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Category: Asia

  • Operation Sindoor outreach: Ravi Shankar Prasad-led delegation receives briefing on India-Denmark relations

    Source: Government of India

    Source: Government of India (4)

    An all-party Indian parliamentary delegation led by senior BJP MP Ravi Shankar Prasad was given a comprehensive briefing on Thursday by Indian Ambassador to Denmark, Manish Prabhat, as part of India’s ongoing diplomatic outreach under Operation Sindoor.

    The briefing focused on the India-Denmark Green Strategic Partnership, shared democratic values, and the global challenge of terrorism.

    “The All-Party Parliamentary Delegation was given a detailed briefing by Ambassador Manish Prabhat on India-Denmark bilateral relations of ‘Green Strategic Partnership’, shared values and issues of mutual concern including the challenge of combating terrorism globally,” the Embassy of India in Copenhagen posted on X.

    The delegation’s visit to Denmark follows a successful leg in Italy, where the group highlighted India’s firm stance against Pakistan-sponsored cross-border terrorism and emphasized the “new normal” policy of zero tolerance.

    During their stay in Copenhagen, the Indian MPs are scheduled to meet with senior Danish leaders, including Deputy Speaker of the Danish Parliament Lars-Christian Brask, Chairman of the Foreign Policy Committee Christian Friis Bach, other sitting Members of Parliament, as well as select former lawmakers, political figures, journalists, and members of the Indian diaspora.

    Earlier on Thursday Ravi Shankar Prasad shared details of the delegation’s engagements with key Italian officials and institutions. “We had enriching interactions with Italy’s Under Secretary of State for Foreign Affairs and International Cooperation, Maria Tripodi, Senator Giulio Tremonti, President and Members of the Committee on Foreign Affairs and European Commission, in the Chamber of Deputies,” he posted on X.

    “We also engaged with prominent think tanks and strategic experts. We shared India’s zero-tolerance approach to terrorism and our resolve to combat it in all forms. Encouragingly, we found a common understanding between India and Italy on the issue of global terrorism. Both nations affirmed their commitment to working together for peace and amity, underscoring the strong relationship between India and Italy,” he added.

    The nine-member delegation includes BJP leaders Daggubati Purandeswari, Ghulam Ali Khatana, and Samik Bhattacharya; Priyanka Chaturvedi of Shiv Sena (UBT); Amar Singh of the Congress; M. Thambidurai of the AIADMK; former Union Minister M.J. Akbar; and former diplomat Pankaj Saran.

    (With inputs from IANS)

    May 30, 2025
  • PM Modi stresses green energy, infrastructure growth and farmer welfare in Bihar

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi, on Friday, underlined the central government’s commitment to building a modern and self-reliant Bihar, with a strong focus on green energy, infrastructure development, and farmer welfare.

    Addressing a gathering in Bihar’s Karakat, PM Modi highlighted the ongoing construction of a solar park in Kajra as a step towards increasing the state’s renewable energy capacity. He said the initiative aligns with the larger national agenda of clean energy transition and reflects the government’s resolve to reduce dependence on fossil fuels.

    Speaking on the benefits of the PM-KUSUM scheme, the Prime Minister said farmers are being empowered to generate additional income through solar energy. He also noted that the use of renewable-powered agricultural feeders is ensuring a reliable power supply to farmlands, contributing to enhanced agricultural productivity. “These efforts have not only improved the quality of life in rural areas but have also ensured greater safety for women,” he added.

    The Prime Minister emphasised that modern infrastructure brings maximum benefits to villages, the poor, farmers, and small industries by linking them to national and international markets. He said that new investments in the state are generating new employment opportunities and propelling economic growth.

    Recalling the Bihar Business Summit held last year, PM Modi noted that several companies had expressed interest in investing in the state. He said the resulting industrial development is helping reduce migration by enabling people to find jobs closer to home. Improved transportation facilities, he added, are allowing farmers to market their produce across wider regions, further boosting the agricultural economy.

    Reiterating the government’s commitment to the welfare of farmers, the Prime Minister said over 75 lakh farmers in Bihar are benefitting from the PM-Kisan Samman Nidhi scheme. He announced the setting up of a Makhana Board in the state and highlighted that Bihar’s Makhana has received a Geographical Indication (GI) tag, which is helping farmers gain better recognition and returns for their produce.

    He also said the Union Budget this year has made provisions for setting up a National Institute for Food Processing in Bihar, which will further support the food processing industry and benefit local farmers.

    In a major announcement, the Prime Minister informed the public that the Union Cabinet has recently approved an increase in the Minimum Support Price (MSP) for 14 Kharif crops, including paddy. He said the decision would ensure better returns for farmers and boost their income during the upcoming crop season.

    The Prime Minister’s address was part of a larger event during which he launched and laid the foundation stone for development projects worth ₹48,500 crore, encompassing infrastructure, energy, transport, and agriculture.

     

    May 30, 2025
  • Sanjay Jha-led delegation meets Islamic leaders in Indonesia, reaffirms India’s zero-tolerance stand against terrorism

    Source: Government of India

    Source: Government of India (4)

    An all-party Indian parliamentary delegation, led by JD-U MP Sanjay Kumar Jha, on Friday met with KH Ulil Abshar Abdalla, Chairman of the Nahdlatul Ulama Executive Board (PBNU), and Kholili Kholil, Committee Member of Nahdlatul Ulama (NU) in Indonesia, the world’s largest Islamic organisation, and sought their support against violence and religious extremism.

    “Honoured to meet KH Ulil Abshar Abdalla, Chairman of the Nahdlatul Ulama Executive Board, and Kholili Kholil, Committee Member of Nahdlatul Ulama – the world’s largest Islamic organisation. Our All-Party Parliamentary Delegation reaffirmed India’s resolute stand against terrorism and sought support in countering religious extremism,” Sanjay Jha posted on X.

    “As nations bound by the values of ‘Bhinneka Tunggal Ika’ (Unity in Diversity), we called for shared voices to champion peace and justice. KH Ulil expressed deep solidarity with India, strongly condemned the Pahalgam attack, and affirmed the need for India and Indonesia to walk together for peace, cooperation, and progress,” the post added.

    Condemning the April 22 Pahalgam terror attack, which claimed the lives of 26 people, KH Ulil said he felt the pain and called for India and Indonesia to walk hand in hand to promote peace and economic development.

    Earlier on Thursday, the delegation interacted with the resident Ambassadors of friendly diplomatic missions of around 20 countries in Indonesia, sharing detailed insights on Operation Sindoor and clearly explaining the role of Pakistan in the gruesome April 22 Pahalgam terror attack.

    They highlighted India’s measured, non-escalatory, and targeted response following the Pahalgam attack.

    Later, the visiting delegation met the leaders of the National Mandate Party (PAN) of Indonesia including Eddy Soeparno, Vice Chairman of PAN and Deputy Speaker of the Indonesian People’s Assembly, and Viva Yoga Mauladi, Vice Chairman of the Party and also Deputy Minister for Transmigration Republic of Indonesia, along with other leaders and Members of Parliament from PAN sharing views on India’s stance on zero tolerance for terrorism.

    The Indian MPs also had meaningful discussions with researchers and scholars of various think tanks and academia in Indonesia.

    The delegation comprises BJP MPs Aparajita Sarangi, Brij Lal, Hemang Joshi, and Pradan Baruah, Trinamool Congress MP Abhishek Banerjee, CPI(M) Rajya Sabha member John Barittas, senior Congress leader Salman Khurshid, and Former Indian Ambassador to France, Mohan Kumar.

    (With inputs from IANS)

    May 30, 2025
  • MIL-OSI Asia-Pac: HA pools resources to strengthen nursing education and cultivate next generation of nursing talent

    Source: Hong Kong Government special administrative region

    HA pools resources to strengthen nursing education and cultivate next generation of nursing talent 
         The HA Nursing School will co-ordinate various nursing training programmes. Students will be able to share the teaching resources and facilities currently available at the four nursing schools, which will help provide a more diversified teaching and training model as well as more flexible clinical placement arrangements. It will also leverage the unique strengths of each school to design programmes and subjects that suit their own characteristics, providing students and teaching staff with more comprehensive training and development opportunities.
     
         Speaking at today’s inauguration ceremony of the HA Nursing School, the Chief Executive of the HA, Dr Tony Ko, reaffirmed the organisation’s commitment to nursing education. He said, “The HA attaches great importance to the professional training and development of nurses. I believe that the HA Nursing School will lead our nursing training programmes to a new level through curriculum innovation and enhanced teaching quality to cultivate competent, compassionate, and patient-centred healthcare professionals who can meet the evolving healthcare needs.”
     
         The Head of the HA Academy, Dr David Sun, said, “We anticipate four major advantages following the integration of the HA’s nursing schools. We will be able to facilitate flexible management and allocation of teaching resources to prepare for providing more nursing education opportunities, offering more continuous learning opportunities for both aspiring nurses and existing nursing staff. The integration will help streamline administrative work by reducing duplicative or unnecessary procedures while further enhancing teaching standards. It will also promote exchanges and collaboration with universities, specialty colleges, the Nursing Council of Hong Kong, and nursing schools worldwide. Furthermore, this will provide students and teaching staff with more diverse opportunities for learning, exchanges, and broadening horizons as well as a more enriching campus life.”
     
         The same day, the HA also held a graduation ceremony for the Professional Diploma in Nursing (PDN) Programme 2025. About 300 graduates from the HA Nursing School completed their 3.5-year training and qualified as registered nurses, ready to join the healthcare workforce.
     
         In his address, the Chief Manager (Nursing) of the HA, Dr Danny Tong, encouraged the graduates to uphold the spirit of people-centred care. He said, “The HA has always been dedicated to nurturing nursing talents. We value not only clinical expertise but also the fostering of their core nursing values. Remember to stay true to your aspirations and serve the community with empathy, professionalism and dedication.”
     
         Three outstanding graduates, Mr Lo Ming Laam (CMC), Miss Zoe Chan (QEH) and Mr Leung Kin Lok (TMH), shared that their learning experiences at the HA Nursing School had been very rewarding. They pointed that the Programme emphasised both theoretical knowledge and practical application, which deepened their understanding of holistic care. They pledged on behalf of all graduates to apply their knowledge and provide high-quality nursing services to patients and the community.
     
         The HA’s 3.5-year full time PDN Programme is currently open for enrollment, offering 300 places. On completion of the PDN Programme, graduates are eligible to apply for registration as a Registered Nurse (General) under the Nursing Council of Hong Kong. The deadline for applications is August 8. For details, please visit the HA’s website
    www.ha.org.hk/visitor/ha_visitor_index.asp?Content_ID=251613&Lang=ENG&Dimension=100Issued at HKT 17:47

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    May 30, 2025
  • Era of broken roads and poor connectivity in Bihar is over, says PM Modi

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Friday underscored the crucial role of security and peace in unlocking Bihar’s development potential, recalling that the state’s journey from the days of ‘Jungle Raj’ to prosperity began under Chief Minister Nitish Kumar’s leadership. Addressing a large public gathering in Bihar, he noted that dilapidated highways, rundown rail networks, and scant air connectivity now belong to the past.

    PM Modi highlighted the transformation of Bihar’s aviation landscape. “Once, Patna was our state’s only airport,” he said. “Today, Darbhanga Airport is fully operational, offering direct flights to Delhi, Mumbai, and Bengaluru.” He further announced that the new terminal at Patna Airport—capable of handling one crore passengers annually—was inaugurated just the previous evening. An additional ₹1,400 crore investment will now be channelled into developing Bihta Airport, he added.

    Turning to roads and bridges, the Prime Minister described the rapid expansion of multi-lane highways. He cited the four-lane corridors from Patna to Buxar and Gaya to Dobhi, as well as the Patna–Ara–Sasaram Greenfield Corridor, which he said is progressing at a “swift pace.” “New bridges over the Ganga, Son, Gandak, and Kosi rivers are not just steel and concrete; they are gateways to opportunity,” Modi remarked, pointing out that these projects—worth several thousand crores—are generating employment for thousands of young people and fueling growth in tourism and trade.

    On railways, PM Modi lauded the introduction of world-class Vande Bharat trains in Bihar and the ongoing doubling and tripling of key lines. “Work is advancing rapidly from Chhapra to Muzaffarpur to Katihar,” he noted, adding that multi-tracking between Son Nagar and Andal will significantly enhance train movement. “Over 100 trains now halt at Sasaram, a testament to our improved connectivity,” he said, while lamenting that previous administrations had exploited recruitment processes, delaying the railway network’s modernization.

    Emphasizing that development is incomplete without reliable power, the Prime Minister drew attention to Bihar’s remarkable growth in electricity consumption—now four times higher than a decade ago. He announced the construction of a major NTPC power plant at Nabinagar, with an outlay of ₹30,000 crore and a capacity of 1,500 megawatts. Projects for new thermal power plants in Buxar and Pirpainti have also been initiated, he added.

    May 30, 2025
  • First women cadets graduate from NDA in historic passing out parade

    Source: Government of India

    Source: Government of India (4)

    In a major step towards gender inclusivity in the Indian Armed Forces, the National Defence Academy (NDA) conducted its 148th Passing Out Parade on Friday, marking a historic milestone as the first batch of women cadets graduated. Held at the NDA campus in Khadakwasla, Pune, the event highlighted the growing role and representation of women in the nation’s military leadership.

    The event was reviewed by General Vijay Kumar Singh (Retd), the Governor of Mizoram and former Chief of the Army Staff (COAS). The ceremony saw attendance from proud families, senior military officials, and dignitaries from across the country.

    Calling it a “significant and historic” occasion, General VK Singh praised the pioneering spirit of the graduating women cadets. “This marks a historic milestone in our collective journey towards inclusivity and empowerment. These women represent ‘Nari Shakti’—not just in women’s development, but in women-led development,” he said.

    The parade signifies a turning point in the NDA’s 75-year history, where for the first time, women will join the ranks of commissioned officers after rigorous training alongside their male counterparts.

    A day earlier, Defence Minister Rajnath Singh commended the increasing role of women in the armed forces while addressing a gathering in Goa at the flag-in ceremony of the Indian Navy sailing vessel INSV Tarini. The event celebrated the return of Lt Commander Dilna K and Lt Commander Roopa, who successfully completed a circumnavigation of the globe in double-handed mode as part of the ‘Navika Sagar Parikrama II’ mission. The duo became the first Indian women to achieve this feat with only two crew members on board.

    The Defence Minister also highlighted the contribution of women during recent military operations, notably Operation Sindoor. “Women pilots and other female soldiers played a crucial role in India’s decisive actions against terrorism in Pakistan and Pakistan-occupied Kashmir,” Singh said.

    Operation Sindoor was launched on May 7 in response to the April 22 terror attack in Pahalgam, which claimed 26 lives and injured many more. The operation targeted terror infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir, resulting in the elimination of over 100 militants affiliated with groups such as Jaish-e-Mohammed, Lashkar-e-Taiba, and Hizbul Mujahideen.

    “From the heights of Siachen to the depths of the ocean, Indian women are serving the nation with distinction. Today, the gates of Sainik Schools are open to girls, and 17 women cadets have graduated from the NDA this month. Their achievements have strengthened the security fabric of our country,” the Defence Minister added.

    (With ANI inputs)

    May 30, 2025
  • MIL-OSI Asia-Pac: 18 persons arrested during anti-illegal worker operations (with photo)

    Source: Hong Kong Government special administrative region

         The Immigration Department (ImmD) mounted a series of territory-wide anti-illegal worker operations codenamed “Contribute”, “Rally” and “Twilight”, on May 26, 28, and yesterday (May 29) respectively. A total of 15 suspected illegal workers and three suspected employers were arrested.

    During the anti-illegal worker operations, ImmD Task Force officers raided 294 target locations including a construction site, residential buildings and restaurants. Fifteen suspected illegal workers and three suspected employers were arrested. The arrested suspected illegal workers comprised 10 men and five women, aged 26 to 67. Among them, seven men and three women were holders of recognisance forms, which prohibit them from taking any employment. In addition, two men and two women were also suspected of using and being in possession of a forged Hong Kong identity card. Three men, aged 29 to 59, were suspected of employing the illegal workers and were also arrested.

    An ImmD spokesman said, “Any person who contravenes a condition of stay in force in respect of him or her shall be guilty of an offence. Also, visitors are not allowed to take employment in Hong Kong, whether paid or unpaid, without the permission of the Director of Immigration. Offenders are liable to prosecution and upon conviction face a maximum fine of $50,000 and up to two years’ imprisonment. Aiders and abettors are also liable to prosecution and penalties.”

    The spokesman warned, “As stipulated in section 38AA of the Immigration Ordinance, an illegal immigrant, a person who is the subject of a removal order or a deportation order, an overstayer or a person who was refused permission to land is prohibited from taking any employment, whether paid or unpaid, or establishing or joining any business. Offenders are liable upon conviction to a maximum fine of $50,000 and up to three years’ imprisonment. As stipulated in section 20(1)(a) of the Immigration Ordinance, the Chief Executive may make a deportation order against an immigrant, prohibiting the immigrant from being in Hong Kong at any time thereafter if the immigrant has been found guilty in Hong Kong of an offence punishable by imprisonment for not less than two years. Under the prevailing laws, it is an offence to use or possess a forged Hong Kong identity card or a Hong Kong identity card related to another person. Offenders are liable to prosecution and upon conviction face a maximum fine of $100,000 and up to 10 years’ imprisonment.”

    The spokesman reiterated that it is a serious offence to employ people who are not lawfully employable. Under the Immigration Ordinance, the maximum penalty for an employer employing a person who is not lawfully employable, i.e. an illegal immigrant, a person who is the subject of a removal order or a deportation order, an overstayer or a person who was refused permission to land, has been significantly increased from a fine of $350,000 and three years’ imprisonment to a fine of $500,000 and 10 years’ imprisonment to reflect the gravity of such offences. The director, manager, secretary, partner, etc, of the company concerned may also bear criminal liability. The High Court has laid down sentencing guidelines that the employer of an illegal worker should be given an immediate custodial sentence.

    According to the court sentencing, employers must take all practicable steps to determine whether a person is lawfully employable prior to employment. Apart from inspecting a prospective employee’s identity card, the employer has the explicit duty to make enquiries regarding the person and ensure that the answers would not cast any reasonable doubt concerning the lawful employability of the person. The court will not accept failure to do so as a defence in proceedings. It is also an offence if an employer fails to inspect the job seeker’s valid travel document if the job seeker does not have a Hong Kong permanent identity card. Offenders are liable upon conviction to a maximum fine of $150,000 and to imprisonment for one year. In that connection, the spokesman would like to remind all employers not to defy the law by employing illegal workers. The ImmD will continue to take resolute enforcement action to combat such offences.

    Under the existing mechanism, the ImmD will, as a standard procedure, conduct an initial screening of vulnerable persons, including illegal workers, illegal immigrants, sex workers and foreign domestic helpers, who are arrested during any operation with a view to ascertaining whether they are trafficking in persons (TIP) victims. When any TIP indicator is revealed in the initial screening, the ImmD officers will conduct a full debriefing and identification by using a standardised checklist to ascertain the presence of TIP elements, such as threats and coercion in the recruitment phase and the nature of exploitation. Identified TIP victims will be provided with various forms of support and assistance, including urgent intervention, medical services, counselling, shelter or temporary accommodation and other supporting services. The ImmD calls on TIP victims to report crimes to the relevant departments immediately.

    MIL OSI Asia Pacific News –

    May 30, 2025
  • MIL-OSI China: IOMed serves as important legal public good for improving global governance: Chinese FM

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

    The International Organization for Mediation (IOMed) serves as an important legal public good for improving global governance, Chinese Foreign Minister Wang Yi said in Hong Kong on Friday.

    Delivering a speech at the signing ceremony of the Convention on the Establishment of the IOMed, Wang said that as an innovative initiative in the field of international rule of law, IOMed holds significant importance in the history of international relations.

    The establishment of the IOMed embodies the purposes and principles of the United Nations Charter and aims to fill the gap in mechanisms for international mediation, he said.

    The Chinese side expects all signatory countries to ratify the convention as soon as possible and welcomes more countries to actively join, said Wang, who is also a member of the Political Bureau of the Communist Party of China Central Committee.

    MIL OSI China News –

    May 30, 2025
  • France may toughen stance on Israel if it continues blocking Gaza aid, Macron says

    Source: Government of India

    Source: Government of India (4)

    France could harden its position on Israel if it continues to block humanitarian aid to Gaza, French President Emmanuel Macron said on Friday, reiterating that Paris was committed to a two-state solution to resolve the Israel-Palestinian conflict.

    “The humanitarian blockade is creating a situation that is untenable on the ground,” Macron said at a joint press conference in Singapore with Prime Minister Lawrence Wong.

    “And so, if there is no response that meets the humanitarian situation in the coming hours and days, obviously, we will have to toughen our collective position,” Macron said, adding that France may consider applying sanctions against Israeli settlers.

    “But I still hope that the government of Israel will change its stance and that we will finally have a humanitarian response”.

    Israeli Prime Minister Benjamin Netanyahu’s government has hit back at growing international pressure over the war in Gaza, the deadliest fighting in decades of conflict between Israel and the Palestinians.

    Macron was in Singapore on a state visit and he will also deliver the keynote address at the Shangri-La Dialogue, Asia’s premier security forum, which runs this year from May 30-June 1.

    Deep differences between Palestinian militant group Hamas and Israel have stymied previous attempts to restore a ceasefire that broke down in March.

    Under growing international pressure, Israel partially ended an 11-week long aid blockade on Gaza 10 days ago. It has allowed a limited amount of relief to be delivered via two avenues – the United Nations or the U.S.-backed Gaza Humanitarian Foundation.

    The French president said Paris is committed to working towards a political solution and reiterated his support for a two-state solution to the Israel-Palestinian conflict.

    Macron is leaning towards recognising a Palestinian state, diplomats and experts say, a move that could infuriate Israel and deepen Western splits.

    French officials are weighing up the move ahead of a United Nations conference, which France and Saudi Arabia are co-hosting between June 17-20, to lay out the parameters for a roadmap to a Palestinian state, while ensuring Israel’s security.

    Israel launched its campaign in Gaza in response to a Hamas attack in its south on October 7, 2023, that killed some 1,200 people and saw 251 Israelis taken hostage into Gaza, according to Israeli tallies.

    The war since then has killed around 54,000 Palestinians, Palestinian health authorities say, more than in any other of the countless rounds of fighting between the two sides.

    (Reuters)

    May 30, 2025
  • PM Modi meets IPL star Vaibhav Suryavanshi and his parents in Patna

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Friday met 14-year-old cricket prodigy Vaibhav Suryavanshi and his parents at Patna Airport during his two-day visit to Bihar. The meeting took place shortly before the Prime Minister departed for a major public event in Bikramganj, where he is scheduled to inaugurate infrastructure projects worth ₹48,500 crore.

    In a post on X, PM Modi said, “At Patna airport, met the young cricketing sensation Vaibhav Suryavanshi and his family. His cricketing skills are being admired all over the nation! My best wishes to him for his future endeavours.”

    Suryavanshi, who has captured the nation’s attention during the IPL 2025 season, became the youngest player to score a century in the tournament’s history. He was signed by Rajasthan Royals for ₹1.1 crore in the last auction and has scored 252 runs in seven matches, including a record-breaking 35-ball century and a half-century.

    His recent performances have earned him a spot in India’s U19 squad for the England tour scheduled from June 24 to July 23. The tour includes a 50-over warm-up match, five Youth ODIs, and two multi-day matches against England U19.

    Earlier this month, during the inauguration of the Khelo India Youth Games 2025 in Bihar, PM Modi had praised the youngster’s extraordinary achievements. “We have seen the outstanding performance of the son of Bihar, Vaibhav Suryavanshi, in the IPL,” the Prime Minister had said. “Behind his success lies not just talent, but tireless hard work and constant exposure at different levels of the game.”

    Suryavanshi’s cricket journey has been historic. He made his first-class debut for Bihar at just 12 years and 284 days and scored a half-century in the Vijay Hazare Trophy. On the international stage, he holds the record for the fastest youth Test century by an Indian, a 58-ball ton against Australia, and was instrumental in India’s campaign in the ACC U19 Asia Cup.

    The young cricketer’s rise has been hailed as one of Indian cricket’s most remarkable stories in recent times, and his meeting with the Prime Minister is seen as both a recognition of his early success and encouragement for the road ahead.

    -IANS

    May 30, 2025
  • MIL-OSI Asia-Pac: HKMA warns public of fraudulent social media accounts impersonating HKMA Chief Executive

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:

    ​The Hong Kong Monetary Authority (HKMA) today (May 30) urged members of the public to be vigilant against fraudulent social media accounts impersonating the Chief Executive of the HKMA, Mr Eddie Yue. The HKMA clarified that its latest news and work priorities are only disseminated through official channels, including the official website and social media accounts (for details, please visit www.hkma.gov.hk). Any other personal social media accounts or pages claiming to represent the HKMA Chief Executive are fake.

    The public should disregard any information disseminated on suspicious websites, social media accounts or pages.

    The incident has been reported to the Police for follow up.

    MIL OSI Asia Pacific News –

    May 30, 2025
  • Our armed forces turned terror hideouts into ruins: PM Modi on Operation Sindoor

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi, during his visit to Karakat in Bihar on Friday, laid the foundation stone and dedicated multiple development projects worth over ₹48,520 crore, marking a major step towards boosting infrastructure and economic progress in the state.

    Addressing a large gathering, the Prime Minister said he felt honoured to accelerate Bihar’s development from its sacred soil. He expressed heartfelt gratitude to the people of the state for their continued support, especially acknowledging the presence and blessings of thousands of women in the audience. “The affection and trust shown by the people of Bihar, particularly our mothers and sisters, is a great source of strength,” he said.

    During his address, Prime Minister Modi referred to the recent terrorist attack in Pahalgam that claimed several innocent lives. Recalling his earlier visit to Bihar in the aftermath of the attack, he said he had promised the nation that the perpetrators would be brought to justice. “Today, I stand before you having fulfilled that pledge. Our armed forces turned the hideouts of those who conspired from across the border into rubble,” he stated.

    The Prime Minister underlined that the swift and decisive response by India’s forces had sent a strong message to the world. “This is the new India. The world has seen the power of the sindoor of our daughters. The terrorists, once emboldened by protection across the border, now cower in fear,” he added, referring to the military action termed Operation Sindoor.

    Describing the operation as a testament to India’s growing strength and resolve, PM Modi said the country’s military struck key enemy positions, including airbases and military installations, within minutes. “This is the India of resilience, courage and swift action,” he asserted.

    Paying tribute to Bihar’s legacy of bravery, the Prime Minister invoked the memory of Veer Kunwar Singh and noted the substantial contribution of the state’s youth to the Indian Army and Border Security Force (BSF). He praised the BSF’s valour during Operation Sindoor and described them as an unbreakable shield protecting India’s borders.

    PM Modi also honoured BSF Sub-Inspector Imtiaz, a native of Bihar, who was martyred in the line of duty on May 10. “The sacrifice of Bihar’s brave son will always be remembered,” he said.

    Reiterating his earlier statement from Bihar, the Prime Minister said that Operation Sindoor was just a glimpse of India’s capabilities. “This was only one arrow from our quiver,” he declared, reinforcing the message of a strong and assertive India.

    May 30, 2025
  • MIL-OSI United Kingdom: A like-minded partnership on Cyber and Capability Collaboration

    Source: United Kingdom – Executive Government & Departments

    News story

    A like-minded partnership on Cyber and Capability Collaboration

    As we face complex technological challenges, sharing knowledge and expertise with our allies is essential to safeguard our mutual interests and strengthen our national security.

    The UK and Japan continue to deepen their strategic collaboration in cyber, working together to uphold a free, open, and secure digital world. From joint cyber exercises to the responsible use of cyber power, this like-minded partnership strengthens resilience and sets the global example of trusted cooperation in the cyber domain.

    DSEI Japan – Last week, Strategic Command was proud to lead the MOD presence at DSEI Japan in support of UK Defence and Security Exports (UKDSE) and Minister for Defence Procurement and Industry (Min(DPI)), the Rt Hon Maria Eagle MP.

    DSEI Japan is Asia’s only integrated Defence and Security Expo and, to some extent emulates the long-running UK model. As a forum, and in terms of its wider international importance, it is growing exponentially. This year DSEI Japan involved over 100 countries and delegations and over 300 exhibitors. For the first time DSEI Japan featured a keynote address from the Japanese Prime Minister, Shigeru Ishiba.

    The MOD delegation was in Japan to support UKDSE and the UK’s wider prosperity agenda, as well as supporting outreach on behalf of UK industry and Small and Medium-sized enterprises. Presentations at the MOD stand focussed on driving innovation, the Cyber & Electromagnetic (Cyber & EM) Domain and Global Strategic Trends 7.

    Working Together in Cyberspace

    Our involvement in DSEI was preceded by a joint UK-Japan cyber seminar at the British Embassy in Tokyo. The event signalled the next stage in the maturing of our bilateral co-operation across the Cyber Domain.

    HMA Julia Longbottom and Lt Gen Tom Copinger-Symes led the seminar with approximately 100 invited guests from across the Japanese MOD, and related think-tanks and media.  

    Japan is embracing the concept of Active Cyber Defence. Considerable resources and effort are being put into understanding the Cyber Threat and the whole of society response that is needed to maintain cyber security. New legislation has pushed the boundaries of Japan’s approach to Cyber providing new means for the Japanese MOD to protect citizens and continue to defend Japanese networks.

    The Active Cyber Defence legislation provides Japan with the legal permissions to – having been blocked by the constitution for over 70 years – intercept communications data for the purposes of cyber security and, in severe situations, to deliver offensive cyber operations. It also enables reforms to Japan’s cyber structures and public-private partnership mechanisms. The adoption of the Active Cyber Defence legislation is a significant milestone, as it meant flexing the boundaries of Japan’s constitution and long-standing political conventions.

    There is much both the UK and Japan can do to learn from each other, both in terms of training and supporting our people, but also operating differently to address cross-cutting threats to our ways of living, which demand and need whole of society responses. The UK’s Cyber Primer provides one model for how this can be done.

    Lt Gen Tom Copinger-Symes followed his presentation by giving a pooled interview to the Japanese media, during which he complimented the Japanese Government and MOD on the novel and far-sighted nature of their reforms. Calling it a foundation for “genuinely strong cooperation”, he reaffirmed the UK’s commitment to working with Japan and other partners to address threats.

    With reference to the recent, and ground-breaking legislation on Active Cyber Defence, HMA Tokyo, Julia Longbottom, said

    … we often say cyber is a team sport, but I’d go one step further and call it an international team sport relying on us all to play our part. So, it is only right that we commend that team. From the Japanese politicians, officials and experts who have been involved in the development of the legislation. To like-minded partners, industry and my own team for their tireless work to share lessons and learn from Japan’s transformational reforms.

    Deepening our Strategic Collaboration

    The MOD presence also served to highlight the continued importance attached to Global Combat Air Programme (GCAP) and the close working partnership we enjoy with Japan and Italy, as partners in the development of this sixth-generation capability. Detailed conversations with our Japanese partners also emphasised the importance of the digital enablement of GCAP, including the overarching digital backbone and related architecture.

    In her keynote address, Min(DPI) emphasised the importance of the UK and Japan working together as trusted partners. Similarly, in her interview with Nikkei, she reinforced the importance of international collaboration by necessity, and the benefits of like-minded partners working increasingly together. The need to work differently with industry, particularly in the newer domains of Cyber & EM was also brought to the fore by Lt Gen Tom Copinger-Symes – here.

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    Published 30 May 2025

    MIL OSI United Kingdom –

    May 30, 2025
  • MIL-OSI Russia: Mikhail Mishutin held a meeting on the situation in the coal industry

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    M. Mishustin: “This is one of the basic industries that ensures the stable operation of the most important sectors of the economy, including metallurgy, electric power, and housing and utilities. It also participates in solving social problems.”

    Opening remarks by Mikhail Mishustin:

    Good afternoon, dear colleagues!

    Opening remarks by Mikhail Mishustin at a meeting on the situation in the coal industry

    11 hours ago

    Today we will discuss the situation in the coal industry. This is one of the basic industries that ensures the stable operation of the most important sectors of the economy, including metallurgy, electric power and housing and utilities. It also participates in solving social problems.

    In this area, Russia is one of the three largest exporters. This means that incentives are being created for the development of transport infrastructure, primarily railways. The main sales markets here are China, India, Turkey and Korea, as well as other countries in Southeast Asia and Africa.

    On the instructions of the President, the Government has implemented a number of measures to support the industry. In particular, an agreement was concluded between Russian Railways and the Kemerovo Region on the guaranteed export of significant volumes of coal in the eastern direction. The share of innovative rolling stock has been increased. Rates for wagon operators and for transshipment in ports have been reduced. An end-to-end transportation technology has been introduced, which has made it possible to reduce delivery time from Kuzbass to southern ports by almost half, which significantly reduces companies’ transportation costs.

    Participants of the meeting

    List of participants of the meeting on the situation in the coal industry

    The federal budget financed measures to restructure the coal industry. The funds were used to resettle citizens, as well as for social support for employees dismissed due to the liquidation of organizations, for additional pension provision, technical and other purposes.

    A program is being implemented to further improve working conditions, increase the safety of mining operations and, of course, reduce accidents and injuries.

    Mikhail Mishutin held a meeting on the situation in the coal industry

    May 30, 2025

    Mikhail Mishutin held a meeting on the situation in the coal industry

    May 30, 2025

    Previous news Next news

    Mikhail Mishutin held a meeting on the situation in the coal industry

    The corresponding infrastructure is also being developed. Operation of the Pacific Railway has begun, construction of the ports of Elga and Lavna is underway. Coal mining centers are being created in the east of the country with favorable mining and geological occurrence of raw materials. And a shorter transportation shoulder to the main sales markets.

    New technologies and modern equipment are also being actively introduced. This allows for a significant increase in extraction efficiency and productivity. If in Soviet times about one and a half million people worked in the industry, then according to the results of last year – only slightly more than 150 thousand. At the same time, the volume of extracted raw materials exceeded the values of the last years of the USSR by almost fifteen million tons.

    It is obvious that the innovative potential of the coal industry is far from exhausted. Enterprises are engaged in the implementation of three-dimensional modeling technologies, optimization of mine equipment, coal extraction, including at low-power seams.

    In recent years, the industry has faced new serious challenges. World prices for all types of such fuel have fallen sharply. This year, unfortunately, the situation continues to worsen. In the first four months, export prices have fallen by almost a quarter. The situation is also complicated by the high debt load of companies. Significant expenses are required to maintain current operations, ensure industrial safety, labor protection and the environment.

    A whole series of measures have been developed to level the situation. It is necessary to help promising organizations that are experiencing temporary difficulties.

    In agreement with the President, I gave the corresponding instructions to the Minister of Finance Anton Germanovich Siluanov, the Minister of Energy Sergey Evgenievich Tsivilev, and the head of Russian Railways Oleg Valentinovich Belozerov. They visited the Kemerovo Region, discussed the most pressing issues with the management and employees of coal enterprises, and presented me with a number of proposals. Now we will discuss all of this in detail and report to the President.

    We hope that this will allow us to make all the necessary decisions to balance the situation.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

    May 30, 2025
  • MIL-OSI United Nations: UN Special Envoy for Road Safety in Djibouti and Kenya to support initiatives to increase road safety

    Source: United Nations Economic Commission for Europe

    The United Nations Secretary-General’s Special Envoy for Road Safety, Jean Todt, will visit Djibouti and Kenya from 27 May to 4 June 2025 to support global and national authorities’ road safety initiatives.  

    The Special Envoy will meet members of the Government as well as representatives of the private and public sectors three months after the Declaration of Marrakesh where Member states further committed to accelerate efforts for achieving the Decade of Action for Road Safety‘s goal of halving the number of the victims on the road by 2030.  

    The Silent pandemic on the road  

    The Special Envoy qualified road crashes as “The Silent Pandemic on the Road”. Indeed, every year, the staggering toll of road-related fatalities globally claims the lives of 1.19 million people, leaving 50 million others with severe injuries. Furthermore, road crashes are the leading cause of death for children and young adults aged 5–29 years.   

    “Africa is the continent proportionately most affected by road crashes. Knowing that these affect the youngest first, beyond the human tragedy this is an economic devastation, sacrificing or invalidating for life the active force of a country. While the vaccine to avoid this carnage on the road exists, I urgently call on everyone to use it”, stressed the Special Envoy. 

    The continent loses annually over 300,000 people through road crashes, even though its countries are witnessing the lowest levels of motorization in the world. Africa has a traffic fatality rate of 19.5 deaths per 100,000 people compared to 16 deaths per 100,000 in Southeast Asia, and 6.5 deaths per 100,000 in Europe.   

    38% of fatalities occur among pedestrians while 43 percent occur among car occupants. Motorized 2-3 wheelers and cyclists account for 7% and 5% of Africa’s traffic deaths respectively. A significant proportion of road fatalities on the continent occur in urban areas.  Furthermore, the ongoing improvement of the quality and coverage of Africa’s roads is likely to increase crashes if it is not accompanied by appropriate road safety measures.   

    Towards enhanced road safety in Djibouti 

    The fatality rate in Djibouti is 23/100,000 inhabitants (WHO 2023). Road safety remains a critical public health and development challenge. As part of his ongoing global advocacy, the Special Envoy will engage national authorities and partners in strengthening road safety efforts. 

    During the mission, Mr. Todt will meet with senior government officials to encourage the implementation of effective road safety legislation, improved enforcement, safer infrastructure, and better post-crash care. Discussions will also focus on the importance of data collection, education campaigns—particularly in schools—and the protection of vulnerable road users such as pedestrians, motorcyclists, and children.  

    Safer roads for economic growth in Kenya   

    The fatality rate in Kenya is estimated at 27.8 per 100,000 inhabitants (WHO, 2023), among the highest in Africa. Despite progress in policy and institutional frameworks, road traffic injuries remain a major public health concern, particularly affecting pedestrians, motorcyclists, and passengers. Kenya’s expanding road network is often challenged by infrastructure gaps, poor road user behavior, and limited enforcement capacity, especially outside major urban centers. 

    According to the National Transport and Safety Authority (NTSA), over 4,000 people lost their lives on Kenyan roads in 2023. Motorcycles—commonly used for short-distance transport (boda-bodas)—are involved in a significant share of crashes, with helmet non-use and overloading being frequent risk factors. This is especially concerning when we know that quality helmets reduce the risk of death by over six times and brain injury by up to 74% (WHO, 2023). 

    Since the last visit by the Special Envoy in 2024, UN Kenya has moved towards more concerted action on road safety. Going forward, UN Kenya will target particular blackspots for accidents and explore how to mobilize road safety ambassadors and Kenyan celebrities in sports to drive awareness on road safety in Kenya.   

    Photo credit: Adobe Stock Images by Eunika Sopotnicka 

    MIL OSI United Nations News –

    May 30, 2025
  • MIL-OSI Asia-Pac: International Reserves and Foreign Currency Liquidity

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:

    The Hong Kong Monetary Authority (HKMA) released today (May 30) the analytical data on the Hong Kong Special Administrative Region’s foreign currency reserves and foreign currency liquidity as at the end of April 2025 (Annex). These data are published monthly in the Template on International Reserves and Foreign Currency Liquidity in accordance with the International Monetary Fund’s Special Data Dissemination Standard (SDDS).
     
    ****
     
    At present, four press releases relating to the Exchange Fund’s data are issued by the HKMA each month. Three of these releases are issued to disseminate monetary data in accordance with the International Monetary Fund’s SDDS. The fourth press release, on the Exchange Fund’s Abridged Balance Sheet and Currency Board Account, is made in accordance with the HKMA’s policy of maintaining a high level of transparency. For the month of May 2025, the scheduled dates for issuing the press releases are as follows:
     

    May 8
    (Issued)
    SDDS International Reserves
    (Hong Kong’s Latest Foreign Currency Reserve Assets Figures)
    May 14
    (Issued)
    SDDS Analytical Accounts of the Central Bank
     (Analytical Accounts of the Exchange Fund)
    May 30 SDDS Template on International Reserves and
    Foreign Currency Liquidity
    May 30 Exchange Fund Abridged Balance Sheet and
    Currency Board Account

    MIL OSI Asia Pacific News –

    May 30, 2025
  • MIL-OSI Asia-Pac: SFST meets Canadian officials

    Source: Hong Kong Information Services

    Secretary for Financial Services & the Treasury Christopher Hui met financial officials in Ottawa on Wednesday and business representatives in Vancouver yesterday, as he continued a five-day visit to Canada.

    Mr Hui met Canadian Deputy Minister of Finance Chris Forbes on Wednesday. They discussed the challenges posed by unilateralism and protectionism, and how Hong Kong and Canada might collaborate to achieve mutual benefits in areas such as the gold market and virtual assets.

    Mr Hui told Mr Forbes that as global economic gravity continues to shift eastwards, Hong Kong has been exploring new growth areas and expanding international co-operation. He said this includes efforts by a working group to promote gold market development.

    In a meeting with Canada’s Superintendent of Financial Institutions Peter Routledge, Mr Hui spoke of Hong Kong’s perseverance in upholding a robust regulatory regime across different financial institutions and financial products.

    Mr Routledge praised Hong Kong for its advanced development in the area of digital assets, stating that it sets an example for other regions.

    Mr Hui then met Senator Woo Yuen-pau at Parliament Hill and brief hum on Hong Kong’s effort in maintaining its status as an international financial centre through various measures.

    He mentioned the recent affirmations of Hong Kong’s credit ratings by Fitch, S&P and Moody’s, adding that these fully demonstrate Hong Kong’s resilience in maintaining stability amid increasing global economic and financial uncertainties.

    During his short stay in Ottawa, Mr Hui also paid a courtesy call to China’s Ambassador to Canada Wang Di.

    Mr Wang said Hong Kong has its own distinctive advantages which can enable it to be a bridgehead in driving closer ties between China and Canada in addition to fostering direct co-operation between Hong Kong and Canada.

    In Vancouver yesterday, Mr Hui met Fraser Institute Board Chair Mark Scott and some other prominent business figures to update them on Hong Kong’s financial development.

    Mr Hui welcomed the think-tank’s ranking of Hong Kong as the world’s freest economies in its Economic Freedom of the World 2024 Annual Report.

    Later, he spoke at a business lunch hosted by the Hong Kong-Canada Business Association (Vancouver Chapter), and participated in a fireside chat.

    Mr Hui then met representatives of the Canadian Imperial Bank of Commerce and briefed them on development in areas such as wealth management and digital assets in Hong Kong.

    The day concluded with a business networking reception and seminar organised by Invest Hong Kong (Canada).

    Addressing the audience, Mr Hui highlighted the Government’s dedication to integrate Web3 innovations into the real economy by introducing a licensing regime for fiat-referenced stablecoin issuers, and to foster the development of Web3 and digital assets.

    He also mentioned Hong Kong’s determination to expand the financial value chain to sustain the world-class status of its financial markets. Two forward-looking moves are to build an international gold trading market and create a commodity trading ecosystem in Hong Kong, he said.

    Mr Hui added that, with Canada enjoying a prominent position in the global gold market and the Toronto Stock Exchange being the world’s pre-eminent stock exchange for mining companies, co-operation between Hong Kong and Canada can establish an East-West financial corridor for the world.

    MIL OSI Asia Pacific News –

    May 30, 2025
  • France to ban smoking at beaches, parks and outside schools to protect children

    Source: Government of India

    Source: Government of India (4)

    France will ban smoking on beaches, in parks, outside schools and in other locations to protect children, France’s health and families minister said.

    The ban will come into effect in July, Catherine Vautrin said in an interview with the Ouest France newspaper late on Thursday. It will exempt cafe terraces and will not apply to electronic cigarettes.

    “Where there are children, tobacco must disappear,” Vautrin said. “From July 1, beaches, public parks and gardens, school areas, bus shelters, and sports facilities will be smoke-free throughout France. Smoking will therefore be prohibited there, to protect our children.”

    Vautrin said smoking kills around 200 people every day in France.

    Smoking in France is at historic lows, according to a report published this month by the French Observatory for Drugs and Addictive Trends. It found that just under a quarter of people aged 18-75 smoked daily, the lowest since it began keeping records in the late 1990s.

    The UK announced a similar smoking ban last year.

    (Reuters)

    May 30, 2025
  • MIL-OSI China: China, Japan make substantive progress in talks on Japanese aquatic products

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

    China and Japan held a new round of technical talks in Beijing on Wednesday over the safety of Japanese aquatic products, with the two sides achieving “substantive progress,” according to China’s top customs authority.

    Initiated at Japan’s request, the talks marked the latest step in a series of technical exchanges this year, the General Administration of Customs said Friday. 

    MIL OSI China News –

    May 30, 2025
  • MIL-OSI China: Taishan-based food company sees overseas growth via market adaptation

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

    Xinli Food (Truly Food), a company based in Taishan, southern China’s Guangdong province, is leveraging cultural adaptation, data analysis, and other strategies to expand its presence in international markets. 

    Automated production line at Xinli Food’s manufacturing facility [Photo provided to China.org.cn]

    Specializing in sauces and canned foods for both Chinese and Western cuisine, the company is introducing traditional Taishan products such as shrimp paste to consumers overseas.

    By using big data to analyze market trends and consumer preferences, the company has accelerated product development and improved marketing outcomes. The company has also established teams to monitor international policy changes, ensuring compliance and reducing business risks. A multi-platform content strategy has enhanced its brand visibility and customer engagement abroad. Currently, overseas sales account for 30% of Xinli’s total revenue.

    Shrimp paste produced by Xinli Food [Photo provided to China.org.cn]

    “In different regions, consumer habits and preferences vary significantly,” said Huang Xiuci, manager at Xinli Food. “For markets like Southeast Asia, we have localized product packaging to suit local usage habits, and promoted them through both online content and in-store tasting sessions.”

    Based on consumer feedback, Xinli has shifted from a passive sales approach to a model that incorporates market input into product design. Looking ahead, the company plans to further expand into South America and emerging markets within the Regional Comprehensive Economic Partnership (RCEP) by making use of Taishan’s overseas Chinese networks.

    MIL OSI China News –

    May 30, 2025
  • India working towards becoming food bank of the world: Shivraj Singh

    Source: Government of India

    Source: Government of India (4)

    India is working towards becoming the “food bank of the world” under the leadership of Prime Minister Narendra Modi, Union Agriculture Minister Shivraj Singh Chouhan said on Thursday.

    He was speaking at the launch of the Viksit Krishi Sankalp Abhiyan at the Odisha University of Agriculture and Technology (OUAT) in Bhubaneswar.

    The nationwide campaign, launched by the Ministry of Agriculture and Farmers Welfare in collaboration with the Indian Council of Agricultural Research (ICAR), will run from May 29 to June 12. As part of the initiative, agricultural scientists will visit villages across over 700 districts to engage with farmers and offer scientific advice aimed at transforming agriculture and securing India’s food future.

    “The farmers of India are not just Annadata (food providers), they are Jeevandata (life providers). Our goal is to empower them to feed not only 145 crore Indians but also export food grains and vegetables across the globe,” said Chouhan. He emphasized that the government is committed to making India self-reliant in agriculture through innovation, technology, and grassroots participation.

    Chouhan highlighted that government schemes like the Pradhan Mantri Fasal Bima Yojana have been launched to provide compensation for crops affected by climate change. The central government is also providing an interest subsidy up to 4 per cent on agricultural loans through Kisan Credit Cards.

    The Union Minister will travel across 20 states during the 15-day campaign to mobilize support and engagement. He also urged farmers in Odisha to actively participate in the initiative, noting that over 16,000 agricultural scientists are being connected with farmers as part of the campaign.

    Odisha Chief Minister Mohan Charan Majhi expressed pride that the campaign is being launched from the state.

    Also present at the event were Odisha Deputy Chief Minister and Agriculture Minister Kanak Vardhan Singh Deo, senior agriculture department officials, and leading agricultural scientists.

    May 30, 2025
  • US proposes 60-day ceasefire for Gaza; hostage-prisoner swap, plan shows

    Source: Government of India

    Source: Government of India (2)

    U.S. plan for Gaza seen by Reuters on Friday proposes a 60-day ceasefire and the release of 28 Israeli hostages alive and dead in the first week, in exchange for the release of 1,236 Palestinian prisoners and the remains of 180 dead Palestinians.

    The document, which says the plan is guaranteed by U.S. President Donald Trump and mediators Egypt and Qatar, includes sending humanitarian aid to Gaza as soon as Hamas signs off on the ceasefire agreement.

    The aid will be delivered by the United Nations, the Red Crescent and other agreed channels.

    On Thursday, the White House said Israel had agreed to the U.S. ceasefire proposal.

    Israeli media said Prime Minister Benjamin Netanyahu told the families of hostages held in Gaza that Israel had accepted the deal presented by President Trump’s Middle East envoy Steve Witkoff.

    The Palestinian militant group Hamas told Reuters it was reviewing the plan and would respond on Friday or Saturday.

    The U.S. plan provides for Hamas to release the last 30 of the 58 remaining Israeli hostages once a permanent ceasefire is in place. Israel will also cease all military operations in Gaza as soon as the truce takes effect, it shows.

    The Israeli army will also redeploy its troops in stages.

    Deep differences between Hamas and Israel have stymied previous attempts to restore a ceasefire that broke down in March.

    Israel has insisted that Hamas disarm completely, be dismantled as a military and governing force and return all 58 hostages still held in Gaza before it will agree to end the war.

    Hamas has rejected the demand to give up its weapons and says Israel must pull its troops out of Gaza and commit to ending the war.

    Israel launched its campaign in Gaza in response to the Hamas attack in its south on October 7, 2023, that killed some 1,200 people and saw 251 Israelis taken hostage into Gaza, according to Israeli tallies.

    The subsequent Israeli military campaign has killed more than 54,000 Palestinians, Gaza health officials say, and left the enclave in ruins.

    MOUNTING PRESSURE

    Israel has come under increasing international pressure, with many European countries usually reluctant to criticise it openly demanding an end to the war and a major relief effort.

    Witkoff told reporters on Wednesday that Washington was close to “sending out a new term sheet” about a ceasefire by the two sides in the conflict.

    “I have some very good feelings about getting to a long-term resolution, temporary ceasefire and a long-term resolution, a peaceful resolution, of that conflict,” Witkoff said at the time.

    The 60-day ceasefire, according to the plan, may be extended if negotiations for a permanent ceasefire are not concluded within the set period.

    Senior Hamas official Sami Abu Zuhri said on Thursday the terms of the proposal echoed Israel’s position and did not contain commitments to end the war, withdraw Israeli troops or admit aid as Hamas has demanded.

    The Gaza Humanitarian Foundation, a private group backed by the United States and endorsed by Israel, expanded its aid distribution to a third site in Gaza on Thursday.

    Heavily criticised by the United Nations and other aid groups as inadequate and flawed, the group began its operation this week in Gaza, where the U.N. has said 2 million people are at risk of famine after Israel’s 11-week blockade on aid entering the enclave.

    The launch was marred by tumultuous scenes on Tuesday as thousands of Palestinians rushed to distribution points and forced private security contractors to retreat.

    The chaotic start to the operation has raised international pressure on Israel to get more food in and halt the fighting in Gaza. GHF has so far supplied about 1.8 million meals and plans to open more sites in coming weeks.

    (Reuters)

    May 30, 2025
  • MIL-OSI Asia-Pac: Speech by SJ at Global Forum on International Mediation (English only)

    Source: Hong Kong Government special administrative region

         Following are the welcoming remarks by the Secretary for Justice, Mr Paul Lam, SC, at the Global Forum on International Mediation today (May 30):
     
    Your Excellencies, distinguished guests, ladies and gentlemen,
     
         It is with great pleasure that I welcome you all to the inaugural Global Forum on International Mediation.
     
         This morning, altogether 32 state parties including China signed the Convention on the Establishment of the International Organization for Mediation. This is undoubtedly a historic event since the International Organization for Mediation (IOMed) will be the first international intergovernmental organisation devoted to the use of mediation in resolving international disputes. We all hope that the Convention will enter into force as soon as practicable.
     
         While the Convention has already set out the framework and the essential terms concerning the operation of the IOMed, the state parties would need to consider and agree on further details to ensure the smooth operation of the Convention. To ensure and attract more state parties’ support and participation, it is also necessary to raise people’s awareness of mediation as a means of resolving international disputes and to enhance the capacity to use it in practice. In these circumstances, it is most pertinent to hold this Global Forum on International Mediation immediately after the signing ceremony of the Convention.
     
         The IOMed will provide mediation services for the settlement of the following three types of international disputes: disputes between states, disputes between a state and a national of another state and international commercial disputes between private entities. This afternoon, we are extremely honoured and privileged to have a distinguished panel of moderators and speakers, who will share their views in two panels: the first one will focus on mediation of disputes among states, whereas the second session will focus on mediation of international investment and commercial disputes. Our distinguished moderators and speakers consist of leaders or former leaders of state parties, as well as from international organisations and multilateral development banks; and also experts and other key stakeholders in international mediation.
     
         To set the scene, I would like to highlight the significance of mediation in resolving international disputes and the important role that Hong Kong will play in the operation of the IOMed.
     
         Put simply, mediation is a process whereby the parties in dispute attempt to reach a mutually acceptable and amicable settlement of their dispute on a voluntary basis with the assistance of a third party who may facilitate a solution between the parties to the dispute but without the power to impose it upon the parties. As compared to traditional means of resolving international disputes such as litigation or arbitration, mediation is clearly more forward-looking, constructive and conducive to repairing the relationship between the two sides.
     
         It is well-known that peaceful settlement of international disputes is one of the most fundamental principles of international law and international relations. The use of mediation as a means to settle international disputes peacefully is expressly mentioned in Article 33 of the Charter of the United Nations, and also the Declaration on Principles of International Law concerning Friendly Relations and Cooperation among States in accordance with the Charter of the United Nations passed by the United Nations General Assembly in 1970.
     
         The United Nations General Assembly has passed altogether four resolutions on “Strengthening the role of mediation in the peaceful settlement of disputes, conflict prevention and resolution” on June 22, 2011, September 13, 2012, July 31, 2014, and September 9, 2016, respectively. In the most recent one dated September 9, 2016, the UN General Assembly recognised mediation as an efficient and cost-effective tool in the peaceful settlement of disputes, conflict prevention and resolution, and welcomed its increased use. It acknowledged the importance of mediation in the peaceful settlement of disputes, conflict prevention and resolution and in seeking long-term political solutions for sustaining peace, and recognised that mediation needs to be further and more effectively used.
     
         On the other hand, the role of mediation in resolving international commercial and investment disputes between a state and a foreign national or between private entities from different countries is also well acknowledged and recognised. As early as 1980, the United Nations Commission on International Trade Law (UNCITRAL) developed and adopted the UNCITRAL Mediation Rules, which were subsequently revised in 2021. And more recently, in 2024, UNCITRAL published the Guidelines on Mediation for International Investment Disputes. The United Nations Convention on International Settlement Agreements Resulting from Mediation, which entered into force in September 2020, offered another example of international efforts in promoting mediation.
     
         While mediation may be conducted on an ad hoc basis, there are clear advantages to conducting mediation with institutional supports. Institutional supports may include, for example, guidance on procedural aspects; assistance in communicating with the other party; identification of a pool of mediators and assistance in their selection and appointment; assistance in the logistic aspects of mediation including the organisation of in-person and remote meetings; as well as providing for data protection and cybersecurity measures.
     
         In the circumstances, in order to promote and facilitate the use of mediation to resolve international disputes, it is most desirable to have an intergovernmental organisation devoted to the use of mediation to resolve international disputes. The establishment of the IOMed has filled a glaring omission in the past international dispute resolution system. The Organization will complement the other two intergovernmental organisations specialising in international dispute resolution, namely, the International Court of Justice and the Permanent Court of Arbitration.
     
         The headquarters of the IOMed will be crucial to the implementation of the Convention. It represents the physical presence of the institution, and provides the platform to provide various mediation services. I am extremely grateful that the state parties to the Convention have agreed to establish the headquarters of the IOMed here in Hong Kong, which is a strong vote of confidence in Hong Kong. I would respectfully submit that Hong Kong is indeed an ideal place to host the headquarters of the IOMed.
     
         Hong Kong is a special administrative region of China, which has taken the lead in the establishment of the IOMed. Under the principle of “one country, two systems”, Hong Kong enjoys numerous unique advantages, which put it in the best position to serve as the headquarters of the IOMed. As President Xi Jinping said on December 20, 2024, in Macao at the ceremony celebrating the 25th anniversary of China’s resumption of sovereignty over Macao, the principle of “one country, two systems” embodies the fundamental values of peace, openness, harmony and sharing. These are also the intrinsic values behind the Convention.
     
    Hong Kong is a well-known world-class international financial, trading and shipping centre. Its geographical location, well-developed transportation services and liberal immigration policy ensure that people from around the world may and can come here easily. Hong Kong is also one of the safest and most friendly cities in the world. We offer diversified services in different aspects to suit the needs of people speaking different languages coming from different cultures, religions and countries.
     
         But most importantly in the present context, under the principle of “one country, two systems”, Hong Kong is the only common law jurisdiction in China, and the only bilingual common law jurisdiction using both Chinese and English in the world. We have a strong pool of legal professionals coming from different jurisdictions who specialise and are experienced in international dispute resolutions. The legal system of, and the legal services provided by, Hong Kong are highly international, reputable and efficient. It is undoubtedly an international legal services and dispute resolution services centre.
     
         Hong Kong has been a keen supporter of mediation. The HKSAR Government has formulated a comprehensive set of policy initiatives, which aim at deepening the mediation culture in Hong Kong. For example, the Policy Statement on the Incorporation of Mediation Clauses in Government Contracts was issued in November 2024. As a matter of general policy, the Government will incorporate a mediation clause in all government contracts. By taking the lead, it is hoped that private entities would be encouraged to include mediation clauses in their contracts, thereby deepening our “mediate first” culture.
     
         Turning to capacity building regarding international mediation, since 2018, the Department of Justice has been co-organising with reputable international organisations, almost on a yearly basis, Investment Law and Investor-State Mediator Training in Hong Kong. The Hong Kong International Legal Talents Training Academy under the Department of Justice was set up in November 2024, which may collaborate with the IOMed in organising capacity building programmes on international mediation in future.
     
         Hong Kong is also continuously seeking to foster legal co-operation with other jurisdictions. It is our honour that, in a moment, the Department of Justice of the HKSAR Government will sign a Memorandum of Co-operation with Cambodia.
     
         On this very happy and positive note, I would like to conclude by wishing you all a very fruitful and constructive Forum this afternoon. Thank you very much.
     

    MIL OSI Asia Pacific News –

    May 30, 2025
  • MIL-OSI: UP Fintech Holding Limited Reports Unaudited First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 30, 2025 (GLOBE NEWSWIRE) — UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced its unaudited financial results for the first quarter ended March 31, 2025.

    Mr. Wu Tianhua, Chairman and CEO of UP Fintech stated: “The macro environment remained dynamic in the first quarter, our total revenues reached US$122.6 million, representing an increase of 55.3% year-over-year. Benefiting from our brand strength and continued investment in R&D, both our GAAP and non-GAAP net income saw impressive growth. Net income attributable to ordinary shareholders of UP Fintech was US$30.4 million, up 8.4% quarter over quarter and 146.7% year over year. Non-GAAP net income attributable to ordinary shareholders of UP Fintech reached US$36.0 million, an increase of 18.3% sequentially and 145.0% from the same period last year.

    In the first quarter, we added 60,900 new customers with deposits, already achieving 40% of our yearly guidance of 150,000 new customers with deposits for 2025, and bringing our total number of customers with deposits at the end of the first quarter to 1,152,900, a 23.5% increase compared to the same quarter last year. Asset inflow remained strong, we saw net asset inflow of US$3.4 billion in the first quarter, of which the majority comes from retail users, combining with a US$776 million mark to market gain, led total account balance rose by 9.9% quarter over quarter and 39.5% year over year to US$45.9 billion, setting another historic high. We also achieved notable growth in Hong Kong, the average net asset inflows of new funded clients in Hong Kong during the first quarter were above US$30,000.

    In the first quarter, we continued to roll out new features aimed at enhancing the user experience across our platform. In Hong Kong, we introduced additional functionality on top of its existing virtual asset trading service. Retail investors can now deposit and withdraw cryptocurrency, such as Bitcoin and Ethereum, while professional investors are also able to deposit and withdraw USDT. Additionally, Tiger Brokers Hong Kong recently launched Delivery Versus Payment (DVP) functionality, which strengthens our ability to serve institutional and high-net-worth clients. We also introduced equity repo services to further enhance our securities lending and treasury management capabilities. In addition, we remain committed to improving our Tiger AI offering based on user feedback. It now supports portfolio and watchlist analysis, allowing users to more effectively identify investment opportunities, receive risk alerts on their holdings, and access actionable strategy suggestions.

    In our Corporate business, we underwrote 4 Hong Kong IPOs in the first quarter, including “Chifeng Gold” and “Nanshan Aluminum”, and acted as distributor for “Mixue Group”, the largest Hong Kong IPO in the first quarter. In our ESOP business, we added 20 new clients in the first quarter, bringing the total number of ESOP clients served to 633 as of March 31, 2025.”

    Financial Highlights for First Quarter 2025

    • Total revenues were US$122.6 million, an increase of 55.3% year-over-year and a decrease of 1.2% quarter-over-quarter.
    • Total net revenues were US$107.6 million, an increase of 67.7% year-over-year and an increase of 0.2% quarter-over-quarter.
    • Net income attributable to ordinary shareholders of UP Fintech was US$30.4 million compared to a net income of US$12.3 million in the same quarter of last year.
    • Non-GAAP net income attributable to ordinary shareholders of UP Fintech was US$36.0 million, compared to a non-GAAP net income of US$14.7 million in the same quarter of last year. A reconciliation of non-GAAP financial metrics to the most comparable GAAP metrics is set forth below.

    Operating Highlights for First Quarter 2025

    • Total account balance increased 39.5% year-over-year to US$45.9 billion.
    • Total margin financing and securities lending balance increased 89.4% year-over-year to US$5.2 billion.
    • Total number of customers with deposit increased 23.5% year-over-year to 1,152,900.

    Selected Operating Data for First Quarter 2025

        As of and for the three months ended
        March 31,     December 31,     March 31,
        2024     2024     2025
    In 000’s                
    Number of customer accounts     2,247.4       2,449.3       2,526.7
    Number of customers with deposits     933.4       1,092.0       1,152.9
    Number of options and futures contracts traded     10,850.3       18,926.3       20,400.7
    In USD millions                
    Trading volume     85,410.6       198,016.9       217,453.6
    Trading volume of stocks     28,606.3       55,502.6       59,453.4
    Total account balance     32,872.1       41,725.2       45,861.9
                           

    First Quarter 2025 Financial Results

    REVENUES

    Total revenues were US$122.6 million, an increase of 55.3% from US$78.9 million in the same quarter of last year.

    Commissions were US$58.3 million, an increase of 109.8% from US$27.8 million in the same quarter of last year, due to an increase in trading volume.

    Financing service fees were US$2.6 million, a decrease of 9.6% from US$2.8 million in the same quarter of last year, primarily due to a decrease of the account balance of our fully disclosed account customers.

    Interest income was US$53.8 million, an increase of 22.7% from US$43.8 million in the same quarter of last year, primarily due to the increase in margin financing and securities lending activities of our consolidated account customers.

    Other revenues were US$7.9 million, an increase of 76.8% from US$4.5 million in the same quarter of last year, primarily due to an increase in currency exchange income and wealth management income.

    Interest expense was US$15.0 million, an increase of 1.7% from US$14.8 million in the same quarter of last year, primarily due to the increase in funding for margin financing activities.

    OPERATING COSTS AND EXPENSES

    Total operating costs and expenses were US$67.1 million, an increase of 32.1% from US$50.8 million in the same quarter of last year.

    Execution and clearing expenses were US$5.3 million, an increase of 139.3% from US$2.2 million in the same quarter of last year due to an increase in our trading volume.

    Employee compensation and benefits expenses were US$33.8 million, an increase of 21.7% from US$27.8 million in the same quarter of last year, primarily due to an increase of global headcount to support our global expansion.

    Occupancy, depreciation and amortization expenses were US$2.1 million, a slight increase of 0.2% from US$2.1 million in the same quarter of last year.

    Communication and market data expenses were US$9.8 million, an increase of 14.4% from US$8.6 million in the same quarter of last year due to increased IT-related service fees.

    Marketing and branding expenses were US$10.9 million, an increase of 147.5% from US$4.4 million in the same quarter of last year, primarily due to higher marketing spending this quarter.

    General and administrative expenses were US$5.1 million, a decrease of 9.4% from US$5.7 million in the same quarter of last year due to a decrease in professional service fees.

    NET INCOME attributable to ordinary shareholders of UP Fintech

    Net income attributable to ordinary shareholders of UP Fintech was US$30.4 million, as compared to a net income of US$12.3 million in the same quarter of last year. Net income per ADS – diluted was US$0.166, as compared to a net income per ADS – diluted of US$0.077 in the same quarter of last year.

    Non-GAAP net income attributable to ordinary shareholders of UP Fintech, which excludes share-based compensation, was US$36.0 million, as compared to a US$14.7 million non-GAAP net income attributable to ordinary shareholders of UP Fintech in the same quarter of last year. Non-GAAP net income per ADS – diluted was US$0.198 as compared to a non-GAAP net income per ADS – diluted of US$0.092 in the same quarter of last year.

    For the first quarter of 2025, the Company’s weighted average number of ADSs used in calculating non-GAAP net income per ADS – diluted was 184,472,928. As of March 31, 2025, the Company had a total of 2,649,914,037 Class A and B ordinary shares outstanding, or the equivalent of 176,660,936 ADSs.

    CERTAIN OTHER FINANCIAL ITEMS

    As of March 31, 2025, the Company’s cash and cash equivalents, term deposits and long-term deposits were US$406.4 million, compared to US$396 million as of December 31, 2024.

    As of March 31, 2025, the allowance for doubtful accounts on receivables from customers was US$14.8 million compared to US$15.3 million as of December 31, 2024.

    In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2023-08, Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets (“ASU 2023-08”). ASU 2023-08 requires certain crypto assets to be measured at fair value separately on the balance sheet with changes reported in the statement of operations each reporting period.

    The Company adopted this guidance from January 1, 2025, and the Company recorded such crypto asset balance in Crypto assets held as of March 31, 2025, with a cumulative-effect adjustment of US$2.3 million to the opening balance of Retained earnings.

    Updates to Management and Directors

    Mr. Ming Liao departed from the position of Independent Director at the Company due to personal reasons, effective May 28, 2025. Mr. Liao’s departure was not the result from any disagreement with the Company.

    Conference Call Information:

    UP Fintech’s management will hold an earnings conference call at 8:00 AM on May 30, 2025, U.S. Eastern Time (8:00 PM on May 30, 2025, Singapore/Hong Kong Time).

    All participants wishing to attend the call must preregister online before receiving the dial-in number. Preregistration may take a few minutes to complete.

    Preregistration Information:

    Please note that all participants will need to pre-register for the conference call, using the link:
    https://register-conf.media-server.com/register/BId8a2d4cd09e14653b3533b8d3745dfa0

    It will automatically lead to the registration page of “UP Fintech Holding Limited First Quarter 2025 Earnings Conference Call”, where details for RSVP are needed.

    Upon registering, all participants will be provided a confirmation email with a participant dial-in number and personal PIN to access the conference call. Please dial in 10 minutes prior to the call start time using the conference access information.

    Additionally, a live and archived webcast of the conference call will be available at https://ir.itigerup.com

    Use of Non-GAAP Financial Measures

    In evaluating our business, we consider and use non-GAAP net income attributable to ordinary shareholders of UP Fintech and non-GAAP net income per ADS – diluted as supplemental measures to review and assess our operating performance. The presentation of the non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with the United States Generally Accepted Accounting Principles (“U.S. GAAP”). We define non-GAAP net income attributable to ordinary shareholders of UP Fintech as net income attributable to ordinary shareholders of UP Fintech excluding share-based compensation. Non-GAAP net income per ADS – diluted is non-GAAP net income attributable to ordinary shareholders of UP Fintech divided by the weighted average number of diluted ADSs.

    We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. Non-GAAP net income attributable to ordinary shareholders of UP Fintech enables our management to assess our operating results without considering the impact of share-based compensation. We also believe that the use of these non-GAAP financial measures facilitates investors’ assessment of our operating performance.

    These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as an analytical tool. One of the key limitations of using these non-GAAP financial measures is that they do not reflect all items of income and expenses that affect our operations. Share-based compensation has been and may continue to be incurred in our business and are not reflected in the presentation of non-GAAP net income attributable to ordinary shareholders of UP Fintech. Further, these non-GAAP financial measures may differ from the non-GAAP financial information used by other companies, including peer companies, and therefore their comparability may be limited.

    These non-GAAP financial measures should not be considered in isolation or construed as alternatives to total operating costs and expenses, net income attributable to ordinary shareholders of UP Fintech or any other measure of performance or as an indicator of our operating performance. Investors are encouraged to review these historical non-GAAP financial measures in light of the most directly comparable GAAP measures. These non-GAAP financial measures presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting the usefulness of such measures when analyzing our data comparatively. We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure.

    About UP Fintech Holding Limited

    UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses.

    For more information on the Company, please visit: https://ir.itigerup.com.

    Safe Harbor Statement

    This announcement contains forward−looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as “may,” “might,” “aim,” “likely to,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, the Company’s strategic and operational plans and expectations regarding growth and expansion of its business lines, and the Company’s plans for future financing of its business contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company’s revenues and certain cost or expense accounting policies; the cooperation relationships with our business partners and shareholders such as Interactive Brokers LLC and Xiaomi Corporation and its affiliates; and governmental policies and regulations affecting the Company’s industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC, including the Company’s annual report on Form 20-F filed with the SEC on April 23, 2025. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company’s filings with the SEC.

    For investor and media inquiries please contact:

    Investor Relations Contact

    UP Fintech Holding Limited

    Email: ir@itiger.com

    UP FINTECH HOLDING LIMITED
    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
    (All amounts in U.S. dollars (“US$”))
     
        As of
    December 31,
        As of
    March 31,
     
        2024     2025  
        US$     US$  
    Assets:            
    Cash and cash equivalents     393,576,874       403,891,218  
    Cash-segregated for regulatory purpose     2,464,683,625       2,849,477,420  
    Term deposits     1,075,260       1,101,083  
    Receivables from customers (net of allowance of US$15,284,002 and US$14,790,668 as of December 31, 2024 and March 31, 2025)     1,052,972,649       1,221,616,295  
    Receivables from brokers, dealers, and clearing organizations     2,305,740,507       2,556,498,087  
    Financial instruments held, at fair value     75,547,082       177,479,943  
    Prepaid expenses and other current assets     17,629,819       19,529,054  
    Amounts due from related parties     16,720,671       13,821,867  
    Total current assets     6,327,946,487       7,243,414,967  
    Non-current assets:            
    Long-term deposits     1,369,994       1,378,037  
    Right-of-use assets     10,880,673       12,736,333  
    Property, equipment and intangible assets, net     15,358,528       15,750,823  
    Crypto assets held     —       3,410,986  
    Goodwill     2,492,668       2,492,668  
    Long-term investments     7,658,809       7,473,531  
    Equity method investment     10,203,622       10,305,433  
    Other non-current assets     6,828,553       8,623,671  
    Deferred tax assets     8,573,135       9,931,234  
    Total non-current assets     63,365,982       72,102,716  
    Total assets     6,391,312,469       7,315,517,683  
    Current liabilities:            
    Payables to customers     3,574,651,125       4,333,279,026  
    Payables to brokers, dealers and clearing organizations:     1,914,769,701       1,975,967,952  
    Accrued expenses and other current liabilities     67,263,254       75,891,783  
    Lease liabilities-current     4,153,928       4,845,376  
    Amounts due to related parties     874,331       53,588,763  
    Total current liabilities     5,561,712,339       6,443,572,900  
    Convertible bonds     159,505,397       160,158,584  
    Lease liabilities- non-current     5,902,323       6,992,755  
    Deferred tax liabilities     2,068,661       2,161,995  
    Total liabilities     5,729,188,720       6,612,886,234  
    Mezzanine equity            
    Redeemable non-controlling interest     7,177,668       5,518,571  
    Total Mezzanine equity     7,177,668       5,518,571  
    Shareholders’ equity:            
    Class A ordinary shares     25,427       25,523  
    Class B ordinary shares     976       976  
    Additional paid-in capital     619,030,730       624,497,561  
    Statutory reserve     12,425,463       12,425,463  
    Retained earnings     37,843,547       70,712,884  
    Treasury stock     (2,172,819 )     (2,172,819 )
    Accumulated other comprehensive loss     (11,919,310 )     (8,090,989 )
    Total UP Fintech shareholders’ equity     655,234,014       697,398,599  
    Non-controlling interests     (287,933 )     (285,721 )
    Total equity     654,946,081       697,112,878  
    Total liabilities, mezzanine equity and equity     6,391,312,469       7,315,517,683  
    UP FINTECH HOLDING LIMITED  
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME  
    (All amounts in U.S. dollars (“US$”), except for number of shares (or ADSs) and per share (or ADS) data)  
       
        For the three months ended  
        March 31,     December 31,     March 31,  
        2024     2024     2025  
        US$     US$     US$  
    Revenues:                  
    Commissions     27,786,218       55,964,174       58,307,151  
    Interest related income                  
    Financing service fees     2,832,065       2,770,419       2,560,432  
    Interest income     43,841,220       55,762,091       53,805,393  
    Other revenues     4,488,989       9,605,165       7,936,987  
    Total revenues     78,948,492       124,101,849       122,609,963  
    Interest expense     (14,789,835 )     (16,731,341 )     (15,041,810 )
    Total Net revenues     64,158,657       107,370,508       107,568,153  
    Operating costs and expenses:                  
    Execution and clearing     (2,230,863 )     (6,095,132 )     (5,338,917 )
    Employee compensation and benefits     (27,787,218 )     (37,163,110 )     (33,805,808 )
    Occupancy, depreciation and amortization     (2,144,337 )     (2,137,586 )     (2,149,308 )
    Communication and market data     (8,561,482 )     (11,787,814 )     (9,794,869 )
    Marketing and branding     (4,390,987 )     (9,507,918 )     (10,867,048 )
    General and administrative     (5,667,137 )     (6,432,737 )     (5,136,346 )
    Total operating costs and expenses     (50,782,024 )     (73,124,297 )     (67,092,296 )
    Other income (expense):                  
    Others, net     3,615,219       3,469,021       (1,340,064 )
    Income before income tax     16,991,852       37,715,232       39,135,793  
    Income tax expenses     (4,528,297 )     (9,488,084 )     (8,549,158 )
    Net income     12,463,555       28,227,148       30,586,635  
    Less: net (loss) income attributable to non-controlling interests     (17,914 )     12,563       11,527  
    Accretion of redeemable non-controlling interests to redemption value     (151,322 )     (164,328 )     (155,983 )
    Net income attributable to ordinary shareholders of UP Fintech     12,330,147       28,050,257       30,419,125  
    Other comprehensive income (loss), net of tax:                  
    Unrealized gain on available-for-sale investments     —       343,892       —  
    Changes in cumulative foreign currency translation adjustment     (4,791,040 )     (17,440,809 )     3,826,640  
    Total Comprehensive income     7,672,515       11,130,231       34,413,275  
    Less: comprehensive (loss) income attributable to non-controlling interests     (13,454 )     24,226       9,845  
    Accretion of redeemable non-controlling interests to redemption value     (151,322 )     (164,328 )     (155,983 )
    Total Comprehensive income attributable to ordinary shareholders of UP Fintech     7,534,647       10,941,677       34,247,447  
    Net income per ordinary share:                  
    Basic     0.005       0.011       0.012  
    Diluted     0.005       0.011       0.011  
    Net income per ADS (1 ADS represents 15 Class A ordinary shares):                  
    Basic     0.079       0.164       0.173  
    Diluted     0.077       0.158       0.166  
    Weighted average number of ordinary shares used in calculating net income per ordinary share:                  
    Basic     2,342,468,897       2,557,911,677       2,634,972,699  
    Diluted     2,452,022,959       2,687,607,158       2,767,093,920  
    Reconciliations of Unaudited Non-GAAP Results of Operations Measures to the Nearest Comparable GAAP Measures
    (All amounts in U.S. dollars (“US$”), except for number of ADSs and per ADS data)
     
        For the three months ended March 31,2024     For the three months ended December 31,2024     For the three months ended March 31,2025  
              non-GAAP                 non-GAAP                 non-GAAP        
        GAAP     Adjustment     non-GAAP     GAAP     Adjustment     non-GAAP     GAAP     Adjustment     non-GAAP  
        US$     US$     US$     US$     US$     US$     US$     US$     US$  
        Unaudited     Unaudited     Unaudited     Unaudited     Unaudited     Unaudited     Unaudited     Unaudited     Unaudited  
                2,380,637   (1 )               2,421,342   (1 )               5,621,791   (1 )    

    Net income attributable to ordinary shareholders of UP Fintech

        12,330,147       2,380,637       14,710,784       28,050,257       2,421,342       30,471,599       30,419,125       5,621,791       36,040,916  
                                                           
    Net income per ADS – diluted     0.077             0.092       0.158             0.172       0.166             0.198  
    Weighted average number of ADSs used in calculating diluted net income per ADS     163,468,197             163,468,197       179,173,811             179,173,811       184,472,928             184,472,928  

    (1) Share-based compensation.

    The MIL Network –

    May 30, 2025
  • MIL-OSI China: China to see over 80 mln railway passenger trips around Dragon Boat Festival holiday

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

    China to see over 80 mln railway passenger trips around Dragon Boat Festival holiday

    BEIJING, May 30 — China’s railway network is expected to handle approximately 80.5 million passenger trips during the five-day travel rush around Dragon Boat Festival holiday, the national railway operator said Friday.

    The travel rush period kicked off Friday, a day ahead of the 3-day holiday, while Saturday is expected to witness the peak passenger flow for this period, with roughly 18.3 million railway trips predicted nationwide, said China State Railway Group Co., Ltd.

    According to China’s 12306 railway booking platform, popular destinations for this year’s holiday include Beijing, Shanghai, Guangzhou, Chengdu, Hangzhou, Wuhan, Xi’an, Nanjing, Changsha and Zhengzhou.

    Platform data also shows that the Beijing-Shanghai, Beijing-Jinan, Beijing-Taiyuan, Beijing-Nanjing and Shenzhen-Hong Kong routes are among the most popular during the period.

    To cater to elevated travel needs, China’s railways have increased capacity while also improving service quality to ensure better passenger experiences.

    The Dragon Boat Festival, also known as Duanwu Festival, falls on Saturday this year.

    MIL OSI China News –

    May 30, 2025
  • MIL-OSI Russia: International cooperation: GUU at the General Assembly of the Peoples of Eurasia and Africa

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    On March 28, 2025, the State University of Management took part in a meeting of the General Assembly of the Peoples of Eurasia and Africa, which was held in the Public Chamber of the Russian Federation.

    The meeting was attended by the Chairman of the Federation Council Committee on International Affairs Grigory Karasin, First Deputy Chairman of the State Duma Committee on Nationalities Ildar Gilmutdinov, Director of the FAO Liaison Office with the Russian Federation Oleg Kobyakov, Plenipotentiary Minister with the rank of Ambassador – Deputy Head of Mission of the Republic of Cuba to the Russian Federation Enrique Horta Gonzalez, Minister Counselor of the Embassy of the Republic of Nicaragua Claudio Antonio Arana.

    Our university was represented by the Head of the International Cooperation Department Inessa Bogatyreva and graduate students from the Institutes of the State University of Management: Nguyen Thi Hai Anh (Socialist Republic of Vietnam), Moncef Nasrullah (Afghanistan), Umar Bretil Hissein Bretil Hissein (Republic of Chad).

    In their reports, the speakers paid special attention to the celebration of the 80th anniversary of the Victory in the Great Patriotic War and noted that this year has been declared the Year of Peace and Unity in the CIS in the fight against Nazism. The participants presented such large-scale projects as the International Public Forum “Preserving the Memory of the Second World War and the Great Patriotic War”, the initiatives “Immortal Memory”, “Road of Life – Road of Military Glory”, “Panfilov’s Men: Our Pride, Our Glory”, etc.

    It is worth noting that within the framework of the Assembly’s work, significant projects are being implemented that contribute to strengthening spiritual and cultural ties between the states of Eurasia and Africa. Among them are the “Caravan of Friendship”, “Road of Life”, “Song of Peace”, “Children of Eurasia”, “Angels of Peace”, “Discover Eurasia”, the 1st International Sports Games of National and Non-Olympic Sports “Towards Eurasiada”.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

    May 30, 2025
  • MIL-OSI New Zealand: New Zealand and India: A broad-based, enduring partnership

    Source: New Zealand Government

    [Speech to the Ananta Aspen Centre, New Delhi, India]
    Namaste, good afternoon. 
    Ms Indrani Bagchi, distinguished guests, ladies and gentlemen. Thank you for the chance to speak with you today. Over the past 18 months, New Zealand and India have been working hard to deepen the excellent relations developing between us.
    It’s great to be back in New Delhi, just over year since our last visit. Last night, we were able to take stock with Minister Jaishankar of the progress New Zealand and India have made in strengthening relations in recent times, while discussing a broad range of challenging issues facing our region and our world. 
    We must, at the outset, pay tribute to Minister Jaishankar. He is one of the world’s leading statesmen, and it is an absolute pleasure to be working with him on this important project of cementing New Zealand-India relations. 
    This afternoon, we would like to outline for you why and how New Zealand seeks stronger relations with India, in the context of our broader approach to foreign policy in these uncertain, disordered times. 
    We will describe New Zealand’s outward face: how our small state of 5.2 million people sees its place in, and interacts with, the rest of the world. We will outline New Zealand’s foreign policy, which was reset after the new Coalition Government came into office in late 2023. We wish you to understand our priorities as well as our national values. And we will describe our determination to do more in, and with South and South East Asia, and especially with the great nation that is India. 
    Who we are
    First and foremost, New Zealand is a small collection of islands in the Southwest Pacific, just north of the penguins. The original discovery and settlement of the Pacific Islands, including New Zealand, is one of the most remarkable stories of exploration in human history. 
    Historians have compared it with space exploration as both were journeys into the unknown. But Pacific navigation is arguably even more remarkable because the canoes that set out from the Asian landmass knew not where they would land, nor when, nor indeed if they would find any new territory.
    But find land they did, as they forged new identities and societies on atolls and islands that today stand as a testament to their imagination, endurance and a resilience to overcome the formidable challenges of distance, geography, and resource scarcity.
    So, New Zealand is a Pacific Island country – we just sailed and paddled further – and we are linked with our Pacific family by geography, history, culture, politics, demography and indeed DNA. 
    We are also, self-evidently, a maritime nation. The Pacific Ocean represents 31 percent of the world’s surface. The Indian Ocean accounts for another 20 percent, so the Indo-Pacific accounts for about half the world’s surface, meaning protecting sea lanes and freedom of navigation is crucial for both India and New Zealand.
    New Zealand is also a migrant nation, one of the most multicultural countries anywhere. Seventeen percent of our people trace their origins to Asia, including six percent who have Indian ancestry. That diversity strengthens us at home – and connects us to the region that shapes our prosperity. Seven of our ten largest export destinations are in Asia. That is no coincidence. It is the reality of a deeply interconnected future. 
    We are also a deeply democratic people, with New Zealand being one of only nine countries who have enjoyed democracy continuously since 1854. 
    We are proud to have granted our earliest people, the Māori, the franchise all the way back in 1867, and to have been the first nation on earth to give women the vote, in 1893. We were also proud, when visiting your new parliament last year, to see New Zealand-made carpet adorning India’s magnificent new chamber in the world’s largest democracy. 
    New Zealanders, as an artefact of our geographical isolation from the world’s great populations centres, have always been outward-looking people, curious about the world around them. Indeed, many of our most iconic New Zealanders have done their best work outside our shores. 
    Lord Ernest Rutherford, who split the atom. Mountaineer Sir Edmund Hillary, who first climbed Mount Everest with Sherpa Tenzing Norgay, and whose legacy we were able to honour in Nepal this week. And, more latterly, cricketer John Wright, who coached India’s national team between 2000-2005; and, lest we forget, while on the subject of cricket, the New Zealand team which stunned the cricketing world in Bengaluru, Pune and Mumbai last year, are just a few of our peak Kiwi performers overseas.
    But, as our cricket team showed, the New Zealand character is forged not by a never-ending pipeline of natural talent – something India is blessed with – but by working very hard to hone the skills needed to compete on the global stage and to make the most of limited resources, whatever the endeavour.
    We push ourselves to work harder because New Zealand has understood these past 80 years, as a small state geographically isolated from the great landmasses of Asia, Europe and the Americas, that only through the conduct of a highly active foreign policy can we advance our national interests, defend our region, and make it more prosperous.
    Foreign Policy Reset
    Distinguished guests, in February 2024 Cabinet endorsed a significant foreign policy reset. 
    The six pillars of our foreign policy reset are as follows:
    First, we are significantly increasing our focus and resources applied to South and Southeast Asia. 
    Second, we have renewed and reinvigorated meaningful engagement with our traditional and likeminded partners. Beginning, as always, with our one formal ally and indispensable partner, Australia, which we visited again just late last week. 
    Third, we are actively sustaining a deeper focus on the Pacific Islands region, bolstering development and security collaboration in response to regional needs and crises.
    Fourth, we are carefully targeting our multilateral engagement to global and transboundary issues, working with close partners to defend and preserve core principles of international law that underpin our security and prosperity. 
    Fifth, we are supporting new groupings that advance and defend our interests and capabilities. The IP4, where we work closely with Australia, South Korea, Japan and NATO, is an example of this new support. 
    Sixth, we are working hard promoting our goal of seriously lifting New Zealand’s export value over the next decade. 
    The six pillars of the Government’s Foreign Policy Reset are underpinned by three key concepts:

    The realism that informs the Government’s foreign policy.
    Our view of the crucial role that diplomacy needs to play in our troubled world.
    And our unshakeable belief that small states matter and that all states are equal.

    In fashioning foreign policy responses the realist tendency is to err on the side of prudence. That is, we are careful in what we say, and when and how we say it. In conditions of great uncertainty and disorder, such as we are currently experiencing, prudence is a both a logical and necessary guiding principle for a small state like New Zealand.
    We see our responsibility to the New Zealand people, in conducting foreign policy, as making cool-headed calculations of the country’s own strengths and weaknesses as we fashion our responses to events large or small that impact upon New Zealand’s interests.
    For a small state like New Zealand, the role of diplomacy is a crucial instrument of our foreign policy. In our complex geostrategic environment never has effective diplomacy been more needed. In the 18 months since returning for a third time as Foreign Minister we’ve spoken widely with colleagues across the globe. We’ve visited 45 countries, several more than once, met with well over 100 Presidents, Prime Ministers, Deputy Prime Ministers and Foreign Ministers, and had over 400 political engagements.

    Summing up those discussions in our National Statement to the United Nations last year, we said it has never been more apparent just how much diplomacy and the tools of statecraft matter in our troubled world. 
    Since war and instability is everyone’s calamity, diplomacy is the business of us all. We have observed that at this moment in time the ability to talk with, rather than at, each other has never been more needed. 
    Those who share our values, and even those who do not, gain from understanding each other’s position, even when we cannot agree. From understanding comes opportunity and from diplomacy comes compromise, the building block of better relations between nations. We said we need more diplomacy, more engagement, more compromise. 
    As Winston Churchill also said in his later years, “meeting jaw-to-jaw is better than war.”

    The inherent tensions and imbalances in the global order – between the desire for a rules-based order that protects small states against aggression, and the unjustified exercise of power by certain Great Powers – have only grown over the last past eight decades. 

    Yet small states matter now as much as they did then. New Zealand holds the foundational belief that all states are equal and that our voices matter as much as more powerful states. 
    Adopting a prudential approach to our diplomacy also means not reacting to everything that happens around you. We are more interested in understanding and anticipating the trend lines that are apparent over much longer periods and how they manifest during our time at the wheel.
    The broadening India-New Zealand relationship
    Which brings us to the India-New Zealand relationship.  India’s trendlines are nothing short of stunning. India’s growth story is well known to us, and it is breathtaking: the fastest-growing economy in the G20 and on track to be the world’s third-largest economy in the coming years. 
    India’s middle class is now almost half a billion strong. In the last decade alone, 250 million Indians have been lifted out of poverty. India’s aviation industry has soared, with the number of airports more than doubling to 157, and a new highway network covering 95,000 kilometres – enough to drive between New Zealand and India eight times. These are not mere statistics; they represent an extraordinary economic transformation. 
    Globally, India has cemented itself as a key player. Hosting the G20 summit in 2023 and landing a spacecraft on the moon’s South Pole two years ago, are testaments to its growing influence. 
    For New Zealand, India presents immense untapped potential. Despite India’s economic scale, it remains only our 12th largest trading partner, accounting for just 1.5 percent of our exports. 
    We are determined to change that. Our strengths – from food and beverage products to agriculture, forestry, horticulture, education, and tourism – are world-class. And our innovation in areas like outer space and renewable energy will find a welcoming partner in India.
    Early in this term we clearly expressed our intent to build a deeper and broader relationship with India. But, as Mahatma Gandhi said, “An ounce of practice is worth more than tons of preaching.” So we have followed through with practical action to broaden our relationship.
    We have sought to increase the tempo and seniority of engagements between our politicians. Our first overseas visit outside our home region of Australia and Pacific was to India, where we visited both Gujarat and New Delhi in March 2024. The Trade Minister has visited India five times. 
    In March his year, Prime Minister Luxon visited India on one of New Zealand’s largest-ever Prime Ministerial missions. And we enthusiastically welcomed India’s President in August 2024, and, just recently, the Minister of State for External Affairs, Shri Pabitra Margherita.
    Since the Foreign Policy Reset, we’ve made concrete strides. We’ve launched negotiations on a Comprehensive Free Trade Agreement – a breakthrough in our economic relationship. But even before that milestone we had put in place measures to deepen the economic relationship, with new arrangements on horticulture, forestry, and education also recently finalised.
    Additionally, we have seen a Memorandum of Understanding signed between Air New Zealand and Air India to explore a codeshare agreement on 16 routes across India, Singapore, Australia, and New Zealand. This will make travel between our nations easier, boosting tourism, education, and business connections. 
    But our relationship with India goes well beyond economic ties. It extends to defence and security – a priority for New Zealand in the Indo-Pacific. In an emerging multipolar world, India is evolving into a geopolitical giant, an indispensable security actor in both regional and global spheres. 
    During a time of great uncertainty, instability and disorder, we have taken steps to work more closely on matters of defence and security with India. A recently signed Defence Cooperation Arrangement will facilitate closer links between our militaries. 
    Meanwhile, we have taken practical steps to work together more closely. The New Zealand Navy is leading Combined Task Force 150, charged with securing trade routes and countering terrorism, smuggling, and piracy in the Indian Ocean and Gulf of Aden. 
    India’s involvement in this mission, as the Deputy Command of the Task Force, underscores the growing closeness of our defence ties. The taskforce has already had very real impact, disrupting the trade of $600 million worth of illegal drugs so far. 
    With tensions rising in the Indo-Pacific, it is crucial for New Zealand to work hand-in-hand with India and other like-minded partners to ensure the region remains free and open, with all nations respecting the rules that underpin peace and stability.
    India makes a significant contribution to upholding the rules-based international system on which we rely, via its growing influence in multilateral forums. 
    In addition, India has been a leader in promoting solar energy worldwide. We were pleased to sign up to the India and France-led International Solar Alliance, which now has over 100 member countries. And New Zealand has endorsed India’s candidature for permanent membership in a reformed UN Security Council.
    Turning to our growing people-to-people links, Prime Minister Modi has spoken often of the Indian diaspora in New Zealand, calling it a “living bridge” between our countries. 
    That is certainly true – the vibrant Indian community in New Zealand is contributing immeasurably to our society. 
    Their economic contribution is enormous, with estimates from six years ago suggesting it was worth around NZ$10 billion. We have no doubt it has grown since. 
    Of course, our partnership is also about more than economics and politics. It’s about people, and there’s no greater expression of that than sport. Cricket, of course, is a key element of our relationship – we will soon mark 100 years of sporting ties with India.
    But our sporting connections go beyond cricket. New Zealand and India have recently signed a Sports Memorandum of Cooperation, paving the way for new collaborations in high-performance sports, technology, research, and people exchanges.
    When you consider the range of measures outlined today across these key areas, it becomes clear that India and New Zealand are building a truly broad-based relationship.

    Concluding Remarks
    In concluding this speech on New Zealand’s foreign policy and our approach to India, and before taking your questions, let us briefly reinforce our key messages here this afternoon.
    First, while we are operating under severe conditions of uncertainty and the world faces extremely difficult economic and security challenges, New Zealand is pursuing a Foreign Policy Reset to help secure our place in the world.
    Second, the foreign policy of this New Zealand Government is unashamedly realist because in conditions of uncertainty prudence is preferable to pious platitudes when it comes to protecting New Zealand’s and the Indo-Pacific’s immediate and longer-term economic and security interests.
    Third, our broadening bilateral relations with India are very important to us. New Zealand is deeply committed to South and South East Asia in general, and India in particular. We are taking concrete actions to make good on our commitment to India and the region, across political engagement, defence and security, trade and economics, people and cultural, and multilateral connections. 
    Ultimately, there’s plenty in our relationship to benefit both New Zealand and India, as we work more closely together on defence and security, on sharing technology and human capital and in cooperating economically. India can rely upon New Zealand’s word and the actions that support them. And we are in it for the long haul. 
    Thank you.

    MIL OSI New Zealand News –

    May 30, 2025
  • Flood risk threatens Swiss valley after village destroyed by glacier

    Source: Government of India

    Source: Government of India (4)

    Water trapped behind a mass of glacial debris that this week buried a village and blocked a river in southern Switzerland has sparked warnings that further evacuations may be needed amid the risk of flooding in the Alpine valley.

    A deluge of millions of cubic meters of ice, mud and rock crashed down a mountain on Wednesday, engulfing the village of Blatten, and the few houses that remained later flooded. Its 300 residents had been evacuated earlier in May after part of the mountain behind the Birch Glacier began to crumble.

    Flooding increased on Thursday as the mound of debris almost 2 km (1.2 miles) across clogged the path of the River Lonza, causing a lake to form amid the wreckage, raising fears that the morass could dislodge and trigger more evacuations.

    Late on Thursday, local authorities urged residents in Gampel and Steg, villages several kilometres further along the Lonza Valley, to prepare for possible evacuation in case of emergency.

    The army is standing by with water pumps, diggers and other heavy equipment to provide relief when conditions allow.

    Rescue teams have been looking for a 64-year-old man missing since the landslide. Local authorities suspended the search on Thursday afternoon, saying the debris mounds were too unstable for now, and warning of further rockfalls.

    Residents have struggled to absorb the scale of destruction caused by the deluge, an event that scientists suspect is a dramatic example of the impact of climate change in the Alps.

    (Reuters)

    May 30, 2025
  • Day not far when Maoist violence will be eradicated, says PM Modi in Bihar

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Friday inaugurated and laid the foundation stone for infrastructure and development projects worth over ₹48,520 crore in Bihar’s Karakat. Addressing a massive public rally, he affirmed the government’s strong resolve against Maoist violence and hailed the reduction in Naxal-affected districts across the country.

    “The day is not far when Maoist violence will be completely eradicated from the country,” the Prime Minister declared, crediting the government’s consistent efforts over the last decade. He stated that the number of Naxal-affected districts has reduced significantly — from over 75 before 2014 to just 18 now.

    Lauding Bihar Chief Minister Nitish Kumar’s role in steering the state towards growth, PM Modi said, “When the ‘Jungle Raj’ was removed under Nitish Kumar’s leadership, Bihar began to move forward on the path of development.”

    He cited advancements in road and rail infrastructure, asserting that Bihar’s broken highways, poor railway facilities, and limited air connectivity were now a thing of the past. “A web of four-lane highways is being built, and bridges are coming up across all major rivers in Bihar,” he noted.

    Referring to the legacy of red terror in regions like Sasaram, the Prime Minister said, “The people of Bihar are witnesses to how those who spread violence and unrest have been eliminated. Naxalism was once dominant in these areas.”

    In a veiled criticism of those who supported extremist ideologies, PM Modi remarked that the groups promoting Naxalism had “no faith in Babasaheb Ambedkar,” yet Bihar continued to pursue development under difficult conditions.

    His remarks come in the wake of a major anti-Naxal operation in Chhattisgarh’s Narayanpur, where Indian forces eliminated 27 Maoists, including top CPI (Maoist) commander Basavaraju. Active in Naxalite operations for nearly five decades, Basavaraju was reportedly involved in over 200 attacks.

    May 30, 2025
  • Hazlewood’s return fuels Bengaluru’s IPL title dream

    Source: Government of India

    Source: Government of India (4)

    Questions about Josh Hazlewood’s fitness were posed repeatedly at Royal Challengers Bengaluru’s press conferences ahead of their Indian Premier League playoff and the Australian showed on Thursday why there was so much interest in his availability.

    Returning to action after spending a month on the sidelines recovering from a shoulder injury, Hazlewood helped put Bengaluru on the cusp of a first IPL title with figures of 3-21 against Punjab Kings.

    Three-times runners-up Bengaluru bundled out Punjab for 101 and then chased down the target in 10 overs to book their place in Tuesday’s final.

    On a pitch that offered swing and bounce, Hazlewood took the key wickets of fellow Australian Josh Inglis and rival captain Shreyas Iyer, blows which Punjab never really recovered from.

    “The bowling unit was obviously back to the unit that bowled for most of the tournament, and again, we knew our roles really well,” Hazlewood told reporters after their eight-wicket win.

    “There was a little bit of seam movement, the bounce was probably a little bit inconsistent, so we sort of utilised that as best as we could.”

    Hazlewood’s 21 wickets from 11 games make him the third highest wicket-taker this season behind Noor Ahmed (24) and Prasidh Krishna (23), both of whom have played three games more than the Australian.

    On Mullanpur’s spicy wicket, a target of around 150 could have proved tricky, said Hazlewood.

    “They probably just had to pull back a little bit and try and get a score on the board, you know, 150-160 would have been a difficult chase potentially,” he added.

    “But I think we only let them bat as well as they could have, through our bowling.”

    The lively wicket also meant Hazlewood did not have to push his body to the limit on his return from injury.

    “The wicket helped obviously, I didn’t have to bowl any fast yorkers or anything like that, so yeah, it’s feeling not too bad.”

    (Reuters)

    May 30, 2025
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