NewzIntel.com

Category: Asia

  • Government authorises voluntary Aadhaar authentication for IBPS exams to enhance transparency

    Source: Government of India

    Source: Government of India (4)

    In a move aimed at promoting good governance and ensuring fair recruitment practices, the Department of Financial Services under the Ministry of Finance has notified the voluntary use of Aadhaar authentication by the Institute of Banking Personnel Selection (IBPS) for candidate verification during examinations and recruitment processes.

    As per the notification published in the Gazette of India, IBPS—designated as a ‘Public Examination Authority’ under the Public Examination (Prevention of Unfair Means) Act, 2024—has been authorised to use Aadhaar-based authentication (Yes/No and e-KYC) on a voluntary basis. The approval has been granted under Rule 5 of the Aadhaar Authentication for Good Governance Rules, 2020, in accordance with the Aadhaar Act, 2016.

    This initiative, approved by the Ministry of Electronics and Information Technology (MeitY) after consultation with the Unique Identification Authority of India (UIDAI), is expected to enhance the integrity of examinations by preventing impersonation and other malpractices.

    Officials stated that the measure would streamline identity verification, reduce administrative burden, and ensure a transparent and efficient recruitment process, particularly in the Banking, Financial Services, and Insurance (BFSI) sector. It also aims to protect genuine candidates from fraudulent activities and boost public trust in the examination system.

     

  • MIL-OSI: Lantronix Selected by Tier-1 U.S. Wireless Operator to Digitally Monitor 50,000+ Cell Site Generators

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., June 26, 2025 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity IoT solutions enabling Edge AI Intelligence, today announced a multi-year agreement with a Tier-1 U.S. mobile network operator to digitally transform the management of more than 50,000 backup power systems across wireless cell sites nationwide. The deployment will leverage Lantronix’s Edge gateways and cloud-based software to enable real-time monitoring, enhance network reliability and reduce operational costs.

    The backup generators are essential to maintaining uninterrupted mobile service during power outages, supporting everything from mobile phones to life-saving medical devices and public safety systems. Historically, maintaining the generators required costly and inefficient manual inspections. Lantronix Edge Intelligence solutions enable remote oversight and data-driven servicing, significantly reducing operational expenses and improving network reliability.

    “This win positions Lantronix as a key player in the digital transformation of telecom infrastructure,” said Kurt Hoff, chief revenue officer for Lantronix. “Having been selected from more than 20 competitors, this recognition underscores the strength of our solutions and our proven ability to scale across large, distributed asset networks. We are pleased to announce that volume shipments have already commenced.”

    Lantronix’s FOX Series gateways and Percepxion™ platform provide a scalable, vendor-agnostic solution for real-time monitoring of generator health, including fuel levels, battery status, oil pressure, coolant temperature and more, which enables data-driven servicing, reduces unnecessary site visits and ensures compliance with environmental regulations.

    By deploying Lantronix’s industrial IoT solutions, the mobile network operator has digitized the remote management of its nationwide fleet of cell site generators. Key outcomes include:

    • Improved Network Resilience: Significantly increased uptime of backup generators that support millions of connected devices, from smartphones to critical infrastructure.
    • Real-Time Operational Visibility: 24/7 monitoring of remote sites with automated alerts for outages, tampering or security threats, along with comprehensive audit capabilities.
    • Secure Lifecycle Management: Centralized device management that ensures all connected assets remain secure, updated and compliant throughout their operational lives.
    • Operational Efficiency: Streamlined integration of millions of devices from edge to cloud, reducing manual site visits and lowering operational costs.
    • Expanded Infrastructure Monitoring: In addition to generators, available digital oversight of HVAC systems, power regulators, battery backup banks and power phase and frequency metrics for further site readiness improvement.

    For more information on Lantronix’s critical infrastructure solutions, visit its case study here.

    About Lantronix

    Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth industries including Smart Cities, Automotive and Enterprise. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that address each layer of the IoT Stack. Lantronix’s leading-edge solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing. 

    For more information, visit the Lantronix website.

    ©2025 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

    “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements related to Lantronix products or leadership team. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to the COVID-19 pandemic or other outbreaks, wars and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 9, 2024, including in the section entitled “Risk Factors” in Item 1A of Part I of that report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. In addition, actual results may differ as a result of additional risks and uncertainties about which we are currently unaware or which we do not currently view as material to our business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements we make speak only as of the date on which they are made. We expressly disclaim any intent or obligation to update any forward-looking statements after the date hereof to conform such statements to actual results or to changes in our opinions or expectations, except as required by applicable law or the rules of the Nasdaq Stock Market LLC. If we do update or correct any forward-looking statements, investors should not conclude that we will make additional updates or corrections.

    Lantronix Media Contact:
    Gail Kathryn Miller 
    Corporate Marketing & 
    Communications Manager 
    media@lantronix.com 
    949-212-0960 

    Lantronix Analyst and Investor Contact:
    investors@lantronix.com

    The MIL Network –

  • MIL-OSI: Abaxx Announces Digital Title Pilot to Unlock the Collateral Value of Physical Commodities Through its Integrated Market Infrastructure

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 26, 2025 (GLOBE NEWSWIRE) — Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, today announced it intends to conduct a pilot transaction to finance margin with physical gold using its ID++ Technology to create real-time digital documents of title.

    This pilot will demonstrate the use of Abaxx’s Private Digital Title, a cryptographically-secured document of title for physical gold held at Abaxx Spot, to finance cash margin requirements for a gold futures position. By unlocking the collateral value of real-world assets, the initiative advances Abaxx’s broader effort to modernize collateralization and increase capital efficiency across commodity markets, including the unique ability to move real-time collateral privately through a federated network.

    Abaxx’s Private Digital Title Pilot Highlights

    • Demonstrates the integration of Abaxx Exchange and Clearing, Abaxx Spot, and ID++ Technology, activating the full stack of Abaxx infrastructure to address inefficiencies in commodity markets and supply-chain risk management.
    • Lays the groundwork for expanding the pool of high quality liquid asset (“HQLA”) collateral to include physically-held commodities and for netting physical and financial positions, reducing capital costs and inefficiencies in risk management.
    • Operates across the full commodity transaction lifecycle with integrated counterparty verification that keeps transaction data private from unrelated intermediaries and public ledger records, removing a key barrier to token adoption in global commodity markets.
    • Leverages Verifiable Credentials to issue legally-enforceable digital documents of title, preserving confidentiality, improving collateral mobility, and aligning with global legal standards like the United Nations Commission on International Trade Law’s (UNCITRAL) Model Law on Electronic Transferable Records (MLETR).

    “For decades, innovations in payment systems have accelerated the velocity of money while the immense value of physical assets has remained locked in slow, analog workflows,” said Josh Crumb, CEO of Abaxx Technologies. “What stablecoins and modern payment rails are to bank money, Abaxx is to physical collateral. We are building the tools to free your physical assets. This pilot will be the first end-to-end demonstration of our smarter markets architecture, where regulated market infrastructure and decentralized financial technology work together to turn physical commodities into dynamic, real-time financial instruments at the heart of financial clearing systems.”

    A New Framework for Digital Collateral

    Abaxx’s vision is to re-engineer the relationship between physical assets and financial risk management. To support this transformation, the Company has developed multi-layered market infrastructure designed to connect physical assets to financial workflows, anchored by a regulated futures exchange and clearinghouse, a spot market for physically-allocated gold, and Abaxx’s proprietary ID++ Technology and suite of console apps, including Verifier+, Abaxx Messenger, and Abaxx Sign.

    This infrastructure addresses two persistent challenges for commodity producers, traders, and financiers: limited collateral mobility and the high cost of managing basis and counterparty risk. It seeks to expand the pool of high-quality collateral to include real-world assets and creates the potential to reduce capital and operational costs by enabling the netting of physical and financial positions.

    Legal ownership of physical assets is digitized using Verifiable Credentials as documents of title, unlike tokenization models that rely on centralized issuance or new legal constructs. Abaxx’s approach is designed to reduce legal and operational friction, shorten onboarding timelines, and enable more flexible, direct use of physical commodities as collateral without compromising confidentiality or enforceability.

    The intended result is a system where physical assets support a flexible credit facility, transforming inventory from untapped collateral into a real-time financial resource.

    About the Pilot

    This pilot represents the first application of Abaxx’s Private Digital Title across the Company’s integrated exchange, clearing, and spot market infrastructure. It is intended to demonstrate how a cryptographically-secured Private Digital Title can act as a document of title for physical gold and finance the margin requirements of a gold futures position, replacing traditional warehouse receipts with a legally-enforceable digital document of title.

    As part of this framework, Abaxx’s Private Digital Title can embed legal terms and asset history, including attributes such as its provenance or environmental footprint, directly to the asset’s digital identity, supporting evolving market expectations around traceability.

    By increasing the pool of eligible collateral, increasing collateral mobility, and enhancing transparency, the initiative targets a $47 billion opportunity in gold trade finance¹ and lays the foundation for broader applications across commodity markets.

    Join the Working Group

    This pilot transaction is planned to take place in 4Q2025. Interested parties, including clearing firms, brokers, traders, custodians, banks, and technologists who would like to participate in our working group are invited to contact us at digitaltitle@abaxx.tech for more information.

    ¹ Source: ICC Trade Register Summary Report: Global Risks in Trade Finance, International Chamber of Commerce, November 2023.

    About Abaxx Technologies
    Abaxx Technologies is building Smarter Markets: markets empowered by better tools, better benchmarks, and better technology to drive market-based solutions to the biggest challenges we face as a society, including the energy transition.

    In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore Pte. Ltd., the owner of Abaxx Exchange and Abaxx Clearing, and the parent company of wholly owned subsidiary Abaxx Spot Pte. Ltd., the operator of Abaxx Spot.

    Abaxx Exchange delivers the market infrastructure critical to the shift toward an electrified, low-carbon economy through centrally-cleared, physically-deliverable futures contracts in LNG, carbon, battery materials, and precious metals, meeting the commercial needs of today’s commodity markets and establishing the next generation of global benchmarks.

    Abaxx Spot modernizes physical gold trading through a physically-backed gold pool in Singapore. As the first instance of a co-located spot and futures market for gold, Abaxx Spot enables secure electronic transactions, efficient OTC transfers, and is designed to support physical delivery for Abaxx Exchange’s physically-deliverable gold futures contract, providing integrated infrastructure to deliver smarter gold markets.

    For more information, visit abaxx.tech | abaxx.exchange | abaxxspot.com | basecarbon.com | smartermarkets.media

    For more information about this press release, please contact:

    Steve Fray, CFO
    Tel: +1 647-490-1590

    Media and investor inquiries:

    Abaxx Technologies Inc.
    Investor Relations Team
    Tel: +1 246 271 0082
    E-mail: ir@abaxx.tech

    Cautionary Statement Regarding Forward-Looking Information

    This press release includes certain “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “believe”, “anticipate”, “estimate”, “project”, “intend”, “expect”, “may”, “will”, “plan”, “should”, “would”, “could”, “target”, “purpose”, “goal”, “objective”, “ongoing”, “potential”, “likely” or the negative thereof or similar expressions.

    In particular, this press release contains forward-looking statements including, without limitation, statements regarding the potential results, benefits and market impact of the pilot transaction, the Company’s business strategies, plans, and objectives, the development of new markets and products, expectations regarding Abaxx’s partnerships, demand for Abaxx’s products and market adoption and regulatory approvals. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Such factors impacting forward-looking information include, among others: risks relating to the global economic climate; dilution; Abaxx’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx’s products and operations; the ability to list Abaxx’s securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: operations in foreign jurisdictions; protection of intellectual property rights; contractual risk; third-party risk; clearinghouse risk; malicious actor risks; third- party software license risk; system failure risk; risk of technological change; dependence of technical infrastructure; and changes in the price of commodities, capital market conditions, restriction on labor and international travel and supply chains, and the risk factors identified in the Company’s most recent management discussion and analysis filed on SEDAR+. Abaxx has also assumed that no significant events occur outside of Abaxx’s normal course of business.

    Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Cboe Canada does not accept responsibility for the adequacy or accuracy of this press release.

    The MIL Network –

  • MIL-OSI Economics: Asian Development Blog: Redirecting Revenue Toward Health Could Curb Asia’s Chronic Disease Surge

    Source: Asia Development Bank

    Rising rates of chronic disease in Asia and the Pacific are driven by lifestyle shifts, aging populations, and unhealthy consumption. Some countries are using targeted fiscal policies and reinvested revenues to improve public health outcomes and reduce long-term costs.

    MIL OSI Economics –

  • MIL-Evening Report: ‘Don’t surrender’ to Indonesian pressure over West Papua, Bomanak warns MSG

    Asia Pacific Report

    A West Papuan independence movement leader has warned the Melanesian Spearhead Group after its 23rd leaders summit in Suva, Fiji, to not give in to a “neocolonial trade in betrayal and abandonment” over West Papua.

    While endorsing and acknowledging the “unconditional support” of Melanesian people to the West Papuan cause for decolonisation, OPM chair and commander Jeffrey P Bomanak
    spoke against “surrendering” to Indonesia which was carrying out a policy of “bank cheque diplomacy” in a bid to destroy solidarity.

    Fiji Prime Minister Sitiveni Rabuka took over the chairmanship of the MSG this week from his Vanuatu counterpart Jotham Napat and vowed to build on the hard work and success that had been laid before it.

    He said he would not take the responsibility of chairmanship lightly, especially as they were confronted with an increasingly fragmented global landscape that demanded more from them.

    PNG Prime Minister James Marape called on MSG member states to put West Papua and Kanaky New Caledonia back on the agenda for full MSG membership.

    Marape said that while high-level dialogue with Indonesia over West Papua and France about New Caledonia must continue, it was culturally “un-Melanesian” not to give them a seat at the table.

    West Papua currently holds observer status in the MSG, which includes Papua New Guinea, Solomon Islands, Vanuatu, and Fiji — and Indonesia as an associate member.

    PNG ‘subtle shift’
    PNG recognises the West Papuan region as five provinces of Indonesia, making Marape’s remarks in Suva a “subtle shift that may unsettle Jakarta”, reports Gorethy Kenneth in the PNG Post-Courier.

    West Papuans have waged a long-standing Melanesian struggle for independence from Indonesia since 1969.

    The MSG resolved to send separate letters of concern to the French and Indonesian presidents.

    The OPM letter warning the MSG. Image: Screenshot APR

    In a statement, Bomanak thanked the Melanesians of Fiji, Papua New Guinea, Solomon Islands, Vanuatu and the Kanak and Socialist National Liberation Front (FLNKS) of Kanaky New Caledonia for “unconditionally support[ing] your West Papuan brothers and sisters, subjected to dispossession, enslavement, genocide, ethnocide, infanticide, and ethnic cleansing, [as] the noblest of acts.”

    “We will never forget these Melanesian brothers and sisters who remain faithfully loyal to our cultural identity no matter how many decades is our war of liberation and no matter how many bags of gold and silver Indonesia offers for the betrayal of ancestral kinship.

    “When the late [Vanuatu Prime Minister] Father Walter Lini declared, ‘Melanesia is not free unless West Papua is free,”’ he was setting the benchmark for leadership and loyalty across the entire group of Melanesian nations.

    “Father Lini was not talking about a timeframe of five months, or five years, or five decades.

    “Father Lini was talking about an illegal invasion and military occupation of West Papua by a barbaric nation wanting West Papua’s gold and forests and willing to exterminate all of us for this wealth.

    ‘Noble declaration’
    “That this noble declaration of kinship and loyalty now has a commercial value that can be bought and sold like a commodity by those without Father Lini’s courage and leadership, and betrayed for cheap materialism, is an act of historic infamy that will be recorded by Melanesian historians and taught in all our nations’ universities long after West Papua is liberated.”

    OPM leader Jeffrey Bomanak . . . his letter warns against surrendering to Indonesian control. Image: OPM

    Bomanak was condemning the decision of the MSG to regard the “West Papua problem” as an internal issue for Indonesia.

    “The illegal occupation of West Papua and the genocide of West Papuans is not an internal issue to be solved by the barbaric occupier.

    “Indonesia’s position as an associate member of MSG is a form of colonial corruption of the Melanesian people.

    “We will continue to fight without MSG because the struggle for independence and sovereignty is our fundamental right of the Papuan people’s granted by God.

    “Every member of MSG can recommend to the United Nations that West Papua deserves the same right of liberation and nation-state sovereignty that was achieved without compromise by Timor-Leste — the other nation illegally invaded by Indonesia and also subjected to genocide.”

    Bomanak said the MSG’s remarks stood in stark contrast to Father Lini’s solidarity with West Papua and were “tantamount to sharing in the destruction of West Papua”.

    ‘Blood money’
    It was also collaborating in the “extermination of West Papuans for economic benefit, for Batik Largesse. Blood money!”

    The Papua ‘problem’ was not a human rights problem but a problem of the Papuan people’s political right for independence and sovereignty based on international law and the right to self-determination.

    It was an international problem that had not been resolved.

    “In fact, to say it is simply a ‘problem’ ignores the fate of the genocide of 500,000 victims.”

    Bomanak said MSG leaders should make clear recommendations to the Indonesian government to resolve the “Papua problem” at the international level based on UN procedures and involving the demilitarisation of West Papua with all Indonesian defence and security forces “leaving the land they invaded and unlawfully occupied.”

    Indonesia’s position as an associate member in the MSG was a systematic new colonialisation by Indonesia in the home of the Melanesian people.

    Indonesia well understood the weaknesses of each Melanesian leader and “carries out bank cheque diplomacy accordingly to destroy the solidarity so profoundly declared by the late Father Walter Lini.”

    “No surrender!”

    MSG leaders in Suva . . . Jeremy Manele (Solomon Islands, from left), James Marape (PNG), Sitiveni Rabuka (Fiji), Jotham Napat (Vanuatu), and Roch Wamytan (FLNKS spokesperson). Image: PNG Post-Courier

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: China firmly opposes NATO using China as an excuse to “expand eastward into Asia-Pacific”: Defense Spokesperson 2025-06-26 “We firmly oppose NATO using China as an excuse to ‘expand eastward into the Asia-Pacific’ and urge NATO to reflect on its own behaviors, change course, and contribute more to global security and stability,” said Chinese Defense Spokesperson Senior Colonel Zhang Xiaogang at a regular press conference on Thursday.

    Source: People’s Republic of China – Ministry of National Defense

      BEIJING, June 26 — “We firmly oppose NATO using China as an excuse to ‘expand eastward into the Asia-Pacific’ and urge NATO to reflect on its own behaviors, change course, and contribute more to global security and stability,” said Chinese Defense Spokesperson Senior Colonel Zhang Xiaogang at a regular press conference on Thursday.

      According to reports, NATO held its summit in The Hague from June 24 to 25, accusing China of “providing Russia with key support during the Russia-Ukraine conflict”, and expressing concerns over the South China Sea, the East China Sea and the Taiwan question. And, NATO Secretary General recently stated that China is significantly strengthening its military capabilities, building the world’s largest navy, and expanding its nuclear arsenal. Therefore, NATO should strengthen its partnership with “Indo-Pacific” countries to deal with the military challenges posed by China.

      When being asked to share comment, Senior Colonel Zhang Xiaogang said that China adheres to the path of peaceful development, and is firmly committed to a national defense policy that is defensive in nature and that China’s military development is purely aimed at safeguarding national sovereignty, security and development interests, as well as maintaining world peace and stability. “China-Russia cooperation does not target at any third party, nor will it be interfered by any third party,” stressed the spokesperson.

      When talking about NATO, the spokesperson pointed out that as a product of the Cold War and the largest military bloc in the world, NATO stirs up troubles and provokes conflicts and wars in various regions, making itself a true war machine. Moreover, in recent years, NATO has overstretched its geographic boundary stipulated by its own Treaty, and ill-expanded its power and authority, arousing high vigilance among regional countries.

      “We firmly oppose NATO using China as an excuse to ‘expand eastward into the Asia-Pacific’ and urge NATO to reflect on its own behaviors, change course, and contribute more to global security and stability,” stressed the spokesperson at the end of his comment.

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    MIL OSI China News –

  • MIL-OSI China: Chinese military praised for contributions to global health 2025-06-26 18:54:33 China’s military has made significant contributions to global health undertakings, said a senior official of an international organization Thursday at the ongoing sixth Pan-Asia Pacific Regional Congress on Military Medicine in Beijing.

    Source: People’s Republic of China – Ministry of National Defense

      BEIJING, June 26 (Xinhua) — China’s military has made significant contributions to global health undertakings, said a senior official of an international organization Thursday at the ongoing sixth Pan-Asia Pacific Regional Congress on Military Medicine in Beijing.

      China undoubtedly plays a very important role in regional cooperation in the Asia-Pacific, said Pierre Neirinckx, secretary-general of the International Committee of Military Medicine.

      He highlighted the conference’s role as a vital platform for dialogue and experience sharing, and emphasized the Chinese military’s sustained influence as a major player advancing global health amid complex security challenges.

      Chinese armed forces have deployed multiple medical teams for peacekeeping missions in countries such as the Democratic Republic of the Congo, Lebanon and South Sudan, and have participated in international disaster relief missions, including earthquake relief missions in Nepal and Myanmar.

      China’s naval hospital ship “Peace Ark” has toured to 49 countries and regions, providing health services to more than 370,000 people.

      Being a peace-loving and peace-preserving force, the Chinese military is a steadfast supporter of international humanitarianism and military medicine development, according to Chinese delegates to the conference.

      They pledged to cooperate with global counterparts in sharing medical experiences, technologies and resources to promote the development of military medicine.

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    MIL OSI China News –

  • MIL-OSI China: China-Laos Railway sees over 10 billion yuan in trade value in Jan.-May

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

    An international cargo train of China-Laos Railway is pictured at Wangjiaying West Station in Kunming, southwest China’s Yunnan Province, on Jan. 2, 2025. 

    The China-Laos Railway handled more than 2.48 million tonnes of import and export cargo valued at over 10 billion yuan (about 1.4 billion U.S. dollars) from January to May this year, customs data showed on Thursday.

    Both freight volume and value saw significant growth in this period, with a 7.9-percent year-on-year increase in volume and a 33.2-percent surge in value. In May alone, this railway transported 512,000 tonnes of goods worth 3.76 billion yuan — setting a monthly record high since its opening in December 2021.

    Following its launch, the railway has experienced robust growth in cargo transport. As of May 22, total freight volume had surpassed 60 million tonnes, with cross-border shipments exceeding 13.9 million tonnes.

    The range of goods transported has expanded dramatically from just over 10 types initially to more than 3,000. These goods include electronics, photovoltaic products, communication equipment, automobiles, agricultural products, industrial goods and daily necessities. 

    MIL OSI China News –

  • Over 90% Indian employees confident about affording healthcare needs: Report

    Source: Government of India

    Source: Government of India (4)

    More than 90 per cent of employees in India are confident that they can afford the healthcare needs for themselves and their families, according to a report on Thursday.

    The Mercer Marsh Benefits report, based on a survey of over 18,000 employees across 17 markets, including in India, explores what employees value most from their workplace benefits, and how their expectations are evolving.

    The findings showed that for Indian employees there are high levels of well-being and satisfaction. The report also highlights growing expectations around flexibility, personalisation, and long-term support, indicating a broader evolution in the Indian workforce – one that is becoming more rooted in long-term ambitions.

    While the report showed that although 92 per cent of employees are confident about affording healthcare needs, the top two reasons for delaying healthcare are financial and anticipated long wait times.

    This suggests that even with insurance coverage, out-of-pocket costs, and other financial considerations are still preventing some employees from getting the care they need.

    Further, the report showed that employers have emerged as the most trusted source of affordable, quality healthcare.

    It showed that more than 80 per cent of employees who could personalise their benefits packages felt their employer cared about their health and well-being.

    For employers, this presents a timely opportunity to outpace their competition by adapting their benefits strategy and building affordable coverage by focusing on preventive care and early detection to primary care, through outpatient provisions (OPD), said the report.

    “Our report provides a strategic blueprint for employers. Specifically for India, it is the growing emphasis on longevity and planning for the future. As life expectancy increases and careers extend, employers have a profound opportunity to build trust and commitment by prioritising benefits that support long-term health planning and financial well-being, ensuring their workforce thrives not just today, but well into retirement,” said Sanjay Kedia, Chief Executive Officer, Marsh McLennan India President and CEO, Marsh India.

    The report also suggested employers bolster quality and timely healthcare by exploring innovative care delivery models, such as telemedicine and partnerships with local healthcare providers.

    (IANS)

  • Kargil Vijay Diwas 2025: Indian Army remembers fallen soldiers, plans memorial outreach

    Source: Government of India

    Source: Government of India (4)

    The Indian Army has begun commemorative events ahead of the 26th anniversary of Kargil Vijay Diwas, which marks India’s victory over Pakistani forces during the 1999 Kargil conflict in Jammu and Kashmir.

    The Army on Thursday shared moments from “Operation Vijay,” the military operation during which Indian forces reclaimed strategic positions infiltrated by Pakistani troops along the Line of Control. The conflict, which lasted from May to July 1999, ended with India regaining control over key mountain peaks, including Tiger Hill.

    A post from the Army’s public information department on social media platform X said: “Kargil Vijay Diwas 2025. 30 Days to Go… 30 Days to Remember. A tribute to the unmatched valour of our bravehearts. Their courage echoes through the heights of Kargil, forever etched in the soul of India.”

    Kargil Vijay Diwas is observed annually on July 26.

    This year’s commemorations come months after India carried out airstrikes under “Operation Sindoor,” targeting nine alleged terror camps in Pakistan and Pakistan-administered Kashmir, along with 11 airbases, according to Indian defence officials.

    As part of its outreach initiative, the Indian Army is reaching out to the families of 545 soldiers who were killed in the 1999 Kargil conflict. Army teams are visiting households across 25 states, two Union Territories, and Nepal to deliver letters of gratitude, commemorative mementoes, and detailed information on welfare benefits extended by the central and state governments. The visits also aim to gather feedback on unresolved issues or support gaps faced by the families.

    In one such visit this month, Army officers presented a memento to the parents of Captain Vijayant Thapar, who was killed in the conflict. The meeting took place at their residence in Noida, northern India.

    The Army also plans to collect personal memorabilia from the families of the deceased to preserve at the Kargil War Memorial in Dras. The commemorations will conclude with a wreath-laying ceremony at the memorial on July 26.

    The Kargil War began when Indian troops detected Pakistani forces occupying mountain posts on the Indian side of the Line of Control. After weeks of high-altitude fighting, Indian forces regained control of the territory, officially declaring victory on July 26, 1999.

    -IANS

  • MIL-OSI Russia: Exclusive: Commitment to the spirit of mutual respect, trust, benefit and support is the driving force behind the development of cooperation between China and Central Asia – expert from Uzbekistan

    Translation. Region: Russian Federal

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

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

    Tashkent, June 26 (Xinhua) — The driving force behind the sustainable development of cooperation between China and Central Asian countries is the two sides’ commitment to the spirit of “mutual respect, trust, benefit and support,” Professor Nodira Murodova, head of department at Navoi State University, said in an exclusive interview with Xinhua.

    According to her, for Uzbekistan these principles are not just diplomatic slogans, but a real basis for a long-term and stable partnership with China, as well as for the entire region. She emphasized that it is on this foundation that strong and trusting interaction between the two countries is built.

    Mutual respect, according to N. Murodova, is the basis of deepening Uzbek-Chinese relations. China, as the expert noted, consistently demonstrates respect for the sovereignty, social structure and development strategy of Uzbekistan. “Such a sincere attitude on equal terms allows us to more confidently and independently build external relations, forming a truly equal partnership,” she said.

    Particular importance is also attached to mutual trust, which the expert called a guarantee of the strength of cooperation. “Thanks to regular high-level contacts, intergovernmental dialogues and projects implemented in practice, strong political trust has been formed between our countries,” N. Murodova noted. She also added that in such strategic areas as regional security and infrastructure development, Uzbekistan and China maintain close coordination and dialogue.

    As for the principle of mutual benefit, the professor emphasized that it is reflected in concrete results. “In key areas such as infrastructure, energy, agriculture and the digital economy, Chinese companies have brought advanced technologies and management experience to Uzbekistan, creating many jobs,” the expert said. China’s participation in the construction of roads, railways and energy facilities, according to her, helps strengthen production chains and accelerates the country’s modernization process.

    N. Murodova also particularly noted the importance of mutual support, which is especially evident at critical moments. “Whether it is the difficult period of the COVID-19 pandemic or today’s efforts on environmental transformation and development of education, Uzbekistan and China always act together. Such support at key moments is a manifestation of the true spirit of a community with a common destiny,” she said.

    In conclusion, the professor expressed confidence that, based on the principles of “mutual respect, trust, benefit and support,” cooperation between China and Central Asian countries, including Uzbekistan, will continue to deepen and expand, serving the interests of the peoples and strengthening peace, development and cooperation in the broader regional and international context. –0–

    MIL OSI Russia News –

  • Rajnath Singh holds ‘insightful’ meetings with Belarusian and Russian defence ministers in China

    Source: Government of India

    Source: Government of India (4)

    Defence Minister Rajnath Singh on Thursday held meetings with his Belarusian and Russian counterparts on the sidelines of the SCO Defence Ministers Meeting in China’s Qingdao, exchanging views on bilateral defence cooperation along with challenges and security threats in the region.

    “Enriching interaction with the Belarusian Defense Minister Lieutenant General Viktor Khrenin in Qingdao,” said Rajnath Singh on X after the meeting.

    It was under India’s first-ever presidency of SCO in 2023 that Iran joined the SCO family as a new member and the signing of the Memorandum of Obligation for Belarus’ SCO membership took place.

    Earlier, Defence Minister Rajnath Singh also met with his Russian counterpart Andrey Belousov, discussing the longstanding and wide-ranging cooperation between the two countries in the field of defence.

    Talking to X, Singh said, “Happy to have met the Defence Minister of Russia, Andrey Belousov on the sidelines of SCO Defence Ministers’ Meeting in Qingdao. We had insightful deliberations on boosting India-Russia defence ties”.

    India has longstanding and wide-ranging cooperation with Russia in the field of defence which is guided by the IRIGC-M&MTC mechanism, headed by the Defence Ministers of both countries.

    Longstanding and time-tested partners, both countries have been involved in several bilateral projects, including the supply of S-400, licensed production of T-90 tanks and Su-30 MKI, supply of MiG-29 and Kamov helicopters, INS Vikramaditya (formerly Admiral Gorshkov), production of Ak-203 rifles in India and BrahMos missiles.

    New Delhi and Moscow have acknowledged that the military technical cooperation has evolved over time from a buyer-seller framework to one involving joint research and development, co-development and joint production of advanced defence technology and systems.

    Addressing the gathering of defence ministers and security officials earlier, Singh called for united global action against terrorism, radicalisation, and extremism, citing them as the biggest threats to regional peace and trust.

    Referring to the heinous April 22 Pahalgam terror attack that killed 26 civilians — including a Nepali national — Defence Minister Singh said India exercised its right to self-defence through Operation Sindoor to dismantle cross-border terror infrastructure. He urged the SCO nations to reject double standards and hold terror sponsors accountable.

    “Epicentres of terrorism are no longer safe,” he declared, reaffirming India’s zero-tolerance policy.

    The visit comes just over a month after Operation Sindoor, under which India conducted targeted airstrikes on nine high-value terrorist infrastructures in Pakistan and Pakistan-occupied Kashmir (PoK) following the deadly Pahalgam terror attack.

    It also marks the first trip to China by an Indian Union Minister since bilateral relations were severely strained by the military standoff along the Line of Actual Control (LAC) in eastern Ladakh that began in May 2020.

    (With inputs from IANS)

  • Rajnath Singh holds ‘insightful’ meetings with Belarusian and Russian defence ministers in China

    Source: Government of India

    Source: Government of India (4)

    Defence Minister Rajnath Singh on Thursday held meetings with his Belarusian and Russian counterparts on the sidelines of the SCO Defence Ministers Meeting in China’s Qingdao, exchanging views on bilateral defence cooperation along with challenges and security threats in the region.

    “Enriching interaction with the Belarusian Defense Minister Lieutenant General Viktor Khrenin in Qingdao,” said Rajnath Singh on X after the meeting.

    It was under India’s first-ever presidency of SCO in 2023 that Iran joined the SCO family as a new member and the signing of the Memorandum of Obligation for Belarus’ SCO membership took place.

    Earlier, Defence Minister Rajnath Singh also met with his Russian counterpart Andrey Belousov, discussing the longstanding and wide-ranging cooperation between the two countries in the field of defence.

    Talking to X, Singh said, “Happy to have met the Defence Minister of Russia, Andrey Belousov on the sidelines of SCO Defence Ministers’ Meeting in Qingdao. We had insightful deliberations on boosting India-Russia defence ties”.

    India has longstanding and wide-ranging cooperation with Russia in the field of defence which is guided by the IRIGC-M&MTC mechanism, headed by the Defence Ministers of both countries.

    Longstanding and time-tested partners, both countries have been involved in several bilateral projects, including the supply of S-400, licensed production of T-90 tanks and Su-30 MKI, supply of MiG-29 and Kamov helicopters, INS Vikramaditya (formerly Admiral Gorshkov), production of Ak-203 rifles in India and BrahMos missiles.

    New Delhi and Moscow have acknowledged that the military technical cooperation has evolved over time from a buyer-seller framework to one involving joint research and development, co-development and joint production of advanced defence technology and systems.

    Addressing the gathering of defence ministers and security officials earlier, Singh called for united global action against terrorism, radicalisation, and extremism, citing them as the biggest threats to regional peace and trust.

    Referring to the heinous April 22 Pahalgam terror attack that killed 26 civilians — including a Nepali national — Defence Minister Singh said India exercised its right to self-defence through Operation Sindoor to dismantle cross-border terror infrastructure. He urged the SCO nations to reject double standards and hold terror sponsors accountable.

    “Epicentres of terrorism are no longer safe,” he declared, reaffirming India’s zero-tolerance policy.

    The visit comes just over a month after Operation Sindoor, under which India conducted targeted airstrikes on nine high-value terrorist infrastructures in Pakistan and Pakistan-occupied Kashmir (PoK) following the deadly Pahalgam terror attack.

    It also marks the first trip to China by an Indian Union Minister since bilateral relations were severely strained by the military standoff along the Line of Actual Control (LAC) in eastern Ladakh that began in May 2020.

    (With inputs from IANS)

  • Indian PSUs turn wealth creators, add Rs 57 lakh crore in market cap in just 5 years

    Source: Government of India

    Source: Government of India (4)

    The market capitalisation of the Indian public sector units (PSUs) surged from Rs 12 lakh crore in March 2020 to Rs 69 lakh crore in June 2025 — adding Rs 57 lakh crore in just five financial years, a report revealed on Thursday. 
     
    Over FY20–FY25, PSUs clocked a stellar 36 per cent earnings CAGR —outpacing private peers — and powered a 32 per cent surge in the BSE PSU Index, according to the report by Motilal Oswal Financial Services Ltd.
     
    Despite a cooling-off in FY25, the core profit engine remains intact. The decade-long recovery story is anchored in balance sheet clean-ups, policy tailwinds, and sector-specific structural shifts, the findings showed.
     
    “PSUs have clawed back space in the overall market cap pool. Their share, which had slipped to 10.1 per cent in FY22, now stands at 15.3 per cent, thanks to a strong rally and profit growth,” the report mentioned.
     
    PSU profits jumped from Rs 1.2 lakh crore in FY20 to Rs 5.3 lakh crore in FY25, far outpacing private sector growth and reversing their earlier underperformance from FY15–20.
     
    “Profitability metrics have improved materially. Better capital efficiency, operating discipline, and lower losses have lifted RoEs across the PSU board,” said the report.
     
    FY25 marks the fifth consecutive year of declining losses among PSUs.
     
    BFSI contribution rose to 38 per cent of PSU profits in FY25—from just 7 per cent in FY20. PSU banks, once weighed down by bad loans, are now leading the charge — with clean balance sheets, improving NIMs, and strong earnings visibility.
     
    Capital goods PSUs clocked a 28 per cent CAGR in profits over FY20–25. Defence and infra-led order flows have fuelled this growth. Names like HAL and BEL have emerged as institutional favourites, backed by execution and earnings consistency.
     
    With fundamentals intact and macro tailwinds building, the next phase of re-rating is already underway.
     
    BFSI is expected to drive 53 per cent of incremental PSU profits over the next two years. Loss-making PSUs now account for just 1 per cent of the total profit pool, down from 45 per cent in FY18.
     
    According to the report, structural clean-ups have reshaped the PSU universe, and the earnings base is now broad, resilient, and quality-led.
     
    (IANS)

  • Heavy rainfall to continue in Kerala, south Karnataka; widespread monsoon activity expected across India: IMD

    Source: Government of India

    Source: Government of India (4)

    The India Meteorological Department (IMD) has forecast extremely heavy rainfall over Kerala and South Interior Karnataka on Thursday, as the southwest monsoon continues to gain momentum across the country. In its latest update, the IMD stated that rainfall activity is expected to intensify across several parts of India over the next seven days, particularly affecting regions in the northwest, central, eastern, and northeastern states.

    The monsoon has advanced further into parts of Rajasthan, Haryana, and Punjab, with the northern limit of monsoon now passing through Jaisalmer, Bikaner, Jhunjhunu, Bharatpur, Rampur, Sonipat, and Anup Nagar.

    Conditions remain favourable for the monsoon to advance into the remaining areas of the country within the next three to four days.

    In addition to the heavy downpour expected in Kerala and South Interior Karnataka, very heavy rainfall is also likely in Konkan & Goa, the ghat areas of Madhya Maharashtra, and Gujarat over the coming week. Similar weather conditions are predicted for Jammu & Kashmir, parts of Tamil Nadu, Vidarbha, Odisha, and Himachal Pradesh.

    Rainfall intensity is expected to peak in states like Uttarakhand, East Rajasthan, Punjab, Uttar Pradesh, and both East and West Madhya Pradesh on varying dates through early July.

    In Delhi and the National Capital Region (NCR), the IMD has forecast light rain accompanied by thunderstorms and lightning between June 26 and June 29. On June 26 and 27, the city will experience partly cloudy skies with maximum temperatures hovering between 36 and 38°C, which are expected to remain near normal. Winds will predominantly blow from the southeast with moderate speeds.

    By June 28 and 29, the skies over Delhi are expected to turn generally cloudy with light to moderate rainfall during the evening and night. Maximum temperatures are forecast to dip to between 32 and 35°C, below normal by 2 to 5°C, while minimum temperatures may range from 25 to 27°C, also slightly below normal. Wind speeds will vary throughout the day but are expected to remain moderate.

  • Heavy rainfall to continue in Kerala, south Karnataka; widespread monsoon activity expected across India: IMD

    Source: Government of India

    Source: Government of India (4)

    The India Meteorological Department (IMD) has forecast extremely heavy rainfall over Kerala and South Interior Karnataka on Thursday, as the southwest monsoon continues to gain momentum across the country. In its latest update, the IMD stated that rainfall activity is expected to intensify across several parts of India over the next seven days, particularly affecting regions in the northwest, central, eastern, and northeastern states.

    The monsoon has advanced further into parts of Rajasthan, Haryana, and Punjab, with the northern limit of monsoon now passing through Jaisalmer, Bikaner, Jhunjhunu, Bharatpur, Rampur, Sonipat, and Anup Nagar.

    Conditions remain favourable for the monsoon to advance into the remaining areas of the country within the next three to four days.

    In addition to the heavy downpour expected in Kerala and South Interior Karnataka, very heavy rainfall is also likely in Konkan & Goa, the ghat areas of Madhya Maharashtra, and Gujarat over the coming week. Similar weather conditions are predicted for Jammu & Kashmir, parts of Tamil Nadu, Vidarbha, Odisha, and Himachal Pradesh.

    Rainfall intensity is expected to peak in states like Uttarakhand, East Rajasthan, Punjab, Uttar Pradesh, and both East and West Madhya Pradesh on varying dates through early July.

    In Delhi and the National Capital Region (NCR), the IMD has forecast light rain accompanied by thunderstorms and lightning between June 26 and June 29. On June 26 and 27, the city will experience partly cloudy skies with maximum temperatures hovering between 36 and 38°C, which are expected to remain near normal. Winds will predominantly blow from the southeast with moderate speeds.

    By June 28 and 29, the skies over Delhi are expected to turn generally cloudy with light to moderate rainfall during the evening and night. Maximum temperatures are forecast to dip to between 32 and 35°C, below normal by 2 to 5°C, while minimum temperatures may range from 25 to 27°C, also slightly below normal. Wind speeds will vary throughout the day but are expected to remain moderate.

  • Global energy CO2 emissions reached record high last year, report says

    Source: Government of India

    Source: Government of India (4)

    Global carbon dioxide emissions from the energy sector hit a record high for the fourth year running last year as fossil fuel use kept rising even as renewable energy reached a record high, the Energy Institute’s annual statistical review of world energy showed on Thursday.
     
    The report’s figures highlight the challenge of trying to wean the world economy off fossil fuels at a time when conflict in Ukraine has redrawn oil and gas flows from Russia and fighting in the Middle East raises concern about security of supplies.
     
    Last year was the hottest year on record, with global temperatures exceeding 1.5 C (34.7 F) above the pre-industrial era for the first time.
     
    The world saw a 2% annual rise in total energy supply in 2024, with all sources of energy such as oil, gas, coal, nuclear, hydro and renewable energy registering increases, which last occurred in 2006, the report said.
     
    This led to carbon emissions increasing by around 1% in 2024 and exceeding the record level set the previous year at 40.8 gigatonnes of carbon dioxide equivalent.
    Of all the global fossil fuels, natural gas saw the biggest increase in generation, growing 2.5%. Meanwhile, coal grew by 1.2% to remain the largest source of generation globally, while oil growth was under 1%.
     
    Wind and solar energy expanded by 16% in 2024, nine times faster than total energy demand, the report showed.
     
    Industry body the Energy Institute, which comprises energy professionals across levels, together with consultancies KPMG and Kearney, took over from BP (BP.L), opens new tab last year to author the report.
     
    Analysts tracking progress have said the world is not on course to meet a global goal of tripling renewable energy capacity by 2030 despite record amounts being added.
     
    “Last year was another turning point for global energy, driven by rising geopolitical tensions,” Romain Debarre of consultancy Kearney, one of the authors of the report, said in a release.
     
    “COP28 set out a bold vision to triple global renewables by 2030, but progress is proving uneven and despite the rapid growth we have seen globally we are still not at the pace required,” said Wafa Jafri, a partner at KPMG.
     
    COP28 was the United Nations Climate Change Conference that took place in Dubai in 2023, at which countries signed a pact to transition away from fossil fuels in energy systems to achieve net-zero emissions by 2050.
     
    (Reuters)

  • Sensex surges 1,000 points; banking and heavyweight stocks gain

    Source: Government of India

    Source: Government of India (4)

    The Indian stock markets closed on a strong note on Thursday, with benchmark indices Sensex and Nifty surging over 1 per cent each, led by gains in banking and heavyweight stocks.

    The benchmark index reflected strong investor confidence, underpinned by the apparent stability of the Middle East ceasefire, which has eased concerns over potential supply chain disruptions.

    The Sensex jumped 1,000.36 points, or 1.21 per cent, to settle at 83,755.87. During the session, the index touched an intra-day high of 83,812.09 and a low of 82,816.26.

    The Nifty also gained 304.25 points, or 1.21 per cent, to close at 25,549.00. It hit an intra-day high of 25,565.30 and a low of 25,259.90 during the day.

    “Nifty has given a decisive move above the recent consolidation on the daily chart, indicating growing optimism among traders and investors,” Rupak De of LKP Securities said.

    “Now that the index has broken above the consolidation zone, we continue to maintain our bullish view going forward,” he added.

    Among the Nifty stocks, Shriram Finance, Tata Steel, Bharti Airtel and Hindalco Industries were the top gainers, rising between 2.48 and 3.69 per cent.

    On the other hand, Dr Reddy’s Laboratories, Tech Mahindra, Wipro, SBI, and Hero MotoCorp were the top laggards, slipping between 0.45 and 1.31 per cent.

    In the broader markets, the Nifty Midcap100 and Nifty Smallcap100 indices ended lower, falling 0.59 per cent and 0.42 per cent, respectively, indicating some pressure in mid- and small-cap stocks.

    Banking stocks also witnessed strong buying. The Bank Nifty index touched an intra-day high of 57,263.45 and closed at 57,206.70, up 1.03 per cent.

    Among sectoral indices, all major indices except Realty, IT, and Media ended in the green.

    Nifty Metal was the top performer, gaining 2.31 per cent. This was followed by gains in Nifty Private Bank, Financial Services, and Oil & Gas indices, each rising over 1 per cent.

    Meanwhile, Rupee gained over 33 paise to settle at 85.75, buoyed by a sharp drop in the dollar index below the 97.00 mark.

    “Falling crude prices and a weaker dollar provided strong support to the rupee. With global risk sentiment improving and the potential for continued fund inflows, the rupee may head towards 85.25 in the coming days,” Jateen Trivedi of LKP Securities mentioned.

    “Gold remained range-bound as dollar index weakness provided support, while the Federal Reserve’s stance of no immediate rate cuts weighed on sentiment,” Trivedi stated.

    He added that MCX Gold is expected to trade within a range of Rs 95,500 to Rs 98,500 in the near term.

    (IANS)

  • Sensex surges 1,000 points; banking and heavyweight stocks gain

    Source: Government of India

    Source: Government of India (4)

    The Indian stock markets closed on a strong note on Thursday, with benchmark indices Sensex and Nifty surging over 1 per cent each, led by gains in banking and heavyweight stocks.

    The benchmark index reflected strong investor confidence, underpinned by the apparent stability of the Middle East ceasefire, which has eased concerns over potential supply chain disruptions.

    The Sensex jumped 1,000.36 points, or 1.21 per cent, to settle at 83,755.87. During the session, the index touched an intra-day high of 83,812.09 and a low of 82,816.26.

    The Nifty also gained 304.25 points, or 1.21 per cent, to close at 25,549.00. It hit an intra-day high of 25,565.30 and a low of 25,259.90 during the day.

    “Nifty has given a decisive move above the recent consolidation on the daily chart, indicating growing optimism among traders and investors,” Rupak De of LKP Securities said.

    “Now that the index has broken above the consolidation zone, we continue to maintain our bullish view going forward,” he added.

    Among the Nifty stocks, Shriram Finance, Tata Steel, Bharti Airtel and Hindalco Industries were the top gainers, rising between 2.48 and 3.69 per cent.

    On the other hand, Dr Reddy’s Laboratories, Tech Mahindra, Wipro, SBI, and Hero MotoCorp were the top laggards, slipping between 0.45 and 1.31 per cent.

    In the broader markets, the Nifty Midcap100 and Nifty Smallcap100 indices ended lower, falling 0.59 per cent and 0.42 per cent, respectively, indicating some pressure in mid- and small-cap stocks.

    Banking stocks also witnessed strong buying. The Bank Nifty index touched an intra-day high of 57,263.45 and closed at 57,206.70, up 1.03 per cent.

    Among sectoral indices, all major indices except Realty, IT, and Media ended in the green.

    Nifty Metal was the top performer, gaining 2.31 per cent. This was followed by gains in Nifty Private Bank, Financial Services, and Oil & Gas indices, each rising over 1 per cent.

    Meanwhile, Rupee gained over 33 paise to settle at 85.75, buoyed by a sharp drop in the dollar index below the 97.00 mark.

    “Falling crude prices and a weaker dollar provided strong support to the rupee. With global risk sentiment improving and the potential for continued fund inflows, the rupee may head towards 85.25 in the coming days,” Jateen Trivedi of LKP Securities mentioned.

    “Gold remained range-bound as dollar index weakness provided support, while the Federal Reserve’s stance of no immediate rate cuts weighed on sentiment,” Trivedi stated.

    He added that MCX Gold is expected to trade within a range of Rs 95,500 to Rs 98,500 in the near term.

    (IANS)

  • MIL-OSI Asia-Pac: FS attends 10th Annual Meeting of Board of Governors of Asian Infrastructure Investment Bank in Beijing (with photos/video)

    Source: Hong Kong Government special administrative region

         The Financial Secretary, Mr Paul Chan, attended the 10th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) in Beijing today (June 26). He also held separate meetings with the Minister of Finance, Mr Lan Fo’an, and the President of the AIIB, Mr Jin Liqun.
     
         Mr Chan participated in the opening ceremony of the annual meeting and joined the subsequent Governors’ Official Session.
     
         During the meeting, he witnessed the signing of a strategic partnership agreement between the Hong Kong Monetary Authority (HKMA) and the AIIB.  Under the partnership agreement, the HKMA will collaborate closely with the AIIB to support venture capital in emerging Asia to jointly support the emerging economies in the region to drive green transformation and development of infrastructure through scientific and commercial innovation.
     
         Speaking about the agreement, Mr Chan said, “Energy transition and infrastructure development of the Global South require substantial financial investment and support from technological applications in various fields. This collaboration combines and leverages the knowledge, experience, networks, and strengths of the HKMA and the AIIB. It supports emerging Asian economies in accelerating their development towards more prosperous and inclusive growth through innovation and technology. Additionally, it aids in building a more vibrant venture capital and innovation ecosystem within the region and further reinforces Hong Kong’s status as an international financial, innovation and technology centre.”
     
         Mr Chan later met with the President of the AIIB, Mr Jin Liqun. He expressed Hong Kong’s willingness to further enhance collaboration with the AIIB amid the ongoing reshaping of the global economic landscape and the development challenges faced by emerging economies. Such initiatives can include issuing bonds in more currencies and of various tenors, advancing investment co-operation in infrastructure loan securitisation and catastrophe bonds, and mobilising private capital to support Asia’s green and sustainable development projects and relevant technological proposals. He also reiterated Hong Kong’s support for the AIIB to establish an office in Hong Kong and said he looks forward to the proposal’s early implementation.
     
         Subsequently, Mr Chan called on the Minister of Finance, Mr Lan Fo’an, where both parties exchanged in-depth views on the economic and social development of the Mainland and Hong Kong. Mr Chan briefed Mr Lan on Hong Kong’s latest developments in financial markets, innovation and technology, and public finance. He highlighted that, with Hong Kong’s financial market advancing steadily and international investors’ confidence strengthening, the Hong Kong Special Administrative Region Government will continue to fully support the issuance of RMB Sovereign Bonds in Hong Kong. Efforts will also be made to enrich investment products and risk management tools, enhance RMB liquidity, and improve financial infrastructure to build a more prosperous offshore RMB business ecosystem.
     
         Mr Chan concluded his visit to Beijing today and will return to Hong Kong in the evening.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Gold delivery vault launched

    Source: Hong Kong Information Services

    The Financial Services & the Treasury Bureau welcomed the launch of the Shanghai Gold Exchange (SGE)’s first offshore gold delivery vault in Hong Kong and the listing of relevant gold contracts for delivery in Hong Kong on its International Board today.

     

    Secretary for Financial Services & the Treasury Christopher Hui said that the SGE’s decision to establish its first International Board certified vault in Hong Kong offers international investors an option for delivering gold offshore, marking a key stride in the internationalisation of the country’s gold market, extending the global footprint of renminbi-denominated gold trading, and further strengthening Hong Kong’s role in the regional market.

     

    The Hong Kong Special Administrative Region Government is pushing ahead with the development of an international gold trading centre in Hong Kong to tap into new growth areas for financial services as well as to consolidate and enhance the city’s status as an international financial centre.

     

    Mr Hui highlighted that the SGE’s establishment of a certified vault in Hong Kong will attract more international investors to participate in the SGE’s trading and increase gold storage in Hong Kong, thus driving the development of related services, giving impetus to the development of an international gold trading centre.

    He added that Hong Kong has unique advantages under the “one country, two systems” principle and is able to provide comprehensive financial, logistics, and shipping services. Coupled with a deep offshore renminbi liquidity pool, international institutional investors will enjoy facilitation in their participation in gold trading with delivery in Hong Kong.

     

    The Hong Kong SAR Government and the Shanghai Municipal Government signed the Action Plan for Collaborative Development of Shanghai and Hong Kong International Financial Centres.

     

    Mr Hui said he looks forward to the further deepening of co-operation, expansion of mutual market access between the two markets, and scaling up of two-way participation between Hong Kong and Shanghai by complementing the advantages of the two leading international financial centres under the “one country, two systems” framework.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Inception Growth Acquisition Limited Announces Postponement of the Special Meeting to July 14, 2025 and Extension of Redemption Request Deadline

    Source: GlobeNewswire (MIL-OSI)

    New York, June 26, 2025 (GLOBE NEWSWIRE) — Inception Growth Acquisition Limited (the “Company”), a blank check company, today announced that its previously announced special meeting of shareholders (the “Special Meeting”) will be postponed from 10:00 a.m. Hong Kong Time on July 1, 2025 to 10:00 a.m. Hong Kong Time on July 14, 2025 to provide stockholders with additional time to review the supplement (the “Supplement”) to the definitive proxy statement (the “Original Proxy Statement”), which was filed with the Securities and Exchange Commission (the “SEC”) on June 25, 2025. The Supplement corrects, among other things, the per share redemption price from $13.18 to $12.09, provides updates regarding the Company’s annual meeting held on June 5, 2025, and extends the deadline for stockholders to submit redemption requests.

    There is no change to the location, the record date or any of the other proposals to be acted upon at the Special Meeting. The physical location of the Special Meeting remains at the offices of Loeb & Loeb LLP, 2206-19 Jardine House, 1 Connaught Place Central, Hong Kong SAR, and virtually via teleconference using the following dial-in information:

        US Toll Free   +1 866 213 0992
        Hong Kong Toll   +852 2112 1888
        Participant Passcode   2910077#

    The Special Meeting is being held for the purpose of considering and voting on, among other proposals, proposals to approve the Company’s proposed business combination with AgileAlgo Holdings Ltd.

    The record date for determining the Company stockholders entitled to receive notice of and to vote at the Special Meeting remains the close of business on May 27, 2025 (the “Record Date”). Stockholders as of the Record Date are eligible to vote, even if they have subsequently sold their shares. Stockholders who have already submitted their proxies or voted and do not wish to change their vote need not take any further action.  All previously cast votes associated with the Special Meeting remain valid for the Special Meeting, unless revoked as described in the Original Proxy Statement or the Supplement. Stockholders who have not yet voted are urged to submit their votes promptly.

    As a result of the postponement, the deadline for delivery of redemption requests from the Company’s stockholders in connection with the proposed business combination has been extended from June 27, 2025 (two business days before the originally scheduled Special Meeting) to July 10, 2025 (two business days before the postponed Special Meeting). Stockholders who have already submitted redemption requests may revoke such requests prior to the new deadline in accordance with the procedures described in the Original Proxy Statement filed with the SEC on May 27, 2025, and the Supplement.

    If you have questions regarding the certification of your position or delivery of your shares, please contact:

    Continental Stock Transfer & Trust Company, LLC
    1 State Street 30th Floor
    New York, NY 10004-1561
    E-mail: spacredemptions@continentalstock.com

    Stockholders are advised to review the Supplement carefully and to consider it together with the Original Proxy Statement, both available on the SEC’s EDGAR database at www.sec.gov, for complete details regarding the postponement, the corrected redemption price, the updated redemption deadline, and other corrected and updated information.

    The Company’s stockholders who have questions regarding the postponement, the Special Meeting, or would like to request documents may contact the Company’s proxy solicitor, Advantage Proxy, Inc., at (877) 870-8565, or banks and brokers can call (206) 870-8565, or by email at ksmith@advantageproxy.com.

    About Inception Growth Acquisition Limited

    Inception Growth Acquisition Limited is a blank check company incorporated under the laws of Delaware whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. 

    Forward Looking Statements

    This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including but not limited to the date of the Special Meeting, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

    Additional Information and Where to Find It

    On May 27, 2025, the Company filed the Original Proxy Statement with the SEC in connection with its solicitation of proxies for the Special Meeting. On June 26, 2025, the Company filed the Supplement to provide information about, among other things, the postponement of the Special Meeting, the extension of redemption request deadline, and the corrected per share redemption price. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE SUPPLEMENT, THE ORIGINAL PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND OTHER DOCUMENTS THE COMPANY FILES WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the definitive proxy statement (including any amendments or supplements thereto) and other documents filed with the SEC through the web site maintained by the SEC at www.sec.gov or by contacting the Company’s proxy solicitor.

    Participants in the Solicitation

    The Company and its respective directors and officers may be deemed to be participants in the solicitation of proxies from shareholders in connection with the Special Meeting. Additional information regarding the identity of these potential participants and their direct or indirect interests, by security holdings or otherwise, is set forth in the definitive proxy statement. You may obtain free copies of these documents using the sources indicated above.

    Contact

    Inception Growth Acquisition Limited
    Investor Relationship Department
    (315) 636-6638

    The MIL Network –

  • MIL-OSI Africa: G20 Sherpa meeting highlights global development challenges

    Source: South Africa News Agency

    South Africa’s Group of 20 (G20) Presidency convened its third Sherpa meeting this week, focusing on critical global challenges, including sustainable development and geopolitical tensions.

    Speaking to the media, South Africa’s Permanent Representative to the United Nations, Ambassador Mathu Joyini, stressed the urgency of achieving Sustainable Development Goals (SDGs), noting that the G20 represents 85% of global GDP and has a crucial role in advancing the 2030 agenda.

    “We are now five years away from the date set for achieving the SDGs and this is worrisome,” the diplomat stated. 

    He said the 20 largest economies in the world, which come from various regions, have a significant role in fostering the development agenda. “The G20 has a responsibility to push hard during these remaining years.”

    He told journalists that Wednesday’s Sherpa meeting of the G20 at the Sun City Resort addressed complex geopolitical issues, with participants discussing conflicts ranging from the Democratic Republic of Congo to Gaza and Ukraine. 

    However, the approach focused on principles of achieving “just peace” rather than diving into specific conflict details.

    Joyini said South Africa outlined four key priorities for its Presidency, which include disaster resilience, debt sustainability, critical minerals, and the Just Energy Transition (JET). 

    The Ambassador, meanwhile, highlighted the importance of transforming Africa’s mineral extraction model. “We do not want raw materials to be just taken from Africa. We want African countries to have space for beneficiation and manufacturing.”

    The meeting also noted the absence of the United States, with officials expressing openness to continued engagement and emphasising the continuity of the G20 agenda.

    Joyini believed that the gathering signalled South Africa’s commitment to advancing Global South priorities and building on the legacies of previous presidencies from Indonesia, India, and Brazil. 

    Meanwhile, Joyini explained the continuity of priorities, such as the Global Alliance Against Hunger and Poverty from Brazil. “Our task force on food security that we are creating is focusing on the regional level and at the global level.” – SAnews.gov.za
     

    MIL OSI Africa –

  • MIL-OSI Russia: “Turpan is a place I dreamed about”: a special screening of a film by an Uzbek documentary filmmaker was held at the Xinjiang – Central Asia media salon

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    BEIJING, June 26 (Xinhua) — The “China’s Xinjiang – Central Asia” media salon was held Wednesday at the scenic Hoshanhong Distillery tourist area in Turpan, northwest China’s Xinjiang Uygur Autonomous Region. Twenty-three media representatives from China, Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan and Turkey watched the documentary “Turpan – A Place I Dreamed About.”

    The event was attended by the film’s creator Muhammad Obidov, who is also the chairman of the Union of Journalists of the Fergana Region and the editor-in-chief of the Fergana Pravda newspaper. This film was shot under his supervision in Turfan in August 2024.

    As M. Obidov said, he came to Turpan in 2023, taking advantage of the opportunity to record an interview as a journalist. After spending just one day there, he was deeply impressed by the local culture, traditions and natural landscapes, and an idea to make a documentary about this place began to emerge in his head. In 2024, during a second visit to the city, he managed to realize his dream.

    According to M. Obidov, the documentary is currently available for viewing in Uzbek, Russian and Chinese. In Uzbekistan, the film was broadcast on several leading media structures and received a favorable response from the audience.

    “This is a touching documentary that faithfully tells the story of the development of Turpan’s grape industry, the rapidly renewing appearance of the city and the happy life of local residents, which contributes to the humanitarian exchanges between China and Uzbekistan,” said Song Tao, deputy head of the Propaganda Department of the CPC Committee of Turpan City.

    Turpan, located in the eastern Tianshan Mountains of Xinjiang, is a mountain basin. Despite the dry climate and sparse rainfall, thanks to the wisdom of local residents, it has become a green oasis and a famous wine-growing region in the country.

    According to statistics, by the end of 2024, the area of vineyards in Turpan exceeded 630 thousand mu /42 thousand hectares/, where more than 550 varieties of grapes are grown. It accounts for about 40 percent of the total grape production in Xinjiang. -0-

    MIL OSI Russia News –

  • MIL-OSI: RBC iShares Expands iShares Core Offering with Launch of New ETF

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 26, 2025 (GLOBE NEWSWIRE) — Today, RBC iShares expands its iShares Core exchange traded fund (ETF) lineup with the launch of the iShares Core S&P Total U.S. Stock Market Index ETF (CAD-Hedged) (the ‘iShares Fund’).

    The iShares Fund will provide investors with broad-based exposure to the total U.S. equity market, covering large-, mid-, small-, and micro-capitalized companies. The iShares Fund is a Canadian dollar-hedged offering and complements the iShares Core S&P Total U.S. Stock Market Index ETF, XTOT, which was launched on June 2, 2025.

    The iShares Fund is expected to begin trading on the Toronto Stock Exchange (the “TSX”) today; the iShares Fund is managed by BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect wholly-owned subsidiary of BlackRock, Inc (“BlackRock”).

    Fund Name Ticker Annual
    Management
    Fee    1
    iShares Core S&P Total U.S. Stock Market Index ETF (CAD-Hedged) XTOH 0.07%2

    RBC iShares aims to help clients achieve their investment objectives by empowering them to build efficient portfolios and take control of their financial futures. RBC iShares is committed to delivering a truly differentiated ETF experience and positive outcomes for clients.

    For more information about RBC iShares, please visit https://www.rbcishares.com.

    About BlackRock

    BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate.

    About iShares

    iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1500+ exchange traded funds (ETFs) and US$4.3 trillion in assets under management as of March 31, 2025, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.

    iShares® ETFs are managed by BlackRock Asset Management Canada Limited.

    About RBC
    Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 97,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.

    We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/peopleandplanet.

    About RBC Global Asset Management
    RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC). RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. RBC Funds, BlueBay Funds, PH&N Funds and RBC ETFs are offered by RBC Global Asset Management Inc. (RBC GAM Inc.) and distributed through authorized dealers in Canada. The RBC GAM group of companies, which includes RBC GAM Inc. (including PH&N Institutional) manage approximately $693 billion in assets and have approximately 1,600 employees located across Canada, the United States, Europe and Asia.

    RBC iShares ETFs are comprised of RBC ETFs managed by RBC Global Asset Management Inc. and iShares ETFs managed by BlackRock Asset Management Canada Limited. Commissions, trailing commissions, management fees and expenses all may be associated with investing in ETFs. Please read the relevant prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional.

    ® / TM Trademark(s) of Royal Bank of Canada. Used under license. iSHARES is a registered trademark of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Used under license. © 2025 BlackRock Asset Management Canada Limited and RBC Global Asset Management Inc. All rights reserved.

    Contact for Media:
    Sydney Punchard
    Email: Sydney.Punchard@blackrock.com

    _______________________

    1 As an annualized percentage of the iShares Fund’s daily net asset value.
    2 If applicable, BlackRock Canada or an affiliate is entitled to receive a fee for acting as manager of each iShares ETF in which this iShares Fund may invest (an “underlying product fee” and together with the management fee payable to BlackRock Canada, the “total annual fee”). As the underlying product fees are embedded in the market value of the iShares ETFs in which this iShares Fund may invest, any underlying product fees are borne indirectly by this iShares Fund. BlackRock Canada will adjust the management fee payable to it by this iShares Fund to ensure that the total annual fees paid directly or indirectly to BlackRock Canada and its affiliates by this iShares Fund will not exceed the percentage of the NAV set out above. The total annual fee is exclusive of HST. Any underlying product fees borne indirectly by this iShares Fund are calculated and accrued daily and are paid not less than annually.

    The MIL Network –

  • MIL-OSI: RBC iShares Expands iShares Core Offering with Launch of New ETF

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 26, 2025 (GLOBE NEWSWIRE) — Today, RBC iShares expands its iShares Core exchange traded fund (ETF) lineup with the launch of the iShares Core S&P Total U.S. Stock Market Index ETF (CAD-Hedged) (the ‘iShares Fund’).

    The iShares Fund will provide investors with broad-based exposure to the total U.S. equity market, covering large-, mid-, small-, and micro-capitalized companies. The iShares Fund is a Canadian dollar-hedged offering and complements the iShares Core S&P Total U.S. Stock Market Index ETF, XTOT, which was launched on June 2, 2025.

    The iShares Fund is expected to begin trading on the Toronto Stock Exchange (the “TSX”) today; the iShares Fund is managed by BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect wholly-owned subsidiary of BlackRock, Inc (“BlackRock”).

    Fund Name Ticker Annual
    Management
    Fee    1
    iShares Core S&P Total U.S. Stock Market Index ETF (CAD-Hedged) XTOH 0.07%2

    RBC iShares aims to help clients achieve their investment objectives by empowering them to build efficient portfolios and take control of their financial futures. RBC iShares is committed to delivering a truly differentiated ETF experience and positive outcomes for clients.

    For more information about RBC iShares, please visit https://www.rbcishares.com.

    About BlackRock

    BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate.

    About iShares

    iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1500+ exchange traded funds (ETFs) and US$4.3 trillion in assets under management as of March 31, 2025, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.

    iShares® ETFs are managed by BlackRock Asset Management Canada Limited.

    About RBC
    Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 97,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.

    We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/peopleandplanet.

    About RBC Global Asset Management
    RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC). RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. RBC Funds, BlueBay Funds, PH&N Funds and RBC ETFs are offered by RBC Global Asset Management Inc. (RBC GAM Inc.) and distributed through authorized dealers in Canada. The RBC GAM group of companies, which includes RBC GAM Inc. (including PH&N Institutional) manage approximately $693 billion in assets and have approximately 1,600 employees located across Canada, the United States, Europe and Asia.

    RBC iShares ETFs are comprised of RBC ETFs managed by RBC Global Asset Management Inc. and iShares ETFs managed by BlackRock Asset Management Canada Limited. Commissions, trailing commissions, management fees and expenses all may be associated with investing in ETFs. Please read the relevant prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional.

    ® / TM Trademark(s) of Royal Bank of Canada. Used under license. iSHARES is a registered trademark of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Used under license. © 2025 BlackRock Asset Management Canada Limited and RBC Global Asset Management Inc. All rights reserved.

    Contact for Media:
    Sydney Punchard
    Email: Sydney.Punchard@blackrock.com

    _______________________

    1 As an annualized percentage of the iShares Fund’s daily net asset value.
    2 If applicable, BlackRock Canada or an affiliate is entitled to receive a fee for acting as manager of each iShares ETF in which this iShares Fund may invest (an “underlying product fee” and together with the management fee payable to BlackRock Canada, the “total annual fee”). As the underlying product fees are embedded in the market value of the iShares ETFs in which this iShares Fund may invest, any underlying product fees are borne indirectly by this iShares Fund. BlackRock Canada will adjust the management fee payable to it by this iShares Fund to ensure that the total annual fees paid directly or indirectly to BlackRock Canada and its affiliates by this iShares Fund will not exceed the percentage of the NAV set out above. The total annual fee is exclusive of HST. Any underlying product fees borne indirectly by this iShares Fund are calculated and accrued daily and are paid not less than annually.

    The MIL Network –

  • MIL-OSI Economics: ASEAN Foreign Ministers’ Statement on the Situation in the Middle East

    Source: ASEAN

    We express concern over the escalation of tensions in the Middle East since 13 June 2025, and welcome the ceasefire between Israel and Iran on 24 June 2025. We urge all parties to respect the ceasefire and avoid further escalation of this conflict.
    We reaffirm the obligation of all States to resolve their differences through peaceful means and to respect the sovereignty and territorial integrity of all nations, in line with international law, including the United Nations (UN) Charter. We further reiterate the obligations to protect civilians and civilian infrastructures in armed conflicts consistent with international law and relevant UN Security Council resolutions.
    We support ongoing efforts, including those led by the UN, aimed at de-escalating tensions and facilitating the resumption of constructive engagement among parties involved.
    We also re-emphasise the shared commitment to provide emergency assistance to ASEAN nationals, in accordance with the ASEAN Declaration on the Guidelines on Consular Assistance by ASEAN Member States’ Missions in Third Countries to Nationals of Other ASEAN Member State and the Guidelines for the Provision of Emergency Assistance by ASEAN Missions in Third Countries to Nationals of ASEAN Member Countries in Crisis Situations.

     
    Download the full statement here.

    The post ASEAN Foreign Ministers’ Statement on the Situation in the Middle East appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • Haryana govt gears up to roll out Lado Lakshmi Scheme; Rs 2,100 monthly aid for poor women

    Source: Government of India

    Source: Government of India (4)

    The Haryana government has completed preparations to roll out the Lado Lakshmi Scheme, which promises monthly financial support of Rs 2,100 to women from economically weaker sections.

    According to the Department of Information, Public Relations, Language and Culture (DIPR) on X, the scheme is set to be implemented this year. “Under this scheme, an amount of Rs 2,100 will be deposited into the accounts of women this year itself,” the post quoted CM Saini as saying.

    A budgetary provision of Rs 5,000 crore has been allocated for the scheme. The post also mentioned that the government has fulfilled 28 out of the 217 resolutions made, and work is underway on 90 others, within just five months of assuming office.

    In another key announcement, the chief minister said results for 7,500 government job positions will be declared soon. “A plan is also being prepared to recruit youth for vacant posts across departments,” the post read.

    Earlier this week, on June 23, CM Saini had urged Vice Chancellors of state universities to prioritise skill development programmes aimed at improving employability among the youth.

    According to an official release, the CM stressed the need for stronger industry-academia collaboration. “Each university should run at least 10 per cent of its programs in partnership with industrial entities,” he said, adding that the move is aimed at aligning education with evolving market needs and generating employment opportunities in the state.

  • MIL-OSI Asia-Pac: Commissioner for Belt and Road leads delegation to Indonesia and Malaysia to promote Hong Kong’s professional services

    Source: Hong Kong Government special administrative region

         The Commissioner for Belt and Road, Mr Nicholas Ho, led a delegation to Indonesia and Malaysia to promote Hong Kong’s professional services related to infrastructure and construction and to explore opportunities for co-operation. The visit concluded today (June 26).
     
         The delegation visited Jakarta, Indonesia, on June 23 and 24, and Kuala Lumpur, Malaysia, on June 25 and 26 to meet with government officials, business leaders and representatives of professional organisations and enterprises of the two places.
     
         The delegates visited the Daya Anagata Nusantara Investment Management Agency and the Investment Coordinating Board in Indonesia, as well as the Public Private Partnership Unit of the Prime Minister’s Department and the Malaysian Investment Development Authority in Malaysia, to learn about the latest economic and infrastructure developments in the two places. While in Malaysia, they also met with the Minister of Transport of Malaysia, Mr Loke Siew Fook, to exchange views and understand the planning and development of Malaysia’s transportation system, with a view to exploring opportunities for Hong Kong’s professional services to participate and contribute.
      
         In addition, the delegation attended presentations of signature projects in the two places, directly connecting with representatives of local enterprises to explore commercially viable investment and co-operation. They also attended business luncheons hosted in the two places by the Belt and Road Office with the support of the Hong Kong Economic and Trade Office in Jakarta to promote Hong Kong’s business advantages to around 200 local business leaders. Apart from the delegates, around 20 representatives from Hong Kong enterprises and organisations also took part in some of the exchange sessions. During the visit period, Hong Kong representatives signed 21 Memoranda of Understanding with their partners in Indonesia and Malaysia, covering such areas as business collaboration and exchanges in professional services.
     
         During the stay in Jakarta, Mr Ho also visited a data centre, an investment development project of a Hong Kong company, to learn about how the data centre contributes to the development of the Digital Silk Road in promoting connectivity.
     
         Mr Ho said, “The Association of Southeast Asian Nations is Hong Kong’s second-largest trading partner and a key link in the Belt and Road Initiative. Indonesia and Malaysia are both undergoing rapid infrastructure development, and there is huge demand for professional services in large-scale projects such as the new capital city of Nusantara in Indonesia and the mass rapid transit system in Malaysia. Hong Kong, as a ‘super connector’ and a ‘super value-adder’, is connected to international standards in fields such as financing, law, construction engineering, project management, logistics and transportation, and innovative technology. We also have a deep pool of professionals with experience especially in taking forward public-private partnerships in infrastructure projects, presenting extensive room for collaboration with Indonesia and Malaysia to seize the opportunities brought by the Belt and Road Initiative.”
     
         He added that as an international financial and trade centre, Hong Kong possesses the advantages of convergence of capital and talent, and is committed to giving full play to its role as a functional platform for the Belt and Road, striving for solid progress in pursuing high-quality Belt and Road co-operation. As announced in “The Chief Executive’s 2024 Policy Address”, the Government will continue to pay visits and lead business and professional services delegations to priority markets such as Belt and Road countries.
     
         The delegation comprises around 20 representatives from professional services and commercial sectors, including small and medium-sized enterprises. The visit is supported by the Professionals Participation Subsidy Programme under the Government’s Professional Services Advancement Support Scheme. Hong Kong professionals from eligible professional sectors can apply for the subsidy to join the visit to promote Hong Kong’s competitive edges and professional services.

    MIL OSI Asia Pacific News –

  • MIL-OSI NGOs: Cambodia: Government allows slavery and torture to flourish inside hellish scamming compounds

    Source: Amnesty International –

    Cambodia: Government allows slavery and torture to flourish inside hellish scamming compounds

    • Amnesty visits more than 50 scamming compounds in 18-month long research
    • Testimony from survivors details human trafficking, slavery and forced labour affecting thousands
    • Findings point towards state complicity in abuses carried out by Chinese criminal gangs

    The Cambodian government is deliberately ignoring a litany of human rights abuses including slavery, human trafficking, child labour and torture being carried out by criminal gangs on a vast scale in more than 50 scamming compounds located across the country, Amnesty International said in a new report published today.

    Survivors interviewed for the report, “I Was Someone Else’s Property”, believed they were applying for genuine jobs but were instead trafficked to Cambodia, where they were held in prison-like compounds and forced to conduct online scams in a billion-dollar shadow economy defrauding people around the world.

    Jobseekers from Asia and beyond are lured by the promise of well-paid work into hellish labour camps run by well-organized gangs, where they are forced to scam under the very real threat of violence.

    Agnès Callamard, Amnesty International’s Secretary General

    “Deceived, trafficked and enslaved, the survivors of these scamming compounds describe being trapped in a living nightmare – enlisted in criminal enterprises that are operating with the apparent consent of the Cambodian government,” Amnesty International’s Secretary General Agnes Callamard said.

    “Jobseekers from Asia and beyond are lured by the promise of well-paid work into hellish labour camps run by well-organized gangs, where they are forced to scam under the very real threat of violence.

    “Amnesty’s research reveals the horrifying magnitude of a crisis the Cambodian authorities are not doing enough to stop. Their failures have emboldened a criminal network whose tentacles extend internationally, with millions of people impacted by the scams.”

    Amnesty’s findings suggest there has been coordination and possibly collusion between Chinese compound bosses and the Cambodian police, who have failed to shut down compounds despite the slew of human rights abuses taking place inside.

    ‘High salary and swimming pool’

    In the most comprehensive documentation yet of the issue, Amnesty’s 240-page report identified at least 53 scamming compounds in Cambodia and interviewed 58 survivors of eight different nationalities, including nine children. Amnesty also reviewed the records of 336 other victims of Cambodian compounds. Those interviewed had either escaped from compounds, been rescued or had a ransom paid by their families.

    The interviewees’ testimony gives a detailed insight into a sprawling, violent criminal operation that is taking place often with the full knowledge of the Cambodian authorities, whose woefully ineffective – and at times corrupt – response to the scamming crisis demonstrates its acquiescence and points towards state complicity in the human rights abuses taking place.

    They told me that if I don’t stop screaming, they’re going to keep hitting [me] until I stop.

    *Lisa, who was trafficked at the age of 18 and forced to work on scams

    One survivor, *Lisa, who was 18 and looking for work during a break from school in Thailand when she was trafficked, said: “[The recruiters] said I would work in administration… they sent pictures of a hotel with a swimming pool… the salary was high.”

    Instead, Lisa was taken across a river at night into Cambodia, where she spent 11 months held against her will by armed security guards and forced to work on scams. When she tried to escape, she was severely beaten.

    “There were four men… three of them held me down while the boss hit me on the soles of my feet with a metal pole… They told me that if I don’t stop screaming, they’re going to keep hitting [me] until I stop,” she said.

    Map showing the 53 scamming compounds documented by Amnesty International.

    ‘They kept beating [them] until their body was purple’

    As part of its 18-month long research, Amnesty International visited all but one of the 53 scamming compounds located in 16 towns and cities across Cambodia, as well as 45 similar sites also strongly suspected to be scamming compounds. Many of the buildings were formerly casinos and hotels repurposed by criminal gangs – mostly from China – after Cambodia banned online gambling in 2019.

    Compounds appeared designed to keep people inside, with features such as surveillance cameras, barbed wire around perimeter walls and large numbers of security personnel, often carrying electric shock batons and in some cases firearms. Survivors reported that “escape was impossible”.

    Most victims had been lured to Cambodia by deceptive job advertisements posted on social media sites such as Facebook and Instagram. After being trafficked, survivors said they were forced to contact people using social media platforms and begin conversations aimed at defrauding them. These included fake romances or investment opportunities, selling products that would never be delivered, or building trust with victims before financially exploiting them – known as “pig-butchering”.

    All but one of the survivors interviewed were victims of human trafficking, while everyone had been subjected to forced labour under the threat of violence. In 32 cases, Amnesty International concluded the survivors were victims of slavery as defined under international law, with compound managers exerting a level of control over them that amounted to de facto ownership. Survivors also reported being sold into compounds or witnessing the sale of other people. Many others were told they owed a debt to the compound which they had to work to repay.

    Forty of the 58 survivors interviewed had suffered torture or other ill-treatment – almost always carried out by compound managers. Some compounds had specific rooms – often known as “dark rooms” – which were designated places for torture of people who did not or could not work or meet work targets, or who contacted the authorities.

    Survivors frequently mentioned deaths inside the compounds or nearby; one survivor described hearing a body hitting the roof of a building. Amnesty International also confirmed the death of a Chinese child inside a compound.

    Survivor *Siti described seeing a Vietnamese person beaten by compound bosses for around 25 minutes. He said: “They just keep beating [the Vietnamese person] until their body was…purple…then [using] the electric baton. Beat the Vietnamese until he can’t scream, can’t get up…then the boss tell me that they wait until another compound want to buy him.”

    Of the nine children interviewed, five were subjected to torture or other ill-treatment. *Sawat, a 17-year-old Thai boy, was beaten by several managers before being told he would be stripped and forced to jump off the building.

    PSP01: compound with suspected guard posts – highlighted with yellow circles – at strategic locations within the perimeter wall.

    Cambodian government’s glaring failures

    Amnesty International’s report found that the Cambodian government has failed to adequately investigate widespread human rights abuses at scamming compounds despite being repeatedly made aware of them.

    “The Cambodian authorities know what is going on inside scamming compounds, yet they allow it to continue. Our findings reveal a pattern of state failures that have allowed criminality to flourish and raises questions about the government’s motivations,” Amnesty International’s Regional Research Director Montse Ferrer said.

    The government has claimed to be addressing the scamming crisis through its National Committee to Combat Human Trafficking (NCCT) and a number of ministerial task forces, which have overseen a series of police “rescues” of victims from compounds. However, more than two thirds of the scamming compounds identified in the report continued to operate even after police raids and “rescues”. At one compound in Botum Sakor, human trafficking has been widely reported by media and police have intervened multiple times to rescue victims, yet the site remains open.

    Police failings stem from their collaboration or coordination with compound bosses. For example, in many of the “rescues”, instead of entering the compounds and investigating, police would simply meet a manager or security guard at the gate, where they would be handed the individual(s) who had called in for help. Business then continued as usual.

    In other instances, several survivors said they were punished with beatings after their secretive efforts to contact police for help were somehow uncovered by bosses. One Vietnamese survivor told Amnesty International that police “work for the compound and will report requests for help back to the compound bosses”.

    Those “rescued” from compounds were often subsequently detained in immigration detention centres in poor conditions for months at a time – the Cambodian authorities having failed to recognize them as victims of human trafficking and provide them with the support required under international law.

    Meanwhile, the authorities have targeted others speaking out about scamming compounds. Several human rights defenders and journalists working on the issue have been arrested, while the news outlet Voice of Democracy was closed in 2023 in apparent retaliation for its reporting on the scamming crisis.

    Amnesty International sent its findings to the NCCT, which responded by sharing vague data on interventions at compounds, none of which clarified whether the state has identified, investigated or prosecuted individuals for human rights abuses other than deprivation of liberty. It also did not respond to Amnesty International’s list of scamming compounds or suspicious locations.

    Caged windows behind high walls of a scamming compound with three rungs of barbed or razor wire.

    Slavery thrives when governments look away.

    Montse Ferrer, Amnesty International’s Regional Research Director

    “The Cambodian government could put a stop to these abuses, but it has chosen not to. The police interventions documented appear to be merely ‘for show’,” Montse Ferrer said.

    “Cambodia’s authorities must ensure no more jobseekers are trafficked into the country to face torture, slavery or any other human rights abuse. They must urgently investigate and shut down all scamming compounds and properly identify, assist and protect victims. Slavery thrives when governments look away.”

    Survivors interviewed for Amnesty International’s report were from China, Thailand, Malaysia, Bangladesh, Viet Nam, Indonesia, Taiwan and Ethiopia, but Amnesty International also had access to records of hundreds of others who are nationals of India, Kenya, Nepal and the Philippines among many more.

    Background

    Under international human rights law, the Cambodian state has a duty to ensure that no one is held in slavery or servitude or required to perform forced labour. It is obligated to protect children from economic exploitation and must prevent, prohibit, investigate and prosecute acts of torture. The Cambodian government must also effectively investigate, prosecute and adjudicate trafficking whether committed by governmental or non-state actors; it must identify trafficking victims and provide remedy; and it must implement measures to ensure that “rescue” operations of trafficked persons do not further harm their rights and dignity.

    *All survivors using pseudonyms for security reasons

    MIL OSI NGO –