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Category: Asia Pacific

  • MIL-OSI Europe: ASIA/HONG KONG – Cardinal Chow: Pope Leo wants to visit China, let us pray that his dream may come true.

    Source: Agenzia Fides – MIL OSI

    Hong Kong (Agenzia Fides) – Cardinal Stephen Chow Sau-yan, Bishop of Hong Kong, invited all the faithful to pray “that Leo XIV may set foot in China as Pope.” During the Mass celebrated on May 22 in Hong Kong Cathedral, dedicated to the Immaculate Conception, the Jesuit Cardinal also offered prayers recalling the beginning of Pope Leo’s Petrine ministry, which took place with the Eucharistic celebration presided over by the Pontiff four days earlier in St. Peter’s Square. Pope Leo XIV, the Bishop of Hong Kong confided during his homily, “told me he would like to make a pastoral visit to China. I ask you to pray for him, so that he may realize the unfulfilled dream of Pope Francis. He also told me,” Cardinal Chow added, “that he was the first Pope to visit mainland China (before his papal election, ed.). I believe he is not foreign to Chinese culture. It would be very significant if he could make a pastoral visit to China as Pope, so I ask you to pray for this dream.”Two days later, at the end of the Eucharistic liturgy on Saturday, May 24, celebrated on the occasion of the Day of Prayer for the Church in China, Cardinal Chow renewed his appeal, sharing with those present his experience as a pilgrim to the Marian shrine of Sheshan, near Shanghai, which he experienced last February with a representative of the Diocese of Hong Kong. Cardinal Stephen recounted the great emotion he felt upon finally seeing the large statue at the top of the hill and how, standing before it, everyone prayed for Pope Francis’s health when he was admitted to the Gemelli hospital in Rome.”Now,” Cardinal Chow added, ” Pope Francis is in heaven, praying for us and for our Church in China. He always longed to visit China and meet our brothers and sisters there… We now pray that his successor, as the successor of St. Peter, may one day set foot on Chinese soil as pope.”According to Kung Kao Pao, the weekly bulletin of the Diocese of Hong Kong, following the election of Pope Leo XIV, a solemn ecumenical celebration was held in Hong Kong Cathedral to invoke heaven’s blessings for Pope Francis. The event was attended by several leaders of local Churches and ecclesial communities, local government officials, diplomats present in Hong Kong, and more than 700 faithful. On that occasion, Cardinal Chow emphasized that the ministry exercised by Pope Leo is a ministry at the service of unity. “Today we pray for the new Pope Leo XIV, that he may be blessed with good health and wisdom for his mission, and that, following him as head of our Church, we may be united in communion and continue spreading the Gospel in a spirit of synodality and communion.” In the aforementioned May 24 liturgy, the Cardinal also implored everyone “not to judge or generalise about people in either the open or underground Church.” “Only they know the circumstances influencing their decisions, and only the Lord can see into their hearts,” Cardinal Chow added, recalling Jesus’ words in the Gospel according to Saint Luke: “Be merciful, just as your Father is merciful… Do not judge, and you will not be judged.” “Our Lady of China, and Mary, Help of Christians of Sheshan,” added the Bishop of Hong Kong, “is and will always be with the people of God in mainland China.” At the end of the liturgy, the assembly also recited in community the Prayer to Our Lady of Sheshan written by Pope Benedict XVI to invoke God’s blessing on all Chinese people. (NZ) (Agenzia Fides, 30/5/2025)
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  • MIL-OSI Europe: ASIA/SOUTH KOREA – Archdiocese of Seoul remembers its martyrs: “Fertile ground for the Korean Church”

    Source: Agenzia Fides – MIL OSI

    Friday, 30 May 2025

    Committee for Communications, Archdiocese of Seoul

    Seoul (Agenzia Fides) – The Catholic faithful of Seoul gathered for prayer at the Seosomun Shrine, where the memory of Blessed Paul Yun Ji-chung and his 123 companions, martyred at the end of the 18th century, was celebrated in their final hours.The Archbishop of Seoul, Peter Soon-taick Chung, presided over the solemn Mass, which marked the 11th anniversary of the beatification, presided over by Pope Francis during his visit to Korea in 2014. Cardinal Andrew Soo-jung Yeom, Archbishop Emeritus of Seoul and Apostolic Administrator of the Diocese of Pyongyang, and Job Yo-bi Koo, Auxiliary Bishop of Seoul, concelebrated along with several dozen priests.In his homily, Archbishop Soon-taick Chung addressed the significance of the place where the Mass was celebrated. Many Catholics were killed at the site of the shrine during the anti-Christian persecutions in the Joseon Dynasty. Among them are today 44 saints and 27 blessed.”This holy land is soaked with the blood of those who testified to their love for God through martyrdom,” said the archbishop, emphasizing that over time the site has become “fertile ground for the Korean Church.” “The sacrifice of these witnesses laid the foundation on which our faith community rests today,” he said.”Their faith remains a living example, a compass that guides us even today,” the Archbishop of Seoul continued, before quoting the words spoken by Pope Francis during the beatification Mass: “They were willing to make great sacrifices and renounce everything that could have separated them from Christ, because they knew that he alone was their true treasure.”And it is precisely the example of these martyrs “that calls each of us to bear witness to the love of God through an authentic Christian life.” Through their actions, he continued, “they entrusted us with a mission that demands our charity and our commitment to justice and reconciliation.”Therefore, Archbishop Soon-taick Chung concluded, “today we not only remember the martyrs, but we renew our commitment to the fidelity of which they were an example. The courage, conviction, and unwavering love they demonstrated must serve as a guide for our present and future generations.”The Archdiocese of Seoul announced that the descendants of the Servants of God Kwon Il-shin and Yi Seung-hun, two figures of early Korean Catholicism, were also present at the celebration, symbolizing the bond between that first generation that gave its life for the Catholic faith and the Church of today. (F.B.) (Agenzia Fides, 30/5/2025)
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  • MIL-Evening Report: Detroit’s population grew in 2023, 2024 − a strategy to welcome immigrants helps explain the turnaround from decades of population decline

    Source: The Conversation (Au and NZ) – By Paul N. McDaniel, Associate Professor of Geography, Kennesaw State University

    The Mexican-American community in southwest Detroit held a rally in March 2025, asking ICE to leave the immigrant community alone. Jim West/UCG/Universal Images Group via Getty Images

    Detroit’s population grew in 2024 for the second year in a row. This is a remarkable comeback after decades of population decline in the Motor City.

    What explains the turnaround? One factor may be Detroit’s efforts to attract and settle immigrants.

    These efforts continue despite a dramatic national shift in tone toward new arrivals. This includes executive orders from the second Trump administration targeting immigrant communities, international students and their universities, and cities in which immigrants live.

    We study urban geography and immigrant integration. Despite these federal policy shifts, our own research and that of others has found that local leaders in cities across the U.S. are actively working to bring immigrants in and help them become part of local communities, generally for economic reasons.

    Our recent publications on immigrant integration and immigrant community engagement show how and why cities adapt to changes in their population and economies.

    Detroit and other former immigrant gateway metro areas such as Buffalo, New York; Cleveland, Ohio; Milwaukee, Wisconsin; Pittsburgh, Pennsylvania; and St. Louis, Missouri experienced significant immigration in the early 20th century. These population booms were followed by a period of decline in immigration numbers.

    Now these cities are using branding strategies to construct inclusive identities designed to attract and retain immigrants. It may be surprising to think of a city branding itself, but local governments often work with private nonprofits to shape and manage their city’s image. They try to build a unique and desirable identity for the city, differentiate it from competitors, and attract new businesses, residents and tourists this way.

    Here are three reasons why Detroit and other cities want to welcome immigrants:

    1. Encouraging economic growth and attracting talent

    Immigration has a positive impact on the economy, research shows.

    Local leaders in Detroit recognize that in a global economy, a thriving industrial sector and robust labor market are linked to the contributions of immigrant communities. They also understand that the growth of these communities brings positive economic ripple effects.

    Immigrants are more likely than the general population to own their own businesses. Organizations such as Global Detroit encourage entrepreneurship through programs such as the Global Talent Retention Initiative, Global Talent Accelerator and Global Entrepreneur in Residence and provide resources for small businesses.

    Immigrants also fill labor needs, from high-tech fields such as engineering and research to manual labor sectors such as construction and food service.

    The City of Detroit Office of Immigrant Affairs promotes economic development and immigrant integration through education, English as a second language programs, economic empowerment and community resources.

    These efforts are paying off by attracting immigrants to the city.

    This economic impact extends to tourism as well. The region’s marketing campaigns embracing diversity shape how visitors perceive the region. The Detroit Metro Convention & Visitors Bureau spotlights the unique experiences the city’s diverse neighborhoods offer to tourists.

    2. Enhancing community and regional resilience

    Regional resilience describes a region’s ability to withstand and adapt to challenges such as economic shocks and natural disasters. Cities like Detroit that are still trying to bounce back from deindustrialization know from experience how critical this is.

    Immigration contributes to regional resilience, research shows. In addition to supporting local economies and strengthening the labor force, the arrival of immigrants in Detroit has helped offset native-born population decline, stabilizing the overall population and bolstering local tax bases.

    According to our analysis of U.S. Census Bureau data, the Detroit-Warren-Dearborn metro area grew by 1.2%, from a total population of 4,291,843 in 2010 to 4,342,304 in 2023.

    According to U.S. Census Bureau estimates, the Detroit metro area’s native-born population decreased by 58,693 people during that 13-year period, while the foreign-born population increased by 109,154. The top five countries of origin for immigrants in the metro area are India, Iraq, Mexico, Yemen and Lebanon.

    From 2023 to 2024, the metro area’s population gained 40,347 immigrants and lost 11,626 native born residents – resulting in a population gain of 28,721.

    Efforts to welcome immigrants in Detroit and its surrounding communities contributed to this trend of immigrant population growth offsetting overall population decline.

    3. Promoting social cohesion and enhanced civic engagement

    Successful place brands are rooted in inclusion and a strong civil society. Detroit’s rich tapestry of cultures in areas such as Dearborn and Hamtramck creates a vibrant regional identity.

    Organizations such as Global Detroit’s Welcoming Michigan actively support local grassroots efforts to build mutual respect and ensure that immigrants are able to participate fully in the social, civic and economic fabric of their hometowns.

    Examples include Global Detroit’s Social Cohesion Initiative, Common Bond and Opportunity Neighborhoods. These initiatives help bring neighborhood residents of various backgrounds together to share their cultures, support each other’s small businesses and socialize. Such programs strengthen the region’s democratic foundations and enhance its appeal as a welcoming and inclusive place to live.

    Forging a way forward

    Detroit has found that welcoming immigrants and integrating them into the life of the city is one way to navigate the economic, political and cultural challenges it faces.

    And it is not alone in embracing this strategy. Other cities practicing similar strategies include Baltimore; Boise, Idaho; Charlotte, North Carolina; Dallas; Dayton, Ohio; Louisville, Kentucky; New Orleans; Pittsburgh; Roanoke, Virginia; and Salt Lake City.

    Although not all cities choose to pursue such strategies, in those that do, local leaders signal a region ready for a globalized future.

    Paul N. McDaniel previously received funding from the National Geographic Society, served on the Content Advisory Board for the Welcoming Standard and on the Steering Committee for Welcoming America’s One Region Initiative, and is a member of the American Association of Geographers.

    Darlene Xiomara Rodriguez was co-PI on funding received from the National Geographic Society and served on the national pilot program with Welcoming America One Region Initiative’s Steering Committee and Program Evaluation Team.

    – ref. Detroit’s population grew in 2023, 2024 − a strategy to welcome immigrants helps explain the turnaround from decades of population decline – https://theconversation.com/detroits-population-grew-in-2023-2024-a-strategy-to-welcome-immigrants-helps-explain-the-turnaround-from-decades-of-population-decline-255557

    MIL OSI Analysis – EveningReport.nz –

  • India’s real GDP grows at 6.5% in FY 2024-25; Q4 sees strong 7.4% expansion

    Source: Government of India

    Source: Government of India (4)

    The National Statistics Office (NSO), under the Ministry of Statistics and Programme Implementation (MoSPI), has released the Provisional Estimates of Annual Gross Domestic Product (GDP) for the financial year 2024–25, along with the Quarterly Estimates for the January–March period (Q4) of the same year.

    India’s real GDP at constant (2011–12) prices is estimated to have grown by 6.5% in FY 2024–25, reaching ₹187.97 lakh crore, compared to ₹176.51 lakh crore in 2023–24. At current prices, the nominal GDP has increased by 9.8%, amounting to ₹330.68 lakh crore, up from ₹301.23 lakh crore in the previous financial year.

    Real Gross Value Added (GVA) for the year is estimated at ₹171.87 lakh crore, reflecting a 6.4% growth from ₹161.51 lakh crore in FY 2023–24. The nominal GVA stands at ₹300.22 lakh crore, a 9.5% increase over the previous year.

    In the fourth quarter (January to March) of FY 2024–25, real GDP rose to ₹51.35 lakh crore, a 7.4% increase from ₹47.82 lakh crore in Q4 of FY 2023–24. Nominal GDP during the same period reached ₹88.18 lakh crore, reflecting a 10.8% growth. Real GVA in Q4 stood at ₹45.76 lakh crore, up 6.8% from ₹42.86 lakh crore, while nominal GVA reached ₹79.46 lakh crore, marking a 9.6% increase.

    Among the key drivers of this economic performance, the construction sector led with an annual growth of 9.4%, accelerating to 10.8% growth in Q4. The public administration, defence, and other services sector followed with 8.9% growth during the year and 8.7% in Q4. Financial, real estate, and professional services saw a 7.2% increase annually and 7.8% growth in the final quarter.

    The primary sector, which includes agriculture, livestock, forestry, fishing, mining, and quarrying, registered a growth rate of 4.4% in FY 2024–25, a notable improvement from 2.7% in the previous year. In Q4 alone, the sector grew by 5.0%, up significantly from 0.8% in the same quarter of the previous year.

    Private Final Consumption Expenditure (PFCE) recorded a 7.2% growth during FY 2024–25, reflecting stronger consumer spending compared to 5.6% in FY 2023–24. Gross Fixed Capital Formation (GFCF), an indicator of investment demand, grew by 7.1% for the full year and 9.4% in Q4.

    The GDP estimates were compiled using the benchmark-indicator method, based on the extrapolation of the previous year’s estimates using sector-specific performance indicators. These include data from the Index of Industrial Production (IIP), financial performance of listed companies, crop and livestock output, energy and construction material production, transport and trade data, banking and insurance activity, GST collections, and government expenditure records.

    The estimates also reflect the tax and subsidy data available from both the Central and State Governments. For tax calculations, both GST and non-GST revenues were considered, and for subsidies, major components such as food, urea, petroleum, and nutrient-based subsidies were accounted for.

    These provisional figures are subject to revision based on updated inputs from source agencies. Users are advised to interpret the data with this in mind.

    The next release of GDP data, covering the first quarter of FY 2025–26 (April–June), is scheduled for 29 August 2025.

  • MIL-OSI Asia-Pac: Algernon Yau visits Tokyo

    Source: Hong Kong Information Services

    Secretary for Commerce & Economic Development Algernon Yau today attended the Asia-Pacific Telecommunity (APT) Ministerial Meeting, aimed at strengthening regional collaboration on the development of information and communications technology, in Tokyo, Japan.

     

    Whilst in Tokyo, the commerce chief also took the opportunity to meet Japanese political and business leaders.

     

    Speaking at a discussion session at the ministerial meeting, Mr Yau spoke about Hong Kong’s efforts in building sustainable and accessible information and communications technology infrastructure, and its commitment to a more inclusive and resilient digital future.

     

    Mr Yau said in the wake of the full liberalisation of its telecommunications market in 2003, Hong Kong’s telecommunications sector has become one of the most advanced, open, and dynamic markets globally.

     

    He highlighted that Hong Kong leads the world on mobile voice affordability, ranks second globally on mobile broadband affordability, and is seventh on fixed broadband affordability. The city’s 5G availability also ranks first in the Asia-Pacific region.

     

    Mr Yau emphasised that Hong Kong’s robust infrastructure provides a strong foundation for sustainable telecommunications development, including future 6G deployment and other cutting-edge services.

     

    The 6G Global Summit held in Hong Kong earlier this month, which was the summit’s first edition in the Asia-Pacific region, also focused support for 6G development.

     

    With regard to innovation and technology (I&T), Mr Yau explained that the Hong Kong I&T Development Blueprint, promulgated in 2022, set out clear development directions and strategies including, including accelerated development of new digital infrastructure.

     

    He added that artificial intelligence (AI) opens up vast new opportunities for global economic development and scientific research, and that Hong Kong is developing its AI ecosystem on various fronts. This include the launch of the AI Supercomputing Centre at Cyberport to meet demand for high-performance computing power.

     

    Mr Yau said Hong Kong will continue to work hand in hand with APT members and other stakeholders to advance sustainable infrastructure and promote eco-friendly information and communications technology for a connected future.

     

    Meanwhile, Mr Yau also paid a courtesy call on Japan-Hong Kong Parliamentarian League Chairman and House of Councillors Member Jimi Hanako to update her on Hong Kong’s latest economic and trade developments.

     

    Upon arriving in Tokyo yesterday, Mr Yau paid a courtesy call on Japan’s State Minister for Foreign Affairs Miyaji Takuma.

     

    Noting the close bilateral relations between the two places, Mr Yau updated Mr Miyaji on Hong Kong’s robust economic developments on various fronts under the “one country, two systems” principle, and solicited Japan’s support for Hong Kong’s early accession to the Regional Comprehensive Economic Partnership.

     

    Mr Yau also met Japan Association of Corporate Executives representatives to promote Hong Kong’s business advantages and investment opportunities.

     

    The commerce chief will return to Hong Kong tomorrow after the APT Ministerial Meeting concludes.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Residential Mortgage Survey Results for April 2025

    Source: Hong Kong Government special administrative region

    Residential Mortgage Survey Results for April 2025Issued at HKT 16:30

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

    The Hong Kong Monetary Authority announced the results of the residential mortgage survey for April 2025.

    The number of mortgage applications in April decreased month-on-month by 7.8 per cent to 7 795.

    Mortgage loans approved in April increased by 2.4 per cent compared with March to HK$25.3 billion. Among these, mortgage loans financing primary market transactions decreased by 7.5 per cent to HK$9.3 billion and those financing secondary market transactions increased by 17.6 per cent to HK$13.7 billion. Mortgage loans for refinancing decreased by 23.5% to HK$2.3 billion.

    Mortgage loans drawn down during April increased by 7.7 per cent compared with March to HK$17.1 billion.

    The ratio of new mortgage loans priced with reference to HIBOR increased from 90.4 per cent in March to 91.8 per cent in April. The ratio of new mortgage loans priced with reference to best lending rates decreased from 3.2 per cent in March to 2.3 per cent in April.

    The outstanding value of mortgage loans increased month-on-month by 0.2 per cent to HK$1,881.9 billion at end-April.

    The mortgage delinquency ratio stood at a low level of 0.13 per cent and the rescheduled loan ratio was unchanged at nearly 0 per cent.

    Ends/Friday, May 30, 2025
    Issued at HKT 16:30

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Missing woman in Sham Shui Po located

    Source: Hong Kong Government special administrative region

    A woman who went missing in Sham Shui Po has been located.

    Lung Wai-yan, aged 64, went missing after she was last seen on Cheung Sha Wan Road on May 6 afternoon. Her family made a report to Police on May 28.

    The woman was located in Tung Chau Street Park this afternoon (May 30). She sustained no injuries and no suspicious circumstances were detected.

    Ends/Friday, May 30, 2025
    Issued at HKT 19:12

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Hospital Authority releases Medication Safety Bulletin

    Source: Hong Kong Government special administrative region

    Hospital Authority releases Medication Safety Bulletin Issued at HKT 16:00

    The following is issued on behalf of the Hospital Authority: The Hospital Authority (HA) today (May 30) published the biannual issue of the Medication Safety Bulletin (MSB). This issue focuses on etomidate, a drug that is commonly used in clinical practice to induce anaesthesia or to facilitate sedation. Recently, etomidate has been used illegally as a narcotic and is known as the space oil drug. Since etomidate has been upregulated as a Dangerous Drug, healthcare professionals should comply with relevant requirements on storage, issuance, etc, and maintain regular inspection. The latest issue also reminds healthcare professionals that the “On Long Term Steroid Replacement Alert” has been implemented in the Clinical Management System to safeguard patients receiving longterm hydrocortisone replacement therapy. In addition, the Kowloon Central Cluster shares its experience in enhancing dispensing accuracy with the implementation of the Pick-to-light system in the General Outpatients Clinics. The publication has already been posted on the HA homepage for sharing with healthcare staff. Members of the public are also welcome to browse its content at the following link: www.ha.org.hk/msb. The MSB is published every six months, during the last week of May and November. The next issue will be published in November 2025.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Hong Kong Customs seizes suspected dangerous drugs worth about $2.6 million (with photo)

    Source: Hong Kong Government special administrative region

    Hong Kong Customs seizes suspected dangerous drugs worth about $2.6 million (with photo)Issued at HKT 16:50

    ​Hong Kong Customs yesterday (May 29) seized about 2 kilograms of suspected crack cocaine and 654 suspected “space oil drug” capsules with a total estimated market value of about $2.6 million in Tin Shui Wai. A 25-year-old man and a 29-year-old man were arrested.

    During an anti-narcotics operation conducted in Tin Shui Wai yesterday, Customs intercepted two men. Customs officers later escorted them to a residential premises nearby for a search and seized the batch of suspected crack cocaine and suspected “space oil drug” capsules. A batch of suspected drug-packing paraphernalia and tools were also found therein. The two men were subsequently arrested.

    An investigation is ongoing.

    Under the Dangerous Drugs Ordinance, trafficking in a dangerous drug is a serious offence. The maximum penalty upon conviction is a fine of $5 million and life imprisonment.

    Members of the public may report any suspected drug trafficking activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

    Ends/Friday, May 30, 2025
    Issued at HKT 16:50

    MIL OSI Asia Pacific News –

  • MIL-OSI: Restive Ventures Opens Applications for 9th Fintech Founder Cohort

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, May 30, 2025 (GLOBE NEWSWIRE) — Restive Ventures, the premier seed-stage venture firm focused on fintech innovation, is now accepting applications for its 9th cohort. This application-based investment cycle is open to early-stage founders building the future of financial services, with a growing focus on AI-native companies accelerating transformation across the financial ecosystem.

    Since its launch in 2018, Restive-backed startups have raised over $800 million in follow-on capital and created over $5 billion in enterprise value, reshaping how millions of people and businesses interact with money, data, and infrastructure.

    Applications are open from May 30 to July 15. Founders can apply here.

    “We’re seeing a massive resurgence in fintech—especially in companies where AI is being used to unlock new workflows, reimagine user experiences, and build radically more efficient companies,” said Ryan Falvey, Managing Partner at Restive. “We want to meet technical founders building in this moment—those creating high-velocity businesses in payments, infrastructure, compliance, risk, and more.”

    Restive’s previous cohorts drew over 1,500 applications, with a final group of 10 companies selected. Over 70% of the cohort was AI-native, building across financial infrastructure, compliance, lending, and B2B payments. Founders represented a global mix, including teams from the U.S., Mexico, the U.K., and India, and brought deep technical backgrounds from companies like Stripe, Plaid, and Coinbase.

    Who Should Apply

    The cohort is designed for pre-seed and seed-stage companies, whether the product is live or still in development. Restive is especially interested in startups where:

    • AI is being used to rethink legacy financial processes and empower small, lean teams to build products exceptionally fast
    • Teams are engineering-led with a deep understanding of the technical problem they’re solving
    • The business touches a regulated space, enterprise workflow, or consumer financial experience
    • Founders are seeking early capital plus high-touch connectivity to fintech operators, regulators, and follow-on VCs

    What Selected Startups Receive:

    • At least a $500,000 initial investment at market terms
    • One-on-one support from fintech operators and an industry-leading network of founders
    • Curated introductions to partners, regulators, and future investors
    • Ongoing capital support throughout the company’s early growth

    Restive’s selection process is open to any fintech startup, pre-seed or seed, across a wide range of verticals. “In the last quarter alone, we’ve seen fintech M&A activity and IPO interest pick up and a strong return of venture appetite in early-stage deals,” said Cameron Peake, Partner at Restive. “There’s a clear market pull—and we want to help the most promising founders move faster.”

    Fintech founders interested in joining the next cohort can learn more and apply here.

    About Restive Ventures
    Restive is on a mission to help entrepreneurs build the world’s best fintech companies. Restive partners with early founders who have an unrelenting vision to improve fintech and build world-changing companies. The team provides a foundation of early-stage capital, deep operational expertise, and systematic connections to help founders launch and grow more quickly. Learn more at https://www.restive.com or follow X/Twitter and LinkedIn.

    Contact:

    Press@restive.com

    The MIL Network –

  • MIL-OSI: Australian Oilseeds Announces Third Quarter Fiscal 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    COOTAMUNDRA, Australia, May 30, 2025 (GLOBE NEWSWIRE) — Australian Oilseeds Holdings Limited (the “Company”) (NASDAQ: COOT), a manufacturer and seller of sustainable edible oils to customers globally, today announced financial results for its third quarter fiscal 2025 ended March 31, 2025.

    Third Quarter Fiscal 2025 Financial Highlights Compared to Prior Year

    • Sales revenue increased 49.8% to A$9.4 million driven by broad-based growth across retail, wholesale and high protein meal categories.
    • Retail oil revenue increased 69.4% to A$4.7 million reflecting expanded distribution at several leading retailers in Australia along with the addition of new SKUs.
    • Net loss of A$0.6 million compared to net income of A$41 thousand, reflecting changes to sales mix, planned investments in brand and marketing, as well as higher professional fees, insurance and employee costs.

    “We were pleased to deliver strong year-over-year growth in the third quarter, led by our retail category where our expanded distribution network and broader product lineup drove results,” said Gary Seaton, Chief Executive Officer. “We also saw robust demand across customers and channels, validating our commitment to premium quality. We remain steadfast in our commitment to eliminating chemicals from the edible oil production and manufacturing systems and continue to believe we are well positioned for significant growth and improving returns over the long term.”

    About Australian Oilseeds Holdings Limited. Australian Oilseeds Holdings Limited, a Cayman Islands exempted company (the “Company”) (NASDAQ: COOT) through its subsidiaries, including Australian Oilseeds Investments Pty Ltd., an Australian proprietary company, is focused on the manufacture and sale of sustainable oilseeds (e.g., seeds grown primarily for the production of edible oils) and is committed to working with all suppliers in the food supply chain to eliminate chemicals from the production and manufacturing systems to supply quality products to customers globally. The Company engages in the business of processing, manufacture and sale of non-GMO oilseeds and organic and non-organic food-grade oils, for the rapidly growing oilseeds market, through sourcing materials from suppliers focused on reducing the use of chemicals in consumables in order to supply healthier food ingredients, vegetable oils, proteins and other products to customers globally. Over the past 20 years, the Company’s cold pressing oil plant has grown to become the largest in Australia, pressing strictly GMO-free conventional and organic oilseeds.

    Forward-Looking Statements: This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook, business strategy and plans, market trends and market size, opportunities and positioning. These forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. For example, global economic conditions could in the future reduce demand for our products; we could in the future experience cybersecurity incidents; we may be unable to manage or sustain the level of growth that our business has experienced in prior periods; our financial resources may not be sufficient to maintain or improve our competitive position; we may be unable to attract new customers, or retain or sell additional products to existing customers; we may experience challenges successfully expanding our marketing and sales capabilities, including further specializing our sales force; customer growth could decelerate in the future; we may not achieve expected synergies and efficiencies of operations from recent acquisitions or business combinations, and we may not be able to pay off our convertible notes when due. Further information on potential factors that could affect our financial results is included in our most recent Annual Report on Form 10-K for June 30, 2024 and our other filings with the Securities and Exchange Commission. The forward-looking statements included in this press release represent our views only as of the date of this press release and we assume no obligation and do not intend to update these forward-looking statements.

    Contact
    Australian Oilseeds Holdings Limited
    126-142 Cowcumbla Street
    Cootamundra New South Wales 2590
    Attn: Amarjeet Singh, CFO
    Email: amarjeet.s@energreennutrition.com.au

    Investor Relations Contact
    Reed Anderson
    (646) 277-1260
    reed.anderson@icrinc.com 

    The MIL Network –

  • MIL-OSI: Australian Oilseeds Holdings Limited Announces Conversion of Existing A$5 Million of Debt to Equity, Strengthening Balance Sheet Moving Forward

    Source: GlobeNewswire (MIL-OSI)

    COOTAMUNDRA, Australia, May 30, 2025 (GLOBE NEWSWIRE) — Australian Oilseeds Holdings Limited (the “Company”) (NASDAQ: COOT), a manufacturer and seller of sustainable edible oils to customers globally, today announced a A$5 million debt-to-equity conversion (the “Conversion”).

    In connection with the conversion, JSKS Enterprises Pty Ltd., (“JSKS”), an entity controlled by Gary Seaton, Chief Executive Officer and a member of the Company’s Board of Directors, converted approximately A$5 million of its outstanding loan into 4,452,479 shares of Company’s ordinary shares, $0.0001 par value per share (“Ordinary Shares”).

    Gary Seaton, Chief Executive Officer, commented, “We continue to be very pleased with the momentum and trajectory of our business. The decision to convert a meaningful portion of debt to equity strengthens our balance sheet and enhances financial flexibility while also demonstrating the long-term commitment to the Company’s future by management and its shareholders, which will reduce our debt by A$5 million and increases our shareholders’ equity by the same amount, and is in line with our strategy to optimize our capital structure.”

    Pursuant to the Conversion, the principal amount of all loans made to the Company by JSKS, along with accrued interest through April 30, 2025, will be deemed repaid by the Company and all of its obligations with respect to the principal amount and accrued interest will be satisfied in full and cancelled. In exchange, the Company has issued to JSKS 4,452,479 Ordinary Shares. 

    About Australian Oilseeds Holdings Limited. Australian Oilseeds Holdings Limited, a Cayman Islands exempted company (the “Company”) (NASDAQ: COOT) through its subsidiaries, including Australian Oilseeds Investments Pty Ltd., an Australian proprietary company, is focused on the manufacture and sale of sustainable oilseeds (e.g., seeds grown primarily for the production of edible oils) and is committed to working with all suppliers in the food supply chain to eliminate chemicals from the production and manufacturing systems to supply quality products to customers globally. The Company engages in the business of processing, manufacture and sale of non-GMO oilseeds and organic and non-organic food-grade oils, for the rapidly growing oilseeds market, through sourcing materials from suppliers focused on reducing the use of chemicals in consumables in order to supply healthier food ingredients, vegetable oils, proteins and other products to customers globally. Over the past 20 years, the Company’s cold pressing oil plant has grown to become the largest in Australia, pressing strictly GMO-free conventional and organic oilseeds.

    Forward-Looking Statements: This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook, business strategy and plans, market trends and market size, opportunities and positioning. These forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. For example, global economic conditions could in the future reduce demand for our products; we could in the future experience cybersecurity incidents; we may be unable to manage or sustain the level of growth that our business has experienced in prior periods; our financial resources may not be sufficient to maintain or improve our competitive position; we may be unable to attract new customers, or retain or sell additional products to existing customers; we may experience challenges successfully expanding our marketing and sales capabilities, including further specializing our sales force; customer growth could decelerate in the future; we may not achieve expected synergies and efficiencies of operations from recent acquisitions or business combinations, and we may not be able to pay off our convertible notes when due. Further information on potential factors that could affect our financial results is included in our most recent Annual Report on Form 10-K for June 30, 2024 and our other filings with the Securities and Exchange Commission. The forward-looking statements included in this press release represent our views only as of the date of this press release and we assume no obligation and do not intend to update these forward-looking statements.

    Contact
    Australian Oilseeds Holdings Limited
    126-142 Cowcumbla Street
    Cootamundra New South Wales 2590
    Attn: Amarjeet Singh, CFO
    Email: amarjeet.s@energreennutrition.com.au

    Investor Relations Contact
    Reed Anderson
    (646) 277-1260
    reed.anderson@icrinc.com

    The MIL Network –

  • MIL-OSI Economics: Lending and Deposit Rates of Scheduled Commercial Banks – May 2025

    Source: Reserve Bank of India

    Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of May 2025 are set out in Tables 1 to 7.

    Highlights:

    Lending Rates:

    • The weighted average lending rate (WALR) on fresh rupee loans of SCBs stood at 9.26 per cent in April 2025 (9.35 per cent in March 2025).

    • The WALR on outstanding rupee loans of SCBs declined to 9.70 per cent in April 2025 from 9.77 per cent in March 2025.1

    • 1-Year median Marginal Cost of Funds based Lending Rate (MCLR) of SCBs moderated to 8.95 per cent in May 2025 from 9.00 per cent in April 2025.

    Deposit Rates:

    • The weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits of SCBs stood at 6.30 per cent in April 2025 as compared to 6.65 per cent in March 2025.

    • The weighted average domestic term deposit rate (WADTDR) on outstanding rupee term deposits of SCBs was 7.01 per cent in April 2025 (7.03 per cent in March 2025).1

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/445

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: CFS announces food safety report for April

    Source: Hong Kong Government special administrative region

    CFS announces food safety report for AprilIssued at HKT 15:00

    The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department today (May 30) released the findings of its food safety report for last month. The results of about 4 400 food samples tested (including food items purchased online) were found to be satisfactory except for four unsatisfactory samples that were announced earlier. The overall satisfactory rate was 99.9 per cent.

    A CFS spokesman said that about 1 200 food samples were collected for microbiological tests, and about 3 200 samples were taken for chemical and radiation level tests.

    The microbiological tests covered pathogens and hygiene indicators; the chemical tests included testing for pesticides, preservatives, metallic contaminants, colouring matters, veterinary drug residues and others; and the radiation-level tests included testing for radioactive caesium and iodine in samples collected from imported food from different regions.

    The samples comprised about 1 400 samples of vegetables and fruit and their products; about 400 samples of cereals, grains and their products; about 400 samples of meat and poultry and their products; about 700 samples of milk, milk products and frozen confections; about 500 samples of aquatic and related products; and about 1 000 samples of other food commodities (including beverages, bakery products and snacks).

    The four unsatisfactory samples comprised a prepackaged milk product sample detected with milk fat content not in compliance with the regulations, and three frozen confection samples found to contain coliform bacteria exceeding the legal limit.

    The CFS has taken follow-up actions on the above-mentioned unsatisfactory samples, including informing the vendors concerned of the test results, instructing them to stop selling the affected food items, and tracing the sources of the food items in question.

    The spokesman reminded the food trade to ensure that food is fit for human consumption and meets legal requirements. Consumers should patronise reliable shops when buying food and maintain a balanced diet to minimise food risks.

    Separately, in response to the Japanese Government’s discharge of nuclear-contaminated water at the Fukushima Nuclear Power Station, the CFS will continue enhancing the testing on imported Japanese food, and make reference to the risk assessment results to adjust relevant surveillance work in a timely manner. The CFS will announce every working day on its dedicated webpage (www.cfs.gov.hk/english/programme/programme_rafs/daily_japan_nuclear_incidents.html) the radiological test results of the samples of food imported from Japan, with a view to enabling the trade and members of the public to have a better grasp of the latest safety information.

    Ends/Friday, May 30, 2025
    Issued at HKT 15:00

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Doctors’ illnesses not linked: CHP

    Source: Hong Kong Information Services

    Regarding an acute gastroenteritis incident involving three oncologists at Princess Margaret Hospital (PMH), the Centre for Health Protection (CHP), having completed its investigation, confirmed today that the illnesses of the three doctors were not related.

     

    On February 10, the CHP received a notification from PMH that three doctors in its oncology department had developed acute gastroenteritis symptoms, and one of them unfortunately passed away on February 7.

     

    PMH’s preliminary investigation revealed that a stool sample from one of the doctors, who had mild symptoms, tested positive for Shiga toxin genes by nucleic acid testing. Hence, the hospital suspected that the cluster might be associated with Shiga toxin-producing Escherichia coli (STEC) infection.

     

    The CHP immediately conducted a comprehensive epidemiological investigation with the help of an expert team led by Hong Kong University Chair of Infectious Diseases Prof Yuen Kwok-yung.

     

    For the doctor suspected of having a STEC infection but with mild symptoms, the CHP found that the bacterial culture of the doctor’s stool sample did not grow any viable STEC bacteria.

     

    Additionally, the CHP collected 34 environmental samples as well as 27 food samples from the oncology department and relevant food premises at PMH, all of which were negative for STEC.

     

    The CHP also enhanced surveillance on the oncology department’s staff, and detected no other related cases.

     

    Based on the available information, apart from confirming that there was no STEC outbreak in PMH’s oncology department, the CHP determined that there was no linkage between the illnesses of the three doctors.

     

    Concerning the doctor’s cause of death, PMH’s pathology department conducted an autopsy and pathological examination, but the post-mortem examination could not determine the exact cause of the pathological changes that led to his death.

     

    Separately, experts from the Hong Kong University Department of Microbiology detected group C rotavirus in various tissue samples of the deceased using nucleic acid testing. However, the virus was not detected in the stool samples of the other two doctors.

     

    The experts were of the view that the initial acute gastroenteritis in the late doctor was caused by group C rotavirus. They also said that the direct relationship between group C rotavirus and the cause of death was uncertain, while other contributing factors could not be ruled out.

     

    According to the Hospital Authority, there have been no deaths from rotavirus infection in public hospitals in the past 10 years, the CHP added.

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: DHS Condemns Biden Administration Failures in the Wake of the Lahaina, Hawaii Fires

    Source: US Federal Emergency Management Agency

    Headline: DHS Condemns Biden Administration Failures in the Wake of the Lahaina, Hawaii Fires

    lass=”text-align-center”>Report reveals 1 in 6 survivors were forced to engage in sexual acts in exchange for basic necessities like food and housing
    WASHINGTON – A new report about the aftermath of the August 2023 Lahaina, Hawaii, fires reveals FEMA’s horrific neglect and mismanagement under the Biden Administration

       According to the report, issued by Filipino Hawaiian advocacy group Tagnawa, conditions for survivors in the aftermath of the fire were both appalling and inhumane

    1 in 6 survivors were forced to engage in sexual acts in exchange for basic necessities like food and housing and some women had to sleep in cars because they felt unsafe in FEMA-coordinated shelters

     “1 in 6 survivors of the Lahaina Fires were forced to engage in sexual acts in exchange for basic necessities like food and housing

    These women — our fellow American citizens — were so desperate for food that they had to resort to such extreme measures just to feed themselves in our own country

    That’s unacceptable

    That is unAmerican,” said DHS Assistant Secretary Tricia McLaughlin

    “While American citizens from Hawaii to North Carolina suffered, Biden and Mayorkas used FEMA as a piggy bank, spending hundreds of millions of American taxpayer dollars to housing illegal aliens, including at the Roosevelt Hotel that served as a Tren de Aragua base of operations and was used to shelter Laken Riley’s killer

    ” This is yet another outrageous example of the gross mismanagement and poor treatment of Americans under the prior administration

     This will never happen again under the leadership of President Trump and Secretary Noem

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Ready for the summer: Governor Newsom announces lifesaving heat-ranking tool, invests $32 million to help communities combat extreme heat

    Source: US State of California 2

    May 29, 2025

    What you need to know: California is launching CalHeatScore – a groundbreaking tool to help protect vulnerable populations from dangerous heatwaves. The state’s new tool provides localized warnings and resources for extreme heat events. Governor Newsom is also announcing $32.4 million in funding to help 47 California communities protect people from dangerous heat events.

    SACRAMENTO – With summer around the corner and temperatures expected to soar to record highs this weekend, California is taking new actions to protect communities from extreme heat – the number one cause of weather-related deaths in the state. 

    Governor Gavin Newsom today announced the launch of CalHeatScore, a cutting-edge tool to forecast and rank heat severity risks and connect Californians with available resources to stay safe during extreme heat events. With CalHeatScore, California becomes the first state in the nation – and one of the only jurisdictions in the world – to launch a heat-ranking system. Today’s announcement comes as the Trump Administration makes life-threatening cuts to the federal government’s weather monitoring apparatus.

    CalHeatScore, developed by the California Environmental Protection Agency’s Office of Environmental Health Hazard Assessment (OEHHA), brings together ZIP-code level data to provide locally tailored guidance. The tool identifies groups most susceptible to extreme heat – such as older adults and children – and provides tips for staying safe, such as how to recognize signs of heat illness. The tool additionally integrates other important data sets, like locations for the nearest cooling centers.

    Map above shows CalHeatScore extreme heat forecast for Friday, May 30. The darkest shades represent the highest heat score of 4 (scale of 0 to 4).

    Governor Newsom additionally announced $32.4 million to support 47 California communities in lifesaving extreme heat mitigation efforts. The Extreme Heat and Community Resilience Program aims to support local, tribal, and regional efforts to combat dangerous heat exposure by building long-lasting infrastructure solutions and strengthening community resilience needed to withstand extreme heat events.

    Extreme heat kills – and with the federal government cutting the very programs that help forecast it, California is taking aggressive action to protect residents from the impacts of extreme heat and build resilience in our most vulnerable communities.

    With the first major heat of the summer expected this weekend, we’re connecting more Californians – particularly those that are most vulnerable to dangerous heat – to life-saving information, resources, and programs across the state.

    Governor Gavin Newsom

    In a hotter, drier world, connecting Californians with extreme weather information and resources has never been more important – especially as the federal government cuts critical programs providing pertinent information on weather.

    First-in-the-nation heat-ranking tool

    The new CalHeatScore tool will be leveraged across state government, providing early warning that allows resources to be mobilized with greater speed and precision to communities that need it. To ensure the new tool works for Californians, the state will continue gathering input from the public, which will be used to shape future updates. 

    “Every single preventable death is one too many,” said Yana Garcia, California’s Secretary for Environmental Protection. “This groundbreaking tool will help Californians plan and respond so they can stay safe when a heat wave is about to strike. And it will shore up the state’s all-in fight against the very real dangers that climate change keeps bringing to our doorstep.”

    In 2021, the California Department of Insurance’s Climate Insurance Workgroup recommended California build a system to rank heat waves to better communicate the deadly risks to Californians and help communities prepare, similar to how tropical storms and hurricanes are described by “category” level. 

    As part of a broader climate package in 2022, Governor Newsom signed Assembly Bill 2238 by Assemblymember Luz Rivas to codify CDI’s recommendation by requiring the state to develop a statewide extreme heat ranking system. 

    “CalHeatScore is an important tool to prepare Californians for extreme heat,” said Nancy Ward, Director of the California Governor’s Office of Emergency Services (Cal OES). “It helps increase our readiness for heat events and protect those at greatest risk.”

    Chart above shows the range of CalHeatScore rankings.

    Building on investments to protect Californians

    The funding announced today builds on the Governor’s Extreme Heat Action Plan, which guides the state’s response to extreme heat events. Developed in partnership with more than 20 state agencies and informed by more than 1,000 individuals through listening sessions and public engagement, these grants respond directly to community needs and build on existing state programs. 

    Extreme heat solutions announced today combine physical infrastructure with nature-based solutions and in-home technology to create more resilient communities. In Los Angeles, the county will work with local organizations to provide safer spaces by planting tree canopies, installing water fountains, and hosting educational programming in parks across the county. In Northern California, North Coast Opportunities and the Middletown Rancheria of Pomo Indians of California, will partner to provide solar-powered air conditioning in the homes of vulnerable community members.  

    “California is taking aggressive action to protect residents from the impacts of extreme heat and build resilience in our most vulnerable communities,” said Samuel Assefa, Director of Governor’s Office of Land Use and Climate Innovation (LCI), the agency overseeing the funding. “With lives on the line each summer, the Extreme Heat and Community Resilience Program will provide critical infrastructure investments in heat vulnerable communities.”

    Extreme heat is the leading cause of weather-related deaths in the state, claiming more lives annually than any other climate threat, including fires and floods. Last year, California communities experienced the hottest summer on record in 130 years. According to a report from the Department of Insurance, from 2013 to 2022, seven extreme heat events resulted in nearly 460 deaths, over 5,000 hospitalizations and about 344 adverse birth outcomes.

    State research shows a correlation between heat and a range of negative health effects including death, lower birth weight, and increased emergency room visits and hospitalizations for conditions ranging from heart conditions to poor mental health. Extreme heat also takes an economic toll on the state, with an estimated $7.7 billion of lost wages, agricultural disruptions, and power outages. 

    Extreme heat calls for more water 

    During periods of extreme heat, access to water is more critical than ever to prevent illness and death. California is expected to lose 10% of its water supply due to hotter and drier conditions, threatening the water supply for millions of Californians. As part of the May Revision, the Governor advanced a groundbreaking proposal to fast-track and streamline one of California’s most important water management and climate adaptation projects, the Delta Conveyance Project, creating much-needed and long-overdue improvements to the State Water Project, which provides water for 27 million people and 750,00 acres of farmland. These vital improvements will help offset and recover these future climate-driven water losses, and yet, it has been plagued by delays and red tape.

    Without action, the ability of the State Water Project to reliably deliver water to homes, farms and businesses will decline. The Governor calls on the legislature to quickly adopt these improvements to ensure that California is ready for a drier and hotter future, and its communities are safe and protected.   

    Press releases, Recent news

    Recent news

    May 29, 2025

    News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring May 2025, as “Asian American and Pacific Islander Heritage Month.”The text of the proclamation and a copy can be found below: PROCLAMATIONCalifornia is home to more than 6…

    May 28, 2025

    News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:LaCandice Ochoa, of Sacramento, has been appointed Deputy Director of the Independent Living and Community Access Division at the Department of Rehabilitation. Ochoa has been Dean of…

    May 28, 2025

    News SACRAMENTO – Governor Gavin Newsom issued the following statement after a federal court ruled today that President Trump exceeded his use of emergency powers to enact broad-sweeping tariffs that hurt states, consumers, and businesses: “Like we said when we filed…

    MIL OSI USA News –

  • MIL-OSI USA: HDOA Specialty Crop Grant Program Accepting Applications

    Source: US State of Hawaii

    HDOA Specialty Crop Grant Program Accepting Applications

    Posted on May 29, 2025 in Main

    Grant Funding Totals More than $500,000

    NR25-12
     May 29, 2025

    HONOLULU – The Hawai‘i Department of Agriculture (HDOA), Market Development Branch (MDB), is accepting applications for the Specialty Crop Block Grant Program (SCBGP) for Fiscal Year 2025. The funding for this year’s program totals $512,663 and seeks project proposals that increase the competitiveness of Hawai‘i’s specialty crops. Award amounts range from $20,000 to $50,000.

    Under the program, the U.S. Department of Agriculture (USDA) allocated funding to each state based on the value of the specialty crops produced. Specialty crops are defined by the USDA as fruits and vegetables, tree nuts, dried fruits, horticulture, and nursery crops (including floriculture). Much of Hawai‘i’s diversified agriculture falls under this specialty crop designation.

    Eligible applicants include non-profit organizations, local, state and federal government entities, for-profit organizations, universities and individuals for projects that enhance the competitiveness of Hawai‘i’s specialty crops. Applicants must reside in, or their business or educational affiliation must be registered in Hawai‘i.

    The primary goal of this grant program is to support projects that could provide the highest measurable benefits or return-on-investment to the specialty crop segment in Hawai‘i. Projects must enhance the competitiveness of Hawai‘i-grown specialty crops, in either domestic or foreign markets. Preference will be given to projects that measurably increase the production and/or consumption of specialty crops, and/or foster the development of fledging crops and organic operations.

    Application information for the Request for Proposals (RFP25-03-MDB) is available on the State Procurement Office website at: https://hands.ehawaii.gov/hands/opportunities

    The application deadline is noon on June 20, 2025.

    To assist applicants, an instructional video will be posted on the SCBGP website at: https://hdoa.hawaii.gov/add/scbgp/

    Inquiries may be addressed to 808-973-9594 or email: [email protected]

    ###

    MIL OSI USA News –

  • Stock market ends lower ahead of key GDP data

    Source: Government of India

    Source: Government of India (4)

    The domestic market closed lower in Friday’s trading session. At the end of trading, the Sensex was down 182.01 points or 0.22 per cent at 81,451.01 while the Nifty was down 82.9 points or 0.33 per cent at 24,750.70.

    Midcap and smallcap closed almost flat. The Nifty Midcap 100 index closed down 37.25 points at 57,420.00 and the Nifty Smallcap 100 index closed down 6.10 points at 17,883.30.

    Metal and IT stocks led the decline. Nifty Metal index closed down by 1.69 per cent and Nifty IT index down by 1.15 per cent. Apart from this, auto, pharma and FMCG sectors also saw a decline. Only PSU bank, financial services and media indices closed in the green.

    The Nifty remained volatile with a slightly negative bias on the first day of the June series. On the smaller time frame, the index has formed a bearish moving average crossover.

    “The RSI on the hourly chart indicates bearish price momentum, suggesting short-term weakness. Additionally, signs of exhaustion are visible on the daily RSI, accompanied by a strong negative divergence,” said Rupak De, Senior Technical Analyst at LKP Securities.

    However, Nifty has been struggling to move beyond a certain level. Immediate support is placed at 24,700; a breach below this level could lead to a decline towards 24,500. On the higher side, 24,800 is likely to act as a crucial resistance, as call writers have built significant positions at that level.

    The impact of GDP figures will be seen on the market in coming trading sessions, said analysts.

    A range-bound movement continued in the market, with the temporary reinstatement of US tariffs by the appeal court influencing investors to stay sidelined.

    “The global market may contend with macroeconomic concerns as the global trade landscape has yet to see stability, which may navigate a short-term consolidation. Meanwhile, FII inflows continued due to the volatility in the US 10-year yield and an expectation of solid domestic Q4 GDP data later today and a rate cut by RBI,” said Vinod Nair, Head of Research, Geojit Investments Limited.

    Rupee traded weak by 8 paise at 85.52 as the dollar index gained 0.25 per cent to 99.46.

    (IANS)

  • IPL 2025 Eliminator: Titans eye hat-trick of finals as Mumbai’s legacy hangs in the balance

    Source: Government of India

    Source: Government of India (4)

    The Gujarat Titans and Mumbai Indians will lock horns in a do-or-die Eliminator clash on Friday at the newly inaugurated Punjab Cricket Association (PCA) Stadium in Mullanpur. The loser of this high-stakes encounter will be sent packing, while the winner will advance to Qualifier 2 to face the Punjab Kings on June 1 at the Narendra Modi Stadium in Ahmedabad.

    Gujarat Titans secured third place in the league stage with nine wins from 14 matches, narrowly edging past Mumbai Indians, who finished fourth with eight victories.

    Both teams enter the contest on the back of recent defeats — GT suffered a heavy 83-run loss to Chennai Super Kings, despite a resilient 41 from Sai Sudharsan, while MI were outplayed by Punjab Kings, losing by seven wickets even as Suryakumar Yadav fought valiantly with a 57-run knock.

    Head-to-head

    Historically, the two franchises have met seven times in the IPL, with the Titans holding a clear upper hand over the five-time champions. Their most recent encounter earlier this season also ended in Gujarat’s favour, adding to their psychological edge.

    In just three seasons since their inception, the Gujarat Titans have made a significant impact — lifting the trophy in 2022 and finishing runners-up in 2023. Mumbai Indians, on the other hand, bring with them a rich legacy as one of the league’s most decorated franchises, with five IPL titles — a record they share with Chennai Super Kings.

     

  • Heavy rain forecast for Assam during next two days

    Source: Government of India

    Source: Government of India (4)

    The India Meteorological Department (IMD) on Friday issued a weather alert for Assam, forecasting heavy to extremely heavy rainfall over the next 2–3 days, particularly across the western and southern districts of the state.

    The inclement weather is expected to intensify within the next 24 hours, prompting authorities to ramp up emergency preparedness.

    According to the IMD’s latest bulletin, a well-marked low-pressure area lay over the northwest Bay of Bengal, off the Odisha coast, at 8:30 am on Friday. This system is accompanied by a cyclonic circulation extending up to 7.6 km above mean sea level, tilting southward with altitude. It is projected to gradually move northward and intensify into a depression over the north Bay of Bengal within the next 24 hours.

    Under the influence of this developing weather system, widespread thunderstorms, lightning, and gusty winds are expected to lash several districts, including Cachar, Hailakandi, Dhubri, South Salmara, Goalpara, Barpeta, Bongaigaon, Kokrajhar, Chirang, West Karbi Anglong, Bajali, Baksa, Tamulpur, Nalbari, Kamrup (Metro and Rural), Darrang, Udalguri, Morigaon, Nagaon, Hojai, Sonitpur, Dima Hasao, and others.

    In Guwahati, authorities are bracing for potential urban challenges such as waterlogging, slow-moving traffic, tree falls, and localised landslides, particularly in vulnerable zones.

    The city’s disaster management teams are on high alert and closely tracking the evolving situation.

    The Assam State Disaster Management Authority (ASDMA) has appealed to residents across the state, especially those in Guwahati, to exercise caution and take preventive measures.

    Citizens are advised to avoid unnecessary travel during periods of intense rainfall, and those in low-lying or landslide-prone areas are urged to remain vigilant.

    “Daily commuters and long-distance travellers should plan accordingly. Stay updated with official weather alerts and follow local advisories,” an ASDMA spokesperson said, adding that real-time updates will be provided to keep the public informed throughout the weather event.

    Authorities reiterated the importance of preparedness to minimise risks associated with the expected deluge, urging the public to prioritise safety until conditions improve.

    (With inputs from IANS)

  • MIL-OSI Economics: Monthly Data on India’s International Trade in Services for the Month of April 2025

    Source: Reserve Bank of India

    The value of exports and imports of services during April 2025 is given in the following table.

    International Trade in Services
    (US$ million)
    Month Receipts (Exports) Payments (Imports)
    January – 2025 34,726
    (12.0)    		 16,706
    (12.6)
    February – 2025 31,625
    (11.6)    		 14,506
    (-4.8)
    March – 2025 35,600
    (18.6)    		 17,475
    (5.3)
    April – 2025 32,843
    (8.8)    		 16,909
    (0.9)
    Notes: (i) Data for January-April are provisional; and
    (ii) Figures in parentheses are growth rates over the corresponding month of the previous year which have been revised on the basis of balance of payments statistics.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/444

    MIL OSI Economics –

  • MIL-OSI Russia: “AI and machine learning are powerful technologies, but not everyone has learned how to apply them”

    Translation. Region: Russian Federal

    Source: State University Higher School of Economics – State University Higher School of Economics –

    The global education industry’s revenue growth could reach 4% in the coming years thanks to the introduction of artificial intelligence technologies. In addition, AI reduces the working hours of teachers by 4-5 times. HSE experts explained how teachers and administrative staff of universities are mastering neural networks, bots and other tools and why there is no need to be afraid that AI will replace them.

    AI is being introduced into higher education

    According to data research HSE and Yandex Education, 49% of students already use generative technologies, and 54% of university employees are confident that these skills will positively influence the career development of students. However, AI technologies are actively used not only by students, but also by teachers and administrative staff.

    Possible scenarios for the use of AI by teachers:

    work with educational programs, curricula, individual modules and topics;

    development of educational content: presentation materials, tests, essay topics;

    assessment of written work and analysis of students’ skills.

    Possible scenarios for the use of AI by university administrations:

    optimization of the educational schedule;

    consulting students on organizational issues and applicants on admission issues;

    analytics and forecasting of educational results;

    creation of marketing content;

    management of local regulatory documents, generation of documents upon request.

    Features of training teachers in AI tools

    Mass training of teachers is not an easy task. To teach such a demanding audience, highly qualified lecturers are needed, and this is a limited resource. Teachers from different faculties and areas expect to receive subject knowledge and specific tools that will allow them to automate the execution of various tasks right now. And all listeners want to hear about cases that are directly related to their field, explained Evgeny Sokolov, scientific director of the Center for Continuous Education, head of Department of Big Data and Information Retrieval HSE Faculty of Computer Science.

    “This complexity is not new at all: we have extensive experience in corporate training in the field of AI, and there we also always hear a request for very specific recommendations and very close cases,” says Evgeny Sokolov. “And this always requires elaboration and explanation. Yes, AI and machine learning are extremely powerful technologies that have already proven themselves and that may have great prospects. But not everyone has learned to use them, not everyone has bright examples of implementation. And therefore we can explain what it is and how it works, show how it brings a lot of benefits in other areas, and then together think about transferring this experience.”

    In total, in 2024, HSE trained 1,750 teachers, researchers, and administrative staff from all campuses to work with artificial intelligence for free. The training was conducted as part of the Priority 2030 strategic academic leadership program. Employees could choose one of the areas based on their level of training — from prompting and Python programming to machine and deep learning.

    Here are some of the applied skills that students learn:

    using generative models to simplify and automate work;

    data analysis and visualization;

    using Python for editing and generating text files: contracts, memos in pdf and word;

    Sending Emails with Python;

    creation of telegram bots to collect information from students, etc.

    The core of the teaching staff of the programs was made up of specialists Faculty of Computer Science HSE University. The organization of advanced training programs was carried out by Center for Continuous Education of the Faculty of Computer Science, and administrative support for all courses was provided by Center for Advanced Studies.

    The Center for Continuous Education of the Faculty of Computer Science trains not only HSE employees. Employees of the Irkutsk National Research Technical University passed advanced training program “Python for automation and data analysis”, and employees of the Vladivostok State University of Economics and Service – program advanced training “Modern approaches and methods of teaching the course “Digital Literacy””.

    How Teachers Are Using AI in Their Work

    Project work plays a significant role in the programs. Students reflect on how AI methods can be useful in their tasks, formulate corresponding ideas and receive feedback from experts. These are ideas about simplifying teaching routines, restructuring disciplines and new research tasks.

    Then these proposals begin to receive full implementation. Within the framework of the program, each student prepares a final project on the implementation of neural networks in work processes, some of which are already successfully used in practice.

    For example, the course “Venture Capital” has an assistant based on the bot-psychologist “Anna”. The AI assistant interacts with students, helps answer difficult questions and improve psychological preparation for interaction with investors. Using the assistant has improved the quality of students’ training and provided new tools for discussing the psychological aspects of entrepreneurship.

    Another example is the use of AI to create educational materials. Tools such as Narakeet and invideo AI reduce the time it takes to create presentation-quality video materials by more than 10 times. Teachers now have a wider range of ready-made templates and ideas for visual presentation of lecture material. All this makes the educational process more visual and understandable for students.

    According to teachers, after training they use AI to prepare notes, presentations, cases and tests, check assignments, work with databases, search for scientific literature, and translate texts.

    “Useful content, accessible presentation of the material, as well as patience with our pace and questions. I was genuinely interested in the tools presented in the course, I will study and apply them further in my work. To be honest, I did not even guess that the speed of a heart attack can be predicted by the voice, and about some other discoveries that have already been implemented in practice. So special thanks for keeping us informed of human technical progress,” noted Anastasia Pyatachkova, Deputy Head of the Asia-Pacific Sector. Centre for Comprehensive European and International Studies HSE.

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

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Financial results for month ended April 30, 2025

    Source: Hong Kong Government special administrative region

    Financial results for month ended April 30, 2025 

     April 30, 2025
    HK$ millionrepayment of Government Bondsissuance of Government Bondsrepayment of Government BondsGovernment Debts as at April 30, 2025 (Note 3)
        HK$306,963 million
    Debts Guaranteed by Government as at April 30, 2025 (Note 4)
        HK$126,268 million

    TABLE 2. FISCAL RESERVES
     

     April 30, 2025
    HK$ millionrepayment of Government BondsNotes:

    1. This Account consolidates the General Revenue Account and the following eight Funds: Capital Works Reserve Fund, Capital Investment Fund, Civil Service Pension Reserve Fund, Disaster Relief Fund, Innovation and Technology Fund, Land Fund, Loan Fund and Lotteries Fund. It excludes the Bond Fund, the balance of which is not part of the fiscal reserves. The Bond Fund balance as at April 30, 2025, was HK$218,575 million.Issued at HKT 16:30

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: CHP announces two new melioidosis cases

    Source: Hong Kong Government special administrative region

    CHP announces two new melioidosis cases 
         So far, seven melioidosis cases have been recorded in Hong Kong this year. In 2024, 23 melioidosis cases were recorded. 
         According to literature, melioidosis cases are more common after typhoons or rainstorms. The bacterium Burkholderia pseudomallei in soil and muddy water may become exposed to the ground after typhoons or rainstorms, and the bacteria could spread more easily with strong winds or rainstorms. As such, the number of melioidosis cases may increase.      ​The CHP appealed to members of the public to seek medical advice if they develop symptoms, in particular people with diabetes or other immunocompromising conditions, in order to receive an appropriate medical diagnosis and treatment. For more information on melioidosis, please visit the website of the CHP at www.chp.gov.hk/en/healthtopics/content/24/101110.htmlIssued at HKT 16:30

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Monetary Statistics for April 2025

    Source: Hong Kong Government special administrative region

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

    According to statistics published today (May 30) by the Hong Kong Monetary Authority, total deposits with authorized institutions increased by 0.6 per cent in April 2025. Among the total, Hong Kong dollar deposits decreased by 0.7 per cent, while foreign currency deposits increased by 1.6 per cent in April, mainly reflecting fund flows of corporates. In the year to end-April, total deposits and Hong Kong dollar deposits increased by 4.1 per cent and 4.4 per cent respectively. Renminbi deposits in Hong Kong increased by 7.4 per cent in April to RMB1,030.9 billion at the end of April, mainly reflecting fund flows of corporates. The total remittance of renminbi for cross-border trade settlement amounted to RMB1,362.1 billion in April, compared with RMB1,184.0 billion in March. It should be noted that changes in deposits are affected by a wide range of factors, such as interest rate movements and fund-raising activities. It is therefore more appropriate to observe the longer-term trends, and not to over-generalise fluctuations in a single month.

    Total loans and advances decreased by 0.2 per cent in April, while increased by 0.5 per cent in the year to end-April. Among the total, loans for use in Hong Kong (including trade finance) and loans for use outside Hong Kong decreased by 0.1 per cent and 0.3 per cent respectively in April. The Hong Kong dollar loan-to-deposit ratio remained virtually unchanged at 72.3 per cent at the end of April, as Hong Kong dollar loans and Hong Kong dollar deposits decreased at a similar pace.

    Hong Kong dollar M2 and M3 both decreased by 0.6 per cent in April, while increased by 6.5 per cent and 6.6 per cent respectively when compared to a year ago. The seasonally-adjusted Hong Kong dollar M1 decreased by 1.0 per cent in April, while increased by 5.5 per cent compared to a year ago, reflecting in part investment-related activities. Total M2 and total M3 both increased by 0.7 per cent in April. Compared to a year earlier, total M2 and total M3 both increased by 9.3 per cent.

    As monthly monetary statistics are subject to volatilities due to a wide range of transient factors, such as seasonal funding demand as well as business and investment-related activities, caution is required when interpreting the statistics.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Six landlords of subdivided units under regulated tenancies convicted of contravening relevant statutory requirements

    Source: Hong Kong Government special administrative region

         Six landlords of subdivided units (SDUs), who contravened Part IVA of the Landlord and Tenant (Consolidation) Ordinance (Cap. 7) (the Ordinance), pleaded guilty and were fined a total of $44,600 today (May 30) at the Eastern Magistrates’ Courts. Since the Ordinance came into force, the Rating and Valuation Department (RVD) has continuously strengthened enforcement actions and has prosecuted a total of 1 056 cases to date. Among the 713 cases dealt with by the court, all were successfully convicted, which involved a total of 619 SDU landlords with fines ranging from $400 to $34,800, amounting to a total of $1,765,910. In addition, 343 cases are pending hearing.
     
         The offences of these six landlords include (1) failing to submit a Notice of Tenancy (Form AR2) to the Commissioner of Rating and Valuation within 60 days after the term of the regulated tenancy commenced; (2) failing to produce copies of the bills and provide an account in writing when requiring the tenant to pay for the reimbursement of the apportioned water and/or electricity charges; and (3) requesting the tenant to pay money other than the types permitted under the Ordinance (including requiring the tenant to pay an amount of rent for the second-term tenancy exceeding the maximum amount of rent permitted under the Ordinance). One of the landlords committed 26 offences under (2) and (3) and was fined $24,600.

         The RVD earlier discovered that the landlords failed to comply with the relevant requirements under the Ordinance. Upon an in-depth investigation and evidence collection, the RVD prosecuted against the landlords.
     
         A spokesman for the RVD reiterated that SDU landlords must comply with the relevant requirements under the Ordinance, including prohibiting landlords from doing any act calculated to interfere with the peace or comfort of members of the tenant’s household, with the intention of causing the tenant to give up occupation of the SDU; or requiring the tenant to pay an amount of rent for the second-term tenancy exceeding the maximum amount of rent permitted under the Ordinance, and also reminded  tenants of their rights under the Ordinance, including a four-year (i.e. two years plus two years) security of tenure. He also stressed that the RVD will continue to take resolute enforcement action against any contraventions of the Ordinance. Apart from following up on reported cases, the RVD has been adopting a multipronged approach to proactively identify, investigate and follow up on cases concerning landlords who are suspected of contravening the Ordinance. In particular, the RVD has been requiring landlords of regulated tenancies to provide information and reference documents of their tenancies for checking whether they have complied with the requirements of the Ordinance. If a landlord, without reasonable excuse, refuses to provide the relevant information or neglects the RVD’s request, the landlord commits an offence and is liable to a maximum fine at level 3 ($10,000) and to imprisonment for three months. Depending on the actual circumstances, and having regard to the information and evidence collected, the RVD will take appropriate actions on individual cases, including instigating prosecution against suspected contraventions of the Ordinance. In addition, the RVD has started a new round of publicity and education work to enhance public awareness about the key offences and penalties, emphasising that the RVD proactively checks whether landlords have committed the offences under the Ordinance. 

         To help curb illegal acts as soon as possible, members of the public should report to the RVD promptly any suspected cases of contravening the relevant requirements. Reporting can be made through the telephone hotline (2150 8303), by email (enquiries@rvd.gov.hk), by fax (2116 4920), by post (15/F, Cheung Sha Wan Government Offices, 303 Cheung Sha Wan Road, Kowloon), or in person (visiting the Tenancy Services Section office of the RVD at Room 3816-22, 38/F, Immigration Tower, 7 Gloucester Road, Wan Chai, Hong Kong, and please call 2150 8303 to make an appointment). Furthermore, the RVD has provided a form (Form AR4) (www.rvd.gov.hk/doc/en/forms/ar4.pdf) on its website to facilitate SDU tenants’ reporting to the RVD.
     
         The RVD reminds that pursuant to the Ordinance, a regulated cycle of regulated tenancies is to comprise two consecutive regulated tenancies (i.e. the first-term tenancy and second-term tenancy) for an SDU, and the term of each regulated tenancy is two years. A tenant of a first-term tenancy for an SDU is entitled to be granted a second-term tenancy of the regulated cycle, thus enjoying a total of four years of security of tenure. The RVD has been issuing letters enclosing relevant information to the landlords and tenants concerned of regulated tenancies in batches, according to the expiry time of their first-term tenancies, to assist them in understanding the important matters pertaining to the second-term tenancy, and to remind them about the procedures that need to be followed about two months prior to the commencement of the purported second-term tenancy as well as their respective obligations and rights under the Ordinance. These landlords and tenants may also visit the dedicated page for the second-term tenancy on the RVD’s website (www.rvd.gov.hk/en/tenancy_matters/second_term_tenancy.html) for the relevant information, including a concise guide, brochures, tutorial videos and frequently asked questions. The landlords and tenants concerned are also advised to familiarise themselves with the relevant statutory requirements and maintain close communication regarding the second-term tenancy for handling the matters properly and in a timely manner according to the Ordinance.
     
         For enquiries related to regulated tenancies, please call the telephone hotline (2150 8303) or visit the RVD’s webpage (www.rvd.gov.hk/en/our_services/part_iva.html) for the relevant information.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: CE meets senior officials from foreign governments attending Signing Ceremony of the Convention on the Establishment of the International Organization for Mediation (with photos)

    Source: Hong Kong Government special administrative region

    CE meets senior officials from foreign governments attending Signing Ceremony of the Convention on the Establishment of the International Organization for Mediation  
    Mr Lee met respectively with the Federal Councillor and Head of the Federal Department of Foreign Affairs of Switzerland, Mr Ignazio Cassis; the Deputy Prime Minister and Foreign Minister of Pakistan, Mr Mohammad Ishaq Dar; the Minister for Justice and Attorney General of Papua New Guinea, Mr Pila Niningi; and the Deputy Prime Minister of Laos, Mr Saleumxay Kommasith, today, welcoming them to attend the Signing Ceremony of the Convention on the Establishment of the International Organization for Mediation (IOMed). Mr Lee said that upon its establishment, the IOMed will provide friendly, flexible, economical and efficient mediation services for international disputes. Hong Kong is encouraged to contribute to and serve the successful establishment and operation of the IOMed.
     
    On economic and trade co-operation, Mr Lee said the Hong Kong Special Administrative Region (HKSAR) Government attaches great importance on strengthening bilateral economic and trade relations with different countries. In the face of emerging unilateralism and protectionism, the HKSAR Government will remain steadfast in maintaining Hong Kong’s status as a free port and pursuing free trade policies, ensuring the free flow of goods, capital and information, and attracting enterprises from around the world to trading and investment opportunities in Hong Kong.
     
    Mr Lee added that Hong Kong, as an international financial, shipping and trade centre, is the only city that enjoys both the China advantage and the global advantage. He welcomed enterprises from all countries to leverage Hong Kong’s platform to explore overseas and Mainland markets.
    Issued at HKT 19:35

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Arrangements for admission of professionals of specified skilled trades announced

    Source: Hong Kong Government special administrative region

    Arrangements for admission of professionals of specified skilled trades announced 
         The Technical Professional List covers eight specified skilled trades, namely new industrialisation technicians, nurses, aircraft maintenance technicians, marine services technicians (for local vessels), information technology technicians, lift/escalator technicians, building information modeling coordinators and electrical technicians. Applicants are to meet the requirements on qualifications, work experience, professional skills (e.g. registration or license to practice), etc, of the specific skilled trade as listed on the List. In addition, according to the prevailing requirements under the GEP and the ASMTP, the relevant professionals are required to have secured an employment offer from a local enterprise before application, and the remuneration package should be commensurate with the market level for similar jobs.
     
         Depending on the skilled trade and the applicant’s qualifications, the first entry visa will be valid for 24 or 36 months. When applying for visa renewal, a technical professional must continue to be employed in the same skilled trade in Hong Kong. If his/her visa renewal application is approved, an extension of stay of not more than 36 months, or in accordance with the validity period of his/her employment contract (whichever is shorter), may be granted.
     
         A Government spokesperson said, “According to the 2023 Manpower Projection published last year, Hong Kong is expected to face an overall manpower shortage of 180 000 by 2028, over one-third of which will be skilled technical workers. As such, the 2024 Policy Address announced that a new channel would be introduced to attract young and experienced non-degree professionals to join skilled trades facing acute manpower shortage. The Technical Professional List was compiled by relevant bureaux and departments after careful consideration and in consultation with stakeholders of various industries and sectors. The eight skilled trades identified are all critical to sustaining Hong Kong’s city operation, facing acute manpower shortage at least in the next five years, and in need of manpower that cannot be replenished by local training in good time.”
     
         “The new channel targets mid-level qualified and experienced non-degree technical professionals of specified trades and attracts them to settle in Hong Kong in the long run. This is distinct from and does not overlap with the existing Enhanced Supplementary Labour Scheme and sector-specific labour importation schemes. The new arrangement will be on a pilot basis for three years, subject to a review after the first year. Meanwhile, the Government will continue its commitment to training for local workers,” the spokesman added.
     
         Under the employment-tied GEP and the ASMTP, employers may apply to employ outside talent, normally with a bachelor’s degree or higher qualifications, to fill job vacancies that could not be readily taken up by locals. For vacancies falling under the professions in the Talent List, the enterprises are not required to conduct a market availability test to prove difficulties in local recruitment before making applications. Employers submitting applications in future through the new technical professional stream under the two schemes will also enjoy such exemption from conducting a market availability test.
     
         Details of the skilled trades of the Technical Professional List, the respective description of tasks and qualification requirements have been uploaded to the website of the Immigration Department (ImmD) (www.immd.gov.hk/eng/services/visas/TPStream.htmlIssued at HKT 15:45

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: CE meets Member of Political Bureau of CPC Central Committee and Minister of Foreign Affairs (with photo)

    Source: Hong Kong Government special administrative region

    The Chief Executive, Mr John Lee, met today (May 30) at Government House with Member of the Political Bureau of the CPC Central Committee and Minister of Foreign Affairs, Mr Wang Yi, to welcome Mr Wang as he visits Hong Kong and attends the Signing Ceremony of the Convention on the Establishment of the International Organization for Mediation (the Convention). Mr Lee and Mr Wang had a working luncheon and exchanged views on the work of the International Organization for Mediation (IOMed), and international exchanges and co-operation related to the Hong Kong Special Administrative Region (HKSAR). The Chief Secretary for Administration, Mr Chan Kwok-ki; the Financial Secretary, Mr Paul Chan; the Deputy Secretary for Justice, Dr Cheung Kwok-kwan; and the Director of the Chief Executive’s Office, Ms Carol Yip, also attended the meeting.

    Mr Lee expressed his heartfelt gratitude to the Central Government for its strong support in establishing the IOMed headquarters in Hong Kong. He noted that the IOMed is a high-level international organisation. He said that the Central Government demonstrated its staunch support to the HKSAR in its development as a centre for international legal and dispute resolution services in the Asia-Pacific region under the National 14th Five-Year Plan through setting up the IOMed Preparatory Office in Hong Kong, completing the negotiations on the Convention, facilitating the consensus among different parties on situating the IOMed headquarters in Hong Kong, and hosting the signing ceremony of the Convention in Hong Kong.

    Mr Lee said that the presence of Mr Wang in Hong Kong to witness the historic moment of signing the Convention is a great encouragement to him and the HKSAR Government. The HKSAR Government is well-equipped to promote the IOMed and to develop Hong Kong into a centre for international legal and dispute resolution services in the Asia-Pacific region.

    Mr Lee said that basing the IOMed headquarters in Hong Kong will bring a host of significant benefits to the city.

    First, the IOMed will elevate Hong Kong’s international status and role in international mediation. Under the “one country, two systems” principle, Hong Kong, as the only common law jurisdiction in China, boasts an established legal system, a solid foundation of the rule of law, diverse legal and dispute resolution services, and a wide pool of legal professionals with a global perspective. He noted that Hong Kong could make important contributions to the work of the IOMed.

    Second, the IOMed will generate substantial economic benefits. Its service demand will create a large number of job opportunities in positions such as mediators, translators and researchers. The IOMed will also attract international organisations, non-governmental organisations and academic institutions to establish a presence in Hong Kong, drawing high-quality conferences and exhibitions to the city and further boosting sectors like hospitality, food and beverages, logistics and transportation, as well as industries in the conference economy. With a status on par with the International Court of Justice and the Permanent Court of Arbitration of the United Nations in The Hague, the IOMed will become a pivotal institution for resolving international disputes. This will facilitate deeper economic co-operation between Hong Kong and overseas economies such as regions participating in the Belt and Road Initiative, creating more business opportunities.

    Third, the IOMed will further enhance Hong Kong’s ecosystem related to the rule of law, promoting the popularity of a mediation culture and encouraging the community in resolving issues through dialogue. Mr Lee highlighted that the IOMed will help Hong Kong attract more legal and dispute resolution professionals from around the globe, contributing to the development of the legal framework for dispute resolution and further consolidating Hong Kong’s status as an international legal hub.

    Mr Lee also expressed his gratitude to the Ministry of Foreign Affairs, the Office of the Commissioner of the Ministry of Foreign Affairs in the HKSAR, and Chinese diplomatic and consular missions overseas for their continued support in deepening the HKSAR Government’s international exchanges and co-operation. This includes the meticulous arrangements for overseas visits of Mr Lee and other HKSAR Government officials, enabling Hong Kong to more effectively showcase its unparalleled advantages of having the strong support of the country while maintaining connectivity with the world under the “one country, two systems” principle.

    Noting that consular protection of the country has always been the strongest safeguard for Hong Kong people travelling abroad, Mr Lee thanked the Ministry of Foreign Affairs for its ongoing support and care provided to the people of Hong Kong through Chinese diplomatic and consular missions overseas. The HKSAR Government will continue to enhance Hong Kong people’s understanding of consular protection policies and work related to Hong Kong, and raise their awareness and capabilities in the areas of security and protection.

    MIL OSI Asia Pacific News –