NewzIntel.com

Category: Asia Pacific

  • India sees radical change in transport infrastructure over the last decade

    Source: Government of India

    Source: Government of India (2)

    ndia has witnessed an unprecedented scale of infrastructure development over the past decade, driven by the success of a holistic and integrated approach under major national initiatives like PRAGATI, PM GatiShakti, the National Logistics Policy, Bharatmala, Sagarmala, and UDAN, according to an official report released on Wednesday.

    The report encapsulates the rapid transformation that has taken place in the country’s transport infrastructure across the highways, railways, maritime and civil aviation sectors of the economy on the back of massive investments made by the Central government in the last 10 years.

    The report highlights that PM GatiShakti unified planning across 44 ministries and 36 states/UTs on a GIS-based platform. Launched in 2021, the PM GatiShakti national master plan is a comprehensive initiative to improve multimodal infrastructure connectivity across India’s economic zones. Rs 100 lakh crore is being efficiently utilised through this integrated platform. Anchored on seven key sectors — railways, roads, ports, waterways, airports, mass transport, and logistics infrastructure — it promotes synchronised development across ministries and state governments.

    The length of India’s national highways network increased by 60 per cent from 91,287 km to 1,46,204 km during the last decade, with the pace of highway construction accelerating to 34 km/day from 11.6 km/day in 2014. There is an increase of 6.4 times in the Centre’s investment in road infrastructure between 2013-14 and 2024-25. The road transport and highway budget has shot up by 570 per cent from 2014 to 2023-24.

    The budget for Indian Railways has increased by more than nine times since 2014. The higher investment is reflected in the introduction of new Vande Bharat semi-high-speed trains covering 24 states/UTs along with 333 districts. A total of 68 Vande Bharat Trains are currently operational in the country, while another 400 world-class Vande Bharat trains are planned to be manufactured.

    More than 31,000 km of new tracks have been laid since 2014, and over 45,000 km of tracks have been renewed since 2014. The pace of electrification of the track network has jumped from 5,188 route km between 2004-14 to more than 45,000 route km being electrified in 2014-25. Electrification has enabled annual savings of Rs 2,960 crore for railways (up to February 2025), ensuring greater financial efficiency, the report states.

    It further highlights that the country’s port capacity has doubled to 2,762 MMTPA in the last 10 years, with the overall turnaround time for ships improving from 93 to 49 hours. As many as 277 projects have been completed under Sagarmala in the big push to port infrastructure.

    The report also lists major projects that have been completed in the ports sector, including the Vizhinjam International Deepwater Multipurpose Seaport. Inaugurated on May 2, 2025, by Prime Minister Narendra Modi, this Rs 8,800 crore project is India’s first dedicated container transshipment port. Strategically located near international shipping routes, it can host the world’s largest cargo ships. The port significantly reduces India’s reliance on foreign ports and enhances economic activity in Kerala.

    The New Dry Dock (NDD) at Cochin Shipyard Limited has been constructed at a cost of Rs 1,800 crore, with a length of 310 meters and a depth of 13 meters. It is capable of handling aircraft carriers of up to 70,000 tons. Besides, an international Ship Repair Facility has been set up in Cochin.

    India’s Inland waterways cargo has risen by 710 per cent (from 18 MMT to 146 MMT) in the last 10 years. Approval has also been given for Rs 5,370 crore investment to augment the capacity of National Waterway-1 (Haldia to Varanasi), this major inland navigation initiative enhances cargo movement on the Ganga River, the report points out.

    The report also highlights that new routes and new airports have been added to the civil aviation landscape of the country. The number of airports operational in India has gone from 74 in 2014 to 160 in 2025. The Cabinet Committee on Economic Affairs (CCEA) has approved the revival and development of unserved and underserved airports at a total cost of Rs 4,500 crore. In addition, the Expenditure Finance Committee also approved an amount of Rs 1,000 crore for the development of 50 more airports, heliports and water aerodromes under the UDAN scheme. This flagship scheme, launched in June 2016 to create affordable, yet economically viable and profitable air travel on regional routes, has been a big success with over 1.51 crore passengers having flown on these regional flights, the report added.

    (IANS)

  • India, Norway reaffirm commitment to sustainable ocean governance at UN conference in France

    Source: Government of India

    Source: Government of India (4)

    Union Minister Dr. Jitendra Singh met with Norway’s Minister of Fisheries and Ocean Policy, Marianne Sivertsen Ness, in Nice, France, on Wednesday to advance bilateral cooperation in sustainable fisheries and ocean governance. The meeting took place on the sidelines of the 3rd United Nations Ocean Conference (UNOC3).

    During their bilateral and delegation-level discussions, the two Ministers reaffirmed their countries’ long-standing partnership in marine resource management and the broader blue economy. The talks focused on shared priorities, including the sustainable use of marine resources, data sharing, and joint efforts to address overfishing and marine pollution, the Ministry of Earth Sciences said in a statement.

    Both sides emphasized the importance of global cooperation under the United Nations Decade of Ocean Science for Sustainable Development (2021–2030), with a focus on knowledge exchange, technology sharing, and capacity building. They also discussed expanding existing collaborations aligned with the development of a sustainable and inclusive blue economy.

    The India-Norway dialogue is viewed as a key step toward reinforcing multilateral efforts to ensure the long-term sustainability of global ocean resources, said the Ministry of Earth Sciences.

  • MIL-OSI Banking: Senior Officials of the ASEAN Regional Forum gather in Penang

    Source: ASEAN – Association of SouthEast Asian Nations

    Attended by Senior Officials from ASEAN Member States and non-ASEAN ARF Participants, as well as the Deputy Secretary-General of ASEAN for the ASEAN Political-Security Community, the ASEAN Regional Forum Senior Officials’ Meeting (ARF SOM) convened today in Penang, Malaysia, to review the outcomes of ARF meetings and activities during the Inter-Sessional Year 2024–2025, and to deliberate on proposed initiatives and co-chairmanships for the next Inter-Sessional Year. The Meeting also exchanged views on regional and international developments.

    Photo Credit: MFA Malaysia
    The post Senior Officials of the ASEAN Regional Forum gather in Penang appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • Musk says he regrets some posts he made about Trump

    Source: Government of India

    Source: Government of India (4)

    Billionaire Elon Musk said on Wednesday he regrets some of the posts he made last week about U.S President Donald Trump as they went “too far”.

    Trump and Musk began exchanging insults last week on social media, with the Tesla TSLA.O and SpaceX CEO describing the president’s sweeping tax and spending bill as a “disgusting abomination.”

    Trump said on Saturday their relationship was over but has since said that he would not have a problem if Musk called and wished him well.

    “I regret some of my posts about President Donald Trump last week. They went too far,” Musk wrote in a post on his social media platform X.

    He did not say which specific posts he was talking about.

    Tesla shares in Frankfurt were up 2.44% after Musk’s post.

    Since the dispute began, Musk has deleted some social media posts critical of Trump, including one signaling support for impeaching the president.

    Sources close to Musk had said his anger has started to subside, and that they believe he may want to repair his relationship with Trump.

    (Reuters)

  • MIL-OSI Asia-Pac: SFST showcases to UK community Hong Kong’s determination to expand international financial co-operation (with photos)

    Source: Hong Kong Government special administrative region

    The Secretary for Financial Services and the Treasury, Mr Christopher Hui, said on June 10 (London time) during his visit to London, the United Kingdom (UK), that Hong Kong is at the forefront of global finance and the digital asset revolution. The city shares the same vision and has complementary expertise with the UK, allowing the two places to drive transformative economic growth through partnership in an era of innovation and sustainablity.
     
    Speaking at a luncheon held by the Hong Kong Association of the UK on June 10 (London time), Mr Hui highlighted Hong Kong’s commitment to three key pillars, namely the 3Es that define the city’s strategic vision as a premier international financial centre. The 3Es refer to extending financial value chain across equities, fixed income, currencies and commodities; embracing fintech and green finance; and enhancing opportunities for Chinese and international businesses.
     
    He said Hong Kong’s ability to offer a diversified, resilient and innovative financial ecosystem and the Government’s determination to extend the financial value chain are creating a robust development platform that serves both regional and international markets. The vibrant capital markets in Hong Kong, driven by geopolitical developments and the Mainland’s technological advancements, are also offering global investors, including those from the UK, a gateway and access to invest in Asia’s burgeoning tech sector by leveraging Hong Kong’s deep market liquidity and robust regulatory framework.
     
    While mentioning the UK’s expertise in commodities trading, Mr Hui remarked that Hong Kong’s integration into the London Metal Exchange’s global warehouse network in January this year not only enhances Hong Kong’s commodities infrastructure but also creates significant opportunities for UK firms. Riding on Hong Kong’s proximity to Asia’s industrial markets, Hong Kong can partner with the UK to jointly tap into the growing demand for new-energy metals and support global industrial transformation and sustainable development.
     
    Among the highlights of the UK leg was the signing of a memorandum of understanding (MOU) between the Financial Services Development Council (FSDC) and TheCityUK to establish a partnership in sharing insights and best practices to advance transition finance, collaborating on workforce development to address evolving market requirements, as well as establishing a framework to conduct an annual review to assess progress in collaboration and explore new opportunities. The MOU was signed by the Executive Director of the FSDC, Dr King Au, and the Managing Director of Public Affairs, Policy and Research of TheCityUK, Mr John Godfrey.
     
    Mr Hui, together with the Leadership Council Chair of TheCityUK, Mr Bruce Carnegie-Brown, witnessed the signing of the MOU on June 10 (London time). Mr Hui said that the MOU reflects a shared vision to harness the strengths of Hong Kong and the UK, creating opportunities that benefit both places and the global financial ecosystem.
     
    Prior to the signing ceremony, Mr Hui had a roundtable meeting with members of the TheCityUK, which represents an industry contributing over 12 per cent of the UK’s economic output and employing nearly 2.5 million people in financial and related professions. Mr Hui said that investors nowadays are gravitating towards markets that provide clarity, consistency and credibility, which are qualities that Hong Kong embodies in abundance. Moreover, Hong Kong continues to uphold the mission of striking a balance between innovation and investor protection through its regulatory framework in the process of integrating traditional financial services with innovative digital asset technologies for facilitating real economy activities. All in all, Hong Kong is an ideal partner for the UK to work with in unlocking horizons for growth and prosperity, especially in areas of wealth management and digital assets.
     
    Earlier in the day, Mr Hui had a bilateral meeting with the Lord Mayor of the City of London, Mr Alderman Alastair King, to update him on Hong Kong’s latest developments on the financial services front, which benefit from the unique convergence of global and Mainland advantages. He also met with the Chief Markets Officer of PwC UK, Mr Carl Sizer, to discuss the role the auditing and accounting profession can play to support Mainland enterprises going global.
     
    In the morning of June 9 (London time), Mr Hui attended a members briefing of a British independent think-tank, Asia House, to enlighten its members on the latest financial developments of Hong Kong as well as the Greater Bay Area at large. In a Q&A session moderated by the Chief Executive of Asia House, Mr Michael Lawrence, Mr Hui responded to members’ questions about Hong Kong’s financial outlook. The members were particularly interested in Hong Kong’s connectivity with international markets and the city’s fintech development.
     
    Mr Hui told the members that Hong Kong has been experiencing a flourishing financial market amid the challenging global financial landscape. The securities market of Hong Kong recorded an average daily turnover of US$31 billion for the first five months of 2025, a year-on-year increase of 120 per cent. The Government is also taking bold moves to boost fintech development, such as introducing the Stablecoins Ordinance which is scheduled to be enacted this August.
     
    During a lunch meeting with representatives of the ICBC Standard Bank on the same day, Mr Hui introduced to its Chief Executive Officer, Mr Wang Wenbin, and other senior management, the international gold trading market and commodity trading ecosystem that Hong Kong is shaping. Both parties had a very productive discussion about the vast potential that Hong Kong may bring about. The bank serves as a global banking platform for commodities, fixed income and currency products for clients.
     
    In the afternoon, Mr Hui met with the Economic Secretary to the Treasury of the UK, Ms Emma Reynolds, and other financial officials to reinforce the financial partnership between the two leading international financial centres. At the meeting, he gave them an update on the latest situation of capital markets in Hong Kong.
     
    Mr Hui also paid a courtesy call on Minister of the Chinese Embassy in the United Kingdom Mr Wang Qi.
     
    After concluding the UK leg, Mr Hui proceeded to Oslo, Norway, on June 11 (London time) to continue his visit.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: SFST’s speech at Hong Kong Association Membership Luncheon in London, United Kingdom (English only) (with photos)

    Source: Hong Kong Government special administrative region

    SFST’s speech at Hong Kong Association Membership Luncheon in London, United Kingdom (English only)  
    Lord Mayor (696th Lord Mayor of the City of London, Mr Alderman Alastair King), Sir Douglas (Committee Member of the Hong Kong Association, Chairman of Aberdeen Group, Sir Douglas Flint), distinguished guests, esteemed members of the Hong Kong Association, ladies and gentlemen,
     
         Good afternoon. It is a profound privilege to address you today at this distinguished luncheon hosted by the Hong Kong Association in London. I must say, you are a crowd too difficult to please because you know Hong Kong too well. This organisation’s mission is to champion the enduring business and trading relationship between Hong Kong and the UK which resonates deeply with the Government’s goal of fostering economic collaboration, innovation, and mutual prosperity. To further the efforts, I am here to showcase our city’s unparalleled strengths as a global financial hub and to explore the vast potential for deepening financial co-operation between Hong Kong and the UK. Our shared visions and complementary expertise position us well to forge a partnership that drives transformative growth in an increasingly challenging and also uncertain global economy.
     
         If you may recall, for those people who came two years ago for a similar occasion where I spoke, I tried to group my speech in five alphabet letters, ABCDE. A is about Asia, B is about business as usual, C is about connectivity, D is about digitalisation whereas E is about ESG (environmental, social and governance). These are the five elements at the time I drafted the speech that something Hong Kong could offer to this part of the world. So I am thinking, to this group which is very knowledgeable about Hong Kong, what should I say and how I should structure this speech? Of course I don’t want to get to the next alphabet letter after E, that is why I would stay at E and come with 3Es which are actually the pillars that define Hong Kong’s strategic vision as a premier international financial centre: 1) Extending our financial value chain across equities, fixed income, currencies, and commodities. For those in the banking or financial world, you know what I mean. It’s about EFICC; 2) Embracing new finance through fintech and green finance; and 3) Enhancing offerings for Chinese companies going global through Hong Kong and international firms accessing the Mainland market. These pillars reflect our dynamic approach to navigating global economic and geopolitical challenges, seizing emerging opportunities, and fostering collaboration with partners like the UK. Let me elaborate on each pillar, highlighting our recent achievements and the opportunities they present for strengthening Hong Kong-UK ties.
     
    Extending our financial value chain
     
         Hong Kong’s position as a global financial hub is built on its ability to offer a diversified, resilient, and innovative financial ecosystem. By extending our financial value chain across equities, fixed income, currencies, and commodities which can be grouped as EFICC, we are creating a robust platform that serves both regional and international markets, fostering opportunities for collaboration with global partners, including the UK.
     
    Equities: a vibrant and forward-looking market
     
         Hong Kong’s equity market has undergone a remarkable transformation over the past decade, driven by bold structural reforms and a commitment to capturing global economic trends. The Hang Seng Index, which is a key barometer of our market’s performance, has demonstrated resilience amid global uncertainties. By May 30, our stock market capitalisation has increased by 24 per cent year on year to over US$5.2 trillion. This growth was propelled, I must say, by a number of key moments this year, including of course the DeepSeek moment when people really recalibrate the value that Chinese investment carry and at the same time also the “victory day” moment when people are seeing the uncertainty in other parts of the world which actually present opportunities to Hong Kong and London. The average daily turnover for the first five months of this year stood at US$31 billion in our market, an increase of 1.2 times over the past year, signaling sustained investor confidence and market liquidity.
     
         Apart from the market performance, we are also trying to reform our capital market to make it more instrumental in positioning Hong Kong as a global hub for new economy and technology companies. Back in 2018, we already introduced the “weighted voting rights” regime, enabling companies with dual-class share structures to list in Hong Kong. As I know, London Stock Exchange is also contemplating something similar to reform your stock market. This reform in Hong Kong attracted technology giants and paved the way for a new era of innovation-driven listings. Simultaneously, we opened our market to pre-revenue biotech firms, transforming Hong Kong into one of the world’s leading fundraising hubs for biotechnology. As a result, the proportion of new economy companies in our stock market has surged from 1.3 per cent in 2018 to approximately 14 per cent by April 2025, with their market capitalisation share rising from 2.8 per cent to about 28 per cent.
     
         Building on this momentum, we introduced the “18C” listing regime in 2023 for specialist technology companies, followed by a dedicated technology enterprises channel launched last month. These initiatives are designed to accelerate the listing of enterprises in the “hard technology” space, enabling them to raise capital in Hong Kong and expand their international presence. These reforms have not only reshaped the structure of our stock market but also aligned it with global economic trends, positioning Hong Kong as a vital partner for UK firms seeking exposure to Asia’s innovation-driven growth.
     
         Moreover, Hong Kong’s capital markets have benefited from the return of Chinese concept stocks, driven by geopolitical developments and Mainland China’s technological advancements. This trend has elevated the weight of technology stocks in our market, further enhancing its attractiveness to global investors. For example, before I came, we welcomed the listing of CATL (Contemporary Amperex Technology Co Limited) which is a major lithium-ion battery manufacturing company serving the world for electric vehicles. For UK financial institutions, Hong Kong offers a gateway to invest in Asia’s burgeoning tech sector, leveraging our deep liquidity and robust regulatory framework.
     
    Connectivity and stability
     
         Apart from fundraising, it’s about our strengthened role as a gateway for international investors accessing Mainland China and for Mainland investors diversifying globally. Our “Connect” schemes – Stock Connect, Bond Connect, Wealth Management Connect, and Swap Connect – have facilitated seamless cross-border capital flows. These initiatives have seen significant growth in transaction volumes, product diversity, and risk management capabilities, enhancing both the “quantity” and “quality” of financial connectivity, covering the broad financial value chain across equities, fixed income and currencies.
     
         Stability is also a cornerstone of our financial system, as demonstrated by the performance of the Hong Kong dollar recently. In the first five months of 2025, the Hong Kong dollar largely traded within the strong-side convertibility undertaking range, signifying a robust demand, partly because a lot of money coming to Hong Kong to buy our IPOs (initial public offerings) which are in Hong Kong dollars, and at the same time it is now the season when the listed companies need Hong Kong dollars to give out dividends. So with this background, what we see is operations by our banking regulator where now the banking system aggregate balances rising to US$22 billion by May 30, 2025, a substantial increase from US$5.7 billion at the end of last year. Total bank deposits grew by over 4 per cent in the first four months of 2025, with Hong Kong dollar deposits rising by 4.4 per cent, reflecting strong capital inflows into our banking system. So you have been hearing a lot about capital flight from Hong Kong to others, all these numbers are testaments to how wrong those perceptions are. This stability underscores our role as a trusted financial hub, like that of London, offering a secure environment for UK investors and businesses.
     
         Amid global economic uncertainties, including trade protectionism and unilateral policies, RMB (Renminbi) is gaining prominence as a global transaction and reserve currency. Its share in global payments rose from 2 per cent in 2020 to 4 per cent by the end of 2024, ranking fourth globally, while its share in trade financing increased from 2 per cent to 6 per cent. As the world’s leading offshore RMB hub, Hong Kong is seizing this opportunity by enhancing RMB-denominated investment products and risk management tools. Our plan to integrate RMB-denominated stock trading into Southbound Stock Connect will further support RMB internationalisation in a gradual and prudent manner, creating opportunities for UK financial institutions to engage with RMB-based products and services.
     
    Commodities: pioneering a new ecosystem with LME integration
     
         In the commodities sector, Hong Kong is capitalising on the global surge in non-ferrous metals trading, driven by the transition to new energy technologies. In 2024, the London Metal Exchange (LME) recorded trading volumes of 178 million lots, a 20 per cent year-on-year increase, with significant growth in new-energy metals like nickel and cobalt. These metals are critical to industrial transformation and technological advancement, and China remains a pivotal force, with non-ferrous metals trade exceeding US$368 billion in 2024, up 11 per cent from the previous year.
     
         Recognising this potential, our Chief Executive outlined a vision in his Policy Address to create a commodity trading ecosystem in Hong Kong, encompassing warehousing, distribution, trading, testing, certification, insurance, and financial services. A landmark achievement in this regard is our integration into the LME’s global warehouse network in January this year. By bringing storage facilities closer to Mainland China’s industrial heartlands and consumption centres, we are strengthening our role as a central platform for the metals industry. Within months since January this year when we are recognised as a delivery port for the LME contracts, seven warehouses have already been approved, and their operations will commence as early as in July 2025.
     
         This initiative not only enhances Hong Kong’s commodities infrastructure but also creates significant opportunities for UK firms, given the LME’s London-based heritage. The UK’s expertise in commodities trading and Hong Kong’s proximity to Asia’s industrial markets make our partnership a natural fit. By collaborating on warehousing, trading, and related services, we can jointly tap into the growing demand for new-energy metals, supporting global industrial transformation and sustainable development.
     
         By extending our financial value chain across equities, fixed income, currencies, and commodities, Hong Kong is reinforcing its position as a diversified financial hub. We invite UK businesses to leverage our platform to access Asia’s dynamic markets, fostering mutual growth and collaboration in these critical sectors.
     
    Embracing new finance: fintech and green finance
     
         The second pillar of our strategy is embracing new finance, particularly in fintech and green finance, to position Hong Kong at the forefront of financial innovation and sustainability. These areas align closely with the UK’s developments in digital finance and sustainable investments, creating fertile ground for partnership.
     
    Fintech: pioneering digital assets and stablecoin regulation
     
         Hong Kong’s robust regulatory framework, business-friendly environment, and strategic location make it an ideal hub for fintech innovation. My bureau, FSTB (Financial Services and the Treasury Bureau), in collaboration with financial regulators and industry stakeholders, is pursuing a multipronged strategy to foster a vibrant fintech ecosystem. This includes enhancing financial infrastructures, nurturing talent, strengthening industry connections in Mainland China and overseas, and creating a conducive environment for fintech innovation.
     
         This is my second day here in London and I am hearing a lot about digital assets (DAs). Just days before I embarked on this trip, our Legislative Council has passed the Stablecoins legislation in Hong Kong and it will be enacted on August 1. After that, we will issue a second policy statement about promoting Hong Kong as the digital asset ecosystem.
     
         Looking ahead, we will continue to be a leader in adopting emerging technologies. A 2023 survey revealed that 38 per cent of Hong Kong’s financial institutions adopted generative AI, surpassing the global average of 26 per cent. In October last year, we issued a policy statement on the responsible use of AI in finance, followed by practical guidelines, sandbox schemes, and industry seminars to support institutions in adopting AI responsibly. These initiatives position Hong Kong as a hub for fintech innovation, complementing the UK’s advancements in areas like blockchain and AI-driven financial services.
     
    Green finance: driving sustainable development
     
         Moving on to green finance, Hong Kong is committed to mobilising cross-border investments to address climate and sustainability challenges, aligning with global efforts to achieve net zero. Last year, Hong Kong arranged US$43 billion in green and sustainable bonds, capturing 45 per cent of the Asian market and ranking first in the region for seven consecutive years. By March this year, our security regulator authorised around 220 ESG funds, managing US$140 billion in assets, an 80 per cent increase over three years.
     
         Last week we have just issued a new round of Government green bonds and infrastructure bonds, totally around US$3.5 billion, denominated in four currencies, namely HKD (Hong Kong dollars), RMB, USD (US dollars) and EUR (euro). The offering attracted participation from a wide spectrum of investors from more than 30 markets across Asia, Europe, Middle East, and the Americas, with total orders amounting around US$30 billion equivalent, representing an over-subscription of almost nine times. The proceeds from green bond issuance will fund local Government green works projects, and set benchmarks for the market encouraging private-sector participation.
     
         To align with global standards, we launched the Roadmap on Sustainability Disclosure in December last year, providing a clear path for large publicly accountable entities to adopt the International Financial Reporting Standards – Sustainability Disclosure Standards (ISSB Standards) by 2028. This positions Hong Kong among the first jurisdictions to align with global sustainability reporting standards, enhancing transparency and comparability. The roadmap not only reflects our commitment to the global green transition but also offers clarity and guidance to market participants.
     
         On the funding support side, the Green and Sustainable Finance Grant Scheme, which was extended to 2027, subsidises issuance costs for bonds and loans, including transition financing, encouraging industries across the Greater Bay Area and Belt and Road economies to leverage Hong Kong’s platform for low-carbon transitions. So for many of you who are working for business financial institutions or companies, do take this message home that we are subsidising for people who are issuing green bonds and loans in Hong Kong.
     
         These efforts create significant opportunities for UK firms to collaborate with Hong Kong on green finance initiatives, from ESG funds to green technology solutions, leveraging our shared commitment to sustainability and innovation. The UK’s commitment in green finance, combined with Hong Kong’s strategic position in Asia, can drive impactful partnerships in sustainable investment and technology.
     
    Enhancing offerings for global and Mainland businesses
     
         The third pillar, enhancing offerings, underscores Hong Kong’s role as a bridge for Chinese companies going global and international firms accessing Mainland China, supported by policies that facilitate cross-border mobility and business expansion.
     
    Supporting Chinese companies going global
     
         As Mainland China accelerates its economic opening, Chinese firms are intensifying their global expansion, optimising supply chains and market presence to address geopolitical risks and tap into international markets. Hong Kong is uniquely positioned to support this “going out” strategy, offering financing, supply chain management, and professional services under the “one country, two systems” framework.
     
         Hong Kong’s efforts to strengthen ties with emerging markets further enhance our appeal. In October last year, we facilitated the listing of two Hong Kong-focused exchange-traded funds on the Saudi Exchange, attracting Middle Eastern capital to our markets. The two Saudi-listed ETFs have a combined size of over US$1.9 billion. They are the two largest ETFs listed and are amongst the top traded ETFs on Saudi Stock Exchange. This initiative demonstrates our commitment to connecting traditional and emerging markets, offering UK firms a platform to diversify their investments across Asia and beyond.
     
         Hong Kong’s professional services, for example the Accounting sector, are well-positioned and experienced to meet the needs of Mainland firms going global. The Hong Kong Institute of Certified Public Accountants has earlier compiled a list of firms specialising in supporting global expansion of Chinese companies, and has recently expanded the list from 60 to over 80 firms, connecting Mainland enterprises with international markets for business expansion. Moreover, Hong Kong’s network of 52 Comprehensive Double Taxation Agreements with other tax jurisdictions, with plans for further expansion, provides tax clarity for businesses, enhancing Hong Kong’s appeal as a commercial and investment hub.
     
         UK firms can partner with Hong Kong to support Chinese companies’ international ventures, leveraging our expertise in financing, legal services, and market access. For example, UK financial institutions can collaborate with Hong Kong-based firms to provide advisory services, underwriting, and risk management solutions for Chinese enterprises expanding into Europe and beyond.
     
    Facilitating international access to the Mainland
     
         Hong Kong is equally committed to helping international talents, including those from the UK, access Mainland China’s vast market. A facilitating policy introduced in July last year allows non-Chinese Hong Kong permanent residents to obtain a card???type document with five-year validity. This card enables self-service clearance at Mainland control points without going through manual channels, eliminating the need for arrival cards and significantly enhancing clearance efficiency. This measure, implemented under the “one country, two systems” framework, facilitates business, travel, and family visits, reinforcing Hong Kong’s role as a gateway to the Mainland.
     
         Hong Kong’s professional services, with deep knowledge of Mainland business culture and international expertise, provide comprehensive support for UK firms navigating China’s market. From legal and accounting services to supply chain management, Hong Kong offers a trusted platform for UK companies to establish and grow their presence in Asia.
     
    Hong Kong-UK financial co-operation
     
         The complementary strengths between the two markets of Hong Kong and UK create a strong foundation for collaboration. The integration of Hong Kong into the LME’s warehouse network opens new avenues for UK firms to engage with Asia’s commodities markets, particularly in new-energy metals critical to the global energy transition. Our leadership in green finance aligns with the UK’s expertise in sustainable investments, creating opportunities for joint ventures in ESG funds, carbon trading, and green fintech. In fintech, Hong Kong’s progressive DA regulations complement the UK’s advancements in digital finance, paving the way for collaborative innovation in areas like blockchain, AI, and stablecoins.
     
         By leveraging Hong Kong’s strengths in extending our financial value chain, embracing new finance, and enhancing global and Mainland connectivity, we invite UK businesses to partner with us in tapping Asia’s growth opportunities. Our shared commitment to innovation, sustainability, and global connectivity positions us to build a future of mutual prosperity.
     
    Conclusion
     
         Ladies and gentlemen, Hong Kong stands at the forefront of global finance, driven by our commitment to the 3Es: Extending our financial value chain across equities, fixed income, currencies, and commodities; Embracing fintech and green finance; and Enhancing opportunities for Chinese and international businesses. Our unique position under “one country, two systems,” robust regulatory framework, and vibrant markets make Hong Kong the ideal partner for the UK in navigating Asia’s dynamic markets.
     
         I express my heartfelt gratitude to the Hong Kong Association for hosting this luncheon and for your unwavering commitment to strengthening Hong Kong-UK ties. Let us seize this opportunity to deepen our financial partnership, fostering innovation, sustainability, and prosperity for our shared future. Together, we can shape a world of opportunity, leveraging Hong Kong’s strengths and the UK’s global leadership to drive transformative growth.
     
         Thank you.
    Issued at HKT 16:31

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: SFST’s speech at business reception for signing of Memorandum of Understanding between TheCityUK and Financial Services Development Council in London, United Kingdom (English only) (with photos)

    Source: Hong Kong Government special administrative region

    SFST’s speech at business reception for signing of Memorandum of Understanding between TheCityUK and Financial Services Development Council in London, United Kingdom (English only)  
    Alderman Sir Charles (690th Lord Mayor of the City of London, Co-Chair of the UK-China Green Finance Taskforce, Mr Alderman Sir Charles Bowman), Bruce (Leadership Council Chair of TheCityUK, Mr Bruce Carnegie-Brown), John (Managing Director of TheCityUK, Mr John Godfrey), King (Executive Director of the FSDC, Dr King Au), ladies and gentlemen, distinguished guests,
     
         It is an honour to stand before you in London to celebrate the signing of this Memorandum of Understanding between TheCityUK and Hong Kong’s Financial Services Development Council. I am very delighted to witness this milestone in strengthening financial co-operation between our two leading financial centres.
     
         This MOU is a commitment to deepen collaboration, foster innovation, and drive sustainable economic growth. It reflects a shared vision to harness the strengths of Hong Kong and the UK, creating opportunities that benefit our jurisdictions and the global financial ecosystem.
     
         Hong Kong is a premier international financial centre, strategically located at the heart of Asia, serving as a gateway between Mainland China and global markets. Our robust legal framework, adherence to international standards, and business-friendly environment underpin our success. The financial services sector is a cornerstone of our economy, driving growth through our world-class stock exchange, leadership in green finance, fintech, and asset management. Hong Kong’s contributions to sustainable investment and digital innovation continue to set global benchmarks.
     
         The United Kingdom, with London as its financial hub, is a global leader in financial and professional services. TheCityUK represents an industry that contributes 12 per cent to the UK’s economic output and employs nearly 2.5 million people. Its role in supporting net zero transitions, economic growth, and essential services is remarkable. The UK’s expertise in financial innovation and regulation makes it an ideal partner for Hong Kong.
     
         This MOU outlines a forward-looking framework for co-operation in key areas: transition finance, digital assets, technological advancements, and workforce development. A few highlights this partnership are worth noting.
     
         First, the focus on transition finance is critical as the world moves toward net zero. Hong Kong is a leader in green bonds issuance and sustainable finance, with initiatives like government green bonds issuance setting a global benchmark. TheCityUK and the FSDC will share best practices to advance transition finance across the Asia-Pacific and beyond, ensuring our financial systems support a low-carbon future.
     
         Second, the emphasis on digital assets aligns with the rapid evolution of our industry. Hong Kong is advancing fintech through initiatives like our Central Bank Digital Currency pilot and digital asset regulations. The UK’s leadership in distributed ledger technology and tokenisation complements these efforts. Through this MOU, both parties will exchange insights on regulatory practices, promote interoperability, and build capacity for responsible integration of digital assets.
     
         Third, workforce development is central to our success. Technological advancements are reshaping financial services, and both Hong Kong and the UK are committed to equipping our professionals with the skills needed to thrive. Collaborative efforts will ensure our workforces are prepared for an era of innovation.
     
         The MOU also facilitates practical co-operation through market visits, stakeholder introductions, and co-hosted events. These initiatives will strengthen the ties between our financial communities and drive meaningful outcomes.
     
         The economic ties between Hong Kong and the UK provide a strong foundation for this partnership. Our shared commitment to open markets, innovation, and excellence has long underpinned our collaboration. This MOU builds on that legacy, creating new avenues for partnership at a time when global challenges like climate change and technological disruption demand collective action. Together, we can unlock opportunities for growth and prosperity.
     
         I extend my heartfelt congratulations to TheCityUK and the FSDC for their vision and leadership. My gratitude goes to all who have worked to bring this MOU to fruition. Your efforts have laid the groundwork for a stronger financial relationship between our jurisdictions.
     
         Let us seize this opportunity to deepen our collaboration, leverage our strengths, and promote Hong Kong and the UK as leading global financial centres. Together, we can shape a future defined by innovation, sustainability, and opportunity.
     
    Thank you, and I wish this partnership every success.
    Issued at HKT 16:33

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    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: Polytechnic presented its initiatives to the rectors of BRICS countries at forums in Brazil

    Translation. Region: Russian Federal

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    Rio de Janeiro hosted large-scale events — the second forum of university rectors from Russia, Brazil and Belarus, as well as the second forum of university rectors from the BRICS countries. The events were organized by the Federal University of Rio de Janeiro with the support of national rectors’ communities, including the Russian Union of Rectors. They became a powerful platform for strengthening academic ties and promoting joint initiatives. The forums were attended by more than 50 representatives of universities from Russia and Belarus, delegations from Iran, India, China, South Africa, Ethiopia, Indonesia and more than 60 universities from Brazil.

    At the section on educational cooperation, Deputy Minister of Science and Higher Education of the Russian Federation Konstantin Mogilevsky emphasized the unique role of BRICS in the modern world: In the conditions of international turbulence, it is education and science that are becoming the most important tools for finding joint answers to global challenges. The BRICS association is one of the few international platforms where interaction is built on the principles of mutual respect and equality, where there are no main ones, where everyone is equal and is committed to working together for the sake of a common future. We see that this approach is of interest and response to many countries. The creation of a ranking of BRICS universities is especially relevant in the conditions of political commitment of the headquarters of international rating agencies. The new system for assessing the quality of education is in great demand.

    The Deputy Minister spoke in detail about the dynamic expansion of the association (the accession of new members: Egypt, Iran, the UAE, Saudi Arabia, Ethiopia, Indonesia) and the priorities of the educational agenda. This is the development of the BRICS Network University, recognition of qualifications, support for talented youth and the creation of its own BRICS university ranking.

    The key sections and plenary session were held at the Museum of Tomorrow. SPbPU was represented by a delegation consisting of Vladimir Shchepinin, Director of the Institute of Industrial Management, Economics and Trade; Ekaterina Belyaevskaya, Head of the Department of International Interuniversity Cooperation; and Nikita Lukashevich and Olga Ergunova, associate professors at the Graduate School of Management and Management. Vladimir Shchepinin spoke at one of the sessions, presenting the Polytechnic University as a key player in the scientific and educational space of Russia in the field of technological development. He drew the attention of the rectors’ community to the potential of SPbPU in solving the problems of sustainable development of the BRICS countries.

    At the thematic session “Artificial Intelligence and Education in the BRICS Countries”, Olga Ergunova presented a report “AI Optimization of Human Resource Management in Smart Cities”, based on the results of a large-scale scientific project supported by the Russian Science Foundation (grant No. 25-28-01469). She described in detail the neural network model developed under the auspices of the RSF for forecasting and managing labor markets in the BRICS megacities (Shanghai, Bangalore, Moscow, Sao Paulo).

    Olga Ergunova drew the attention of those gathered to a successful example of comprehensive cooperation between the BRICS countries — the international competition for young researchers “SMART CITY 2030: Sustainable Development Management of BRICS Cities”. The event was first held in 2024 in pilot mode and generated considerable interest. In 2025, the co-organizers of the competition are SPbPU, the Russian Institute of Tsinghua University (China), Lovely Professional University (India) and the Federal University of Rio de Janeiro (Brazil). The Rectors’ Forum provided an opportunity to announce the expansion of the competition and invite new representatives of the BRICS countries to participate.

    The SPbPU delegation held talks with existing partner universities in Brazil (these are nine leading universities in the country), and also met with new promising educational institutions and agencies. Among them are the Federal Agency for Technological Education, the Secretariat for Supervision and Development in Higher Education. Both agencies operate under the Ministry of Education of Brazil.

    Polytechnic University signed cooperation agreements with the Federal University of Fluminense and the Federal Rural University of Rio de Janeiro.

    During working meetings and negotiations with rectors and representatives of university delegations, projects in the field of joint research, academic mobility, joint educational programs of double degrees and the organization of summer schools were discussed.

    In the context of changing global educational landscapes, Brazilian universities are becoming key centers for ensuring the scientific and technological sovereignty of the BRICS countries. Their competencies in the field of sustainable development, green economy, bioeconomy, agribusiness, artificial intelligence and other areas, supplemented by Russian fundamental science, form a unique ecosystem of cooperation, its integration into the BRICS educational space through the mechanisms of the BRICS Network University. They allow the creation of new formats of cooperation that combine academic mobility with applied research in areas that are strategic for the countries, noted Vladimir Shchepinin.

    A pleasant surprise was the delegation’s meeting with a 1988 Polytechnic graduate, Electo Eduardo Silva Lora. He is currently a professor and holds the post of head of the Scientific Institute at the Federal University of Itajuba, a leading university in the field of electric power and electrical engineering. Electo Silva Lora spoke excellent Russian and recalled his teachers, professors at the Polytechnic University, with great warmth. He expressed a desire to renew scientific and academic ties with his alma mater and is already interacting with colleagues from the Institute of Power Engineering.

    In addition, Olga Ergunova visited the leading business school of Latin America — FGV EBAPE (Getulio Vargas Foundation), holder of the prestigious “Triple Crown” of accreditations (AACSB, AMBA, EQUIS). She held business negotiations with the director-dean of the school, Professor Flavio Carvalho de Vasconcelos and the head of the international department of Yuna Fontoura.

    Representatives of the school expressed interest in cooperation with SPbPU. During the negotiations, specific steps were outlined: organizing academic exchanges, joint research in the field of innovation management, technological development and sustainable production.

    For FGV EBAPE, it is always valuable to establish connections with leading universities in the world, such as SPbPU. We are interested in developing academic mobility and joint research initiatives, especially in areas related to technology and innovation, – emphasized Flavio Vasconcelos.

    Universities in Brazil represent a huge potential for partnership. Of course, everyone understands the difficulties and cost of logistics between our continents, but even this does not become an obstacle for such innovative projects as, for example, the Smart Cities competition. A number of government agencies support the mobility of Brazilian students, and these opportunities should be used. Brazil has created the strongest scientific centers and technology hubs in the field of research into renewable energy, artificial intelligence, agricultural and food technologies, oil and gas. Colleagues are interested in joint publications, the development of postgraduate programs, international grants for joint research. There is a lot of work to do to turn today’s agreements into real projects with the participation of the Polytechnic University, – Ekaterina Belyaevskaya summed up.

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

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: LCQ22: Chronic Disease Co-Care Pilot Scheme

    Source: Hong Kong Government special administrative region

    LCQ22: Chronic Disease Co-Care Pilot Scheme 

    GOPC PPP(as at end-May 2025)     Patients participating in the GOPC PPP are currently required to pay the HA’s GOPC fee for each consultation (i.e. $50). Each participating patient will receive up to 10 subsidised consultations per year, including treatments for both chronic and episodic illnesses. Upon private doctor’s referral, they can also receive X-ray examinations provided by the HA, or specified laboratory tests and electrocardiography at the HA’s designated private laboratories. When the HA’s new fees (including the GOPC and Family Medicine Specialist Clinic (FMSC) services, will be unify under the name of Family Medicine Outpatient (FMOP) Services, at $150 per consultation and $5 per drug item per four-week period) come into effect on January 1, 2026, the new fees will also be applicable to GOPC PPP patients. The table below lists the consultation subsidy and quarterly drug subsidy received by each patient participating in the GOPC PPP in the past two years:
     

     (Per subsidised consultation)(Per quarter)Chronic Disease Co-Care Pilot Scheme (CDCC Pilot Scheme)

         The Government launched the CDCC Pilot Scheme in November 2023, providing subsidised DM and HT screening services in the private healthcare sector to Hong Kong residents aged 45 or above with no known medical history of DM or HT, so as to achieve the chronic disease management objectives of “early prevention, early identification and early treatment”.   

     
     Co-payment Fee(One-off subsidy) $120 or less
    (One-off)(Per subsidised consultation)Government recommendation: $150
    (Per subsidised consultation)(Per quarter) 

    Co-payment level???(Note 4)Note 5: Percentages may not add up to 100 per cent due to rounding.
    Note 6: Three FDs set co-payment fee at $0.
    Note 7: 370 FDs set co-payment fee at $150.
    Note 8: The highest co-payment fee is $800.

         The Government will strengthen the dual-track, complementary and collaborative model of public and private primary healthcare by providing chronic disease screening and management through private sector FDs and the district health network to the public on a co-payment basis. At the same time, the Government will reposition the HA’s GOPCs to provide comprehensive primary healthcare services specifically for the underprivileged group. To underscore the direction of primary healthcare development, the HA will unify its GOPC and FMSC services under the new name of FMOP Services within this year. The Government will also adopt a primary healthcare service model to gradually integrate suitable patients under the GOPC PPP into the CDCC Pilot Scheme for continued care.Issued at HKT 16:15

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    MIL OSI Asia Pacific News –

  • MIL-OSI Security: 20,000 malicious IPs and domains taken down in INTERPOL infostealer crackdown

    Source: Interpol (news and events)

    11 June 2025

    SINGAPORE – More than 20,000 malicious IP addresses or domains linked to information stealers have been taken down in an INTERPOL-coordinated operation against cybercriminal infrastructure.

    During Operation Secure (January – April 2025) law enforcement agencies from 26 countries worked to locate servers, map physical networks and execute targeted takedowns.

    Ahead of the operation, INTERPOL cooperated with private-sector partners Group-IB, Kaspersky and Trend Micro to produce Cyber Activity Reports, sharing critical intelligence with cyber teams across Asia. These coordinated efforts resulted in the takedown of 79 per cent of identified suspicious IP addresses.

    Participating countries reported the seizure of 41 servers and over 100 GB of data, as well as the arrest of 32 suspects linked to illegal cyber activities.

    What are infostealers?

    Infostealer malware is a primary tool for gaining unauthorized access to organizational networks. This type of malicious software extracts sensitive data from infected devices, often referred to as bots. The stolen information typically includes browser credentials, passwords, cookies, credit card details and cryptocurrency wallet data.

    Additionally, logs harvested by infostealers are increasingly traded on the cybercriminal underground and are frequently used as a gateway for further attacks. These logs often enable initial access for ransomware deployments, data breaches, and cyber-enabled fraud schemes such as Business Email Compromise (BEC).

    Following the operation, authorities notified over 216,000 victims and potential victims so they could take immediate action – such as changing passwords, freezing accounts, or removing unauthorized access.

    Operational highlights

    Vietnamese police arrested 18 suspects, seizing devices from their homes and workplaces. The group’s leader was found with over VND 300 million (USD 11,500) in cash, SIM cards and business registration documents, pointing to a scheme to open and sell corporate accounts.

    As part of their respective enforcement efforts under Operation Secure, house raids were carried out by authorities in Sri Lanka and Nauru. These actions led to the arrest of 14 individuals – 12 in Sri Lanka and two in Nauru – as well as the identification of 40 victims.

    The Hong Kong Police analysed over 1,700 pieces of intelligence provided by INTERPOL and identified 117 command-and-control servers hosted across 89 internet service providers. These servers were used by cybercriminals as central hubs to launch and manage malicious campaigns, including phishing, online fraud and social media scams.

    Neal Jetton, INTERPOL’s Director of Cybercrime, said:

    “INTERPOL continues to support practical, collaborative action against global cyber threats. Operation Secure has once again shown the power of intelligence sharing in disrupting malicious infrastructure and preventing large-scale harm to both individuals and businesses.”

    Notes to editors

    Operation Secure is a regional initiative organized under the Asia and South Pacific Joint Operations Against Cybercrime (ASPJOC) Project.

    Participating countries: Brunei, Cambodia, Fiji, Hong Kong (China), India, Indonesia, Japan, Kazakhstan, Kiribati, Korea (Rep of), Laos, Macau (China), Malaysia, Maldives, Nauru, Nepal, Papua New Guinea, Philippines, Samoa, Singapore, Solomon Islands, Sri Lanka, Thailand, Timor-Leste, Tonga, Vanuatu, Vietnam.
     

    MIL Security OSI –

  • MIL-OSI: Mattermost Names James Mullins as Vice President of Sales for EMEA and APAC

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., June 11, 2025 (GLOBE NEWSWIRE) — Mattermost, Inc., the trusted leader in secure, real-time collaboration and workflow solutions for defense, intelligence, security, and critical infrastructure, today announced the appointment of James Mullins as Vice President of Sales for Europe, Middle East, Africa (EMEA) and Asia Pacific (APAC) regions. Mullins brings more than three decades of experience in technology sales leadership, with a proven track record of driving global sales growth and developing strategic market initiatives.

    “James’ extensive experience in scaling sales organizations and his deep understanding of international markets make him the ideal leader to expand our presence across EMEA and APAC,” said Dave Reardon, CRO at Mattermost. “His expertise in enterprise sales and proven ability to drive growth will be invaluable as we continue to accelerate our global expansion and help more organizations enhance their secure collaboration capabilities.”

    Prior to joining Mattermost, Mullins led the business development function at Ripjar and KYC360, where he successfully implemented sales strategies that drove company growth.

    Throughout his career, he has held senior sales leadership positions where he has built and led high-performing global sales teams from startup to scale-up phases.

    “I’m thrilled to join Mattermost at such an exciting time in the company’s journey,” said Mullins. “The demand for secure, flexible collaboration solutions continues to grow exponentially, particularly among technical teams and organizations with complex security and compliance requirements. I look forward to working with the Mattermost team to expand our global footprint and deliver exceptional value to customers across EMEA and APAC.”

    Mullins has successfully sold into multiple vertical markets including Financial Services, Insurance, Telecommunications, Government, and Oil & Gas. His expertise in driving both sales and market development strategies has consistently delivered strong business results throughout his 30-year career in technology sales.

    In his new role, Mullins will focus on accelerating Mattermost’s growth strategy across EMEA and APAC regions, expanding the company’s enterprise customer base, and strengthening strategic partnerships to enhance market presence.

    About Mattermost

    Mattermost is the Intelligent Mission Environment that delivers secure chat operations and collaborative workflows for mission-critical work in defense, government, and critical infrastructure. Trusted by the U.S. Department of Defense and Fortune 500s, our open core platform powers focused, adaptable, secure, resilient operations across the most demanding environments. The platform supports Mission Operations, DevSecOps, and Cyber Defense with secure messaging, file sharing, audio calling, screen sharing, workflow automation, and AI assistance—available in self-hosted and on-demand deployments from strategic partners. Built on an open source platform shaped by 4,000+ contributors, Mattermost is co-developed with the world’s top security experts to meet the most demanding operational needs. Learn more at mattermost.com.

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    The MIL Network –

  • MIL-Evening Report: Q+A follows The Project onto the scrap heap – so where to now for non-traditional current affairs?

    Source: The Conversation (Au and NZ) – By Denis Muller, Senior Research Fellow, Centre for Advancing Journalism, The University of Melbourne

    Two long-running television current affairs programs are coming to an end at the same time, driving home the fact that no matter what the format, they have a shelf life.

    The Project on Channel 10 will end this month after 16 years, and after 18 years on the ABC, Q+A will not return from its current hiatus.

    Each was innovative in very different ways.

    Q+A was designed specifically to generate public participation. Its format of five panellists, a host and a studio audience of up to 1,000 was a daring experiment, because the audience was invited to ask questions that were not vetted in advance.

    This live-to-air approach gave it an edgy atmosphere not often achieved on television. From time to time, the edginess was real.

    In 2022, an audience member made a statement supporting Vladimir Putin’s invasion of Ukraine and repeated Russian propaganda to the effect that Ukraine’s Azov battalion was a Nazi group that had killed an estimated 13,000 people in the Donbas region.

    After a brief discussion of these allegations, the host Stan Grant asked the man to leave, saying other audience members had been talking about family members who were dying in the war, and he could not countenance the advocating of violence.

    In 2017 the Sudanese-Australian writer Yassmin Abdel-Magied was involved in a fiery exchange with Senator Jacqui Lambie over sharia law.

    They had been asked by an audience member if it was time to define new rules surrounding migration to avoid community conflict, to which Lambie replied: “Anyone that supports sharia law should be deported.”

    Abdel-Magied questioned if Lambie even knew what that meant, before getting into a heated defence of feminism and Islam.

    In 2024, an audience member listening to politicians on the panel debate family violence could not contain his frustration, calling out:

    How dare you go into politics, in an environment like this, when one woman is murdered every four days, and all you […] can do is immediately talk about politics? That is just disgraceful.

    His outburst went viral.

    He had put his finger on what was an increasing problem with the program. It became hostage to fixed political positions among those of its panellists drawn from party politics.

    As a result, it became predictable, and although the surprise element supplied by audience participation remained a strength, the panellists’ responses increasingly became echoes of their parties’ policies.

    While the objective no doubt was to achieve a range of perspectives, it began to look like stage-managed political controversy.

    This is not to criticise the established presenters – Tony Jones, who fronted the program for 11 years, Stan Grant and most recently Patricia Karvelas, all gifted journalists who adroitly managed the time bombs occasionally set off in their midst.

    Unfortunately, especially for Grant, the program was a lightning rod for attacks on the ABC by The Australian newspaper. ABC management’s abandonment of him, after a particularly vicious attack in 2023 over his commentary during coverage of the king’s coronation, was disgraceful.

    Resigning from the program, Grant said: “Since the king’s coronation, I have seen people in the media lie and distort my words. They have tried to depict me as hate filled. They have accused me of maligning Australia. Nothing could be further from the truth.”

    The ABC is promising to continue with audience-participation programming along the lines of Your Say, a kind of online questionnaire which the ABC says was successfully tried during the 2025 federal election.

    How such a format would translate to television is not clear.

    Meanwhile at Ten, there is promise of a new current affairs program, but details are scant.

    The Project will be a hard act to follow. It promised “news done differently” – and it delivered. News stories were given context and a touch of humanity by a combination of humour, accidents, slips of the tongue and the intellectual firepower of Waleed Aly.

    Aly is a Sunni Muslim, and his “ISIL is weak” speech in 2015 spoke directly and passionately to the fears of the public at the peak of one of the many panics over terrorism.

    Inevitably, much of the attention in the wake of the announced closure has been on the celebrated gaffes of long-time presenter Carrie Bickmore, a little rich to be reproduced in a sober article such as this, but findable here.

    It may not be an auspicious time for launching a new current affairs program at Ten. Its ultimate parent company, Paramount, in the United States, is in the process of negotiating a settlement with US President Donald Trump over a trumped-up court case in which the president is suing the company for US$20 billion (A$30.7 billion).

    He says an interview done by another Paramount company, CBS News, with the Democrats’ former presidential nominee Kamala Harris during the election campaign was “deceptively edited”.

    This is said to have no prospect of succeeding in court, but Paramount wishes to merge with Skydance Media and fears the Trump administration would block it if the company doesn’t come across. The Wall Street Journal is reporting it is proposing to settle for $15 million.

    Senior editorial staff at CBS have already resigned in protest at Paramount’s cowardice, so what price editorial independence at Ten?

    Denis Muller 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. Q+A follows The Project onto the scrap heap – so where to now for non-traditional current affairs? – https://theconversation.com/q-a-follows-the-project-onto-the-scrap-heap-so-where-to-now-for-non-traditional-current-affairs-258690

    MIL OSI Analysis – EveningReport.nz –

  • Indian Navy, Coast Guard praised for swift rescue after fire on MV Wan Hai 503

    Source: Government of India

    Source: Government of India (4)

    The Taiwan Government has extended its heartfelt gratitude to the Indian Navy and the Indian Coast Guard for their prompt and professional response in rescuing crew members from the Singapore-flagged merchant vessel MV Wan Hai 503, which caught fire off the Kerala coast.

    In a statement posted on X, the Taiwan representative office in India said, “The Taiwan Government is grateful for the swift rescue operation provided by the Indian Navy and Coast Guard to Wan Hai 503. We wish the missing crew members return safe and the injured recover soon.”

    The Indian Coast Guard continues to lead firefighting efforts on the container ship, which suffered an onboard explosion and blaze while en route from Colombo to Nhava Sheva. As of 5:00 PM on Tuesday, visible flames had reduced, though thick smoke continued to emanate from the vessel, according to the Coast Guard.

    Out of the 22 crew members aboard, 18 have been rescued, while four remain missing. The rescued crew includes several individuals who sustained injuries in the incident.

    The incident occurred approximately 44 nautical miles off the coast of Azhikkal in Kerala. Following the explosion, the crew abandoned the ship due to escalating fire. The merchant vessel was carrying containerised cargo and had an international crew comprising eight Chinese, six Taiwanese, five Myanmarese, and three Indonesian nationals.

    The Chinese Embassy in India also expressed appreciation for the timely assistance provided by Indian authorities. Embassy spokesperson Yu Jing wrote on X, “Our gratitude goes to the Indian Navy and the Mumbai Coast Guard for their prompt and professional rescue. We wish further search operations successful and the injured crew members a speedy recovery.”

    The Indian Coast Guard and Indian Navy continue coordinated efforts to control the fire and locate the missing crew members. Search and rescue operations are ongoing.

    -ANI

  • India sees radical change in transport infrastructure over the last 10 years

    Source: Government of India

    Source: Government of India (4)

    India has witnessed an unprecedented scale of infrastructure development over the past decade, driven by the success of a holistic and integrated approach under major national initiatives like PRAGATI, PM GatiShakti, the National Logistics Policy, Bharatmala, Sagarmala, and UDAN, according to an official report released on Wednesday.

    The report encapsulates the rapid transformation that has taken place in the country’s transport infrastructure across the highways, railways, maritime and civil aviation sectors of the economy on the back of massive investments made by the Central government in the last 10 years.

    The report highlights that PM GatiShakti unified planning across 44 ministries and 36 states/UTs on a GIS-based platform. Launched in 2021, the PM GatiShakti national master plan is a comprehensive initiative to improve multimodal infrastructure connectivity across India’s economic zones. Rs 100 lakh crore is being efficiently utilised through this integrated platform. Anchored on seven key sectors — railways, roads, ports, waterways, airports, mass transport, and logistics infrastructure — it promotes synchronised development across ministries and state governments.

    The length of India’s national highways network increased by 60 per cent from 91,287 km to 1,46,204 km during the last decade, with the pace of highway construction accelerating to 34 km/day from 11.6 km/day in 2014. There is an increase of 6.4 times in the Centre’s investment in road infrastructure between 2013-14 and 2024-25. The road transport and highway budget has shot up by 570 per cent from 2014 to 2023-24.

    The budget for Indian Railways has increased by more than nine times since 2014. The higher investment is reflected in the introduction of new Vande Bharat semi-high-speed trains covering 24 states/UTs along with 333 districts. A total of 68 Vande Bharat Trains are currently operational in the country, while another 400 world-class Vande Bharat trains are planned to be manufactured.

    More than 31,000 km of new tracks have been laid since 2014, and over 45,000 km of tracks have been renewed since 2014. The pace of electrification of the track network has jumped from 5,188 route km between 2004-14 to more than 45,000 route km being electrified in 2014-25. Electrification has enabled annual savings of Rs 2,960 crore for railways (up to February 2025), ensuring greater financial efficiency, the report states.

    It further highlights that the country’s port capacity has doubled to 2,762 MMTPA in the last 10 years, with the overall turnaround time for ships improving from 93 to 49 hours. As many as 277 projects have been completed under Sagarmala in the big push to port infrastructure.

    The report also lists major projects that have been completed in the ports sector, including the Vizhinjam International Deepwater Multipurpose Seaport. Inaugurated on May 2, 2025, by Prime Minister Narendra Modi, this Rs 8,800 crore project is India’s first dedicated container transshipment port. Strategically located near international shipping routes, it can host the world’s largest cargo ships. The port significantly reduces India’s reliance on foreign ports and enhances economic activity in Kerala.

    The New Dry Dock (NDD) at Cochin Shipyard Limited has been constructed at a cost of Rs 1,800 crore, with a length of 310 meters and a depth of 13 meters. It is capable of handling aircraft carriers of up to 70,000 tons. Besides, an international Ship Repair Facility has been set up in Cochin.

    India’s Inland waterways cargo has risen by 710 per cent (from 18 MMT to 146 MMT) in the last 10 years. Approval has also been given for Rs 5,370 crore investment to augment the capacity of National Waterway-1 (Haldia to Varanasi), this major inland navigation initiative enhances cargo movement on the Ganga River, the report points out.

    The report also highlights that new routes and new airports have been added to the civil aviation landscape of the country. The number of airports operational in India has gone from 74 in 2014 to 160 in 2025. The Cabinet Committee on Economic Affairs (CCEA) has approved the revival and development of unserved and underserved airports at a total cost of Rs 4,500 crore. In addition, the Expenditure Finance Committee also approved an amount of Rs 1,000 crore for the development of 50 more airports, heliports and water aerodromes under the UDAN scheme. This flagship scheme, launched in June 2016 to create affordable, yet economically viable and profitable air travel on regional routes, has been a big success with over 1.51 crore passengers having flown on these regional flights, the report added.

    (IANS)

  • From clay to spray: Nadal’s team leads electric charge on Adriatic waves

    Source: Government of India

    Source: Government of India (4)

    As Rafa Nadal gets used life after tennis, he has let go of his racquets to spend time on the Adriatic waves, steering his Team Rafa into electric powerboat racing’s E1 World Championship in Dubrovnik.

    Days after the retired 14-times Roland Garros champion was immortalised at the French Open with a permanent footprint on centre court’s famed red clay, the Spaniard’s racing team tops a tightly contested series heading into the Croatian round, following a dramatic victory last time out in Doha.

    Team Rafa  currently leads the standings following success in Doha, as the electric boat racing series begins its European leg on June 13-14 along Croatia’s coast.

    The tennis great’s boat is piloted by Spanish professional jet ski racer Cristina Lazarrage and Frenchman Tom Chiappe.

    The E1 World Championship is the first all-electric raceboat series sanctioned by powerboating’s global governing body, the Union Internationale Motonautique (UIM), and is designed to accelerate innovation in sustainable marine technology and coastal conservation.

    Teams featuring both male and female pilots compete in electric-powered RaceBird boats, racing through urban water circuits in iconic global cities.

    Celebrity owners include LeBron James, Tom Brady, Virat Kohli and Didier Drogba as well as 22-times Grand Slam champion Nadal.

    The championship continues to Lake Maggiore and Monaco before concluding in Miami, where “Champions of the Water” will be crowned on Nov. 8.

    -REUTERS

  • MIL-OSI: Heilind Asia Pacific Gear Up for Fastener Expo Shanghai 2025

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, June 11, 2025 (GLOBE NEWSWIRE) — Heilind Electronics is one of the world’s leading distributors for interconnect, electromechanical, fastener and sensor products. Heilind Asia Pacific, headquartered in Hong Kong and established in December 2012, taking place from June 17 to 19 at the National Exhibition and Convention Center (Shanghai) and will be showcasing a broad portfolio of advanced fastening products & solutions, designed to meet the evolving needs of industries such as automotive, industrial automation, energy, and consumer electronics.

    As part of our ongoing commitment to bringing top-tier interconnect and fastening innovations to Asia’s growing industrial market, join Heilind at Booth #1E510 in Hall 1.1, Heilind Asia Pacific is looking forward to engaging with engineers, procurement professionals, and partners across the supply chain. Technical specialists will be on-site to provide live demonstrations and application consultations.

    Event Details:

    Booth 1E510 Hall 1.1– Heilind Asia Pacific

    June 17–19, 2025

    National Exhibition and Convention Center (Shanghai)

    About Heilind Electronics
    Heilind Electronics is one of the world’s leading distributors for interconnect, electromechanical, and sensor products. As the industry’s preeminent distributor, Heilind stocks the largest inventory of connector products in North America. We are Heilind franchised for over 150 of the industry’s leading manufacturers and offer products in over 25 component categories including connectors, relays, sensors, switches, thermal management and circuit protection products, terminal blocks, antennas, wire and cable, wiring accessories, insulation and identification products. Heilind has locations throughout the U.S., Canada, Mexico, Brazil, Singapore, Hong Kong, and China.

    Heilind Asia Pacific (www.heilindasia.com) commenced operations in Dec 2012. Besides being headquartered in Hong Kong, where it also has a distribution center and a value-added center, Heilind Asia now has 24 locations & 5 warehouses throughout Asia. Our industry leading service offering to customers in the Asia Pacific is the result of a commitment to the belief of “Distribution As It Should Be.”

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/90b27639-34ee-4c22-a54e-5d1dbdc242de

    The MIL Network –

  • MIL-OSI: CREDIT AGRICOLE FINANCEMENT DE L’HABITAT SFH : EARLY REPURCHASE OF ISIN FR001400JLZ4

    Source: GlobeNewswire (MIL-OSI)

    Montrouge, June 11, 2025

    Crédit Agricole Financement de l’Habitat SFH ANNOUNCES EARLY REPURCHASE OF

    EUR 3,250,000,000 “obligations de financement de l’habitat” Fixed Rate Notes issued on July 28, 2023 and due December 15, 2025 (ISIN: FR001400JLZ4)*

    Crédit Agricole Financement de l’Habitat SFH (the “Issuer”) announces today the early repurchase (the « Repurchase ») with effect on June 16, 2025 (the « Repurchase Date ») of all of its outstanding EUR 3,250,000,000 “obligations de financement de l’habitat” Fixed Rate Notes issued on July 28, 2023 and due December 15, 2025 (ISIN: FR001400JLZ4) (the « Notes ») pursuant to the Terms and Conditions of the Notes (the “Terms and Conditions”) included in the prospectus dated July 20, 2023, which was granted the visa n°23-326 by the Autorité des marchés financiers on July 20, 2023 (the “Prospectus”) at the market value determined today thereof, together with any accrued interest thereon (the “Repurchase Amount”).

    The holders of the Notes formally accepted the Repurchase of the Notes at these conditions.

    For further information on Crédit Agricole S.A., please see Crédit Agricole S.A.’s website: https://www.credit-agricole.com/en/finance

    DISCLAIMER

    This press release does not constitute an offer to buy or the solicitation of an offer to sell the Notes in the United States of America, Canada, Australia or Japan or in any other jurisdiction. The distribution of this press release in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required to inform themselves about, and to observe, any such restrictions.

    No communication or information relating to the redemption of the Notes may be distributed to the public in a country where a registration obligation or an approval is required. No action has been or will be taken in any country where such action would be required. The redemption of the Notes may be subject to specific legal and regulatory restrictions in certain jurisdictions; Crédit Agricole S.A. accepts no liability in connection with a breach by any person of such restrictions.

    This press release is an advertisement; and none of this press release, any notice or any other document or material made public and/or delivered, or which may be made public and/or delivered to the holders of the Notes in connection with the redemption of the Notes is or is intended to be a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council dated 14 June 2017 (as amended, the “Prospectus Regulation”). No prospectus will be published in connection with the redemption of the Notes for the purposes of the Prospectus Regulation.

    This press release does not, and shall not, in any circumstances, constitute an offer to the public of Notes by Crédit Agricole S.A. nor an invitation to the public in connection with any offer in any jurisdiction, including France.

    * The ISIN number is included solely for the convenience of the holders of the Notes. No representation is being made as to the correctness or accuracy of the ISIN number either as printed on the Notes or as contained herein and the holder may rely only on the identification numbers printed on its Note.

    CRÉDIT AGRICOLE S.A. PRESS CONTACT

    Alexandre Barat        + 33 1 57 72 12 19        
    alexandre.barat@credit-agricole-sa.fr
    Olivier Tassain        + 33 1 43 23 25 41        olivier.tassain@credit-agricole-sa.fr

    Find our press release on: www.credit-agricole.com – www.creditagricole.info

    Attachment

    The MIL Network –

  • MIL-OSI China: Wang Zifei, Hu Kai continue golden runs at ISSF World Cup

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

    China’s Wang Zifei and Hu Kai extended their winning streaks in the women’s 10m air rifle and men’s 10m air pistol events respectively, each capturing their third individual gold medal of the season at the ISSF World Cup in Munich.

    At 18, world record holder Wang delivered a stunning qualification performance, breaking both the junior and overall qualification world records with a score of 637.9 to advance to the final.

    In the final, Wang stayed composed and consistent, delivering a series of high 10s. A decisive 10.9 shot near the end gave her a slim lead, allowing her to narrowly defeat South Korea’s Kwon Eun-ji by 0.1 point with a final score of 252.7. India’s Elavenil Valarivan claimed the bronze medal. Fellow Chinese shooter Han Jiayu secured sixth place.

    The win marked Wang’s third straight World Cup gold in the women’s 10m air rifle, keeping her unbeaten record in the event this season after victories in Buenos Aires and Lima. She currently holds all four individual women’s 10m air rifle records over senior and junior categories in this discipline.

    In the men’s 10m air pistol, 23-year-old Hu led qualification with 588 points, but faced stiff competition in the final from Kazakhstan’s Valeriy Rakhimzhan and Christian Reitz of Germany. Hu had a slow start in the final but regained momentum with a series of high-scoring shots, including several over 10.5, to move into medal contention.

    With two shots remaining, Hu responded with a 10.5 and a 10.4 to edge ahead. The Kazakh shooter, who had led most of the contest, closed with a 9.9 and had to settle for silver with 241.9. Reitz took bronze.

    The victory marked Hu’s third straight gold of the season in the event, keeping his unbeaten record in 2025. Another Chinese shooter, Olympic champion Xie Yu, finished fifth.

    With two gold medals on the first competition day, China leads the medal table in Munich, followed by Kazakhstan and South Korea.

    The ISSF World Cup will continue on Wednesday with the men’s 50m rifle 3 positions final and the women’s 25m pistol final. 

    MIL OSI China News –

  • PM Modi hails 11 years of infra revolution, calls it foundation for self-reliant India

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Wednesday lauded the massive infrastructure transformation that has taken place over the past 11 years, calling it a cornerstone of India’s growth and self-reliance.

    In a post on X, PM Modi said, “It’s been 11 Years Of Infra Revolution, with outstanding infrastructure being added that has enhanced India’s growth trajectory. From railways to highways, ports to airports, India’s rapidly expanding infra network is boosting ‘Ease of Living’ and enhancing prosperity.”

    The prime minister added that the country’s focus on next-generation infrastructure is rooted in sustainability and long-term planning. “It is laying the foundations of a self-reliant India,” he said.

    The PM outlined key aspects of this transformation, including the development of modern highways and ropeways, the unlocking of India’s maritime potential, and affordable air travel under the UDAN scheme. He also pointed to major upgrades in the rail sector, such as the rollout of Vande Bharat trains, the launch of the Amrit Bharat Express, and the modernisation of stations under the Amrit Bharat scheme.

    The BJP-led NDA government has completed 11 years in office, with infrastructure projects being a key focus of its development agenda. PM Modi, who assumed office on May 26, 2014, has described this period as a “transformative decade of development.”

    In celebration of this milestone, the government has been highlighting achievements across sectors — with infrastructure at the forefront as a symbol of India’s march towards becoming Viksit Bharat by 2047.

    IANS

  • MIL-Evening Report: Sanctioning extremist Israeli ministers is a start, but Australia and its allies must do more

    Source: The Conversation (Au and NZ) – By Jessica Whyte, Scientia Associate Professor of Philosophy and ARC Future Fellow, UNSW Sydney

    The Australian government is imposing financial and travel sanctions on two far-right Israeli ministers: Itamar Ben-Gvir (the national security minister) and Bezalel Smotrich (finance minister).

    This is a significant development. While Australia has previously sanctioned seven individual Israeli settlers, Ben-Gvir and Smotrich are the most high-profile Israeli nationals to face such sanctions.

    Civil society organisations have long called for sanctions against these ministers and others in the Israeli cabinet.

    Australian Foreign Minister Penny Wong previously rebuffed such calls by saying that “going it alone gets us nowhere”. These latest sanctions have been imposed by a coalition of five states: Australia, Canada, New Zealand, Norway and the United Kingdom.

    A joint statement by the foreign ministers of these countries says Ben Gvir and Smotrich “have incited extremist violence and serious abuses of Palestinian human rights.”

    Explaining the sanctions further, Wong told ABC Smotrich and Ben-Gvir are the “most extreme proponents of the unlawful and violent Israeli settlement enterprise”.

    A history of violent statements

    There is no doubt both men are extremists.

    Ben-Gvir, who is responsible for Israel’s police force, was convicted of racist incitement in 2007.

    As national security minister, he has handed out thousands of assault rifles to West Bank settlers. He has also boasted he’s worsened the “abominable conditions” of Palestinian prisoners.

    Smotrich has overseen a dramatic expansion of unlawful settlements in the West Bank. He’s vowed to annex the occupied Palestinian territory, in violation of international law.

    He has also complained no one would allow Israel “to cause two million civilians to die of hunger, even though it might be justified and moral until our hostages are returned.”

    Last month, he argued that “until the last hostage is returned, we should not even be sending water” to Gaza.

    The joint statement by the foreign ministers explains Ben-Gvir and Smotrich have been sanctioned for “inciting violence against Palestinians in the West Bank”.

    The statement notes these measures “cannot be seen in isolation from the catastrophe in Gaza”. However, it also goes on to express “unwavering support for Israel’s security” and vows to “continue to work with the Israeli government”.

    It does not note that the International Court of Justice has found Palestinians in Gaza are facing a plausible risk of genocide.

    Nor does it make clear Ben-Gvir and Smotrich are not bad apples; they are integral members of the far-right Israeli government that is responsible for the destruction of Gaza and the starvation of its people.

    Indeed, just this week, a UN independent fact-finding commission report found Israel was committing the “crime against humanity of extermination” in Gaza, among other war crimes.

    What are Magnitsky sanctions?

    Smotrich and Ben-Gvir have been sanctioned under Australia’s Autonomous Sanctions Act 2011. This act grants the foreign minister broad discretionary powers to impose sanctions.

    In 2021, the Australian government amended this act to allow the government to impose sanctions on specific “themes”, such as:

    • serious violations or serious abuses of human rights
    • threats to international peace and security
    • activities undermining good governance or the rule of law, including serious corruption.

    These targeted sanctions on human rights abuses are often called “Magnitsky-style sanctions” after the Russian lawyer Sergei Magnitsky, who died in custody after exposing serious corruption in Russia. They enable a government to freeze the assets of and impose travel bans on individuals and specific entities, not just countries.

    Since coming into force, Australia has imposed the Magnitsky-style sanctions on numerous Russian military leaders, members of Myanmar’s junta, and the commander in chief of the Iranian Army.

    But Australia does not only sanction individuals from these countries. It also imposes country-wide sanctions on Russia, Myanmar and Iran.

    These broader sanctions restrict all trade in arms, including weapons, ammunition, military vehicles and equipment, as well as spare parts and accessories.

    Australia can – and should – do more

    The Australian Centre for International Justice, which had lobbied the government to sanction Smotrich and Ben-Gvir, welcomed the decision. It called it:

    an important demonstration of Australia’s commitment to upholding international law and human rights.

    But the centre’s acting executive director, Lara Khider, stressed the need for further concrete action. This includes “the imposition of a comprehensive two-way arms embargo on Israel”.

    Indeed, sanctions are not just political or diplomatic tools that states can apply at their discretion. International law can require states to apply sanctions, such as through a resolution of the UN Security Council.

    Last July, the International Court of Justice declared that Israel’s occupation of the West Bank and Gaza, including its imposition of a regime of racial segregation, is unlawful.

    In that advisory opinion, the court also clarified the legal obligations of all states concerning Israel’s occupation of Palestine. Such obligations include the duty on all states to “take steps to prevent trade or investment relations that assist in the maintenance of the illegal situation”.

    Nothing less than a two-way trade and arms embargo is adequate now. Just as Australia imposes such sanctions on Russia, Myanmar and Iran, it must do the same for Israel.

    Jessica Whyte receives funding from the Australian Research Council. With Sara Dehm, she co-authored a submission to the 2024 inquiry into Australia’s sanctions regime which criticised Australia’s failure to impose sanctions on the state of Israel.

    Sara Dehm receives funding from the Australian Research Council. With Jessica Whyte, she co-authored a submission to the 2024 inquiry into Australia’s sanctions regime which criticised Australia’s failure to impose sanctions on the state of Israel.

    – ref. Sanctioning extremist Israeli ministers is a start, but Australia and its allies must do more – https://theconversation.com/sanctioning-extremist-israeli-ministers-is-a-start-but-australia-and-its-allies-must-do-more-258688

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Asia-Pac: 2024 Vehicle Fuel Economy Guide and Vehicle Fuel Efficiency Ranking Released

    Source: Republic of China Taiwan

    To assist the public to select vehicles of high energy efficiency, the Energy Administration, Ministry of Economic Affairs, not only publishes monthly information online on the fuel efficiency of newly certified models, but also compiles these data annually into the “Vehicle Fuel Economy Guide”. To further encourage the public adoption of energy-saving and carbon-reducing electric vehicles, the “2024 Vehicle Fuel Economy Guide” also includes energy efficiency information of electric vehicles that have been tested and certified (please refer to the electric-vehicle pages).

    The top three vehicles in each fuel-saving vehicle ranking (non-electric) category in the 2024 Vehicle Fuel Economy Guide are shown below:

    Among passenger cars, the top three are all hybrid vehicles: Honda FIT A522H1502 1498c.c. A1 5D, LEXUS LBX HYBRID 1490c.c. CVT 5D and TOYOTA CAMRY HYBRID 2487c.c. CVT 4D, where the Honda FIT A522H1502 1498c.c. A1 5D manufactured by Honda Motor Co., Ltd., ranks first with a fuel economy of 26.9 km/L.

    Among commercial vehicles, the top three are TUCSON NX4H-C 1598c.c. A6 5D, TUCSON NX4H-A 1598c.c. A6 5D and CITROEN BERLINGO VAN (XL) 1499c.c. A8 5D (diesel), where the TUCSON NX4H-C 1598c.c. A6 5D manufactured by Sanyang Motor Co., Ltd., ranks atop the list with a fuel economy of 21.1 km/L.

    Among motorcycles (tested by “Fuel Economy Test Method for Motorcycles”), the top three are all from the HONDA SUPER CUB series, where the HONDA SUPER CUB 109.5c.c. M4 imported by RON-LI SUPER MOTORS CO., LTD., takes the top spot with a fuel economy of 95.9 km/L.

    According to the Energy Administration, to maximize energy-saving and carbon-reducing results for vehicles, it is important to not only carefully choose energy-saving vehicles but also to keep good driving habits and maintain vehicles in good conditions, such as reducing vehicle load, accelerating and decelerating smoothly, maintaining proper tire pressure and avoiding periods long idling. These are all effective ways of improving fuel economy.

    The Energy Administration also clarified that the energy efficiency values published in the 2024 Vehicle Fuel Economy Guide were measured under standardized laboratory conditions. In real world driving, fuel economy may be affected by various factors such as weather, road and traffic conditions, usage of air conditioning and individual driving habits. Therefore, the actual number of kilometers traveled per liter of gasoline (or diesel) or kilowatt-hour of electricity may be lower than the values shown in the Guide.

    The “2024 Vehicle Fuel Economy Guide” has been published on the Energy Administration’s official website (https://www.moeaea.gov.tw), and welcome to download. For some specific vehicle models, please visit the following website (https://auto.itri.org.tw) and click on the “Vehicle Energy Efficiency Inquiry” or “Energy Efficiency for Electric Vehicles”.

    Spokesperson: Deputy Director General, Chih-Wei Wu
    Energy Administration, Ministry of Economic Affairs
    Phone Number: 02-2775-7750
    Mobile: 0922-339-410
    Email: cwwu@moeaea.gov.tw

    Business Contact: Director, Shu-Fang Kao
    Energy Administration, Ministry of Economic Affairs
    Phone Number: 02-2775-7773
    Mobile: 0918-400-668
    Email: sfkao@moeaea.gov.tw

    MIL OSI Asia Pacific News –

  • India’s infrastructure sees rapid progress in last decade as capex surges: FM Sitharaman

    Source: Government of India

    Source: Government of India (4)

    India’s infrastructure has seen rapid progress in the last decade, as capital expenditure surged from Rs 2 lakh crore in 2014-15 to Rs 11.21 lakh crore in 2025-26 – a significant six times increase towards the ‘Viksit Bharat’ goal, Finance Minister Nirmala Sitharaman said on Wednesday.

    “India’s Infrastructure has seen rapid progress in the last decade under the leadership of Prime Minister Narendra Modi. Allocation for capital expenditure at its highest-ever at Rs 11.21 lakh crore during FY2026,” FM Sitharaman said in a post on X.

    “A leap of more than 860 per cent in budget allocation for road transport to Rs 3+ lakh crore. Four times surge in Metro Rail Network from just 248 KM in 2014 to 1011 KM in 2025,” she added.

    Finance Minister further stated that from Atal Tunnel to Chenab Bridge, India’s engineering feats are transforming its landscape.

    “These marvels exemplify PM Modi’s vision for a modern, connected and prosperous Bharat,” said FM Sitharaman.

    According to her, India’s push for next-gen infrastructure is powered by sustainability and long term vision.

    “It is laying the foundations of a self-reliant India,” said the Finance Minister.

    The government was poised to surpass its revised capital expenditure (capex) target of Rs 10.18 lakh crore for FY25 by a modest margin.

    The capex target was lowered to Rs 10.18 lakh crore (revised estimates) in the Union Budget 2025-26, from Rs 11.1 lakh crore. For current fiscal (FY26), a capex allocation of Rs 11.21 lakh crore has been set by the government.

    According to Union Finance Minister Nirmala Sitharaman, the Indian economy will continue to be the world’s fastest-growing economy backed by the increase in the government’s capital expenditure in the Budget for 2025-26 and rising consumption levels, especially in the rural areas.

    The effective capital expenditure works out to 4.3 per cent of the GDP in the Budget for 2025-26 while the fiscal deficit is 4.4 per cent.

    (With inputs from IANS)

  • India’s defence exports surge 34-fold in 11 years of Modi government

    Source: Government of India

    Source: Government of India (4)

    India’s defence sector has undergone a remarkable transformation over the past eleven years, with exports reaching a record high of ₹23,622 crore in 2024–25. This marks a 34-fold increase from ₹686 crore in 2013–14, underlining the Modi government’s commitment to making India self-reliant and globally competitive in defence manufacturing.

    The growth in defence exports has been the result of focused policy reforms, a clear strategic vision, and consistent efforts to strengthen domestic capabilities. Over the years, the government has taken several initiatives to ease export procedures, encourage private sector participation, and expand the range of products available for the international market.

    In the financial year 2024–25 alone, India granted 1,762 export authorisations, reflecting a 16.92 percent rise from the previous year. The number of defence exporters also saw an increase of 17.4 percent, pointing to the growing participation of Indian firms in the global defence supply chain.

    Defence exports from the private sector stood at ₹15,233 crore, while Defence Public Sector Undertakings (DPSUs) contributed ₹8,389 crore. In comparison, the previous year had seen exports worth ₹15,209 crore from private players and ₹5,874 crore from DPSUs. The 42.85 percent increase in DPSU exports is seen as a strong indication of growing international trust in Indian defence products and the deepening integration of Indian manufacturing into global supply chains.

    India’s export portfolio has diversified significantly over the last decade. Today, the country supplies bulletproof jackets, Dornier (Do-228) aircraft, Chetak helicopters, fast interceptor boats, radars, and lightweight torpedoes to over 100 countries. The United States, France, and Armenia have emerged as key buyers, reflecting India’s growing reputation as a reliable defence partner.

    A landmark development came in January 2022, when BrahMos Aerospace Private Limited signed a $375 million deal with the Philippines for the supply of a Shore-Based Anti-Ship Missile System. The contract was a major step forward in India’s efforts to promote responsible defence exports and showcased the technological maturity of Indian systems.

    As the Modi government marks 11 years in office, the defence sector stands out as a clear success story. With a target of ₹50,000 crore in defence exports by 2029, India is steadily moving towards becoming a global hub for defence production.

  • MIL-Evening Report: Malaria has returned to the Torres Strait. What does this mean for mainland Australia?

    Source: The Conversation (Au and NZ) – By Cameron Webb, Clinical Associate Professor and Principal Hospital Scientist, University of Sydney

    Aspect Drones/Shutterstock

    Malaria is one of the deadliest diseases spread by mosquitoes. Each year, hundreds of millions of people worldwide are infected and half a million people die from the disease.

    While mainland Australia was declared malaria-free in 1981, from time to time travellers return to Australia with an infection.

    Infections from local mosquitoes are incredibly rare. However, last week two cases of locally acquired malaria were reported in the Torres Strait.

    So what does this mean for local communities? And is this a risk for mainland Australia?

    What is malaria?

    Unlike other mosquito-borne disease, malaria is caused by protozoan parasites, not viruses. These parasites belong to the Plasmodium genus. While five of these parasites are considered a human health concern, Plasmodium falciparum poses the most serious threat.

    Symptoms can be mild and include fever, chills and headache. But sometimes people develop severe symptoms, such as fatigue, confusion, seizures and difficulty breathing.

    Without appropriate medical care, the disease can be fatal. Those most at risk of life-threatening illness include infants, children under five years, pregnant women and patients with HIV and AIDS.

    How does it spread?

    Malaria parasites are spread by the bite of a mosquito carrying the malaria parasite.

    Not all mosquitoes can carry the parasite. The group of mosquitoes responsible for most malaria transmission is called Anopheles. Aedes and Culex mosquitoes, which are typically associated with the spread of viruses, don’t transmit malaria to people.

    The Anopheles group of mosquitoes play an important role in transmitting malaria parasites.
    Cameron Webb (NSW Health Pathology), CC BY-NC-ND

    While there are medications available to prevent malaria, and these are routinely recommended to travellers, this is not a sustainable approach for communities within regions at risk. The cost of medications, as well as the risk parasites may develop resistance to medications over time, are barriers for routine use in high risk countries.

    Alternative strategies include using insecticide-treated bed nets and controlling mosquitoes by spraying insecticide on and around homes. Early diagnosis and treatment of those suspected to have an infection is also crucial.

    ‘Imported’ versus ‘locally acquired’ infections

    There is an important distinction between “imported” and “locally acquired” cases of malaria.

    “Imported” cases mean the person has been infected overseas and returned to Australia, where they’ve been diagnosed and treated. These cases appear in official statistics but are not the result of local mosquito bites.

    “Locally acquired” cases are where a person is infected without any overseas travel. These cases often result from the parasites first introduced into Australia by infected travellers. The travellers are then bitten by local mosquitoes that go on to bite and spread the pathogens to people who haven’t travelled.

    The last locally acquired malaria outbreak in mainland Australia occurred in 2002, when ten people were infected in Far North Queensland.

    When this happens, it indicates local mosquitoes are carrying the malaria parasites and there is a significant risk further infections have occurred (but are not yet diagnosed) or may be diagnosed in the near future. Mosquito control or other initiatives are required to prevent larger outbreaks.

    In the case of the Torres Strait, there is also the risk infected mosquitoes are transported, either by wind or boats, from Papua New Guinea.

    So, what’s happening in the Torres Strait?

    Queensland Health is currently investigating two recent cases of locally acquired malaria on Saibai Island.

    But cases of locally acquired malaria aren’t unusual in the Torres Strait. They’re often suspected to be linked to movement of people into the islands from PNG, a country that reports more than a million suspected cases of malaria each year.

    Previous locally acquired malaria cases in the Torres Strait were reported in 2023. Before that, a single case was reported in 2013 and eight cases in 2011.

    The tropical climate of the Torres Strait and presence of Anopheles mosquitoes means conditions are right for local spread once the parasites are introduced, either through infected mosquitoes or people.



    Read more:
    Torres Strait Islanders face more than their fair share of health impacts from climate change

    Could malaria spread to mainland Australia?

    Since the 1980s, there have only been a small number of cases reported on mainland Australia. The majority are in travellers returning to Australia who were infected overseas.

    Historically, malaria cases were reported in many parts of the country, especially in the 1940s, including suburbs around Sydney when soldiers infected overseas returned to Australia.

    The mosquitoes capable of spreading the parasites then are still present today. While the most important malaria mosquito in Australia, Anopheles faurati, is limited to northern regions of coastal Australia, Anopheles annulipes is widespread across much of the country.

    But just because the mosquitoes are there, it doesn’t mean there will be an outbreak of malaria.

    The parasite needs to be introduced and it needs to be warm enough for it to complete its life cycle in local mosquitoes. The cooler it is, the less likely that is to happen, even if suitable mosquitoes are present.

    The parasites also face additional challenges. Infected people need to be bitten by local Anopheles mosquitoes, not just any mosquitoes. And with modern health-care systems in Australia, untreated sick people are less likely to be exposed to mosquito bites.

    Malaria is one of the mosquito-borne pathogens considered at risk of increasing as a result of climate change. But there are many other factors at play that will determine future outbreak risk in mainland Australia, especially outside the tropical north of the country, such as a changing climate and seasonal changes in numbers and types of mosquitoes.

    How to stay safe

    The most important way local communities and visitors to the Torres Strait can stay safe is to avoid mosquito bites.

    Cover up when possible with long-sleeved shirts, long pants and covered shoes and apply an insect repellent.

    Insect screens, whether on buildings or in the form of bed nets will also provide protection overnight.



    Read more:
    Mozzies biting? Here’s how to choose a repellent (and how to use it for the best protection)

    Cameron Webb and the Department of Medical Entomology, NSW Health Pathology and University of Sydney, have been engaged by a wide range of insect repellent and insecticide manufacturers to provide testing of products and provide expert advice on medically important arthropods, including mosquitoes. Cameron has also received funding from local, state and federal agencies to undertake research into various aspects of mosquito and mosquito-borne disease management.

    – ref. Malaria has returned to the Torres Strait. What does this mean for mainland Australia? – https://theconversation.com/malaria-has-returned-to-the-torres-strait-what-does-this-mean-for-mainland-australia-258289

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Asia-Pac: Applications for new niches at Wo Hop Shek, Cape Collinson-San Ha and Shek Mun Columbariums to close on June 18

    Source: Hong Kong Government special administrative region

    Applications for new niches at Wo Hop Shek, Cape Collinson-San Ha and Shek Mun Columbariums to close on June 18 
    Hong Kong Cemeteries and Crematoria Office
    Address: 1J Wong Nai Chung Road, Happy Valley, Hong Kong
    Tel: 2570 4318
    Fax: 2591 1879Address: Upper Ground Floor, 6 Cheong Hang Road, Hung Hom, Kowloon
    Tel: 2365 5321
    Fax: 2176 4963Address: Units 3501-3511 and 3520-3525, 35/F, Tower 1, Metroplaza, 223 Hing Fong Road, Kwai Fong, NT
    Tel: 2330 5635
    Fax: 2333 1716
    Issued at HKT 15:15

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Africa: Philippines and Angola Explore Tourism Cooperation in First Bilateral Business Forum


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    The Philippine Embassy in Lisbon, together with the PH-Angola  Chamber of Commerce and Industry (CCIAF), and in coordination with the Philippine  Department of Tourism (DOT), Asian Institute of Management (AIM), Philippine  Chamber of Commerce and Industry (PCCI), Angola’s Ministry of Tourism, and AIPEX,  successfully held the First Philippines-Angola Business Forum on Sustainable Tourism on 30 May 2025 via virtual platform. 

    The Forum was held at the Philippine Honorary Consulate General’s Office in  Dipanda, Angola, under the leadership of Honorary Consul General Etienne Brechet,  with Honorary Consul Megan Brechet-Amamou as Forum host. 

    With the theme “Sustainable Tourism: A Pathway to Economic and Cultural  Development,” the Forum brought together government officials, private sector  representatives, and tourism stakeholders from both countries to explore opportunities  for bilateral cooperation, tourism development, and sustainable investment, with  particular focus on promoting Namibe Province as an emerging tourism destination. 

    The Philippine side shared its experiences in tourism policy development, post pandemic recovery efforts, sustainable tourism strategies, and private sector engagement. Presentations covered the Philippines’ legal and institutional  frameworks, ecotourism strategies, tourism infrastructure investments, and  approaches to ensuring that tourism development preserves cultural heritage and  ecological integrity. 

    Angola’s delegation, led by Angola’s Ministry of Tourism and CCIAF, presented the tourism potential of Namibe province, identifying opportunities in eco- and adventure  tourism, resort development, and cultural tourism, and expressed keen interest in  building business partnerships with Philippine stakeholders. 

    The Angolan side also conveyed their utmost appreciation for the comprehensive  presentations provided by the Philippine speakers and expressed a strong desire to  learn from the Philippines’ expertise in sustainable tourism development. 

    The Forum concluded with mutual interest in pursuing reciprocal business missions, tourism training exchanges, and joint promotional efforts to advance sustainable  tourism cooperation between the Philippines and Angola.

    Distributed by APO Group on behalf of Department of Foreign Affairs, Republic of the Philippines.

    MIL OSI Africa –

  • MIL-OSI USA: Rep. Johnson’s Statement on the White House Deploying National Guard to Los Angeles

    Source: United States House of Representatives – Representative Hank Johnson (GA-04)

    Congressman Hank Johnson (GA-04) released the following statement on the White House deploying 2,000 National Guard troops to Los Angeles during protests against Trump’s immigration policies:

    “President Trump’s unilateral deployment of the National Guard onto the streets of Los Angeles at a time when state and local law enforcement were defusing the fallout from ICE raids that terrorized immigrant neighborhoods and workplaces, was a move calculated to escalate what had been largely peaceful protests into violence that would create a pretext for suspending habeas corpus and imposing Martial Law.

    “Similar to the Chinese Communist Party government crackdown on the pro-democracy movement in Hong Kong, Martial Law would create the opportunity for Trump to crackdown on dissent throughout America, stifling freedom and liberty as the 250-year anniversary of the Declaration of Independence from monarchal tyranny approaches.”

    “I stand with my brothers and sisters who are peacefully protesting not only the cruelty of Donald Trump’s immigration crackdowns but the dictatorship he so desperately is trying to create, and I urge all those engaging in protest and demonstrations to remain non-violent. The time is now for all good people to find and get into trouble. Good trouble. Necessary trouble.”

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    MIL OSI USA News –

  • US envoy says he does not think Palestinian state is US policy goal

    Source: Government of India

    Source: Government of India (4)

    Washington’s ambassador to Israel said he did not think an independent Palestinian state remains a U.S. foreign policy goal, prompting the State Department to say he spoke for himself while the White House referred to past comments from President Donald Trump expressing doubts about a two-state solution.

    “I don’t think so,” U.S. Ambassador Mike Huckabee said in an interview with Bloomberg News published on Tuesday, when asked if a Palestinian state remains a goal of U.S. policy.

    Asked about Huckabee’s comments, the White House referred to remarks earlier this year by Trump when he proposed a U.S. takeover of Gaza, which was condemned globally by rights groups, Arab states, Palestinians and the U.N. as a proposal of “ethnic cleansing.”

    The White House also referred to remarks by Trump from last year before he won the 2024 election when he said: “I’m not sure a two-state solution anymore is going to work.”

    Asked whether Huckabee’s remarks represented a change in U.S. policy, State Department spokesperson Tammy Bruce declined to comment on Tuesday, saying policy-making was a matter for Trump and the White House.

    “I’m not going to explain them or really comment on them at all. I think he certainly speaks for himself,” Bruce told reporters.

    Huckabee, an evangelical Christian, is a staunch pro-Israel conservative.

    “Unless there are some significant things that happen that change the culture, there’s no room for it,” Huckabee was quoted as saying by Bloomberg. Those probably won’t happen “in our lifetime,” he said.

    Trump, in his first term, was relatively tepid in his approach to a two-state solution, a longtime pillar of U.S. Middle East policy. Trump has given little sign of where he stands on the issue in his second term.

    Huckabee suggested a piece of land could be carved out of a Muslim country rather than asking Israel to make room. “Does it have to be in Judea and Samaria?” Huckabee said, using the biblical name the Israeli government favors for the Israeli-occupied West Bank, where some 3 million Palestinians live.

    Huckabee, a former Arkansas governor, has been a vocal supporter of Israel throughout his political career and a longtime defender of Jewish settlements in the West Bank.

    Trump has pursued strongly pro-Israel policies as president and his choice of Huckabee as ambassador signaled that they would continue.

    The United States has for decades backed a two-state solution between the Israelis and the Palestinians that would create a state for Palestinians in the West Bank and Gaza alongside Israel.

    The latest bloodshed in the decades-old Israeli-Palestinian conflict was triggered in October 2023, when Palestinian Hamas militants attacked Israel, killing 1,200 and taking about 250 hostages, according to Israeli allies.

    U.S. ally Israel’s subsequent military assault on Gaza has killed nearly 55,000 Palestinians, according to Gaza’s health ministry, while internally displacing nearly Gaza’s entire population and causing a hunger crisis. The assault has also triggered accusations of genocide at the International Court of Justice and of war crimes at the International Criminal Court. Israel denies the accusations.

    (Reuters)

  • MIL-OSI Asia-Pac: LCQ14: Franchised bus routes running through Tai Lam Tunnel

    Source: Hong Kong Government special administrative region

    Following is a question by the Hon Luk Chung-hung and a written reply by the Secretary for Transport and Logistics, Ms Mable Chan, in the Legislative Council today (June 11):

    Question:
     
    There are views that, before the Government’s takeover of Tai Lam Tunnel (TLT), the tolls for public single-decked buses and public double-decked buses using TLT were as high as $180 and $213 respectively, resulting in the fares of franchised bus routes running through TLT being significantly higher than those of other bus routes which do not run through TLT but have similar route lengths, ultimately adding to the financial burden of commuting on residents of Yuen Long District. With the takeover of TLT by the Government on 31st of last month, the toll for franchised buses has been substantially reduced to $43, and there should be room for downward adjustment of the fares of bus routes running through TLT. In this connection, will the Government inform this Council:

    MIL OSI Asia Pacific News –

  • MIL-OSI China: Nanjing elevates biomedicine industry to new heights

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

    China SCIO | June 11, 2025

    Eastern China’s Nanjing is committed to making the biomedicine industry one of its leading industrial clusters, as part of the city’s efforts to foster new quality productive forces, a city official said Monday.

    Nanjing Biotech and Pharmaceutical Valley. [Photo provided to China SCIO]

    Wu Gang, deputy head of the Nanjing Municipal Bureau of Industry and Information Technology, said that Nanjing benefits from rich educational and industrial resources, which provide a strong foundation for the development of biomedicine and biopharmaceutical industries.

    Data shows that the city is home to four specialized colleges and over 20 key universities offering related programs. Each year, more than 60,000 graduates in the city complete their studies in biomedicine, ranking among the top in China.

    In addition, Wu said that the city has developed a complete industrial chain in the biomedicine sector, integrating education, research, industrialization, and clinical application.

    Nanjing has been hard at work to upgrade its biomedicine industry. In 2020, it introduced several key policies including a five-year plan for biomedicine industry development and an action plan for building a biomedicine industry cluster. These policies have provided comprehensive support for high-quality growth, with specific measures to foster R&D innovation, facilitate technology transfer, streamline regulatory approvals, and ensure talent development.

    The efforts have paid off. In 2024, Nanjing’s biomedicine industry generated over 210 billion yuan (US$29.25 billion) in revenue, up 5% from the previous year. Additionally, Nanjing now hosts 1,032 high-tech biomedicine enterprises and 35 national-level “little giant” firms, or small and medium-sized enterprises (SMEs) that use specialized and sophisticated technologies to produce novel and unique products. 

    At the core of this success is the Nanjing Biotech and Pharmaceutical Valley (NJBPV), a biopharma industrial park located in Nanjing Jiangbei New Area. Established in 2011, NJBPV is home to over 1,300 life sciences companies, including five listed firms and 53 cutting-edge SMEs.

    A lab at biopharmaceutical company IASO Bio. [Photo by Cui Can/China SCIO]

    “The valley focuses on gene and cell therapies, innovative drugs, and high-end medical devices,” said Yang Tao, deputy director of the Life and Health Industry Development Management Office of Nanjing Jiangbei New Area. He added that over 400 drugs developed by pharmaceutical companies in the valley have already received market approval in China.

    Yang also noted that Nanjing Jiangbei New Area encourages these pharmaceutical companies to expand their footprint by providing tailored support regarding operational needs, regulatory requirements, and market entry challenges.

    For instance, IASO Bio, located in NJBPV, is a leading biopharmaceutical company specializing in innovative cell therapies. The company reached a milestone in recent months by delivering to a resident in Hong Kong its flagship CAR-T therapy , a cutting-edge cancer treatment, according to Zhang Jinhua, the firm’s founder and CEO. 

    The therapy requires strict time control when transporting the patient’s blood samples to IASO Bio for the production of CAR-T cell therapy drug, which was then delivered across the border to Hong Kong. Zhang said that after learning about the company’s needs, Nanjing Jiangbei New Area worked with local customs authorities to streamline clearance procedures, reducing delivery time to under 30 hours for blood samples and 144 hours for the final cell products.

    “After successfully establishing a cross-border delivery channel through Hong Kong, we’re now applying to expand this model to more regions and countries,” Zhang said.

    MIL OSI China News –