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Category: Asia Pacific

  • MIL-OSI China: 10 people killed in powerful earthquake in Myanmar

    Source: China State Council Information Office

    This photo taken on March 28, 2025 shows damage to the walled fort of Mandalay Palace after the earthquake in Mandalay, Myanmar. [Photo/Xinhua]

    At least 10 people were killed when a mosque collapsed in Mandalay after a strong earthquake hit Myanmar on Friday, according to local media outlet Khit Thit.

    The earthquake, with a magnitude of 7.7, jolted 16 km NNW of Sagaing, Myanmar earlier in the day, the U.S. Geological Survey said.

    The epicenter, with a depth of 10.0 km, was initially determined to be at 22.01 degrees north latitude and 95.92 degrees east longitude.

    The quake caused “considerable damage” to some buildings, including the walled fort of Mandalay Palace.

    Multiple structures in Mandalay Region suffered collapses, while several roads linking Mandalay and Yangon were damaged or blocked, disrupting transportation.

    Xinhua reporters in Yangon reported that the tremors were strongly felt in the capital of Nay Pyi Taw and the largest city of Yangon. Some schools and office buildings in Nay Pyi Taw were also reported to have crumbled.

    The Myanmar Fire Service Department said that a rescue operation has been conducted in response to the earthquake.

    Following the earthquake, Xinhua reporters in Vientiane, capital of Laos, Bangkok, capital of Thailand, and Hanoi, capital of Vietnam reported that strong tremors were felt in those areas as well.

    Thai Prime Minister Paetongtarn Shinawatra announced a state of emergency in Bangkok.

    A 30-story building under construction collapsed in the Thai capital, resulting in one death and leaving 43 others missing.

    In Vientiane, buildings above three stories experienced noticeable shaking, with residents in high-rise buildings feeling intense swaying indoors.

    In Hanoi and Ho Chi Minh City, residents living in high-rise buildings also experienced noticeable shaking while at home.

    MIL OSI China News –

    March 28, 2025
  • MIL-OSI United Kingdom: The UK commends the historic border agreement between Kyrgyzstan and Tajikistan: UK statement to the OSCE

    Source: United Kingdom – Executive Government & Departments 3

    Speech

    The UK commends the historic border agreement between Kyrgyzstan and Tajikistan: UK statement to the OSCE

    Connor Creeley (UK Delegation to the OSCE) praises the landmark border agreement between Kyrgyzstan and Tajikistan, which resolves decades of conflict and instability along their shared border.

    Thank you Chair.   

    The UK commends this historic border agreement between Kyrgyzstan and Tajikistan. Since the 1990s, there have been repeated outbreaks of violence over the long, shared border. After the most recent clash in September 2022, both governments agreed that enough was enough and began negotiations to resolve the conflict. Through hard work and patient cooperation, a decades-long issue – and source of instability for Central Asia – has now been resolved, with the border delineated.  

    We note positively that both states achieved this agreement without the need of any third-party mediators. Such actions by our fellow participating States help to reaffirm the OSCE commitments and uphold the Helsinki Final Act’s core principles of non-use of force, peaceful settlement of disputes and cooperation among States. We hope this peaceful resolution will help to promote stability throughout the region and serve as an example to the wider world.  

    I encourage both countries to support their local communities on the border. This agreement offers huge potential for regional integration and supports economic cooperation and development. We look forward to the resumption of cross-border trade and travel that will help to build people-to-people ties. The UK will continue to reiterate – in this Council and beyond – the importance of diplomacy to help resolve disputes. We look forward to a new era of cooperation between Kyrgyzstan and Tajikistan and the OSCE stands ready to support.  

    Updates to this page

    Published 28 March 2025

    MIL OSI United Kingdom –

    March 28, 2025
  • MIL-OSI Economics: Asian Development Blog: Empowering Women in Tourism: The Key to a Healthy, Resilient Industry

    Source: Asia Development Bank

    Empowering women in tourism through targeted policies can overcome barriers like limited finance and caregiving burdens, unlocking their potential to drive job creation, sustainable innovation, and economic and health resilience in times of crisis.

    Tourism has emerged as one of the fastest-growing sectors in Asia and the Pacific, with international arrivals reaching 87% of pre-pandemic levels in 2024. Women are a significant driving force in the tourism sector in Asia and the Pacific, constituting a majority of the workforce (52%). Micro-, small and medium-sized enterprises led by women are pivotal to generating jobs in tourism and spurring local development. 

    For instance, in Cambodia, the women’s labor force participation rate was 80% in 2019, and women constituted 60% of the tourism workforce, with many employed in small enterprises and involved in designing tours to promote culture, art, tradition, religion, food, souvenirs, and tourist attractions. 

    By contrast, the Maldives presents a stark contrast: home to over 160 island resorts, it has only 10% female resort employees and a mere 3% local women in 2019. In Kyrgyzstan and Tajikistan, women are predominantly employed in hospitality, tours and artisanal crafts. The tourism industries in these countries are also male dominated, with Tajikistan’s employing 31% women.

    Despite this diversity in national contexts, women workers and women-led small businesses face similar challenges in the tourism industry across Asia’s developing countries. 

    Even in countries with higher female participation, such as Cambodia, women are overrepresented in low-paid, low-skilled, and often temporary or part-time jobs that heighten job insecurity, financial instability, and a wage gap. This is a common phenomenon across developing Asian countries with lower female participation in tourism. 

    One of the reasons is societal expectations on women’s role as the primary caregivers at home. The significant burden on female entrepreneurs and workers to balance paid work with unpaid, domestic responsibilities restricts their ability to take more business risks and expand their networks. 

    A report from the International Labour Organization shows that women in Asia and the Pacific spend 4.1 times more time in unpaid care work than men. The resulting time scarcity and mobility constraints faced by women impact their ability to participate in the labor market, grasp opportunities for career advancement, invest in and expand their businesses, and achieve financial independence. 

    These barriers also reinforce women’s lack of collateral required for loans that are essential to access to finance. Data shows that only 17%, 36%, and 49% of women own a house alone or jointly in Maldives, Tajikistan, and Cambodia, respectively. This not only restricts their ability to borrow, invest, and grow tourism businesses but also affects broader aspects of their well-being, including nutritional security and access to healthcare.

    By offering diverse cultural insights and authentic travel experiences, women-led businesses enrich the global tourism landscape.

    Structural discrimination from financial institutions further limits women’s access to finance. These, in turn, reinforce women’s concentration in low-paying or less secure positions, while men tend to dominate managerial and leadership roles, intensifying these inequalities in tourism. 

    In addition to financial exclusion, women in tourism often face unsafe and precarious working conditions. The seasonal nature of tourism, poor working conditions faced by women in tourism, such as workplace safety and harassment, and insufficient social protection, including mental health support on overworking and childcare support, exacerbate these issues. Many women also work in the informal sector and family-owned tourism businesses with no employment benefits or safety nets. 

    Health and hygiene-related risks also disproportionately affect women in tourism. The lack of access to proper sanitation facilities, clean water supply, and hygiene amenities at tourism workplaces could pose risks to women’s health and safety, such as their vulnerability to reproductive and urinary tract infections, privacy and violence concerns when using shared facilities, and challenges in managing menstrual hygiene. 

    These vulnerabilities were worsened during the COVID-19 pandemic, which caused an economic shock in the tourism industry that led to business closures and job losses. Also, it has increased unpaid care work and exposed the vulnerability of women entrepreneurs who often do not have sufficient financial reserves and support mechanisms to weather such crises.

    Despite these challenges, women in the tourism industry have demonstrated resilience and innovation. In Kyrgyzstan and Tajikistan, women-led guesthouses, tour companies, and handicraft cooperatives have gained recognition for promoting personalized services and cultural heritage, attracting both domestic and international tourists and contributing to local economies.

    Women can be agents of change for sustainable tourism, promoting culturally sensitive and innovative solutions. Examples of empowerment that help address inequalities and improve health and economic outcomes include: 

    Increasing opportunities for women in national tourism, health, and economic policies: A multisector approach to policymaking may ensure that women have equal opportunities, compensation, and support to thrive in the industry. Enhanced maternal, sexual, and reproductive health services are needed. The Tajikistan National Development Strategy 2030, which explicitly calls for the equal treatment of women in the labor market, is a promising initiative. 

    Creating a safe and healthy work environment for women: Addressing workplace safety, harassment, and discrimination in both public and private sectors can help women feel secure and supported. Improving health and security standards may also attract more solo and group female travelers. 

    Reducing barriers to obtaining loans and credit: Microfinance programs and financial products tailored to women may promote women’s access to finance for investing in and expanding their businesses, adopting new technologies, bolstering marketing efforts, and keeping businesses afloat when visitor numbers decline.

    Targeted training programs and capacity-building initiatives: Networks, mentorship, legal aid, counselling services, and digital training may provide support and resources for women to navigate challenges and enhance their business skills.

    Improved sex-disaggregated data for real-time, evidence-based policymaking: Women in tourism contribute to a large sector.

    By accurately quantifying the scope of female entrepreneurship in tourism, officials can craft targeted interventions that bolster women’s rights, strengthen community resilience, and safeguard the natural assets that underpin local economies.  

    In the end, empowering women entrepreneurs in tourism benefits not only the individuals who own and operate these businesses, but also entire communities seeking inclusive, healthy, and resilient growth.  

    By offering diverse cultural insights and authentic travel experiences, women-led businesses enrich the global tourism landscape—while underscoring that economic development is most sustainable when it lifts everyone. 
     

    Maria Gisela Orinion, Kyi Thar, and Marjorie van Strien contributed to this blog post.

    MIL OSI Economics –

    March 28, 2025
  • MIL-OSI China: Global South’s modernization in focus at Boao Forum

    Source: China State Council Information Office

    The Boao Forum for Asia International Conference Center in Boao, Hainan province, March 26, 2025. [Photo by Xu Xiaoxuan/China.org.cn]

    Over the past two decades, Global South countries have contributed nearly 80% of world economic growth, solidifying their role as a key driver of global development. Their growing influence has made them a focal point at the 2025 Boao Forum for Asia Annual Conference, held from March 25 to 28 in Boao, south China’s Hainan province.

    At a panel discussion during the forum on March 26, experts explored the diverse paths to modernization for the Global South, emphasizing collaboration, self-reliance and inclusive development.

    Xiaojun Grace Wang, trust fund director at the U.N. Office for South-South Cooperation (UNOSSC), highlighted the varied modernization trajectories of these nations. “Each country has distinct concerns and priorities. Least developed nations and small island states, for instance, have unique considerations,” Wang noted. “We must listen to their collective voices, recognize their varying stages of development, and acknowledge that real strength comes from unity amid diversity.”

    She emphasized that cooperation should extend beyond the traditional North-South divide. “We must leverage the expertise and technology of developed nations,” she said, stressing that collaboration in diversity is key.

    Kirill Babaev, director of the Institute of China and Contemporary Asia of the Russian Academy of Sciences, underscored the shared aspirations of Global South nations despite their regional differences. “From the Eurasian Economic Union and Shanghai Cooperation Organization to ASEAN and the Gulf Cooperation Council, these nations share common values in globalization, forming the foundation for a broader global economic mainstream,” he said.

    Zheng Yongnian, dean of the School of Public Policy at the Chinese University of Hong Kong, Shenzhen, identified two major challenges facing the Global South. The first is internal: “These countries often express concerns but struggle to translate them into concrete actions,” he observed. The second challenge is external, particularly disruptions to the global trade system initiated by U.S. President Donald Trump’s administration. “If globalization is hindered, poverty will deepen, leading to instability,” he warned.

    Zheng also criticized Western-style modernization for its exclusiveness and lack of inclusiveness. He argued that while Western nations have achieved prosperity, they have not actively helped poorer countries develop. “Economic disparity is detrimental to human rights,” he stated.

    Citing a Chinese proverb — “in adversity, perfect oneself; in success, perfect all under heaven” — Zheng said that this philosophy is reflected in China’s modernization approach. China worked hard to develop when it was poor and now seeks to assist other nations through initiatives like the Belt and Road Initiative and the New Development Bank, he explained.

    Danny Quah, dean of the Lee Kuan Yew School of Public Policy at the National University of Singapore, stressed the importance of self-reliance. “Global South countries must demonstrate leadership in their own development,” he said.

    Quah underlined that economic growth and capacity building are essential for ensuring these nations control their own destinies. True development, he added, involves creating value — building infrastructure, improving public health, and unlocking the creativity and potential of people.

    MIL OSI China News –

    March 28, 2025
  • MIL-OSI China: Consumer expo expected to be biggest ever

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

    The upcoming fifth China International Consumer Products Expo, to be held from April 13 to 18 in Haikou, Hainan province, is expected to attract the highest number of participants compared with past editions, which points to the confidence of global consumer enterprises in China, the Ministry of Commerce said.

    The event, the largest consumer goods expo in the Asia-Pacific region, will become China’s first significant international expo this year, and an important platform for the country to further boost consumption and expand high-quality development, said the ministry, the co-organizer of the expo.

    In the recently delivered Government Work Report, boosting consumption was listed as a top priority among this year’s tasks.

    “This year, the expo is expected to attract the participation of more than 1,700 companies and over 4,100 brands from 71 countries and regions. This scale far exceeds the previous four editions,” said Sheng Qiuping, vice-minister of commerce, at a news conference in Beijing on Thursday.

    Hainan Free Trade Port is a pioneer in China’s opening-up efforts. An FTP system focused on trade and investment liberalization as well as facilitation will be “basically established” in Hainan by 2025, according to the plan.

    The holding of the consumer expo, coupled with the policies of the FTP, is expected to help drive the growth of duty-free shopping, catering, accommodation, and tourism consumption in Hainan, promoting its development into a globally influential tourism and consumption destination, the ministry said.

    This year, the United Kingdom will serve as the guest of honor, and the UK, France, Switzerland and Slovakia will showcase their products in the form of national exhibition groups, according to the local government of Hainan.

    In addition, different provinces and cities across the country will showcase popular domestic products and time-honored brands. In addition to the exhibition of products, services consumption — such as healthcare and wellness, sporting events and artificial intelligence — will also be highlights of the event this year.

    “With the hosting of four editions of the consumer expo, international consumer enterprises have increasingly felt the charm of the Hainan FTP and felt that the door of China’s reform and opening-up is opening increasingly wider,” said Gu Gang, vice-governor of Hainan.

    In the first two months, total retail sales of consumer goods in China reached 8.37 trillion yuan ($1.15 trillion), up 4 percent year-on-year, and the growth rate was 0.5 percentage point higher than the whole year figure of last year, the ministry said.

    MIL OSI China News –

    March 28, 2025
  • MIL-OSI Banking: Special Clearing Operations on March 31, 2025

    Source: Reserve Bank of India

    RBI/2024-25/134
    CO.DPSS.RPPD.No.S1278/03-01-002/2024-2025

    March 28, 2025

    The Chairman and Managing Director / Chief Executive Officer
    All Scheduled Commercial Banks including Regional Rural Banks /
    Urban Co-operative Banks / State Co-operative Banks /
    District Central Co-operative Banks / Local Area Banks / Payment Banks /
    Small Finance Banks / National Payments Corporation of India

    Madam / Dear Sir,

    Special Clearing Operations on March 31, 2025

    A reference is invited to the circular issued by Department of Government and Bank Accounts (DGBA) vide CO.DGBA.GBD.No.S1003/42-01-029/2024-2025 dated March 17, 2025 addressed to all the agency banks on Annual Closing of Government Accounts –Transactions of Central/State Governments – Special Measures for the Current Financial Year (2024-25).

    2. Normal clearing timings under Cheque Truncation System (CTS) as applicable to any working “Monday” shall be followed on March 31, 2025. Further, to facilitate accounting of all the Government transactions for the current financial year (2024-25) by March 31, 2025, it has been decided to conduct Special Clearing under CTS exclusively for Government Cheques on March 31, 2025 as detailed below:

    Date Presentation Session Return Session
    March 31, 2025
    (Monday)
    17:00 Hours to 17:30 Hours 19:00 Hours to 19:30 Hours

    3. It is mandatory for all banks to participate in the special clearing operations on March 31, 2025. All the member banks of CTS are also required to keep their inward clearing processing infrastructure open during the Special Clearing hours and maintain sufficient balance in their clearing settlement account to meet settlement obligations arising out of the Special Clearing.

    4. Member banks are advised to adhere to the instructions contained in this circular as well as instructions issued by the President of the National Grid Clearing House. Member banks may also be guided by the circular NPCI/2016-17/CTS/Circular No.32 dated October 3, 2016 issued by NPCI regarding clearing type for instruments to be presented in Special Clearing sessions.

    Yours faithfully,

    (Sudhanshu Prasad)
    Chief General Manager

    MIL OSI Global Banks –

    March 28, 2025
  • MIL-OSI Banking: Assessing the Enabling Environment for Disaster and Pandemic Risk Financing: A Country Diagnostics Tool Kit

    Source: Asia Development Bank

    Designed as a tool kit, it considers the impacts of COVID-19, analyzes the enabling environment for disaster risk financing, and considers the role capital markets, insurance, and other risk transfer instruments can play. Providing questionnaires and resources to calculate financial protection against disasters and identify gaps, the publication shows how a layered risk strategy can help bolster financial resilience and protect development gains.

    MIL OSI Global Banks –

    March 28, 2025
  • MIL-OSI Economics: ATAGS procurement to strengthen India’s firepower capabilities, says GlobalData

    Source: GlobalData

    Following the news that India has signed a contract for the procurement of 307 Advanced Towed Artillery Gun Systems (ATAGS);

    Harsh Deshmukh, Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view:

    “The procurement of 307 ATAGS and 327 towing vehicles signed with Bharat Forge and Tata Advanced Systems for Rs. 6,900 crore ($820 million) will significantly expand India’s fleet of indirect firepower delivery platforms. Capable of delivering precise long-range strikes at a rate of 5 rounds per minute, these indigenous 155mm howitzers will substantially enhance the Indian Army’s firepower, while bolstering the country’s autonomy in defense manufacturing. The towing vehicles, which are part of the current procurement program, will enable swift deployment of the ATAGS units.

    “The escalating tensions along India’s northern borders, particularly with China which deployed advanced artillery like the PCL-181 in the high-altitude regions, highlight the need for India to strengthen its land-based firepower. China’s rapid military modernization, particularly its emphasis on mobile and long-range artillery systems, has heightened the urgency for India to address threats of potential conflicts in regions such as Ladakh, which has already witnessed deadly skirmishes in the past. Similarly, along the Pakistan border, where sporadic fire exchanges between the two sides are not uncommon, ATAGS offers a decisive edge. Its long-range capability ensures deeper strikes into enemy territory, enhancing the Indian Army’s operational reach.

    “According to GlobalData’s “Artillery Systems Market Size and Trend Analysis Including Segments, Programs, Competitive Landscape and Forecast to 2034,” India is expected to invest over $5.3 billion on procuring various types of towed artillery systems over the next ten years, reflecting its focus on enhancing its land-based combat capabilities through indigenous procurement.

    “The ATAGS will be complementing the in-service airlift capable M777s and the self-propelled K9 Vajras. This mix of artillery deployment enhances the Indian Army’s flexibility in a dynamic mission environment along the borders. With ATAGS already exported to Armenia, India will also continue to look to for export opportunities for this potent platform in international markets in order to keep the production cost down through economies of scale.”

    MIL OSI Economics –

    March 28, 2025
  • MIL-OSI Economics: India VC funding landscape shows promising growth in early 2025, outpacing global trends, says GlobalData

    Source: GlobalData

    India VC funding landscape shows promising growth in early 2025, outpacing global trends, says GlobalData

    Posted in Business Fundamentals

    India’s venture capital (VC) ecosystem has outpaced global trends, recording a strong growth during January–February 2025 with a staggering around 40% year-on-year (YoY) jump in funding value and around 11% increase in deal volume. This surge highlights India’s resilience and underscores growing investor confidence in the country’s dynamic and innovation-driven startup landscape, reveals GlobalData, a leading data and analytics company.

    When compared to global trends, India’s performance stands out significantly. While global VC deal volume declined by nearly 9% YoY during January–February 2025, India bucked the trend with an 11% uptick in deal activity. Even more striking was the 40% surge in funding value—more than double the global growth rate of approximately 17%—further cementing India’s position as a bright spot in the global VC landscape.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “This growth reflects a thriving startup environment, where innovative ideas are increasingly attracting the attention of VC firms. This substantial rise in value not only highlights the growing confidence of investors but also the increase in average deal size.”

    Consequently, India continues to remain among the top five markets for VC funding activity in the word and with the notable increase in both deal volume and value, India is further solidifying its position as a key player in the global startup ecosystem.

    An analysis of GlobalData’s Deals Database revealed that India accounted for around 9% share of the total number of VC deals announced globally during January-February 2025 while also accounting for more than 4% share of global value.

    Bose concludes: “India’s growth trajectory underscores its unique position as a hub for innovation. The significant growth in both VC deal volume and value indicates that investors are increasingly recognizing the potential of Indian startups to deliver innovative solutions across various sectors. This trend is likely to continue as more entrepreneurs emerge with groundbreaking ideas.”

    Note: Historic data may change in case some deals get added to previous months because of a delay in disclosure of information in the public domain.

    MIL OSI Economics –

    March 28, 2025
  • MIL-OSI Economics: Result of the 5-day Variable Rate Repo (VRR) auction held on March 28, 2025

    Source: Reserve Bank of India

    Tenor 5-day
    Notified Amount (in ₹ crore) 1,00,000
    Total amount of bids received (in ₹ crore) 38,423
    Amount allotted (in ₹ crore) 38,423
    Cut off Rate (%) 6.26
    Weighted Average Rate (%) 6.28
    Partial Allotment Percentage of bids received at cut off rate (%) NA

    Ajit Prasad           
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2493

    MIL OSI Economics –

    March 28, 2025
  • MIL-Evening Report: Tobacco excise revenue has tanked amid a booming black market. That’s a diabolical problem for the government

    Source: The Conversation (Au and NZ) – By Fei Gao, Lecturer in Taxation, Discipline of Accounting, Governance & Regulation, The University of Sydney, University of Sydney

    Tuesday night’s federal budget revealed a sharp drop in what was once a major source of revenue for the government – the tobacco excise.

    This financial year, the government expects to earn revenue from the tobacco excise of A$7.4 billion. That’s down sharply from $12.6 billion in 2022–23, and an earlier peak of $16.3 billion in 2019–20.

    The government expects this downward trend to continue. Australia’s heavy tobacco taxation has driven many consumers towards illicit cigarettes.

    But this is more than just a problem for government coffers accustomed to revenue from the tobacco tax.

    It presents a major challenge for a public health policy that has long relied on increasing tobacco excise duty as its primary tool to reduce smoking.




    Read more:
    The 2025 budget has few savings and surprises but it also ignores climate change


    Climbing tax rates, falling revenue

    If government revenue from tobacco is falling, it isn’t because we aren’t trying to tax it. Cigarette prices in Australia are among the highest in the world, with taxes making up a substantial chunk of the price.

    About $1.40 of the cost of each cigarette represents excise duty. GST is payable on top of that.

    Australia’s tobacco excise is indexed every March and September, in line with average weekly ordinary-time earnings.

    On top of indexation, the excise rate is currently being increased by
    an additional 5% each year, for a period of three years that began in September 2023.

    This policy is grounded in the principle that higher costs deter smoking.
    And smoking rates have fallen in recent decades. About 8% of Australians aged 14 and over still smoke daily, down from almost 20% in 2001.

    Some of that fall has been offset by the rapid ascent of vaping. About 7% of Australians use e-cigarettes – about half of whom vape daily.

    But while legal cigarette prices are prohibitively high for some, illegal alternatives are widely available and significantly cheaper. That’s because these unregulated products bypass excise and GST entirely.

    Vaping has soared in popularity as an alternative to smoking.
    Natali Brillianata/Shutterstock

    Unintended consequences

    The estimated value of illicit tobacco entering the Australian market has soared, from $980 million in 2016–17 to more than $6 billion in 2022–23. Of this $6 billion, almost $3 billion entered the market undetected.

    The actual decline in tobacco excise revenue, as exposed in the latest budget papers, has been much more significant than previously forecast.

    To make things worse, the cost of enforcement is rising. The 2025–26 federal budget allocates an additional $156 million over the next two years to combat illicit tobacco — on top of the $188 million committed in the previous budget.

    There are other broader impacts on overall tax revenue. Convenience stores lose legitimate sales to illegal tobacco vendors, resulting in less corporate tax income.

    Holding back broader public health efforts

    On other measures, Australia has long been a global leader in tobacco control. The first health warnings on cigarette packets appeared in 1973.

    In 2006, graphic health warnings were introduced. And in 2011, Australia pioneered plain packaging laws.

    Such public health measures are set to get even stronger this year, with new requirements for every individual cigarette sold to have an “on-product” health warning such as “causes 16 cancers” or “shortens your life”.

    These new regulations come into effect on April 1 2025, but retailers will have a three-month transition period to phase out existing stock.

    The tight transition period may prove challenging for the legitimate cigarette trade.

    But it is unlikely those who ply the unlawful trade in illegal tobacco – or their customers – will be particularly bothered by this latest attempt to wean the public off the habit.

    No easy solution

    The increasing heavy tobacco excise and the new law requiring warning messages on individual cigarettes have the potential to reduce tobacco consumption among those who purchase the product legally.

    However, suppliers of black-market cigarettes – who now comprise an estimated 18% of market share – are unlikely to allow this initiative to affect their illegal trade.

    The widespread move to vaping, with poor regulation, has further fuelled the black market for both products.

    It is going too far to draw parallels with the prohibition era in the United States, when the manufacture, transportation and sale of alcohol was illegal. This was a brief but disastrous experiment in social engineering with unfortunate and, in retrospect, arguably predictable consequences.

    But there are some unfortunate similarities when it comes to Australia’s tobacco tax policy, which has inadvertently encouraged black markets, criminality and organised crime.

    Yet for the government, lowering the excise tax to encourage smokers back to legal cigarettes would be completely out of step with its public health objectives. Legal or illegal, black-market cigarettes and vapes still contribute to health risks, undermining the public health goals behind regulatory controls.

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

    – ref. Tobacco excise revenue has tanked amid a booming black market. That’s a diabolical problem for the government – https://theconversation.com/tobacco-excise-revenue-has-tanked-amid-a-booming-black-market-thats-a-diabolical-problem-for-the-government-253329

    MIL OSI Analysis – EveningReport.nz –

    March 28, 2025
  • MIL-Evening Report: The Coalition has promised $400m for youth mental health. Young people told us what they need

    Source: The Conversation (Au and NZ) – By Bridianne O’Dea, Little Heroes Professor of Child and Adolescent Mental Health, Flinders University

    Ground Picture/Shutterstock

    Opposition Leader Peter Dutton has promised a Coalition government would spend an extra A$400 million on youth mental health services.

    This is in addition to raising the number of subsidised psychology sessions from ten to 20, which had been previously announced.

    While extra funding for youth mental health is welcome, it’s important to target this in ways that will make a real difference to young people.

    In our recent research, we asked young people about their experiences of waiting for mental health support, how they coped in the meantime, and what would really make a difference while they waited.

    Rates of mental illness rising

    An estimated one in seven Australian children and adolescents had a mental illness in the past 12 months. Rates of mental illness have also increased over time, particularly among younger generations.

    The COVID pandemic led to a rapid rise in the number of children and young people seeing their GP for mental health problems. Visits for depression rose by 61% and eating disorders by 56% compared with before the pandemic.

    The number of visits to the emergency department in New South Wales for self-harm, or plans or thoughts about suicide, have also increased since COVID.

    The annual Mission Australia Survey reveals young Australians see mental health as one of their biggest challenges, with thousands calling for more support.

    But there are long waits for care

    Despite the greater demand for mental health treatment in Australia, there is very little information on how long young people wait to access it.

    The Australian Psychological Society reported that during the pandemic, 88% of psychologists increased their wait times and one in five were not taking on new clients. This meant about half of people waited more than three months to begin psychological treatment. But this is for clients of all ages.

    There is also little information on how young people experience the wait for treatment.

    We asked young people about the wait for care

    We recently published research on the wait times for mental health treatment for Australian teens.

    We asked 375 young people aged 13–17 about the mental health care they have tried to access for their anxiety and depression and how long they waited to start treatment. We also asked them about their mental health while they waited, what helped them cope, and the types of support they received.

    We found that on average, teens were waiting more than three months for their first session of treatment. Most teens waited to access psychologists and psychiatrists after a GP referral.

    While their wait times varied, nearly all teens felt they waited “too long”.

    Longer wait times were linked to poorer mental health, with more than 90% of teens reporting high distress while they waited. Many of the teens felt their feelings of worry and sadness had worsened and they had used risky and unhealthy ways to cope, such as spending more time alone, sleeping more, self-harming, and using alcohol and other drugs.

    Most teens did not receive any support from their health-care providers during the wait time, despite wanting it.

    One female 17-year-old had waited six months for treatment and told us:

    It felt like I was hanging over a cliff and was just told to hold on.

    Teens also felt their parents would benefit from greater support during the wait time. But we need more research to better understand how to help families.

    Together, these findings show we desperately need to address wait times for young people’s mental health treatment.

    Teens know the support they need

    If teens are to wait for mental health treatment, they told us they need support while they do so.

    Young people wanted more regular contact and “check-ins” from their service providers, someone to talk to during the wait, as well as more useful information on positive ways to cope.

    Most teens in our study used digital mental health tools – such as mental health websites, online mental health checks, mobile apps, online chat services and forums – while they waited.

    We’re developing digital mental health tools, in consultation with young people and GPs, to support doctors to care for their teen patients when treatment isn’t available right away. We’re testing the system of short digital mental health programs, supportive text messages and peer support in NSW this year.

    But not all teens we surveyed found digital mental health tools helpful. So we need to offer teens a range of supports – from their family, their GP, and from their referred service provider – to help them cope while they wait for treatment.

    What can governments do?

    We must carefully consider when, where and how mental health funds are invested. If governments wish to see more young people treated for their mental health problems, then we need to look at how our health-care system will cope with the growing demand.

    We also need national, transparent benchmarks for how long young Australians wait for mental health treatment. Only some health services in Australia have this. Other countries, such as the United Kingdom, have something similar to minimise the health risks of young people waiting too long for care.

    Ultimately, though, we need to prevent mental health issues from starting in the first place. That would reduce the need for treatment, the very type young Australians are waiting too long for.


    If this article has raised issues for you, or if you’re concerned about someone you know, call Kids Helpline on 1800 55 1800 or Lifeline on 13 11 14.

    Bridianne O’Dea is supported by a National Health and Medical Research Council (NHMRC) Medical Research Future Fund (MRFF) Investigator Fellowship (1197249) and a MRFF Millions Minds Mental Health Grant (2035416). Bridianne O’Dea received funding from the Buxton Family Foundation, Australian Unity, the Frontiers Technology Clinical Academic Group Industry Connection Seed Funding Scheme and the UNSW Medicine, Neuroscience, Mental Health and Addiction Theme and SPHERE Clinical Academic Group Collaborative Research Funding to conduct this research. Bridianne O’Dea is a member of the Australian Society for Mental Health Research and the International Society for Research on Internet Interventions. Bridianne O’Dea’s current work has received pro bono support from Deloitte Digital Australia.

    – ref. The Coalition has promised $400m for youth mental health. Young people told us what they need – https://theconversation.com/the-coalition-has-promised-400m-for-youth-mental-health-young-people-told-us-what-they-need-253328

    MIL OSI Analysis – EveningReport.nz –

    March 28, 2025
  • MIL-OSI China: China-Laos Railway facilitates cross-border travel

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

    KUNMING, March 28 — The China-Laos Railway has safely handled over 50 million passenger trips since its launch on Dec. 3, 2021, according to the railway operator.

    A flagship project within the framework of the China-proposed Belt and Road Initiative, the 1,035-km railway links Kunming of southwest China’s Yunnan Province and the Laotian capital of Vientiane. It has significantly enhanced regional connectivity, boosted regional economic growth, facilitated people-to-people and cultural exchanges, and demonstrated great development potential as a golden transport corridor.

    The China Railway Kunming Group Co., Ltd. said that as of Friday, it had operated 71,000 passenger train trips on the railway, serving more than 480,000 international travelers from 112 countries and regions worldwide.

    The railway operator has observed sustained growth in passenger traffic, with monthly ridership surging from 600,000 people during the initial operational phase to 1.6 million across the entire route.

    Railway authorities from China and Laos have partnered with tourism departments to promote international travel services along the railway, bringing vigor to tourism-related industries, including scenic spots, hotels, and restaurants near the route, according to the company.

    Moreover, the China-Laos railway’s service upgrades now feature multilingual support, including Chinese, Lao and English, through translation devices at stations and onboard trains, alongside health-focused amenities such as portable blood pressure monitors.

    MIL OSI China News –

    March 28, 2025
  • MIL-OSI Economics: New Development Bank priced USD 1.25 Billion 3-Year Benchmark Bond under EMTN Programme

    Source: New Development Bank

    On March 25, 2025, the New Development Bank (NDB) successfully priced a 3-year USD 1.25 billion benchmark bond paying an annual coupon of 4.375%, which will be issued on March 31, 2025, under the Bank’s Euro Medium Term Note Programme.

    The bond was met with strong demand from the investor community, with the final order book reaching approximately USD 2 billion.

    The transaction attracted 35 investors, with a well-diversified allocation across investor types: Bank Treasuries (67%), Central Banks/Official Institutions/Sovereign Funds (23%), Asset managers and others (10%). The issuance saw a geographically diverse investor base, with 82% of participants from Asia, 16% from EMEA, and 2% from the Americas.

    “Our successful issuance of the USD 1.25 billion 3-year benchmark bond reflects the strong confidence of investors in the New Development Bank’s financial stability and mandate,” said Mr. Monale Ratsoma, NDB Vice-President and Chief Financial Officer. “New Development Bank’s funding strategy is designed to ensure that the Bank has the necessary resources to meet our liquidity needs while keeping borrowing costs low. NDB is committed to strengthening its presence in bond markets, issuing in both hard currencies and the local currencies of our member countries.  By diversifying our funding sources across various markets and instruments, NDB is well-equipped to support its growing project portfolio.”

    Background Information

    New Development Bank was established with the purpose of mobilizing resources for infrastructure and sustainable development projects in BRICS and other emerging market economies and developing countries, complementing the efforts of multilateral and regional financial institutions for global growth and development.

    In December 2019, NDB registered its inaugural USD 50 billion Euro Medium Term Note Programme (EMTN Programme) in the international capital markets. The Programme has been rated “AA+” by Fitch and has been assigned “AA+” long-term and “A-1+” short-term issue ratings by S&P.

    MIL OSI Economics –

    March 28, 2025
  • MIL-OSI NGOs: Federal Election a decade-defining opportunity for change: Greenpeace

    Source: Greenpeace Statement –

    SYDNEY, 28 MARCH 2025 – As Australians prepare to go to the polls on May 3, Greenpeace Australia Pacific has called on all parties to deliver policies that will address the climate and nature crisis, and deliver a safe and prosperous future.

    “We are calling on politicians to secure a better future for Australians by delivering credible solutions to the cost of living crisis, and the dire situation facing our climate and environment,” David Ritter, CEO, Greenpeace Australia Pacific, said. 

    “As climate disasters cost Australians billions of dollars, heatwaves push temperatures to deadly highs with increasing frequency, and volatile gas prices wreak havoc on energy bills, it is clear that fossil fuels are harming our cost of living, health, and safety. 

    “Australia is also in an ecological crisis, with one of the world’s highest rates of extinction and deforestation, and devastating bleaching on the Great Barrier Reef and Ningaloo Reef. A healthy environment is at the foundation of our society—everything else depends on it. The loss of our natural heritage is not only a source of grief for nature-loving Australians, but a threat to our stability as a country. 

    “As all parties on the campaign trail pledge to address the cost of living crisis and deliver a better Australia for future generations, the credible policies will be the ones that protect nature and accelerate the transition towards cleaner, safer renewable energy,” said Mr Ritter. 

    Greenpeace Australia Pacific’s election asks include: 

    • A rapid transition to clean, affordable renewable energy and a faster phase out of coal, oil, and gas 
    • Laws that effectively protect nature, and provide independent oversight to make sure that development doesn’t go too far and destroy our precious, irreplaceable places. 
    • Enshrining greater protection for our oceans against threats like fishing, pollution, oil drilling and much more.

    Mr Ritter added: “Greenpeace is determined to ensure a safe and secure energy future for all. We’re alarmed by the Coalition’s plans to ‘approve a bucket load of gas’ and fast-track gas developments without due process. These would be a disaster for our climate, and precious places like Scott Reef. 

    “Peter Dutton’s nuclear energy plans are dangerous, expensive ploys that only prolong the use of coal and gas in our energy system, and bring the risk of a nuclear waste accident or meltdown into our communities. 

    “We are halfway through a critical decade for action on climate change, and urgent action is needed to protect our precious, life-sustaining environment. Australians deserve, and demand, elected leaders who will steer us towards a safe, thriving future for generations to come.”

    —ENDS—

    For more information or to arrange an interview please contact Vai Shah on 0452 290 082 or [email protected].

    Greenpeace Australia Pacific is a global independent campaigning organisation that uses peaceful protest and creative confrontation to expose environmental problems and promote solutions that are essential to a green and peaceful future.

    MIL OSI NGO –

    March 28, 2025
  • MIL-OSI NGOs: “Greedy, dangerous and desperate”: deep sea mining frontrunner turns back on Pacific for mining approval

    Source: Greenpeace Statement –

    SYDNEY, Friday 28 March 2025 — Greenpeace has slammed deep sea mining frontrunner The Metals Company (TMC) as ‘greedy, dangerous and desperate’ after it announced plans to bypass procedure at the International Seabed Authority (ISA) by applying for a mining licence under the US mining code, effectively turning its back on its Pacific sponsoring states.

    The announcement rocked the ISA in its penultimate day, with TMC due to have its mining application agenda item heard early Saturday (AEST). TMC’s decision to use the United States’ Deep Sea Hard Mineral Resources Act (DSHMRA) encourages an undermining of – and could be in breach of – international law[1].

    Shiva Gounden, Head of Pacific at Greenpeace Australia Pacific, said the move was a “kick in the guts” for the Pacific and threatens multilateralism.

    “TMC is showing its true colours – greedy, dangerous and desperate. It’s crystal clear that TMC has never cared about economic prosperity or jobs for the people of Nauru, Kiribati or Tonga, nor did it ever care about addressing the climate crisis. TMC has only ever cared about one thing: filling its own pockets with money made at the expense of our Pacific lifeblood – the ocean. The Pacific is not a commodity; the deep sea mining industry is pushing to exploit Pacific resources and communities for profit – it can’t keep happening.

    “This move risks leaving Nauru, Kiribati and Tonga high and dry, and is an insult to multilateralism. TMC has been trying to pressure the international community to meet its demands at the ISA, pressuring and manipulating Pacific governments with the promise of a brighter, greener future. Now the facade has crumbled, and TMC leaves behind a trail of broken promises.

    “Deep sea mining is in trouble. TMC may be taking the first chance it gets to turn its back on Nauru, and is taking any avenue to push through their desperate and dying agenda, in this case, even if it could breach international law. Desperation breeds deceit, and TMC has never been more desperate.”

    Currently, 32 countries have backed a moratorium or precautionary pause on deep sea mining, including Tuvalu, Palau, Solomon Islands, Marshall Islands, Fiji, the Federated States of Micronesia, Vanuatu and Samoa. Australia has not.

    Gounden added: “This isn’t the end of the road. What TMC has proven is that where there are cracks, there is crawlspace, and it has highlighted the need for a moratorium or precautionary pause.

    “The decision on the future of the ocean must be a process that centres the rights and voices of Pacific communities as the traditional custodians, not neocolonialist corporations. We are most effective when we work together, and the Pacific Ocean is calling for us to stand united now.”

    The ISA will meet for its final day today, where it is still expected to discuss what governments could do if TMC still puts in an application to the ISA without any rules in place.

    Leaders will have a crucial chance to show their support for ocean protection by supporting a moratorium on deep sea mining at the UN Ocean Conference, which will be held in Nice, France, just a few weeks before the ISA July Assembly. 

    —ENDS—

    For more information or to arrange an interview, please contact Kimberley Bernard on +61 407 581 404 or [email protected]

    Photos available in the Greenpeace Media Library

    Notes to Editor

    [1] The United Nations Convention on the Law of the Sea 1982 has 170 parties, which are the vast majority of all States. It is known as the constitution for the oceans. After the United States and others had various issues with the concluded convention and concluded a further Agreement (Agreement relating to the Implementation of Part XI of the United Nations Convention on the Law of the Sea of 10 December 1982) which is known as the 1994 Agreement which was specifically about deep-sea mining – Part XI of UNCLOS. The United States has signed the 1994 Agreement, and most countries agree that UNCLOS is customary international law, so the US is still bound by UNCLOS and particularly Part XI. UNCLOS has numerous crucial parts, addressing maritime boundaries, the freedom of navigation, management of fisheries, pollution, environmental protection and marine scientific research as well as deep-sea mining.

    MIL OSI NGO –

    March 28, 2025
  • MIL-OSI USA: Ways and Means members: Don’t cut programs that protect American workers, trade

    Source: United States House of Representatives – Congresswoman Linda Sanchez (38th District of CA)

    WASHINGTON – Ways and Means Trade Subcommittee Ranking Member Linda T. Sánchez (D-Calif.) and 13 of her committee Democratic colleagues today called on Labor Secretary Chavez-DeRemerto and U.S. Trade Representative Jamieson Greer to reinstate recently canceled international labor programs that are critical to protecting American workers and defending U.S. trade.

    The members also called on the administration to block any attempts by Elon Musk and DOGE to cut the Department of Labor’s International Labor Affairs Bureau (ILAB) staff and the programs they administer.

    “American trade policy relies on critical federal programs working overseas to challenge unfair competition from governments that commit egregious abuses in global supply chains,” the members wrote. “By eliminating these and other technical assistance projects, the Administration is surrendering an essential tool for leveling the playing field and holding our trade partners accountable. As Members of the Ways and Means Committee, with constitutional authority to oversee American trade policymaking, we strongly urge you to immediately reinstate canceled international labor programs in trade partner countries and fully fund ILAB to carry out its vital mission.

    In addition to Sánchez, the letter was signed by Representatives John B. Larson (D-Conn.), Danny K. Davis (D-Ill.), Suzan DelBene (D-Wash.), Judy Chu (D-Calif.), Gwen Moore (D-Wisc.), Brendan F. Boyle (D-Pa.), Donald Beyer (D-Va.), Dwight Evans (D-Pa.), Brad Schneider (D-Ill.), Jimmy Panetta (D-Calif.), Jimmy Gomez (D-Calif.), Steven Horsford (D-Nev.) and Tom Suozzi (D-N.Y.).

    Full text of the letter is available here and follows:

    March 21, 2025

    Secretary Chavez-DeRemer
    Secretary
    Department of Labor
    200 Constitution Ave NW
    Washington, DC 20210

    The Honorable Jamieson Greer
    Ambassador
    United States Trade Representative
    600 17th Street, NW
    Washington, D.C. 20508

    Dear Secretary Chavez-DeRemer and Ambassador Greer:

    As Members of the House Ways and Means Committee, we urge you to reinstate recently canceled international labor programs that are critical to protecting American workers and defending U.S. trade, and to also protect the U.S. Department of Labor’s International Labor Affairs Bureau (ILAB) staff and the programs they administer from further cuts. ILAB and its programs work to ensure that U.S. trade policy does not result in the outsourcing of good-paying American jobs to countries with lax labor protections. Our committee has consistently supported funding ILAB to ensure U.S. trade agreements and policies are enforced because American workers and businesses should never have to compete with goods subsidized by unfair trade practices, including forced labor and child labor. 

    ILAB’s projects around the globe are key to achieving a level playing field for American workers and ensuring that American consumers are not complicit in buying products tainted by forced or child labor overseas. For example, a recently canceled ILAB project in Uzbekistan, supported by a broad coalition of American apparel companies, has been instrumental in eliminating the systemic use of forced and child labor in the Uzbek cotton sector. Just last year, in one of dozens of such findings, ILAB raised awareness of the use of forced labor in Indonesian nickel mines, which have flooded the global market, placing domestic producers at a significant disadvantage. ILAB also works to address China’s efforts to profit from slave labor, playing a leading role in the U.S. government’s Forced Labor Enforcement Task Force that works with Customs and Border Protection to enforce the Uyghur Forced Labor Prevention Act. 

    As we begin the six-year review under the U.S.-Mexico-Canada Agreement (USMCA), we do so with an acute awareness that ILAB provides essential support to USTR to enforce the rules of the USMCA, including through dozens of cases brought under the Rapid Response Labor Mechanism, ensuring that companies in Mexico can’t undercut American jobs and manufacturers by skirting the USMCA’s labor requirements. As the eyes and ears of the U.S. Department of Labor abroad, ILAB is the lynchpin in our efforts to ensure that Mexico and other trading partners are playing by the rules. 

    American trade policy relies on critical federal programs working overseas to challenge unfair competition from governments that commit egregious abuses in global supply chains. By eliminating these and other technical assistance projects, the Administration is surrendering an essential tool for leveling the playing field and holding our trade partners accountable. As Members of the Ways and Means Committee, with constitutional authority to oversee American trade policymaking, we strongly urge you to immediately reinstate canceled international labor programs in trade partner countries and fully fund ILAB to carry out its vital mission.

    Sincerely,

    ###

    MIL OSI USA News –

    March 28, 2025
  • MIL-OSI USA: Brownley Hosts Roundtable with Veterans to Discuss Impact of VA Cuts

    Source: United States House of Representatives – Julia Brownley (D-CA)

    Washington, DC – Today, Congresswoman Julia Brownley (D-CA), Ranking Member of the House Veterans’ Affairs Subcommittee on Health, hosted a roundtable to hear from local veterans about the impacts they’re experiencing related to workforce cuts in the U.S. Department of Veterans Affairs.

    “The Trump Administration’s plan to cut over 80,000 employees at the Department of Veterans Affairs, in addition to the 2,400 VA employees who have already been terminated, is an alarming move that threatens the health and well-being of our nation’s veterans. These firings are a clear indication that this administration is not prioritizing the needs of the men and women who have bravely served our nation in uniform and is actively undermining the quality of care they receive,” said Congresswoman Brownley. “Today’s roundtable allowed me to hear firsthand from veterans and employees at the VA about the devastating impact of these cuts on their care and livelihoods.

    “With the VA already facing staffing shortages, terminating additional VA employees will inevitably worsen delays for healthcare and benefits and make it even harder for veterans to access the care they deserve. The loss of essential staff – from medical professionals to support workers – will disrupt services, increase wait times, and place even more strain on an already overwhelmed system. These terminations directly undermine the VA’s solemn mission to deliver the highest-quality care to those who have bravely served our nation in uniform.

    “I am extremely concerned about the lack of transparency surrounding these cuts,” continued Congresswoman Brownley. “The Trump Administration has failed to provide Congress with the basic information needed to understand the reasoning behind these cuts and their long-term consequences. It is unacceptable that we remain in the dark about how these decisions will affect the health, benefits, and care of our nation’s veterans.

    “Cutting resources at the VA, including staff, means cutting the care and services veterans rely on every day. These cuts aren’t just numbers on a budget sheet – they mean longer wait times for appointments, fewer doctors and nurses to provide care, and more veterans falling through the cracks. After serving our country, we shouldn’t have to fight for the healthcare and benefits we’ve earned,” said Richard Camacho, Co-Founder of the Vietnam Veterans of Ventura County.

    “Our commitment to our veterans should never be used as a bargaining chip to advance political agendas. Supporting the men and women who have served our nation must transcend partisan ideology because supporting veterans is always the right thing to do. We must do everything in our power to serve them as well as they have served us,” added Brownley.

    ###

    Issues: 119th Congress, Healthcare, Veterans’ Affairs

    MIL OSI USA News –

    March 28, 2025
  • MIL-OSI: Bitget Wallet’s Onchain Report: 46% Favor Crypto Payment for Speed, but Security Concern Slows Adoption

    Source: GlobeNewswire (MIL-OSI)

    SAN SALVADOR, El Salvador, March 28, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, a leading Web3 non-custodial wallet, has released its latest Onchain Report, revealing that 46% of users surveyed prefer crypto payments for speed, while 37% cite security risks as a key barrier. The global study, based on a survey of 4,599 users, uncovers how different regions and generations perceive crypto as a payment method, highlighting its potential and the obstacles that must be addressed for mainstream adoption.

    Regional adoption trends show that Africa (52%) and Southeast Asia (51%) lead in demand for faster payments, driven by limited banking access and high remittance costs. Latin America (41%) faces significant concerns over transaction fees, as crypto is widely used for cross-border payments. Meanwhile, North America & Oceania (36%) focus on seamless global transactions, while privacy concerns drive adoption in the Middle East (38%) and Western Europe (35%). Across regions, limited merchant acceptance (31%) continues to be a major barrier, preventing crypto from being a widely used everyday payment method.

    Generational differences reveal that Gen X (49%) prioritizes speed, while Millennials (42%) and Gen Z (39%) favor borderless transactions. Security concerns are highest among Gen X (42%), while Gen Z (36%) is more sensitive to transaction fees. While younger users are more willing to integrate crypto into their daily financial activities, usability challenges and a lack of financial infrastructure remain key hurdles for broader adoption.

    To bridge these gaps, Bitget Wallet has launched PayFi initiatives, integrating earning, sending, and spending into a seamless onchain financial ecosystem within a single platform. Users can stake stablecoins across multiple blockchains to earn passive yield while maintaining full control over their assets, seamlessly transact with crypto payments, and spend directly within Bitget Wallet on everyday goods, services, and travel bookings. By combining DeFi-powered yield generation with real-world payment capabilities, Bitget Wallet is transforming crypto from a speculative asset into a practical financial tool for daily use, ensuring users can manage their entire financial journey in one place.

    “Crypto payments are evolving, but for mainstream adoption, security, cost-efficiency, and usability must improve,” said Alvin Kan, COO of Bitget Wallet. “With PayFi, we’re redefining how people interact with digital assets — ensuring every transaction not only enables payments but also contributes to financial growth. By integrating crypto more seamlessly into everyday life, we aim to make digital finance truly accessible to billions worldwide.”

    For more details, please visit Bitget Wallet blog.

    About Bitget Wallet
    Bitget Wallet is the home of Web3, uniting endless possibilities in one non-custodial wallet. With over 60 million users, it offers comprehensive onchain services, including asset management, instant swaps, rewards, staking, trading tools, live market data, a DApp browser, an NFT marketplace and crypto payment. Supporting over 100 blockchains, 20,000+ DApps, and 500,000+ tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges, along with a $300+ million protection fund to ensure safety of users’ assets. Experience Bitget Wallet Lite to start a Web3 journey.

    For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook

    For media inquiries, please contact media.web3@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8b75d87a-2ff6-47b5-bf81-5f971e863d42

    The MIL Network –

    March 28, 2025
  • MIL-OSI New Zealand: Greenpeace – 40 years since evacuation due to US nuclear tests, Greenpeace and displaced Rongelap community honour commitment to nuclear and climate justice fight

    Source: Greenpeace

    Forty years since the Greenpeace ship the Rainbow Warrior evacuated the people of Rongelap Island to Mejatto due to decades of US government nuclear weapons testing, Greenpeace and the displaced Rongelap community have come together on the remote Pacific island to commemorate this significant moment in their shared histories.[1]
    Cathy Joel, one of three women who were present at the commemoration and the few remaining survivors of the 1954 Castle Bravo bomb – the US government’s largest ever nuclear weapons test – and was part of the Greenpeace evacuation to Mejatto, described her terror:[2]
    “I didn’t expect that I would be here as part of this very important event. I was six years old when the bomb exploded and I was so afraid. My father tried to comfort me but I was so frightened he couldn’t calm me down. The explosion was so bright, there were so many colours, it frightened me as I had not seen them before. I couldn’t explain it but all I knew was that I was so scared.
    “Three of us women are here [in Mejatto] and I was afforded the opportunity to speak on behalf of these survivors. I’d like to encourage all of you when looking at us, see us as a remembrance of what happened in 1954 when the bomb exploded. We encourage you to continue to stand together, be strong and live in harmony – that is our wish.”
    Called “Operation Exodus,” Greenpeace was tasked to relocate Rongelap’s entire population of 350 due to nuclear fallout from Castle Bravo, which rendered their home uninhabitable. In May 1985, over 10 days and taking three trips, the residents collectively dismantled their homes bringing everything with them, including livestock, and 100 metric tons of building material.
    Four decades later, the surviving Rongelap community is now spread across the Marshall Islands. Many travelled back to Mejatto for the commemoration, including those who were children during the evacuation, and prominent members of the Marshallese government. The Rainbow Warrior’s visit comes as Greenpeace entities were found liable for more than USD$660m in damages as part of a meritless SLAPP suit by fossil fuel giant Energy Transfer, aimed at silencing those fighting for justice and the right to peaceful protest.[3]
    Bunny McDiarmid, crew member during the 1985 Rainbow Warrior evacuation, and former Co-Executive Director of Greenpeace International from 2016-2019 said:
    “Forty years ago, the people of Rongelap stood up to the United States when they refused to take proper accountability and responsibility for the damage it had done. After undergoing years of health impacts from exposure to radiation, Greenpeace answered a call to help evacuate them from their once rich, but now contaminated home island. We continue to stand with the Marshallese community – as we do with other communities that suffer displacement and colonial exploitation – in their fight for justice for the nuclear weapons legacy, and for the threats they are already feeling from climate change.
    “The bonds between Marshall Islands and Greenpeace are very strong and have stood the test of time. They say we rescued them from a contaminated Rongelap, but the reality is that they rescued themselves – the Marshallese are the strong and brave people who took their future into their own hands and continue to do so. We cannot relocate the world – it is only through standing and acting together that we will make the needed difference that saves us all. In the fight for justice, our voices will not be silenced.”
    First displaced by nuclear fallout, the people of Mejatto – and across the low-lying Marshall Islands – are facing ‘threats from all sides’ as the climate crisis accelerates impacts to their homes, livelihoods, and cultures. Mejatto has been in drought for three months with once predictable seasonal rain failing to arrive, increasing extreme heat impacting health and food availability, and coastal erosion eating away the land.
    The Rainbow Warrior is in the Marshall Islands as part of a six-week mission across the country with a team of nuclear specialists onboard conducting independent research to support the government in its ongoing fight for nuclear justice and compensation; and to reaffirm its solidarity with the Marshallese people – now facing further harm and displacement from the climate crisis, and the emerging threat of deep sea mining in the Pacific.[4]

    MIL OSI New Zealand News –

    March 28, 2025
  • MIL-OSI New Zealand: Message to Health Minister – hear the voice of health unions if you want a better health system – PSA

    Source: PSA

    The PSA is urging Health Minister Simeon Brown to work closely with unions to ensure the health system delivers the better patient outcomes he constantly talks about.
    “We agree with the Minister on one thing – New Zealanders deserve a health system that ensures patients get timely, quality health care, but he’s going about it the wrong way,” said Fleur Fitzsimons, National Secretary for the Public Service Association Te Pūkenga Here Tikanga Mahi.
    “His announcement today does not mention the role of unions and our place in the health system.
    “We know the playbook here – keep running down the public health system to justify going down the slippery slope of privatisation where care based on need is replaced by ability to pay.
    “Any review must ensure the public health system is protected. Unions and health workers have a critical role to play in making sure we have a health system that delivers for New Zealanders. Workers know what needs to happen to improve delivery and right now they are saying the Government’s cuts are damaging health services.
    “This Minister is overseeing a system that is still laying off workers and one that needs more funding, far more than the Government is prepared to inject to recognise our ageing population and the rising cost of health care.
    “That’s the real issue here. And the Minister can start by reversing the planned deep cuts to the IT team at Health NZ Te Whatu Ora which keeps critical systems going in our hospitals.
    “Our message to the Minister is clear – work with us, fund the system properly and stop playing politics. The stakes are too high, patients’ lives are at stake.”

    MIL OSI New Zealand News –

    March 28, 2025
  • MIL-OSI New Zealand: Stats NZ information release: New Zealand cohort life tables: March 2025 update

    Source: Statistics New Zealand

    New Zealand cohort life tables: March 2025 update – 28 March 2025 – Cohort life tables track the mortality experience of people born in each year from 1876.

    Key facts
    Cohort life tables give the most authoritative measure of life expectancy, because they follow the mortality and survival of each birth cohort (people born in a specific year) at each age until death of the last survivor.

    Projections of remaining mortality enable a cohort life table to be completed when a birth cohort still has people alive. The results are based on National population projections: 2022(base)–2073.

    Life expectancy from the latest cohort life tables show that newborn:

    • boys born in the late 1870s (the earliest data available) could expect to live to around 51 years on average, and girls to around 55 years
    • boys born in the early 1960s (who are reaching 65-years-old) could expect to live to around 79 years on average, and girls to around 83 years
    • boys born in the early 2020s (the latest data available) could expect to live to around 88 years on average, and girls to around 91 years.

    Files:

    MIL OSI New Zealand News –

    March 28, 2025
  • MIL-OSI New Zealand: Stats NZ information release: Employment indicators: February 2025

    Source: Statistics New Zealand

    Employment indicators: February 2025 – 28 March 2025 – Employment indicators provide an early indication of changes in the labour market.

    Key facts
    Changes in the seasonally adjusted filled jobs for the February 2025 month (compared with the January 2025 month) were:

    • all industries – flat (up 1,157 jobs) to 2.36 million filled jobs
    • primary industries – up 1.0 percent (1,064 jobs)
    • goods-producing industries – down 0.3 percent (1,130 jobs)
    • service industries – flat (up 313 jobs).

    Files:

    MIL OSI New Zealand News –

    March 28, 2025
  • MIL-OSI New Zealand: Education – Record number of Māori and Pacific midwifery graduates at Ara – ARA Institute of Canterbury

    Source: Ara Institute of Canterbury

    There is no doubt the cohort of Māori and Pacific midwives at Ara Institute of Canterbury’s Autumn graduation are a special (and groundbreaking) group.
    Among the record 10 Māori and two Pasifika graduates, two had babies while studying and all are now either self-employed or joining the ranks at the hospitals and birthing units around the motu, with four already established in their own whānau Māori-focused practice.
    They began their Bachelor of Midwifery studies at the advent of Te Whatu Ora-funded Te Ara o Hine-Tapu Ora in 2021 – an initiative created to help address the need for more Māori and Pasifika midwives by providing pastoral care, academic and some financial support.
    Ara’s Te Ara o Hine-Tapu Ora liaison Jay Waretini said the impact of the size of the cohort and those coming in behind them was immense.
    “There is a real shortage of Māori and Pasifika midwives across the country so to have these graduates servicing the community is nothing short of significant,” she said. “We’re doubling the numbers. Each and every one will make a difference.”
    “They’ve overcome their barriers, jumped the hurdles, and grounded themselves to be able to cross that stage this week. I’ve never felt pride like this before.”
    Waretini acknowledged the significant support of Dr Kelly Tikao, and Ara academic Dr Jaqui Martin in the success of the programme, as well as the connections formed with Ngā Maia (the National Professional body for Māori Midwives), Māori Midwives ki Tahu (a regional body of Māori Midwives), and the Te Puawaitanga ki Otāutahi Trust kaupapa Māori organisation.
    “Our entire midwifery staff team has also held space and created change in response to what our ākonga Māori and Pasifika needs are. It’s a whole team effort,” she said.
    Toni Weiser, one of the four graduate wahine behind the new Ōhua Midwives practice said the whole class had a pact to ensure no-one was left behind.
    “We had each other’s backs. It felt like we wrapped a korowai of care around each other to ensure we all succeeded,” she said. “There were challenges, especially in the first year, but Jay brought us together, gave us strength and created a whānau vibe.”
    Study highlights for Weiser were the national Te Ara o Hine-Tapu Ora hui and fono when Māori and all Pasifika students came together with their peers to be immersed in culture and restore mauri.
    “We now have connections all over Aotearoa as we head into our practice. For me, finding people to lean into was huge as I evolved as a person through my degree,” she said.
    For all the celebration, both at a special gathering for whānau on Thursday night and at graduation on Friday, Waretini said there was still a way to go.
    “With Māori and Pasifika making up just 10% and 5% of all midwives respectively, the workforce crisis is not yet resolved. There is still work to do but we are in much better shape with this latest influx of Māori and Pasifika graduates.” she said.
    “Our profession has been eagerly awaiting their arrival.”

    MIL OSI New Zealand News –

    March 28, 2025
  • MIL-OSI New Zealand: Health and Politics – Workforce legislation review another attack on health workers – NZNO

    Source: New Zealand Nurses Organisation

    The Government’s reviewing of health workforce legislation represents another attempt to attack health professions and the health workforce, New Zealand Nurses Organisation Tōpūtanga Tapuhi Kaitiaki o Aotearoa (NZNO) says.
    NZNO Kaiwhakahaere says there is no basis to Health Minister Simeon Brown’s claims the current health workforce regulations were overly bureaucratic and slowed down access to care “making it harder for patients to get the services they need”.
    “There’s basically no evidence presented to suggest that there needs to be a change anywhere. It’s merely a set of ideological assertions. Where is the evidence of the problem that is being sought to be addressed?”
    Kerri Nuku says the Minister has got this wrong on many fronts including the inclusion of an understanding of tikanga Māori, the workforce crisis, and the level of competency required by health professionals.
    “Of course, the inclusion of an understanding of tikanga Māori is central to any profession in Aotearoa NZ and especially in health where the current underserving of Māori is a scandal.
    “We’ve actually got 50% of our nurses from overseas. We need to find work for the Internationally Qualified Nurses already in NZ and ensure they’re culturally competent instead of bringing in more.
    “New Zealand’s 1000 hours of clinical versus 800 hours in Aussie? How can it be a bad thing that we expect more of our nurses training?”
    The review’s suggestions are regressive and needed a rethink as it seems like a return to the now discredited changes of the 1980/90s where ideology trumped evidence, she says.

    MIL OSI New Zealand News –

    March 28, 2025
  • MIL-OSI New Zealand: Education – Ara graduation speaker shares triumph over ‘tricky times’

    Source: Ara Institute of Canterbury

    Jessica Westley and Shaun Raddock signed up for matching qualifications during Covid lockdowns while raising four “wonderful, energetic, neurodiverse children” then aged 3 to 13.
    Four years later, Jessica took centre stage to share her study experience at Ara Institute of Canterbury’s autumn graduation, with Shaun, just two papers behind her cheering her on.
    She paid tribute to the ‘incredibly understanding tutors and department heads’ who helped her achieve her Bachelor of International Tourism and Hospitality Management degree.
    “Those who have experience with neurodiversity know that every day can be a challenge, however, with their support we’ve managed to navigate the tricky times and appreciate the easier moments better,” she told those gathered.
    She said the degree was geared towards her ultimate dream to own and manage a tiny home tourist venture. “The boost to my confidence that achieving study awards and this qualification has given me is huge – proving to myself and my children that no matter your age or past experiences, if you set your mind to something, you can achieve anything.”
    Staff, students but also Ara’s partners and stakeholders in local industry were front of mind for Ara Executive Director Darren Mitchell.
    “We sincerely thank you for your ongoing support as we seek to transform lives through vocational education,” he said. “I know these graduates will be super keen to get out there and show our community how talented they really are.”
    Well over 900 attended Ara’s two Autumn ceremonies in the Wolfbrook Arena including hundreds receiving bachelor’s degrees, dozens of post-graduate qualifications, 19 master’s degrees and hundreds more diplomas and certificates.
    The biggest cohort was in Health Practice with 233 nurses, midwives, medical imaging professionals and other related graduates now equipped to contribute to New Zealand’s vital healthcare sector.
    They include Ara’s largest ever contingent of Māori and Pacific midwives, four of whom have already set up Ōhua Midwives, a practice specialising in the care of whānau Māori.
    One of the group, Toni Wiesler, said their plans formed while in their second year of study.
    “We all wanted to work together but couldn’t find a way and then we had a ‘lightbulb moment’ to start our own practice which was exciting and terrifying all at once.”
    Wiesler said the classmates added plans to the Ōhua Midwives kete over time and by the end of their study they were ready to go.
    “We had to rise above the doubts, but it was the best decision we ever made. We are looking to grow, and we can’t wait.”

    MIL OSI New Zealand News –

    March 28, 2025
  • MIL-OSI Economics: Result of the Daily Variable Rate Repo (VRR) auction held on March 28, 2025

    Source: Reserve Bank of India

    Tenor 5-day
    Notified Amount (in ₹ crore) 50,000
    Total amount of bids received (in ₹ crore) 85,380
    Amount allotted (in ₹ crore) 50,001
    Cut off Rate (%) 6.37
    Weighted Average Rate (%) 6.57
    Partial Allotment Percentage of bids received at cut off rate (%) 58.71

    Ajit Prasad           
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2491

    MIL OSI Economics –

    March 28, 2025
  • MIL-OSI Economics: RBI to conduct 5-day Variable Rate Repo (VRR) auction under LAF on March 28, 2025

    Source: Reserve Bank of India

    On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Repo (VRR) auction on March 28, 2025, Friday as under:

    Sl. No. Notified Amount
    (₹ crore)
    Tenor
    (day)
    Window Timing Date of Reversal
    1 1,00,000 5 11:30 AM to 12:00 Noon April 02, 2025
    (Wednesday)

    2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2492

    MIL OSI Economics –

    March 28, 2025
  • MIL-OSI Australia: Public Health Warning: Nitazenes found in counterfeit oxycodone tablets in NSW

    Source: Australian Green Party

    NSW Health is warning the community about the dangers of nitazenes following the detection of nitazenes in fake oxycodone tablets in NSW.
    The fake oxycodone tablets were found to contain N-desethyl isotonitazene, and have been described as green round tablets, marked ‘OC’ on the front and ‘80’ on the reverse, and lack a film coating.  
    Pharmacy-dispensed oxycodone, sold as the brand name Oxycontin, is now marked ‘ON’ instead of ‘OC’ and has a film coating.
    Nitazenes are extremely potent synthetic opioids which are more likely to suppress or stop breathing compared with other opioids.
    NSW Poisons Information Centre Medical Director Dr Darren Roberts said these drugs are extremely dangerous, as they can be hundreds of times more potent than oxycodone and can cause severe overdose or death.
    “Nitazenes are extremely potent and can vary widely in their strength,” Dr Darren Roberts said.
    “As they are illicit and unregulated, there is no way of knowing what type of nitazene is present or what dosage is being taken. The strength and contents can vary widely, even within the same batch.
    “It is extremely important that people recognise the signs of an opioid overdose, signs to look for include pin-point pupils, drowsiness, loss of consciousness, slowed breathing/snoring, and skin turning blue/grey.
    “It’s strongly recommended that anyone who uses illicit drugs carry naloxone,” Dr Roberts said.
    Nitazenes have been detected in fake tablets, such as oxycodone and benzodiazepines, and in drugs thought to be heroin or MDMA.
    Take home naloxone is a life-saving treatment which can temporarily reverse an opioid overdose, including with nitazenes.
    Nitazenes can last longer in the body than oxycodone, heroin and naloxone. Higher and repeated doses of naloxone may be required as well as hospital treatment.
    Anyone who uses naloxone should call Triple Zero (000) for an Ambulance immediately after use for follow up care. You won’t get into trouble for seeking medical care. If you feel unwell, or if your friend feels unwell, do something about it.
    Take home naloxone is available as an easy-to-use nasal spray or injection from some pharmacies and other health services. For more information on the take-home naloxone program visit: Your Room – Naloxone.
    Naloxone is available from NUAA via mail in a discreet package. Order via their online shop or call (02) 9171 6650.
    Anyone who has concerns about adverse effects from drugs should contact the NSW Poisons Information Centre on 13 11 26, at any time 24/7.
    For support and information on drug and alcohol problems, contact the Alcohol and Drug Information Service on 1800 250 015. This is a 24/7 service offering confidential and anonymous telephone counselling and information.
    NSW public drug warnings are available at Public drug warnings.
    ​

    MIL OSI News –

    March 28, 2025
  • MIL-OSI USA: Rep. Juan Vargas, Colleagues Reintroduce the Neighbors Not Enemies Act to Repeal Alien Enemies Act

    Source: United States House of Representatives – Congressman Juan Vargas (CA-51)

    March 13, 2025

    WASHINGTON – U.S. Representative Juan Vargas (CA-52) joined his colleagues in reintroducing the Neighbors Not Enemies Act, legislation to fully repeal the Alien Enemies Act of 1798 (AEA). Part of the “Alien and Sedition Acts,” the AEA is the only remaining law from this deeply problematic set of statutes that targeted immigrants under the guise of national security. While the other three acts have expired or been repealed, the AEA remains in effect, granting sweeping powers to the president to detain or deport foreign nationals from a specific country.

    “The Alien Enemies Act of 1798 is a draconian, wartime law that gives presidents unprecedented powers to deport immigrants without a court hearing or an asylum interview. Now, Trump is threatening to exploit this outdated law to carry out his mass detention and deportation plans,” said Rep. Juan Vargas. “We’ve already seen innocent families and hard-working people with no criminal record swept up in his anti-immigrant agenda. We need to pass this bill to protect the rights and due process of immigrants here in San Diego County and across the country.” 

    The Alien Enemies Act allows the president to unilaterally determine how and if all foreign nationals from a specific country should be “apprehended, restrained, secured, and removed” during times of war or “imminent threat.” This provision has enabled the abuse of executive power, allowing entire groups of people to be targeted based solely on their national origin, including the internment of Japanese Americans and nationals during World War II. 

    The Neighbors Not Enemies Act would prevent administrations from exploiting this archaic law to sow division and harm immigrant communities.

    ###

    MIL OSI USA News –

    March 28, 2025
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