NewzIntel.com

Category: Asia Pacific

  • MIL-OSI Africa: Africa’s new credit rating agency could change the rules of the game. Here’s how

    Source: The Conversation – Africa – By Daniel Cash, Reader in Law, Aston University

    For governments, a credit rating is more than a financial signal. It is a verdict that can influence the cost of borrowing, access to markets and, ultimately, the ability to provide for their citizens.

    Rating decisions are made behind closed doors in a private process that isn’t open to assessment or scrutiny.

    For African countries, this opacity can be especially damaging. When rating decisions lack transparency, it’s impossible to challenge potential biases or inconsistencies in methodology that put developing economies at a disadvantage. The result is higher borrowing costs that drain resources from healthcare, education and infrastructure investment.

    Africa’s new credit rating agency has the chance to change this. The African Credit Rating Agency is an initiative under development by the African Union and its partners. It is more than a new entrant; it is an attempt to rethink how financial authority is earned, exercised and scrutinised. The new agency plans to introduce transparent governance structures that could revolutionise rating methodology.

    As a researcher who has looked closely at the working of rating agencies, I believe this opportunity to bring transparency to financial governance isn’t just about better ratings. It’s a step towards economic sovereignty.

    Success for the African Credit Rating Agency shouldn’t be measured by whether it displaces the “big three” rating agencies (Standard & Poor’s, Moody’s and Fitch). The real question isn’t whether an African agency can compete, but rather whether it can show the world how to rate credit differently.

    A flawed process

    The three big agencies do publish their methodologies – their criteria and risk models. This creates an illusion of transparency. Yet the final judgments emerge from committee meetings that produce no public record, no accountability, and no right of meaningful appeal.

    These rating committees typically comprise five to 10 analysts who meet in closed sessions to make each sovereign rating decision. S&P, Moody’s and Fitch each operate internal rating committees for every sovereign rating decision. The deliberations, dissenting views, and specific reasoning behind final votes remain confidential. Only a brief summary is provided with a rating decision.

    Research has shown that credit rating agencies are more accurate at assessing the creditworthiness of advanced economies than developing economies. There have also been studies on the discrepancy between what is expected when the public methodologies are applied and what the agencies actually rate. These studies have been done for economies like Hong Kong and China, but no equivalent research has yet been undertaken for African sovereigns.

    This discrepancy exposes an accountability void. When methodology-based predictions miss the mark, we must question what happens in those committee rooms. Especially when African nations are being assessed by analysts stationed continents away, with limited understanding of local economic and political realities.

    The African Credit Rating Agency could make three changes to the way ratings are done:

    • through public deliberations

    • by forming hybrid committees

    • with technological intervention.

    First, it could release committee transcripts within 30 days of each decision. This would give markets and governments unprecedented insight into rating rationales. This isn’t radical – central banks already publish meeting minutes, and courts publish opinions with dissenting views.

    Second, it could pioneer panels that include not only rating analysts, but regional economists, sectoral specialists, and even civil society observers. All with recorded votes. This diversified expertise would disrupt “group think” while capturing nuances of African economies that traditional agencies overlook.

    I have examined this idea from the perspective of injecting climate and sustainability-related expertise into credit rating committees. I believe this is a crucial step to take to evolve the concept of the credit rating committee.

    Third, the agency could use artificial intelligence to analyse patterns across committee discussions, flagging potential regional biases or inconsistent methodology application. It might be able to use secure digital ledgers to create unchangeable records of decisions.

    Why the big three keep it closed

    The industry thrives on privacy – protecting proprietary methodologies and shielding decisions from external challenge. And the natural oligopoly (a market dominated by a few large players due to high entry barriers, reinforced by market preference for predictability) helps it stay that way.

    The sovereign credit ratings of the three big agencies are built on quantitative and qualitative factors. But research shows that sovereign ratings are subjected to qualitative understandings. This puts developing economies at a disadvantage when agencies demonstrate pro-western biases because they lack data or knowledge.

    The impact of a credit rating downgrade for a sovereign borrower is usually multifaceted. Research shows that a single-notch downgrade can raise borrowing costs by more than 100 basis points, equivalent to an extra US$100 million annually on a US$10 billion bond.

    Investors prefer fewer, stronger signals rather than many competing views. So there’s little incentive for established players to change. The African Credit Rating Agency, as a new entrant, can offer something the incumbents won’t: governance innovation that serves both markets and nations.

    Radical openness will shake markets, at least at first. Committee members might face political pressure. Transparency alone doesn’t guarantee fair outcomes.

    But the world already demands transparency from central banks and constitutional courts. Why accept anything less from institutions that shape sovereign destiny?

    Next steps

    By 2050, one in four people on Earth will be African. The financial architecture serving them must evolve towards systems that recognise the continent’s unique strengths.

    Opening the rating committee to view represents more than technical reform – it’s about shifting who holds power in global finance. If it does this, the African agency won’t just deliver better ratings; it will model how global finance can be governed more justly.

    – Africa’s new credit rating agency could change the rules of the game. Here’s how
    – https://theconversation.com/africas-new-credit-rating-agency-could-change-the-rules-of-the-game-heres-how-257138

    MIL OSI Africa –

  • MIL-OSI China: Tokyo stocks end lower amid concerns over changing U.S. tariffs

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

    Tokyo stocks retreated Monday amid growing concerns over the flip-flops in U.S. tariff policies following President Donald Trump’s decision to double tariff rates on steel and aluminum.

    Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 494.43 points, or 1.30 percent, from Friday at 37,470.67.

    The broader Topix index, meanwhile, finished 24.28 points, or 0.87 percent, lower at 2,777.29.

    On the stock market, sentiment was dampened over fears of a global economic slowdown after Trump said Friday that he will raise tariffs on steel and aluminum imports to 50 percent from 25 percent imposed by his administration earlier this year.

    The benchmark Nikkei index briefly lost more than 500 points as heavyweight semiconductor-related shares faced selling after declines by their U.S. counterparts late last week. 

    MIL OSI China News –

  • MIL-OSI Russia: Today, NSU opened an internship program for foreign specialists in the field of engineering InteRussia

    Translation. Region: Russian Federal

    Source: Novosibirsk State University – Novosibirsk State University –

    Today, June 2, NSU hosted the grand opening of the InteRussia 2025 internship program for foreign specialists. This is the second internship of this kind that is taking place at Novosibirsk State University. This time, 17 students from 14 countries, such as Chile, Jordan, India, Pakistan, Brazil, Albania, Serbia, Bangladesh, Turkmenistan, Belarus, Indonesia, Ecuador, Uzbekistan and Tanzania, came to NSU.

    The internship is conducted by the Gorchakov Fund, the Siberian Branch of the Russian Academy of Sciences, and the ANO “Mezhdunarodniki” with the support of the Directorate of the World Youth Festival and the Presidential Grants Fund.

    For a month — from June 2 to June 29 — young researchers will be trained at the university in the promising areas of “Artificial Intelligence and Medicine” and “Modern Quantum and Information Technologies in Electronics and Photonics”. The school participants will work in one of two groups in accordance with the chosen area. The event will result in the preparation and presentation of their own scientific project.

    — We are organizing the internship for the second time, but we already see that our program is in great demand — this year, more than 160 applications were submitted, so the competition was almost 10 people per place. As a result, the best students who passed a tough and competitive selection came here. This year, we decided to make only two directions, and not three, as it was a year ago. We left the direction “Artificial Intelligence and Medicine”, since the 2024 internship showed that this topic is very interesting and in demand. We also added a new promising direction related to quantum mechanics. Among other innovations, we increased the duration of the internship from three to four weeks, — said Evgeny Sagaydak, Head of the Education Export Department at NSU.

    Artur Pogosov, Professor of the Department of Semiconductor Physics, Faculty of Physics, NSU, Head of the Department of General Physics Physics Department of NSU, in his welcoming speech to the participants, he spoke a little about the specifics of Akademgorodok and the special atmosphere that characterizes this unique place. He also spoke in more detail about the program of the direction that he supervises – “Modern quantum and information technologies in electronics and photonics”. It will include both lectures from scientists of the SB RAS Research Institute and NSU teachers, and practical computer sessions, during which, using special computational and modeling methods, listeners will be able to delve deeper into quantum mechanics, explore new crystals and new compounds, and model the processes occurring in them.

    Evgeny Pavlovsky, Head of the Laboratory of Streaming Data Analytics and Machine Learning Faculty of Mechanics and Mathematics of NSU and head of the Artificial Intelligence and Medicine department, noted that the students will have the opportunity not only to expand their knowledge, but also to present their projects, since one of the school’s goals is to ensure that the participants continue their research after completing their internship.

    The audience of the program was greeted by the leading specialist of the A.M. Gorchakov Public Diplomacy Support Fund Ilya Demkin. He thanked the partners for their cooperation, spoke about the activities of the Fund and about the internship program for foreign specialists in various fields of InteRussia. In addition, he noted that for the audience, participation in this event is an excellent opportunity to gain new knowledge in one of the best Russian universities, take thematic courses from leading experts, take part in innovative professional master classes in one of two areas, and exchange experience with colleagues from different countries.

    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 Russia: Six killed in road accident in central Myanmar

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    YANGON, June 2 (Xinhua) — Six people were killed and 11 others were injured when a passenger bus overturned in central Myanmar’s Mandalay region, a local fire department official told Xinhua on Monday.

    He said the passenger bus carrying about 19 passengers skidded off the road due to rain and overturned in Meiktila township in Mandalay at around 3:30 a.m. local time on Monday.

    All the victims were taken to a local hospital, he added. –0–

    MIL OSI Russia News –

  • MIL-OSI: MoonFox Data Releases New Report: Pop Mart’s Emotional Consumption Model Drives Global Expansion and Record Growth

    Source: GlobeNewswire (MIL-OSI)

    Shenzhen, June 02, 2025 (GLOBE NEWSWIRE) — [Shenzhen, China] – [June 1, 2025] – MoonFox Data, a leading provider of market intelligence and data analytics, today released its latest report, “Pop Mart Business Decoded: Measuring the Value of Emotional Consumption.” The report reveals how Pop Mart, a pioneer in the pop toy industry, has leveraged emotional consumption and IP innovation to achieve record-breaking growth and global expansion in 2024 and 2025.

    The year 2025 is undoubtedly a landmark year for Pop Mart. At the end of March, the company released financial results that drew wide attention across the industry: Pop Mart’s 2024 revenue exceeded RMB 13 billion, a fivefold increase since its listing on the HKEX in 2020. Just before the Labor Day holiday, the Pop Mart app topped the U.S. App Store shopping chart for the first time, with American consumers queuing overnight to purchase new releases. Despite tariff pressures, its new products continued to see rapid growth overseas…

    16 years after its founding, Pop Mart’s ambition to “become a global super IP” is gradually materializing. What was once a trend-led toy store has transformed into a spiritual refuge for young people. So how exactly has Pop Mart captured the hearts of youth both in China and abroad? And what challenges lie ahead?

    I.        A Look Back: Repeated Comebacks in Brand Development

    1. In the Early Stages, Focused Track and Model Innovation Drove Growth

    Founded in 2010, Pop Mart began as an offline “trendy variety store” and struggled to survive amid the rise of e-commerce. In 2015, the founder drew inspiration from Japan’s blind box trend and introduced the popular Hong Kong pop toy BabyMolly to the Chinese mainland market. Pop Mart also secured domestic distribution rights for Japan’s Sonny Angel, successfully pivoting from a variety store to a curated pop toy store.

    However, in the following year, the termination of several IP licensing agreements forced the company to pivot again. Pop Mart began aggressively seeking collaborations with original designers to acquire copyright partnerships. In 2016, it launched its own IP blind box product, the Molly Zodiac Series, which became a growth driver. At the time, Pop Mart’s pop toy model of fast product rotation, bulk sales, and the blind box mechanism was a novelty that disrupted the traditional toy market. From then on, Pop Mart shifted from an offline retail distributor to an IP operator, with Molly becoming its signature icon.

    2. After Going Public: Diversification to Break the Revenue Ceiling

    Pop Mart entered the overseas market in 2018 and continued its steady revenue growth after its 2020 IPO. However, from 2020 to 2022, its gross profit margin declined continuously. By 2022, Pop Mart hit a growth bottleneck, with negative product reviews on social media indicating weakening consumer interest in blind boxes.

    In 2022, Pop Mart’s gross profit margin dropped by 4%, and operating profit fell by 49%. Domestically, revenue declined not only due to pandemic-related disruptions to offline store sales, but also because of a slump in online channel performance.

    Table 1: Pop Mart Annual Revenue and Profit Changes (2018 – 2024)

    Year Revenue Gross Profit Operating Profit Gross Profit Margin Revenue Growth Gross Profit Growth Operating Profit Growth
    2018 0.51 billion 0.3 billion 0.13 billion 57.9 % 225 % 296 % 2951 %
    2019 1.68 billion 1.09 billion 0.6 billion 64.8 % 227 % 266 % 348 %
    2020 2.51 billion 1.59 billion 0.72 billion 63.4 % 49 % 46 % 20 %
    2021 4.49 billion 2.76 billion 1.15 billion 61.4 % 79 % 73 % 60 %
    2022 4.62 billion 2.65 billion 0.58 billion 57.5 % 3 % -4 % -49 %
    2023 6.3 billion 3.86 billion 1.23 billion 61.3 % 36 % 46 % 111 %
    2024 13.04 billion 8.71 billion 4.15 billion 66.8 % 107 % 125 % 238 %

    Data Source: Company financial reports, compiled by MoonFox Research Institute.

    Table 2: Pop Mart Annual Online and Offline Revenue Changes (2020 – 2024)

    Year Online Channel Revenue YoY Offline Channel Revenue YoY
    2020 0.95 billion 77 % 1.33 billion 35 %
    2021 1.9 billion 100 % 2.14 billion 61 %
    2022 1.92 billion 1 % 2.22 billion 4 %
    2023 1.68 billion -12 % 3.85 billion 74 %
    2024 4.15 billion 147 % 7.6 billion 97 %

    Data Source: Company financial reports, compiled by MoonFox Research Institute.

    In 2023, as offline economic activity rebounded, Pop Mart’s diversified business strategy began to show results. Its commitment to deepening overseas markets and refining IP operations laid the foundation for a strong performance in both 2024 and 2025.

    On one hand, the brand’s overseas expansion has become a key secondary growth driver. While revenue from Hong Kong, Macao, Taiwan, and overseas markets accounted for only 9.8% of total revenue in 2022, this proportion rose to 38.9% by 2024. Pop Mart has expanded its network of international concept stores across Southeast Asia, Europe, and North America, growing the total number of overseas stores to 130.

    Table 3: Number of Pop Mart Physical Stores in Hong Kong, Macao, Taiwan, and Overseas (2020 – 2024)

    Year Number of Stores Number of Robot Shops New Countries Entered Overseas Theme Stores
    2020 1 No statistics South Korea
    2021 7 9 Singapore and other Southeast Asian countries
    2022 43 120 UK, New Zealand, USA, Australia
    2023 80 159 France, Malaysia, Thailand, Netherlands
    2024 130 192 Vietnam, Indonesia, Philippines, Italy, Spain Louvre Theme Store (Paris)
    K-POP Theme Store (South Korea)
    CRYBABY Theme Store (Thailand)

    Data Source: Company financial reports, compiled by MoonFox Research Institute.

    Table 4: Pop Mart’s Revenue of Hong Kong, Macao, Taiwan, and Overseas (2021 – 2024)

    2021 – 2024 Annual Revenue of Hong Kong, Macao, Taiwan, and Overseas
    Year Revenue Proportion Growth Rate
    2021 1.9 4.10 % 156 %
    2022 4.5 9.80 % 137 %
    2023 10.7 16.90 % 138 %
    2024 50.7 71.30 % 374 %
    2021 – 2024 Revenue Breakdown by Channel of Hong Kong, Macao, Taiwan, and Overseas (RMB 100 million)
    Year Offline Channel Online Channel Wholesale & Other Channels
    2021 0.1 0.4   1.4  
    2022 1.5 0.9   2.1  
    2023 6.4 1.6   2.7  
    2024 30.7 14.6   5.4  
    2024 Regional Revenue Distribution of Hong Kong, Macao, Taiwan, and Overseas (RMB 100 million)
    Region Revenue Proportion Growth Rate
    Southeast Asia 24 47.40 % 619 %
    East Asia & Hong Kong, Macao, Taiwan 13.9 27.40 % 185 %
    North America 7.2 14.30 % 557 %
    Europe, Oceania & Others 5.5 10.90 % 311 %

    Data Source: Company financial reports, compiled by MoonFox Research Institute.

    On the other hand, the company has shifted its focus from pursuing rapid product launches and expanding the number of IPs to prioritizing IP quality. The period from 2020 to 2022 marked a critical phase of supply chain upgrades for Pop Mart, including greater supply chain flexibility, digital transformation of warehousing and logistics, the establishment of self-owned factories, and overseas warehouse construction, all of which laid a strong foundation for future growth. Around 2023, Pop Mart began transforming its overseas business model by bypassing intermediary distributors and transitioning to a DTC (Direct-to-consumer) approach. This shift significantly improved the company’s ability to reach global consumers quickly. As a result, e-commerce revenue from overseas independent platforms surged in 2024.

    Table 5: 2024 Pop Mart’s Online Revenue in Hong Kong, Macao, Taiwan, and Overseas Markets

    Online Channel Revenue (RMB 1 million) Proportion Growth Rate
    Pop Mart Official Website 531 36.50 % 1246 %
    Shopee 324 22.30 % 656 %
    TikTok 262 18.00 % 5780 %
    Other Online Channels 338 23.20 % 389 %

    Data Source: Company financial reports, compiled by MoonFox Research Institute.

    II.        Building Deeper Connections with Consumers: Accelerating IP Universe Development Through User Value Alignment

    1.        From the “Lipstick Effect” to a Lifestyle Brand: Cultivating Long-Term Consumption Habits

    Pop Mart has mastered the art of the blind box model. Before the product launch, intensive marketing campaigns are carried out, with each figurine being given a complete backstory. However, the blind box purchasing model extends the time it takes for consumers to have their expectations met. The unboxing experience after purchase creates delayed gratification and a sense of emotional reward. Meanwhile, the inherent consumer instinct to collect or complete a series further drives repeat purchases. While the inclusion of “hidden” editions creates an illusion of “scarcity”, adding perceived collectible value while stimulating consumer desire to purchase.

    With low individual costs, intricate design, rapid product updates, and wide variety, consumers often become “loyal fans” without realizing it. Generation Z, who value emotional expression and self-exploration, are willing to pay for emotional fulfillment. Character-driven dolls and figurines have become tools for self-solace. Meanwhile, the use of social media further transforms blind boxes into a form of social currency. From celebrities and macro influencers to niche KOLs and even KOCs of WeChat Moments, posting about figurines, unboxing videos, and product swaps has spurred enthusiasm and imitation among fans.

    Meanwhile, Pop Mart has deepened its IP development, expanding beyond toys into lifestyle products. For example, its original IP “HIRONO” features a rebellious child character whose lonely and aggrieved expressions still convey a defiant spirit, an image that has won over many fans. By 2025, the IP had evolved to its seventh generation, with related merchandise extending beyond blind boxes to include a wide range of products such as apparel, home goods, and digital accessories. In addition to blind boxes, “HIRONO” has expanded to apparel, home goods, and tech accessories. It also engages users emotionally through animated shorts, offline sculptures, and art exhibitions.

    Table 6: Revenue Contribution of “HIRONO” IP

    Revenue in 2024 Revenue Share Revenue in 2023 Revenue Share YoY Growth
    0.73 billion 5.60 % 0.35 billion 5.60 % 106.9 %

    Data Source: Company financial reports & public data, compiled by MoonFox Research Institute.

    2.        From Emotional Value to Cultural Identity: Brand Consumption as a Form of Self-Expression

    In 2025, American consumers queued overnight for LABUBU from the classic IP “THE MONSTER”, known for its mischievous grin and dark aesthetic, a sharp contrast to Pop Mart’s other characters. Initially positioned as a “forest sprite”, LABUBU saw modest success until a 2024 rebranding introduced plush-skinned vinyl dolls that went viral in Thailand and later gained traction in China.

    Today, LABUBU is not only a crowd favorite at Pop Mart’s themed parks but also a global “symbol of subculture”. The character’s sharp teeth, heterochromatic eyes, and dark style wrapped in soft textures challenge mainstream beauty standards, echoing youth subculture’s desire to break norms. On global social media platforms, celebrities like LISA, Rihanna, and Dua Lipa have been seen with LABUBU dolls, while fans engage in remakes and cosplay to express individuality.

    Table 7: Revenue Contribution of “THE MONSTER” IP

    Revenue in 2024 Revenue Share Revenue in 2023 Revenue Share YoY Growth
    3.04 billion 23.30 % 0.37 billion 5.80 % 726.6 %

    Data Source: Company financial reports & public data, compiled by MoonFox Research Institute.

    Through diversified operations and refined strategies, Pop Mart is steadily constructing an IP universe that meets consumer needs in socialization, emotional expression, and self-identity.

    Its in-house IP operations are now more finely segmented by target audience and product type, with distinct strategies for blockbuster development. For high-end consumers and international markets, Pop Mart strengthens its collaborations with cultural IPs across various fields, collaborating with cultural IPs, such as Chinese intangible heritage artists and British pop artists, producing limited editions (primarily under the MEGA line) that emphasize collectability and cultural expression. For mass-market consumers, collaborations between original IPs and fast fashion, coffee and beverage brands, and anime/gaming franchises have become routine, integrating Pop Mart products into daily life. Overseas, store design increasingly incorporates local cultural elements, offering immersive experiences, such as Korea’s K-POP theme store and France’s Louvre theme store, and launching regional co-branded limited editions to lower the threshold for cross-cultural interaction among consumers from different regions.

    On the operational front, the growth of figurine revenues has slowed in recent years. To adapt, the company has launched new product lines, including Molly Beans, plush toys, and the MEGA series. In 2024, plush and MEGA categories accounted for 35% of revenue and showed rapid growth, now forming a major revenue pillar. In physical retail, Pop Mart is expanding from pure retail to experiential offerings. Beyond traditional stores and vending machines, more themed parks, pop-up stores, and curated art exhibitions are being introduced to enhance customer engagement.

    III.        Cracks beneath the Billion-RMB Myth

    The booming pop toy industry is becoming increasingly competitive, with multiple players racing to innovate on both product and concept. As consumer aesthetics continue to evolve, this intensifies pressure on leading brands. TOPTOY, a pop toy chain under MINISO founded in 2020, has rapidly expanded into lower-tier cities with its more affordable pricing and iconic IP offerings. By the end of 2024, TOPTOY had opened 276 retail stores nationwide, generating over RMB 980 million in annual revenue. Meanwhile, classic international IPs are enjoying a resurgence in the Chinese market. In 2024, merchandise related to Harry Potter, the Disney 100th Anniversary, and Chiikawa surged in popularity, posing a growing challenge for the breakout success of original IPs. Backed by this trend, MINISO has leveraged the influence of established IPs to drive both revenue and brand recognition. The 2024 financial report shows the total revenues exceeding RMB 17 billion, a 22.8% YoY increase.

    Turning the lens back to Pop Mart itself, managing the lifecycle of original IPs, and the handoff between older and newer IPs, remains a critical challenge for pop toy companies to build their “super IPs”. Pop Mart has been launching original IPs for over a decade. Iconic characters such as Molly, LABUBU, and THE MONSTER have recently reignited consumer interest through new product categories and refreshed designs. At the same time, many emerging IPs have gained visibility and emotional resonance with post-2000s and even younger generations. As Pop Mart’s portfolio of original IPs continues to expand, more of these properties will face the challenge of prolonged life cycles in the future. Maintaining innovation and consistently creating hit products that resonate with the evolving preferences of young consumers will become a long-term challenge for the brand’s development.

    Overall, Pop Mart has successfully pioneered a business model that monetizes emotional value, anchoring its revenue growth in rich content and cultural significance. Its strong in-house production capabilities and DTC strategy have accelerated its reach among global consumers. While recent revenue surges are not a fleeting phenomenon, they do not come without risk. Looking ahead, Pop Mart must continue to enhance its content innovation capabilities to keep its IPs vibrant. Only by maintaining a careful balance between innovation and legacy, and between emotional appeal and cultural expression, can the brand sustain high growth and realize its long-term ambition of becoming a “super IP” powerhouse.

    About MoonFox Data

    As a sub-brand of Aurora Mobile, MoonFox Data is a leading expert in data insights and analysis services across all scenarios. With a comprehensive, stable, secure and compliant mobile big data foundation, as well as professional and precise data analysis technology and AI algorithms, MoonFox Data has launched iAPP, iBrand, iMarketing, Alternative Data and professional research and consulting services of MoonFox Research, aiming to help companies gain insights into market growth and make accurate business decisions.

    About Aurora Mobile

    Aurora Mobile (NASDAQ: JG) established in 2011, is a leading customer engagement and marketing technology service provider in China. Its business includes notification services, marketing growth, development tools, and data products.

    For Media Inquiries:
    Contact: zhouxt@jiguang.cn | Website: http://www.moonfox.cn/en

    The MIL Network –

  • MIL-OSI Asia-Pac: Warm And Humid Nights With Onset Of Southwest Monsoon Conditions

    Source: Government of Singapore

    Singapore, 2 June 2025 – Winds over Singapore are forecast to strengthen and blow from the southeast or southwest in early June 2025, as the Southwest Monsoon sets in over the region. The Southwest Monsoon season typically extends into September and is generally a drier season compared to other times of the year.

    2          In the first fortnight of June 2025, localised short-duration thundery showers are expected over parts of the island in the late morning and afternoon on some days. In addition, Sumatra squalls may bring widespread thundery showers and gusty winds in the pre-dawn and morning on a few days. The total rainfall for the first fortnight of June 2025 is forecast to be near average over most parts of the island.

    3          The daily maximum temperatures are likely to be around 34 degrees Celsius on most days and reach 35 degrees Celsius on a few days. The nights are likely to be warm and humid. On several nights, the temperatures may stay above 29 degrees Celsius.

    4          For updates of the daily weather forecast, please visit the MSS website (www.weather.gov.sg), NEA website (www.nea.gov.sg), or download the myENV app.

     REVIEW OF THE PAST TWO WEEKS (16 – 31 MAY 2025)

    5          Inter-monsoon conditions prevailed over Singapore and the surrounding region with winds generally light and variable in direction.

    6          Localised short-duration thundery showers fell over parts of the island on several days in the second fortnight of May 2025. On 18 May 2025, the passage of a Sumatra squall brought widespread thundery showers over Singapore in the late morning and early afternoon. The daily total rainfall of 78.6mm recorded at Sembawang that day was the highest rainfall recorded for the second fortnight of May 2025.

    7          The second fortnight of May 2025 was warm, with daily maximum temperatures registering above 35 degrees Celsius on several days. The highest daily maximum temperature of 36.2 degree Celsius was recorded at Paya Lebar on 24 May 2025.

     8          Singapore recorded below average rainfall in the second fortnight of May 2025. The rainfall around Simei was about 63 per cent below average.

     

    CLIMATE STATION STATISTICS

     Long-term Statistics for June
     (Climatological reference period: 1991-2020)
    Average daily maximum temperature: 31.9      °C
    Average daily minimum temperature: 25.7 °C
    Average monthly temperature: 28.5 °C
         
    Average rainfall: 135.3 mm
    Average number of rain days: 13  
     
    Historical Extremes for June
    (Rainfall since 1869 and temperature since 1929)
    Highest monthly mean daily maximum temperature: 33.2  °C (1997)
    Lowest monthly mean daily minimum temperature: 23.2  °C (1965)
         
    Highest monthly rainfall ever recorded:  378.7  mm (1954)
    Lowest monthly rainfall ever recorded: 21.8  mm (2009)


    METEOROLOGICAL SERVICE SINGAPORE
    2 Jun 2025

    ~~ End ~~

    For more information, please submit your enquiries electronically via the Online Feedback Form or myENV mobile application.

    MIL OSI Asia Pacific News –

  • PM Modi, Paraguayan President Pena hold talks to strengthen bilateral relations

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi and President of Paraguay Santiago Peña held wide-ranging bilateral discussions at Hyderabad House in New Delhi on Monday. The talks were aimed at infusing new momentum into diplomatic and economic relations between India and the South American nation.

    President Peña, who is on a three-day official visit to India at the invitation of the Prime Minister, was accorded a ceremonial Guard of Honour upon his arrival at Air Force Station Palam earlier in the day. He is accompanied by a high-level delegation comprising ministers, senior officials, and business leaders.

    Welcoming the visiting leader, the Ministry of External Affairs (MEA) posted on social media, “Towards a new momentum in bilateral relationship. PM Narendra Modi welcomed President Santiago Peña of Paraguay at the Hyderabad House ahead of their deliberations.”

    Prior to his meeting with the Prime Minister, President Peña called on External Affairs Minister Dr. S. Jaishankar. The two leaders discussed opportunities for enhancing bilateral cooperation.

    “Pleased to call on President Santiago Peña of Paraguay at the start of his State Visit to India. Appreciate his positive sentiments and guidance for enhancing India–Paraguay cooperation in many domains. Confident that his talks with PM Narendra Modi today will open new avenues for India’s engagement with Paraguay and the South America region,” said Dr. Jaishankar in a post on X.

    President Peña also paid floral tribute to Mahatma Gandhi at Rajghat during his engagements in the capital. Prime Minister Modi is hosting a luncheon in his honour, while President Droupadi Murmu is scheduled to host a banquet. Vice President Jagdeep Dhankhar will also call on the visiting dignitary.

    This visit marks President Peña’s first official trip to India and is only the second time a head of state from Paraguay has visited the country.

    In a statement, the MEA noted that India and Paraguay established diplomatic relations on September 13, 1961, and have since cultivated warm and friendly ties. Bilateral cooperation spans across key sectors including trade, agriculture, health, pharmaceuticals, and information technology.

    Highlighting Paraguay’s strategic importance in Latin America, the MEA said that Indian companies in the automobile and pharmaceutical sectors are already active in Paraguay, while several Paraguayan firms operate in India through joint ventures.

    The Ministry further noted that both countries share similar views on major global issues such as UN reforms, climate change, renewable energy, and counter-terrorism.

    As part of his itinerary, President Peña will also visit Mumbai, where he is expected to meet state-level political leaders, as well as representatives from industry, startups, and technology sectors. The visit underscores the growing emphasis on economic and technological partnerships between the two countries.

    The MEA said that the State Visit provides a timely opportunity to undertake a comprehensive review of bilateral ties and to discuss regional and international issues of mutual interest.

    President Peña will conclude his visit and depart for Paraguay on June 4, 2025.

  • MIL-OSI USA: Congressmen Krishnamoorthi and Moore Reintroduce Bipartisan Legislation to Bring Electronics Manufacturing to America and Strengthen Supply Chains

    Source: United States House of Representatives – Congressman Raja Krishnamoorthi (8th District of Illinois)

    WASHINGTON – Congressmen Raja Krishnamoorthi (D-IL) and Blake Moore (R-UT) have reintroduced bipartisan legislation to bolster domestic printed circuit board (PCB) and integrated circuit substrate production, which will strengthen U.S. supply chain security in a critical technology sector. The Protecting Circuit Boards and Substrates Act will encourage domestic PCB manufacturing and R&D to reduce supply chain disruptions, address national security concerns related to foreign PCB production, and further enhance America’s economic leadership.

     

    “While we’ve made real progress in domestic chip production, microchips can’t function without printed circuit boards – 90% of which are made in Asia, including half in the People’s Republic of China,” Congressman Krishnamoorthi said. “Our bipartisan bill reduces that dangerous dependence by rebuilding U.S. manufacturing, strengthening supply chains, and supporting American workers.”

    “There has never been a more important time for Congress to get to work on reshoring our manufacturing and strengthening our critical supply chains,” Congressman Blake Moore said. “The Chinese government’s open willingness to withhold access to technology and rare earth minerals proves that we are in a race against Beijing at all levels of the microelectronics ecosystem. This bill provides a tried-and-true approach to incentivizing American companies to produce printed circuit boards here at home: it will maintain the integrity of military and national security commercial materials, boost our economy and workforce, and usher in a new era of American manufacturing. I am grateful to reintroduce this bill with Congressman Krishnamoorthi and am hopeful this bipartisan effort will successfully move through the legislative process.”

    “The PCBs Act addresses a critical and long-overlooked weakness in America’s electronics supply chain,” John W. Mitchell, IPC President and CEO, said. “Every electronic device relies on PCBs and substrates, but the U.S. no longer has the capabilities or capacity to meet current demand, much less address future technology requirements. This bill is a vital step toward rebuilding the nation’s ability to manufacture electronics from silicon to systems—an essential foundation for innovation, security, and economic strength.”

    “Remember, chips don’t float. They need printed circuit boards and substrates to connect to any electronic device. With production of American-made semiconductors ramping up, we need to do the same for PCBs. Without a concurrent increase in support for PCBs and substrates, those new American-made chips travel to Asia to be packaged with Asian-made PCBs and substrates,” Shane Whiteside, Chairman of the Printed Circuit Board Association of America (PCBAA) and CEO of Summit Interconnect, said. “We need to end our over reliance on Asia through public and private investment. This bill will set that in motion.”

    “From F-35s to F-150s, the modern world is built on printed circuit boards, and we need to make more of them in America,” David Schild, Executive Director of PCBAA, said. “This bill will lead to new factories, high paying jobs and an ecosystem to support the work being done by our colleagues in the semiconductor industry.”

    Background

    Printed circuit boards (PCBs) are the material on which semiconductors sit (often the green-colored surface in images of chips) and are a critical part of the supply chain. An assessment from the Departments of Commerce and Homeland Security called for domestic investment and production of key information and communications technology products such as PCBs.

    The Protecting Circuit Boards and Substrates Act includes the following provisions to incentivize domestic PCB manufacturing and R&D:

    1. Provides a 25% tax credit for the purchase or acquisition of American-made PCBs;

    2. Establishes a financial assistance program, modeled on the CHIPS for America Act, for American facilities manufacturing or researching PCBs;

    3. Requires a Presidential determination for single financial awards over $150 million;

    4. Provides for delay and technology clawbacks of award funds in the event that funding is not used efficiently or in a manner that raises national security concerns;

    5. Authorizes appropriations of $3 billion to carry out the program.

     

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Krishnamoorthi Honors Vietnam Veterans and Presents Bronze Star for Valor

    Source: United States House of Representatives – Congressman Raja Krishnamoorthi (8th District of Illinois)

    SCHAUMBURG, IL – Today, Congressman Raja Krishnamoorthi (D-IL) hosted a special recognition ceremony honoring four local veterans for their distinguished service during the Vietnam War. Three veterans received official Vietnam Veterans Commemorative Pins, while one veteran was awarded the Bronze Star Medal for acts of heroism in combat. In the ceremony, Joseph Leuze, Jon Fisher, and Doug Elwell were awarded Vietnam Veterans Commemorative Pins as a symbol of the nation’s lasting gratitude for their service and sacrifice. The commemorative pinning follows a successful series of recognition events the Congressman’s office has hosted in partnership with other local officials to ensure that Vietnam-era veterans receive long-overdue acknowledgment.

    Congressman Krishnamoorthi also presented the Bronze Star to Douglas Beckmann, a constituent who risked his own life to administer medical aid to a fallen soldier during a ground operation against hostile forces. Mr. Beckmann contacted Congressman Krishnamoorthi’s office for help recovering his military records, including documentation of service-connected medals he earned but never received upon leaving the military. After the Congressman’s office reached out to the National Archives and Records Administration (NARA) to request and review his records, NARA confirmed Mr. Beckmann had been awarded, but not presented with, the Bronze Star for his heroic actions on April 11, 1970. The medal was then provided for presentation to Mr. Beckmann in recognition of his service.

    “These American veterans embody the very best of our nation—serving with courage, humility, and unwavering dedication to a cause greater than themselves,” said Congressman Krishnamoorthi. “By recognizing their service, we reaffirm our solemn duty to honor the legacy of all who have defended our freedoms.”

    The Congressman’s office continues to assist veterans and their families in obtaining overdue recognition and benefits earned through military service. Any veteran interested in receiving a commemorative pin or support with military records is encouraged to contact the Congressman’s office directly.

    MIL OSI USA News –

  • Over 25,000 organisations register for Yoga Sangam ahead of International Day of Yoga 2025

    Source: Government of India

    Source: Government of India (4)

    In the run-up to the International Day of Yoga (IDY) 2025, the Government’s flagship event Yoga Sangam has crossed a significant milestone, with over 25,000 organisations registering for participation. The initiative has witnessed enthusiastic response from educational institutions, corporates, non-profits, and government departments across the country.
     
    The wide-scale registrations highlight the growing nationwide interest in yoga and its role in promoting physical, mental, and spiritual well-being. Institutions such as the Ekal Foundation, International Yoga Association (IYA), and International Naturopathy Organisation (INO) are among the early participants.
     
    Leading academic institutions have also pledged support. Indian Institutes of Technology (IIT) Kanpur, Indian Institutes of Management (IIM) in Mumbai and Bangalore, National Institute of Technology (NIT) Kurukshetra, BIT Mesra, and Vellore Institute of Technology are among the many campuses actively engaging with the initiative.
     
    Government departments, too, are participating in large numbers. The Office of the Principal Chief Conservator of Forests, Goa Van Bhawan, Altinho, has joined the celebration, underlining the synergy between yoga, sustainable living, and environmental awareness.
     
    Several states, including Rajasthan, Telangana, Jharkhand, Himachal Pradesh, and Punjab, are leading in organisational registrations, showcasing strong regional participation.
     
    With Yoga Sangam shaping up to be one of the largest and most inclusive yoga celebrations, the Ministry of Ayush has urged all remaining institutions—educational, governmental, corporate, and nonprofit—to come forward and contribute to the collective spirit of wellness and unity. The International Day of Yoga is celebrated every year on June 21.
     
    Interested organisations can register at: https://yoga.ayush.gov.in/yoga-sangam

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

    Source: Hong Kong Government special administrative region

         The Census and Statistics Department (C&SD) released the latest figures on retail sales today (June 2).

         The value of total retail sales in April 2025, provisionally estimated at $28.9 billion, decreased by 2.3% compared with the same month in 2024. The revised estimate of the value of total retail sales in March 2025 decreased by 3.5% compared with a year earlier. For the first 4 months of 2025 taken together, it was provisionally estimated that the value of total retail sales decreased by 5.6% compared with the same period in 2024.

         Of the total retail sales value in April 2025, online sales accounted for 8.1%. The value of online retail sales in that month, provisionally estimated at $2.3 billion, decreased by 3.5% compared with the same month in 2024. The revised estimate of online retail sales in March 2025 decreased by 0.5% compared with a year earlier. For the first 4 months of 2025 taken together, it was provisionally estimated that the value of online retail sales decreased by 2.2% compared with the same period in 2024.

         After netting out the effect of price changes over the same period, the provisional estimate of the volume of total retail sales in April 2025 decreased by 3.3% compared with a year earlier. The revised estimate of the volume of total retail sales in March 2025 decreased by 4.7% compared with a year earlier. For the first 4 months of 2025 taken together, the provisional estimate of the total retail sales decreased by 7.2% in volume compared with the same period in 2024.

         Analysed by broad type of retail outlet in descending order of the provisional estimate of the value of sales and comparing April 2025 with April 2024, the value of sales of commodities in supermarkets decreased by 2.4%. This was followed by sales of jewellery, watches and clocks, and valuable gifts (-1.7% in value); wearing apparel (-5.6%); motor vehicles and parts (-53.4%); fuels (-12.5%); footwear, allied products and other clothing accessories (-5.1%); furniture and fixtures (-16.7%); and optical shops (-0.2%).

         On the other hand, the value of sales of other consumer goods not elsewhere classified increased by 13.4% in April 2025 over a year earlier. This was followed by sales of medicines and cosmetics (+7.2% in value); food, alcoholic drinks and tobacco (+3.0%); electrical goods and other consumer durable goods not elsewhere classified (+1.6%); commodities in department stores (+2.1%); books, newspapers, stationery and gifts (+11.7%); and Chinese drugs and herbs (+3.8%).

         Based on the seasonally adjusted series, the provisional estimate of the value of total retail sales increased by 4.2% in the three months ending April 2025 compared with the preceding three-month period, while the provisional estimate of the volume of total retail sales increased by 7.1%.

    Commentary

         A government spokesman said that retail sales performance showed signs of stabilisation in recent months. The value of total retail sales recorded a modest year-on-year decline of 2.3% in April 2025. The decline narrowed further in April compared with the previous months despite the effect of the late arrival of the Easter holidays this year (in mid-April this year but in the junction of March and April last year) when more residents made outbound trips during the month.

         Looking ahead, the spokesman said that the Government’s proactive promotion of tourism and mega events will help stimulate the consumption market. Increase in employment earnings and sustained steady growth of the Mainland economy will also bolster consumption sentiment. These factors will be supportive to the retail sector, though ongoing changes in consumption patterns and competition among businesses amid the uncertain macroeconomic environment will still pose challenges.

    Further information

         Table 1 presents the revised figures on value index and value of retail sales for all retail outlets and by broad type of retail outlet for March 2025 as well as the provisional figures for April 2025. The provisional figures on the value of retail sales for all retail outlets and by broad type of retail outlet as well as the corresponding year-on-year changes for the first 4 months of 2025 taken together are also shown.

         Table 2 presents the revised figures on value of online retail sales for March 2025 as well as the provisional figures for April 2025. The provisional figures on year-on-year changes for the first 4 months of 2025 taken together are also shown.

         Table 3 presents the revised figures on volume index of retail sales for all retail outlets and by broad type of retail outlet for March 2025 as well as the provisional figures for April 2025. The provisional figures on year-on-year changes for the first 4 months of 2025 taken together are also shown.

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

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

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

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

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

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

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

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: At the Irkeshtam checkpoint on the Chinese-Kyrgyz border, customs clearance of goods has begun on a trial basis in the “24/7” mode

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    URUMQI, June 2 (Xinhua) — The 24/7 customs clearance regime officially began trial operation at the Irkeshtam border checkpoint on the China-Kyrgyzstan border in northwest China’s Xinjiang Uygur Autonomous Region on Sunday, the local border control agency said.

    Thus, Irkeshtam, which is the westernmost land border crossing of China, became the second such checkpoint in Xinjiang, where it was possible to ensure continuous operation in the field of customs clearance of goods, following the Khorgos checkpoint. This will further contribute to the uninterrupted trade and logistics channels between China and Central Asia.

    There has been a steady increase in the number of people and vehicles entering and leaving China through the Irkeshtam checkpoint in recent years, indicating high demand for cross-border transportation.

    According to Jiang Zhidong, chairman of a local international trade company, 24/7 customs clearance of goods will significantly improve the efficiency of cargo transit through Irkeshtam and reduce logistics costs.

    According to data as of June 1, the number of people and vehicles that passed through the Irkeshtam checkpoint after inspection amounted to more than 105,800 person-times and more than 98,500 units, respectively, which is 80 percent and 79 percent more in annual terms.

    Since the trial launch of the 24/7 customs clearance regime for cargo at 10:00 on Sunday, as of 08:00 on Monday, a total of 966 incoming and outgoing trucks have been checked and cleared at the Irkeshtam checkpoint. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: Chinese researchers release dataset on water flow from river basins in Tianshan Mountains

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    URUMQI, June 2 (Xinhua) — Chinese researchers have released data on river runoff in the Tianshan Mountains watershed, an important region where Central Asian rivers flow.

    The study, conducted by scientists from the Xinjiang Institute of Ecology and Geography of the Chinese Academy of Sciences, was published in the journal Scientific Data.

    The dataset collected daily runoff data from 56 river basins and monthly data from 89 river basins in the Tianshan Mountains. The researchers reconstructed runoff observations by combining data from both local and international monitoring stations.

    The study found a general trend of increasing water runoff in the Tianshan Mountains watersheds, which was particularly noticeable between 1990 and 2019. Spatially, it showed increasing runoff in the west and south and decreasing runoff in the east and north.

    According to the first author of this study, Li Shuai, due to data shortage and complex hydrological conditions in the Tianshan region, there is still no consistent and systematic data on river runoff.

    “This is the first comprehensive and long-term study on streamflow modeling and data reconstruction at the watershed scale in the Tianshan Mountains,” Li Shuai said.

    According to the results, the study helped to obtain comprehensive data on river runoff from small basins in the Tianshan Mountains and provides necessary data for water resources management and impact assessment of extreme weather events in the region. -0-

    MIL OSI Russia News –

  • MIL-OSI: BW Offshore: First quarter results 2025

    Source: GlobeNewswire (MIL-OSI)

    First quarter results 2025

    HIGHLIGHTS

    • Q1 EBITDA USD of 91 million and operating cashflow of USD 57 million
    • Sale of BW Pioneer for USD 125 million
    • Received USD 36 million arbitration settlement in April, USD 21 million recognised in EBITDA
    • Robust balance sheet with an equity ratio of 30.9% and USD 542 million in available liquidity
    • Q1 cash dividend of USD 0.063 per share
    • BW Opal departed the shipyard in Singapore 28 May
    • Full-year 2025 EBITDA guidance maintained in the range of USD 220-250 million

    BW Offshore is nearing completion of the Barossa project well within the updated budget. On 28 May, the FPSO BW Opal departed the shipyard in Singapore and is currently enroute to the field where hook-up and connection will be undertaken. The FPSO is on track for first gas within the third quarter.

    The Board of Directors has declared a quarterly cash dividend of USD 0.063 per share. The shares will trade ex-dividend from 4 June 2025. Shareholders recorded in VPS following the close of trading on Oslo Børs on 3 June 2025, will be entitled to the distribution payable on or around 12 June 2025.

    “The BW Opal is on its way to the Barossa field to start producing gas under the 15-year contract, providing material earnings and cash flow to BW Offshore from later this year,” said Marco Beenen, CEO of BW Offshore. “At the same time, we continue to mature selected potential FPSO projects that meet our criteria, with solid counterparties and long-term investment horizons. Our growth strategy is supported by a strong balance sheet, high commercial uptime and robust cash generation from the existing fleet.”

    In late March, the Company completed the sale of FPSO BW Pioneer to Murphy Oil for USD 125 million and received an initial USD 100 million of the proceeds. The remaining USD 25 million was received in the second quarter upon meeting all conditions precedent. The two parties signed a five-year O&M contract, under which BW Offshore will continue to provide operations and maintenance services.

    In early April, BW Offshore received approximately USD 36 million including interest, after settling the arbitration with PRIO (formerly Petrorio) related to the FPSO Polvo lease dispute. This led to the recognition of USD 21 million of additional revenue and EBITDA in the first quarter accounts.

    FINANCIALS
    EBITDA for the first quarter of 2025 was USD 91.3 million (USD 71.9 million in Q4 2024), reflecting good operational performance and the arbitration settlement with PRIO.

    EBIT for the first quarter was USD 73.7 million (USD 30.8 million).

    Gain from sale of fixed assets was USD 14.8 million and relates to the sale of BW Pioneer.

    Net financial items were positive at USD 10.4 million (USD 19.4 million in Q4 2024). This included a net interest income of USD 1.1 million, which reflects USD 4.1 million of interest earned on the arbitration settlement with PRIO (net interest expense of USD 3.0 million). Both first quarter 2025 and fourth quarter 2024 were positively impacted by a valuation gain on the financial liability related to the Barossa project. This was driven by changes in the timing of expected future cash flows due to a later planned start-up of the facility, as well as a favourable mark-to-market adjustment on interest rate hedges.

    The share of loss from equity-accounted investments was USD 4.6 million, including a valuation adjustment on the Barossa finance receivable related to changes in timing of future expected cash flows (loss of USD 9.5 million).

    Tax expense was USD 17.3 million (tax income USD 0.1 million). The increase in tax expenses is mainly due to tax on the sale of BW Pioneer.

    Net profit for the first quarter increased to USD 62.2 million (USD 40.8 million).

    Total equity at 31 March 2025 was USD 1 271.7 million (USD 1 246.6 million) and the equity ratio was 30.9% at (30.8%).

    As a result of strong cash generation from the fleet and asset sales, the Company was net cash positive by USD 184.3 million at 31 March 2025 (USD 74.4 million net cash positive at the end of 2024).

    Available liquidity was USD 542 million, excluding consolidated cash from BW Ideol and including USD 100 million available under the corporate loan facility.

    FPSO OPERATIONS
    The FPSO fleet continued to deliver stable operations in the quarter with a weighted average fleet uptime of 100.0% (99.2% in the fourth quarter), including BW Pioneer.

    BW Adolo contributed positively through the volume-based tariff as production increased to approximately 39,000 barrels per day in the quarter and BW Catcher continued to maintain high commercial uptime.

    On 20 May 2025, BW Energy Gabon took over operations of the FPSO BW Adolo. BW Offshore continues to lease the unit under the same terms, excluding O&M services. A USD 100 million put-and-call option remains in place for 2028. The transition is ongoing and will be supported by both parties through 30 June 2025.

    FPSO PROJECT OPPORTUNITIES
    In January, BW Offshore was selected to perform the pre-FEED study for the Bay du Nord FPSO project by Equinor.

    The Company also progressed the FEED for Repsol’s Block 29 development in Mexico.

    Due to the current high activity related to FPSO-based development projects, BW Offshore recently acquired the FPSO Nganhurra. The vessel has a high-quality hull, well suited for installation of a new topside. Reusing existing energy production infrastructure reduces environmental impact, is cost efficient and enables shorter lead time from project sanction to first oil. The acquisition involves a limited upfront payment, with additional consideration linked to redeployment by June 2027. The unit enhances BW Offshore’s ability to respond to emerging project opportunities and strengthens its position in a supply-constrained market.

    FLOATING ENERGY TRANSITION SOLUTIONS
    BW Offshore is committed to contribute to the energy transition by leveraging FPSO expertise to deliver low-carbon energy and expand into new sectors, focusing on low-emission oil and gas, CO2 transport, gas-to-power and floating ammonia to meet evolving energy demands. The Company maintains a disciplined approach with selective and diligent allocation of capital and a commitment to creating shareholder value.

    BW Offshore owns 64% of BW Ideol, a leader in offshore floating wind technology and co-development with over 14 years of experience in the development of floating wind projects. A shareholder loan of EUR 6.7 million has been provided to support the company’s operations over the next 12 months.

    The 1 GW Buchan offshore wind project in Scotland recently held its third and final public consulting round as part of the preparation for the final consent application later this year. In France, work continued on the three floating substructures for the Eolmed floating wind pilot with installation of the transition pieces which will hold the wind turbines. Commissioning of the three floating turbines is expected by end of 2025.

    OUTLOOK
    Growing energy demand continues to drive interest in developing new infrastructure-type FPSO projects with long production profiles, low break-even costs, and a focus on lower emissions. Increased project complexity, combined with higher construction costs, necessitates financial structures with significant day rate prepayments during the construction period for new lease and operate projects. Alternatively, oil and gas majors may finance and own FPSOs, relying on FPSO specialists for the design, construction and installation scope, combined with operation and maintenance services. BW Offshore is well positioned to offer both solutions.

    In recent years, the number of sanctioned FPSO projects have lagged market expectations. Consequently, there is a growing number of projects at various stages of maturity, reflecting a pent-up demand for FPSOs. Increased FEED and tendering activity are a function of this, and BW Offshore expects that a number of the FPSO projects the Company is engaging with will reach a final investment decision over the next 36 months. These market dynamics, combined with the high level of expertise required for project execution, are expected to enable better risk-reward and improved margins for FPSO companies going forward.

    BW Offshore continues to selectively evaluate new projects that meet required return targets, offer contracts with no residual value risk after firm period, and provide a financeable structure with strong national or investment-grade counterparties.

    BW Offshore expects that the fleet will continue to generate significant cash flows in the time ahead, supported by the USD 5.4 billion firm contract backlog at the end of March 2025.

    Please see attached the Q1 Presentation. The earnings tables are available at:

    https://www.bwoffshore.com/ir/

    BW Offshore will host a webcast of the financial results 09:00 (CEST) today. The presentation will be given by CEO Marco Beenen and CFO Ståle Andreassen.

    Webcast information:
    You can follow the presentation via webcast with supporting slides and a Q&A module, available on:

    BW Offshore Limited – Q1 Presentation Webcast

    Please note, that if you follow the webcast via the above URL, you will experience a 30 second delay compared to the main conference call. The web page works best in an updated browser – Chrome is recommended.

    For further information, please contact:
    Ståle Andreassen, CFO, +47 91 71 86 55
    IR@bwoffshore.com or www.bwoffshore.com

    About BW Offshore:
    BW Offshore engineers innovative floating production solutions. The Company has a fleet of FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 1,100 employees and is publicly listed on the Oslo stock exchange.

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

    Attachment

    The MIL Network –

  • MIL-OSI: Colt, Honeywell and Nokia join forces to trial space-based quantum-safe cryptography

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Colt, Honeywell and Nokia join forces to trial space-based quantum-safe cryptography

    • Tech collaboration will explore ways to protect encrypted data from quantum risk using Low Earth Orbit satellites.
    • Trial to use space-based quantum key distribution to overcome terrestrial distance limitations.

    2 June 2025
    Espoo, Finland – Colt Technology Services (Colt), a global digital infrastructure company, Honeywell and Nokia today announced a collaboration to explore quantum-safe networking using satellite communications. As part of the initiative, the companies are planning to test new ways of protecting encrypted optical network traffic from risks presented when quantum computing potentially breaks through traditional encryption methods, leaving data vulnerable to cyber threats.

    Traditional encryption methods, or cryptography, rely on complex mathematical problems that are difficult for computers to solve, but quantum computers are expected to solve these problems faster, potentially breaking through traditional encryption methods and putting data at risk. One promising advancement in this field is quantum key distribution (QKD), a technology central to the quantum evolution. However, QKD currently faces a major limitation: terrestrial physical constraints restrict its range to around 100 kilometers. To achieve global coverage of QKD, the technology can overcome these limitations by moving into space. Colt, Honeywell and Nokia plan to explore quantum-safe cryptography, trialling space-based and subsea techniques which are resistant to quantum computing attacks.

    The companies will trial quantum key distribution – a method used to securely share encryption keys between two parties – using low earth orbit satellites for ultra-long distances and transatlantic reach. The three companies share a collective goal: enable customers to benefit from the huge potential of quantum computing in ways that help solve pressing challenges, while protecting them from risk. The trial is expected to be of interest to organisations responsible for vast amounts of highly sensitive data such as financial firms, healthcare and pharmaceutical organisations and government bodies.

    “Fundamental to the collaboration between Colt, Honeywell and Nokia is a shared passion and determination to push the boundaries of technology to find solutions which safeguard our customers and help them succeed. At Colt, we do everything we can to make life easier for our customers. It’s why we’re taking action now to protect our customers from future cybersecurity risks, tackling tomorrow’s threats, today,” said Buddy Bayer, chief operating officer, Colt Technology Services.

    “With over five decades of aerospace expertise, Honeywell has witnessed and adapted to the evolution of the global communications landscape. We are proud to continue as a leader in innovating future-proof solutions such as the QEYSSat and QKDSat missions for the quantum era. This collaboration represents a significant step forward in securing the future of critical data: designing solutions to enhance resilience, ensuring long-term data security for critical infrastructure and communications systems,” said Lisa Napolitano, vice president and general manager, Space, Honeywell Aerospace Technologies.

    “Nokia is helping our customers stay ahead when it comes to securing critical data through resilient defense-in-depth strategies. Quantum computing brings great promise, but it’s also a potential threat to the encryption models on which society has relied so far. This collaboration with Colt and Honeywell shows how space-based quantum-safe technologies can help protect networks, safeguarding sensitive information across every domain against future quantum threats,” said James Watt, vice president and general manager, Optical Networks at Nokia.

    Ahead of the trial, Colt, Honeywell and Nokia have drafted a white paper with more detail on the risks, threats and opportunities presented by quantum cryptography. The paper, entitled ’The Journey to Quantum-Safe Networking’ is available to download here.

    The announcement follows a pilot Colt announced in March to explore quantum-secure networking across terrestrial networks.

    Multimedia, technical information and related news
    Web Page: Quantum Explained
    Web Page: Quantum Safe Technologies

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    About Colt Technology Services

    Colt Technology Services (Colt) is a global digital infrastructure company which creates extraordinary connections to help businesses succeed. Powered by amazing people and like-minded partners, Colt is driven by its purpose: to put the power of the digital universe in the hands of its customers, wherever, whenever and however they choose.
    Since 1992, Colt has set itself apart through its deep commitment to its customers, growing from its heritage in the City of London to a global business spanning 40+ countries, with over 6,000 employees and more than 80 offices around the world. Colt’s customers benefit from expansive digital infrastructure connecting 32,000 buildings across 230 cities, more than 50 Metropolitan Area Networks and 275+ Points of Presence across Europe, Asia, the Middle East, Africa and North America’s largest business hubs.
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    The MIL Network –

  • MIL-OSI Economics: Development Asia: Empowering Women, Greening Urban Transport in Uzbekistan

    Source: Asia Development Bank

    Until recently, legal restrictions in Uzbekistan limited women’s access to many jobs. Although a 2019 presidential decree abolished a list of more than 300 professions where female labor was either completely or partially prohibited, legal restrictions remained and prevented women from driving buses or freight vehicles weighing over 2.5 tons or carrying more than 14 passengers. This changed with Cabinet of Ministers’ Resolution No. 85 in February 2024, which officially lifted the remaining barriers.

    While this legislative reform marks a significant step forward, there are still obstacles that limit women’s full participation in public transport employment, highlighting the need for coordinated and effective solutions.

    A key obstacle is the lack of public awareness regarding available opportunities in the transport sector. Although there is strong demand for skilled drivers, information about the benefits of working as an electric bus driver—particularly for women—is still limited.

    Targeted information campaigns, showcasing success stories of female drivers, and media visibility of their contributions to urban mobility could play a vital role in reshaping public perceptions of the profession and inspire more women to consider careers in public transport.

    Working conditions also need to be improved since bus driving is physically and mentally demanding. The World Bank report Closing Gender Gaps in Transport recommends measures such as better shift scheduling, access to clean and well-lit rest areas, provision of sanitary facilities, and implementation of safety programs, which can attract more women to the profession. Modern electric buses, designed with ergonomic driver workstations, also help reduce physical strain and make vehicle operation more comfortable.

    Access to quality training remains a significant barrier. Acquiring the necessary driver’s license and completing required certification courses involve financial costs, which can deter potential candidates. To address this, government support through training subsidies and incentives for companies that hire female drivers could overcome these barriers and encourage higher female participation in the transport sector.

    MIL OSI Economics –

  • MIL-Evening Report: Australia’s latest emissions data reveal we still have a giant fossil fuel problem

    Source: The Conversation (Au and NZ) – By Emma Lovell, Senior Lecturer in Chemical Engineering, UNSW Sydney

    According to Australia’s Climate Change and Energy Minister Chris Bowen, the latest emissions data show “we are on track to reach our 2030 targets” under the Paris Agreement. In 2024, Australia’s greenhouse gas emissions were “27% below 2005 levels”. That’s great news, right?

    Well, yes and no. Australia continues to rely on changes in land use to compensate for emissions released into the atmosphere.

    In other words, Australia’s plants are considered to be taking more carbon dioxide out of the atmosphere now than in 2005. Their efforts are captured in the Land Use, Land-Use Change and Forestry (LULUCF) sector, which is the single largest reason for the significant reduction in Australian emissions.

    Without accounting for land use, Australia’s emissions have only decreased 3% since 2005, not 27%.

    If Australia is serious about reducing emissions and tracking towards net zero by 2050, we need to tackle a series of inconvenient truths about fossil fuels. Fossil fuels feed into almost every aspect of our lives, not just cars and power plants. There are substitutes, but they are not easy to source – and they don’t come cheap.

    How fossil fuel exports drive up emissions here and overseas

    Australia is one of the world’s biggest fossil fuel exporters. The coal, oil and natural gas we export is either burnt or combined with our sizeable iron ore exports to produce iron. But the greenhouse gases are released overseas, so they don’t count in Australia’s emissions data.

    This is in line with our international commitments under the Paris agreement. But there is an argument to be made that even though Australia doesn’t burn those exports, we should acknowledge our central role in contributing to global emissions. We may need to account for these in future reporting.

    Australia’s export emissions are likely to be triple that of our domestic emissions. These emissions have been increasing consistently over the last decade.

    But the process of extracting fossil fuels and preparing them for export does show up in Australia’s domestic emission figures, through what’s called “fugitive emissions”. These fugitive emissions are the unavoidable leaks that occur when we pull fossil fuels out of the ground, store, transport and process them.

    In the year to 2024, fugitive emissions accounted for 10.6% of our emissions, which is far greater than emissions from industrial processes (6.8%).

    Disturbingly, recent analysis suggests fugitive emissions could be drastically underreported. Because these emissions are tricky to measure, they are often estimated on an average basis. This means reported values do not accurately reflect true releases.

    When it comes to fugitive and export emissions, Australia is not on track to meet 2030 targets. Recent export-focused fossil project approvals such as the North West Shelf gas project suggest we might even be backtracking.

    Chris Bowen on Insiders, Sunday June 1, 2025 (ABC News)

    The transition to renewables

    Closing dirty old coal-fired power stations and replacing them with renewable energy such as solar and wind power does cut emissions. The reduction in emissions from the electricity sector, down 23.7% on 2005 levels, is good news. But the difference is still small enough that seasonal variations from Tasmania’s hydro power plants can distort the annual figures.

    At least there is a plan in place for the energy transition. Big, slow wheels are in motion.

    Unfortunately the reality is we will need much, much more renewable energy in the future. Up to three times the current capacity of the National Electricity Market will be needed to cover future domestic energy requirements across electricity and other sectors out to 2050.

    Significantly more would be required to generate enough additional green energy to also produce green value-added commodities.

    Australia’s clean energy challenge

    Discussions around transitioning from fossil fuels typically overlook how deeply they are embedded in our everyday lives.

    Not just the fuel we use in our cars, but the roads we drive on. Not just the electricity we use to power our hospitals, but the steel used to build them and the pharmaceuticals we rely on.

    Globally, around 13% of fossil fuels are not burned but used to make these key chemicals. What’s the alternative?

    Clean electricity is the key.

    Electricity can be used to make hydrogen from water through electrolysis. This hydrogen can then replace fossil fuels in manufacturing – making products such as green steel and ammonia for fertiliser.

    When combined with non-fossil sources of carbon, hydrogen can also be turned into renewable fuels, such as sustainable aviation fuel. It can be used to synthesise green versions of petrochemicals used in industrial processes such as ethanol, propylene and ethylene, which are currently sourced from fossil fuels.

    This takes energy. Lots of it. Fortunately Australia has all the ingredients needed for a booming green industry – one that’s much broader than just renewable electricity.

    Currently, it costs more to produce these chemicals without using fossil fuels. That’s why some companies and state governments have been pulling back from their investments in green hydrogen.

    Most people talk about green hydrogen in the context of energy storage or export. But it can also enable the transition away from fossil fuels in other sectors. The technology exists to make these chemicals and products, without the emissions and it’s slowly but steadily moving closer toward price parity.

    If we can nail this switch to fossil-free alternatives to petrochemicals, Australia would be able to add value onshore, rather than exporting raw materials. For example, we could export iron, not iron ore. Methanol or ammonia, not hydrogen. Export the jumper, not the wool.

    Heavy industry driven by renewables?

    On Sunday, Bowen said he found some areas of the 2024 emissions figures “encouraging, like industrial emissions, way down and lower than 2021”.

    Unfortunately, this result was partly due to a decline in manufacturing. Onshore manufacturing capability has been steadily decreasing, despite increased fossil fuel extraction.

    Unless we ramp up green manufacturing – replacing fossil fuel exports with much needed renewable products and fuels – we will continue to bear responsibility, if not direct accountability, for large, exported emissions as well as onshore fugitive emissions.

    And no amount of changes to land use can account for that.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Australia’s latest emissions data reveal we still have a giant fossil fuel problem – https://theconversation.com/australias-latest-emissions-data-reveal-we-still-have-a-giant-fossil-fuel-problem-257907

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Pro-Trump candidate wins Poland’s presidential election – a bad omen for the EU, Ukraine and women

    Source: The Conversation (Au and NZ) – By Adam Simpson, Senior Lecturer, International Studies, University of South Australia

    Poland’s presidential election runoff will be a bitter pill for pro-European Union democrats to swallow.

    The nationalist, Trumpian, historian Karol Nawrocki has narrowly defeated the liberal, pro-EU mayor of Warsaw, Rafał Trzaskowski, 50.89 to 49.11%.

    The Polish president has few executive powers, though the office holder is able to veto legislation. This means the consequences of a Nawrocki victory will be felt keenly, both in Poland and across Europe.

    With this power, Nawrocki, backed by the conservative Law and Justice party, will no doubt stymie the ability of Prime Minister Donald Tusk and his Civic Platform-led coalition to enact democratic political reforms.

    This legislative gridlock could well see Law and Justice return to government in the 2027 general elections, which would lock in the anti-democratic changes the party made during their last term in office from 2015–2023. This included eroding Poland’s judicial independence by effectively taking control of judicial appointments and the supreme court.

    Nawrocki’s win has given pro-Donald Trump, anti-liberal, anti-EU forces across the continent a shot in the arm. It’s bad news for the EU, Ukraine and women.

    A rising Poland

    For much of the post-second world war era, Poland has had limited European influence.

    This is no longer the case. Poland’s economy has boomed since it joined the EU in 2004. It spends almost 5% of its gross domestic product on defence, almost double what it spent in 2022 at the time of Russia’s full-scale invasion of Ukraine.

    Poland now has a bigger army than the United Kingdom, France and Germany. And living standards, adjusted for purchasing power, are about to eclipse Japan’s.

    Along with Brexit, these changes have resulted in the EU’s centre of gravity shifting eastwards towards Poland. As a rising military and economic power of 37 million people, what happens in Poland will help shape Europe’s future.

    Impacts on Ukraine

    Poland’s new position in Europe is most clearly demonstrated by its central role in the fight to defend Ukraine against Russia.

    This centrality was clearly demonstrated during the recent “Coalition of the Willing” summit in Kyiv, where Tusk joined the leaders of Europe’s major powers – France, Germany and the UK – to bolster support for Ukraine and its president, Volodymyr Zelensky.

    However, Poland’s unqualified support for Ukraine will now be at risk because Nawrocki has demonised Ukrainian refugees in his country and opposed Ukrainian integration into European-oriented bodies, such as the EU and NATO.

    Nawrocki was also backed during his campaign by the Trump administration. Kristi Noem, the US secretary of homeland security, said at the recent Conservative Political Action Conference in Poland:

    Donald Trump is a strong leader for us, but you have an opportunity to have just as strong of a leader in Karol if you make him the leader of this country.

    Trump also hosted Nawrocki in the Oval Office when he was merely a candidate for office. This was a significant deviation from standard US diplomatic protocol to stay out of foreign elections.

    Nawrocki has not been as pro-Russia as some other global, MAGA-style politicians, but this is largely due to Poland’s geography and its difficult history with Russia. It has been repeatedly invaded across its eastern plains by Russian or Soviet troops. And along with Ukraine, Poland shares borders with the Russian client state of Belarus and Russia itself in Kaliningrad, the heavily militarised enclave on the Baltic Sea.

    I experienced the proximity of these borders during fieldwork in Poland in 2023 when I travelled by car from Warsaw to Vilnius, the Lithuanian capital, via the Suwalki Gap.

    This is the strategically important, 100-kilometre-long border between Poland and Lithuania, which connects the Baltic states to the rest of NATO and the EU to the south. It’s seen as a potential flashpoint if Russia were ever to close the gap and isolate the Baltic states.

    Poland’s conservative nationalist politicians are therefore less Russia-friendly than those in Hungary or Slovakia. Nawrocki, for instance, does not support cutting off weapons to Ukraine.

    However, a Nawrocki presidency will still be more hostile to Ukraine and its interests. During the campaign, Nawrocki said Zelensky “treats Poland badly”, echoing the type of language used by Trump himself.

    Poland divided

    The high stakes in the election resulted in a record turnout of almost 73%.

    There was a stark choice in the election between Nawrocki and Trzaskowski.

    Trzaskowski supported the liberalisation of Poland’s harsh abortion laws – abortion was effectively banned in Poland under the Law and Justice government – and the introduction of civil partnerships for LGBTQ+ couples.

    Nawrocki opposed these changes and will likely veto any attempt to implement them.

    While the polls for the presidential runoff election had consistently shown a tight race, an Ipsos exit poll published during the vote count demonstrated the social divisions now facing the country.

    As in other recent global elections, women and those with higher formal education voted for the progressive candidate (Trzaskowski), while men and those with less formal education voted for the conservative (Nawrocki).

    After the surprise success of the liberal, pro-EU presidential candidate in the Romanian elections a fortnight ago, pro-EU forces were hoping for a similar result in Poland, as well.

    That, for now, is a pipe dream and liberals across the continent will now need to negotiate a difficult relationship with a right-wing, Trumpian leader in the new beating heart of Europe.

    Adam Simpson 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. Pro-Trump candidate wins Poland’s presidential election – a bad omen for the EU, Ukraine and women – https://theconversation.com/pro-trump-candidate-wins-polands-presidential-election-a-bad-omen-for-the-eu-ukraine-and-women-257617

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Banking: Development Asia: Empowering Women, Greening Urban Transport in Uzbekistan

    Source: Asia Development Bank

    Until recently, legal restrictions in Uzbekistan limited women’s access to many jobs. Although a 2019 presidential decree abolished a list of more than 300 professions where female labor was either completely or partially prohibited, legal restrictions remained and prevented women from driving buses or freight vehicles weighing over 2.5 tons or carrying more than 14 passengers. This changed with Cabinet of Ministers’ Resolution No. 85 in February 2024, which officially lifted the remaining barriers.

    While this legislative reform marks a significant step forward, there are still obstacles that limit women’s full participation in public transport employment, highlighting the need for coordinated and effective solutions.

    A key obstacle is the lack of public awareness regarding available opportunities in the transport sector. Although there is strong demand for skilled drivers, information about the benefits of working as an electric bus driver—particularly for women—is still limited.

    Targeted information campaigns, showcasing success stories of female drivers, and media visibility of their contributions to urban mobility could play a vital role in reshaping public perceptions of the profession and inspire more women to consider careers in public transport.

    Working conditions also need to be improved since bus driving is physically and mentally demanding. The World Bank report Closing Gender Gaps in Transport recommends measures such as better shift scheduling, access to clean and well-lit rest areas, provision of sanitary facilities, and implementation of safety programs, which can attract more women to the profession. Modern electric buses, designed with ergonomic driver workstations, also help reduce physical strain and make vehicle operation more comfortable.

    Access to quality training remains a significant barrier. Acquiring the necessary driver’s license and completing required certification courses involve financial costs, which can deter potential candidates. To address this, government support through training subsidies and incentives for companies that hire female drivers could overcome these barriers and encourage higher female participation in the transport sector.

    MIL OSI Global Banks –

  • Amit Shah inaugurates new central forensic science laboratory building in Kolkata

    Source: Government of India

    Source: Government of India (2)

    Speaking at the event, Shah said the government under Prime Minister Narendra Modi is committed to establishing a secure, transparent, and evidence-based criminal justice system. “This laboratory will serve as a crucial pillar in realizing that vision and aid in the implementation of the new criminal laws,” he said.
    The Union Minister emphasized the role of forensic science in securing convictions and ensuring justice, stating that a national network of FSLs is being established through a cluster approach, where 3–4 states will share facilities and resources. Beginning January 2026, the government plans to launch a campaign to integrate forensic practices down to the police station level, aiming to move from a system based on argument to one rooted in evidence.
    Shah also formally launched Narcotics Version 2.0 and Explosives Version 2.0, digital tools designed to simplify forensic processes. He noted that crimes are evolving in the digital age and that law enforcement must stay ahead through the adoption of science and technology.
    He highlighted the government’s commitment to reforms through the newly introduced Bharatiya Nyaya Sanhita (BNS), Bharatiya Nagarik Suraksha Sanhita (BNSS), and Bharatiya Sakshya Adhiniyam (BSA), which replace colonial-era laws. Shah said these laws empower investigators with clear legal backing for using technology and make forensic visits mandatory in cases involving sentences of more than seven years.
    The Home Minister also underlined progress in justice delivery, stating that 60% of chargesheets are now filed within 60 days and that provisions such as trial in absentia will help prosecute absconders using international mechanisms.
    To support this infrastructure, the government has approved 16 campuses of the National Forensic Science University (NFSU), with 7 already operational. Plans are in place to train 36,000 forensic professionals annually through these institutions, exceeding the country’s current estimated need of 30,000 trained experts per year.
    Additionally, 9 more NFSU campuses and 7 new CFSLs are being set up in states including Uttar Pradesh, Chhattisgarh, Odisha, Rajasthan, Tamil Nadu, Kerala, and Bihar, at a combined investment of over ₹2,100 crore. A National Forensic Data Centre, with an allocation of ₹200 crore, will also be established.
    Amit Shah said the modernization of India’s forensic infrastructure will help ensure that even the most marginalized citizen can approach the justice system with confidence. “It is our responsibility to create a system where justice is swift, science-based, and accessible to all,” he concluded.

  • Indian parliamentary delegation meets PKR leaders in Malaysia, seeks support against terrorism

    Source: Government of India

    Source: Government of India (2)

    n all-party Indian parliamentary delegation, led by JD(U) MP Sanjay Kumar Jha, met with representatives of Malaysia’s People’s Justice Party (PKR) in Kuala Lumpur on Monday, as part of India’s global outreach campaign following the Pahalgam terror attack and subsequent military response under Operation Sindoor.

    The delegation, which arrived in Kuala Lumpur on May 31, was briefed by India’s High Commissioner to Malaysia, B.N. Reddy. He underscored the strategic importance of India-Malaysia relations and “outlined the Malaysia-specific messaging to strongly convey India’s commitment to combat terrorism under Operation Sindoor.”

    According to a statement from the Indian High Commission, the delegation held “wide-ranging” interactions with members of the Indian diaspora and conveyed India’s “resolute stance against cross-border terrorism.”

    “Diaspora members, including voices from the Malaysian Indian Muslim community, unequivocally condemned terrorism. An appeal was made to amplify the message of unity and zero tolerance through various platforms and communities,” the statement said.

    The delegation also engaged with major Malaysian media outlets and social media influencers, stressing India’s new doctrine that “terror and talks cannot go together” and asserting that any act of terror will now be treated as an act of war.

    “The delegation paid heartfelt homage to the Malaysian national who lost her life in the 26/11 Mumbai terror attacks, emphasizing that terrorism is a global menace that endangers all of humanity,” the statement said.

    Speaking to ANI, delegation leader Sanjay Kumar Jha outlined the significance of the multi-nation tour.

    “Our first visit was to Japan and it was an important country because so many trades of ours happen with Japan…Japan endorsed the stance of the country…Then we went to South Korea…they also appreciated and supported us…in Singapore also…we had positive talks…Jakarta has the highest Muslim population in the world…their stand against terrorism was in support of India…the whole world has criticised the Pahalgam attack,” he said

    He added: “We will be in Malaysia till the day after tomorrow…the President of Malaysia has strongly condemned (Pahalgam attack)…we have made two requests, the first one is that we are not part of the Organisation of Islamic Cooperation (OIC) even though India has a large Muslim population…Pakistan keeps passing resolutions against us…so we have sought support from Malaysia and Indonesia…Pakistan needs to be brought back to the FATF list, so we have kept this demand before all the countries to consider this and extend support to this. Malaysia has supported us in getting a permanent membership in the UN Security Council…,”

    Apart from Jha, the delegation includes MPs Aparajita Sarangi (BJP), Abhishek Banerjee (TMC), Brij Lal (BJP), John Brittas (CPI-M), Pradan Baruah (BJP), and Hemang Joshi (BJP), along with former Union Minister and senior Congress leader Salman Khurshid, and former Indian Ambassador to France Mohan Kumar.

    (With ANI inputs)

  • India Stands Out as Global Fintech Bright Spot as Credit Demand Surges

    Source: Government of India

    Source: Government of India (2)

    ndia has emerged as one of the most dynamic fintech markets globally, driven by a potent combination of digital public infrastructure (UPI, Aadhaar, Account Aggregator), a mobile-first population, and regulatory clarity, a report showed on Monday.

    Fintech-led digital lending grew at a 35 per cent CAGR in 2024, driven by rising credit demand, according to the report by QED Investors and Boston Consulting Group (BCG).

    Tools like UPI have enabled a wave of fintech innovation — from digital lending to payments to wealth — particularly benefiting underserved and unbanked populations. These enablers have accelerated innovation and financial inclusion at scale, making India a key focus for both global investors and domestic fintech players, said the report.

    India features among the top geographies poised for future fintech investment. Investors are encouraged to diversify capital into high-growth regions like India, with an emphasis on AI integration and disciplined scaling, it added.

    India’s affluent middle class, currently 31 per cent of the population, is projected to grow to 40 per cent (nearly 600 million) by 2031. This demographic shift is fuelling a surge in consumer demand for credit across the retail, consumption, and SME sectors.

    “India stands at a unique inflection point in the global fintech landscape. With a strong foundation in digital infrastructure like UPI, Aadhaar, Account Aggregator, and a tech-savvy, mobile-first population, the country has already shown how innovation can drive financial inclusion at scale,” said Sandeep Patil, Partner and Head of Asia at QED Investors.

    To win the next chapter, fintechs must pair innovation with disciplined execution.

    “That means building trust, demonstrating profitability, and navigating an evolving regulatory landscape with maturity. The Indian market is large, dynamic, and underpenetrated — well positioned to be one of the defining arenas for global fintech over the next decade,” Patil added.

    Globally, in 2024, fintech revenues grew by 21 per cent — up from 13 per cent in 2023 — marking a threefold acceleration over the financial services industry at large.

    “A class of scaled fintechs is coming of age. Investors are demanding greater maturity, and regulators want more accountability,” said Deepak Goyal, a Managing Director and Senior Partner at BCG.

    “Meanwhile, emerging disruptors are harnessing next-generation technologies like agentic AI and pioneering new business models, pushing established players to continuously innovate,” he added.

    (IANS)

  • President of Paraguay Santiago Peña begins state visit to India

    Source: Government of India

    Source: Government of India (2)

    he President of Paraguay, Santiago Peña Palacios, arrived in India on Monday for a State Visit from June 2 to 4 at the invitation of Prime Minister Narendra Modi. This marks his first official visit to India and only the second-ever visit by a Paraguayan head of state to the country.

    President Peña is accompanied by a high-level delegation comprising ministers, senior officials, and business representatives. As part of the visit, he will also travel to Mumbai before concluding his trip on June 4.

    During his stay in New Delhi, President Peña is scheduled to hold discussions with Prime Minister Modi on Monday, where the two leaders will review the full spectrum of bilateral relations. Prime Minister Modi is also set to host a luncheon in honour of the visiting dignitary. President Droupadi Murmu is expected to meet President Peña and will host a banquet in his honour. Vice President Jagdeep Dhankhar and External Affairs Minister Dr. S. Jaishankar are also expected to call on the Paraguayan President.

    India and Paraguay established diplomatic relations on September 13, 1961, and have since shared warm and cooperative ties. Over the years, both nations have expanded their collaboration in key sectors such as trade, agriculture, health, pharmaceuticals, and information technology. Paraguay holds significance as a trading partner for India within Latin America, with several Indian companies in the automobile and pharmaceutical sectors operating in the country. Conversely, Paraguayan firms, primarily through joint ventures, have established a presence in India, adding strength to bilateral economic engagement.

    The two nations also share similar perspectives on various global issues, including the need for reforms in the United Nations, action on climate change, promotion of renewable energy, and the fight against terrorism.

    As part of his Mumbai visit, President Peña is expected to meet with state leaders as well as representatives from India’s business community, startups, innovators, and the technology sector.

  • Viksit Bharat Requires Thriving Agriculture, Prosperous Farmers: Shivraj Singh Chouhan in Bihar

    Source: Government of India

    Source: Government of India (2)

    nion Agriculture Minister Shivraj Singh Chouhan on Monday emphasised the government’s firm commitment towards building a ‘Viksit Bharat’, stating that the path to national development passes through agricultural prosperity and farmers’ welfare.

    Union Minister Chouhan is in Motihari, Bihar. He is holding discussions focused on boosting agricultural productivity and ensuring better livelihoods for farmers in the state.

    Highlighting the vision of Prime Minister Narendra Modi, Chouhan said, “The Prime Minister is committed to building a Viksit Bharat. For this, developed agriculture and prosperous farmers are essential. This is the guiding mantra of the Agriculture Department. Across the country, 16,000 agricultural scientists are engaging directly with farmers. Scientists, along with state and central agriculture departments and agricultural universities, are working together to find ways to increase production, reduce input costs, ensure fair prices for farmers, and provide compensation in case of losses.”

    “I have come to Bihar to support and serve the farmers here and help increase agricultural productivity,” he added.

    During his visit, Chouhan stressed that Bihar holds tremendous potential for agricultural development, and efforts are being made to ensure that farmers in the region benefit from scientific innovations, government schemes, and institutional collaboration.

    He added that the government is actively promoting agricultural diversification, natural farming, and focused initiatives like the Pulses Mission and Oilseeds Mission — all aimed at making Indian agriculture more resilient, sustainable, and profitable.

    Referring to the ongoing efforts under the government’s “Viksit Krishi Sankalp Abhiyan,” Chouhan said, “Ek Rashtra, Ek Krishi, Ek Team (One Nation, One Agriculture, One Team)” is the motto driving these initiatives. He underlined the importance of integrating the efforts of central and state governments, agricultural scientists, and universities to ensure long-term solutions for India’s agricultural challenges.

    (IANS)

  • Indian delegation meets UK Shadow Foreign Secretary Priti Patel, highlights Operation Sindoor and India’s counter-terrorism resolve

    Source: Government of India

    Source: Government of India (2)

    n all-party Indian parliamentary delegation, led by BJP MP Ravi Shankar Prasad, met with the UK’s Shadow Foreign Secretary Priti Patel and her team on Sunday to convey India’s unwavering resolve in combating cross-border terrorism.

    During the meeting, the delegation emphasized India’s evolving counter-terrorism doctrine, highlighting Operation Sindoor as a clear representation of the country’s “new normal” in its response to terror threats.

    “The All-Party Parliamentary Delegation met with Shadow Foreign Secretary @pritipatel and her team to share India’s firm resolve in combating cross-border terrorism. They also highlighted how #OperationSindoor exemplifies the new normal set by India in this ongoing effort,” the Indian High Commission in the UK said in a post on X.

    Earlier, the delegation engaged with members of the Indian diaspora at India House in London. In their address, the members reiterated India’s united stance against terrorism and reaffirmed the country’s commitment to taking decisive action against any acts of terror.

    “The All Party Delegation of MPs interacted with representatives of the large and diverse Indian Diaspora at India House in London today. They reaffirmed India’s united stance and unwavering commitment to combating terrorism in all its forms, and underlined the readiness of India to continue to decisively punish any and all acts of terror,” the High Commission noted.

    During the interaction, Ravi Shankar Prasad launched a scathing critique of Pakistan, calling it a failed democracy run by its military establishment.

    “Pakistan armed forces have made a country for themselves — unelected, unaccountable, and without popular mandate,” Prasad said. “Ayub Khan ruled for a decade, Yahya Khan for over seven years, Zia-ul-Haq for eleven, and General Musharraf for nine. Now there is General Munir, who was defeated in the field but promoted to field marshal. That is the whole scenario.”

    Prasad also condemned Pakistan for sheltering Osama bin Laden, the mastermind of the 9/11 attacks. Praising Operation Sindoor, he pointed out that the terrorists responsible for hijacking Indian Airlines flight IC-814 in 1999 and securing the release of Jaish-e-Mohammed chief Masood Azhar, were neutralized by Indian forces under the operation. He added that members of Azhar’s family were also killed during the offensive.

    Apart from Prasad, the delegation includes BJP MPs Daggubati Purandeswari and Samik Bhattacharya, Shiv Sena (UBT) MP Priyanka Chaturvedi, Congress MPs Ghulam Ali Khatana and Amar Singh, former Union Minister MJ Akbar, and former Ambassador to Russia and the US, Pankaj Saran.

    (With inputs from ANI)

  • Security personnel rescue people stranded in floods in Northeastern states

    Source: Government of India

    Source: Government of India (2)

    large-scale humanitarian and disaster relief operation is underway across the Northeastern states of India as incessant rainfall has triggered severe flooding in several regions. The Indian Air Force, Central Armed Police Forces, National Disaster Response Force (NDRF), and state authorities have launched coordinated rescue and relief efforts to assist those stranded.

    Union Minister Kiren Rijiju confirmed the launch of the mission on Monday, calling it a critical intervention to manage the unfolding crisis. “A critical humanitarian assistance and disaster relief mission is being launched by the Indian Air Force, Central Armed Forces, NDRF and State Government Forces in North East India,” Rijiju said in a post on X.

    In Manipur, the Indian Army and Assam Rifles have intensified their efforts under Operation Jal Rahat-2, rescuing over 500 civilians from flood-hit areas in Imphal East and West. The affected zones include Wangkhei, Heingang, Lamlong, Khurai, JNIMS, and Ahallup.

    Ten flood relief columns, equipped with BAUTs (Boat Assault Universal Type) and inflatable boats, have been deployed. Army personnel also undertook emergency repair work on a breached section of the Iril River boundary wall near Arapti Lamkhai in Lilong, Thoubal district, in a bid to prevent further flooding.

    “Army boats ferried stranded patients to safety at JNIMS Hospital. Nearly 800 bottles of drinking water and other essential supplies were distributed to displaced families across affected areas,” the Indian Army said in a statement.

    Operations are being carried out in close coordination with civil authorities to ensure timely aid and continuous support for the affected population.

    Meanwhile, in Sikkim’s Mangan district, restoration work continues after the Phidang Bailey Bridge, which connects Mangan to Chungthang, was partially damaged by the swelling Teesta River. Authorities have restored the Chungthang-Phidang road, enabling the safe evacuation of stranded tourists.

    Search operations are still ongoing for nine tourists who went missing following a tragic vehicle accident in Mangan on May 29. The rescue efforts are being supervised by a joint task force comprising the District Police, District Administration, Indo-Tibetan Border Police (ITBP), Army, Border Roads Organisation (BRO), NDRF, General Reserve Engineer Force (GREF), Fire and Medical Teams, Tourism and Civil Aviation Department, and local stakeholders including the TAAS and Driver Association.

    (ANI)

  • Kanimozhi-led delegation pays tribute to Mahatma Gandhi’s statue in Spain

    Source: Government of India

    Source: Government of India (4)

    An all-party Indian Parliamentary delegation led by DMK MP Kanimozhi Karunanidhi began the final leg of its five-nation visit in Madrid on Sunday.

    The Indian Embassy in Spain said in a statement on X: “The All-Party Parliamentary Delegation commenced the final leg of its five-nation visit in Madrid by paying homage to the bust of Mahatma Gandhi. The tribute was a solemn occasion to reflect on and honor the Mahatma’s enduring values of non-violence and peace.”

    Following the ceremony, the delegation engaged with members of the Indian community and emphasized that India remains unshakable and united in its fight against terrorism, which threatens global peace and humanity. The delegation highlighted that its diverse composition reflects a strong national consensus and resolve across political lines to combat this menace. They urged the Indian community in Spain to take pride in their roots, stand united and actively support India’s efforts to promote justice and peace.

    “During the interaction, members of the Indian diaspora shared that their Spanish acquaintances had reacted with shock and concern to the April 22 terror attack in Pahalgam, reflecting growing international awareness of the challenges India faces in combating terrorism,” the statement said.

    The community also expressed strong support for India’s counter-terrorism efforts and conveyed their solidarity with the nation, the statement added. “The delegation is scheduled to engage with members of the Spanish government, parliamentarians and civil society representatives on the final day of their visit. These engagements will provide a platform to brief Spanish leaders on Operation Sindoor and to articulate India’s position as the world’s fourth-largest economy, committed to peace, stability and a resolute stance against terrorism.”

    In another post on X, the Indian Embassy said: “The All-Party Parliamentary Delegation had a insightful interaction with the Indian diaspora, reaffirming India’s unwavering commitment to peace in the face of terrorism. They emphasized that India will lead the global fight against terrorism, upholding the values of peace and resilience. The delegation with humility and conviction, called upon the community to stand united in pride and shared heritage. The diaspora responded with heartfelt enthusiasm, expressing deep solidarity with the nation and a strong sense of identity and belonging.”

    “The All-Party Parliamentary Delegation visiting Spain interacted with Arturo Fernandez Alvarez, a Spanish businessman, who is a survivor of the horrible terror attacks that took place in Mumbai on November 26, 2008. Arturo joined the delegation in condemning the menace of terrorism,” added the embassy.

    Apart from Kanimozhi, the delegation includes Samajwadi Party MP Rajeev Rai, BJP MP Captain Brijesh Chowta (Retd.), RJD MP Prem Chand Gupta, AAP MP Ashok Kumar Mittal, and Former Deputy Permanent Representative of India to the UN, Ambassador Manjeev Singh Puri and Ambassador Jawed Ashraf.

  • Drones hidden in wooden sheds: How Ukraine carried out its most devastating drone strike of the war

    Source: Government of India

    Source: Government of India (4)

    Ukrainian secret services were able to attack strategic bomber aircraft at Russian air bases on Sunday by hiding explosive-laden drones inside the roofs of wooden sheds, according to a Ukrainian security official and images posted online.

    Ukraine’s domestic security agency, the SBU, acknowledged that it carried out the operation, codenamed “Spider’s Web” and said it had caused considerable damage.

    The sheds were loaded onto trucks that were driven to the perimeter of the air bases. The roof panels of the sheds were lifted off by a remotely-activated mechanism, allowing the drones to fly out and begin their attack, the official said.

    The security official, who spoke on condition of anonymity, said strikes were conducted on Sunday on four air bases, and that 41 Russian warplanes were hit.

    An SBU statement posted on the Telegram messaging app estimated the damage caused by the assaults at $7 billion.

    “Thirty-four percent of strategic cruise missile carriers at the main airfields of the Russian Federation were hit,” the SBU said on the Telegram messaging app.

    President Volodymyr Zelenskiy, writing on Telegram, expressed delight at the “absolutely brilliant outcome”.

    “And an outcome produced by Ukraine independently,” he wrote, noting that the operation had taken more than a year and a half to prepare. “This is our longest-range operation.”

    Speaking shortly afterwards in his nightly video address, the president noted that 117 drones had been used to attack the Russian bases and that Russian forces suffered “very tangible losses, and justifiably so”.

    Zelenskiy said the SBU had set up a nerve centre for the operation right next to a regional office of Russia’s FSB intelligence service. All operatives taking part had been brought out of Russia “on the eve of the operation”, he said.

    VIDEO SHOWS BOMBERS ABLAZE

    Unverified video and pictures posted on Russian social media showed Russian strategic bombers on fire at the Belaya air base in the Irkutsk region of Siberia.

    Igor Kobzev, the regional governor, said there had been a drone attack on a military unit near the village of Sredny, which is near the Belaya base, though he did not specify what the target was. He said the drones had been launched from a truck.

    The Irkutsk region attack was the first time a drone assault had been mounted by Ukraine so far from the front lines, which are more than 4,300 km (2,670 miles) away.

    That is beyond the range of the long-range strike drones or ballistic missiles Ukraine has in its arsenal, so required a special scheme to get the drones close enough to their targets.

    Photographs shared with Reuters by the Ukrainian security official showed dozens of short-range quadrocopter drones piled up in an industrial facility. The official said these were the same devices used in the attack.

    Other images shared by the official showed the wooden sheds with their metal roofing panels removed, and the drones sitting in the cavities between roof beams.

    Separate video posted on Russian Telegram channels, which has not been verified by Reuters, appeared to show matching sheds on the back of a truck.

    The roof panels can be seen lying on the ground next to the truck, and the video footage shows at least two drones rising out of the top of the sheds and flying off.

    The Russian online media outlet that posted the video, Baza, said in a caption that it was filmed in the district near the Belaya air base.

    The Irkutsk region air base hosts Tupolev Tu-22M supersonic long-range strategic bombers, a type of aircraft that has been used to launch missiles against targets in Ukraine.

    The operation, according to the Ukrainian security official, was personally overseen by Zelenskiy and Vasyl Maliuk, head of the SBU domestic intelligence agency.

    If confirmed, the strikes would be the most damaging Ukrainian drone attack of the war, and would be a significant setback for Moscow.

    The source shared video footage shot from a drone, saying it showed one of the strikes. The images showed several large aircraft, some of which appeared to be Tu-95 strategic bombers, on fire.

    (Reuters)

  • MIL-OSI USA: Amata’s Statement of Strong Support for President Trump’s Fishing Order as Lawsuit Filed

    Source: United States House of Representatives – Congresswoman Aumua Amata (Western Samoa)

    Washington, D.C. – Congresswoman Uifa’atali Amata released the following statement: 

    “These islands within PRIMNM are not Hawaiian islands nor are they American Samoan islands; these are America’s islands and waterways, and food security is national security. Insuring the safe supply of domestic American canned tuna for our military, schoolchildren and consumers is paramount and a national emergency that President Trump has recognized and acted upon with the urgency that is needed.

    “I commend his Administration for both enacting his Executive Orders in this regard in his first 100 days and for doing so on April 17, American Samoa’s Flag Day, when the union between the United States and American Samoa was enacted.

    “The President recognized and honored Fa’a Samoa, the Samoan way of life, by taking this action on the historic 125th Flag Day just a few weeks ago and helped all Americans during these critical times of food and other resource needs to protect our whole country.

    “Lastly, neither Presidents Bush, Obama or Biden ever asked American Samoa what they wanted before they took away our indigenous fishing rights without any science — they decided what they wanted first, gave us lip service and back filled their decisions with bureaucracy and outside interests. President Trump asked and acted, and I thank him again for his EO for the safety and security of the food supply for American Samoa and all America.”

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    MIL OSI USA News –

  • MIL-OSI USA: Amata Welcomes $302,000 EPA Water Quality Monitoring Grant

    Source: United States House of Representatives – Congresswoman Aumua Amata (Western Samoa)

    Washington, D.C. – Congresswoman Uifa’atali Amata is welcoming $302,000 in federal funds for American Samoa from the U.S. Environmental Protection Agency (EPA) authorized by Congress in the BEACH Act. 

    “The EPA is fulfilling one of its original key functions with these coastal water monitoring funds for health protection,” said Congresswoman Aumua Amata. “Thank you to EPA Administrator Lee Zeldin, a friend and former colleague in Congress, as well as Region 9 Administrator Josh F.W. Cook as you work with our dedicated local department and American Samoa Government on this and other efforts throughout the year.”

    In all, the EPA has announced $9.7 million in BEACH Act grant funding for states, Tribes and territories to monitor water quality at coastal and Great Lakes beaches such as to notify the public if elevated levels of illness-causing bacteria make swimming unsafe.

    The Beaches Environmental Assessment and Coastal Health (BEACH) Act was reauthorized by Congress in 2024. The EPA states these allocations advance the agency’s goals of cooperative federalism and ensuring that every American has access to clean and safe water. Each of these goals supports EPA’s “Powering the Great American Comeback” initiative.

    “Millions of Americans will travel to the beach this summer to relax or play in the water. They will make lifelong memories and provide a boon to local economies,” said EPA’s Acting Assistant Administrator for Water Peggy Browne. “With $9.7 million from EPA, states and local authorities can help ensure that our beaches are open for business and that beachgoers can swim and splash without fear of getting sick.”

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    MIL OSI USA News –