NewzIntel.com

Category: Asia Pacific

  • MIL-OSI New Zealand: Arrests over retail crime in central Auckland

    Source: New Zealand Police (District News)

    Police have made several arrests following offending at central Auckland businesses last night.

    One person faces court following a robbery at a dairy in Wynyard Quarter just before midnight on Monday.

    Auckland Central Area Commander Grant Tetzlaff says the lone offender entered the Halsey Street business at 11.45pm.

    “He demanded money from the shop assistant before a minor scuffle occurred forcing the worker to move to the back of the store.

    “The offender then stole the till and left the store on foot.”

    Police were contacted.

    As staff were deploying, the till was recovered by a member of the public and the shop assistant.

    “A Police camera operator located the pair seated on a bench on Hamer Street, where our staff caught up with them,” Inspector Tetzlaff says.

    A 15-year-old male has been charged with robbery and will appear in the Auckland Youth Court today. The female will be referred to Youth Aid.

    Hours earlier, Police were hot on the heels of two thieves at a liquor shop on Beach Road.

    “Before 8.30pm, two masked offenders entered the store and jumped over the counter and stole product.

    “No threats were made to staff working at the time but they both fled on foot towards Anzac Avenue.”

    Units were quickly on scene and caught up with the two 15-year-olds, taking them into custody.

    ENDS.

    Jarred Williamson/NZ Police

    MIL OSI New Zealand News –

  • MIL-OSI Australia: $258 million for critical Northern Territory highways

    Source: Workplace Gender Equality Agency

    The Albanese Government is building the Northern Territory’s future, today announcing a $200 million investment to upgrade the Stuart Highway. 

    The Stuart Highway is the major highway running north to south through the heart of Australia. Extending approximately 2700 kilometres, it is a critical corridor for freight and tourism, connecting Darwin to Katherine and Alice Springs, and on to South Australia. 

    This funding will go towards the progressive duplication of priority sections of the Stuart Highway between Darwin and Katherine, to enhance freight movement and improve road safety.  

    This new project brings the Australian Government’s total investment into the Stuart, Victoria and Barkly Highways to nearly $780 million.

    Construction is expected to begin in mid-2026 and finish by mid-2028.

    The Albanese Government is also investing a further $58.3 million towards the Carpentaria Highway Upgrade, taking the total Australian Government commitment to $203.3 million. 

    This additional funding will allow the upgrade of a further 35 kilometres of the Carpentaria Highway. 

    The project, which is being delivered in partnership with the Northern Territory Government, will deliver upgrades to around 175 kilometres of the Carpentaria Highway, commencing at the Stuart Highway. 

    This will improve the efficiency, safety and accessibility of the Carpentaria Highway from the Borroloola township in the east, through the Beetaloo Sub-basin to the Stuart Highway in the west.

    These projects add to a number of projects already committed to the Stuart Highway, including the $171.8 million Northern Territory National Network Highway Upgrades (Phase 2), which is delivering works such as pavement strengthening, widening and resurfacing, on priority sections of the Stuart, Victoria and Barkly Highways. 

    The Australian Government’s total commitment to the Northern Territory under the Infrastructure Investment Program over the next 10 years, from 2025-26, is $2.8 billion. 

    Quotes attributable to Federal Infrastructure, Transport, Regional Development and Local Government Minister Catherine King:

    “I’m proud to be part of a Government which is building this country’s future, investing in critical freight and transport corridors like the Stuart Highway. 

    “This will be transformational for both residents and visitors of Darwin and Katherine, making journeys smoother, safer and more enjoyable. 

    “This is the transport spine of Australia, and we’re investing $200 million to get it in good nick.” 

    Quotes attributable to Federal Member for Lingiari Marion Scrymgour: 

    “This investment in Stuart Highway will ease congestion, increase safety and improve travel times and connectivity across the territory for locals and tourists.

    “The Australian Government remains committed to ensuring the future growth and sustainability of remote communities and regional centres across the Northern Territory.” 

    MIL OSI News –

  • MIL-OSI Australia: Paid Parental Leave Superannuation Contribution

    Source:

    If you receive Parental Leave Pay from 1 July 2025

    The government will pay superannuation on government funded Parental Leave Pay. This is known as the Paid Parental Leave Superannuation Contribution (PPLSC).

    If you care for a child, born or adopted, from 1 July 2025 and you receive Parental Leave Pay from Services Australia in 2025–26 and onwards, we will pay a PPLSC.

    Claims for Parental Leave Pay will continue through Services AustraliaExternal Link.

    For more information on claiming Parental Leave Pay and the eligibility conditions that apply, see Services Australia Parental Leave PayExternal Link.

    What you need to do

    If you’re eligible to receive government funded Parental Leave Pay check your:

    • personal details are up to date and ensure your name and address match with both Services Australia and us
    • super fund has your current details – ensuring your name and address in the super fund’s records exactly match the details we have in our records.

    If you have changed your name, you will need to update your name with the ATO and Services AustraliaExternal Link.

    Paid Parental Leave Superannuation Contribution

    Services Australia will let us know how much Parental Leave Pay you’ve been paid. The PPLSC will be based on the Superannuation Guarantee rate, it includes an interest component, and will be paid as a lump sum. In most circumstances, we’ll pay your superannuation contribution to the fund your superannuation contributions are currently paid to.

    We’ll pay the contribution after the end of the financial year in which you received the Parental Leave Pay. We’ll start paying superannuation contributions in the 2026–27 financial year and will let you know when we’ve paid the contribution to your fund.

    If you share Parental Leave Pay with another person, you are both eligible for a PPLSC on your portion of the Parental Leave Pay.

    Your PPLSC is not considered income for the purposes of social security, family assistance, and child support.

    If Services Australia adjusts your Parental Leave Pay we may need to amend your entitlement to a PPLSC.

    Concessional contributions cap

    PPLSC will be taxed at 15% in the hands of the superannuation fund, and will count towards your concessional contributions cap.

    We will let you know you if you exceed your concessional contributions.

    If you believe your super contributions have, or will, exceed a contributions cap due to special circumstances you can apply for a excess contributions determination.

    Employers

    Payment of government funded Parental Leave Pay has not changed.

    However, we will pay PPLSC directly to your employee’s superannuation fund after the relevant financial year has ended. Contributions will start in the 2026–27 financial year.

    Employers are still able to make other super contributions.

    For more information about providing Parental Leave Pay see Services Australia Providing Parental Leave PayExternal Link.

    MIL OSI News –

  • MIL-OSI New Zealand: Police respond to IPCA investigation into death of a woman in custody

    Source: New Zealand Police (National News)

    Police accept the findings by the Independent Police Conduct Authority which found officers failed in their duty of care for a woman who died while in Police custody in Gisborne.

    An internal investigation into the death conducted by Police also came to a similar conclusion.

    Lynne Martin, 63, was brought into Police custody on the afternoon of 22 November 2023, after she had been convicted of murder at the High Court in Gisborne. She was to stay overnight at the custody unit in Gisborne Police Station to then be transported to prison. 

    Upon arrival, Ms Martin was searched and assessed in terms of her physical health and mental wellbeing to determine the most appropriate monitoring regime while she was in our care. She was placed on two hourly checks.

    The following morning just after 7am, officers found Ms Martin unresponsive. Ambulance officers arrived and confirmed she was deceased.

    It will be for the Coroner to determine the cause of her death, however there are no suspicious circumstances, or any other person involved.

    The IPCA found the initial care of Ms Martin was appropriate and in line with Police policy considering the information immediately available to them, however Police should have considered the wider circumstances of Ms Martin’s situation and checked on her more frequently.

    They also found that Police officers acted unprofessionally, which included on some occasions only checking detainees via CCTV cameras in their cells, rather than conducting physical checks on them, which is required.

    Eastern District Commander Superintendent Jeanette Park says Police conducted a review of the events around Ms Martin’s death and came to a similar conclusion as the IPCA.

    “Police accepts the actions of the officers were not in line with the standard of care we expect for those who come into Police custody. Police have reinforced with staff in Gisborne and across the country that detainees must be checked correctly, not just via CCTV. We have made several improvements at the Gisborne Police Custody Unit and addressed staffing shortages.”

    Police carried out an employment investigation with regards to the officers working during this shift and have provided them with additional training. We have reviewed our process to ensure that a recent conviction for a serious offence influences the monitoring schedule required for certain detainees. 

    Custody units can be a complex and challenging environment to work in. Police remain committed to continuous improvement ensuring a high standard of care for the more than 120,000 detainees who come into our custody units across New Zealand each year.

    Police has implemented significant changes over the last few years, including the creation of a National Custody Team which provides oversight of the policy, practice, and training for all Police staff,” Superintendent Park says.

    ENDS

    Issued by the Police Media Centre

    MIL OSI New Zealand News –

  • MIL-OSI United Nations: Commission on Limits of Continental Shelf Concludes Sixty-Third Session

    Source: United Nations General Assembly and Security Council

    NEW YORK, 24 March (Office of Legal Affairs) ― The Commission on the Limits of the Continental Shelf held its sixty-third session at United Nations Headquarters from 17 February to 21 March.  The plenary parts of the session were held from 24 to 28 February and from 10 to 14 March.  The remainder of the session was devoted to the technical examination of submissions at the premises of the Division, including geographic information systems laboratories and other technical facilities.

    During the first plenary part of the session, the Under-Secretary-General for Legal Affairs and United Nations Legal Counsel, Elinor Hammarskjöld, addressed the Commission for the first time since her appointment.  She acknowledged the crucial contribution of the Commission to the implementation of the United Nations Convention on the Law of the Sea and paid tribute to the significant work carried out by the members of the Commission in this regard.  Noting the ongoing liquidity crisis affecting regular budget operations of the United Nations Secretariat, the Under‑Secretary-General reiterated that the Division would continue to do its utmost to deliver high-quality support to the Commission within the available means.

    The Submissions of the following coastal States were considered by the Commission and its subcommissions: Mauritius in respect of the region of Rodrigues Island (partial submission); Palau in respect of the North Area (partial amended submission); Portugal; Spain in respect of the area of Galicia (partial submission); Namibia; Cuba in respect of the eastern polygon in the Gulf of Mexico; Mozambique; and Madagascar; as well as revised submissions made by Brazil in respect of the Brazilian Equatorial Margin (partial revised submission); Cook Islands concerning the Manihiki Plateau (revised submission); Iceland in respect of the western, southern and south-eastern parts of the Reykjanes Ridge (partial revised submission); Brazil in respect of the Brazilian Oriental and Meridional Margin (partial revised submission); and the Russian Federation in the Area of the Gakkel Ridge in the Arctic Ocean (partial revised submission).

    The Commission approved three sets of recommendations, namely in regard to the submissions made by Brazil in respect of the Brazilian Equatorial Margin (partial revised submission); Cuba in respect the eastern polygon in the Gulf of Mexico; and Iceland in respect of the western, southern and south-eastern parts of the Reykjanes Ridge (partial revised submission).

    During its plenary meetings, with regard to the submission made by Guyana, the Commission decided to defer its consideration in view of an objection conveyed by Venezuela.

    The Commission further heard presentations on the submission of Mozambique, which was a repeat presentation made upon the request of the coastal State; the partial revised submission made by Brazil in respect of the Brazilian Oriental and Meridional Margin; and the partial submission made by Viet Nam in respect of the Central Area.

    Underscoring the importance that submitting States attach to the work of the Commission, delegations were represented in the plenary at the high level:  the delegation of Mozambique was headed by the Minister for Mineral Resources and Energy, Estêvão Tomás Rafael Pale; the delegation of Cuba was headed by the Vice-Minister for Foreign Affairs, Carlos Fernández de Cossío Domínguez; and the delegation of the Russian Federation was headed by the Minister for Natural Resources and Environment, Alexander Kozlov.

    In view of the progress in its work, the Commission decided to establish subcommissions to consider the partial submission made by Mexico in respect of the eastern polygon in the Gulf of Mexico; the submission made by the United Republic of Tanzania; and the partial submission made by Denmark in respect of the Southern Continental Shelf of Greenland. With a view to facilitating the efficient consideration of submissions, the Commission decided that subcommissions could actively consider two submissions in parallel, as needed.

    The Commission appointed the new member of the Commission, Ahmed Er Raji (Morocco), to subcommissions.  In view of the resignation of Mr. Brekke due to health reasons and the establishment of new subcommissions, the Commission also adjusted the membership of some existing subcommissions and subsidiary bodies.  The Commission also elected David Cole Mosher (Canada) as Vice-Chair of the Commission for the remainder of the current two-and-a-half-year term — until 15 December.

    With regard to the request of the General Assembly in its resolution 79/144 for the Secretary-General to develop and make available training courses to assist States in relation to the preparation, making and maintenance of submissions, as well as their consideration, the secretariat informed the Commission that no earmarked voluntary trust fund contributions for such activities had been received as of 13 March, and that, if no contributions were received by April, the secretariat would not be in a position to deliver on this mandate in 2025.

    The Commission also continued its consideration of initiatives to enhance efficiency in its work, including the development of technical bulletins and templates for presentations and recommendations.

    Further details on the sixty-third session will be available in the Statement of the Chairperson of the Commission (document CLCS/63/2).

    The background press release on this session is available at https://press.un.org/en/2025/sea2206.doc.htm.

    Background

    Established pursuant to article 2 of annex II to the 1982 United Nations Convention on the Law of the Sea, the Commission makes recommendations to coastal States on matters related to the establishment of the outer limits of their continental shelf beyond 200 nautical miles from the baselines from which the breadth of the territorial sea is measured, based on information submitted by those coastal States.  The recommendations are based on the scientific data and other material provided by coastal States in relation to the implementation of article 76 of the Convention and do not prejudice matters relating to the delimitation of boundaries between States with opposite or adjacent coasts or prejudice the position of States that are parties to a land or maritime dispute, or application of other parts of the Convention or any other treaties.  The limits of the continental shelf established by a coastal State on the basis of the recommendations are final and binding. In the case of disagreement by a coastal State with the recommendations of the Commission, the coastal State shall, within a reasonable time, make a revised or new submission to the Commission.

    Under rule 23 of its rules of procedure (Public and private meetings), the meetings of the Commission, its subcommissions and subsidiary bodies are held in private, unless the Commission decides otherwise.

    As required under the rules of procedure of the Commission, the executive summaries of all the submissions, including all charts and coordinates, have been made public by the Secretary‑General through continental shelf notifications circulated to Member States of the United Nations, as well as States Parties to the Convention.  The executive summaries are available on the Division’s website at:  www.un.org/depts/los/clcs_new/clcs_home.htm.  The summaries of recommendations adopted by the Commission are also available on the above-referenced website.

    The Commission is a body of 21 experts in the field of geology, geophysics or hydrography serving in their personal capacities. Members of the Commission are elected for a term of five years by the Meeting of States Parties to the Convention having due regard to the need to ensure equitable geographical representation. Not fewer than three members shall be elected from each geographical region.

    Currently, two seats on the Commission are vacant as a result of the resignation of Mr. Brekke and the long-standing vacancy resulting from a lack of nominations from the Group of Eastern European States.  A call for nominations has been circulated to States Parties with a view to filling these vacancies at a by-election to be conducted at the thirty-fifth Meeting of States Parties, scheduled to be convened from 23 to 27 June. The nomination period opened on 12 February and will close on 12 May at midnight.

    The Convention provides that the State party which submitted the nomination of a member of the Commission shall defray the expenses of that member while in performance of Commission duties.  A voluntary trust fund for the purpose of defraying the cost of participation of the members of the Commission from developing countries has been established.  It has facilitated the participation of several members of the Commission from developing countries in the sessions of the Commission.

    The convening by the Secretary-General of the sessions of the Commission, with full conference services, including documentation, for the plenary parts of these sessions, is subject to approval by the General Assembly of the United Nations.  The Assembly does so in its annual resolutions on oceans and the law of the sea, which also address other matters relevant to the work of the Commission and the conditions of service of its members.

    For additional information on the work of the Commission see the website of the Division at www.un.org/depts/los/index.htm.  In particular, the most recent Statements by the Chair on the progress in the work of the Commission are available at http://www.un.org/depts/los/clcs_new/commission_documents.

    MIL OSI United Nations News –

  • MIL-OSI New Zealand: Inner Hauraki Gulf closed to rock lobster fishing

    Source: New Zealand Government

    The inner Hauraki Gulf will be closed for three years to commercial and recreational spiny rock lobster fishing to help rebuild the population, Oceans and Fisheries Minister Shane Jones says.
    “Locals have raised serious concerns about the decline of spiny rock lobster in the inner Hauraki Gulf, and this has been backed up by fishery-independent research. I share these concerns and to help the lobster population recover I’ve decided to stop spiny rock lobster fishing in the inner Gulf,” Mr Jones says. 
    The closure, from 1 April 2025, and other changes are part of Fisheries New Zealand’s biannual sustainability reviews which look at catch limits and management settings for fisheries around Aotearoa.  
    “Restoring this fishery will also help to address an issue I have prioritised – kina barrens. Rock lobster eat kina, which helps keep kina numbers down so they don’t destroy important marine habitat and cause bare areas known as kina barrens.”
    The closure extends south from the Cape Rodney-Okakari Point Marine Reserve to Point Jackson Bay on the Coromandel Peninsula.  
    “I have decided not to increase catch limits for the rest of the Hauraki Gulf rock lobster fishery. Under the current settings the stock is expected to increase, and this will further support the recovery of rock lobster throughout the fishery,” Mr Jones says. 
    “I have also adjusted catch settings for Otago rock lobster, taking a cautious approach to ensure long-term sustainability of this fishery.” 
    Earlier this month, Minister Jones also made changes to catch limits for Pacific bluefin tuna in New Zealand waters.
    “Pacific bluefin tuna, as a migratory species, is managed internationally throughout the Pacific Ocean by the Western Central Pacific Commission (WCPFC), of which New Zealand is a member.
    “These tuna are doing well throughout the Pacific, and we’re seeing more of these fish in our waters. The WCPFC has agreed to increase New Zealand’s catch allocation, and I have changed catch settings to reflect this.”
    “I have increased the total catch limit by 84 tonnes for the remainder of this fishing year to reflect the health of the stock and address concerns from commercial fishers who have been seeing increasing amounts of bycatch of Pacific bluefin tuna when targeting other fish.
    “For the next fishing year, starting 1 October 2025, the total catch limit will be increased a further 6.5 tonnes, which includes increases for customary and recreational allowances.
    “I want to acknowledge everyone who provided feedback on the proposals. The many submissions we received from tangata whenua, recreational and commercial fishers, environmental groups, and the public played an important part in the advice I received from officials, and the decisions I made,” Mr Jones says. 
    More information can be found on Fisheries New Zealand’s website.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Greenpeace: Government’s RMA overhaul a hostile takeover of nature

    Source: Greenpeace

    Greenpeace is hitting out at the Government’s plan to scrap and rewrite the Resource Management Act (RMA), calling it a hostile takeover of nature.
    “The government’s proposed reforms are based on the dangerous idea that if you own a piece of land, you should be able to do what you like with it – even if that means polluting rivers, cutting down forests, or pumping nitrates into drinking water,” says Greenpeace spokesperson Gen Toop.
    “This isn’t reform – it’s environmental vandalism.”
    In its announcement, the Government has signalled that it plans to premise the country’s legal environmental protection framework on private property rights.
    “Treating nature as private property ignores the reality that rivers, forests, and wildlife don’t stop at the boundary line. As we’ve seen in Canterbury, the nitrate pollution from intensive dairy farms doesn’t stay on the farm. It can travel underground and contaminate people’s drinking water many kilometres away,” says Toop.
    “Alongside the Fast Track Approvals Act and the Treaty Principles Bill, this is part of the Luxon Government’s war on nature designed to tear apart environmental protections so that corporations can exploit and pollute the environment with no guardrails.”
    “This Government can’t even manage getting lunches to school kids – we certainly can’t trust them to rewrite the rules on something as complex and critical as environmental protection.”
    Greenpeace is calling for the Government to halt the RMA reforms and instead strengthen laws that protect nature and uphold Te Tiriti o Waitangi.

    MIL OSI New Zealand News –

  • MIL-OSI: Diversified Royalty Corp. Announces Fourth Quarter and Year End 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, March 24, 2025 (GLOBE NEWSWIRE) — Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce its financial results for the three months (“Q4 2024”) and year ended December 31, 2024.

    Highlights

    • The weighted average organic royalty growth1 of DIV’s diversified royalty portfolio was 5.9% in Q4 2024 and 5.0% for the year ended December 31, 2024, compared to 6.8% for the three months ended December 31, 2023 (“Q4 2023”) and 8.4% for the year ended December 31, 2023. The weighted average organic royalty growth1 on a constant currency basis was 5.4% in Q4 2024 and 4.8% for the year ended December 31, 2024.
    • Revenue was $17.0 million in Q4 2024 and $65.0 million for the year ended December 31, 2024, up 3.9% and 15.0%, respectively, compared to the same periods in 2023.
    • Adjusted revenue1 was $18.4 million in Q4 2024 and $70.2 million for the year ended December 31, 2024, up 3.8% and 14.0%, respectively, compared to the same periods in 2023.
    • Distributable cash1 was $12.6 million in Q4 2024 and $44.8 million for the year ended December 31, 2024, up 21.5% and 17.5%, respectively, compared to the same periods in 2023.
    • Payout ratio1 was 82.3% in Q4 2024 based on dividends of $0.0625 per share for the quarter, compared to 84.2% in Q4 2023 based on dividends of $0.0609 per share for the comparable quarter and 90.0% for the year ended December 31, 2024 based on dividends of $0.2487 per share for the year, compared to 90.2% based on dividends of $0.2415 per share for the comparable year.
    • In celebration of DIV’s 10-year anniversary, we are proud to recognize the following:
      • On October 6, 2014, we announced our name change to “Diversified Royalty Corp.”
      • DIV’s very first dividend was $0.0157 per share, paid on November 28, 2014
      • The total dividends paid to shareholders since then is $269.1 million, or $2.25 per share

    Fourth Quarter Commentary

    Sean Morrison, President and Chief Executive Officer of DIV stated, “Overall, DIV is pleased with how its royalty partners performed with weighted average organic royalty growth of 5.9% in Q4 2024 and 5.0% for the year ended December 31, 2024. As with all portfolios, there are varying degrees of performance within the portfolio. Mr. Lube, our largest royalty partner, continued to see strong double-digit growth, generating SSSG1 (defined below) of 12.0% for the three-month period ended December 31, 2024, and 10.5% for the year ended December 31, 2024. This exceptional performance is the result of Mr. Lube’s management team working with their franchisees to share best practices and optimize the performance of each location. DIV’s other variable royalty partners generated mixed results with Oxford generating positive SSSG and Mr. Mikes generating negative SSSG in Q4. DIV’s fixed royalty partners, Nurse Next Door, Stratus and BarBurrito made their fixed royalty payments. DIV is deferring 20% of Sutton’s royalties to help them invest in the business and build on the positive momentum in Q4. DIV continues to see a decrease in royalty income from AIR MILES® because of the loss of Metro as a loyalty partner and continued softness across the AIR MILES® Rewards Program.”

    1. Adjusted revenue and distributable cash are non-IFRS financial measures, payout ratio is a non-IFRS ratio and weighted average organic royalty growth and Same-store-sales growth or SSSG are supplementary financial measures – see “Non-IFRS Measures” below.

    Fourth Quarter Results

       Three months ended December 31,
    		     Year ended December 31,
    		  
    (000’s)   2024     2023       2024     2023  
    Mr. Lube + Tires $ 8,602   $ 7,810     $ 31,190   $ 28,429  
    Stratusa   2,268     2,099       8,714     8,171  
    BarBurrito   2,101     2,032       8,403     2,032  
    Nurse Next Doorb   1,341     1,316       5,309     5,207  
    Oxford   1,206     1,162       4,530     4,521  
    Sutton   899     1,095       4,206     4,339  
    Mr. Mikes   1,040     1,130       4,226     4,570  
    AIR MILES®   896     1,044       3,640     4,352  
    Adjusted revenuec $ 18,352   $ 17,688     $ 70,218   $ 61,621  
                               

    a) Stratus royalty income for the three months and year ended December 31, 2024, was US$1.6 million and US$6.4 million, respectively, translated at an average foreign exchange rate of $1.4000 and $1.3703 to US$1, respectively (three months and year ended December 31, 2023 – royalty income of US$1.5 million and US$6.1 million, respectively, translated at an average foreign exchange rate of $1.3610 and $1.3493 to US$1, respectively).
    b) Represents the DIV Royalty Entitlement plus management fees received from Nurse Next Door.
    c) DIV Royalty Entitlement and adjusted revenue are non-IFRS financial measures and as such, do not have standardized meanings under IFRS. For additional information, refer to “Non-IFRS Measures” in this news release.

    In Q4 2024, DIV generated $17.0 million of revenue compared to $16.4 million in Q4 2023. After considering the DIV Royalty Entitlement2 (defined below) related to DIV’s royalty arrangements with Nurse Next Door, DIV’s adjusted revenue2 was $18.4 million in Q4 2024, compared to $17.7 million in Q4 2023. Adjusted revenue increased primarily due to incremental revenue received through the acquisition of the BarBurrito rights on October 4, 2023, positive SSSG2 at Mr. Lube + Tires and Oxford, the annual contractual royalty increases at Stratus and Nurse Next Door, partially offset by negative SSSG from Mr. Mikes and lower royalty income from AIR MILES® and the 20% deferral of the Sutton royalties, all as discussed in further detail below.

    2. Adjusted revenue and DIV Royalty Entitlement are non-IFRS financial measures and SSSG are supplementary financial measures – see “Non-IFRS Measures” below.

    Royalty Partner Business Updates

    Mr. Lube + Tires: Mr. Lube Canada Limited Partnership (“Mr. Lube + Tires”) generated SSSG3 of 12.0% for the Mr. Lube + Tires stores in the royalty pool for Q4 2024 and 10.5% for the year ended December 31, 2024, compared to SSSG of 14.0% and 17.1%, for the same respective prior periods in 2023.

    3. Same-store-sales growth or SSSG is a supplementary financial measure – see “Non-IFRS Measures” below.

    Stratus: Royalty income from SBS Franchising LLC (“Stratus”) was $2.3 million (US$1.6 million translated at an average foreign exchange rate of $1.4000 to US$1.00) for Q4 2024 and $8.7 million (US$6.4 million translated at an average foreign exchange rate of $1.3703 to US$1.00) for the year ended December 31, 2024. The fixed royalty payable by Stratus increases each November at a rate of 5% until and including November 2026 and 4% each November thereafter during the term of the license, with the most recent increase effective November 15, 2024.

    Nurse Next Door: The royalty entitlement to DIV (the “DIV Royalty Entitlement4”) from Nurse Next Door Professional Homecare Services Inc. (“Nurse Next Door”) was $1.3 million in Q4 2024 and $5.2 million for the year ended December 31, 2024. The DIV Royalty Entitlement from Nurse Next Door grows at a fixed rate of 2.0% per annum during the term of the license, with the most recent increase effective October 1, 2024.

    4. DIV Royalty Entitlement is a non-IFRS measure – see “Non-IFRS Measures” below.

    Mr. Mikes: SSSG5 for the Mr. Mikes Restaurants Corporation (“Mr. Mikes”) restaurants in the Mr. Mikes royalty pool was -4.7% in Q4 2024 and -3.4% for the year ended December 31, 2024, compared to SSSG of 7.3% and 10.1%, for the same respective prior periods in 2023. The lower SSSG percentage in the current period is primarily due to lower restaurant guest traffic. In addition, in the comparable period, SSSG was measured against quarters that included the impact from COVID-19 related government regulations, including vaccine mandates.

    Royalty income and management fees of $1.0 million were generated by Mr. Mikes in Q4 2024, compared to $1.2 million in Q4 2023, which excludes approximately $0.05 million from the partial payment of deferred contractual royalty fees and accrued management fees. Royalty income and management fees of $4.2 million were generated for the year ended December 31, 2024, compared to $4.4 million generated for the year ended December 31, 2023, excluding approximately $0.18 million from the partial payment of deferred contractual royalty fees and accrued management fees.

    5. Same-store-sales growth or SSSG is a supplementary financial measure – see “Non-IFRS Measures” below.

    Oxford: The Oxford Learning Centres, Inc. (“Oxford”) locations in the Oxford royalty pool generated SSSG6 (on a constant currency basis) of 4.0% in Q4 2024 and 0.2% for the year ended December 31, 2024, compared to SSSG of -0.2% and 5.9%, for the same respective prior periods in 2023. Oxford’s SSSG has returned to being positive after lapping the completion of the Ontario Government funding of student learning support, which included private tutoring, which funding completed in the first half of 2023.

    6. Same-store-sales growth or SSSG is a supplementary financial measure – see “Non-IFRS Measures” below.

    AIR MILES®: In Q4 2024, royalty income of $0.9 million was generated from the AIR MILES® Licenses compared to $1.0 million generated in Q4 2023, a decrease of 14.2% from the comparable quarter. For the year ended December 31, 2024, royalty income of $3.6 million was generated compared to $4.4 million generated in the comparable year, a decrease of 16.4%. The decrease is largely due to the loss of AIR MILES® sponsor Metro and continued softness in the AIR MILES® Rewards Program.

    Sutton: In Q4 2024, royalty income of $0.9 million was generated by Sutton, which is net of a 20% royalty deferral, compared to $1.1 million generated in Q4 2023. For the year ended December 31, 2024, royalty income of $4.1 million was generated, which includes a 20% royalty deferral for Q4, 2024, compared to $4.3 million generated in the comparable year. DIV and Sutton entered into a royalty deferral agreement during Q4 2024, which provides Sutton with a 20% deferral of royalties from October 1, 2024 to December 31, 2025. The deferred royalties do not accrue interest and are due in full on December 31, 2027. Sutton finished 2024 on a strong note, opening two new franchise locations in Q4 and has a growing pipeline of franchise opportunities across Canada. Sutton intends to invest the deferred royalties to complete the rebuild of its management team, increase investment in marketing, roll out its rebranded logo across Canada, increase business development, and build on the positive momentum that began in the back half of 2024.

    BarBurrito: Royalty income from BarBurrito Restaurants Inc. (“BarBurrito”) was $2.1 million for Q4 2024 and $8.3 million for the year ended December 31, 2024. The royalty payable by BarBurrito initially grows at a fixed rate of 4% per annum each March from and including March 2025 to and including March 2030 and, commencing on January 1, 2031, will fluctuate based on the gross sales of the BarBurrito locations in the royalty pool.

    Distributable Cash and Dividends Declared

    In Q4 2024 and for the year ended December 31, 2024, distributable cash7 increased to $12.6 million ($0.0759 per share) and $44.8 million ($0.2762 per share), respectively, compared to $10.4 million ($0.0723 per share) and $38.1 million ($0.2671 per share), in the respective periods in 2023.

    The increase in distributable cash7 for the quarter was primarily due to higher adjusted revenue7, lower general and administrative expenses, lower professional fees, lower interest expense, and lower salaries and benefits. The increase in distributable cash7 for the year was primarily due to higher adjusted revenue7, lower general and administrative expenses, and lower professional fees, partially offset by higher interest expense and higher and salaries and benefits.

    The increase in distributable cash per share7 for the quarter and year end were primarily due to an increase in distributable cash, partially offset by a higher weighted average number of common shares outstanding.

    In Q4 2024 and for the year ended December 31, 2024, the payout ratio7 was 82.3% on dividends of $0.0625 per share and 90.0% on dividends of $0.2487 per share, respectively, compared to the payout ratio of 84.2% on dividends of $0.0609 per share and 90.2% on dividends of $0.2410 per share for the same respective periods in 2023. The decrease in payout ratio for the quarter and year end were primarily due to higher distributable cash per share7, partially offset by higher dividends declared per share.

    7. Adjusted revenue and distributable cash are non-IFRS financial measures and distributable cash per share and payout ratio are non-IFRS ratios – see “Non-IFRS Measures” below.

    Net Income

    Net income for Q4 2024 and for the year ended December 31, 2024, was $4.0 million and $26.6 million, respectively, compared to net income of $9.1 million and $31.7 million for the same respective periods in 2023. The decrease in net income in Q4 2024 was primarily due to impairment loss on intangible assets and higher share-based compensation expense, partially offset by higher adjusted revenue8 and lower general and administrative expenses, interest expense on credit facilities, and income tax expense. The decrease in net income for the year was primarily due to impairment loss on intangible assets, higher share-based compensation expense, salaries and benefits, and interest expense on credit facilities, partially offset by higher adjusted revenue8 and lower general and administrative expenses, and income tax expense.

    8. Adjusted revenue is a non-IFRS financial measure – see “Non-IFRS Measures” below.

    About Diversified Royalty Corp.

    DIV is a multi-royalty corporation, engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America. DIV’s objective is to acquire predictable, growing royalty streams from a diverse group of multi-location businesses and franchisors.

    DIV currently owns the Mr. Lube + Tires, AIR MILES®, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademarks. Mr. Lube + Tires is the leading quick lube service business in Canada, with locations across Canada. AIR MILES® is Canada’s largest coalition loyalty program. Sutton is among the leading residential real estate brokerage franchisor businesses in Canada. Mr. Mikes operates casual steakhouse restaurants primarily in western Canadian communities. Nurse Next Door is a home care provider with locations across Canada and the United States as well as in Australia. Oxford Learning Centres is one of Canada’s leading franchisee supplemental education services. Stratus Building Solutions is a leading commercial cleaning service franchise company providing comprehensive building cleaning, and office cleaning services primarily in the United States. BarBurrito is the largest quick service Mexican restaurant food chain in Canada.

    DIV’s objective is to increase cash flow per share by making accretive royalty purchases and through the growth of purchased royalties. DIV intends to continue to pay a predictable and stable monthly dividend to shareholders and increase the dividend over time, in each case as cash flow per share allows.

    Forward-Looking Statements

    Certain statements contained in this news release may constitute “forward-looking information” within the meaning of applicable securities laws that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “intend”, “may”, “will”, ”project”, “should”, “believe”, “confident”, “plan” and “intend” and similar expressions are intended to identify forward-looking information, although not all forward-looking information contains these identifying words. Specifically, forward-looking information in this news release includes, but is not limited to, statements made in relation to: Sutton having a growing pipeline of franchise opportunities across Canada; Sutton intends to invest the deferred royalties to complete the rebuild of its management team, increase investment in marketing, roll out its rebranded logo across Canada, increase business development and build on the positive momentum that began in the back half of 2024; DIV’s intention to pay monthly dividends to shareholders; and DIV’s corporate objectives. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events, performance, or achievements of DIV to differ materially from those anticipated or implied by such forward-looking information. DIV believes that the expectations reflected in the forward-looking information included in this news release are reasonable but no assurance can be given that these expectations will prove to be correct. In particular, risks and uncertainties include: DIV’s royalty partners may not make their respective royalty payments to DIV, in whole or in part; the decline in royalties received under the AIR MILES® licenses could cause AM Royalties Limited Partnership (“AM LP”) to be required to make partial or full repayment of the outstanding principal amount under its credit agreement, or cause AM LP to be in default under its credit agreement; current positive trends being experienced by certain of DIV’s royalty partners (and their respective franchisees) may not continue and may regress, and current negative trends experienced by certain of DIV’s royalty partners (including their respective franchisees) may continue and may regress; DIV and its royalty partners performance may not meet management’s expectations; DIV may not be able to make monthly dividend payments to the holders of its common shares; Sutton may not pay all deferred royalties in accordance with the timing required or at all; Sutton’s investment of the deferred royalties may not achieve their intended effects; Sutton may require further deferrals of royalties beyond those contemplated by the current deferral agreement; dividends are not guaranteed and may be reduced, suspended or terminated at any time; or DIV may not achieve any of its corporate objectives. Given these uncertainties, readers are cautioned that forward-looking information included in this news release is not a guarantee of future performance, and such forward-looking information should not be unduly relied upon. More information about the risks and uncertainties affecting DIV’s business and the businesses of its royalty partners can be found in the “Risk Factors” section of its Annual Information Form dated March 24, 2025 and in DIV’s management’s discussion and analysis for the three months and year ended December 31, 2024, copies of which are available under DIV’s profile on SEDAR+ at www.sedarplus.com.

    In formulating the forward-looking information contained herein, management has assumed that DIV will generate sufficient cash flows from its royalties to service its debt and pay dividends to shareholders; lenders will provide any necessary waivers required in order to allow DIV to continue to pay dividends; lenders will provide any other necessary covenant waivers to DIV and its royalty partners; the performance of DIV’s royalty partners will be consistent with DIV’s and its royalty partners’ respective expectations; recent positive trends for certain of DIV’s royalty partners (including their respective franchisees) will continue and not regress; current negative trends experienced by certain of DIV’s royalty partners (including their respective franchisees) will not materially regress; Sutton will pay all deferred royalties in accordance with the required timing in full and will not require further deferrals; Sutton’s investment of the deferred royalties will achieve its intended effects; the businesses of DIV’s respective royalty partners will not suffer any material adverse effect; and the business and economic conditions affecting DIV and its royalty partners will continue substantially in the ordinary course, including without limitation with respect to general industry conditions, general levels of economic activity and regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.

    All of the forward-looking information in this news release is qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that it will have the expected consequences to, or effects on, DIV. The forward-looking information in this news release is made as of the date of this news release and DIV assumes no obligation to publicly update or revise such information to reflect new events or circumstances, except as may be required by applicable law.

    Non-IFRS Measures

    Management believes that disclosing certain non-IFRS financial measures, non-IFRS ratios and supplementary financial measures provides readers with important information regarding the Corporation’s financial performance and its ability to pay dividends and the performance of its royalty partners. By considering these measures in combination with the most closely comparable IFRS measure, management believes that investors are provided with additional and more useful information about the Corporation and its royalty partners than investors would have if they simply considered IFRS measures alone. The non-IFRS financial measures, non-IFRS ratios and supplementary financial measures do not have standardized meanings prescribed by IFRS and therefore are unlikely to be comparable to similar measures presented by other issuers. Investors are cautioned that non-IFRS measures should not be construed as a substitute or an alternative to net income or cash flows from operating activities as determined in accordance with IFRS.

    “Adjusted revenue”, “adjusted royalty income”, “DIV Royalty Entitlement” and “distributable cash” are used as non-IFRS financial measures in this news release.

    Adjusted revenue is calculated as royalty income plus DIV Royalty Entitlement and management fees. The following table reconciles adjusted revenue and adjusted royalty income to royalty income, the most directly comparable IFRS measure disclosed in the financial statements:

       Three months ended December 31,
    		     Year ended December 31,
    		  
    (000’s)   2024     2023       2024     2023  
    Mr. Lube + Tires $ 8,543   $ 7,750     $ 30,953   $ 28,196  
    Stratus   2,269     2,099       8,714     8,171  
    BarBurrito   2,080     2,013       8,320     2,013  
    Oxford   1,194     1,152       4,487     4,481  
    Sutton   872     1,068       4,096     4,229  
    Mr. Mikes   1,025     1,115       4,181     4,520  
    AIR MILES®   896     1,044       3,640     4,352  
    Royalty income $ 16,879   $ 16,241     $ 64,391   $ 55,962  
    DIV Royalty Entitlement   1,320     1,295       5,228     5,126  
    Adjusted royalty income $ 18,199   $ 17,536     $ 69,619   $ 61,088  
    Management fees   153     152       599     533  
    Adjusted revenue $ 18,352   $ 17,688     $ 70,218   $ 61,621  
                               

    For further details with respect to adjusted revenue and adjusted royalty income, refer to the subsection “Non-IFRS Financial Measures” under “Description of Non-IFRS Financial Measures, Non-IFRS Ratios and Supplementary Financial Measures” in the Corporation’s management’s discussion and analysis for the three months and year ended December 31, 2024, a copy of which is available on SEDAR+ at www.sedarplus.com.

    The most closely comparable IFRS measure to DIV Royalty Entitlement is “distributions received from NND LP”. DIV Royalty Entitlement is calculated as distributions received from NND LP, before any deduction for expenses incurred by NND Holdings Limited Partnership (“NND LP”), which expenses include legal, audit, tax and advisory services. Note that distributions received from NND LP is derived from the royalty paid by Nurse Next Door to NND LP. The following table reconciles DIV Royalty Entitlement to distributions received from NND LP in the financial statements:

       Three months ended December 31,     Year ended December 31,
    		  
    (000’s)   2024     2023       2024     2023  
    Distributions received from NND LP $ 1,314   $ 1,284     $ 5,197   $ 5,095  
    Add: NND Royalties LP expenses   2     2       27     22  
    DIV Royalty Entitlement   1,316     1,286       5,224     5,117  
               
    Less: NND Royalties LP expenses   (2 )   (2 )     (27 )   (22 )
    DIV Royalty Entitlement, net of NND Royalties LP expenses $ 1,314   $ 1,284     $ 5,197   $ 5,095  
                               

    For further details with respect to DIV Royalty Entitlement, refer to the subsection “Non-IFRS Financial Measures” under “Description of Non-IFRS Financial Measures, Non-IFRS Ratios and Supplementary Financial Measures” in the Corporation’s management’s discussion and analysis for the three months and year ended December 31, 2024, a copy of which is available on SEDAR+ at www.sedarplus.com.

    The following table reconciles distributable cash to cash flows generated from operating activities, the most directly comparable IFRS measure disclosed in the financial statements:

      Three months ended December 31,
    		     Year ended December 31,
    		  
    (000’s)   2024     2023       2024     2023  
               
    Cash flows generated from operating activities $ 11,724   $ 7,400     $ 46,491   $ 30,816  
               
    Current tax expense   (1,300 )   (845 )     (6,516 )   (5,061 )
    Accrued interest on convertible debentures   788     788       –     –  
    Accrued interest on bank loans   (13 )   –       (438 )   –  
    Distributions on MRM units earned in current periods   (34 )   (38 )     (138 )   (164 )
    Mandatory principal payments on credit facilities   –     (577 )     (643 )   (1,008 )
    Payment of lease obligations   (28 )   (28 )     (110 )   (107 )
    NND LP expenses   (2 )   (2 )     (27 )   (22 )
    Accrued DIV Royalty Entitlement, net of distributions   2     –       27     –  
    Foreign exchange and other   (13 )   394       146     229  
    Changes in working capital   (33 )   (527 )     303     3,579  
    Transactions costs   –     32       –     32  
    Taxes paid   1,512     1,648       6,012     7,691  
    Note receivable   –     2,130       (305 )   2,130  
    Distributable cash $ 12,603   $ 10,376     $ 44,802   $ 38,115  
                               

    For further details with respect to distributable cash, refer to the subsection “Non-IFRS Financial Measures” under “Description of Non-IFRS Financial Measures, Non-IFRS Ratios and Supplementary Financial Measures” in the Corporation’s management’s discussion and analysis for the three months and year ended December 31, 2024, a copy of which is available on SEDAR+ at www.sedarplus.com.

    “Distributable cash per share” and “payout ratio” are non-IFRS ratios that do not have a standardized meaning prescribed by IFRS, and therefore may not be comparable to similar ratios presented by other issuers. Distributable cash per share is defined as distributable cash, a non-IFRS measure, divided by the weighted average number of common shares outstanding during the period. The payout ratio is calculated by dividing the dividends per share during the period by the distributable cash per share, a non-IFRS measure, generated in that period. For further details, refer to the subsection entitled “Non-IFRS Ratios” under “Description of Non-IFRS Financial Measures, Non-IFRS Ratios and Supplementary Financial Measures” in the Corporation’s management’s discussion and analysis for the three months and year ended December 31, 2024, a copy of which is available on SEDAR+ at www.sedarplus.com.

    “Weighted average organic royalty growth” is the average same store sales growth percentage related to Mr. Lube + Tires, Oxford and Mr. Mikes (excluding the collection of Mr. Mikes deferred royalty management fees) plus the average increase in adjusted royalty income from AIR MILES®, Sutton (less 20% deferral in Q4, 2024), Nurse Next Door and Stratus over the prior comparable period taking into account the percentage weighting of each royalty partner’s adjusted royalty income in proportion of the total adjusted royalty income for the period, excluding BarBurrito as there was no full-period adjusted royalty income generated from BarBurrito in the prior period. Weighted average organic royalty growth is a supplementary financial measure and does not have a standardized meaning prescribed by IFRS. However, the Corporation believes that weighted average organic royalty growth is a useful measure as it provides investors with an indication of the change in year-over-year growth of each royalty partner, taking into account the percentage weighting of royalty partner’s growth in proportion of total growth, as applicable. The Corporation’s method of calculating weighted average organic royalty growth may differ from those of other issuers or companies and, accordingly, weighted average organic royalty growth may not be comparable to similar measures used by other issuers or companies.

    “Same store sales growth” or “SSSG” and “system sales” are supplementary financial measures and do not have standardized meanings prescribed by IFRS and therefore may not be comparable to similar measures presented by other issuers. SSSG and system sales figures are reported to DIV by its Royalty Partners – see “Third Party Information”. For further details, refer to the subsection entitled “Supplementary Financial Measures” under “Description of Non-IFRS Financial Measures, Non-IFRS Ratios and Supplementary Financial Measures” in the Corporation’s management’s discussion and analysis for the three months and year ended December 31, 2024, a copy of which is available on SEDAR+ at www.sedarplus.com.

    Third Party Information

    This news release includes information obtained from third party company filings and reports and other publicly available sources as well as financial statements and other reports provided to DIV by its royalty partners. Although DIV believes these sources to be generally reliable, such information cannot be verified with complete certainty. Accordingly, the accuracy and completeness of this information is not guaranteed. DIV has not independently verified any of the information from third party sources referred to in this news release nor ascertained the underlying assumptions relied upon by such sources.

    THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.

    Additional Information

    The information in this news release should be read in conjunction with DIV’s consolidated financial statements and management’s discussion and analysis (“MD&A”) for the three months and year ended December 31, 2024, which are available on SEDAR+ at www.sedarplus.com.

    Additional information relating to the Corporation and other public filings, is available on SEDAR+ at www.sedarplus.com.

    Contact:
    Sean Morrison, President and Chief Executive Officer
    Diversified Royalty Corp.
    (236) 521-8470

    Greg Gutmanis, Chief Financial Officer and VP Acquisitions
    Diversified Royalty Corp.
    (236) 521-8471

    The MIL Network –

  • MIL-OSI Submissions: Universities sign UK-Borneo strategic forestry research partnership – University of Birmingham

    Source: University of Birmingham

    24 March 2025 – The University of Birmingham and the University College Sabah Foundation (UCSF) have forged ties to create new opportunities exploring how forest ecosystems will behave in in the future as atmospheric carbon dioxide levels rise.

    Professor Robin Mason, Pro-Vice-Chancellor (International) at the University of Birmingham joined UCSF Vice-Chancellor Datuk Dr Rafiq Idris by video link to sign the Memorandum of Understanding (MoU).  

    The MoU will see Birmingham climate change experts working with their counterparts in Borneo to explore the potential for major forest experiments and to investigate how the island’s forests respond to pressures cause by climate change – particularly in relation to biodiversity.

    The partners will explore opportunities to develop a global research and education centre around forestry management and biodiversity focussed on the needs of the people and nature of Sabah State and beyond.  

    Their partnership also aims to establish knowledge-exchange initiatives around energy infrastructure optimisation and decarbonisation – particularly related to sustainable energy derived from biomass sources.  

    Professor Robin Mason commented: “The University of Birmingham has an excellent track record in this space – particularly in relation to research at our own large-scale Free-Air CO2 Enrichment (FACE) facility and its counterpart in the Amazon.

    “As we prepare to contribute to the global discussion on climate change at COP 30 later this year, we look forward to developing our partnership with University College Sabah Foundation in Borneo – pushing forward the boundaries of global forestry research and adding to our understanding of the impact of elevated carbon levels on the world’s forests.”

    Development of the partnership has been supported by UK-Malaysia strategic business advisers WIPPD. Initial discussions between the partners will get to grips with Sabah State’s energy priorities, as well as exploring opportunities for educational and training initiatives.

    Datuk Dr Rafiq Bin Idris commented: “This collaboration marks a significant milestone for UCSF’s partnership with the University of Birmingham. This collaboration reflects our shared commitment to advancing research and innovation. UCSF with other stakeholders will work together to participate and support in this global forestry and carbon research wherever possible. By working together, we aim to strengthen collaboration, enrich learning experiences and conduct research in strategic areas of mutual interest. We are happy to formalise this relationship through the signing of this MoU.”

    Mature forests are recognised as medium-term (decades long) carbon stores and natural climate solutions. The long-running FACE experiment at the University of Birmingham’s Institute of Forest Research (BIFoR), in central England, has contributed significantly to increasing global understanding of how forests may behave in response to changes in atmospheric carbon levels.

    FACE experiments mimic future atmospheric composition and provide valuable data on interaction between forests, atmosphere, and climate. In 2017, researchers at BIFoR established the long-term FACE experiment in a 180-year-old deciduous woodland dominated by 26-m tall English (or ‘pedunculate’) oak trees – six 30 metre diameter plots, three exposed to elevated CO2 with the other three plots acting as a control. The southeast Asian rainforests are one of the most important ecosystems for which a FACE experiment has yet to be attempted.

    Notes:  

    The University of Birmingham is ranked amongst the world’s top 100 institutions. Its work brings people from across the world to Birmingham, including researchers, teachers and more than 8,000 international students from over 150 countries.

    The most significant results to date from BIFoR FACE are published in Norby, R. J., … and A. R. MacKenzie (2024). Enhanced woody biomass production in a mature temperate forest under elevated CO2. Nature Climate Change. 14, 983–988. https://www.nature.com/articles/s41558-024-02090-3 .  

    The University of Birmingham is committed to achieving operational net zero carbon. It is seeking to change society and the environment positively, and use its research and education to make a major global contribution to the UN Sustainable Development Goals. Find out at www.birmingham.ac.uk/sustainability 

    The University of Birmingham is ranked 38th in the 2025 QS World Sustainability Rankings and rose 19 places in the 2024 People and Planet sustainability league table. Our global sustainability research is unlocking effective and equitable climate action and sustainability solutions.

    MIL OSI – Submitted News –

  • MIL-OSI New Zealand: Universities – The art of investing in alternative assets – UoA

    Source: University of Auckland (UoA)

    Lego, instruments, classic cars and baseball cards are among the alternative investments University of Auckland finance lecturer, Gertjan Verdickt, discusses in his new book The Passion Portfolio: Investing in Style.

    Co-authored with Jürgen Hanssens (senior manager at KPMG Belgium and an avid Lego collector) the book details the mechanics behind the world of ‘passion’ investing.

    The researchers offer readers an understanding of how the prices of passion investments evolve, along with the factors that drive these changes.

    “We want to help people navigate these often opaque markets, where transactions are infrequent, and where in some instances, exclusivity, rather than transparency, is both the norm and the value driver,” says Verdickt, whose investment portfolio includes wine.

    Verdickt and Hanssens discuss the pros and cons of various investments: wine, Lego, whisky, watches, bags, jewellery, art, stamps, instruments, vintage cars, precious metals and baseball cards.

    They provide average historical annual returns by examining at least twenty years of data for each object.

    Of all the investment options, whisky comes out on top with an average annual return of 17.52 percent. In second place is baseball cards, which posted an average annual return of nearly 13 percent compared to the stock market’s 10 percent.

    Research suggests that adding collectibles like whisky, baseball cards, or Lego to an existing stock portfolio can reduce overall portfolio risk, says Verdickt.

    Each chapter of his book follows a structured approach, examining the advantages and risks of different asset classes, their historical returns and key factors that influence their value. Readers can learn about the authentication process, assess long-term investment potential, and gain insights into platforms that track pricing.

    While passion investing can be lucrative, it’s also less regulated than traditional markets, increasing the risk of fraud. As such, Verdickt and Hanssens discuss how to spot counterfeit goods. They also explore arbitrage – where investors can take advantage of pricing discrepancies across different markets.

    A well-documented provenance and pedigree, says Verdickt, can significantly increase the value of an alternative investment and, in turn, boost its likelihood of being sold.

    The finance expert says passion investments require patience and expertise. “Unlike stocks, which can be sold at the click of a button, luxury assets are illiquid. A work of art is resold only once every nine years on average. Wine appreciates over decades. These are long-term investments that demand both knowledge and time.

    “Lego, on the other hand, is accessible to everyone, with relatively low initial capital required compared to many other collectibles.”

    Because demand for Lego sets remains high, while supply is relatively limited, it’s a more liquid investment than most other alternative assets, he says.

    “The book is for investors looking to diversify beyond traditional securities,” says Verdickt. “It’s also for people who are keen to put their money into something they love, something that’s tangible.”

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Property Sector – Meet Cotality: CoreLogic Embraces a New Name and Bold Vision for the Future of the Property Industry

    Source: CoreLogic

    CoreLogic to rebrand to Cotality, reflecting the company’s mission to unify property professionals, strengthen industry relationships and drive innovation globally.

    CoreLogic today announced its global rebrand to Cotality, marking the company’s progression to a leader in property information, analytics and data-enabled solutions from its origins in financial services supporting the mortgage industry.

    This rebrand introduces a new name, logo and brand identity that reflect the company’s transformation into an information services provider that is creating a faster, smarter and more people-centric property industry.
    “The property ecosystem underpins the prosperity of individuals, businesses, governments and society as a whole. But at the core, it’s people, businesses and communities that drive it forward. Cotality’s insights build on this, by turning questions into futures you can see,” said Patrick Dodd, President and CEO of Cotality.
    “This rebrand reflects innovation, evolution and commitment to uniting property professionals – strengthening businesses, fostering relationships and powering outcomes that balance logic and data with humanity and emotion. Our name is changing to demonstrate the company’s unmatched dedication and service to clients around the world.”
    The new name, Cotality, reflects the company’s deep commitment to collaboration and connectivity, both internally and externally, while honoring its CoreLogic roots. It also signifies its approach of totality, delivering comprehensive data and insights across the entire property ecosystem and beyond. Tying it all together is the company’s spirit of vitality – placing the idea that helping people thrive is at the center of every insight and workflow.
    “While remaining true to our core DNA, the time is right to launch a refreshed brand that captures our evolution,” said Lisa Claes, CEO of Cotality International, pointing to its significantly expanded capability and customer solution set following a suite of acquisitions, sustained product investment and strengthened industry partnerships.
     Alongside the new Cotality name sits the tagline: Intelligence Beyond BoundsTM. 
    This tagline serves as both a first impression and a powerful expression of the company’s identity. It is an embodiment of the seamless integration of data, technology, artificial intelligence, insights and people that inspire Cotality to collaborate across the entire lifecycle of properties and homeowners.
    “For CoreLogic Australia, New Zealand and UK, Cotality captures our unique position and reinforces to the market that we are part of a global, technology-enabled information services leader, whose solutions truly unlock Intelligence beyond bounds.”
    “Our new name and tagline reflect the essence of who we are and where we’re headed. This transformation is a natural evolution, honoring our roots while embracing a future defined by collaboration, innovation and impact,” said Kristie Vainikos Stegen, Chief Brand and Communications Officer of Cotality. “This isn’t just about a new look; it’s about harnessing the power of data and technology and empowering people – internally and externally – to drive meaningful change globally.”
    Cotality empowers industry professionals across home lending, insurance, real estate and government worldwide. With operations in the United States, Canada, the United Kingdom, Australia, New Zealand, India and Germany, Cotality’s new global brand identity will build on CoreLogic’s trusted legacy to deliver innovation and drive smarter decisions while expanding its global reach.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Energy Sector – Resource Management reform set to streamline desperately needed thermal generation – ERA

    Source: Energy Resources Aotearoa

    Energy Resources Aotearoa welcomes the prospect of new planning legislation to replace the Resource Management Act, reducing unnecessary red tape and streamlining decision-making about where development can and should be enabled while protecting the environment.
    Chief Executive John Carnegie says replacing the Resource Management Act with a Planning Act and Natural Environment Act will streamline consenting and provide confidence to investors looking to invest in our natural resources and build the thermal generation desperately needed to ensure a secure, resilient and affordable energy system.
    “It is widely acknowledged that under the current settings, the Resource Management Act is serving neither those who wish to utilise our abundant natural resources nor those who wish to protect them.”
    We’re pleased to see the government working from the basis that the clear allocation of property rights is a fundamental tenet of a well-functioning economy. This is critical to unlocking the investment we need to thrive and grow.
    It is crucial that the new proposed frameworks minimise blurred edges with other legislative frameworks, such as the Crown Minerals Act and the Climate Change Response Act.”
    Carnegie says it is great to see steps taken to improve decision-making by focusing on evidence-based outcomes.
    “New Zealand can’t afford to keep being a nation that says no – and as we’ve consistently said, we need a fuel and technology agnostic resource management system that enables access to develop our natural resources.”
    Carnegie says Energy Resources Aotearoa will input into policy detail to ensure all fuel and technology types are considered before the two new Acts are introduced into the House by the end of this year.
    “We look forward to working collaboratively with the Government to ensure the new settings reflect the urgent need to encourage the development of natural gas and its use by our exporters and power sector that we so badly need to keep the lights on.”

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Dargaville Police catch up with offenders

    Source: New Zealand Police (National News)

    Five people face charges after Police intercepted a convoy of stolen vehicles travelling through Dargaville.

    In the early hours of Sunday, a burglary occurred at a rural address near Mamaranui.

    Whangārei-Kaipara Area Commander, Inspector Maria Nordstrom says three vehicles were stolen from the address at around 1am.

    “These vehicles travelled in convoy south and into the Dargaville township, where one of our frontline staff members located them,” she says.

    “All three vehicles failed to stop for the unit near River Road, before beginning to drive at excessive speeds.”

    Police did not pursue the vehicles.

    “Police soon came across one of these vehicles which had collided with a house on River Road, and the driver was attempting to run on foot before being apprehended by police.”

    A second vehicle was located abandoned on State Highway 12 near Turiwiri.

    “The third stolen vehicle carried on travelling south, where spikes were successfully deployed near Pūhoi,” Inspector Nordstrom says.

    “Thanks to assistance from the Police Eagle helicopter and dog units, all four remaining offenders were quickly arrested.”

    All five offenders have been charged with burglary and multiple counts of unlawfully taking a motor vehicle.

    Those arrested are aged between 14 and 16.

    “I’d like to acknowledge the work of our Dargaville nightshift team who saw this matter to its conclusion holding all those offenders to account.”

    ENDS.

    Jarred Williamson/NZ Police

    MIL OSI New Zealand News –

  • MIL-OSI Submissions: Global Bodies – WHO in the Western Pacific urges decisive action to end TB

    Source: World Health Organization (WHO)

    Manila, 24 March 2025 – On World Tuberculosis (TB) Day, the World Health Organization (WHO) is calling for countries to invest in and deliver on commitments to end tuberculosis by 2030. This is especially urgent in the WHO Western Pacific Region, where nearly one in every five TB cases occur. With an estimated 1.9 million new cases and 95 000 deaths due to TB in 2023, the impact of this disease for families and communities in this Region is profound. Any delay in diagnosis or gap in care can have devastating consequences.

    TB is an infectious disease caused by bacteria that most often affect the lungs. It spreads through the air when people with TB cough, sneeze or spit. TB is preventable and curable with specific antibiotics, but it still kills more people than any other infection. Furthermore, if treatment is interrupted, TB bacteria can become drug resistant. Treatment of drug-resistant TB is more expensive and associated with more side-effects.

    Guidance from the Regional Framework on TB

    The regional TB response has been guided by the Western Pacific Regional Framework to End TB: 2021–2030.However, implementation of the Framework in countries in the Region is hindered by challenges such as limited health-care infrastructure, inadequate research and innovation capacity, unaddressed poverty and inequities, and lack of sustainable funding. Additionally, information on people with TB who are diagnosed by private health-care providers is often not reported to national TB programmes, making it difficult or impossible for them to receive the latest WHO-recommended diagnostics and treatment regimens.

    A recent article published in the International Journal of Tuberculosis and Lung Disease titled “The Western Pacific Regional Framework to End TB: Overview and critical reflection” examines the Regional Framework. Co-authored by WHO staff and partner agencies, the article underscores the urgency of transforming commitments into action, providing a road map for countries to implement the Framework and address persistent barriers to TB elimination.

    “Every missed TB case is a lost opportunity to save a life,” said Dr Saia Ma’u Piukala, WHO Regional Director for the Western Pacific. “We must turn our commitments into decisive action, ensuring that every person at risk gets the timely, high-quality diagnosis and care that they deserve.”

    Strengthening TB services and resilient health systems

    While most countries have integrated TB screening into their routine health services, some still face challenges. Strengthening these efforts will enable early detection and continuity of care, particularly in underserved areas. Modern approaches and tools − such as telemedicine, portable diagnostic devices and rapid tests – can help health workers detect TB cases early and ensure that treatment and services continue even during crises.

    The COVID-19 pandemic highlighted the vulnerability of TB services to crises, and demonstrated the need for resilient and scalable approaches. Countries need to ensure that diagnostics, medications and patient support remain available free of charge even during public health emergencies.

    To address underreporting of TB cases, public−private collaboration should be considered and improved. This can be done by linking private providers to national TB programmes, offering incentives for private sector reporting, and enforcing mandatory TB case reporting. This will help patients in private care access WHO-recommended diagnostics and treatments, which may be free or low-cost in the public sector.

    Innovation in diagnostics and treatments is also essential to strengthen TB care in both the public and private sectors. “Every cent invested in TB care and research brings us closer to a TB-free future. To get there, we need public−private partnerships and sustainable funding mechanisms,” said Dr Piukala.

    Addressing social determinants and improving multisectoral collaboration

    Addressing the social determinants of TB – which include poverty and inequities − requires a holistic approach with strong multisectoral involvement and accountability. Financial protection mechanisms, such as compensation for people who are being treated for TB and are unable to work, are essential to reduce economic hardship. Expanding social support programmes − for example, food assistance in high-risk communities − can also decrease the risk of TB infection. Improving access to care in underserved areas will help ensure more equitable treatment coverage.

    Effective implementation of the Framework requires strong local political commitment and context-specific interventions. With declines in sources of external funding for TB control, countries must increase domestic investment in TB programmes, incorporating control of the disease into national health budgets. Long-term, sustainable financing models are essential for continuous service delivery without reliance on external donors.

    WHO is providing clear guidance and targeted support to help countries turn commitments into action. This is essential to protect hard-won gains and achieve ambitious targets to end TB by 2030.

    “Ending TB is about upholding the right of every individual to live a healthy and dignified life,” said Dr Piukala. “With political commitment, sustainable funding and united action across sectors, we can accelerate progress and move closer to a TB-free Western Pacific.”

    MIL OSI – Submitted News –

  • MIL-OSI United Nations: New report on cultural heritage resilience in Venice now available

    Source: UNISDR Disaster Risk Reduction

    Venice has taken a significant step in strengthening the resilience of its cultural heritage with the publication of the Disaster Resilience Assessment of the city of Venice. This report is the outcome of a workshop held in July 2024, organized by the Venice Sustainability Foundation (VSF) in collaboration with the UN Office for Disaster Risk Reduction (UNDRR) Regional Office for Europe and Central Asia and CORILA (Consorzio per il coordinamento delle ricerche inerenti al sistema lagunare di Venezia).

    The workshop brought together local institutions, experts, and stakeholders to assess Venice’s cultural heritage resilience using the MCR2030 Disaster Resilience Scorecard for Cities: Cultural Heritage Addendum. The assessment helped identify gaps in current protection strategies, evaluate vulnerabilities of tangible and intangible heritage, and strengthen risk-informed planning for disaster resilience.

    Key findings from the report provide valuable insights for cities worldwide looking to enhance disaster risk reduction and cultural heritage protection strategies. The Venice Municipality has endorsed the report, and a follow-up consultation will take place in the coming months to facilitate knowledge exchange with other cities.

    MIL OSI United Nations News –

  • MIL-OSI USA News: More Investment, More Jobs, and More Money in Americans’ Pockets

    Source: The White House

    More Investment, More Jobs, and More Money in Americans’ Pockets

    Today, Hyundai announced a $20 billion investment in the United States — including $5.8 billion for a new steel plant in Louisiana, which will create nearly 1,500 jobs. The investment, which builds on Hyundai’s pledge earlier this year to “further localize production in the U.S.,” is the latest success in President Donald J. Trump’s pursuit of a Made in America renaissance.

    It’s further proof that President Trump’s economic agenda is working.

    Hyundai is far from the only automaker planning major investments as President Trump leverages tariffs to remake the U.S. into a global manufacturing powerhouse:

    • Stellantis announced a $5 billion investment in its U.S. manufacturing network — including re-opening an Illinois manufacturing plant — as it pledges to increase domestic vehicle production.
    • Volkswagen is considering shifting production of the high-end Audi and Porsche brands to the U.S.
    • Honda is expected to produce its next-generation Civic hybrid model in Indiana.
    • Nissan is considering moving production from Mexico to the U.S.
    • Rolls-Royce is expected to “ramp up” production in the U.S. by hiring more American workers and expand its U.S.-based operations.
    • Volvo is considering expanding its U.S.-based output.

    It’s not just the auto sector; domestic and foreign companies have pledged trillions in new investments since President Trump took office:

    • Project Stargate, led by Japan-based Softbank and U.S.-based OpenAI and Oracle, announced a $500 billion private investment in U.S.-based artificial intelligence infrastructure.
    • Apple announced a $500 billion investment in U.S. manufacturing and training.
    • Nvidia announced it will invest hundreds of billions of dollars over the next four years in U.S.-based manufacturing.
    • Taiwan Semiconductor Manufacturing Company (TSMC) announced a $100 billion investment in U.S.-based chips manufacturing.
    • Eli Lilly and Company announced a $27 billion investment in domestic manufacturing.
    • United Arab Emirates-based DAMAC Properties announced a $20 billion investment in new U.S.-based data centers.
    • France-based CMA CGM, a global shipping giant, announced a $20 billion investment in U.S. shipping and logistics, creating 10,000 new jobs.
    • Merck announced it will invest $8 billion in the U.S. over the next several years after opening a new $1 billion North Carolina manufacturing facility.
    • Clarios announced a $6 billion plan to expand its domestic manufacturing operations.
    • GE Aerospace announced a $1 billion investment in manufacturing across 16 states — creating 5,000 new jobs.
    • GE Vernova announced it will invest nearly $600 million in U.S. manufacturing over the next two years, which will create more than 1,500 new jobs.
    • London-based Diageo announced a $415 million investment in a new Alabama manufacturing facility.
    • Dublin-based Eaton Corporation announced a $340 million investment in a new South Carolina-based manufacturing facility for its three-phase transformers.
    • Germany-based Siemens announced a $285 million investment in U.S. manufacturing and AI data centers, which will create more than 900 new skilled manufacturing jobs.
    • Paris Baguette announced a $160 million investment to construct a manufacturing plant in Texas.
    • Switzerland-based ABB announced a $120 million investment to expand production of its low-voltage electrification products in Tennessee and Mississippi.
    • Saica Group, a Spain-based corrugated packaging maker, announced plans to build a $110 million new manufacturing facility in Anderson, Indiana.
    • Paris-based Saint-Gobain announced a new $40 million NorPro manufacturing facility in Wheatfield, New York.
    • India-based Sygene International announced a $36.5 million acquisition of a Baltimore biologics manufacturing facility.
    • Asahi Group Holdings, one of the largest Japanese beverage makers, announced a $35 million investment to boost production at its Wisconsin plant.
    • Samsung is considering moving its dryer production from Mexico to South Carolina.
    • LG is considering moving its refrigerator manufacturing from Mexico to Tennessee.
    • Italian spirits group Campari is “assessing the opportunities to expand its production in the U.S.”
    • Essity, a Swedish hygiene product manufacturer, is considering shifting production to the U.S.
    • Taiwan-based Compal Electronics is considering a U.S.-based expansion.
    • Taiwan-based Inventec is expected to expand its manufacturing operations into Texas.
    • LVMH, a French luxury giant, is “seriously considering” an expansion to its U.S.-based production capabilities.
    • Cra-Z-Art, the biggest toymaker in the U.S., said it will move a “large percentage” of its China-based manufacturing back home.
    • Prepac, a Canadian furniture manufacturer, announced it will move production from Canada to the U.S.

    MIL OSI USA News –

  • MIL-OSI New Zealand: Have you seen Ian?

    Source: New Zealand Police (National News)

    Police is seeking information on the whereabouts of Ian Wiki, who has been reported missing in the Takanini area.

    The 56-year-old was reported missing on Monday.

    Ian was last seen at his home address in Conifer Grove on Wednesday 19 March.

    Police and Ian’s family are concerned for his wellbeing and would like to see him return home.

    If you have seen Ian or have information on his whereabouts, you can update Police online now or call 105.

    Please use the reference number 250324/4830.

    ENDS

    Jarred Williamson/NZ Police

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Charges laid over Symonds Street crash, investigation continuing

    Source: New Zealand Police (National News)

    Police are continuing to investigate a crash on Symonds Steet in central Auckland on Monday afternoon.

    Auckland City Road Policing Manager acting Inspector Scott Jones says five pedestrians were injured in the crash, two of which were treated at the scene.

    “One man remains in a serious but stable condition in Auckland City Hospital, with two others recovering at home.”

    Acting Inspector Jones says the 20-year-old driver has been arrested and charged with three counts of careless driving causing injury.

    He has also been forbidden to drive.

    “The driver has been bailed to appear in the Auckland District Court on 28 March,” acting Inspector Jones says.

    “Our investigation is continuing into the circumstances of the crash, and we cannot rule out further charges being laid.”

    ENDS.

    Jarred Williamson/NZ Police

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: INVESTOR SUMMIT SPEECH

    Source: New Zealand Government

    Ka nui te mihi kia kotou, kia ora, and good morning everyone. 
    To those of you visiting us from overseas, can I extend a very special welcome to each and every one of you. 
    Welcome to New Zealand, welcome to the best country on planet Earth, and welcome to our stunning Auckland waterfront. 
    And to all those Kiwis I see in the room today, thank you for being here and showcasing some of the extraordinary businesses and talent that exists in our business community. 
    And it was a real pleasure to meet many of you informally last night, and my Ministers and I are really looking forward to spending much more time with you over the next two days. 
    I meant it before when I said this is the best country on planet Earth. 
    Because what makes New Zealand so very special and unique is our Kiwi Spirit which is exemplified in the qualities, character, and attitude of New Zealanders.  
    For us, it‘s about resilience and determination, ingenuity and innovation, adventure and exploration, creativity and practical problem-solving, humility and mateship, fairness, and a deep care for our land and community. 
    It’s no surprise that growing up in New Zealand, our heroes are Kiwi trailblazers and pioneers, people who have dared to push boundaries, challenge the status quo, and leave a lasting mark on the world.
    From our early Māori explorers navigating vast oceans guided by the stars, to modern-day adventurers like Sir Edmund Hillary conquering Everest.   
    To Ernest Rutherford, the father of nuclear physics, who split the atom and revolutionised our understanding of science. To Rocket Lab’s Peter Beck and his groundbreaking developments in rocket technology launching satellites into space. 
    And Kate Shepperd, who secured New Zealand women the right to vote – the very first country in the world to do so. 
    And our phenomenal athletes who show the world what determination and talent can achieve. Or the stunning world of The Lord of the Rings created by one of our most creative storytellers – Peter Jackson.
    We may be a small country, but time and again, we have proven that size is no barrier to greatness. From the peaks of Everest to the frontlines of social progress, from scientific breakthroughs to arts and sporting legends, Kiwis have led the way.
    And we’re living in an age when New Zealand has never been closer to the action – right in the middle of the booming Indo-Pacific with direct connections to Asia and North America. 
    With the weight of global economic activity shifting from the Atlantic to the Pacific and digital connections breaking down barriers, New Zealand has never been closer to the world.  
    But for all our spirit and hard work, we also know New Zealand can’t do it alone. 
    We’re a small country of around five million people like Ireland, Singapore, and Denmark. 
    Just as those countries have prospered by tapping into larger markets, building stronger international connections, and fostering trade and investment, New Zealand needs to do the same. 
    If we want our country to thrive, we need to work even harder to compete on the world stage – and, in particular, to unlock the commercial partnerships that will supercharge the next generation of growth in the New Zealand economy. 
    That means the Government will work more with Industry to deliver much of the infrastructure and projects that will be showcased over the next two days. 
    Many of your organisations will have extensive experience delivering outstanding world-class infrastructure to national and regional governments worldwide.
    I want New Zealand to seize every opportunity to partner with the private sector and deliver a fresh generation of infrastructure investment to unleash economic growth.  
    But it’s not just infrastructure. 
    I want to develop closer ties between outstanding New Zealanders and their companies based here, with investors and organisations based offshore.  
    I also want to unlock more partnerships between indigenous Iwi Māori organisations and commercial investors, whether they are based in Auckland or Abu Dhabi, Dunedin or Denver.  
    I want start-ups based in Christchurch and Hamilton fighting for seed capital in San Francisco and London – winning their share of global influence and success. 
    Breaking perceptions about the New Zealand economy is critical to that. 
    Yes, we have globally competitive dairy, film, and tourist industries, but our space industry is also operating at the cutting edge, ranking fourth in the world for launches behind the US, China, and Russia. 
    Over the next two days, you will hear more about our plan to unleash growth and ensure New Zealand reaches its full potential. 
    We want you to join us on that journey, and we will have several opportunities on display. 
    That will include the opportunity to deliver infrastructure in partnership with the Crown – both in the form of immediate opportunities and the pipeline of projects going forward. 
    It will include working with Iwi Māori organisations to grow their businesses as they make a multigenerational investment in their people. 
    It will include opportunities in a range of specific sectors where we believe New Zealand has a unique role to play and where we expect the Government to focus its efforts on growth. 
    In the very short term, we have made good economic progress in our first year in Government, although there’s still a long way to go. 
    New Zealand is now in the early stages of a cyclical economic recovery, with growth beginning to pick up and unemployment expected to peak around its current rate. 
    Inflation has fallen and now sits comfortably anchored within the Reserve Bank’s target band at 2.2%. 
    Annual tourism expenditure was up 23% last year, and services and manufacturing activity have returned to growth after extended periods of contraction. 
    Business confidence is at around its highest level in a decade. As confidence has risen, retail trade has picked up, and growth is expected to rise, hitting 3% in 2026. 
    So, there’s now cause for optimism in the New Zealand economy that the recovery is underway and better days lie ahead. 
    For policymakers here in New Zealand, that poses an opportunity – not just to watch the economic recovery, but to shape it. 
    Step-changing economic productivity, lifting incomes, creating jobs, and unleashing the investment New Zealand needs to become much more prosperous.  
    Which brings us to today. 
    I know the only way we will raise incomes, lift New Zealanders’ standard of living, and fund the quality public services we rely on is by unlocking more investment, more innovation, and more entrepreneurship.
    Having broken inflation last year, our collective focus has now turned to shaping the economic recovery – ensuring we take every possible step to lift New Zealand’s economic performance. 
    That renewed energy and effort forms the backdrop of this Summit. 
    My Government is working around the clock to make New Zealand an outstanding place to do business. 
    But before I highlight some of those reforms and my economic priorities as Prime Minister, I want to make a more fundamental point about New Zealand as an investment destination. 
    New Zealand has been and will continue to be a poster child for social and political stability in a more volatile and challenging world. 
    That reputation is long-standing, but in challenging times, it has come into sharper focus. 
    We stand up for our values and live by them, too. That means respecting civil liberties, private property and private life, and the democratic and social institutions that underpin them. 
    We consistently advocate for a rules-based international order that allows small countries like New Zealand to thrive. Free trade isn’t just an idea in New Zealand; it’s the bedrock of our prosperity. 
    For farmers and growers living in rural New Zealand, it has allowed a modern economic miracle: the opportunity to not just collectively operate one of the most efficient agricultural sectors in the world but to live in some of the most stunning parts of the world while they do it. 
    Finally, we might disagree sometimes – but we’re not disagreeable. Over the next two days, you will hear from various political leaders.
    You will hear from senior Ministers representing each of the three political parties in our Coalition Government, as well as Barbara Edmonds, the Labour Party’s Opposition Finance Spokesperson.  
    It’s pretty normal in New Zealand for political parties to disagree with each other – often loudly, and sometimes even with my own Coalition colleagues. 
    But I believe the broad political representation that is here demonstrates that most New Zealanders share the same motivations – higher incomes and more financial freedom, quality public services, and a long-standing belief that our best days lie ahead of us. 
    When you look at all the tension, volatility, and strife in the world today, I think that makes us pretty special, and a very attractive destination for anyone looking to take shelter from the global storm. 
    Political stability, however, is not an excuse for a lack of ambition. 
    You should be under no illusions about my commitment to the Government’s growth agenda and the reforms we are pushing through to unleash investment in the New Zealand economy. 
    Last month, Minister for Economic Growth Nicola Willis published our Government’s Going for Growth Agenda – we have copies for you here – which outlines a range of actions we are taking to get the New Zealand economy moving and realising its vast potential. 
    Each of those actions fits into one of five pillars we have identified as critical to lifting economic growth and improving New Zealanders’ standard of living:

    Developing talent,
    Encouraging innovation, science, and technology,
    Introducing competitive business settings,
    Promoting global trade and investment,
    And delivering infrastructure for growth. 

    Across each of those pillars, we have Ministers from across the Government working day and night to drive through reform – in transport,  tourism, aquaculture, construction, advanced aviation, mining, energy, agriculture, and horticulture. 
    Over the next two days, you will hear much more about our work programme in those areas that will play a critical role in the next phase of New Zealand’s growth story – with more information on a series of specific investable propositions available in the private sector. 
    Among that reform programme are some significant changes designed to achieve a profound step change in the New Zealand economy that I would like to touch on today. 
    For a start, we are clearing away decades of broken planning law – brick by brick. 
    We have introduced the Fast Track regime, which streamlines the consenting process for projects that are regionally and nationally significant. 
    In short, instead of seeking different permissions under different laws, under Fast Track, it’s all done in one place, with a faster process and fewer hurdles to getting underway. 
    That regime is now up and running, and I know a number of projects have already submitted applications since it became operational last month. 
    In short, if you want to build a wind farm, a highway, a quarry, hundreds of new homes, or any other regionally or nationally significant projects, we are busting down the doors to make it happen faster and cheaper. 
    149 projects have already been listed in legislation, but nothing prevents new projects from applying for referral into the scheme. 
    And it doesn’t stop with Fast Track. 
    Further planning reforms are also on the way, including a total replacement of the Resource Management Act. 
    We are also eliminating the barriers to more significant investment in energy and generation to unleash abundant, affordable energy. 
    The impact of unaffordable and unreliable energy on economic growth has been brought into the spotlight in recent years following the Russian invasion of Ukraine. 
    Industries in Europe that had historically relied on access to low-cost natural gas came under tremendous strain, putting pressure on growth and household incomes. 
    In New Zealand, we are lucky that 85% of electricity generation is already renewable, thanks to decades of investment in hydro, wind, solar, and geothermal.  
    But we can’t risk falling short in the years to come. So, as a Government, we are tearing down the barriers to fresh energy investment. That means introducing more permissive rules for renewables.
    But it also means ending restrictions on offshore oil and gas exploration – and providing certainty for market participants by confidently saying that gas has to be part of New Zealand’s energy mix going forward.  
    At the same time, we are making it easier to invest in New Zealand from offshore.  
    That started last year, with fresh directives to our Overseas Investment Office, which slashed processing times and made applications more predictable. 
    Today, an application for offshore investment is approved within 18 days on average, compared to 28 days prior to those changes.
    And two weeks ago, we announced upcoming changes to legislation designed to further improve the timeliness and reliability of our overseas investment regime. 
    We also announced just last month that, from April 1 this year, individuals who invest at least $5 million in New Zealand will be eligible for an Active Investor Visa, with a pathway to residency after three years. 
    I know that for many of you from offshore in this room, that will be positive news. But as a New Zealander, I have to say it’s an even bigger deal for the sharp, ambitious Kiwis here and all around the country, who are hungry for capital and hungry to grow. 
    We know the impact foreign investment has on local businesses. It’s not just the capital investment; it’s the skills, connections, and linkages into new markets. 
    That translates into higher wages, more jobs, more money in Kiwi wallets, and more resilient businesses that make an even greater contribution in the community. 
    We need more of it, especially for a small country hungry to grow like New Zealand, which is why I have invited many of you here today. 
    I believe New Zealand’s best days are ahead of us—and we can make them happen if we get serious about partnering with commercial expertise to solve some of our biggest economic challenges and seize on the huge economic opportunities ahead of us. 
    Helping to end New Zealand’s infrastructure deficit through private sector partnership.
    Fattening out our capital markets and opening up new sectors for growth.
    Strengthening our connections to the world, enhancing technology, lifting productivity, and opening new markets for our products and services. 
    Over the next two days, you will hear from a range of leaders—cabinet Ministers, business leaders, and Iwi Māori leaders—who I know are committed to responding to our challenges and opportunities. 
    There will also be plenty of time across both days for closer interactions and to discuss the opportunities and challenges that you are confronting in your own businesses. 
    While you’re here, please also enjoy our hospitality and culture. We’re not just here to do business—we’re here to build relationships and make the case for New Zealand as an outstanding country to invest in, to visit, and to establish roots in. 
    So once again, and on behalf of the New Zealand Government and the New Zealand people, welcome to this year’s Summit. 
    I’m excited to get stuck in – and I can’t wait to hear more from you over the next two days about your approach to business and the difference you could make for growth, investment, jobs, and opportunity for us here in New Zealand. 
    Thank you. 

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Five years on since New Zealand’s first COVID-19 lockdown

    Source: New Zealand Government

    Today marks the fifth anniversary of the first COVID-19 lockdown for New Zealand. The country remained at alert level 4 until 27 April 2020. 
    New Zealand experienced further lockdowns in 2021, with Auckland and Northland remaining in lockdown for longer than other parts of New Zealand.
    “I know that many New Zealanders are still experiencing the impact of the pandemic years after it first started, whether that’s on their business, their children’s education, or their health”, says Ms van Velden. 
    “As we take the time to reflect on the anniversary of the first COVID-19 lockdown in New Zealand, I would encourage the public to submit their thoughts to the Inquiry on matters within the terms of reference; including the use of vaccines, lockdowns, testing, and public health materials.”
    Last year the Government announced there would be a second phase of the Inquiry into COVID-19 covering outstanding matters of public concern. Both the ACT-National and New Zealand First-National coalition agreements include commitments to expand the Inquiry into COVID-19. Phase 2 of the Inquiry began on 29 November and will deliver the final report in February 2026. 
    Any member of the public can submit to the Inquiry using the portal at www.covid19inquiry.nz. Submissions close at midnight on 27 April 2025.
    “It’s important that New Zealanders tell the Inquiry about their experiences so we can be better prepared as a country for any future events. I look forward to seeing the final report and recommendations delivered to me in February 2026.” 
    The full terms of reference for Phase 2 of the Inquiry is available here: https://www.legislation.govt.nz/regulation/public/2022/0323/latest/LMS792965.html 

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Night closures planned next month for State Highway 2 Remutaka Hill

    Source: New Zealand Transport Agency

    One week of night closures are coming for State Highway 2 Remutaka Hill.

    The route is set to be closed to traffic for five nights, 9 pm to 4 am, from Sunday, 6 April until Thursday, 10 April.

    Because State Highway 2 over Remutaka Hill is narrow and winding, there is not enough space to accommodate traffic and maintenance equipment. A full closure allows maintenance works to be finished much faster and with fewer disruptions for traffic.

    SH2 Remutaka Hill summit

    Roxanne Hilliard, Wellington Alliance Manager, says it will be the only full week of night closures between now and the middle of the year.

    “While further closures are planned in May and June, both of these will only be for a single night.

    She says work crews will be making the most of the closure to make sure the route is in the best possible shape for the wet winter months.

    “They will be clearing slip and rockfall debris, replacing signs, as well as  doing paving work and safety barrier repairs.”

    “Keeping debris off the road and out of drains is essential. When it rains, we want to ensure water doesn’t run across the road as it is a safety risk,” Ms Hilliard says.

    She says the resurfacing work and barrier repairs are critical too.

    “A smoother road is a safer road and motorcyclists, in particular, have a higher crash rate compared to other vehicles on the Remutaka Hill. The safety barriers provide vital protection for them if things go wrong.”

    She urges regular users of the route to ensure they are ready for the closures and to book an escorted crossing if they need to travel over the Remutaka Hill at night

    “If you are not booked, you may not be able to join a crossing. We absolutely do not want drivers to be in this situation, given that the only detours are a much longer trip via the Paihiatua Track or Saddle Road,” Ms Hilliard says.

    Important information for Remutaka Hill closures:

    • Escorted crossings are available during closure nights but must be booked in advance. We always communicate well before planned closures and provide contact details so bookings can be made.
    • Bookings can be made online on the Waka Kotahi website – Remutaka Hill Closure Escort Booking Form(external link)
    • Bookings are essential – drivers who turn up without one risk being turned away. If you have a genuine emergency on the night, the hill manager will decide how best to help you.
    • The escorted crossings are for light vehicles only. To keep our contractors safe, heavy vehicles cannot be accommodated.
    • Full access is always available for emergency services.

    More information about planned maintenance closures for Remutaka Hill can be found on our website:

    State Highway 2, Remutaka Hill, planned night closures. January – June 2025:

    Nights closed Start 9 pm Finish 4 am

    5

    6 April

    11 April

    1

    18 May

    19 May

    1

    15 June

    16 June

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: SH3 south of new Waitara Rd roundabout being rebuilt/resealed

    Source: New Zealand Transport Agency

    A stretch of State Highway 3 either side of the new Waitara Road intersection roundabout will be rebuilt over the next 2 months.

    Crews will begin the work next Monday (31 March), focussing initially on a section of SH3 south of the intersection with Waitara Road.

    To complete this rebuild safely and efficiently, this section of SH3 will be closed at nights, from 8pm to 5.30am, Monday to Friday. During the day it will remain open under a temporary speed limit.

    The work is expected to wrap up on Thursday 17 April.

    During the work, a detour will be in place via Richmond Road, Kairau Road East, and Waitara Road at night. The detour will add 5 minutes to journey times.

    Residents will continue to have access to their properties during the night closures.

    Emergency services will also be able to travel through the site.

    Crews are also planning a rebuild on SH3 north of the intersection to take place in May, and details will follow once confirmed.

    Rebuilding the road involves removing the existing road surface and underlying road structure (pavement) and replacing it with new materials. This will boost the resilience and durability of that section of the road, ultimately benefiting the safety and efficiency of travel as well.

    NZ Transport Agency Waka Kotahi understands the closures will be frustrating however by closing these sections at night, the work can be finished a lot quicker than if it was done under stop/go traffic management.

    Please drive to the conditions and expect delays while driving the detour.

    Waitara Road roundabout

    The road rebuilds are part of the SH3 Te Ara Tūtohu: Waitara to Bell Block work.

    Construction on the Waitara Road roundabout will continue during the day, while the road is rebuilt at night.

    Construction of the roundabout is progressing well. It is being built in stages and is expected to be complete later this year.

    From late April to late May, we will start on Stage 4 of the Waitara Road roundabout which will see the completion of the roundabout.  

    Elsewhere on SH3, between New Plymouth and Tongapōrutu

    • Crews will begin work on Sunday 30 March to complete asphalt surfacing on SH3 at Strandon, between Paynters Avenue and Mangaorei Road. The work is expected to take 3 nights and during that time, a single lane closure will be in place but both directions of traffic will continue to use the site, with minimal delays.
    •  Work to install a roundabout at the intersection of SH3 and Mangorei Road, south of New Plymouth continues, with much of the initial enabling works complete.

    Crews will begin the reconstruction of the road at this intersection from Sunday 30 March.

    This work will be completed at night (6pm-6am, excluding Friday and Saturday nights) under stop/go traffic controls, with access to/from Mangorei Road at SH3 closed during works.

    During the day (6am-6pm), and on Friday and Saturday nights, SH3 will return to contraflow (two-way) traffic controls, with access to/from Mangorei Road open.

    The Waitara to Bell Block detour

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: The beautiful menace threatening our waterways

    Source: Auckland Council

    Last summer, a couple out exercising their dog took their usual walk around a local public reserve in Pukekohe.

    As they passed a stormwater pond, something caught their eye: a vibrant green plant with purple flowers, floating on the water’s surface. It looked healthy, almost ornamental. Only a few months later, that seemingly innocent plant had exploded across three-quarters of the water’s surface, forming an impenetrable mat.

    Cloverlea Reserve pond covered in pest water lilies.

    Water hyacinth (Pontederia crassipes) is a serious water weed and is infamous for its invasive, fast-growing nature. Given the right conditions, a single small infestation can double in size in just one to two weeks.

    At first glance, water hyacinth may appear too pretty to be a problem with its stunning lilac-coloured flowers from mid-summer to early autumn, each stalk boasting up to 20 delicate blooms. But beneath its beauty lurks an ecological nightmare.

    Water hyacinth doesn’t just spread outward – it grows downward, with roots extending up to a metre deep. It forms dense mats that can reduce water quality, change water flows and increase sediment, crowding out native aquatic plants and animals, altering ecosystems, destroying habitats, and blocking irrigation systems.

    It is also an expert at long-term survival. Each water hyacinth flower, once fertilized, produces hundreds of tiny seeds that sink to the bottom of waterways where they can remain viable for three decades, waiting for the perfect conditions to sprout.

    Water hyacinth is an unwanted organism in New Zealand, meaning it is illegal to sell, grow, display or distribute it. It is also a notifiable organism – so if you do spot it, you must report it immediately to Biosecurity New Zealand.

    Thanks to the sharp eyes of the Pukekohe couple, the outbreak in their local park was identified before it could spread further. Biosecurity officers were able to remove the plants, and the pond will be monitored for the next 30 years.

    Cloverlea Reserve after treatment.

    What Can You Do?

    Be on the lookout: Water hyacinth has round, glossy green leaves and distinctive lilac flowers.

    Help spread awareness: This invasive water weed may seem like a good choice for aquariums or garden ponds, so many people don’t realize they are illegal and harmful.

    Never release aquatic plants into the wild: Many invasive species start as discarded garden or pond plants. Biosecurity New Zealand can dispose of these pest plants safely.

    New Zealand’s biosecurity depends on all of us. If you think you’ve found water hyacinth, report it to Biosecurity New Zealand at 0800 80 99 66 or https://report.mpi.govt.nz/

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Greens question Govt commitment to environmental protection with RMA reform

    Source: Green Party

    The Greens are calling on the Government to follow through on their vague promises of environmental protection in their Resource Management Act (RMA) reform.

    “We have seen this Government bulldoze over biodiversity, freshwater and environmental protections for the sole purpose of profit and now they expect us to believe them when they say they are committed to protecting our natural world,” says the Green Party’s spokesperson for Environment, Lan Pham. 

    “Together, we can build a future that works for everyone, within the limits of our fragile planet. To do so we need an effective planning and resource management system that provides the tools we need to plan our way to a better future.

    “We know what ‘continuing to protect the environment’ means to this Government. It means removing freshwater protections, bulldozing over our biodiversity, mining on conservation land and fast-tracking the already rapid deterioration of our natural world. 

    “The Greens would love to see the Government cut through the political posturing and actually create a system that protects the environment and prioritises the public good ahead of the private gain they are constantly pandering to. 

    “We plan on holding the Government to account to ensure these RMA reforms do not become the latest smash and grab against the environment,” says Lan Pham.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Economy – Report calls for collective action to improve access to bank accounts – Reserve Bank

    Source: Reserve Bank of New Zealand

    25 March 2025 – New research commissioned by the Reserve Bank of New Zealand – Te Pūtea Matua has highlighted barriers that can prevent some New Zealanders from opening bank accounts.

    The research, titled First steps to financial inclusion, was conducted by ThinkPlace New Zealand and explored opening bank accounts from the perspective of frontline bank staff and customers. It found that certain groups were reported to be most likely to find it difficult to open a bank account, including recent migrants, rural communities, the elderly, people with disabilities, and trusts (including Māori trusts).

    “Financial inclusion empowers people to manage money, build confidence, and engage in the economy. Addressing barriers to financial participation is a strategic priority aligned with our modernised legislation,” says Assistant Governor Simone Robbers.

    Frontline banking staff play a key role in helping customers open accounts, but some participants reported that they are not able to open accounts for some people. From a survey of 722 frontline staff, a third of frontline staff said that they had not been able to open an account for someone often (on a monthly basis) or very often (on a weekly basis). Some of these cases may be temporary while others may be long term.

    The most common barriers reported by participating staff include lack of proof of address, complex paperwork, lack of photo identification, language barriers and lack of access to a bank branch.

    Other findings:

    Risk appetite: 76% of participating staff noted being encouraged to take a cautious or very cautious approach to onboarding.
    Awareness: 60% of frontline staff reported that their employer had policies in place to support flexibility and exceptions for onboarding customers, 40% of frontline staff reported that their employer did not have such policies in place, or they were not sure.
    Staff training: Nearly half participating frontline staff said they were trained on how to apply flexibility in the onboarding process, while 31% said they had not been trained and 15% were not sure.

    The research also highlighted existing practices that support financial inclusion, such as extra care teams, customer education, policy changes, and both digital and in-person onboarding.

    “This research provides a snapshot of the onboarding experience in Aotearoa New Zealand and outlines the shifts needed to promote efficient and inclusive access to bank accounts,” Ms Robbers says.

    While the research fills some gaps in understanding access to bank accounts, they also highlight the need for further research (for example, on the annual number of declined bank account applications). The insights from this report will help to inform our upcoming initiatives, including on Financial Inclusion Indicators, Māori Access to Capital, and our work with the Council of Financial Regulators on basic transaction accounts.

    “The Reserve Bank remains committed to working with banks, regulators, and community groups to remove barriers and promote financial inclusion for all New Zealanders,” Ms Robbers says.

    More information

    Read the full report  : https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=02dd182a11&e=f3c68946f8

    MIL OSI New Zealand News –

  • MIL-OSI Asia-Pac: INDIAN NAVY’s MAIDEN INITIATIVES OF INDIAN OCEAN SHIP SAGAR (IOS SAGAR) AND AFRICA INDIA KEY MARITIME ENGAGEMENT (AIKEYME)

    Source: Government of India (2)

    Posted On: 24 MAR 2025 6:00PM by PIB Delhi

    Over the past ten years, Indian Navy has deepened its partnerships with maritime agencies of Indian Ocean Region (IOR), to enhance maritime security in consonance with the GoI’s vision of Security and Growth for All in the Region (SAGAR). Indian Navy has been collaborating with navies of IOR countries on several initiatives such as joint naval exercises, coordinated patrols, information sharing, HADR efforts, capacity building and other diplomatic engagements. With SAGAR entering its second decade, and the announcement of Mutual and Holistic Advancement for Security Across the Regions (MAHASAGAR) by Hon’ble Prime Minister, during his visit to Mauritius in March 2025, Indian Navy is launching its maiden initiatives of IOS Sagar and AIKEYME, which are aimed at consolidating Indian Navy’s stature as the ‘Preferred Security Partner’ and ‘First Responder’ in Indian Ocean Region.

    IOS Sagar

    Indian Ocean Ship (IOS) Sagar, is an initiative towards continued cooperation with IOR nations. One Indian Naval ship (INS Sunayna) is being deployed to the Southwest IOR with a combined crew of India and nine Friendly Foreign Countries (Comoros, Kenya, Madagascar, Maldives, Mauritius, Mozambique, Seychelles, Sri Lanka , South Africa). The ship is planned to be deployed for over a month in April 2025, and would be undertaking port calls at Dar-es-Salaam, Nacala, Port Louis, Port Victoria and Male and Joint surveillance of Exclusive Economic Zones (EEZs) of Tanzania, Mozambique, Mauritius and Seychelles.

    The personnel from FFCs would undergo a training capsule of two weeks at various naval professional schools at Kochi, including training at Sea. The FFC personnel would be engaged in wholeship activities, watch keeping and other events related to their respective branches/ trade. The participants of IOS Sagar are also planned to witness harbour phase activities of Exercise AIKEYME at Dar-es-Salaam, Tanzania.

    AIKEYME

    India and Africa give immense importance to maritime security and have reiterated their commitment to increase cooperation in tackling maritime security threats such as piracy, illegal activities including trafficking, unregulated and unreported fishing through sharing of information and surveillance. A large scale multilateral maritime engagement exercise with African Countries, titled as ‘Africa India Key Maritime Engagement’ also known as ‘AIKEYME’, which means ‘Unity’ in Sanskrit is an initiative in this direction to enhance interoperability with the navies/ maritime agencies. The maiden edition of the exercise is being co-hosted by Indian Navy and Tanzania Peoples’ Defence Force (TPDF) and would be conducted at/ off Dar-es-Salaam, Tanzania, and is planned to be inaugurated by Hon’ble RM Shri Rajnath Singh in mid-April 2025. The exercise is planned over six days and includes participation from Comoros, Djibouti, Eritrea, Kenya, Madagascar, Mauritius, Mozambique, Seychelles and South Africa in addition to the co-hosts. The Harbour Phase of the exercise would include TableTop and Command Post exercises on Piracy and Information sharing, along with training on Seamanship and Visit Board Search and Seizure (VBSS). The Sea Phase comprises Seamanship evolutions, Search and Rescue, VBSS, Small Arms firing and Helicopter Operations.

    _____________________________________________________________

    VM/SPS                                                                                                        64/25

    (Release ID: 2114491) Visitor Counter : 50

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Development and Promotion of Tourist Sites

    Source: Government of India (2)

    Posted On: 24 MAR 2025 4:05PM by PIB Delhi

    Development and promotion of tourist destinations and products, is undertaken by the respective State Government/UT Administration. The Ministry of Tourism complements the efforts of States/UTs by developing and promoting various tourism products of the country, including religious and cultural tourism through various schemes and initiatives.

    The Ministry of Tourism through its central sector schemes of ‘Swadesh Darshan (SD)’ and ‘Pilgrimage Rejuvenation and Spiritual, Heritage Augmentation Drive (PRASHAD)’ complements the efforts of tourism infrastructure development in the country by extending financial assistance to the State Governments/UT Administrations.

    The Ministry of Tourism had undertaken a third party impact assessment of Swadesh Darshan (Integrated Development of Theme-Based Tourist Circuits) through National Productivity Council in 2019. The study states that ‘Swadesh Darshan Scheme’ has been able to give a fillip to livelihood opportunities and create employment for the local communities in construction phase.

    The Ministry of Tourism after a comprehensive review has now revamped this scheme as Swadesh Darshan 2.0 with the objective to develop sustainable and responsible tourism destinations.

    The Swadesh and PRASHAD Schemes aim to boost local economies and create jobs by developing infrastructure, marketing destinations, and supporting community-based tourism.

    Ministry of Tourism has also been providing financial assistance to State Governments/ UT Administrations for organizing fairs/festivals and tourism related events under its Domestic Promotion & Publicity including Hospitality (DPPH) Scheme.

    Ministry launched the ‘Chalo India’ campaign during its participation in World Tourism Market held in London in November 2025 to encourage the Indian diaspora to become Incredible India ambassadors and encourage their non-Indian friends to visit India. As an incentive under this initiative gratis e-tourist visa for foreign visitors traveling to India is granted, the program is valid till 31 March 2025.

    Ministry of Home Affairs has relaxed the Protected Area Permit (PAP)/Restricted Area Permit (RAP) for a further period of 5 Years i.e. till 31.12.2027 for the identified Islands in the Union Territory of Andaman & Nicobar Islands.

    Ministry of Home Affairs has issued relaxation of PAP/RAP for a further period of 5 years beyond 31.12.2022 in the states of Manipur, Mizoram and Nagaland.

    This information was given by Union Minister for Tourism and Culture Shri Gajendra Singh Shekhawat in a written reply in Lok Sabha today.

    ***

    Sunil Kumar Tiwari

    tourism4pib[at]gmail[dot]com

    (Release ID: 2114405) Visitor Counter : 67

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Wedding Tourism

    Source: Government of India (2)

    Posted On: 24 MAR 2025 4:05PM by PIB Delhi

    Development and promotion of tourist destinations and products, including wedding tourism is undertaken by the respective State Government/Union Territory Administration. The Ministry complements the efforts of States/UTs by promoting various tourism products of the country, including wedding tourism through various initiatives.

    The Ministry of Tourism launched a promotional campaign “India says I do” which aims at showcasing India as a premier wedding destination on the global stage. The campaign aims to leverage digital marketing, website, social media campaigns, influencers, offline and online activations.

    The Ministry of Tourism in collaboration with Department of Tourism, Government of Rajasthan and Federation of Indian Chambers of Commerce and Industry (FICCI) organized the ‘Wed in India’ expo alongside the Great India Travel Bazaar at Jaipur on 5thMay 2024. The event was attended by wedding planners from India and abroad, State Governments, media, international and domestic tour operators and event management companies.

    Registration of marriages is dealt by the local administrations in various States and Union Territories.

    This information was given by Union Minister for Tourism and Culture Shri Gajendra Singh Shekhawat in a written reply in Lok Sabha today.

    ***

     

    Sunil Kumar Tiwari

    tourism4pib[at]gmail[dot]com

    (Release ID: 2114406) Visitor Counter : 76

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Promotion of Cruise and Adventure Tourism

    Source: Government of India (2)

    Posted On: 24 MAR 2025 4:02PM by PIB Delhi

    Development and promotion of tourist destinations and products, including adventure tourism is undertaken by the respective State Government/Union Territory (UT) Administration. The Ministry complements the efforts of States/UTs by developing and promoting various tourism products of the country, including cruise tourism through various schemes and initiatives.

    The Ministry of Tourism through its central sector schemes of ‘Swadesh Darshan (SD)’, ‘Pilgrimage Rejuvenation and Spiritual, Heritage Augmentation Drive (PRASHAD)’ and ‘Assistance to Central Agencies for Tourism Infrastructure Development’ extends financial assistance to the State Governments/UT Administrations for tourism infrastructure development in the country.

    The list of projects sanctioned for Coastal Circuit and Cruise Project under Swadesh Darshan Scheme are given at Annexure-I. The list of projects sanctioned for infrastructure development at Ports and Waterways under the scheme of Assistance to Central Agencies are given at Annexure-II.

    In order to provide impetus to the development of adventure tourism in the country, National Strategy for adventure tourism has been prepared.

    The Strategy focuses on developing adventure destinations, promoting safety in adventure tourism, skill development, capacity building and marketing.

    This information was given by Union Minister for Tourism and Culture Shri Gajendra Singh Shekhawat in a written reply in Lok Sabha today.

    ***

     

    Sunil Kumar Tiwari

    tourism4pib[at]gmail[dot]com

     

     

    List of Projects sanctioned for Coastal Circuit and Cruise Project under Swadesh Darshan Scheme

    S.

    No.

    Name of State

    Year

    Project Name

    Amount Sanctioned

    1.

    Andhra Pradesh

    2014-15

    Developmentof Circuit at Kakinada – Hope Island – Coringa Wildlife Sanctuary – Passarlapudi – Aduru – S Yanam – Kotipally

    67.83

    2.

    Andhra Pradesh

    2015-16

    Developmentof         Nellore, Pulikat Lake, Ubblamadugu water falls, Nelapattu Bird          Sanctuary, Mypadu Beach, Ramatheertham

    49.55

    3.

    Puducherry

    2015-16

    Development of Dubrayapet, Arikamedu China Veerampattinam, Chunnabmar, Nallavadu, Manapet, Kalapet, French Quarter, Tamil Quarter and Yanam

    58.44

    4.

    West Bengal

    2015-16

    Development of Beach Circuit: Udaipur- Digha- Shankarpur- Tajpur- Mandarmani- Fraserganj- Bakkhlai-Henry Island

    67.99

    5.

    Maharashtra

    2015-16

    Development of Sindhudurg Coastal Circuit (Shiroda Beach, Sagareshwar, Tarkarli, Vijaydurg (Beach & Creek), Devgad (Fort & Beach), Mitbhav, Tondavali, Mocehmad and Nivati Fort).

    19.06

    6.

    Goa

    2016-17

    Development of Sinquerim-Baga, Anjuna- Vagator, Morjim-Keri, Aguada Fort and Aguada Jail.

    97.65

    7.

    Odisha

    2016-17

    Development of Gopalpur, Barkul, Satapada and Tampara.

    70.82

    8.

    Andaman & Nicobar Islands

    2016-17

    Development of Long Island-Ross Smith Island- Neil Island- Havelock Island- Baratang Island- Port Blair.

    27.57

    9.

    Tamil Nadu

    2016-17

    Developmentof         Chennai-Mamamallapuram–Rameshwaram–Kulasekaranpattinam            – Kanyakumari

    73.13

    10.

    Goa

    2017-18

    Developmentof         Rua      De Orum Creek-Don Paula-Colva – Benaulim

    99.35

    11.

    Kerala

    2018-19

    Development of Malanad Malabar Cruise Tourism Project

    57.35

     

    Total

    688.74

    *******

    ANNEXURE-II

     

     

    List of Projects sanctioned for infrastructure development at Ports and Waterways under the scheme of Assistance to Central Agencies

    S.

    No.

    States/ UTs

    Year

    Name of Projects

    Implementing Agency

    Amount sanctioned

    1.

    Tamil Nadu

    2012-13

    Cruise Passenger Facilities Centre in the existing Passenger Terminal at Chennai Port.

    Chennai Port Trust

    1724.66

    2.

    Goa

    2014-15

    Cruise Terminal Building at Mormugao Port Trust

    Mormugao Port trust

    879.04

    3.

    Kerala

    2016-17

    Development of a Walkway/ Promenade on Willingdon Island, Cochin, Kerala

    Cochin Trust Port

    901.00

    4.

    Kerala

    2016-17

    Central Financial Assistance forupgrading of Births & Backup area of Ernakulam Wharf

    Cochin Trust Port

    2141.00

    5.

    Maharashtra

    2016-17

    Central Financial Assistance to Mumbai Port Trust for Development of Kanoji Angre Lighthouse as a tourist Destination

    Mumbai Port trust

    1500.00

    6.

    Maharashtra

    2017-18

    Up-gradation /modernization to International Cruise terminal at Indira Dock, Mumbai.

    Mumbai Port Trust

    1250.00

    7.

    Goa

    2018-19

    Improvement of immigration facility and

    deepening of existing cruise berth at Mormougao

    Mormugao Port trust

    1316.40

    8.

    Kerala

    2018-19

    Developing infrastructure at Cochin Port Cruise Terminal.

    Cochin Trust Port

    120.79

    9.

    Kerala

    2018-19

    Creation of additional tourism facilities at the Cochin Port Trust Walkway

    Cochin Trust Port

    466.47

    10.

    Andhra Pradesh

    2018-19

    Construction of Cruise-cum-Coastal Cargo Terminal at  Channel berth area in Outer Harbour of Visakhapatnam Port

    Visakhapatnam Port Trust

    3850.00

    11.

    Kerala

    2019-20

    CFA for Development of Additional infrastructure in the new Cochin Port Trust Terminal

    Cochin Trust Port

    1029.70

    12.

    Goa

    2021-22

    Creation of facilities for International and Domestic Cruise Vessels at Mormugao Port, Goa by Mormugao Port Trust (MPT)

    Mormugao Port Trust

    5000.00

    13.

    Maharashtra

    2021-22

    Upgradation/ Moderni sation to International Cruise Terminal at Indira Dock, Mumbai Port Trust

    Mumbai Port Trust

    3750.00

    Total

    23929.06

     

    *******

    (Release ID: 2114401) Visitor Counter : 65

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Incredible India Content Hub

    Source: Government of India (2)

    Posted On: 24 MAR 2025 4:04PM by PIB Delhi

    Development and promotion of tourist destinations and products, including religious tourism is undertaken by the respective State Government/UT Administration. The Ministry of Tourism complements the efforts of States/UTs by developing and promoting various tourism products of the country through various schemes and initiatives.

    Ministry of Tourism works closely with Ministry of Road Transport and Ministry of Civil Aviation for improving road and air connectivity to tourist destinations. Under RCS UDAN, Ministry of Tourism collaborated with Ministry of Civil Aviation and shared the Viability Gap Funding (VGF) amount for 53 tourism routes identified.

    In order to attract foreign investment in the tourism sector, 100% Foreign Direct Investment (FDI) is allowed under the automatic route in the tourism and hospitality industry in India, subject to applicable regulations and laws. 100% FDI is allowed in tourism construction projects, including the development of hotels, resorts and recreational facilities.

    To give fillip to private investment in tourism, three-star or higher category classified hotels located outside cities with population of more than 1 million, ropeways & cable cars and Exhibition-cum-Convention Centre Projects with minimum built-up floor area of 100,000 square metres of exclusively exhibition space or convention space or both combined, have been included in the Harmonized Master List of infrastructure sub-sectors.

    Further in Union Budget 2025-26, an announcement for inclusion of hotels located in the top 50 tourist destination sites in the country, identified for development in challenge mode, in the Harmonized Master List of infrastructure sub-sectors.

    The Ministry has launched the revamped version of Incredible India Digital Platform (IIDP) on September 27, 2024 as a comprehensive resource for travellers and stakeholders interested in exploring the country’s rich cultural heritage, natural beauty, and diverse attractions. One of the new feature of the IIDP is the Incredible India Content Hub – a comprehensive digital repository, featuring rich collection of high-quality images, films, brochures, and newsletters related to tourism in India. This repository is intended for the use of a diverse range of stakeholders, including tour operators, journalists, students, researchers, film makers, authors, influencers, content creators, government officials, and ambassadors. The IIDP uses an AI-powered tool that personalizes visitor experiences by offering real-time weather updates, city exploration, and essential travel services. The portal has also partnered with several OTAs (Online Travel Agents) and Stakeholders for seamless booking of flights, hotels, cabs, and buses and tickets for ASI monuments.

    This information was given by Union Minister for Tourism and Culture Shri Gajendra Singh Shekhawat in a written reply in Lok Sabha today.

    ***

    Sunil Kumar Tiwari

    tourism4pib[at]gmail[dot]com

    (Release ID: 2114402) Visitor Counter : 59

    MIL OSI Asia Pacific News –