial systems are widely utilized.

    “Tokenization will be the major driver of the next phase of digital asset adoption, its market is projected to reach trillions of dollars in the coming years. Supporting tokenized stocks is a step closer to our goal to help users trade smarter,” said Gracy Chen, CEO at Bitget. “Through our partnership with Ondo and the Global Markets Alliance, we’re contributing to a more global, liquid, accessible, and inclusive financial market.”

    Ondo’s Global Markets Alliance was created to bring together trusted infrastructure partners, exchanges, custodians, and DeFi platforms to unlock borderless access to high-quality financial products. Its mission is to build a more open, inclusive, and interoperable financial system powered by tokenized assets. Founding members of the alliance include industry leaders such as Solana Foundation, LayerZero, Jupiter, Trust Wallet, Rainbow Wallet, BitGo, Fireblocks, 1inch, Alpaca, and now Bitget, among others.

    “Bringing Ondo’s tokenized stocks and ETFs to Bitget will represent a significant step forward in our mission to make global financial markets accessible onchain. Bitget’s expansive user base will become a critical platform for onchain access to US equities as we continue building the infrastructure for institutional-grade onchain capital markets.” — Nathan Allman, CEO & Founder, Ondo Finance

    With over 700 tokens listed and daily trading volume surpassing 3.5 billion USDT, Bitget ranks as the third-largest spot exchange globally according to CoinGecko. The addition of tokenized stocks and ETFs enable Bitget as an extensive ecosystem of crypto products, helping users navigate both digital and traditional assets.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

    Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ae0898b9-37f8-4bb9-be24-7ad71464ce89

    The MIL Network

  • MIL-OSI USA: July 16th, 2025 ICYMI: ENR Ranking Member Heinrich Blasts Trump Administration’s Plan to Transfer National Parks to States, Devastating Rural Economies, Cutting Access to Public Lands, & Killing Jobs

    US Senate News:

    Source: United States Senator for New Mexico Martin Heinrich

    WASHINGTON — Today, U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the U.S. Senate Energy and Natural Resources Committee, and Climate Power’s Executive Director Lori Lodes held a press call on Climate Power’s new report, which details the catastrophic economic and budgetary impacts of the Trump Administration’s plan to transfer national park units to state control.

    The report, “The High Cost of a Park Giveaway: Trump’s Plan to Offload National Parks,” highlights how this radical proposal would devastate local economies, overwhelm state budgets, and dismantle the systems that keep public lands running. According to Climate Power’s New Mexico report,New Mexico stands to lose at least $177 million in economic output with the Trump Administration’s plan to transfer national park units to states.

    “By transferring ‘sort of small-p parks’ to the states, the Trump Administration and its supporters aren’t giving states more power or saving taxpayer money,” said Heinrich, blasting the Trump Administration for plans to offload national park units to states. “They’ll be cutting off your access to public lands and devastating state economies in the process, overwhelming state budgets and dismantling the systems that keep public lands running.”

    Heinrich continued, “We’re here today to continue to fight, and to let you know that President Trump and Mike Lee’s latest plan of reallocating national park units to state control will not help our states. It will hurt them. It will not increase your access to national parks. It will restrict it. And it proves once again that Donald Trump and his cronies are willing to take away access to national park sites, devastate local economies, threaten your families’ safety, and kill public service jobs, all to enrich their billionaire friends. Two weeks ago, we came together, across the political spectrum, to stop the sale of our public lands. And we’re here to say: Not one acre and not on our watch.”

    A video of the press call is here. 

    A transcript of his remarks as delivered is below.

    Thank you for that introduction and good afternoon, everyone. Thanks to all of you for being here today to continue the fight to save our public lands.

    Two weeks ago, we had a huge win when Senator Mike Lee was forced to remove public lands sales from the Big, Bad Bill.

    And while an incredibly wide coalition of folks across the aisle came together to make sure the land sales were not included in the reconciliation bill, we know that this fight is far, far from over.

    The Trump Administration has made it clear that it’s determined to sell off our public lands, lands that are your birthright as an American, all to fund tax cuts for their billionaire friends and donors.

    So now, the Trump Administration is working to defund the National Parks Service — and shrink the national park system by about 75 percent.

    The Administration says it’s proposing to keep the “crown jewels.” But the public lands the Administration considers less important are incredibly important to the economic health of rural communities and to protecting our shared heritage.

    By transferring “sort of small-p parks” to the states, the Trump Administration and its supporters aren’t giving states more power or saving taxpayer money.

    They’ll be cutting off your access to public lands – and devastating state economies in the process, overwhelming state budgets, and dismantling the systems that keep public lands running.

    We know that national park system units are powerful economic drivers of our local and state economies. 

    In New Mexico, for example, people visited national park sites 2.3 million times in 2023 alone.

    Visitors spent almost $150 million that year, driving economic activity that supported over 1,800 New Mexican jobs and provided $55 million in labor income for our state.

    And these numbers were made possible by an adequately staffed National Parks Service that could properly maintain our parks, keeping lands safe, people safe, and lands accessible.

    But when national park units are transferred to states, all of that is put at risk.

    States have smaller budgets, so entrance fees would have to be higher.

    When fees are higher, visitor numbers go down and people don’t visit those places that aren’t theirs.

    When visitorship declines, fee revenue actually declines, and funding for park maintenance as a result declines.

    Poorly maintained parks can’t handle as many visitors, and the cycle continues.

    Small businesses would lose customers, and profit losses would mean less rural jobs.

    Now, you might ask: “Why can’t the states maintain the parks?”

    And the truth is, it’s expensive for states to maintain the national park system. That’s why we have a national park system.

    For the federal government, the National Park Service represents less than one-fifteenth of one percent of the total budget.

    Meanwhile, the $230 million backlog in national park maintenance in my state alone would represent over 2 percent of our state budget – and that doesn’t count the additional costs that my state would have to incur to fully run the sites ourselves.

    And this isn’t just a New Mexico problem – it will be everywhere, as you’ll hear from Climate Power in a few minutes.

    So we’re here today to continue to fight, and to let you know that President Trump and Mike Lee’s latest plan of reallocating national park units to state control will not help our states.

    It will hurt them.

    It will not increase your access to national parks.

    It will restrict it.

    And it proves once again that Donald Trump and his cronies are willing to take away access to national park sites, devastate local economies, threaten your families’ safety, and kill public service jobs, all to enrich their billionaire friends.

    Two weeks ago, we came together, across the political spectrum, to stop the sale of our public lands.

    And today we’re here to say: Not one acre and not on our watch.

    MIL OSI USA News

  • MIL-OSI USA: July 16th, 2025 Heinrich Statement on the 80th Anniversary of the Trinity Test

    US Senate News:

    Source: United States Senator for New Mexico Martin Heinrich

    WASHINGTON — U.S. Senator Martin Heinrich (D-N.M.) released the following statement on the 80thanniversary of the Trinity Test:

    “For far too many New Mexicans, including Navajo uranium miners and families, today’s anniversary of the Trinity Test is a day marked by suffering, pain, and injustice. It serves as a solemn reminder of our government’s failure, for eight long decades, to recognize and support the families who lived downwind of that first nuclear explosion and who have borne its devastating consequences every day since.

    “For my entire time in Congress, I’ve been honored to fight alongside Trinity Downwinders and uranium workers to finally include all the New Mexicans exposed to radiation from the bomb’s detonation in the Radiation Exposure Compensation Act. This year, we delivered long-overdue justice by expanding this legislation to cover downwinders across the entire state of New Mexico, increase benefits, and finally expand eligibility for uranium workers to include core drillers.”

    Background:

    Heinrich has reintroduced legislation to extend and expand RECA since his first Senate term, starting in 2013.

    This month, Heinrich and the N.M. Delegation secured RECA reauthorization and expanded the legislation to include all downwinders having worked at any site in the entire state of New Mexico. Notably, the law now allows for combined work histories for uranium workers who previously did not meet eligibility requirements based on their work in only one category of uranium work. Now, employment history across multiple positions–uranium miner, uranium miller, core driller, and ore transporter–all qualify to be combined when determining eligibility. Additionally, the benefit for downwinders increased from $50,000 to $100,000 and for onsite participants from $75,000 to $100,000.

    Last month, Heinrich marked one-year since RECA expired and demanded Congress to reauthorize and expand RECA.

    In January, Heinrich joined U.S. Senators Ben Ray Luján (D-N.M.) and Josh Hawley (R-Mo.), along with U.S. Senators Eric Schmitt (R-Mo.), and Mark Kelly (D-Ariz.) to reintroduce their Radiation Exposure Compensation (RECA) Reauthorization Act to compensate Americans exposed to radiation by government nuclear programs.

    Despite the Senate passing this bill last Congress, the House of Representatives failed to pass RECA reauthorization before its expiration deadline in June 2024.

    Last fall, Heinrich joined Luján and U.S. Representatives Teresa Leger Fernández (D-N.M.), Melanie Stansbury (D-N.M.), and Gabe Vasquez (D-N.M.), and advocates and survivors who traveled all the way across the country from New Mexico for a press conference calling on Speaker Mike Johnson to hold a vote on aSenate-passed bill that would strengthen RECA.

    Heinrich also pressed Speaker Mike Johnson to immediately take up the Senate-passed and fully comprehensive RECA extension in a bipartisan, bicameral letter.

    In March 2024, Heinrich delivered remarks on the Senate floor urging his colleagues to reauthorize and expand RECA. Later that day, Heinrich secured Senate passage of bipartisan legislation to reauthorize and expand RECA to compensate individuals exposed to radiation while working in uranium mines or living downwind from atomic weapons tests.

    MIL OSI USA News