Category: Asia Pacific

  • US proposes 60-day ceasefire for Gaza; hostage-prisoner swap, plan shows

    Source: Government of India

    Source: Government of India (2)

    U.S. plan for Gaza seen by Reuters on Friday proposes a 60-day ceasefire and the release of 28 Israeli hostages alive and dead in the first week, in exchange for the release of 1,236 Palestinian prisoners and the remains of 180 dead Palestinians.

    The document, which says the plan is guaranteed by U.S. President Donald Trump and mediators Egypt and Qatar, includes sending humanitarian aid to Gaza as soon as Hamas signs off on the ceasefire agreement.

    The aid will be delivered by the United Nations, the Red Crescent and other agreed channels.

    On Thursday, the White House said Israel had agreed to the U.S. ceasefire proposal.

    Israeli media said Prime Minister Benjamin Netanyahu told the families of hostages held in Gaza that Israel had accepted the deal presented by President Trump’s Middle East envoy Steve Witkoff.

    The Palestinian militant group Hamas told Reuters it was reviewing the plan and would respond on Friday or Saturday.

    The U.S. plan provides for Hamas to release the last 30 of the 58 remaining Israeli hostages once a permanent ceasefire is in place. Israel will also cease all military operations in Gaza as soon as the truce takes effect, it shows.

    The Israeli army will also redeploy its troops in stages.

    Deep differences between Hamas and Israel have stymied previous attempts to restore a ceasefire that broke down in March.

    Israel has insisted that Hamas disarm completely, be dismantled as a military and governing force and return all 58 hostages still held in Gaza before it will agree to end the war.

    Hamas has rejected the demand to give up its weapons and says Israel must pull its troops out of Gaza and commit to ending the war.

    Israel launched its campaign in Gaza in response to the Hamas attack in its south on October 7, 2023, that killed some 1,200 people and saw 251 Israelis taken hostage into Gaza, according to Israeli tallies.

    The subsequent Israeli military campaign has killed more than 54,000 Palestinians, Gaza health officials say, and left the enclave in ruins.

    MOUNTING PRESSURE

    Israel has come under increasing international pressure, with many European countries usually reluctant to criticise it openly demanding an end to the war and a major relief effort.

    Witkoff told reporters on Wednesday that Washington was close to “sending out a new term sheet” about a ceasefire by the two sides in the conflict.

    “I have some very good feelings about getting to a long-term resolution, temporary ceasefire and a long-term resolution, a peaceful resolution, of that conflict,” Witkoff said at the time.

    The 60-day ceasefire, according to the plan, may be extended if negotiations for a permanent ceasefire are not concluded within the set period.

    Senior Hamas official Sami Abu Zuhri said on Thursday the terms of the proposal echoed Israel’s position and did not contain commitments to end the war, withdraw Israeli troops or admit aid as Hamas has demanded.

    The Gaza Humanitarian Foundation, a private group backed by the United States and endorsed by Israel, expanded its aid distribution to a third site in Gaza on Thursday.

    Heavily criticised by the United Nations and other aid groups as inadequate and flawed, the group began its operation this week in Gaza, where the U.N. has said 2 million people are at risk of famine after Israel’s 11-week blockade on aid entering the enclave.

    The launch was marred by tumultuous scenes on Tuesday as thousands of Palestinians rushed to distribution points and forced private security contractors to retreat.

    The chaotic start to the operation has raised international pressure on Israel to get more food in and halt the fighting in Gaza. GHF has so far supplied about 1.8 million meals and plans to open more sites in coming weeks.

    (Reuters)

  • MIL-OSI Asia-Pac: Speech by SJ at Global Forum on International Mediation (English only)

    Source: Hong Kong Government special administrative region

         Following are the welcoming remarks by the Secretary for Justice, Mr Paul Lam, SC, at the Global Forum on International Mediation today (May 30):
     
    Your Excellencies, distinguished guests, ladies and gentlemen,
     
         It is with great pleasure that I welcome you all to the inaugural Global Forum on International Mediation.
     
         This morning, altogether 32 state parties including China signed the Convention on the Establishment of the International Organization for Mediation. This is undoubtedly a historic event since the International Organization for Mediation (IOMed) will be the first international intergovernmental organisation devoted to the use of mediation in resolving international disputes. We all hope that the Convention will enter into force as soon as practicable.
     
         While the Convention has already set out the framework and the essential terms concerning the operation of the IOMed, the state parties would need to consider and agree on further details to ensure the smooth operation of the Convention. To ensure and attract more state parties’ support and participation, it is also necessary to raise people’s awareness of mediation as a means of resolving international disputes and to enhance the capacity to use it in practice. In these circumstances, it is most pertinent to hold this Global Forum on International Mediation immediately after the signing ceremony of the Convention.
     
         The IOMed will provide mediation services for the settlement of the following three types of international disputes: disputes between states, disputes between a state and a national of another state and international commercial disputes between private entities. This afternoon, we are extremely honoured and privileged to have a distinguished panel of moderators and speakers, who will share their views in two panels: the first one will focus on mediation of disputes among states, whereas the second session will focus on mediation of international investment and commercial disputes. Our distinguished moderators and speakers consist of leaders or former leaders of state parties, as well as from international organisations and multilateral development banks; and also experts and other key stakeholders in international mediation.
     
         To set the scene, I would like to highlight the significance of mediation in resolving international disputes and the important role that Hong Kong will play in the operation of the IOMed.
     
         Put simply, mediation is a process whereby the parties in dispute attempt to reach a mutually acceptable and amicable settlement of their dispute on a voluntary basis with the assistance of a third party who may facilitate a solution between the parties to the dispute but without the power to impose it upon the parties. As compared to traditional means of resolving international disputes such as litigation or arbitration, mediation is clearly more forward-looking, constructive and conducive to repairing the relationship between the two sides.
     
         It is well-known that peaceful settlement of international disputes is one of the most fundamental principles of international law and international relations. The use of mediation as a means to settle international disputes peacefully is expressly mentioned in Article 33 of the Charter of the United Nations, and also the Declaration on Principles of International Law concerning Friendly Relations and Cooperation among States in accordance with the Charter of the United Nations passed by the United Nations General Assembly in 1970.
     
         The United Nations General Assembly has passed altogether four resolutions on “Strengthening the role of mediation in the peaceful settlement of disputes, conflict prevention and resolution” on June 22, 2011, September 13, 2012, July 31, 2014, and September 9, 2016, respectively. In the most recent one dated September 9, 2016, the UN General Assembly recognised mediation as an efficient and cost-effective tool in the peaceful settlement of disputes, conflict prevention and resolution, and welcomed its increased use. It acknowledged the importance of mediation in the peaceful settlement of disputes, conflict prevention and resolution and in seeking long-term political solutions for sustaining peace, and recognised that mediation needs to be further and more effectively used.
     
         On the other hand, the role of mediation in resolving international commercial and investment disputes between a state and a foreign national or between private entities from different countries is also well acknowledged and recognised. As early as 1980, the United Nations Commission on International Trade Law (UNCITRAL) developed and adopted the UNCITRAL Mediation Rules, which were subsequently revised in 2021. And more recently, in 2024, UNCITRAL published the Guidelines on Mediation for International Investment Disputes. The United Nations Convention on International Settlement Agreements Resulting from Mediation, which entered into force in September 2020, offered another example of international efforts in promoting mediation.
     
         While mediation may be conducted on an ad hoc basis, there are clear advantages to conducting mediation with institutional supports. Institutional supports may include, for example, guidance on procedural aspects; assistance in communicating with the other party; identification of a pool of mediators and assistance in their selection and appointment; assistance in the logistic aspects of mediation including the organisation of in-person and remote meetings; as well as providing for data protection and cybersecurity measures.
     
         In the circumstances, in order to promote and facilitate the use of mediation to resolve international disputes, it is most desirable to have an intergovernmental organisation devoted to the use of mediation to resolve international disputes. The establishment of the IOMed has filled a glaring omission in the past international dispute resolution system. The Organization will complement the other two intergovernmental organisations specialising in international dispute resolution, namely, the International Court of Justice and the Permanent Court of Arbitration.
     
         The headquarters of the IOMed will be crucial to the implementation of the Convention. It represents the physical presence of the institution, and provides the platform to provide various mediation services. I am extremely grateful that the state parties to the Convention have agreed to establish the headquarters of the IOMed here in Hong Kong, which is a strong vote of confidence in Hong Kong. I would respectfully submit that Hong Kong is indeed an ideal place to host the headquarters of the IOMed.
     
         Hong Kong is a special administrative region of China, which has taken the lead in the establishment of the IOMed. Under the principle of “one country, two systems”, Hong Kong enjoys numerous unique advantages, which put it in the best position to serve as the headquarters of the IOMed. As President Xi Jinping said on December 20, 2024, in Macao at the ceremony celebrating the 25th anniversary of China’s resumption of sovereignty over Macao, the principle of “one country, two systems” embodies the fundamental values of peace, openness, harmony and sharing. These are also the intrinsic values behind the Convention.
     
    Hong Kong is a well-known world-class international financial, trading and shipping centre. Its geographical location, well-developed transportation services and liberal immigration policy ensure that people from around the world may and can come here easily. Hong Kong is also one of the safest and most friendly cities in the world. We offer diversified services in different aspects to suit the needs of people speaking different languages coming from different cultures, religions and countries.
     
         But most importantly in the present context, under the principle of “one country, two systems”, Hong Kong is the only common law jurisdiction in China, and the only bilingual common law jurisdiction using both Chinese and English in the world. We have a strong pool of legal professionals coming from different jurisdictions who specialise and are experienced in international dispute resolutions. The legal system of, and the legal services provided by, Hong Kong are highly international, reputable and efficient. It is undoubtedly an international legal services and dispute resolution services centre.
     
         Hong Kong has been a keen supporter of mediation. The HKSAR Government has formulated a comprehensive set of policy initiatives, which aim at deepening the mediation culture in Hong Kong. For example, the Policy Statement on the Incorporation of Mediation Clauses in Government Contracts was issued in November 2024. As a matter of general policy, the Government will incorporate a mediation clause in all government contracts. By taking the lead, it is hoped that private entities would be encouraged to include mediation clauses in their contracts, thereby deepening our “mediate first” culture.
     
         Turning to capacity building regarding international mediation, since 2018, the Department of Justice has been co-organising with reputable international organisations, almost on a yearly basis, Investment Law and Investor-State Mediator Training in Hong Kong. The Hong Kong International Legal Talents Training Academy under the Department of Justice was set up in November 2024, which may collaborate with the IOMed in organising capacity building programmes on international mediation in future.
     
         Hong Kong is also continuously seeking to foster legal co-operation with other jurisdictions. It is our honour that, in a moment, the Department of Justice of the HKSAR Government will sign a Memorandum of Co-operation with Cambodia.
     
         On this very happy and positive note, I would like to conclude by wishing you all a very fruitful and constructive Forum this afternoon. Thank you very much.
     

    MIL OSI Asia Pacific News

  • MIL-OSI: UP Fintech Holding Limited Reports Unaudited First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 30, 2025 (GLOBE NEWSWIRE) — UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced its unaudited financial results for the first quarter ended March 31, 2025.

    Mr. Wu Tianhua, Chairman and CEO of UP Fintech stated: “The macro environment remained dynamic in the first quarter, our total revenues reached US$122.6 million, representing an increase of 55.3% year-over-year. Benefiting from our brand strength and continued investment in R&D, both our GAAP and non-GAAP net income saw impressive growth. Net income attributable to ordinary shareholders of UP Fintech was US$30.4 million, up 8.4% quarter over quarter and 146.7% year over year. Non-GAAP net income attributable to ordinary shareholders of UP Fintech reached US$36.0 million, an increase of 18.3% sequentially and 145.0% from the same period last year.

    In the first quarter, we added 60,900 new customers with deposits, already achieving 40% of our yearly guidance of 150,000 new customers with deposits for 2025, and bringing our total number of customers with deposits at the end of the first quarter to 1,152,900, a 23.5% increase compared to the same quarter last year. Asset inflow remained strong, we saw net asset inflow of US$3.4 billion in the first quarter, of which the majority comes from retail users, combining with a US$776 million mark to market gain, led total account balance rose by 9.9% quarter over quarter and 39.5% year over year to US$45.9 billion, setting another historic high. We also achieved notable growth in Hong Kong, the average net asset inflows of new funded clients in Hong Kong during the first quarter were above US$30,000.

    In the first quarter, we continued to roll out new features aimed at enhancing the user experience across our platform. In Hong Kong, we introduced additional functionality on top of its existing virtual asset trading service. Retail investors can now deposit and withdraw cryptocurrency, such as Bitcoin and Ethereum, while professional investors are also able to deposit and withdraw USDT. Additionally, Tiger Brokers Hong Kong recently launched Delivery Versus Payment (DVP) functionality, which strengthens our ability to serve institutional and high-net-worth clients. We also introduced equity repo services to further enhance our securities lending and treasury management capabilities. In addition, we remain committed to improving our Tiger AI offering based on user feedback. It now supports portfolio and watchlist analysis, allowing users to more effectively identify investment opportunities, receive risk alerts on their holdings, and access actionable strategy suggestions.

    In our Corporate business, we underwrote 4 Hong Kong IPOs in the first quarter, including “Chifeng Gold” and “Nanshan Aluminum”, and acted as distributor for “Mixue Group”, the largest Hong Kong IPO in the first quarter. In our ESOP business, we added 20 new clients in the first quarter, bringing the total number of ESOP clients served to 633 as of March 31, 2025.”

    Financial Highlights for First Quarter 2025

    • Total revenues were US$122.6 million, an increase of 55.3% year-over-year and a decrease of 1.2% quarter-over-quarter.
    • Total net revenues were US$107.6 million, an increase of 67.7% year-over-year and an increase of 0.2% quarter-over-quarter.
    • Net income attributable to ordinary shareholders of UP Fintech was US$30.4 million compared to a net income of US$12.3 million in the same quarter of last year.
    • Non-GAAP net income attributable to ordinary shareholders of UP Fintech was US$36.0 million, compared to a non-GAAP net income of US$14.7 million in the same quarter of last year. A reconciliation of non-GAAP financial metrics to the most comparable GAAP metrics is set forth below.

    Operating Highlights for First Quarter 2025

    • Total account balance increased 39.5% year-over-year to US$45.9 billion.
    • Total margin financing and securities lending balance increased 89.4% year-over-year to US$5.2 billion.
    • Total number of customers with deposit increased 23.5% year-over-year to 1,152,900.

    Selected Operating Data for First Quarter 2025

        As of and for the three months ended
        March 31,     December 31,     March 31,
        2024     2024     2025
    In 000’s                
    Number of customer accounts     2,247.4       2,449.3       2,526.7
    Number of customers with deposits     933.4       1,092.0       1,152.9
    Number of options and futures contracts traded     10,850.3       18,926.3       20,400.7
    In USD millions                
    Trading volume     85,410.6       198,016.9       217,453.6
    Trading volume of stocks     28,606.3       55,502.6       59,453.4
    Total account balance     32,872.1       41,725.2       45,861.9
                           

    First Quarter 2025 Financial Results

    REVENUES

    Total revenues were US$122.6 million, an increase of 55.3% from US$78.9 million in the same quarter of last year.

    Commissions were US$58.3 million, an increase of 109.8% from US$27.8 million in the same quarter of last year, due to an increase in trading volume.

    Financing service fees were US$2.6 million, a decrease of 9.6% from US$2.8 million in the same quarter of last year, primarily due to a decrease of the account balance of our fully disclosed account customers.

    Interest income was US$53.8 million, an increase of 22.7% from US$43.8 million in the same quarter of last year, primarily due to the increase in margin financing and securities lending activities of our consolidated account customers.

    Other revenues were US$7.9 million, an increase of 76.8% from US$4.5 million in the same quarter of last year, primarily due to an increase in currency exchange income and wealth management income.

    Interest expense was US$15.0 million, an increase of 1.7% from US$14.8 million in the same quarter of last year, primarily due to the increase in funding for margin financing activities.

    OPERATING COSTS AND EXPENSES

    Total operating costs and expenses were US$67.1 million, an increase of 32.1% from US$50.8 million in the same quarter of last year.

    Execution and clearing expenses were US$5.3 million, an increase of 139.3% from US$2.2 million in the same quarter of last year due to an increase in our trading volume.

    Employee compensation and benefits expenses were US$33.8 million, an increase of 21.7% from US$27.8 million in the same quarter of last year, primarily due to an increase of global headcount to support our global expansion.

    Occupancy, depreciation and amortization expenses were US$2.1 million, a slight increase of 0.2% from US$2.1 million in the same quarter of last year.

    Communication and market data expenses were US$9.8 million, an increase of 14.4% from US$8.6 million in the same quarter of last year due to increased IT-related service fees.

    Marketing and branding expenses were US$10.9 million, an increase of 147.5% from US$4.4 million in the same quarter of last year, primarily due to higher marketing spending this quarter.

    General and administrative expenses were US$5.1 million, a decrease of 9.4% from US$5.7 million in the same quarter of last year due to a decrease in professional service fees.

    NET INCOME attributable to ordinary shareholders of UP Fintech

    Net income attributable to ordinary shareholders of UP Fintech was US$30.4 million, as compared to a net income of US$12.3 million in the same quarter of last year. Net income per ADS – diluted was US$0.166, as compared to a net income per ADS – diluted of US$0.077 in the same quarter of last year.

    Non-GAAP net income attributable to ordinary shareholders of UP Fintech, which excludes share-based compensation, was US$36.0 million, as compared to a US$14.7 million non-GAAP net income attributable to ordinary shareholders of UP Fintech in the same quarter of last year. Non-GAAP net income per ADS – diluted was US$0.198 as compared to a non-GAAP net income per ADS – diluted of US$0.092 in the same quarter of last year.

    For the first quarter of 2025, the Company’s weighted average number of ADSs used in calculating non-GAAP net income per ADS – diluted was 184,472,928. As of March 31, 2025, the Company had a total of 2,649,914,037 Class A and B ordinary shares outstanding, or the equivalent of 176,660,936 ADSs.

    CERTAIN OTHER FINANCIAL ITEMS

    As of March 31, 2025, the Company’s cash and cash equivalents, term deposits and long-term deposits were US$406.4 million, compared to US$396 million as of December 31, 2024.

    As of March 31, 2025, the allowance for doubtful accounts on receivables from customers was US$14.8 million compared to US$15.3 million as of December 31, 2024.

    In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2023-08, Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets (“ASU 2023-08”). ASU 2023-08 requires certain crypto assets to be measured at fair value separately on the balance sheet with changes reported in the statement of operations each reporting period.

    The Company adopted this guidance from January 1, 2025, and the Company recorded such crypto asset balance in Crypto assets held as of March 31, 2025, with a cumulative-effect adjustment of US$2.3 million to the opening balance of Retained earnings.

    Updates to Management and Directors

    Mr. Ming Liao departed from the position of Independent Director at the Company due to personal reasons, effective May 28, 2025. Mr. Liao’s departure was not the result from any disagreement with the Company.

    Conference Call Information:

    UP Fintech’s management will hold an earnings conference call at 8:00 AM on May 30, 2025, U.S. Eastern Time (8:00 PM on May 30, 2025, Singapore/Hong Kong Time).

    All participants wishing to attend the call must preregister online before receiving the dial-in number. Preregistration may take a few minutes to complete.

    Preregistration Information:

    Please note that all participants will need to pre-register for the conference call, using the link:
    https://register-conf.media-server.com/register/BId8a2d4cd09e14653b3533b8d3745dfa0

    It will automatically lead to the registration page of “UP Fintech Holding Limited First Quarter 2025 Earnings Conference Call”, where details for RSVP are needed.

    Upon registering, all participants will be provided a confirmation email with a participant dial-in number and personal PIN to access the conference call. Please dial in 10 minutes prior to the call start time using the conference access information.

    Additionally, a live and archived webcast of the conference call will be available at https://ir.itigerup.com

    Use of Non-GAAP Financial Measures

    In evaluating our business, we consider and use non-GAAP net income attributable to ordinary shareholders of UP Fintech and non-GAAP net income per ADS – diluted as supplemental measures to review and assess our operating performance. The presentation of the non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with the United States Generally Accepted Accounting Principles (“U.S. GAAP”). We define non-GAAP net income attributable to ordinary shareholders of UP Fintech as net income attributable to ordinary shareholders of UP Fintech excluding share-based compensation. Non-GAAP net income per ADS – diluted is non-GAAP net income attributable to ordinary shareholders of UP Fintech divided by the weighted average number of diluted ADSs.

    We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. Non-GAAP net income attributable to ordinary shareholders of UP Fintech enables our management to assess our operating results without considering the impact of share-based compensation. We also believe that the use of these non-GAAP financial measures facilitates investors’ assessment of our operating performance.

    These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as an analytical tool. One of the key limitations of using these non-GAAP financial measures is that they do not reflect all items of income and expenses that affect our operations. Share-based compensation has been and may continue to be incurred in our business and are not reflected in the presentation of non-GAAP net income attributable to ordinary shareholders of UP Fintech. Further, these non-GAAP financial measures may differ from the non-GAAP financial information used by other companies, including peer companies, and therefore their comparability may be limited.

    These non-GAAP financial measures should not be considered in isolation or construed as alternatives to total operating costs and expenses, net income attributable to ordinary shareholders of UP Fintech or any other measure of performance or as an indicator of our operating performance. Investors are encouraged to review these historical non-GAAP financial measures in light of the most directly comparable GAAP measures. These non-GAAP financial measures presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting the usefulness of such measures when analyzing our data comparatively. We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure.

    About UP Fintech Holding Limited

    UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses.

    For more information on the Company, please visit: https://ir.itigerup.com.

    Safe Harbor Statement

    This announcement contains forward−looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as “may,” “might,” “aim,” “likely to,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, the Company’s strategic and operational plans and expectations regarding growth and expansion of its business lines, and the Company’s plans for future financing of its business contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company’s revenues and certain cost or expense accounting policies; the cooperation relationships with our business partners and shareholders such as Interactive Brokers LLC and Xiaomi Corporation and its affiliates; and governmental policies and regulations affecting the Company’s industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC, including the Company’s annual report on Form 20-F filed with the SEC on April 23, 2025. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company’s filings with the SEC.

    For investor and media inquiries please contact:

    Investor Relations Contact

    UP Fintech Holding Limited

    Email: ir@itiger.com

    UP FINTECH HOLDING LIMITED
    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
    (All amounts in U.S. dollars (“US$”))
     
        As of
    December 31,
        As of
    March 31,
     
        2024     2025  
        US$     US$  
    Assets:            
    Cash and cash equivalents     393,576,874       403,891,218  
    Cash-segregated for regulatory purpose     2,464,683,625       2,849,477,420  
    Term deposits     1,075,260       1,101,083  
    Receivables from customers (net of allowance of US$15,284,002 and US$14,790,668 as of December 31, 2024 and March 31, 2025)     1,052,972,649       1,221,616,295  
    Receivables from brokers, dealers, and clearing organizations     2,305,740,507       2,556,498,087  
    Financial instruments held, at fair value     75,547,082       177,479,943  
    Prepaid expenses and other current assets     17,629,819       19,529,054  
    Amounts due from related parties     16,720,671       13,821,867  
    Total current assets     6,327,946,487       7,243,414,967  
    Non-current assets:            
    Long-term deposits     1,369,994       1,378,037  
    Right-of-use assets     10,880,673       12,736,333  
    Property, equipment and intangible assets, net     15,358,528       15,750,823  
    Crypto assets held           3,410,986  
    Goodwill     2,492,668       2,492,668  
    Long-term investments     7,658,809       7,473,531  
    Equity method investment     10,203,622       10,305,433  
    Other non-current assets     6,828,553       8,623,671  
    Deferred tax assets     8,573,135       9,931,234  
    Total non-current assets     63,365,982       72,102,716  
    Total assets     6,391,312,469       7,315,517,683  
    Current liabilities:            
    Payables to customers     3,574,651,125       4,333,279,026  
    Payables to brokers, dealers and clearing organizations:     1,914,769,701       1,975,967,952  
    Accrued expenses and other current liabilities     67,263,254       75,891,783  
    Lease liabilities-current     4,153,928       4,845,376  
    Amounts due to related parties     874,331       53,588,763  
    Total current liabilities     5,561,712,339       6,443,572,900  
    Convertible bonds     159,505,397       160,158,584  
    Lease liabilities- non-current     5,902,323       6,992,755  
    Deferred tax liabilities     2,068,661       2,161,995  
    Total liabilities     5,729,188,720       6,612,886,234  
    Mezzanine equity            
    Redeemable non-controlling interest     7,177,668       5,518,571  
    Total Mezzanine equity     7,177,668       5,518,571  
    Shareholders’ equity:            
    Class A ordinary shares     25,427       25,523  
    Class B ordinary shares     976       976  
    Additional paid-in capital     619,030,730       624,497,561  
    Statutory reserve     12,425,463       12,425,463  
    Retained earnings     37,843,547       70,712,884  
    Treasury stock     (2,172,819 )     (2,172,819 )
    Accumulated other comprehensive loss     (11,919,310 )     (8,090,989 )
    Total UP Fintech shareholders’ equity     655,234,014       697,398,599  
    Non-controlling interests     (287,933 )     (285,721 )
    Total equity     654,946,081       697,112,878  
    Total liabilities, mezzanine equity and equity     6,391,312,469       7,315,517,683  
    UP FINTECH HOLDING LIMITED  
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME  
    (All amounts in U.S. dollars (“US$”), except for number of shares (or ADSs) and per share (or ADS) data)  
       
        For the three months ended  
        March 31,     December 31,     March 31,  
        2024     2024     2025  
        US$     US$     US$  
    Revenues:                  
    Commissions     27,786,218       55,964,174       58,307,151  
    Interest related income                  
    Financing service fees     2,832,065       2,770,419       2,560,432  
    Interest income     43,841,220       55,762,091       53,805,393  
    Other revenues     4,488,989       9,605,165       7,936,987  
    Total revenues     78,948,492       124,101,849       122,609,963  
    Interest expense     (14,789,835 )     (16,731,341 )     (15,041,810 )
    Total Net revenues     64,158,657       107,370,508       107,568,153  
    Operating costs and expenses:                  
    Execution and clearing     (2,230,863 )     (6,095,132 )     (5,338,917 )
    Employee compensation and benefits     (27,787,218 )     (37,163,110 )     (33,805,808 )
    Occupancy, depreciation and amortization     (2,144,337 )     (2,137,586 )     (2,149,308 )
    Communication and market data     (8,561,482 )     (11,787,814 )     (9,794,869 )
    Marketing and branding     (4,390,987 )     (9,507,918 )     (10,867,048 )
    General and administrative     (5,667,137 )     (6,432,737 )     (5,136,346 )
    Total operating costs and expenses     (50,782,024 )     (73,124,297 )     (67,092,296 )
    Other income (expense):                  
    Others, net     3,615,219       3,469,021       (1,340,064 )
    Income before income tax     16,991,852       37,715,232       39,135,793  
    Income tax expenses     (4,528,297 )     (9,488,084 )     (8,549,158 )
    Net income     12,463,555       28,227,148       30,586,635  
    Less: net (loss) income attributable to non-controlling interests     (17,914 )     12,563       11,527  
    Accretion of redeemable non-controlling interests to redemption value     (151,322 )     (164,328 )     (155,983 )
    Net income attributable to ordinary shareholders of UP Fintech     12,330,147       28,050,257       30,419,125  
    Other comprehensive income (loss), net of tax:                  
    Unrealized gain on available-for-sale investments           343,892        
    Changes in cumulative foreign currency translation adjustment     (4,791,040 )     (17,440,809 )     3,826,640  
    Total Comprehensive income     7,672,515       11,130,231       34,413,275  
    Less: comprehensive (loss) income attributable to non-controlling interests     (13,454 )     24,226       9,845  
    Accretion of redeemable non-controlling interests to redemption value     (151,322 )     (164,328 )     (155,983 )
    Total Comprehensive income attributable to ordinary shareholders of UP Fintech     7,534,647       10,941,677       34,247,447  
    Net income per ordinary share:                  
    Basic     0.005       0.011       0.012  
    Diluted     0.005       0.011       0.011  
    Net income per ADS (1 ADS represents 15 Class A ordinary shares):                  
    Basic     0.079       0.164       0.173  
    Diluted     0.077       0.158       0.166  
    Weighted average number of ordinary shares used in calculating net income per ordinary share:                  
    Basic     2,342,468,897       2,557,911,677       2,634,972,699  
    Diluted     2,452,022,959       2,687,607,158       2,767,093,920  
    Reconciliations of Unaudited Non-GAAP Results of Operations Measures to the Nearest Comparable GAAP Measures
    (All amounts in U.S. dollars (“US$”), except for number of ADSs and per ADS data)
     
        For the three months ended March 31,2024     For the three months ended December 31,2024     For the three months ended March 31,2025  
              non-GAAP                 non-GAAP                 non-GAAP        
        GAAP     Adjustment     non-GAAP     GAAP     Adjustment     non-GAAP     GAAP     Adjustment     non-GAAP  
        US$     US$     US$     US$     US$     US$     US$     US$     US$  
        Unaudited     Unaudited     Unaudited     Unaudited     Unaudited     Unaudited     Unaudited     Unaudited     Unaudited  
                2,380,637   (1 )               2,421,342   (1 )               5,621,791   (1 )    

    Net income attributable to ordinary shareholders of UP Fintech

        12,330,147       2,380,637       14,710,784       28,050,257       2,421,342       30,471,599       30,419,125       5,621,791       36,040,916  
                                                           
    Net income per ADS – diluted     0.077             0.092       0.158             0.172       0.166             0.198  
    Weighted average number of ADSs used in calculating diluted net income per ADS     163,468,197             163,468,197       179,173,811             179,173,811       184,472,928             184,472,928  

    (1) Share-based compensation.

    The MIL Network

  • MIL-OSI China: China to see over 80 mln railway passenger trips around Dragon Boat Festival holiday

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

    China to see over 80 mln railway passenger trips around Dragon Boat Festival holiday

    BEIJING, May 30 — China’s railway network is expected to handle approximately 80.5 million passenger trips during the five-day travel rush around Dragon Boat Festival holiday, the national railway operator said Friday.

    The travel rush period kicked off Friday, a day ahead of the 3-day holiday, while Saturday is expected to witness the peak passenger flow for this period, with roughly 18.3 million railway trips predicted nationwide, said China State Railway Group Co., Ltd.

    According to China’s 12306 railway booking platform, popular destinations for this year’s holiday include Beijing, Shanghai, Guangzhou, Chengdu, Hangzhou, Wuhan, Xi’an, Nanjing, Changsha and Zhengzhou.

    Platform data also shows that the Beijing-Shanghai, Beijing-Jinan, Beijing-Taiyuan, Beijing-Nanjing and Shenzhen-Hong Kong routes are among the most popular during the period.

    To cater to elevated travel needs, China’s railways have increased capacity while also improving service quality to ensure better passenger experiences.

    The Dragon Boat Festival, also known as Duanwu Festival, falls on Saturday this year.

    MIL OSI China News

  • MIL-Evening Report: Shock NSW Senate result as One Nation beats Labor to win final seat

    Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne

    The button was pressed to electronically distribute preferences for the New South Wales Senate today. All analysts expected Labor to win the final seat, for a three Labor, two Coalition, one Green result. Instead, One Nation won the final seat, for a two Labor, two Coalition, one Green and one One Nation result. This is a One Nation gain from the Coalition.

    Six of the 12 senators for each state and all four territory senators were up for election on May 3. Changes in state senate representation are measured against 2019, the last time these senators were up for election. State senators elected at this election will start their six-year terms on July 1.

    Senators are elected by proportional representation in their jurisdictions with preferences. At a half-Senate election, with six senators in each state up for election, a quota is one-seventh of the vote, or 14.3%. For the territories, a quota is one-third or 33.3%.

    Final primary votes in NSW gave Labor 2.63 quotas, the Coalition 2.06, the Greens 0.78, One Nation 0.42, Legalise Cannabis 0.24, Trumpet of Patriots 0.17, the Libertarians 0.13 and Family First 0.11. One Nation defeated Labor’s third at the final count by 0.89 quotas to 0.87.

    Labor was hurt by the Greens being well short of quota, and getting preferences from left sources that would otherwise have gone to Labor, while right-wing parties united behind One Nation. The Greens only crossed quota at the second last count, and their small surplus wasn’t enough for Labor to catch One Nation.

    I covered Senate results from other states and territories earlier and this week.

    In the later piece, I talked about the two-party count. This isn’t finished yet in NSW or Victoria, but one side of politics usually needs about 57% of the two-party vote in a state to win four of the six senators (four quotas). This is very difficult to achieve.

    In Tasmania, Labor won the two-party count by over 63–37, but missed out on three senators owing to Jacqui Lambie. In South Australia, Labor won by over 59–41 and the left won a 4–2 Senate split. In Victoria, Labor leads by nearly 57–43, and the left won a 4–2 Senate split. In Western Australia and NSW, Labor won by less than 56–44 and the Senate was tied 3–3 between left and right.

    Out of the 40 Senate seats that were up at this election, Labor won 16 (up three), the Coalition 13 (down five), the Greens six (steady), One Nation three (up two) and Lambie and David Pocock one each (both steady). The Coalition lost senators in all mainland states, with Labor gaining in Victoria, South Australia and Queensland, and One Nation in NSW and WA.

    The 36 state senators elected in 2022 won’t be up for election until 2028. For the whole Senate, Labor has 28 out of 76, the Coalition 27, the Greens 11, One Nation four and there are six others. Labor will need either the Greens or the Coalition to reach the 39 votes needed for a Senate majority.

    In 2022, the United Australia Party (UAP) won a seat in Victoria. During the last term, Lidia Thorpe defected from the Greens, Fatima Payman from Labor and Tammy Tyrrell from the Jacqui Lambie Network. The six others are these four, Pocock and Lambie.

    Counting Thorpe, Payman and Pocock as left and the UAP as right, the left overall has a 42–32 Senate majority, with two others (Lambie and Tyrrell).

    National Senate primaries and results by state

    Nationally, Labor won 35.1% of the Senate vote (up 5.0% since 2022), the Coalition 29.9% (down 4.4%), the Greens 11.7% (down 0.9%), One Nation 5.7% (up 1.4%), Legalise Cannabis 3.5% (up 0.2%), Trumpet of Patriots 2.6% and Family First 1.5%.

    Labor won 34.6% nationally in the House of Representatives, so their Senate vote was 0.5% higher than in the House. It’s likely the lack of a Teal option helped Labor in the Senate.

    This table shows the senators elected in each state and territory in 2025, with the seat share and vote share at the bottom. Despite the losses in NSW and WA, Labor and the Greens are overrepresented in the Senate relative to vote share.

    Others are greatly underrepresented, but this is because most other parties are either left or right-wing, and their preferences go to Labor, the Greens, the Coalition or One Nation rather than to more others.

    For the combined left to lose control of the Senate in 2028, they would need to lose four seats. The only seat that looks vulnerable is the WA seat won by Payman for Labor in 2022. Even if the Coalition wins in 2028, the Senate is likely to be hostile to the Coalition.

    At a double dissolution election, all senators are up for election at the same time. If the Coalition wins in 2028, a double dissolution would be an option to seek to change a hostile Senate.

    Preference distributions for WA and Queensland

    Final WA primary votes gave Labor 2.53 quotas, the Liberals 1.86, the Greens 0.90, One Nation 0.41, Legalise Cannabis 0.28, the Nationals 0.25 and Australian Christians 0.19.

    One Nation defeated Labor’s third at the final count by 0.90 quotas to 0.86. When the Nationals were excluded, the Liberals got a large surplus. As in Victoria, Liberal preferences heavily favoured One Nation over Labor and Legalise Cannabis.

    But Legalise Cannabis preferences were not as good for Labor as in Victoria, with Labor winning these preferences by 13 points over One Nation, rather than 24 points in Victoria.

    Final Queensland primary votes gave the Liberal National Party 2.17 quotas, Labor 2.13, the Greens 0.73, One Nation 0.50, Gerard Rennick 0.33, Trumpet of Patriots 0.26 and Legalise Cannabis 0.25.

    Both the Greens and One Nation easily reached a quota on the distribution of preferences, with Rennick finishing far behind on 0.55 quotas.

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

    ref. Shock NSW Senate result as One Nation beats Labor to win final seat – https://theconversation.com/shock-nsw-senate-result-as-one-nation-beats-labor-to-win-final-seat-257888

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Russia: International cooperation: GUU at the General Assembly of the Peoples of Eurasia and Africa

    Translation. Region: Russian Federal

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

    On March 28, 2025, the State University of Management took part in a meeting of the General Assembly of the Peoples of Eurasia and Africa, which was held in the Public Chamber of the Russian Federation.

    The meeting was attended by the Chairman of the Federation Council Committee on International Affairs Grigory Karasin, First Deputy Chairman of the State Duma Committee on Nationalities Ildar Gilmutdinov, Director of the FAO Liaison Office with the Russian Federation Oleg Kobyakov, Plenipotentiary Minister with the rank of Ambassador – Deputy Head of Mission of the Republic of Cuba to the Russian Federation Enrique Horta Gonzalez, Minister Counselor of the Embassy of the Republic of Nicaragua Claudio Antonio Arana.

    Our university was represented by the Head of the International Cooperation Department Inessa Bogatyreva and graduate students from the Institutes of the State University of Management: Nguyen Thi Hai Anh (Socialist Republic of Vietnam), Moncef Nasrullah (Afghanistan), Umar Bretil Hissein Bretil Hissein (Republic of Chad).

    In their reports, the speakers paid special attention to the celebration of the 80th anniversary of the Victory in the Great Patriotic War and noted that this year has been declared the Year of Peace and Unity in the CIS in the fight against Nazism. The participants presented such large-scale projects as the International Public Forum “Preserving the Memory of the Second World War and the Great Patriotic War”, the initiatives “Immortal Memory”, “Road of Life – Road of Military Glory”, “Panfilov’s Men: Our Pride, Our Glory”, etc.

    It is worth noting that within the framework of the Assembly’s work, significant projects are being implemented that contribute to strengthening spiritual and cultural ties between the states of Eurasia and Africa. Among them are the “Caravan of Friendship”, “Road of Life”, “Song of Peace”, “Children of Eurasia”, “Angels of Peace”, “Discover Eurasia”, the 1st International Sports Games of National and Non-Olympic Sports “Towards Eurasiada”.

    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 New Zealand: Man to appear in court after driving with excess breath alcohol, Oamaru

    Source: New Zealand Police

    Southern Police are urging motorists to drive safe this holiday weekend after a driver was arrested and charged with excess breath alcohol.

    At around 5.20pm, Oamaru Police were notified by a member of the public of a vehicle driving dangerously on State Highway One.

    A Police unit saw the vehicle on the main street of Oamaru and signalled the vehicle to stop.

    The 31-year-old man driving from Christchurch to Invercargill returned a breath alcohol result over five times the legal limit.

    The man was taken into custody at the scene.

    Police know there are four factors that can lead to fatalities and serious injuries on our roads – restraints, impairment through alcohol and drugs, distractions, and speed.

    Motorists are urged to take greater responsibility on our roads and ensure everyone in their vehicle is able to reach their destination safely.

    Police would like to thank the member of the public who reported the driving behaviour.

    The 31-year-old man is due to appear in court at a later date.

    If you see unsafe driving behaviour, or someone is in immediate danger, please call 111 as soon as possible.

    You can also report non-emergencies or matters after the fact through 105.

    ENDS

    Issued by Police Media Centre

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: New Zealand and India: A broad-based, enduring partnership

    Source: New Zealand Government

    [Speech to the Ananta Aspen Centre, New Delhi, India]
    Namaste, good afternoon. 
    Ms Indrani Bagchi, distinguished guests, ladies and gentlemen. Thank you for the chance to speak with you today. Over the past 18 months, New Zealand and India have been working hard to deepen the excellent relations developing between us.
    It’s great to be back in New Delhi, just over year since our last visit. Last night, we were able to take stock with Minister Jaishankar of the progress New Zealand and India have made in strengthening relations in recent times, while discussing a broad range of challenging issues facing our region and our world. 
    We must, at the outset, pay tribute to Minister Jaishankar. He is one of the world’s leading statesmen, and it is an absolute pleasure to be working with him on this important project of cementing New Zealand-India relations. 
    This afternoon, we would like to outline for you why and how New Zealand seeks stronger relations with India, in the context of our broader approach to foreign policy in these uncertain, disordered times. 
    We will describe New Zealand’s outward face: how our small state of 5.2 million people sees its place in, and interacts with, the rest of the world. We will outline New Zealand’s foreign policy, which was reset after the new Coalition Government came into office in late 2023. We wish you to understand our priorities as well as our national values. And we will describe our determination to do more in, and with South and South East Asia, and especially with the great nation that is India. 
    Who we are
    First and foremost, New Zealand is a small collection of islands in the Southwest Pacific, just north of the penguins. The original discovery and settlement of the Pacific Islands, including New Zealand, is one of the most remarkable stories of exploration in human history. 
    Historians have compared it with space exploration as both were journeys into the unknown. But Pacific navigation is arguably even more remarkable because the canoes that set out from the Asian landmass knew not where they would land, nor when, nor indeed if they would find any new territory.
    But find land they did, as they forged new identities and societies on atolls and islands that today stand as a testament to their imagination, endurance and a resilience to overcome the formidable challenges of distance, geography, and resource scarcity.
    So, New Zealand is a Pacific Island country – we just sailed and paddled further – and we are linked with our Pacific family by geography, history, culture, politics, demography and indeed DNA. 
    We are also, self-evidently, a maritime nation. The Pacific Ocean represents 31 percent of the world’s surface. The Indian Ocean accounts for another 20 percent, so the Indo-Pacific accounts for about half the world’s surface, meaning protecting sea lanes and freedom of navigation is crucial for both India and New Zealand.
    New Zealand is also a migrant nation, one of the most multicultural countries anywhere. Seventeen percent of our people trace their origins to Asia, including six percent who have Indian ancestry. That diversity strengthens us at home – and connects us to the region that shapes our prosperity. Seven of our ten largest export destinations are in Asia. That is no coincidence. It is the reality of a deeply interconnected future. 
    We are also a deeply democratic people, with New Zealand being one of only nine countries who have enjoyed democracy continuously since 1854. 
    We are proud to have granted our earliest people, the Māori, the franchise all the way back in 1867, and to have been the first nation on earth to give women the vote, in 1893. We were also proud, when visiting your new parliament last year, to see New Zealand-made carpet adorning India’s magnificent new chamber in the world’s largest democracy. 
    New Zealanders, as an artefact of our geographical isolation from the world’s great populations centres, have always been outward-looking people, curious about the world around them. Indeed, many of our most iconic New Zealanders have done their best work outside our shores. 
    Lord Ernest Rutherford, who split the atom. Mountaineer Sir Edmund Hillary, who first climbed Mount Everest with Sherpa Tenzing Norgay, and whose legacy we were able to honour in Nepal this week. And, more latterly, cricketer John Wright, who coached India’s national team between 2000-2005; and, lest we forget, while on the subject of cricket, the New Zealand team which stunned the cricketing world in Bengaluru, Pune and Mumbai last year, are just a few of our peak Kiwi performers overseas.
    But, as our cricket team showed, the New Zealand character is forged not by a never-ending pipeline of natural talent – something India is blessed with – but by working very hard to hone the skills needed to compete on the global stage and to make the most of limited resources, whatever the endeavour.
    We push ourselves to work harder because New Zealand has understood these past 80 years, as a small state geographically isolated from the great landmasses of Asia, Europe and the Americas, that only through the conduct of a highly active foreign policy can we advance our national interests, defend our region, and make it more prosperous.
    Foreign Policy Reset
    Distinguished guests, in February 2024 Cabinet endorsed a significant foreign policy reset. 
    The six pillars of our foreign policy reset are as follows:
    First, we are significantly increasing our focus and resources applied to South and Southeast Asia. 
    Second, we have renewed and reinvigorated meaningful engagement with our traditional and likeminded partners. Beginning, as always, with our one formal ally and indispensable partner, Australia, which we visited again just late last week. 
    Third, we are actively sustaining a deeper focus on the Pacific Islands region, bolstering development and security collaboration in response to regional needs and crises.
    Fourth, we are carefully targeting our multilateral engagement to global and transboundary issues, working with close partners to defend and preserve core principles of international law that underpin our security and prosperity. 
    Fifth, we are supporting new groupings that advance and defend our interests and capabilities. The IP4, where we work closely with Australia, South Korea, Japan and NATO, is an example of this new support. 
    Sixth, we are working hard promoting our goal of seriously lifting New Zealand’s export value over the next decade. 
    The six pillars of the Government’s Foreign Policy Reset are underpinned by three key concepts:

    The realism that informs the Government’s foreign policy.
    Our view of the crucial role that diplomacy needs to play in our troubled world.
    And our unshakeable belief that small states matter and that all states are equal.

    In fashioning foreign policy responses the realist tendency is to err on the side of prudence. That is, we are careful in what we say, and when and how we say it. In conditions of great uncertainty and disorder, such as we are currently experiencing, prudence is a both a logical and necessary guiding principle for a small state like New Zealand.
    We see our responsibility to the New Zealand people, in conducting foreign policy, as making cool-headed calculations of the country’s own strengths and weaknesses as we fashion our responses to events large or small that impact upon New Zealand’s interests.
    For a small state like New Zealand, the role of diplomacy is a crucial instrument of our foreign policy. In our complex geostrategic environment never has effective diplomacy been more needed. In the 18 months since returning for a third time as Foreign Minister we’ve spoken widely with colleagues across the globe. We’ve visited 45 countries, several more than once, met with well over 100 Presidents, Prime Ministers, Deputy Prime Ministers and Foreign Ministers, and had over 400 political engagements.

    Summing up those discussions in our National Statement to the United Nations last year, we said it has never been more apparent just how much diplomacy and the tools of statecraft matter in our troubled world. 
    Since war and instability is everyone’s calamity, diplomacy is the business of us all. We have observed that at this moment in time the ability to talk with, rather than at, each other has never been more needed. 
    Those who share our values, and even those who do not, gain from understanding each other’s position, even when we cannot agree. From understanding comes opportunity and from diplomacy comes compromise, the building block of better relations between nations. We said we need more diplomacy, more engagement, more compromise. 
    As Winston Churchill also said in his later years, “meeting jaw-to-jaw is better than war.”

    The inherent tensions and imbalances in the global order – between the desire for a rules-based order that protects small states against aggression, and the unjustified exercise of power by certain Great Powers – have only grown over the last past eight decades. 

    Yet small states matter now as much as they did then. New Zealand holds the foundational belief that all states are equal and that our voices matter as much as more powerful states. 
    Adopting a prudential approach to our diplomacy also means not reacting to everything that happens around you. We are more interested in understanding and anticipating the trend lines that are apparent over much longer periods and how they manifest during our time at the wheel.
    The broadening India-New Zealand relationship
    Which brings us to the India-New Zealand relationship.  India’s trendlines are nothing short of stunning. India’s growth story is well known to us, and it is breathtaking: the fastest-growing economy in the G20 and on track to be the world’s third-largest economy in the coming years. 
    India’s middle class is now almost half a billion strong. In the last decade alone, 250 million Indians have been lifted out of poverty. India’s aviation industry has soared, with the number of airports more than doubling to 157, and a new highway network covering 95,000 kilometres – enough to drive between New Zealand and India eight times. These are not mere statistics; they represent an extraordinary economic transformation. 
    Globally, India has cemented itself as a key player. Hosting the G20 summit in 2023 and landing a spacecraft on the moon’s South Pole two years ago, are testaments to its growing influence. 
    For New Zealand, India presents immense untapped potential. Despite India’s economic scale, it remains only our 12th largest trading partner, accounting for just 1.5 percent of our exports. 
    We are determined to change that. Our strengths – from food and beverage products to agriculture, forestry, horticulture, education, and tourism – are world-class. And our innovation in areas like outer space and renewable energy will find a welcoming partner in India.
    Early in this term we clearly expressed our intent to build a deeper and broader relationship with India. But, as Mahatma Gandhi said, “An ounce of practice is worth more than tons of preaching.” So we have followed through with practical action to broaden our relationship.
    We have sought to increase the tempo and seniority of engagements between our politicians. Our first overseas visit outside our home region of Australia and Pacific was to India, where we visited both Gujarat and New Delhi in March 2024. The Trade Minister has visited India five times. 
    In March his year, Prime Minister Luxon visited India on one of New Zealand’s largest-ever Prime Ministerial missions. And we enthusiastically welcomed India’s President in August 2024, and, just recently, the Minister of State for External Affairs, Shri Pabitra Margherita.
    Since the Foreign Policy Reset, we’ve made concrete strides. We’ve launched negotiations on a Comprehensive Free Trade Agreement – a breakthrough in our economic relationship. But even before that milestone we had put in place measures to deepen the economic relationship, with new arrangements on horticulture, forestry, and education also recently finalised.
    Additionally, we have seen a Memorandum of Understanding signed between Air New Zealand and Air India to explore a codeshare agreement on 16 routes across India, Singapore, Australia, and New Zealand. This will make travel between our nations easier, boosting tourism, education, and business connections. 
    But our relationship with India goes well beyond economic ties. It extends to defence and security – a priority for New Zealand in the Indo-Pacific. In an emerging multipolar world, India is evolving into a geopolitical giant, an indispensable security actor in both regional and global spheres. 
    During a time of great uncertainty, instability and disorder, we have taken steps to work more closely on matters of defence and security with India. A recently signed Defence Cooperation Arrangement will facilitate closer links between our militaries. 
    Meanwhile, we have taken practical steps to work together more closely. The New Zealand Navy is leading Combined Task Force 150, charged with securing trade routes and countering terrorism, smuggling, and piracy in the Indian Ocean and Gulf of Aden. 
    India’s involvement in this mission, as the Deputy Command of the Task Force, underscores the growing closeness of our defence ties. The taskforce has already had very real impact, disrupting the trade of $600 million worth of illegal drugs so far. 
    With tensions rising in the Indo-Pacific, it is crucial for New Zealand to work hand-in-hand with India and other like-minded partners to ensure the region remains free and open, with all nations respecting the rules that underpin peace and stability.
    India makes a significant contribution to upholding the rules-based international system on which we rely, via its growing influence in multilateral forums. 
    In addition, India has been a leader in promoting solar energy worldwide. We were pleased to sign up to the India and France-led International Solar Alliance, which now has over 100 member countries. And New Zealand has endorsed India’s candidature for permanent membership in a reformed UN Security Council.
    Turning to our growing people-to-people links, Prime Minister Modi has spoken often of the Indian diaspora in New Zealand, calling it a “living bridge” between our countries. 
    That is certainly true – the vibrant Indian community in New Zealand is contributing immeasurably to our society. 
    Their economic contribution is enormous, with estimates from six years ago suggesting it was worth around NZ$10 billion. We have no doubt it has grown since. 
    Of course, our partnership is also about more than economics and politics. It’s about people, and there’s no greater expression of that than sport. Cricket, of course, is a key element of our relationship – we will soon mark 100 years of sporting ties with India.
    But our sporting connections go beyond cricket. New Zealand and India have recently signed a Sports Memorandum of Cooperation, paving the way for new collaborations in high-performance sports, technology, research, and people exchanges.
    When you consider the range of measures outlined today across these key areas, it becomes clear that India and New Zealand are building a truly broad-based relationship.

    Concluding Remarks
    In concluding this speech on New Zealand’s foreign policy and our approach to India, and before taking your questions, let us briefly reinforce our key messages here this afternoon.
    First, while we are operating under severe conditions of uncertainty and the world faces extremely difficult economic and security challenges, New Zealand is pursuing a Foreign Policy Reset to help secure our place in the world.
    Second, the foreign policy of this New Zealand Government is unashamedly realist because in conditions of uncertainty prudence is preferable to pious platitudes when it comes to protecting New Zealand’s and the Indo-Pacific’s immediate and longer-term economic and security interests.
    Third, our broadening bilateral relations with India are very important to us. New Zealand is deeply committed to South and South East Asia in general, and India in particular. We are taking concrete actions to make good on our commitment to India and the region, across political engagement, defence and security, trade and economics, people and cultural, and multilateral connections. 
    Ultimately, there’s plenty in our relationship to benefit both New Zealand and India, as we work more closely together on defence and security, on sharing technology and human capital and in cooperating economically. India can rely upon New Zealand’s word and the actions that support them. And we are in it for the long haul. 
    Thank you.

    MIL OSI New Zealand News

  • MIL-Evening Report: GPs will be a great help for managing ADHD medications. But many patients will still need specialists

    Source: The Conversation (Au and NZ) – By Adam Guastella, Professor and Clinical Psychologist, Michael Crouch Chair in Child and Youth Mental Health, University of Sydney

    The New South Wales government this week announced reforms that will allow some GPs to treat and potentially diagnose attention-deficit hyperactivity disorder (ADHD).

    This aims to make ADHD care more accessible and less expensive and follows changes in Western Australia and Queensland, which have increased GPs’ role in diagnosing and prescribing for ADHD.

    Previously, only specialists (usually paediatricians and psychiatrists) could diagnose ADHD and prescribe the most commonly used ADHD stimulant medications.

    This reform comes on the back of evidence of extensive wait times for ADHD care and costs too high for many people.

    But while up-skilling GPs to treat ADHD will benefit many patients, some people with more complex cases will still need to see a specialist.

    What’s planned for NSW?

    Under this new framework, the NSW government proposes a two-stage plan.

    In phase one, around 1,000 GPs will be trained to support the ongoing prescribing of ADHD medications.

    In phase two a smaller number, about 100 GPs, will receive more intensive training to conduct ADHD assessments, make diagnoses and initiate ADHD medications.

    For phase two the initial focus will be on children and adolescents and then the trial will extend to adults.

    Why a diagnosis is crucial for people with ADHD

    The recent Senate inquiry into ADHD highlighted growing awareness about the daily struggles of people with ADHD across Australia.

    People with ADHD have serious difficulties with attention, impulsivity and hyperactivity, which impact across the lifespan and many settings where people live, learn, work and play.

    ADHD is linked to many poor outcomes and is even associated with higher rates of accidental injury and death.

    ADHD treatments, such as stimulant medication, has been shown be safe, effective and to substantially lower risks of negative outcomes. But to receive these treatments, a person needs to first receive a diagnosis.

    GPs can play an important role managing ADHD

    There is also no question that GPs are more accessible than specialists, both in terms of availability and cost.

    They already provide ongoing management for a wide range of chronic medical conditions such as diabetes, high blood pressure and obesity. They are highly skilled in monitoring outcomes and adjusting treatments.

    With the right training, they bring many transferable skills to ADHD care. Increasing their ability to take over ongoing prescribing for people diagnosed and stabilised on treatment is low risk and has shown to be effective in a range of studies.

    However, although the proposal to increase the role of GPs in ADHD care is a step in the right direction, it is not without challenges.

    GPs may struggle to assess complex patients

    Collaborative care involves general practitioners working with specialists and specialist teams to provide care. If GPs don’t have specialists to rely on for expert advice about ongoing management, many will choose not to provide ADHD care. Ongoing support and strong links between specialist and primary care services will be essential.

    GPs may also struggle to assess and diagnose complex cases.

    The vast majority of people with ADHD will have other mental health conditions, but some of these other conditions (such as anxiety conditions) can also result in symptoms that appear like ADHD.

    For these complex situations, specialist services with multidisciplinary teams of doctors and allied health providers (such as psychologists and occupational therapists) will still be needed.




    Read more:
    Wondering about ADHD, autism and your child’s development? What to know about getting a neurodevelopmental assessment


    To ensure high-quality care and reduce the potential for misdiagnosis and incorrect treatment, it will be even more important that specialists are available to provide additional services when required.

    There is little detail currently in the NSW proposal about how specialist multidisciplinary services will be supported to ensure this happens. And funding models for this will need to be established to support existing guidelines.

    Bringing GPs into the assessment and diagnosis to initiate treatment is positive but comes with added pressures to manage assessment and treatment.

    There are many cases in the media of poor diagnostic process, where patients were misdiagnosed with conditions such as ADHD after inadequate assessments. These practices may be driven by financial rewards and a poor application of evidence-based guidelines.

    Sometimes teams of clinicians and allied health providers will be needed for a diagnosis.
    Alex and Maria photo/Shutterstock

    Could this lead to over-diagnosis? Or correct under-diagnosis?

    In Australia, the debate about whether ADHD is under- or over-diagnosed is ongoing. There reality is that there is almost certainly a mixture of both.

    The real rates of ADHD are estimated at around 7% in Australian children and 2.5% in adults. While these rates have remained stable for many years, the rates of clinical diagnosis and treatment have increased dramatically, particularly in young women.

    Around 6% of children and adolescents currently receive ADHD medications, similar to the actual rates of ADHD in the population. For adults, the rates of ADHD medication use remain low for those over 45 years. For those between 18 and 44 years, rates now sit at around 2%.

    One interpretation of these figures is that most children, adolescents and adults with ADHD are now getting the support they need.

    However, if we remember the strong evidence that many Australians are struggling to access ADHD care, particularly in under-resourced, regional and remote areas, the more likely answer is that a combination of “misdiagnosis” and “missed diagnosis” means that sometimes diagnoses are not done correctly.

    This highlights the importance of focusing on the need for accurate assessment as the cornerstone of high quality ADHD care. In its answer to the question of who should assess and diagnose ADHD, the Australian ADHD guideline focuses on training and skills rather than which profession conducts the assessment.

    There is no reason that GPs cannot develop these skills, but they will require adequate training and ongoing support to do so, and they will need time to commit to these assessments.

    Finally, we need to make sure medication is not the only option available. Research shows ADHD medications provide effective treatment. But they should never be the only form of treatment offered.

    Sadly, reports show medical treatments are relied upon more frequently in more disadvantaged communities where access to other supports can be difficult.

    These reforms will do little to increase access to psychological and allied health supports to ensure the right care can be provided to people with ADHD.




    Read more:
    GPs could improve access to ADHD treatment. But we still need specialists to diagnose and start medication


    Adam Guastella receives funding from the NSW Government for the evaluation of mental health supports provided to children and families in health services. He has received funding from research agencies (ARC, NHMRC, MRFF) for the evaluation of assessment and supports related to neurodevelopmental conditions and for independent and sponsored clinical trials for the evaluation medical and psychological therapies. He is affiliated with Neurodevelopment Australia.

    David Coghill has been a consultant for with Takeda, Medice, Servier, Novartis. He receives research funding from the NHMRC and royalties from Oxford University Press and Cambridge University Press. He is the president of Australasian ADHD Professional Association.

    ref. GPs will be a great help for managing ADHD medications. But many patients will still need specialists – https://theconversation.com/gps-will-be-a-great-help-for-managing-adhd-medications-but-many-patients-will-still-need-specialists-257610

    MIL OSI AnalysisEveningReport.nz

  • Flood risk threatens Swiss valley after village destroyed by glacier

    Source: Government of India

    Source: Government of India (4)

    Water trapped behind a mass of glacial debris that this week buried a village and blocked a river in southern Switzerland has sparked warnings that further evacuations may be needed amid the risk of flooding in the Alpine valley.

    A deluge of millions of cubic meters of ice, mud and rock crashed down a mountain on Wednesday, engulfing the village of Blatten, and the few houses that remained later flooded. Its 300 residents had been evacuated earlier in May after part of the mountain behind the Birch Glacier began to crumble.

    Flooding increased on Thursday as the mound of debris almost 2 km (1.2 miles) across clogged the path of the River Lonza, causing a lake to form amid the wreckage, raising fears that the morass could dislodge and trigger more evacuations.

    Late on Thursday, local authorities urged residents in Gampel and Steg, villages several kilometres further along the Lonza Valley, to prepare for possible evacuation in case of emergency.

    The army is standing by with water pumps, diggers and other heavy equipment to provide relief when conditions allow.

    Rescue teams have been looking for a 64-year-old man missing since the landslide. Local authorities suspended the search on Thursday afternoon, saying the debris mounds were too unstable for now, and warning of further rockfalls.

    Residents have struggled to absorb the scale of destruction caused by the deluge, an event that scientists suspect is a dramatic example of the impact of climate change in the Alps.

    (Reuters)

  • Day not far when Maoist violence will be eradicated, says PM Modi in Bihar

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Friday inaugurated and laid the foundation stone for infrastructure and development projects worth over ₹48,520 crore in Bihar’s Karakat. Addressing a massive public rally, he affirmed the government’s strong resolve against Maoist violence and hailed the reduction in Naxal-affected districts across the country.

    “The day is not far when Maoist violence will be completely eradicated from the country,” the Prime Minister declared, crediting the government’s consistent efforts over the last decade. He stated that the number of Naxal-affected districts has reduced significantly — from over 75 before 2014 to just 18 now.

    Lauding Bihar Chief Minister Nitish Kumar’s role in steering the state towards growth, PM Modi said, “When the ‘Jungle Raj’ was removed under Nitish Kumar’s leadership, Bihar began to move forward on the path of development.”

    He cited advancements in road and rail infrastructure, asserting that Bihar’s broken highways, poor railway facilities, and limited air connectivity were now a thing of the past. “A web of four-lane highways is being built, and bridges are coming up across all major rivers in Bihar,” he noted.

    Referring to the legacy of red terror in regions like Sasaram, the Prime Minister said, “The people of Bihar are witnesses to how those who spread violence and unrest have been eliminated. Naxalism was once dominant in these areas.”

    In a veiled criticism of those who supported extremist ideologies, PM Modi remarked that the groups promoting Naxalism had “no faith in Babasaheb Ambedkar,” yet Bihar continued to pursue development under difficult conditions.

    His remarks come in the wake of a major anti-Naxal operation in Chhattisgarh’s Narayanpur, where Indian forces eliminated 27 Maoists, including top CPI (Maoist) commander Basavaraju. Active in Naxalite operations for nearly five decades, Basavaraju was reportedly involved in over 200 attacks.

  • Hazlewood’s return fuels Bengaluru’s IPL title dream

    Source: Government of India

    Source: Government of India (4)

    Questions about Josh Hazlewood’s fitness were posed repeatedly at Royal Challengers Bengaluru’s press conferences ahead of their Indian Premier League playoff and the Australian showed on Thursday why there was so much interest in his availability.

    Returning to action after spending a month on the sidelines recovering from a shoulder injury, Hazlewood helped put Bengaluru on the cusp of a first IPL title with figures of 3-21 against Punjab Kings.

    Three-times runners-up Bengaluru bundled out Punjab for 101 and then chased down the target in 10 overs to book their place in Tuesday’s final.

    On a pitch that offered swing and bounce, Hazlewood took the key wickets of fellow Australian Josh Inglis and rival captain Shreyas Iyer, blows which Punjab never really recovered from.

    “The bowling unit was obviously back to the unit that bowled for most of the tournament, and again, we knew our roles really well,” Hazlewood told reporters after their eight-wicket win.

    “There was a little bit of seam movement, the bounce was probably a little bit inconsistent, so we sort of utilised that as best as we could.”

    Hazlewood’s 21 wickets from 11 games make him the third highest wicket-taker this season behind Noor Ahmed (24) and Prasidh Krishna (23), both of whom have played three games more than the Australian.

    On Mullanpur’s spicy wicket, a target of around 150 could have proved tricky, said Hazlewood.

    “They probably just had to pull back a little bit and try and get a score on the board, you know, 150-160 would have been a difficult chase potentially,” he added.

    “But I think we only let them bat as well as they could have, through our bowling.”

    The lively wicket also meant Hazlewood did not have to push his body to the limit on his return from injury.

    “The wicket helped obviously, I didn’t have to bowl any fast yorkers or anything like that, so yeah, it’s feeling not too bad.”

    (Reuters)

  • Caste-Based Enumeration In The Upcoming Decadal Census Will Be A Transformative Step; Will Bring About Social Justice: Vice-President

    Source: Government of India

    Source: Government of India (2)

    lign=”center”>Thoughtfully Collected Caste Data Will Be An Instrument Of Integration, Like An MRI Of The Body, Says VP
    Effective Policy Planning Without Robust Statistics Can Be Compared To Surgery In The Dark, Stresses VP
    The Future Belongs To Those Who Master The Art Of Reading Societies And Statistical Signatures, Urges VP
    The Path To A Developed India Is Built With Statistical Insights Marked By Evidence-Based Milestones, Highlights VP
    Understanding Statistics From The Perspective Of Demographic Variation Will Help Policymakers Address The Security Of The Nation, Says VP
    We Must Create A Nation That Thinks Empirically, Says VP
    Our Languages Can Never Be A Source Of Divisiveness; Our Languages Are A Unifying Force, Says VP
    Vice-President Addresses The Indian Statistical Service (ISS) Probationers Of the 2024 and 2025 Batches in New Delhi

    The Vice-President of India, Shri Jagdeep Dhankhar, today said, “The Government has made a great decision. And the decision is to include caste-based enumeration in the upcoming decadal census. It will be a transformative step, game-changing. It will help bring about social justice. It will be an eye-opener. It will satisfy people’s aspirations. It’s a very broad decision of the government. There was a caste-based census earlier. Last time, I think it was conducted in 1931. I looked up to that census many times to know about my caste. I therefore realise the importance of caste-based enumeration.”

    https://twitter.com/VPIndia/status/1928028421285642516

    Addressing the Indian Statistical Service (ISS) Probationers of the 2024 and 2025 batches in New Delhi today, Shri Dhankhar said, “Far from being divisive,  thoughtfully collected caste data will be an instrument of integration. Some people are debating it. We are mature minds. How can information collected by itself be a source of the problem? It is like getting your body MRI. You will know about it when you stand. People will realise. And this mechanism will transform abstract constitutional commitments to equality into measurable,  accountable policy outcomes.”

    https://twitter.com/VPIndia/status/1928012739328311432

    The Vice-President drew a vivid analogy to highlight the value of precise and current data in governance, saying, “Effective policy planning without robust statistics you can compare it like a surgery in the dark. You can imagine how relevant your work is. Every digit in our national database represents a human story. Every trend line charts the trajectory of things. Let me give you a small illustration.”

    “And what it portends for our future, you will have rich experiences every moment of your service career. What you took for granted, you will find, is on a fragile premise. It’s a mirage, because data does not lie”, he noted.

    The Vice-President reiterated that India’s aspirations for becoming a developed nation are firmly rooted in evidence-based planning. He said, “We, as a nation, are looking for ‘Viksit Bharat,’ which is not our dream. It is our objective, defined destination, our goal. Bharat is no longer a nation with potential. It’s a nation on the rise, and the rise is unstoppable. And therefore, the path to a developed India is built with statistical insights marked by evidence-based milestones. In togetherness, we must create a nation that thinks empirically, as I indicated earlier, but is driven by hardcore evidence.”

    He urged timely and relevant data collection and usage for informed policymaking, saying, “Statistics is not merely about numbers. It is much more than numbers. It is about identifying patterns and drawing insights that inform wise policy decisions. Now, there is always urgency. If your data, data must be in sync with contemporaneous situations. Otherwise, it has a tendency to be stale. How detailed? It is about identifying patterns and growing insights. Have informed policy decisions based on data that is currently acceptable. A delayed or misguided policy can have serious consequences, and a timely intervention. Well-informed decisions can yield results that are exponential, not just incremental.”

    https://twitter.com/VPIndia/status/1928026458213208084

    Affirming the human-centric nature of statistics, he stated, “Numbers are not cold abstractions; they are warm testimonies to our collective aspirations. These are the numbers. The future belongs to those who master the art of reading societies,  statistical signatures. And only you make those signatures available. In the convergence of statistical science and democratic values lies the secret to India’s continued rise.”

    The Vice-President emphasized that statistical accuracy empowers governments to shift from reactive measures to strategic foresight, saying, “This diagnostic precision transforms reactive governance into proactive stewardship. Otherwise, we will always be in reaction mode. Reaction mode is a weakness of policy—it reveals a void in foresight. But proactive stewardship is fundamental.”

    He further said, “We are also required to use data to address demographic trends. Demographic trends are beyond statistics. They are dependent on the analysis of statistics. In several ways, these variations define the pulse of the nation’s transformation. And therefore, understanding statistics from the perspective of demographic variation will help policymakers address the security of the nation. Preserve our sovereignty also. Analyse the threat perception. Help us devise policies. You come to know more about demography only from statistical analysis of raw figures. It’s a compass that will guide the nation’s journey for sustainable development.”

    https://twitter.com/VPIndia/status/1928027482726486049

    Encouraging the young officers to see themselves as agents of equality, he reflected on their role in democratizing access and opportunities. Shri Dhankhar said, “You are probationers. Statistical cartography reveals the hidden geometries of inequality. I stressed—I reiterated on a number of occasions—democracy has meaning only if those who cannot help themselves are helped. They don’t have to question others that I need help, which means you must bring about equality and sublimity. Your cartography helps. Governance is enabled by your efforts to craft targeted interventions, where interventions are most needed.”

    He then reflected on the vital role of civil servants in India’s journey, saying, “In the vast canvas of India’s progress, civil servants functioned as the silent yet formidable architects contributing to the socio-economic development and progress of our dynamic nation. Thanks to the vision of the Prime Minister, his mission, that execution has been place by the bureaucracy. The performance of our bureaucracy will always be optimal if the political leadership is in the right framework. With the right policies, we are living in those times where the political framework is indicating hope and optimism. We are on the right path.  And that is why India is a nation at the moment with an unprecedented economic upsurge, phenomenal infrastructure growth. This is a mix of political vision and bureaucratic execution. I therefore say that India takes pride in its bureaucracy. It is the finest in the world. And that is why our aspirations get fructified.”

    https://twitter.com/VPIndia/status/1928021046009155729

    Concluding his address, the Vice-President touched upon India’s linguistic diversity and its role in national unity, “India is uniquely positioned in the world when it comes to languages. We have multiple languages that make us proud — Tamil, Telugu, Kannada, Bangla, Sanskrit, Hindi, several others (I may forget some), all of them, including Odia and other languages. Eight of them are classical languages. Our languages generate unity. Some of them have a global impact; their literature is a goldmine of knowledge. Our inclusivity is reflected in our languages, and if you go to the constitutional scheme of things, it is provided in the Constitution that for official work, there will be a progressive decline in the use of the English language and, similarly, an incremental trajectory for Hindi. Our National Education Policy stands out for giving primacy to the mother tongue. Technical subjects like medicine and engineering, the education is now being imparted in the vernacular. Our languages are our spinal strength. Our languages can never be a source of divisiveness. Our languages are a unifying force. I appeal to everyone in the country to have a soothing approach with wholesome motivation toward this fundamental cultural aspect of our nation.”

    https://twitter.com/VPIndia/status/1928021786941345885

    Dr. Saurabh Garg,  Secretary, Ministry of Statistics & Programme Implementation, Shri. P. R. Meshram, Director General, Ministry of Statistics & Programme Implementation And other dignitaries were also present on the occasion.

  • MIL-OSI China: Dragon Boat Festival: Racing for health and happiness

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

     What is the Dragon Boat Festival?

    The Dragon Boat Festival, also known as Duanwu Festival, is one of China’s oldest and most celebrated traditions, with a history spanning over two millennia. True to its name, the festival is best known for its lively dragon boat races, where people gather to compete and cheer the racers on.

    Traditionally, the festival falls on the fifth day of the fifth month in the Chinese lunar calendar. In 2025, it will be celebrated on May 31.

    Scan QR code to launch interactive version:

     How popular are dragon boat races?

    In recent years, dragon boat racing has surged in popularity, attracting both amateur and professional teams across China and around the world.

    For instance, in 2024, the Suzhou Jinji Lake International Dragon Boat Race in Suzhou city, east China’s Jiangsu province, drew 66 teams and 1,418 participants, including seven international teams from countries such as Austria, Germany, Russia, Singapore and Switzerland.

    The sport’s growing global appeal was further highlighted last year with the launch of the Frankfurt Dragon Boat Festival in Germany and the Prague Dragon Boat Festival in the Czech Republic.

     Why do people celebrate the Dragon Boat Festival?

    The origins of the Dragon Boat Festival are deeply rooted in Chinese culture, with several theories explaining its rich history. One prominent view ties the festival to ancient dragon worship, where dragon boat racing was a symbolic tribute to the powerful dragon deity.

    Another widely told folk tale associates the festival with the poet Qu Yuan (340–278 B.C.). According to legend, when Qu Yuan drowned himself in the Miluo River to mourn the fall of his state, local villagers raced out in their boats to search for him or recover his body. This urgent act of devotion is said to have evolved into today’s dragon boat races.

    In modern times, dragon boat racing has grown beyond its traditional roots, becoming a vibrant sport that merges China’s cultural heritage with a contemporary competitive spirit.

    The Dragon Boat Festival, typically observed in late May or early June, also coincides with a period when ancient Chinese communities feared natural disasters and illness. Consequently, people historically used the festival to pray for good health and safety for their families.

    Today, the festival remains a moment to seek good fortune and celebrate prosperity. Falling close to the Summer Solstice, it also provides a lively break as China enters the height of summer heat.

     What other traditions are observed during the festival?

    A rich tapestry of traditions and legends has been passed down through generations, adding depth to the Dragon Boat Festival’s cultural significance.

    ——▼ Wrapping and eating ‘Zongzi’  

    One staple of the celebration is “zongzi,” a beloved culinary treat closely tied to the festival. In ancient China, these traditional rice dumplings were originally made as offerings to honor ancestors and deities. 

    Zongzi are distinctive for their pyramid shape, made from glutinous rice wrapped in reed or bamboo leaves and tied with colorful thread. Fillings vary by region and preference, ranging from sweet options like jujube and bean paste to savory choices such as fresh meat, ham and egg yolk.

    ——▼ Drinking realgar wine

    Realgar wine, a distinctive Chinese liquor infused with realgar, played a practical role in ancient times. Realgar was valued as a pesticide to keep mosquitoes at bay during the hot summer months and was also believed to act as an antidote to various poisons. Today, drinking realgar wine has become a cherished Dragon Boat Festival tradition.

    ——▼ Hanging mugwort and calamus

    During the festival, Chinese families often hang mugwort and calamus above their doors, mainly to repel insects. In ancient times, it was also widely believed that displaying mugwort, calamus or even pomegranate flowers could ward off misfortune and drive away evil spirits.

    ——▼ Wearing colored braids and perfumed pouches

    It’s also common for parents to make perfumed pouches or colorful braids for their children during the festival. This tradition is rooted in the belief that wearing these items provides protection against evil spirits and illness.

    These small, intricately designed pouches are filled with fragrant herbs or medicinal ingredients and are typically tied to children’s clothing. The colorful braids, traditionally made from five different colors of thread, are fastened around the wrist.

    MIL OSI China News

  • PM Modi to launch development projects worth Rs 1,300 crore in Madhya Pradesh

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will visit Madhya Pradesh on Saturday to commemorate the 300th birth anniversary of Lokmata Devi Ahilyabai Holkar and unveil a series of development projects across the state, cumulatively valued at over Rs 1,300 crore.

    As part of the visit, the Prime Minister will attend the Lokmata Devi Ahilyabai Mahila Sashaktikaran Mahasammelan in Bhopal, where he will release a commemorative postage stamp and a special Rs 300 coin in honor of Devi Ahilyabai .

    During the event, PM Modi will also present the National Devi Ahilyabai Award to a woman artist for her outstanding contribution to tribal, folk, and traditional arts.

    As part of the Simhastha Mahakumbh 2028 preparations, PM Modi will lay the foundation stone for the construction of ghats along the Kshipra River in Ujjain. The Rs 860-crore project includes barrages, stop dams, and vented causeways to improve water regulation.

    The Prime Minister will also inaugurate newly built airports in Datia and Satna, which are expected to significantly enhance regional connectivity, stimulate tourism, and improve access to education and healthcare in surrounding areas.

    In Indore, PM Modi will flag off passenger services on the Yellow Line of the Indore Metro’s Super Priority Corridor, a move aimed at easing urban traffic congestion and reducing pollution, while offering modern and efficient public transport.

    Additionally, the Prime Minister will transfer the first installment for the construction of 1,271 Atal Gram Sushasan Bhawans. With an estimated cost of over Rs 480 crore, these buildings will strengthen infrastructure at the gram panchayat level and improve administrative efficiency in rural areas.

  • Saudi warned Iran to reach nuclear deal with Trump or risk Israeli strike

    Source: Government of India

    Source: Government of India (4)

    Saudi Arabia’s defence minister delivered a blunt message to Iranian officials in Tehran last month: take President Donald Trump’s offer to negotiate a nuclear agreement seriously because it presents a way to avoid the risk of war with Israel.

    Alarmed at the prospect of further instability in the region, Saudi Arabia’s 89-year-old King Salman bin Abdulaziz dispatched his son, Prince Khalid bin Salman, with the warning destined for Iran’s Supreme Leader Ayatollah Ali Khamenei, according to two Gulf sources close to government circles and two Iranian officials.

    Present at the closed-door meeting in Tehran, which took place on April 17 in the presidential compound, were Iranian President Masoud Pezeshkian, armed forces Chief of Staff Mohammad Bagheri and Foreign Minister Abbas Araqchi, the sources said.

    While media covered the 37-year-old prince’s visit, the content of the King Salman’s covert message has not been previously reported.

    Prince Khalid, who was Saudi ambassador to Washington during Trump’s first term, warned Iranian officials that the U.S. leader has little patience for drawn-out negotiations, according to the four sources.

    Trump had unexpectedly announced just over a week earlier that direct talks were taking place with Tehran, aimed at curbing Iran’s nuclear programme in return for sanctions relief. He did so in the presence of Israeli Prime Minister Benjamin Netanyahu, who had travelled to Washington hoping instead to win support for attacks on Iranian nuclear sites.

    In Tehran, Prince Khalid told the group of senior Iranian officials that Trump’s team would want to reach a deal quickly, and the window for diplomacy would close fast, according to the four sources.

    The Saudi minister said it would be better to reach a deal with the U.S. than face the possibility of an Israeli attack if the talks broke down, according to the two Gulf sources.

    He argued that the region – already riven by recent conflicts in Gaza and Lebanon – could not withstand a further escalation in tensions, said the two Gulf sources and one senior foreign diplomat familiar with the discussions.

    Authorities in Saudi Arabia and Iran did not respond to requests for comment.

    The visit by Prince Khalid – the younger brother of Crown Prince Mohamed Bin Salman – was the first by a senior member of the Saudi royal family to Iran in more than two decades. Riyadh and Tehran had long been bitter rivals, often backing opposing sides in proxy wars, until a rapprochement brokered by China in 2023 helped to ease the tensions and restored diplomatic ties.

    Over the past two years, Iran’s regional position has been undermined by heavy military blows inflicted by Israel on its allies Hamas in Gaza and Hezbollah in Lebanon, and toppling of its close ally, Syrian dictator Bashar al-Assad. Western sanctions, meanwhile, have hit its oil-dependent economy hard.

    Mohanad Hage Ali, an expert on Iran at the Carnegie Middle East Center think tank in Beirut, said that Tehran’s weakness had offered Saudi Arabia the opportunity to exert its diplomatic influence, seeking to avoid a regional conflagration.

    “They want to avoid war because war and confrontation with Iran will have negative implications on them and their economic vision and ambitions,” he told Reuters.

    IRAN WANTS A DEAL

    Reuters was unable to determine the impact of the prince’s message on Iran’s leadership.

    In the meeting, Pezeshkian responded that Iran wanted a deal to ease economic pressure through the lifting of Western sanctions, the four sources said.

    However, the Iranian officials, the sources added, expressed concerns over the Trump administration’s “unpredictable” approach to negotiations — which have veered from allowing limited uranium enrichment to demanding the complete dismantling of Tehran’s enrichment program.

    Trump also has threatened to use military force if diplomacy fails to rein in the clerical establishment’s nuclear ambitions.

    One of the Iranian sources said that Pezeshkian emphasized Tehran’s eagerness to reach a deal but that Iran was not willing to sacrifice its enrichment program just because Trump wanted an agreement.

    The ongoing talks between Washington and Tehran have already been through five rounds to resolve the decades-long nuclear dispute, but multiple stumbling blocks remain, including the key issue of enrichment.

    Reuters reported on Wednesday that Iran might pause uranium enrichment if the U.S. releases its frozen funds and recognises its right to refine uranium for civilian use under a “political deal” that could lead to a broader nuclear accord, according to two Iranian sources familiar with the talks. The semi-official Fars news agency in Iran quoted a foreign ministry spokesman denying the report.

    The White House did not directly address Reuters’ questions about whether it was aware of the Saudi warning to Iran.

    “President Trump has made it clear: make a deal, or face grave consequences, and the whole world is clearly taking him seriously, as they should,” White House press secretary Karoline Leavitt said in a statement.

    Trump said on Wednesday he warned Netanyahu last week not to take any actions that could disrupt nuclear talks with Iran, and said the two sides were “very close to a solution now”.

    Israeli authorities did not respond to a request for comment.

    HIGH STAKES

    A four-day visit by Trump to the Gulf this month annointed Saudi Arabia as the most prominent member of a new axis of Sunni states in the Middle East, filling the void left by Iran’s shattered alliance. During the trip, Saudi Crown Prince Mohamed Bin Salman mediated a reconciliation between Trump and Syria’s new Sunni leader, Ahmed al-Sharaa.

    Tehran’s regional sway, meanwhile, has been diminished by military setbacks suffered by Iran and its allies in the Shi’ite-dominated Axis of Resistance, which include Hamas, Hezbollah, the Houthis in Yemen, and Iraqi militias

    In the meeting, Prince Khalid urged Iran to rethink its regional policy, noting such a shift would be welcomed, especially by Riyadh, the sources said.

    Although he stopped short of directly blaming Iran, the Saudi minister voiced concern over a possible repeat of the 2019 drone attacks on the facilities of state oil company Aramco – attacks the kingdom attributed to Iran and its Houthi allies, despite Tehran’s denial.

    Iranian officials maintained that while Tehran holds some influence over the Houthis, it does not fully control their actions, the Iranian sources said.

    Decades of hostility between the Shi’ite Iran and Saudi Arabia destabilised the Gulf and fuelled regional conflicts from Yemen to Syria. The 2023 detente was driven in part by Saudi Crown Prince Mohammed’s economic ambitions and desire for stability, and has led to increased contacts between the governments.

    However, neither Saudi Arabia nor other regional powers see Iran as a dependable partner for peace and they fear its actions could jeopardize their ambitions for economic development, diplomats and regional experts say.

    Prince Khalid implored the Iranians to avoid actions by them and their allies that might provoke Washington, stressing that Trump’s response would likely be more strident than his predecessors, presidents Joe Biden and Barak Obama.

    In turn, he assured Tehran that Riyadh would not let its territory or airspace to be used by the United States or Israel for any potential military action against Iran, the sources said.

    (Reuters)

  • India to be fastest-growing economy for next 30 years: Piyush Goyal

    Source: Government of India

    Source: Government of India (4)

    India is poised to remain the fastest-growing large economy for the next three decades, with a sustained annual growth rate of 6–7%, Union Commerce and Industry Minister Piyush Goyal said on Thursday.

    Speaking at the Confederation of Indian Industry (CII) Annual Business Summit 2025, Goyal said the government is aiming to push growth to 8% at constant prices.

    “Even amidst international upheavals, we are among the better-performing emerging markets,” he said. “Today, India holds the world’s fourth-largest foreign exchange reserves in the world at about $690 billion. Our inflation has remained below 4% for the last three months. The Reserve Bank has done a commendable job balancing liquidity and currency management.”

    Goyal emphasized that India remains an attractive investment destination. Over the past two decades, Indian companies have delivered nearly 20% CAGR returns, he noted, adding that Foreign Direct Investment (FDI) inflows continue to break records. “We are back on track on the growth trajectory, working through international trading relations,” he said.

    On trade agreements, Goyal pointed to major progress on Free Trade Agreements (FTAs) with the UAE, Australia, the UK, and the four EFTA countries (Iceland, Liechtenstein, Norway, and Switzerland). “We are well on track with our bilateral trade agreement with the USA and making fast progress with the European Union’s 27-nation bloc. We have also launched negotiations with New Zealand,” he said.

    Goyal said the EFTA countries have committed $100 billion in FDI over the next 15 years, potentially catalyzing a total investment of $500 billion. “This ecosystem could attract an additional $500 billion,” he added. The investment clause in the EFTA deal is the first of its kind globally, and the figures exclude contributions from Norway’s sovereign wealth fund.

    Despite global volatility, Goyal said India continues to be a pillar of global growth. The International Monetary Fund (IMF) has projected that India will become the world’s third-largest economy by GDP by 2027.

    Highlighting government’s sustained push for ease of doing business, the Goyal said that over 40,000 compliances have been reduced, several laws have been decriminalised, and nearly 2,000 obsolete laws have been removed from the statute book. He noted that the Jan Vishwas Bill reflects the trust between the government and people.

    “The Act promotes self-certification, encourages businesses to offer suggestions to improve ease of doing business, and simplifies people’s lives. It reflects a government that trusts its stakeholders,” he said.

    On the sustainability front, he pointed out that renewable energy coupled with storage is now available at ₹3.30 per kilowatt hour—among the lowest globally. “Solar and wind plus storage make a compelling case for data centres to come to India. We have a large interconnected grid with low-cost clean energy to power these centres. This is not just about sustainability – it is an economic case,” he said.

    Reaffirming Prime Minister Narendra Modi’s vision for inclusive development, Goyal said the government is working to ensure that every citizen has access to quality healthcare, education, and basic needs. “Free healthcare, quality education and basic needs are being addressed. We are now seeing employment growth, and skill development centres are playing a key role. No child should be deprived, and no man should be left behind,” he said.

  • Operation Sindoor outreach: Tharoor-led delegation reaffirms India’s anti-terror stand in Colombia

    Source: Government of India

    Source: Government of India (4)

    An all-party Indian parliamentary delegation led by Congress MP Shashi Tharoor arrived in Colombia on Thursday, continuing its diplomatic outreach in Latin America to highlight India’s zero-tolerance stance on terrorism and strengthen bilateral ties with key regional partners.

    Sharing an update from Bogotá, Tharoor posted on X: “Our Colombia visit got under way today with a briefing to the delegation from our Ambassador, Vanlalhuma, followed by a well-attended press interaction with more than a dozen local media outlets. I then did an interview with Colombian journalist Juan Camillo Ramirez. Getting the message out where it needs to be heard!”

    The visit, which runs from May 29 to 31, includes meetings with Colombian lawmakers, government ministers, policy think tanks, and media representatives. The discussions are focused on promoting counterterrorism cooperation and expanding strategic and economic engagement between the two democracies.

    The Colombia leg follows a high-profile visit to Panama, where the Indian delegation was hosted by Ambassador Sumit Seth.

    “Our trip ended with a spectacular reception hosted by Ambassador Seth for the diplomatic corps and influential Panamanian personalities. The Foreign Minister spoke, as did his Vice-Minister, Carlos Hoyos, in strong sympathy for India, expressing support for our fight against terrorism and for enhancing the close cooperation between our two countries,” Tharoor said

    The delegation comprises MPs Sarfraz Ahmad, Ganti Harish Madhur, Shashank Mani Tripathi, Milind Murli Deora, Bhubaneswar Kalita, Tejasvi Surya, and Ambassador Taranjit Singh Sandhu.

    (With inputs from IANS)

  • Trump envoy says Russian concern over NATO enlargement is fair

    Source: Government of India

    Source: Government of India (4)

    U.S. President Donald Trump’s envoy to Ukraine, Keith Kellogg, said Russia’s concern over the eastward enlargement of NATO was fair and the United States did not want to see Ukraine in the U.S.-led military alliance.

    Asked by U.S. network ABC News about a Reuters report that Russia wanted a written pledge over NATO not enlarging eastwards to include Ukraine and other former Soviet republics, Kellogg said: “It’s a fair concern.”

    “We’ve said that to us, Ukraine coming into NATO is not on the table, and we’re not the only country that says that – you know I could probably give you four other countries in NATO and it takes 32 of the 32 to allow you to come in to NATO,” he told ABC late on Thursday. “That’s one of the issues that Russia will bring up.”

    “They’re not just talking Ukraine, they’re talking the country of Georgia, they’re talking Moldova,” Kellogg said, adding that a decision on U.S. views of NATO enlargement was for Trump to make.

    Kellogg said the sequencing of the peace talks would include an attempt to merge the two memorandums drafted by Ukraine and Russia into one single document with talks in Turkey on Monday.

    “When we get into Istanbul next week we’ll sit down and talk,” Kellogg said, adding that the national security advisers from Germany, France and Britain would join discussions on the memorandum with the United States.

    Kellogg said Trump was “frustrated” with Russia because he had seen “a level of unreasonableness” from Russian President Vladimir Putin. He scolded Russia for striking Ukrainian cities and said he had told Ukraine to turn up to talks.

    A conservative estimate of dead and injured in the Ukraine war – from both sides combined – totals 1.2 million, Kellogg said.

    “That is a stunning number – this is war on an industrial scale,” Kellogg told ABC.

    (Reuters)

  • MIL-OSI Russia: Mutually beneficial trade, economic and investment cooperation between Uzbekistan and China is developing dynamically — Minister-Counselor of the Embassy

    Translation. Region: Russian Federal

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

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

    BEIJING, May 30 /Xinhua/ — “China remains the main trade and investment partner of Uzbekistan,” said Minister-Counselor of the Embassy of Uzbekistan in China Saidkamol Agzamkhodjaev, adding that mutually beneficial trade, economic and investment cooperation between the two countries is developing dynamically.

    S. Agzamkhodjaev made this statement on Wednesday in Beijing at the presentation of the Strategy “Uzbekistan-2030”, organized jointly by the Embassy of Uzbekistan in China and the Institute of Russia, Eastern Europe and Central Asia of the Chinese Academy of Social Sciences (CAS).

    According to him, China is the leading investor in the economy of Uzbekistan. Over the past few years, the volume of Chinese investments has increased fivefold, and the total portfolio of joint projects has reached $53 billion. In 2024 alone, more than $10 billion of Chinese investments were utilized in Uzbekistan, and over $3 billion in the first months of 2025.

    He added that there are more than 3.7 thousand enterprises with Chinese capital operating in Uzbekistan, of which more than 300 were created over the past year.

    China’s experience in public administration, conducting targeted reforms in all areas of society, and ensuring sustainable development deserves special attention, said S. Agzamkhodjaev.

    Let us recall that the Strategy “Uzbekistan-2030” was developed with the aim of ensuring sustainable and inclusive development of the country and defines the long-term direction of development of Uzbekistan.

    The strategy envisages achieving such goals as reforms in various areas, economic growth, improvement of education, healthcare and social protection systems, ensuring environmental sustainability and modernization of public administration.

    MIL OSI Russia News

  • MIL-OSI Russia: The 2025 Central Asia-China Media Forum was held in Astana

    Translation. Region: Russian Federal

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

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

    ASTANA, May 30 (Xinhua) — The 2025 Central Asia-China Media Forum was held in Astana, capital of Kazakhstan, on Thursday. The theme of the event is “Together along the Silk Road, Media as the Connecting Thread. Let’s Build a Closer Community with a Shared Future for China and Central Asia.”

    President of Kazakhstan Kassym-Jomart Tokayev sent a letter of greetings to the forum. He noted that the Belt and Road initiative put forward by Chinese President Xi Jinping is of particular importance and has been widely recognized by the international community as a platform for global cooperation. According to the head of state, Kazakhstan attaches great importance to the development of a comprehensive strategic partnership on a permanent basis with China, and the Central Asia-China Media Forum is an important platform for strengthening mutual understanding, trust and partnership in the media sphere. K.-J. Tokayev wished the forum productive work and constructive discussions for the benefit of all countries and peoples.

    The participants of the event noted that media exchanges are an important part of China’s relations with the Central Asian countries. The media of China and the Central Asian countries should be sensitive to the trends of the times, find new formats of cooperation, jointly tell stories of friendly interaction, thereby contributing wisdom and strength to building a closer community with a common destiny for China and Central Asia, they emphasized.

    The forum was jointly organized by the People’s Daily newspaper and the Television and Radio Complex of the President of the Republic of Kazakhstan. The event was attended by more than 200 representatives of leading media, experts, scientists and business representatives from China and Central Asian countries. The forum also included the opening ceremony of a photo exhibition and the launch of the Central Asian and Chinese Media Press Tour on High-Quality Joint Construction of the Belt and Road. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: China, Japan Make Significant Progress on Safety of Japanese Marine Products

    Translation. Region: Russian Federal

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

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

    BEIJING, May 30 (Xinhua) — China and Japan held a new round of technical talks on the safety of Japanese aquatic products in Beijing on Wednesday and made “substantial progress,” the General Administration of Customs said Friday.

    According to the department, these negotiations were initiated at the request of Japan. Since the beginning of this year, the parties have already held several rounds of technical exchanges in this area. -0-

    MIL OSI Russia News

  • MIL-OSI New Zealand: Fatal crash, Newtons Road, Templeton

    Source: New Zealand Police

    One person has died following a serious crash in Templeton this afternoon.

    At around 2.45pm, emergency services were called to the intersection of Dawson Road and Newton Road.

    The crash involved a truck and two cars.

    Sadly, one person died at the scene. Our thoughts are with their family at this difficult time.

    The Serious Crash Unit has conducted a scene examination and the road is now open.

    While Police’s investigation into the circumstances of the crash are ongoing, Police would like to remind motorists to take care on our roads.

    Drive sober, remove distractions, wear your seatbelt, and stick to the speed limit to ensure you get to your destination safely

    ENDS

    Issued by Police Media Centre

    MIL OSI New Zealand News

  • MIL-OSI Asia-Pac: Columbaria amendment implemented

    Source: Hong Kong Information Services

    The Private Columbaria (Amendment) Ordinance 2025 was published in the Government Gazette and came into force today.

     

    The amendment ordinance helps to enhance the current regulatory regime on private columbaria and strengthen the protection of consumers’ interests.

     

    One of the primary purposes of the amendment ordinance is to provide “pre-cut-off columbaria” an additional option to make new applications for exemption.

     

    “Pre-cut-off columbaria” are those that were in operation and had ashes interred in them before the announcement of the proposal to establish a licensing regime at 8am on June 18, 2014. Once successfully obtaining an exemption through the new application, they can retain niches they sold before the enactment of the ordinance.

     

    The amendment ordinance enhances enforcement-related provisions for greater deterrent effect, including the introduction of new offences that prohibit overselling niches and over-placing ashes.

     

    Additionally, the amendment ordinance requires the Private Columbaria Appeal Board to only receive and consider new materials not previously provided to the Licensing Board upon special grounds being shown in order to ensure the adoption of a consistent standard by appeal panels.

     

    Click here for more details.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Power plants’ emission caps to drop

    Source: Hong Kong Information Services

    The Government today published a technical memorandum in the Gazette with the aim of further reducing the emission allowances of air pollutants for power plants from 2030 onwards, thereby improving the air quality in Hong Kong and the Pearl River Delta region.

     

    Issued under the Air Pollution Control Ordinance, the Tenth Technical Memorandum for Allocation of Emission Allowances in Respect of Specified Licences (the Tenth TM) reduces the annual emission allowances of sulphur dioxide (SO2), nitrogen oxides (NOx) and respirable suspended particulates (RSPs) from the electricity sector from 2030 onwards at 2,302 tonnes, 8,350 tonnes and 317 tonnes respectively.

     

    The Environment & Ecology Bureau said it represents further tightening by 19%, 25% and 14% respectively when compared with the emission allowances for the electricity sector for 2026 set under the Ninth TM.

     

    The Tenth TM will be tabled at the Legislative Council on June 4 for commencement by the end of 2025.

     

    In accordance with the ordinance, the new set of emission allowances will come into effect on January 1, 2030.

     

    The bureau said it has taken into account various factors in setting the new emission allowances.

     

    Such factors include local electricity demand, the gas-fired electricity generation of the two power companies, the emission performance of existing generating units, the estimated import of nuclear power and clean energy, and the projected electricity intake from renewable energy sources.

     

    The Government has also been requiring the two power companies to adopt the best practicable means in their plants’ design and operational management to minimise emissions of air pollutants, the bureau added.

     

    Hong Kong’s air quality has been improving continuously in recent years.

     

    The ambient concentrations of SO2, nitrogen dioxide and RSPs recorded in 2024 had been reduced by 45% to 88% when compared with that in 2004.

     

    The number of hours of reduced visibility observed had also been greatly reduced by 82% from its peak in 2004.

     

    As emissions from the electricity sector accounted for 61%, 27% and 13% of the territory-wide emissions of SO2, NOx and RSPs respectively in 2022, the tightened emission allowances for power plants will help further improve the air quality in Hong Kong and the Pearl River Delta region.

     

    The bureau said it will review the technical memorandum again not later than 2027 to ensure timely revision of the emission allowances.

    MIL OSI Asia Pacific News

  • India’s All-Party Delegation concludes anti-terror mission in Saudi Arabia

    Source: Government of India

    Source: Government of India (4)

    An All-Party Parliamentary delegation from India concluded its three-day diplomatic mission to Saudi Arabia on Thursday, emphasizing India’s unwavering stance against terrorism in the wake of recent cross-border attacks. Led by BJP MP Baijayant Panda, the delegation held extensive interactions with Saudi think tanks and the Indian diaspora as part of a broader global outreach initiative following India’s military response to the devastating April terrorist attack.

    The delegation’s visit comes in response to the April 22 Pahalgam attack, where five armed terrorists killed 26 people, including 25 tourists and a local resident, in one of the deadliest attacks in Kashmir in decades. The incident prompted India to launch Operation Sindoor, which the delegation described as establishing “a new benchmark in India’s fight against terrorism.”

    During their Saudi visit, the Indian representatives met with Dr. Abdulaziz Sager, Chairman of the Gulf Research Centre in Riyadh, and Dr. Abdulmajeed Albanyan, President of the Naif Arab University for Security Sciences. The discussions focused on India’s three-decade struggle with cross-border terrorism and explored potential collaboration in emerging technologies including artificial intelligence and quantum computing for counter-terrorism efforts

    .The delegation emphasized that the Pahalgam attack was designed to undermine economic progress in Jammu and Kashmir and incite communal tensions across India. They highlighted how the nation’s unified response demonstrated India’s collective resolve against such threats, noting that all attempts to divide the country were met with popular resistance.

    This Saudi Arabia mission represents part of a comprehensive diplomatic offensive, with seven All-Party delegations comprising 59 members visiting 32 countries to convey India’s zero-tolerance approach to terrorism. The initiative aims to build international support for India’s position while countering narratives that might justify terrorist activities.

    The delegation’s engagement with the Indian diaspora in Saudi Arabia underscored the community’s role in India’s development and acknowledged Saudi Arabia’s consistent support in condemning terrorism. The visit reinforced the growing security cooperation between the two nations, particularly in areas of counter-terrorism and regional stability.The broader diplomatic campaign follows India’s military strikes against alleged terrorist camps across the border, marking what officials describe as a shift toward a ‘new normal policy’ in addressing cross-border terrorism threats.

  • Foreign Secretary Vikram Misri meets business leaders in US, focuses on tech and trade cooperation

    Source: Government of India

    Source: Government of India (4)

    Indian Foreign Secretary Vikram Misri and Deputy National Security Advisor Pavan Kapoor met with leading U.S. business executives during a roundtable hosted by the U.S.-India Strategic Partnership Forum (USISPF) on Thursday, focusing on bolstering bilateral cooperation in key sectors.

    The Indian Embassy in Washington, D.C., described the discussions as “engaging.”

    “They emphasized the importance of G2G, academia, and industry collaboration to advance critical and emerging technologies in defence and strategic domains — key to transforming the partnership for the 21st century,” the embassy said in a post on X.

    USISPF, in a statement, said the dialogue focused on expanding cooperation under the TRUST initiative—an effort to build a secure, transparent, and resilient innovation ecosystem through stronger public-private-academic engagement.

    Misri’s three-day visit to the U.S. (May 27–29) focused on strategic and economic ties with Washington. His agenda included meetings with Deputy Secretary of State Christopher Landau and Under Secretary of Commerce Jeffrey Kessler.

    According to the U.S. Department of State, Landau reaffirmed the strength of the U.S.-India partnership.

    “He underscored the importance of fair and reciprocal market access to fostering economic growth and prosperity in both countries. The Deputy Secretary emphasised the importance of enhanced cooperation on migration and counternarcotics,” the State Department said in a statement.

    “The Deputy Secretary and the Foreign Secretary also reaffirmed their shared desire to maintain regional stability and peace,” the statement added

    (With inputs from IANS)

  • MIL-OSI Banking: Result of the Daily Variable Rate Repo (VRR) auction held on May 30, 2025

    Source: Reserve Bank of India

    Tenor 3-day
    Notified Amount (in ₹ crore) 25,000
    Total amount of bids received (in ₹ crore) 8,721
    Amount allotted (in ₹ crore) 8,721
    Cut off Rate (%) 6.01
    Weighted Average Rate (%) 6.01
    Partial Allotment Percentage of bids received at cut off rate (%) NA

    Ajit Prasad          
    Deputy General Manager
    (Communications)   

    Press Release: 2025-2026/435

    MIL OSI Global Banks

  • MIL-OSI New Zealand: Supercharging science to inspire next generation

    Source: New Zealand Government

    The Government is ensuring all Year 0 to 8 students have access to high quality, hands-on science kits through Budget 2025, helping pave the way for New Zealand’s future scientists, problem-solvers, and innovators.

    “We want students to love learning about science. Hands-on learning improves critical thinking and science understanding, which are essential for student success in STEAM (Science, Technology, Engineering, Arts and Mathematics). This investment will help lift science engagement and achievement in classrooms across the country and inspire our future meteorologists, marine biologists and software engineers,” Education Minister Erica Stanford says.

    Budget 2025 is investing $39.9 million over four years into developing and delivering science kits for schools nationwide. The kits will be designed to support teachers to confidently deliver practical science learning, aligned with the new science curriculum. Teachers using the kits will also have access to professional development modules to support the use of the new resources in their classrooms.  

    “These practical resources, include hands on experiments and engaging equipment for each year level of the Year 0-8 curriculum.  The kits will help students build their foundational knowledge and skills early and help bring science to life.

    The kits will undergo development and begin to be available from the start of the 2026 school year. They will also be available in te reo Maori, with dedicated pūtaiao kits and bilingual resources available to meet the needs of all learners. 

    “This initiative directly supports the Government’s economic growth agenda by investing in the future talent pipeline that will drive productivity, boost wages and power a more competitive and resilient economy. These benefits will positively impact sectors like agritech, clean energy, biotech and advanced manufacturing, where kiwi innovation already leads the world. 

    “We want our children to be excited by science, to be captured by hands on learning so that we are inspiring the next generation of creators, inventors and great problem solvers,” Ms Stanford says.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Police recover 365 pieces of pounamu, West Coast

    Source: New Zealand Police

    West Coast Police have recovered 365 pieces and boulders of pounamu that had been stolen from the Jackson River, following a report made by a member of the public.

    On Wednesday 28 May, Inspector Tracey Wharehoka was notified by Te Rūnanga o Makaawhio, representing the local hapū Ngāi Māhaki, located in South Westland, that a vehicle had reportedly been seen heading up the river by a member of the public, and it appeared the occupants were collecting pounamu.

    Public fossicking for pounamu is only allowed on beaches. Rivers are able to be fossicked by Ngāi Tahu members, but only with a permit from their local hapū to do so legally, which the people linked to the vehicle and trailer did not have.

    With some quick discussion, a decision was made to deploy staff from Franz Joseph to locate and intercept the vehicle.

    Police were successful in stopping the vehicle and recovered the stolen pounamu. This matter will be continued to be investigated and through the resolution process the pounamu will be returned to the hapū.

    Inspector Wharehoka says Police take pride in working alongside local hapū, and the theft of pounamu is treated with the same value and mindset that would be taken with other stolen property.

    “We are pleased we were able to move quickly and intercept these alleged thieves in the act.

    “People are often under the impression that because some of these West Coast locations are remote, no one else is watching.

    “This incident proves that is simply not true, and our tight-knit community have their eyes and ears switched on for any unusual activity.”

    Te Rūnanga o Makaawhio chairman, Paul Madgwick expressed the thanks of the iwi for the swift response of Police for what has been an ongoing problem with theft of their taonga, especially in these remote areas.

    “While the Vesting Act confirms that all pounamu is owned by Ngāi Tahu, our respective pounamu management plans provide an opportunity for the public to fossick freely on the beaches, and also recognise the right of Ngāi Tahu members to collect pounamu themselves, within boundaries.

    “Anyone who is unsure of the rules around pounamu gathering, or has pounamu in their possession and is unclear about ownership, whether they’re the general public or Ngāi Tahu whanau, is urged to reach out to the local Rūnanga to understand what is permissible.”

    Inspector Wharehoka says the protection and recovery of pounamu is just as much about education and knowledge as it is about detection and enforcement.

    Two men, aged in their 30s were spoken to at the time of the incident. Police are investigating the matter and charges are being considered.

    “We will continue to work with local iwi and those involved for the best action and outcome for all,” says Inspector Wharehoka.

    ENDS

    Issued by Police Media Centre

    MIL OSI New Zealand News