Category: Asia Pacific

  • MIL-OSI: Andes Technology and proteanTecs Partner to Bring Performance and Reliability Monitoring to RISC-V Cores

    Source: GlobeNewswire (MIL-OSI)

    TAIPEI, Taiwan and HAIFA, Israel, Feb. 25, 2025 (GLOBE NEWSWIRE) — proteanTecs’ on-chip monitoring successfully integrated into the AndesCore™ AX45MPRISC-V multicore vector processor

    Andes Technology Corporation (TWSE: 6533), a leading supplier of RISC-V processor IP, and proteanTecs, a global leader of health and performance monitoring solutions for advanced electronics, today announced a strategic partnership. This collaboration enables joint customers to seamlessly integrate proteanTecs’ on-chip monitoring IP into Andes’ RISC-V processor cores. Customers can then leverage proteanTecs’ real-time analytics software applications to optimize performance, reduce power consumption, detect faults, and enhance overall system reliability, during production and lifetime operation.

    To kick off their partnership, proteanTecs’ monitoring IP has been successfully integrated on the AndesCore™ AX45MPV, a popular 64-bit RISC-V multicore vector processor. Equipped with powerful RISC-V vector processing and parallel execution capability, this core has been adopted by over a dozen applications with large data sets, such as AI inference and training, signal processing, and scientific computing since released in 2022. By pre-validating this IP integration, customers can easily design in this licensed core, shorten their development time and accelerate their time-to-market.

    “proteanTecs offers the industry’s most comprehensive and robust on-chip monitoring solutions,” said Dr. Charlie Su, CTO and President at Andes Technology. “As chip complexity increases, monitoring is paramount, especially in AI applications. proteanTecs’ deep data insights will empower our mutual customers to optimize their designs, improve their power/performance envelope, proactively prevent faults, and deliver superior products faster.”

    This partnership underscores the continued commitment of Andes Technology and proteanTecs in advancing the RISC-V open standard. Reports estimate that by 2030 there will be over 16 billion RISC-V-based SoC units shipped annually.[1] Both Andes Technology and proteanTecs are active members of RISC-V International, the global non-profit organization devoted to furthering the RISC-V Instruction Set Architecture (ISA). Andes is a founding Premier member of RISC-V International, and proteanTecs is a Strategic Member.

    “With the rapid growth of high-performance applications, high compute density and advanced packaging technologies—especially in evolving AI models and workloads—on-chip monitoring is no longer a luxury, but a necessity,” said Uzi Baruch, Chief Strategy Officer (CSO) at proteanTecs. “Partnering with Andes Technology—a key player in the RISC-V ecosystem and AI core development—brings the value of proteanTecs’ solutions to a wider range of SoC devices. These benefits extend beyond production into the field, with real-time monitoring applications that enable proactive fault prevention and the unique ability to reduce power and increase performance in mission-mode.”

    Andes and proteanTecs will discuss their ongoing partnership at upcoming RISC-V events. Interested parties can reach out to marketing@proteantecs.com for more information and the relevant deliverables.  

    About Andes Technology

    As a Founding Premier member of RISC-V International and a leader in commercial CPU IP, Andes Technology (TWSE: 6533SIN: US03420C2089ISIN: US03420C1099) is driving the global adoption of RISC-V. Andes’ extensive RISC-V Processor IP portfolio spans from ultra-efficient 32-bit CPUs to high-performance 64-bit Out-of-Order multiprocessor coherent clusters. With advanced vector processing, DSP capabilities, the powerful Andes Automated Custom Extension (ACE) framework, end-to-end AI hardware/software stack, ISO 26262 certification with full compliance, and a robust software ecosystem, Andes unlocks the full potential of RISC-V, empowering customers to accelerate innovation across AI, automotive, communications, consumer electronics, data centers, and mobile devices. Over 16 billion Andes-powered SoCs are driving innovations globally. Discover more at www.andestech.com and connect with Andes on LinkedInX (formerly Twitter)Bilibili and YouTube.

    About proteanTecs

    proteanTecs is the leading provider of deep data analytics for advanced electronics monitoring. Trusted by global leaders in the AI, datacenter, automotive, communications and mobile markets, the company provides system health and performance monitoring, from production to the field. By applying machine learning to novel data created by on-chip monitors, the company’s deep data analytics solutions deliver unparalleled visibility and actionable insights—leading to new levels of power, quality and reliability. The company is headquartered in Israel and has offices in the United States, India, South Korea and Taiwan. For more information, visit www.proteanTecs.com.

    [1] “RISC-V Market Report: Application Forecasts in a Heterogenous World,” The SHD Group, Jan. 2024. 

    Press Contacts:

    proteanTecs

    Jennifer Scher, Media Relations

    jennifer.s@proteantecs.com

    Andes Technology

    Ruby Tseng, Deputy Manager Marketing Division

    ruby670@andestech.com

    The MIL Network

  • MIL-OSI USA: Welch Introduces Bicameral DRIVE Act to Lower Costs for Veterans Traveling to Receive VA Medical Care

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)

    Bill is critical for veterans from small and rural communities traveling long distances to receive essential medical care provided by the VA
    WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.) and U.S. Representative Julia Brownley (D-CA-26) introduced the bicameral Driver Reimbursement Increase for Veteran Equity (DRIVE) Act, legislation to cut costs for more than 8 million veterans enrolled with the Department of Veterans Affairs (VA) for medical care. The DRIVE Act will make it easier for veterans to receive essential health care and ensure the VA’s travel reimbursement rate keeps pace with inflation and gas prices. 
    “Our veterans have performed the ultimate public service. To honor that service, we must ensure that the cost of the war includes the cost of caring for the warrior, and that includes making long-overdue changes to help ensure that veterans traveling from rural and small communities can access the health care they need,” said Senator Welch. “Our bicameral bill improves access to care, lowers costs, and helps improve this out-of-date system for veterans, servicemembers, and their families moving forward.” 
    “No veteran should have to decide between their health care and the rising costs of traveling to their appointments,” said Congresswoman Brownley. “The DRIVE Act is an essential step in easing this burden by ensuring that our veterans, especially those in rural areas and those with fixed incomes, are not penalized for seeking the care they have earned and deserve.” 
    The DRIVE Act would require the VA to ensure the Beneficiary Travel reimbursement rate is at least aligned with the General Services Administration (GSA) reimbursement rate for federal employees who use their personal vehicles for official business. The bill would also ensure timely processing so that veterans receive their reimbursement within 90 days.  
    In addition to Senator Welch, the bill is cosponsored in the Senate by Senators Alex Padilla (D-Calif.), Catherine Cortez Masto (D-Nev.), Mazie Hirono (D-Hawaii), Jeanne Shaheen (D-N.H.), Tina Smith (D-Minn.), Ron Wyden (D-Ore.), and Cory Booker (D-N.J.) 
    The bill is also cosponsored in the House by Representatives Rashida Tlaib (D-MI-12), Dan Crenshaw (R-TX-02), Juan Vargas (D-CA-52), Jay Obernolte (R-CA-23), Brad Sherman (D-CA-32), Steve Cohen (D-TN-09), Nikki Budzinski (D-IL-13), Andrea Salinas (D-OR-06), Val Hoyle (D-OR-04), Eleanor Holmes Norton (D-DC-AL), Sheila Cherfilus-McCormick (D-FL-20), Ted Lieu (D-CA-36), and Dina Titus (D-NV-01). 
    Learn more about the DRIVE Act. 
    Read the full text of the bill. 

    MIL OSI USA News

  • MIL-OSI Russia: IMF Executive Board Concludes 2024 Article IV Consultation with Solomon Islands

    Source: IMF – News in Russian

    February 25, 2025

    Washington, DC: On February 19, 2025, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Solomon Islands.

    Solomon Islands has weathered important shocks including civil unrest and the pandemic, successfully hosted the Pacific Games, and conducted peaceful general elections. These achievements have raised the country’s profile and strengthened national unity, but with costs—public debt has nearly tripled since before the pandemic, and the government’s cash reserves have been significantly depleted.

    Modest growth is expected at 2.8 percent in 2025, slightly above the 2.4 percent growth estimated for 2024, while inflation, estimated to have returned to 3.4 percent at end-2024, is envisaged to reach 3.9 percent at end-2025. The fiscal deficit is expected to widen slightly from 3.1 percent of GDP in 2024 to 3.3 percent of GDP in 2025, underpinned by continued spending pressures and externally financed infrastructure projects. The current account deficit is estimated to have narrowed to 4.2 percent of GDP in 2024, but projected to widen to 7.7 percent of GDP in 2025 as economic activity gains momentum. Foreign exchange reserves remain adequate, covering 9 months of imports.

    Risks to the outlook are tilted to the downside. They include under execution of the budget, extreme climate events, political instability, and commodity price volatility. Declining logging activity and the undiversified economic base, compounded by weak governance, constrain growth potential. Both the current account and fiscal deficits are expected to persist over the medium term.

    Executive Board Assessment[2]

    Executive Directors agreed with the thrust of the staff appraisal. They concurred that while the Solomon Islands’ economy has weathered multiple shocks well and recently benefited from successfully hosting the Pacific Games and peaceful general elections, public debt is increasing, medium-term growth prospects appear moderate, and per capita income growth remains stagnant. Against this backdrop, Directors emphasized the importance of rebuilding cash buffers and ensuring fiscal sustainability, while boosting growth prospects through economic diversification and governance reforms.

    Directors stressed the need to improve the effectiveness of fiscal policy by addressing weaknesses in fiscal data and public financial management, including by ending the practice of unfunded spending. They also called for tightening the 2025 Budget to start a gradual recovery of cash balances. Directors underscored the importance of creating fiscal space to accelerate investment in development priorities. To this end, they recommended advancing domestic revenue mobilization, such as introducing a value added tax. Enhancing the quality, transparency, and accountability of public expenditure, including by undertaking the Public Expenditure and Financial Accountability assessment, would also be important. Directors saw merit in introducing a simple, ex-ante guideline for annual budget formulation as an interim step toward a fiscal rule.

    Directors agreed that the current monetary policy stance and exchange rate regime are appropriate. They stressed the importance of preserving the central bank’s autonomy, including by limiting purchases of government bonds and implementing the remaining Safeguards Assessment recommendations. Directors also underscored the need to keep the exchange rate fully aligned with the value of the updated currency basket and to enhance transparency and communication with market participants. While the financial sector remains stable, Directors encouraged further reforms to strengthen regulatory and supervisory frameworks and boost financial intermediation and inclusion. They stressed the need to strengthen the AML/CFT framework, including due to the planned introduction of the Citizenship by Investment program.

    Directors encouraged the acceleration of structural reforms to support economic diversification and private sector development, with capacity development support from the IMF and other development partners. They agreed that addressing governance weaknesses remains a priority, including by improving the capacity and independence of the anti-corruption institution.

    Table 1. Solomon Islands: Selected Economic Indicators, 2019–2029

    Per capita GDP (2023): US$2200

           

    Population (2023): 768,690

           

    Quota: SDR 20.8 million

           
     

    2019

    2020

    2021

    2022

    2023

    2024

    2025

    2026

    2027

    2028

    2029

             

    Est.

    Proj.

    GROWTH AND PRICES

    (In percent change, unless otherwise indicated)

    Real GDP

    1.7

    -3.4

    2.6

    2.4

    2.7

    2.5

    2.8

    2.9

    2.9

    3.0

    3.0

    CPI (period average)

    2.2

    2.9

    0.2

    5.4

    5.1

    3.7

    3.8

    3.7

    3.4

    3.3

    3.3

    CPI (end of period)

    2.6

    -2.6

    4.6

    8.7

    4.3

    3.4

    3.9

    3.5

    3.3

    3.3

    3.3

    GDP deflator

    1.2

    -1.3

    -5.5

    2.0

    3.9

    1.3

    1.3

    1.3

    1.4

    1.4

    1.4

    Nominal GDP (in SI$ millions)

    13,234

    12,617

    12,228

    12,775

    13,911

    14,685

    15,492

    16,370

    17,311

    18,235

    19,217

    Nominal GDP (in US$ millions)

    1,619

    1,536

    1,523

    1,566

    1,661

    1,753

    1,850

    1,954

    2,067

    2,177

    2,294

    CENTRAL GOVERNMENT OPERATIONS

    (In percent of GDP)

    Total revenue and grants

    34.1

    37.9

    35.9

    38.3

    36.3

    32.7

    32.5

    32.6

    32.7

    32.8

    32.8

    Revenue

    25.8

    24.6

    24.8

    23.1

    22.9

    23.2

    23.0

    23.1

    23.2

    23.3

    23.3

    Grants

    8.2

    13.4

    11.1

    15.2

    13.4

    9.5

    9.5

    9.5

    9.5

    9.5

    9.5

    Total expenditure

    35.6

    40.4

    37.8

    40.8

    40.1

    35.8

    35.7

    35.8

    35.8

    35.8

    35.9

    Expense

    29.0

    31.9

    28.3

    31.4

    29.8

    27.9

    27.2

    27.3

    27.4

    27.4

    27.5

    Net acquisition of nonfinancial assets

    6.6

    8.5

    9.5

    9.3

    10.3

    7.9

    8.5

    8.5

    8.4

    8.4

    8.4

    Net lending (+) / Net borrowing (-)

    -1.5

    -2.4

    -1.9

    -2.5

    -3.8

    -3.1

    -3.3

    -3.2

    -3.1

    -3.1

    -3.1

    External

    0.0

    -1.4

    -1.1

    -0.1

    -2.9

    -2.3

    -1.8

    -1.9

    -1.9

    -1.8

    -1.8

    Domestic

    -1.5

    -1.0

    -0.7

    -2.4

    -0.9

    -0.8

    -1.5

    -1.3

    -1.2

    -1.2

    -1.3

    Central government debt 1/

    7.8

    12.8

    15.9

    15.5

    20.3

    22.3

    24.4

    26.2

    27.9

    29.5

    31.0

    Public domestic debt

    1.7

    2.8

    6.1

    5.9

    8.6

    8.9

    9.8

    10.6

    11.1

    11.7

    12.4

    Public external debt

    6.1

    10.0

    9.8

    9.6

    11.7

    13.4

    14.5

    15.6

    16.7

    17.7

    18.6

    MACROFINANCIAL

    (In percent change)

    Credit to private sector

    6.2

    0.3

    -0.4

    0.8

    4.7

    3.0

    3.0

    3.0

    3.0

    3.0

    3.0

    Broad money

    -3.1

    6.6

    1.9

    5.3

    6.1

    6.8

    5.5

    5.7

    5.8

    5.3

    5.4

    Reserve money

    -7.1

    23.0

    10.6

    4.0

    9.9

    6.0

    5.5

    5.7

    5.8

    5.3

    5.4

    BALANCE OF PAYMENTS

    (In percent of GDP, unless otherwise indicated)

    Current account balance

    -9.5

    -1.6

    -5.1

    -13.7

    -10.4

    -4.2

    -7.7

    -7.5

    -7.4

    -7.5

    -7.4

    Trade balance (goods and services)

    -10.0

    -8.5

    -13.4

    -22.3

    -19.8

    -11.6

    -15.3

    -15.3

    -15.6

    -16.1

    -16.5

    Exports

    36.4

    28.5

    26.9

    25.8

    32.6

    34.6

    33.2

    32.8

    32.1

    31.4

    30.7

    Imports

    46.4

    37.0

    40.4

    48.1

    52.3

    46.2

    48.6

    48.1

    47.7

    47.5

    47.2

    Gross Remittances

    1.1

    1.5

    2.1

    3.3

    3.7

    3.5

    3.6

    3.8

    3.9

    4.1

    4.3

    Capital and Financial Account

    7.3

    3.0

    6.7

    13.2

    13.6

    4.0

    6.9

    7.3

    7.5

    7.5

    7.5

    Foreign direct investment (+ = decrease)

    -1.8

    -0.4

    -1.5

    -2.6

    -4.3

    -0.9

    -2.3

    -2.6

    -2.7

    -2.8

    -2.9

    Overall balance (+ = increase)

    -2.1

    4.8

    2.5

    -2.0

    3.3

    -0.2

    -0.8

    -0.2

    0.1

    0.0

    0.1

    Gross official reserves (in US$ millions, end of period) 2/

    574.1

    660.6

    694.5

    655.2

    682.0

    679.1

    664.3

    661.0

    662.8

    663.2

    664.6

    (in months of next year’s imports of GNFS)

    12.1

    12.9

    11.1

    9.0

    10.1

    9.1

    8.5

    8.0

    7.7

    7.4

    7.0

                           

    EXCHANGE RATE (SI$/US$, end of period)

    8.2

    8.0

    8.1

    8.3

    8.5

    Real effective exchange rate (end of period, 2010 = 100)

    127.5

    129.9

    124.8

    132.3

    136.0

    Sources: Data provided by the authorities; and IMF staff estimates and projections.

    1/ Includes disbursements under the Rapid Credit Facility (RCF).

    2/ Includes SDR allocations made by the IMF to Solomon Islands in 2009 and in 2021.

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

    [2] At the conclusion of the discussion, the Managing Director, as Chairman of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country’s authorities. An explanation of any qualifiers used in summings up can be found here: http://www.IMF.org/external/np/sec/misc/qualifiers.htm.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pemba Sherpa

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/02/25/pr25042-solomon-islands-imf-executive-board-concludes-2024-article-iv-consultation

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI Africa: What do I do with expired medicine? Don’t use it, for a start…

    Source: The Conversation – Africa – By Renier Coetzee, Associate Professor, University of the Western Cape

    When last did a headache have you reaching into your medicine cabinet – and finding a bottle of aspirin that expired three years ago? Did you take it anyway? And, if you decided instead to get rid of those out-of-date painkillers, how did you do it? If you chose to throw it in the garbage or flush it down the toilet, you’re far from alone: a 2020 research review found that “disposal of pharmaceuticals by garbage and sewer is still the most common method in many countries with the absence of the proper disposal of expired medications from the patient side”.

    The problem is that both using expired medication and disposing of it unsafely comes with significant health, economic and environmental risks.

    The Conversation Africa asked pharmacy professor Renier Coetzee, who is also the vice-president of the Pharmaceutical Society of South Africa, about the risks posed by using expired medication, and how to safely dispose of expired and surplus medicines.

    Why is it dangerous to take expired medication?

    Expiration dates for medicines are determined through stability testing. This involves assessing how long a medicine remains safe and effective under various storage conditions. Manufacturers typically provide conservative estimates of expiration dates to ensure a medicine’s quality and safety.

    Medications degrade over time. That means they may not work as intended once they reach and pass their expiry date. This is of particular concern with medicines like antibiotics: subtherapeutic doses (those which are too low to work properly and so do not fully treat the illness or infection) can contribute to antimicrobial resistance.


    Read more: Antibiotic resistance threatens to “undo a century of medical progress”: 5 essential reads


    Antimicrobial resistance occurs when bacteria, viruses or fungi stop responding to medicines (like antibiotics). This makes infections harder to treat. And that, in turn, increases the risk of disease spread, severe illness and death.

    Reduced potency in chronic disease medications like insulin or heart medication is also a worry, since this can have serious health consequences.

    Some expired medications can break down into harmful compounds. One example is ciprofloxacin. This antibiotic is used mostly to treat infections in the urinary and upper and lower respiratory tracts. Studies have shown that it can degrade into toxic byproducts that may harm the kidneys (and be hazardous to the environment if not properly disposed of).

    Exposure to heat, humidity and light can accelerate the breakdown of active ingredients. This applies to both scheduled medicines, prescribed by a doctor, and over-the-counter medicines.

    Consider paracetamol, which anyone can buy for pain and fever. A year-old paracetamol tablet may not seem dangerous – but if it’s degraded, it could be less effective in treating pain or fever, leading to unintended consequences like delayed treatment or overuse in an attempt to achieve relief. If potency is reduced, users might take a higher dose than needed, increasing the risk of overdose or side effects.

    It’s not just tablets and capsules that expire. Liquid medications, such as cough syrups and eye drops, are particularly vulnerable to contamination once expired, as the preservatives they contain lose their potency. This increases the risk of bacterial growth, which could lead to infections.

    Expired medications left in the home, particularly in unmarked containers, also increase the risk of accidental ingestion, especially by children.

    While some expired medications may still retain potency, there is no guarantee of safety. Safe disposal is essential to prevent misuse and potential harm to both individuals and the environment.

    Can I throw expired or surplus medicine in the bin or flush it down the toilet?

    I strongly discourage it. So do professional bodies like the Pharmaceutical Society of South Africa and the South African Pharmacy Council.

    For starters, it’s bad for the environment. Medications discarded in household trash can leach active pharmaceutical ingredients into soil and groundwater, potentially contaminating sources of drinking water.

    Flushing medicines down the sink or toilet introduces these substances directly into sewage systems. They often bypass conventional wastewater treatment processes; in Cape Town, South Africa, for example, many wastewater facilities don’t perform tertiary treatments. That allows poorly treated effluents, chemical compounds and pharmaceutical pollution to enter aquatic ecosystems. That’s bad news for wildlife and can disrupt ecosystems.


    Read more: Marine life in a South African bay is full of chemical pollutants


    Trace amounts of pharmaceuticals in water supplies pose risks to human health, too. Such low concentrations are generally considered to pose minimal direct health risks to humans. But there are concerns about their potential impact on antimicrobial resistance and endocrine disruption. Endocrine disruption refers to the interference caused by certain chemicals which can mimic, block, or alter the human body’s natural hormones. The process can lead to various adverse health effects.

    What are the safest, most responsible disposal methods?

    The preferred method for disposing of unused or expired medications is through drug take-back programmes or authorised collection sites. These programmes are designed to provide a safe, convenient and responsible means for individuals to dispose of unused or expired medications.

    In South Africa, the South African Pharmacy Council mandates that only authorised personnel, such as pharmacists or designated officials, may dispose of medicines, and they must produce a certificate of destruction to be stored for at least five years.

    However, a study among healthcare professionals in the country revealed that only 23.5% participated in proper medicine destruction within their facilities. This, as well as similar research I conducted with some colleagues in Australia, indicates a need for improved education and practices regarding pharmaceutical waste disposal.

    In other African countries, formalised medication take-back programmes are less common. Safe disposal methods must be established and promoted across the continent.


    Read more: We found traces of drugs in a dam that supplies Nigeria’s capital city


    If more formal options are unavailable, you could mix medications with unappealing substances (like used coffee grounds or cat litter) and seal the mixture in a plastic bag before throwing it away. This can help to prevent accidental ingestion by children or animals. It also keeps medications away from toilets or drains, thereby lessening water pollution and harm to aquatic life.

    However, this approach is less than ideal and should only be a last resort.

    – What do I do with expired medicine? Don’t use it, for a start…
    – https://theconversation.com/what-do-i-do-with-expired-medicine-dont-use-it-for-a-start-248919

    MIL OSI Africa

  • MIL-OSI United Nations: UN rights chief decries substantial rise in death penalty executions

    Source: United Nations 2

    Human Rights

    International efforts to eradicate the death penalty came into sharp focus at the Human Rights Council on Tuesday, where UN human rights chief Volker Türk decried a substantial increase in global executions in the last two years. 

    While a number of countries argue that it lies within their national sovereignty, from my perspective, it is incompatible with human dignity and the right to life,” the High Commissioner told Member States, during a discussion about the contribution of judiciaries to advancing human rights over the issue.

    The punishment had “no place” in the 21st century, Mr. Turk, continued, noting that “the top executing countries over recent years include the Islamic Republic of Iran, Saudi Arabia, Somalia, and the United States of America”.

    Clear evidence

    Latest UN data indicates that in 2023, 1,153 executions took place in 16 countries, representing a 31 per cent increase from 2022 and the highest number in the past eight years.

    “That followed a 53 per cent increase in executions between 2021 and 2022,” the High Commissioner said, adding that the figures do not take into account China, “where there is a lack of transparent information and statistics on the death penalty. I call on the Chinese authorities to change this policy and join the trend towards abolition.”

    Global South leading abolition

    Although drug-related offences do not meet the “most serious crimes” justification for executions under international human rights law, they account for more than 40 per cent of death penalty executions – the highest number since 2016.

    “This proportion has also risen sharply over the past two years, and almost all of these executions took place in the Islamic Republic of Iran,” Mr. Türk explained.

    In more positive developments and despite a global rise in executions, a growing number of countries are abolishing the practice – spurred by the Global South.

    Today, 113 countries have scrapped the death penalty completely. This includes Zimbabwe – where President Emmerson Mnangagwa approved a law ending executions at the end of 2024 – along with 26 other countries in Africa.

    Key to abolition are judicial reform and discretion in commuting executions to lesser punishments, the High Commissioner insisted. Malawi and Malaysia have implemented such reforms, leading to fewer death sentences, Mr. Türk continued, as he called for greater efforts globally to ensure fair trials and avoid wrongful convictions.

    He urged nations to move towards the complete abolition of the death penalty, advocate for moratoriums, and ensure that the death penalty is only used for the most serious crimes.

    Zimbabwe focus

    Also addressing the Council, Zimbabwe Attorney General Virginia Mabiza explained that the death penalty had been introduced by colonial rulers in the 18th century, enduring beyond the country’s independence in 1980.

    She said that more than 56 per cent of the population wanted the death penalty to remain in the statute books when asked in 1999, while between 1980 and 2005, 105 convicted offenders were executed.

    “Since then, no other executions have been carried out in Zimbabwe, and this can be attributed to policy decisions coupled with judicial discretion against capital punishment,” the Attorney General told the Council.

    Ms. Mabiza noted that a wide range of offences had been formerly punishable by the death penalty including conspiracy and attempted robbery, but by 2013, only a murder conviction could lead to death for the convicted offender, in compliance with the UN General Assembly resolution on reducing the number of offences that attract the death penalty.

    And pointing to several instances where the Supreme Court in Harare determined that the death penalty constituted a violation of a prisoner’s human rights, Ms. Mabiza said that sentences were “often commuted death sentences to life imprisonment”.

    MIL OSI United Nations News

  • MIL-OSI Economics: Solomon Islands: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Solomon Islands

    Source: International Monetary Fund

    Summary

    Solomon Islands has weathered the shocks of civil unrest, pandemic, and commodity price hikes, and achieved the milestones of hosting the Pacific Games in late 2023 and conducting peaceful general elections in April 2024. These achievements have raised the country’s profile and strengthened national unity, but with costs—public debt has nearly tripled since before the pandemic, and the government’s cash reserves have been significantly depleted. While staff expects continued modest growth in 2024 and 2025, medium-term growth prospects appear moderate and fiscal and current account deficits are expected to persist. Now is the time for the authorities to advance reforms to tackle the perennial challenge of stagnant per-capita income growth, while ensuring fiscal sustainability and resilience.

    MIL OSI Economics

  • MIL-OSI Economics: IMF Executive Board Concludes 2024 Article IV Consultation with Solomon Islands

    Source: International Monetary Fund

    February 25, 2025

    Washington, DC: On February 19, 2025, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Solomon Islands.

    Solomon Islands has weathered important shocks including civil unrest and the pandemic, successfully hosted the Pacific Games, and conducted peaceful general elections. These achievements have raised the country’s profile and strengthened national unity, but with costs—public debt has nearly tripled since before the pandemic, and the government’s cash reserves have been significantly depleted.

    Modest growth is expected at 2.8 percent in 2025, slightly above the 2.4 percent growth estimated for 2024, while inflation, estimated to have returned to 3.4 percent at end-2024, is envisaged to reach 3.9 percent at end-2025. The fiscal deficit is expected to widen slightly from 3.1 percent of GDP in 2024 to 3.3 percent of GDP in 2025, underpinned by continued spending pressures and externally financed infrastructure projects. The current account deficit is estimated to have narrowed to 4.2 percent of GDP in 2024, but projected to widen to 7.7 percent of GDP in 2025 as economic activity gains momentum. Foreign exchange reserves remain adequate, covering 9 months of imports.

    Risks to the outlook are tilted to the downside. They include under execution of the budget, extreme climate events, political instability, and commodity price volatility. Declining logging activity and the undiversified economic base, compounded by weak governance, constrain growth potential. Both the current account and fiscal deficits are expected to persist over the medium term.

    Executive Board Assessment[2]

    Executive Directors agreed with the thrust of the staff appraisal. They concurred that while the Solomon Islands’ economy has weathered multiple shocks well and recently benefited from successfully hosting the Pacific Games and peaceful general elections, public debt is increasing, medium-term growth prospects appear moderate, and per capita income growth remains stagnant. Against this backdrop, Directors emphasized the importance of rebuilding cash buffers and ensuring fiscal sustainability, while boosting growth prospects through economic diversification and governance reforms.

    Directors stressed the need to improve the effectiveness of fiscal policy by addressing weaknesses in fiscal data and public financial management, including by ending the practice of unfunded spending. They also called for tightening the 2025 Budget to start a gradual recovery of cash balances. Directors underscored the importance of creating fiscal space to accelerate investment in development priorities. To this end, they recommended advancing domestic revenue mobilization, such as introducing a value added tax. Enhancing the quality, transparency, and accountability of public expenditure, including by undertaking the Public Expenditure and Financial Accountability assessment, would also be important. Directors saw merit in introducing a simple, ex-ante guideline for annual budget formulation as an interim step toward a fiscal rule.

    Directors agreed that the current monetary policy stance and exchange rate regime are appropriate. They stressed the importance of preserving the central bank’s autonomy, including by limiting purchases of government bonds and implementing the remaining Safeguards Assessment recommendations. Directors also underscored the need to keep the exchange rate fully aligned with the value of the updated currency basket and to enhance transparency and communication with market participants. While the financial sector remains stable, Directors encouraged further reforms to strengthen regulatory and supervisory frameworks and boost financial intermediation and inclusion. They stressed the need to strengthen the AML/CFT framework, including due to the planned introduction of the Citizenship by Investment program.

    Directors encouraged the acceleration of structural reforms to support economic diversification and private sector development, with capacity development support from the IMF and other development partners. They agreed that addressing governance weaknesses remains a priority, including by improving the capacity and independence of the anti-corruption institution.

    Table 1. Solomon Islands: Selected Economic Indicators, 2019–2029

    Per capita GDP (2023): US$2200

           

    Population (2023): 768,690

           

    Quota: SDR 20.8 million

           
     

    2019

    2020

    2021

    2022

    2023

    2024

    2025

    2026

    2027

    2028

    2029

             

    Est.

    Proj.

    GROWTH AND PRICES

    (In percent change, unless otherwise indicated)

    Real GDP

    1.7

    -3.4

    2.6

    2.4

    2.7

    2.5

    2.8

    2.9

    2.9

    3.0

    3.0

    CPI (period average)

    2.2

    2.9

    0.2

    5.4

    5.1

    3.7

    3.8

    3.7

    3.4

    3.3

    3.3

    CPI (end of period)

    2.6

    -2.6

    4.6

    8.7

    4.3

    3.4

    3.9

    3.5

    3.3

    3.3

    3.3

    GDP deflator

    1.2

    -1.3

    -5.5

    2.0

    3.9

    1.3

    1.3

    1.3

    1.4

    1.4

    1.4

    Nominal GDP (in SI$ millions)

    13,234

    12,617

    12,228

    12,775

    13,911

    14,685

    15,492

    16,370

    17,311

    18,235

    19,217

    Nominal GDP (in US$ millions)

    1,619

    1,536

    1,523

    1,566

    1,661

    1,753

    1,850

    1,954

    2,067

    2,177

    2,294

    CENTRAL GOVERNMENT OPERATIONS

    (In percent of GDP)

    Total revenue and grants

    34.1

    37.9

    35.9

    38.3

    36.3

    32.7

    32.5

    32.6

    32.7

    32.8

    32.8

    Revenue

    25.8

    24.6

    24.8

    23.1

    22.9

    23.2

    23.0

    23.1

    23.2

    23.3

    23.3

    Grants

    8.2

    13.4

    11.1

    15.2

    13.4

    9.5

    9.5

    9.5

    9.5

    9.5

    9.5

    Total expenditure

    35.6

    40.4

    37.8

    40.8

    40.1

    35.8

    35.7

    35.8

    35.8

    35.8

    35.9

    Expense

    29.0

    31.9

    28.3

    31.4

    29.8

    27.9

    27.2

    27.3

    27.4

    27.4

    27.5

    Net acquisition of nonfinancial assets

    6.6

    8.5

    9.5

    9.3

    10.3

    7.9

    8.5

    8.5

    8.4

    8.4

    8.4

    Net lending (+) / Net borrowing (-)

    -1.5

    -2.4

    -1.9

    -2.5

    -3.8

    -3.1

    -3.3

    -3.2

    -3.1

    -3.1

    -3.1

    External

    0.0

    -1.4

    -1.1

    -0.1

    -2.9

    -2.3

    -1.8

    -1.9

    -1.9

    -1.8

    -1.8

    Domestic

    -1.5

    -1.0

    -0.7

    -2.4

    -0.9

    -0.8

    -1.5

    -1.3

    -1.2

    -1.2

    -1.3

    Central government debt 1/

    7.8

    12.8

    15.9

    15.5

    20.3

    22.3

    24.4

    26.2

    27.9

    29.5

    31.0

    Public domestic debt

    1.7

    2.8

    6.1

    5.9

    8.6

    8.9

    9.8

    10.6

    11.1

    11.7

    12.4

    Public external debt

    6.1

    10.0

    9.8

    9.6

    11.7

    13.4

    14.5

    15.6

    16.7

    17.7

    18.6

    MACROFINANCIAL

    (In percent change)

    Credit to private sector

    6.2

    0.3

    -0.4

    0.8

    4.7

    3.0

    3.0

    3.0

    3.0

    3.0

    3.0

    Broad money

    -3.1

    6.6

    1.9

    5.3

    6.1

    6.8

    5.5

    5.7

    5.8

    5.3

    5.4

    Reserve money

    -7.1

    23.0

    10.6

    4.0

    9.9

    6.0

    5.5

    5.7

    5.8

    5.3

    5.4

    BALANCE OF PAYMENTS

    (In percent of GDP, unless otherwise indicated)

    Current account balance

    -9.5

    -1.6

    -5.1

    -13.7

    -10.4

    -4.2

    -7.7

    -7.5

    -7.4

    -7.5

    -7.4

    Trade balance (goods and services)

    -10.0

    -8.5

    -13.4

    -22.3

    -19.8

    -11.6

    -15.3

    -15.3

    -15.6

    -16.1

    -16.5

    Exports

    36.4

    28.5

    26.9

    25.8

    32.6

    34.6

    33.2

    32.8

    32.1

    31.4

    30.7

    Imports

    46.4

    37.0

    40.4

    48.1

    52.3

    46.2

    48.6

    48.1

    47.7

    47.5

    47.2

    Gross Remittances

    1.1

    1.5

    2.1

    3.3

    3.7

    3.5

    3.6

    3.8

    3.9

    4.1

    4.3

    Capital and Financial Account

    7.3

    3.0

    6.7

    13.2

    13.6

    4.0

    6.9

    7.3

    7.5

    7.5

    7.5

    Foreign direct investment (+ = decrease)

    -1.8

    -0.4

    -1.5

    -2.6

    -4.3

    -0.9

    -2.3

    -2.6

    -2.7

    -2.8

    -2.9

    Overall balance (+ = increase)

    -2.1

    4.8

    2.5

    -2.0

    3.3

    -0.2

    -0.8

    -0.2

    0.1

    0.0

    0.1

    Gross official reserves (in US$ millions, end of period) 2/

    574.1

    660.6

    694.5

    655.2

    682.0

    679.1

    664.3

    661.0

    662.8

    663.2

    664.6

    (in months of next year’s imports of GNFS)

    12.1

    12.9

    11.1

    9.0

    10.1

    9.1

    8.5

    8.0

    7.7

    7.4

    7.0

                           

    EXCHANGE RATE (SI$/US$, end of period)

    8.2

    8.0

    8.1

    8.3

    8.5

    Real effective exchange rate (end of period, 2010 = 100)

    127.5

    129.9

    124.8

    132.3

    136.0

    Sources: Data provided by the authorities; and IMF staff estimates and projections.

    1/ Includes disbursements under the Rapid Credit Facility (RCF).

    2/ Includes SDR allocations made by the IMF to Solomon Islands in 2009 and in 2021.

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

    [2] At the conclusion of the discussion, the Managing Director, as Chairman of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country’s authorities. An explanation of any qualifiers used in summings up can be found here: http://www.IMF.org/external/np/sec/misc/qualifiers.htm.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pemba Sherpa

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    MIL OSI Economics

  • MIL-OSI Global: What do I do with expired medicine? Don’t use it, for a start…

    Source: The Conversation – Africa – By Renier Coetzee, Associate Professor, University of the Western Cape

    There are many risks associated with taking expired medicine and with not properly disposing of medication. JGI/Tom Grill

    When last did a headache have you reaching into your medicine cabinet – and finding a bottle of aspirin that expired three years ago? Did you take it anyway? And, if you decided instead to get rid of those out-of-date painkillers, how did you do it? If you chose to throw it in the garbage or flush it down the toilet, you’re far from alone: a 2020 research review found that “disposal of pharmaceuticals by garbage and sewer is still the most common method in many countries with the absence of the proper disposal of expired medications from the patient side”.

    The problem is that both using expired medication and disposing of it unsafely comes with significant health, economic and environmental risks.

    The Conversation Africa asked pharmacy professor Renier Coetzee, who is also the vice-president of the Pharmaceutical Society of South Africa, about the risks posed by using expired medication, and how to safely dispose of expired and surplus medicines.

    Why is it dangerous to take expired medication?

    Expiration dates for medicines are determined through stability testing. This involves assessing how long a medicine remains safe and effective under various storage conditions. Manufacturers typically provide conservative estimates of expiration dates to ensure a medicine’s quality and safety.

    Medications degrade over time. That means they may not work as intended once they reach and pass their expiry date. This is of particular concern with medicines like antibiotics: subtherapeutic doses (those which are too low to work properly and so do not fully treat the illness or infection) can contribute to antimicrobial resistance.




    Read more:
    Antibiotic resistance threatens to “undo a century of medical progress”: 5 essential reads


    Antimicrobial resistance occurs when bacteria, viruses or fungi stop responding to medicines (like antibiotics). This makes infections harder to treat. And that, in turn, increases the risk of disease spread, severe illness and death.

    Reduced potency in chronic disease medications like insulin or heart medication is also a worry, since this can have serious health consequences.

    Some expired medications can break down into harmful compounds. One example is ciprofloxacin. This antibiotic is used mostly to treat infections in the urinary and upper and lower respiratory tracts. Studies have shown that it can degrade into toxic byproducts that may harm the kidneys (and be hazardous to the environment if not properly disposed of).

    Exposure to heat, humidity and light can accelerate the breakdown of active ingredients. This applies to both scheduled medicines, prescribed by a doctor, and over-the-counter medicines.

    Consider paracetamol, which anyone can buy for pain and fever. A year-old paracetamol tablet may not seem dangerous – but if it’s degraded, it could be less effective in treating pain or fever, leading to unintended consequences like delayed treatment or overuse in an attempt to achieve relief. If potency is reduced, users might take a higher dose than needed, increasing the risk of overdose or side effects.

    It’s not just tablets and capsules that expire. Liquid medications, such as cough syrups and eye drops, are particularly vulnerable to contamination once expired, as the preservatives they contain lose their potency. This increases the risk of bacterial growth, which could lead to infections.

    Expired medications left in the home, particularly in unmarked containers, also increase the risk of accidental ingestion, especially by children.

    While some expired medications may still retain potency, there is no guarantee of safety. Safe disposal is essential to prevent misuse and potential harm to both individuals and the environment.

    Can I throw expired or surplus medicine in the bin or flush it down the toilet?

    I strongly discourage it. So do professional bodies like the Pharmaceutical Society of South Africa and the South African Pharmacy Council.

    For starters, it’s bad for the environment. Medications discarded in household trash can leach active pharmaceutical ingredients into soil and groundwater, potentially contaminating sources of drinking water.

    Flushing medicines down the sink or toilet introduces these substances directly into sewage systems. They often bypass conventional wastewater treatment processes; in Cape Town, South Africa, for example, many wastewater facilities don’t perform tertiary treatments. That allows poorly treated effluents, chemical compounds and pharmaceutical pollution to enter aquatic ecosystems. That’s bad news for wildlife and can disrupt ecosystems.




    Read more:
    Marine life in a South African bay is full of chemical pollutants


    Trace amounts of pharmaceuticals in water supplies pose risks to human health, too. Such low concentrations are generally considered to pose minimal direct health risks to humans. But there are concerns about their potential impact on antimicrobial resistance and endocrine disruption. Endocrine disruption refers to the interference caused by certain chemicals which can mimic, block, or alter the human body’s natural hormones. The process can lead to various adverse health effects.

    What are the safest, most responsible disposal methods?

    The preferred method for disposing of unused or expired medications is through drug take-back programmes or authorised collection sites. These programmes are designed to provide a safe, convenient and responsible means for individuals to dispose of unused or expired medications.

    In South Africa, the South African Pharmacy Council mandates that only authorised personnel, such as pharmacists or designated officials, may dispose of medicines, and they must produce a certificate of destruction to be stored for at least five years.

    However, a study among healthcare professionals in the country revealed that only 23.5% participated in proper medicine destruction within their facilities. This, as well as similar research I conducted with some colleagues in Australia, indicates a need for improved education and practices regarding pharmaceutical waste disposal.

    In other African countries, formalised medication take-back programmes are less common. Safe disposal methods must be established and promoted across the continent.




    Read more:
    We found traces of drugs in a dam that supplies Nigeria’s capital city


    If more formal options are unavailable, you could mix medications with unappealing substances (like used coffee grounds or cat litter) and seal the mixture in a plastic bag before throwing it away. This can help to prevent accidental ingestion by children or animals. It also keeps medications away from toilets or drains, thereby lessening water pollution and harm to aquatic life.

    However, this approach is less than ideal and should only be a last resort.

    Renier Coetzee is affiliated with TB Proof and Touching Nations.

    ref. What do I do with expired medicine? Don’t use it, for a start… – https://theconversation.com/what-do-i-do-with-expired-medicine-dont-use-it-for-a-start-248919

    MIL OSI – Global Reports

  • MIL-OSI USA: Unemployment rate for people with a disability changes little, at 7.5%, in 2024

    Source: US Department of Labor

    For release 10:00 a.m. (ET) Tuesday, February 25, 2025                              USDL-25-0247
    
    Technical information:  (202) 691-6378  *  cpsinfo@bls.gov  *  www.bls.gov/cps 
    Media contact:          (202) 691-5902  *  PressOffice@bls.gov
    
    
                     PERSONS WITH A DISABILITY: LABOR FORCE CHARACTERISTICS -- 2024
                     
                     
    In 2024, the employment-population ratio--the proportion of the population that is employed--
    was 22.7 percent among those with a disability, the U.S. Bureau of Labor Statistics reported 
    today. In contrast, the employment-population ratio for those without a disability was 65.5 
    percent. The employment-population ratio for people with a disability changed little from
    2023 to 2024, following a 1.2 percentage-point increase from 2022 to 2023. The employment-
    population ratio for those without a disability decreased by 0.3 percentage point in 2024. 
    The unemployment rate for people with a disability (7.5 percent) changed little in 2024, 
    while the rate for those without a disability increased by 0.3 percentage point over the 
    year to 3.8 percent.
    
    The data on people with a disability are collected as part of the Current Population Survey 
    (CPS), a monthly sample survey of about 60,000 households that provides statistics on 
    employment and unemployment in the United States. The collection of data on people with a 
    disability is sponsored by the U.S. Department of Labor's Office of Disability Employment 
    Policy. For more information, see the Technical Note in this news release.
    
    Highlights from the 2024 data:
    
     --Half of all people with a disability were age 65 and over, nearly three times larger than 
       the share for those with no disability. (See table 1.)
    
     --For all ages, the employment-population ratio was much lower for people with a disability 
       than for those with no disability. (See table 1.)
    
     --Unemployment rates were much higher for people with a disability than for those with no 
       disability across all educational attainment groups. (See table 1.)
    
     --Workers with a disability were nearly twice as likely to work part time as workers with 
       no disability. (See table 2.)
    
     --Workers with a disability were more likely to be self-employed than were workers with no 
       disability. (See table 4.)
    
    Demographic characteristics
    
    People with a disability accounted for about 13 percent of the population in 2024. Those
    with a disability tend to be older than people with no disability, reflecting the increased 
    incidence of disability with age. In 2024, half of those with a disability were age 65 and 
    over, compared with about 18 percent of those with no disability. Overall, women were more 
    likely to have a disability than were men, partly reflecting the greater life expectancy of 
    women. Among the major race and ethnicity groups, people who are White (13.0 percent) and
    Black or African American (13.1 percent) had a higher prevalence of disability than those 
    who are Asian (6.8 percent) and Hispanic or Latino (8.7 percent). (See table 1.)
    
    Employment
    
    In 2024, the employment-population ratio for people with a disability changed little at 
    22.7 percent. The ratio for those with no disability decreased by 0.3 percentage point to 
    65.5 percent. The lower ratio among people with a disability reflects, in part, the older 
    age profile of people with a disability; people age 65 and over are less likely to be 
    employed regardless of disability status. However, across all age groups, people with a 
    disability were much less likely to be employed than those with no disability. 
    (See tables A and 1.)
    
    Among people with a disability ages 16 to 64, the employment-population ratio, at 37.4 
    percent in 2024, changed little over the year. Similarly, the ratio for people with a 
    disability age 65 and over was little changed at 8.1 percent. (See table A.)
    
    People with a disability were less likely to have completed a bachelor's degree or higher 
    than were those with no disability. In 2024, about 23 percent of all people with a 
    disability had completed a bachelor's degree or higher compared with about 42 percent of 
    those with no disability. Among both groups, those who had attained higher levels of 
    education were more likely to be employed than were those with less education. For all 
    levels of education, people with a disability were much less likely to be employed than 
    their counterparts with no disability. (Educational attainment data are presented for 
    those age 25 and over.) (See table 1.)
    
    Workers with a disability were more likely to be employed part time than were those with
    no disability. About 31 percent of those with a disability usually worked part time compared 
    with about 17 percent of workers without a disability. About 4 percent of workers with a 
    disability worked part time for economic reasons. These individuals would have preferred 
    full-time employment but were working part time because their hours had been reduced or 
    they were unable to find full-time jobs. (See table 2.)
    
    In 2024, people with a disability were more likely to work in sales and office occupations 
    than were those with no disability (20.8 percent compared with 18.4 percent, respectively). 
    Workers with a disability were also more likely than those with no disability to work in 
    service occupations (19.0 percent compared with 16.3 percent) and in production, 
    transportation, and material moving occupations (14.2 percent compared with 12.2 percent).
    People with a disability were much less likely to work in management, professional, and 
    related occupations than were their counterparts with no disability (37.9 percent compared 
    with 44.1 percent). Workers with a disability were also somewhat less likely to work in 
    natural resources, construction, and maintenance occupations (8.1 percent compared with
    9.0 percent). (See table 3.)
    
    A larger share of people with a disability were self-employed than were those with no
    disability in 2024 (9.2 percent versus 6.0 percent). Those with a disability were slightly
    more likely to be employed by the federal government than were their counterparts with no 
    disability (3.3 percent and 2.6 percent), while the proportions of people employed by state
    and local governments were about the same regardless of disability status. In contrast, 
    people with a disability were less likely to be employed as private wage and salary workers
    (76.6 percent) than were those with no disability (80.5 percent). (See table 4.)
    
    Unemployment
    
    The unemployment rate for people with a disability was about twice that of those with no 
    disability in 2024. (Unemployed people are those who did not have a job, were available for 
    work, and were actively looking for a job in the 4 weeks preceding the survey.) The 
    unemployment rate for people with a disability changed little in 2024 at 7.5 percent, while 
    the rate for people without a disability increased by 0.3 percentage point to 3.8 percent.
    (See tables A and 1.)
    
    Among people with a disability, the unemployment rates were the same for men and women in 
    2024 (7.5 percent). These rates were little different from a year earlier. Among the major
    race and ethnicity groups, the jobless rates for people who are White, Black or African 
    American, Asian, and Hispanic or Latino showed little change over the year. As is the case
    among people without a disability, the jobless rates for those with a disability were higher
    among people who are Black or African American (10.7 percent) and Hispanic or Latino 
    (9.4 percent) than among people who are White (6.9 percent) and Asian (6.3 percent). 
    (See table 1.)  
    
    Not in the labor force
    
    People who are neither employed nor unemployed are considered not in the labor force. A 
    large proportion of people with a disability--about 75 percent--were not in the labor force
    in 2024, compared with about 32 percent of those with no disability. In part, this too 
    reflects the older age profile of people with a disability; people age 65 and over were 
    much less likely to participate in the labor force than were those in younger age groups. 
    Across all age groups, however, people with a disability were less likely to participate 
    in the labor force than were those with no disability. (See table 1.)
    
    For both people with and without a disability, the vast majority of those who were not in
    the labor force did not want a job. In 2024, about 3 percent of those with a disability
    wanted a job, lower than about 6 percent of those without a disability. Among people who 
    wanted a job, a subset is classified as marginally attached to the labor force. These 
    individuals wanted and were available for work and had looked for a job sometime in 
    the prior 12 months but had not looked for work in the 4 weeks preceding the survey. 
    (People marginally attached to the labor force include discouraged workers.) About 1 
    percent of people with a disability were marginally attached to the labor force in 2024. 
    (See table 5.)
    
    
    
    
    Table A. Employment status of the civilian noninstitutional population by disability status and age, 2023 and 2024 annual averages [Numbers in thousands]
    Characteristic 2023 2024
    Total, 16 years
    and over
    16 to 64
    years
    65 years
    and over
    Total, 16 years
    and over
    16 to 64
    years
    65 years
    and over

    PEOPLE WITH A DISABILITY

    Civilian noninstitutional population

    33,501 16,685 16,816 33,945 16,915 17,030

    Civilian labor force

    8,112 6,715 1,397 8,328 6,886 1,441

    Participation rate

    24.2 40.2 8.3 24.5 40.7 8.5

    Employed

    7,528 6,196 1,331 7,701 6,326 1,375

    Employment-population ratio

    22.5 37.1 7.9 22.7 37.4 8.1

    Unemployed

    585 519 66 627 561 66

    Unemployment rate

    7.2 7.7 4.7 7.5 8.1 4.6

    Not in labor force

    25,389 9,970 15,419 25,618 10,029 15,589

    PEOPLE WITH NO DISABILITY

    Civilian noninstitutional population

    233,441 191,998 41,443 234,626 191,920 42,706

    Civilian labor force

    159,004 149,206 9,798 159,779 149,580 10,198

    Participation rate

    68.1 77.7 23.6 68.1 77.9 23.9

    Employed

    153,509 143,961 9,548 153,645 143,744 9,900

    Employment-population ratio

    65.8 75.0 23.0 65.5 74.9 23.2

    Unemployed

    5,495 5,245 250 6,134 5,836 298

    Unemployment rate

    3.5 3.5 2.6 3.8 3.9 2.9

    Not in labor force

    74,437 42,792 31,645 74,847 42,340 32,507

    NOTE: Updated population controls are introduced annually with the release of January data.

    Technical Note
    
       The estimates in this release are based on annual average data obtained from  
    the Current Population Survey (CPS). The CPS, which is conducted by the U.S. 
    Census Bureau for the Bureau of Labor Statistics (BLS), is a monthly survey of 
    about 60,000 eligible households that provides information on the labor force 
    status, demographics, and other characteristics of the nation's civilian
    noninstitutional population age 16 and over.
       
       Questions were added to the CPS in June 2008 to identify people with a 
    disability in the civilian noninstitutional population age 16 and over. The 
    addition of these questions allowed the BLS to begin releasing monthly labor 
    force data from the CPS for people with a disability. The collection of these 
    data is sponsored by the Department of Labor's Office of Disability Employment 
    Policy.
       
       If you are deaf, hard of hearing, or have a speech disability, please dial
    7-1-1 to access telecommunications relay services.
    
    Reliability of the estimates
    
       Statistics based on the CPS are subject to both sampling and nonsampling 
    error. When a sample, rather than the entire population, is surveyed, there is 
    a chance that the sample estimates may differ from the true population values 
    they represent. The component of this difference that occurs because samples 
    differ by chance is known as sampling error, and its variability is measured 
    by the standard error of the estimate. There is about a 90-percent chance, or
    level of confidence, that an estimate based on a sample will differ by no more 
    than 1.6 standard errors from the true population value because of sampling 
    error. BLS analyses are generally conducted at the 90-percent level of 
    confidence.
    
       The CPS data also are affected by nonsampling error. Nonsampling error can 
    occur for many reasons, including the failure to sample a segment of the 
    population, inability to obtain information for all respondents in the sample, 
    inability or unwillingness of respondents to provide correct information, and
    errors made in the collection or processing of the data.
    
       Additional information about the reliability of data from the CPS and 
    estimating standard errors is available at 
    www.bls.gov/cps/documentation.htm#reliability.
    
       CPS estimates are controlled to population totals that are available by 
    age, sex, race, and Hispanic ethnicity. These controls are developed by the 
    Census Bureau and are based on complete population counts obtained in the 
    decennial census. In the years between decennial censuses, they incorporate 
    the latest information about population change (births, deaths, and net
    international migration). As part of its annual update of population
    estimates, the Census Bureau introduces adjustments to the total population
    controls. The updated controls typically have a negligible impact on 
    unemployment rates and other ratios. The estimates of the population of 
    people with a disability are not controlled to independent population totals 
    of people with a disability because such data are not available. Without 
    independent population totals, sample-based estimates are more apt to vary 
    from one time period to the next. Information about population controls is 
    available at www.bls.gov/cps/documentation.htm#pop.
    
    Disability questions and concepts
    
       The CPS uses a set of six questions to identify people with disabilities. 
    In the CPS, people are classified as having a disability if there is a response 
    of "yes" to any of these questions. The disability questions appear in the CPS 
    in the following format:
    
       This month we want to learn about people who have physical, mental, or emotional
    conditions that cause serious difficulty with their daily activities. Please answer
    for household members who are 15 years old or over.
    
       --Is anyone deaf or does anyone have serious difficulty 
         hearing?
    
       --Is anyone blind or does anyone have serious difficulty
         seeing even when wearing glasses?
    
       --Because of a physical, mental, or emotional condition, does
         anyone have serious difficulty concentrating, remembering, or
         making decisions?
    
       --Does anyone have serious difficulty walking or climbing
         stairs?
    
       --Does anyone have difficulty dressing or bathing?
    
       --Because of a physical, mental, or emotional condition, does
         anyone have difficulty doing errands alone such as visiting a
         doctor's office or shopping?
    
       The CPS questions for identifying individuals with disabilities are only 
    asked of household members who are age 15 and over. Each of the questions ask 
    the respondent whether anyone in the household has the condition described, and 
    if the respondent replies "yes," they are then asked to identify everyone in 
    the household who has the condition. Labor force measures from the CPS are 
    tabulated for people age 16 and over. More information on the disability 
    questions and the limitations of the CPS disability data is available on the 
    BLS website at www.bls.gov/cps/cpsdisability_faq.htm.
    
    Other definitions
    
       Other definitions used in this release are described briefly below. 
    Additional information on the concepts and methodology of the CPS is available 
    at www.bls.gov/cps/documentation.htm.
    
       Employed.  Employed people are all those who, during the survey reference 
    week, (a) did any work at all as paid employees; (b) worked in their own 
    business, profession, or on their own farm; or (c) worked 15 hours or more as 
    unpaid workers in a family member's business.  People who were temporarily 
    absent from their jobs because of illness, bad weather, vacation, labor 
    dispute, or another reason also are counted as employed.
    
       Unemployed.  Unemployed people are those who had no employment during the 
    reference week, were available for work at that time, and had made specific 
    efforts to find employment sometime during the 4-week period ending with the 
    reference week. People who were waiting to be recalled to a job from which they 
    had been laid off need not have been looking for work to be classified as 
    unemployed.
    
       Civilian labor force.  The civilian labor force comprises all people
    classified as employed or unemployed.
    
       Unemployment rate.  The unemployment rate is the number unemployed as a 
    percent of the labor force.
    
       Not in the labor force.  People not in the labor force include all those who 
    are not classified as employed or unemployed. Information is collected on their 
    desire for and availability to take a job at the time of the CPS interview, job 
    search activity in the prior year, and reason for not looking in the 4-week 
    period ending with the reference week. This group includes individuals marginally 
    attached to the labor force, defined as people not in the labor force who want 
    and are available for a job and who have looked for work sometime in the past 12 
    months (or since the end of their last job if they held one within the past 12 
    months). They are not counted as unemployed because they had not actively searched 
    for work in the prior 4 weeks. Within the marginally attached group are discouraged 
    workers--people who are not currently looking for work because they believe there 
    are no jobs available or there are none for which they would qualify. The other 
    people marginally attached to the labor force group includes people who want a
    job but had not looked for work in the past 4 weeks for reasons such as family 
    responsibilities or transportation problems.
    
       Part time for economic reasons.  People classified as at work part time for 
    economic reasons, a measure sometimes referred to as involuntary part time, are 
    those who gave an economic reason for working 1 to 34 hours during the reference 
    week. Economic reasons include slack work or unfavorable business conditions, 
    inability to find full-time work, and seasonal declines in demand. Those who 
    usually work part time must also indicate that they want and are available for 
    full-time work to be classified as part time for economic reasons.
    
       Occupation, industry, and class of worker.  The occupation, industry, and 
    class of worker classifications for the employed relate to the job held in the 
    survey reference week. People with two or more jobs are classified in the job 
    at which they worked the greatest number of hours. People are classified using 
    the 2018 Census occupational and 2017 Census industry classification systems. 
    The class-of-worker breakdown assigns workers to the following categories: 
    private and government wage and salary workers, self-employed workers, and 
    unpaid family workers. Wage and salary workers receive wages, salary, 
    commissions, tips, or pay in kind from a private employer or from a government 
    unit. Self-employed people are those who work for profit or fees in their own 
    business, profession, trade, or farm. Only the unincorporated self-employed are 
    included in the self-employed category. Self-employed people who respond that 
    their businesses are incorporated are included among wage and salary workers. 
    Unpaid family workers are people working without pay for 15 hours a week or 
    more on a farm or in a business operated by a family member in their household.
    
    
    
    
    Table 1. Employment status of the civilian noninstitutional population by disability status and selected characteristics, 2024 annual averages [Numbers in thousands]
    Characteristic Civilian
    noninsti-
    tutional
    population
    Civilian labor force Not in
    labor
    force
    Total Participation
    rate
    Employed Unemployed
    Total Percent of
    population
    Total Rate

    TOTAL

    Total, 16 years and over

    268,571 168,106 62.6 161,346 60.1 6,761 4.0 100,465

    Men

    130,939 88,974 68.0 85,313 65.2 3,661 4.1 41,965

    Women

    137,633 79,132 57.5 76,033 55.2 3,100 3.9 58,500

    PEOPLE WITH A DISABILITY

    Total, 16 years and over

    33,945 8,328 24.5 7,701 22.7 627 7.5 25,618

    Men

    15,923 4,308 27.1 3,984 25.0 324 7.5 11,615

    Women

    18,023 4,020 22.3 3,717 20.6 303 7.5 14,003

    Age

    16 to 64 years

    16,915 6,886 40.7 6,326 37.4 561 8.1 10,029

    16 to 19 years

    876 242 27.6 184 21.0 58 23.9 634

    20 to 24 years

    1,271 596 46.9 517 40.6 79 13.3 675

    25 to 34 years

    2,625 1,522 58.0 1,393 53.1 129 8.5 1,103

    35 to 44 years

    2,689 1,402 52.1 1,310 48.7 92 6.6 1,287

    45 to 54 years

    3,417 1,405 41.1 1,301 38.1 104 7.4 2,012

    55 to 64 years

    6,036 1,719 28.5 1,621 26.8 98 5.7 4,317

    65 years and over

    17,030 1,441 8.5 1,375 8.1 66 4.6 15,589

    Race and Hispanic or Latino ethnicity

    White

    26,629 6,584 24.7 6,129 23.0 455 6.9 20,045

    Black or African American

    4,593 1,045 22.8 934 20.3 112 10.7 3,548

    Asian

    1,219 252 20.7 236 19.4 16 6.3 967

    Hispanic or Latino ethnicity

    4,277 1,188 27.8 1,076 25.2 111 9.4 3,089

    Educational attainment

    Total, 25 years and over

    31,798 7,490 23.6 7,000 22.0 490 6.5 24,309

    Less than a high school diploma

    4,427 556 12.6 499 11.3 57 10.2 3,871

    High school graduates, no college

    11,075 2,081 18.8 1,912 17.3 169 8.1 8,993

    Some college or associate degree

    8,838 2,379 26.9 2,224 25.2 155 6.5 6,459

    Bachelor’s degree and higher

    7,459 2,474 33.2 2,365 31.7 109 4.4 4,985

    PEOPLE WITH NO DISABILITY

    Total, 16 years and over

    234,626 159,779 68.1 153,645 65.5 6,134 3.8 74,847

    Men

    115,016 84,666 73.6 81,329 70.7 3,337 3.9 30,350

    Women

    119,610 75,113 62.8 72,316 60.5 2,797 3.7 44,497

    Age

    16 to 64 years

    191,920 149,580 77.9 143,744 74.9 5,836 3.9 42,340

    16 to 19 years

    16,709 6,242 37.4 5,477 32.8 765 12.3 10,467

    20 to 24 years

    20,116 14,697 73.1 13,655 67.9 1,042 7.1 5,419

    25 to 34 years

    41,802 35,660 85.3 34,202 81.8 1,457 4.1 6,142

    35 to 44 years

    41,491 36,001 86.8 34,887 84.1 1,114 3.1 5,490

    45 to 54 years

    36,617 31,532 86.1 30,738 83.9 794 2.5 5,085

    55 to 64 years

    35,185 25,448 72.3 24,785 70.4 663 2.6 9,737

    65 years and over

    42,706 10,198 23.9 9,900 23.2 298 2.9 32,507

    Race and Hispanic or Latino ethnicity

    White

    178,457 121,048 67.8 116,904 65.5 4,144 3.4 57,409

    Black or African American

    30,410 21,001 69.1 19,794 65.1 1,207 5.7 9,409

    Asian

    16,756 11,429 68.2 11,034 65.9 394 3.5 5,327

    Hispanic or Latino ethnicity

    44,645 31,702 71.0 30,151 67.5 1,551 4.9 12,942

    Educational attainment

    Total, 25 years and over

    197,801 138,839 70.2 134,512 68.0 4,326 3.1 58,962

    Less than a high school diploma

    14,868 8,597 57.8 8,090 54.4 507 5.9 6,271

    High school graduates, no college

    52,631 34,175 64.9 32,813 62.3 1,362 4.0 18,455

    Some college or associate degree

    48,149 33,460 69.5 32,403 67.3 1,057 3.2 14,689

    Bachelor’s degree and higher

    82,153 62,607 76.2 61,206 74.5 1,400 2.2 19,547

    NOTE: Estimates for the above race groups (White, Black or African American, and Asian) do not sum to totals because data are not presented for all races. People whose ethnicity is identified as Hispanic or Latino may be of any race.

    Table 2. Employed full- and part-time workers by disability status and age, 2024 annual averages [Numbers in thousands]
    Disability status and age Employed At work
    part time for
    economic
    reasons
    Total Usually
    work
    full time
    Usually
    work
    part time

    TOTAL

    16 years and over

    161,346 133,361 27,985 4,467

    16 to 64 years

    150,070 126,401 23,669 4,267

    65 years and over

    11,276 6,960 4,316 200

    People with a disability

    16 years and over

    7,701 5,322 2,379 303

    16 to 64 years

    6,326 4,641 1,684 275

    65 years and over

    1,375 680 695 27

    People with no disability

    16 years and over

    153,645 128,039 25,605 4,164

    16 to 64 years

    143,744 121,760 21,985 3,991

    65 years and over

    9,900 6,280 3,621 172

    NOTE: Full time refers to people who usually work 35 hours or more per week; part time refers to people who usually work less than 35 hours per week.

    Table 3. Employed people by disability status, occupation, and sex, 2024 annual averages [Percent distribution]
    Occupation People with a disability People with no disability
    Total Men Women Total Men Women

    Total employed (in thousands)

    7,701 3,984 3,717 153,645 81,329 72,316

    Occupation as a percent of total employed

    Total employed

    100.0 100.0 100.0 100.0 100.0 100.0

    Management, professional, and related occupations

    37.9 34.7 41.3 44.1 39.8 49.1

    Management, business, and financial operations occupations

    16.6 17.3 16.0 19.1 19.6 18.5

    Management occupations

    11.5 12.8 10.2 12.9 14.1 11.4

    Business and financial operations occupations

    5.1 4.4 5.8 6.2 5.4 7.1

    Professional and related occupations

    21.3 17.5 25.4 25.1 20.2 30.6

    Computer and mathematical occupations

    3.1 4.2 1.9 4.0 5.6 2.2

    Architecture and engineering occupations

    1.8 2.7 0.8 2.2 3.5 0.8

    Life, physical, and social science occupations

    0.8 0.8 0.9 1.2 1.1 1.3

    Community and social service occupations

    2.0 1.5 2.6 1.8 1.0 2.7

    Legal occupations

    1.0 0.9 1.2 1.1 1.0 1.3

    Education, training, and library occupations

    5.6 3.1 8.4 6.0 3.0 9.3

    Arts, design, entertainment, sports, and media occupations

    2.6 2.4 2.8 2.1 2.0 2.3

    Healthcare practitioners and technical occupations

    4.3 1.9 6.8 6.6 3.0 10.6

    Service occupations

    19.0 16.0 22.2 16.3 13.0 19.9

    Healthcare support occupations

    4.3 1.3 7.5 3.3 1.0 6.0

    Protective service occupations

    1.6 2.4 0.8 1.9 2.7 1.0

    Food preparation and serving related occupations

    5.4 4.7 6.2 5.0 4.3 5.7

    Building and grounds cleaning and maintenance occupations

    5.0 6.4 3.5 3.5 3.9 3.1

    Personal care and service occupations

    2.6 1.2 4.2 2.5 1.1 4.0

    Sales and office occupations

    20.8 14.7 27.4 18.4 13.8 23.6

    Sales and related occupations

    9.6 8.6 10.8 8.7 8.6 8.8

    Office and administrative support occupations

    11.2 6.1 16.6 9.7 5.2 14.8

    Natural resources, construction, and maintenance occupations

    8.1 14.9 0.9 9.0 15.9 1.1

    Farming, fishing, and forestry occupations

    0.5 0.6 0.3 0.6 0.8 0.4

    Construction and extraction occupations

    4.4 8.1 0.4 5.3 9.6 0.5

    Installation, maintenance, and repair occupations

    3.3 6.1 0.3 3.0 5.5 0.3

    Production, transportation, and material moving occupations

    14.2 19.8 8.2 12.2 17.5 6.3

    Production occupations

    5.5 7.3 3.5 4.9 6.6 3.0

    Transportation and material moving occupations

    8.7 12.5 4.7 7.3 10.9 3.3
    Table 4. Employed people by disability status, industry, class of worker, and sex, 2024 annual averages [Percent distribution]
    Industry and class of worker People with a disability People with no disability
    Total Men Women Total Men Women

    Total employed (in thousands)

    7,701 3,984 3,717 153,645 81,329 72,316

    Industry as a percent of total employed

    Total employed

    100.0 100.0 100.0 100.0 100.0 100.0

    Agriculture and related industries

    2.1 3.0 1.2 1.4 1.8 0.8

    Nonagricultural industries

    97.9 97.0 98.8 98.6 98.2 99.2

    Mining, quarrying, and oil and gas extraction

    0.3 0.5 0.1 0.4 0.6 0.1

    Construction

    6.3 10.9 1.5 7.5 12.6 1.8

    Manufacturing

    8.5 11.5 5.3 9.4 12.5 5.8

    Wholesale trade

    1.6 2.0 1.1 2.0 2.6 1.3

    Retail trade

    13.1 12.8 13.5 10.0 9.9 10.0

    Transportation and utilities

    5.9 7.8 3.8 6.1 8.7 3.1

    Information

    1.7 1.8 1.6 1.8 2.0 1.5

    Financial activities

    5.8 5.1 6.6 6.8 6.4 7.3

    Professional and business services

    12.0 13.5 10.5 13.3 14.5 11.9

    Education and health services

    21.8 11.3 33.0 23.1 11.1 36.5

    Leisure and hospitality

    9.5 8.9 10.0 8.7 8.0 9.5

    Other services

    6.0 5.7 6.3 4.7 4.1 5.4

    Public administration

    5.4 5.3 5.5 5.0 5.1 4.9

    Class of worker as a percent of total employed

    Total employed

    100.0 100.0 100.0 100.0 100.0 100.0

    Wage and salary workers

    90.7 89.5 92.0 94.0 93.2 94.8

    Private industries

    76.6 77.4 75.9 80.5 82.2 78.5

    Government

    14.1 12.2 16.1 13.5 11.0 16.3

    Federal

    3.3 3.6 2.9 2.6 2.7 2.4

    State

    5.0 3.4 6.7 4.7 3.5 6.0

    Local

    5.8 5.2 6.4 6.3 4.8 7.9

    Self-employed workers, unincorporated

    9.2 10.4 7.9 6.0 6.8 5.1
    Table 5. People not in the labor force by disability status, age, and sex, 2024 annual averages [Numbers in thousands]
    Category Total,
    16 years and
    over
    16 to 64 years Total,
    65 years and
    over
    Total Men Women

    PEOPLE WITH A DISABILITY

    Total not in the labor force

    25,618 10,029 4,876 5,152 15,589

    People who currently want a job

    798 542 253 289 256

    Marginally attached to the labor force

    203 159 77 83 43

    Discouraged workers

    45 31 18 13 14

    Other people marginally attached to the labor force

    157 128 59 69 29

    PEOPLE WITH NO DISABILITY

    Total not in the labor force

    74,847 42,340 16,227 26,113 32,507

    People who currently want a job

    4,792 4,170 2,009 2,161 622

    Marginally attached to the labor force

    1,355 1,239 676 563 116

    Discouraged workers

    363 332 202 130 31

    Other people marginally attached to the labor force

    992 907 475 433 85

    MIL OSI USA News

  • MIL-OSI Russia: The Academic Council of the State University of Management summed up the results of the winter session

    Translartion. Region: Russians Fedetion –

    Source: State University of Management – Official website of the State –

    On February 25, 2025, the State University of Management held a regular meeting of the Academic Council. The agenda included 14 items, including reporting on educational activities, approval of curricula and plans, as well as increased scholarships.

    According to tradition, the meeting began with a ceremony to award university employees for their work achievements and congratulate them on their birthdays, which was conducted by the Vice-Rector of the State University of Management Dmitry Bryukhanov.

    The working program was opened by the Head of the Electronic Dean’s Office of the University Natalia Tymchuk with a report on the results of the winter examination session of the 2024/2025 academic year. The session was attended by 5,247 full-time bachelor’s degree students, and 80% of them successfully completed the midterm assessment. Of the 835 full-time master’s degree students, 269 people passed the session with excellent marks, exceeding all other categories in their number. In the correspondence forms of bachelor’s and master’s degrees, 96% of students successfully passed the session, and only one student in the master’s degree program was left in arrears. In general, the number of successful students in all forms of study at SUM has increased compared to the same period last year.

    The Director of the Institute of Personnel Management, Social and Business Communications Alexey Chudnovsky spoke about the results of the implementation of work plans for 2024 and the development prospects for 2025. At the beginning of his speech, the speaker noted the continuing effectiveness of traditional methods of attracting applicants – open days, master classes and presentations. And this is despite the fact that work in this area in social networks is carried out in accordance with the spirit of the times. Then the professor reported on the functioning of additional professional education programs, which accept participants in a special military operation and veterans of the Russian Guard.

    Alexey Danilovich outlined the broad geography of the institute’s international activities – the formation of an educational cluster with universities in Turkey, Iran, China, India, Egypt, Morocco, South Africa, the UAE and other countries. He also noted the activities of the BRICS Higher School, which conducts three educational programs in English and works with the support of Rossotrudnichestvo and law enforcement agencies that facilitate the recruitment of students. The director of the Institute of Postgraduate Studies and the History of the Broadcasting System also mentioned the work of the Department of Foreign Languages, which is highly valued by students and partners from the Ministry of Economic Development of the Russian Federation.

    Reporting on the project work of the institute’s students, Aleksey Chudnovsky pointed out the high academic performance in this area – 11 projects by IUPSiBK students made it to the finals (27% of the total number of finalists), and 3 projects won prizes (a quarter of the total number of places).

    Vice-Rector of the State University of Management Maria Karelina put to a vote the issue of creating a department of scientific and technical information and coordination of dissertation councils and approving its Regulations. As a result of the restructuring, the new division will include employees of the departments of statistics, dissertation councils and postgraduate studies with the preservation of jobs. This decision will increase the efficiency of work and the speed of communications in the designated areas of the university’s activities.

    The report by Natalia Starkova, Director of the Department of Academic Policy and Implementation of Educational Programs, on the approval of higher education programs for the 2025–2026 academic year aroused keen interest among the members of the Academic Council. Vadim Dikikh, Director of the Department of Digital Development and Admission of Applicants, joined the discussion and explained the technical features of the new state electronic system for registering educational programs.

    Deputy Director of the Department of Academic Policy and Implementation of Educational Programs Olga Zhuravleva put to a vote the issue of approving the amounts of increased state academic scholarships from February 1, 2025. The scholarships will be increased compared to the previous period. The Academic Council also approved scholarships for sports achievements, which will be issued subject to excellent studies, also from February 1.

    At the end of the meeting, at the suggestion of the Chairperson of the Student Council of the State University of Management, Valeria Burlakova, the Academic Council decided to provide significant discounts on tuition in the current semester to three students whose fathers are taking part in a special military operation.

    Subscribe to the TG channel “Our GUU” Date of publication: 02/25/2025

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

    MIL OSI Russia News

  • MIL-OSI Africa: African Development Bank and Standard Bank Unite to Support Small, Medium, and Micro Enterprises (SMMEs) and Boost Trade

    Source: Africa Press Organisation – English (2) – Report:

    The African Development Bank Group (www.AfDB.org) and Standard Bank Group (SBG) on Monday signed a landmark financial agreement to enhance funding for small, medium, and micro enterprises (SMMEs) and expand trade across Africa.

    The agreement includes a R3.6 billion investment in a social bond and a $200 million Risk Participation Agreement (RPA) for Standard Bank of South Africa Limited (SBSA). This initiative strengthens Standard Bank’s lending capacity, ensuring greater access to finance for SMMEs, a critical driver of economic growth and job creation in South Africa.

    The social bond investment promotes inclusive economic development, particularly for SMMEs with a turnover below R300 million and loan sizes under R40 million. This financing will support up to 4,000 businesses, helping them scale operations, create jobs, and contribute to economic resilience.

    Kenny Fihla, Deputy Chief Executive Officer of Standard Bank Group and Chief Executive Officer of SBSA, welcomed the investment, stating: This landmark partnership strengthens our ability to support SMMEs, the backbone of South Africa’s economy. With approximately 3.2 million SMMEs accounting for 60% of jobs, ensuring access to finance is crucial. This initiative aligns with our Sustainable Finance Framework and our commitment to financial inclusion.”

    In addition to the social bond, the $200 million RPA enhances trade finance across Africa, focusing on Low-Income Countries and Transition States. This agreement enables local banks to increase lending by sharing risk, bridging the trade finance gap, and promoting intra-African trade.

    Leila Mokaddem, Director General for Southern Africa at the African Development Bank, highlighted the broader impact: “This collaboration marks a significant milestone in our long-standing partnership and is a testament to our shared commitment to supporting SMMEs’ growth and enhancing trade finance across Africa. Expanding financial inclusion and trade opportunities empowers businesses to drive economic transformation and regional integration. The Standard Bank Group remains a strategic partner in our shared vision for economic development on the continent.”

    This initiative aligns with the African Development Bank’s Ten-Year Strategy (2024–2033), which prioritises industrialisation, regional integration, and improving the quality of life in Africa. It also supports Standard Bank’s Sustainable Finance Framework, reinforcing both institutions’ commitment to fostering green and inclusive growth.

    “We are proud of this transaction, demonstrating our shared commitment to sustainable financing. By supporting businesses, we create long-term economic opportunities and financial resilience,” stated Ahmed Attout, Director of the Financial Sector Development Department at the African Development Bank.

    Kenny Fihla reaffirmed the significance of the collaboration:

    “By providing much-needed capital, we are helping enterprises overcome challenges and thrive. This partnership illustrates the power of collaboration in driving meaningful economic and social change in Africa.”

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    For media inquiries, please contact:
    Natalie Naudé

    Communication and External Relations Department
    Email: media@afdb.org

    About the African Development Bank Group:
    The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

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    MIL OSI Africa

  • MIL-OSI Economics: Secretary-General of ASEAN gives interview to Vietnam Television

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today gave an interview to Vietnam Television (VTV) on the sidelines of the 2nd ASEAN Future Forum in Hanoi, Viet Nam. During the interview, he lauded the success of the ASEAN Future Forum in facilitating multi-stakeholder dialogue and practical policy recommendations. He also shared his thoughts on the progress of ASEAN community-building efforts as well as on regional issues.

    The post Secretary-General of ASEAN gives interview to Vietnam Television appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Economics: Secretary-General of ASEAN meets with Vice Minister of Foreign Affairs of the People’s Republic of China

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today met with Vice Minister of Foreign Affairs of the People’s Republic of China Sun Weidong, on the sidelines of the 2nd ASEAN Future Forum. Both sides exchanged views on ASEAN-China relations and regional issues. Dr. Kao also expressed appreciation for China’s continued support for ASEAN Centrality and contributions to ASEAN Community-building and regional integration.

    The post Secretary-General of ASEAN meets with Vice Minister of Foreign Affairs of the People’s Republic of China appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Economics: Secretary-General of ASEAN calls on Deputy Prime Minister and Minister of Foreign Affairs of Viet Nam

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today called on Deputy Prime Minister and Minister of Foreign Affairs of Viet Nam, H.E. Bui Thanh Son, on the occasion of the 2nd ASEAN Future Forum. During the meeting, they discussed ways to advance ASEAN Community-building, particularly in light of the upcoming adoption of the ASEAN Community Vision 2045 later this year. Dr. Kao also expressed appreciation of Viet Nam’s contributions to ASEAN’s integration since its membership in ASEAN in 1995.

    The post Secretary-General of ASEAN calls on Deputy Prime Minister and Minister of Foreign Affairs of Viet Nam appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Economics: Secretary-General of ASEAN meets with Canada’s Special Envoy for the Indo-Pacific

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today met with Canada’s Special Envoy for the Indo-Pacific Ian McKay, on the sidelines of the 2nd ASEAN Future Forum, where they discussed ASEAN-Canada cooperation in alignment with the ASEAN Outlook on the Indo-Pacific (AOIP) and ASEAN-Canada’s mutual interests.

    The post Secretary-General of ASEAN meets with Canada’s Special Envoy for the Indo-Pacific appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Russia: Marat Khusnullin: Regions will be able to change the territorial planning approved by federal authorities

    Translartion. Region: Russians Fedetion –

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

    Prime Minister Mikhail Mishustin signed a resolution that grants regions the authority to change and cancel territorial planning documentation (TPD) that was previously approved by federal executive bodies for holding major international events.

    These include the 2020 UEFA European Football Championship, the 2018 FIFA World Cup, the 2017 FIFA Confederations Cup, the 2014 Olympic and Paralympic Winter Games and the 2012 Asia-Pacific Economic Cooperation Forum.

    “The territory planning documentation determines the development of one or several blocks. In essence, it solves strategic problems – what, where and when will be built there. Often, the territory planning that the federal authorities determined for holding international events several years ago no longer meets the current needs of settlements and their residents. Previously, only local governments could make changes to such documentation, but their powers do not extend to objects of regional significance. Now the regions will be able to independently make decisions on the development of such territories taking into account current tasks and priorities, which, of course, will contribute to the most effective creation of comfortable living conditions for people. In addition, the adopted changes will significantly reduce the time it takes to prepare the DPT for the construction of objects of regional significance,” said Deputy Prime Minister Marat Khusnullin.

    This measure will affect Moscow, St. Petersburg, Krasnodar and Primorsky Krais, Kaliningrad, Nizhny Novgorod, Volgograd, Rostov, Sverdlovsk, Samara regions, and the republics of Mordovia and Tatarstan.

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

    MIL OSI Russia News

  • MIL-OSI: Trust Stamp announces the allowance by USPTO of Non-Provisional Patent Application 17/725,978 entitled: “Interoperable Biometric Representation” unlocking the potential to break vendor lock-in for biometric services

    Source: GlobeNewswire (MIL-OSI)

    Atlanta, GA, Feb. 25, 2025 (GLOBE NEWSWIRE) — Trust Stamp announces a groundbreaking innovation in biometric security with the allowance by the United States Patent and Trademark Office of a patent application for its “Interoperable Biometric Representation” framework. This disruptive advancement addresses the critical challenge of biometric interoperability while enhancing privacy and security.

    Biometric-based identification and verification systems are widely used today, but their adoption and universality is hindered by a lack of interoperability. Different biometric vendors use proprietary data formats, making it impossible to compare biometric samples across different systems and potentially locking enterprise and government users into legacy vendors.

    Trust Stamp’s new framework solves this issue by transforming biometric data into a universal, privacy-secured format that enables seamless biometric recognition and validation across platforms. This enables biometric samples from different vendor systems to be compared and validated without requiring changes to the way that vendors routinely capture or process biometric data. Furthermore, the system functions as a Privacy Enhancing Technology (PET) by generating privacy-secured tokens, known as irreversibly transformed identity tokens (IT2™), which allow users to perform biometric matching without storing or exposing sensitive biometric data.

    Scott Francis, Chief Technology Officer of Trust Stamp, emphasizes the significance of this breakthrough: “Interoperability in facial biometrics is non-existent today, and this patent addresses that gap. First, it allows biometric samples from different vendors to be compared by converting their templates into a common format. Second, it provides an open-format/open-weight neural network solution that approved vendors can use directly to generate face templates that are compliant with the format, eliminating the need for proprietary conversions.”

    Dr. Norman Poh, Chief Science Officer of Trust Stamp, highlights the dual benefits of this innovation: “This patent not only resolves interoperability issues but also operates within a privacy-preserving, tokenized domain. These privacy-secured IT2 tokens allow users to obtain and compare biometric data from multiple sources without risking vendor lock-in, a problem that has long plagued the industry and hurt customers.”

    This advancement aligns with Trust Stamp’s commitment to fostering secure, privacy-first identity verification solutions that can accelerate secure financial inclusion. By eliminating vendor lock-in and enhancing cross-platform biometric authentication, the Interoperable Biometric Representation framework represents a significant step toward a more open, secure, and accessible digital identity ecosystem.

    For more information about Trust Stamp’s privacy-first identity solutions, visit www.truststamp.ai.

    Inquiries:

    Trust Stamp                                                    Email: shareholders@truststamp.ai
    Dr. Norman Poh                                              Email: npoh@truststamp.ai
    Scott Francis                                                   Email: sfrancis@truststamp.ai

    About Trust Stamp

    Trust Stamp the Privacy-First Identity CompanyTM, is a global provider of AI-powered identity services for use in multiple sectors including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services. Its technology empowers organizations with advanced biometric identity solutions that reduce fraud, protect personal data privacy, increase operational efficiency, and reach a broader base of users worldwide through its unique data transformation and comparison capabilities.

    Located across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI).

    Safe Harbor Statement: Caution Concerning Forward-Looking Remarks 

    All statements in this release that are not based on historical fact are “forward-looking statements” including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The information in this announcement may contain forward-looking statements and information related to, among other things, the company, its business plan and strategy, and its industry. These statements reflect management’s current views with respect to future events-based information currently available and are subject to risks and uncertainties that could cause the company’s actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to revise or update

    The MIL Network

  • MIL-OSI: GCM Grosvenor Announces Final Close of GCM Grosvenor Co-Investment Opportunities Fund III, Raising Nearly $615 Million

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 25, 2025 (GLOBE NEWSWIRE) — GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, today announced the final close of GCM Grosvenor Co-Investment Opportunities Fund III (“GCF III”), securing approximately $615 million in commitments, a material increase over its predecessor, GCF II. With the firm’s total private equity co-investment commitments now at $9 billion, this milestone reinforces GCM Grosvenor’s position as a leader in co-investment strategies within its broader $30 billion private equity platform.

    Co-investments are increasingly seen as an essential component of a diversified private markets program, and GCM Grosvenor provides differentiated access to co-investment opportunities through its robust sourcing capabilities, flexible structuring, and established partnerships across sponsors and other market participants.

    “We are grateful for the strong support of our GCF III investors, who continue to recognize the value of our disciplined and diversified approach,” said Michael Sacks, Chairman and Chief Executive Officer at GCM Grosvenor. “Our 25-year track record investing in private equity helps us to identify and execute compelling co-investment opportunities.”

    GCF III attracted a broad base of investors, including public, corporate, and Taft-Hartley pension plans, financial institutions, and family offices based in North America, Europe, the Middle East, and Asia. The fund will focus on co-investments across private equity, particularly targeting middle-market growth and buyout transactions.

    About GCM Grosvenor

    GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $80 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm has specialized in alternatives for more than 50 years and is dedicated to delivering value for clients by leveraging its cross-asset class and flexible investment platform.

    GCM Grosvenor’s experienced team of approximately 550 professionals serves a global client base of institutional and individual investors. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul and Sydney. For more information, visit: gcmgrosvenor.com.

    Media Contact
    Tom Johnson and Abigail Ruck
    H/Advisors Abernathy
    tom.johnson@h-advisors.global / abigail.ruck@h-advisors.global
    212-371-5999

    The MIL Network

  • MIL-OSI: Varonis at the 2025 Gartner® Security & Risk Management Summit: Securing Data in the Age of AI

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, Feb. 25, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, today announced its full schedule as a Premier Exhibitor at the Gartner Security & Risk Management Summit, March 3 – 4 at the International Convention Centre in Sydney, Australia.

    Varonis Activities at the Gartner Security & Risk Management Summit:

    Meet Varonis: Visit booth #210 to catch 1:1 demos and learn how Varonis’ best-in-class Data Security Platform allows companies to understand their risk, automatically fix exposures, and stop attacks on data — all while deploying AI confidently.

    Panel Session: “Executive’s Guide to Securing Data in a New Era of Risk” — Join Varonis VP of APAC Scott LeachAllens CIO Bill Tanner, and leaders from a prestigious property investment firm and national healthcare provider as they discuss strategies for protecting sensitive data in the age of AI. The panelists will discuss AI’s impact on data security, compliance, and risk reduction.

    Date: Monday, March 3 from 2:45 – 3:15 p.m.
    Location: Level 2, room C2.3

    Additional Resources

    GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

    About the Security & Risk Management Summit
    Gartner analysts will present the latest research and advice for security and risk management leaders at the Gartner Security & Risk Management Summits, taking place March 3-4 in Sydney, March 10- 11 in Mumbai, April 7-8 in Dubai, June 9-11 in National Harbor, MD, July 23-25 in Tokyo and August 5-6 in Sao Paulo. Follow news and updates from the conferences on X using #GartnerSEC.

    About Varonis
    Varonis (Nasdaq: VRNS) is a leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.

    Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), and insider risk management.

    Varonis protects data first, not last. Learn more at www.varonis.com.

    Investor Relations Contact:
    Tim Perz
    Varonis Systems, Inc.
    646-640-2112
    investors@varonis.com 

    News Media Contact:
    Rachel Hunt
    Varonis Systems, Inc.
    877-292-8767 (ext. 1598)
    pr@varonis.com

    Public Relations Contact
    Emma Keen
    Director, Public Relations (Asia Pacific)
    +61 (0)402 112 189
    emma.keen@gartner.com

    Exhibitor Contact(s)
    James Kan
    Client Services Partner
    +61 (0)428 793 274
    james.kan@gartner.com

    The MIL Network

  • MIL-OSI Global: How early voting on campuses can boost election turnout – not only for students but for residents, too

    Source: The Conversation – USA – By Stephen C. Phillips, Lecturer in Political Science, Clemson University

    NextGen, a youth and democracy group, encouraging University of Central Florida students to vote early on campus in the 2018 midterms, Orlando, Florida, Oct. 25, 2018. Willie J. Allen Jr./AP Images

    Republican-led legislatures in several U.S. states, from Indiana to Oklahoma, are considering imposing restrictions on early voting, from shortening the number of days to tightening ID requirements for voters.

    Florida, by contrast, offers several tools to increase voting access, including for young people – a historically low-turnout group. Floridians may preregister to vote at age 16 and request vote-by-mail ballots with no justification needed. And starting in 2018, Florida election officials began offering in-person early-voting sites on college and university campuses after a federal judge nullified a 2014 rule barring higher education facilities from serving as early-voting sites.

    I am a lecturer of political science who studies American political development and public law, and my research suggests that expanding on-campus early-voting sites can boost turnout in U.S. elections by making voting more convenient – not only for students but for residents of surrounding communities too.

    Campus voting is popular

    I have been tracking votes cast at on-campus early-voting sites in Florida since 2018. The data shows these voting sites are increasingly popular.

    My research shows that 59,205 votes were cast across 12 Florida campuses hosting early-voting sites in 2018. That number increased to 92,344 at 11 locations in 2020 and jumped again – by about 50,000 votes – during the 2024 election.

    During 14 days of early voting in October and November 2024, 142,085 Floridians cast ballots across 16 on-campus early-voting sites across the state. One-quarter of them – 35,245 voters – took advantage of three campus sites in Miami-Dade County, the state’s most populous county.

    A 2019 study by the Andrew Goodman Foundation, a nonprofit promoting youth participation in democracy, determined that overall voter turnout in Florida increased during the 2018 election, in comparison with previous midterm elections, in part “due to the added convenience” of on-campus voting.

    Greater access to in-person early voting also increases the likelihood of a person’s ballot counting, since mail-in ballots tend to be rejected at higher rates than in-person votes.

    Who votes on campus?

    On-campus early voting makes elections more accessible for all voters.

    My data from 2024 shows that 35% of voters at Florida’s 16 on-campus early-voting sites were registered Democrats and 32% were registered Republicans. The remaining 33% registered with minor parties or had no party affiliation.

    These results differ from voter registration data from 2024 in Florida, which shows 40% of registered voters as Republicans, 31% as Democrats and 29% as other. That is to be expected, because studies of on-campus early voters in Florida find that these voters are younger and more diverse than those at other polling places.

    Both students and local residents may vote at on-campus polling sites in Florida.

    A 2019 report from the Andrew Goodman Foundation found “Hispanic and Black voters disproportionately cast ballots” at campus locations alongside college-age voters. It also said that 56% of early voters at campus sites were under age 30.

    Differences in party turnout at tracked sites, then, may reflect the higher share of Gen Z voters registered as Democrats or with no party affiliation.

    Obstacles to voting access

    Before casting a ballot, voters face four decisions. First, whether to register to vote. Second, whether to vote in an election. Third, how to vote: early in-person, vote-by-mail or on Election Day. Fourth, whom or what to vote for.

    Turnout rates among young voters vary widely across states, but in states where on-campus voting locations are frequent – such as Arizona, Florida and North Carolina – youth turnout tends to be higher.

    In the 2024 election, people ages 18 to 29 represented 14% of overall Florida voters – roughly on par with their proportion of the state’s population. It is difficult to make a direct comparison between the voting age population and voter turnout rates because of voter eligibility rules.

    But, for reference, 18-to-29-year-olds made up 14% of voters in Texas in 2024, too – yet are estimated to be nearly 17% of the population.

    Several states have rules seemingly designed to hinder young people from voting. After the 2020 election, Ohio passed a law making it harder for out-of-state students to vote by restricting the documents voters may use to prove their residency. Data from the Campus Vote Project shows several states, including Texas, Iowa and Missouri, do not accept student IDs as valid identification to vote. Oklahoma is currently considering similar legislation.

    While turnout rates reflect many factors, including the popularity of the candidates, low voter turnout is often associated with increased difficulty in casting a ballot.

    Florida shows that college campuses play an important role in increasing access to voting, not just for students but for residents in the surrounding communities, too. Nearly 3% of the 5.4 million people who voted early in person statewide in 2024 cast their ballot at a campus polling site, up from 2.2% in 2018.

    Election officials, university leaders and lawmakers know that having on-campus early-voting sites is a successful method for engaging voters. As one first-time voter at York Technical College in South Carolina told South Carolina Public Radio in 2024, the convenient location “definitely encourages me to vote.”

    Across the country, from Iowa to Texas, many schools and election officials host early on-campus voting.

    In other places, however, state and local laws, or decisions by local officials, prevent many campuses from hosting polling sites.

    For example, Ohio limits the number of early-voting sites to one per county. That meant that, in 2024, Ohio State University had no campus early-voting sites, and for its students the closest place to vote in person was about 6 miles (10 kilometers) away.

    In South Carolina, though some campuses do host polling sites, the university where I teach, Clemson, does not. In 2024, students had to travel four miles to reach the nearest in-person early-voting location in Pickens County.

    A recent study found that long distances and travel times to polling locations constitute “a barrier to voting.” And students, as a population, often have particularly limited access to transportation.

    Further studies will show more precisely how on-campus early voting expands the voter universe. But my vote tracking and other new research provides some clues, suggesting that early in-person voting on campus increases early voting and diversifies the electorate.

    Expanding on-campus early voting, then, is not just about convenience. It is about empowering the next generation of voters and strengthening democracy.

    Stephen C. Phillips does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. How early voting on campuses can boost election turnout – not only for students but for residents, too – https://theconversation.com/how-early-voting-on-campuses-can-boost-election-turnout-not-only-for-students-but-for-residents-too-247161

    MIL OSI – Global Reports

  • MIL-OSI Global: Trump’s claims of vast presidential powers run up against Article 2 of the Constitution and exceed previous presidents’ power grabs

    Source: The Conversation – USA – By Claire B. Wofford, Associate Professor of Political Science, College of Charleston

    How much power does the president really have? fotojog-iStock/Getty Images Plus

    Those who wrote and wrangled over America’s Constitution might be troubled by the second presidency of Donald J. Trump.

    While almost all modern presidents flex their muscles in the initial stages of their administration, the first weeks of the second Trump presidency have seen a rapid-fire, often dizzying array of executive actions that have sparked heated, even virulent, disputes among politicians, the media and citizens about how much power the president of the United States should have.

    Historians differ about the framers’ precise intent regarding the executive branch. But the general consensus is twofold: First, domestic lawmaking power, including the critical “power of the purse,” would rest with Congress; second, the president would not be the equivalent of a king.

    Fresh off the coercion of King George III, the framers were in no mood to recreate the British system. They debated extensively about whether the executive branch should be led by more than one person. A single chief executive was eventually favored in part because other institutional checks, including the selection of the president by the American people and Congress’ ability to impeach, seemed sufficient. And, of course, Congress would retain lawmaking powers.

    Almost immediately, however, Congress began delegating some of that power to the presidency. As the nation grew and Congress found itself unable to manage the ensuing demands, it put more and more policymaking powers into the executive branch.

    Congress frequently passed vaguely worded statutes and left important details largely to the president about how to manage, for instance, immigration or the environment. President-as-policymaker and the development of an immense federal bureaucracy that is now in the crosshairs of Trump and Elon Musk was one unintended result.

    Whether the current American president has become a king, particularly after the sweeping grant of immunity in 2024 by the Supreme Court and the seeming acquiescence by Congress to Trump’s latest directives, remains up for debate.

    In 2019, Trump said, “And then I have an Article 2, where I have the right to do whatever I want as President.”

    I’m a constitutional law scholar, and I can comfortably respond: With all due respect, Mr. President, no. Article 2 does not grant the president unlimited power.

    Here’s what the Constitution does say – and doesn’t say – about the power of the president.

    An 1881 depiction of the 1787 Constitutional Convention in Philadelphia.
    Alfred Kappes and Frederick Juengling, New York Public Library Digital Collections

    Exploiting imprecise language

    The Constitution divides power among the three branches of the federal government – executive, legislative and judicial.

    Article 1 specifies in great detail the structure and powers of Congress. In comparison, Article 2 is relatively short, outlining the powers of the executive branch, which now encompasses the president, his advisers and various departments and agencies.

    There is no extensive laundry list of enumerated powers for the executive branch. Instead, there is a smattering. The president is given the power to “grant reprieves and pardons,” to “receive ambassadors,” and, with the consent of the Senate, “make treaties” and “appoint” various federal officials. The president is also the “Commander in Chief.”

    Aside from the ability to veto legislation and “recommend” policies to Congress, the president was intended to serve primarily as an administrator of congressional statutes, not a policymaker.

    It is other, much less precise language in Article 2 that undergirds much of what Trump claims he can do – and what opponents say he cannot.

    Specifically, Section 1 states, “The Executive power shall be vested in a President,” and Section 3 requires the President to “take care that the laws be faithfully executed.”

    On their face, these “vesting” and “take care” clauses seem relatively innocuous, reflecting the framers’ view that the President would implement rather than create the nation’s public policy. Congress would have that prerogative, with the president generally confined to ensuring those laws were carried out appropriately.

    Trump and his allies, however, have seized on these words as authorizing unlimited control over each of the 4 million employees of the executive branch and, through program changes and spending freezes, allowing him to exert significant policymaking power for the nation.

    The administration has now surpassed what even the strongest proponents of presidential power may have once argued. Trump adviser Stephen Miller has said, “All executive power is vested in the one man elected by the whole nation. No unelected bureaucrat has any ‘independent’ authority.”

    Yet the overriding goal of the framers at the Constitutional Convention was to avoid creating an American version of the British monarchy, with a single, unaccountable ruler in charge of national policymaking, free to implement his vision at will.

    In the view of Trump’s critics, this is precisely what has occurred.

    President Donald Trump signs an executive order on Feb. 14, 2025, at the White House.
    Andrew Harnik/Getty Images

    Going around Congress

    Trump is not the first president to use Article 2’s ambiguity to push the boundaries of executive authority.

    Particularly since the end of World War II and the Franklin D. Roosevelt administration, presidents have seized upon the same phrases in the Constitution to put their particular political agendas into action.

    Barack Obama, for instance, famously touted his “phone and pen” as a way to make policy when Congress refused.

    The vehicle for most executive branch policymaking, including by Trump, has been the executive order. Executive orders are mentioned nowhere in the Constitution, but presidents have, since the very earliest days of the republic, issued these directives under their “executive” and “take care” power. Since the founding, there have been tens of thousands of executive orders, used by Democratic and Republican presidents alike.

    Often, executive orders are relatively minor. They form commissions, set holiday schedules or brand an agency with a new seal. Dozens are signed unnoticed during every administration.

    In other instances, they have sweeping and substantive effect.

    Among those, Abraham Lincoln’s Emancipation Proclamation freed Southern slaves, Franklin Roosevelt placed Japanese Americans in internment camps, Harry S. Truman integrated the military, and Joe Biden forgave student loans. Trump has attempted to redefine birthright citizenship – a move which, for now, has been stopped by federal courts.

    Because they have the force of law and remain in place until revoked by a subsequent president, executive orders have often faced legal challenges. Currently, there are more than 80 lawsuits challenging Trump’s executive orders for violating both federal law and the Constitution. Some orders, but not all, have been halted by lower courts.

    But if many presidents have believed that Article 2 of the Constitution gives them the power to make policy via executive order, the nation’s highest court hasn’t always agreed.

    Out of bounds?

    Requests to the high court to rule on Trump’s executive orders are a virtual certainty.

    Historically, the Supreme Court has struck down some executive orders as outside the scope of Article 2. As the court wrote in 1952, “In the framework of our Constitution, the President’s power to see that the laws are faithfully executed refutes the idea that he is to be a lawmaker.”

    Whether Trump’s various directives are within his Article 2 authority or violate both the letter and spirit of the Constitution awaits determination, most likely by the U.S. Supreme Court. Much of the genius of that document is its often ambiguous language, letting the government adapt to a changing nation.

    Yet that very ambiguity has allowed both sides of today’s political divide to claim that their version of executive power is faithful to the framers’ vision. As with the Civil War and the Civil Rights Movements, such a dispute could very well drive the U.S. to the breaking point.

    Congress or the American people may eventually decide that Trump has gone too far. The next presidential election is years away, but Congress still retains the power of impeachment. More realistically, they could rein him in via legislation, as they did with President Richard Nixon.

    For now, it is up to the judicial system to evaluate what the administration has done. Courts will need to use their constitutionally mandated authority to evaluate whether Trump has exceeded his.

    In 2022, I donated $20 to ActBlue.

    ref. Trump’s claims of vast presidential powers run up against Article 2 of the Constitution and exceed previous presidents’ power grabs – https://theconversation.com/trumps-claims-of-vast-presidential-powers-run-up-against-article-2-of-the-constitution-and-exceed-previous-presidents-power-grabs-249662

    MIL OSI – Global Reports

  • MIL-OSI Economics: Ryozo Himino: An economy with positive interest rates

    Source: Bank for International Settlements

    Introduction

    After a quarter century with near zero or negative policy interest rates, the Japanese economy is transitioning to a state with positive rates. People have mixed feelings about a state that has been unknown for decades. Let me pose three questions regarding an economy with positive interest rates.

    I. What Kind of Economy to Anticipate?

    The first is the question of what kind of economy with positive interest rates to anticipate and what kind of path to pursue toward it. The difference between an economy with and without positive rates is not merely the presence or absence of positive rates. There are many possible forms of an economy with positive rates, and the path toward such an economy, including the causes and the speed of transition, can also be diverse.

    To explore what can lie behind positive policy rates, I would like to begin with a conceptual framework for policy rate setting (Chart 1). First, let us assume that economic activity is affected by the level of the real policy rate, which is the nominal policy rate minus inflation expectations. A central bank will set its nominal policy rate to attain the desired level of the real policy rate.

    The appropriate level of the real policy rate could be derived by adding to or subtracting from the natural rate of interest, the rate that is neutral to the economy, according to the policy stance toward how restrictive or accommodative the central bank desires its monetary policy to be. In the case of a central bank with a price stability mandate, the policy stance is set so as to bring the inflation rate in line with the price stability target.

    MIL OSI Economics

  • MIL-OSI Economics: Rajeshwar Rao: Inaugural address – Second Annual Conference on Macroeconomics, Banking and Finance

    Source: Bank for International Settlements

    Introduction

    Good Morning All!

    I thank IIM, Kozhikode and the National Stock Exchange for inviting me to deliver the inaugural address at this Conference. The theme for the conference- “Finance for Growth Amid Creative Disruptions”-captures the essence of the transformation we are witnessing in the financial sector – not just in India but globally. Disruptions in finance are not new, but what sets this era apart is the unprecedented pace and scale of change, fuelled by digitalization, artificial intelligence, and the resulting confluence of these changes leading to emergence of new business models. These changes make it essential for us to understand how to harness them for sustainable economic growth.

    For India, this transformation is particularly significant as we strive towards Viksit Bharat 2047 – a vision of a developed and self-reliant economy. Our goal of becoming an advanced economy by 2047 will require us to effectively integrate technology with finance to deepen markets, expand financial inclusion, and drive economic productivity.

    Creative Disruption vis-à-vis Creative Destruction

    Innovation in finance has always been a double-edged sword-on one side, it drives efficiency and inclusion, but on the other, it can destabilize traditional structures if not managed well. This is where the distinction between creative disruption and creative destruction becomes crucial. While both terms may seem similar, they carry very different implications. Creative destruction, as popularized by economist Joseph Schumpeter, refers to the complete dismantling of old systems to make room for new ones. In contrast, creative disruption is a more nuanced process-it’s about evolving existing systems, refining them, and making them better through technological innovations. We are not simply looking to replace what exists but to transform it for the better.

    MIL OSI Economics

  • MIL-OSI Global: If US attempts World Bank retreat, the China-led AIIB could be poised to step in – and provide a model of global cooperation

    Source: The Conversation – USA – By Tamar Gutner, Associate Professor, American University

    Donald Trump is no fan of international organizations. Just hours after taking office on Jan 20, 2025, the U.S. president announced his intention to withdraw from the World Health Organization and the Paris agreement on climate change.

    Could the International Monetary Fund and the World Bank be next?

    Certainly, supporters of the twin institutions – that have formed the backbone of global economic order for 80 years – are concerned. A Trump-ordered review of Washington’s support of all international organizations has led to fears of the U.S. reducing funding or pulling it altogether.

    But any shrinking of U.S. leadership in international financial institutions would, I believe, run counter to the administration’s ostensible geopolitical goals, creating a vacuum for China to step into and take on a bigger global role. In particular, weakening the World Bank and other multilateral development banks, or MDBs, that have a large U.S. presence could present an opportunity for a little-known, relatively new Chinese-led international organization: the Asian Infrastructure Investment Bank – which, since its inception, has supported the very multilateralism the U.S. is attacking.

    AIIB’s paradoxical role

    The Asian Infrastructure Investment Bank (AIIB) was created by China nine years ago as a way to invest in infrastructure and other related sectors in Asia, while promoting “regional cooperation and partnership in addressing development challenges by working in close collaboration with other multilateral and bilateral development institutions.”

    Since then, it has served as an example of an international body willing to deeply cooperate with other major multilateral organizations and follow international rules and norms of development banking.

    This may run counter to the image of Beijing’s global efforts portrayed by China hawks, of which there are many in the Trump administration, who often present a vision of a China intent on undermining the Western-led liberal international order.

    But as a number of scholars and other China experts have suggested, Beijing’s strategies in global economic governance are often nuanced, with actions that both support and undermine the liberal global order.

    As I explore in my new book, it is clear that today the AIIB is a paradox: an institution connected to the rules and norms of the liberal international order, but one created by an illiberal government.

    Chinese Finance Minister Lou Jiwei speaks during the signing ceremony of the Asian Infrastructure Investment Bank on Oct. 24, 2014, in Beijing.
    Takaki Yajima-Pool/Getty Images

    The AIIB is deeply tied to the rules-based order as displayed through its many cooperative connections with other major multilateral development banks, such as the World Bank and the Japan-led Asian Development Bank.

    As such, the AIIB may present a Chinese counterpoint in a landscape where U.S. leadership is receding.

    The cooperative design of the AIIB

    For decades, multilateral development banks have served the important task of lending billions of dollars a year to support economic and social development.

    They can be vital sources of funding for poverty reduction, inclusive economic growth and sustainable development, with a newer emphasis on climate change. These international lenders have also been remarkably durable in today’s climate of fragmentation and crisis, with member nations actively considering ways of further strengthening them.

    At the same time, MDBs perennially face criticism from civil society organizations who highlight areas of weak performance and are concerned about potential downsides of the major MDBs’ greater emphasis on working more closely with the private sector. MDB expert Chris Humphrey has also noted that major “MDBs were built around a set of geopolitical and economic power relationships that are coming apart before our eyes.”

    When Chinese President Xi Jinping in 2013 proposed creating the AIIB to lend for infrastructure development in Asia, there was a lot of suspicion among major nations about China’s intentions.

    The Obama administration responded to the move by urging other countries not to join. Its concern was that China would use lending to gain further influence in the region, but without adhering to strong environmental and social standards.

    Nonetheless, all the other major nonborrowing nations, with the exception of Japan, joined the new bank. Today, the AIIB is the second-largest multilateral development bank in terms of member countries, behind only the World Bank. It currently has 110 member nations, which translates to over 80% of the global population. With US$100 billion in capital, it is one of the medium-sized multilateral lenders.

    From the get-go, the AIIB was designed to be cooperative. Jin Liqun, who became the bank’s first president, is a longtime multilateralist with a long career at China’s finance ministry and past positions on the boards of the World Bank and the Global Environmental Facility, as well as a vice presidency of the Asian Development Bank.

    The international group of experts that helped design the AIIB also included former executive directors and staff from the IMF and other development banks, as well as two Americans with long careers at the World Bank who played leading roles in designing the bank’s articles of agreement and its environmental and social framework.

    How the AIIB took its cue from others

    The bank fits into the landscape of other multilateral development banks in a variety of ways. The AIIB’s charter is directly modeled on the Asian Development Bank’s foundation, and built into the AIIB’s charter is the bank’s mission of promoting “regional cooperation and partnership in addressing development challenges.”

    The AIIB shares similar norms and policies with other major multilateral development banks, including its environmental and social standards.

    Alongside borrowing foundational principles, the AIIB also works in close conjunction with its peers. The World Bank initially ran the AIIB’s treasury operations. The AIIB has also co-financed a high percentage of its projects with other multilateral development banks, particularly in its first years.

    In a recent sign of cooperation, in 2023, a deal between the AIIB and World Bank’s International Bank for Reconstruction and Development (IBRD) saw the AIIB issue up to $1 billion in guarantees against IBRD sovereign-backed loans. This increased the IBRD’s ability to lend more money, while diversifying the AIIB’s loan portfolio.

    As of Feb. 6, 2025, the AIIB has 306 approved projects totaling $59 billion. Energy and transportation are its two largest sectors of lending. Recently approved projects include loans to support wind power plants in Uzbekistan and Kazakhstan, and a solar plant in India. India, which has a bumpy relationship with China, is one of the bank’s largest borrowers, along with Turkey and Indonesia.

    Cooperating and competing with China

    From its birth until recently, the multilateral AIIB has repeatedly distinguished itself from China’s bilateral initiatives. Chief among those is China’s Belt and Road Initiative, an umbrella term for infrastructure lending by Chinese institutions that has been criticized for lacking transparency and accountability.

    Indeed, some Belt and Road Initiative-linked projects have faced concerns about corruption, costs and the opacity of the loan agreements.

    In the past several years, the AIIB has made more mention of synergy with Belt and Road lenders, and the bank now hosts the secretariat of a facility, the Multilateral Cooperation Center for Development Finance, that offers grants and support to developing countries seeking to finance infrastructure in countries where Belt and Road lending takes place. This may blur the line between the AIIB and lending under the Belt and Road umbrella, but it does not appear to weaken the bank’s standards.

    Concerns about the level of Chinese government influence at the AIIB are not new. Canada froze its ties with the bank in June 2023, pending a review of allegations by a Canadian staff member, who dramatically quit after accusing the bank of being dominated by members of China’s Communist Party.

    No other member nations expressed such concern, and Canada has not yet published any review. A group of AIIB executive directors oversaw an internal review that found no evidence to support the allegations.

    As the new U.S. administration formulates its policies toward China, it would do well to take into account the variation in China’s strategies in global economic governance, as a recognition of areas of cooperation, competition and conflict requires more nuanced responses. In many areas, the U.S. will both cooperate and compete with China.

    Paradoxically, any moves by the Trump administration to pull back from multilateral organizations may leave the AIIB, whether or not it is an anomaly, in a position to offer a better model of cooperation than leading multilateral development banks with a powerful U.S. role.

    Tamar Gutner does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. If US attempts World Bank retreat, the China-led AIIB could be poised to step in – and provide a model of global cooperation – https://theconversation.com/if-us-attempts-world-bank-retreat-the-china-led-aiib-could-be-poised-to-step-in-and-provide-a-model-of-global-cooperation-244595

    MIL OSI – Global Reports

  • MIL-OSI: Primech AI Joins The GEAR Community Access Programme to Accelerate Innovation in Robotics and Built Environment Technologies

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 25, 2025 (GLOBE NEWSWIRE) — Primech AI Pte. Ltd. (“Primech AI” or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced its acceptance into The GEAR Community Access Programme, hosted at The Kajima Lab for Global Engineering, Architecture & Real Estate.

    (The GEAR, Kajima’s state-of-the-art global hub in Singapore)

    The GEAR, Kajima’s state-of-the-art global hub in Singapore, serves as a centerpiece for innovation in the built environment sector, focusing on accelerating digitalization and technological advancement. This program gives Primech AI access to The GEAR’s cutting-edge facilities and a vibrant ecosystem of industry leaders and innovators.

    “Joining The GEAR Community Access Programme represents a significant opportunity for Primech AI to collaborate with industry leaders and further enhance our robotics solutions,” said Charles Ng, Chief Operating Officer of Primech AI. “This partnership aligns perfectly with our mission to revolutionize the cleaning industry through technological innovation, particularly through our HYTRON autonomous cleaning robots.”

    The partnership provides Primech AI with:

    • Access to The GEAR’s advanced facilities and innovation hub
    • Opportunities for collaboration with Kajima’s business units and ecosystem partners
    • A platform for showcasing and demonstrating its autonomous cleaning solutions
    • Participation in industry events and networking opportunities

    Primech AI’s flagship product, the HYTRON autonomous toilet cleaning robot, has already demonstrated success through its deployment at Temasek Polytechnic. The Company’s participation in The GEAR Community Access Programme is expected to accelerate the development and adoption of its innovative cleaning solutions across Singapore’s built environment sector.

    About The GEAR
    The Kajima Lab for Global Engineering, Architecture & Real Estate (The GEAR) is Kajima’s global innovation hub in Singapore, dedicated to accelerating the digitalization of the built environment sector. The facility serves as a collaborative space for industry partners, fostering innovation and technological advancement in construction and real estate development.

    About Primech Holdings Limited
    Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.   

    About Primech AI
    Primech AI is a leading robotics company dedicated to pushing the boundaries of innovation in technology. With a team of passionate individuals and a commitment to collaboration, Primech AI is poised to revolutionize the robotics industry with groundbreaking solutions that make a meaningful impact on society. For more information, visit www.primech.ai.

    Forward-Looking Statements
    Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    Company Contact:
    Email: ir@primech.com.sg

    Investor Relations Contact:
    Matthew Abenante, IRC
    President
    Strategic Investor Relations, LLC
    Tel: 347-947-2093
    Email: matthew@strategic-ir.com

    The MIL Network

  • MIL-OSI Economics: Secretary-General of ASEAN delivers remarks at the Opening Session of the Second ASEAN Future Forum

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today attended the Opening Session of the Second ASEAN Future Forum (AFF), held in Hanoi, Viet Nam. In line with the theme of this year’s forum, “Building a United, Inclusive and Resilient ASEAN amidst Global Transformation,” Dr. Kao underscored ASEAN’s enduring commitment to cooperation and collaboration, and dialogue and diplomacy. He reflected that ASEAN’s upholding of the principles of transparency, openness, inclusiveness and convergence-building remain essential in navigating an increasingly fragmented multipolar world. While acknowledging this year as the 30th anniversary of Viet Nam’s membership in ASEAN, Dr. Kao also underlined the Forum as a key contribution of Viet Nam to strengthening ASEAN Community-building. He expressed hope that the Forum will continue to be held annually and grow into a leading ASEAN-centred and future-oriented mechanism in the region.

    Download the full remarks here.

    The post Secretary-General of ASEAN delivers remarks at the Opening Session of the Second ASEAN Future Forum appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Australia: What is a pop-up SMS scam?

    Source: National Australia Bank

    Ever had a SMS message pop up on your phone screen then can’t find it in your messages? It may be a fake SMS pop-up scam, a new scam trend targeting Australians.

    What is a pop-up SMS scam and how do they work?

    Officially known as a ‘flash’ or ‘class 0 SMS’, a pop-up SMS scam is a text message that appears directly on a phone screen, even if locked.

    The phone can’t be used until the message is dismissed or saved.

    The message does not automatically save in a phone’s SMS inbox, making these scams harder to report and a powerful tool for criminals.

    What are criminals doing with these pop up SMSes?

    Pop-up SMSes are often used legitimately by governments overseas to share urgent messages, such as safety warnings for fires, floods or natural disasters.

    NAB Head of Security Culture and Advisory Laura Hartley said this style of pop-up SMS was now being hijacked by criminals to rip people off.

    “These transnational, organised criminals are the same groups linked to drug and arms trafficking,” she said.

    “The current bank impersonation scam trend is focused on trying to people to ‘call’ NAB and that’s what we see in these messages customers have had reported to us. A few years ago, text messages were much more focused on trying to get people to click a link.”

    How do you recognise a pop-up SMS scam?

    There are common underlying red flags that appear in pop-up SMSes from criminals.

    • Urgency to act about a problem like your NAB ID being used overseas or a suspicious transaction
    • A reference number in a text message
    • Being asked to handover account log ins, PIN codes or to make payments.
    Australians are being warned about a new scam trend involving fake pop-up SMSes that impersonates NAB and temporarily disables their phone.

    How can pop-up SMS scams be stopped?

    Ms Hartley, a criminologist, said it is vital Australians know how to recognise the red flags of these scams.

    “Once funds are sent it’s often very hard to recover money, despite our best efforts. Criminals quickly send it to overseas accounts or to cryptocurrency platforms knowing it makes it harder to retrieve,” Ms Hartley said.

    “You can turn off pop-up SMSes on some mobile phones. However, it’s best to exercise some caution here given these messages are fn used overseas for emergency warnings about natural disasters.”

    Other tips to protect yourself from pop-up SMS scams include:

    • Slow down and ask yourself, ‘Could this be a scam?’
    • Show the message to a trusted family member, friend or colleague for a second opinion
    • Visit the website of organisation being impersonated to see if they’ve warned about the scam

    What should I do if I receive a pop-up text message from ‘NAB’?

    Ms Hartley encouraged customers and the community to report pop-up SMS claiming to be from NAB to phish@nab.com.au.

    “You can also report it to your telco provider,” she said.

    Will NAB ever send customers a pop-up SMS message?

    NAB does not contact customers using pop-up SMS messages.

    “If you aren’t sure if it is legitimately NAB contacting you, call the bank using details you have found yourself via our website or on the back of your card,” Ms Hartley said.

    “Contact your bank immediately if you think you’ve been scammed.”

    Customers, banking & finance

    SEE ALL TOPICS

    Media Enquiries

    For all media enquiries, please contact the NAB Media Line on 03 7035 5015

    MIL OSI News

  • MIL-OSI Australia: NAB warns of pop-up SMS scam targeting Australians

    Source: National Australia Bank

    • Pop-up SMS scam impersonating NAB the latest tactic criminals using to try to rip people off
    • NAB does not use pop-up SMSes to contact customers
    • Reports of, and losses from, NAB-branded impersonation scams down in past year

    Australians are being warned about a new scam trend involving fake pop-up SMSes that impersonates NAB and temporarily disables their phone.

    Appearing on a locked phone screen, the pop-up message urges the person to ‘call ‘NAB’ because their NAB ID has been used overseas.

    The person cannot use their phone until they dismiss the message or save it. The message does not automatically save in a phone’s SMS inbox, making them harder to report and a powerful tool for criminals.

    Read more about pop-up SMS scams in this NAB News explainer.

    An example of a pop-up SMS scam impersonating NAB

    NAB Head of Security Advisory Laura Hartley said NAB did not contact customers using pop-up SMSes.

    “Pop-up SMSes – legitimately used by governments overseas to share emergency warnings – are being hijacked by criminals to rip Australians off,” Ms Hartley said.

    “The current bank impersonation scam trend is focused on trying to get people to ‘call’ NAB through a fake pop-up SMS. A few years ago, text messages were much more focused on trying to get people to click a link.”

    Ms Hartley, a criminologist, said pop-up SMS scams reinforced the need for a coordinated, national approach to the scam epidemic to block malicious traffic.

    “It’s vital to know how to recognise the red flags of this emerging approach. The most common is a sense of urgency and a number to call, so you act quickly about a problem,” she said.

    “The criminals’ goal is to reel you in and then phish you into handing over account log ins, PIN codes or to make payments.

    “If you aren’t sure if it is legitimately NAB contacting you, call the bank using details you have found yourself via the website or on the back of your bank card.”

    The warning comes following NAB’s efforts to tackle impersonation scams, which show losses have reduced by 65% between 2023 and 2024. Reports of bank impersonation scams also decreased by 45% in the same period.

    “Two key NAB initiatives have contributed to these decreases,” Ms Hartley said.

    We worked with telcos to make it harder for criminals to infiltrate bank phone numbers and text message threads and we no longer use links in unexpected customer text messages to make it easier to recognise scam red flags.

    Combined with people becoming more aware of red flags, criminals have been forced to change their approach and come up with new tactics like these pop-up SMSes.

    “But there is no silver bullet. We can, and will, do more.”

    ENDS 

    Notes to editors

    Customers, banking & finance

    SEE ALL TOPICS

    Media Enquiries

    For all media enquiries, please contact the NAB Media Line on 03 7035 5015

    MIL OSI News

  • MIL-OSI Asia-Pac: Tsing Yi logistics site sold

    Source: Hong Kong Information Services

    The tender for a logistics site at the junction of Tsing Hung Road and Tsing Yi Road in Tsing Yi has been awarded on a 50-year land grant at a premium of $3.68 billion, the Lands Department announced today.

    Tsing Yi Town Lot No. 202 was awarded to Titanium 2 (HKSAR) Limited, a subsidiary of Mapletree Investments Pte Ltd.

    It has a site area of about 44,318 sq m and is designated for logistics services and public vehicle park purposes. The site’s maximum gross floor area is 227,836 sq m for developing multi-storey modern logistics facilities and a public vehicle park, thereby achieving multiple uses on one site.

    The Action Plan on Modern Logistics Development promulgated in 2023 is committed to providing a stable supply of quality logistics sites by releasing four such sites near the Kwai Tsing Container Terminals to address the industry’s need for modern, high-end, multi-storey logistics facilities primed for high value-added logistics operations with synergy with our port.

    The Transport & Logistics Bureau said the positive market response to this land lot, which is the first of these sites, clearly reflects the trade’s continual confidence in Hong Kong’s role as an international logistics hub.

    The Government will release the remaining three logistics sites in a timely manner, taking into consideration the market situation, the bureau added.

    MIL OSI Asia Pacific News

  • MIL-Evening Report: Barred European Union politician brands Israel as ‘a rogue state’

    Israel has now banned another European Union parliamentarian from entering the country, reports Al Jazeera.

    The government gave no reasons why Lynn Boylan, who chairs the European Parliament EU-Palestine delegation, was denied entry.

    “This utter contempt from Israel is the result of the international community failing to hold them to account,” Boylan, an Irish MP in Brussels, said in a statement.

    “Israel is a rogue state, and this disgraceful move shows the level of utter disregard that they have for international law.

    “Europe must now hold Israel to account.”

    Boylan said she had planned to meet with Palestinian Authority officials, representatives of civil society organisations, and people living under Israeli occupation.

    She is a member of the Sinn Fein party in Ireland, which has been among the most vocal countries in criticising the Israeli government over its treatment of Palestinians.

    France’s Hassan also refused
    Earlier, EU lawmaker Rima Hassan was also refused entry at Ben-Gurion airport and ordered to return to Europe.

    “Hassan, who is expected to land from Brussels in the coming hour, consistently works to promote boycotts against Israel in addition to numerous public statements both on social media and in media interviews,” said Israeli Interior Minister Moshe Arbel’s office.

    Hassan is a French national of Palestinian origin known for her support of the Palestinian cause and for speaking out against Israel’s war on Gaza.

    Kaja Kallas, the EU foreign policy chief, outlined a range of worries about the situation in war-battered Gaza and the occupied West Bank.

    “We have constantly called on all parties, including Israel, to respect international humanitarian law,” she said, adding that Europe “cannot hide our concern when it comes to the West Bank”.

    ICC raps Merz over warrants
    Meanwhile, the International Criminal Court (ICC) has declared that states cannot unilaterally “determine soundness” of its rulings

    Earlier, it was reported that Germany’s election winner Friedrich Merz was saying he planned to invite Israeli Prime Minister Benjamin Netanyahu to visit the country — despite an ICC war crimes warrant issued for his arrest, which Merz claimed did not apply.

    The ICC responded by saying states had a legal obligation to enforce its decisions, and any concerns they may have should be addressed with the court in a timely and efficient manner.

    “It is not for states to unilaterally determine the soundness of the court’s legal decisions,” said the ICC in a statement.

    Israel rejects the jurisdiction of the court and denies war crimes were committed during its devastating war on Gaza.

    Germans feel a special responsibility towards Israel because of the legacy of the Holocaust, and Merz has made clear he is a strong ally. But Germany also has a strong tradition of support for international justice for war crimes.

    Amnesty slams ‘shameful silence’
    Amnesty International and 162 other civil society organisations and trade unions have signed a joint letter calling on the EU to ban trade and business with Israel’s settlements in occupied Palestinian territory.

    “Despite EU consensus about the settlements’ illegality and their link to serious abuses, the EU continues to trade and allow business with them,” the letter said.

    This contributes to “the serious and systemic human rights and other international law abuses underpinning the settlement enterprise”, it added.

    The International Court of Justice (ICJ) in July issued a landmark advisory opinion affirming that states must not recognise, aid or assist the unlawful situation arising from Israel’s occupation of Palestinian territory.

    Article by AsiaPacificReport.nz

    MIL OSI AnalysisEveningReport.nz