Category: Asia

  • MIL-Evening Report: Why the US strikes on Iran are illegal and can set a troubling precedent

    Source: The Conversation (Au and NZ) – By Donald Rothwell, Professor of International Law, Australian National University

    After the United States bombed Iran’s three nuclear facilities on Sunday, US President Donald Trump said its objective was a “stop to the nuclear threat posed by the world’s number one state sponsor of terror”.

    US Defence Secretary Pete Hegseth echoed this justification, saying:

    The president authorised a precision operation to neutralise the threats to our national interest posed by the Iranian nuclear program and the collective self-defence of our troops and our ally Israel.

    Is this a legitimate justification for a state to launch an attack on another?

    I believe, looking at the evidence, it is not.

    Was it self defence?

    Under the UN Charter, there are two ways in which a state can lawfully use force against another state:

    • the UN Security Council authorises force in exceptional circumstances to restore or maintain international peace and security under Chapter 7

    • the right of self defence when a state is attacked by another, as outlined in Article 51.

    On the first point, there was no UN Security Council authorisation for either Israel or the US to launch an attack on Iran to maintain international peace and security. The security council has long been concerned about Iran’s nuclear program and adopted a series of resolutions related to it. However, none of those resolutions authorised the use of military force.

    With regard to self defence, this right is activated if there is an armed attack against a nation. And there’s no evidence of any recent Iranian attacks on the US.

    There have been incidents involving attacks on US assets by Iranian-backed proxy groups in the region, such as the Houthi rebels in Yemen and Hezbollah. In his address to the nation on Saturday night, Trump made reference to historical incidents the US believes the Iranians were responsible for over the years.

    However, none of these actions is directly related to the strikes on Iran’s nuclear facilities.

    What about a preemptive strike?

    Another possible ground the US can use to mount a case for its bombardments is anticipatory or preemptive self defence.

    Both of these aspects of self defence are controversial. They have never been clearly endorsed by the UN Security Council or the International Court of Justice.

    The US has sought to assert a fairly wide-ranging, robust interpretation of the right of self defence over many years, including both anticipatory self defence and preemptive self defence (which is particularly relevant in the Iran strikes).

    The major point of distinction between the two is whether a potential attack is imminent. Anticipatory self defence is in response to an attack on the brink of happening, such as when armed forces are massing on a border. Preemptive self defence is a step further removed, before a genuine threat materialises.

    Famously, in 2002, the administration of President George W. Bush adopted what is known as the “Bush doctrine” following the September 11 terrorist attacks.

    This doctrine was framed around the notion of preemptive self defence justifying a strike on another nation. This was one of the grounds the US used to justify its military intervention of Iraq in 2003 – that Iraq’s alleged program of weapons of mass destruction posed an imminent threat to the US.

    However, this justification was widely discredited when no evidence of these weapons was found.

    Did Iran pose an imminent threat?

    With regard to Iran’s nuclear program, an imminent threat would require two things: Iran having nuclear weapons capability, and an intent to use them.

    On capability, there have been debates about Iran’s transparency with respect to its cooperation with the International Atomic Energy Agency (IAEA).

    But, importantly, the IAEA is the body that has the authorisation and capability to make judgements about a nation’s nuclear program. And it said, at this point in time, Iran did not yet have nuclear weapons capability.

    As Rafael Grossi, the head of the IAEA told the BBC:

    […]whereas until the early 2000s there used to be […] a structured and systematic effort in the direction of a nuclear device, that is not the case now.

    Trump’s statement in which he referred to the US military operation against Iran’s “nuclear enrichment facilities” was particularly striking. There was no reference to weapons. So, even the language coming out of the White House does not make reference to Iran possessing weapons at this point in time.

    Trump’s address to the nation after the Iran strikes.

    Further, many states have nuclear weapons capability, but they’re not necessarily showing intent to use them.

    Iran has a long track record of aggressive rhetoric against Israel and the US. But the critical question here is whether this equates to an intent to strike.

    What about collective defence?

    Israel began its military campaign against Iran on June 13, also arguing for the need for anticipatory or preemptive self defence to counter the threat posed by Iran’s nuclear program.

    If Israel is exercising its right to self defence consistently with the UN Charter, as it claims, it can legitimately call on the assistance of its allies to mount what is known as “collective self defence” against an attack.

    On all the available evidence, there’s no doubt the Israelis and Americans coordinated with respect to the US strikes on June 22. At face value, this is a case of collective self defence.

    But, importantly, this right is only valid under international law if the original Israeli right to self defence is legitimate.

    And here, we encounter the same legal difficulties as we do with the US claim of self defence. Israel’s claim of an imminent attack from Iran is very dubious and contentious on the facts.




    Read more:
    Are Israel’s actions in Iran illegal? Could it be called self-defence? An international law expert explains


    A concerning precedent

    The overarching concern is these strikes can set a precedent. Other states can use this interpretation of the right of self defence to launch anticipatory or preemptive strikes against other nations any time they want.

    If this practice is allowed to go unchecked and is not subject to widespread condemnation, it can seen by the international community as an endorsement – that this type of conduct is legitimate.

    There are many states acquiring conventional weapons that could be seen to pose a potential threat to their neighbours or other states. And there are several states considering the acquisition of nuclear weapons.

    One example is Japan, where there has been some debate about nuclear weapons as a deterrence to future possible threats from China.

    So, how might Japan’s actions be seen by its neighbours – namely China and North Korea? And how might these countries respond in light of the precedent that’s been set by the US and Israel?

    Should Australia condemn the US strikes?

    Australia’s Foreign Minister Penny Wong has come out in support for the US action, saying “we cannot allow Iran to have a nuclear weapon”. She hasn’t, however, addressed the legality of the US strikes.

    The Albanese government should be discussing this. There’s an expectation, in particular, on the part of Labor governments, given former leader Doc Evatt’s role in the creation of the UN Charter, that they show strong support for the rules-based international order.

    Labor governments were very critical of the way in which the Howard government engaged in the US-led invasion of Iraq, asserting there was no basis for it under international law.

    Accordingly, there’s an expectation that Labor governments should be holding all states accountable for egregious breaches of international law. And, when viewed through the lens of international law, there’s no other way you can characterise the US strikes on Iran.

    Donald Rothwell receives funding from Australian Research Council

    ref. Why the US strikes on Iran are illegal and can set a troubling precedent – https://theconversation.com/why-the-us-strikes-on-iran-are-illegal-and-can-set-a-troubling-precedent-259542

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: ACCWS hosts closing ceremony for Bangladeshi youth leaders in Beijing

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

    The Academy of Contemporary China and World Studies (ACCWS) hosted the closing ceremony for the 2025 Delegation of Young Leaders from Bangladesh to China on June 20 in Beijing. The event marked the end of a 10-day exchange program across Guangzhou, Shanghai and Beijing. The visit was organized by ACCWS to deepen the understanding of China’s development achievements and philosophy among the younger generation of Bangladeshi leaders.

    The exchange comes as China and Bangladesh celebrate 50 years of diplomatic relations and the China-Bangladesh Year of People-to-People Exchanges, highlighting the growing importance of bilateral ties and youth engagement.

    The program brought together over 20 young representatives from Bangladeshi universities, media outlets, think tanks and political organizations. During their stay in China, the delegates participated in seminars, field visits and cultural exchanges, exploring topics such as governance, innovation, development and international cooperation.

    Yu Tao, vice president of China International Communications Group (CICG), delivers a speech at the closing ceremony in Beijing, June 20, 2025. [Photo courtesy of ACCWS]

    Yu Tao, vice president of China International Communications Group (CICG), emphasized that young people are key participants in shaping the future of China-Bangladesh relations. “Young people are not only witnesses to our friendship, but also the bridge to its future,” Yu said.

    He called on delegates to strengthen people-to-people ties through mutual learning, cross-cultural storytelling and enhanced cooperation within the Global South.

    Md Abbas, journalist from The Daily Star, shares his views during the closing ceremony in Beijing, June 20, 2025. [Photo courtesy of ACCWS]

    Md Abbas, a journalist from Bangladeshi newspaper The Daily Star, described the visit as transformative. “We exchanged not just ideas, but values, visions and dreams,” Abbas said during the closing ceremony. 

    Abdul Karim, a lecturer at Noakhali Science and Technology University, expressed his admiration for China’s urban development and its long-term planning mindset.

    Liu Zongyi, director at the Shanghai Institutes for International Studies (SIIS), speaks at the closing ceremony in Beijing, June 20, 2025. [Photo courtesy of ACCWS]

    Liu Zongyi, director of the Center for South Asia Studies and the Research Office of Major Power Relations at the Shanghai Institutes for International Studies (SIIS), and director of the Centre for China Studies (Bangladesh), encouraged delegates to view China’s experience as a reference — not a model — and adapt what they had learned to their own national context.

    “Understanding each other’s realities is the starting point for meaningful cooperation,” Liu said.

    Delegates pose for a group photo after receiving certificates at the closing ceremony in Beijing, June 20, 2025. [Photo courtesy of ACCWS]

    Participants voiced hopes of carrying the spirit of the visit back to Bangladesh, promoting dialogue, mutual respect and a closer China-Bangladesh community with a shared future.

    MIL OSI China News

  • Indian stock market trades lower amid Middle East crisis

    Source: Government of India

    Source: Government of India (4)

    The Indian equity markets opened on a weak note Monday, tracking negative global cues as escalating tensions in the Middle East weighed on investor sentiment. Early trade witnessed selling pressure across key sectors, including IT and auto.

    As of 9:30 am, the BSE Sensex was down by 677.10 points or 0.82%, trading at 81,731.07. The NSE Nifty declined by 204.60 points or 0.81%, settling at 24,907.75.

    The Nifty Bank index also traded lower, shedding 387.75 points or 0.69% to reach 55,865.10. Meanwhile, the Nifty Midcap 100 dropped 219.45 points or 0.38% to 57,776.05, and the Nifty Smallcap 100 slipped 45.25 points or 0.25% to 18,148.95.

    According to market analysts, the worsening geopolitical crisis—triggered by reports of the US bombing three of Iran’s nuclear facilities—is unlikely to have a deep, long-term impact on the markets unless the situation escalates significantly.

    “If Iran targets and damages US defence facilities in the region or seriously harms US military personnel, Washington’s response could be massive and might aggravate the crisis. However, the current market view is that Iran’s ability to retaliate meaningfully against the US and Israel is limited,” said Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    He added that the closure of the strategic Hormuz Strait would likely hurt Iran and its ally China more than others, reinforcing a market outlook that still supports a “buy on dips” approach.

    Among the Sensex constituents, major laggards included Infosys, HCL Tech, Hindustan Unilever, TCS, Asian Paints, Power Grid, Reliance, and ITC. On the other hand, Bharat Electronics Limited (BEL), Bharti Airtel, and Trent were among the top gainers.

    Foreign institutional investors (FIIs) continued their buying streak for the fourth consecutive day on June 20, purchasing equities worth ₹7,940.70 crore. In contrast, domestic institutional investors (DIIs) offloaded equities worth ₹3,049.88 crore during the same session.

    “We expect our markets to open lower in reaction to global developments but may attempt to recover from the initial losses. Immediate resistance is seen at 25,222, while support has moved up to 24,800,” said Devarsh Vakil, Head of Prime Research at HDFC Securities.

    Asian markets also reflected the cautious mood, with indices in Bangkok, Japan, Seoul, Hong Kong, and Jakarta trading in the red. Only China bucked the trend by trading in the green.

    On Wall Street, the Dow Jones closed at 42,206.82 on Friday, gaining 35.16 points or 0.08%. The S&P 500 fell by 13.03 points or 0.22% to 5,967.84, while the Nasdaq declined by 98.86 points or 0.51% to end at 19,447.41.

    — IANS

  • Indian stock market trades lower amid Middle East crisis

    Source: Government of India

    Source: Government of India (4)

    The Indian equity markets opened on a weak note Monday, tracking negative global cues as escalating tensions in the Middle East weighed on investor sentiment. Early trade witnessed selling pressure across key sectors, including IT and auto.

    As of 9:30 am, the BSE Sensex was down by 677.10 points or 0.82%, trading at 81,731.07. The NSE Nifty declined by 204.60 points or 0.81%, settling at 24,907.75.

    The Nifty Bank index also traded lower, shedding 387.75 points or 0.69% to reach 55,865.10. Meanwhile, the Nifty Midcap 100 dropped 219.45 points or 0.38% to 57,776.05, and the Nifty Smallcap 100 slipped 45.25 points or 0.25% to 18,148.95.

    According to market analysts, the worsening geopolitical crisis—triggered by reports of the US bombing three of Iran’s nuclear facilities—is unlikely to have a deep, long-term impact on the markets unless the situation escalates significantly.

    “If Iran targets and damages US defence facilities in the region or seriously harms US military personnel, Washington’s response could be massive and might aggravate the crisis. However, the current market view is that Iran’s ability to retaliate meaningfully against the US and Israel is limited,” said Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    He added that the closure of the strategic Hormuz Strait would likely hurt Iran and its ally China more than others, reinforcing a market outlook that still supports a “buy on dips” approach.

    Among the Sensex constituents, major laggards included Infosys, HCL Tech, Hindustan Unilever, TCS, Asian Paints, Power Grid, Reliance, and ITC. On the other hand, Bharat Electronics Limited (BEL), Bharti Airtel, and Trent were among the top gainers.

    Foreign institutional investors (FIIs) continued their buying streak for the fourth consecutive day on June 20, purchasing equities worth ₹7,940.70 crore. In contrast, domestic institutional investors (DIIs) offloaded equities worth ₹3,049.88 crore during the same session.

    “We expect our markets to open lower in reaction to global developments but may attempt to recover from the initial losses. Immediate resistance is seen at 25,222, while support has moved up to 24,800,” said Devarsh Vakil, Head of Prime Research at HDFC Securities.

    Asian markets also reflected the cautious mood, with indices in Bangkok, Japan, Seoul, Hong Kong, and Jakarta trading in the red. Only China bucked the trend by trading in the green.

    On Wall Street, the Dow Jones closed at 42,206.82 on Friday, gaining 35.16 points or 0.08%. The S&P 500 fell by 13.03 points or 0.22% to 5,967.84, while the Nasdaq declined by 98.86 points or 0.51% to end at 19,447.41.

    — IANS

  • PM Modi pays tribute to Dr. Syama Prasad Mukherjee on Martyrdom Day

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Monday paid tribute to Dr. Syama Prasad Mukherjee on the occasion of his Martyrdom Day (Balidan Divas), recalling his unparalleled contributions to the unity and integrity of the nation.
     
    In a post on X, the Prime Minister said, “Heartfelt tributes to Dr. Syama Prasad Mukherjee on his Balidan Divas. He displayed exceptional courage and determination in preserving the unity of the nation. His invaluable contribution to nation-building will always be remembered with deep respect.”
     
    Union Minister J.P. Nadda also took to X to honour Mukherjee.
     
    “I pay my heartfelt tribute to the blessed son of Mother India, the pioneer of cultural nationalism, revered Dr. Shyama Prasad Mukherjee ji on his martyrdom day, who dedicated his all for the unity, integrity and self-respect of India,” he said.
     
    “Revered Dr. Shyama Prasad Ji struggled ideologically and politically throughout his life to keep Jammu and Kashmir and West Bengal an integral part of India. To keep the flame of cultural nationalism alive in the country, he presented a new idea in the form of Jana Sangh,” Nadda added.
     
    Union Minister Nitin Gadkari also paid tribute on X,  saying, “Tributes to the founder of Bharatiya Jana Sangh, revered Dr. Shyama Prasad Mukherjee, on his martyrdom day. He sacrificed everything for the unity and integrity of the country by renouncing power. His sacrifice for the nation will always be remembered.”
     
    Uttar Pradesh Chief Minister Yogi Adityanath also paid homage to Mukherjee, calling him a “source of inspiration.”
     
    “Tribute to the proclaimer of ‘Nahi chalenge ek desh mein do Vidhan, do Pradhan aur do Nishan’, founder-president of Bharatiya Jana Sangh, Dr. Shyama Prasad Mukherjee ji, on his martyrdom day!” he posted on X.
    “His sacrifice, dedicated to the unity and integrity of the nation, is a source of inspiration for all Indians.”
     
    Dr. Shyama Prasad Mukherjee, a prominent nationalist leader and a key figure in post-independence India, is remembered for his fierce opposition to Article 370 and for playing a pivotal role in the movement to integrate Jammu and Kashmir with the rest of India.
  • MIL-OSI Asia-Pac: Applications open for Sir Edward Youde Memorial Fellowships and Scholarships for Overseas Studies 2026/27

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Sir Edward Youde Memorial Fund Council:

    The Sir Edward Youde Memorial (SEYM) Fund Council announced today (June 23) that applications for the SEYM Fellowships and Scholarships for Overseas Studies and the SEYM Overseas Fellowship/Scholarship for Disabled Students for the 2026/27 academic year are now open. The closing date for applications is September 5, 2025.

    The fellowships and scholarships aim at encouraging outstanding students to pursue further studies in renowned institutions overseas. Awardees should aspire to contribute to Hong Kong and be ready to give back to the community upon graduation.

    The fellowships are for overseas studies leading to postgraduate degrees either by research or coursework. The maximum value of a fellowship is HK$300,000 per year, tenable for up to three years for a doctoral degree or two years for a master’s degree. The scholarships are for overseas studies leading to undergraduate degrees. The maximum value of a scholarship is HK$280,000 per year, tenable for up to three years.

    The applicants will be responsible for fulfilling all application procedures and admission requirements of the academic institutions of their choice.

    Information notes for the applications are available on the website of the Student Finance Office of the Working Family and Student Financial Assistance Agency (www.wfsfaa.gov.hk/en/resources/forms/form.htm). Applicants should submit the completed form through the GovHK website (eform.cefs.gov.hk/form/sfo031/en/). For details, please visit the website of the Sir Edward Youde Memorial Fund (www.wfsfaa.gov.hk/sfo/seymf/en/whatwedo/index.htm), or call (852) 2150 6097 or (852) 2150 6098.

    Shortlisted applicants of the Fellowships and Scholarships for Overseas Studies will be invited to attend interviews in Hong Kong. The first round of interviews is scheduled for December 2025 or January 2026. If found suitable, applicants will be invited for a final interview to be held in January or February 2026. For the Overseas Fellowship/Scholarship for Disabled Students, shortlisted applicants will be invited to attend an interview in Hong Kong in January or February 2026.

    MIL OSI Asia Pacific News

  • MIL-OSI: Global Electronics Association Debuts; New Name Elevates IPC’s 70-Year Legacy as Voice of $6 Trillion Electronics Industry

    Source: GlobeNewswire (MIL-OSI)

    Electronics Standards and Certifications Leader Unveils New Vision and Mission for Supply Chain Harmonization and Advocacy, Releases Global Trade Flows Study

    BANNOCKBURN, Ill., June 23, 2025 (GLOBE NEWSWIRE) — Today begins a new chapter for IPC as it officially becomes the Global Electronics Association, reflecting its role as the voice of the electronics industry. Guided by the vision of “Better electronics for a better world,” the Global Electronics Association (electronics.org) is dedicated to enhancing supply chain resilience and promoting accelerated growth through engagement with more than 3,000 member companies, thousands of partners, and dozens of governments across the globe.

    “The Board’s support and approval of this transformation shows our collective recognition that the electronics industry has fundamentally changed. The Association has expanded well beyond its beginning in printed circuit boards – we’re enabling AI, autonomous vehicles, next-generation communications, and much more,” said Tom Edman, board chair of the Global Electronics Association and president and CEO of TTM Technologies. “As we chart our path forward with our new name, we will continue and elevate our efforts to build partnerships between governments and industries, foster new investment, drive innovation across the industry, and minimize disruptions in the electronics supply chain.”

    As part of its new mission, the Association is increasing resources to strengthen advocacy, deepen industry insights, and enhance stakeholder communications — all aimed at advancing and elevating the electronics industry. To champion a resilient and growing supply chain, the Association represents the entire ecosystem of diverse subsectors that contribute to this complex industry.

    “Electronics today are the backbone of all industries, which makes its supply chain crucial to economies, governments, and everyday life,” said Dr. John W. Mitchell, president and CEO of the Global Electronics Association. “Our new mission and vision position us to work more deeply with industry and our members globally to advocate for the importance of electronics in our continuously changing world.”

    The Global Electronics Association will retain the IPC brand for the industry’s standards and certification programs, which are vital to ensure product reliability and consistency. The IPC Education Foundation is now known as the Electronics Foundation, continuing to focus on solving the talent challenges for the electronics industry.

    Global Electronics Trade Flows
    The Global Electronics Association also released a trade flows study of the global electronics industry, which now represents more than $1 in every $5 of global merchandise trade.

    Key findings include:

    • Electronics supply chains are more globally integrated than any other industry, surpassing even the automotive sector in cross-border complexity.
    • Trade inputs like semiconductors and connectors now exceed trade in finished products such as smartphones and laptops, with global electronics trade totaling $4.5 trillion in 2023, including $2.5 trillion in components alone.
    • Top exporters such as China, Vietnam, and India are among the fastest-growing importers of electronic inputs, underscoring the deep interdependence embedded in global electronics production.
    • This mutual reliance challenges the viability of reshoring and decoupling strategies, as rising export powers depend on components from across the world.

    Mitchell concluded: “Our trade flows analysis reinforces that resilience, not self-sufficiency, is the foundation of competitiveness in the electronics age. No single company or country can stand alone. The complexities of the electronics ecosystem require collaboration and partnership with others. The Global Electronics Association is here to help create a vital and thriving global electronics supply chain through industry, government, and stakeholder collaboration.”

    Global Operations Supporting Entire Value Chain
    The electronics value chain supported by the Global Electronics Association – from design to final product – encompasses original equipment manufacturers, semiconductors, printed circuit boards, assembly and manufacturing services, harnesses, materials, and equipment suppliers. The Association has operations in Belgium, China, Germany, India, Japan, Korea, Malaysia, Mexico, Taiwan, and the United States, and a presence across dozens more countries to support its members.

    About the Global Electronics Association
    The Global Electronics Association is the voice of the electronics industry, working with thousands of members and partners to build a more resilient supply chain and drive sustainable growth. We advocate for fair trade, smart regulation, and regional manufacturing, and educate on industry practices, actionable intelligence and technical innovations to empower the future. The Association collaborates with governments and companies worldwide to advance a trusted and prosperous electronics industry. Formerly known as IPC, the organization serves a $6 trillion market and operates from offices across Asia-Pacific, Europe and North and South America. Learn more at www.electronics.org.

    Contact:
    Michelle Leff Mermelstein
    Michellemermelstein@electronics.org  
    + 1 202-661-8092 

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d245e078-4a14-42eb-b999-a98d2c7cdb94

    The MIL Network

  • Pakistan condemns Trump’s bombing of Iran – a day after nominating him for Peace Prize

    Source: Government of India

    Source: Government of India (4)

    Pakistan condemned on Sunday the strikes ordered on its neighbour Iran by Donald Trump, a day after Islamabad had said it would nominate the U.S. President for the Nobel Peace Prize.

    Pakistan on Sunday said Trump’s decision to bomb Iranian nuclear facilities violated international law and that diplomacy was the only way to resolve the Iran crisis.

    “The unprecedented escalation of tension and violence, owing to ongoing aggression against Iran is deeply disturbing. Any further escalation of tensions will have severely damaging implications for the region and beyond,” Pakistan’s Ministry of Foreign Affairs said.

    Also on Sunday, Pakistan’s Prime Minister Shehbaz Sharif telephoned Iranian President Masoud Pezeshkian and “conveyed Pakistan’s condemnation of the U.S. attacks,” a statement from the Pakistani leader said.

    Pakistan’s information minister and the foreign ministry did not respond to requests for comment on the apparent contradiction in the country’s positions over the weekend.

    In Pakistan’s biggest city, Karachi, thousands marched in protest against the U.S. and Israeli strikes on Iran.

    A large American flag with a picture of Trump on it was placed on the road for demonstrators to walk over. The protesters shouted out chants against America, Israel and Pakistan’s regional enemy India.

    Pakistan on Saturday said it was nominating Trump as “a genuine peacemaker” for his role in bringing a four-day conflict with India to an end last month. It said he had “demonstrated great strategic foresight and stellar statesmanship”.

    (Reuters)

  • MIL-OSI Asia-Pac: Speech by FS at Hong Kong Investment Funds Association 18th Annual Conference (English only) (with photos/video)

    Source: Hong Kong Government special administrative region

         Following is the speech by the Financial Secretary, Mr Paul Chan, at the Hong Kong Investment Funds Association 18th Annual Conference today (June 23):

    Sam (Chairman of the Hong Kong Investment Funds Association (HKIFA), Mr Sam Yu), Your excellency Mr El-Kuwaiz (Chairman of the Capital Market Authority of Saudi Arabia, Mr Mohammad El-Kuwaiz), Consul General Mr Alhimali (Consul General of Saudi Arabia in Hong Kong, Mr Mazin Hamad Mohamad Alhimali), Kelvin (Chairman of the Securities and Futures Commission (SFC), Dr Kelvin Wong), Eddie (Chief Executive of the Hong Kong Monetary Authority, Mr Eddie Yue), Julia (Chief Executive Officer of the SFC, Ms Julia Leung), distinguished guests, ladies and gentlemen,

    MIL OSI Asia Pacific News

  • Iran Parliament Approves Strait of Hormuz Closure Following U.S. Nuclear Strikes as Global Energy Crisis Looms

    Source: Government of India

    Source: Government of India (4)

    Iran’s parliament has unanimously approved a dramatic proposal to close the Strait of Hormuz—the world’s most critical oil and gas shipping route—in direct retaliation for U.S. airstrikes on Iranian nuclear facilities at Fordow, Natanz, and Isfahan. While the decision signals a potentially catastrophic escalation with global repercussions, final authority to implement the closure lies with Iran’s Supreme National Security Council, which has not yet issued a formal order.

    U.S. Secretary of State Marco Rubio condemned the move as “economic suicide” and warned it would provoke a strong American and allied military response. He urged China to use its influence with Tehran to prevent the closure, citing Beijing’s heavy dependence on the waterway for oil imports. Oil prices have already begun spiking on global markets, with analysts predicting a surge well above $100 per barrel if the blockade is enforced.

    The Strait of Hormuz handles approximately 20 percent of global oil exports and a significant share of liquefied natural gas shipments, making it one of the most strategically vital maritime chokepoints in the world. Senior Iranian lawmaker and Revolutionary Guards commander Esmaeil Kowsari confirmed that parliament concluded the strait should be closed but reiterated that the Supreme National Security Council holds final decision-making authority.

    Economists warn that a full closure could trigger cascading effects on global inflation and economic stability. Major economies in Asia and Europe—heavily reliant on West Asian energy supplies—face the prospect of severe supply disruptions that could cripple industrial output and consumer markets.

    The Chinese government now faces the delicate task of balancing its strategic partnership with Iran against the potentially devastating impact on its own energy security. While Beijing has not yet issued an official statement, American diplomats are actively engaging with Chinese counterparts to urge intervention before the crisis escalates further.

    In response, U.S. military forces throughout the region have been placed on heightened alert. The Pentagon is reportedly preparing for potential naval confrontations, as any sustained closure of the Strait of Hormuz would pose an existential threat to global energy security.

    The Iranian parliament’s decision marks the most serious threat to global energy supplies since the 1980s Tanker War, when Iran and Iraq targeted commercial shipping. Current tensions in West Asia have already disrupted aviation and shipping patterns, but a Hormuz closure would represent an unprecedented blow to the global economy amid an already volatile energy landscape.

  • Heavy rains lash MP, Chhattisgarh with red alerts in some areas, Gujarat also sees heavy downpours

    Source: Government of India

    Source: Government of India (4)

    Central India continued to face the brunt of active monsoon systems on Sunday, as heavy rainfall lashed large parts of Madhya Pradesh and Chhattisgarh, severely disrupting routine life.  Gujarat continues to experience heavy to very heavy rainfall over the past several days, leading to significant water inflows into river systems and dams, particularly in Saurashtra and south Gujarat.

    More than 22 districts across Madhya Pradesh recorded considerable precipitation, resulting in waterlogging, rising river levels, and widespread emergency response measures. Amid deteriorating weather conditions, Madhya Pradesh Chief Minister Mohan Yadav’s helicopter was forced to make an unscheduled landing at the Pipariya helipad in Narmadapuram district. He later continued his journey by road to the hill station of Pachmarhi with his family.

    In a separate incident, Ujjain’s Shri Mahakaleshwar Temple witnessed a structural mishap as a portion of the ceiling plaster collapsed in the temple’s tunnel complex, reportedly due to prolonged leakage from above.

    Rainfall intensity varied across districts, with Tikamgarh recording two inches of rain over nine hours, followed by 1.5 inches in Mandla, 1.4 inches in Narmadapuram, 1 inch in Gwalior, and 45 mm across Bhopal-Raisen.

    According to the India Meteorological Department (IMD), the downpour is being driven by a strong low-pressure system over the region, enhanced by a trough from the west and an active cyclonic circulation.

    These combined systems are expected to continue delivering moderate to heavy rain, particularly in eastern and northern Madhya Pradesh. A red alert has been issued for Agar Malwa, Ujjain, Shajapur, and Rajgarh for June 23. An orange alert is in place for Neemuch and Mandsaur, while several other districts, including Vidisha, Raisen, Damoh, Chhatarpur, Satna, Rewa, and Mauganj, are likely to receive heavy rain accompanied by thunderstorms.

    Forecasts for the coming days remain grim. On June 24, very heavy rainfall is anticipated in Shahdol, Sagar, Guna, Ashoknagar, and Shivpuri, with persistent showers expected in Gwalior, Datia, Vidisha, Damoh, and Katni.

    On June 25, Panna is likely to be the focal point of very heavy rain, while Guna, Ashoknagar, Sagar, Damoh, and Chhatarpur remain on the watchlist for sustained precipitation. Chhattisgarh is also under a rain alert, with cities like Bhilai experiencing high humidity and intermittent showers.

    The IMD has urged residents across both states to remain cautious through the week and follow official advisories amid the ongoing monsoon surge. Rain triggers inflows in 206 dams in Gujarat; 8 overflowing, 14 on high alert.

    Gujarat continues to experience heavy to very heavy rainfall over the past several days, leading to significant water inflows into river systems and dams, particularly in Saurashtra and south Gujarat. As per the latest update from the India Meteorological Department (IMD), an average rainfall of 15.04 mm was recorded across 159 talukas in the state in the last 24 hours ending Sunday evening.

    According to the official data released at 5 p.m. on Sunday, new water has entered 206 dams across the state, of which eight dams are currently filled to 100 per cent capacity and 14 are on high alert due to rising water levels.

    In its status report, the IMD noted that the Narmada dam currently stands at 389.96 feet, against a full reservoir level of 454.98 feet. The reservoir data further indicates that eight dams are 100 per cent full, 26 dams have reached 70 to 100 per cent capacity, 22 dams are at 50 to 70 per cent, 57 dams are between 25 to 50 per cent and 99 dams are below 25 per cent capacity.

    In addition to the 14 dams on high alert, nine have been placed on alert, and 11 are under warning status, prompting state authorities to closely monitor the situation.

    The India Meteorological Department has also issued a red alert for extremely heavy rainfall in seven districts: Banaskantha, Rajkot, Devbhoomi Dwarka, Porbandar, Junagadh, Navsari, and Valsad. These areas are expected to face intense showers and possible waterlogging.

    An orange alert is in place for a wider belt of 24 districts, including Kutch, Morbi, Amreli, Bhavnagar, Ahmedabad, Gandhinagar, Mehsana, Patan, Sabarkantha, and Surat, signalling heavy rainfall with the potential for disruption.

    Meanwhile, yellow alerts have been issued for Vadodara, Chhota Udepur, and Narmada districts, indicating a possibility of moderate to heavy rain.

    The IMD has forecast continued rainfall activity across Gujarat until June 28, urging citizens to remain cautious, especially in low-lying and flood-prone areas. Authorities are on standby, and disaster response teams have been mobilised in vulnerable districts. (IANS)

  • Iran weighs retaliation against U.S. for strikes on nuclear sites

    Source: Government of India

    Source: Government of India (4)

    Iran and Israel traded air and missile strikes as the world braced on Monday for Tehran’s response to the U.S. attack on its nuclear sites and U.S. President Donald Trump raised the idea of regime change in the Islamic republic.

    Iran vowed to defend itself on Sunday, a day after the U.S. joined Israel in the biggest Western military action against the country since its 1979 Islamic Revolution, despite calls for restraint and a return to diplomacy from around the world.

    Commercial satellite imagery indicated the U.S. attack on Saturday on Iran’s subterranean Fordow nuclear plant severely damaged or destroyed the deeply buried site and the uranium-enriching centrifuges it housed, but the status of the site remained unconfirmed, experts said.

    In his latest social media comments on the U.S. strikes, Trump said “Monumental Damage was done to all Nuclear sites in Iran.”
    “The biggest damage took place far below ground level. Bullseye!!!” he wrote on his Truth Social platform.

    Trump earlier called on Iran to forgo any retaliation and said the government “must now make peace” or “future attacks would be far greater and a lot easier.”

    The U.S. launched 75 precision-guided munitions including bunker-buster bombs and more than two dozen Tomahawk missiles against three Iranian nuclear sites, chairman of the Joint Chiefs of Staff, General Dan Caine, told reporters.

    The U.N. nuclear watchdog, the International Atomic Energy Agency, said no increases in off-site radiation levels had been reported after the U.S. strikes. Rafael Grossi, the agency’s director general, told CNN that it was not yet possible to assess the damage done underground.

    A senior Iranian source told Reuters that most of the highly enriched uranium at Fordow had been moved elsewhere before the attack. Reuters could not immediately corroborate the claim.

    Tehran, which denies its nuclear programme is for anything other than peaceful purposes, sent a volley of missiles at Israel in the aftermath of the U.S. attack, wounding scores of people and destroying buildings in Tel Aviv.

    But it had not acted on its main threats of retaliation, to target U.S. bases or choke off oil shipments that pass through the Strait of Hormuz.

    Attempting to strangle Gulf oil supply by closing the strait could send global oil prices skyrocketing, derail the world economy and invite conflict with the U.S. Navy’s massive Fifth Fleet based in the Gulf.

    Oil prices jumped on Monday to their highest since January. Brent crude futures rose $1.88 or 2.44% at $78.89 a barrel as of 1122 GMT. U.S. West Texas Intermediate crude advanced $1.87 or 2.53% at $75.71.

    Iran’s parliament has approved a move to close the strait, which Iran shares with Oman and the United Arab Emirates. Iran’s Press TV said closing the strait would require approval from the Supreme National Security Council, a body led by an appointee of Iran’s Supreme Leader Ayatollah Ali Khamenei.

    Caine said the U.S. military had increased protection of troops in the region, including in Iraq and Syria. The U.S. State Department issued a security alert for all U.S. citizens abroad, calling on them to “exercise increased caution.”

    The United States already has a sizeable force in the Middle East, with nearly 40,000 troops and warships that can shoot down enemy missiles.

    The Israeli military reported a missile launch from Iran in the early hours of Monday morning, saying it was intercepted by Israeli defences.

    Air raid sirens blared in Tel Aviv and other parts of central Israel. Iran has repeatedly targeted the Greater Tel Aviv – a metropolitan area of around 4 million people – the business and economic hub of Israel where there are also critical military assets.

    Iranian news agencies reported air defences were activated in central Tehran districts to counter “enemy targets”, and that Israeli air strikes hit Parchin, the location of a military complex southeast of the capital.

    REGIME CHANGE

    In a post to the Truth Social platform on Sunday, Trump raised the idea of regime change in Iran.

    “It’s not politically correct to use the term, ‘Regime Change,’ but if the current Iranian Regime is unable to MAKE IRAN GREAT AGAIN, why wouldn’t there be a Regime change??? MIGA!!!” he wrote.

    Trump’s post came after officials in his administration, including U.S. Vice President JD Vance and Defense Secretary Pete Hegseth, stressed they were not working to overthrow Iran’s government.

    Israeli officials, who began the hostilities with a surprise attack on Iran on June 13, have increasingly spoken of their ambition to topple the hardline Shi’ite Muslim clerical establishment.

    Iranian Foreign Minister Abbas Araqchi is expected to hold talks with Russian President Vladimir Putin in Moscow on Monday. The Kremlin has a strategic partnership with Iran, but also close links with Israel.

    Speaking in Istanbul on Sunday, Araqchi said his country would consider all possible responses and there would be no return to diplomacy until it had retaliated.

    Russia’s foreign ministry condemned the U.S. attacks which it said had undermined the Treaty on the Non-Proliferation of Nuclear Weapons.

    “The risk of the conflict spreading in the Middle East, which is already gripped by multiple crises, has increased significantly,” it said.

    The U.N. Security Council met on Sunday to discuss the U.S. strikes as Russia, China and Pakistan proposed the 15-member body adopt a resolution calling for an immediate and unconditional ceasefire in the Middle East.

    U.N. Secretary-General Antonio Guterres told the Security Council the U.S. bombings in Iran marked a perilous turn in the region and urged a return to negotiations over Iran’s nuclear programme.

    (Reuters)

  • MIL-OSI China: SW China city brewing champion coffee culture

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

    Guiyang, in southwest China’s Guizhou Province, has earned the title “City of Coffee Champions,” a remarkable feat for a region that grows no coffee beans but fosters champion baristas and thousands of cafes.

    Its streets, lined with over 3,000 cafes boasting a density surpassing even that of east China’s Shanghai, serve as the training ground for an elite cadre of baristas dominating global competitions.

    PIONEER SHOPS TO WORLD STAGE

    Guiyang’s coffee culture started in 2005 when pioneering cafes introduced specialty coffee years before it became mainstream in China. This sparked passion in a generation of young coffee enthusiasts.

    Peng Jinyang is among the pioneers. In May 2025, the Guiyang native won the World Brewers Cup Championship in Jakarta, Indonesia. Already China’s 2024 champion, this marked the first such win for a Chinese mainland competitor since 2019.

    Peng discovered specialty coffee in a Guiyang cafe during high school. His career faced early struggles — his first coffee bean venture sold only 40 bags in its opening month. He then temporarily diversified his business before again focusing solely on coffee roasting via his Captain George brand.

    To improve his skills, Peng traveled for training purposes and learned directly from world champions. He also brought global expertise back to Guiyang by organizing workshops featuring top baristas.

    His competitive record is impressive — champion roaster at Taiwan’s Takao International Coffee Competition (2016), repeated top finishes in the China Brewers Cup Championship (CBrC), and his recent world title. His team, meanwhile, has dominated the CBrC for five consecutive years since 2020.

    Notably, Guiyang has so far nurtured more than 10 world and national titleholders.

    COMMUNITY COFFEE CULTURE

    Black Rock Coffee owner Lei Ming faced a critical choice during a 2017 business slump. Rather than close down, he opted to borrow money to renovate and deepen his coffee expertise. This risk succeeded handsomely.

    After the renovation, his customer base recovered, while Lei also transitioned from competitor to certified coffee judge. During this year’s Dragon Boat Festival, Black Rock served over 300 cups daily, with tourists making up nearly 75 percent of its patrons.

    Lei’s story echoes that of Liu Kaisheng, who started as a barista at one of Guiyang’s earliest specialty coffee cafes. Unhappy with the inconsistent bean quality, Liu taught himself roasting, progressing from temporary setups to a professional studio.

    “Focus entirely on the quality of coffee,” he said. Such dedication is common among Guiyang cafe owners — many of whom are both competition champions and certified judges.

    LOCAL FLAVORS DRIVE INNOVATION

    Guiyang’s cafes stand out through specializing in niches like roasting, brewing, latte art and creative drinks, thereby building unique identities in a crowded market.

    Innovation often carries a local flavor. Lei’s unexpected fusion, a blending of Guiyang’s fish mint with an Americano, evolved from a curiosity into a signature hit. In addition, his “One Bean, Three Ways” menu, pairing single-origin coffee with regional ingredients like fish mint, became a bestseller.

    Beyond taste, unique spaces also fuel the Guiyang coffee scene. Orchard Coffee, housed in a concrete-and-glass structure resembling an art community more than a traditional cafe, merges a roastery with an educational hub. Founder Qiang Hua, himself a top competition judge, said that “champions aren’t just about brewing well — they must elevate the entire industry and push peers forward.”

    At Good Coffee, meanwhile, artistry is evident on the cup. Cups hand-painted by owner Luo Nianyu and her team transform each serving into a unique canvas, earning the cafe a reputation as Guiyang’s “most warm-hearted.” 

    MIL OSI China News

  • MIL-OSI China: Behind Labubu craze: China’s rise as global IP powerhouse

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

    Toys themed on Labubu, a popular furry doll from Chinese toy company Pop Mart, are pictured during the opening ceremoy of a new offline store of Pop Mart in Bangkok, Thailand, July 5, 2024. (Xinhua/Sun Weitong)

    The shop floor of a pajama factory in Jiangsu Province, east China, had stood still for some time before recently springing back to life, its resurrection kickstarted by a fluffy toy.

    “Labubu was not really my cup of tea, but now I think it is adorable,” said Qiu Zunzun, general manager of Shuofeng daily necessities company in Suzhou, jokingly.

    With its signature spiky toothed grin, Labubu has taken the world by storm. Noticing the craze, Qiu, spotted a gap in the market — outfits for collectors to dress up their fluffy friends. So, he bought some toy samples and cloth, and by the end of May, the factory was rolling out dresses for the little imp.

    “In less than 20 days we produced more than 80 kinds of doll’s dresses, with a turnover of about 170,000 yuan (about 23,643 U.S. dollars).” Qiu estimated that with orders still growing, the monthly sales revenue could reach 1 million yuan.

    The punky, cute, bunny-eared creature from China has inspired fans around the world to line up for a chance to own one. It is the latest case of Chinese IP globalization, which signals a shift in China’s role from a manufacturing hub to a source of original cultural exports, and injects vitality into traditional industries.

    CHINESE IP GOES ABROAD

    Maraid Vintena in Sydney, Australia, lined up for an hour earlier this week to check the Pop Mart Labubu vending machine in her suburb. “There are four Pop Mart vending machines near my house,” she said. “But most of the time, they’re sold out. I check their website like ten times a day… I’m really addicted, but it’s fun.”

    “As you get older, life is a little bit mundane. Something small, like a Labubu, a blind box, is like a little bit of excitement,” Vintena said, explaining why she fell in love with the doll.

    Amid the ever-growing Labubu craze, fashion brand Uniqlo has announced to partner with Pop Mart for their new collection The Monsters.

    It is not the only Chinese IP which gained recognition around the world. From the hit video game “Black Myth: Wukong” last year that amassed 1.04 million concurrent players merely an hour after its debut, to the cinematic marvel of “Ne Zha 2,” which has risen to the fifth spot on the worldwide box office chart, success of Chinese IP shows the rise of both cultural confidence and the empowerment of the country’s industrial system, said Wang Ruotong, a researcher with the Tianjin Foreign Studies University.

    Beyond the cultural sector, a number of Chinese brands have made inroads into the world-class IP categories, from the artificial intelligence (AI) to new energy vehicles and consumer technology.

    Data from China’s General Administration of Customs shows that China sustained its growth momentum on exports of new energy vehicles, with the volume of pure electric car exports topping 2 million units for the first time in 2024.

    Chinese carmaker BYD is establishing factories in Thailand and Mexico, integrating Chinese aesthetics into automotive design.

    In the AI domain, China has made holistic advancements in AI development, fostering a thriving AI industrial ecosystem. The country now hosts over 400 “little giant” firms — specialized small and medium-sized enterprises that excel in niche AI markets, including AI innovator DeepSeek.

    The vibrant growth of creative Chinese IPs has been driven by China’s booming domestic cultural consumption and a solid industrial manufacturing foundation. As China shifts from mass production to smart, high-end manufacturing, the fusion of aesthetics and craftsmanship is driving the country’s manufacturing sector to move up the global value chain.

    In 2024, China’s per-capita expenditure on education, culture, and entertainment registered 3,189 yuan, marking a 9.8-percent increase and accounting for 11.3 percent of total per-capita consumption spending, according to the National Bureau of Statistics. The continuously expanding cultural consumption market is emerging as a robust engine driving the development of China’s IP industry.

    INJECTING VITALITY INTO TRADITIONAL INDUSTRIES

    At Yiwu International Trade Market, buyers carrying black plastic bags walk from one booth to another asking “do you have dresses for Labubu?” The global frenzy for this tiny creature has offered business opportunities for China’s “world supermarket”.

    In Zhu Hui’s store, one could not only find shirts, trousers and skirts for Labubu, but also accessories like glasses and hats. “Our dresses are sold at seven to 15 yuan a piece, while the accessories are one or two yuan each,” she said.

    Zhu’s store opened only half a month ago, with number of orders increasing quickly. “At first we received orders for dozens or several hundred pieces a day, but now it is more than 10,000 pieces,” she said. Zhu has about 50 workers in her factory, all of whom are working overtime recently.

    Inspired by Labubu, other toy producers also tried to make their products more attractive.

    Sun Lijuan is manager of the Yiwu Hongsheng Toys Factory, which exports dolls to more than 80 countries and regions in South America, Middle East, Central Asia, Europe and Africa.

    “Our dolls can talk, sing and tell stories,” she said. Recently they are applying AI technology to create products to meet different needs of consumers.

    Sun told Xinhua that in recent years, they had witnessed the development of new technology which has empowered their business and helped them avoid homogeneous competition. Their toy factory was founded 13 years ago, but in recent years its turnover has been growing steadily.

    “The greatest potential for future IP to go global lies in the continuous development of content and its deep integration with technology,” said Wang Ruotong. “With the maturation of technologies such as AI and virtual reality, the presentation of IP is going towards immersive and interactive experience.”

    “China has a solid foundation in manufacturing,” she continued. “Therefore, the popularity of Labubu this time brought a huge development opportunity to this industry. I’m sure that in the future there will be more Labubus emerging.” 

    MIL OSI China News

  • MIL-OSI Banking: Money Market Operations as on June 20, 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) 9,033.70 5.25 4.75-6.55
         I. Call Money 1,610.95 5.12 4.75-5.30
         II. Triparty Repo 4,634.75 5.17 5.00-6.25
         III. Market Repo 54.00 5.00 5.00-5.00
         IV. Repo in Corporate Bond 2,734.00 5.47 5.40-6.55
    B. Term Segment      
         I. Notice Money** 16,583.27 5.28 4.80-5.35
         II. Term Money@@ 459.00 5.30-5.75
         III. Triparty Repo 3,90,573.45 5.23 5.20-5.40
         IV. Market Repo 1,83,185.10 5.13 1.00-5.50
         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# Fri, 20/06/2025 1 Sat, 21/06/2025 2,109.00 5.75
      Fri, 20/06/2025 2 Sun, 22/06/2025 0.00 5.75
      Fri, 20/06/2025 3 Mon, 23/06/2025 550.00 5.75
    4. SDFΔ# Fri, 20/06/2025 1 Sat, 21/06/2025 2,86,050.00 5.25
      Fri, 20/06/2025 2 Sun, 22/06/2025 0.00 5.25
      Fri, 20/06/2025 3 Mon, 23/06/2025 17,836.00 5.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -3,01,227.00  
    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$       7,032.31  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     7,032.31  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -2,94,194.69  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on June 20, 2025 9,46,593.60  
         (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 20, 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: 2025-2026/576

    MIL OSI Global Banks

  • MIL-OSI Asia-Pac: Elderly Health Care Voucher Greater Bay Area Pilot Scheme to extend to Zhuhai from June 26

    Source: Hong Kong Government special administrative region

         The Government announced today (June 23) that the Fifth Affiliated Hospital, Sun Yat-sen University (FIFAH-SYSU) and Zhuhai People’s Hospital (ZHPH) in Zhuhai will launch the Elderly Health Care Voucher Greater Bay Area Pilot Scheme this Thursday (June 26), accepting eligible Hong Kong elderly persons to use Elderly Health Care Vouchers (EHCVs) to pay for outpatient healthcare services at designated departments. With the two additional service points, the number of service points in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) where EHCVs can be used will increase to 11, benefitting more than 1.78 million eligible Hong Kong elderly persons.
     
    EHCVs are applicable for outpatient healthcare services provided by 16 designated departments at the FIFAH-SYSU, including Department of Internal Medicine, Department of Surgery, Department of Orthopedics, Department of Cardiology, Department of Neurology, Department of Gynecology, Department of Traditional Chinese Medicine, Department of Dermatology, Department of Ophthalmology, Department of Otolaryngology – Head & Neck Surgery, Department of Stomatology, Department of Rehabilitation Medicine, Department of Psychiatry and Psychology, Department of Clinical Nutrition, Health Management Center and Department of Emergency Medicine.
     
    For ZHPH, EHCVs are applicable for outpatient healthcare services provided by 15 designated departments, including Department of Internal Medicine, Department of Surgery, Department of Orthopaedics, Department of Gynecology, Department of Ophthalmology, Department of Stomatology, Department of Otorhinolaryngology, Department of Traditional Chinese Medicine, Department of Rehabilitation Medicine, Department of Emergency Medicine, Department of General Medicine, Health Management Center, Department of Dermatology, Department of Psychological Counseling and Department of Clinical Nutrition.
     
    The arrangements for shared use of EHCVs between spouses and the EHCV Pilot Reward Scheme under the EHCV Scheme are equally applicable to the FIFAH-SYSU and ZHPH. In other words, when an elderly person receives designated primary healthcare outpatient services for health checks, preventive health services, and follow-up/monitoring of long-term conditions at the designated departments, the EHCV spending for that service encounter can be accumulated for the allotment of rewards. Further information and treatment flow are set out in the Annex.

         The fees for the healthcare services provided by the pilot medical institutions are denominated in Renminbi. Medical institutions will make EHCV claims for elderly persons, and the EHCV amount deducted in Hong Kong dollars will be calculated according to a monthly updated voucher conversion factor under the EHCV Scheme. The monthly voucher conversion factor under the EHCV Scheme will be displayed at the cashier offices of the medical institutions for reference by the elderly.
     
         “Elderly persons cannot use EHCVs together with national medical insurance to pay for the fees of the same healthcare service encounter. The scope of using EHCVs on the Mainland is the same as that in Hong Kong, which does not include inpatient services, prepaid healthcare services and day surgery procedures. EHCVs cannot be used solely for the purchase of goods, medication, medical equipment or products, nor can they be redeemed for cash,” the spokesperson reminded.
     
         Hong Kong elderly persons should register with eHealth before using EHCVs at any designated service point in the GBA. To facilitate Hong Kong citizens in using electronic health records (eHRs) across the boundary in a secure manner and to enhance the continuity of healthcare services, the “Cross-boundary Health Record” and “Personal Folder” functions of the eHealth mobile application (eHealth App) will be extended to the two hospitals from the same day (June 26). In addition, elderly persons can also use the eHealth App to check their EHCV balance and usage record, as well as access at any time important information such as their medications, allergies and adverse drug reactions stored in the eHealth App. If elderly persons wish to use EHCVs at the GBA medical institutions but they have not yet registered with eHealth, the medical institutions will instantly register them for eHealth upon their consent so that they can use EHCVs right away.
     
         If elderly persons suspect that the participating medical institutions have violated the EHCV Scheme rules, they can call the EHCV Scheme hotline (2838 2311) to provide relevant information and details to the Health Care Voucher Division of the Department of Health (DH). All suspected cases of violation of the EHCV Scheme rules or false declarations will be strictly dealt with by the DH. Furthermore, each GBA medical institution has set up an enquiry and complaint hotline. Elderly persons can also offer their views to the relevant medical institution or file complaints against the medical institutions under the Pilot Scheme to the health authority at the provincial or city level if necessary. Members of the public can visit the following thematic website (www.hcv.gov.hk/en/hcv_gba_pilot_scheme/index.html) for more information.
     
         The Government launched the Pilot Scheme in 2024 to extend the coverage of EHCVs to seven integrated medical/dental institutions in the GBA, covering Guangzhou, Zhongshan, Dongguan and Shenzhen, and offering more convenience and flexibility to the eligible Hong Kong elderly persons. The Government announced the extension of Pilot Scheme in May 2025, further increasing the service points to cover all nine Mainland cities in GBA. With the extension of the Pilot Scheme to 12 additional medical institutions offering integrated healthcare services (including dental services), together with the two existing service points operated by the University of Hong Kong-Shenzhen Hospital, eligible elderly persons can use EHCV at a total of 21 service points in the GBA cities.
     
    The Government is actively preparing the implementation of the Pilot Scheme in the remaining 10 medical institutions included in the Pilot last month. It is expected that relevant arrangements will be launched gradually in the second half of this year.
     
    Members of the public may visit the EHCV Scheme website (www.hcv.gov.hk) or call the hotline (2838 2311) for more information on the EHCV Scheme.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Firing practice for July 2025

    Source: Hong Kong Government special administrative region

    Firing practice for July 2025 
         Red flags or red lamps will be hoisted at the firing areas before and during firing practice. For their safety, people are advised not to enter the firing area.
     
         Following are the dates and times for the firing practice sessions in July 2025:
     
    San Wai/Tai Ling Firing Range
    ————————————-
     

    DateJuly 3 (Thursday)
    July 4 (Friday)
    July 5 (Saturday)
    July 7 (Monday)
    July 8 (Tuesday)
    July 9 (Wednesday)
    July 10 (Thursday)
    July 11 (Friday)
    July 12 (Saturday)
    July 14 (Monday)
    July 15 (Tuesday)
    July 16 (Wednesday)
    July 17 (Thursday)
    July 18 (Friday)
    July 19 (Saturday)
    July 21 (Monday)
    July 22 (Tuesday)
    July 23 (Wednesday)
    July 24 (Thursday)
    July 25 (Friday)
    July 26 (Saturday)
    July 28 (Monday)
    July 29 (Tuesday)
    July 30 (Wednesday)
    July 31 (Thursday)8am-9pm
    8am-9pm
    8am-9pm
    8am-9pm
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    8am-9pm
    8am-9pm
    8am-9pmTsing Shan Firing Range
    ——————————-
     

    DateJuly 3 (Thursday)
    July 4 (Friday)
    July 5 (Saturday)
    July 7 (Monday)
    July 8 (Tuesday)
    July 9 (Wednesday)
    July 10 (Thursday)
    July 11 (Friday)
    July 12 (Saturday)
    July 14 (Monday)
    July 15 (Tuesday)
    July 16 (Wednesday)
    July 17 (Thursday)
    July 18 (Friday)
    July 19 (Saturday)
    July 21 (Monday)
    July 22 (Tuesday)
    July 23 (Wednesday)
    July 24 (Thursday)
    July 25 (Friday)
    July 26 (Saturday)
    July 28 (Monday)
    July 29 (Tuesday)
    July 30 (Wednesday)
    July 31 (Thursday)8am-9pm
    8am-9pm
    8am-9pm
    8am-9pm
    8am-9pm
    8am-9pm
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    8am-9pmIssued at HKT 11:00

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    MIL OSI Asia Pacific News

  • MIL-OSI Economics: Secretary-General of ASEAN reaffirms ASEAN’s commitment in realising the rights of persons with disabilities at the 6th ASEAN Autism Congress

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today delivered a pre-recorded keynote address at the 6th ASEAN Autism Congress held in Vientiane, Lao PDR. In his remarks, he reaffirmed ASEAN’s strong commitment to advancing disability-inclusion and the empowerment of persons with autism as integral to building a caring, people-centred, inclusive, and socially responsible ASEAN Community. Organised by the ASEAN Autism Network (AAN) and the Association for Autism of Lao PDR, the event serves as a platform for ASEAN Member States and stakeholders to promote regional cooperation, strengthen civil society engagement, and advance the implementation of the ASEAN Enabling Masterplan 2025:Mainstreaming the Rights of Persons with Disabilities through inclusive sports, dialogue, and strategic collaboration on autism advocacy.
     

    The post Secretary-General of ASEAN reaffirms ASEAN’s commitment in realising the rights of persons with disabilities at the 6th ASEAN Autism Congress appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Economics: Secretary-General of ASEAN reaffirms ASEAN’s commitment in realising the rights of persons with disabilities at the 6th ASEAN Autism Congress

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today delivered a pre-recorded keynote address at the 6th ASEAN Autism Congress held in Vientiane, Lao PDR. In his remarks, he reaffirmed ASEAN’s strong commitment to advancing disability-inclusion and the empowerment of persons with autism as integral to building a caring, people-centred, inclusive, and socially responsible ASEAN Community. Organised by the ASEAN Autism Network (AAN) and the Association for Autism of Lao PDR, the event serves as a platform for ASEAN Member States and stakeholders to promote regional cooperation, strengthen civil society engagement, and advance the implementation of the ASEAN Enabling Masterplan 2025:Mainstreaming the Rights of Persons with Disabilities through inclusive sports, dialogue, and strategic collaboration on autism advocacy.
     

    The post Secretary-General of ASEAN reaffirms ASEAN’s commitment in realising the rights of persons with disabilities at the 6th ASEAN Autism Congress appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Australia: CPTPP Symposium, Opening statement

    Source: Australian Attorney General’s Agencies

    [Acknowledgments omitted]

    The CPTPP is a symbol of what can be achieved through regional engagement in the face of global pressure.

    It is an agreement that is working every day to grow trade, make it easier, and spread the benefits of free and fair trade.

    It is an agreement that new countries want to join, and one that existing members continue to improve.

    A turn away from free and fair trade has emerged in some parts of the world in recent years.

    But all of us know the benefits of an open, rules-based global trading system.

    That doesn’t mean that our system is perfect, we know it needs work and some of the rules need to change.

    WTO rules can’t always be enforced, and its dispute resolution function has not been performing as it should.

    We will all prosper through improvements to the rules around how we trade and invest across international borders.

    Australia remains committed to reforming the WTO system in ways that both prioritises our national interest and supports a predictable, stable and transparent global trading environment.

    The United States has imposed tariffs on every nation in the world and we’re seeing firsthand the effect that is having on the global economy.

    Tariffs are a tax on consumers. They are an act of economic self harm.

    In this age of uncertainty, the CPTPP offers a model of fairness, sustainability and mutual benefit.

    Free trade is critical to our national security and prosperity, and Australia remains committed to it.

    As the 2025 CPTPP Chair, Australia will keep pushing for the evolution of a robust, rules-based global trading system, beyond the gold standard already set by this Agreement.

    As chair, our theme is “delivering sustainable trade and resilient growth”.

    We have three priorities.

    First, we want to increase trade.

    That might seem a simple goal, since we know that trade increases economic prosperity at all ends.

    But when people are talking about turning inwards , it only makes it more important that we focus on the opposite approach.

    An approach focused on improving market access opportunities for business, industry and communities.

    Second, we want to facilitate trade.

    We must always ask ourselves, as member economies, how do we make it easier for businesses and people to trade among our economies?

    And third, we want to spread the benefits of trade.

    We know that when women participate more in the economy, they drive growth.

    We want to see more female entrepreneurs active in trade across CPTPP members.

    We also want to see more businesses led by Indigenous Peoples trading in the region.

    And making the agreement more inclusive is another way CPTPP can show leadership to the world.

    While some are arguing that trade is a threat, we must show what trade delivers.

    We must show it delivers prosperity to the individual and the nation.

    So as the 2025 CPTPP Chair, we will be pleased to mark continued progress on the General Review of the CPTPP agreement.

    This is a great opportunity for all members to future-proof the agreement, so that it continues to deliver for our economies and remains resilient in the face of global pressures.

    The benefits aren’t hypothetical.

    The benefits are real, and many more are possible if we continue to engage, learn and shape this agreement to meet evolving needs.

    For our part, Australia isn’t just working through one mechanism to bolster trade.

    We take every opportunity to diversify our markets, strengthen our partnerships and open doors for business.

    In February, my department launched a new roadmap for Australia’s economic engagement with India backed by $16 million in trade accelerator funding and an additional $4 million for the Maitri program.

    This initiative deepens cultural and business ties through cooperation in education, research and continued advancements in technology and innovation.

    We have signed a new trade agreement with the United Arab Emirates, expected to generate $700 million in Australian exports to the Middle East.

    We have ratified the upgraded ASEAN-Australia New Zealand Free Trade Agreement, supporting small businesses, digital trade and gender equality across the region.

    Nearly half a million Australian jobs are tied to trade with Southeast Asia, and through our Southeast Asia Economic Strategy to 2040, we are ensuring that number continues to grow.

    And of course, we are continuing to work on a Free Trade Agreement with the European Union.

    Friends, as the 2025 CPTPP Chair, Australia is focused on making sure we take a strategic approach to global trade issues.

    At the heart of that project is bolstering and strengthening the rules of the global trading system.

    The CPTPP is a gold standard agreement – and we are keen to work to maintain its credentials as a catalyst for collaboration, innovation and ambition across our region.

    Thank you for sharing your thoughts today and I look forward to hearing about your insights.

    Thank you.

    MIL OSI News

  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for June 23, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on June 23, 2025.

    Illegal US attack on Iran’s nuclear facilities came in spite of no evidence
    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. The US struck three of Iran’s nuclear facilities overnight, entering the illegal aggression on Iran with heavy airstrikes despite no

    My kids only want to eat processed foods. How can I get them eating a healthier and more varied diet?
    Source: The Conversation (Au and NZ) – By Nick Fuller, Clinical Trials Director, Department of Endocrinology, RPA Hospital, University of Sydney If it feels like your child’s diet consists entirely of breakfast cereal, chicken nuggets and snacks that’d outlast the apocalypse, you’re not alone. Processed foods are the go-to for many kids, and for some,

    Defence Force to send plane to assist New Zealanders stranded in Iran and Israel
    By Giles Dexter, RNZ News political reporter The Defence Force is sending a plane to the Middle East to assist any New Zealanders stranded in Iran or Israel. The C-130J Hercules, along with government personnel, will leave Auckland on Monday. Airspace is still closed in the region, but Defence Minister Judith Collins said the deployment

    Trump’s decision to bomb Iran exposes fissures in US politics
    Source: The Conversation (Au and NZ) – By Lester Munson, Non-Resident Fellow, United States Studies Centre, University of Sydney US President Donald Trump’s strike on Iran’s nuclear weapons program, which he foreshadowed on and off for the past few days, has revealed a surprisingly broad middle ground in US politics, even as it has provoked

    Leaders in US-affiliated Pacific react to surprise strikes on Iran
    By Mark Rabago, RNZ Pacific Commonwealth of the Northern Marianas correspondent Leaders in the US-affliliated Pacific Islands have reacted to the US strikes on Iran. US president Donald Trump said Iran must now make peace or “we will go after” other targets in Iran, after US strikes on Iranian nuclear sites. Iran’s Foreign Ministry said

    Global warming is changing cloud patterns. That means more global warming
    Source: The Conversation (Au and NZ) – By Christian Jakob, Director, ARC Centre of Excellence for the Weather of the 21st Century, Monash University Caleb Weiner / Unsplash At any given time, about two-thirds of Earth’s surface is covered by clouds. Overall, they make the planet much cooler than it would be without them. But

    NZ’s changing diet: Māori bread and jackfruit join other new foods in the country’s nutritional database
    Source: The Conversation (Au and NZ) – By Nick William Smith, Associate Investigator in Nutritional Science, Te Kunenga ki Pūrehuroa – Massey University Shutterstock/Alesia Bierliezova The latest update to the New Zealand food composition database, a comprehensive collection of nutrient data collated jointly by Plant & Food Research and the Ministry of Health, brings more

    How pregnant women are tested for gestational diabetes is changing. Here’s what this means for you
    Source: The Conversation (Au and NZ) – By Alexis Shub, Obstetrician & Maternal Fetal Medicine specialist, The University of Melbourne How Australian pregnant women are tested for gestational diabetes is set to change, with new national guidelines released today. Changes are expected to lead to fewer diagnoses in women at lower risk, reducing the burden

    Freak wind gusts made worse by climate change threaten airline passenger safety
    Source: The Conversation (Au and NZ) – By Milton Speer, Visiting Fellow, School of Mathematical and Physical Sciences, University of Technology Sydney Unexpected severe turbulence injured crew and passengers on a Qantas Boeing 737 during descent at Brisbane on May 4 2024. The subsequent Australian Transport Safety Bureau investigation suggested the severity of the turbulence

    Labubu plushies aren’t just toys. They’re a brand new frontier for Chinese soft power
    Source: The Conversation (Au and NZ) – By Ming Gao, Research Fellow of East Asia Studies, Lund University Katerina Elagina/Shutterstock One of the most sought-after items of 2025 isn’t a designer handbag or the latest tech gadget. It’s a plush elf with a snaggle-toothed grin. Labubu (拉布布) is a global sensation. From David Beckham and

    Pro-independence advocates urge MSG to elevate West Papua membership
    By Scott Waide, RNZ Pacific PNG correspondent Two international organisations are leading a call for the Melanesian Spearhead Group (MSG) to elevate the membership status of the United Liberation Movement for West Papua (ULMWP) at their upcoming summit in Honiara in September. The collective, led by International Parliamentarians for West Papua (IPWP) and International Lawyers

    Starving Gaza civilians toll climbs at Israeli humanitarian ‘death traps’
    Pacific Media Watch 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. Israeli forces killed over 200 Palestinians in Gaza over the last 48 hours, injuring over 1037. Countless

    NZ group slams Israeli ‘hoodwinking’ of US over nuclear strikes – Peters calls for talks
    Asia Pacific Report The Palestine Solidarity Network Aotearoa has called on New Zealanders to condemn the US bombing of Iran. PSNA co-chair Maher Nazzal said in a statement that he hoped the New Zealand government would be critical of the US for its war escalation. “Israel has once again hoodwinked the United States into fighting

    The US has entered the Israel-Iran war. Here are 3 scenarios for what might happen next
    Source: The Conversation (Au and NZ) – By Ian Parmeter, Research Scholar, Middle East Studies, Australian National University After prevaricating about whether the United States would enter Israel’s war on Iran, President Donald Trump finally made a decision. Early Sunday, US warplanes struck three of Iran’s nuclear sites at Natanz, Isfahan and Fordow, where the

    What is a ‘bunker buster’? An expert explains what the US dropped on Iran
    Source: The Conversation (Au and NZ) – By James Dwyer, Lecturer, School of Social Sciences, University of Tasmania The jagged silhouette of a B2 stealth bomber seen during a 2015 flyover in the US. Jonathan Daniel / Getty Images Late on Saturday night, local time, the United States carried out strikes against Iranian nuclear enrichment

    Muted response from Albanese government on US attack on Iran
    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra The Albanese government has given a tepid response to the United States’ bombing of Iran’s nuclear facilities. The Prime Minister’s Office issued a statement from a government spokesperson, but there were no plans on Sunday afternoon for Anthony Albanese or

    What is a ‘bunker buster’? An expert explains what the US dropped on Iran – and what might happen now
    Source: The Conversation (Au and NZ) – By James Dwyer, Lecturer, School of Social Sciences, University of Tasmania The jagged silhouette of a B2 stealth bomber seen during a 2015 flyover in the US. Jonathan Daniel / Getty Images Late on Saturday night, local time, the United States carried out strikes against Iranian nuclear enrichment

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Russia: International passenger airlines have linked Xinjiang with all Central Asian countries

    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

    URUMQI, June 23 (Xinhua) — International passenger airlines have linked northwest China’s Xinjiang Uygur Autonomous Region with all five Central Asian countries, according to Xinjiang Airport Group Co., Ltd.

    According to the data, international passenger air routes have now linked Xinjiang with a total of 21 cities in 17 countries, including Georgia, Armenia, Azerbaijan, Belarus, Russia, as well as countries in Western, South and Southeast Asia.

    As previously reported by the Xinjiang branch of China Southern Airlines, since the beginning of 2025, the volume of passenger and cargo air transportation from Xinjiang to Central Asia has grown by 36 percent and 200 percent year-on-year, respectively.

    During the peak summer holiday season, up to 70 flights are expected to operate weekly between Xinjiang and the Central Asian region.

    The aforementioned corporation expressed its willingness to continue to open, increase the frequency or restore passenger flights connecting Xinjiang with more places around the world to advance the construction of an efficient and smooth connectivity network under the Belt and Road Initiative.

    MIL OSI Russia News

  • MIL-Evening Report: Illegal US attack on Iran’s nuclear facilities came in spite of no evidence

    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.

    The US struck three of Iran’s nuclear facilities overnight, entering the illegal aggression on Iran with heavy airstrikes despite no evidence that nuclear weapons are being developed. Israel continued its strikes attacking dozens of locations across Iran throughout the day. Three were killed in an Israeli drone attack on an ambulance in central Iran. At least 400 have been killed and 2000 injured, according to the latest Health Ministry figures.

    *

    Heavy Iranian retaliation strikes on Israeli territories saw about 27 injured.

    *

    At least 47 killed by Israeli attacks in Gaza today, 18 while seeking aid. Two killed and 15 wounded in an Israeli airstrike on a house west of Gaza city. The murder of firefighter Muhammad Ghurab brings the total Gaza civil defence casualties to 121, representing 14.3 percent of its employees.

    Today I met a 10-year-old kid called Hassan on the streets of Bethlehem. He was looking for work. His dad had recently stopped working, unemployed like many in Bethlehem; around 80 percent of jobs here depend on tourism. He lives in al-Khader village, an hour’s walk away, but without opportunities there he had walked all this way in an attempt to help support his family.

    Israel’s illegal occupation of the West Bank has suffocated the economy here for decades. Now, as the genocidal war on Gaza continues and Israeli aggression expands to Iran, drawing in the USA and threatening regional collapse, a 10-year-old boy takes to the streets of Bethlehem to find work.

    *

    Israel’s illegal siege across the West Bank continues. Large numbers of Israeli soldiers conducted extensive raids on Bethlehem’s Dheisheh camp including demolitions, arrests, and interrogations last night. Mass demolitions continue across Nour Shams camp in the north, and further arrests, demolitions, and incursions took place across the West Bank. Bethlehem’s gasoline shortages continue due to Israel’s ongoing siege.

    *

    Twenty five killed in a terror attack targeting Mar Elias Church in Damascus, Syria.

    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 China: Ceremonies honor Fu Xi on both sides of Taiwan Strait

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

    Ma Ying-jeou (3rd from left), former chairman of the Chinese Kuomintang party, and Song Tao (left), head of the Taiwan Work Office of the Communist Party of China Central Committee and the Taiwan Affairs Office of the State Council, participate in a commemorative ceremony honoring Fu Xi, a mythical ancestor of the Chinese people, in Tianshui, Gansu province, on Saturday. [Photo/Xinhua]

    The majority of people in Taiwan hold a strong belief in Chinese culture and identity, which is an enduring virtue, said Ma Ying-jeou, former chairman of the Chinese Kuomintang party, during a commemorative ceremony on the Chinese mainland on Saturday.

    On Saturday morning, the annual ceremony honoring Fu Xi, a mythical ancestor of Chinese civilization, took place at Fu Xi Temple in Tianshui, a city in Northwest China’s Gansu province that is regarded as the birthplace of Fu Xi and the cradle of Fu Xi culture. Paying tribute to Fu Xi is a local tradition in Tianshui that dates back to ancient times.

    Ma and a delegation of students from China’s Taiwan island participated in the ceremony.

    “This is not only a time-honored tradition of the Chinese nation to trace its roots and honor its ancestors, but also a valuable opportunity for young people to experience the profound influence of Chinese culture and civilization,” Ma said after the ceremony.

    The ceremony, which began at 9:50 am, was held simultaneously on both sides of the Taiwan Strait, with a parallel event held at Xianse Temple in New Taipei City in Taiwan. It marked the 12th consecutive cross-Strait joint commemoration of Fu Xi.

    On Saturday, which marked the solar term Summer Solstice, the ceremony began with 34 drumbeats, symbolizing the descendants of Chinese civilization across the 31 provinces, autonomous regions and municipalities on the mainland, as well as the Hong Kong and Macao special administrative regions and Taiwan. A series of solemn rituals followed, including the reading of a eulogy, ceremonial bows and ritual music and dance performances.

    Ma and Song Tao, head of both the Taiwan Work Office of the Communist Party of China Central Committee and the Taiwan Affairs Office of the State Council, attended the ceremony together and paid their respects at the ancestral temple.

    Ma said he brought the student delegation to take part in the ceremony to demonstrate the importance that people in Taiwan place on honoring their ancestors and respecting traditional Chinese culture, and to raise awareness about the need to preserve and pass on the nation’s cultural heritage.

    “I hope that through the solemn tribute to the cultural ancestor of Chinese civilization, young people across the Strait could join hands and work together to build a bright future for the Chinese nation,” Ma said.

    The ceremony in Tianshui drew around 750 participants from home and abroad, including more than 240 compatriots from Taiwan.

    In New Taipei City, Wang Jinpyng, the officiant of the commemorative ceremony and a KMT politician, noted that Fu Xi represents the root of Chinese culture. He expressed the hope that Fu Xi culture could be further promoted on the island to strengthen cultural confidence and identity.

    Lee Chien-lung, who is in charge of Xianse Temple, said that the ceremony served not only to honor the ancestor but also to educate and inspire the younger generation, according to a Xinhua News Agency report.

    MIL OSI China News

  • MIL-OSI China: China’s top political advisor meets Thailand’s National Assembly president

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

    Wang Huning, chairman of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), meets with Thailand’s National Assembly President and Speaker of the House of Representatives Wan Muhamad Noor Matha in Beijing, capital of China, June 22, 2025. [Photo/Xinhua]

    China’s top political advisor Wang Huning met with Thailand’s National Assembly President and Speaker of the House of Representatives Wan Muhamad Noor Matha in Beijing on Sunday.

    Wang, chairman of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), said that in February this year, Chinese President Xi Jinping and Thai Prime Minister Paetongtarn Shinawatra had reached an important consensus on deepening the building of the China-Thailand community with a shared future, further pointing out the direction for the development of bilateral relations.

    China is willing to work with Thailand to take the celebration of the 50th anniversary of diplomatic ties as an opportunity to carry forward the traditional friendship, consolidate the political, economic and public foundation for the China-Thailand community with a shared future, and bring more benefits to the two peoples, Wang said.

    The CPPCC is ready to contribute to the development of relations between the two countries, Wang added.

    Wan Noor said the friendship between Thailand and China enjoys a long history, and the concept of Thailand and China as one family has been deeply rooted in people’s hearts.

    The Thai side supports the series of global initiatives proposed by President Xi and is willing to strengthen cooperation with China in various fields — including joint Belt and Road construction, economy and trade, and tourism.

    He also said the Thai parliament is willing to enhance exchanges and cooperation with China to promote the common development and prosperity of the two countries.

    MIL OSI China News

  • MIL-OSI China: China-South Asia Expo promotes trade among China, South Asia, Southeast Asia: Vietnamese expert

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

    The China-South Asia Expo promotes trade linkage among China, South Asia and Southeast Asia, especially in green trade and digital trade sectors, Bui Lien Thao, a specialist at the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade, has said.

    “Vietnam treasures win-win cooperation with China in various spheres, including import-export and modern transport infrastructure development,” said Thao in a recent interview with Xinhua.

    Her remarks came as the 9th China-South Asia Expo is being held in Kunming, capital of southwest China’s Yunnan Province, from June 19 to June 24.

    Beyond trade, Thao said Vietnam values China’s role in promoting the resilience and security of regional supply chains amid growing geopolitical uncertainties.

    “Supply chain cooperation with China reduces over-dependence and builds resilience,” she noted.

    Thao also welcomed China’s consistent position on supporting multilateralism and inclusive development.

    “Initiatives like the Regional Comprehensive Economic Partnership and the China-South Asia Expo show a clear commitment to inclusive globalization, in contrast to protectionist trends,” Thao added. 

    MIL OSI China News

  • MIL-OSI China: High-tech exhibits displayed at 9th China-South Asia Expo in Kunming

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

    Robotic arms are displayed during the 9th China-South Asia Expo in Kunming, southwest China’s Yunnan Province, June 22, 2025.

    The 9th China-South Asia Expo opened on Thursday in Kunming, and will last until June 24.

    At the six-day event, high-tech exhibits related to digital economy, artificial intelligence, green energy and low-altitude economy are expected to attract a large number of visitors. (Xinhua/Chen Xinbo)

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    MIL OSI China News

  • MIL-OSI China: Inter leaves it late as Dortmund, Flu hit four

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

    Fluminense, Inter Milan and Borussia Dortmund all recorded crucial wins on Saturday at the FIFA Club World Cup, while River Plate was held to a goalless draw by Monterrey.

    At the MetLife Stadium in New Jersey, Brazil’s Fluminense recovered from 2-1 down to beat South Korean side Ulsan 4-2.

    Bayern Munich’s Konrad Laimer (L) vies with Boca Juniors’ Lautaro Blanco (C) during the group C match between Bayern Munich of Germany and CA Boca Juniors of Argentina at the FIFA Club World Cup 2025 at the Hard Rock Stadium, Miami, the United States, June 20, 2025. (Xinhua/Li Ming)

    Colombian midfielder Jhon Arias opened the scoring for Fluminense with a fizzing 25-yard free-kick but Lee Jin-hyun equalized from a tight angle after Um Won-sang’s cross.

    Lee returned the favor as his pass from the left wing allowed Um to score with a diving header just before halftime.

    Gustavo Nunato levelled with a low finish after intercepting Milosz Trojak’s clearance and Juan Pablo Freytes made it 3-2 by slotting home from the edge of the six-yard box.

    Keno put the result beyond doubt with a looping stoppage-time header following Arias’ cross.

    Fluminense is now top of Group F with four points, ahead of Borussia Dortmund on goal difference. Ulsan is last and has no chance of progressing.

    “We lost our focus at the end of the first half and they made us pay,” Fluminense manager Renato Gaucho told reporters. “We came back with a different attitude in the second half and the win gives us peace of mind. Tomorrow we’ll start thinking about the last match [against Mamelodi Sundowns], which we need to win.”

    In Seattle, Lautaro Martinez and Valentin Carboni scored for Inter Milan as the Italian side rallied late to overcome Japan’s Urawa Red Diamonds 2-1.

    Ryoma Watanabe gave the J1 League outfit an early lead by sweeping home from 10 yards after Takuro Kaneko’s clever run and cross from the right flank.

    It took until the 78th minute for Inter to equalize as Martinez struck with an acrobatic volley following Nicolo Barella’s corner.

    The Serie A club suddenly had the momentum and Carboni gave his side the lead in the 92nd minute by pouncing on a loose ball and drilling a low effort past Shusaku Nishikawa.

    “The result is almost secondary,” Carboni said. “It was difficult out there. They defended in a very compact fashion and we had few opportunities. But We have the three points, and it is important to move on.”

    The victory leaves Inter second in Group E with four points while Urawa is last and cannot qualify for the knockout stage.

    In Cincinnati, Germany’s Borussia Dortmund stayed in contention for a place in the last 16 with a 4-3 win over South African side Mamelodi Sundowns.

    Lucas Ribeiro, Iqraam Rayners and Lebo Mothiba were on target for the Pretoria-based side while Felix Nmecha, Serhou Guirassy and Jobe Bellingham scored for the Bundesliga outfit, which also benefitted from a Khuliso Mudau own goal.

    Borussia Dortmund is now second in Group F with four points, one ahead of third-placed Mamelodi.

    “I was expecting more, to be honest,” Borussia Dortmund boss Niko Kovac said. “We gave the ball away too easily and played too slowly. On the positive side, we scored four goals. We’re satisfied with the result given the difficult conditions. As a top team, you have to aim to score plenty of goals, but you also can’t afford to concede so many. That annoys me, but I try to stay pragmatic.”

    In Saturday’s late match, Argentina’s River Plate drew 0-0 with Mexican side Monterrey at the Rose Bowl in Pasadena.

    River Plate looked more likely to score but could not find a way past Monterrey’s Argentine goalkeeper Esteban Andrada, who made six saves.

    The Buenos Aires outfit finished the match with 10 men after Colombian midfielder Kevin Castano was sent off for a second bookable offense.

    River remains top of Group E with four points, ahead of Inter Milan on goal difference, while Monterrey is third, two points further back.

    MIL OSI China News

  • MIL-OSI New Zealand: Flood of interest to invest in New Zealand

    Source: New Zealand Government

    The Government is attracting new migrants to bring their capital, experience and skills to New Zealand with a flood of formal interest in the new ‘golden’ visa.

    Since only April – less than three months – Immigration New Zealand (INZ) has received 189 applications for the Active Investor Plus visa, significantly more than the 116 applications received over more than two-and-a-half years under previous settings, Economic Growth Minister Nicola Willis says.

    “New applications under the scheme represent a potential $845 million of new investment in New Zealand business.”

    “Attracting investment to New Zealand is crucial to the country’s economic growth. It means Kiwi businesses can expand, hire and grow – and that means more opportunities for New Zealanders.

    “Investor migrants are clearly attracted to New Zealand’s growing reputation as a safe, pro-business, high-potential economy. In a world where countries compete for dollars and talent, it’s great to see New Zealand’s growth prospects being recognised.”

    “New investors don’t just bring their dollars to our shores, they also bring skills, knowledge and experience that will drive future economic development. It’s a win-win.”

    Immigration Minister Erica Stanford says the interest shows investors hear the call loud and clear: New Zealand is open for business.

    “We welcome your capital, your knowledge, and your contribution to New Zealand’s economic growth,” Ms Stanford says.

    “We’re seeing strong momentum from global investors, particularly across Asia and North America. This reflects our growing reputation as a stable, forward-looking destination for investment and innovation.

    “These are smart, flexible and nuanced immigration solutions to help stimulate economic growth.”

    On April 1 the Government changed the Active Investor Plus visa to a simple two-pronged system: the Growth category and the Balanced category.

    Other changes included expanding the scope of acceptable investments and removing potential barriers to investment, such as the English language requirement.

    As at 23 June, 100 applications had been approved in principle, and of those, seven had transferred and invested their funds in New Zealand and had been granted a resident visa. Five of those were invested in the Growth category and two under the Balanced category, totalling a total minimum investment of $45 million.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Ombudsman – Increase in awareness of whistleblowing legislation – latest survey

    Source: Office of the Ombudsman

    Awareness is at an all-time high of the law that allows people to report serious wrongdoing in the workplace and provides protection to whistleblowers.
    Today is World Whistleblowing Day and the Office of the Ombudsman has released an annual poll that shows 36 percent of people know about the Protected Disclosures Act. That’s an increase of 11 percent since 2024.
    Chief Ombudsman John Allen says his office has also seen a significant rise in protected disclosures since the new Protected Disclosures (Protection of Whistleblowers) Act came into force in 2022.
    “This survey reflects what my office is seeing when we are out and about in communities around New Zealand. There is very high interest in the Protected Disclosures Act and how to make a protected disclosure, particularly amongst Māori, Pasifika and Asian communities.
    “People are using this Act more and more. My office has seen more than a 300 percent increase in protected disclosures matters since the amended Act came into force. This may be because the revised Act expands the definition of serious wrongdoing and offers more avenues for reporting and protection.
    “Other factors could include an increase in news coverage of whistleblowing cases and it may be that changes in society have prompted workers to become more aware of their rights and protections.”
    Thirty one percent of those surveyed said they had witnessed serious wrongdoing at work, and of those who had witnessed it 50 percent said they reported it. That’s an increase of nine percent on the previous year in people reporting serious wrongdoing that they had witnessed.
    A solid majority – 84 percent – stated they would report it to their employer if they witnessed serious wrongdoing. However, just under half (48 percent) thought they would be safe to do so. Of those who would not feel safe, an increasing number of people said they were afraid of losing their job (61 percent). Almost half of those who would not feel safe (44 percent) also thought they would face retaliation.
    Almost half of those surveyed (49 percent) said they would feel safer reporting serious wrongdoing if they were assured of anonymity and confidentiality. This demonstrates how important it is for workplaces to have effective processes in place to encourage employees to speak out, protect them from retaliation, and keep their identities confidential.
    The Office of the Ombudsman has released new guidance aimed at businesses and workplaces that receive protected disclosures.

    MIL OSI New Zealand News