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Category: Asia Pacific

  • MIL-OSI Asia-Pac: Union Minister Sarbananda Sonowal dedicates IWT terminal at Jogighopa to nation

    Source: Government of India

    Union Minister Sarbananda Sonowal dedicates IWT terminal at Jogighopa to nation

    Rejuvenated Inland Waterways to propel India’s logistics growth, to advance PM Narendra Modi’s vision of ‘Viksit Bharat’: Sarbananda Sonowal  

    Sarbananda Sonowal flags off MV Padma Navigation II with 110 Metric Tonnes of cargo from Jogighopa to Bangladesh

    “New Terminal at Jogighopa is a game changer for Logistics sector of Eastern India — to boost trilateral trade between India, Bhutan & Bangladesh”: Sarbananda Sonowal

    Terminal at Jogighopa is built at a cost of more than ₹82 crores, equipped with RCC Jetty with Electric Level Luffing Crane for Cargo handling

    His Excellency, Lyonpo Namgyal Dorji, Minister of Industries, Commerce & Employment, Royal Govt of Bhutan attended the inaugural ceremony

    Posted On: 18 FEB 2025 5:30PM by PIB Delhi

    The Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal inaugurated the Inland Waterways Terminal (IWT) at Jogighopa as he dedicated it to the people of the nation today. Marking the occasion, a ship with two barges was flagged off MV Trishul, along with Barges Ajay & Dikshu, by the Union Minister with 110 metric tonnes of coal along with stone chips to Bangladesh. The foundation stone for the Terminal was laid by the Prime Minister Shri Narendra Modi in February, 2021.

    The terminal holds strategic importance as it is located at a distance of 91 km from Gelephu in Bhutan, 108 km from Bangladesh border and 147 km from Guwahati. This makes it crucial for India’s bilateral trade ties with Bangladesh and Bhutan. The Jogighopa terminal is also one of the declared Ports of call under PIWT&T between India and Bangladesh. By the year 2027, this terminal is expected to handle a cargo of 1.1 million tonnes per annum. The MV Padma Navigation II ship along with Barges Ajay and Dikshu are carrying 110 Metric Tonnes of coal, while MV Trishul is carrying stone chips to Bangladesh. 

    Speaking on the occasion, the Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal, said, “Today marks a historic day for the waterways transportation sector in the country as we dedicate the IWT Terminal at Jogighopa to the people and to the nation. Under the dynamic leadership of Prime Minister Shri Narendra Modi ji, the waterways transportation has been undergoing a tremendous transformation propelling India’s logistics growth, propelling us towards Modi ji’s vision of ‘Viksit Bharat’. The IWT terminal at Jogighopa is set to transform the connectivity in the region and bolster our trilateral trade with Bhutan and Bangladesh. Its strategic position allows it to play the role of an economic multiplier for the region, a testament to PM Narendra Modi’s doctrine of ‘Neighbourhood First.’”

    Through strategic regional projects and agreements with neighbouring countries such as Bangladesh, Nepal, Bhutan, Myanmar and others, India is diligently establishing itself as a pivotal waterway gateway for the facilitation of enhanced regional trade and seamless transport connectivity thus contributing to the overall development and integration of South Asia, while ensuring the sustainability and vitality of the region’s economic landscape.

    Built at a cost of more than ₹82 crores, the Jogighopa terminal has an RCC jetty with an RCC approach designed for Electric Level Luffing (ELL) crane for cargo handling. The terminal also has infrastructural facilities such as administrative building, customs office building, immigration office, truck parking area, 1100 sqm covered storage area with power back up, and 11,000 sqm open storage.

    Highlighting the role of inland waterways, Shri Sarbananda Sonowal said, “The development of inland waterways holds great promise for transforming the logistics sector in India. By leveraging our extensive network of rivers and water bodies, we can create a sustainable, cost-effective, and efficient mode of transportation for goods. Under the dynamic leadership of Prime Minister Shri Narendra Modi ji, the government has brought in many path breaking legislations like National Waterways Act, 2016, Inland Vessels Act, 2021 and others have been promulgated to empower and enable the ecosystem of inland waterways transportation for both cargo and passenger traffic.”

    The event was attended by His Excellency Lyonpo Namgyal Dorji, Minister of Industries, Commerce & Employment, Royal Govt of Bhutan; Ranjeet Kumar Dass, Minister of Panchayat & Rural Development, Govt of Assam; Bimal Borah, Minister of Industries & Commerce, Enterprises, Govt of Assam; Jogen Mohan, Minister of Transport, Govt of Assam; Phani Bhushan Choudhury, MP (Barpeta); Rakibul Hussain, MP (Dhubri); Pradip Sarkar, MLA (Abhyapuri South); Vijay Kumar, IAS, Chairman, IWAI among other dignitaries.

    In the Northeast, projects such as Comprehensive Development of NW-2, Ship repair facility at Pandu, Bogibeel Terminal development, last mile connectivity to Pandu are some of the projects which are currently in different stages of development. With huge investments are envisaged for development of North-Eastern waterways, it stands as a resounding testament to the critical role of these waterways in propelling economic growth and prosperity. Operationalisation of the new IWT Terminal at Jogighopa will be a step in that direction.

    Speaking on the role of IWT Jogighopa in Assam’s as well as the as the Northeast India’s economic development, Shri Sonowal said, “Under the dynamic leadership of Prime Minister Shri Narendra Modi ji, the Northeast has transformed into a growth multiplier with Assam spearheading this transformation. As we cruise towards realising the vision of Viksit Bharat, the immense potential of the Northeast has a major role to play. With our rich and complex inter web of riverine system with the Brahmaputra (National Waterways 2) playing a crucial role, the government has been developing infrastructure as well as curating an ecosystem to support the development of Inland Waterways transportation in the region. We are confident that the Inland Waterways as part of PM Gati Shakti National Master Plan will enable the economic and trade elements of our economy towards becoming an Atmanirbhar Bharat by 2047.” 

    The IWT sector has experienced an unprecedented surge in terms of trade and transport in the past decade. There has been a 767% increase in number of operational national waterways, 727% increase in volume of cargo handled on NWs, a phenomenal rise of 62% in multimodal terminals with an 860% increase in budget allocation for Inland Waterways. Cargo traffic on national waterways has witnessed an exponential growth in the last ten years – from 18 million tonnes a decade ago to 133 million tonnes in FY 2023-24 at a CAGR of over 22%.

    Inland Waterways also holds significance for the tourism sector. The historic journey of MV Ganga Vilas explained the potential of cruise tourism being the ‘World’s Longest River Cruise’ and travelling through 27 different river systems, 5 states and two countries. Substantial growth has been made in last one decade in river cruise tourism sector. The number of river cruise vessels has increased from 3 in 2013-14 to 25 in 2023-24.

    The average annual spending in the IWT Sector increased from a meagre Rs 58 Cr per year for 28 years from 1986 till 2014, to Rs 648 Cr per year during the last 11 years from 2014 till December 2024.

    A World class river cruise terminal is being developed in Guwahati as a one stop solution for passengers on their voyage along the rivers. In addition, development of 4 dedicated river cruise terminals at Silghat, Bishwanath ghat, Neamati and Guijan are being developed with adequate offshore facilities and modern amenities.

    The Narendra Modi government has also launched the ‘Cruise Bharat Mission’ to boost cruise tourism in India over the next five years, aiming to establish 10 sea cruise terminals, 100 river cruise terminals, and five marinas. The mission seeks to double cruise calls and passengers, strengthen regional alliances, and significantly increase sea and river cruise travellers by 2029, enhancing tourism and connectivity across the country. The govt has also brought in major legislative reforms such as the enactment of National Waterways Act 2016 declaring 111 national waterways and Inland Vessels Act 2021 with an aim to streamline the safe and smooth movement of the vessels across the country.

    IWAI has envisaged to strengthen urban water transport system to develop water metro projects across 18 cities in 12 states — including one in Guwahati — to replicate Kochi Water Metro model, announced Sarbananda Sonowal.

    About IWT Jogighopa:

    The foundation stone for the Inland Waterways Terminal at Jogighopa was laid by the Prime Minister Narendra Modi on 18 February, 2025. IWAI, Ministry of PSW has entrusted NHIDCL for construction of the terminal. Total cost of the project is Rs. 82.03 Crores. Spread over an area of 15 acres, the terminal is connected to MMLP at Jogighopa with 4 lane road and adjacent to NH17. The terminal is important considering the MoU signed between India & Bangladesh for developing economic corridor under Bharat Mala Program with DALU-TURA-GOALPARA-GELEPHU Multimodal trade route. Jogighopa is one of the important Port of Calls along Indo-Bangladesh Protocol route (IBPR) for trade and Transit.

    The terminal is important for trade with Bangladesh and Bhutan. The distance of Jogighopa terminal is just 91km from Gelephu Bhutan (Gelephu Mindfulness City) where a modern city is under development by Royal Govt of Bhutan. The terminal is at a distance of 108km from B’Border and 147km from Guwahati by IWT. The terminal is connected to Bangladesh, Barak valley of NE as well as other part of India through IBP route connecting at Kolkata/Haldia. Among the main features of the terminal, the size of the RCC jetty is 100mx21m with a RCC approach (136mx8m). The project also consists of Admin building (G+2), Customs building, Immigration building, Transit (Covered storage) of 60m x18m size, Open storage (6280 sqm & 3700 sqm), Security with provision for 24×7 electricity with 412 KVA connection, secured boundary wall, adequate truck parking facility of 1500 sqm, canteen and rest room facility. The initial Capacity of the terminal is 1.1 MTPA. Primary commodities expected to be handled from this terminal includes food grain, fertilizers, tar coal/bitumen, POL & crude oil, edible oil, fly ash, imported coal, stone chips, etc. A railway BG siding is also proposed to be established connecting Jogighopa terminal with MMLP Jogighopa.

    ***

    G.D. Hallikeri / Henry

    (Release ID: 2104393) Visitor Counter : 46

    MIL OSI Asia Pacific News –

    February 19, 2025
  • MIL-OSI Asia-Pac: Union Minister of Women and Child Development Smt. Annpurna Devi visits Assam’s Mancotta Anganwadi Centre in Dibrugarh

    Source: Government of India

    Posted On: 18 FEB 2025 5:27PM by PIB Delhi

    Union Minister of Women and Child Development Smt. Annpurna Devi visited Assam’s Mancotta Anganwadi Centre in Dibrugarh.

    In a ‘X’ Post, the Minister said that she had the opportunity to interact with the Anganwadi Workers (AWWs) and  children at  the Mancotta Anganwadi Center in Dibrugarh Village.

    Visited the Mancotta Anganwadi Center in Dibrugarh Village today, where I had the opportunity to interact with the Anganwadi Workers (AWWs) and the delightful children. (1/2) … pic.twitter.com/iVUoOo2bFN

    — Annapurna Devi (@Annapurna4BJP) February 17, 2025

    In another ‘X’ post the Minister said that she engaged in meaningful discussions about the implementation of Mission POSHAN 2.0 and the Supplementary Nutrition Programme (SNP) activities in the state.

    … (2/2)

    Engaged in meaningful discussions about the implementation of Mission POSHAN 2.0 and the Supplementary Nutrition Programme (SNP) activities in the state. pic.twitter.com/yzGa21MAQn

    — Annapurna Devi (@Annapurna4BJP) February 17, 2025

    ****    

    SS/MS

    (Release ID: 2104391) Visitor Counter : 50

    MIL OSI Asia Pacific News –

    February 19, 2025
  • MIL-OSI Asia-Pac: Consolidated Financial Performance data of BSNL

    Source: Government of India

    Posted On: 18 FEB 2025 5:24PM by PIB Delhi

    Overview:

    The improvement in financial performance of BSNL is a reflection of the sustained management and Government efforts by way of improving it’s top line by increased business growth in its verticals and managing it’s bottom line costs in an efficient manner in line with accounting standards.

    This is a sustained trend across all recent quarters and is to be understood through a business lens and not an accounting one. The data below provides the growth story of BSNL across three quarters from a business perspective. We are confident that the growth trajectory will continue to grow in the next quarter and in times to come by serving our customers through affordable and quality telecom connectivity.

    Revenue from Operations:

    • Quarter Ended 31.12.2024: Revenue stood at ₹4,969 crore, showing an increase compared to ₹ 4546 crore in the same quarter of the previous year (31.12.2023).

    The Revenue from new areas of operation in Mobility, FTTH, and Leased Lines has increased by 15%, 18%, and 14% respectively over Q3 of the previous year. This is a real growth in business.

    – 9 Months Ended 31.12.2024:  Revenue reached ₹14,197 crore, up from ₹12,905 crore in the corresponding period of the previous year (31.12.2023).

    In the last quarter of 2024-25, the same trend will continue.

    Other Income:

    • For the 9 months ended 31.12.2024, the other income was ₹1,406 crore, slightly lower than ₹1,528 crore in the same period of the previous year (31.12.2023).
    • Quarter Ended 31.12.2024: Other Income stood at ₹706 crore, showing an increase compared to ₹511 crore in the same quarter of the previous year (31.12.2023).

    Total Income:

    – Total income for the quarter ended 31.12.2024 was ₹5,675 crore, compared to ₹5057 crore in the same quarter of the previous year (31.12.2023).

    – For the 9 months ended 31.12.2024, total income was ₹15,603 crore, up from ₹14,433 crore in the previous year 9 Months period (31.12.2023).

    The costs have reduced to ensure the profitability.

    Expenditure:

    – Network Operating Expense: Decreased to ₹1,336 crore in the quarter ended 31.12.2024 from ₹ 1397   crore in the same quarter of the previous year (31.12.2023).

    – Employee Benefits Expense: Reduced to ₹1,735 crore in the quarter ended 31.12.2024 from ₹ 2011 crore in the previous year.  (31.12.2023).

    • Total Expenditure (excluding Dep/Fin Cost) For the quarter ended 31.12.2024, total expenditure was ₹4210 crore, lower than ₹4741 crore in the same quarter of the previous year (31.12.2023).

    – Finance Costs: Some decrease in finance costs at ₹389 crore for the quarter ended 31.12.2024.(when compared to ₹442 in QE 31.12.2023)

    • Depreciation & Amortisation Costs(DAC): For the quarter ended 31.12.2024, total DAC was ₹814 crore, lower than ₹1443 crore in the same quarter of the previous year (31.12.2023). We have accelerated the 4G rollout and fiber-optic infrastructure upgrades, ensuring better connectivity and service quality. BSNL is making significant investments in 4G/5G equipment and spectrum to provide high-quality services to its customers. To align with these new investment requirements and the evolving market scenario, appropriate accounting procedures have been adopted; while the depreciation was also lower this quarter.

    EBITDA:

    – EBITDA for the quarter ended 31.12.2024 improved to ₹1,466 crore from ₹316 crore in the same quarter of the previous year (31.12.2023)

    – For the 9 months ended 31.12.2024, EBITDA was ₹2,369 crore, up from ₹893 crore in the previous year (31.12.2023).

    The bottom line performance reflects the growth in top line and reduction in costs sustainably.

    Profit/(Loss):

    – The company reported a profit before tax of ₹262 crore for the quarter ended 31.12.2024, a significant improvement from a loss of ₹1569 crore in the same quarter of the previous year  (31.12.2023)

    – For the 9 months ended 31.12.2024, the loss before tax reduced to ₹2,527 crore from ₹4,522 crore in the previous year.

    In addition, 20 Circles have turned EBITDA positive this Q3 2024; when compared to 12 Circles last December Quarter.

    In summary, BSNL, has shown resilience with increased revenue and improved EBITDA margins. Strategic cost management and operational efficiencies have significantly improved the bottom line. BSNL has been actively optimizing operational costs and has successfully reduced finance costs and overall expenditure.

    BSNL’s accounting policies are in line with CPSE standards, and the results indicate revenue growth from new initiatives within the company. We have successfully reversed the trend of financial deterioration, and the last three quarters have shown continuous improvement in our financial performance, leading to a sharp reduction in net loss.

    While we continue our efforts to increase revenues, optimize costs, and strengthen financial controls, which are crucial for BSNL’s long-term sustainability, we have successfully reduced the net loss from ₹4,522 crore to ₹2,527 crore for the nine-month period ending 31.12.2024, compared to the same period ending 31.12.2023. This reflects our commitment to financial discipline and operational efficiency as we move forward on our growth trajectory.

    For the next quarter, our focus remains on:
Accelerating 4G/5G rollouts to enhance service quality and network reach.
 Expanding enterprise solutions to tap into new revenue streams.

    Monetizing digital assets to unlock value from BSNL’s infrastructure.

    Optimizing operational expenditures through strategic cost-saving measures.

    With these strategic initiatives and sustained financial discipline, we are confident that BSNL is on the path toward profitability in the ensuing years, reinforcing its position as a competitive and resilient telecom provider driving India’s digital transformation.

    ***

    Samrat/Allen

    (Release ID: 2104389) Visitor Counter : 60

    MIL OSI Asia Pacific News –

    February 19, 2025
  • MIL-OSI Asia-Pac: Union Minister Shri Kiren Rijiju attends Haj Walkathon 2025

    Source: Government of India (2)

    Union Minister Shri Kiren Rijiju attends Haj Walkathon 2025

    Event highlights importance of fitness for pilgrims preparing for sacred Haj journey

    Posted On: 18 FEB 2025 5:04PM by PIB Delhi

    The Union Minister for Minority Affairs and Parliamentary Affairs Shri Kiren Rijiju attended the Haj Walkathon 2025 as the Chief Guest at Nawab Mansur Ali Khan Pataudi Sports Complex, Jamia Millia Islamia University in New Delhi. The event was organized by Delhi State Haj Committee. The event highlighted the importance of fitness for pilgrims preparing for the sacred Haj journey.

     

     

    Shri Kiren Rijiju emphasized the need for well-being and physical readiness of pilgrims ahead of their spiritual journey. The Minister said that the Delhi Haj Committee Chairperson, Ms. Kausar Jahan and team are giving due importance to the fitness of the Haj Pilgrims as the heat condition in Makkah and Medinah is extremely high.

    Hon’ble Union Minister of Parliamentary Affairs & Minority Affairs Shri @KirenRijiju ji attended the Haj Walkathon 2025 as the Chief Guest at Nawab Mansur Ali Khan Pataudi Sports Complex, New Delhi.
    Organised by @DelhiStateHajC, the event highlighted the importance of fitness for… pic.twitter.com/ydVDmRcXkE

    — Office of Kiren Rijiju (@RijijuOffice) February 18, 2025

    Attended the Haj Walkathon 2025, organised by @DelhiStateHajC at Jamia Millia Islamia University. Delhi Haj Committee Chairperson @Kausarjahan213 & team are giving due importance to the fitness of the Haj Pilgrims as the heat condition in Makkah and Medinah is extremely high. pic.twitter.com/65ERFzV8ap

    — Kiren Rijiju (@KirenRijiju) February 18, 2025

    ***

    SS

    (Release ID: 2104379) Visitor Counter : 91

    MIL OSI Asia Pacific News –

    February 19, 2025
  • MIL-OSI Asia-Pac: Import of poultry meat and products from Cheshire West and Chester District of Cheshire County in UK suspended

    Source: Hong Kong Government special administrative region

    Import of poultry meat and products from Cheshire West and Chester District of Cheshire County in UK suspended
    Import of poultry meat and products from Cheshire West and Chester District of Cheshire County in UK suspended
    ******************************************************************************************

         The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department announced today (February 18) that in view of a notification from the World Organisation for Animal Health (WOAH) about an outbreak of highly pathogenic H5N1 avian influenza in the Cheshire West and Chester District of Cheshire County in the United Kingdom (UK), the CFS has instructed the trade to suspend the import of poultry meat and products (including poultry eggs) from the area with immediate effect to protect public health in Hong Kong.     A CFS spokesman said that according to the Census and Statistics Department, Hong Kong imported about 910 tonnes of chilled and frozen poultry meat, and about 1.34 million poultry eggs from the UK last year.     “The CFS has contacted the British authority over the issue and will closely monitor information issued by the WOAH and the relevant authorities on the avian influenza outbreak. Appropriate action will be taken in response to the development of the situation,” the spokesman said.

     
    Ends/Tuesday, February 18, 2025Issued at HKT 19:34

    NNNN

    MIL OSI Asia Pacific News –

    February 19, 2025
  • MIL-OSI Economics: WTO chairpersons for 2025

    Source: World Trade Organization

    General Council

    H.E. Mr. Saqer Abdullah Almoqbel (Kingdom of Saudi Arabia)

    Dispute Settlement Body

    H.E. Ms. Clare Kelly (New Zealand)

    Trade Policy Review Body

    H.E. Mr. Asset Irgaliyev (Kazakhstan)

    Council for Trade in Goods

    H.E. Mr. Gustavo Nerio Lunazzi (Argentina)

    Council for Trade in Services

    H.E. Mr. Ram Prasad Subedi (Nepal)

    Council for Trade-Related Aspects of Intellectual Property Rights (TRIPS)

    Mme. Emmanuelle Ivanov-Durand (France)

    Committee on Trade and Development

    H.E. Dr. Mzukisi Qobo (South Africa)

    Committee on Balance-of-Payments Restrictions

    H.E. Dr. José R. Sánchez-Fung             (Dominican Republic)

    Committee on Budget, Finance and Administration

    H.E. Mrs. Carmen Heidecke (Germany)

    Committee on Trade and Environment

    H.E. Mr. Erwin Bollinger (Switzerland)

    Committee on Regional Trade Agreements

    H.E. Mr. José Valencia (Ecuador)

    Working Group on Trade, Debt and Finance

    H.E. Mr. Suon Prasith (Cambodia)

    Working Group on Trade and Transfer of Technology

    H.E. Mr. Salomon Eheth (Cameroon)

    Council for Trade in Services in Special Session

    H.E. Dr. Adamu Mohammed Abdulhamid (Nigeria)

    MIL OSI Economics –

    February 19, 2025
  • MIL-OSI Economics: Arizona Department of Public Safety partners with Thales for enhanced security of license and identity credentials

    Source: Thales Group

    Headline: Arizona Department of Public Safety partners with Thales for enhanced security of license and identity credentials

    18 Feb 2025

    Share this article

    • This new contract covers over 300,000 cards annually, including Concealed Weapons Permits (CWP), Certificate of Firearms Proficiency (LEOSA), Fingerprint Clearance Cards (FCC), and various licensed Security Guard and Private Investigator ID cards (SG/PI).
    • Arizona Department of Public Safety (DPS) joins a growing number of jurisdictions in North America who have switched to Thales’ 100% polycarbonate cards – resulting in more sustainable and secure cards.
    • The new cards are already accessible for licensed citizens, law enforcement partners, and other parties using these license and identity credentials.

    The Arizona Department of Public Safety (DPS) has awarded Thales a contract, with potential to extend through 2029, for off-site printing of their special license and identity cards including Concealed Weapons Permits, Certificates of Firearms Proficiency, Fingerprint Clearance Cards, and various licensed Security Guard and Private Investigator cards.

    As part of this award, these ID cards are being upgraded with stronger security features and a redesigned appearance to ensure a high degree of security and trust in each credential. The new security elements include transitioning to 100% polycarbonate cards, for stronger security and the ability to leverage a large number of embedded, visible security features making it easier for first-line inspectors and law enforcement to quickly and clearly identify whether the credential is genuine or has been altered.

    New security features being added to these cards include a detailed laser engraved portrait photo for a clear photo easy to identify in rapid or low light situations, smooth color transitions within a secure background pattern, and a reflective embossed pattern across the card surface for kinetic movement effects. All security features are safely located within, and protected by, the polycarbonate card body and cannot be tampered with without damaging the card, thereby making the tampering attempt extremely evident.

    Arizona DPS joins over a dozen other Thales partner agencies in North America that have switched to cards made from 100% polycarbonate, for best-in-class identity credential documents. In addition to the highest-level of security available, polycarbonate also provides a highly durable card with higher resistance to fraud over the life of the credential.

    Thales is the fastest growing provider of license and identity solutions in the U.S., with a true partner-based approach with our agency and jurisdiction customers. Thales offers the strongest security features in the marketplace for identity credentials, as well as regularly introduces new card security features, to ensure our commitment to the fight against fraud.

    “These next generation identity cards provide Arizona citizens, businesses and state officials with stronger security for these credentials, allowing for quicker validation,” said Tyson Moler, Vice President for Thales Identity and Biometric Solutions in North America. “Thales is pleased to partner with the Arizona DPS, leveraging our key strengths and expertise in reliable and secure documents solutions.”

    Thales is a trusted provider of driver’s license and ID solutions in the U.S. Thales provides driver’s license and ID card solutions to the following 17 agencies and jurisdictions across North America: Alaska, Arizona MVD and DPS, Colorado, Georgia, Hawaii, Maryland, New Brunswick, New Hampshire, New York, Newfoundland and Labrador, Nova Scotia, Prince Edward Island, Quebec, Texas, Washington D.C., Wyoming.

    MIL OSI Economics –

    February 19, 2025
  • MIL-OSI: Arogo Capital Acquisition Corp. Executes Business Combination Agreement with Bangkok Tellink Co., Ltd.

    Source: GlobeNewswire (MIL-OSI)

    ~ The proposed transaction represents an equity value on a pro-forma basis of a total equity value of the combined company of USD350 million ~

    ~ Bangkok Tellink Co., Ltd. is an emerging leader in advanced telecommunications, mobile network technology, and Internet of Things (IoT) solutions ~

    ~ Leveraging its successful track record, Bangkok Tellink Co., Ltd. seeks enhanced access to U.S. capital markets to accelerate the rollout of its next-gen telecommunication technologies, foster broader geographic expansion, and provide increased financial flexibility to advance research and development efforts ~

    Miami, FL and Bangkok, Thailand, Feb. 18, 2025 (GLOBE NEWSWIRE) — Arogo Capital Acquisition Corp. (OTC: AOGO), a Delaware special purpose acquisition company (“Arogo”), and Bangkok Tellink Company Limited, a Thai registered company (“Bangkok Tellink”), today announced their execution of a definitive business combination agreement (the “Business Combination Agreement”) for a proposed business combination in a transaction valued at $350 million on February 14, 2025.

    The transaction contemplated in the Business Combination Agreement is expected to result in a newly combined company to be listed on The Nasdaq Global Market. Upon the closing of the transaction, Bangkok Tellink will continue to be led by its CEO, Mr. Nusttanakit Sasianon. The boards of directors of Bangkok Tellink and Arogo Capital Acquisition Corp. have unanimously approved the transaction

    Bangkok Tellink is a licensed Mobile Virtual Network Service Operator (“MVNO”) as well as a licensed Mobile Virtual Network Aggregator (“MVNA”) and offers mobile phone packages across multiple frequencies (e.g., 700MHz, 850MHz, 2100MHz, 2300MHz, and 26GHz) and, under its “INFINITE” brand, provides a range of services including Smart Solutions, IoT Sim Cards, eSIMs, SMPP (i.e., virtual SMS), SIP trunk (voice virtual number), and software development.  

    The eSIM market in Thailand is growing as it offers convenience for consumers and flexibility for businesses. eSIM technology allows users to switch mobile operators without changing physical SIM cards and is spearheading a transformative shift in connectivity, promoting Thailand’s progression towards a sophisticated digital economy. The exploding demand for eSims reflects Thailand’s commitment to expanding its telecommunications infrastructure and has positioned it as a leader in Southeast Asia.1

    Bangkok Tellink is uniquely positioned to facilitate the growth of Thailand’s digital economy that is driven by the need for enhanced economic competitiveness, improved public services, and sustainable growth. eSIM technology supports this transformation by simplifying connectivity for businesses and consumers alike, facilitating more efficient operations, and enhancing the accessibility of digital services across the country

    Nusttanakit Sasianon, CEO of Bangkok Tellink commented, “This is an exciting moment for Bangkok Tellink to expand our business, enhance our product and service offerings, and accelerate our growth. We are excited to continue to foster this business combination with the Arogo team to generate attractive value for our shareholders.”

    Suradech Taweesaengsakulthai, CEO of Arogo added, “We’re thrilled to partner with the Bangkok Tellink team to capitalize on their proven track record and support the expansion of their operations to meet the demand for its services including Smart Solutions, IoT Sim Cards, eSIMs, SMPP (i.e., virtual SMS), SIP trunk (voice virtual number), and software development. We have strong confidence in Bangkok Tellink’s management team and business model. We look forward to a successful closing of the business combination.” 

    The completion of the business combination is subject to regulatory approvals, the approval of the transaction by the shareholders of Arogo and Bangkok Tellink, and the satisfaction or waiver of other customary closing conditions.   Bangkok Tellink believes that its planned listing, in addition to creating a capital platform for its development and gaining the attention of investors in the international capital markets, will further promote Bangkok Tellink’s growth strategy.

    Additional information about the business combination, including a copy of the Business Combination Agreement, will be available in a Current Report on Form 8-K to be filed by Arogo with the Securities and Exchange Commission (the “SEC”), followed by a Registration Statement on Form F-4 to be filed by Pubco with the SEC.

    Advisors
    Rimon P.C. (Washington D.C.) serves as United States legal counsel to Arogo.

    Araya & Partners Co., Ltd. (Bangkok) serves as legal counsel to Bangkok Tellink Co., Ltd.  

    ARC Group Limited is acting as sole financial advisor to Arogo.

    About Bangkok Tellink Co., Ltd.
    Bangkok Tellink Co., Ltd, established in 2019, is at the forefront of Thailand’s telecommunications industry. By offering mobile network infrastructure, IoT devices, E-sim services, and software development, Bangkok Tellink provides integrated solutions that foster connectivity and productivity. Bangkok Tellink invests in innovation, operational efficiency, and sustainability to position itself as a prominent telecommunications and technology leader.

    About Arogo Capital Acquisition Corp.
    Arogo Capital Acquisition Corp. is a blank check company formed in 2021 for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. On December 29, 2021, Arogo consummated an initial public offering of its units that consisted of one share of Class A common stock and one redeemable warrant. Each whole warrant entitles the holder to purchase one share of Class A common stock at a price of $11.50 per share, subject to adjustment. For more information, visit www.arogocapital.com.

    Important Information and Where to Find It.

    For additional information on the proposed transaction, see Arogo’s Current Report on Form 8-K, which will be filed concurrently with this press release. In connection with the proposed transaction, Arogo intends to file relevant materials with the SEC, including a registration statement on Form F-4 by Pubco, which will include a proxy statement/prospectus, and other documents regarding the proposed transaction. Arogo’s shareholders and other interested persons are advised to read, when available, the preliminary proxy statement/ prospectus and the amendments thereto and the definitive proxy statement and documents incorporated by reference therein filed in connection with the proposed business combination, as these materials will contain important information about Bangkok Tellink and Arogo and the proposed business combination.

    Promptly after the Form F-4 is declared effective by the SEC, Arogo will mail the definitive proxy statement/prospectus and a proxy card to each shareholder entitled to vote at the meeting relating to the approval of the business combination and other proposals set forth in the proxy statement/prospectus. Before making any voting or investment decision, investors and shareholders of Arogo are urged to carefully read the entire registration statement and proxy statement/prospectus, when they become available, and any other relevant documents filed with the SEC, as well as any amendments or supplements to these documents, because they will contain important information about the proposed transaction. The documents filed by Arogo with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov, or by directing a request to Arogo Capital Acquisition Corp., 848 Brickell Avenue, Penthouse 5, Miami, FL 33131.

    Participants in the Solicitation

    Arogo and certain of its directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies from Arogo’s shareholders in connection with the proposed transaction. A list of the names of those directors and executive officers and a description of their interests in Arogo will be included in the proxy statement/prospectus for the proposed business combination when available at www.sec.gov.

    Information about Arogo’s directors and executive officers and their ownership of Arogo shares of common stock is set forth in Arogo’s final prospectus for its for its initial public offering filed with the SEC on December 28, 2021, as modified or supplemented by any Form 3 or Form 4 filed with the SEC since the date of such filing. Other information regarding the interests of the participants in the proxy solicitation will be included in the proxy statement/prospectus pertaining to the proposed business combination when it becomes available. These documents can be obtained free of charge from the source indicated above.

    Bangkok Tellink and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of Arogo in connection with the proposed business combination. A list of the names of such directors and executive officers and information regarding their interests in the proposed business combination will be included in the proxy statement/prospectus for the proposed business combination.

    Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be included in the proxy statement/prospectus to be filed with the SEC on Form F-4. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.

    Cautionary Statement Regarding Forward-Looking Statements

    Certain statements contained in this press release constitute “forward-looking statements” within the meaning of federal securities laws. Forward-looking statements may include, but are not limited to, statements with respect to (i) trends in the financial advisory industry, including changes in demand and supply related to Bangkok Tellink’s products; (ii) Bangkok Tellink’s growth prospects and Bangkok Tellink’s market size; (iii) Bangkok Tellink’s projected financial and operational performance including relative to its competitors; (iv) new product and service offerings Bangkok Tellink may introduce in the future; (v) the potential transaction, including the implied enterprise value, the expected post-closing ownership structure and the likelihood and ability of the parties to consummate the potential transaction successfully; (vi) the risk the proposed business combination may not be completed in a timely manner or at all, which may adversely affect the price of Arogo securities; (vii) the failure to satisfy the conditions to the consummation of the proposed business combination, including the approval of the proposed business combination by the shareholders of Arogo; (viii) the effect of the announcement or pendency of the proposed business combination on Arogo’s or Bangkok Tellink’s business relationships, performance and business generally; (ix) the outcome of any legal proceedings that may be instituted against Arogo or Bangkok Tellink related to the proposed business combination or any agreement related thereto; (x) the ability to maintain the listing of Arogo on OTC; (xi) the price of Arogo’s securities, including volatility resulting from changes in the competitive and regulated industry in which Bangkok Tellink operates, variations in performance across competitors, changes in laws and regulations affecting Bangkok Tellink’s business and changes in the combined capital structure; (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed business combination and identify and realize additional opportunities; and (xiii) other statements regarding Arogo’s or Bangkok Tellink’s expectations, hopes, beliefs, intentions and strategies regarding the future.

    In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “outlook,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject, are subject to risks and uncertainties.

    You should carefully consider the risks and uncertainties described in the “Risk Factors” section of Arogo’s final prospectus for its for its initial public offering filed with the SEC on December 28, 2021, as modified or supplemented by any Form 3 or Form 4 filed with the SEC since the date of such filing and the proxy statement/prospectus relating to this transaction, which is expected to be filed by Arogo with the SEC, other documents filed by Arogo from time to time with SEC, and any risk factors made available to you in connection with Arogo, Bangkok Tellink, and the transaction. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond the control of Bangkok Tellink and Arogo) and other assumptions, that may cause the actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Arogo and Bangkok Tellink caution that the foregoing list of factors is not exclusive.

    No Offer or Solicitation

    This press release relates to a proposed business combination between Arogo and Bangkok Tellink, and does not constitute a proxy statement or solicitation of a proxy and does not constitute an offer to sell or a solicitation of an offer to buy the securities of Arogo or Bangkok Tellink, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

    Contacts

    Arogo Capital Acquisition Corp.
    Attn: Ms. Nisachon Rattanamee
    Email: nisachon@arogocapital.com

    Bangkok Tellink Company Limited
    Attn: Daniel Fong
    Email: daniel@s1winconsultant.com

    Sources
    Arogo Capital Acquisition Corp and Bangkok Tellink Company Limited


    1eSIM Technology: Fueling Thailand’s Transition to a Digital Economy | Global YO

    The MIL Network –

    February 19, 2025
  • MIL-OSI United Nations: Experts of the Committee on Economic, Social and Cultural Rights Congratulate Rwanda on Number of New Jobs Created, Ask Questions on Women’s Political Representation and Recognising the Cultures of Rwanda’s Different Ethnic Groups

    Source: United Nations – Geneva

    The Committee on Economic, Social and Cultural Rights today concluded its review of the fifth periodic report of Rwanda, with Committee Experts commending the State on the number of new jobs created, while raising questions about women’s political representation and how Rwanda recognised the cultures of its different ethnic groups. 

    Preeti Saran, Committee Expert and Country Taskforce Member, was impressed with some of the figures shared, including seven per cent gross domestic product growth and 1.3 million jobs created.  These were commendable and Rwanda should be congratulated.   

    Peters Sunday Omologbe Emuze, Committee Vice-Chair and Country Rapporteur for Rwanda, said Rwanda had made significant progress in gender equality, and especially women’s political representation.  What steps were being taken to increase women’s representation in local administration and the private sector? How was the gender pay gap addressed? What was being done to combat discrimination against women and stereotypes? 

    Ms. Saran said each ethnic group in Rwanda had a rich cultural heritage.  For the sake of national unity and reconciliation, if everyone was being referred to as Rwandan, how did the State propagate the cultural richness of the population?   Rwanda had been extremely welcoming to refugees from all over the world, who brought their own specific languages and cultures.  What measures had the State party taken to ensure equal cultural rights for ethnic groups that had come as aliens, refugees or asylum seekers? 

    The delegation said over the years, Rwanda had implemented measures to achieve gender equality, particularly in Parliament, where it was around 63 per cent in the Chamber of Deputies and around 53 per cent in the Senate.  Quotas were in place which mandated that a minimum of 30 per cent of leaders should be women.  When the issue of equality was dealt with properly, this had a cascading effect on other policies.  A few years ago, the State recognised that gender-based violent crimes were specific in nature and needed to be treated in a certain way. 

    The delegation said there was no significant cultural diversity within the country, as everyone shared the same language and culture.  Traditionally the ethnic groups had been defined based on occupation and turning them into an ethnicity was introduced by the colonialists.  It had been entrenched in identity cards for Tutsis, Hutus and Twas.  This negated the fact that people could have moved from one group to another.   There were no significant differences in culture between these groups.  Rwanda had received a number of people who faced difficulties in their own countries. Diversity days were organised at schools, encouraging refugees and asylum seekers to share their culture. 

    Emmanuel Ugirashebuja, Minister of Justice and Attorney General of Rwanda and head of the delegation, said in 2023, Rwanda further refined its governance framework by aligning the schedules of presidential and parliamentary elections, enhancing efficiency and reducing electoral costs.  During the period under consideration, Rwanda successfully completed its ambitious 2020 Vision and adopted the Vision 2050.  From 2018 to 2024, Rwanda implemented its first national strategy for transformation, which laid the foundation for sustainable development, and was succeeded by the second national strategy for transformation, which ran until 2029.   Through these strategies, Rwanda maintained steady economic growth, with gross domestic product expanding at an average of 7 per cent and per capita income rising from $729 to $1,040 in 2023/2024. 

    In concluding remarks, Mr. Emuze thanked the Rwandan delegation for attending the dialogue, noting the high calibre of the delegation.  The Committee wished the delegation a safe journey home. 

    In his concluding remarks Mr. Ugirashebuja expressed appreciation for the constructive dialogue with the Committee.  The State had learnt many valuable lessons and looked forward to receiving the Committee’s recommendations.  Mr. Ugirashebuja extended an open invitation to the Committee to visit Rwanda in the future. 

    The delegation of Rwanda was comprised of representatives from the Ministry of Justice; the National Institute of Statistics; the Rwanda Education Board; the Department of International Justice Judicial Cooperation; and the Permanent Mission of Rwanda to the United Nations Office at Geneva.

    The Committee’s seventy-seventh session is being held until 28 February 2025.  All documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Webcasts of the meetings of the session can be found here, and meetings summaries can be found here.

    The Committee will next meet in public at 3 p.m. on Tuesday, 18 February to begin its consideration of the seventh periodic report of the Philippines (E/C.12/PHL/7).

    Report

    The Committee has before it the fifth periodic report of Rwanda (E/C.12/RWA/5).

    Presentation of Report

    EMMANUEL UGIRASHEBUJA, Minister of Justice and Attorney General of Rwanda and head of the delegation, said since the last review by the Committee over a decade ago, Rwanda had undergone significant changes in its policy, legal and institutional landscape.  In 2023, Rwanda further refined its governance framework by aligning the schedules of presidential and parliamentary elections, enhancing efficiency, and reducing electoral costs. 

    At the institutional level, Rwanda established the Rwanda Forensic Laboratory in 2016, upgrading it to the Rwanda Forensic Institute in 2023.  The Institute had enhanced forensic and advisory services, strengthening accountability in sectors critical to economic, social and cultural rights.  Its digital forensic and document services helped combat financial crimes like fraud and embezzlement.  In 2017, the Rwanda Investigation Bureau was established to enhance specialisation and professionalism in crime investigation. 

    In the judiciary, Rwanda made significant strides in strengthening its justice system.  In 2018, the Court of Appeal was established, further enhancing the country’s capacity to provide effective legal recourse.   In 2024, the establishment of an Appeal Tribunal to hear matters relating to refugee and asylum claims reinforced Rwanda’s commitment to upholding the rights of individuals in vulnerable situations.  Rwanda’s legal framework strongly supported the protection of economic, social and cultural rights, as enshrined in the Constitution.  Since the last report, Rwanda had enacted several laws that aligned with the provisions of the Covenant and contributed to the progressive realisation of economic, social and cultural rights.  These included the education law that guaranteed access to quality education at all levels, as well as health laws. 

    During the period under consideration, Rwanda successfully completed its ambitious 2020 Vision and adopted the Vision 2050.  From 2018 to 2024, Rwanda implemented its first national strategy for transformation, which laid the foundation for sustainable development, and was succeeded by the second national strategy for transformation, which ran until 2029.   Through these strategies, Rwanda maintained steady economic growth, with gross domestic product expanding at an average of 7 per cent and per capita income rising from $729 to $1,040 in 2023/2024.  

    Infrastructure development advanced with the construction of over 1,600 kilometres of national roads and 4,137 kilometres of feeder roads.   Job creation efforts led to over 1.3 million decent and productive jobs, while financial inclusion improved from 89 per cent in 2017 to 96 per cent by 2024.  Life expectancy also increased from 66.6 in 2017 to 69.9 years in 2024. 

    Rwanda also significantly strengthened its healthcare system under the strategy. Seven new hospitals were added to the existing 52, while 23 were rehabilitated or expanded.  Community-based health insurance coverage reached 93 per cent of the population. Healthcare modernisation included advanced imaging, laboratory equipment, local pharmaceutical manufacturing, and digital health systems.  

    In 2023, Rwanda, in partnership with Germany Biotechnology Company BioNTech, set-up an mRNA vaccine manufacturing facility, the first of its kind on the African continent, which would have the capacity to produce between 50 and 100 million doses of mRNA vaccines annually, and conduct trials on new therapeutics for malaria, tuberculosis, HIV, cancers and other diseases.  

    Through the Girinka programme (one cow per family programme), Rwanda distributed 333,146 cows to an equivalent number of households.  Rwanda valued the opportunity to engage in a constructive dialogue with the Committee.

    Questions by a Committee Expert

    PETERS SUNDAY OMOLOGBE EMUZE, Committee Vice-Chair and Country Rapporteur for Rwanda, asked how the 2015 constitutional amendments had affected Rwanda’s commitment to international human rights standards.  Did it enable the State party to override Covenant protections in favour of domestic law? What measures were being taken to ensure that the provisions of the Covenant were invoked by domestic courts? 

    What training programmes were in place for judges, law enforcement and government officials to ensure consistent application of the Covenant?  The important work of Rwanda’s national human rights institution was noted.  Was the selection process of its members carried out by a committee appointed by the President?  Did members require clearance from the Prime Minister’s office for official travel outside Rwanda?  Had the State party accepted the recommendations of the Global Alliance of National Human Rights Institutions to strengthen the institution in line with the Paris Principles?

    What measures had been taken to guarantee that human rights defenders could continue their work without undue restrictions on freedoms of expression, peaceful assembly and association?  What steps were taken to protect them from risks of unlawful killings, enforced disappearances, harassment and intimidation, including judicial harassment?  Could the State party clarify the concerns regarding non-governmental organization registration requirements?  Were there any obstacles for opposition groups to promote and advocate for the promotion of human rights, including economic, social and cultural rights? 

    When would the State party finalise a national action plan for business and human rights?  What steps were being taken to put in place a comprehensive legal and regulatory framework for human rights due diligence for businesses?  What measures were in place to ensure Rwanda met its nationally determined contributions under the Paris Agreement? 

    What measures were in place to combat corruption, particularly in public procurement and State-owned enterprises?  What challenges did anti-corruption institutions face in maintaining independence and effectiveness?  What measures were being taken to address them?  The Committee noted Rwanda’s legislative efforts to combat discrimination.  However, reports indicated persistent structural inequalities, particularly affecting Batwa people, women and girls, people living in deprived urban and rural areas, persons with disabilities, people living in poverty, and lesbian, gay, bisexual, transgender and intersex persons.  How did Rwanda plan to address these challenges? 

    How did Rwanda plan to address the absence of disaggregated data to assess the situation of the Batwa people?  What steps were being taken to combat poverty, high infant mortality, malnutrition, and lower educational outcomes among the Batwa? What kind of barriers did the Batwa continue to face to land titling and how did Rwanda plan to secure their rights to land ownership?  What measures were in place to prevent forced displacement of the Batwa people from their ancestral lands?  How was adequate compensation provided when Batwa lands were expropriated?  How did the State party ensure consultations with Batwa people in decisions likely to affect them?

    Rwanda had made significant progress in gender equality, and especially women’s political representation.  What steps were being taken to increase women’s representation in local administration and the private sector?  How was the gender pay gap addressed?  What was being done to combat discrimination against women and stereotypes?  How had the Rwanda Gender Monitoring Office and its Gender Management Information System contributed to tracking gender equality initiatives? 

    Responses by the Delegation

    The delegation said since the 2015 Constitutional amendments, no new organic laws had come into place.  There was consistent training on the use of human rights in courts.  However, the members of the bar tended not to apply international conventions in the courts. The reason for this was because the Constitution provided for a whole section of bill of rights, which was a replica of the Covenant.  However, lawyers were still trained on the use of human rights conventions.   

    Members of the human rights institution were manually selected via a presidential order.  This was a rigorous process, and many candidates were considered.  The appointment process was comparable to any other country with human rights mechanisms.  Whenever Commissioners wanted to travel, they informed the Minister’s office and a document was provided, called the travel clearance. Given that this caused significant confusion, the Government had decided to do away with the travel clearance.   

    Rwanda did all it could to strengthen the National Commission of Human Rights, and put in place any recommendations received. Rwanda was on track to reach its goals regarding carbon emissions.  The State was encouraging businesses to go green, which in turn would create “green jobs” which would contribute to more employment.  An example of this could be seen in the State employing young people to plant trees.  The Rwandan Government had heavily invested in areas key to social equality.  The community-based insurance now extended to certain diseases previously not covered, including cancer. 

    Rwanda aimed to achieve zero tolerance for corruption.  Key institutions like the Ombudsman’s office had played a key role towards achieving this goal.  Rwanda had improved its global ranking from 49th to 43rd place in 2024 in the Transparency Index Global Corruption Index.

    Rwandans and the Batwa spoke the same language and had the same culture.  The Batwa people could be found throughout the country and did not live in a designated area.  Rwanda aimed to ensure no one was left behind, regardless of their status.  Land registration helped to resolve dispute around land, and to ensure that land was adequately registered. 

    Over the years, Rwanda had implemented measures to achieve gender equality, particularly in Parliament, where it was around 63 per cent in the Chamber of Deputies and around 53 per cent in the Senate.  Quotas were in place which mandated that a minimum of 30 per cent of leaders should be women.  When the issue of equality was dealt with properly, this had a cascading effect on other policies.  A few years ago, the State recognised that gender-based violent crimes were specific in nature and needed to be treated in a certain way. 

    No discrimination against any group was tolerated in Rwanda.  Measures had been put in place to ensure that anyone who faced discrimination was able to access fast reparations.  There were many issues which were largely context-specific to Rwanda. 

    Questions by Committee Experts

    PREETI SARAN, Committee Expert and Taskforce Member, was impressed with some of the figures shared, including seven per cent gross domestic product growth and 1.3 million jobs created.  These were commendable and Rwanda should be congratulated.   What kind of resource constraints had the State faced in budgetary allocations for social spending?  What challenges had there been when dealing with external partners? 

    KARLA LEMUS DE VÁSQUE, Committee Expert and Taskforce Member, said marital violence affected 46 per cent of women who were married and 18 per cent of men, with many never seeking help for the violence they had suffered.  What measures had been put in place to combat the cultural norms which perpetuated marital violence?  How were victims of violence being supported so they could report the crime?

    A Committee Expert asked what steps were being taken by the Government to ensure safe access by humanitarian organizations to the population affected by the conflict in the Democratic Republic of the Congo?  How had the State ensured its policies and actions did not obstruct humanitarian aid? What was the coordination framework that the State had with armed groups operating in the Democratic Republic of the Congo, particularly the M23?  How might the State respond to the concerns regarding any potential support for these armed groups? 

    What measures had been put in place to prevent and punish any involvement by Rwandan stakeholders in conflict zones in the Democratic Republic of the Congo?  What measures had the State adopted to ensure that no armed group benefitted from support from the State?  What measures had been put in place to remedy any violations, including forced labour in mining areas under the control of armed groups, among others? 

    Another Expert asked about the role of civil society when drafting reports to treaty bodies?  Were all civil society organizations invited to participate in the drafting procedures?  What was the position of Rwanda on the Rome Statute?  Was there a possibility that the Government might consider acceding to it? Rwanda had extraterritorial obligations. The President had reiterated a lack of knowledge regarding the Rwandan military participating in the conflict of the Democratic Republic of the Congo.  How was oversight of the military activities ensured?  How did Rwanda ensure that armed groups operating in other countries received no support?

    A Committee Expert asked what the State was doing to combat the illicit trade of minerals?  What specific measures were taken to enhance specific imports and exports? 

    PETERS SUNDAY OMOLOGBE EMUZE, Vice-Chair and Taskforce Leader for Rwanda, said there had been allegations of Government members committing unlawful killings, enforced disappearances, and intimidation and reprisals, against those defending human rights.  What had the State party done to prevent this? Despite measures taken by the State party to improve rights for indigenous peoples, challenges remained. How did the State party intend to address challenges in this regard, including the lack of disaggregated data? How would Rwanda address challenges such as poverty, infant mortality, lower school attendance, and higher drop-out rates, among others? 

    Responses by the Delegation

    The delegation said Rwanda had challenges in terms of budget.  The State aimed to address this through development partners.  However, resources were not always permanent.  Although Rwanda worked with development partners, the State aimed to be financially stable in terms of its own financing. 

    Rwanda had developed mechanisms to capture data regarding gender-based violence.  Initially, people were scared to report cases due to stigmatisation.  Investigators had been trained to interview victims of gender-based violence.  When cases proceeded, it was ensured that they were not held in public, so as not to endanger the lives of the victims. 

    The Democratic Republic of the Congo had its own problems as did Rwanda, and the State could not bear the burden of others’ problems.  Anything happening beyond the territory of Rwanda should be dealt with by those States. 

    Civil society played an important role in the drafting of the report and in helping Rwanda achieve its human rights obligations. Rwanda had not yet joined the Rome Statute, but if the appropriate time came and if it was necessary, the State would willingly join the Statute.  At present, the State was not considering joining the Statue in the near future. 
    Rwanda was the first country in the Great Lakes region to commit to a due diligence mechanism.  This ensured Rwanda could not be used as a route for illicit mines. There were mechanisms in place to protect against enforced disappearances.  There was zero tolerance for anyone who threatened human rights defenders. 

    Questions by a Committee Expert

    PREETI SARAN, Committee Expert and Taskforce Member, asked what recent measures the State party had taken to address unemployment rates and to guarantee access to work?  What specific steps had been taken to address the problem of labour under-utilisation?  What major obstacles had Rwanda faced in addressing the employment challenge?  How was the integration of women into the labour force being promoted? 

    What specific steps had the State party taken for those facing discrimination to access the labour market.  What had Rwanda done to enforce laws dealing with discrimination at the workplace and to encourage employers to adopt anti-discrimination measures specifically related to sexual orientation at the workplace? How were systemic barriers for persons with disabilities being removed?  What measures had been taken to enable the transition of workers from the informal to the formal sector, particularly for women, the disadvantaged, and persons with disabilities?  What was the anticipated timeframe for establishing a minimum wage? 

    Many workers were reportedly exposed to frequent occupational accidents due to unsafe working conditions, leading to occupational injuries and fatalities.  Had the State party formulated an updated national policy on occupational health and safety?  How did the State party reinforce and implement the Labour Code on occupational health and safety?  Had the State party developed rights awareness programmes targeting domestic workers and employers? 

    What steps had been taken to establish a safe reporting system for domestic workers to report workplace violence?  What initiatives were in place to provide confidential and accessible health care for domestic workers?  What steps had the State party taken to remove any such legal barriers to the enjoyment of the right to form trade unions and the right to strike.

    The adoption of the updated national social protection policy (2020), which aimed to ensure that Rwandan citizens had a dignified standard of living, was commendable.  Were there any proposals to improve and expand the coverage process to ensure that it included the widest possible population, particularly the most marginalised and disadvantaged in the informal sector?  What steps had the State party taken to expand the community-based health insurance scheme to cover specialised health services, medicines, assistive devices, and commodities required by persons with disabilities? 

    Responses by the Delegation

    The delegation said employment was a concern in Rwanda.  Rwanda had a young population and the State needed to create an enabling environment for the youth to thrive.  It was hoped the law on startups would ensure easy financing of start-ups for the youth. A proportion of the laws provided for special consideration for women and people living with disabilities, to ensure these traditionally marginalised groups could access these resources. 

    Despite the efforts that the Government had put in place, there were still instances of gender-based discrimination.  There had been instances in the private sector where questions had been asked about women’s marital status to ascertain if they would be looking to seek maternity leave.  The State was looking at how to incentivise the private sector to ensure they did not discriminate based on gender.  No one in Rwanda was discriminated against based on their sexual orientation.  If discrimination was there, the State worked with civil society to address this.  It was important to have a synergy with civil society organizations to address persistent discriminatory issues.  There were quotas of 30 per cent for women, and the State monitored these closely to ensure gender equity was being achieved.   

    There were a lot of workers employed in the informal sector, and the State tried to formalise these areas.  Cooperatives were important in ensuring people came together, and worked like trade unions to highlight challenges faced by people in the informal sector.  There had been a growth in the number of cooperatives registered over recent years. The State had seen unfortunate incidents where people had been trapped in mines due to unsuitable mining.  The Rwanda mining board ensured that it monitored mining sites; however, people sometimes ventured into illegal mining at nighttime and ended up being trapped.  Work was being done with the local governments to ensure these unfortunate situations were avoided. 

    The minimum wage was a difficult debate.  The Government was on the right path regarding what an acceptable minimum wage was in Rwanda.  The process was long, but the Government aimed to develop a suitable minimum wage for the greater good of the country.  Laws guaranteed safety for domestic workers, including salaries and leave. Labour inspectors took steps to ensure the legal mechanisms were being utilised. 

    Questions by Committee Experts

    A Committee Expert said the issues of the Democratic Republic of the Congo were relevant.  What tools and mechanisms had the State created to ensure there was respect for economic, cultural and social rights?  How was it ensured that impunity was combatted abroad, particularly in the context of the armed conflict? 

    KARLA LEMUS DE VÁSQUE, Committee Expert and Taskforce Member, acknowledged that the State had extended fully-paid maternity leave for mothers in all sectors, but there were challenges to ensuring the legislation was enforced, particularly in the informal sector. What mechanisms were in place to ensure all working mothers could enjoy maternity leave?  Had the State considered implementing a specific measure to ensure women who gave birth to children with disabilities were given maternity leave commiserate with the situation of their child?  Were there incentives to encourage men to use paternity leave?

    What efforts were being carried out to punish employers who were in breach of child labour laws?  What results had the new national strategy on child labour yielded?  There were still high levels of poverty, especially for families.  What was the State doing in terms of the social schemes designed to eradicate extreme poverty?  What challenges did small-scale farmers meet when it came to increasing their yield and diversifying their crop?  What support programmes were in place for them?  Had the State considered expanding the food assistance programmes for vulnerable groups?

    A study of Rwanda’s development bank showed many people on low income still did not have access to affordable housing. What policies had been adopted to ensure the cost of housing was accessible?  What percentage of the national budget was set aside for the building and maintenance of social housing?  What initiatives had been launched to ensure that people who were vulnerable had access to affordable housing?  Had any laws been passed on rent control?  What measures could be implemented to ensure water rates were affordable? 

    Current adaptation measures were not enough to mitigate the impacts of climate change?  Had studies or surveys been carried out to assess the impact of climate change, and how had the State responded to findings?  What food resilience programmes could the State develop, including food storage programmes?  What measures had been implemented to ensure enough resources were set aside for the health sector, including for the most disadvantaged groups? What measures had been developed to extend the scope and coverage of mental health services?  What strategies had been developed to increase the number of qualified birth attendants in remote areas?  What measures had been implemented to strengthen investment in infrastructure?  How was equitable access to contraception guaranteed?   

    Responses by the Delegation

    The delegation said in January 2025, the Cabinet approved the resolution on the additional package of services for the community-based health insurance, including kidney transplants, cancer care, blood transfusions, knee and hips replacements, dialysis and prosthetics, among other procedures.  These were now all covered by the community-based health insurance. 

    The one cow per family programme provided a cow to families in the most vulnerable communities.  More than 14,500 families had been provided with furnished housing and 124 model villages had been established between 2017 and 2024, with all the essential amenities. 

    Rwanda did not have effective jurisdiction over any country and could not be held accountable for human rights violations beyond its borders.  The problems of the Democratic Republic of the Congo were internal.  Rwanda would welcome refugees from the Democratic Republic of the Congo if the problems persisted. 

    Since the COVID-19 pandemic, certain programmes had been implemented, including a voluntary saving scheme which was open to any citizen.  The International Labour Organization, in collaboration with Rwanda, had recruited a team to conduct a study on the barriers to social protection in the informal sector, and it would develop recommendations to address these. 

    Since 2023, paid maternity leave had increased from 12 to 14 weeks.  New changes in the law mandated that a pregnant woman or a breastfeeding mother should not be made to do any work that was too physically demanding or damaging to their overall health.  Those on maternity leave received their full salary.   Regular labour inspections were conducted, with more than 5,000 inspections carried out every year.  More than 1,500 of the enterprises where inspections took place were in the informal sector.   In the 2023-2024 fiscal year, 112 businesses were administratively sanctioned due to employment-related issues.  In the same period, 26 investigations had been conducted into cases of child labour, and 18 had been referred to the courts with five convicted. 

    The Government of Rwanda had implemented various social protection initiatives to eliminate extreme poverty.  In 2024, over 102,000 vulnerable individuals received monthly cash transfers and more than 80,000 households benefitted from flexible employment programmes.  As of May 2024, there had been an old age grant for impoverished individuals over the age of 65.  As of 2024, 315,327 households had been enrolled in the programme for sustainable graduation, where they received mentorship, financial support, and access to productive assets. 

    It was becoming more difficult for farmers to predict the weather, given the adverse impacts of climate change.  Pilot projects were launched to allow farmers to access buyers in value chains, by ensuring their quality standards were high. The Rwanda culture board helped to increase agriculture and animal resources, advising farmers on the best seeds for each area of the country to ensure the best harvest.  The Government heavily subsidised fertilizer for farmers to increase their output.  The Government subsidised up to 40 per cent of the cost of water, and access to clean water had increased substantially in the country. 

    Rwanda aimed to quadruple its workforce of healthcare service providers.  Below the age of 18, parental consent was required for any health intervention, including contraception and reproductive health services.  To enhance access to sexual reproductive health services, the age of consent should be reduced to 15 years.  To address this, a draft health service law was currently under consideration by the Parliament.  The level of teen pregnancy had decreased due to education and sensitisation, but it was also expected the draft health service law would result in a further decrease in teen pregnancy. 

    Questions by Committee Experts

    KARLA LEMUS DE VÁSQUE, Committee Expert and Taskforce Member, asked if there was any recent study on the deficit in housing which would help address current challenges?  Were there any laws on rent control? 

    How was the State addressing social and economic gaps which could address the prevalence of non-communicable diseases. Despite progress made in public health, communicable diseases, including malaria and HIV/AIDS, were a cause for concern. What measures had been adopted to strengthen health infrastructure in areas where access was limited?  What was being done to improve the prevention programmes? 

    A Committee Expert asked about the national health insurance; how did it function?  Did the State consider sharing revenues with areas where they obtained the resources from? 

    Another Expert said the country’s drug policy was focused on criminalisation and punitive measures.  Would the State consider decriminalising drug use and changing the approach to one that was health-based?   What measures had been taken to provide specialised training to law enforcement agents?  What was being done to mainstream mental health in primary health services? 

    A Committee Expert asked whether Rwanda had considered using human rights methodologies to design and better assess public policies? 

    An Expert asked about access to water in rural areas? What measures had the State taken to address climate change and its impact on the agricultural sector? 

    Responses by the Delegation

    The delegation said there had been a survey on housing deficits which had been presented in the Cabinet.  There were no laws on rent to reduce increases, but it was illegal to charge rent in foreign currencies, which helped to ensure rent was controlled.  Community health care workers were taught to deal with non-communicable diseases. There were also free community-based activities which took place to ascertain the levels of non-communicable diseases.  Community health workers had also helped sensitise people around diseases such as HIV and tuberculosis.   

    Around 90 per cent of land had been registered, and everyone, including women and vulnerable groups, had access to land.  After Rwanda developed its own gold refinery, businesses from other places came with gold to the refinery.  The Government agreed that drug consumption should not be criminalised, but the distribution of drugs should be criminalised.  More than 82 per cent of households had access to improved drinking water, and in Kigali this went up to 97 percent.  Numbers were lower in the western part of the country at around 75 per cent. 

    The Government was intensely investing in areas of water availability. 

    Questions by Committee Experts

    ASLAN ABASHIDZE, Committee Expert and Taskforce Member, said dropout rates in Rwanda had decreased to 5.5 per cent in primary schools and 7.5 per cent in secondary schools.  Could statistics be provided for the last five years, from 2019 to 2023, specifically on how many children were expected to enrol in primary school, and how many transitioned to lower secondary school, and then to upper secondary school?  According to the statistics provided, what percentage in the mentioned 40,000 students with disabilities who began their studies in schools and universities during the 2022/23 academic year represented the total number of children with disabilities who were expected to start schooling in that academic year? 

    What was the overall state of school infrastructure? Did schools meet the minimum requirements for lighting, drinking water, sanitation, and nutrition?  What steps was the Government taking in this regard? How were these initiatives funded? Why was disaggregated data on the Batwa group unavailable?   Could information on higher education enrolment and completion rates disaggregated by sex, rural and urban areas, and economic status be provided? 

    Was there a shortage of teachers in certain subjects? If there were challenges in this area, were there programmes to address them?  Could more details about the “We are all Rwandans” programmes be provided? How was the National Digital Inclusion Council funded?  Were private companies involved, and if so, on what terms?

    Responses by the Delegation

    The delegation said the number of teachers had increased by around 73 per cent, from around 68,000 in 2013 to around 100,000 in 2023/2024.  A teacher management system helped to determine if there were any gaps across the country.  The school dropout rate continued to decline at all levels.  There was a programme called school feeding which provided adequate and nutritious meals in schools.  The Government had started the journey of constructing schools, with a focus on accessibility by adding ramps, widening doorways, improving ventilation and lowering blackboards, to ensure they were accessible for students using wheelchairs.  Of the 4,986 schools in Rwanda, 3,392 now met accessibility standards, a significant improvement from just 765 schools in 2017.  Rwanda was committed to promoting inclusive education for children with disabilities.

    Questions by Committee Experts

    A Committee Expert asked for clarification around the official languages?  What was the language taught in primary schools?  How many universities were there in Rwanda?  Were there international students who studied in Rwanda? Did the Government provide scholarships for foreign students, particularly Africans?  Was the Swahili language widely spoken? 

    PREETI SARAN, Committee Expert and Taskforce Member, said each ethnic group in Rwanda had a rich cultural heritage.  For the sake of national unity and reconciliation, if everyone was being referred to as Rwandan, how did the State propagate the cultural richness of the population?  Rwanda had been extremely welcoming to refugees from all over the world, who brought their own specific languages and culture.  What measures had the State party taken to ensure equal cultural rights for ethnic groups who had come as aliens, refugees or asylum seekers? 

    An Expert asked if the State was collecting data with regards to young people aged between 15 to 24, who neither studied nor worked?  If this issue was not resolved, it could generate major issues. 

    PETERS SUNDAY OMOLOGBE EMUZE, Committee Vice-Chair and Country Rapporteur for Rwanda, asked what Rwandan troops were doing in the Democratic Republic of the Congo? 

    Responses by the Delegation

    The delegation said Kinyarwanda was recognised as the official language.  Rwanda had just one language.  There was no significant cultural diversity within the country, as everyone shared the same language and culture.  Traditionally, the ethnic groups had been defined based on occupation and turning them into an ethnicity was introduced by the colonialists.  It had been entrenched in identity cards for Tutsis, Hutus and Twas.  This negated the fact that people could have moved from one group to another.   There were no significant differences in culture between these groups.  French was an official language in Rwanda, due to colonisation by Belgium.  However, the majority of instruction was in English.   

    As of 2025, there were 19 universities in Rwanda, comprised of three public universities and 16 private institutions.  Schools such as the Carnegie Melon University from the United States taught courses, and specific scholarships were offered to Africans.  Scholarships were also offered to people fleeing their countries due to dangers, such as women from Afghanistan and people from Sudan.  Education could solve a lot of issues, including criminality and unemployed youth. 

    Rwanda was doing its best to attain the highest standard of economic, social and cultural rights, and would take any opportunities to learn from other countries in this regard. 

    Swahili was now an official language, recognised in the Constitution as a Lingua Franca.  It was widely spoken and taught in schools. 

    Rwanda had received a number of people who faced difficulties in their own countries.  Diversity days were organised at schools, encouraging refugees and asylum seekers to share their culture. 

    Closing Remarks

    PETERS SUNDAY OMOLOGBE EMUZE, Vice-Chair and Country Rapporteur for Rwanda, thanked the Rwandan delegation for attending the dialogue, noting the high calibre of the delegation.  The Committee wished the delegation a safe journey home. 

    EMMANUEL UGIRASHEBUJA, Minister of Justice and Attorney General of Rwanda and head of the delegation, expressed appreciation for the constructive dialogue with the Committee.  The State had learnt many valuable lessons and looked forward to receiving the Committee’s recommendations.  Rwanda’s achievements in access to health, education, and employment demonstrated the Government’s commitment to sustainable development. The country had a lot of challenges, including addressing inequalities, mitigating the effects of the global crisis, and ensuring policies translated into tangible improvements for the lives of the most vulnerable.  Rwanda was committed to resolving these challenges and to implementing the Committee’s recommendations.  Mr. Ugirashebuja extended an open invitation to the Committee to visit Rwanda in the future. 

    __________

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

    CESCR25.005E

    MIL OSI United Nations News –

    February 19, 2025
  • MIL-Evening Report: More dry lightning in Tasmania is sparking bushfires – challenging fire fighters and land managers

    Source: The Conversation (Au and NZ) – By David Bowman, Professor of Pyrogeography and Fire Science, University of Tasmania

    Tasmania has been burning for more than two weeks, with no end in sight. Almost 100,000 hectares of bushland in the northwest has burned to date. This includes the Tarkine rainforest and alpine ecosystems of Cradle Mountain that may never recover.

    The situation has taken emergency services and land management agencies by surprise. The seasonal bushfire outlook for summer 2024 suggested Tasmania’s fire risk was nothing out of the ordinary. The state was also well prepared for bushfire fighting, particularly with specialised aircraft.

    But this fire season has turned out to be anything but typical. Firefighting capacity has been stretched to the limit and interstate crews have been called in.

    It all began with a massive lightning storm in the evening of Monday February 3. The incidence of such lightning fires has been increasing in Tasmania since the 1990s.

    An official inquiry into the bushfires will no doubt be held, given the substantial social, economic and environmental harm – as well as the sizeable costs associated with fighting the fires from the air in remote and rugged landscapes.

    Nonetheless, important lessons are emerging from these fires, which speak to the broader, worsening threat as the climate changes.

    Understanding the impacts of the fires

    Fortunately, direct economic losses from theses fires have been limited so far, despite significant disruption associated with evacuation and road closures. Tourism operators and honey producers have been hardest hit.

    The fires caused brief but substantial smoke pollution across the state, placing a range of people with medical conditions at risk.

    The full environmental effects and the benefits of prescribed burning are yet to be evaluated. Nonetheless, there is grave concern about damage to unique rainforests and alpine ecosystems. If sufficiently dry the organic soils, or peats, that supports forests and treeless areas in western Tasmania are also vulnerable to combustion.

    We undertook a preliminary estimate of how much highly fire-sensitive vegetation – plant communities that will take more than 50 years to recover – may have burned. This involved comparing the current bushfire boundaries or footprint, based on satellite data and field reconnaissance, to vegetation mapping used for various purposes including fire management. We put the figure at 19,716 hectares of vegetation. However, it’s possible not all of this burned and islands of unburned vegetation persist within the broad fire boundary.

    Our estimation includes 10,419 hectares of temperate rainforest (10% of the fire area) and 462 hectares of alpine vegetation (0.45% of the fire area). Neither of these vegetation types can readily tolerate fire.

    Our analysis suggests about half of fire-affected rainforest areas have been previously burned by fires since 1982 (48%) and some small areas have burned twice (5%). Recurrent fires in rainforest can result in permanent loss of this vegetation. Just how much damage has been done will require further assessment.

    Current area affected by bushfires in northwestern Tasmania, comparing data from Geoscience Australia on bushfire boundaries and Land Information Services Tasmania on vegetation. Note, not all of the shaded area has burned.
    Grant Williamson

    Emergence of new fire patterns

    The number of fires ignited by lightning have increased in Tasmania since the 1990s. When the lightning occurs in storms without much rain, or where the rain evaporates before it hits the ground, it’s known as dry lightning.

    Concerningly, in the last decade two other major dry lightning fire events have occurred,
    likely a signal of a change in fire activity. As a result, fires are burning into areas that historically are rarely affected by fire, damaging the natural values of the Tasmanian wilderness.

    This event could not be predicted

    Going into summer, experts were concerned that soils across western Tasmania were particularly dry. This increased the fire risk in the seasonal outlook.

    The recent rapid fire growth in Tasmania was caused by the unusual combination of regional drying (including dry soils), an extreme lightning storm and subsequent strong winds.

    But the sequence of events that caused this fire to take off could not have been predicted more than a week ahead. That’s because it is impossible to predict lightning and windstorms outside the seven-day window of weather forecasts.

    What’s more, our research shows it is currently not possible to reliably predict which lightning strikes will start fire.

    By February 12, more than a dozen fires had burned around 50,000 hectares in the state’s northwest.
    NASA Earth Observatory

    Rapid attack and fire suppression have practical limits

    Massive lightning storms that ignite multiple fires overwhelm the capacity of firefighters to locate and immediately extinguish all the flames.

    Unfavourable weather conditions caused the west coast fires to rapidly grow. Firefighting shifted from attempts to extinguish the fire to instead contain its spread. This involved techniques such as targeted waterbombing, back burning and building fire breaks.

    These approaches have been successful in some cases, notably the deployment of retardant drops to contain the Canning Peak fire, saving extensive stands of conifer rainforest. But suppression efforts were imperfect, as the loss of a private tourist facility hut on the Overland Track has demonstrated.

    Managing these massive fires demands triage – making difficult choices about where to direct firefighting effort. Effective triage requires a detailed understanding of the location of areas of high economic, cultural and environmental value. High-quality mapping of these sites and involvement of specialists in the broader decision-making process is essential.

    The Tasmanian government does have maps and expertise to guide triage, but there are calls for more investment to protect the region’s ecological values. This is particularly important for small, localised sites vulnerable to fire, such as groves of ancient Huon pine.

    Fires continue to burn in Tasmania’s west, putting wilderness areas at risk (7.30)

    Broader lessons for fire fighting

    Dry lightning storms are hard to predict, extraordinarily difficult to contain, and can cause substantial economic, social and environmental harms.

    Technology alone – such as that which combines satellites, artificial intelligence, drones and water bombers – is not enough to eliminate these fires. What’s needed is a diverse portfolio of approaches, involving a combination of:

    • reducing fuel loads by prescribed burning
    • firefighting that is carefully targeted using high quality data
    • expertise embedded in firefighting teams.

    Researchers and fire managers must also identify the best strategies for prescribed burning to reduce bushfire risk while protecting areas of high economic, conservation and cultural value.

    Climate change will bring more frequent monster fires – and fighting them demands a broad suite of investment.

    David Bowman is an Australian Research Council Laureate Fellow and also receives funding from the New South Wales Bushfire and Natural Hazards Research Centre, and Natural Hazards Research Australia.

    Grant Williamson receives funding from the NSW Bushfire and Natural Hazards Research Centre, and Natural Hazards Research Australia.

    – ref. More dry lightning in Tasmania is sparking bushfires – challenging fire fighters and land managers – https://theconversation.com/more-dry-lightning-in-tasmania-is-sparking-bushfires-challenging-fire-fighters-and-land-managers-250063

    MIL OSI Analysis – EveningReport.nz –

    February 19, 2025
  • MIL-Evening Report: More than half of Australia’s homes were built before fire standards came in. Here are 5 ways to retrofit them

    Source: The Conversation (Au and NZ) – By Subha Parida, Lecturer in Property, University of South Australia

    Carl Oberg/Shutterstock

    Houses and fire do not mix. The firestorm which hit Los Angeles in January destroyed nearly 2,000 buildings and forced 130,000 people to evacuate.

    The 2019–20 Australian megafires destroyed almost 2,800 homes. This summer, houses and buildings have been lost in Victoria, Western Australia and Tasmania.

    As temperatures inch upwards, bushfires will become more severe and more frequent, posing risks to more homes. But fires don’t affect homes equally. Older homes built before fire resilience standards became mandatory are at higher risk of going up in flames.

    In the aftermath of the devastating LA fires, there are signs that newer homes have fared better than older ones. Previous fires in California and Australia have shown newer homes built with fire-resilient features are more likely to survive than older homes.

    The problem is, more than half (55%) of Australia’s homes were built 30 or more years ago – before national standards for fire resilience were introduced.

    The good news: you can take action to make older homes more resilient.

    Why are new homes better able to survive bushfires?

    Location, vegetation and luck play a role in determining which houses survive fires. But there is also evidence newer homes with heat- and ember-resistant features survive better.

    Construction standards in both Australia and the United States require the use of materials and designs which reduce fire risk.

    In Australia, the national construction standards have been in place since the early 1990s. Over time, the standards have expanded to include more fire-resistant features, such as fire-resistant external walls.

    By contrast, older homes are more likely to be built of flammable materials such as wood and untreated timber. Older homes are also more likely to have mature trees and shrubs closer to the house, which can increase fire risk. But as the CSIRO Bushfire Best Practice Guide points out, “trees can also be used to shield against wind, absorb radiant heat, and to filter embers […] when located at a safe distance from the house”.

    More exacting construction standards apply for homes built in areas considered at risk of bushfire. State and territory governments have interactive maps of these areas.

    Unfortunately, climate change is expanding these areas at risk. As the LA wildfires show, warmer climates mean fire can attack suburbs and cities thought to be safe from bushfire.

    Climate change is also making home ownership more expensive, as insurance premiums rise in the wake of more expensive disasters. Analysts predict banks may begin rejecting mortgage applications for properties in areas at high risk from fire.

    Older homes are more likely to burn if a bushfire comes through.
    Ekaterina Kamenetsky/Shutterstock

    How can we make older homes more resilient?

    Older homes remain highly sought after, especially in cities such as Sydney, Melbourne and Brisbane.

    But for these homes to be brought up to modern standards of bushfire resistance, they often require significant retrofitting. These retrofits can drastically reduce the risk of ignition.

    How do houses actually ignite? Wind-blown embers are a common cause in starting house fires. If a few houses in a town start burning, the fire can spread house to house.

    Here are 5 ways to protect your older house:

    1. Upgrade external vents. Traditional external vents are designed to ventilate rooms and roofs. But they also permit embers to gain access to attics and crawl spaces and spark a fire. Upgrading to ember-resistant vents can directly improve your home’s resilience.

    2. Install ember gutter guards. Ember-resistant gutter guards are made of metal and have finer mesh than normal gutter guards. These help to prevent the build-up of dry leaves and twigs and stop small embers from landing.

    3. Upgrade windows and walls. You can cut your risk further by installing bushfire-resistant shutters for windows, using fire-resistant material for wall insulation and replacing combustible material with better alternatives such as metal roofing, fibre cement siding for walls and tempered glass windows.

    4. Check your deck and verandah. Wooden decks and verandahs are risky in high-risk areas. If they need to be rebuilt, choose fire-resistant materials.

    5. Make space around your home. In fire-prone areas, removing trees and shrubs within 20 metres of the house can reduce risk. A well-managed area of pavers and low-density plants and shrubs close to the home acts as a fire break.

    Ahead of fire season, making and updating an evacuation plan is equally vital. Homeowners should prepare emergency kits with essential documents, medications, and protective gear. If a fire starts in your area, applying fire-retardant gels to surfaces at risk can provide temporary protection.

    In high risk areas, ensuring clear space between vegetation and the house can cut fire risk. Pictured: a house in Balmoral, New South Wales, after fire passed through in 2020.
    Daria Nipot/Shutterstock

    Homeowners can use the National Emergency Management Authority’s bushfire resilience rating app to assess their home’s bushfire risk and to see which retrofits are highest priority.

    State or territory governments offer advice on making your house more resistant to fire attack: New South Wales, Victoria, Queensland, South Australia, Western Australia, Tasmania, Northern Territory, Australian Capital Territory.

    Protecting our homes takes time – and money

    Australia’s housing crisis has been front page news for months. As we head towards the federal election, it will remain a hot-button issue. Unfortunately, we haven’t yet heard discussion of the risk posed to our housing stock from bushfires made worse by climate change.

    While planning controls and building standards can raise the standards of future homes, better support and incentives are needed to retrofit existing homes – especially for those built before fire safety standards became the norm.

    Retrofitting is crucial. But it’s not cheap. Costs can range from A$8,500 to $47,000 per property.

    These expenses can be prohibitive for many homeowners. Initiatives such as the Bushfire Resilience Rating Home Self-Assessment app can result in insurers offering premium discounts to homeowners using it to introduce recommended measures.

    In some areas, local governments offer financial assistance for retrofitting, such as the Bushfire Wise Rebate by Ku-ring-gai Council in NSW.

    Without greater financial support or government incentives, a significant portion of Australia’s housing stock will remain vulnerable, increasing risks as climate change expands fire-prone areas.

    Subha Parida receives receives funding from the Australian Housing and Urban Research Institute (AHURI)

    Lyrian Daniel receives funding from the National Health and Medical Research Council (NHMRC), the Australian Research Council (ARC) and the Australian Housing and Urban Research Institute (AHURI).

    Michaela Lang receives funding from the Australian Housing and Urban Research Institute (AHURI).

    – ref. More than half of Australia’s homes were built before fire standards came in. Here are 5 ways to retrofit them – https://theconversation.com/more-than-half-of-australias-homes-were-built-before-fire-standards-came-in-here-are-5-ways-to-retrofit-them-249490

    MIL OSI Analysis – EveningReport.nz –

    February 19, 2025
  • MIL-Evening Report: Australian women will soon be eligible for a menopause health check. Here’s what to expect

    Source: The Conversation (Au and NZ) – By Susan Davis, Chair of Women’s Health, Monash University

    SpeedKingz/Shutterstock

    The federal government has recently pledged to create a new Medicare rebate for menopause health assessments. It’s due to be available from July 1.

    The announcement featured in the government’s response to the Senate inquiry into menopause, released last week, though was first flagged earlier this month as part of the government’s pre-election funding package for women’s health.

    So what is a menopause health assessment? And how will it improve the health care women receive during this stage in their lives?

    Why we need this

    Outside reproductive health, women’s health care has generally been modelled on the needs of men. A prime example is the government-funded midlife health check for people aged 45 to 49. This is intended to identify and manage risks to prevent chronic diseases such as diabetes and heart disease.

    The recent Senate inquiry into issues related to menopause and perimenopuase highlighted that the timing of this health check is not fit for purpose for women. This is because at menopause, which occurs on average at the age of 51 in Australia, women’s health profiles change.

    Women gain tummy fat, their cholesterol levels go up, and glucose (sugar) metabolism becomes less efficient. All these changes increase a woman’s risk of heart disease and diabetes.

    Vast numbers of women are given a clean bill of health at this midlife health check in their late 40s. But when they subsequently go through menopause, they can go on to develop heart disease and diabetes risk factors, which may go undetected.

    Some women also go through early menopause: around 12% between the ages of 40 and 45, and around 4% before 40.

    Those women who experience menopause before age 45 are known to be at significantly higher risk of heart disease than other women. But, by the time women with early menopause qualify for the midlife health check, crucial metabolic changes may have silently occurred, and the opportunity to intervene early to address them may be missed.

    Changes that happen at menopause can increase a woman’s risk of developing a chronic disease.
    Monkey Business Images/Shutterstock

    What will a menopause health check involve?

    The federal government has committed A$26 million over two years to fund the new menopause health assessments, as part of a $64.5 million package designed to improve health care for women experiencing perimenopause and menopause.

    Some $12.8 million will also be dedicated to a menopause-related community awareness campaign.

    My own research has shown women understand menopause means the loss of fertility, but often have little knowledge of the health changes that occur as part of the menopause transition. So increasing health literacy around menopause is much needed.

    Similarly, for the introduction of these menopause-specific consultations to be effective, women will need to know what these health checks are for, if they’re eligible, and how to access a menopause health check.

    The new menopause health checks will be provided by GPs. Exactly what they will involve is yet to be clarified. But I would anticipate they will include a combination of the assessment and management of perimenopause and menopause, overall health and wellbeing, and assessment of risk and prevention of future ill health, notably heart disease, diabetes and osteoporosis.

    Upskilling health-care providers

    Equally, health-care providers will need to understand the impact of menopause on long-term health and how best to mitigate against disease risks, including the role of menopausal hormone therapy.

    My research has shown health-care providers lack confidence in delivering menopause-related care, indicating a need for more education around menopause.

    In line with this, the Senate inquiry called for the upskilling of the medical workforce in the field of menopause through medical school training, postgraduate specialist programs, and ongoing education of clinicians.

    Women in Australia will soon be able to access menopause health assessments.
    Sabrina Bracher/Shutterstock

    While the government cannot mandate what is taught in medical schools or the content of specialist training programs, its response to the inquiry encourages these institutions to incorporate menopause in their curricula.

    Further, part of the government funding will go towards expanding a professional development program on managing menopause offered by Jean Hailes for Women’s Health.

    A good start, but still not enough

    The government’s new funding, and the new menopause health checks in particular, recognises that women’s health is strongly dictated by major biological events, such as menopause, as opposed to age.

    This is good news. But we need to do more to equip health professionals to provide the best menopause care to women in these health assessments and beyond.

    Adding new menopause modules to medical school and specialist training programs will ensure greater awareness of the impact of menopause on women’s health and wellbeing. However, awareness alone won’t ensure high-level training for the complex care many perimenopausal and menopausal women need.

    The opportunities for medical graduates to gain hands-on clinical experience in menopausal medicine are mostly limited to the select few who get to work in a hospital specialist menopause clinic during their training.

    Notably, there’s no credentialed training program in menopause medicine in Australia. Meanwhile, the North American Menopause Society does offer a credentialed program.

    The challenge has been that menopause does not belong to one medical specialty. This is why we need an accredited training program – for both GPs and medical specialists – to ensure a truly skilled workforce able to deliver gold standard menopause care.

    But without further federal funding to set this up, it will not happen.

    Susan Davis receives funding from NHMRC, Medical Research Future Fund, the Heart Foundation, MS Australia. She has prepared and delivered educational presentations for Besins Healthcare, Bayer, and Mayne Pharma and has served on Advisory Boards for Theramex, Astellas, Abbott Laboratories, Mayne Pharma, and Besins Healthcare. She is a Member of the Executive of the Australian Academy of Health and Medical Sciences.

    – ref. Australian women will soon be eligible for a menopause health check. Here’s what to expect – https://theconversation.com/australian-women-will-soon-be-eligible-for-a-menopause-health-check-heres-what-to-expect-249499

    MIL OSI Analysis – EveningReport.nz –

    February 19, 2025
  • MIL-Evening Report: How to protect more Australian homes from the growing risks of floods, fires and other climate disasters

    Source: The Conversation (Au and NZ) – By Annette Kroen, Research Fellow Planning and Transport, RMIT University

    The cleanup is underway in northern Queensland following the latest flooding catastrophe to hit the state. More than 7,000 insurance claims have already been lodged, most of them for inundated homes and other structures.

    The Queensland floods are a reminder that climate-induced natural disasters are becoming more frequent and severe in Australia. Recent reports have identified the high number of Australian homes that are vulnerable to the increased risks of floods, coastal erosion and bushfires.

    Despite the evidence of escalating danger to homes and communities, we are ill-prepared for severe weather events. A new report from the Australian Housing and Urban Research Institute spells out the case for better integration, especially of urban planning processes. This is urgently needed to reduce the exposure of housing to growing disaster risks.

    Top priorities for planning authorities must include an end to building homes in the wrong locations, such as flood zones, and improving the resilience of dwellings to disaster hazards.

    Poor coordination

    At the national level, there is little integration of the three pillars of sound strategy: housing policy, settlement planning and disaster management. For example, neither housing policy nor planning frameworks incorporate disaster preparedness or mitigation.

    A focus on disaster response and recovery also hinders proper coordination in the disaster prevention area, even though avoidance in the first place is clearly more cost effective.

    However, this may be changing. Both the Issues Paper for the National Housing and Homelessness Plan and State of the Housing System report have acknowledged climate change and natural disasters are risk factors affecting housing.

    And the National Urban Policy includes “sustainable and resilient” as one of its three major goals for liveable cities.

    At the state and territory level, there is more clearly defined coordination through state emergency management planning. It also occurs via fire agencies that advise on planning proposals.

    In New South Wales, the NSW Reconstruction Authority is responsible for developing and implementing the State Disaster Mitigation Plan and for housing recovery.

    This means settlement planning and relevant housing issues are directly under the auspices of the agency responsible for disaster prevention and recovery. This is one way to improve integration, but further coordination with housing and planning agencies would be desirable.

    Greater focus on risk reduction

    Relevant Australian agencies are enhancing their approaches to disaster management in relation to housing. But housing policy still needs to accord greater priority to disaster risk reduction. This includes the location and resilience of housing relative to climate change hazards, such as fires and floods.

    In settlement planning, tensions between disaster risk reduction and economic and other development goals need to be addressed. Planning processes and policies to move communities away from risk areas via managed retreat and possibly compensation schemes must be developed.

    We can look to international experience for guidance. In Quebec, Canada the provincial government offered significant funding towards property buybacks after floods in 2017 and 2019. It also introduced a cap on disaster aid in high risk locations. Bylaw regulations banned any new developments or reconstruction.

    Households had to decide to either relocate or bear the cost of repeated disaster recovery. This strategy is an example of a successful relocation plan in an area at risk of repeated future flooding.

    The strategy received a relatively positive response from the affected municipalities and homeowners, potentially due to the generous buyout offers.

    This example illustrates the need for policies to manage disaster risk and urban development much more clearly.

    Better integration needed

    A whole of government approach that establishes clear policy and planning responsibilities would improve integration. It would also allow agencies to develop clearer strategies for the task. Improved data availability and harmonisation of risk identification would further support good decision making by housing and planning agencies.

    At the operational level, more staff exchanges between housing, planning, and emergency agencies would support capacity building.

    Detailed evaluations of housing experiences and planning outcomes from previous disasters would underpin improvements and integration. This occurs to some extent through formal statutory inquiries into disasters.

    A standardised evaluation for housing and planning agencies would provide more focused insights. One idea is to gauge temporary housing programs to build an inventory of suitable and available temporary housing types.

    In addition to coordination between government agencies, there is also a need to better communicate with the public on potential disaster risks. Local communities need to be included in planning, both for short-term disaster management and longer-term resettlement decisions.

    If we fail to better integrate housing policy with disaster preparation, we will continue to build on flood plains and other high risk areas. People, and their homes, will remain on the front line of deadly natural disasters.

    Annette Kroen receives funding from Natural Hazards Research Australia and the Australian Housing and Urban Research Institute.

    RMIT University receives finding from AHURI and NHRA to support Jago Dodson’s research which is relevant to this article, as well as a range of other funding sources.

    – ref. How to protect more Australian homes from the growing risks of floods, fires and other climate disasters – https://theconversation.com/how-to-protect-more-australian-homes-from-the-growing-risks-of-floods-fires-and-other-climate-disasters-249860

    MIL OSI Analysis – EveningReport.nz –

    February 19, 2025
  • MIL-OSI Global: Net-zero homes are touted as a solution for climate change, but they remain out of reach for most

    Source: The Conversation – Canada – By Ehsan Noroozinejad Farsangi, Visiting Senior Researcher, Smart Structures Research Group, University of British Columbia

    Net-zero homes play an important role in combating climate change. (Shutterstock)

    Net-zero homes use natural energy sources and are designed to use less energy and, as such, are considered important in the fight against climate change. But for the average Canadian, they’re still out of reach.

    Net-zero homes are important for tackling climate change. This includes both net-zero energy (NZE) homes, which produce as much energy as they use each year, and net-zero carbon (NZC) homes, which don’t release any carbon dioxide.

    Released in the summer of 2024, the Canada Green Buildings Strategy outlines a bold vision to transform the country’s building sector, aiming for net-zero emissions and enhanced resilience by 2050. This is a bold step forward, but transforming the sector will require sustained collaboration across all levels of government, industry and communities.

    CTV News covers the federal government’s Green Buildings Strategy.

    Net-zero homes use green energy sources and efficient designs to match the amount of energy they produce with the amount they use. They use strategies like thermal shells that use less energy, high-performance components and the addition of green energy systems.

    Net-zero homes also help Canada reach larger climate goals by reducing the amount of carbon dioxide it releases into the air.

    Purchasing and installing these technologies can be cost-prohibitive, but in the long run, homeowners both save money on power bills and reduce their greenhouse gas emissions.

    Those who are unable to make changes to their homes can still live in a net-zero way by buying green power or carbon offsets.

    The sustainable housing market

    Net-zero homes are becoming more popular in Canada. To speed up building processes and reduce costs, builders are trying out pre-fabricated and modular building techniques.

    In 2024, the Canadian federal government announced a $600 million package of loans and funding to help make it easier and cheaper to build homes. This funding will support innovative technologies like pre-fabricated and modular construction, robotics, 3D-printing and mass timber to build homes faster and cheaper.




    Read more:
    Canada’s housing crisis: Innovative tech must come with policy reform


    The Net Zero Council of the Canadian Home Builders’ Association has also been important in enhancing standards and practices and promoting novel approaches that cut costs while still being environmentally friendly. In doing so, CHBA drives the adoption of cheaper, environmentally friendly technologies and processes, enhancing industry standards and practices across Canada.

    While CHBA collaborates with government agencies, such as Natural Resources Canada to promote innovation and elevate industry standards. Government programs typically provide funding, technical support and policy guidance, whereas CHBA focuses on training, best practices and market development for its members.

    Government research programs through CanmetENERGY also work to improve technologies and give builders and planners the tools they need.

    There are several reasons that owning a net-zero home has not yet become widespread. These include: high initial costs, limited awareness and education, gaps in policy and regulation and market challenges including difficulties in scaling up and integrating net-zero technologies.

    Future directions

    To make net-zero homes accessible to all Canadians, a multi-faceted approach is required.

    Increased subsidies and incentives and expanding financial support for both builders and buyers can lower barriers to entry. The government of Canada’s 2030 Emission Reduction Plan includes $9.1 billion in new investments over the next eight years — adding to the $17 billion announced in 2021 — to support decarbonization efforts.

    Enhancing public awareness and developing educational campaigns highlighting the cost savings and environmental benefits of net-zero homes are both essential approaches to raising awareness and support.

    Policy reform can accelerate adoption of net-zero homes. Examples include harmonizing building codes and introducing mandatory energy efficiency standards to accelerate adoption.

    Supporting continued research into technical innovation and developing cost-effective materials and renewable energy systems will drive down costs. Investment in modern methods of construction should be prioritized to accelerate the transition toward sustainable and energy-efficient building practices.

    Partnerships between governments, private developers and non-profits can bring together resources and expertise to scale net-zero housing initiatives.

    The Sustainable Finance Action Council recommends steps to mobilize private capital to support decarbonization and climate resilience in the Canadian economy, including in the housing sector.

    Solar panels the roofs of apartment buildings in Munich, Germany.
    (Shutterstock)

    Successful international models

    Several countries have demonstrated how net-zero homes can become a reality through innovative policies, community-driven approaches and public-private partnerships:

    BedZED in the United Kingdom is the country’s first eco-village project. It uses community-focused design and renewables to significantly cut carbon footprints.

    The Passive House standard is a German housing policy that sets a global benchmark for ultra-low energy consumption, emphasizing airtight construction and heat recovery.

    California’s ambitious Zero Net Energy policies help reduce overall carbon footprints by driving cutting-edge home construction practices.

    The Net Zero Energy House (ZEH) Program in Japan encourages advanced insulation, efficient appliances and rooftop solar.

    The Netherlands is a leader in innovative, large-scale retrofitting for net-zero housing, most notably through the Energiesprong program.

    These international models highlight that success lies in integrating strong policy frameworks, advanced technology and collaborative practices. They demonstrate that with the right mix of government support, industry innovation and residents embracing green choices, net-zero living can become more widespread.

    Housing is an important part of how to address climate change. As Canada pushes to make net-zero homes more affordable, each step forward strengthens communities, reduces greenhouse gas emissions and helps homeowners save money.

    Dr Ehsan Noroozinejad Farsangi has secured funding to develop innovative solutions for housing and climate crises.

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

    – ref. Net-zero homes are touted as a solution for climate change, but they remain out of reach for most – https://theconversation.com/net-zero-homes-are-touted-as-a-solution-for-climate-change-but-they-remain-out-of-reach-for-most-247622

    MIL OSI – Global Reports –

    February 19, 2025
  • MIL-OSI Europe: Written question – Traceability of active ingredients in medications sold in the European Union – E-000601/2025

    Source: European Parliament

    Question for written answer  E-000601/2025
    to the Commission
    Rule 144
    Aleksandar Nikolic (PfE), Valérie Deloge (PfE), Marie-Luce Brasier-Clain (PfE)

    There are a lot of rules and regulations in the EU to make sure that manufacturers and distributors are transparent about the origin of their products. As a result, it is easy to know where the products we eat or wear come from: everything is written on the label.

    However, this requirement for transparency does not extend to the pharmaceutical sector. In fact, laboratories are only required to indicate, on secondary packaging, the name and address of the company placing the product on the market and/or those of the company producing the drug.

    This is unclear, and sometimes even misleading for patients: while a drug might be produced in France, its active ingredient could come from a country like India or China. This causes serious problems for consumers in terms of traceability and transparency.

    In addition, given that there is a shortage of certain medications and a need for EU independence in medicine production, it would surely be advantageous for consumers to be told the origin of active ingredients, so their buying choices can be better informed, where possible.

    Does the Commission intend to take steps to ensure that active ingredients are more traceable?

    Submitted: 10.2.2025

    Last updated: 18 February 2025

    MIL OSI Europe News –

    February 19, 2025
  • MIL-OSI New Zealand: Unexplained death, Puketaha, Waikato

    Source: New Zealand Police (National News)

    An investigation is under way into the death of a person, who was found following a car fire at Puketaha overnight.

    Emergency services were called to a vehicle fire at the intersection of Marshmeadow and Holland roads about 3.50am. The person was found deceased in the vehicle by firefighters, who notified Police.

    The death is being treated as unexplained and cordons are in place while a scene examination is carried out.

    Diversions are expected to be in place for several hours and trains are delayed while Police work at the scene.

    Information will be released proactively when it becomes available.

    ENDS

    Issued by the Police Media Centre

    MIL OSI New Zealand News –

    February 19, 2025
  • MIL-Evening Report: Economic ‘green shoots’ and lower interest rates disguise worrying trends in NZ’s job market

    Source: The Conversation (Au and NZ) – By Cristóbal Castro Barrientos, PhD candidate, NZ Policy Research Institute, Auckland University of Technology

    Max Dallocco/Shutterstock

    Despite Prime Minister Christopher Luxon’s reassurance that “some green shoots” are starting to show in the economy, including a 50 point cut in the official cash rate expected to be announced later today, the outlook for 2025 remains uncertain for many – and grim for some.

    Unemployment reached 5.1% in the final quarter of 2024, the highest level since 2020, according to the latest data from Stats NZ. That translates to a total of 156,000 unemployed individuals.

    At the same time, a 1% decrease in gross domestic product in the third quarter of 2024 puts more pressure on the job market.

    While the unemployment rate may not have reached the levels of past crises – the rate exceeded 6% during the 2008-2009 recession – the devil is in the detail.

    The Stats NZ data show the most affected sectors include male-dominated occupations such as technicians and machinery operators, accounting for 85% of the latest job losses.

    Women have seen smaller declines in employment and a slight increase in transitions to part-time roles. But the shift from full-time to part-time employment, especially among men, suggests the creation of quality full-time jobs will be a challenge.

    Job losses concentrated in male-dominated industries also have broader economic implications. They may signal shifts in household income dynamics, particularly for families that depend on a male breadwinner.

    It could also contribute to rising male underemployment (when a worker’s job doesn’t fully utilise their skills, education or experience) and further disparities in the employment rates of men and women.

    Overall, these trends raise questions about the nature and quality of work now available in the job market, and what strategies the government can respond with.

    A rise in ‘discouraged’ workers

    In the fourth quarter of 2024, the annualised employment rate (representing the proportion of the working-age population employed over a year, adjusted for seasonal fluctuations) was 67.4%, compared with 69% in the same period of the previous year.

    This is the most significant decline since 2009. It reflects job losses and a “discouraged worker” effect.

    Discouraged workers are those who have stopped seeking employment due to a perceived lack of opportunities. Instead of remaining in the labour force, they may rely on savings, family support, welfare, or transition into informal or temporary work.

    According to recent data, the most affected sectors include male-dominated occupations such as technicians and machinery operators.
    Kajohnwit Boonsom/Shutterstock

    A drop in quality work

    The rise in part-time employment, particularly among men, raises concerns about the quality of the labour market. Although employment levels appear stable, the growth of less secure jobs may conceal structural weaknesses.

    In the fourth quarter of 2024, the number in part-time employment reached 585,000, the highest figure since 1986. Over the past year, 36,000 men left full-time jobs, while 9,000 transitioned to part-time work.

    One of the main risks of this trend is that companies may be cutting costs without resorting to mass layoffs, which implies reduced job security for workers. Many of these transitions to part-time employment are not voluntary but rather a sign that the economy is not generating enough stable job opportunities.

    Additionally, part-time jobs often offer lower wages, fewer benefits and fewer opportunities for career advancement.

    This type of employment can contribute to stagnation in skill development and reduce workers’ purchasing power, ultimately affecting consumer spending and overall economic growth.

    There is also a perception of discrimination against part-time workers, with one in three reporting feeling discriminated against in their jobs.

    A year of two halves

    While consumer confidence has been low, recent revisions to economic growth estimates suggest the economy hasn’t been as weak as perceived.

    Current projections are that unemployment may reach a peak between 5.3% and 5.6% in mid-2025 and then trend downwards.

    With inflation now within the Reserve Bank of New Zealand’s target range, changes in the official cash rate are needed to contain the damage to a weakened labour market. The central bank is forecast to cut the interest rate by 50-points today.

    The weak growth in the working-age population and a potential decline in labour force participation could limit how high unemployment rises, as fewer people may be actively looking for work. But this does not mean a strong recovery is imminent.

    New Zealand faces a significant but not insurmountable challenge. An unemployment rate of 5.1% should raise a red flag and is devastating for the increasing number of workers who have lost their jobs. But the data also show the increase is part of an anticipated economic cycle.

    What matters is how the government reacts to the increases in unemployment and changes to the job market. A supportive job-creation policy and a coordinated strategy for the most affected sectors will be key in avoiding long-lasting pain in the labour market.

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

    – ref. Economic ‘green shoots’ and lower interest rates disguise worrying trends in NZ’s job market – https://theconversation.com/economic-green-shoots-and-lower-interest-rates-disguise-worrying-trends-in-nzs-job-market-249685

    MIL OSI Analysis – EveningReport.nz –

    February 19, 2025
  • MIL-Evening Report: Here’s why increasing productivity in housing construction is such a tricky problem to solve

    Source: The Conversation (Au and NZ) – By Martin Loosemore, Professor of Construction Management, University of Technology Sydney

    This week, the Productivity Commission released its much-awaited report into productivity growth in Australia’s housing construction sector. It wasn’t a glowing appraisal.

    The commission found physical productivity – the total number of houses built per hour worked – has more than halved over the past 30 years.

    The more nuanced measure of labour productivity – which accounts for improvements in size and quality – has also fallen, by 12%.

    Both measures put home-building productivity well behind the broader economy, something the report’s authors attribute to “decades of poor performance”.

    We’ve known about this problem for a long time. The Productivity Commission’s report is well researched and makes some sensible recommendations.

    Solving the underlying problem will require a coordinated approach between government, home-owners, construction companies and workers.

    Measuring productivity

    Housing can take many forms. However, from a productivity perspective, the process of development is essentially the same.

    In very simple terms it involves:

    • concept and initial design, feasibility, finance and business case development
    • land acquisition and due diligence
    • detailed design, development and building approvals
    • pre-construction planning and working drawings
    • construction project management
    • practical completion, final certificates and settlement, commissioning and handover.

    There are no official estimates of housing construction productivity. So, the Productivity Commission used Australian Bureau of Statistics (ABS) data to create its own new measures to capture productivity across this entire process.

    Falling or flat-lining productivity in this sector is a well-known long-term problem. Under the National Housing Accord, the federal government has committed to building 1.2 million new well-located homes by the end of this decade.

    But in the first three months since the National Housing Accord was launched, only 44,884 homes were built across Australia. That’s about 15,000 fewer than the required quarterly target of 60,000.

    The National Housing Supply and Affordability Council projects that new market housing supply will ultimately come in at about a quarter of a million homes below the accord’s target.

    4 key problems

    The report identified four key factors behind the malaise:

    1. complex, slow approvals, as well as delayed construction certificates and essential infrastructure connections
    2. lack of innovation and slow uptake of digital technologies and modern methods of construction
    3. the dominance of smaller building firms resulting in low economies-of-scale and project management challenges associated with supply chain fragmentation
    4. difficulties attracting and retaining skilled workers resulting in skills and labour shortages.

    The report proposes seven reform directions in response. These centre on speeding up the planning approval process, investing in research and development, and increasing workforce flexibility.

    Fixing things won’t be simple

    The Productivity Commission’s report has brought a welcome focus on planning and approvals as a key element of easing the housing crisis.

    It acknowledges that under-resourcing of agencies involved in the approvals process, such as local governments, has made the problem worse.

    One issue with increasing the number of planning approvals processed is that you then need to have a construction industry that can build fast enough to keep up with them.

    Currently, we don’t. Industry research shows since 2013, the number of workers within Australia’s construction workforce has increased by more than 25%. But they are working 2% fewer hours each year, and achieving an output that’s 25.4% lower.

    Keeping an eye on quality

    Amid any push to speed up approvals, we need to be mindful of the possible risks. Loosening building regulations can increase the risk of quality problems and inappropriate development.

    If widespread across the industry, such problems can cause significant personal and economic harm to households, social and economic costs for society. They can also increase building costs, insurance premiums and strata fees.

    This problem calls for a range of tools to reduce the risk of compromising on quality when regulations are loosened or changed. New South Wales has two key pieces of legislation in place that could act as a model for other states.

    One allows owners to sue if a person who carries out construction work fails to exercise reasonable care. The other allows the Building Commission to investigate building work and require rectification of defects for up to six years.

    NSW also has an independent builder trustworthiness rating scheme. This is known as iCirt and operated by credit rating agency Equifax.

    Innovation isn’t a panacea

    A major feature of the Productivity Commission’s report discusses the housing construction industry’s low innovation culture.

    However, much innovation is hidden from view, since it occurs at the manufacturing stage. And innovation itself is not a panacea.

    While calling for greater innovation seems obvious on the surface, research has shown its ability to increase productivity depends on a wide range of factors and is certainly not guaranteed. It can even increase costs and reduce quality and productivity if not managed effectively.

    More holistic workforce planning

    The report also highlights issues with attracting and retaining a skilled workforce. Issues include low apprenticeship take-up and completion rates, restrictive trade pathways, and large infrastructure projects drawing talent away.

    This raises a bigger issue. Despite workforce planning across the industry by the Construction Industry Training Board the industry still seems to be constantly reacting to a skilled labour shortage rather than planning ahead to predict and prevent one.




    Read more:
    Will new $10,000 apprentice payments help solve job shortages in construction? Not anytime soon


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

    – ref. Here’s why increasing productivity in housing construction is such a tricky problem to solve – https://theconversation.com/heres-why-increasing-productivity-in-housing-construction-is-such-a-tricky-problem-to-solve-250048

    MIL OSI Analysis – EveningReport.nz –

    February 19, 2025
  • MIL-OSI United Kingdom: The United Kingdom remains deeply committed to the United Nations: UK statement at the UN Security Council

    Source: United Kingdom – Executive Government & Departments

    Statement by Ambassador Barbara Woodward, UK Permanent Representative to the UN, at the UN Security Council meeting on practising multilateralism, reforming and improving global governance.

    The United Kingdom remains deeply committed to the United Nations.  

    But 80 years since its creation, with more countries engaged in conflict than ever before, we are falling short of its founding mission to save succeeding generations from the scourge of war.

    And despite progress on health and education, significant global challenges remain. 

    The climate crisis is accelerating and the Sustainable Development Goals are off-track.

    Why so? There is more to this than the often-mentioned liquidity crisis.  

    In 80 years, UN membership has increased from 51 to 193 Member States, but the UN and its institutions are not fully representative of all its members.  

    We now live in a multipolar world, not a bipolar or unipolar one, whose challenges, climate, pandemics and cyber security are more transnational than national.

    As the Secretary-General reminded us and so many speakers today have reiterated, the Pact of the Future demonstrated a clear desire and a clear commitment to reinvigorate the multilateral system, including through reforming the UN and the international financial system.  

    Together, we need to redouble our efforts and find new ways to address emerging challenges.

    2025, the UN’s 80th anniversary and a year of key summits, is the first step on this path.  

    Next month we have the Commission on the Status of Women and the Beijing +30 meeting; in June we have the UN Oceans Conference; in July FFD4.  And later in the year the UN Social Summit and COP30, back in Brazil.  

    Together, these summits seek to address our shared concerns.  

    Their success is critical for progress and the UN’s reputation as our multilateral home.

    Second, we need to use the UN more effectively to deliver international peace and security.  

    Such progress must go hand in hand with upholding human rights.

    This starts first and foremost with the defence of the UN Charter as colleagues have references.  

    Nowhere is that more true today than in Ukraine, whose sovereignty and territorial integrity is under threat from Russian aggression.

    We must work to ensure that all UN tools, including its good offices, are used to deliver and advance peace.  

    For example, Personal Envoy Lamamra has a crucial platform to bring together the warring parties in Sudan.  

    We encourage reinvigorated momentum for mediation efforts, as well as a renewed focus on prevention to reduce crises before they happen.  

    This year’s Peacebuilding Architecture Review is an important opportunity in this regard.

    We also need to refresh our peacekeeping approach to ensure missions are fit for purpose and defend UN peacekeepers wherever they serve.  

    Attacks against them are unacceptable.  

    We honour, in particular today, MONUSCO peacekeepers who have fallen in defence of civilians in the DRC.

    Finally, in the face of growing global crises, from Sudan to Myanmar, we need to support the UN’s development and humanitarian programmes, across its agencies.  

    In Gaza, UNRWA, alongside the WFP and UNICEF, provides over 50% of all food aid.  

    We commend OCHA’s tireless efforts to reach those in need. 

    Humanitarian access and the protection of aid workers are integral to their successful delivery.

    In conclusion, President, colleagues, the Council is often characterised as an ineffective geopolitical theatre. 

    While reform of its membership is needed and the UK supports that, this body has the tools to implement its peace and security mandate.  

    We now need to strengthen our collective will to use them more effectively and, as the Secretary-General has said, in our 80th year, work to build the more peaceful, just and prosperous world that we know is within reach.

    Updates to this page

    Published 18 February 2025

    MIL OSI United Kingdom –

    February 19, 2025
  • MIL-OSI Security: Timothy A. Ferguson Named Assistant Director of the Criminal Justice Information Services Division

    Source: Federal Bureau of Investigation FBI Crime News (b)

    The Federal Bureau of Investigation has named Timothy A. Ferguson as the assistant director of the Criminal Justice Information Services Division in Clarksburg, West Virginia. Mr. Ferguson has served as the acting assistant director of the CJIS Division since April 2024.

    Mr. Ferguson joined the FBI as a special agent in 2002 and was assigned to the Dayton Resident Agency under the Cincinnati Field Office in Ohio, where he primarily worked criminal investigations with the Southern Ohio Safe Streets Task Force. He was promoted to supervisory senior resident agent in 2011.

    In 2015, Mr. Ferguson was promoted to assistant section chief of the Violent Crime and Gang Section in the Criminal Investigative Division at FBI Headquarters in Washington, D.C. He oversaw the division’s Safe Streets and Gang Unit, Violent Crime Unit, and Indian Country Crime Unit.

    Mr. Ferguson moved to the Springfield Field Office in Illinois in 2018 to serve as the assistant special agent in charge of the Criminal Branch. In 2020, he returned to FBI Headquarters as the section chief of the Field Operations Section and the Digital Forensics and Analytics Section in the Operational Technology Division.

    In 2023, Mr. Ferguson was promoted to deputy assistant director of the CJIS Division, responsible for the FBI’s National Threat Operations Center and the National Instant Criminal Background Check System Section.

    During his FBI career, Mr. Ferguson has served as a crisis negotiator, a SWAT Team operator, a medic, an adjunct faculty member, and a Behavioral Analysis Unit coordinator.

    Prior to joining the FBI, Mr. Ferguson served in the U.S. Army. He earned a bachelor’s degree in English from Welsh College in Nashville, Tennessee, and a master’s degree in behavioral science from Wright State University in Dayton, Ohio.

    MIL Security OSI –

    February 19, 2025
  • MIL-OSI USA: February 18th, 2025 Heinrich Demands Answers from FEMA About Elon Musk and DOGE’s Access to Disaster Victims’ Personal Data

    US Senate News:

    Source: United States Senator for New Mexico Martin Heinrich

    WASHINGTON — U.S. Senators Martin Heinrich (D-N.M.), Peter Welch (D-Vt.), Alex Padilla (D-Calif.), and 9 Senate Democrats demanded answers from the Federal Emergency Management Agency (FEMA) on the potential security breach created by Elon Musk’s “Department of Government Efficiency” (DOGE), which has reportedly accessed the sensitive personal data of disaster victims.

    In a letter to the Senior Official Performing the Duties of FEMA Administrator, the senators requested more information on the procedures FEMA follows to protect data from misuse, and if DOGE’s unaccountable agents were in compliance with federal law.

    “The United States has suffered from a growing number of natural disasters over the past several years — from severe flooding in Vermont and hurricanes in North Carolina, to catastrophic wildfires in Hawaii and California. In order to register for federal disaster assistance and receive help rebuilding their communities, our constituents have provided their personally identifiable information to FEMA. They did not do so with the expectation that their sensitive information would be turned over to unvetted, unaccountable DOGE agents,” the senators wrote to Cameron Hamilton, the Senior Official Performing the Duties of FEMA Administrator.

    “Mr. Musk has stated his desire to eliminate waste at FEMA. We agree the country must examine and thoughtfully consider reforms to the operation of FEMA. Our constituents have experienced first-hand the frustrating bureaucracies that hinder the federal disaster recovery process. Congress must take steps to equip FEMA and communities with the tools needed to better assist disaster victims after the storm has passed. We stand ready to work with anyone willing to fix it,” continued the senators. “But such reforms do not require, or come close to justifying, the invasive measures DOGE has reportedly undertaken.”

    The senators concluded, “When disaster strikes, Americans should have confidence the government will safeguard their data, regardless of the Administration at the helm. Reports indicate you have breached that trust — perhaps in violation of federal privacy law.”

    In their letter, the senators requested responses to the following questions to understand the scope of that breach and the extent of FEMA’s compliance with federal law:

    1. Please provide a complete list of individuals authorized by FEMA to access disaster victims’ data and records during the period between January 20, 2025, and February 14, 2025. Please indicate whether those individuals are employees of FEMA, the White House, DOGE, or another federal agency and specify the agency. If the individuals are not federal employees, please indicate that in your response. 
    2. What are the individuals specified above authorized to do with disaster victims’ data and records, and what types of data were obtained? 
    3. What procedures does FEMA follow to protect disaster victims’ data from misuse? Are DOGE-affiliated individuals required to follow those procedures?  
    4. How many Americans’ personally identifiable data has been accessed by DOGE-affiliated individuals? What vetting did these individuals undergo prior to their being granted access to FEMA systems?

    The full text of the letter is here and below:

    Dear Mr. Hamilton,

    We write with serious concern about reports that Elon Musk’s “Department of Government Efficiency” (DOGE) has obtained access to sensitive information at the Federal Emergency Management Agency (FEMA), including the personal data of thousands of disaster victims.

    The United States has suffered from a growing number of natural disasters over the past several years—from severe flooding in Vermont, Minnesota, and Connecticut and hurricanes in North Carolina, to catastrophic wildfires in Hawai’i, California, New Mexico, and Oregon. In order to register for federal disaster assistance and receive help rebuilding their communities, our constituents have provided their personally identifiable information to FEMA. They did not do so with the expectation that their sensitive information would be turned over to unvetted, unaccountable DOGE agents.

    Mr. Musk has stated his desire to eliminate waste at FEMA. We agree the country must examine and thoughtfully consider reforms to the operation of FEMA. Our constituents have experienced first-hand the frustrating bureaucracies that hinder the federal disaster recovery process. Congress must take steps to equip FEMA and communities with the tools needed to better assist disaster victims after the storm has passed. We stand ready to work with anyone willing to fix it.

    But such reforms do not require, or come close to justifying, the invasive measures DOGE has reportedly undertaken.

    When disaster strikes, Americans should have confidence the government will safeguard their data, regardless of the Administration at the helm. Reports indicate you have breached that trust — perhaps in violation of federal privacy law.

    To understand the scope of that breach and the extent of your compliance with federal law, we request responses to the following items by no later than February 28, 2025:

    1. Please provide a complete list of individuals authorized by FEMA to access disaster victims’ data and records during the period between January 20, 2025, and February 14, 2025. Please indicate whether those individuals are employees of FEMA, the White House, DOGE, or another federal agency and specify the agency. If the individuals are not federal employees, please indicate that in your response.
    2. What are the individuals specified above authorized to do with disaster victims’ data and records, and what types of data were obtained?
    3. What procedures does FEMA follow to protect disaster victims’ data from misuse? Are DOGE-affiliated individuals required to follow those procedures?
    4. How many Americans’ personally identifiable data has been accessed by DOGE-affiliated individuals? What vetting did these individuals undergo prior to their being granted access to FEMA systems?

    Sincerely,

    MIL OSI USA News –

    February 19, 2025
  • MIL-OSI USA: February 18th, 2025 Heinrich, Luján Raise Alarm Over Trump Admin Pushing Illegal Funding Cuts to NIH & Derailing Lifesaving Research

    US Senate News:

    Source: United States Senator for New Mexico Martin Heinrich

    New Mexico receives $125 million in NIH funding that supports over 1,400 jobs and generates nearly $290 million in economic activity

    Heinrich and Luján: “The administration’s new policy means that research will come to a halt, sick kids may not get the treatment they need, and clinical trials may shut down abruptly”

    WASHINGTON – U.S. Senators Martin Heinrich (D-N.M.) and Ben Ray Luján (D-NM), alongside 45 Senate Democrats, sent a letter to U.S. Department of Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr. expressing serious concern over the Trump administration’s recent decisions that threaten to create a serious funding shortfall for research institutions in New Mexico, undermine progress on lifesaving scientific advancements, jeopardize the U.S. economy, and endanger the livelihoods of hundreds of thousands of workers. 

    “As the largest public funder of biomedical research in the world, the National Institutes of Health (NIH) plays a critical role in sustaining the research infrastructure necessary for scientific breakthroughs in cancer treatment, infectious disease prevention, and medical technology innovation, among many others. President Trump has wreaked havoc on the nation’s biomedical research system in recent weeks. In his first several days in office, President Trump imposed a hiring freeze, communications freeze, ban on travel, and cancellation of grant review and advisory panels that are necessary to advance research. While some of these efforts have been reversed, they continue to cause confusion and miscommunication among researchers and recipients of NIH funds,” the senators wrote.

    This month, the NIH announced it would set the maximum reimbursement rate for indirect costs to 15% — creating a serious funding shortfall for research institutions of all types across the country. This move would dismantle the biomedical research system, stifle the development of new cures for diseases, and affect ongoing research important to New Mexicans such as clinical trial research at the University of New Mexico.

    Importantly, this change is not a cost savings. It a cost transfer to organizations that cannot afford to pay the difference. This action by the Trump administration is unlawful — Congress’ bipartisan Labor-HHS-Education Appropriations Bill prohibits modifications to NIH’s indirect costs.

    “This change to NIH’s indirect cost rate represents an indiscriminate funding cut that will be nothing short of catastrophic for the lifesaving research that patients and families are counting on. The administration’s new policy means that research will come to a halt, sick kids may not get the treatment they need, and clinical trials may shut down abruptly,” the senators wrote.

    The senators point out that, in addition to the stifling impact on discovering new cures and ripping away treatment from those who need it, changes to NIH policy and communications threaten jobs in all 50 states and the District of Columbia. NIH research supported more than 1,400 jobs and spurred nearly $290 million in new economic activity in New Mexico during Fiscal Year 2023.

    “The Trump Administration has left researchers, universities, and health systems with great uncertainty about whether they can continue to support entire research programs and patient clinical trials across the country. Institutions and grantees nationwide are dealing with an unprecedented external communications ‘pause’ enacted by new leadership at the U.S. Department of Health and Human Services, the lack of transparency regarding the Administration’s illegal funding freeze, and the uncertainty of how new Executive Orders would be applied to their critical work. These actions resulted in NIH freezing grant reviews and cancelling advisory meetings, delaying critical funding that scientists need to continue advancing new cures and treatments. These disruptions do not just slow research — they cost lives,” the senators continued.

    “Our standing as a world leader in funding and producing new medical and scientific innovations has been put at risk by these recent actions from the Trump Administration. We urge you to stop playing political games with the lifesaving work of the NIH and to allow NIH research to continue uninterrupted,” the senators concluded.

    Last week, a federal judge in Boston temporarily blocked the NIH rate cut and set a hearing for February 21st.

    The letter was led by U.S. Senator Patty Murray (D-Wash.). Alongside Heinrich and Luján, the letter was signed by U.S. Senators Angela Alsobrooks (D-Md.), Tammy Baldwin (D-Wis.), Michael Bennet (D-Colo.), Richard Blumenthal (D-Conn.), Lisa Blunt Rochester (D-Del.), Cory Booker (D-N.J.), Maria Cantwell (D-Wash.), Chris Coons (D-Del.), Catherine Cortez Masto (D-Nev.), Tammy Duckworth (D-Ill.), Dick Durbin (D-Ill.), John Fetterman (D-Pa.), Ruben Gallego (D-Ariz.), Kirsten Gillibrand (D-N.Y.), Maggie Hassan (D-N.H.), John Hickenlooper (D-Colo.), Mazie Hirono (D-Hawaii), Tim Kaine (D-Va.), Mark Kelly (D-Ariz.), Andy Kim (D-N.J.), Angus King (I-Maine), Amy Klobuchar (D-Minn.), Ed Markey (D-Mass.), Jeff Merkley (D-Ore.), Chris Murphy (D-Conn.), Jon Ossoff (D-Ga.), Alex Padilla (D-Calif.), Gary Peters (D-Mich.), Jack Reed (D-R.I.), Jacky Rosen (D-Nev.), Bernie Sanders (I-Vt.), Brian Schatz (D-Hawaii), Adam Schiff (D-Calif.), Chuck Schumer (D-N.Y.), Jeanne Shaheen (D-N.H.), Elissa Slotkin (D-Mich.), Tina Smith (D-Minn.), Chris Van Hollen (D-Md.), Mark Warner (D-Va.), Raphael Warnock (D-Ga.), Elizabeth Warren (D-Mass.), Peter Welch (D-Vt.), Sheldon Whitehouse (D-R.I.), and Ron Wyden (D-Ore.).

    The text of the letter is here and below:

    Dear Secretary Kennedy,

    We write to express our serious concern with the Trump Administration’s recent decisions that threaten to undermine the nation’s biomedical research infrastructure and set us back generations. The steps the Trump Administration has taken will create a serious funding shortfall for research institutions nationwide, threaten to undermine progress on lifesaving scientific advancements, could cost the U.S. economy billions of dollars, and threaten the livelihoods of hundreds of thousands of workers. 

    As the largest public funder of biomedical research in the world, NIH plays a critical role in sustaining the research infrastructure necessary for scientific breakthroughs in cancer treatment, infectious disease prevention, and medical technology innovation, among many others. President Trump has wreaked havoc on the nation’s biomedical research system in recent weeks. In his first several days in office, President Trump imposed a hiring freeze, communications freeze, ban on travel, and cancellation of grant review and advisory panels that are necessary to advance research. While some of these efforts have been reversed, they continue to cause confusion and miscommunication among researchers and recipients of NIH funds.

    Just last week, NIH announced an illegal plan to cap indirect cost rates that research institutions rely on. In capping indirect cost rates at 15 percent for NIH-funded grants, this policy would cut funding essential for conducting research, such as operating and maintaining laboratories, equipment, and research facilities. This change to NIH’s indirect cost rate represents an indiscriminate funding cut that will be nothing short of catastrophic for the lifesaving research that patients and families are counting on. The Administration’s new policy means that research will come to a halt, sick kids may not get the treatment they need, and clinical trials may shut down abruptly.

    These confusing and harmful policy changes threaten patient safety. The strength of the American research enterprise – recognized as the best in the world – is built on Congress’ bipartisan commitment to supporting essential research infrastructure. This funding, which Congress has long appropriated on a bipartisan basis, fuels groundbreaking medical discoveries and cements the United States’ position as the global leader in biomedical research.

    In addition to the stifling impact on discovering new cures and ripping away treatment from those who need it, changes to NIH policy and communications threaten jobs in all 50 states and the District of Columbia, with everyone from custodians, to research trainees, to scientists facing potential layoffs. NIH research supported more than 412,000 jobs and fueled nearly $93 billion in new economic activity in Fiscal Year 2023. Every dollar the NIH invests in research generates almost $2.50 in economic activity. These reckless policy changes not only threaten biomedical innovation and research, but also the livelihoods of thousands of workers in every state across the nation.

    The Trump Administration has left researchers, universities, and health systems with great uncertainty about whether they can continue to support entire research programs and patient clinical trials across the country. Institutions and grantees nationwide are dealing with an unprecedented external communications “pause” enacted by new leadership at the U.S. Department of Health and Human Services, the lack of transparency regarding the Administration’s illegal funding freeze, and the uncertainty of how new Executive Orders would be applied to their critical work. These actions resulted in NIH freezing grant reviews and cancelling advisory meetings, delaying critical funding that scientists need to continue advancing new cures and treatments. These disruptions do not just slow research – they cost lives.

    The NIH plays a critical role in our nation’s efforts to fund scientific advancements that improve health and save lives. Our standing as a world leader in funding and producing new medical and scientific innovations has been put at risk by these recent actions from the Trump Administration. We urge you to stop playing political games with the lifesaving work of the NIH and to allow NIH research to continue uninterrupted.

    Sincerely,

    MIL OSI USA News –

    February 19, 2025
  • MIL-OSI New Zealand: Have your say on proposed updates to Cemetery and Crematoria Bylaw

    Source: Auckland Council

    You can now have your say on proposed updates to Auckland Council’s Cemetery and Crematoria Bylaw. These changes follow a statutory review of the bylaw and will not impact the day-to-day running of Auckland’s public cemeteries.  

    Auckland Council looks after more than 50 cemeteries in Tāmaki Makaurau, including North Shore Memorial Park, Waikumete Cemetery and Manukau Memorial Gardens.  Each offers a peaceful place to honour and remember loved ones, while catering to the customs and traditions of the diverse communities of Tāmaki Makaurau. 

    Councillor Josephine Bartley, chair of the Regulatory and Safety Committee explains a bylaw is one tool the council uses to help keep public cemeteries and crematoria safe and serving Aucklanders effectively. 

    “Our cemeteries are special places, and they deserve to be treated with care and respect. That’s why we have a bylaw in place and a dedicated, thoughtful team managing them,” she says. 

    The Cemeteries and Crematoria Bylaw sets out how our cemeteries operate on a daily basis, taking into consideration the cultural, physical and social needs of those who use them. It is supported by a code of practice.  

    Like all bylaws, there is a legal requirement to review it every few years to ensure it continues to work for Aucklanders. 

    Following our statutory review, council staff recommend keeping the rules we have now. This means there are no changes proposed to how Auckland’s cemeteries run on a day-to-day basis, and no change to the rules for Aucklanders. 

    However, the review found some duplicated and outdated information in the code of practice. To make the bylaw clearer and easier to understand, we propose to move most rules in the code of practice to the bylaw, so they are in one place. 

    These proposed changes will not impact the rules for Aucklanders, they will just tidy up the bylaw so it is clearer. Changes like this can only be made through a statutory review of the bylaw. 

    “Council staff carried out the legally required review of this bylaw in 2024 and found it to be working well. Therefore, we propose for the rules to stay the same,” says Cr Bartley. 

    “While the changes being proposed are administrative, we want to hear from Aucklanders whenever we make changes to our bylaws – no matter how small. It’s important these local rules work for our communities, and now is the perfect time to share your thoughts if this matters to you” she says.   

    You can have your say on the proposed changes to the Cemeteries and Crematoria Bylaw on the Have Your Say website. The consultation closes on Sunday 23 February. 

    MIL OSI New Zealand News –

    February 19, 2025
  • MIL-OSI Economics: Secretary-General of ASEAN delivers remarks at ASEAN Energy Reception 2025

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, this evening delivered remarks at the ASEAN Energy Reception 2025, where he welcomed the new Executive Director of the ASEAN Centre for Energy (ACE), Dato’ Ir. Ts. Abdul Razib Dawood, as well as key partners, stakeholders and esteemed guests. Dr. Kao also underscored the importance of unlocking ASEAN’s vast energy potential, especially in constructing a more resilient and sustainable energy ecosystem, and reaffirmed ASEAN’s commitment to advancing energy security, sustainability, and connectivity in the region.

    Download the full remarks here.

    The post Secretary-General of ASEAN delivers remarks at ASEAN Energy Reception 2025 appeared first on ASEAN Main Portal.

    MIL OSI Economics –

    February 19, 2025
  • MIL-Evening Report: Loss of forests brought new birds to NZ during the last Ice Age – we’re witnessing a similar process now

    Source: The Conversation (Au and NZ) – By Pascale Lubbe, Postdoctoral Research Fellow in Molecular Ecology, University of Otago

    Royal spoonbills are among several new species that have crossed the Tasman and naturalised in New Zealand. JJ Harrison/Wikimedia Commons, CC BY-SA

    When people arrived on the shores of Aotearoa New Zealand and began to turn the land to their needs, they set in motion great changes.

    The landscape of today bears little resemblance to that of a mere thousand years ago. More than 70% of forest cover has been lost since human arrival. Native bush has been replaced by tussocks, scrublands and, most of all, open agricultural land.

    These changes affected our birdlife dramatically. Some species, like the moa, were simply hunted to extinction. Others fell directly to mammalian predators. Many species were victims of severe habitat destruction. The loss of suitable habitat remains a key conservation challenge to this day.

    However, a changing distribution of plants is not a uniquely modern feature. New Zealand has seen equally radical shifts in habitat before – during the Ice Age, which lasted 2.6 million years and ended about 12,000 years ago.


    This reconstruction shows the extend of glaciers during the height of the last Ice Age some 20,000 years ago.
    Shulmeister et al, 2019, CC BY-SA

    At its height, parts of the country were up to 6°C colder than today, and glacial ice sheets spread wide fingers across the Southern Alps. The dry, cold climate resulted in widespread grass and scrubland. Forest cover became patchy everywhere except for the northern North Island.

    Our new research tracks how bird life responded to these changes – in particular how exotic species took advantage of the shifting landscapes to make New Zealand home.

    Ice Age invaders

    Native birds responded to the Ice Age in a variety of ways. Kiwi populations became so isolated in forest patches they split into new lineages. Several moa species moved across the landscape, following their shifting habitat.

    Some groups adapted, spreading into novel environments. Kea split off from their relatives the kākā, becoming more generalised. This is known as in situ adaptation; an existing group changing its habits or character to deal with new environments.

    But where new ecological opportunities arise, species from elsewhere will also come to take advantage of them. Our research uncovers a pulse of colonisation by exotic bird species that coincides with the reduction of forest cover and the expansion of grasslands at the start of the Ice Age some 2.6 million years ago.

    Many endemic New Zealand birds belong to young lineages that date back to landscape changes during the last Ice Age.
    Wikimedia Commons, Te Papa by Paul Martinson, CC BY-SA

    These species were primarily generalists, able to take advantage of a variety of habitats. But there was also an influx of birds pre-adapted to more open conditions, such as the ancestors of Haast’s eagle, pūtangitangi (paradise shelduck) and pīhoihoi (pipit).

    Where did these “invaders” come from? Principally, from Australia. For millions of years, they have ridden the winds across the Tasman Sea and, occasionally, established breeding colonies on our shores.

    Over a long enough time, those new populations evolved to become distinct, endemic New Zealand species found nowhere else on earth. Pīwakawaka (fantail), ruru (morepork), weweia (dabchick) and kakī (black stilt), to name a few, are all descended from Ice Age Australian ancestors.

    They arrived in a New Zealand characterised by scrub, tussock and grass during cold glacial periods, followed by slowly expanding forests during warmer interglacials.

    History repeats itself

    Today, open vistas once again dominate the landscape. This time they were sculpted by humans rather than a cooling climate. The changing environment means new ecological opportunities – and vacancies – have been left by the great number of species that have gone extinct.


    The open landscapes of today mirror the impacts of the Ice Age. Forest cover is reduced, grass and scrub cover the North and South islands.
    Lubbe et al, 2025, CC BY-SA

    Correspondingly, many new species have naturalised on our shores. Welcome swallows, royal spoonbills, Australian coots, spur winged plovers and white-faced herons started making their home here during the 1930s to 50s.

    Silvereyes have been here longer, first reported during the 1850s, while glossy ibis and barn owl only started breeding here this century. All likely flew across the Tasman to settle here.

    Some arrivals seem to serve as ecological replacements of a kind. The kāhu (swamp harrier) is a stand-in for the now-extinct Eyles’ harrier and Haast’s eagle. The poaka (pied stilt) is a common sight where kakī once dominated. And Australian coots proliferate where New Zealand coots once waded.

    Native habitats for native birds

    These birds are following ancient patterns and processes. Where new opportunities appear, new organisms will rise to fill them. Our highly modified ecosystems are responding in the only way open to them, with exotic species expanding their range to take advantage of empty ecological niches – job vacancies in the ecosystem.

    Indeed, these invasions are likely to become more frequent as species distributions shift in a warming climate. As our native species decline under threats of habitat loss and predation by mammalian pests, they will be ecologically replaced by other species.

    Left to their own devices, Aotearoa’s plants and animals will look different in the future. The unique species that have called these islands home for millions of years will increasingly be replaced by more generalist species from elsewhere.

    The good news is that in predator-free native bush, endemic birds can outcompete introduced species.

    The route to protecting our native species in a fast changing world remains as clear as ever – protect and restore native habitat and eradicate mammalian predators.

    Pascale Lubbe currently receives funding from the Marsden Fund.

    Michael Knapp has received funding from The Royal Society of New Zealand (Rutherford Discovery Fellowship).

    Nic Rawlence receives funding from the Marsden Fund.

    – ref. Loss of forests brought new birds to NZ during the last Ice Age – we’re witnessing a similar process now – https://theconversation.com/loss-of-forests-brought-new-birds-to-nz-during-the-last-ice-age-were-witnessing-a-similar-process-now-248523

    MIL OSI Analysis – EveningReport.nz –

    February 19, 2025
  • MIL-OSI USA: Heinrich, Luján Raise Alarm Over Trump Admin Pushing Illegal Funding Cuts to NIH & Derailing Lifesaving Research

    US Senate News:

    Source: US Senator for New Mexico Ben Ray Luján

    New Mexico receives $125 million in NIH funding that supports over 1,400 jobs and generates nearly $290 million in economic activity

    Heinrich and Luján: “The administration’s new policy means that research will come to a halt, sick kids may not get the treatment they need, and clinical trials may shut down abruptly”

    Washington, D.C. – U.S. Senators Martin Heinrich (D-N.M.) and Ben Ray Luján (D-NM), alongside 45 Senate Democrats, sent a letter to U.S. Department of Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr. expressing serious concern over the Trump administration’s recent decisions that threaten to create a serious funding shortfall for research institutions in New Mexico, undermine progress on lifesaving scientific advancements, jeopardize the U.S. economy, and endanger the livelihoods of hundreds of thousands of workers. 

    “As the largest public funder of biomedical research in the world, the National Institutes of Health (NIH) plays a critical role in sustaining the research infrastructure necessary for scientific breakthroughs in cancer treatment, infectious disease prevention, and medical technology innovation, among many others. President Trump has wreaked havoc on the nation’s biomedical research system in recent weeks. In his first several days in office, President Trump imposed a hiring freeze, communications freeze, ban on travel, and cancellation of grant review and advisory panels that are necessary to advance research. While some of these efforts have been reversed, they continue to cause confusion and miscommunication among researchers and recipients of NIH funds,” the senators wrote.

    This month, the NIH announced it would set the maximum reimbursement rate for indirect costs to 15% — creating a serious funding shortfall for research institutions of all types across the country. This move would dismantle the biomedical research system, stifle the development of new cures for diseases, and affect ongoing research important to New Mexicans such as clinical trial research at the University of New Mexico.

    Importantly, this change is not a cost savings. It a cost transfer to organizations that cannot afford to pay the difference. This action by the Trump administration is unlawful — Congress’ bipartisan Labor-HHS-Education Appropriations Bill prohibits modifications to NIH’s indirect costs.

    “This change to NIH’s indirect cost rate represents an indiscriminate funding cut that will be nothing short of catastrophic for the lifesaving research that patients and families are counting on. The administration’s new policy means that research will come to a halt, sick kids may not get the treatment they need, and clinical trials may shut down abruptly,” the senators wrote.

    The senators point out that, in addition to the stifling impact on discovering new cures and ripping away treatment from those who need it, changes to NIH policy and communications threaten jobs in all 50 states and the District of Columbia. NIH research supported more than 1,400 jobs and spurred nearly $290 million in new economic activity in New Mexico during Fiscal Year 2023.

    “The Trump Administration has left researchers, universities, and health systems with great uncertainty about whether they can continue to support entire research programs and patient clinical trials across the country. Institutions and grantees nationwide are dealing with an unprecedented external communications ‘pause’ enacted by new leadership at the U.S. Department of Health and Human Services, the lack of transparency regarding the Administration’s illegal funding freeze, and the uncertainty of how new Executive Orders would be applied to their critical work. These actions resulted in NIH freezing grant reviews and cancelling advisory meetings, delaying critical funding that scientists need to continue advancing new cures and treatments. These disruptions do not just slow research — they cost lives,” the senators continued.

    “Our standing as a world leader in funding and producing new medical and scientific innovations has been put at risk by these recent actions from the Trump Administration. We urge you to stop playing political games with the lifesaving work of the NIH and to allow NIH research to continue uninterrupted,” the senators concluded.

    Last week, a federal judge in Boston temporarily blocked the NIH rate cut and set a hearing for February 21st.

    The letter was led by U.S. Senator Patty Murray (D-Wash.). Alongside Heinrich and Luján, the letter was signed by U.S. Senators Angela Alsobrooks (D-Md.), Tammy Baldwin (D-Wis.), Michael Bennet (D-Colo.), Richard Blumenthal (D-Conn.), Lisa Blunt Rochester (D-Del.), Cory Booker (D-N.J.), Maria Cantwell (D-Wash.), Chris Coons (D-Del.), Catherine Cortez Masto (D-Nev.), Tammy Duckworth (D-Ill.), Dick Durbin (D-Ill.), John Fetterman (D-Pa.), Ruben Gallego (D-Ariz.), Kirsten Gillibrand (D-N.Y.), Maggie Hassan (D-N.H.), John Hickenlooper (D-Colo.), Mazie Hirono (D-Hawaii), Tim Kaine (D-Va.), Mark Kelly (D-Ariz.), Andy Kim (D-N.J.), Angus King (I-Maine), Amy Klobuchar (D-Minn.), Ed Markey (D-Mass.), Jeff Merkley (D-Ore.), Chris Murphy (D-Conn.), Jon Ossoff (D-Ga.), Alex Padilla (D-Calif.), Gary Peters (D-Mich.), Jack Reed (D-R.I.), Jacky Rosen (D-Nev.), Bernie Sanders (I-Vt.), Brian Schatz (D-Hawaii), Adam Schiff (D-Calif.), Chuck Schumer (D-N.Y.), Jeanne Shaheen (D-N.H.), Elissa Slotkin (D-Mich.), Tina Smith (D-Minn.), Chris Van Hollen (D-Md.), Mark Warner (D-Va.), Raphael Warnock (D-Ga.), Elizabeth Warren (D-Mass.), Peter Welch (D-Vt.), Sheldon Whitehouse (D-R.I.), and Ron Wyden (D-Ore.).

    The text of the letter is here and below:

    Dear Secretary Kennedy,

    We write to express our serious concern with the Trump Administration’s recent decisions that threaten to undermine the nation’s biomedical research infrastructure and set us back generations. The steps the Trump Administration has taken will create a serious funding shortfall for research institutions nationwide, threaten to undermine progress on lifesaving scientific advancements, could cost the U.S. economy billions of dollars, and threaten the livelihoods of hundreds of thousands of workers. 

    As the largest public funder of biomedical research in the world, NIH plays a critical role in sustaining the research infrastructure necessary for scientific breakthroughs in cancer treatment, infectious disease prevention, and medical technology innovation, among many others. President Trump has wreaked havoc on the nation’s biomedical research system in recent weeks. In his first several days in office, President Trump imposed a hiring freeze, communications freeze, ban on travel, and cancellation of grant review and advisory panels that are necessary to advance research. While some of these efforts have been reversed, they continue to cause confusion and miscommunication among researchers and recipients of NIH funds.

    Just last week, NIH announced an illegal plan to cap indirect cost rates that research institutions rely on. In capping indirect cost rates at 15 percent for NIH-funded grants, this policy would cut funding essential for conducting research, such as operating and maintaining laboratories, equipment, and research facilities. This change to NIH’s indirect cost rate represents an indiscriminate funding cut that will be nothing short of catastrophic for the lifesaving research that patients and families are counting on. The Administration’s new policy means that research will come to a halt, sick kids may not get the treatment they need, and clinical trials may shut down abruptly.

    These confusing and harmful policy changes threaten patient safety. The strength of the American research enterprise – recognized as the best in the world – is built on Congress’ bipartisan commitment to supporting essential research infrastructure. This funding, which Congress has long appropriated on a bipartisan basis, fuels groundbreaking medical discoveries and cements the United States’ position as the global leader in biomedical research.

    In addition to the stifling impact on discovering new cures and ripping away treatment from those who need it, changes to NIH policy and communications threaten jobs in all 50 states and the District of Columbia, with everyone from custodians, to research trainees, to scientists facing potential layoffs. NIH research supported more than 412,000 jobs and fueled nearly $93 billion in new economic activity in Fiscal Year 2023. Every dollar the NIH invests in research generates almost $2.50 in economic activity. These reckless policy changes not only threaten biomedical innovation and research, but also the livelihoods of thousands of workers in every state across the nation.

    The Trump Administration has left researchers, universities, and health systems with great uncertainty about whether they can continue to support entire research programs and patient clinical trials across the country. Institutions and grantees nationwide are dealing with an unprecedented external communications “pause” enacted by new leadership at the U.S. Department of Health and Human Services, the lack of transparency regarding the Administration’s illegal funding freeze, and the uncertainty of how new Executive Orders would be applied to their critical work. These actions resulted in NIH freezing grant reviews and cancelling advisory meetings, delaying critical funding that scientists need to continue advancing new cures and treatments. These disruptions do not just slow research – they cost lives.

    The NIH plays a critical role in our nation’s efforts to fund scientific advancements that improve health and save lives. Our standing as a world leader in funding and producing new medical and scientific innovations has been put at risk by these recent actions from the Trump Administration. We urge you to stop playing political games with the lifesaving work of the NIH and to allow NIH research to continue uninterrupted.

    Sincerely,

    MIL OSI USA News –

    February 19, 2025
  • MIL-OSI New Zealand: Going for growth to boost farmer confidence

    Source: New Zealand Government

    The Government is turbo charging growth to return confidence to the primary sector through common sense policies that are driving productivity and farm-gate returns, Agriculture Minister Todd McClay announced today. 

    “The latest Federated Farmers Farm Confidence Survey highlights strong momentum across the sector and the Government’s firm commitment to back rural New Zealand, with farmer confidence surging by 68 points since July 2024 – the largest one-off improvement in sentiment since the question was introduced,” Mr McClay says.

    “With the primary sector generating more than 80 per cent of New Zealand’s goods exports directly employing more than 359,000 Kiwis, ensuring its continued success is crucial to every Kiwi’s economic future.

    “That’s why last year we took over 20 actions to slash red tape and free up farming, unwinding the damage done by the previous government. 

    “And we’re not stopping there. This year we are going for growth and will deliver on further actions that will support the long-term success of the rural sector. We are focused on four key themes:

    • Slashing regulatory burden – replacing the NPS for freshwater, reforming   the resource management system, removing barriers to vegetable growing, improving the freshwater farm plan system, continuing to reduce duplication and simplify the regulations in place for farmers and growers.
    • Accelerating Innovation and Productivity – improving access and adoption of new technologies and world-class innovations, driving more permissive regulatory conditions that allow for productivity growth and profit for landowners.
    • Enabling infrastructure and trade – Facilitating water storage solutions to build resilience against drought and the opportunity of diversification, remove trade barriers and support supply chains, grow greater access to investment capital and risk management. 
    • Strengthening support for rural communities, improving access to essential services and infrastructure, strengthening local support networks, catchment groups and rural leadership capabilities.

    “These next steps are part of a broader vision for a thriving primary sector that continues to drive economic growth while delivering high-quality, safe produce. We are committed to growing the primary sector, and we won’t be shutting down farms or sending jobs and production overseas.

    “The positive momentum we are seeing now is just the beginning. The Government will continue delivering for rural communities — ensuring they remain at the heart of New Zealand’s economic success,” Mr McClay says.

    MIL OSI New Zealand News –

    February 19, 2025
  • MIL-OSI USA: Barr, Artificial Intelligence: Hypothetical Scenarios for the Future

    Source: US State of New York Federal Reserve

    Advances in artificial intelligence (AI) have accelerated rapidly over the past few years.1 It is now commonplace to see autonomous vehicles navigating city streets, and generative AI tools are available on phones and other devices wherever we go. AI innovations make headlines and play a big role in financial markets, and generative AI has the potential to change how we think about productivity, labor markets and the macroeconomy.2 Today, I will address that question by outlining two hypothetical scenarios for AI’s impact and the implications for businesses, regulators, and society. I will focus my comments on Generative AI, or GenAI, a subset of AI that has seen significant growth and integration into economic activity in just a few short years.
    GenAI and Its AdoptionCompared to earlier iterations of AI, GenAI is able to generate content, which allows it to significantly enhance productivity across a range of knowledge-based activities and be used by people without coding skills. GenAI will likely become a “general purpose technology,” with widespread adoption, continuous improvement, and productivity enhancements to a wide range of sectors across the economy. We are already seeing GenAI improve the productivity of its own R&D.3 There is widespread enthusiasm for GenAI, and survey evidence shows much faster rates of consumer adoption of GenAI already than were seen for the personal computer or the internet.4 While actual deployment of GenAI is limited to some business functions, and there have been pitfalls along the way, businesses in almost every sector are experimenting with or considering how to make use of the technology.5
    Firms are also exploring Agentic AI—Gen AI systems that not only produce new content, but are also able to proactively pursue goals by generating innovative solutions and acting upon them at speed and scale.6 Imagining Agentic AI’s ultimate application, some speculate that we could experience a “country of geniuses in a data center”—a collective intelligence that surpasses human capabilities in problem-solving and collaboration.7 Some believe Agentic AI has the potential to connect ideas in disparate domains, potentially transforming research and development and society more broadly.8
    Hypothetical Scenarios Considering How GenAI Could EvolveToday, I will outline two hypothetical scenarios for considering how GenAI could evolve.9 In one, we see only incremental adoption that primarily augments what humans do today, but still leads to widespread productivity gains. In the other, we see transformative change where we extend human capabilities with far-reaching consequences. For each scenario, I consider the potential implications for the economy and financial sector.
    Thinking through hypothetical scenarios can help widen our lens to a range of possible outcomes and provide a framework for assessing the balance between benefits and risks. Scenarios are not predictions of the future, but provide a framework for analyzing the factors that could lead to different outcomes. Reality is complex. GenAI adoption rates will vary across industries, leading to diverse impacts on market structures. Elements of both scenarios will likely come to pass, and play out at different rates, which will influence the effects on the economy and society. In the short term, GenAI may be overhyped, while in the long run, it may be underappreciated. And, of course, things might turn out differently from these hypotheticals.
    Hypothetical 1: Incremental Progress with Widespread Productivity GainsFirst, let me begin with the incremental scenario, where GenAI primarily augments work in existing processes and leads to steady and widespread productivity gains, but does not fundamentally unlock new capabilities or transform the economy.
    In this state of the world, GenAI tools enhance efficiency and enable more personalized solutions across industries, in ways that have incremental—but still meaningful—effects on people’s lives. For instance, in customer service, professional writing—but not this speech—and software engineering, GenAI-powered tools are already supporting workers, improving accuracy and speed, and these effects could spread to other sectors.10 In this world, health care sees significant improvements as GenAI reduces administrative burdens, assists with diagnostics, and personalizes treatment plans based on real-time patient data. Medicines and other treatments are developed at a faster pace.11 Education is similarly affected, as GenAI alleviates administrative tasks for teachers, allows lessons to be tailored to individual students, and permits students to learn by doing.12 In manufacturing, GenAI-optimized supply chains anticipate and adjust more quickly to disruptions, and current manufacturing processes are refined through virtual iteration.13 In materials science, GenAI-driven experimentation accelerates the discovery of new materials, leading to advances in everything from construction to electronics.14 Turning to the financial sector, we could see similar productivity gains. Community banks leverage GenAI-powered chatbots to provide customized financial advice rooted in local knowledge, while institutions of all sizes continue to advance use of GenAI for compliance monitoring, fraud detection, risk management, and document analysis.15
    The impact to society would be incrementally positive in this state of the world. Humans would use GenAI as a tool to deliver goods and services that we currently produce in a more efficient way. Productivity would go up. The economy would grow at a faster pace.16
    What does this mean for the labor force? The impact will depend on the industry and the nature of the job. GenAI experiments suggest the technology holds the promise of levelling up skills and bringing productivity of lower-performing workers into line with higher performing workers.17 In other cases, it could augment the highest performers, leaving them more time for creativity or strategic aspects of their roles. Increasing automation for certain tasks may displace some workers, where certain skills can be replicated by GenAI. Historically, as technology has replaced some jobs, it has augmented existing roles or created new ones.18 However, this is not to downplay the individual cost for workers who need to retrain, find other employment, or change careers in response to major changes in labor demand. Society will need to account for these possible effects of AI.
    What does this mean for the economy? As I noted before, the economy should grow, if the incremental productivity gains are widespread. However, in this scenario, it is possible that the expected value creation from GenAI was overhyped, anticipating transformative breakthroughs rather than incremental productivity gains. This could trigger market corrections for the firms that have heavily invested in this technology if reality doesn’t measure up to expectations. While the U.S. economy experienced a surge of productivity growth during the dot.com boom in the late 1990s, it was followed by a wave of bankruptcies, capital overhang, and a cautious business investment climate.19 The effects of the ensuing recession were widespread.
    What does this mean for financial stability and other financial risks? In this incremental scenario, GenAI may magnify both the vulnerabilities and sources of resilience that already exist in the system. Attractive trades become more crowded, but risk managers gain new insights.20 Malicious actors gain new tools, but cyber defenders become better armed. So long as financial regulators, enterprise risk managers, and others charged with managing downside risks prioritize efforts to keep pace with the evolving financial ecosystem, there’s nothing to suggest a wholesale transformation of the balance of risks. Of course, keeping pace will pose challenges, and it’s important that we all focus on the need to meet these risks.
    Hypothetical Scenario 2: Transformative ChangeNow, let’s consider a more dramatic hypothetical scenario, in which GenAI adoption extends beyond improving on what we currently do, and provides new expertise and capabilities that have transformative effects on the economy and society. In this scenario, humans deploy their imagination and creativity—combined with robust investment in research and development—to deploy intelligent GenAI systems to make rapid breakthroughs in, for example, biotechnology, robotics, and energy, fundamentally reshaping existing industries and creating new ones. In this instance, to focus the mind, we can think of GenAI as no longer only a tool for scientists to analyze data—in a sense, it becomes the scientist, directing the research.21
    For instance, let’s say that GenAI applications in health care do not simply improve how we currently deliver care, but also enable therapies that target genetic mutations and cure diseases previously considered incurable.22 Similarly, manufacturing evolves to create GenAI-driven robotic factories, with goods produced with new materials and atomic precision.23 Materials science is transformed through the discovery of programmable materials and self-healing substances, all of which reshape construction, technology, and consumer goods.24 Meanwhile, GenAI optimizes fusion energy research, expediting the shift to sustainable energy sources.25 And GenAI helps to create the next generation of quantum computing.26 In that way, GenAI improves its own energy sources and computing capabilities, enabling it to become a more powerful creative tool.27
    Finance also looks radically different than it does today. Individuals with access to hyper-personalized financial planning and businesses with innovative products and services seamlessly connect with one another through near-frictionless or novel forms of financial intermediation.28 Trading strategies and risk-management practices are boosted by greater GenAI-based analytic tools that have dynamic real-time access to an enormous knowledge base in both the public and private domains.29
    Although this transformative scenario is more speculative and is accompanied by a far greater degree of uncertainty than the first, it is important to consider given the extraordinary opportunities for human advancement and welfare that could arise, even if just one of its transformative components were to come to fruition. We would need to fundamentally reimagine how the economy is structured.
    What are the impacts on the labor force, in a world where GenAI’s capabilities extend beyond what humans can accomplish today? Humans may have a role to manage multi-agent GenAI frameworks, or fill gaps where GenAI solutions remain expensive or inefficient for some applications. But this is a world where some workers may see their current jobs disappearing. It is also a world in which they may see their own work transformed and have many more choices about the work they do. The nature of labor would radically change, and this will require us to have broader conversations about how to organize the economy. These conversations should wrestle with how to navigate major economic shifts in a way that recognizes the impact on the human condition, and the extent to which people derive their communities, friendships, personal sense of meaning and dignity from their work.
    What about the competitive landscape? There is probably a greater likelihood that rewards for businesses would be distributed more unevenly at first, as significant breakthroughs with far-reaching ramifications may benefit a subset of firms and industries and concentrate economic power in firms that control GenAI breakthroughs. If only a handful of firms have the ability to accomplish the incredible things I’ve mentioned above, they may dominate markets and crowd out competitors. To the extent that GenAI becomes broadly effective, widely available, and cheap, these market advantages could lessen over time if the right regulatory environment supports competitive market dynamics.30 But history suggests caution in this regard; a handful of players may dominate.31
    And finally, for finance, we should anticipate fundamental changes in this scenario. When it’s working well, the financial system helps move money and risk through time and space.32 To the extent there are fundamental changes to how the economy is organized, we could need a new set of institutions, markets, and products to facilitate transactions among households, businesses, and GenAI agents.
    What Should We Do?Among the many ways in which we can help to harness the potential benefits of GenAI and minimize its risks, I will highlight only a couple today.
    Financial institutions, and the Federal Reserve System, should consider investing sufficient resources in understanding GenAI technology, incorporating it into their workflows where appropriate, and training staff on how to use the technology responsibly and effectively.33 Meanwhile, the financial regulatory community should approach the changing landscape with agility and flexibility. And beyond the financial sector, collaboration between governments, private industry, and research institutions will be critical to ensure that GenAI systems are not weaponized in catastrophic ways. We should continue to focus on responsible AI research and development and implement safeguards against misuse, including monitoring systems, standards for secure AI system development, and agreement on red lines for acceptable use cases.34 We should be attuned to the impact of GenAI on our economic and political institutions. There’s a risk that it concentrates economic and political power in the hands of the very few and could lead to the gains being realized only by a small group, while the rest are left behind.
    Another thing I want to emphasize is AI governance. I think most would agree that the goal of the technology is to improve the human condition, and to do that, we need to be intentional in advancing that goal. We should make sure that we think about GenAI as enhancing, not replacing, humans, and set up best practices and cultural norms to that end. Every financial institution should recognize the limitations of the technology, explore where and when GenAI belongs in any process, and identify how humans can be best positioned to be in the loop. We should also focus on data quality, and make sure that uses of GenAI do not perpetuate or amplify biases inherent in the data used to train the system or make incorrect inferences to the extent the data is incomplete or nonrepresentative.35 In the realm of regulation, frameworks for understanding model risk may need to be updated to address the complexity and challenges of explaining AI methods and the difficulty of assessing data quality.
    We need to be attuned to the risk in finance. The very attributes that make GenAI attractive—the speed, automaticity, and ability to optimize financial strategies—also present risk.36 When the technology becomes ubiquitous, use of GenAI could lead to herding behavior and the concentration of risk, potentially amplifying market volatility. As GenAI agents will be directed to maximize profit, they may converge on strategies to maximize returns through coordinated market manipulation, potentially fueling asset bubbles and crashes. Speed, automaticity, and ubiquity could generate new risks at wide scale.37
    We also should monitor how introduction of this technology changes the banking landscape. Nonbanks may be more nimble and risk-forward in incorporating GenAI into their operations, which may push intermediation to less-regulated, less transparent corners of the financial sector. In addition, this competitive pressure may push all institutions, including regulated institutions, to take a more aggressive approach to GenAI adoption, heightening the governance, alignment, and financial risks I mentioned before.
    In conclusion, while AI’s impact will vary across industries and the reality is evolving, the scenarios I have outlined today provide a framework to begin thinking about how we should respond to developments in GenAI. However, as I mentioned above, elements of both scenarios will likely be present in the future, and play out at different rates, which will influence the effects on the economy and society. Rapid advances in this technology, such as Agentic AI and advancements in open-source models, underscore just how new this technology is and the importance of understanding what it means for individuals, businesses, and markets. Thank you.

    1. The views expressed here are my own and are not necessarily those of my colleagues on the Federal Reserve Board. Return to text
    2. See, for instance, Lisa D. Cook, “Artificial Intelligence, Big Data, and the Path Ahead for Productivity,” (speech at Technology-Enabled Disruption: Implications of AI, Big Data, and Remote Work Conference, Atlanta, Georgia, October 1, 2024). Return to text
    3. See Gaurav Sett, “How AI Can Automate AI Research and Development,” RAND Commentary, October 24, 2024. Return to text
    4. See Cory Breaux and Emin Dinlersoz, “How Many U.S. Businesses Use Artificial Intelligence?” (Washington: U.S. Census Bureau, November 28, 2023); Alexander Bick, Adam Blandin, and David J. Deming, “The Rapid Adoption of Generative AI,” NBER Working Paper No. 32966 (Cambridge, MA: National Bureau of Economic Research, September 2024, revised February 2025); and Leland Crane, Michael Green, and Paul Soto, “Measuring AI Uptake in the Workplace,” FEDS Notes (Washington: Board of Governors of the Federal Reserve System, February 5, 2025). Return to text
    5. There’s evidence of firms experimenting with these tools and then abandoning them—due to a multitude of reasons. See Kathryn Bonney, Cory Breaux, Cathy Buffington, Emin Dinlersoz, Lucia S. Foster, Nathan Goldschlag, John C. Haltiwanger, Zachary Kroff, and Keith Savage, “Tracking Firm Use of AI in Real Time: A Snapshot from the Business Trends and Outlook Survey,” NBER Working Paper No. 32319 (Cambridge, MA: National Bureau of Economic Research, April 2024). Return to text
    6. For more on Agentic AI’s uses, advantages, and risks, see Mark Purdy, “What Is Agentic AI, and How Will It Change Work?” Harvard Business Review (December 12, 2024). Return to text
    7. See Dario Amodei, “Machines of Loving Grace,” October 2024, https://darioamodei.com/machines-of-loving-grace. Return to text
    8. For biology and drug discovery, see Jean-Philippe Vert, “Unlocking the Mysteries of Complex Biological Systems with Agentic AI,” MIT Technology Review (November 13, 2024), https://www.technologyreview.com/2024/11/13/1106750/unlocking-the-mysteries-of-complex-biological-systems-with-agentic-ai; and “Owkin Announces First Patient Dosed in Phase I AI-Optimized Clinical Trial of OKN4395, a First-in-Class EP2/EP4/DP1 Triple Inhibitor for Patients with Solid Tumors,” Business Wire, January 30, 2025, https://www.businesswire.com/news/home/20250130436779/en/Owkin-Announces-First-Patient-Dosed-in-Phase-I-AI-optimized-Clinical-Trial-of-OKN4395-a-First-in-Class-EP2EP4DP1-Triple-Inhibitor-for-Patients-with-Solid-Tumors. Return to text
    9. Others have used other types of scenarios. See Anton Korinek, “The Economics of Transformative AI,” The Reporter (Cambridge, MA: National Bureau of Economic Research, December 31, 2024); Iñaki Aldasoro, Leonardo Gambacorta, Anton Korinek, Vatsala Shreeti, and Merlin Stein, “Intelligent Financial System: How AI Is Transforming Finance (PDF),” BIS Working Papers No. 1194 (Basel, Switzerland: Bank for International Settlements, June 2024); and Ethan Mollick, Co-Intelligence: Living and Working with AI (New York: Portfolio/Penguin, 2024). Return to text
    10. For worker productivity gains in customer service, see Erik Brynjolfsson, Danielle Li, and Lindsey R. Raymond, “Generative AI at Work,” NBER Working Paper No. 31161 (Cambridge, MA: National Bureau of Economic Research, April 2023, revised November 2023). For GenAI assisted writing gains, see Shakked Noy and Whitney Zhang, “Experimental Evidence on the Productivity Effects of Generative Artificial Intelligence,” Science, vol. 381, no. 6654 (July 2023): 187–92; Jordan Usdan, Allison Connell Pensky, and Harley Chang, “Generative AI’s Impact on Graduate Student Writing Productivity and Quality,” SSRN (August 29, 2024), https://dx.doi.org/10.2139/ssrn.4941022. For software engineering, see Sida Peng, Eirini Kalliamvakou, Peter Cihon, and Mert Demirer, “The Impact of AI on Developer Productivity: Evidence from GitHub Copilot,” arXiv:2302.06590, February 13, 2023; Leonardo Gambacorta, Han Qiu, Shuo Shan, and Daniel M. Rees, “Generative AI and Labour Productivity: A Field Experiment on Coding (PDF),” BIS Working Papers No. 1208 (Basel, Switzerland: Bank for International Settlements, September 2024); Zheyuan (Kevin) Cui, Mert Demirer, Sonia Jaffe, Leon Musolff, Sida Peng, and Tobias Salz, “The Effects of Generative AI on High-Skilled Work: Evidence from Three Field Experiments with Software Developers,” SSRN (September 5, 2024, revised February 10, 2025), https://dx.doi.org/10.2139/ssrn.4945566. For worker gains in the consulting industry, see Fabrizio Dell’Acqua, Edward McFowland III, Ethan Mollick, Hila Lifshitz-Assaf, Katherine C. Kellogg, Saran Rajendran, Lisa Krayer, François Candelon, and Karim R. Lakhani, “Navigating the Jagged Technological Frontier: Field Experimental Evidence of the Effects of AI on Knowledge Worker Productivity and Quality (PDF),” Harvard Business School Working Paper No. 24-013 (September 2023). Return to text
    11. See Ethan Goh, Robert Gallo, Jason Hom, et al., “Large Language Model Influence on Diagnostic Reasoning: A Randomized Clinical Trial,” JAMA Network Open (October 28, 2024), https://jamanetwork.com/journals/jamanetworkopen/fullarticle/2825395; Nikhil Agarwal, Alex Moehring, Pranav Rajpurkar, and Tobias Salz, “Combining Human Expertise with Artificial Intelligence: Experimental Evidence from Radiology,” NBER Working Paper No. 31422 (Cambridge, MA: National Bureau of Economic Research, July 2023, revised March 2024); Ashley Capoot, “Reid Hoffman Enters ‘Wondrous and Terrifying’ World of Health Care with Latest AI Startup,” CNBC, February 2, 2025, https://www.cnbc.com/2025/02/02/reid-hoffman-launches-manas-ai-a-new-drug-discovery-startup.html; Kang Zhang, Xin Yang, Yifei Wang, Yunfang Yu, Niu Huang, Gen Li, Xiaokun Li, Joseph C. Wu, and Shengyong Yang, “Artificial Intelligence in Drug Development,” Nature Medicine, vol. 31 (January 2025): 45–59, https://doi.org/10.1038/s41591-024-03434-4; Qian Liao, Yu Zhang, Ying Chu, Yi Ding, Zhen Liu, Xianyi Zhao, Yizheng Wang, Jie Wan, Yijie Ding, Prayag Tiwari, Quan Zou, and Ke Han, “Application of Artificial Intelligence in Drug-Target Interactions Prediction: A Review,” NPJ Biomedical Innovations, vol. 2, no. 1 (January 2025), https://doi.org/10.1038/s44385-024-00003-9. Return to text
    12. For more on education, see Justin Wolfers, “An Econ Educators Guide to our AI-Powered Future,” Macmillan Learning, EconEd (presentation), September 26, 2024, https://www.macmillanlearning.com/college/us/events/econed; and Anne J. Manning, “Professor Tailored AI Tutor to Physics Course. Engagement Doubled,” Harvard Gazette, September 5, 2024. Return to text
    13. See Maxime C. Cohen and Christopher S. Tang, “The Role of AI in Developing Resilient Supply Chains,” Georgetown Journal of International Affairs (February 5, 2024); and Remko Van Hoek and Mary Lacity, “How Global Companies Use AI to Prevent Supply Chain Disruptions,” Harvard Business Review, November 21, 2023. Return to text
    14. See Sheldon Fernandez, “How Generative AI Can Be Used in Electronics,” Forbes, April 26, 2023, https://www.forbes.com/councils/forbestechcouncil/2023/04/26/how-generative-ai-can-be-used-in-electronics-manufacturing. Return to text
    15. For U.S. financial institutions, see Elizabeth Judd, “How to Balance Human and Machine While Using Chatbots,” Independent Banker, January 1, 2025; and U.S. Department of the Treasury, “Artificial Intelligence in Financial Services (PDF)” (Washington: U.S. Department of the Treasury, December 2024). For foreign financial institutions, see Bank of England and Financial Conduct Authority, “Artificial Intelligence in UK Financial Services—2024” (London: Bank of England and Financial Conduct Authority, November 21, 2024); and Bank of Japan, “Use and Risk Management of Generative AI by Japanese Financial Institutions,” Financial System Report Annex (Tokyo: Bank of Japan, October 29, 2024). For global financial institutions, see OECD, “FSB Roundtable on Artificial Intelligence (AI) in Finance (PDF),” Financial Stability Board, September 30, 2024. Return to text
    16. Lida R. Weinstock and Paul Tierno, “The Macroeconomic Effects of Artificial Intelligence (PDF),” Congressional Research Service, January 28, 2025. Return to text
    17. See Shakked Noy and Whitney Zhang, “Experimental Evidence on the Productivity Effects of Generative Artificial Intelligence,” Science, vol. 381, no. 6654 (July 13, 2023): 187–92; Brynjolfsson et al., “Generative AI at Work” (see footnote 9); and “for software engineering” from footnote 9; Korinek (2024) from footnote 7. Return to text
    18. See David H. Autor, “Why Are There Still So Many Jobs? The History and Future of Workplace Automation,” Journal of Economic Perspectives, vol. 29, no. 3 (Summer 2015): 3–30.See Simona Abis and Laura Veldkamp. Return to text
    19. See Ben S. Bernanke, “Will Business Investment Bounce Back?” (speech at the Forecasters Club, New York, NY, April 24, 2003). Return to text
    20. See Financial Stability Board, The Financial Stability Implications of Artificial Intelligence (Basel, Switzerland: Financial Stability Board, November 14, 2024); and Jon Danielsson and Andreas Uthemann, “How AI Can Undermine Financial Stability,” VoxEU: CEPR, January 22, 2024. Return to text
    21. For some very early examples, see Davide Castelvecchi, “Researchers Built an ‘AI Scientist’—What Can It Do?” Nature, August 30, 2024, https://www.nature.com/articles/d41586-024-02842-3; Daniil A. Boiko, Robert MacKnight, Ben Kline, and Gabe Gomes, “Autonomous Chemical Research with Large Language Models,” Nature, December 20, 2023, https://www.nature.com/articles/s41586-023-06792-0; and Helena Kudiabor, “Virtual Lab Powered by ‘AI Scientists’ Super-Charges Biomedical Research,” Nature, December 4, 2024, https://www.nature.com/articles/d41586-024-01684-3. Return to text
    22. For more on drug discovery and gene therapy, see Betty Zou, “Team Uses AI and Quantum Computing to Target ‘Undruggable’ Cancer Protein,” Phys Org, January 27, 2025; and Mohammad Ghazi Vakili et al., “Quantum-Computing-Enhanced Algorithm Unveils Potential KRAS Inhibitors,” Nature Biotechnology, January 22, 2025, https://www.nature.com/articles/s41587-024-02526-3. Return to text
    23. See NASA Technology Transfer Program, “Robonaut 2: Hazardous Environments (MSC-TOPS-44)”. Return to text
    24. For more on material sciences innovation, see Andy Extance, “First GPT-4-Powered AI Lab Assistant Independently Directs Key Organic Reactions,” Chemistry World, January 8, 2024, https://www.chemistryworld.com/news/first-gpt-4-powered-ai-lab-assistant-independently-directs-key-organic-reactions/4018723.article; Chenyang Liu, Xi Zhang, Jiahui Chang, You Lyu, Jianan Zhao, and Song Qiu, “Programmable Mechanical Metamaterials: Basic Concepts, Types, Construction Strategies—A Review,” Frontiers, vol. 11 (March 19, 2024); Aidan Toner-Rodgers, “Artificial Intelligence, Scientific Discovery, and Product Innovation,” MIT, November 27, 2024, https://aidantr.github.io/files/AI_innovation.pdf; and Thomas Hayes et al., “Simulating 500 Million Years of Evolution with a Language Model,” Science, January 16, 2025. Return to text
    25. See Tan Sui, “AI Could Help Overcome the Hurdles to Making Nuclear Fusion a Practical Energy Source,” The Conversation, January 29, 2025, https://theconversation.com/ai-could-help-overcome-the-hurdles-to-making-nuclear-fusion-a-practical-energy-source-247608; Jaemin Seo, SangKyeun Kim, Azarakhsh Jalalvand, Rory Conlin, Andrew Rothstein, Joseph Abbate, Keith Erickson, Josiah Wai, Ricardo Shousha, and Egemen Kolemen, “Avoiding Fusion Plasma Tearing Instability with Deep Reinforcement Learning,” Nature, vol. 626, February 21, 2024, https://doi.org/10.1038/s41586-024-07024-9; and Massimiliano Lupo Pasini, German Samolyuk, Markus Eisenbach, Jong Youl Choi, Junqi Yin, and Ying Yang, “First-Principles Data for Solid Solution Niobium-Tantalum-Vanadium Alloys with Body-Centered-Cubic Structures,” Nature: Scientific Data, vol. 11, no. 907 (August 22, 2024), https://doi.org/10.1038/s41597-024-03720-3. Return to text
    26. Nakia Melecio, “Exploring the Synergy: Quantum Computing and Generative AI at the Intersection of Innovation,” ScaleUp Lab Program, Enterprise Innovation Institute, Georgia Tech. Return to text
    27. For an example on GenAI and quantum computers, see Rahul Rao, “Quantum Computers Can Now Run Powerful AI That Works like the Brain,” Scientific American, April 22, 2024, https://www.scientificamerican.com/article/quantum-computers-can-run-powerful-ai-that-works-like-the-brain. For an example about AI and clean energy, see Office of Policy, “How AI Can Help Clean Energy Meet Growing Electricity Demand” (Washington: U.S. Department of Energy, August 16, 2024). For examples of how GenAI is augmenting creativity, see Tojin T. Eapen, Daniel J. Finkenstadt, Josh Folk, and Lokesh Venkataswamy, “How Generative AI Can Augment Human Creativity,” Harvard Business Review (July–August 2023); and Anil R. Doshi and Oliver P. Hauser, “Generative AI Enhances Individual Creativity but Reduces the Collective Diversity of Novel Content,” Science Advances, vol. 10, no. 28 (July 12, 2024). Return to text
    28. See Iñaki Aldasoro, Leonardo Gambacorta, Anton Korinek, Vatsala Shreeti, and Merlin Stein, “Intelligent Financial System: How AI Is Transforming Finance (PDF),” BIS Working Papers No. 1194 (Basel, Switzerland: Bank for International Settlements, June 2024); and Sarah Hammer, “From Turing to Trading: How AI Is Revolutionizing Finance,” Finance Centers at the Wharton School, July 10, 2024. Return to text
    29. Large language models may even allow for the creation of synthetic data that allows for enhancing macroeconomic nowcasting and forecasting through economic AI agents that can also help with analyzing macroeconomic trends and contribute to more informed financial decisionmaking. See Anne Lundgaard Hansen, John J. Horton, Sophia Kazinnik, Daniela Puzzello, and Ali Zarifhonarvar, “Simulating the Survey of Professional Forecasters,” SSRN (December 1, 2024), https://dx.doi.org/10.2139/ssrn.5066286. Return to text
    30. Kelly Ng, Brandon Drenon, Tom Gerken, and Marc Cieslak, “DeepSeek: The Chinese AI App That Has the World Talking,” BBC News, February 4, 2025, https://www.bbc.com/news/articles/c5yv5976z9po. Return to text
    31. For example, see IBM Newsroom, “Data Suggests Growth in Enterprise Adoption of AI Is Due to Widespread Deployment by Early Adopters, But Barriers Keep 40% in the Exploration and Experimentation Phases,” IBM, January 10, 2024, https://newsroom.ibm.com/2024-01-10-Data-Suggests-Growth-in-Enterprise-Adoption-of-AI-is-Due-to-Widespread-Deployment-by-Early-Adopters; and Jefferies Editorial Team, “Can Startups Outsmart Big Tech in the AI Race?” Jefferies, September 17, 2024, https://www.jefferies.com/insights/boardroom-intelligence/can-startups-outsmart-big-tech-in-the-ai-race. Return to text
    32. If AI agents proliferate in financial transactions, we will also need to be careful about the potential for unintended consequences such as collusion among AI agents. See Winston Wei Dou, Itay Goldstein, and Yan Ji, “AI-Powered Trading, Algorithmic Collusion, and Price Efficiency,” Jacobs Levy Equity Management Center for Quantitative Financial Research Paper, The Wharton School Research Paper, May 30, 2024, https://dx.doi.org/10.2139/ssrn.4452704. Return to text
    33. See Request for Information on the Development of an Artificial Intelligence (AI) Action Plan, 90 Fed. Reg. 9,088 (PDF) (February 6, 2025). Return to text
    34. See Heather Domin, “AI Governance Trends: How Regulation, Collaboration, and Skills Demand Are Shaping the Industry,” World Economic Forum, September 5, 2024. Return to text
    35. For more on bias introduced in models, see Moshe Glickman and Tali Sharot, “How Human–AI Feedback Loops Alter Human Perceptual, Emotional, and Social Judgements,” Nature Human Behavior, December 18, 2024, https://www.nature.com/articles/s41562-024-02077-2; Saul Asiel Flores, “‘Bias in, Bias out’: Tackling Bias in Medical Artificial Intelligence,” Yale School of Medicine, November 18, 2024; and Adam Zewe, “Researchers Reduce Bias in AI Models While Preserving or Improving Accuracy,” MIT News, December 11, 2024. For governance in central banks, see Claudia Alvarez Toca and Alexandre Tombini, Governance of AI Adoption in Central Banks (PDF) (Basel, Switzerland: Bank for International Settlements, January 2025). Return to text
    36. See, e.g., Michael P. Wellman, “Artificial Intelligence in Financial Services (PDF)” (written testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, September 20, 2023). Return to text
    37. See Jon Danielsson and Andreas Uthemann, “AI Financial Crises,” VoxEU: CEPR, July 26, 2024. For more on algorithm collusion, see Wei Dou et al., “AI-Powered Trading, Algorithmic Collusion, and Price Efficiency” (see footnote 33). Return to text

    MIL OSI USA News –

    February 19, 2025
  • MIL-OSI Global: Cottontail review: how a man’s journey through grief mirrors our search for peace – by an expert in death and grieving

    Source: The Conversation – UK – By Chao Fang, Lecturer in Sociology, Deputy Director of the Centre for Ageing and the Life Course, University of Liverpool

    Cottontail (コットンテール), a newly released Japanese film, tells the touching and relatable story of Kenzaburo (Ken), a man in his late middle age grieving the loss of his wife, Akiko, after a long illness. To honour her dying wish, he embarks on a journey to take her ashes to the Lake District in northern England – a place deeply meaningful to her.

    It was not just the beauty of the landscape that drew her, but also its connection to Peter Rabbit, a character she had loved since childhood and where she had made cherished memories with her parents.

    What begins as a cross-continental trip with his son and family soon unfolds into a deeply personal and solitary quest for Ken. As a husband and father, he struggles to connect with his son, confronting the unspoken emotional walls that make expressing grief so profoundly challenging. Through this journey, Ken seeks not just peace for his loss but also a way to reconcile the past with the present.

    I found Cottontail a beautifully delicate film with a thought-provoking narrative. As an expert in ageing, death and dying, particularly in Japan, I also found its depiction of grief realistic.

    Like Ken, many of us may feel disbelief or denial when facing loss. Memories of our loved ones can wash over us in overwhelming waves, catching us off guard in the most unexpected moments. Whether it’s a familiar scene that evokes a flood of emotions, a conversation with a friend, or even a fleeting dream, the smallest reminders – both joyful and painful – can surface at any time.

    The root of these challenges lies in navigating a world that no longer includes our loved one. Psychiatrist Colin Parkes described bereavement as a psychosocial transition, a profound shift requiring adaptation to a new reality.

    Grief, he suggested, emerges from the breakdown of the world we take for granted, the beliefs and expectations we hold about the future and our plans. When loss occurs, this framework collapses, forcing us to relearn how to live in a world forever changed.


    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.


    Yet, grief is not simply about building a new life without the person we’ve lost.

    Over a century ago, the founder of psychoanalysis Sigmund Freud emphasised the importance of gradually detaching from the pain of loss and redirecting our emotional energy toward new relationships and pursuits. Today, in a society that often prioritises efficiency and productivity, there’s an unspoken expectation to “complete” the process of grief and quickly return to “normal”.

    But grief resists such timelines. As I’ve argued elsewhere, healing is not about moving on but learning to carry loss forward.

    This is poignantly illustrated in Cottontail: for Ken, scattering Akiko’s ashes in England is not about leaving her or the life they shared behind, but about learning to live with loss, weaving memories of her into his ongoing life.

    Cottontail trailer.

    Rewriting the book of life

    To grieve is like rewriting the book of our lives – a painstaking process of revisiting, revising, and reimagining a narrative that once felt complete. The concept of “narrative identity” captures this: not erasing the past but weaving it into a new story that continues to unfold, where love and loss coexist, shaping who we are now and who we will become.

    Rewriting life after loss is never a solitary journey – it’s shared with others. Ken’s grief is intertwined with his strained bond with his son, Toshi.

    Preoccupied with work, Ken had neglected their relationship, leaving Toshi yearning for deeper connection. Now, drowning in grief, Ken faces the challenge of reconciling his own pain while rebuilding their bond – a dilemma familiar to many experiencing loss.

    A key theme in Ken’s grief journey is the “stiff upper lip” mentality – an emotional restraint that stops him from expressing feelings or accepting support from his son. This stoic attitude, common among older men but seen across genders, ages and cultures, often comes at the cost of hidden stress.

    My research with bereaved older adults shows that suppressing emotions isolates individuals and blocks external support, making healing and connection harder.

    On his journey, Ken meets a grieving father and daughter who openly acknowledge their emotions and support each other. Their willingness to express their feelings shows the power of emotional literacy – the ability to recognise and communicate emotions.

    This highlights the importance of grief literacy not just for individuals, but for wider social networks. When people can understand and support one another’s grief, finding peace with loss becomes more attainable, and the process of rewriting life after loss becomes a collective endeavour.

    The film concludes with Ken chasing a rabbit by Lake Windermere for his granddaughter, joined by Toshi’s family. For Ken, the rabbit is not just Cottontail or a memory of Akiko – it’s a symbol of hope, a reminder that moving forward is possible, with renewed bonds and an enduring love.

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

    – ref. Cottontail review: how a man’s journey through grief mirrors our search for peace – by an expert in death and grieving – https://theconversation.com/cottontail-review-how-a-mans-journey-through-grief-mirrors-our-search-for-peace-by-an-expert-in-death-and-grieving-250198

    MIL OSI – Global Reports –

    February 19, 2025
  • MIL-OSI Global: Shein could be a shot in the arm for the London Stock Exchange – but the fashion giant might not like the added scrutiny

    Source: The Conversation – UK – By Isaac T. Tabner, Senior Lecturer in Finance, Director of the MSc Finance, University of Stirling

    T. Schneider/Shutterstock

    Fast fashion giant Shein’s mooted flotation on the London Stock Exchange (LSE) could be larger than any stock exchange listing seen in Europe in the last year. Coming at a time when the LSE is struggling to attract new listings, with some firms migrating to other exchanges, this could be a welcome boost. So it is perhaps unsurprising that the Chinese-founded company has been courted by the UK government, the LSE and those whose role it is to champion the City of London.

    Yet there are ongoing concerns about the controversial business model and practices of Shein, whose founder Chris Xu relocated himself and the company’s headquarters to Singapore in 2022. These were exacerbated when Shein’s lawyer struggled to tell the UK’s business and trade parliamentary committee whether the company uses cotton from China.

    Campaign group Stop Uyghur Genocide recently said it will seek a judicial review if the UK regulator, the Financial Conduct Authority (FCA), approves the LSE listing. And a “Say No to Shein” campaign has nearly 50,000 signatures on the activist website 38 Degrees. (Shein says it strictly prohibits forced labour in its supply chain globally.)

    More idealistic observers might question whether it is really a good idea for the UK to be courting such a controversial listing. The UK, after all, is a second-choice destination after Shein’s ambition to list on the US market failed – amid concerns about forced labour, among other things.

    So what are the claims against Shein? On environmental, social and governance (ESG) grounds the firm is controversial. Although Shein says it is working hard to reduce its environmental impact, its business model – supplying items cheap enough to be discarded after a single use – is at odds with a more sustainable society and thus problematic for the “E” in ESG.

    Some people add an additional “E” (for ethics) to the acronym. Concerns raised about the human and employee rights of workers in Shein’s supply chain and Shein’s reluctance to talk about them, even to a parliamentary committee, highlight both the “social” and the “ethical”. For its part, the company said last year it was actively working to improve its suppliers’ practices.

    If less than 10% of Shein’s equity is floated, which is the what company is proposing, it will still be controlled by its founders and majority shareholders as if it had remained a fully private company. An LSE listing would normally compel Shein to either comply with the UK corporate governance code, or explain why it did not. But dispersed minority investors with a combined ownership of less than 10% would have little or no say in the governance of a business that remained more than 90% owned and controlled by a few founding investors.

    Therefore, a listing of 10% or less would also raise concerns among minority investors about the “G” for governance. This is particularly true if their holding is involuntary, for example as part of an employee pension scheme. Shein said in a social impact report, however, that it has set up a sustainability committee to provide an extra layer of corporate governance.

    Shein’s lawyer struggled to answer questions on the source of its cotton.

    Given these issues, who gains and who loses from the proposed flotation? Shein itself could of course be among the winners. Common motives for a stock exchange listing are raising capital to finance new investment or giving founding shareholders an opportunity to cash out. Listing can also make mergers and acquisitions more straightforward and incentivise employees to stay with the company by offering preferential terms for buying shares.

    There is also no doubt that a listing would be presented as a positive sign that the UK is open and attractive for business. It would generate an initial windfall, and ongoing revenue for the LSE, plus substantial fees for financial and legal service providers based in the City of London.

    Downsides

    As a private company, Shein has kept details of its financial situation out of the public domain. If the LSE listing does go ahead (which is by no means certain), the company will be required to give detail on its legal and reputational risks, as well as its financial accounts.

    This will let prospective investors and others involved in the listing estimate a pricing range for the flotation. Recent headlines suggest a total equity valuation between US$50 billion and US$66 billion (£40 billion and £52 billion), yet if the listing does not go ahead it is impossible to estimate its market value with any reliability using information that is currently in the public domain.

    Shein’s apparent desire for secrecy, and its reluctance to publish detailed financial data, suggests that its founders and controlling investors may not be comfortable with the increased scrutiny that a listing will require. A 2023 report from the company, however, claimed Shein was committed to “continued progress and transparency” in terms of sustainability and its social impact.

    If credible revelations about controversial business practices such as forced labour or illegal working conditions emerge, this is likely to damage the stock price. No doubt outside investors would have plenty of incentive to scrutinise Shein’s activities – at least, more than the consumer buying a £10 dress for a night out.

    Perhaps a cautionary example can be drawn from the UK’s much smaller home-grown fast-fashion contender, Boohoo.com (now worth around £400 million after peaking at more than £5 billion in 2020). After an initial stellar performance, the firm’s stock price never recovered from reports in 2020 about workers in its UK supply chain being paid £3.50 an hour.

    An independent review published the same year found many failings in the company’s UK supply chain – Boohoo Group responded by pledging to implement the recommendations of the review in full. However, a BBC Panorama investigation indicated that it had not fulfilled its pledges. And at under 30 pence per share, its stock price is down more than 90% since the scandal first broke. (After the programme, Boohoo insisted that it had implemented “every one” of the independent review’s recommendations.)

    Shein’s listing – if it goes ahead – will open its inner workings to public scrutiny in a way that it has never experienced before. Already, people who have never engaged with fast fashion are discussing the business practices of the company.

    If awareness is the first stage of progress, such increased scrutiny can only be a good thing for those concerned about the darker side of the fast fashion industry.

    Isaac T. Tabner is a member of the following professional bodies:

    CFA Institute,
    CFA Society of the UK,
    Personal Finance Society and Chartered Insurance Institute.

    – ref. Shein could be a shot in the arm for the London Stock Exchange – but the fashion giant might not like the added scrutiny – https://theconversation.com/shein-could-be-a-shot-in-the-arm-for-the-london-stock-exchange-but-the-fashion-giant-might-not-like-the-added-scrutiny-249541

    MIL OSI – Global Reports –

    February 19, 2025
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