NewzIntel.com

Category: Asia Pacific

  • PM Narendra Modi pays tribute to freedom fighter Udham Singh on his Shaheedi Diwas

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Thursday paid tribute to freedom fighter Udham Singh on his “Shaheedi Diwas,” calling his bravery a lasting inspiration for the people of India.

    In a post on X, PM Modi said, “My humble tribute to the immortal son of Mother India, martyr Udham Singh, on his martyrdom day. His saga of patriotism and bravery will always remain a source of inspiration for the people of the nation.”

    Defence Minister Rajnath Singh also honoured the revolutionary, saying Udham Singh’s supreme sacrifice continues to inspire generations.

    “My heartfelt tribute to the great freedom fighter and revolutionary Sardar Udham Singh on his ‘Shaheedi Diwas’ today. His unparalleled courage and supreme sacrifice remain a source of inspiration for generations. India will always remember his unwavering spirit and deep love for the nation,” he posted on X.

    Home Minister Amit Shah shared a detailed tribute, highlighting Udham Singh’s fierce resistance to colonial atrocities and his role in the freedom struggle.

    “Udham Singh dedicated his life to self-respect and freedom. He launched an armed rebellion against British atrocities. The Jallianwala Bagh massacre deeply disturbed him, prompting him to travel to England to avenge the killings. Through the Ghadar Party, he inspired patriotism among Indians living abroad. His courage, bravery, and sacrifice gave greater strength to India’s freedom movement. He will forever inspire the youth to put the nation above all.
    My respectful tribute to the embodiment of bravery and sacrifice, martyr Sardar Udham Singh, on his martyrdom day,” he said on X.

    Born in 1899 in Sangrur, Punjab, Udham Singh lost his parents at an early age. He was hanged on July 31, 1940, for assassinating Michael O’Dwyer, the former Lieutenant Governor of Punjab, in London — an act of revenge for the 1919 Jallianwala Bagh massacre.

    The Jallianwala Bagh massacre took place on April 13, 1919, when British Indian Army troops under Colonel Reginald Dyer opened fire on a peaceful gathering of unarmed protesters and pilgrims in Amritsar, Punjab, on the occasion of Baisakhi.

    The crowd had assembled to protest the arrest of nationalist leaders Satya Pal and Saifuddin Kitchlew. The indiscriminate firing led to massive casualties.

    According to official British records, 379 people were killed and around 1,200 injured. However, other estimates put the death toll at over 1,000.

    — ANI

  • Cambodia asks Thailand to release detained soldiers as truce holds

    Source: Government of India

    Source: Government of India (4)

    Cambodia accused Thailand on Thursday of detaining 20 of its soldiers and killing another in post-ceasefire incidents, as a fragile peace held for a third day along their disputed border.

    Five days of intense clashes between the Southeast Asian neighbours that began last week killed at least 43 people, many of them civilians, and displaced more than 300,000, until a truce brokered in Malaysia on Monday halted the fighting.

    Thailand has since accused Cambodian troops of violating the ceasefire multiple times, a charge denied by authorities in Phnom Penh, who instead allege that the Thai military has wrongfully detained a number of its soldiers.

    “We appeal to the Thai side to promptly return all 20 of our forces, including other forces if any are under Thai control,” Cambodian Prime Minister Hun Manet said on Thursday.

    In a statement, senior Cambodian defence official Lieutenant General Rath Dararoth said one Cambodian soldier had died in Thai custody since the ceasefire and his body had been returned. He did not provide further details.

    Thailand currently has custody of 20 Cambodian soldiers who had surrendered, including two who are under medical treatment, Thai Rear Admiral Surasant Kongsiri told reporters.

    “We are investigating them to verify the facts. After this is finished, they will be released,” Thailand’s Acting Prime Minister Phumtham Wechayachai said, stressing the Thai military had not violated the ceasefire agreement.

    As per talks between military commanders held after Monday’s truce announcement, Thailand and Cambodia agreed to facilitate the return of wounded soldiers and bodies of those deceased, besides refraining from reinforcing troops along the border.

    Cambodia took military attaches and diplomats to a border checkpoint on Wednesday to verify the ceasefire as both sides exchanged accusations of violating the truce.

    For decades, Thailand and Cambodia have wrangled over undemarcated points along their 817-km (508-mile) land border, with ownership of the ancient Hindu temples Ta Moan Thom and the 11th century Preah Vihear central to the disputes.

    The recent truce followed a push by Malaysia and calls by U.S. President Donald Trump’s phone calls to leaders of Thailand and Cambodia, warning them that trade deals would not be concluded if the fighting continued.

    Both countries face a tariff of 36% on goods sent to the U.S., their biggest export market.

    U.S. Commerce Secretary Howard Lutnick, in an interview with Fox News’ Sean Hannity, said early on Thursday that trade deals had been made with both countries ahead of the August 1 tariff deadline.

    (Reuters) 

  • MIL-OSI Banking: Secretary-General of ASEAN meets with Minister of Agriculture and Agri-Food of Canada

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today received the Minister of Agriculture and Agri-Food of Canada, H.E. Mr. Heath MacDonald, at the ASEAN Headquarters/ASEAN Secretariat. They discussed potential areas of cooperation between ASEAN and Canada, particularly in sustainable agriculture, the reduction of harmful agrochemicals, and the promotion of regenerative agriculture. On ASEAN-Canada Free Trade Agreement (FTA) negotiations, SG Dr. Kao encouraged Canada to adopt a constructive approach, especially in areas such as equivalence and risk assessment, which could help expedite the conclusion of the Sanitary and Phytosanitary (SPS) Chapter.

    The post Secretary-General of ASEAN meets with Minister of Agriculture and Agri-Food of Canada appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI: International Petroleum Corporation to release Second Quarter 2025 Financial and Operational Results on August 5, 2025

    Source: GlobeNewswire (MIL-OSI)

    International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) will publish its financial and operating results and related management’s discussion and analysis for the three and six months ended June 30, 2025, on Tuesday, August 5, 2025 at 07:30 CEST, followed by an audiocast at 09:00 CEST.

    Listen to William Lundin, President and CEO, and Christophe Nerguararian, CFO, commenting on the second quarter 2025 financial and operating results and the latest developments from IPC.

    Follow the presentation live starting at 09:00 CEST on Tuesday, August 5, 2025 on www.international-petroleum.com or using the link or dial-in details below:

    Presentation Link: https://ipc.videosync.fi/2025-08-05

    Dial-in numbers

    Canada/USA:   +1 786 697 3501
    UK:  +44 33 0551 0200
    Sweden:  +46 8 5052 0424

    Password

    Quote “IPC” when prompted by the operator

    International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a high quality portfolio of assets located in Canada, Malaysia and France, providing a solid foundation for organic and inorganic growth. IPC is a member of the Lundin Group of Companies. IPC is incorporated in Canada and IPC’s shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm under the symbol “IPCO”.

    For further information, please contact:

    Rebecca Gordon
    SVP Corporate Planning and Investor Relations
    rebecca.gordon@international-petroleum.com
    Tel: +41 22 595 10 50    		   Robert Eriksson
    Media Manager
    reriksson@rive6.ch
    Tel: +46 701 11 26 15

    Forward-Looking Statements
    This press release contains statements and information which constitute “forward-looking statements” or “forward-looking information” (within the meaning of applicable securities legislation). Such statements and information (together, “forward-looking statements”) relate to future events, including the Corporation’s future performance, business prospects or opportunities. Actual results may differ materially from those expressed or implied by forward-looking statements. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Forward-looking statements speak only as of the date of this press release, unless otherwise indicated. IPC does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.

    All statements other than statements of historical fact may be forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, forecasts, guidance, budgets, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “forecast”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “budget” and similar expressions) are not statements of historical fact and may be “forward-looking statements”.

    Attachment

    The MIL Network –

  • MIL-OSI Asia-Pac: Government posts land resumption notices for resumption of private lots required for construction of Northern Link Main Line

    Source: Hong Kong Government special administrative region

    Government posts land resumption notices for resumption of private lots required for construction of Northern Link Main Line 
         In all, 686 private lots with a total area of about 26 hectares as well as an underground strata of 252 private lots with a total area of about 8.6 hectares will be resumed by the Government. The said land will revert to the Government upon the expiry of a period of three months from the date of affixing the land resumption notices (i.e. November 1, 2025). The Government will release ex-gratia land compensation to the relevant land owners and handle relevant statutory claims for compensation after the land reversion.
     
    The land reversion date is the date of vesting of the ownership of the land in the Government. It is not the departure deadline of the affected households and business undertakings. According to the project programme, the Lands Department will post notices in relevant areas in accordance with the applicable procedures about three months before the departure deadlines of the affected households and business undertakings. It is estimated that the affected households and business undertakings will have to move out starting from early 2026 at the earliest. The Government will closely liaise with the relevant land owners and affected parties, and properly handle their compensation and rehousing matters.
     
    The Government has earlier executed the Part 1 Project Agreement of the NOL Project (comprising both the NOL Main Line and the NOL Spur Line) with the MTR Corporation Limited (MTRCL) to commence works on the NOL Main Line that are more ready and time-critical, and also required the MTRCL to carry out the detailed planning and design of the NOL Spur Line including relevant statutory procedures in parallel. The NOL Main Line would become the public transportation backbone for multiple new development areas in the Northern Metropolis and connect the existing Tuen Ma Line and East Rail Line, forming a railway loop linking the New Territories and the Kowloon urban area. This will substantially enhance the coverage and resilience of the railway network and also unleash the development potential of the Northern Metropolis. The NOL Spur Line, as a cross-boundary bifurcation of the NOL Project, would connect the metro networks of Hong Kong and Shenzhen, offering both local commuting functions within Hong Kong as well as cross-boundary railway services. 
    Issued at HKT 15:40

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: HK Talent Engage revamps website

    Source: Hong Kong Information Services

    Hong Kong Talent Engage (HKTE) revamped its website today, enabling outside talent to efficiently and precisely search for practical information on talent admission schemes, settling in Hong Kong and career development.

    With clearer categorisation and a new interface, the updated website creates a more user-friendly platform which can support outside talent in pursuing development in Hong Kong, HKTE highlighted.

    Based on the core themes “Work”, “Live” and “Thrive”, the website offers a number of enhanced features:

    (1) An expanded guide to living in Hong Kong, covering 18 categories including education, healthcare and taxation.

    (2) A new dedicated page for HKTE activities, providing one-stop registration services.

    (3)  An enhanced recruitment platform network.

    (4) The introduction of a chatbot function to give instant feedback to enquiries.

    The website also provides detailed information about Hong Kong’s advantages under the “one country, two systems” principle of having the strong support of the country while maintaining unparalleled connectivity with the world, as well as the city’s positioning for the development of the “eight centres”.

    In addition, the HKTE announced that it has changed its logo.

    The new logo aligns with the three core themes of the latest website and incorporates the colours of these themes to highlight vibrancy and creativity, symbolising talent settling and thriving in Hong Kong while embracing opportunities, it explained.

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: Underwriting Auction for sale of Government Securities for ₹32,000 crore on August 01, 2025

    Source: Reserve Bank of India

    Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on August 01, 2025 (Friday).

    As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Dealer (PD), are as under:

    (₹ crore)
    Security Notified Amount  MUC amount per PD Minimum bidding commitment per PD under ACU auction
    6.68% GS 2040 16,000 381 381
    6.90% GS 2065 16,000 381 381

    The underwriting auction will be conducted through multiple price-based method on August 01, 2025 (Friday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E-Kuber) System between 09:00 A.M. and 09:30 A.M. on the day of underwriting auction.

    The underwriting commission will be credited to the current account of the respective PDs with RBI on the day of issue of securities.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/813

    MIL OSI Economics –

  • Myanmar forms commission led by junta chief to hold elections, state media says

    Source: Government of India

    Source: Government of India (4)

    Myanmar’s ruling junta announced the formation of a 11-member commission led by military chief Min Aung Hlaing to hold an election in the war-torn country, state media reported on Thursday.

    The junta did not announce a date for the election and Min Aung Hlaing will continue to effectively remain in charge of the country, in his capacity as the interim president who will oversee the vote, MRTV reported.

    The proposed election, which Min Aung Hlaing on Wednesday confirmed would take place in December, will be the first national vote since a 2021 coup sparked a civil war and plunged the Southeast Asian nation into chaos.

    Min Aung Hlaing will remain commander in chief of the armed forces while serving as interim president.

    (Reuters)

  • MIL-OSI Russia: Philippines is a troublemaker in the South China Sea – Chinese Defense Ministry

    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 30 (Xinhua) — The Philippines is a troublemaker and a source of danger in the South China Sea (SCS), Chinese Defense Ministry spokesman Zhang Xiaogang said.

    Zhang Xiaogang made the remarks at a press conference on Wednesday, commenting on the Philippine defense minister’s statement that the Philippine military will resolutely respond to China’s “aggressive” actions in the South China Sea and reports that the Philippines is strengthening defense cooperation with the United States, Australia, Japan and India.

    The official representative called such statements a complete distortion of the facts and an attempt to shift the blame.

    The territorial boundaries of the Philippines have long been defined by a number of international treaties, and the islands in the South China Sea are outside these boundaries, Zhang Xiaogang noted.

    He noted that the Philippine side, however, illegally occupies individual reefs and islands of the Nansha Archipelago, which belongs to China, often provokes and creates obstacles for China at sea, and even condones extra-regional forces in escalating tensions in the South China Sea.

    China remains steadfast in safeguarding its territorial sovereignty, maritime rights and interests, and will continue to resolutely oppose the Philippines’ encroachments and provocative actions in accordance with laws and regulations, Zhang Xiaogang concluded. –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.

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    MIL OSI Russia News –

  • MIL-OSI Russia: D. Trump announced the introduction of 25 percent customs duties on imports from India

    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

    NEW YORK, July 30 (Xinhua) — U.S. President Donald Trump said on Wednesday that Indian goods exported to the United States will be subject to a 25 percent tariff starting Aug. 1, the American leader said in a post on the Truth Social social network.

    According to D. Trump, although India is “our friend,” the United States does “relatively little business with it because their tariffs are too high.” The American president added that India has “the most onerous and obnoxious non-monetary trade barriers of any country.”

    The head of the White House also noted that India “has always purchased the vast majority of military equipment from Russia and is the largest buyer of Russian energy resources.”

    Therefore, he announced, starting from August 1, India will pay 25 percent customs duties and “a penalty for the above.”

    U.S. Trade Representative Jamison Greer told CNBC on July 28 that the United States needs more time to negotiate with India to assess the country’s readiness to open its market more to American goods.

    Any tariff rate of 20 percent or more would be a disappointment to India, which had sought better terms than the 19 percent Trump offered Indonesia and the Philippines, Bloomberg reported Tuesday. –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.

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    MIL OSI Russia News –

  • MIL-OSI Russia: China urges Japan to speed up entire process of disposal of abandoned chemical weapons on Chinese territory

    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 30 (Xinhua) — China on Wednesday called on Japan to speed up the entire process of disposing of Japanese chemical weapons abandoned in China and restore a clean land for the Chinese people and justice for the international community as soon as possible.

    Chinese Foreign Ministry spokesman Guo Jiakun made the call at a daily ministry briefing in response to a reporter’s question.

    “The abandoned Japanese chemical weapons in China represent one of the most serious crimes committed by Japanese militarists during the war of conquest against China,” the diplomat said.

    Guo Jiakun stressed that China has always called on Japan to completely and thoroughly destroy them as soon as possible in strict accordance with the Chemical Weapons Convention and the memorandum of understanding between the governments of the two countries. “To date, the Japanese side has removed about 160,000 units of abandoned chemical weapons from underground and destroyed nearly 130,000. However, the disposal process as a whole is seriously behind schedule,” the official said.

    He recalled that this year marks the 80th anniversary of the Victory in the Chinese People’s War of Resistance against Japanese Aggression and the World Anti-Fascist War, and July 30 marks the 26th anniversary of the signing of the Memorandum of Understanding between the governments of China and Japan on the destruction of chemical weapons left by Japan on Chinese territory.

    Guo Jiakun said that even today, abandoned Japanese chemical weapons continue to pose a serious threat to the safety of the lives and property of the Chinese people, as well as to the environment, and the Japanese side bears undeniable historical responsibility for this.

    China calls on Japan to seriously respond to the concerns of China and the international community, deeply reflect on its history of aggression, strictly fulfill its obligations and effectively enhance its contribution in all aspects, the spokesperson said.

    “Japan must do its utmost to speed up the entire process of disposing of abandoned chemical weapons so that the day will soon come when the Chinese people no longer have to live in a land desecrated by chemical weapons and justice will be restored to the international community,” Guo Jiakun added. -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.

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    MIL OSI Russia News –

  • MIL-OSI Russia: Chinese automaker Dongfeng launches nine new models in Egypt

    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

    CAIRO, July 31 (Xinhua) — Chinese automaker Dongfeng launched nine new models in the Egyptian market on Wednesday.

    The launch ceremony, which took place at the Cairo International Exhibition Centre, showcased a diverse lineup of models, including the MAGE ICE compact SUV, SHINE ICE sedan, and a range of electric and hybrid vehicles: DONGFENG BOX, DONGFENG 007, MAGE EV, VOYAH FREE, VOYAH DREAM, VOYAH PASSION and MHERO 917.

    Liao Qingli, the company’s general manager for the African market, said the new vehicles for the Egyptian market reflect Dongfeng’s advanced engineering technology and innovation, as well as the company’s commitment to meeting the growing needs of Egyptian consumers, adding that the company will open a regional office in Africa and an auto parts warehouse in Egypt.

    According to the company, Dongfeng has more than 50 years of experience in automobile manufacturing, and its overseas business covers more than 100 countries and regions in Asia, Africa, South America and Europe. –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.

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    MIL OSI Russia News –

  • MIL-OSI Russia: D. Trump announced the conclusion of a trade agreement with the Republic of Korea

    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

    WASHINGTON, July 30 (Xinhua) — U.S. President Donald Trump on Wednesday announced a trade deal with the Republic of Korea.

    “We have agreed to impose a 15 percent tariff on South Korea. There will be no tariff on America,” he wrote on the Truth Social social network.

    “The deal is that South Korea will provide the United States with $350 billion for investments owned and controlled by the United States and selected by me as President,” Trump said. –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.

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    MIL OSI Russia News –

  • MIL-OSI Russia: International Conference on the Implementation of the “Two States for Two Peoples” Principle Concludes General Debate at the UN

    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

    UNITED NATIONS, July 30 (Xinhua) — The High-Level International Conference on the Peaceful Settlement of the Palestinian Question and the Realization of the “Two-State Solution” concluded its general debate on Wednesday.

    The final document was circulated to delegations for consideration, and the conference, co-chaired by France and Saudi Arabia, will resume its work later to decide on the text of the document.

    “States can approve the document before the beginning of September if they wish,” the representative of Saudi Arabia said, closing the session.

    The three-day conference, authorized by the UN General Assembly in December 2024, was originally scheduled for June but was postponed due to the outbreak of conflict between Iran and Israel.

    Several countries, including the United Kingdom and Singapore, have announced their intention to recognize the State of Palestine.

    Malta’s representative told a conference on Wednesday that his country could formally recognise the State of Palestine at the upcoming UN General Assembly session in September, describing the decision as “a concrete step towards achieving a just and lasting peace.” -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.

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    MIL OSI Russia News –

  • MIL-OSI Russia: Since 2021, the remains of 265 fallen Chinese People’s Volunteers have been returned to 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 31 (Xinhua) — The remains of 265 Chinese People’s Volunteers soldiers killed in the War to Resist U.S. Aggression and Aid Korea (1950-1953) have been returned to China from 2021 to date and burial ceremonies have been held, a spokesperson for the Ministry of Veterans Affairs said Thursday.

    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.

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    MIL OSI Russia News –

  • MIL-OSI Russia: DNA samples collected from 981 Chinese soldiers killed in the War to Resist American Aggression and Aid Korea

    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 31 (Xinhua) — China has collected DNA samples from the returned remains of 981 Chinese People’s Volunteers soldiers who died in the War to Resist U.S. Aggression and Aid Korea (1950-1953), as well as DNA samples from more than 1,300 family members of Chinese volunteers who died in the war, Chinese Veterans Affairs Minister Pei Jinjia said Thursday.

    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.

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    MIL OSI Russia News –

  • MIL-OSI Russia: IMF raises Malaysia’s economic growth forecasts for 2025 and 2026

    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

    KUALA LUMPUR, July 31 (Xinhua) — The International Monetary Fund (IMF) on Wednesday raised its economic growth forecasts for Malaysia for 2025 and 2026.

    Malaysia’s real gross domestic product (GDP) growth will be 4.5 percent and 4 percent in 2025 and 2026, respectively, the IMF said in its latest World Economic Outlook.

    Growth forecasts were revised upward by 0.4 percentage points and 0.2 percentage points compared with previous estimates in April.

    Malaysia’s economy grew by 3.5 percent and 5.1 percent year-on-year in 2023 and 2024, respectively.

    These upward forecasts coincided with the IMF’s higher forecasts for global economic growth. –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.

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    MIL OSI Russia News –

  • MIL-OSI Russia: Flash: Myanmar’s National Defence and Security Council forms new Union Government and National Security and Peace Commission – state media

    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

    Xinhua | 31.07.2025

    Key words: Myanmar

    Source: Xinhua

    Flash: Myanmar’s National Defence and Security Council forms new Union Government and National Security and Peace Commission – state media Flash: Myanmar’s National Defence and Security Council forms new Union Government and National Security and Peace Commission – state media

    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.

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    MIL OSI Russia News –

  • MIL-OSI Russia: Breaking: Myanmar’s National Defence and Security Council forms new Union Government and National Security and Peace Commission – state media

    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

    YANGON, July 31 (Xinhua) — Myanmar’s National Defence and Security Council on Thursday formed a new Union Government led by Nyo Soe and a National Security and Peace Commission headed by Senior General Min Aung Hlaing, state broadcaster MRTV reported. -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.

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    MIL OSI Russia News –

  • MIL-OSI Russia: Kirill Prigoda is our champion!

    Translation. Region: Russian Federal

    Source: Peter the Great St. Petersburg Polytechnic University –

    An important disclaimer is at the bottom of this article.

    The renowned polytechnician, assistant of the Higher School of Sports Education of the Institute of Physical Culture and Sport, Kirill Prigoda became the winner of the World Aquatics Championships in Singapore. He won gold in the 4×100 m combined relay. And before that, he won silver in the individual event at the 50 m breaststroke.

    The World Championships are being held in Singapore from July 11 to August 3. On July 30, Kirill Prigoda, Miron Lifintsev, Darya Klepikova and Darya Trofimova won the combined relay. Our team not only won a confident victory in the final, but also set a new world championship record – 3:37.37. This victory went down in history – before it, Russian swimmers had not won the relay at major international tournaments for 22 years! The last time our athletes won was in 2003. Then Kirill Prigoda was seven years old.

    The emotions are very pleasant, because the team gave 110%. The guys are great, but the championship is not over yet. We will celebrate at the end of the competition, – said Kirill Prigoda on air at Match TV.

    Let us remind you that the Russian team is performing in Singapore in a neutral status. Thus, during the swim it was forbidden to chant “Russia”. This is a strict condition of the International Swimming Federation. The team was given a special guide. If we violated it, we were threatened with exclusion from the championship. And even though we did not see the Russian flag or hear our anthem at the awards ceremony, everyone in the world understood that the Russians were on the top step of the podium.

    Less than an hour before the team victory, Kirill Prigoda secured the title of vice-champion in the 50-meter breaststroke. In the final swim, he showed a result of 26.62 seconds. This medal was the 11th for the Russians and the first personal award for Russian swimmers at the current championship.

    We are proud of Kirill and once again we are convinced that Polytechnic University helps develop abilities and talents in science, creativity, and sports! – noted SPbPU Rector Andrey Rudskoy.

    Kirill Prigoda is already an eight-time world champion! He is also a four-time world championship medalist, a two-time European champion, and a silver and bronze medalist at the European Short Course Championships. He currently holds three world records.

    The World Championships are ongoing, and Kirill Prigoda has a great opportunity to add to the Russian team’s medal collection.

    Photo: © RIA Novosti / Maxim Bogodvid / EPA / TASS

    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.

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  • MIL-OSI Russia: New Zealand nurses strike over pay offer, staff shortages

    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

    WELLINGTON, July 31 (Xinhua) — More than 36,000 nurses, midwives and health care assistants across New Zealand began a 24-hour strike on Wednesday morning after talks with authorities over wages and recruitment ended in failure.

    The wages offered by the New Zealand Ministry of Health are not satisfactory for nurses and staff shortages are becoming a serious problem.

    According to national radio station Radio New Zealand, the country’s Ministry of Health offered a 3 per cent pay rise over 27 months, while the New Zealand Nurses Organisation (NZNO) counter-offered a 5 per cent pay rise over two years.

    Meanwhile, data obtained by NZNO from the New Zealand Ministry of Health shows that more than half of day shifts in hospital surgeries were understaffed last year.

    NZNO chief executive Paul Goulter has accused the government of failing to meet urgent demands for staff to fill positions identified as essential to ensure safe staffing.

    “NZNO has expressed concern about the chronic and ongoing staff shortages throughout the collective agreement negotiation process that began in September last year,” Pg Goulter said.

    However, life-saving services will continue to be provided. “The public can be assured that we have an agreement with NZNO to support life-saving services throughout the strike and our hospitals and emergency departments will continue to operate,” said New Zealand Health chief executive Dr Dale Bramley. –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.

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  • MIL-OSI Russia: Over 10,000 people evacuated in southern Myanmar due to flooding

    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

    YANGON, July 31 (Xinhua) — A total of 10,395 people from 2,298 families have been evacuated to 24 temporary shelters due to flooding in Hpa-an township in Kayin state, state broadcaster Myanmar Radio Television reported late Wednesday.

    The evacuation was carried out by disaster management committee members, firefighters, the Myanmar Red Cross Society and community organisations on Wednesday as the water level of the Thanlwin River exceeded the danger mark due to heavy rain, the statement said.

    Water levels rose about six feet above the danger mark on Thursday and are expected to remain at that level for at least another day, according to the Department of Meteorology and Hydrology.

    The Kayin State Government, in collaboration with philanthropists, is providing basic food items, while the Ministry of Health is providing medical care and other services, the statement said. –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.

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  • MIL-OSI Russia: Students in Jilin Province Undergo Internship to Study Culture of Northeast China’s Anti-Japanese Allied Army

    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

    Recently, under the auspices of the Jilin Provincial Komsomol Committee and Tonghua Normal University, a student internship entitled “Developing the Spirit of the Anti-Japanese United Army – Resolute Youth Ready for Responsibility” was organized to study the culture of the Northeast China Anti-Japanese United Army.

    The event brought together 140 teachers and students from 15 practical teams representing 13 universities in and outside Jilin Province. The participants retraced the steps of the revolution and delved into important revolutionary sites and museums in the province, including three iconic formation and battlefields of the Anti-Japanese Allied Army, as well as three “cradles” of China’s industry. Through hands-on learning, historical immersion, and discussion, the teams grasped the modern reinterpretation of the spirit of the Anti-Japanese Allied Army in Northeast China, which helps consolidate the resolute youth force to serve the motherland.

    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.

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  • MIL-OSI Russia: China-Central Asia Cooperation Center for Preventing and Combating Desertification Established

    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

    YINCHUAN, July 31 (Xinhua) — The China-Central Asia Cooperation Center on Desertification Prevention and Control was launched on Wednesday under the Forestry and Grassland Administration of northwest China’s Ningxia Hui Autonomous Region. The establishment of the center is an important step in implementing the outcomes of the 2nd China-Central Asia Summit and is intended to contribute to the construction of the green Belt and Road.

    As it became known, under the auspices of the center, 6 demonstration practice-oriented bases will be created, primarily concerning the establishment of production with the specificity of sandy terrain, the development of plant varieties adapted to the conditions of sandy soils and the improvement of territories subject to erosion. It is planned to implement practical cooperation in the relevant areas with the countries of Central Asia. Deepening cooperation in technology transfer, project implementation, professional training and in other areas, as emphasized, should lead to an increase in the overall potential for preventing and combating desertification.

    Ningxia is the only provincial-level region in China that has the status of a model zone for preventing and combating desertification, which pays serious attention to international cooperation: 24 cooperation projects have been implemented to date. Experts from 72 countries and regions of the world and international organizations have become familiar with Ningxia’s experience by personally visiting this Chinese region. It also periodically organizes international seminars on this issue.

    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.

    .

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  • MIL-OSI Russia: Palestine recognition for Australian federal government ‘when, not if’ – Treasurer

    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

    CANBERRA, July 31 (Xinhua) — For the Australian federal government, recognizing Palestine is a matter of “when, not if,” Treasurer Jim Chalmers told ABC on Thursday.

    “There are still a number of obstacles to recognizing a Palestinian state. For example, the treatment of hostages, their release, ensuring that Hamas plays absolutely no role,” Chalmers said.

    He made the statement shortly before Canadian Prime Minister Mark Carney announced his country’s intention to recognize Palestinian statehood at the 80th session of the UN General Assembly in September.

    On Tuesday, foreign ministers from 15 countries, including Australia and Canada, issued a joint statement reaffirming their “unwavering commitment” to a two-state solution for Palestine.

    Australian Prime Minister Anthony Albanese is under pressure from his fellow party members to recognize Palestinian statehood, ABC reported Thursday. –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.

    .

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  • MIL-OSI Asia-Pac: Advance estimates on Gross Domestic Product for second quarter of 2025

    Source: Hong Kong Government special administrative region

    The Census and Statistics Department (C&SD) released today (July 31) the advance estimates on Gross Domestic Product (GDP) for the second quarter of 2025.
     
    According to the advance estimates, GDP increased by 3.1% in real terms in the second quarter of 2025 over a year earlier, compared with the increase of 3.0% in the first quarter.
     
    Analysed by major GDP component, private consumption expenditure increased by 1.9% in real terms in the second quarter of 2025 over a year earlier, as against the decrease of 1.2% in the first quarter.
     
    Government consumption expenditure measured in national accounts terms recorded an increase of 2.5% in real terms in the second quarter of 2025 over a year earlier, compared with the increase of 0.9% in the first quarter.
     
    Gross domestic fixed capital formation increased by 2.9% in real terms in the second quarter of 2025 over a year earlier, following the increase of 1.1% in the first quarter.
     
    Over the same period, total exports of goods measured in national accounts terms recorded an increase of 11.5% in real terms over a year earlier, accelerated further from the growth of 8.4% in the first quarter. Imports of goods measured in national accounts terms grew by 12.7% in real terms in the second quarter of 2025, compared with the increase of 7.2% in the first quarter.
     
    Exports of services rose further by 7.5% in real terms in the second quarter of 2025 over a year earlier, after the increase of 6.3% in the first quarter. Imports of services increased by 7.0% in real terms in the second quarter of 2025, compared with the increase of 4.7% in the first quarter.
     
    On a seasonally adjusted quarter-to-quarter comparison basis, GDP increased by 0.4% in real terms in the second quarter of 2025 when compared with the first quarter.

    Commentary
     
    A Government spokesman said that the Hong Kong economy continued to expand solidly in the second quarter of 2025, supported by strong exports performance and improved domestic demand. According to the advance estimates, real GDP grew by 3.1% over a year earlier, picking up slightly from the preceding quarter. On a seasonally adjusted quarter-to-quarter basis, real GDP rose further by 0.4%.
     
    Analysed by major expenditure component, total exports of goods saw accelerated growth, as the external demand was resilient and the temporary easing of US tariff measures led to some “rush shipments”. Exports of services continued to expand notably, thanks to strong growth in inbound tourism, further expansion in cross-boundary traffic, and vibrant financial and related business service activities amid the buoyant local stock market. Domestically, private consumption expenditure resumed moderate growth after four consecutive quarters of decline, as supported by the stabilisation in the domestic consumption market. Meanwhile, overall investment expenditure increased further alongside the economic expansion.
     
    The Hong Kong economy exhibited remarkable resilience in the first half of 2025. Looking ahead, steady economic growth in Asia, particularly in the Mainland, combined with the Government’s various measures to bolster consumption sentiment, attract investment, diversify markets, and promote economic growth, will continue to provide steadfast support for various segments of the Hong Kong economy. Nevertheless, uncertainties in the external environment remain elevated. The US’ renewed tariff hikes of late will exert pressure on global trade flows as well as its domestic economic activity and inflation. The uncertain pace of US interest rate cuts will also affect investment sentiment. Moreover, the “rush shipment” effect is expected to fade later this year. Hong Kong’s economic performance going forward will, to a certain extent, depend on how these factors evolve.
     
    The revised figures on GDP and more detailed statistics for the second quarter of 2025, as well as the revised GDP forecast for 2025, will be released on August 15, 2025.
     
    Further information
     
    The year-on-year percentage changes of GDP and selected major expenditure components in real terms from the second quarter of 2024 to the second quarter of 2025 are shown in Table 1.
     
    When more data become available, the C&SD will compile revised figures on GDP. The revised figures on GDP and more detailed statistics for the second quarter of 2025 will be released at the C&SD website (www.censtatd.gov.hk/en/scode250.html) and the Gross Domestic Product by Expenditure Component report (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1030001&scode=250) on August 15, 2025.
     
    For enquiries about statistics on GDP by expenditure component, please contact the National Income Branch (1) of the C&SD (Tel: 2582 5077 or email: gdp-e@censtatd.gov.hk).

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Provisional statistics of retail sales for June 2025

    Source: Hong Kong Government special administrative region

         The Census and Statistics Department (C&SD) released the latest figures on retail sales today (July 31).

         The value of total retail sales in June 2025, provisionally estimated at $30.1 billion, increased by 0.7% compared with the same month in 2024. The revised estimate of the value of total retail sales in May 2025 increased by 2.4% compared with a year earlier. For the first half of 2025, it was provisionally estimated that the value of total retail sales decreased by 3.3% compared with the same period in 2024.

         Of the total retail sales value in June 2025, online sales accounted for 8.5%. The value of online retail sales in that month, provisionally estimated at $2.5 billion, increased by 8.4% compared with the same month in 2024. The revised estimate of online retail sales in May 2025 decreased by 1.2% compared with a year earlier. For the first half of 2025, it was provisionally estimated that the value of online retail sales decreased by 0.4% compared with the same period in 2024.

         After netting out the effect of price changes over the same period, the provisional estimate of the volume of total retail sales in June 2025 decreased by 0.3% compared with a year earlier. The revised estimate of the volume of total retail sales in May 2025 increased by 1.9% compared with a year earlier. For the first half of 2025, the provisional estimate of the total retail sales decreased by 4.7% in volume compared with the same period in 2024.

         Analysed by broad type of retail outlet in descending order of the provisional estimate of the value of sales and comparing June 2025 with June 2024, the value of sales of jewellery, watches and clocks, and valuable gifts increased by 6.8%. This was followed by sales of other consumer goods not elsewhere classified (+7.2% in value); commodities in supermarkets (+0.4%); medicines and cosmetics (+6.0%); commodities in department stores (+5.7%); and optical shops (+1.0%).

         On the other hand, the value of sales of wearing apparel decreased by 4.3% in June 2025 over a year earlier. This was followed by sales of food, alcoholic drinks and tobacco (-1.5% in value); electrical goods and other consumer durable goods not elsewhere classified (-9.3%); motor vehicles and parts (-6.0%); fuels (-8.7%); furniture and fixtures (-16.3%); footwear, allied products and other clothing accessories (-7.2%); Chinese drugs and herbs (-2.0%); and books, newspapers, stationery and gifts (-4.7%).

         Based on the seasonally adjusted series, the provisional estimate of the value of total retail sales increased by 0.3% in the second quarter of 2025 compared with the preceding quarter, while the provisional estimate of the volume of total retail sales increased by 2.7%.
     
    Commentary

         A government spokesman said that retail sales showed signs of stabilisation in recent months. The value of total retail sales increased further by 0.7% in June 2025 over the year.

         Looking ahead, the spokesman said continued increase in employment earnings, buoyant local stock market, coupled with the Government’s proactive efforts in promoting tourism and mega events and also enterprises’ strenuous effort in providing more diversified experiences would provide support to the consumption sentiment in the domestic market and businesses of the retail sector.

    Further information

         Table 1 presents the revised figures on value index and value of retail sales for all retail outlets and by broad type of retail outlet for May 2025 as well as the provisional figures for June 2025. The provisional figures on the value of retail sales for all retail outlets and by broad type of retail outlet as well as the corresponding year-on-year changes for the first half of 2025 are also shown.

         Table 2 presents the revised figures on value of online retail sales for May 2025 as well as the provisional figures for June 2025. The provisional figures on year-on-year changes for the first half of 2025 are also shown.

         Table 3 presents the revised figures on volume index of retail sales for all retail outlets and by broad type of retail outlet for May 2025 as well as the provisional figures for June 2025. The provisional figures on year-on-year changes for the first half of 2025 are also shown.

         Table 4 shows the movements of the value and volume of total retail sales in terms of the year-on-year rate of change for a month compared with the same month in the preceding year based on the original series, and in terms of the rate of change for a three-month period compared with the preceding three-month period based on the seasonally adjusted series.

         The classification of retail establishments follows the Hong Kong Standard Industrial Classification (HSIC) Version 2.0, which is used in various economic surveys for classifying economic units into different industry classes.

         These retail sales statistics measure the sales receipts in respect of goods sold by local retail establishments and are primarily intended for gauging the short-term business performance of the local retail sector. Data on retail sales are collected from local retail establishments through the Monthly Survey of Retail Sales (MRS). Local retail establishments with and without physical shops are covered in MRS and their sales, both through conventional shops and online channels, are included in the retail sales statistics.

         The retail sales statistics cover consumer spending on goods but not on services (such as those on housing, catering, medical care and health services, transport and communication, financial services, education and entertainment) which account for over 50% of the overall consumer spending. Moreover, they include spending on goods in Hong Kong by visitors but exclude spending outside Hong Kong by Hong Kong residents. Hence they should not be regarded as indicators for measuring overall consumer spending.

         Users interested in the trend of overall consumer spending should refer to the data series of private consumption expenditure (PCE), which is a major component of the Gross Domestic Product published at quarterly intervals. Compiled from a wide range of data sources, PCE covers consumer spending on both goods (including goods purchased from all channels) and services by Hong Kong residents whether locally or abroad. Please refer to the C&SD publication “Gross Domestic Product by Expenditure Component” for more details.

         More detailed statistics are given in the “Report on Monthly Survey of Retail Sales”. Users can browse and download this publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080003&scode=530).

         Users who have enquiries about the survey results may contact the Distribution Services Statistics Section of the C&SD (Tel: 3903 7400; email: mrs@censtatd.gov.hk).

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Government’s financial results for three months ended June 30, 2025

    Source: Hong Kong Government special administrative region

    Government’s financial results for three months ended June 30, 2025 

     June 30, 2025
    HK$ millionJune 30, 2025
    HK$ millionand repayment of
    Government Bondsissuance of
    Government BondsGovernment Bonds*and repayment of
    Government BondsGovernment Debts as at June 30, 2025 (Note 3)
        HK$323,357 million
    Debts Guaranteed by Government as at June 30, 2025 (Note 4)
        HK$121,369 million

    TABLE 2. FISCAL RESERVES
     

     June 30, 2025
    HK$ millionJune 30, 2025
    HK$ millionissuance and repayment of
    Government Bonds(Note 5)Notes:

    1. This Account consolidates the General Revenue Account and the following eight Funds: Capital Works Reserve Fund, Capital Investment Fund, Civil Service Pension Reserve Fund, Disaster Relief Fund, Innovation and Technology Fund, Land Fund, Loan Fund and Lotteries Fund. It excludes the Bond Fund, the balance of which is not part of the fiscal reserves. The Bond Fund balance as at June 30, 2025, was HK$216,709 million.Issued at HKT 16:30

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Exchange Fund Position at end-June 2025

    Source: Hong Kong Government special administrative region

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

         The Hong Kong Monetary Authority (HKMA) today (July 31) published the unaudited financial position of the Exchange Fund at end-June 2025.

         The Exchange Fund recorded an investment income of HK$194.4 billion in the first half of 2025. The main components were:
     

    • gains on bonds of HK$75.3 billion;
    • gains on Hong Kong equities of HK$22.9 billion;
    • gains on other equities of HK$27.4 billion;
    • positive currency translation effect of HK$56.8 billion on non-Hong Kong dollar assets (Note 1); and
    • gains on other investments of HK$12.0 billion (Note 2).

         Fees on placements by the Fiscal Reserves and placements by Hong Kong Special Administrative Region Government funds and statutory bodies were HK$8.5 billion (Note 3) and HK$8.3 billion respectively in the first half of 2025, with the rate of fee payment at 4.4 per cent for 2025.

         Total assets of the Exchange Fund stood at HK$4,297.1 billion at end-June 2025, an increase of HK$216.1 billion from the end of 2024. Accumulated surplus stood at HK$877.9 billion at end-June 2025.

         The Chief Executive of the HKMA, Mr Eddie Yue, said, “The global financial markets experienced significant volatility in the first half of 2025 due to escalating trade barriers and frictions, as well as intensifying geopolitical tensions in the Middle East. In particular, following the announcement of a series of aggressive tariff measures by the US Government in early April, the global financial markets underwent massive sell-offs, with the equity and bond markets experiencing sharp declines. The S&P 500 fell by roughly 12 per cent over a few days since April 3. The 10-year US Treasury yield also surged by 50 basis points to around 4.5 per cent within a week in April, registering the sharpest weekly change since the pandemic outbreak in 2020.

         As the US and major economies made progress in tariff negotiations, investor confidence stabilised and global equity markets rebounded. The Hong Kong equities also benefitted from capital inflows and the Hang Seng Index rose by about 20 per cent in the first half. As for the bond market, the US Fed kept its monetary policy target unchanged in the first half of the year. Hence, US bond yields stayed at relatively high levels, generating good interest income for the Exchange Fund’s bond portfolio. 

         Against this backdrop, the Exchange Fund recorded a decent investment income in the first half of 2025, with positive returns across major asset classes of bonds, equities and alternative investments. The weakening of the US dollar against major currencies in the first half also resulted in significant positive currency translation effect on the Exchange Fund’s assets.”

         He added, “While the Exchange Fund achieved good returns in the first half of the year, the investment landscape in the second half remains highly uncertain. The uncertainty of US Government’s economic and trade policies will affect international capital flows, as well as corporates’ earnings and investment decisions. Any increase in trade frictions or deterioration in geopolitical situations may cause a slowdown in global economic growth, and may also trigger a sharp reversal of market optimism, bringing shocks to the financial markets. In addition, the pace of adjustments of the Fed’s monetary policy and concerns over the US Government’s debt servicing ability may also affect the performance of US dollar assets and the US dollar against other currencies. While a sizeable part of the Exchange Fund’s investment income in the first half was from the positive foreign currency translation effect, these valuation changes are subject to fluctuations and may not be sustained in the second half of the year.

         In the face of the complex and volatile investment environment, the HKMA will continue to adhere to the principle of capital preservation first while maintaining long-term growth. We will continue to manage the Exchange Fund with prudence and flexibility, implement appropriate defensive measures, and maintain a high degree of liquidity. We will also continue our investment diversification to strive for higher long-term returns, and ensure that the Exchange Fund remains effective in achieving its purpose of maintaining monetary and financial stability of Hong Kong.”

    Note 1: This is primarily the effect of translating foreign currency assets into Hong Kong dollar after deducting the portion for currency hedging.
    Note 2: This is the valuation change of investments held by investment holding subsidiaries of the Exchange Fund. This figure reflects the valuations at the end of March 2025. Valuation changes of these investments from April to June are not yet available.
    Note 3: This does not include the 2025 fee payment to the Future Fund because such amount will only be disclosed when the composite rate for 2025 is available.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Student subsidies criteria revised

    Source: Hong Kong Information Services

    The Government today announced the revision of the eligibility criteria for government-subsidised post-secondary student places and subsidies.

    The revision – which will introduce two categories of tuition fees and revise the eligibility criteria – will apply to the 2027-28 academic year and thereafter.

    Under the current admissions arrangements, dependant visa/entry permit holders who were below 18 years old when first issued with the visa/entry permit by the Immigration Department (ImmD) are considered local students.

    There has been recent concern that some of these students did not come to reside in Hong Kong but applied for government-subsidised student places at University Grants Committee-funded universities as local students, which affected opportunities for university admission and the targeted use of public funds.

    Having regard to overseas practices and the practical situation in Hong Kong, the Education Bureau considers it necessary for dependant children to reside in Hong Kong for two years before becoming eligible for government-subsidised post-secondary student places.

    In addition, holders of a full-time employment visa/work permit or a visa/entry permit for various admission schemes will no longer be eligible for government-subsidised post-secondary student places.

    The two categories of tuition fees being introduced are subsidised fees and non-subsidised fees respectively.

    Persons holding specific documents are eligible for government-subsidised student places in relation to sub-degree, undergraduate and taught postgraduate programmes.

    These documents include a Hong Kong permanent identity card, other documents issued by the ImmD showing the right to land/right of abode in Hong Kong, and a visa label for unconditional stay; a One-way Permit for entry to Hong Kong; and a dependant visa/entry permit.

    Holders of a dependant visa/entry permit who were below 18 years old when first issued with the visa/entry permit by the ImmD, must have resided in Hong Kong for two years immediately preceding the first day of their respective programmes. 

    The Government will put in place a transitional arrangement for the revision, whereby the residency requirement for the 2027-28 academic year will be set at one year. The two-year residency requirement will be implemented starting from the 2028-29 academic year.

    MIL OSI Asia Pacific News –