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Category: AM-NC

  • MIL-OSI Banking: Euro area monthly balance of payments: May 2025

    Source: European Central Bank

    18 July 2025

    • Current account recorded €32 billion surplus in May 2025, up from €19 billion in previous month
    • Current account surplus amounted to €333 billion (2.1% of euro area GDP) in the 12 months to May 2025, down from €364 billion (2.5%) one year earlier
    • In financial account, euro area residents’ net acquisitions of non-euro area portfolio investment securities totalled €758 billion and non-residents’ net acquisitions of euro area portfolio investment securities totalled €744 billion in the 12 months to May 2025

    Chart 1

    Euro area current account balance

    (EUR billions unless otherwise indicated; working day and seasonally adjusted data)

    Source: ECB.

    The current account of the euro area recorded a surplus of €32 billion in May 2025, an increase of €13 billion from the previous month (Chart 1 and Table 1). Surpluses were recorded for goods (€33 billion), services (€13 billion) and primary income (€2 billion). These were partly offset by a deficit for secondary income (€16 billion).

    Table 1

    Current account of the euro area

    Source: ECB.

    Note: Discrepancies between totals and their components may be due to rounding.

    Data for the current account of the euro area

    In the 12 months to May 2025, the current account recorded a surplus of €333 billion (2.1% of euro area GDP), compared with a surplus of €364 billion (2.5% of euro area GDP) one year earlier. This decrease was mainly driven by a shift from a surplus to a deficit for primary income (from a €34 billion surplus to a €5 billion deficit), but also by a larger deficit for secondary income (up from €169 billion to €185 billion) and a reduction in the surplus for services (down from €153 billion to €146 billion). These developments were partly offset by a larger surplus for goods (up from €346 billion to €378 billion).

    Chart 2

    Selected items of the euro area financial account

    (EUR billions; 12-month cumulated data)

    Source: ECB.

    Notes: For assets, a positive (negative) number indicates net purchases (sales) of non-euro area instruments by euro area investors. For liabilities, a positive (negative) number indicates net sales (purchases) of euro area instruments by non-euro area investors.

    In direct investment, euro area residents made net investments of €200 billion in non-euro area assets in the 12 months to May 2025, following net disinvestments of €215 billion one year earlier (Chart 2 and Table 2). Non-residents invested €126 billion in net terms in euro area assets in the 12 months to May 2025, following net disinvestments of €398 billion one year earlier.

    In portfolio investment, euro area residents’ net purchases of non-euro area equity increased to €203 billion in the 12 months to May 2025, up from €84 billion one year earlier. Over the same period, net purchases of non-euro area debt securities by euro-area residents increased to €555 billion, up from €490 billion one year earlier. Non-residents’ net purchases of euro area equity increased to €395 billion in the 12 months to May 2025, up from €275 billion one year earlier. Over the same period, non-residents made net purchases of euro area debt securities amounting to €349 billion, declining from €426 billion one year earlier.

    Table 2

    Financial account of the euro area

    Source: ECB.

    Notes: Decreases in assets and liabilities are shown with a minus sign. Net financial derivatives are reported under assets. “MFIs” stands for monetary financial institutions. Discrepancies between totals and their components may be due to rounding.

    Data for the financial account of the euro area

    In other investment, euro area residents recorded net acquisitions of non-euro area assets amounting to €518 billion in the 12 months to May 2025 (following net acquisitions of €212 billion one year earlier), while their net incurrence of liabilities was €172 billion (following disposals of €104 billion one year earlier).

    Chart 3

    Monetary presentation of the balance of payments

    (EUR billions; 12-month cumulated data)

    Source: ECB.

    Notes: “MFI net external assets (enhanced)” incorporates an adjustment to the MFI net external assets (as reported in the consolidated MFI balance sheet items statistics) based on information on MFI long-term liabilities held by non-residents, available in b.o.p. statistics. B.o.p. transactions refer only to transactions of non-MFI residents of the euro area. Financial transactions are shown as liabilities net of assets. “Other” includes financial derivatives and statistical discrepancies.

    The monetary presentation of the balance of payments (Chart 3) shows that the net external assets (enhanced) of euro area MFIs increased by €417 billion in the 12 months to May 2025. This increase was mainly driven by the current and capital accounts surplus and, to a lesser extent, euro area non-MFIs’ net inflows in other investment, and portfolio investment equity and debt. These developments were partly offset by euro area non-MFIs’ net outflows in direct investment.

    In May 2025 the Eurosystem’s stock of reserve assets increased to €1,507.7 billion up from €1,496.9 billion in the previous month (Table 3). This increase was mostly driven by positive price changes (€6.5 billion) and, to a lesser extent, by net acquisitions of assets (€2.3 billion) and positive exchange rate changes (€2.0 billion).

    Table 3

    Reserve assets of the euro area

    (EUR billions; amounts outstanding at the end of the period, flows during the period; non-working day and non-seasonally adjusted data)

    Source: ECB.

    Notes: “Other reserve assets” comprises currency and deposits, securities, financial derivatives (net) and other claims. Discrepancies between totals and their components may be due to rounding.

    Data for the reserve assets of the euro area

    Data revisions

    This press release incorporates revisions to the data for April 2025. These revisions did not significantly alter the figures previously published.

    Next releases:

    • Monthly balance of payments: 19 August 2025 (reference data up to June 2025)
    • Quarterly balance of payments: 07 October 2025 (reference data up to the second quarter of 2025)

    For media queries, please contact Benoît Deeg, tel.: +49 172 1683704.

    Notes

    • Current account data are always seasonally and working day-adjusted, unless otherwise indicated, whereas capital and financial account data are neither seasonally nor working day-adjusted.
    • Hyperlinks in this press release lead to data that may change with subsequent releases as a result of revisions.

    MIL OSI Global Banks –

    July 18, 2025

  • MIL-OSI Europe: In-Depth Analysis – Rule of Law Conditionality Regulation: European Implementation Assessment – 18-07-2025

    Source: European Parliament

    This paper has been drafted to assist the European Parliament’s Committees on Budgets (BUDG) and Budgetary Control (CONT) in the context of their work on an implementation report on the Rule of Law Conditionality Regulation. Based on publicly available information, it provides an overview of EU reports and academic papers on the implementation of the Regulation. It examines three key interlinked concerns: (1) potential legal gaps in the Regulation; (2) the use of ‘smart conditionality’ to ensure that funds reach end beneficiaries; and (3) the links between the EU’s rule of law reports and the Rule of Law Conditionality Regulation. The paper also outlines how Parliament’s recent resolutions and questions have addressed these three issues.

    MIL OSI Europe News –

    July 18, 2025

  • MIL-OSI Submissions: Energy Sector – BASF and Equinor confirm strategic partnership and sign ten-year natural gas supply agreement

    Source: Equinor

    18 JULY 2025 – Dirk Elvermann, CFO and CDO of BASF, and Anders Opedal, President and CEO of Equinor, at the signing of the ten-year natural gas supply agreement.

    Equinor will supply up to 23 terawatt hours of natural gas (around 2 billion cubic meters) annually to BASF.

    BASF and Equinor have signed a long-term strategic agreement for the annual delivery of up to 23 terawatt hours of natural gas over a ten-year period. The contract secures a substantial share of BASF’s natural gas needs in Europe. Deliveries will start on October 1st, 2025.

    “This agreement further strengthens our partnership with BASF. Natural gas not only provides energy security to Europe but also critical feedstock to European industries. I am very happy that our gas also supports BASF’s efforts to reduce their carbon footprint. Gas from Norway comes with the lowest emissions from production and transportation”, says Anders Opedal, president and chief executive officer, Equinor.

    Natural gas is a key feedstock for European industries, especially in the production of chemicals and fertilisers. BASF uses natural gas both as an energy source and as a raw material in the production of basic chemicals. This long-term partnership will support the company’s strategy to diversify its energy and raw materials portfolio. The gas is sold on market terms.

    “We are very happy to enter into this long-term partnership with Equinor for the reliable supply of low-carbon natural gas for BASF’s operations in Europe. Equinor is a trusted and valued partner. The supply agreement not only comes with competitive terms but also supports our sustainability targets”, says Dirk Elvermann, Chief Financial Officer and Chief Digital Officer, BASF SE.

    BASF develops a broad portfolio of solutions that are essential components in the manufacturing of everyday consumer goods, such as car interiors, sportswear, personal care items, and agricultural solutions. Equinor has been supplying gas and liquids to BASF for several years.

    About BASF

    BASF is a company that creates chemistry for a sustainable future. Its ambition is to be the preferred chemical company to enable its customers’ green transformation. BASF combines economic success with environmental protection and social responsibility. Around 112,000 employees in the BASF Group contribute to the success of its customers across nearly all sectors and in almost every country in the world. BASF’s core businesses include the segments Chemicals, Materials, Industrial Solutions, and Nutrition & Care, while its standalone businesses are bundled in the segments Surface Technologies and Agricultural Solutions. In 2024, BASF generated sales of €65.3 billion. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States.

    MIL OSI – Submitted News –

    July 18, 2025

  • MIL-OSI Europe: Written question – EU funding going to Putin’s military allies in his war against Ukraine – E-002847/2025

    Source: European Parliament

    Question for written answer  E-002847/2025
    to the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy
    Rule 144
    Hermann Tertsch (PfE)

    The same Ukrainian intelligence sources that warned that North Korean soldiers had been deployed to the Russian front[1] are now warning that soldiers from the Lao People’s Democratic Republic – a one-party communist regime allied with Moscow and Beijing – will soon join them[2].

    The European Union has allocated EUR 550 million to the Lao People’s Democratic Republic for 2021-2025, with an initial EUR 98 million contribution through the Neighbourhood, Development and International Cooperation Instrument. In addition, since the country is a member of the Association of South-East Asian Nations (ASEAN), the Lao Government benefits from other multi-million-euro EU programmes[3].

    In view of this:

    • 1.What does the VP/HR have to say about the fact that the EU would be indirectly funding Russia’s invasion of Ukraine if Lao soldiers joined Kim Jong-un’s on the Russian front? How is the EU’s profession of unconditional support for Ukraine consistent with it funding its aggressors?
    • 2.How does the VP/HR justify the EU providing millions of euros to a dictatorship that is friends with China and Russia?

    Submitted: 11.7.2025

    • [1] https://apnews.com/article/russia-ukraine-war-north-korea-troops-9d83c419ef741259d09860b576b8a27d
    • [2] https://kyivindependent.com/russia-seeks-to-involve-laos-in-war-against-ukraine-military-intelligence-claims-06-2025/
    • [3] https://international-partnerships.ec.europa.eu/countries/lao-peoples-democratic-republic_en
    Last updated: 18 July 2025

    MIL OSI Europe News –

    July 18, 2025

  • MIL-OSI United Kingdom: SFO freezes over 10K in crypto assets from Arena TV’s CEO

    Source: United Kingdom – Executive Government & Departments

    Press release

    SFO freezes over 10K in crypto assets from Arena TV’s CEO

    SFO has frozen £10,865.76 in Bitcoin and  £289.30 in USDC (value at the time of freezing) in cryptocurrency belonging to Arena TV’s CEO, Richard Yeowart.

    The Serious Fraud Office has frozen equivalent to £10,865.76 in Bitcoin and £289.30 USDC belonging to Richard Yeowart, a suspect in its ongoing investigation into collapsed outside broadcast company Arena TV. This is the first time the agency has used new powers that came into force last year to freeze cryptocurrency.

    The assets, identified by proceeds of crime specialists at the SFO as linked to suspected criminality, were frozen following a hearing at Westminster Magistrates’ Court this week.

    They will now be held for up to nine months to allow any affected parties to come forward.

    The SFO’s case, which remains ongoing, has so far involved a raid, three arrests and the search of three properties in an investigation involving a range of suspects.

    Director of Operations, Emma Luxton, said:

    We are committed to using every tool at our disposal to prevent criminals from benefitting from their crimes, wherever they hide their assets.

    Our first Crypto Wallet Freezing Order is an important step as we build our crypto asset capability and signals our intentions as we adapt to tackle increasingly sophisticated attempts to hide criminal assets.

    Press Office

    Email news@sfo.gov.uk

    Out of hours press office contact number +44 (0)7557 009842

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    Updates to this page

    Published 18 July 2025

    MIL OSI United Kingdom –

    July 18, 2025

  • MIL-OSI United Kingdom: Lochaber playscheme promotes Gaelic in the outdoors

    Source: Scotland – Highland Council

    An outdoor Gaelic medium playscheme took place in Fort William last week for children who are going through Gaelic Medium Education and attend Bun-Sgoil Ghàidhlig Loch Abar.

    The event was organised by the Highland Council Gaelic team and hosted by Stramash outdoor nursery in Fort William.

    Mairi Duncan, the Stramash Practice Lead, went through Gaelic Medium Education herself and is passionate about using Gaelic in different settings.

    The project also involved Gaelic speaking staff from BSGLA.

    By partnering with Stramash, a Gaelic medium environment was created in a beautiful outdoor setting enabling the children to enjoy exploring the 50-acre site which includes woodland, fruit trees, polytunnels with crops, as well as a cosy hut to shelter and enjoy stories and song.

    Mairi said: “It’s been a pleasure for Stramash and Highland Council to work together promoting the benefits of the outdoor environment through the medium of the Gaelic language and to hear the children using the language with their peers in a natural environment.

    “This week of fantastic weather has been an absolute bonus.”

    ***

    Chaidh sgeama-cluiche tron Ghàidhlig a chumail air a’ bhlàr a-muigh sa Ghearasdan an t-seachdain sa chaidh do chloinn a tha a’ dol tro Fhoghlam tron Ghàidhlig (FtG) agus a tha a’ frithealadh Bun-Sgoil Ghàidhlig Loch Abar (BSGLA).

    Bha an tachartas air a chur air dòigh le Sgioba Gàidhlig Chomhairle na Gàidhealtachd agus le aoigheachd bho sgoil-àraich Stramash sa Ghearasdan.

    Chaidh Màiri Duncan, Ceannard Obrachaidh Stramash, tro FtG i fhèin agus tha i dealasach mu bhith a’ cleachdadh na Gàidhlig ann an diofar shuidheachaidhean.

    Bha luchd-obrach Gàidhlig bho BSGLA cuideachd an lùib a’ phròiseict.

    Tro bhith ag obair ann an com-pàirteachas le Stramash, chaidh àrainneachd Ghàidhlig a chruthachadh ann an suidheachadh àlainn air a’ bhlàr a-muigh, a’ toirt cothrom dhan chloinn tlachd fhaighinn às an làraich 50-acaire a tha a’ gabhail a-steach coille, craobhan mheasan, tunailean-gàrraidh le bàrr, a bharrachd air bothan seasgair far am faodadh iad fasgadh fhaighinn agus pàirt a ghabhail ann an sgeulachdan is òrain.

    Thuirt Màiri: “Tha e air a bhith na thoileachas do Stramash agus do Chomhairle na Gàidhealtachd obrachadh còmhla gus buannachdan na h-àrainneachd a-muigh a bhrosnachadh tron Ghàidhlig agus gus a’ chlann a chluinntinn a’ cleachdadh a’ chànain len co-aoisean ann an àrainneachd nàdarra.

    “Bha sinn fortanach dha-rìribh le fad seachdain de shìde eireachdail.”

    MIL OSI United Kingdom –

    July 18, 2025

  • Depression over MP, UP triggers heavy rains across India: IMD

    Source: Government of India

    Source: Government of India (4)

    The India Meteorological Department (IMD) on Friday predicted heavy to very heavy rainfall across several parts of India, influenced by a depression over northwest Madhya Pradesh and adjoining southwest Uttar Pradesh. The weather system is expected to bring widespread rain to Madhya Pradesh and Rajasthan over the next two days, with isolated locations in western Madhya Pradesh and Rajasthan likely to witness extremely heavy rainfall on July 18.

    Southern states including Kerala, Karnataka, and Tamil Nadu are also forecast to receive heavy to very heavy rainfall over the next 6 to 7 days. Kerala is expected to witness extremely heavy rainfall from July 18 to 20, while coastal Karnataka is likely to experience similar intensity on July 18. Isolated extremely heavy rainfall is also likely in Rajasthan, Coastal Karnataka, and parts of Uttarakhand on July 18, and again in Uttarakhand on July 20 and 21.

    Rainfall activity will intensify in multiple regions over the coming days, including Uttarakhand, western Uttar Pradesh, Himachal Pradesh, Kerala and Mahe, coastal and south interior Karnataka, Tamil Nadu, coastal Andhra Pradesh, sub-Himalayan West Bengal and Sikkim, Odisha, Konkan and Goa, and the ghat areas of central Maharashtra. The IMD has advised close monitoring as several of these regions are likely to experience very heavy to extremely heavy rainfall through the next week.

    In the past 24 hours, extremely heavy rainfall (more than 21 cm) was recorded at isolated places in eastern Madhya Pradesh and eastern Uttar Pradesh. Heavy to very heavy rain was also reported from parts of coastal Karnataka, Andhra Pradesh, Telangana, Odisha, west Madhya Pradesh, eastern Rajasthan, and western Uttar Pradesh. Several states in the northeast and central India also witnessed significant rainfall.

    Weather forecast for Delhi-NCR

    In Delhi-NCR, the weather is expected to remain generally cloudy with light rain and thunderstorms over the next few days.

    Today, residents can expect light showers accompanied by strong surface winds reaching up to 45 kmph during thunderstorms. Temperatures will remain near normal, with highs ranging from 34 to 36°C.

    From July 19 to 21, the capital will experience partly cloudy skies and intermittent light rain. Minimum temperature will be slightly below normal, while maximum temperature is expected to remain near or slightly below normal. Winds will vary in direction and speed through the day, gradually decreasing into the evenings.

    July 18, 2025

  • PM Modi announces ₹15,000 incentive for first-time private sector employees at Motihari rally

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi, during his visit to Bihar on Friday, inaugurated and laid the foundation stone for development projects worth over ₹7,200 crore at a massive public gathering at Gandhi Maidan in Motihari, East Champaran.

    As part of the event, the Prime Minister also flagged off four Amrit Bharat trains, boosting rail connectivity in the region.

    In a major announcement aimed at youth employment, PM Modi said the Centre has approved a new scheme under which ₹15,000 will be provided to every individual employed for the first time in a private company. The scheme will come into effect from August 1, with the government allocating ₹1 lakh crore for its implementation.

    “New employment for new youth. The youth of Bihar will benefit greatly from this,” the Prime Minister said.

    Calling for the eastern states to lead India’s development journey, PM Modi emphasised that the region, particularly Bihar, holds vast potential.

    “Our resolve is a developed Bihar and employment for every youth. Young people should find opportunities within the state itself. To support this, large-scale government recruitment drives have been conducted, and the Centre is working shoulder-to-shoulder with the Bihar government,” he added.

    —IANS

    July 18, 2025

  • MIL-OSI Russia: We invite you to the webinar “Who is a project manager: standards and reality”

    Translation. Region: Russian Federal

    Source: Official website of the State –

    An important disclaimer is at the bottom of this article.

    On August 7, 2025 at 12:00, Deputy Head of the Department of Project Management of the State University of Management, Ekaterina Khalimon, will be a speaker in the webinar “Who is a project manager: standards and reality”.

    The webinar speakers will include: – Natalia Ipatova, Director of the MBA Program Center at the Institute of Public Administration and Management of the Russian Presidential Academy of National Economy and Public Administration, Head of the MBA – Project Management Program, NASDOBR expert, Chairman of the Jury of the Projects Category of the GPM Awards Russia National Competition; – Svetlana Nurtazina, Director of the Project Management Office at KazBuildExpert, certified IPMA Level C PM, Academician of the International Academy of Sciences; – Ekaterina Khalimon, Deputy Head of the Project Management Department at the State University of Management, certified IPMA Level B PM, GPM-b, assessor of the Project Olympus competition; – Oksana Klimenko, President of the Project Managers Association “Project Alliance”, Vice President of IPMA (2021–2023), Executive Director of GPM Global in Russia and the CIS, author of international standards and certification systems in project management.

    At the webinar, Ekaterina Khalimon will raise important topics: – What qualities does a project manager need in a high-tech environment? – How to assess competencies if the project goes beyond classical models? – What do those who are just building a career in project management need to understand?

    Ekaterina Khalimon has the relevant professional and teaching experience: – in the academic environment: 10 years of experience as a teacher at the Project Management Department of the State University of Management; – in the field of entrepreneurship: an active entrepreneur, as well as the head of acceleration programs to support technological entrepreneurship, implemented at the State University of Management; – in the field of examination of project activities of state and commercial organizations: assessor of the Project Olympus competition (Analytical Center under the Government of the Russian Federation), certified project manager (IPMA® Level B, GPM-b).

    The webinar will focus on: – What kind of a project manager’s profile is defined by competency models (ICB, etc.); – What companies see when selecting specialists for the role of project manager; – Why specialists who are strong in theory are not always in demand in practice; – How the professional image of a project manager is developing in Russia and the CIS; – What skills are becoming key in 2025, and which are fading into the background.

    Format: – Live professional dialogue; – Exchange of observations and practical experience; – Questions from participants are welcome.

    Participation is free, upon prior registration. A link to join will be sent to all registered participants the day before the webinar.

    Details and registration: https://pmalliance.timepad.ru/event/3462968/

    Webinar organizer: Association of Project Managers “Project Alliance” – Russian association of sustainable project management, partner of the State University of Management since 2024.

    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 –

    July 18, 2025

  • MIL-OSI Russia: Yandex Market to Open First Seller Service Center in China

    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 18 (Xinhua) — Russia’s leading e-commerce platform Yandex Market announced the opening of its first seller service center in China in Hangzhou, capital of east China’s Zhejiang Province.

    According to the China Daily newspaper, Yandex Market and the Department of Commerce of Yuhang District of Hangzhou officially signed a cooperation agreement during the Global Cross-Border E-commerce Trade Expo held in Hangzhou.

    As the representative of the Yandex Market platform noted, the main goal of creating a seller service center in Hangzhou is to provide high-quality services to sellers and help them quickly enter the Russian market. Moreover, in 2025, Yandex Market plans to attract 50 thousand new local sellers.

    Hangzhou has established China’s first comprehensive cross-border e-commerce pilot zone, with a large number of experienced merchants targeting markets in Europe, the United States, Southeast Asia and other regions. -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 –

    July 18, 2025

  • MIL-OSI Russia: Professor of the State University of Management took part in the meeting of the Presidium of the Council under the President of the Russian Federation for Interethnic Relations

    Translation. Region: Russian Federal

    Source: Official website of the State –

    An important disclaimer is at the bottom of this article.

    On July 17, 2025, a meeting of the Presidium of the Council under the President of the Russian Federation for Interethnic Relations was held under the chairmanship of Deputy Chief of Staff of the Presidential Executive Office of the Russian Federation Magomedsalam Magomedov.

    Vladimir Volokh, professor of the Department of Public Administration and Political Technologies of the State University of Management, member of the Council under the President of the Russian Federation for Interethnic Relations and the Public Council under the Ministry of Internal Affairs of Russia, took part in the work.

    During the meeting, participants heard information about the state report on the implementation of the state national policy of the Russian Federation in 2024, prepared by the Federal Agency for Nationalities Affairs (FADN) of Russia.

    The report was approved by the Council Presidium, but suggestions and clarifications were made regarding its content. In particular, Academician of the Russian Academy of Sciences Valery Tishkov suggested making the report more accessible and interesting for a wider audience, and also including a section on traditional spiritual and moral values.

    Council members, including Professor Vladimir Volokh, supported the need to include recommendations in the report for civil society, the media and government bodies.

    The meeting also discussed the progress of the preparation of the Strategy for the State National Policy of the Russian Federation for the period up to 2036, as well as the results of seminars and meetings on the practices and tasks of executive authorities of the constituent entities of the Russian Federation in implementing the Strategy for the State National Policy of the Russian Federation for the period up to 2025 and improving the management of migration processes.

    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 –

    July 18, 2025

  • MIL-OSI Africa: South Africa Ramps Up Energy Investment Drive with Dedicated Roundtable at African Energy Week (AEW) 2025

    Source: APO

    South Africa is positioning itself as a premier investment destination in Africa’s energy transition, with a strategic push across the entire energy value chain – from oil and gas exploration to renewables and green hydrogen. At African Energy Week (AEW) 2025: Invest in African Energies, an “Invest in South Africa” Roundtable will bring together top-tier investors, policymakers and energy executives to spotlight the country’s evolving regulatory landscape, its new national oil company and a host of bankable infrastructure projects.

    This year’s roundtable brings together a powerful lineup of speakers driving South Africa’s energy future, including Shahrukh Mirza, VP LNG Development at ExxonMobil, Stefano Marani, CEO of Renergen Limited, and senior representatives from both the newly formed South African National Petroleum Company (SANPC) and the South African National Energy Development Institute.

    South Africa’s energy sector is undergoing a critical transformation: years of load-shedding and grid instability has prompted bold reforms aimed at liberalizing the energy market, fast-tracking private-sector participation and diversifying supply sources. As the government unbundles Eskom and opens transmission infrastructure to independent power producers, investor interest in South Africa’s power and gas markets is growing sharply. Meanwhile, the Integrated Resource Plan and Renewable Energy Masterplan are paving the way for expanded solar, wind and battery storage deployment, backed by robust public-private collaboration.

    The upstream oil and gas sector is also entering a pivotal new phase. The recently established SANPC is spearheading fresh exploration efforts and opening up acreage across frontier basins, including the Orange Basin – an area that has drawn renewed interest following a string of offshore discoveries in neighboring Namibia. Energy major Shell has secured approval for a five-well drilling campaign in the Northern Cape Ultra Deep block, while TotalEnergies is targeting a two-well wildcat campaign in South Africa’s portion of the Orange Basin, slated for 2026. With upcoming licensing opportunities, transparent fiscal terms and enhanced data packages, South Africa is well-positioned to attract both new market entrants and experienced independents to its upstream sector.

    In its gas monetization strategy, South Africa is advancing efforts to leverage domestic resources – including those under development by Renergen at the Virginia Gas Project – to support helium exports and the production of LNG for transport and industrial fuel use. The country’s Gas Master Plan, currently under review, sets out a roadmap for critical infrastructure, including LNG terminals, pipeline expansions and strategic gas storage, aimed at enhancing long-term energy security. At the same time, public-private initiatives such as the green hydrogen corridor – linking the Northern Cape to key export hubs – are laying the groundwork for large-scale hydrogen production, backed by the region’s exceptional solar and wind potential.

    “As South Africa retools its regulatory environment and builds momentum behind energy diversification, AEW 2025 stands as the ideal venue to connect capital with opportunity. From the Orange Basin’s high-impact prospects to scalable renewables and gas monetization, the country is open for business,” says Oré Onegbesan, Program Director, AEW.

    Distributed by APO Group on behalf of African Energy Chamber.

    AEW: Invest in African Energies:
    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

    Media files

    .

    MIL OSI Africa –

    July 18, 2025

  • MIL-OSI Asia-Pac: Reappointment of Executive Directors to SFC

    Source: Hong Kong Government special administrative region – 4

    The Government announced today (July 18) that the Financial Secretary, under the authority delegated by the Chief Executive pursuant to the Securities and Futures Ordinance (Cap. 571), has reappointed Ms Christina Choi Fung-yee, Mr Rico Leung Chung-yin and Mr Michael Duignan as the Executive Directors of the Securities and Futures Commission (SFC) for a term of three years from August 1, 2025, August 28, 2025, and November 1, 2025, respectively.
     
    A spokesman for the Financial Services and the Treasury Bureau said, “Ms Choi, Mr Leung and Mr Duignan have made valuable contributions to the work of the SFC. We are confident that they will continue to contribute towards the effective performance of the SFC’s statutory functions to foster market development and sound regulation.”
     
    Ms Choi was appointed as the Executive Director (Investment Products) of the SFC in 2016. She will continue to serve as Executive Director (Investment Products) until October 31, 2025, and assume the post of Executive Director (Corporate Finance) of the SFC with effect from November 1, 2025.
     
    Mr Leung was appointed as the Executive Director (Supervision of Markets) of the SFC in 2019. He will continue to assume the management responsibility for Supervision of Markets.
     
    Mr Duignan was appointed as the Executive Director (Corporate Finance) of the SFC in 2022. He will assume the post of Executive Director (Enforcement) in the new term.

    MIL OSI Asia Pacific News –

    July 18, 2025

  • MIL-OSI Asia-Pac: Tender of 3-year RMB HKSAR Institutional Government Bonds to be held on July 24

    Source: Hong Kong Government special administrative region – 4

    The following is issued on behalf of the Hong Kong Monetary Authority:

    The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (July 18) that a tender of 3-year RMB Institutional Government Bonds (Bonds) under the Infrastructure Bond Programme will be held on Thursday, July 24, 2025, for settlement on Monday, July 28, 2025.
     
    A total of RMB1.25 billion 3-year RMB Bonds will be tendered. The Bonds will mature on July 28, 2028 and will carry interest at the rate of 1.59 per cent per annum payable semi-annually in arrear.
     
    Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Bonds on offer can do so through any of the Primary Dealers on the latest published list, which can be obtained from the Hong Kong Government Bonds website at www.hkgb.gov.hk. Each tender must be for an amount of RMB50,000 or integral multiples thereof.
     
    Tender results will be published on the HKMA’s website, the Hong Kong Government Bonds website, Bloomberg (GBHK ) and Refinitiv (IBPGSBPINDEX). The publication time is expected to be no later than 3pm on the tender day.

    HKSAR Institutional Government Bonds Tender Information

    Tender information of 3-year RMB HKSAR Institutional Government Bonds:
     

    Issue Number : 03GB2807001
    Stock Code : 85039 (HKGB1.59 2807-R)
    Tender Date and Time : Thursday, July 24, 2025
    9.30am to 10.30am
    Issue and Settlement Date : Monday, July 28, 2025
    Amount on Offer : RMB1.25 billion
    Maturity : 3 years
    Maturity Date : Friday, July 28, 2028
    Interest Rate : 1.59 per cent p.a. payable semi-annually in arrear
    Interest Payment Dates : January 28 and July 28 in each year, commencing on the Issue Date up to and including the Maturity Date, subject to adjustment in accordance with the terms of the Institutional Issuances Information Memorandum of the Infrastructure Bond Programme and Government Sustainable Bond Programme (Information Memorandum) published on the Hong Kong Government Bonds website.
    Method of Tender : Competitive tender
    Tender Amount : Each competitive tender must be for an amount of RMB50,000 or integral multiples thereof. Any tender applications for the Bonds must be submitted through a Primary Dealer on the latest published list.
    Other Details : Please see the Information Memorandum available on the Hong Kong Government Bonds website or approach Primary Dealers.
    Expected commencement date of dealing on
    the Stock Exchange
    of Hong Kong Limited    		 : Tuesday, July 29, 2025
    Use of Proceeds : The Bonds will be issued under the institutional part of the Infrastructure Bond Programme. Proceeds will be invested in infrastructure projects in accordance with the Infrastructure Bond Framework published on the Hong Kong Government Bonds website.

    MIL OSI Asia Pacific News –

    July 18, 2025

  • MIL-OSI Asia-Pac: DSJ meets with SCIA President to discuss development and collaboration in sports dispute resolution between Hong Kong and Shenzhen (with photo)

    Source: Hong Kong Government special administrative region – 4

         The Deputy Secretary for Justice, Dr Cheung Kwok-kwan, met with the President of the Shenzhen Court of International Arbitration, Dr Liu Xiaochun, in Shenzhen today (July 18) to discuss development and collaboration in the field of sports dispute resolution between Hong Kong and Shenzhen.
     
         After the meeting, Dr Cheung said that the Department of Justice (DoJ) is committed to promoting the diversified development of sports dispute resolution services in Hong Kong and is actively promoting co-operation in sports dispute resolution services between Hong Kong and the Mainland, as well as other regions overseas, with a view to building Hong Kong into a sports dispute resolution services centre in the Asia-Pacific region.
     
         Dr Cheung said that Hong Kong has always been recognised and trusted by the international community for its arbitration and mediation services, and maintains a rich pool of talent in sports dispute resolution services. Shenzhen has long been a close partner of Hong Kong in arbitration, and has been actively participating in the national development of sports arbitration in recent years. He expressed hope that Hong Kong and Shenzhen can strengthen co-operation in sports dispute resolution, giving full play to the Guangdong-Hong Kong-Macao Greater Bay Area’s advantages of “one country, two systems and three jurisdictions” and promoting the development of sports dispute resolution services in the two places with innovative thinking.

         Dr Cheung also mentioned that the DoJ is taking forward the pilot scheme on sports dispute resolution as announced in “The Chief Executive’s 2024 Policy Address” at full steam on the local level. The invitation for the industry to submit proposals for operation of the pilot scheme began at the end of last month, with the aim of identifying a suitable administering body and a technology service provider to provide a fast, reliable and neutral resolution mechanism for sports disputes. The period for submission of proposals will end on July 31 and the pilot scheme is expected to be launched in the second half of the year.

    MIL OSI Asia Pacific News –

    July 18, 2025

  • MIL-OSI Asia-Pac: Companies Registry releases statistics for first half of 2025

    Source: Hong Kong Government special administrative region – 4

    A total of 84,293 local companies were newly registered during the first half of 2025, according to the statistics released by the Companies Registry today (July 18). As at the end of June this year, the total number of local companies registered under the Companies Ordinance reached 1,494,806, which is an all-time high figure.
     
    In the first half of 2025, 761 non-Hong Kong companies have newly established a place of business in Hong Kong and were registered under the Companies Ordinance. The total number of registered non-Hong Kong companies reached 15,509 by the end of June 2025, which is also an all-time high figure.
     
    In line with the Government’s policies on facilitating business as well as attracting enterprises and investments, two improvement measures for the Companies Ordinance came into operation during the first half of 2025. The first measure is the Companies (Amendment) Ordinance 2025, which has become effective since April 17, 2025. It aims at enabling listed companies incorporated in Hong Kong to hold shares bought back in the treasury and dispose of them, and promoting paperless corporate communication for both listed and unlisted Hong Kong companies. The second measure is the Companies (Amendment) (No. 2) Ordinance 2025, which has become effective since May 23, 2025. It introduces a company re-domiciliation regime in Hong Kong that offers non-Hong Kong corporations a simple and cost-effective route to re-domicile to Hong Kong while preserving their legal identity and operational continuity.
     
    The number of charges on properties of companies received for registration in the first half of 2025 was 5,970. The number of notifications of payments and releases received for registration in the same period was 9,915.
     
    The number of documents delivered to the Registry for registration during the first six months of 2025 was 1,678,809.
     
    A total of 2,615,652 searches of document image records were conducted using the Registry’s electronic search services in the first half of 2025.
     
    For limited partnership funds (LPFs), the number of new registration in the first half of 2025 was 116. The total number of LPFs by the end of June 2025 was 1,099.
     
    For open-ended fund companies (OFCs), the number of new incorporation in the first half of 2025 was 109. The total number of OFCs by the end of June 2025 was 579.
     
    As for the licensing of trust or company service providers, during the first half of 2025, 350 new licences were granted by the Registry. The total number of licensees was 6,971 as at the end of June.
     
    For the licensing of money lenders, during the first half of 2025, 71 new licences were granted by the Licensing Court. The total number of licensed money lenders was 2,046 as at the end of June.
     
    For details of the half-yearly statistics, please visit the “Statistics” section of the Registry’s website (www.cr.gov.hk).

    MIL OSI Asia Pacific News –

    July 18, 2025

  • MIL-OSI Asia-Pac: Amendment Regulations on streamlining of permit applications for cross-boundary vehicles gazetted

    Source: Hong Kong Government special administrative region – 4

    The Road Traffic (Registration and Licensing of Vehicles) (Amendment) (No. 2) Regulation 2025, the Road Traffic (Registration and Licensing of Vehicles) (Amendment) (No. 3) Regulation 2025, the Road Traffic (Registration and Licensing of Vehicles) (Amendment) (No. 5) Regulation 2025 and the Road Traffic (Traffic Control) (Amendment) Regulation 2025 (collectively the Amendment Regulations) were gazetted today (July 18). The Amendment Regulations seek to provide greater convenience for cross-boundary vehicles by streamlining the arrangements of Closed Road Permits (CRP) and International Circulation Permits (ICP).

    A spokesperson for the Transport and Logistics Bureau said, “With the increasingly frequent traffic flow among Guangdong, Hong Kong and Macao, the Government has been proactively enhancing the relevant licensing services of the Transport Department in order to assist drivers and more effectively respond to the growing demand for cross-boundary travel. The Amendment Regulations will streamline the application procedures and requirements, and are expected to reduce and simplify the procedures for applicants/permit holders of the regular quota schemes, Northbound Travel for Hong Kong Vehicles and the recently announced Southbound Travel for Guangdong Vehicles schemes, bringing them greater convenience.”

    The major proposed amendments in the Amendment Regulations include:

    (1) CRP: extending the maximum validity period of CRP from 12 months to 60 months for cross-boundary vehicles, and adjusting the fee levels for CRP to cost-recovery levels; and exempting vehicles participating in designated cross-boundary driving schemes that meet the specified requirements from applying for a CRP based on risk control consideration. As the CRP will either be exempted or with its validity extended, the CRP fees payable by users will generally be reduced; and

    (2) ICP: introducing electronic ICPs (e-ICP) with a streamlined application and collection process, allowing applicants to submit applications and supporting documents online, and to collect e-ICP with self-printing.

    The Government consulted the Legislative Council (LegCo) Panel on Transport on the above streamlining arrangements for CRP and ICP respectively, and received general support from the Members. The Amendment Regulations will be tabled at the LegCo on July 23 for negative vetting. Subject to scrutiny by the LegCo, the exemption arrangement for CRP and the streamlining measures for ICP under the Amendment Regulations will be effective on October 1 this year; and the arrangements for extension of CRP validity period and fees adjustment will be effective on January 1, 2026. The Transport Department will continue to enhance different cross-boundary transport measures, providing a better travel experience for Hong Kong citizens and cross-boundary travellers.

    MIL OSI Asia Pacific News –

    July 18, 2025

  • MIL-OSI Asia-Pac: Tender of 1-year RMB HKSAR Institutional Government Bonds to be held on July 24

    Source: Hong Kong Government special administrative region – 4

    The following is issued on behalf of the Hong Kong Monetary Authority:

         The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (July 18) that a tender of 1-year RMB Institutional Government Bonds (Bonds) under the Infrastructure Bond Programme will be held on Thursday, July 24, 2025, for settlement on Monday, July 28, 2025.
     
    A total of RMB1.5 billion 1-year RMB Bonds will be tendered. The Bonds will mature on July 28, 2026 and will carry interest at the rate of 1.48 per cent per annum payable semi-annually in arrear.
     
    Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Bonds on offer can do so through any of the Primary Dealers on the latest published list, which can be obtained from the Hong Kong Government Bonds website at www.hkgb.gov.hk. Each tender must be for an amount of RMB50,000 or integral multiples thereof.
     
    Tender results will be published on the HKMA’s website, the Hong Kong Government Bonds website, Bloomberg (GBHK ) and Refinitiv (IBPGSBPINDEX). The publication time is expected to be no later than 3pm on the tender day.

    HKSAR Institutional Government Bonds Tender Information

    Tender information of 1-year RMB HKSAR Institutional Government Bonds:
     

    Issue Number : 01GB2607001
    Stock Code : 85038 (HKGB1.48 2607-R)
    Tender Date and Time : Thursday, July 24, 2025
    9.30am to 10.30am
    Issue and Settlement Date : Monday, July 28, 2025
    Amount on Offer : RMB1.5 billion
    Maturity : 1 year
    Maturity Date : Tuesday, July 28, 2026
    Interest Rate : 1.48 per cent p.a. payable semi-annually in arrear
    Interest Payment Dates : January 28 and July 28 in each year, commencing on the Issue Date up to and including the Maturity Date, subject to adjustment in accordance with the terms of the Institutional Issuances Information Memorandum of the Infrastructure Bond Programme and Government Sustainable Bond Programme (Information Memorandum) published on the Hong Kong Government Bonds website.
    Method of Tender : Competitive tender
    Tender Amount : Each competitive tender must be for an amount of RMB50,000 or integral multiples thereof. Any tender applications for the Bonds must be submitted through a Primary Dealer on the latest published list.
    Other Details : Please see the Information Memorandum available on the Hong Kong Government Bonds website or approach Primary Dealers.
    Expected commencement date of dealing on
    the Stock Exchange
    of Hong Kong Limited    		 : Tuesday, July 29, 2025
    Use of Proceeds : The Bonds will be issued under the institutional part of the Infrastructure Bond Programme. Proceeds will be invested in infrastructure projects in accordance with the Infrastructure Bond Framework published on the Hong Kong Government Bonds website.

    MIL OSI Asia Pacific News –

    July 18, 2025

  • MIL-OSI Asia-Pac: GBA Office holds first seminar in Xian to promote GBA development opportunities (with photos)

    Source: Hong Kong Government special administrative region – 4

         The Guangdong-Hong Kong-Macao Greater Bay Area Development Office (GBA Office) today (July 18) held the GBA Via Hong Kong luncheon seminar in Xian to promote the vast opportunities brought about by the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and the growth potential of Hong Kong’s Northern Metropolis to enterprises in Shaanxi. Over 260 participants attended the event.
     
         The Commissioner for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area, Ms Maisie Chan, delivered a video speech at the seminar. She said that to fully leverage Hong Kong’s advantage of connecting with both the Mainland and the world, the GBA Office not only expends efforts on overseas publicity and promotion, but also strengthens domestic ties by actively promoting development opportunities in the GBA to different Mainland cities. Commencing the visit in Xian – a national central city in the heart of China – signified a pivotal step in the GBA’s “northbound empowerment” and its connection with the Silk Road Economic Belt. With the support from the Central Authorities and the concerted efforts of various GBA cities, the GBA has continued to flourish in terms of economic strength and competitiveness, advancing towards the goal of becoming a world-class bay area. As a core city and regional development engine of the GBA, and with the unique advantage of having strong support from the motherland and close connection with the world, Hong Kong is an ideal partner for Shaanxi enterprises to expand into the GBA and explore the global market. She encouraged enterprises to establish a presence in Hong Kong and leverage the city as an internationalised platform to go global.
     
         The Deputy Commissioner for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area, Ms Aubrey Fung, delivered a keynote speech titled “GBA’s development opportunities and Hong Kong’s advantages in empowering Shaanxi enterprises to go global”. She said that the GBA is of immense strategic significance in national development, presenting boundless business opportunities for Shaanxi and global enterprises. Under the “one country, two systems” principle, Hong Kong possesses an excellent business environment that is highly market-oriented and internationalised, underpinned by the rule of law, with distinctive strengths in financial services, innovation and technology, and trade and logistics, etc. With the further deepening of co-operation between Shaanxi and Hong Kong, the city’s unique strengths and Shaanxi’s solid industrial foundation and vibrant technological innovation would create synergy, thereby fostering a win-win outcome and resource complementarity between the two places, and injecting new impetus into the country’s high-quality development.
     
         The Deputy Director of the Northern Metropolis Co-ordination Office, Ms Pecvin Yong, said at the seminar that the Northern Metropolis, aligning with the national development strategy and abutting Shenzhen with a global outlook, can contribute to the GBA becoming a world-class top-notch bay area. The Northern Metropolis also offers development and investment opportunities for Shaanxi’s enterprises. The Hong Kong Special Administrative Region Government will continue to adopt an industry-oriented approach in planning and implementing the Northern Metropolis as well as diversified land disposal approaches, including large-scale land disposal, with a view to attracting talent and resources to Hong Kong, helping the Northern Metropolis to become a new engine for Hong Kong’s economic growth.
     
         Today’s seminar was co-organised by the GBA Office, the Shaanxi Liaison Unit of the Hong Kong Special Administrative Region Government, and the Hong Kong and Macao Affairs Office of the Shaanxi Provincial People’s Government. The seminar also featured a question-and-answer session to facilitate exchanges, enabling participants to gain a deeper understanding of the development potential of the GBA and the Northern Metropolis, and providing a high-value exchange platform for enterprises of the two regions.

            

    MIL OSI Asia Pacific News –

    July 18, 2025

  • MIL-OSI Asia-Pac: Appeal for information on missing woman in Yuen Long (with photo)

    Source: Hong Kong Government special administrative region – 4

    Police today (July 18) appealed to the public for information on a woman who went missing in Yuen Long.

    Marma Swe Sai Nu, aged 19, went missing after she was last seen in Ma Tin Pok on June 30 afternoon. Police received the report on July 2 morning.
        
    She is about 1.7 metres tall, 54 kilograms in weight and of thin build. She has a long face with yellow complexion and long straight black hair. She was last seen wearing a pink T-shirt, brown trousers and khaki flip-flops.

    Anyone who knows the whereabouts of the missing woman or may have seen her is urged to contact the Regional Missing Persons Unit of New Territories North on 3661 3113 or email to rmpu-ntn-1@police.gov.hk, or contact any police station.

    MIL OSI Asia Pacific News –

    July 18, 2025

  • MIL-OSI Asia-Pac: United Nations Sanctions (Somalia) Regulation 2019 (Amendment) Regulation 2025 gazetted

    Source: Hong Kong Government special administrative region – 4

         The Government today (July 18) gazetted the United Nations Sanctions (Somalia) Regulation 2019 (Amendment) Regulation 2025 (the Amendment Regulation), which came into operation today.
     
         “The Amendment Regulation amends the United Nations Sanctions (Somalia) Regulation 2019 to give effect to certain decisions relating to sanctions in the United Nations Security Council (UNSC) Resolution 2776 in respect of Somalia,” a Government spokesman said.
     
         The amendments mainly relate to the requirements of the licences for the supply, sale, transfer or carriage of weapons, ammunition or military equipment to Somalia or to certain persons.
     
         The Hong Kong Special Administrative Region Government has all along been implementing fully the sanctions imposed by the UNSC. The Amendment Regulation aims to give effect to the instructions by the Ministry of Foreign Affairs for fulfilling the international obligations of the People’s Republic of China as a Member State of the United Nations.

    MIL OSI Asia Pacific News –

    July 18, 2025

  • MIL-OSI Asia-Pac: United Nations Sanctions (Libya) Regulation 2019 (Amendment) Regulation 2025 gazetted

    Source: Hong Kong Government special administrative region – 4

    ​The Government today (July 18) gazetted the United Nations Sanctions (Libya) Regulation 2019 (Amendment) Regulation 2025 (the Amendment Regulation), which came into operation today. 
     
    “The Amendment Regulation amends the United Nations Sanctions (Libya) Regulation 2019 to give effect to certain decisions relating to sanctions in the United Nations Security Council (UNSC) Resolution 2769 in respect of Libya,” a Government spokesman said.
     
    The amendments renew the sanctions measures in respect of preventing illicit petroleum exports from Libya, and reflect the latest exemption arrangements in respect of arms embargo and asset freeze.
     
    The Hong Kong Special Administrative Region Government has all along been implementing fully the sanctions imposed by the UNSC. The Amendment Regulation aims to give effect to the instructions by the Ministry of Foreign Affairs for fulfilling the international obligations of the People’s Republic of China as a Member State of the United Nations.

    MIL OSI Asia Pacific News –

    July 18, 2025

  • MIL-OSI Asia-Pac: Missing woman in Tsim Sha Tsui located

    Source: Hong Kong Government special administrative region – 4

         A woman who went missing in Tsim Sha Tsui has been located.
          
         Lam Kit-man, aged 38, went missing after she was last seen on Tsim Sha Tsui Promenade on July 15 morning. Her family made a report to Police after she went missing.

         The woman was located at Tai Wo Estate, Tai Po last night (July 17). She sustained no injuries and no suspicious circumstances were detected.

    MIL OSI Asia Pacific News –

    July 18, 2025

  • MIL-OSI Asia-Pac: DH reminds public that “Tianjiu” therapy shall be performed by qualified Chinese medicine practitioners

    Source: Hong Kong Government special administrative region – 4

    The Department of Health (DH) today (July 18) reminded the public that “Tianjiu” therapy, which is a kind of Chinese Medicine Acupuncture treatment, should only be performed by qualified Chinese medicine practitioners (CMPs) in order to avoid adverse effects, or even aggravation of illness or injury.

         “Tianjiu” therapy stimulates specific acupuncture points with medication to prevent illness by unblocking meridians and collaterals and regulating “qi” and blood. Clinically, it can be used to treat various illnesses, such as chronic bronchitis, asthma, allergic rhinitis, menstrual irregularities and joint pain etc.

    The “Sanfu Tian” period this year starts from July 20 (Sunday) and ends on August 18 (Monday). Some people undergo “Tianjiu” therapy during this period to achieve better therapeutic effects.

    In Hong Kong, “Tianjiu” therapy must be performed by CMPs with professional qualifications. The DH appeals to the public to have their health conditions assessed by a qualified CMP before receiving “Tianjiu” therapy to determine their suitability for the treatment. Some groups of people may not be suitable for “Tianjiu’, including children aged under 2 years old, pregnant women and patients with heat patterns as identified by CMPs.

    Before receiving “Tianjiu” therapy, members of the public should confirm the qualifications of the CMPs. They should not allow unregistered or unapproved healthcare personnels to perform “Tianjiu”. Since the professional qualifications and standards of such personnels have not been ascertained, the safety and treatment effect of their services are questionable and may even aggravate the condition or cause injury to those receiving therapy. Members of the public may request relevant supporting documents from CMPs practising in Hong Kong if they have doubts about their qualifications. A list of registered and listed CMPs is available for public inspection on the website of the Chinese Medicine Council of Hong Kong (www.cmchk.org.hk).

    In addition, members of the public should clearly understand the treatment procedure, potential risks and precautions etc, before receiving “Tianjiu” therapy. If anyone feels unwell during the therapy, seek advice from healthcare professionals immediately.

    MIL OSI Asia Pacific News –

    July 18, 2025

  • MIL-OSI Asia-Pac: Public Health and Municipal Services (Fees) (Amendment) Regulation 2025 gazetted

    Source: Hong Kong Government special administrative region – 4

    The Government today (July 18) gazetted the Public Health and Municipal Services (Fees) (Amendment) Regulation 2025 (Amendment Regulation) to tie in with the implementation of the Registered Fire Engineer (RFE) Scheme.

    The RFE Scheme will offer licence applicants of general restaurants, light refreshment restaurants, food factories (whether or not for preparation of bakery products only), factory canteens and composite food shops an additional option. Applicants may continue with the established practice of using the fire safety risk assessment and certification services of the Fire Services Department (FSD) or engage the services of RFEs. To tie in with the implementation of the Scheme, the Government made the Fire Services Department (Reports and Certificates) (Amendment) Regulation 2025 to revamp the fee structure for FSD services, including the fees for the issue of certificates for ventilating systems by the FSD prescribed in the Fire Services Department (Reports and Certificates) Regulations (Cap. 95C).

    In view of the revamp of the fee structure for FSD services, the Amendment Regulation will specify the corresponding fee deduction for the issue of certificates for ventilating systems by the FSD from the fees for the granting of full food business licences, so that applicants will not be double charged for the same service.

    The Government will table the Amendment Regulation before the Legislative Council at its sitting on July 23. Upon the completion of negative vetting, the Amendment Regulation will come into effect with the revamped fee structure for FSD services on November 1, 2025.

    MIL OSI Asia Pacific News –

    July 18, 2025

  • MIL-OSI Asia-Pac: “Immersive Hong Kong” roving exhibition opens in Qingdao (with photos)

    Source: Hong Kong Government special administrative region – 4

         The “Immersive Hong Kong” roving exhibition, organised by the Information Services Department (ISD) of the Hong Kong Special Administrative Region (HKSAR) Government  to showcase the diversity and latest developments of Hong Kong through interactive art technology, opened in Qingdao today (July 18). 

         Co-organised by the Shandong Liaison Unit of the HKSAR Government, the exhibition, themed “Hong Kong – Where the World Looks Ahead”, invites visitors from Qingdao and the entire Shandong Province to explore the unique opportunities and potential for tourism, education, business and investment in Hong Kong.

         The exhibition enables visitors to delve into different virtual scenes representing the city, with a creative twist. The five thematic zones, namely “Financial Bridgehead”, “I&T Brain Bank”, “Blossoming Creativity”, “Diversity and Greenery” and “Buzzing Sports Action”, feature multiple interactive art projections, light box installations and naked-eye 3D displays, representing the distinctive appeal of Hong Kong.

         Visitors may also enjoy Hong Kong’s vibrant and colourful skyline, illustrated by Hong Kong artist Messy Desk (Jane Lee), at a photo corner in the venue. Promotional videos on Hong Kong and digital panels presenting information about the city, as well as insights from Mainland companies about their experiences in Hong Kong, are also on display, highlighting why the city is one of the most desirable places to visit, study, live, work and invest.

         Speaking at the opening ceremony today, the Director of Information Services, Mrs Apollonia Liu, said that this year marks the 10th anniversary of the Belt and Road Summit organised by the HKSAR, and that three node cities along the Belt and Road on the Mainland were specially selected to hold the exhibition. The first stop was successfully held in Shanghai last month, attracting more than 180 000 visitors, while Qingdao is the second stop, to be followed by Chengdu. 

         She said, “The eligible cities of the Individual Visit Scheme (IVS) expanded to Qingdao in March last year, enabling residents of Qingdao to explore Hong Kong in a more flexible and convenient manner. In addition to deepening exchanges and fostering cultural integration and people-to-people bonds between the two cities, IVS tourists also represent an important force in driving the business of tourism-related industries in Hong Kong.”

         Mrs Liu added that, although Hong Kong and Qingdao are far apart geographically, the two cities are in fact within arm’s reach. They are linked by multiple direct flights operating daily, with a flight time of just over three hours. This offers an excellent foundation for the two cities to further deepen tourism co-operation, promote resource sharing, and facilitate the two-way flow of visitors.

         Introducing the highlights of the exhibition, Mrs Liu said a “Buzzing Sports Action” thematic zone has been set up, serving as pre-event publicity for the 15th National Games to be cohosted by Hong Kong, Guangdong and Macao in November this year. The cultural and tourism appeal, as well as the latest developments of Hong Kong, is also shown in a comprehensive manner through naked-eye 3D displays and interactive games.

         Mrs Liu expressed hope that the exhibition would provide an opportunity for friends from Qingdao to experience Hong Kong’s charm from different aspects, sparking their interest to learn more about Hong Kong and visit the city.

         To give Qingdao audiences a taste of Hong Kong’s cultural offerings, a wind instrument performance by two young Hong Kong music talents – the Hong Kong Chinese Orchestra Suona Principal Ma Wai-him and pianist Aaron Leung – will be staged at the exhibition venue on July 19 and 20. 

         During the exhibition, an interactive game, “Snap a cool shot @Immersive Hong Kong”, will offer attractive prizes sponsored by Cathay Pacific for two winners. The winner of the Grand Prize will receive a pair of round-trip business class air tickets from Qingdao to Hong Kong, while the runner-up will receive a pair of round-trip economy class air tickets on the same itinerary.

         The exhibition is being held at Lion Mall, a major shopping centre in Qingdao, until July 27. Admission is free.

         Qingdao is the seventh stop of the exhibition, following its successful staging in a total of six cities in Mainland China, the Association of Southeast Asian Nations, and the Middle East between July 2023 and June 2025.

         Supporting organisations of the exhibition include the Belt and Road Office of the Commerce and Economic Development Bureau, Hong Kong Talent Engage, Cathay Pacific, the Hong Kong Trade Development Council, the Hong Kong Tourism Board, and the Kai Tak Sports Park.

         More information on the exhibition is available on the dedicated page on the Brand Hong Kong website and the Hong Kong Economic and Trade Office in Shanghai website.

                                                   

    MIL OSI Asia Pacific News –

    July 18, 2025

  • MIL-OSI Asia-Pac: “Immersive Hong Kong” roving exhibition opens in Qingdao (with photos)

    Source: Hong Kong Government special administrative region – 4

         The “Immersive Hong Kong” roving exhibition, organised by the Information Services Department (ISD) of the Hong Kong Special Administrative Region (HKSAR) Government  to showcase the diversity and latest developments of Hong Kong through interactive art technology, opened in Qingdao today (July 18). 

         Co-organised by the Shandong Liaison Unit of the HKSAR Government, the exhibition, themed “Hong Kong – Where the World Looks Ahead”, invites visitors from Qingdao and the entire Shandong Province to explore the unique opportunities and potential for tourism, education, business and investment in Hong Kong.

         The exhibition enables visitors to delve into different virtual scenes representing the city, with a creative twist. The five thematic zones, namely “Financial Bridgehead”, “I&T Brain Bank”, “Blossoming Creativity”, “Diversity and Greenery” and “Buzzing Sports Action”, feature multiple interactive art projections, light box installations and naked-eye 3D displays, representing the distinctive appeal of Hong Kong.

         Visitors may also enjoy Hong Kong’s vibrant and colourful skyline, illustrated by Hong Kong artist Messy Desk (Jane Lee), at a photo corner in the venue. Promotional videos on Hong Kong and digital panels presenting information about the city, as well as insights from Mainland companies about their experiences in Hong Kong, are also on display, highlighting why the city is one of the most desirable places to visit, study, live, work and invest.

         Speaking at the opening ceremony today, the Director of Information Services, Mrs Apollonia Liu, said that this year marks the 10th anniversary of the Belt and Road Summit organised by the HKSAR, and that three node cities along the Belt and Road on the Mainland were specially selected to hold the exhibition. The first stop was successfully held in Shanghai last month, attracting more than 180 000 visitors, while Qingdao is the second stop, to be followed by Chengdu. 

         She said, “The eligible cities of the Individual Visit Scheme (IVS) expanded to Qingdao in March last year, enabling residents of Qingdao to explore Hong Kong in a more flexible and convenient manner. In addition to deepening exchanges and fostering cultural integration and people-to-people bonds between the two cities, IVS tourists also represent an important force in driving the business of tourism-related industries in Hong Kong.”

         Mrs Liu added that, although Hong Kong and Qingdao are far apart geographically, the two cities are in fact within arm’s reach. They are linked by multiple direct flights operating daily, with a flight time of just over three hours. This offers an excellent foundation for the two cities to further deepen tourism co-operation, promote resource sharing, and facilitate the two-way flow of visitors.

         Introducing the highlights of the exhibition, Mrs Liu said a “Buzzing Sports Action” thematic zone has been set up, serving as pre-event publicity for the 15th National Games to be cohosted by Hong Kong, Guangdong and Macao in November this year. The cultural and tourism appeal, as well as the latest developments of Hong Kong, is also shown in a comprehensive manner through naked-eye 3D displays and interactive games.

         Mrs Liu expressed hope that the exhibition would provide an opportunity for friends from Qingdao to experience Hong Kong’s charm from different aspects, sparking their interest to learn more about Hong Kong and visit the city.

         To give Qingdao audiences a taste of Hong Kong’s cultural offerings, a wind instrument performance by two young Hong Kong music talents – the Hong Kong Chinese Orchestra Suona Principal Ma Wai-him and pianist Aaron Leung – will be staged at the exhibition venue on July 19 and 20. 

         During the exhibition, an interactive game, “Snap a cool shot @Immersive Hong Kong”, will offer attractive prizes sponsored by Cathay Pacific for two winners. The winner of the Grand Prize will receive a pair of round-trip business class air tickets from Qingdao to Hong Kong, while the runner-up will receive a pair of round-trip economy class air tickets on the same itinerary.

         The exhibition is being held at Lion Mall, a major shopping centre in Qingdao, until July 27. Admission is free.

         Qingdao is the seventh stop of the exhibition, following its successful staging in a total of six cities in Mainland China, the Association of Southeast Asian Nations, and the Middle East between July 2023 and June 2025.

         Supporting organisations of the exhibition include the Belt and Road Office of the Commerce and Economic Development Bureau, Hong Kong Talent Engage, Cathay Pacific, the Hong Kong Trade Development Council, the Hong Kong Tourism Board, and the Kai Tak Sports Park.

         More information on the exhibition is available on the dedicated page on the Brand Hong Kong website and the Hong Kong Economic and Trade Office in Shanghai website.

                                                   

    MIL OSI Asia Pacific News –

    July 18, 2025

  • 60 lakh PMAY houses in Bihar, over 3 lakh in Motihari alone: PM Modi

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Friday highlighted key Central welfare schemes benefiting the people of Bihar and reaffirmed the Nitish Kumar-led NDA government’s commitment to building a “New Bihar.”

    During his visit to Motihari in Bihar’s East Champaran district, the Prime Minister launched a series of infrastructure projects worth over ₹7,200 crore. Addressing a large public gathering, he underlined the government’s consistent focus on public welfare, contrasting it with what he called the “discriminatory” approach of the previous UPA regime.

    PM Modi said that Bihar accounts for 60 lakh of the total 4 crore pucca houses built under the Pradhan Mantri Awas Yojana (PMAY), emphasizing the state’s substantial share in the nationwide scheme.

    He added that in Motihari alone, over 3 lakh families have received pucca houses under PMAY.

    The Prime Minister also spoke about the recently approved Dhan Dhanya Krishi Yojana, which aims to benefit farmers in underperforming agricultural districts. “Under this scheme, 100 districts with untapped farming potential will be identified. Over 1.75 crore farmers across the country are expected to benefit, with a significant number from Bihar,” he said.

    Referring to the growth trajectory of Eastern nations, PM Modi said Bihar should similarly become a growth hub for India. “Our vision is clear: when Bihar progresses, the country progresses. We are committed to building a prosperous Bihar and ensuring employment for every youth.”

    He said rapid progress is underway across various sectors to boost job opportunities for the state’s youth. “The Nitish government has already provided employment to lakhs of young people and has set new goals to enhance youth employment further. The Central government is fully supporting these efforts,” he added.

    —IANS

    July 18, 2025

  • MIL-OSI United Nations: As war rages on in Ukraine, organised crime is taking new forms

    Source: United Nations 2

    Since February 2022, both legal and illegal economies in Ukraine have been severely disrupted by the war. 

    The report examines the evolution of organised crime structures in the country and focuses on six distinct areas: drug trafficking and production, online scams and fraud, arms trafficking, economic crime, trafficking in persons, and the facilitation of illegal exit and draft evasion.

    “The war has not only inflicted untold suffering on the Ukrainian people, but has also triggered a marked evolution in organised crime – which can have profound implications for the country’s journey towards recovery and reconstruction,” said Angela Me, Chief of Research and Analysis at UNODC.

    Drug trafficking

    While the trafficking of cocaine and heroin through Ukraine has decreased drastically since 2022, the production and trafficking of synthetic drugs such as cathinones and methadone have increased.

    The expansion of cathinone trafficking in recent years has been facilitated by the darknet, notably through market platforms such as Hydra, which was dismantled in April 2022.

    Regarding methadone, the report noted that most of the Ukrainian production is trafficked within the country and not abroad, as domestic demand for the drug is on the rise.

    Arms trafficking

    The war has also increased the availability of weapons in the country, notably due to a massive influx of arms from the battlefield.

    This surplus is resulting in a rise in arms seizures and violence among civilians, marked notably by an increase in domestic and intimate partner violence.

    Although there is no evidence to suggest large-scale arms trafficking outside Ukraine, UNODC highlighted the importance of monitoring the situation in light of the sheer number of weapons available and the historic regional presence of criminal actors specialising in arms trafficking.

    While there is, as of now, no evidence of drones being used in a non-military context, civilian drones and 3D-printed components for frontline attacks could fuel new illicit markets, the report found.

    Trafficking in persons

    As roughly 14 million people have been displaced by the war, some criminal groups have exploited these populations by luring them into shelters or accommodations disguised as humanitarian assistance providers, where they are subjected to forced labour.

    While intensified patrolling of the borders, paired with the near-complete closure of the eastern and north-eastern borders, has limited the smuggling of migrants through Ukraine, traffickers have instead turned to facilitating draft evasion by Ukrainian men.

    “Curtailing organised crime is a key requirement for achieving sustainable peace, justice, national security and the protection of human rights,” said Matthias Schmale, UN Resident and Humanitarian Coordinator in Ukraine, as the global body stands ready to support the country in this critical work. 

    MIL OSI United Nations News –

    July 18, 2025

  • MIL-OSI Asia-Pac: Speech by FS at Rhythm of Innovation (English only) (with photos/video)

    Source: Hong Kong Government special administrative region

    Speech by FS at Rhythm of Innovation (English only) (with photos/video) 
    Sunny (Chairman of the Hong Kong Science and Technology Parks (HKSTP) Corporation, Dr Sunny Chai), Albert (Chief Executive Officer of the HKSTP Corporation, Mr Albert Wong), young talents from Hong Kong and beyond,
     
    Good afternoon.
     
         It’s a real pleasure to be at this gathering, joined by so many energetic and passionate young innovators.
     
         Just moments ago, I had the chance to speak with some of you, interns and graduates from various incubation programmes here at Science Park. I must say I am truly impressed by your passion, creativity and drive to make a difference in life.
     
         Innovation and technology – or I&T – is a space full of promise. For a long time, people in Hong Kong have favoured careers like doctors, lawyers, engineers and accountants. While these are respectable and rewarding professions, today, I&T has become one of the most exciting avenues for young people to succeed. It is a sector of the future where you can find a meaningful career with positive impact on the community and the world.
     
         Take DeepSeek for example.  It is a remarkable venture launched by a group of young innovators. Their high-efficiency, low-cost model has captured global attention and admiration. And they are just one of many success stories. Across both the Mainland and Hong Kong, young people are driving change through groundbreaking products and creative solutions that are shaping industries and transforming lives.
     
         And if you’re thinking about a career in I&T, let me say: Hong Kong is the place to be.
     
         This Government puts I&T as a policy priority. We focus on sectors where we have competitive strengths, namely artificial intelligence, biomedicine, fintech as well as new energy and new materials. To expedite their development, we are actively attracting world-class enterprises and top talent to Hong Kong, especially those working on cutting-edge technologies.  And we are nurturing a vibrant ecosystem of start-ups, with patient capital support.  By setting up the Hong Kong Investment Corporation Limited, we seek to channel private sector funds to companies even at their nascent stage. 
     
         As an international financial centre, we also provide comprehensive funding support for start-ups and companies at various stages of development, from angel investments, venture capital and private equity to IPO.
     
         Apart from finance, Hong Kong has a number of other unique advantages. 
     
         For example, we are home to world-class universities and research institutions. We are the only city in the world with five universities ranked among the global top 100. Our research institutions are among the best in Asia and the world.  Our two medical schools are among the world’s top 25. 
     
         Besides, we have a thriving start-up ecosystem.  As of last year, Hong Kong had around 4 700 start-ups, a 40 per cent increase compared to 2020. And our innovation flagships like Science Park and Cyberport provide the space, infrastructure, mentorship, resources, networks and programmes that support their growth and dreams.
     
         There’s more. The Northern Metropolis on the boundary with Shenzhen – an area about one-third the size of Hong Kong – is being developed into an I&T powerhouse.
     
         With special cross-boundary policies and facilitation, the Northern Metropolis in conjunction with sister cities in the Greater Bay Area, like Shenzhen and Guangzhou, is fast becoming a global hub for R&D, tech innovation and commercialisation, as well as advanced manufacturing.
     
         And just as important – we offer a safe, open, multicultural environment that welcomes talent from all over the world.
     
         To those of you who are coming from the Mainland or overseas, I wish you to know that Hong Kong welcomes you. If you are inspired by what you see here, come and join us. Since launching our talent admission schemes in December 2022, we’ve received nearly 500 000 applications – and over 220 000 talented individuals have arrived in Hong Kong, many with their young families. They chose Hong Kong for its opportunities, unparalleled connectivity, quality of life, excellent education system, and many more.
     
         Ladies and gentlemen, the greatest asset of Hong Kong has always been its people – and that includes you: our next generation of innovators, creators and leaders.
     
         I look forward to seeing many of you again in the future – not just as students or interns, but as key members of Hong Kong’s I&T community.
     
         Once again, I thank the HKSTP for organising this amazing and meaningful gathering.
     
         Let me end by wishing you all good health, successful careers, and a bright future. Keep dreaming, keep creating, and keep moving forward.
     
         Thank you very much.
    Issued at HKT 18:06

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    July 18, 2025
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