Category: Asia

  • MIL-OSI Asia-Pac: Film Archive’s “Morning Matinee” series to revisit classic films by Fung Wong Nui (with photos)

    Source: Hong Kong Government special administrative region

    To commemorate the 100th anniversary of the birth of acclaimed Cantonese opera virtuoso Fung Wong Nui, the Hong Kong Film Archive (HKFA) of the Leisure and Cultural Services Department will present “Phoenix on the Silver Screen – A Centenary Tribute to Fung Wong Nui” as part of its screening series “Morning Matinee” at the Cinema of the HKFA from August 1 to October 31, featuring 16 classic films starring her.
     
    Fung Wong Nui was a versatile actress both on stage and on the silver screen. She excelled in portraying both a heroine and a villainess, and was articulate in lyrical and martial arts roles. She began her career as an apprentice at the age of 13, and rose to fame when she became an erbang huadan (second female lead). She later formed her own troupe and took up the position of zhengyin huadan (female lead) while continuing to be well liked by audiences. This screening programme comprises four sections: “Gems of Cantonese Opera”, “The Unforgettable Villainess”, “Martial Heroine” and “Comedy and Drama”, allowing audiences to relish the charm of Fung Wong Nui and her remarkable industry achievements.
     
    The four selected films in the section “Gems of Cantonese Opera” are adapted from Fung Wong Nui’s signature repertoire. The widow that she portrays in “Red Shoes Solves the Mystery Case” (1959) is sensual and alluring, and she becomes a household name with her role of a wilful and mean girl in “Luring the Girls On” (1959). In her signature classic “The Princess in Distress” (1962), Fung Wong Nui portrays Princess Hong-luen with a life full of twists and turns. The theme song “Song of a Barbaric Land”, which Fung Wong Nui sings in a duet with the film’s lead actor Mak Bing-wing is highly popular. In “A Bachelor’s Love Affair” (1953), Fung Wong Nui and famous comic actor Leung Sing-por both portray swindlers posing as rich people to milk one another for money, setting off numerous comedy scenes.
        
    Villainess roles were Fung Wong Nui’s forte, and are best illustrated by the four classics under the section “The Unforgettable Villainess”. Her portrayal of a mean and vicious wife in “Henpecked Husband” (1957) is convincing and frightening. She also vividly depicts the role of a perfidious concubine by exhibiting a wide spectrum of viciousness in “The Magic-eyed Queen Spots the Prince, Part One” (1959). Her performances as an enchanting temptress in “Sweet Dreams” (1955) and a depraved woman in “Lust is the Worst Vice” (1963) are meticulously executed, evoking audiences’ emotions while demonstrating a unique charm of villains.
     
    Fung Wong Nui shines in both lyrical and martial arts roles with equal talent. The “Martial Heroine” section includes “Girl Martyr” (1957), “Lady General Fa Muk-lan” (1961), “A Maid Commander-in-chief and a Rash General” (1962) and “An Agnostic and Sagacious Intercession” (1962), in which Fung Wong Nui plays the roles of a beloved mother, a dutiful daughter taking her father’s place in the army, a maid commander-in-chief and a gentlewoman respectively that all showcase her solid foundation in Cantonese operatic arts and techniques, which is awe inspiring.
     
    Fung Wong Nui’s versatile images are manifested by the four works in the section “Comedy and Drama”. She not only brings to life the role of a devoted wife and mother in “Revenge for Parents” (1961) and the role of a mild-mannered young lady in “The Nine-Fingered Devil” (1955), but also succeeds in sparking guffaws in the comic roles of “Loving Enemies” (1957) and “The Illegitimate Lover” (1959).
     
    Some screenings will be accompanied by post-screening talks, hosted by Professor Yuen Siu-fai, Dr Tsui Siu-ming, and Ko Lai, a disciple of Fung Wong Nui, as well as Ho Wai-ling, Wong Yee-man, Wong Chi-wah, Lum Man-yee, Yuen Tsz-ying, Ng Ngok-ching, Shu Kei and Eric Tsang.
     
    Tickets priced at $40 will be available at URBTIX (www.urbtix.hk) from June 29 (Sunday). For telephone bookings, please call 3166 1288. For programme details, please visit the HKFA website at www.filmarchive.gov.hk/en/web/hkfa/2025/fung-wong-nui/pe-event-2025-fung-wong-nui.html or call 2739 2139.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: New round of activities under “Smart Silver” ICT Outreach Programme for Elders to promote digital inclusion (with photos)

    Source: Hong Kong Government special administrative region

    ​To allow the elderly to experience digital life, the Digital Policy Office (DPO) announced today (June 26) that a new round of activities under the “Smart Silver” Information and Communications Technology (ICT) Programme for Elders (the Outreach Programme) will be launched gradually starting early July. Since its launch in 2014, the Outreach Programme has been well received by the elderly, with the number of participation exceeding 150 000. For the new round of the Outreach Programme, it is estimated that no fewer than 45 000 elderly people will participate in the programme, and at least 400 mobile digital service station activities will be held.
     
    Through an open invitation, the DPO has earlier engaged three non-profit-making organisations (NPOs) – The Hong Kong Chinese Women’s Club, Tung Wah Group of Hospitals and Yan Chai Hospital Social Services Department – to implement the new round of the Outreach Programme. Under the programme, ICT outreach activities focusing on using smartphones, tablet computers and other ICT solutions to help improve elderly people’s quality of daily living and connect them to society will be organised for elderly people receiving day care centre services, the hidden elderly, and elderly people in the community. The activities include teaching elderly people to use applications closely related to daily life and helping them improve their muscle strength and eye-hand co-ordination through digital technology products, such as augmented reality games, smart robots and reaction lights. These allow them to experience the benefits brought about by digital technologies.
     
    The three NPOs will also organise mobile digital service station activities across the territory to proactively promote the series of activities under the “Smart Silver” digital inclusion programme for the elderly led by the DPO, introduce common mobile applications of public services to them, answer their questions on the use of smartphones and provide them with anti-fraud information and security tips. Relevant information about service hours and locations of mobile digital service stations has been uploaded to the Elderly IT Learning Portal (www.it2.gov.hk/tc/about/mobile_booth.php) (Chinese only) for reference.
     
    “We are grateful for the support of the NPOs in the previous round of the Outreach Programme and for their contributions to the promotion of digital inclusion. The DPO hopes that members of the public will actively encourage the elderly around them to participate in the digital inclusion activities of the ‘Smart Silver’ programme and join hands with the Government to promote the use of digital technologies by the elderly, so as to build a digitally inclusive and caring society,” a spokesman for the DPO said.
     
    In order to allow members of society to enjoy the benefits of digital technology, the DPO promotes various digital inclusion measures under the “Smart Silver” programme to help those in need (especially the elderly) understand and use digital technology products and services. These measures include outreach programmes, mobile outreach service stations, regular and fixed-point training on digital technologies and technical support, enriched ICT training and a web-based learning portal, enabling them to use digital technologies effectively and safely and fully integrate into the digital society. Members of the public can visit the DPO website (www.digitalpolicy.gov.hk/en/our_work/digital_government/digital_inclusion/) to learn about the details of various activities under the “Smart Silver” Digital Inclusion Programme for Elders.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: DH announces timetable for establishing CMPR and roadmap towards phased implementation of “primary evaluation”

    Source: Hong Kong Government special administrative region

    ​The Department of Health (DH) announced today (June 26) the timetable for establishing the Hong Kong Centre for Medical Products Regulation (CMPR) and the roadmap for implementing “primary evaluation”. The CMPR will be established by the end of next year (2026), and the DH will implement “primary evaluation” for new drug registration in phases beginning next year, with full implementation by 2030. These developments mark a significant milestone in Hong Kong’s transformation into an international health and medical innovation hub.

    The Director of Health, Dr Ronald Lam, said, “The Hong Kong Special Administrative Region (HKSAR) Government is committed to raising regulatory standards for medical products in Hong Kong. With the establishment of the CMPR, we will consolidate regulatory functions for Western and Chinese medicines, as well as medical devices, and enhance the existing regulatory regime in a holistic manner. The vision of the CMPR is to become a “leading, internationally renowned medical products regulatory authority, driving excellence and innovation”, with the goal of gaining international recognition in the field. The CMPR will promote innovation, and research and development (R&D) of drugs and devices by optimising medical products regulation. This will ensure that the public can benefit from the latest scientific research, and that patients will gain earlier access to innovative, safe and effective medical products. It also fosters growth in the local healthcare and biotechnology industries.”(2) continuously enhance professional capacity, strengthen regulatory efficiency, and implement “primary evaluation” in phases; 
    (3) deepen collaboration with local, Mainland and overseas stakeholders and regulatory authorities, strive for international recognition, and foster an innovation-friendly environment; and
    (4) further optimise the regulation of Chinese medicine based on the Chinese Medicine Development Blueprint to be published by the Health Bureau in the fourth quarter of this year, leveraging the HKSAR’s role as a national bridgehead for the internationalisation of Chinese medicine. 

    MIL OSI Asia Pacific News

  • India’s Defence Minister rejects coexistence of terror and peace at SCO Summit

    Source: Government of India

    Source: Government of India (4)

    Defence Minister Rajnath Singh has called for united and decisive action against terrorism and the spread of weapons of mass destruction (WMDs) in the possession of non-state actors and terrorist groups during his address at the Shanghai Cooperation Organisation (SCO) Defence Ministers’ Meeting in China’s Qingdao.

    He underlined that peace and prosperity cannot co-exist with terror and highlighted radicalisation, extremism and a growing trust deficit as the foremost challenges facing the region.

    “I believe that the biggest challenges that we are facing in our region are related to peace, security and trust deficit. And the root cause of these problems is increasing radicalisation, extremism and terrorism,” Singh said.

    “Peace and prosperity cannot co-exist with terrorism and proliferation of Weapons of Mass Destruction (WMDs) in the hands of non-state actors and terror groups,” he said, stressing that only a collective and resolute stand can ensure safety and security for all.

    The Defence Minister said that it is “imperative that those who sponsor, nurture and utilise terrorism for their narrow and selfish ends must bear the consequences.” The Defence Minister warned that nations using cross-border terrorism as a tool of state policy must face consequences.

    “Some countries use cross-border terrorism as an instrument of policy and provide shelter to terrorists. There should be no place for such double standards. SCO should not hesitate to criticise such nations,” he asserted.

    Reiterating India’s zero tolerance towards terrorism, Singh said, “India’s zero tolerance for terrorism is manifest today through its actions. This includes our right to defend ourselves against terrorism. We have shown that epicentres of terrorism are no longer safe, and we will not hesitate to target them.”

    Highlighting the need for global action to prevent the radicalisation of youth, Singh said the SCO’s Regional Anti-Terrorist Structure (RATS) has played a key role in coordinating counter-radicalisation efforts.

    He added that the joint statement issued during India’s chairmanship of the SCO Council of Heads of State on ‘Countering Radicalisation leading to Terrorism, Separatism and Extremism’ reflects the organisation’s shared commitment.

    Singh urged member states to act against the use of modern technology by terrorists, particularly the use of drones for smuggling weapons and narcotics.

    “In our interconnected world, traditional borders are no longer the sole barriers against threats. Instead, we face an intricate web of challenges that range from transnational terrorism and cyber-attacks to hybrid warfare,” he said.

    “These threats do not respect national boundaries, and they demand a unified response rooted in transparency, mutual trust, and collaboration.”

    Recalling the April 22 Pahalgam terror attack, in which 26 tourists were killed by ‘The Resistance Front’, an offshoot of the Pakistan-based UN-designated terror group, Lashkar-e-Taiba, Rajnath Singh said the pattern of the attack mirrored previous strikes by LeT in India.

    “In exercising its right to defend against terrorism and pre-empt as well as deter further cross-border terrorist attacks, India on May 7, 2025, successfully launched Op Sindoor to dismantle cross-border terrorist infrastructure,” he said.

    Singh called for accountability for those behind terrorist acts.

    “We reiterate the need to hold the perpetrators, organisers, financiers and sponsors of reprehensible acts of terrorism, including cross-border terrorism, accountable and bring them to justice. Any acts of terrorism are criminal and unjustifiable regardless of their motivation, whenever, wherever and by whomever committed. SCO members must condemn this evil unequivocally,” he said.

    The Defence Minister underscored the importance of multilateralism, emphasising India’s belief in dialogue and cooperation to prevent conflicts.

    “India believes that reformed multilateralism can help build cooperation to prevent conflict between countries by creating mechanisms for dialogue and collaboration. No country, however large and powerful, can manage alone,” he said, invoking the ancient Indian ethos of ‘Sarve Jana Sukhino Bhavantu’ (May all people be happy).

    He reiterated India’s consistent support for peace and stability in Afghanistan.

    “Our immediate priorities in Afghanistan include providing humanitarian assistance to the Afghan people and contributing to Afghanistan’s overall developmental needs. As Afghanistan’s largest regional development partner, India continues to implement capacity-building initiatives for the Afghan people,” Singh said.

    He concluded with a call for greater cooperation among SCO members, stating that India supports “greater cooperation and mutual trust among SCO members. We should collectively aspire to fulfil the aspirations and expectations of our people as well as tackle today’s challenges. We must all be in lockstep in our endeavour to strengthen stability and security in our neighbourhood.” (IANS)

  • MIL-OSI Asia-Pac: Second policy statement on development of digital assets issued to scale Hong Kong to new heights of global digital asset leadership

    Source: Hong Kong Government special administrative region

    Second policy statement on development of digital assets issued to scale Hong Kong to new heights of global digital asset leadership 
         The Policy Statement 2.0 sets out a vision for a trusted and innovative DA ecosystem that prioritises risk management and investor protection, while delivering concrete benefits to the real economy and financial markets. The latest statement introduces the “LEAP” framework, which focuses on:
    The full policy statement can be seen at the Annex.
     
         The Financial Secretary, Mr Paul Chan, said, “Digital assets hold great development potential with significance to fintech. Through the adoption of blockchain technology, more efficient financial transactions at a lower cost can be realised to bring in more inclusive financial services. The Policy Statement 2.0 sets out our vision for DA development and showcases the practical use of tokenisation through application, with a view to boosting the diversification of use cases. We strive to build a more flourishing DA ecosystem which will integrate the real economy with social life through a prudent regulatory regime and encouragement to market innovation, such that it will bring benefits to both the economy and society while consolidating Hong Kong’s leading position as an international financial centre.”
     
         The Secretary for Financial Services and the Treasury, Mr Christopher Hui, said, “Hong Kong is uniquely positioned to bridge traditional finance with the DA era. The framework set out in the Policy Statement 2.0 helps us “LEAP” towards a trusted, sustainable and deeply integrated DA ecosystem embedded within the real economy. It also keeps Hong Kong at the forefront of digital transformation, offering a clear roadmap for businesses and investors to thrive in a secure and vibrant DA market.”
     
         The FSTB and the SFC will be conducting public consultations on the licensing regimes for DA dealing service providers and DA custodian service providers shortly.
    Issued at HKT 11:50

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Banking: Money Market Operations as on June 25, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 6,07,638.82 5.16 0.01-6.55
         I. Call Money 16,775.52 5.29 4.75-5.35
         II. Triparty Repo 4,09,038.35 5.25 5.20-5.28
         III. Market Repo 1,80,038.55 4.94 0.01-5.40
         IV. Repo in Corporate Bond 1,786.40 5.49 5.40-6.55
    B. Term Segment      
         I. Notice Money** 41.23 5.12 4.90-5.25
         II. Term Money@@ 381.00 5.70-6.20
         III. Triparty Repo 1,758.05 5.47 5.24-5.58
         IV. Market Repo 0.00
         V. Repo in Corporate Bond 0.00
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Wed, 25/06/2025 1 Thu, 26/06/2025 1,309.00 5.75
    4. SDFΔ# Wed, 25/06/2025 1 Thu, 26/06/2025 2,55,293.00 5.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -2,53,984.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       6,433.53  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     6,433.53  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -2,47,550.47  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on June 25, 2025 9,35,907.86  
         (ii) Average daily cash reserve requirement for the fortnight ending June 27, 2025 9,54,173.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ June 25, 2025 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on May 30, 2025 5,84,684.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/592

    MIL OSI Global Banks

  • Gunmen attack Mexican Street Festival, leaving 12 dead

    Source: Government of India

    Source: Government of India (4)

    At least 12 people were killed and nearly 20 others wounded in a brutal overnight attack in the Mexican city of Irapuato, located in the state of Guanajuato, after gunmen opened fire during a festive street celebration honouring St. John the Baptist, local authorities have confirmed.

    The tragedy unfolded on Wednesday (local time) as residents gathered to dance and drink in a community housing complex. A video circulating on social media captured moments of joy– a live band playing, people dancing before panic erupted as gunshots rang out, sending the crowd fleeing in terror.

    Rodolfo Gomez Cervantes, a local official from Irapuato, addressed a press conference on Wednesday, confirming that the death toll had risen to 12 and that about 20 others were receiving treatment for injuries sustained in the attack.

    Mexican President Claudia Sheinbaum condemned the violence and called for swift justice. “It is very unfortunate what happened. An investigation is underway,” she said in a statement, as federal and state security forces scrambled to piece together what transpired and identify those responsible.

    Guanajuato, a state situated northwest of Mexico City, has become one of Mexico’s most violent regions in recent years. Criminal groups have been waging deadly turf wars for control over drug routes, extortion networks, and other illicit enterprises.

    The state recorded 1,435 homicides in the first five months of 2025 — more than double the number seen in any other Mexican state, according to local media reports.

    This latest massacre comes just a day after five people were killed in separate violent incidents across Guanajuato, according to the state attorney general’s office. It also follows a similar attack last month, when gunmen stormed a Catholic Church event in the town of San Bartolo de Berrios, killing seven attendees.

    Authorities have yet to name suspects or confirm which criminal organisation may be behind the recent violence in Irapuato. Investigations are underway. (IANS)

  • MIL-OSI Asia-Pac: Land site allocated for development of new campus of self-financing post-secondary institution

    Source: Hong Kong Government special administrative region

         The Education Bureau (EDB) today (June 26) announced the allocation result of the latest round of the Land Grant Scheme. The land site at Man Lai Road, Tai Wai, will be allocated to Saint Francis University (SFU) for the development of a purpose-built campus for the operation of full-time locally accredited self-financing post-secondary programmes.

         On the recommendation of the Committee on Self-financing Post-secondary Education (CSPE), the Secretary for Education has decided that SFU should be earmarked as the prospective operator for the land site to be granted at a nominal premium.

         An EDB spokesman said, “It has long been the Government’s policy to support the parallel development of the self-financing and publicly funded post-secondary education sectors. In pursuance of the announcement in the Chief Executive’s 2023 Policy Address, we envisage that the allocation of the site will be conducive to supporting the capacity expansion and quality enhancement of the self-financing sector, thereby enabling the sector to play a more proactive role in Hong Kong’s development into an international post-secondary education hub.”

         The Government invited applications from eligible institutions for the Scheme from December 2024 to March 2025 and received three applications. The CSPE is responsible for giving advice to the Secretary for Education on the comparative merits of the applications received under the Scheme, having regard to the applicants’ education development and site development proposals following a fair and competitive process.

    Details of the Scheme and previously approved applications are available on the website of the Concourse for Self-financing Post-secondary Education (www.cspe.edu.hk/en/Overview-Measures.html).

    MIL OSI Asia Pacific News

  • MIL-OSI New Zealand: NZ SUPER FUND STAKEHOLDER UPDATE

    Source: New Zealand Super Fund

    Portfolio Update – The value of the NZ Super Fund has mirrored the performance of global risk assets over the past couple of months, dropping to $74 billion following US President Donald Trump’s “Liberation Day” tariff announcements on 2 April and subsequently recovering to pass $83 billion.

    Periods of volatility are part and parcel of running a growth-focused portfolio, which we continue to believe is the investment strategy best suited to our mandate and to our purpose, Sustainable Investment Delivering Strong Returns to All New Zealanders.

    As a long-term investor, we are able to ride out, and even take advantage of, short-term market volatility. For example, one of our most successful active strategies over the past few years is Strategic Tilting. This strategy is based on our belief that investments tend to return to fair value over time and that, given our long-term investment horizon, we can improve our risk-adjusted returns by reducing our exposure to assets we believe are over-priced assets in favour of holding assets we believe offer value.

    As we have seen during the GFC and at the outset of the Covid pandemic, this strategy can generate losses over the short to medium term: our operational independence and our clearly defined governance model are essential to the success of this strategy.

    Market Conditions

    Financial markets remain closely attuned to developments in U.S. trade policy and ongoing tariff negotiations under the Trump Administration. These policy uncertainties, combined with concerns over the recently released federal budget – which is projected to significantly widen the U.S. fiscal deficit – have heightened investor caution.

    As a result, long-term U.S. Treasury yields have risen, driven in part by increased investor demand for alternative sovereign debt instruments. Notably, Japanese Government Bonds (JGBs) have seen a pickup in yields, offering a relatively attractive option for investors seeking safety and yield diversification. This shift in sentiment has also contributed to a modest depreciation of the U.S. dollar against major currencies.

    Global economic activity expanded at a moderate pace in Q1, but recent indicators suggest a softening in momentum across several economies. Inflation remains broadly in line with central bank targets, helped by subdued energy prices. In response to the cooling outlook, central banks in New Zealand, Australia, and the Eurozone have eased monetary policy, while the U.S. Federal Reserve held interest rates steady.

    Adding to global uncertainty, escalating geopolitical tensions in the Middle East have driven a sharp increase in commodity prices, particularly in oil markets. These developments are likely to be a key source of market volatility in the near term.

    The NZ Super Fund in the Budget

    The amount of money the government is required to contribute to the Super Fund is determined by a formula set out in Section 43 of our Act (the New Zealand Superannuation and Retirement Income Act 2001).

    It is a complicated-looking calculation, but the most important inputs are the expected nominal GDP and net cost of superannuation over the following 40 years and the size of the Super Fund.

    If nominal GDP or the size of the Super Fund is higher than expected (or if the net cost of superannuation is lower), the Government is required to contribute a lower amount.

    These forecasts are updated by Treasury every six months at the Budget Economic and Fiscal Update (BEFU) and the Half-Year Economic and Fiscal Update (HYEFU).

    At the last HYEFU, Treasury forecast that the government would be able to make its first withdrawal from the Super Fund in 2031 ($96 million).

    Last month’s updated numbers, published alongside Finance Minister Nicola Willis’s 2025 Budget, forecast that the first withdrawal would come in 2028 ($32 million). 2036 remains the year where withdrawals are forecast to pass $1 billion for the first time.

    Reductions in forecast government contribution have been a trend for the past few years, driven by higher-than-expected returns from the Super Fund and lower-than-previously-expected future net superannuation costs.    

    The Elevate Fund

    The Budget also contained the news that the Government would divert this year’s capital contribution of $61 million to the Elevate Fund, along with a further $39 million from the government’s capital allowance.

    This $100 million commitment provides some welcome certainty for NZGCP, whom the Guardians appointed to manage Elevate in line with the legislation that established the fund in 2019 (the Venture Capital Fund Act), and matches the approach taken by the previous government when it first set up Elevate.

    We look forward to continuing to work with NZGCP to maintain Elevate’s contribution to increasing the venture capital available to New Zealand entities and developing New Zealand’s venture capital markets to function more effectively. 

    Minister of Finance’s Letter of Expectations

    We have now published our response to the Letter of Expectations 2025/26 that we received earlier this year from Finance Minister Nicola Willis.

    Click here to read the Minister’s letter, and here to read our response. 

    Guardians staffer elected to ILPA board

    Del Hart, our Head of External Investments and Partnerships, was recently elected to the Board of the Institutional Limited Partners Association. With 618 institutional members drawn from 50 countries, the ILPA is an important industry advocate and thought leader.

    Private markets are growing and changing rapidly. Del’s perspective will be of great value as we continue to refine our thinking about investing in this asset class.

    Industry recognises Leadership Team member’s career and contribution

    Paula Steed, recently appointed as Guardians GM Technology (and previously GM Strategy and Shared Services), has been inducted as a Fellow of the Chartered Accountants Association of Australia and New Zealand (CAANZ). Fellowships are given for outstanding career achievements or contributions to the profession, as decided by CAANZ members.  

    NZ Super Fund Scholarship winner

    Avondale College alumna Chana Malungahu is the latest recipient of the NZ Super Fund AUT Business Scholarship – Pacific. Chana, who enrolled at AUT in the second semester last year, is currently studying business strategy, international business management, and entrepreneurship and innovation, and working towards a Bachelor of Business degree. 

    AUT Business School announced the award of this scholarship via their LinkedIn page.

    Annual Report voted best in Australasia

    For the fourth time in five years the Guardians’ annual report has been named Report of the Year at this year’s ARA awards. Judges described the report as “designed to engage readers and effectively communicate the organisation’s messages … customer centric and easy to understand.”

    Read our Annual Report for FY24 here.

    The Judges’ comments and a full list of award winners can be found on the ARA website.

    In the news

    Guardians Board member (and former Senior Investment Strategist at the NZ Super Fund) Sue Brake and CalPERS Chief Investment Officer (and former Chief Investment Officer at the NZ Super Fund) Stephen Gilmore talk about the Total Portfolio Approach to investing with Thinking Ahead Institute Associate Director Isabella Martin – the latest in Isabella’s Investing for the Future series of podcasts.

    The Guardians is gearing up to combine a multitude of investment data models across the organisation into a central model-of-models, which should lead to better investment decisions and cost savings. Maaike van Tol, our Director of Portfolio Design, recently sat down with the Investment Innovation Institute’s Director of Content, Wouter Klijn, to talk about how a comprehensive data analytics function can lead to more meaningful conversations, better investment decisions, and lower costs. Read Wouter’s report here.   

    Sustainable Investment Analyst Laumanu Mafi recently featured on RadioNZ’s Pacific Waves programme, where she and host Susana Suisuiki discussed some of the difficulties Pacific women face in accessing the retirement benefits they need. An economist by training, Laumanu spent three years on the investment team at Tonga’s Retirement Fund Board before joining the Guardians two years ago. Go to RNZ Pacific to listen to their conversation.

    Congratulations to former Guardians Board member Mark Tume, winner of the Invest New Zealand – Te Tohu Kahukura Māori Leadership in Finance Award at the recent INFINZ awards. A full list of award winners can be found here.

    MIL OSI New Zealand News

  • MIL-OSI Security: 1-2 SBCT Transfers Authority to 1-4 SBCT

    Source: United States INDO PACIFIC COMMAND

    CAMP CASEY, South Korea – U.S. Army Soldiers assigned to 1st Stryker Brigade Combat Team, 4th Infantry Division, uncased their colors, and the 1st Stryker Brigade Combat Team, 2nd Infantry Division, cased theirs during a Korea Rotational Force transfer of authority ceremony held June 18, on Camp Casey.

    MIL Security OSI

  • MIL-OSI Security: 1-2 SBCT Transfers Authority to 1-4 SBCT

    Source: United States INDO PACIFIC COMMAND

    CAMP CASEY, South Korea – U.S. Army Soldiers assigned to 1st Stryker Brigade Combat Team, 4th Infantry Division, uncased their colors, and the 1st Stryker Brigade Combat Team, 2nd Infantry Division, cased theirs during a Korea Rotational Force transfer of authority ceremony held June 18, on Camp Casey.

    MIL Security OSI

  • MIL-OSI Russia: The 9th China-South Asia Expo closed in Kunming

    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

    KUNMING, June 25 (Xinhua) — The 9th China-South Asia Expo concluded on Tuesday in Kunming, capital of southwest China’s Yunnan Province, attracting over 500,000 visitors to the six-day expo.

    KUNMING, June 25 (Xinhua) — The 9th China-South Asia Expo concluded on Tuesday in Kunming, capital of southwest China’s Yunnan Province, attracting over 500,000 visitors to the six-day expo.

    KUNMING, June 25 (Xinhua) — The 9th China-South Asia Expo concluded on Tuesday in Kunming, capital of southwest China’s Yunnan Province, attracting over 500,000 visitors to the six-day expo.

    KUNMING, June 25 (Xinhua) — The 9th China-South Asia Expo concluded on Tuesday in Kunming, capital of southwest China’s Yunnan Province, attracting over 500,000 visitors to the six-day expo.

    KUNMING, June 25 (Xinhua) — The 9th China-South Asia Expo concluded on Tuesday in Kunming, capital of southwest China’s Yunnan Province, attracting over 500,000 visitors to the six-day expo.

    KUNMING, June 25 (Xinhua) — The 9th China-South Asia Expo concluded on Tuesday in Kunming, capital of southwest China’s Yunnan Province, attracting over 500,000 visitors to the six-day expo.

    MIL OSI Russia News

  • MIL-OSI Russia: New flight connects Chinese Guangzhou with Almaty

    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) — China Southern Airlines flight CZ3083 with 145 passengers on board took off from Guangzhou Baiyun International Airport in south China’s Guangdong Province on Wednesday for Almaty, Kazakhstan, marking the official opening of a direct air route between the two cities by the Chinese carrier.

    The new route will be operated by Boeing 737-8 aircraft in both directions on Mondays, Wednesdays and Fridays, the Chinese news agency Zhongxinshe reports.

    With the addition of this route to the schedule, China Southern Airlines’ fleet now operates a total of 26 direct round-trip flights per week, connecting Almaty with airports in Guangzhou, Urumqi (the capital of the Xinjiang Uygur Autonomous Region in Northwest China), Xi’an (the capital of Shaanxi Province in Northwest China) and Beijing Daxing Airport.

    Let us recall that 2024 was the Year of Kazakhstan Tourism in China, and 2025 has been declared the Year of China Tourism in Kazakhstan. The opening of the new airline will facilitate business and tourism exchanges between China and Kazakhstan, the report notes.

    In addition, as previously reported, China Southern Airlines will also launch a Guangzhou-Tashkent flight on June 30. The carrier’s network of flights on air routes between China and Central Asia continues to expand. -0-

    MIL OSI Russia News

  • MIL-OSI USA: Cornyn, Colleagues Introduce Bill to Mitigate Foreign Influence on U.S. Policymaking

    US Senate News:

    Source: United States Senator for Texas John Cornyn

    Legislation Would Ban Former Government Employees from Lobbying for Countries of Concern

    WASHINGTON – U.S. Senators John Cornyn (R-TX), Peter Welch (D-VT), Jim Risch (R-ID), and Sheldon Whitehouse (D-RI) introduced the Conflict-free Leaving Employment and Activity Restrictions (CLEAR) Path Act, which would mitigate foreign influence on U.S. policymaking by prohibiting former government employees from lobbying on behalf of countries of concern:
    “Foreign adversaries with ill intentions should not wield influence on American policymaking, nor should they exploit our own citizens to intercede on their behalf,” said Sen. Cornyn. “This commonsense legislation would root out attempts of malign foreign interference and permanently ban former U.S. government employees from lobbying for countries of concern like Russia and China.”
    “Public trust in our democratic institutions has been eroding,” said Sen. Welch. “It’s vital we set higher standards against potential conflicts of interest for former government employees, particularly when it involves foreign adversaries that might be working to influence U.S. policy.”
    “It isn’t right for senior government officials to turn their public service experience into a payout from malign foreign governments,” said Sen. Risch. “This bill will help prevent corruption at the highest levels of our government, protect our national security, and ensure that our public servants do not abuse their power for the good of America’s adversaries.”
    “America is engaged in a clash of civilizations against kleptocrats, international criminals, and corrupt foreign nations that provide them safe harbor,” said Sen. Whitehouse. “Our adversaries exploit both secret and overt channels of influence to put their thumb on the scale of American policy.  I’m glad to join this bipartisan effort to prevent senior U.S. government officials from selling their expertise, access, and influence to shadowy foreign interests after they leave their jobs.”
    Background:
    With recent attempts by foreign actors to manipulate the U.S. political and governing processes in recent years, the Clear Path Act would seek to mitigate foreign malign influence in our political system by:
    Permanently banning agency heads, deputies, and Senate-confirmed employees from lobbying the executive and legislative branches on behalf of countries of concern, including China, Russia, Iran, North Korea, Syria, and Cuba;
    And including a mechanism to add or remove countries of concern via a Senate Foreign Relations Committee and House Judiciary Committee joint resolution and with the concurrence of the U.S. Secretary of State and U.S. Attorney General.

    MIL OSI USA News

  • MIL-OSI USA: Gov. Pillen Celebrates Passage of Bill to Protect Against Influence of Foreign Adversaries

    Source: US State of Nebraska

    . Pillen Celebrates Passage of Bill to Protect Against Influence of Foreign Adversaries

     

    LINCOLN, NE – Today, Governor Jim Pillen celebrated passage of LB644, brought on his behalf by Senator Eliot Bostar. During the news conference, the Governor signed ceremonial copies of the bill. He officially signed the legislation into law on June 4.

    LB644 creates two new acts: the Foreign Adversary and Terrorist Agent Registration Act and the Crush Transnational Repression in Nebraska Act. Together, the acts are aimed at knowing who represents foreign adversaries within the state, curbing the information and/or data they may access or distribute, as well as providing protection against tactics that could be utilized by such organizations to cause undue influence or harm. Reporting requirements and penalties for violations are outlined within each Act.

    “Iran, China, Russia, North Korea, Cuba and the Maduro regime in Venezuela are all designated as foreign adversaries by the U.S. Government,” said Gov. Pillen. “They do not have our best interests at heart and as a result, we need to take appropriate steps to make sure that as a state, we are protected.”

    LB644 represents the latest of several executive and legislative actions that Gov. Pillen has authorized since taking office – all aimed at making sure state assets including infrastructure, land, technology and people are protected.

    “In today’s world, the means of getting access, of getting information, and crippling our most critical systems is easier than ever, which is why we are highly focused on addressing these issues,” continued Gov. Pillen.

    Lieutenant Governor Joe Kelly, who serves as the state’s director of homeland security, called attention to several of the executive orders and bills signed by Gov. Pillen over the two previous legislative sessions — including LB683 and LB1301 — both brought Sen. Bostar. Those bills, respectively, address the protection of communications equipment and prohibit companies from adversarial countries bidding on state and local procurement contracts.

    “This year, primarily, the legislation is focused on guarding against foreign adversarial influence operations,” said Bostar. “We have some existing transparency requirements for those who would seek to influence policy in the state of Nebraska, but not enough. It doesn’t prohibit the circumvention of full transparency over interests that would be adversarial to the interests of Nebraskans.”

    Michael Lucci, founder and CEO of State Armor, pointed to Nebraska’s leadership among other states when it comes to addressing national security issues.

    “Resilience is the key topic for states to address — being ready for potential conflict, being ready to counter political warfare — this is a part of resilience,” noted Lucci.

    State Armor works alongside states to identify solutions to global security issues and was founded following the introduction of LB683 in 2023.

    “One of the first things when our organization was founded was to tell states, ‘do what Nebraska did.’  And we have not stopped conveying that message.”  

    Lucci commended Nebraska lawmakers on taking a bipartisan approach to legislation aimed at protecting the state and signaled it was the approach President Trump and other federal officials want to see.  

    Major General Craig Strong, adjutant general for the Nebraska National Guard and director of the Nebraska Emergency Management Agency (NEMA) remarked that in his dual role, homeland security was top of mind.

    “Our adversaries can reach out at us through many different methods, and not just through the traditional, conventional munitions, but by way of cyber-attack, satellite imagery and other vectors that we have to be aware of, such as drones,” said MG Strong. “This bill clearly helps us maintain the level of awareness and readiness that are important elements of our state emergency response plans, particularly as it relates to Nebraska’s homeland defense.

     Also attending today’s news conference and ceremonial bill signing were senators Beau Ballard, Barry DeKay and Brian Hardin.

     Links to executive orders, legislation and letters signed by Gov. Pillen to protect the state against foreign adversaries can be found below.

    https://governor.nebraska.gov/press/gov-pillen-joins-letter-calling-halt-foreign-land-grabs

    https://governor.nebraska.gov/press/governor-pillen-senators-push-back-against-foreign-adversaries

    https://governor.nebraska.gov/press/gov-pillen-senators-and-dept-ag-present-laws-protect-nebraska-foreign-adversaries-during-news

    https://governor.nebraska.gov/gov-pillen-signs-executive-order-banning-more-ccp-tech

    MIL OSI USA News

  • MIL-OSI China: China’s new consumption patterns drive domestic demand upgrade

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

    Pet owners are splurging on smart litter boxes, blind boxes are flying off shelves overseas after going viral in China, and new tea drinks are becoming the go-to choice for young people.

    With continuously optimized retail efficiency and the rising spending power of young consumers, China’s consumption sector has witnessed a notable shift toward new channels and product categories.

    At the 2025 Haihe International Consumption Forum in north China’s Tianjin Municipality on Tuesday, heated discussions on such topics as ways to ignite new engines for domestic demand came under the spotlight.

    Participants noted that new consumption — characterized by behaviors and methods driven by new technologies — has become an important force in meeting people’s needs. This has unleashed consumption potential and boosted economic development, thereby activating new growth drivers for China’s economy.

    Artificial intelligence is reshaping the consumption landscape on both supply and demand sides. Thierry Delmarcelle, chief strategy and innovation officer of Deloitte Asia Pacific, said at the event that AI can boost consumption and accelerate China’s transition toward becoming a consumption-driven economy.

    For example, the penetration rate of Navigate on Autopilot (NOA) — an important AI application scenario — in passenger vehicles is expected to reach 20 percent by the end of this year.

    In March, China unveiled an action plan to boost consumption, prioritizing it as a key economic task for 2025. The plan proposed an “AI Plus” initiative to promote the integration of AI and spending.

    The automotive industry is undergoing a sweeping intelligent transformation. Changan Automobile has announced it will halt its development of non-intelligent new products. BYD has equipped more than 20 new energy vehicle models with intelligent driving systems. And Li Auto’s intelligent driving systems logged a total mileage of about 3 billion kilometers in 2024.

    This consumption upgrade wave driven by new spending patterns is not only evident in high-value, durable goods like automobiles, but also in subtle changes in everyday consumption scenarios.

    Roger Hu, managing director and partner of Boston Consulting Group, noted during the forum that China’s shopping habits are breaking into clear layers, with consumption scenarios for similar products becoming increasingly diversified.

    “For example, a consumer drinks eight cups of water a day. Among these, there is water for staying alert, water for relaxing, and water for socializing to bridge distances,” Hu said, adding that given China’s massive consumer base, meeting the demand for “each cup of water” represents an opportunity in market segmentation for consumption.

    Wang Pu, co-founder of drink brand Chi Forest, said that significant consumer attention to Chinese brands and growing demand for healthy consumption have motivated companies to upgrade their technologies and products.

    Chi Forest launched a new product in 2023 that uses traditional Chinese medicine ingredients to meet consumer demand for both taste and health benefits. “Sales of this product exceeded 100 million yuan (about 14 million U.S. dollars) within four months of its launch, making it one of our fastest-growing new products,” Wang said.

    New consumption patterns such as those related to the green economy, the culture and tourism economy, and the debut economy have gradually become new engines driving spending, with supportive policies accelerating across regions.

    Wang Yagang, deputy director general of the Tianjin municipal bureau of commerce, said that Tianjin is accelerating its cultivation of landmark debut economy clusters. Since last year, the city has hosted over 400 related events, and it will soon introduce policies to support the debut economy.

    Zhu Keli, founding dean of the China Institute of New Economy, noted that from the consumption perspective, the debut economy effectively transforms consumer curiosity into purchasing power.

    “As new business forms and models like the debut economy continue to grow, the role of new economic drivers will become increasingly prominent, serving as indispensable sources of momentum to promote the high-quality development of China’s economy,” Zhu said. 

    MIL OSI China News

  • MIL-OSI China: Dortmund advance with a 1-0 win over Ulsan

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

    Borussia Dortmund secured a place in the last-16 of the FIFA Club World Cup on Wednesday night with a 1-0 win over South Korean side Ulsan HD, a victory which was more comfortable than the final score suggests.

    Daniel Svenssen put the German side ahead in the 36th minute of a first half which was completely dominated by the German side in front of the virtually deserted stands of the TQL Stadium in Cincinnati.

    Borussia had 20 shots in the first half, with eight of those on target, but they were frustrated time after time by Ulsan’s South Korean international goalkeeper Jo Hyeon-Woo.

    The opening goal finally arrived after a mistake in playing the ball out from defense which allowed the impressive Jobe Bellingham to win possession and set up Svenssen to finally score with a left-foot shot.

    It should have been 2-0 soon afterwards but Jo made a stunning save to deny Serhou Guirassy’s header.

    Ulsan looked to press higher up the field in the second half and Borussia goalkeeper Gregor Kobel was called into action for the first time in the game, although he wasn’t forced to make a difficult save.

    Yan Couto had a great chance to double Borussia’s lead in the 82nd minute, but once again Jo produced a flying save to deny his bouncing left-foot shot.

    Carney Chukwuemeka also went close to a second for Borussia in the closing minutes but while his effort was blocked his team never faced serious pressure in the final moment. 

    MIL OSI China News

  • MIL-OSI USA: Senate Unanimously Passes Sullivan Resolution Commemorating 75th Anniversary of the Korean War

    US Senate News:

    Source: United States Senator for Alaska Dan Sullivan

    06.25.25

    WASHINGTON—U.S. Senator Dan Sullivan (R-Alaska), a member of the Senate Veterans Affairs Committee (SVAC) and co-chair of the U.S. Senate Korea Caucus, today celebrated the unanimous passage of his Senate resolution commemorating the 75th anniversary of the outbreak of the Korean War and recognizing important lessons from the war, particularly the imperative of maintaining military readiness in defense of the United States and its allies.

    [embedded content]

    “On the 75th anniversary of the Korean War—the ‘Noble War,’ we should all remember the brave Americans who fought, died and sacrificed to keep another country free, the Republic of Korea, one of our strongest allies today,” said Sen. Sullivan. “Commemorating the Korean War is also important for recognizing the lessons we learned that are still relevant today. In 1945, America was the greatest, most lethal military in the history of the world. We had just won World War II. We conquered the Nazis. We conquered Imperial Japan. We were the biggest, most fearsome military in history. Five years later, at the outbreak of the Korean War, because of weak civilian and military leadership, we were not ready. Unfortunately, thousands of young Americans in the summer of 1950 were killed in action, because they weren’t ready to fight. We can never let this happen again.”

    Below is the full text of Senator Sullivan’s resolution.

    Commemorating the 75th anniversary of the outbreak of the Korean War and reaffirming the critical importance of maintaining military readiness in defense of the United States and its allies.

    Whereas June 25, 2025, marks the 75th anniversary of the outbreak of the brutal three-year conflict known as the Korean War, which began when the armed forces of North Korea launched a full-scale invasion of the Republic of Korea;

    Whereas the United States, under resolutions of the United Nations Security Council, responded to that unprovoked aggression and mobilized more than 1,700,000 United States soldiers, sailors, airmen, and marines, and led a unified United Nations Command to fight in defense of freedom and security on the Korean Peninsula;

    Whereas more than 103,000 Americans were wounded, and 36,574 Americans made the ultimate sacrifice, giving their lives defending the security of the Republic of Korea, while more than 7,500 remain unaccounted for;

    Whereas the Korean War has long been referred to as the ‘‘Forgotten War,’’ which fails to recognize the significance of this noble chapter in American history, as well as the sacrifice and valor of American service members;

    Whereas the defense of the Republic of Korea by United States and allied forces allowed for the development of the modern Republic of Korea into a robust market economy, a vibrant democracy, a strong ally of the United States, and a bedrock contributor to regional stability and the global community;

    Whereas the Republic of Korea endured immense hardship during the war, suffering 137,899 soldiers killed, 450,742 injured, and more than 30,000 missing or captured, in addition to almost 1,000,000 civilian casualties, yet demonstrated extraordinary resilience and resolve in the face of destruction and invasion;

    Whereas the United States-Republic of Korea alliance, formed with the signing of the Mutual Defense Treaty between the United States and the Republic of Korea on October 1, 1953, is a mutual commitment to the other’s defense, in accordance with constitutional processes, in the event of an armed attack in the Pacific area on either of the parties;

    Whereas the hard-learned lessons of the Korean War underscore the ongoing need for strategic, operational, and tactical readiness across all branches of the military in an increasingly dangerous global environment; and

    Whereas the words engraved on the Korean War Veterans Memorial—‘‘Freedom is not free’’—remain a solemn reminder of the cost of liberty and the importance of military preparedness: Now, therefore, be it

    Resolved, That the Senate—

    (1) commemorates the 75th anniversary of the outbreak of the Korean War and honors the bravery, sacrifice, and service of the United States Armed Forces and allies who fought to defend the people of the Republic of Korea from being conquered by thecommunists of North Korea, the People’s Republic of China, and the Soviet Union;

    (2) recognizes the Republic of Korea as a vital treaty ally and linchpin of peace, security, trade, and democratic values for Northeast Asia and the Indo-Pacific region;

    (3) acknowledges the enduring legacy of the Korean War in shaping United States defense policy and alliances in the Indo-Pacific region;

    (4) reaffirms the commitment of the United States to maintaining a strong, modern, and fully prepared military force capable of deterring aggression and defending national security interests;

    (5) urges continued investment in training, equipment, and support for members of the United States Armed Forces to ensure military readiness across all domains, including land, sea, air, space, and cyber; and

    (6) calls upon all people of the United States to remember the Korean War not as the ‘‘Forgotten War,’’ but as the ‘‘Noble War,’’ an endeavor that preserved freedom for millions and exemplified the courage, sacrifice, and resilience of the United States Armed Forces.

    MIL OSI USA News

  • MIL-OSI China: 2025 Future Close-Up global youth exchange program gets underway

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

    Young delegates from 14 countries and regions, including China, Russia, Saudi Arabia, Germany, Australia and Brazil, pose for a group photo with organizers of the 2025 Future Close-Up at the youth exchange program’s launch ceremony on June 24. 

    On June 24, the 2025 Future Close-Up global youth exchange and visit program kicked off at the headquarters of Chinese Internet giant Tencent in Shenzhen, Guangdong Province. Themed Guangdong, Hong Kong and Macao: Driving High-Quality Development in the Greater Bay Area (GBA), this year’s event brings together young delegates from 14 countries and regions including China, Russia, Saudi Arabia, Germany, Australia and Brazil to explore innovation across the region and China’s approach to regional cooperation, and gain a deeper understanding of the forces driving the country’s high-quality development.

    Future Close-Up was collaboratively launched in 2023 by China International Communications Group (CICG) Center for the Americas (CICG Center for Americas) and Tencent’s Marketing and Public Relations Department.

    From June 23 to 30, the participants will travel to Shenzhen, Dongguan, Hengqin and Guangzhou in Guangdong, as well as Hong Kong Special Administrative Region, for exchange activities.

    Members of this year’s Future Close-Up are influential figures in their fields, including entrepreneurs, scientists, scholars and opinion leaders. This edition of the program will feature a forum on urban innovation and cultural exchange in the GBA, offering international youth a platform to deepen their understanding of the region’s innovation ecosystem and facilitating mutual learning between urban cultures.

    At the launch ceremony, Zhang Jun, General Manager of Tencent’s Marketing and Public Relations Department, said he believes the event can connect people from different regions and cultural backgrounds. “With this vision in mind, we launched the Future Close-Up program, which has brought together over 100 young people from 35 countries and regions over the past three years,” Zhang added.

    “Future Close-Up has always been about opening a window for young people around the world to a more meaningful understanding of China. At the same time, their participation helps us broaden our appreciation for the diversity of global cultures,” said Tao Xing, the Future Close-Up program representative from the CICG Center for Americas, at the ceremony.

    “This year, we have invited international youth to visit the vibrant GBA. We hope you will embrace the journey with open minds, observe with curiosity, reflect on what you encounter and gain a uniquely personal experience of China,” he continued.

    The young delegates also shared their excitement and expectations for their upcoming journey.

    Torry Ko, Senior Strategy Manager for the Asia-Pacific region at Australian tech company MOLOCO, said he was especially interested in learning how leading firms like Tencent are tapping into the strengths of the GBA to fuel their rapid growth. “China’s tech industry is at the forefront globally,” he said.

    “I first came to Shenzhen 16 years ago, when I was studying in China. It’s incredible to see how much the city has changed. I am looking forward to learning more about the innovation driving China’s ongoing reform and development,” Ko added.

    Iuliia Bautdinova, a finance and communications analyst at multinational aerospace corporation Airbus from Russia, said she was drawn to Future Close-Up after hearing strong recommendations from previous participants. “My expectation is to get to know how people live here and what they do when they work with the future,” Bautdinova said. She is eager to take a closer look at the GBA’s renowned electronics and information industry and its ongoing development.

    Hugo Fontanel from France is interested in China’s digital transformation. The omnichannel lead at British multinational pharmaceutical company ViiV Healthcare expects “to learn more about the economic development of China, especially in the tech industry.” He also looks forward to meeting more international youth who share a passion for cross-cultural exchange and adventure.

    After the launch ceremony, the delegates visited Tencent’s digital exhibition hall, where they delved into the company’s innovations in AI, cloud computing and smart city technologies through immersive experiences. They also toured Mindray Bio-Medical Electronics Co. Ltd. to explore its research and development achievements in the medical device field.

    MIL OSI China News

  • MIL-OSI Security: U.S., Indonesian navies commence Exercise Cooperation Afloat Readiness and Training Indonesia 2025

    Source: United States INDO PACIFIC COMMAND

    SURABAYA, INDONESIA — The United States Navy, the Indonesian Navy (Tentara Nasional Indonesia – Angkatan Laut, or TNI-AL) and the Indonesian Marine Corps commenced Exercise Cooperation Afloat Readiness and Training (CARAT) Indonesia 2025 on June 23, at TNI-AL 2nd Fleet Command in Surabaya.

    MIL Security OSI

  • MIL-OSI USA: FACT SHEET: Trump’s Rescission Package Would Devastate Local Public Radio, TV Stations Across America

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    Rescissions package that Senate Republicans are debating—and House Republicans passed—would rescind every dollar of federal support for 1500+ local public radio and TV stations nationwide 

    Sweeping cuts would hit rural stations hardest, force layoffs nationwide, and even jeopardize lifesaving emergency alerts people count on 

    Washington, D.C. – Ahead of a hearing on President Trump’s $9.4 billion rescissions request with Office of Management and Budget (OMB) Director Russ Vought, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, released a new fact sheet detailing how the request to zero out $1.1 billion in funding Congress has already appropriated on a bipartisan basis for the Corporation for Public Broadcasting (CPB) would hurt communities nationwide who count on the programming offered by the over 1500+ public radio and TV stations the funding supports.

    1500+ STATIONS ACROSS AMERICA SET TO LOSE CRITICAL SUPPORT IF PACKAGE PASSES 

     [Full map and CPB data available here] 

    The rescissions package requested by President Trump that the House of Representatives passed in full earlier this month would rescind two years of advance funding Congress has provided for CPB to support public media in fiscal years 2026 and 2027—ripping away support that over 1500 public radio and TV stations all over the country rely on to keep broadcasts on air and deliver impartial news and critical updates that people count on every day.  

    For 50+ years, Congress has provided advance appropriations for CPB to help insulate stations’ programming decisions from politics—and to provide them with the certainty they need to keep the lights on. 

    ALL 50 STATES TO LOSE OUT SIGNIFICANTLY 

    Every state in the country is set to lose critical funding for local public radio and TV stations if the CPB funding is rescinded.  

    FUNDING ON THE CHOPPING BLOCK 

    State  Funding 
    Alabama  $5,408,997  
    Alaska  $12,023,34  
    Arizona  $7,424,661  
    Arkansas  $3,187,528  
    California  $57,105,735 
    Colorado  $7,655,017  
    Connecticut  $3,017,018  
    Delaware  $133,048  
    District of Columbia  $18,275,757 
    Florida  $24,944,99  
    Georgia  $6,558,857  
    Hawaii  $4,292,969  
    Idaho  $3,341,916  
    Illinois  $12,818,816 
    Indiana  $9,388,508  
    Iowa  $4,723,772  
    Kansas  $3,989,434  
    Kentucky  $6,627,021  
    Louisiana  $6,530,752  
    Maine  $2,895,498  
    Maryland  $6,357,641  
    Massachusetts  $22,549,33  
    Michigan  $11,818,761  
    Minnesota  $17,228,752 
    Mississippi  $2,824,520  
    Missouri  $8,677,805  
    Montana  $2,837,807  
    Nebraska  $6,297,290  
    Nevada  $3,881,471  
    New Hampshire  $1,795,240  
    New Jersey  $2,282,024  
    New Mexico  $5,841,697  
    New York  $42,556,210  
    North Carolina  $8,236,216  
    North Dakota  $2,564,579  
    Ohio  $13,341,101  
    Oklahoma  $3,485,600  
    Oregon  $7,468,534  
    Pennsylvania  $14,492,945  
    Rhode Island  $1,082,244  
    South Carolina  $3,488,714  
    South Dakota  $3,038,524  
    Tennessee  $7,365,199  
    Texas  $17,719,507  
    Utah  $7,103,835  
    Vermont  $2,043,510  
    Virginia  $99,465,449  
    Washington  $10,106,644  
    West Virginia  $1,790,242  
    Wisconsin  $8,498,812  
    Wyoming  $1,870,865 

    The totals above detail the funding each state received in fiscal year 2024—the latest full year of data available. [CPB DATA] 

    LIFESAVING EMERGENCY ALERTS IN SERIOUS JEOPARDY 

    When disasters and other threats strike, public radio and TV stations nationwide not only provide critical updates to those affected who may be cut off from other communications channels, they also play an instrumental role in delivering emergency alerts. 

    Since 2013, public TV stations have helped the Wireless Emergency Alert (WEA) system deliver emergency alerts to people’s cell phones via the stations’ own transmitters when cell companies’ connections fail. In 2024, over 11,000 alerts were issued by federal, state, and local authorities via the PBS WARN system. 

    Similarly, the Public Radio Satellite System (PRSS), which is managed by NPR, helps send presidential emergency alerts to local public radio stations nationwide—allowing critical communications to reach people, even when the internet or cellular connections fail.  

    Here are just a few recent examples of how CPB-funded stations and systems have helped disaster survivors: 

    • When wildfires ravaged southern California earlier this year, public media stations provided real-time updates and information to over 18 million people—and issued 100+ geo-targeted Wireless Emergency Alerts, like fire weather warnings, evacuation warnings and orders, and curfew notices. 
    • When Hurricane Helene struck North Carolina, one local public radio station provided essential real-time updates and news as internet and cell services were down. 
    • When severe floods swept across central and eastern Kentucky this year—causing people to lose power and internet connections—local public radio let people know the latest weather reports, evacuation orders, where to take shelter, and how to apply for aid. 

    Zeroing out all CPB funding will seriously jeopardize stations’ ability to continue serving critical, lifesaving alerts and cut resources specifically provided to maintain and strengthen these emergency alert systems. 

    RURAL COMMUNITIES HIT HARDEST 

    Nearly half of all CPB grantees serve rural communities—and these rural stations are disproportionately reliant on CPB funding to keep their broadcast on air. Federal funding supports an average of 17% of rural stations’ revenue versus 9% for non-rural stations.  

    In total, 120 rural stations rely on federal funding for at least 25% of their revenue—and over 30 stations count on it for at least half. Some stations in the most remote parts of the country depend on federal support for even more of their revenue and could be forced to immediately shut down operations if CPB is defunded. 

    If this support is ripped away, stations will be forced to cut back on programming, lay off staff, and even take their broadcasts off the air.  

    “Should the Senate go along with the House and claw back this funding,

    we’re going to see probably a third of our public radio stations go dark.” 

    Ed Ulman, CEO of Alaska Public Media 

    “We are in a rural area, so a lot of areas don’t have cellphone service.  

    A lot of people do rely on the radio to get much of their information.”  

    Station Manager at KGVA 88.1 in Montana 

    EDUCATIONAL TOOLS FOR KIDS DEFUNDED 

    Rescinding all CPB funding would rip away federal investments in all manner of educational programming for kids. CPB grants support local programming across the country to educate young Americans about civics, provide educational tools and programming, and much more. Rescinding the funding would also cut off all federal support for PBS LearningMedia, a free digital learning website accessed by more than 1.4 million users each month, which supports teachers and helps students learn and understand new and complex concepts. 

    AMERICANS OVERWHELMINGLY SUPPORT THIS FUNDING 

    A recent survey from the Pew Research Center found that by a two-to-one margin, the American people overwhelmingly favor continuing federal funding for NPR and PBS, which receive support via CPB grants.  

    CUTTING THIS SUPPORT WILL DO NOTHING TO TACKLE OUR NATIONAL DEBT 

    Eliminating support for these stations will do next to nothing to address our annual deficit or growing national debt. The $1.1 billion Congress has already provided for two years of funding for public media represents less than 0.16% of all federal spending in fiscal year 2025 alone.  

    If President Trump and congressional Republicans want to tackle the deficit and our national debt, they can start by not passing their so-called “One Big Beautiful Bill,” which will add $4 trillion to the debt over the next 10 years. 

    MIL OSI USA News

  • MIL-OSI USA: Vought Refuses to Rule Out More Illegal End-Runs Around Congress & Refuses to Detail How Trump Will Execute Cuts If Rescissions Bill Passes—Murray Urges Congress to Reject Package in its Entirety

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    ***WATCH and READ: Senator Murray’s opening remarks***

    ***WATCH: Senator Murray questioning Director Vought***

    ***WATCH and READ: Senator Schatz’s testimony***

    ***FACT SHEET: Rescission Package Would Devastate Local Public Radio, TV Stations Across America***

    ***FACT-FICTION: Trump’s Rescission Package Would Gut Bipartisan Foreign Policy Investments***

    Washington, D.C. — Today, during a Senate Appropriations Committee hearing on President Trump’s $9.4 billion rescission request—U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, underscored in how Republicans passing the package would devastate local public radio and TV stations nationwide, gut investments Congress has made to support longstanding bipartisan foreign policy objectives, and undermine the bipartisan annual appropriations process.

    Senator Murray and her colleagues pressed Office of Management and Budget (OMB) Director Russell Vought on all manner of details on the request and this administration’s actions, and Senator Murray specifically pressed Vought on his plans for future rescissions requests, lack of details about the current rescission package, and his plans to illegally withhold even more funding.

    Senators Brian Schatz (D-HI), Ranking Member of the State, Foreign Operations, and Related Programs Subcommittee, and Eric Schmitt (R-MO) also provided testimony on President Trump’s $9.4 billion rescission request.

    [KEY TAKEAWAYS]

    Throughout the hearing, Director Vought faced bipartisan pushback over the sweeping cuts in the package, his refusal to provide detail about what exactly the administration will cut if the package passes, and his insistence on justifying the proposed cuts with a highly-selective list of previously funded projects despite the fact that this administration now has discretion over how funding is allocated—and President Trump himself signed a majority of the funding into law himself.

    Among much else, Director Vought:

    • Refused to rule out doing an end-run around Congress through his illegal notion of a “pocket rescission.”
    • Refused to rule out doing an end-run around Congress through an illegal scheme to request sweeping deferrals under the Impoundment Control Act, run out the clock, and then unilaterally impound funding.
    • Refused to commit to getting out the funding that the Government Accountability Office has determined he is illegally impounding.
    • Repeatedly lied about this administration’s and his own office’s actions—even going so far as to absurdly claim: “We have not impounded any funding.” This despite the fact that the Government Accountability Office has now twice ruled he has illegally impounded funds in its first investigation findings (not to mention courts across America)—and despite the fact that at the very same hearing, Vought insisted impoundment is an option on the table.
    • Refused to spell out exactly how the Trump administration will cut specific programs if the rescissions package passes.

    [MURRAY’S OPENING REMARKS]

    “After Congress failed to pass full-year bills in the FY25, it is so important we pass full-year spending bills that deliver the investments that our communities need. And this hearing today asks a very important question: will Congress stand up and protect its constitutional power of the purse—and will this Committee band together to finally say, ‘enough is enough,’ and show bipartisanship still matters? Or will we, for the first time ever, pass an entirely partisan rescissions package and jeopardize the bipartisan work? I hate to be blunt—but that question is at the heart of this first rescissions request, which would gut bipartisan investments in foreign assistance, reliable local news, and high-quality educational programming,” said Senator Murray in her opening remarks. “I have offered to the Chair and others in this room to do what this Committee has always done: consider bipartisan rescissions in our bills through the annual process, which is the right way to do it. …. If President Trump and Director Vought get their way—and Republicans pass this package—they will not only gut the heart of compromise that this Committee is built around, but zero out longstanding bipartisan investments.”

    [TRUMP’S PLANS FOR MORE RESCISSION PACKAGES]

    Senator Murray began her questioning by emphasizing that Congress passes funding bills after bipartisan negotiations, and partisan rescissions packages that cut up bipartisan spending deals undermine that bipartisan negotiation process: “When I cut a deal with Chair Collins, or Senator Graham, or any of my Republican colleagues, there may be parts of it I do not like or they do not like—but we know what we agreed to and passed into law is something we can count on. And that is absolutely essential to getting the 60 votes to make this Appropriations process work. But what we are here today talking about is one party rescinding funding provided with 60 votes with just a simple majority. And if that becomes the new normal for how this body operates, that is going to make Appropriations bills extremely hard to negotiate. So, as we consider this package, this committee deserves to understand the whole picture of this administration’s plans before making a decision on this request.”

    Senator Murray asked, “So, if this package passes, do you intend to send more rescission requests to Congress?”

    Director Vought declined to rule the possibility out, stating, “Senator, that’s up to the President. It’s certainly an option that I’ve stated publicly that we will strongly consider but that’s up to the President. And you know, we will take that on a week-by-week basis. But there is more honestly than $9.4 billion that we have identified. There’s $163 billion in fiscal year 26 that we have identified for less spending than prior budgets.”

    “So, these were bills that this Committee approved on a bipartisan basis, how many packages are you talking about? And what they are?” pressed Senator Murray.

    “Again, we have—no decisions on those have been made. But we do want to see how successful this effort is,” said Director Vought, in part.

    Senator Murray said: “Correct, and I will just remind all of us that the Appropriations Committee worked on those in a bipartisan way. They were not partisan packages that were sent up. So, what I’m hearing you answer me is that there will be more. You don’t know how many more but there will be more so this Committee and this Congress could spend a lot of time going forward on requests for cuts if this package passes.”

    [VOUGHT REFUSES TO RULE OUT “POCKET RESCISSIONS,” MASS DEFERRALS]

    Senator Murray continued by pressing Director Vought on his plans to continue illegally impounding funds already appropriated by Congress, “Director Vought, when asked about this request, you have said that no matter how Congress acts on this request, impoundment is still ‘on the table.’ And, in an acknowledgement of how unpopular your cuts to bipartisan priorities are, you even publicly said you may well try to do an end-run around Congress by requesting rescissions in the last 45 days of the fiscal year, and then pretending that even if Congress fails to approve them, you can rescind those funds anyway. So, let me tell you: that is not how the law works. The President does not have a line-item-veto—much less a retroactive line-item veto. Your notion of this ‘pocket rescission’ defies common sense—and by the way the plain text of the law.”

    Senator Murray asked, “Director Vought, will you commit to this Committee that you will not attempt to do an end-run around Congress with this so-called ‘pocket rescission’—something members on both sides of this dais have made clear is outright illegal?”

    Director Vought refused to commit to not attempt the tactic, instead defending its potential use: “Senator, there’s a lot of mischaracterizations into my previous comments. I would just say that we believe that we have, under the law, numerous options with regards to how to achieve savings including rescissions that are timed at the end of the fiscal year. General Accounting Office has articulated that earlier in the life of the Impoundment Control Act.”

    “This should be a yes or no, and what I hear from you is all kinds of word salad to make sure you are letting us know that you intend to do things that are outside the intent of the law,” pushed back Senator Murray.

    “And it has also been reported that you are considering sending Congress a massive ‘deferral’ package under the ICA in an attempt to run out the clock and avoid legal scrutiny of this administration’s illegal freeze before ultimately impounding the funds at the end of the fiscal year,” Senator Murray said. “Can you commit to this Committee that there be no deferral package?”

    “We certainly are aware of the deferral provisions in the Impoundment Control Act. There are specific statutory requirements there. That if we are in a situation where funds may meet those definitions. They are certainly on the table but again we have made no decisions. The President has not made any decisions with regard to those different tools that exist. And so I’m here to talk about one package and there’s been one decision on one package, $9.4 billion,” responded Director Vought.

    “Director Vought, I just want to be clear to all of us about what’s going on here: you are actually telling Congress, in total disregard for Congress’s Article 1 powers, you and the president will just impound or rescind funds that you don’t agree with on your own,” said Senator Murray. “And Congress, I will say to all of my committee, should not stand that from this President or any President in the future. And I think that’s really important as we consider this. ”

    [REFUSAL TO PROVIDE DETAILS ON HOW ADMIN WILL MAKE CUTS]

    Senator Murray ended her questioning by addressing the complete lack of information that the Trump administration has provided about how it will seek to make the sweeping cuts it proposes: “Director Vought, to justify the $8.3 billion you propose in foreign assistance, you’ve argued that these funds were used by the Biden Administration for ‘woke’ programs or things not aligned to Trump priorities. That’s not how this works. Whatever the Biden Administration may or may not have done, most of what you are proposing, as has been talked about here, to rescind is Congress provided this Administration in the FY25 CR—the same CR that President Trump signed into law in March. And while Congress has provided instructions for target countries, and sectors, and purposes, this administration has flexibility to determine how best to meet those bipartisan objectives. So, you are waving around a tiny, cherry-picked list of past initiatives funded by those accounts. It’s irrelevant when the simple fact is you and this administration now determine how those funds are being provided by Congress and are specifically put to use. And yet, conveniently, you have not spelled out for this Committee and the public what you plan to cut if this package passes, even if you ask us to vote on it.”

    “So, will you tell us specifically, and I’m going to ask you two questions, tell us specifically which global health programs—malaria, TB, polio, funding for GAVI—are you going to cut?” inquired Senator Murray.

    Director Vought replied, “We have two main reductions in global health.”

    Senator Murray pressed, “Can you tell us specifically on any of those today?”

    “We have $500 million for family planning and $400 million to PEPFAR,” said Director Vought, again not noting specific programs or initiatives he plans to cut.

    Senator Murray continued, “But you’re not going to tell us what programs—ok. Will you tell us specifically where—the Philippines, Pacific Islands, Jordan—you’re planning to undermine American interests?”

    Director Vought replied: “Of course not. We have been very clear in all the administration’s priorities that all of our commitments in regard to Jordan and Egypt are maintained,” Director Vought said in part.

    “I assume you are unwilling to share which humanitarian crises this administration plans to walk away with, which is what we would be voting on—and that is critical information,” said Senator Murray.

    [MURRAY’S CLOSING STATEMENT]

    In closing, Senator Murray said:

    “Thank you very much Chair Collins for holding this hearing. This really is an important discussion with really enormous stakes for our communities, with local news that they rely on, whether they’ll go dark. For the world, will America keep its commitments and continue leading on the global stage? And for this Committee, will we keep focused on bipartisan funding bills or will we give that up to spend our time on a wave of partisan rescissions?

    “I’ve made really clear where I stand. I want us to keep working together to write bipartisan bills that allow us to be a strong voice for our constituents. That’s going to prove very difficult, and maybe even impossible, if this body goes down the path Trump is now calling for, a path that would let partisan rescissions rip up our bipartisan agreements.

    “I hope my colleagues will join me in rejecting this destructive request outright, and ensuring decisions about what we fund, and even potential rescissions, are made by us through the annual appropriations process.”

    MIL OSI USA News

  • MIL-OSI USA: Vought Refuses to Rule Out More Illegal End-Runs Around Congress & Refuses to Detail How Trump Will Execute Cuts If Rescissions Bill Passes—Murray Urges Congress to Reject Package in its Entirety

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    ***WATCH and READ: Senator Murray’s opening remarks***

    ***WATCH: Senator Murray questioning Director Vought***

    ***WATCH and READ: Senator Schatz’s testimony***

    ***FACT SHEET: Rescission Package Would Devastate Local Public Radio, TV Stations Across America***

    ***FACT-FICTION: Trump’s Rescission Package Would Gut Bipartisan Foreign Policy Investments***

    Washington, D.C. — Today, during a Senate Appropriations Committee hearing on President Trump’s $9.4 billion rescission request—U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, underscored in how Republicans passing the package would devastate local public radio and TV stations nationwide, gut investments Congress has made to support longstanding bipartisan foreign policy objectives, and undermine the bipartisan annual appropriations process.

    Senator Murray and her colleagues pressed Office of Management and Budget (OMB) Director Russell Vought on all manner of details on the request and this administration’s actions, and Senator Murray specifically pressed Vought on his plans for future rescissions requests, lack of details about the current rescission package, and his plans to illegally withhold even more funding.

    Senators Brian Schatz (D-HI), Ranking Member of the State, Foreign Operations, and Related Programs Subcommittee, and Eric Schmitt (R-MO) also provided testimony on President Trump’s $9.4 billion rescission request.

    [KEY TAKEAWAYS]

    Throughout the hearing, Director Vought faced bipartisan pushback over the sweeping cuts in the package, his refusal to provide detail about what exactly the administration will cut if the package passes, and his insistence on justifying the proposed cuts with a highly-selective list of previously funded projects despite the fact that this administration now has discretion over how funding is allocated—and President Trump himself signed a majority of the funding into law himself.

    Among much else, Director Vought:

    • Refused to rule out doing an end-run around Congress through his illegal notion of a “pocket rescission.”
    • Refused to rule out doing an end-run around Congress through an illegal scheme to request sweeping deferrals under the Impoundment Control Act, run out the clock, and then unilaterally impound funding.
    • Refused to commit to getting out the funding that the Government Accountability Office has determined he is illegally impounding.
    • Repeatedly lied about this administration’s and his own office’s actions—even going so far as to absurdly claim: “We have not impounded any funding.” This despite the fact that the Government Accountability Office has now twice ruled he has illegally impounded funds in its first investigation findings (not to mention courts across America)—and despite the fact that at the very same hearing, Vought insisted impoundment is an option on the table.
    • Refused to spell out exactly how the Trump administration will cut specific programs if the rescissions package passes.

    [MURRAY’S OPENING REMARKS]

    “After Congress failed to pass full-year bills in the FY25, it is so important we pass full-year spending bills that deliver the investments that our communities need. And this hearing today asks a very important question: will Congress stand up and protect its constitutional power of the purse—and will this Committee band together to finally say, ‘enough is enough,’ and show bipartisanship still matters? Or will we, for the first time ever, pass an entirely partisan rescissions package and jeopardize the bipartisan work? I hate to be blunt—but that question is at the heart of this first rescissions request, which would gut bipartisan investments in foreign assistance, reliable local news, and high-quality educational programming,” said Senator Murray in her opening remarks. “I have offered to the Chair and others in this room to do what this Committee has always done: consider bipartisan rescissions in our bills through the annual process, which is the right way to do it. …. If President Trump and Director Vought get their way—and Republicans pass this package—they will not only gut the heart of compromise that this Committee is built around, but zero out longstanding bipartisan investments.”

    [TRUMP’S PLANS FOR MORE RESCISSION PACKAGES]

    Senator Murray began her questioning by emphasizing that Congress passes funding bills after bipartisan negotiations, and partisan rescissions packages that cut up bipartisan spending deals undermine that bipartisan negotiation process: “When I cut a deal with Chair Collins, or Senator Graham, or any of my Republican colleagues, there may be parts of it I do not like or they do not like—but we know what we agreed to and passed into law is something we can count on. And that is absolutely essential to getting the 60 votes to make this Appropriations process work. But what we are here today talking about is one party rescinding funding provided with 60 votes with just a simple majority. And if that becomes the new normal for how this body operates, that is going to make Appropriations bills extremely hard to negotiate. So, as we consider this package, this committee deserves to understand the whole picture of this administration’s plans before making a decision on this request.”

    Senator Murray asked, “So, if this package passes, do you intend to send more rescission requests to Congress?”

    Director Vought declined to rule the possibility out, stating, “Senator, that’s up to the President. It’s certainly an option that I’ve stated publicly that we will strongly consider but that’s up to the President. And you know, we will take that on a week-by-week basis. But there is more honestly than $9.4 billion that we have identified. There’s $163 billion in fiscal year 26 that we have identified for less spending than prior budgets.”

    “So, these were bills that this Committee approved on a bipartisan basis, how many packages are you talking about? And what they are?” pressed Senator Murray.

    “Again, we have—no decisions on those have been made. But we do want to see how successful this effort is,” said Director Vought, in part.

    Senator Murray said: “Correct, and I will just remind all of us that the Appropriations Committee worked on those in a bipartisan way. They were not partisan packages that were sent up. So, what I’m hearing you answer me is that there will be more. You don’t know how many more but there will be more so this Committee and this Congress could spend a lot of time going forward on requests for cuts if this package passes.”

    [VOUGHT REFUSES TO RULE OUT “POCKET RESCISSIONS,” MASS DEFERRALS]

    Senator Murray continued by pressing Director Vought on his plans to continue illegally impounding funds already appropriated by Congress, “Director Vought, when asked about this request, you have said that no matter how Congress acts on this request, impoundment is still ‘on the table.’ And, in an acknowledgement of how unpopular your cuts to bipartisan priorities are, you even publicly said you may well try to do an end-run around Congress by requesting rescissions in the last 45 days of the fiscal year, and then pretending that even if Congress fails to approve them, you can rescind those funds anyway. So, let me tell you: that is not how the law works. The President does not have a line-item-veto—much less a retroactive line-item veto. Your notion of this ‘pocket rescission’ defies common sense—and by the way the plain text of the law.”

    Senator Murray asked, “Director Vought, will you commit to this Committee that you will not attempt to do an end-run around Congress with this so-called ‘pocket rescission’—something members on both sides of this dais have made clear is outright illegal?”

    Director Vought refused to commit to not attempt the tactic, instead defending its potential use: “Senator, there’s a lot of mischaracterizations into my previous comments. I would just say that we believe that we have, under the law, numerous options with regards to how to achieve savings including rescissions that are timed at the end of the fiscal year. General Accounting Office has articulated that earlier in the life of the Impoundment Control Act.”

    “This should be a yes or no, and what I hear from you is all kinds of word salad to make sure you are letting us know that you intend to do things that are outside the intent of the law,” pushed back Senator Murray.

    “And it has also been reported that you are considering sending Congress a massive ‘deferral’ package under the ICA in an attempt to run out the clock and avoid legal scrutiny of this administration’s illegal freeze before ultimately impounding the funds at the end of the fiscal year,” Senator Murray said. “Can you commit to this Committee that there be no deferral package?”

    “We certainly are aware of the deferral provisions in the Impoundment Control Act. There are specific statutory requirements there. That if we are in a situation where funds may meet those definitions. They are certainly on the table but again we have made no decisions. The President has not made any decisions with regard to those different tools that exist. And so I’m here to talk about one package and there’s been one decision on one package, $9.4 billion,” responded Director Vought.

    “Director Vought, I just want to be clear to all of us about what’s going on here: you are actually telling Congress, in total disregard for Congress’s Article 1 powers, you and the president will just impound or rescind funds that you don’t agree with on your own,” said Senator Murray. “And Congress, I will say to all of my committee, should not stand that from this President or any President in the future. And I think that’s really important as we consider this. ”

    [REFUSAL TO PROVIDE DETAILS ON HOW ADMIN WILL MAKE CUTS]

    Senator Murray ended her questioning by addressing the complete lack of information that the Trump administration has provided about how it will seek to make the sweeping cuts it proposes: “Director Vought, to justify the $8.3 billion you propose in foreign assistance, you’ve argued that these funds were used by the Biden Administration for ‘woke’ programs or things not aligned to Trump priorities. That’s not how this works. Whatever the Biden Administration may or may not have done, most of what you are proposing, as has been talked about here, to rescind is Congress provided this Administration in the FY25 CR—the same CR that President Trump signed into law in March. And while Congress has provided instructions for target countries, and sectors, and purposes, this administration has flexibility to determine how best to meet those bipartisan objectives. So, you are waving around a tiny, cherry-picked list of past initiatives funded by those accounts. It’s irrelevant when the simple fact is you and this administration now determine how those funds are being provided by Congress and are specifically put to use. And yet, conveniently, you have not spelled out for this Committee and the public what you plan to cut if this package passes, even if you ask us to vote on it.”

    “So, will you tell us specifically, and I’m going to ask you two questions, tell us specifically which global health programs—malaria, TB, polio, funding for GAVI—are you going to cut?” inquired Senator Murray.

    Director Vought replied, “We have two main reductions in global health.”

    Senator Murray pressed, “Can you tell us specifically on any of those today?”

    “We have $500 million for family planning and $400 million to PEPFAR,” said Director Vought, again not noting specific programs or initiatives he plans to cut.

    Senator Murray continued, “But you’re not going to tell us what programs—ok. Will you tell us specifically where—the Philippines, Pacific Islands, Jordan—you’re planning to undermine American interests?”

    Director Vought replied: “Of course not. We have been very clear in all the administration’s priorities that all of our commitments in regard to Jordan and Egypt are maintained,” Director Vought said in part.

    “I assume you are unwilling to share which humanitarian crises this administration plans to walk away with, which is what we would be voting on—and that is critical information,” said Senator Murray.

    [MURRAY’S CLOSING STATEMENT]

    In closing, Senator Murray said:

    “Thank you very much Chair Collins for holding this hearing. This really is an important discussion with really enormous stakes for our communities, with local news that they rely on, whether they’ll go dark. For the world, will America keep its commitments and continue leading on the global stage? And for this Committee, will we keep focused on bipartisan funding bills or will we give that up to spend our time on a wave of partisan rescissions?

    “I’ve made really clear where I stand. I want us to keep working together to write bipartisan bills that allow us to be a strong voice for our constituents. That’s going to prove very difficult, and maybe even impossible, if this body goes down the path Trump is now calling for, a path that would let partisan rescissions rip up our bipartisan agreements.

    “I hope my colleagues will join me in rejecting this destructive request outright, and ensuring decisions about what we fund, and even potential rescissions, are made by us through the annual appropriations process.”

    MIL OSI USA News

  • MIL-OSI New Zealand: BLOOMBERG PHILANTHROPIES NAMES 50 GLOBAL FINALISTS IN 2025 MAYORS CHALLENGE Including Lower Hutt

    Source: Bloomberg Philanthropies

    Finalists from 33 countries will receive $50,000 and support to test breakthrough ideas for improving life in cities – In January 2026, 25 winning cities will receive $1 million each to bring their idea to life.

    New York, NY – (June 25, 2025) – Bloomberg Philanthropies today announced the 50 finalists of its latest Mayors Challenge, a competition to spur local government innovation that improves lives in cities around the world. The sixth Challenge elevates municipalities that have proposed the boldest ideas to bolster essential municipal services.

    From Boise to Belfast, Ansan to Addis Ababa, Toronto to Taipei, the 50 finalists, selected from more than 630 applications, hail from 33 countries and represent over 80 million residents. Their ideas aim to increase public transit ridership, lower household energy costs, expand urban green space, speed service response, strengthen sanitation, improve youth safety, safeguard water supply, and more.

    Each finalist city will receive $50,000 to prototype their idea. They will also participate in Bloomberg Philanthropies’ Ideas Camp in July to hone and test their concepts with feedback from experts and fellow peers. In January 2026, the 25 city halls with the most promising ideas will each be awarded $1 million and operational assistance to bring their proposals to life.

    “Local government is where people meet policy—and where government improves lives and builds trust,” said James Anderson, who leads the Government Innovation program at Bloomberg Philanthropies. “That’s why municipal innovation isn’t about grand gestures—it’s about solving hard problems under pressure, often with imperfect tools and finite resources. These Mayors Challenge finalists stand out because they’re not just thinking creatively—they’re designing solutions that reckon with the complexity of implementation and the urgency of their residents’ needs. Their proposals reflect a new standard for public sector achievement: ambitious, yes, but also grounded, disciplined, and ripe for real impact.”

    The 630 ideas submitted to the Mayors Challenge reflect some of the greatest public service challenges facing cities today—as well as the creativity that animates local governments across the globe. A third of U.S. and Canada applicants, for example, devised solutions addressing housing and shelter. Nearly half of the applicants from Africa proposed upgrades to waste collection and management. One out of five applicants from the Asia-Pacific region focused on cleaner water, air, and infrastructure, and 22 percent of European applicants sought ways to reduce poverty or enhance social inclusion.

    The 50 finalist ideas were selected for their originality, potential for impact, and credible vision for delivery. Artificial intelligence was featured in the plans of a number of finalists, including South Bend, Indiana, which envisioned a cutting-edge 311 system that anticipates complaints for non-emergency issues, such as potholes, allowing officials to address problems before a resident report. More analog innovations also rose to the top: In Yonkers, New York, city officials proposed a powerful new hyper-local civic brigade to help older neighbors age happily and healthfully in place.

    The 50 finalist cities are:

    • Abha, Saudi Arabia
    • Addis Ababa, Ethiopia
    • Ansan, South Korea
    • As-Salt, Jordan
    • Barcelona, Spain
    • Beaverton, U.S
    • Beira, Mozambique
    • Belfast, United Kingdom
    • Benin City, Nigeria
    • Boise, U.S.
    • Boston, U.S.
    • Budapest, Hungary
    • Cap-Haïtien, Haiti
    • Cape Town, South Africa
    • Cartagena, Colombia
    • Cauayan, Philippines
    • Choma, Zambia
    • Cuenca, Ecuador
    • Detroit, U.S.
    • Fez, Morocco
    • Fukuoka, Japan
    • Ghaziabad, India
    • Ghent, Belgium
    • Greater Visakhapatnam Municipal Corporation, India
    • Helsinki, Finland
    • Honolulu, U.S.
    • Kanifing, Gambia
    • Kyiv, Ukraine
    • Lafayette, U.S.
    • Lower Hutt, New Zealand
    • Maceió, Brazil
    • Marseille, France
    • Medellín, Colombia
    • Mexico City, Mexico
    • Naga, Philippines
    • Ndola, Zambia
    • Netanya, Israel
    • Nouakchott, Mauritania
    • Pasig, Philippines
    • Rio de Janeiro, Brazil
    • San Francisco, U.S.
    • Seattle, U.S.
    • Seoul, South Korea
    • Sialkot, Pakistan
    • South Bend, U.S.
    • Surabaya, Indonesia
    • Taipei, Taiwan
    • Toronto, Canada
    • Turku, Finland
    • Yonkers, U.S.

    In this round of the Bloomberg Philanthropies Mayors Challenge, more funding will be distributed and more cities will be assisted than in the previous five Challenges which each selected between five to 15 winners. 

    “Local government and mayors’ offices are the beating heart of innovation and change in our urban environments,” said Professor Lesley Lokko OBE, Founder and Chair of the African Futures Institute and 2025 Mayors Challenge advisory committee member. “It has been an honour to join Bloomberg Philanthropies’ advisory committee for the organization’s sixth Mayors Challenge, an initiative dedicated to empowering and supporting city makers around the world. I look forward to working with these 50 finalists as they advance in this extraordinary competition—strengthening their ideas which each represent the inventiveness citizens everywhere should expect from their governments—and the future of what municipal delivery has the power and potential to be.”

    “For more than a decade, Bloomberg Philanthropies has provided unprecedented support to drive local government innovation in cities across the country and around the world,” said Admiral Michael G. Mullen, President & CEO of MGM Consulting and 2025 Mayors Challenge advisory committee member. “The organization’s sixth Mayors Challenge will invest in the future of urban delivery from the ground floor of communities—and I am thrilled to join its advisory committee and work with these finalist cities on accelerating their ideas – from safeguarding water supply to carving out community spaces to integrating AI to improve student routes, and more.”

    The new Mayors Challenge builds on more than 10 years of work led by Bloomberg Philanthropies to discover, nurture, and drive innovation in cities. The awards to date across five previous rounds of competition have provided 38 winning cities with funding and technical assistance to realize their ideas for addressing civic issues. By supporting the replication of the most successful winning ideas, Bloomberg Philanthropies has expanded the impact of the Mayors Challenge to 337 other cities globally, reaching over 100 million residents around the world.

    “Bloomberg Philanthropies has provided invaluable support for cities to develop and implement innovative solutions that improve the lives of residents in ways they can feel,” said Mayor Mike Duggan of Detroit, Michigan. “Detroit is honored to be among the 50 municipalities selected from over 630 applications for the organization’s Mayors Challenge. As a finalist, we will work with renowned experts and peers to advance our proposal to create a powerful, single entry that connects currently scattered information – such as inspection dates, taxes, and utilities – on all 400,000 Detroit properties to revolutionize how owners can access this vital information, as well as how our city plans and provides its most essential services.”

    “Seoul is honored to be selected as one of the 50 finalists for the Bloomberg Philanthropies Mayors Challenge competition,” said Mayor Oh Se-hoon of Seoul, South Korea. “As a finalist, we will further our proposal to launch powerful educational campaigns and new support systems that will protect youth safety and prevent online child exploitation through the development of an AI-based mobile app that detects risks and alerts parents – while working alongside other cities to set a new standard for the future of urban policy.”

    “City halls deliver the most fundamental public services—from reliable public transport to affordable housing, clean water, sustainable environments, emergency response, and more,” said Mayor Gergely Karácsony of Budapest, Hungary. “Recognizing their potential and reach, the Bloomberg Philanthropies Mayors Challenge rewards and equips those with the most inventive ideas to lead transformations of the essential programs their communities rely on. We are honored that Budapest is one of the 50 finalists selected to further our idea to build a city-run food processing plant that can turn surplus fruits and vegetables from local markets into nutritious meals for schools and senior homes.”

    “It is an honor to be selected as a finalist for the Bloomberg Philanthropies Mayors Challenge,” said Mayor Sunita Dayal of Ghaziabad, India. “As we pursue our idea to improve our environment alongside bolstering our workforce – converting organic waste into white rooftop paint and compost to cool homes, green parks, and lower emissions while providing new job opportunities – we have a unique opportunity to incubate innovation that will move our communities forward.” 

    “Thank you to Bloomberg Philanthropies for seeing our vision to improve the quality of life for seniors across our city,” said Mayor Mike Spano of Yonkers, New York. “We are honored to be among 50 finalists selected for the prestigious global Mayors Challenge competition. As a finalist, we will look to create a fully sustainable model for community engagement – marshaling public and private partners as well as residents and students – coupled with innovative technology and tools to enable many more to age safely and gracefully in place.” 

    With the expansion of the Bloomberg Cities Idea Exchange, future Mayors Challenge-winning ideas and other locally led solutions supported by Bloomberg Philanthropies will have new potential to scale—serving as models and catalysts for how governments solve problems across the globe. 

    To learn more about the 50 finalist proposals, visit mayorschallenge.bloomberg.org

    About Bloomberg Philanthropies:
    Bloomberg Philanthropies invests in 700 cities and 150 countries around the world to ensure better, longer lives for the greatest number of people. The organization focuses on creating lasting change in five key areas: the Arts, Education, Environment, Government Innovation, and Public Health. Bloomberg Philanthropies encompasses all of Michael R. Bloomberg’s giving, including his foundation, corporate, and personal philanthropy as well as Bloomberg Associates, a philanthropic consultancy that advises cities around the world. In 2024, Bloomberg Philanthropies distributed $3.7 billion. For more information, please visit bloomberg.org,

    MIL OSI New Zealand News

  • MIL-OSI China: Pan-Asia Pacific Regional Congress on Military Medicine opens in Beijing 2025-06-26 08:44:38 Themed “Innovation, Cooperation, Development, Together for a Shared Future,” the event features discussions and exchanges on innovations in health services and administration, improvements in combat casualty care, and other topics.

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

      BEIJING, June 25 (Xinhua) — The sixth Pan-Asia Pacific Regional Congress on Military Medicine opened on Wednesday in Beijing, bringing together the heads of military health departments and medical experts from more than 20 countries, as well as representatives of five international organizations, including the United Nations, the World Health Organization and the International Committee of Military Medicine.

      Themed “Innovation, Cooperation, Development, Together for a Shared Future,” the event features discussions and exchanges on innovations in health services and administration, improvements in combat casualty care, and other topics.

      The congress aims to enhance regional public health security capabilities, collaboratively promote pragmatic cooperation and innovative development in military medicine, and promote the construction of a global community of health for all.

      It also features exhibitions related to combat casualty care, training injury prevention, traditional medicine, and medical equipment.

      The medical equipment exhibition zone highlights dual-use technologies and equipment, while other sections make use of interactive demonstrations and immersive experiences to showcase the Chinese military’s medical capabilities and traditional medicine expertise. 

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    MIL OSI China News

  • MIL-OSI China: Second phase of China’s largest offshore gas field goes operational

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

    An aerial drone photo taken in April, 2025 shows the Deep Sea No. 1 energy station, in south China’s island province of Hainan. China National Offshore Oil Corporation (CNOOC) announced Wednesday the full operation of the second phase of its flagship gas field in the South China Sea, marking the completion of the country’s largest offshore natural gas development to date. The progress brings the gas field, named Shenhai Yihao or Deep Sea No. 1, to its designed production capacity of 4.5 billion cubic meters annually, according to CNOOC, the largest offshore oil and gas producer in China. [CNOOC/Handout via Xinhua]

    BEIJING, June 25 — China National Offshore Oil Corporation (CNOOC) announced Wednesday the full operation of the second phase of its flagship gas field in the South China Sea, marking the completion of the country’s largest offshore natural gas development to date.

    The progress brings the gas field, named Shenhai Yihao or Deep Sea No. 1, to its designed production capacity of 4.5 billion cubic meters annually, according to CNOOC, the largest offshore oil and gas producer in China.

    The gas field boasts proven geological reserves of over 150 billion cubic meters of natural gas. Production of phase-one project commenced in June 2021.

    Natural gas extracted from the field is transported to coastal terminals in Hong Kong, Sanya in Hainan, and Zhuhai in Guangdong, supplying key economic regions while integrating into the national gas pipeline network.

    The second phase of the project represents the country’s most challenging deepwater gas development so far, as it operates under the highest temperatures and pressures ever encountered in domestic offshore exploration. Additionally, it is China’s deepest gas development, functioning at water depths exceeding 1,500 meters and well depths surpassing 5,000 meters.

    Project manager Liu Kang said the production infrastructure and technical expertise established through the project will help future complex deepwater oil and gas exploration, enhancing the role of marine resources in supporting national energy supply.

    This photo taken in April, 2025 shows the Deep Sea No. 1 energy station in south China’s island province of Hainan. [CNOOC/Handout via Xinhua]
    This photo taken in March, 2025 shows a night working scene of the offshore gas production platform cluster in south China’s island province of Hainan. [CNOOC/Handout via Xinhua]
    A frogman checks the underwater structure of the second phase of Shenhai Yihao, or Deep Sea No. 1, in south China’s island province of Hainan, in May, 2025. [CNOOC/Handout via Xinhua]

    MIL OSI China News

  • MIL-OSI China: Americans more cautious on spending amid tariffs

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

    Mark Reynolds, 48, a marketing professional outside of Washington, D.C., said he and his family used to take a lot of trips once the lockdowns were lifted after the COVID-19 pandemic — to Asia, Europe and in the United States.

    Over the last four years he and his family took about five trips a year. “We’ve cut that to two trips per year,” he told Xinhua.

    He has also canceled an expensive gym membership and cut his time with a personal trainer in half, and is now focusing on retirement savings.

    Since U.S. President Donald Trump announced sweeping tariffs in April, Americans have become increasingly cautious about opening their wallets.

    Consumer spending rose by a sluggish 0.2 percent in April, down from a 0.7 percent rise in the month prior, amid Americans’ concerns over how tariffs would impact the economy, according to data released last month by the Bureau of Economic Analysis.

    Many Americans seek to increase their savings, after splurging for several years after the pandemic. The personal savings rate rose to 4.9 percent in April from 4.3 percent in March, according to data from the Bureau of Economic Analysis.

    Since taking office, Trump has announced a slew of sweeping tariffs, including a general 10 percent duty on all goods coming into the United States. That has caused some products to go up in price.

    Gary Clyde Hufbauer, a non-resident senior fellow at the Peterson Institute for International Economics, told Xinhua that he expects Americans to continue making cutbacks.

    “Late payment rates on credit cards are high, and many households are buying food on short-term credit, housing sales are weak. All these indicate the financial problems average Americans are facing,” Hufbauer said.

    Sharon Erdhart, 68, a retiree in the U.S. state of New Jersey, said she shops at cheaper supermarkets even though she has to drive outside of her area a little further.

    “I don’t dine out anymore because of price increases. I have curtailed my credit card use,” she told Xinhua.

    U.S. retail sales declined 0.9 percent in May, exceeding the 0.6 percent drop that economists had forecast, according to data released by the U.S. Department of Commerce.

    Accounting firm KPMG’s recent consumer pulse report showed that in response to tariffs, “50 percent are cutting back on purchases, and 49 percent are actively seeking deals and discounts.”

    “We’re seeing a more selective and cost-conscious summer travel season,” said Duleep Rodrigo, KPMG’s consumer and retail leader.

    Joe Chance, a retired security professional in Philadelphia, told Xinhua he continues to take his family on vacation, but is taking bargain airlines now.

    “They don’t get movies or anything on board even like meals, but it’s cheap,” he said.

    Meanwhile, discount stores, such as Dollar Tree, Walmart, and TJX Companies — the firm that owns T.J. Maxx and Marshalls — have been gaining steam in the retail sector.

    Shoppers are opting toward lower prices, and consumers are more likely to seek bargains on goods ranging from beauty products to clothing.

    Hufbauer said he expects discount stores to do well in this environment.

    Dean Baker, a senior economist at the Center for Economic and Policy Research, told Xinhua: “Wage growth seems to have slowed, so that will slow spending and cause people to look to discount stores.”

    MIL OSI China News

  • MIL-Evening Report: Iran accuses US over ‘torpedoed diplomacy’ – passes bill to halt UN nuclear watchdog cooperation

    BEARING WITNESS: By Cole Martin in occupied Bethlehem

    Kia ora koutou,

    I’m a Kiwi journo in occupied Bethlehem, here’s a brief summary of today’s events across the Palestinian and Israeli territories from on the ground.

    At least 79 killed and 391 injured by Israeli forces in Gaza over the last 24 hours, including 33 killed and 267 injured while seeking aid at the US-Israel “humanitarian” centres.

    *

    Three killed and 7 injured by settler pogrom on the town of Kafr Malik, northeast of Ramallah; setting fire to houses and cars, and protected by soldiers. Israeli forces shot and killed 15-year-old Rayan Houshia west of Jenin as they retreated from resistance fighters, after using a civilian home as military barracks; also invading several towns across the West Bank, firing teargas into al-Fawar refugee camp south of Hebron, sound-bombs near the Jenin Grand Mosque in the north, and arresting several Palestinians.

    Al Quds/Jerusalem’s old city faced low visitor numbers even after restrictions were lifted by the Israeli occupation. Jerusalem Governate reported 623 homes and facilities demolished by Israel since October 2023.

    *

    Palestinian political prisoner Amar Yasser Al-Amour was released after 2.5 years without charge or trial in Israeli prisons. Thousands remain detained illegally in this way. Another freed prisoner Fares Bassam Hanani mourned his mother who passed away while he was imprisoned. Mohammad al-Ghushi, also freed, was taken to hospital to have his kidney removed due to torture and medical neglect he faced in Israeli prisons.

    *

    The unexpected ceasefire between Israel, America, and Iran appears to be holding for now. Iranian officials say the US “torpedoed diplomacy” and have passed a bill to halt cooperation with the UN nuclear watchdog IAEA.

    Cole Martin is an independent New Zealand photojournalist based in the Middle East and a contributor to Asia Pacific Report.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Economics: Secretary-General of ASEAN meets with the ASEAN Committee in Rabat

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, met with the ASEAN Committee in Rabat at the residence of the Ambassador of Malaysia to Morocco, for a Working Dinner on 25 June 2025. The event was hosted by the Ambassador of Malaysia to Morocco, Dato’ Shahabudeen Adam Shah, as the current Chair of the ASEAN Committee in Rabat. SG Dr. Kao thanked the Committee for its active role and contributions towards raising the profile, awareness and visibility of ASEAN in Morocco and enhancing ASEAN-Morocco relations. SG Dr. Kao briefed the Committee on the latest developments in ASEAN, particularly decisions of the ASEAN Leaders at the recently-concluded 46th ASEAN Summit and related meetings, in Malaysia. SG Dr. Kao also shared his views on ways to further strengthen the ASEAN-Morocco Sectoral Dialogue Partnership.

    The post Secretary-General of ASEAN meets with the ASEAN Committee in Rabat appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI: Electronic Health Records (EHR) Market Valued at USD 33.45 Billion in 2024, Set to Grow at 4.59% CAGR Through 2032 | AnalystView Market Insights

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, USA, June 25, 2025 (GLOBE NEWSWIRE) — The Electronic Health Records (EHR) market was valued at USD 33,451.20 million in 2024 and is projected to grow at a CAGR of 4.59% from 2025 to 2032. This growth is driven by the global shift toward digital healthcare infrastructure, government mandates for record standardization, and the rising demand for efficient patient data management across hospitals, clinics, and ambulatory care centers. EHR systems are digital versions of a patient’s paper chart, offering real-time, patient-centered records that make information instantly and securely available to authorized users. They are critical for improving coordination between care providers, minimizing medical errors, and enhancing overall clinical outcomes.

    Government initiatives worldwide are playing a key role in promoting EHR adoption. Programs such as the U.S. HITECH Act, the EU’s digital health transformation goals, and India’s Ayushman Bharat Digital Mission are pushing healthcare providers toward digitization. At the same time, the rise of value-based care, telehealth, and mobile health applications has increased the need for interoperable and cloud-based EHR systems. The market is witnessing significant technological advancements, including integration with AI, predictive analytics, and mobile platforms, which enable better clinical decision-making and patient engagement. However, challenges such as high implementation costs, data privacy concerns, and interoperability issues between different systems remain key hurdles, particularly in emerging markets.

    North America dominates the global EHR market, backed by strong digital infrastructure and initiatives like the U.S. HITECH Act, which allocated over $35 billion to promote EHR adoption. Meanwhile, Asia-Pacific is emerging as the fastest-growing region, fueled by rising healthcare investments—India’s health budget rose 13% in 2023—and national digitization drives like China’s “Healthy China 2030.” Supportive policies, growing urbanization, and expanding patient volumes are accelerating EHR integration across the region, attracting global players and investors alike.

    Unlock in-depth insights and forecasts – Get your FREE sample report of the EHR market today: https://analystviewmarketinsights.com/request_sample/AV4020

    Key Players- Detailed Competitive Insights

    • Cerner Corporation
    • GE Healthcare
    • Veradigm LLC
    • Epic Systems Corporation
    • eClinicalWorks
    • Greenway Health, LLC
    • NextGen Healthcare, Inc.
    • Medical Information Technology, Inc.
    • CPSI
    • AdvancedMD, Inc.
    • Allscripts Healthcare Solutions
    • MEDHOST
    • Athenahealth
    • McKesson Corporation
    • Siemens Healthineers
    • Oracle Corporation

    Market Dynamics

    Drivers

    1. Government Mandates and Incentives: Many countries are accelerating Electronic Health Records (EHR) adoption through targeted policies. In the U.S., CMS’s Promoting Interoperability Program ties Medicare reimbursements to EHR usage. Germany’s Hospital Future Act allocated €4.3 billion for digital upgrades, while Australia’s My Health Record achieved over 90% population coverage. India’s Ayushman Bharat Digital Mission aims to create a unified health ID system, promoting seamless data exchange. These initiatives are driving global healthcare digitalization and fostering integrated patient care systems.
    2. Rising Demand for Streamlined Healthcare Delivery: For example, Mayo Clinic uses integrated EHRs to reduce duplication, streamline workflows, and access real-time patient data—cutting documentation time and improving care coordination across departments and specialties. 
    3. Growth in Telehealth and Remote Monitoring: The global shift toward telemedicine post-COVID-19 has increased the need for centralized digital records that can be accessed remotely. This trend is pushing both public and private healthcare providers to invest in cloud-based and interoperable EHR systems.
    4. Data-Driven Decision Making in Healthcare: As data becomes a core asset in personalized medicine and value-based care models, EHRs serve as critical repositories of patient history, lab reports, medications, and imaging data.

    Challenges

    • High Implementation and Maintenance Costs: The cost of deploying EHR software, training staff, and maintaining IT infrastructure can be prohibitive for small healthcare facilities, especially in developing nations.
    • Interoperability and Data Security Concerns: Although EHRs are designed to improve information sharing, achieving true interoperability across different systems remains a challenge. Moreover, the sensitive nature of health data makes security and compliance with data protection regulations (like HIPAA and GDPR) a critical issue.

    Opportunities

    • Integration with AI and analytics in EHRs enables predictive insights—such as Mount Sinai Hospital using AI models within EHRs to identify sepsis risk early, improving response time and patient outcomes. This innovation is driving demand for intelligent, data-driven systems.
    • Mobile and Cloud-Based EHRs: The adoption of mobile health apps and cloud platforms enables real-time access to health data, especially beneficial in rural and underserved regions.

    Regional Insights

    North America

    North America holds 42.50% of the global EHR market, driven by the U.S.’s early adoption and digital health funding. Epic Systems powers major hospital networks like Kaiser Permanente, while Canada’s Infoway initiative accelerates EHR integration, ensuring secure, interoperable data across provinces.

    Europe

    Europe is a mature yet fragmented market for EHRs. Countries like Germany, the UK, and the Netherlands are progressing well in EHR integration, while others lag due to privacy concerns and inconsistent digital policies. The EU’s push toward unified health records under the European Health Data Space initiative could streamline EHR adoption across member states.

    Asia-Pacific

    The Asia-Pacific region is projected to witness the fastest growth during the forecast period. Rapid urbanization, increased healthcare spending, and the digitalization efforts in countries like India, China, and Australia are major contributors. Government-backed programs such as India’s Ayushman Bharat Digital Mission and China’s Smart Healthcare initiative are significantly driving EHR deployment.

    Latin America & Middle East

    Both regions are gradually embracing EHR systems. Brazil, Saudi Arabia, and the UAE have initiated digital health reforms. However, budget constraints and a lack of infrastructure remain key barriers. International partnerships and private investments are expected to unlock growth potential in these markets.

    TABLE OF CONTENT

    1. Electronic Health Records Market Overview
    1.1. Study Scope
    1.2. Market Estimation Years
    2. Executive Summary
    2.1. Market Snippet
    2.1.1. Electronic Health Records Market Snippet By Product
    2.1.2. Electronic Health Records Market Snippet By Type
    2.1.3. Electronic Health Records Market Snippet By Business Model
    2.1.4. Electronic Health Records Market Snippet By Application
    2.1.5. Electronic Health Records Market Snippet By End Use
    2.1.6. Electronic Health Records Market Snippet by Country
    2.1.7. Electronic Health Records Market Snippet by Region
    2.2. Competitive Insights
    3. Electronic Health Records Key Market Trends
    3.1. Electronic Health Records Market Drivers
    3.1.1. Impact Analysis of Market Drivers
    3.2. Electronic Health Records Market Restraints
    3.2.1. Impact Analysis of Market Restraints
    3.3. Electronic Health Records Market Opportunities
    3.4. Electronic Health Records Market Future Trends
    4. Electronic Health Records Industry Study
    4.1. PEST Analysis
    4.2. Porter’s Five Forces Analysis
    4.3. Growth Prospect Mapping
    4.4. Regulatory Framework Analysis
    5. Electronic Health Records Market: Impact of Escalating Geopolitical Tensions
    5.1. Impact of COVID-19 Pandemic
    5.2. Impact of Russia-Ukraine War
    5.3. Impact of Middle East Conflicts
    6. Electronic Health Records Market Landscape
    6.1. Electronic Health Records Market Share Analysis, 2024
    6.2. Breakdown Data, by Key Manufacturer
    6.2.1. Established Players’ Analysis
    6.2.2. Emerging Players’ Analysis
    7. Electronic Health Records Market – By Product
    7.1. Overview
    7.1.1. Segment Share Analysis, By Product, 2024 & 2032 (%)
    7.1.2. On-premises
    7.1.3. Web & Cloud-Based EHR
    8. Electronic Health Records Market – By Type
    8.1. Overview
    8.1.1. Segment Share Analysis, By Type, 2024 & 2032 (%)
    8.1.2. Acute
    8.1.3. Outpatient
    8.1.4. Post Acute
    9. Electronic Health Records Market – By Business Model
    9.1. Overview
    9.1.1. Segment Share Analysis, By Business Model, 2024 & 2032 (%)
    9.1.2. Licensed Software
    9.1.3. Technology Resale
    9.1.4. Subscriptions
    9.1.5. Professional Services
    9.1.6. Others
    10. Electronic Health Records Market – By Application
    10.1. Overview
    10.1.1. Segment Share Analysis, By Application, 2024 & 2032 (%)
    10.1.2. Cardiology
    10.1.3. Neurology
    10.1.4. Radiology ………

    Reasons to Invest in the EHR Market

    1. Essential Role in Modern Healthcare Systems
      EHRs are no longer optional but a fundamental part of modern healthcare. As hospitals strive to improve patient care, safety, and efficiency, EHRs serve as a backbone for digital health ecosystems.
    2. Regulatory Push and Compliance Standards
      Investment in compliant EHR systems helps healthcare providers align with stringent data protection laws while avoiding penalties and securing patient trust.
    3. Increasing Healthcare Expenditure
      Globally, healthcare budgets are expanding. A significant portion is being directed toward digital infrastructure, making EHR vendors prime beneficiaries of government and institutional funding.
    4. Rising Adoption of Cloud and AI Technologies
      EHR vendors integrating cloud capabilities and AI features offer enhanced scalability, analytics, and patient engagement. These smart EHRs are more future-proof and attractive to investors.
    5. Long-Term Cost Benefits for Healthcare Providers
      Despite initial costs, EHR systems lead to long-term savings by reducing administrative workload, avoiding duplication of tests, and minimizing errors.

    Future Outlook

    The Electronic Health Records (EHR) market is poised for a tech-driven evolution, with AI integration, cloud-based platforms, and interoperability leading the way. By 2032, real-time data exchange, as seen in the U.K.’s NHS Federated Data Platform and India’s Ayushman Bharat Digital Mission, will become standard.

    Growing cybersecurity investments and patient-centric innovations are redefining EHR functionality. With global healthcare systems embracing value-based care, the market is set for intelligent, adaptive, and patient-connected growth worldwide.

    Discover the Full Study : https://analystviewmarketinsights.com/reports/report-highlight-electronic-health-records-market

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