Category: Asia

  • MIL-OSI Asia-Pac: URA managing director appointed

    Source: Hong Kong Information Services

    Donald Choi has been appointed Urban Renewal Authority (URA) Managing Director for three years from June 15, succeeding Wai Chi-sing upon his upcoming retirement.

    The appointment was made by the Chief Executive on a selection panel’s recommendation.

    Secretary for Development Bernadette Linn said Mr Choi is a veteran architect with a deep understanding of the local land and housing planning, the property market, historic building conservation, green buildings and innovative construction techniques, among others, and is committed to creating quality and vibrant urban living in Hong Kong.

    “I am confident that Mr Choi will lead the URA management in furthering the important task of urban renewal, as well as effectively handling the challenges of building decay while maintaining the financial sustainability of the URA.”

    Mr Choi was selected through an open recruitment exercise conducted by a consultancy firm. Shortlisted candidates were considered by a selection panel chaired by Financial Secretary Paul Chan.

    Panel members included Deputy Financial Secretary Michael Wong, Bernadette Linn, URA Chairman Chow Chung-kong and URA Board Non-Executive Director William Chan.

    Ms Linn also thanked Mr Wai for his invaluable contributions over the years.

    “With his exceptional leadership and extensive experience, Mr Wai has led the URA in taking forward various urban renewal initiatives with an innovative mindset,” she said.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Breast cancer screening extended

    Source: Hong Kong Information Services

    Phase II of the Breast Cancer Screening Pilot Programme will launch on June 10.

    The programme provides subsidised screening services to women who are at high risk of developing breast cancer, with a view to enhancing recovery rates through early detection and treatment.

    At a press conference today, Centre for Health Protection Non-Communicable Disease Branch Head Dr Anne Chee explained that women “at high risk of developing breast cancer” refers to female carriers of certain gene mutations, or women with a strong family history of breast cancer or ovarian cancer.

    Participants in the pilot programme must be women aged 35 to 74, holders of a Hong Kong Identity Card or Certificate of Exemption, and registered in the Electronic Health Record Sharing System (eHealth).

    Phase II of the scheme provides services through public-private partnership programmes, in collaboration with non-governmental organisations, namely the Hong Kong Breast Cancer Foundation, the United Christian Nethersole Community Health Service, and the Haven of Hope Christian Service.

    Starting from tomorrow, eligible women may contact any one of the designated clinics to make an appointment for assessment and arrange for mammography (MMG) screening on or after June 10. Additional ultrasound screening will be arranged for those who are confirmed to carry specific genetic mutations.

    To encourage high-risk individuals to undergo screening, the Government is providing a high level of subsidy under Phase II of the pilot. Service providers may only charge patients a co-payment of not more than $225 for each MMG or ultrasound breast examination.

    Dr Chee said: “We appeal to all the eligible women who are between the ages of 35 to 74, and in case you are at high-risk of developing breast cancer, please make an appointment early, come forward to our non-governmental organisations, and receive breast cancer screening so that we can all benefit from this service.”

    In the two-year Phase I of the Breast Cancer Screening Pilot Programme, 27,807 women received breast cancer risk assessments. Of these women, 7,785 underwent MMG screening on referral.

    Among the women with abnormal MMG results who were referred to specialists for treatment, 409 cases were followed up in public hospitals, with 68 women being confirmed to have breast cancer. Of these 68 breast cancer cases, 97% were at stage II or below.

    Call 3586 3088 for enquiries.

    MIL OSI Asia Pacific News

  • MIL-OSI Russia: China International Cultural Industry Expo Enters Third Decade: Symbiosis of Culture and Technology

    Translation. Region: Russian Federal

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

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

    Over the 21 years of its operation, the China International Cultural Industry Expo (hereinafter referred to as the Expo) has achieved impressive results. During this time, the total transaction volume has exceeded 3 trillion yuan, over 45,000 enterprises have been provided with various services and 2 million types of products have been displayed. The Expo can rightfully be called a global “supermarket” where commercial activities of the cultural industry are carried out.

    By implementing the “super traffic precise resource solutions” scheme, the Fair opened the way to globalization for traditional crafts, painting and other sectors of the cultural industry.

    During the 2024 Fair, Lu Ting’s team from Qiandongnan, Guizhou Province set a record: their goods were sold out on the first day, and after an emergency replenishment, the rush continued and all the goods were sold out again. Lu Ting established 7 Dong embroidery bases and implemented an order-based training model, providing jobs for more than 2,000 embroiderers.

    Thanks to the Fair’s platform, Dafen Village, a district of Shenzhen, has been transformed from a slum into the “oil painting capital of the world” with an annual turnover of 4 billion yuan.

    Based on the data, the Fair clearly demonstrated that culture is a productive force.

    In recent years, Shenzhen has been paying close attention to the implementation of national strategies and industrial development. Based on its advantages in technological innovation, it has been actively developing digital creative industry clusters and creating unique scenarios for the integration of culture and technology. In 2024, there were 3,754 enterprises in the cultural and related industries above the designated scale in the city, with a business revenue of RMB 1287.508 billion, accounting for 51.5% of the provincial total and 9.1% of the national total.

    Impressive data, promising changes indicate the rapid development of China’s cultural industry. The history of the event reflects the stages of development and flourishing of the industry.

    The fair, like a mirror, reveals the secret of the eternal vitality of Chinese civilization, hidden in openness and inclusiveness. This grand cultural event, which spans two decades, and its unlimited form of implementation demonstrate that only a dynamic culture can have uninterrupted continuity.

    As the Fair enters its third decade, it has become a true nexus. We believe that when the depth of culture, the power of innovation, and the spirit of openness resonate, the stories of the Guangdong-Hong Kong-Macao Greater Bay Area and Chinese stories will rise to the level of a modern civilization narrative with universal significance.

    MIL OSI Russia News

  • MIL-OSI Banking: Reserve Bank cancels Certificate of Registration of M/s N.Y.Leasing Private Limited due to irregular lending practices

    Source: Reserve Bank of India

    In exercise of the powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934, the Reserve Bank has cancelled the Certificate of Registration (CoR) issued to the following Non-Banking Financial Company (NBFC):

    Name of the NBFC Registered Office Address CoR No. CoR issued on Name of the service provider (mobile app)
    M/s N.Y. Leasing Private Limited Plot No.-54A, Third Floor, Shiv Park, Near Old Palam Road, Sector-15, Dwarka, South West Delhi, Delhi-110078 CoR No.14.00300 March 06, 1998 Bardhaman Fintech Private Limited (Shine Loan App and Curry Cash App)

    As such, the above company shall not, hereinafter, transact the business of a Non-Banking Financial Institution (NBFI), as defined in clause (a) of Section 45-I of the RBI Act, 1934.

    The CoR has been cancelled by RBI as the company has violated RBI guidelines on outsourcing of financial services in its digital lending operations by outsourcing its core decision-making functions such as such as sourcing of customers, conducting their due-diligence, disbursement of loans, collection of repayments etc. as well as Know Your Customer (KYC) verification to the Service Provider.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/429

    MIL OSI Global Banks

  • MIL-OSI United Kingdom: Over £7.4 million put back in working people’s pockets by employers

    Source: United Kingdom – Government Statements

    Press release

    Over £7.4 million put back in working people’s pockets by employers

    Employers who have left workers over £7.4 million out of pocket by failing to pay the National Living and National Minimum Wage named.

    • More money put into the pockets of hardworking people, as government delivers the biggest upgrade to worker’s rights in a generation, as part of the Plan for Change
    • Workers will be paid over £7.4 million by employers after nearly 60,000 workers have been left out of pocket.
    • Action builds on recent uplift to the National Living and National Minimum Wage which puts £1,400 into the pockets of workers and families across the UK

    Nearly 60,000 workers who have been left out of pocket will be repaid over £7.4 million the Government has announced today [Thursday 29th May] in its latest move to Make Work Pay.

    This follows a significant uplift to the National Living Wage and National Minimum Wage – putting £1,400 into the pockets of full-time workers on NLW and supporting millions of families across the country – as well as the biggest upgrade to workers’ rights in a generation under the Employment Rights Bill.

    As part of the Plan for Change, this Government’s priority is to grow the economy and raise living standards. A strong economy can only be built when people have financial security whilst in work and robust enforcement action will be taken against employers who do not pay their staff correctly.

    The 518 employers and businesses named today have since paid back what they owe to their staff and faced financial penalties of up to 200% of their underpayment. The investigations by His Majesty’s Revenue and Customs (HMRC) concluded between 2015-2022.

    Minister for Employment Rights, Justin Madders said:

    There is no excuse for employers to undercut their workers, and we will continue to name companies who break the law and don’t pay their employees what they are owed.

    Ensuring workers have the support they need and making sure they receive a fair day’s pay for a fair day’s work is a key commitment in our Plan for Change. This will put more money in working people’s pockets, helping to boost productivity and ending low pay.

    Baroness Philippa Stroud, Chair of the Low Pay Commission, said:

    We welcome today’s publication. Underpayment leaves workers out of pocket and disadvantages the majority of employers who do abide by the rules.

    These naming rounds play an important part in ensuring that all workers receive their full wages and that they are aware there is support for them to ensure that they do.

    Putting more money into the pockets of the lowest paid increases workers’ financial security, offers stability to help increase staff retention and lowers recruitment costs for businesses in the long run.  Whilst not all minimum wage underpayments are intentional, the Government is clear that enforcement action will be taken against employers who do not pay their staff correctly.

    Ahead of permanently lowering tax rates for high street retail, hospitality, and leisure (RHL) from 2026/27, we have prevented the current RHL relief from ending this April, extending it for one year to ensure that over 250,000 RHL properties see a full 40 per cent reduction on their liability, and we have frozen the small business multiplier. 

    Notes to Editors:

    • If workers suspect they are being underpaid, they can visit gov.uk/checkyourpay to find out more about what they can do.
    • Workers can also call the Acas helpline on 0300 123 1100 or visit their website for free, impartial and confidential advice or complain to HMRC at Pay and work rights helpline and complaints
    • The minimum wage law applies to all parts of the UK.
    • Employers should always carry out the necessary checks – see the guidance: Calculating the Minimum Wage
    • HMRC consider all complaints from workers, so workers are being reminded to check their pay with advice available through the Check your pay website
    • National Living Wage and National Minimum wage rates:
    2024 rate 2025 rate
    National Living Wage (21 and over) £11.44 £12.21
    18 to 20 £8.60 £10.00
    Under 18 £6.40 £7.55
    Apprentice £6.40 £7.55
    1. Capita Business Services Ltd, City of London, EC2V, failed to pay £1,154,461.97 to 5,543 workers.
    2. Pizzaexpress (Restaurants) Limited, Croydon, CR0, failed to pay £760,701.61 to 8,470 workers.        
    3. Virtual Marketing Services (Gibraltar) Ltd, Birmingham, B3, failed to pay £478,282.71 to 41 workers.        
    4. L. Rowland & Company (Retail) Limited , Runcorn, WA7, failed to pay £307,342.87 to 2,293 workers.        
    5. Templar Corporation Limited, Lewisham, SE16, failed to pay £298,143.12 to 26 workers.        
    6. Lidl Great Britain Limited, Merton, SW19, failed to pay £286,437.18 to 3,423 workers.        
    7. British Airways PLC, Harmondsworth, UB7, failed to pay £231,276.10 to 2,165 workers.        
    8. Scottish Midland Co-operative Society Limited, Newbridge, EH28, failed to pay £186,883.56 to 1,795 workers.        
    9. Interserve (Facilities Management) Ltd, Lambeth, SE1, failed to pay £177,268.08 to 2,297 workers.        
    10. Prezzo Limited, Woodford Green, IG8, failed to pay £163,702.67 to 2,550 workers.        
    11. Halfords Ltd, Redditch, B98, failed to pay £140,829.79 to 4,341 workers.        
    12. The Southern Co-Operative Limited , Portsmouth, PO6, failed to pay £126,739.33 to 2,300 workers.        
    13. TUI UK Retail Limited, Luton, LU2, failed to pay £107,611.04 to 2,044 workers.        
    14. Heart Of England Co-Operative Society Limited, Coventry, CV6, failed to pay £90,870.95 to 1,017 workers.        
    15. CDS (Superstores International) Limited, Plymouth, PL6, failed to pay £89,158.47 to 1,648 workers.        
    16. Day Lewis PLC, Croydon, CR0, failed to pay £82,819.47 to 604 workers.        
    17. Petrogas Group UK Limited, Ampthill, MK45, failed to pay £63,026.69 to 602 workers.        
    18. Mr Guiseppe Caruso , London, W2, failed to pay £59,780.03 to 2 workers.        
    19. William Strike Limited, Carlisle, CA6, failed to pay £56,657.01 to 798 workers.        
    20. Property Management Services (NI) Limited, Belfast, BT3, failed to pay £54,852.44 to 414 workers.        
    21. Coghlan Lodges Limited, Uxbridge, UB8, failed to pay £52,062.45 to 45 workers.        
    22. Ant Marketing Limited, Sheffield, S2, failed to pay £46,260.65 to 340 workers.        
    23. Maclean Services (L) Limited, London, W2, failed to pay £43,583.26 to 781 workers.        
    24. ABM Aviation UK Limited, Hounslow, TW6, failed to pay £40,243.10 to 880 workers.        
    25. Malvern Tyres (Wholesale) Limited, Gloucester, GL1, failed to pay £39,012.15 to 158 workers.        
    26. Halfords Autocentres Limited, Redditch, B98, failed to pay £38,470.94 to 760 workers.        
    27. J M McGill Ltd, Doncaster, DN4, failed to pay £38,178.62 to 364 workers.        
    28. R.T. Stuart Limited, Methil, KY8, failed to pay £37,384.89 to 310 workers.        
    29. Deluxe Beds Ltd, Huddersfield, HD2, failed to pay £27,233.68 to 64 workers.        
    30. Freedom Hotels West Limited, Nr Fort William, PH49, failed to pay £26,814.06 to 37 workers.        
    31. Mytime Active, Orpington, BR6, failed to pay £26,414.51 to 414 workers.        
    32. Parkdean Resorts UK Limited, Newcastle Upon Tyne, NE12, failed to pay £26,360.91 to 291 workers.        
    33. Whitakers Chocolates Limited, Skipton, BD23, failed to pay £26,183.83 to 141 workers.        
    34. Suttons Tankers Limited, Widnes, WA8, failed to pay £25,631.33 to 35 workers.        
    35. Health Care Resourcing Group Limited, Prescot, L34, failed to pay £25,344.45 to 86 workers.        
    36. Veecare Ltd, Loughton, IG10, failed to pay £23,567.49 to 168 workers.        
    37. Meridian Marlow Ltd, Marlow, SL7, failed to pay £22,993.97 to 66 workers.        
    38. Managing Care Limited, Croydon, CR9, failed to pay £21,834.52 to 83 workers.        
    39. Mr Sri Krishna Ratnasinkam and Mrs Saraswathy Ratnasinkam , Ringmer, BN8, failed to pay £20,504.98 to 1 worker.        
    40. M Buckingham & Company Limited        
    , Maulden, MK45, failed to pay £20,361.01 to 3 workers.        
    41. Regency Hotel (Northern Ireland) Limited, Belfast, BT3, failed to pay £19,952.21 to 201 workers.        
    42. Baxters Food Group Limited, Fochabers, IV32, failed to pay £19,765.00 to 62 workers.        
    43. Thrive Childcare and Education Limited, Musselburgh, EH21, failed to pay £19,420.47 to 24 workers.        
    44. Hillgate Investments Limited, Rotherhithe , SE16, failed to pay £19,358.74 to 40 workers.        
    45. Hilton UK Hotels Limited, Watford, WD24, failed to pay £18,924.07 to 20 workers.        
    46. Oscar Mayer Limited, Chard, TA20, failed to pay £18,830.92 to 172 workers.        
    47. BA Cityflyer Limited, West Drayton, UB7, failed to pay £17,988.39 to 102 workers.        
    48. Crystal Property Cleaning Ltd, Twickenham, TW2, failed to pay £17,767.18 to 1 worker.        
    49. Key Care And Support Ltd, Manchester, M34, failed to pay £17,649.66 to 189 workers.        
    50. Sean Elliott, Ballymena, BT42, failed to pay £17,518.00 to 1 worker.        
    51. YTC Limited, Driffield, YO25, failed to pay £17,194.32 to 226 workers.        
    52. Virtual Marketing Services (Gibraltar) Ltd, Gibraltar, GX11, failed to pay £17,155.36 to 1 worker.        
    53. Wargrave Auto Centre Limited , Hounslow, TW5, failed to pay £17,114.70 to 37 workers.        
    54. Lawrence Davis Design Limited, Stoke On Trent, ST1, failed to pay £16,936.97 to 2 workers.        
    55. BJ Bright Day Nurseries Limited, Doncaster, DN5, failed to pay £16,759.85 to 19 workers.        
    56. Thorntons Limited, Alfreton, DE55, failed to pay £16,449.00 to 444 workers.        
    57. 24/7 Security and Events Ltd, Driffield, YO25, failed to pay £15,962.00 to 74 workers.        
    58. Winemark The Winemerchants Limited, Belfast, BT3, failed to pay £15,738.33 to 186 workers.        
    59. Anochrome Limited, Walsall, WS2, failed to pay £15,600.86 to 49 workers.        
    60. Allen Day Associates Limited, Bidwell, LU5, failed to pay £15,525.26 to 387 workers.        
    61. Equitas Solicitors Limited, Preston, PR2, failed to pay £15,412.15 to 72 workers.        
    62. Kingwood Limited, Wokingham, RG40, failed to pay £15,090.99 to 1 worker.        
    63. The Eastbury (Sherbourne) Limited, Sherborne, DT9, failed to pay £14,813.03 to 7 workers.        
    64. Elmoreton Limited, Belfast, BT7, failed to pay £14,782.81 to 391 workers.        
    65. Elliott Baxter & Company Limited , Farnborough, GU12, failed to pay £14,411.44 to 43 workers.        
    66. MA Bureau Limited, Croydon, CR0, failed to pay £13,226.91 to 6 workers.        
    67. Moto Hospitality Limited, Toddington, LU5, failed to pay £13,164.96 to 734 workers.        
    68. Slo Drinks Limited, Stockport, SK3, failed to pay £12,716.05 to 1 worker.        
    69. The Crown Hotel (Colne) Limited, Colne, BB8, failed to pay £12,642.18 to 2 workers.        
    70. EA Coaching Ltd, Birmingham, B34, failed to pay £12,378.25 to 18 workers.        
    71. Hydes’ Brewery Limited, Salford, M50, failed to pay £12,281.18 to 176 workers.        
    72. Elior UK PLC, Macclesfield, SK11, failed to pay £12,198.61 to 496 workers.        
    73. Savoy Tyres Limited, Kingston Upon Hull, HU8, failed to pay £11,921.60 to 6 workers.        
    74. PK Sales & Lettings Ltd, Greenwich, SE18, failed to pay £11,885.46 to 5 workers.        
    75. Quokka Solutions Ltd, Sunderland , SR5, failed to pay £11,605.84 to 15 workers.        
    76. Elix-Irr Consulting Services Limited, London, EC2V, failed to pay £11,101.13 to 21 workers.        
    77. Go To The Venue Limited, Oswestry, SY11, failed to pay £10,974.19 to 21 workers.        
    78. JWDW Limited, Doncaster, DN4, failed to pay £10,699.64 to 21 workers.        
    79. Mr Stuart Benson, Heywood, OL10, failed to pay £10,600.34 to 1 worker.        
    80. Philip Russell Limited, Belfast, BT6, failed to pay £10,507.58 to 111 workers.        
    81. Energy Kidz Ltd, Wokingham , RG41, failed to pay £10,479.36 to 199 workers.        
    82. ABC Pre-School Limited, Culcheth, WA3, failed to pay £10,393.39 to 16 workers.        
    83. YAM 110 Limited, Bradford, BD8, failed to pay £10,021.48 to 22 workers.        
    84. Lord Charles P Courtenay, Kenton, EX6, failed to pay £9,930.78 to 1 worker.        
    85. React Homecare Ltd, Mansfield, NG21, failed to pay £9,907.42 to 127 workers.        
    86. Lutonestateandlettings Ltd, Luton, LU3, failed to pay £9,887.66 to 4 workers.        
    87. Jill Birt, Bolton, BL5, failed to pay £9,819.79 to 3 workers.        
    88. The House That Jack Built (Day Nursery) Limited, Marlow, SL7, failed to pay £9,810.00 to 8 workers.        
    89. IWE Services Limited, Staxton, YO12, failed to pay £9,803.34 to 3 workers.        
    90. At Home – Specialists in Care Ltd, Pocklington, YO42, failed to pay £9,737.27 to 26 workers.        
    91. Mr Albert Cepa, Chesterfield, S40, failed to pay £9,677.33 to 4 workers.        
    92. Top Gas Heating & Plumbing Limited, Bristol, BS15, failed to pay £9,675.90 to 4 workers.        
    93. Brookfield Retail Ltd, Dewsbury, WF12, failed to pay £9,544.19 to 52 workers.        
    94. Clock House Farm Limited, Maidstone, ME17, failed to pay £9,384.53 to 69 workers.        
    95. Panic Deliveries Limited, Oldbury , B69, failed to pay £9,362.96 to 29 workers.        
    96. Steve Kane Painting & Decorating Limited, Doncaster, DN3, failed to pay £9,317.13 to 11 workers.        
    97. Wine Inns Limited, Belfast, BT3, failed to pay £9,295.35 to 103 workers.        
    98. SOS Homecare Ltd, Stretford, M32, failed to pay £9,186.36 to 293 workers.        
    99. Parkway Derby Limited, Derby, DE24, failed to pay £9,083.64 to 11 workers.        
    100. Lashes Nails and Brows Ltd, Thornton Heath, CR7, failed to pay £9,074.84 to 3 workers.        
    101. Mrs Carol Olsen , Bedlington, NE22, failed to pay £8,988.13 to 25 workers.        
    102. Teddy Bear Nursery Limited, Rochdale, OL16, failed to pay £8,982.22 to 32 workers.        
    103. R.H. Wilson (Chemists) Limited, Blackburn, BB1, failed to pay £8,925.53 to 11 workers.        
    104. Mr James Westcott, Newport, PO30, failed to pay £8,587.49 to 33 workers.        
    105. Mr Orhan Esen, Dumfries, DG1, failed to pay £8,513.17 to 5 workers.        
    106. Waterloo and Taunton Conservative Club, Ashton-Under-Lyne, OL7, failed to pay £8,468.51 to 3 workers.        
    107. Aramark Limited, Leeds, LS16, failed to pay £8,407.77 to 154 workers.        
    108. Mr Mario Wood, Stalybridge, SK15, failed to pay £8,040.26 to 3 workers.        
    109. Mr Paul S Clerehugh T/A , Henley-On-Thames, RG9, failed to pay £8,029.07 to 20 workers.        
    110. Waggon & Horses (Matley) Ltd, Stalybridge, SK15, failed to pay £8,016.08 to 57 workers.        
    111. Rice Solutions Limited, Southport, PR8, failed to pay £7,921.26 to 2 workers.        
    112. UK Hairdressers 2019 Limited, Birmingham, B16, failed to pay £7,870.93 to 13 workers.        
    113. LIBERTY MUSIC PR LTD, Brighton, BN1, failed to pay £7,663.84 to 3 workers.        
    114. Turkuaz Limited, Cheadle, SK8, failed to pay £7,655.93 to 3 workers.        
    115. Belgravia Mews Hotel Limited, South Kensington, SW5, failed to pay £7,646.84 to 14 workers.        
    116. Start Afresh Cleaning Limited, Ipswich, IP1, failed to pay £7,630.05 to 15 workers.        
    117. Mr Atul Patel & Mr Bhikhubhai Patel, Northampton, NN5, failed to pay £7,386.13 to 1 worker.        
    118. K J Curson Growers Limited, Wisbech, PE14, failed to pay £7,311.72 to 11 workers.        
    119. Artico Limited, Monmouth, NP25, failed to pay £7,306.40 to 1 worker.        
    120. Tristan HCW Ltd, Bedford, MK41, failed to pay £7,227.75 to 7 workers.        
    121. Mainstage Festivals Limited, Southwark, SE1, failed to pay £7,089.61 to 4 workers.        
    122. Talash Limited, CV32, failed to pay £7,053.17 to 53 workers.        
    123. J D Wetherspoon Plc, Watford , WD24, failed to pay £7,000.00 to 282 workers.        
    124. Aroma Expresso Bar Limited, London, NW4, failed to pay £6,967.02 to 2 workers.        
    125. Lymedale Motors Limited, Newcastle Under Lyme, ST5, failed to pay £6,859.90 to 3 workers.        
    126. Golders Green Hairdressing Limited, Finchley, NW11, failed to pay £6,846.53 to 10 workers.        
    127. Head Office Hair and Beauty (Scotland) Ltd., Glasgow, G61, failed to pay £6,803.01 to 2 workers.        
    128. The Stair Arms Hotel Ltd, Pathhead, EH37, failed to pay £6,787.54 to 1 worker.        
    129. Springfields Supported Services Limited, Barking, IG11, failed to pay £6,693.35 to 19 workers.        
    130. Network Tyre & Auto Limited, Dartford, DA1, failed to pay £6,529.19 to 7 workers.        
    131. Specialist Computer Centres Plc, Birmingham, B11, failed to pay £6,491.66 to 28 workers.        
    132. Treetops Childrens Nursery Ltd, Blackpool, FY2, failed to pay £6,450.52 to 45 workers.        
    133. McDonald & Munro Limited, Elgin, IV30, failed to pay £6,436.10 to 2 workers.        
    134. Suez Recycling and Recovery UK Ltd, Maidenhead, SL6, failed to pay £6,387.96 to 47 workers.        
    135. Woodhall Capital Limited, London, EC4N, failed to pay £6,294.25 to 1 worker.        
    136. Mr Steven Prested, Meadowfield, DH7, failed to pay £6,207.12 to 1 worker.        
    137. Best Social Enterprise Ltd, London, SE1, failed to pay £6,171.64 to 10 workers.        
    138. The Buck House Limited, Wrexham, LL13, failed to pay £6,101.67 to 1 worker.        
    139. Mahmoud Shaduman Ali , Derby , DE23, failed to pay £6,091.90 to 6 workers.        
    140. Get Your Mobi Limited, Lancaster, LA1, failed to pay £6,069.51 to 8 workers.        
    141. Robertson Facilities Management Limited, Elgin, IV30, failed to pay £5,864.37 to 51 workers.        
    142. Orion Group London Limited, Wandsworth, SW18, failed to pay £5,818.69 to 1 worker.        
    143. Dee Kay Knitwear Ltd, Leicester, LE4, failed to pay £5,801.65 to 38 workers.        
    144. Miss J J Smart, Southampton, SO31, failed to pay £5,778.65 to 1 worker.        
    145. Zhanna Horn, Torquay, TQ2, failed to pay £5,749.66 to 2 workers.        
    146. The Fernlea Hotel Limited, Lytham St Annes, FY8, failed to pay £5,698.56 to 4 workers.        
    147. Gogo and Fried Chicken Limited, Coventry, CV1, failed to pay £5,665.58 to 9 workers.        
    148. Chess People Limited, Alderley Edge, SK9, failed to pay £5,629.12 to 1 worker.        
    149. Building Blocks Day Nursery (NI) Ltd, Toome, BT41, failed to pay £5,576.45 to 45 workers.        
    150. Mr Christopher Owston, North Shields, NE29, failed to pay £5,571.27 to 1 worker.        
    151. LJ Care Homes Ltd, Lincoln, LN4, failed to pay £5,568.84 to 56 workers.        
    152. Crossgates Stop N Shop Ltd, Leeds, LS15, failed to pay £5,545.63 to 4 workers.        
    153. BLFL Services Ltd, Burnham on Crouch, CM0, failed to pay £5,496.06 to 3 workers.        
    154. Mr Nigel Ian Fisher, Romsey, SO51, failed to pay £5,442.49 to 1 worker.        
    155. Mr Mathew James Hicks, Whitchurch, RG28, failed to pay £5,439.43 to 3 workers.        
    156. Old Town Car Wash Ltd, Hastings, TN35, failed to pay £5,422.92 to 5 workers.        
    157. London Street Brasserie Limited, Reading, RG1, failed to pay £5,343.77 to 13 workers.        
    158. Coton Care Limited, Wolverhampton, WV4, failed to pay £5,342.58 to 47 workers.        
    159. Epilepsy Society, Chalfont St Peter, SL9, failed to pay £5,293.99 to 1 worker.        
    160. Premier Work Support Limited, Chatham, ME4, failed to pay £5,272.92 to 428 workers.        
    161. Power Leisure Bookmakers Limited, Hammersmith, W6, failed to pay £5,245.57 to 257 workers.        
    162. Star Lite Jobs Limited, Ilford, IG1, failed to pay £5,237.44 to 67 workers.        
    163. Vivienne Westwood Limited, Wandsworth, SW11, failed to pay £5,232.00 to 1 worker.        
    164. A.P.C. Panels Ltd, Barry, CF63, failed to pay £5,220.60 to 7 workers.        
    165. Ghani Systems Ltd, Glasgow, G42, failed to pay £5,209.68 to 15 workers.        
    166. Taylor Dental Laboratory Limited, Leicester, LE5, failed to pay £5,189.75 to 1 worker.        
    167. MEDS2U Limited, Barnsley, S73, failed to pay £5,057.78 to 8 workers.        
    168. Total Cleaning South Limited, Manston, CT12, failed to pay £5,054.94 to 218 workers.        
    169. Decorative Panels Furniture Limited , Elland, HX5, failed to pay £5,045.43 to 62 workers.        
    170. Supercar Italia Ltd, Westerham, TN16, failed to pay £4,997.94 to 1 worker.        
    171. Miss Gemma Tattersall, Horsham, RH13, failed to pay £4,886.88 to 3 workers.        
    172. Mr Muhammed Afzal Jabarkhail , Clydebank, G81, failed to pay £4,873.12 to 1 worker.        
    173. Mr Shamim Ahmed, Braunton, EX33, failed to pay £4,867.46 to 1 worker.        
    174. Canei International Limited, Nottingham, NG10, failed to pay £4,752.20 to 1 worker.        
    175. Kitty Café Leeds Limited, Leeds, LS1, failed to pay £4,745.99 to 10 workers.        
    176. DES Healthcare Limited, Lincoln, LN5, failed to pay £4,634.94 to 36 workers.        
    177. Lakeside Day Nursery Limited , Swansea, SA6, failed to pay £4,631.93 to 3 workers.        
    178. Zayani Limited, West Drayton, UB7, failed to pay £4,593.39 to 2 workers.        
    179. Eaton Electrical Systems Limited, Doncaster, DN2, failed to pay £4,576.09 to 24 workers.        
    180. Mr Fadhil Omar Ibrahim , Ripley, DE5, failed to pay £4,482.40 to 5 workers.        
    181. Central Garage (Chesham) Ltd, Hyde Heath, HP6, failed to pay £4,416.25 to 1 worker.        
    182. Imperial College of Science, Technology and Medicine, Exhibition Road, SW7, failed to pay £4,372.16 to 1 worker.        
    183. Penrhyn Inns Limited, Oldham, OL4, failed to pay £4,324.94 to 33 workers.        
    184. Everest Hotels Limited, Powys, NP8, failed to pay £4,274.77 to 4 workers.        
    185. Coastal Heating Ltd, Sheringham, NR26, failed to pay £4,267.76 to 1 worker.        
    186. UK Solutions Limited, Chelmsford, CM1, failed to pay £4,267.22 to 28 workers.        
    187. NEO Property Solutions Limited, Leeds, LS9, failed to pay £4,263.52 to 16 workers.        
    188. Mountford House Nursery Limited, Nottingham, NG5, failed to pay £4,195.32 to 1 worker.        
    189. Major Cleaning Services Limited, Potters Bar, EN6, failed to pay £4,194.74 to 25 workers.        
    190. Witham Valeting Ltd, Witham , CM8, failed to pay £4,166.48 to 8 workers.        
    191. Parsons Bakery Limited, Bristol, BS3, failed to pay £4,134.64 to 44 workers.        
    192. Mr Amir Rasool, Langholm, DG13, failed to pay £4,083.79 to 1 worker.        
    193. Grosvenor Concierge Limited  (previously GCS Facility Services Limited), Skegness, PE25, failed to pay £4,056.99 to 120 workers.        
    194. Industrial Cleaning Services (UK) Ltd, Camden, WC1N, failed to pay £4,048.91 to 41 workers.        
    195. Spring Cleaning Services Limited, Cheltenham, GL51, failed to pay £3,989.71 to 16 workers.        
    196. Sunlit Ltd, Lewisham, SE6, failed to pay £3,973.49 to 4 workers.        
    197. Blink Productions Limited, Holloway, N7, failed to pay £3,910.06 to 4 workers.        
    198. DSM Joinery Contractors Limited, Dunfermline, KY11, failed to pay £3,905.50 to 2 workers.        
    199. Fashion Fabric Transprinters Limited, Leicester, LE4, failed to pay £3,779.70 to 2 workers.        
    200. Mrs Imogen Katherine Wyvill, Mr Marmaduke D’Arcy William Wyvill and Mr Marmaduke Charles Astey Wyvill, Leyburn, DL8, failed to pay £3,724.37 to 16 workers.        
    201. Mrs Nalani Carr, Haverhill, CB9, failed to pay £3,702.83 to 1 worker.        
    202. Temple Farm Limited, Ramsgate, CT11, failed to pay £3,696.54 to 57 workers.        
    203. Walker Outboard Services Limited, Reading, RG4, failed to pay £3,647.76 to 1 worker.        
    204. Shah Foods Ltd, Newham, E16, failed to pay £3,638.69 to 2 workers.        
    205. City Office (NI) Ltd, Belfast, BT12, failed to pay £3,622.46 to 2 workers.        
    206. Ms Stacey Baker, Doune, FK16, failed to pay £3,582.87 to 1 worker.        
    207. Joarr Hot Food Emporium Limited, Southport, PR9, failed to pay £3,564.00 to 1 worker.        
    208. St John’s Road Garage Limited, Dartford, DA2, failed to pay £3,525.63 to 1 worker.        
    209. Alanya Catering Ltd, Nottingham, NG1, failed to pay £3,489.42 to 7 workers.        
    210. Care Direct Group Limited, Eastbourne, BN21, failed to pay £3,484.98 to 35 workers.        
    211. Baudelaire Limited, Alresford , SO24, failed to pay £3,454.06 to 1 worker.        
    212. House Of Glamour Limited, East Dulwich, SE22, failed to pay £3,433.06 to 1 worker.        
    213. Oshibori Scotland Ltd, Dundee, DD1, failed to pay £3,328.44 to 5 workers.        
    214. Yatab Company Ltd, Rainham, RM13, failed to pay £3,292.77 to 7 workers.        
    215. Cheeky Monkey Day Nurseries Limited, Birmingham, B15, failed to pay £3,272.93 to 22 workers.        
    216. S & W Developments Limited, Doncaster, DN5, failed to pay £3,253.46 to 1 worker.        
    217. The Lady Cleaner Ltd, Eastbourne, BN23, failed to pay £3,233.28 to 26 workers.        
    218. Mi Casa Care Ltd, Mansfield, NG19, failed to pay £3,221.07 to 23 workers.        
    219. SNC-LAVALIN RAIL & TRANSIT LIMITED, Epsom, KT18, failed to pay £3,212.78 to 11 workers.        
    220. Little Flowers Limited, Renfrew, PA4, failed to pay £3,162.05 to 1 worker.        
    221. Little Ducklings Day Nursery (Garstang) Limited, Preston, PR3, failed to pay £3,157.18 to 1 worker.        
    222. Fresh 75 Limited, Newport, PO30, failed to pay £3,132.90 to 1 worker.        
    223. Excel Parking Services Limited, Sheffield, S9, failed to pay £3,124.95 to 14 workers.        
    224. Mr Simon Foster and Mrs Jane Foster, Skipton, BD23, failed to pay £3,124.66 to 1 worker.        
    225. Mr Daniel Jenkinson , Preston, PR1, failed to pay £3,104.72 to 1 worker.        
    226. Spanners & Sparks (EK) Limited, Glasgow, G75, failed to pay £3,093.15 to 5 workers.        
    227. Central Electrical Contracts Limited, Wolverhampton, WV6, failed to pay £3,086.28 to 5 workers.        
    228. Branded Housewares Limited, Wolverhampton, WV2, failed to pay £3,066.72 to 4 workers.        
    229. Valerie Anne Sheen , Honiton, EX14, failed to pay £3,057.10 to 18 workers.        
    230. Rosebridge Private Day Nursery Limited, Wigan, WN1, failed to pay £3,056.94 to 19 workers.        
    231. Elite Motors Bodyshop Limited, Northampton, NN5, failed to pay £3,055.68 to 8 workers.        
    232. Roux Waterside Inn Limited, Bray, SL6, failed to pay £3,022.52 to 19 workers.        
    233. P.B Services (Wales) Limited, Mountain Ash, CF45, failed to pay £3,008.30 to 2 workers.        
    234. Lostock Hall Academy Trust, Preston, PR5, failed to pay £2,993.98 to 2 workers.        
    235. Taylor Shaw Limited, Macclesfield, SK11, failed to pay £2,958.43 to 2 workers.        
    236. Sage Hair Care (Salons) Limited, Cardiff, CF5, failed to pay £2,938.09 to 3 workers.        
    237. Mr Andrew Petrou, Walworth, SE17, failed to pay £2,907.33 to 1 worker.        
    238. Crystal Car Wash and Valeting Ltd, Loughborough, LE11, failed to pay £2,852.00 to 1 worker.        
    239. KEYSIGNS LIMITED, Bellshill, ML4, failed to pay £2,851.78 to 4 workers.        
    240. Centerplate UK Limited, Camden, WC1B, failed to pay £2,829.64 to 167 workers.        
    241. MN Support Services Limited, Queens Park, W10, failed to pay £2,829.17 to 294 workers.        
    242. Kirklees Active Leisure , Huddersfield, HD1, failed to pay £2,821.46 to 18 workers.        
    243. Marsden Healthcare Limited, Nelson, BB9, failed to pay £2,811.05 to 22 workers.        
    244. Mrs Michelle S Chandler, Birmingham, B44, failed to pay £2,806.72 to 2 workers.        
    245. Jamie Stevens (Kensington) Ltd, Kensington, W8, failed to pay £2,779.88 to 2 workers.        
    246. Filco Supermarkets Limited, Llantwit Major, CF61, failed to pay £2,772.41 to 118 workers.        
    247. AFH Ltd, Cardiff, CF24, failed to pay £2,771.99 to 4 workers.        
    248. Ms Philippa Funnell, Dorking, RH5, failed to pay £2,746.65 to 2 workers.        
    249. Kids at Heart (Harrogate) Limited, Knaresborough, HG5, failed to pay £2,746.08 to 3 workers.        
    250. Sparkle Cleaning Co. (London) Limited, Croydon, CR5, failed to pay £2,732.94 to 25 workers.        
    251. Lexington Catering Limited, Camden, EC4N, failed to pay £2,714.52 to 64 workers.        
    252. What A Hoot Day Nursery Limited, Blyth, NE24, failed to pay £2,712.53 to 4 workers.        
    253. Mr Andy B Fitzsimmons, Mr Ford B Fitzsimmons and Mrs Theresa G Fitzsimmons, Kilwinning, KA13, failed to pay £2,694.78 to 15 workers.        
    254. QSO Ltd, Leeds, LS4, failed to pay £2,675.41 to 10 workers.        
    255. Parkers Pets Limited, Southsea, PO5, failed to pay £2,665.49 to 2 workers.        
    256. Kazoku Restaurant Group Ltd, Sevenoaks, TN13, failed to pay £2,665.15 to 1 worker.        
    257. Madames Hair & Beauty Limited, Swindon, SN3, failed to pay £2,656.41 to 1 worker.        
    258. Acerta Group Limited , Warwick, CV34, failed to pay £2,629.00 to 13 workers.        
    259. London Auto Parts Limited, Wembley, HA0, failed to pay £2,622.17 to 2 workers.        
    260. Killan Structural Limited, Oldham, OL3, failed to pay £2,620.45 to 2 workers.        
    261. Sandersons (N.W.) Ltd, Blackpool, FY4, failed to pay £2,603.82 to 3 workers.        
    262. A & K Home Care Services Ltd, Napton, CV47, failed to pay £2,603.14 to 78 workers.        
    263. Chaplins Hotel Limited, Blackpool, FY1, failed to pay £2,586.56 to 2 workers.        
    264. Calmac Developments Limited, Dumfries, DG2, failed to pay £2,583.77 to 17 workers.        
    265. La Reserve Aparthotel (Manchester) Limited, Manchester, M1, failed to pay £2,567.66 to 13 workers.        
    266. Ultimate Stores Limited, London, NW1, failed to pay £2,560.34 to 4 workers.        
    267. Drayton Manor Resort Limited, Tamworth, B78, failed to pay £2,559.58 to 25 workers.        
    268. Community Foundation, Birmingham, B19, failed to pay £2,500.24 to 2 workers.        
    269. D and G Pub Company Limited, Darlington, DL3, failed to pay £2,498.17 to 35 workers.        
    270. Poplars Blossoms Nursery School Limited, Nottingham, NG5, failed to pay £2,494.39 to 1 worker.        
    271. Vonsung Limited, Islington, EC1Y, failed to pay £2,485.20 to 1 worker.        
    272. Cornish Premier Pasties Limited, Newquay, TR9, failed to pay £2,467.45 to 53 workers.        
    273. The Clansmans Rest Ltd, Glasgow, G40, failed to pay £2,417.22 to 3 workers.        
    274. Natural Care 53 Limited, Manchester, M12, failed to pay £2,412.03 to 1 worker.        
    275. TKE Landscaping Ltd, Wendens Ambo, CB11, failed to pay £2,403.16 to 3 workers.        
    276. Mockingbird Lane Ltd, Glasgow, G11, failed to pay £2,387.07 to 1 worker.        
    277. Mr Patrick G Neilan, Glasgow, G43, failed to pay £2,383.29 to 2 workers.        
    278. Brean Leisure Park Ltd, Berrow, Burnham-on-Sea, TA8, failed to pay £2,371.57 to 12 workers.        
    279. Davidsons Plumbing & Heating Limited , Bristol, BS5, failed to pay £2,349.54 to 4 workers.        
    280. Motor Body Centre Limited, Birmingham, B18, failed to pay £2,346.49 to 1 worker.        
    281. S & S Care (UK) Limited, Caergwrle, LL12, failed to pay £2,340.72 to 49 workers.        
    282. Kelton Nursery, Liverpool, L18, failed to pay £2,334.79 to 10 workers.        
    283. Asset India Limited, Harrow, HA1, failed to pay £2,334.54 to 2 workers.        
    284. Safegas UK Ltd, Swinton, M27, failed to pay £2,277.54 to 1 worker.        
    285. Mert GB 2 Limited, East Ham, E6, failed to pay £2,261.38 to 1 worker.        
    286. Hallwell Projects Ltd, Plymouth, PL1, failed to pay £2,211.32 to 3 workers.        
    287. Mr Andrew Roy Milward, Pembroke Dock, SA72, failed to pay £2,205.31 to 1 worker.        
    288. R & R Retail UK Limited, Luton, LU4, failed to pay £2,201.05 to 16 workers.        
    289. Salon IPS Ltd, Ipswich, IP4, failed to pay £2,189.12 to 1 worker.        
    290. Mr Narinder Kumar Nar, Birmingham, B18, failed to pay £2,173.86 to 2 workers.        
    291. Old Mill Holiday Park Limited, St Helens, PO33, failed to pay £2,172.06 to 1 worker.        
    292. Ms Caroline Wright, Birmingham, B43, failed to pay £2,170.63 to 1 worker.        
    293. Dolphin Care (IOW) Limited, Wroxall Ventnor, PO38, failed to pay £2,155.09 to 6 workers.        
    294. Whistledown Inn Limited, Newry, BT34, failed to pay £2,154.29 to 46 workers.        
    295. Renegade Hair Studio Limited, Leeds, LS2, failed to pay £2,148.74 to 1 worker.        
    296. Lethendy Cheltenham Limited, Cheltenham, GL53, failed to pay £2,144.90 to 44 workers.        
    297. Heminstone Estates Limited, Colchester, CO2, failed to pay £2,137.35 to 10 workers.        
    298. S Leicester Ltd, Leicester, LE5, failed to pay £2,127.17 to 38 workers.        
    299. GB Vape Limited, Heckmondwike, WF16, failed to pay £2,119.82 to 7 workers.        
    300. P McCarthy Limited, Brandon, IP27, failed to pay £2,108.75 to 9 workers.        
    301. K. Foley Limited, Great Blakenham, NR2, failed to pay £2,104.81 to 94 workers.        
    302. AGL Attractions Limited , Burnham-On-Sea, TA8, failed to pay £2,090.06 to 24 workers.        
    303. Techlogico Limited, Knottingley, WF11, failed to pay £2,056.43 to 6 workers.        
    304. Mr Iain Stewart Matheson, Paisley, PA1, failed to pay £2,036.50 to 6 workers.        
    305. GLASGOW WATERLOO LIMITED, Glasgow, G2, failed to pay £2,020.36 to 41 workers.        
    306. R J Ferguson Company Limited, Stewartstown, BT71, failed to pay £2,014.04 to 3 workers.        
    307. Ms Susan Meheux, Southampton, SO31, failed to pay £2,008.66 to 12 workers.        
    308. Mr David Odudu, Sheffield, S9, failed to pay £1,992.53 to 1 worker.        
    309. Mr Hazar Ibrahim Hamid, Doncaster, DN5, failed to pay £1,961.64 to 5 workers.        
    310. M&C Jones Building Contractors Limited, Rhyl, LL18, failed to pay £1,954.46 to 2 workers.        
    311. Hi-Spec Facilities Services Ltd, Dartford, DA2, failed to pay £1,938.75 to 96 workers.        
    312. Calibre Building & Decorating Services Limited, Lichfield, WS13, failed to pay £1,937.89 to 1 worker.        
    313. CPM Electrical Ltd, Omagh, BT79, failed to pay £1,937.71 to 4 workers.        
    314. Ashbrook Roofing & Supplies Limited, Nr Matlock, DE4, failed to pay £1,912.65 to 5 workers.        
    315. Mr Thomas Hutchison, Prestonpans, EH32, failed to pay £1,901.44 to 1 worker.        
    316. Mr Khalid Javid, Chester, CH2, failed to pay £1,891.42 to 1 worker.        
    317. South Golden Mountain Limited, Eastbourne, BN21, failed to pay £1,888.52 to 1 worker.        
    318. Oldbury Grange Nursing Home Ltd, Nuneaton, CV10, failed to pay £1,878.02 to 65 workers.        
    319. OC Electric Limited, Benton, NE12, failed to pay £1,869.32 to 1 worker.        
    320. Seagrave Decorations Limited, Kettering, NN16, failed to pay £1,847.76 to 4 workers.        
    321. Little Angels Fun Club and Nursery Limited, Bedlington, NE22, failed to pay £1,832.96 to 92 workers.        
    322. GAPJ Ivinghoe Ltd, Leighton Buzzard, LU7, failed to pay £1,828.25 to 5 workers.        
    323. Vapour C Co Ltd, Gillingham, ME7, failed to pay £1,822.57 to 2 workers.        
    324. Wide Range Services Limited, Hull, HU12, failed to pay £1,816.72 to 1 worker.        
    325. Hughes (Family Bakers) Holdings Limited, Bradford, BD18, failed to pay £1,811.57 to 26 workers.        
    326. A W Pettitt Limited, Windermere, LA23, failed to pay £1,810.90 to 5 workers.        
    327. Smartway Holding Limited, Holloway, N7, failed to pay £1,800.00 to 1 worker.        
    328. Beaux Health and Wellbeing Ltd, Taunton, TA1, failed to pay £1,791.96 to 1 worker.        
    329. Saggiomo Luxury Foods Limited, Croydon, CR0, failed to pay £1,787.60 to 1 worker.        
    330. John Clark (Holdings) Limited , Aberdeen, AB12, failed to pay £1,785.63 to 5 workers.        
    331. Swiftclean (UK) Limited, Southend-on-Sea, SS2, failed to pay £1,761.48 to 5 workers.        
    332. Reachout Healthcare Limited, Stockport, SK5, failed to pay £1,757.42 to 31 workers.        
    333. Mr Ian T Henderson, Accrington, BB5, failed to pay £1,740.90 to 2 workers.        
    334. Clarke Group Construction Limited, Wyberton, PE21, failed to pay £1,736.49 to 1 worker.        
    335. MRB Cleaning Limited, Swansea, SA1, failed to pay £1,733.88 to 1 worker.        
    336. Mr John Fulton Allen & Mr John Gary King,  Strabane, BT82, failed to pay £1,725.59 to 1 worker.        
    337. Belmont Hotel (Leicester) Limited, Leicester, LE1, failed to pay £1,710.28 to 36 workers.        
    338. Mini Me Private Day Nursery Limited, Newport, NP19, failed to pay £1,708.33 to 15 workers.        
    339. Glow Trade Ltd, Leicester, LE5, failed to pay £1,706.46 to 20 workers.        
    340. Mr Jason Hearn, Taunton, TA1, failed to pay £1,706.12 to 2 workers.        
    341. Country Park Leisure Limited, Hessle, HU13, failed to pay £1,705.13 to 13 workers.        
    342. C & C Precision Engineering Services Limited, Rowley Regis, B65, failed to pay £1,704.30 to 1 worker.        
    343. Karen Jeffrey , Wishaw, ML2, failed to pay £1,683.58 to 4 workers.        
    344. DNA Cleaning Solutions Limited, Twickenham, TW2, failed to pay £1,670.29 to 25 workers.        
    345. Assured Care (Stockport) Ltd., Stockport, SK1, failed to pay £1,666.57 to 79 workers.        
    346. Graylaw International Freight Group Ltd, Skelmersdale, WN8, failed to pay £1,663.46 to 7 workers.        
    347. SPI Trading Limited, Lisburn , BT28, failed to pay £1,656.74 to 3 workers.        
    348. Executive Hire Ltd., Glasgow, G74, failed to pay £1,650.54 to 3 workers.        
    349. Accelerate Cleaning Solutions Ltd, Ipswich, IP7, failed to pay £1,650.38 to 106 workers.        
    350. LGH Plumbing & Heating Services Limited, Leigh, WN7, failed to pay £1,624.77 to 1 worker.        
    351. Samuel Eales Silverware Limited, Sheffield, S3, failed to pay £1,619.79 to 1 worker.        
    352. High Grove Beds Limited, Liversedge, WF15, failed to pay £1,610.43 to 8 workers.        
    353. Shakes n Cakes Aberdeen Ltd, Aberdeen, AB24, failed to pay £1,597.98 to 1 worker.        
    354. Bespoke Cuisine Ltd, Bethnal Green, EC1V, failed to pay £1,587.04 to 1 worker.        
    355. Mascallkelly Limited, Cleveland, TS12, failed to pay £1,576.59 to 19 workers.        
    356. Sher Gill Enterprises Limited, Dunoon, PA23, failed to pay £1,557.58 to 1 worker.        
    357. Ms Hiromi Sato, London, SW4, failed to pay £1,551.71 to 2 workers.        
    358. R.Loughlin Electrical Services Ltd, Castlederg, BT81, failed to pay £1,542.58 to 3 workers.        
    359. Papermoon Nurseries (Boultham Park) Limited, Lincoln, LN6, failed to pay £1,535.25 to 11 workers.        
    360. SB Rom Food Center Ltd, Hounslow, TW3, failed to pay £1,533.80 to 9 workers.        
    361. Mr Robert Pontefract, Stamford, PE9, failed to pay £1,531.55 to 1 worker.        
    362. Grant Leisure Group Limited, Blackpool, FY3, failed to pay £1,495.62 to 15 workers.        
    363. Everbright Lodge Ltd, Llangollen, LL20, failed to pay £1,475.07 to 25 workers.        
    364. Biscuit Clothing Ltd, Edinburgh, EH10, failed to pay £1,469.89 to 1 worker.        
    365. Brockencote Hall Hotel Limited, Leamington Spa, CV33, failed to pay £1,468.25 to 19 workers.        
    366. Mr Francis Joseph McParland and Mr Peter Liam McParland , Armagh, BT61, failed to pay £1,466.04 to 4 workers.        
    367. Colemans Garden Centre Ltd, Templepatrick, BT39, failed to pay £1,450.11 to 35 workers.        
    368. Southcoast Homecare Ltd, Chichester, PO19, failed to pay £1,438.93 to 9 workers.        
    369. Booth & Stirland Limited, Ripley, DE5, failed to pay £1,434.97 to 3 workers.        
    370. Grieve Decor Limited, Berwick Upon Tweed, TD15, failed to pay £1,415.11 to 2 workers.        
    371. Barry Tyre Centre Limited, Barry, CF63, failed to pay £1,408.88 to 1 worker.        
    372. Piddle Brewery Limited, Dorchester, DT2, failed to pay £1,407.79 to 1 worker.        
    373. Forseti Law Ltd, Bolton, BL1, failed to pay £1,403.87 to 1 worker.        
    374. Wash Me Clean Ltd, Bracknell, RG12, failed to pay £1,400.27 to 1 worker.        
    375. Colonnade (Operator) Limited, Little Venice, W9, failed to pay £1,385.11 to 1 worker.        
    376. Mario Gianni Limited, Stockport, SK7, failed to pay £1,378.94 to 3 workers.        
    377. Moyo’s Brothers Limited, Brighton, BN1, failed to pay £1,373.14 to 2 workers.        
    378. Atticus Cleaning Services Limited, Altrincham, WA14, failed to pay £1,364.89 to 1 worker.        
    379. Mrs Jane Boome and Miss Verity Jane Boome, Peterborough, PE7, failed to pay £1,360.84 to 13 workers.        
    380. Get Grip Auto Ltd, Cheltenham, GL53, failed to pay £1,348.25 to 2 workers.        
    381. Downs Holdings Limited, Yarm, TS15, failed to pay £1,339.48 to 8 workers.        
    382. Direct Cleaning Services (Oxford) Limited, Weston-Super-Mare, BS22, failed to pay £1,323.74 to 1 worker.        
    383. Viv Designs Ltd, Gravesend, DA12, failed to pay £1,317.95 to 1 worker.        
    384. Sycamore Farm Park Limited, Skegness, PE24, failed to pay £1,311.54 to 2 workers.        
    385. SMK Building & Joinery Contractors Ltd, Todmorden, OL14, failed to pay £1,297.16 to 1 worker.        
    386. Richard Tate Limited, Leeds, LS10, failed to pay £1,294.02 to 1 worker.        
    387. JDP Hotels Ltd, Wakefield, WF2, failed to pay £1,289.98 to 34 workers.        
    388. Miss Abby Fox, Widnes, WA8, failed to pay £1,270.35 to 10 workers.        
    389. Polish Village Bakery Ltd, Manchester , M17, failed to pay £1,267.37 to 43 workers.        
    390. ENERGY DUNDEE 4 U LTD , Dundee, DD4, failed to pay £1,263.65 to 15 workers.        
    391. Synvestment Ltd, High Wycombe, HP12, failed to pay £1,262.39 to 2 workers.        
    392. Peony Culture Communication Limited, Newcastle Upon Tyne, NE1, failed to pay £1,247.02 to 1 worker.        
    393. Easy Clean Contractors Limited, Peterborough, PE7, failed to pay £1,246.92 to 125 workers.        
    394. R Binks Construction Limited, Bolton, BL2, failed to pay £1,244.33 to 3 workers.        
    395. Mrs Julie Shaw, Knaresborough, HG5, failed to pay £1,231.68 to 20 workers.        
    396. Mrs Karaimjit Gill, Barry, CF63, failed to pay £1,230.73 to 1 worker.        
    397. Mcaleer & McGarrity Ltd, Cookstown, BT80, failed to pay £1,207.77 to 2 workers.        
    398. M.P.M Consumer Products Limited, Manchester, M11, failed to pay £1,205.73 to 32 workers.        
    399. K.L.N. Limited , Brent, NW6, failed to pay £1,203.83 to 2 workers.        
    400. GMD SERVICES LIMITED, Kingston Upon Hull, HU3, failed to pay £1,193.24 to 2 workers.        
    401. C.V.East Ltd, Colchester , CO1, failed to pay £1,185.68 to 7 workers.        
    402. Mr Jonathan Hope and Mr Charlie Hope, Slough, SL3, failed to pay £1,183.12 to 3 workers.        
    403. Belshaw Bookkeeping Services Limited, Bacup, OL13, failed to pay £1,179.76 to 1 worker.        
    404. D Allen Transport Limited, St Helens, WA9, failed to pay £1,178.73 to 4 workers.        
    405. Mrs S & Mr G Clough, Bradford, BD12, failed to pay £1,162.79 to 1 worker.        
    406. Golden Cue Snooker Club Limited, Bilston, WV14, failed to pay £1,147.43 to 1 worker.        
    407. South Wales Building and Construction Limited, Newport, NP11, failed to pay £1,135.47 to 2 workers.        
    408. Form Communal Maintenance Limited, Hartford, CW8, failed to pay £1,131.97 to 1 worker.        
    409. SMS Bars Limited, Stockport, SK1, failed to pay £1,115.11 to 2 workers.        
    410. Grace Construction and Management Ltd, Derby, DE1, failed to pay £1,113.49 to 1 worker.        
    411. Alveston House Hotel Limited, Thornbury, BS35, failed to pay £1,109.12 to 1 worker.        
    412. Mrs Pearl Moore, Blackpool, FY4, failed to pay £1,094.75 to 3 workers.        
    413. Think Wraps Ltd, Poole, BH12, failed to pay £1,053.08 to 1 worker.        
    414. Telebizz Ltd, Plymouth, PL7, failed to pay £1,048.56 to 72 workers.        
    415. Hill Top Day Nursery Limited, Swadlincote, DE12, failed to pay £1,041.04 to 2 workers.        
    416. W. Corbett & Co. (Galvanizing) Limited, Telford, TF7, failed to pay £1,039.53 to 36 workers.        
    417. Autocare (Benfleet) Limited, Stanford-Le-Hope, SS17, failed to pay £1,032.23 to 2 workers.        
    418. Pork Farms Limited, Nottingham, NG2, failed to pay £1,029.77 to 9 workers.        
    419. Galdin Limited, Hackney, N1, failed to pay £1,024.50 to 5 workers.        
    420. Trinity Park Nursery Ltd, Craigavon, BT67, failed to pay £1,020.97 to 17 workers.        
    421. Mr Thanabalasingam Ketheeswarathas and Mrs Sivasuki Ketheeswarathas, Ipswich, IP2, failed to pay £1,006.83 to 2 workers.        
    422. G P H Carpentry Limited, Newquay, TR8, failed to pay £1,003.04 to 2 workers.        
    423. Euro Car Wash (South East) Limited, Greenwich, SE7, failed to pay £992.56 to 3 workers.        
    424. Mrs Melanie Elizabet Brown, Kirkcaldy, KY1, failed to pay £986.58 to 1 worker.        
    425. A O Hand Car Wash & Valeting Ltd, Peckham, SE15, failed to pay £982.62 to 3 workers.        
    426. Dash-Cae Limited, Oxford, OX14, failed to pay £976.19 to 1 worker.        
    427. Janette Allen Limited, Braintree, CM77, failed to pay £976.18 to 1 worker.        
    428. Ms Sarah Balfour, York, YO10, failed to pay £967.87 to 1 worker.        
    429. Allied Industrial Products Limited, Salford, M5, failed to pay £955.78 to 1 worker.        
    430. Cummins Ltd, Darlington, DL1, failed to pay £954.04 to 11 workers.        
    431. Ramsbottom Cricket Club, Bury, BL0, failed to pay £931.67 to 2 workers.        
    432. Soughton Shoot Limited, Northop, Mold,, CH7, failed to pay £927.24 to 1 worker.        
    433. Mrs Penni Durdy, Doncaster, DN9, failed to pay £924.04 to 1 worker.        
    434. Friends Care Agency Limited, Sandy, SG19, failed to pay £923.84 to 20 workers.        
    435. French Connection UK Limited, Camden, NW1, failed to pay £917.95 to 57 workers.        
    436. Precision Workwear Limited, Stamford, PE9, failed to pay £916.35 to 1 worker.        
    437. Joinex Joinery Express Limited, Brentford, TW8, failed to pay £882.61 to 12 workers.        
    438. Yorkcloud Limited, Ulverston, LA12, failed to pay £872.20 to 2 workers.        
    439. KR Scotland Ltd, Edinburgh, EH3, failed to pay £849.21 to 3 workers.        
    440. The KLE (Berwick) Group Ltd, Berwick Upon Tweed, TD15, failed to pay £838.48 to 2 workers.        
    441. Zig Zag Day Nursery Limited, Peterborough, PE1, failed to pay £827.98 to 21 workers.        
    442. Birdies Day Nursery Limited, Lisburn, BT28, failed to pay £821.32 to 8 workers.        
    443. Sooty Olive Ltd, Waterside, BT47, failed to pay £819.24 to 33 workers.        
    444. Bright Bees Nursery Ltd, Leicester, LE4, failed to pay £817.06 to 1 worker.        
    445. What The Fish Limited, Richmond upon Thames, SW14, failed to pay £801.08 to 1 worker.        
    446. SFC (Edmonton) Limited, Enfield, N9, failed to pay £798.22 to 2 workers.        
    447. Fairytales Day Nursery Limited, Dudley, DY2, failed to pay £793.38 to 7 workers.        
    448. R.G.R. Garages (Cranfield) Limited, Bedford, MK43, failed to pay £791.65 to 1 worker.        
    449. Mad Goose Catering Limited, Ellington, PE28, failed to pay £788.54 to 3 workers.        
    450. Mr Grzegorz Biezunski, Trowbridge, BA14, failed to pay £787.80 to 1 worker.        
    451. Futurerate Limited, Loughborough, LE12, failed to pay £787.20 to 1 worker.        
    452. Kids Korner Day Nurseries Ltd, Belfast, BT6, failed to pay £779.81 to 23 workers.        
    453. Inter County Cleaning Services Limited, Rushden, NN10, failed to pay £754.38 to 106 workers.        
    454. Spring Clean Commercial Ltd, Norwich, NR16, failed to pay £753.17 to 107 workers.        
    455. Clean Living Services Limited, Lambeth, SW8, failed to pay £749.48 to 16 workers.        
    456. Le Petit Francais Ltd, Edinburgh, EH6, failed to pay £744.52 to 10 workers.        
    457. Playworks Childcare Limited, Caerphilly, CF83, failed to pay £743.64 to 5 workers.        
    458. Wickhambrook Stores Limited, Newmarket, CB8, failed to pay £729.88 to 1 worker.        
    459. Rothco Independent Mortgages Ltd, Alnwick, NE66, failed to pay £729.83 to 1 worker.        
    460. James David Segal, Hull, HU1, failed to pay £729.22 to 6 workers.        
    461. Daniel Thwaites Public Limited Company, Blackburn, BB2, failed to pay £724.73 to 23 workers.        
    462. HRUK Group of Companies Ltd, Leeds, LS8, failed to pay £719.11 to 1 worker.        
    463. Historic Hotels & Properties Ltd, Scarborough, YO11, failed to pay £707.11 to 5 workers.        
    464. Penge Car Care ltd, Croydon, SE25, failed to pay £682.48 to 2 workers.        
    465. Craig Gordon Building Services Ltd, Edinburgh, EH11, failed to pay £680.17 to 1 worker.        
    466. Mountview Hotels Ltd, Callander, FK17, failed to pay £672.60 to 1 worker.        
    467. Paragon Quality Foods Ltd, Doncaster, DN3, failed to pay £670.56 to 21 workers.        
    468. Core Electrical Solutions Ltd, Beckenham, BR3, failed to pay £658.78 to 2 workers.        
    469. Snacks Van Ltd, Watford, WD25, failed to pay £658.20 to 1 worker.        
    470. MacDonald Hotels (Management) Limited, Bathgate, EH48, failed to pay £648.78 to 1 worker.        
    471. Kelly Teggin Hairdressing Ltd, Knaresborough, HG5, failed to pay £647.19 to 1 worker.        
    472. Safe Gas (N.I.) Limited, Newtonabbey, BT36, failed to pay £639.10 to 1 worker.        
    473. Harrison Wade Ltd, Manchester, M1, failed to pay £636.04 to 2 workers.        
    474. Spectrum Energy Guard Ltd, Bournemouth, BH1, failed to pay £621.72 to 1 worker.        
    475. Gastronomy Foods UK Limited, Shrewsbury, SY1, failed to pay £618.76 to 51 workers.        
    476. Jobseekrs Limited, Manchester, M15, failed to pay £613.88 to 1 worker.        
    477. Stepping-Stones-Services Limited, Rochdale, OL11, failed to pay £611.13 to 19 workers.        
    478. Tramp Hair Boutique Limited, Stockport, SK1, failed to pay £610.40 to 1 worker.        
    479. Emporio Fashion Ltd, Leicester, LE5, failed to pay £608.85 to 18 workers.        
    480. Halton Concrete Ltd, Widnes, WA8, failed to pay £607.43 to 2 workers.        
    481. Kanto Stranmillis Limited, Belfast, BT9, failed to pay £590.15 to 1 worker.        
    482. Complete Payroll and Accountancy Limited, Altrincham, M33, failed to pay £584.24 to 1 worker.        
    483. Flawless Cleaning Ltd, Smethwick, B66, failed to pay £582.02 to 1 worker.        
    484. Al Halal Supermarket Limited , Bradford, BD7, failed to pay £581.64 to 7 workers.        
    485. Max & Molly Limited, Wigan, WN3, failed to pay £579.96 to 1 worker.        
    486. Happy Children Day Nursery Limited, Ballynahinch, BT24, failed to pay £573.74 to 12 workers.        
    487. Jagard Valeting & Cleaning Services Ltd, Wellingborough, NN8, failed to pay £573.47 to 2 workers.        
    488. 247 Convenience Store (Bury) Ltd, Bury, BL8, failed to pay £571.63 to 1 worker.        
    489. The Race Horses Hotel Limited, Skipton, BD23, failed to pay £566.05 to 2 workers.        
    490. Strategic Facilities Management Ltd, Leeds, LS17, failed to pay £561.18 to 3 workers.        
    491. Mr C Saudin & Mrs P Saudin, Canterbury, CT1, failed to pay £560.48 to 2 workers.        
    492. Golden Car Limited , Perivale, UB6, failed to pay £551.80 to 1 worker.        
    493. Your Friendly Local Limited, Rotherham, S60, failed to pay £549.95 to 6 workers.        
    494. Steven Boom, East Hunsbury, NN4, failed to pay £547.20 to 2 workers.        
    495. M A Fashions Ltd, Leicester, LE5, failed to pay £545.60 to 17 workers.        
    496. Comserv Contracting & Commercial Limited, Stoke-on-Trent, ST3, failed to pay £544.19 to 1 worker.        
    497. Bonner Studs Limited, Walsall, WS2, failed to pay £537.45 to 1 worker.        
    498. M & C Retail Limited, Darlington, DL1, failed to pay £537.36 to 4 workers.        
    499. Legacy Resorts Limited, Newton Stewart, DG8, failed to pay £536.69 to 1 worker.        
    500. E.K.S Living Clean Ltd, Norwich, NR6, failed to pay £533.58 to 5 workers.        
    501. SC HCW Ltd, Belfast, BT5, failed to pay £533.54 to 7 workers.        
    502. David Alexander Forbes, Inverurie, AB51, failed to pay £531.64 to 2 workers.        
    503. Arunagiri UK LTD, Rickmansworth, WD3, failed to pay £530.92 to 2 workers.        
    504. Millfield Haulage Limited, York, YO26, failed to pay £530.91 to 2 workers.        
    505. Ardmore (Co. Derry) Pre-Cast Concrete Limited, Ardmore, BT47, failed to pay £525.69 to 1 worker.        
    506. W1 Soho Ltd., Soho, W1D, failed to pay £523.20 to 1 worker.        
    507. Shree Siddhi Limited, Glasgow, G66, failed to pay £515.76 to 7 workers.        
    508. 41 Cars Hull Ltd, Hull, HU9, failed to pay £515.72 to 2 workers.        
    509. Felix Inns Ltd, Solihull, B92, failed to pay £514.09 to 20 workers.        
    510. Eastchurch Holiday Centre Limited, Eastchurch, ME12, failed to pay £511.70 to 1 worker.        
    511. Surf N Turf Limited, Leicester, LE2, failed to pay £511.63 to 2 workers.        
    512. Red House Garage Limited, St Helens, WA11, failed to pay £511.43 to 1 worker.        
    513. Classic Decorators (UK) Limited, Barry, CF63, failed to pay £511.43 to 1 worker.        
    514. John Codona’s Pleasure Fairs Limited, Aberdeen, AB24, failed to pay £505.82 to 3 workers.        
    515. Timberquay Limited, Derry, BT48, failed to pay £503.98 to 14 workers.        
    516. Ace Support FM Ltd, Barnet, N14, failed to pay £501.60 to 1 worker.        
    517. Sleepwell (Cumbria) Limited, Barrow In Furness, LA14, failed to pay £500.95 to 1 worker.        
    518. Blank Brixton Ltd, Brixton, SW2, failed to pay £287.31 to 1 worker.        

    Updates to this page

    Published 29 May 2025

    MIL OSI United Kingdom

  • Red alert in Nilgiris, Coimbatore Ghat areas as heavy rains trigger landslides

    Source: Government of India

    Source: Government of India (4)

    A red alert has been issued for the ghat regions of Nilgiris and Coimbatore districts for May 29 and 30, with the Regional Meteorological Centre (RMC) forecasting heavy to extremely heavy rainfall. The alert follows continuous downpours that have already triggered landslides and roadblocks in the Nilgiris, disrupting normal life and raising serious safety concerns.

    The weather system responsible for the intense rainfall is a well-marked low-pressure area that has formed over the northwest Bay of Bengal, off the Odisha coast. The system, which persisted over the same region on Wednesday, is expected to intensify into a depression within the next 24 hours. An associated cyclonic circulation, extending up to 7.6 km above mean sea level and tilting southward with height, is contributing to the widespread rainfall across Tamil Nadu.

    Other districts including Theni, Tenkasi, Tirunelveli, and Kanyakumari are also expected to receive heavy to very heavy rain at isolated locations during this period, while Dindigul and Tiruppur may see heavy showers in certain pockets.

    In the Nilgiris, continuous rainfall has led to landslides in several areas and forced the closure of key roads. Traffic was halted on the Ooty-Gudalur National Highway due to gradual soil movement near Naduvattam. District Collector Lakshmi Bhavya Tanneeru has warned that two large boulders, currently balanced on loose soil and supported only by trees, could collapse onto the road at any moment. As a precaution, the road has been closed to all vehicles except emergency services, with government buses allowed to operate only during daylight hours.

    Meanwhile, the National Highways and Forest Departments are jointly working on a mitigation plan to prevent further disruption. Several residential areas, including Nondimedu and Manjanakorai under the Ooty Municipality, reported landslides on Wednesday. In Manjanakorai, a mud house collapsed due to the rain, and six trees were uprooted across Ooty and nearby locations.

    A tree fell on an electric pole along Havelock Road, while another came down near the Nilgiris Superintendent of Police’s office, leading to power outages in parts of the hill town. Restoration work is underway, with Tamil Nadu Electricity Board staff and Fire and Rescue Services teams deployed round-the-clock to clear debris and restore services.

    In Sholurmattam near Kilkotagiri, strong winds blew away the zinc-sheet roof of a government school. No injuries were reported as the school was closed for holidays. Teams from the National Disaster Response Force (NDRF) and State Disaster Response Force (SDRF) have been inspecting vulnerable areas and offering guidance on preventive measures.

    The Forest Department has closed all tourist spots under its jurisdiction for Thursday, except for the Kodanad viewpoint. With incessant rain continuing to lash the hills, temperatures have dropped sharply, with Ooty recording a maximum of just 15 degrees Celsius on Wednesday.

    -IANS

  • Norway Chess 2025: D Gukesh ends winless streak by defeating Hikaru Nakamura

    Source: Government of India

    Source: Government of India (4)

    On his 19th birthday, reigning World Chess Champion D Gukesh secured a crucial victory in Norway Chess 2025 Round 3 by defeating World No. 2 Hikaru Nakamura of the United States, earning three vital points and ending his tournament winless run.

    Reflecting on the win, Gukesh said, “I feel quite good! I think my time management was much better today than before. He had some drawing chances, but overall it was a good game,” in a video shared by Norway Chess.

    Asked about the possibility of Armageddon tie-breaks, Gukesh added, “Yeah, at some point it will come for sure. But right now, I’m just happy with this.”

    Earlier in the tournament, Arjun Erigaisi defeated Gukesh in Round 2, extending his perfect classical record against the champion to 6-0. Gukesh had also lost to World No.1 Magnus Carlsen on the opening day.

    Prior to this win, Gukesh had not scored any points and was placed at the bottom of the six-player leaderboard. The victory against Nakamura is seen as a key momentum shift for the young champion as he aims to climb back in the standings.

    (ANI)

  • MIL-OSI United Kingdom: Statement: UK and EU welcome Viet Nam JETP progress

    Source: United Kingdom – Government Statements

    Press release

    Statement: UK and EU welcome Viet Nam JETP progress

    The UK and EU welcome progress on Viet Nam’s Just Energy Transition Partnership as President Macron of France visits the country

    On behalf of the International Partners Group (IPG), the European Union and the United Kingdom – IPG co-leads for the Viet Nam Just Energy Transition Partnership (JETP) – warmly welcome French President Emmanuel Macron’s visit to Viet Nam, reaffirming support for Viet Nam’s goal to deliver a clean energy transition that is inclusive and rooted in sustainable growth on the pathway to ‘net zero’ emissions by 2050.  

    On 26th May, President Macron and President Lương Cường announced progress on two important JETP-supported investment projects:

    • A Credit Financing Agreement between Electricity of Vietnam National Power Transmission Corporation (EVN NPT) and Agence Française de Développement (AFD) of €67 million to build a 500kV transmission line and substations across the Binh Duong and Dong Nai provinces. This project will increase the national transmission network’s capacity to integrate renewable energy and deliver reliable electricity in key economic regions in southern Viet Nam.

    • A Memorandum of Understanding (MoU) between EVN and AFD as coordinator of six IPG Development Finance Institutions (AFD, EIB, JICA, KfW, CDP, and Proparco) and the EU, acknowledging €490 million for the construction of the first 1200 MW Pumped Storage Hydropower project in Vietnam located in Bac Ai, Ninh Thuan province. This large-scale energy storage project will improve grid resilience and enable further integration of variable renewable energy sources into Vietnam’s energy mix. This pilot project also contributes to the development of regulatory, financial, and investment approaches, paving the way for related future partnerships.

    France’s and IPG’s €547 million financial contribution to these two flagship energy transition projects marks an important step towards delivering the public finance commitments under the JETP.

    The EU and UK remain fully committed to the JETP as co-leads, working with Viet Nam as it continues to raise ambitions for tackling emissions, limiting coal and increasing the share of renewables as set out in the recently revised of National Power Development Plan (PDP8).

    In addition to mobilising project-specific finance, the IPG will continue to engage closely with the Government of Viet Nam, the Glasgow Financial Alliance for Net Zero (GFANZ), and wider JETP partners, to promote a strong enabling policy environment for developers and investors that drives Viet Nam’s future green growth ambition.

    What is the JETP ?

    The Just Energy Transition Partnership (JETP) is a cooperation initiative and related Political Declaration agreed in December 2022 between Viet Nam and the International Partners Group (IPG; now comprised of the European Union, the United Kingdom, Canada, Denmark, France, Germany, Italy, Japan, Denmark and Norway, and co-led by the EU and the UK. The overarching goal is to support the country’s energy transition trajectory towards its 2050 net zero emissions commitment. The JETP Political Declaration consequently sets out 3 main targets:

    1. Accelerate and cap the peaking of GHG emissions from the power sector at 170 million tons of CO₂ equivalent by 2030;
    2. Limit the installed capacity of coal-fired power plants to 30.2 gigawatts by 2030;
    3. Increase the share of renewable energy in the power mix to 47% by 2030, promoting investments in wind, solar, and other clean energy sources.

    In support of these targets, the JETP partners secured original funding commitments of $15.5 billion, including $7.5 billion public sector finance from IPG members (grants, concessional and commercial loans and instruments) and $7.5 billion private sector finance facilitated by the Glasgow Financial Alliance for Net Zero (GFANZ). 

    JETPs are also being implemented to support the energy transitions in South Africa, Indonesia and Senegal.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Email the FCDO Newsdesk (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 29 May 2025

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: President Lai meets US delegation led by Senator Tammy Duckworth

    Source: Republic of China Taiwan

    President Lai meets delegation led by US House Natural Resources Committee Chair Bruce Westerman”>Details
    2025-05-27
    President Lai meets delegation led by US House Natural Resources Committee Chair Bruce Westerman
    On the afternoon of May 27, President Lai Ching-te met with a delegation led by Chair of the Natural Resources Committee of the United States House of Representatives Bruce Westerman. In remarks, President Lai stated that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. The president said that Taiwan will continue to increase purchases from and together build non-red supply chains with the US, expressing hope that economic and trade relations grow even closer and that both work together to jointly safeguard peace and stability throughout the region. A translation of President Lai’s remarks follows: I am delighted to meet and exchange views with members of the US House Committee on Natural Resources today. Chair Westerman, the leader of this delegation, is an old friend of Taiwan. On behalf of the people of Taiwan, I extend a very warm welcome to the delegation. I also want to thank you all for your long-term close attention to Taiwan-related affairs and your strong support for Taiwan. Taiwan and the US enjoy close ties and share ideals and values. There is an excellent foundation for cooperation between us, particularly in such areas as energy, the economy and trade, agriculture and fisheries, environmental protection, and sustainable development. In recent years, Taiwan-US ties have grown closer and closer. The US has become Taiwan’s largest destination for overseas investment, accounting for over 40 percent of Taiwan’s outbound investment. Taiwan is also the seventh largest trading partner of the US and its seventh largest export market for agricultural products. The SelectUSA Investment Summit held in Washington, DC earlier this month was the largest in its history. Taiwan’s delegation, representing 138 enterprises, was once again the biggest delegation attending the event. This shows that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. Looking ahead, with the global landscape changing rapidly, Taiwan will continue to increase purchases from the US, including energy resources such as natural gas and petroleum, as well as agricultural products, industrial products, and even military procurement. This will not only help balance our bilateral trade, but also strengthen development for Taiwan in energy autonomy, resilience, the economy, and trade. Taiwan and the US are also well-matched in such areas as high tech and manufacturing. As the US pursues reindustrialization and aims to become a global hub for AI, Taiwan is willing to take part and play an even more important role. We will strengthen Taiwan-US industrial cooperation and together build non-red supply chains. In addition to bringing our economic and trade relations even closer, this will also allow Taiwanese industries to remain rooted in Taiwan while expanding their global presence, helping bolster the US, and marketing worldwide. As for military exchanges, we are grateful to the US government for continuing its military sales to Taiwan and backing our efforts to upgrade our self-defense capabilities. Taiwan will continue to work with the US to jointly safeguard peace and stability throughout the region. In closing, I thank our guests once again for making the long journey here, not only offering warm friendship, but also demonstrating the staunch bipartisan support for Taiwan in the US Congress. Chair Westerman then delivered remarks, saying that it is an honor for him and his colleagues to be in Taiwan to talk about the strong relationship between the US and Taiwan and how that relationship can continue to grow in the future. The chair pointed out that natural resources are foundational to any kind of economic development, whether it is energy, which is key to manufacturing, or whether it is mining, which provides rare earth elements and all the minerals and metals needed for manufacturing. He said that as for natural resources including fish, wildlife, or timber, all are foundational to any society, but this is especially so for agriculture, noting that the US produces a lot of food and fodder and is always looking for more friends to share that with. Chair Westerman indicated that they are excited about opportunities to work with Taiwan, adding that Taiwan’s investments in the US have been greatly appreciated. He said they also are excited about the talks with the Trump administration and the future going forward on how we can have a stronger trade relationship, a stronger bilateral relationship, and how we can work with each other to help both economies grow and prosper. Chair Westerman concluded his remarks by expressing thanks for the opportunity to visit, saying that they treasure Taiwan’s friendship and our long-term relationship, and are very excited to be able to discuss in more detail how our two countries can work together. The delegation also included US House Natural Resources Committee Representatives Sarah Elfreth, Harriet Hageman, Celeste Maloy, and Nick Begich. The delegation was accompanied to the Presidential Office by American Institute in Taiwan Taipei Office Director Raymond Greene.  

    Details
    2025-05-27
    President Lai meets and hosts luncheon for delegation led by Governor Lourdes A. Leon Guerrero of Guam
    On the morning of May 27, President Lai Ching-te met with a delegation led by Governor Lourdes A. Leon Guerrero of Guam and her husband, and hosted a luncheon for the delegation at noon. In remarks, President Lai noted that this is the governor’s first trip to Taiwan, fully demonstrating the Guam government’s support and high regard for Taiwan. The president said that Guam, being the closest United States territory to Taiwan, is an important bridge for collaboration between Taiwan and the US. He stated that aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas to further advance industrial development for both sides. He said that, as we begin a new chapter, we look forward to working together to generate even more momentum in bilateral cooperation and exchanges. A translation of President Lai’s remarks follows: On behalf of the people of Taiwan, I extend a warm welcome to Governor Leon Guerrero and her delegation. Last year, I transited through Guam en route for visits to Taiwan’s diplomatic allies in the Pacific. The enthusiastic reception I received from the government, legislature, people, and members of our overseas community in Guam was very touching and left me with a deep impression. During the morning tea reception hosted by Governor Leon Guerrero, we joined in singing our respective national anthems, as well as the Fanohge CHamoru. I also received at the Guam Legislature a copy of a Taiwan-friendly resolution it passed on behalf of the people of Taiwan. And I still remember to this day the striking scenery of the governor’s house and the warm reception I received there. It is therefore a great pleasure to meet with all of you today here at the Presidential Office. This is Governor Leon Guerrero’s first trip to Taiwan. Your visit fully demonstrates the Guam government’s support and high regard for Taiwan. As we begin a new chapter, we look forward to working with you to generate even more momentum in bilateral cooperation and exchanges. Taiwan and Guam are like family. We share the Austronesian spirit and culture. Our wide-ranging and mutually-beneficial collaboration is very fruitful. And now, we are facing the challenges of climate change, public health and medicine, and regional security together. The world is rapidly changing and tensions in the Indo-Pacific continue to rise. But if we combine our strengths, come together as one, and enhance cooperation, we can maintain regional peace, stability, and prosperity. Last Tuesday, I delivered an address on my first anniversary of taking office. I mentioned that for many years, Taiwan, the US, and our democratic partners have actively engaged in exchange and cooperation. Taking a market-oriented approach, we will promote an economic path of staying firmly rooted in Taiwan and expanding the global presence of our enterprises while strengthening ties with the US. Guam is the closest US territory to Taiwan. It is an important bridge for collaboration between Taiwan and the US. Last month, we were pleased to see United Airlines officially launch direct flights between Taipei and Guam. I believe this will benefit tourism and economic and trade exchanges for both sides. In the area of health care, many hospitals in Taiwan already offer referral services to patients from Guam. Both Governor Leon Guerrero and I have backgrounds in medicine. It is my hope that Taiwan and Guam can continue to work hand in hand to create even more positive outcomes from cooperation in public health and medical services. During the governor’s visit, aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas. There is potential for more exchanges in aquaculture, food processing, hydroculture, manufacturing, pharmaceuticals, and recycling. This will further advance industrial development in Taiwan and Guam. In closing, I thank Governor Leon Guerrero and all our distinguished guests for backing Taiwan. I wish you all a smooth and successful visit.  Governor Leon Guerrero then delivered remarks, saying that she is very happy to come to Taiwan. She said that after learning during President Lai’s visit to Guam last year that he is a medical doctor, she felt more relaxed because healthcare colleagues are one in their endeavor to help enhance the health and well-being of people. She then expressed her heartfelt appreciation for the invitation to Taiwan.  Governor Leon Guerrero said that as they learn more about opportunities for collaboration with Taiwan, they are humbled by the hospitality they have experienced. In both of our islands, she said, hospitality is more than just a custom – it forms a part of our identities. She noted that despite being nearly 2,000 miles apart, we are connected by the Pacific Ocean and common roots, and our ancestors both value family, community, and tradition. That is why being here today, she said, she feels a strong sense of familiarity, like reconnecting with old friends. The governor remarked that Taiwan has evolved so quickly in all areas of essential life, sustenance, economy, and prosperity, adding that Taiwan’s resources in such areas as health, education, data, AI, advanced technology, aquaculture, agriculture, and commerce enhance our economic stability. She stated her belief that in collaboration and support, and working with each other, we can gain prosperity, maintain freedom and democracy, and live in peace.  Governor Leon Guerrero stated that their delegation is here to see how they can partner with Taiwan to help raise the quality of life for both our peoples, mentioning that one special concern of theirs is tourism. Tourism, she said, is the most influential engine and driver for the economy and quality of life in Guam, but they cannot have a vibrant economy and tourism without air connectivity. She added that they are prepared to help in any way to provide incentives and low-cost fees so that they can get more airlines from Taiwan to establish permanent flight schedules to Guam, so as to drive development in Guam’s tourism industry. Governor Leon Guerrero then proceeded to introduce each of the members of her delegation before remarking that while they have been very busy on this visit they are always reminded of the freedom and democracy that the people must protect. She said she looks forward to a great, strong relationship between Taiwan and Guam in cooperation on social and economic issues, in culture, marketing, tourism, and freedom and democracy. Among those in attendance were First Gentleman Jeffrey A. Cook, Chief of Staff Jon Junior Calvo, Director of the Department of Administration Edward Birn, General Manager of the Guam Visitors Bureau Regine Biscoe Lee, Deputy Executive Manager of the Guam International Airport Authority Artemio “Ricky” Hernandez, Board of Directors Chairman of the Guam International Airport Authority Brian J. Bamba, Deputy General Manager of the Guam Economic Development Authority Carlos Bordallo, Director of Landscape Management Systems Guam Bob Salas, Chairperson of the Guam Chamber of Commerce Tae Oh, President of the University of Guam Anita Borja Enriquez, and Director of the Guam Taiwan Office Felix Yen (嚴樹芬). After the meeting, President Lai, accompanied by Vice President Bi-khim Hsiao, hosted a luncheon for Governor Leon Guerrero, her husband, and the delegation.

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    2025-05-27
    President Lai meets delegation from European Parliament
    On the morning of May 27, President Lai Ching-te met with a delegation from the European Parliament. In remarks, President Lai thanked the European Parliament for continuing to pay close attention to peace and stability across the Taiwan Strait and voice support for Taiwan. The president expressed hope for an even closer relationship and diversified cooperation between Taiwan and the European Union. The president said that Taiwan and the EU can work together in such areas as semiconductors, AI, and green energy to create more resilient supply chains for global democracies and contribute to global prosperity and development. A translation of President Lai’s remarks follows: I warmly welcome our guests to the Presidential Office. After being elected last year, MEPs Reinis Pozņaks and Beatrice Timgren are making their first visits to Taiwan, demonstrating support for Taiwan through concrete action. On behalf of the people of Taiwan, I extend my sincerest welcome and appreciation. I would also like to take this opportunity to thank the European Parliament for continuing to pay close attention to peace and stability across the Taiwan Strait. Just last month, the European Parliament adopted resolutions with regard to annual reports on the implementation of the European Union’s Common Foreign and Security Policy and Common Security and Defence Policy. These resolutions reaffirmed the EU’s steadfast commitment to maintaining the status quo across the Taiwan Strait. The European Parliament also condemned China for continuing to take provocative military actions against Taiwan and emphasized that Taiwan is a key democratic partner in the Indo-Pacific region. It called on the EU and its member states to continue working closely with Taiwan to strengthen economic, trade, and investment ties. Once again, I thank the European Parliament for voicing support for Taiwan. Just as MEPs Pozņaks and Timgren are visiting Taiwan to strengthen Taiwan-EU exchanges, our Minister of Economic Affairs Kuo Jyh-huei (郭智輝) also led a delegation to Europe last year, marking the first in-person dialogue between high-ranking economic and trade officials of Taiwan and the EU. Moving ahead, we look forward to bringing Taiwan-EU ties even closer and to diversifying our cooperation. The EU is Taiwan’s largest source of foreign investment. Both sides are highly complementary in such areas as semiconductors, AI, and green energy. Through our joint efforts, we can create more resilient supply chains for global democracies and further contribute to global prosperity and development. Looking ahead, I hope that MEPs Pozņaks and Timgren will continue to make the case in the European Parliament for the signing of a Taiwan-EU economic partnership agreement. This would not only yield mutually beneficial development, but also consolidate economic security and boost international competitiveness for both sides. In closing, I am sure that you will gain a deeper understanding of Taiwan through this visit. Please feel welcome to come back as often as possible as we continue to elevate Taiwan-EU ties.  MEP Pozņaks then delivered remarks, saying that it is a great honor to be here and thanking everybody involved in arranging this trip that allows them the opportunity to better know Taiwan. He added that it is definitely not the last time they will be here, as Taiwan is a very beautiful country. MEP Pozņaks mentioned that he comes from Latvia, and despite their being on the other side of the world, they know how the Taiwanese people feel, because they also have a big neighbor who is claiming that Latvia belongs to them. Unfortunately, he said, there is already war in Europe, but he is confident that their situation is similar to Taiwan’s, adding that they have a neighbor who uses disinformation attacks. MEP Pozņaks said that we live in very challenging times, and that our choices will define the future of the world, asking whether it will be a world where the rule of law prevails or where physical power and aggression succeeds. Coming from a small country, he said he clearly understands that for them there is no other possibility; they must protect the world where the rule of law prevails. That is why now, he emphasized, it is very crucial for all democracies around the world to stick together to protect our freedoms, values, and democracy. MEP Timgren then delivered remarks, thanking President Lai for meeting with them and saying it is a big honor. Noting that they arrived here two days ago and that while she really loves Taiwan, its food, and the good weather, she stated that the reason they are here is because of the values that we share, our good relationships, and solidarity with other democratic countries in the world, which is important for them in Europe and in Sweden. MEP Timgren, referring to MEP Pozņaks’s earlier remarks, said that they face a big threat from Russia that is discernible even in the European Parliament. Actually, she pointed out, there is a war inside Europe that shows us how important it is that we support one another. She said that the Russian people thought it would be easy to take over Ukraine, but it was not, because all European countries stepped up and provided weapons and support. And that is why, MEP Timgren said, it is important that democratic countries maintain good relationships and let China and Russia see that we have good relationships, because a part of defense is solidarity. In closing, she expressed her gratitude for having the honor to be here in this beautiful country.

    Details
    2025-05-20
    President Lai hosts state banquet for President Surangel Whipps Jr. of Republic of Palau
    On the evening of May 20, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, hosted a state banquet at the Presidential Office in honor of President Surangel Whipps Jr. of the Republic of Palau and his wife. In remarks, President Lai said that he looks forward to working closely with President Whipps to promote tourism exchanges and sports cooperation so that Taiwan and Palau shine brightly together on the international stage. A translation of President Lai’s remarks follows: It is a pleasure to host this banquet tonight at the Presidential Office for President Whipps, First Lady Valerie Whipps, and the esteemed members of their delegation. Welcome to Taiwan. During my trips to Palau in 2022 and last year, President and First Lady Whipps received me with great hospitality. Wearing my island shirt, I enjoyed a very friendly reception from the people of Palau. It felt warm and friendly, just like being welcomed back home. The first time I visited Palau, President Whipps and I piloted a boat to the Milky Way lagoon. We both tried volcanic mud facial masks. We also fished together and enjoyed the breeze as we walked on the beach. Last year, on my second visit to Palau, I was honored to be invited to address the National Congress. I also observed the results of the close bilateral cooperation between our two nations. Due to its world-famous ocean scenery, Palau is sometimes referred to as “God’s aquarium.” And it is even possible to snorkel with sharks. It leaves a deep impression. Nothing compares to seeing Palau firsthand. During the COVID-19 pandemic, Taiwan and Palau launched a travel bubble that created a safe means of travel. Now, with the pandemic behind us, I hope that even more Taiwanese can tour Palau and gain a greater understanding of our diplomatic ally. In addition to tourism exchanges, I mentioned on my visit to Palau last year that I hoped Taiwan and Palau could promote sports cooperation by providing training away from home. Next month, Palau will be holding the Pacific Mini Games. And right now, Palau’s national baseball and table tennis teams are holding training sessions here in Taiwan. We will do our utmost to support Palau’s national players and we hope they stand out and achieve outstanding results in the events. I look forward to working closely with President Whipps so that Taiwan and Palau shine brightly together on the international stage. Thank you! Mesulang! President Whipps then delivered remarks, saying that it is truly an honor to be here once again one year after President Lai’s inauguration. Mentioning that this is his first state visit after being reelected to a second term, he said that it is important to be here among friends, and that we are more than friends, we are family. He thanked President Lai for the generous words and, most importantly, Taiwan’s enduring support. He remarked that our relationship continues to get stronger in each passing year. President Whipps said that President Lai’s diplomacy initiative, leadership, and vision deeply resonate with them. Diplomacy must be rooted in our shared values, he said, and an unwavering support for our allies and a commitment to a sustainable, inclusive development are all deeply appreciated by their people. President Whipps emphasized that, as we look into the future and the challenges that we face, from security to climate change, it is so important that we are united. He added that it is important for the world, and especially important for them in Palau, that they stand up for Taiwan, so that Taiwan can participate on international fora that address climate change, security, and health, because they know the world is better when Taiwan has a seat at the table. Mentioning that Palau will host the Pacific Islands Forum next year, President Whipps said that Palau remains committed to working closely with Taiwan to ensure a successful event, and that they will continue to speak up for Taiwan’s indispensable contributions as we stand together against any efforts to silence or isolate democratic partners. President Whipps said that our nations have navigated challenges and emerged stronger, bound by a partnership that is built on trust, respect, and hope for a better world. Whether it is in clean energy, education, smart medicine, or tourism, our shared journey is just beginning, he said, and we are stronger together.  Also in attendance at the banquet were Palauan Minister of State Gustav Aitaro, Minister of Public Infrastructure and Industries Charles Obichang, Minister of Human Resources, Culture, Tourism and Development Ngiraibelas Tmetuchl, Senate Floor Leader Kerai Mariur, House of Delegates Floor Leader Warren Umetaro, High Chief of Ngiwal State Elliot Udui, Governor of Peleliu State Emais Roberts, and Governor of Koror State Eyos Rudimch.

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    2025-05-20
    President Lai and President Surangel S. Whipps, Jr. of Palau hold bilateral talks and witness signing of cooperation agreements  
    On the afternoon of May 20, following a welcome ceremony with military honors for President Surangel S. Whipps, Jr. of the Republic of Palau and his wife, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, held bilateral talks with President Whipps at the Presidential Office. The two leaders also jointly witnessed the signing of a technical cooperation agreement and an agreement on diplomatic staff training cooperation. In remarks, President Lai thanked Palau for standing firm in its backing of Taiwan’s international participation as geopolitical tensions continue to increase in the Pacific region. He added that he looks forward to the cooperative ties between Taiwan and Palau continuing to expand into even broader areas, allowing our economies and societies to further progress as we jointly advance peace, stability, and prosperity in the Indo-Pacific region. A translation of President Lai’s remarks follows: I welcome our guests to Taiwan once again. Last year on May 20, President Whipps led a delegation to attend the inauguration ceremony for myself and Vice President Hsiao. I am delighted, on the anniversary of my first year in office, to meet with old friends of Taiwan again, as President Whipps returns for this visit. Taiwan-Palau relations have grown even closer in recent years thanks to the strong support of President Whipps. In 2022, during my term as vice president, I led a delegation to Palau as a demonstration of how our nations were together boosting tourism development as we jointly faced the challenges of the COVID-19 pandemic. Every time I visit Palau, and every time I meet with President Whipps, I feel very deeply that Taiwan and Palau are like family. We are both maritime nations and share a common Austronesian heritage and culture. We are also staunch partners in upholding such values as freedom, democracy, and respect for human rights. Last December, when I went on my first overseas trip since taking office, one of the nations I visited was Palau. We celebrated the 30th anniversary of Palau’s independence and 25 years of diplomatic relations, underscoring our friendly ties. Taiwan and Palau enjoy close exchanges and cooperation in a range of areas, including climate change, education, agriculture and fisheries, healthcare, humanitarian assistance, sports, and culture. After this meeting, President Whipps and I will witness the signing of a technical cooperation agreement and an agreement on diplomatic staff training cooperation, demonstrating once again our diverse collaboration and strong friendship. I believe that by working together, Taiwan and Palau can contribute to each other’s development and overcome the regional and global challenges we currently face. In particular, as geopolitical tensions continue to increase in the Pacific region, Palau has wisely and courageously upheld democratic values and stood firm in its backing of Taiwan’s international participation. Palau has never stopped voicing support for Taiwan, including at the United Nations General Assembly, the World Health Organization, the UN Framework Convention on Climate Change Conference of the Parties, and the UN Ocean Conference. We have been deeply moved by this support. I thank President Whipps again for his high regard and support for Taiwan. I look forward to the cooperative ties between our nations continuing to expand into even broader areas. This will allow our economies and societies to further progress as we jointly advance peace, stability, and prosperity in the Indo-Pacific region. President Whipps then delivered remarks, saying that it is a great honor for him to be here, standing in this historic place – a symbol of strength, resilience, and the democratic spirit of the Taiwanese people. On behalf of the government of Palau, President Whipps extended heartfelt gratitude to President Lai and the people of Taiwan for the warm welcome and gracious hospitality toward him and his delegation. President Whipps then extended sincere thanks for President Lai’s visit to Palau in December – his second visit to Palau – and for having Minister of Foreign Affairs Lin Chia-lung (林佳龍) attend his inauguration as a special envoy. He added that this also marks his third visit to Taiwan since President Lai took office, saying that this demonstrates the strength of our growing relationship. President Whipps indicated that the increased engagements and numerous entrepreneurs that President Lai has brought from Taiwan to Palau have resulted in fruitful visits, and that President Lai’s leadership represents hope, unity, and continued advancement of democracy and freedom, not only for Taiwan, but for the broader Indo-Pacific region. President Whipps went on to say that this visit to Taiwan reaffirms our deep friendship and shared values between our two nations. He emphasized that Palau and Taiwan are bound not by proximity, but by purpose, in that both are island nations and believe in human dignity, the rule of law, and the right of our people to determine their own futures. President Whipps stated that although we are celebrating 26 years of diplomatic relations, Taiwan has been a steadfast partner of Palau for decades, and that one of the MOUs they are signing further extends the relationship that began in December of 1984. From healthcare and medical missions, to education, agriculture, renewable energy, infrastructure, the private sector, tourism development, and climate resilience, he said, our cooperation has improved lives and strengthened our communities. The president also indicated that during the COVID-19 pandemic, Taiwan stood with Palau, noting that both sides began the tourism bubble, and that President Lai came to Palau to reopen the two weekly direct flights that have now been increased to four. That solidarity will never be forgotten, he said. As the world faces growing uncertainty and complex challenges from climate change to global tensions, President Whipps said, this friendship becomes even more vital. The president concluded his remarks by expressing hope that both nations continue to stand together, work together, and advocate together for peace, prosperity, and for the right of small nations to be seen, heard, and respected. After the bilateral talks, President Lai and President Whipps witnessed the signing of the technical cooperation agreement and the agreement on diplomatic staff training cooperation by Minister Lin and Palauan Minister of State Gustav Aitaro. The delegation also included Palauan Minister of Public Infrastructure and Industries Charles Obichang, Minister of Human Resources, Culture, Tourism and Development Ngiraibelas Tmetuchl, Senate Floor Leader Kerai Mariur, House of Delegates Floor Leader Warren Umetaro, High Chief of Ngiwal State Elliot Udui, Governor of Peleliu State Emais Roberts, and Governor of Koror State Eyos Rudimch.  

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News

  • MIL-OSI: Futu Announces First Quarter 2025 Unaudited Financial Results

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, May 29, 2025 (GLOBE NEWSWIRE) — Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the first quarter ended March 31, 2025.

    First Quarter 2025 Operational Highlights

    • Total number of funded accounts1 increased 41.6% year-over-year to 2,673,119 as of March 31, 2025.
    • Total number of brokerage accounts2 increased 30.0% year-over-year to 4,955,319 as of March 31, 2025.
    • Total number of users3 increased 16.8% year-over-year to 26.3 million as of March 31, 2025.
    • Total client assets increased 60.2% year-over-year to HK$829.8 billion as of March 31, 2025.
    • Daily average client assets were HK$790.4 billion in the first quarter of 2025, an increase of 64.7% from the same period in 2024.
    • Total trading volume in the first quarter of 2025 increased by 140.1% year-over-year to HK$3.22 trillion, in which trading volume for U.S. stocks was HK$2.25 trillion, and trading volume for Hong Kong stocks was HK$916.0 billion.
    • Margin financing and securities lending balance increased 33.7% year-over-year to HK$50.3 billion as of March 31, 2025.

    First Quarter 2025 Financial Highlights

    • Total revenues increased 81.1% year-over-year to HK$4,694.6 million (US$603.4 million).
    • Total gross profit increased 85.9% year-over-year to HK$3,945.7 million (US$507.2 million).
    • Net income increased 107.0% year-over-year to HK$2,142.7 million (US$275.4 million).
    • Non-GAAP adjusted net income4 increased 97.7% year-over-year to HK$2,216.9 million (US$285.0 million).

    Mr. Leaf Hua Li, Futu’s Chairman and Chief Executive Officer, said, “We started 2025 on a strong note, adding approximately 262 thousand funded accounts in the first quarter, up 47.8% year-over-year and 21.9% quarter-over-quarter. Total funded accounts reached 2.7 million, representing a 41.6% increase year-over-year and a 10.9% increase quarter-over-quarter. Hong Kong remained the top contributor to new funded accounts, as our marketing initiatives effectively leveraged the Hong Kong market rally and IPO boom. We believe that brokers with leading brand equity, product experience and execution capabilities will gain outsized benefits from strong equity market performance. Malaysia posted the fastest sequential growth in new funded accounts among all seven markets. After a year of rapid market share gain in Malaysia, we think there is ample headroom for further growth and will continue to invest in our product and our brand. In Japan, new funded accounts enjoyed robust growth and reached a historic high, as we solidified our position as the go-to broker for U.S. stock trading. Funded account growth accelerated in the U.S. as we enhanced our offerings for active traders and our high-profile advertising campaigns boosted brand visibility. With one-third of our full-year target already achieved, we remain firmly on track to meet our guidance of 800 thousand net new funded accounts in 2025.”

    “Total client assets reached HK$829.8 billion, up 60.2% year-over-year and 11.6% quarter-over-quarter, thanks to record net asset inflow. In Singapore, total client assets rose 11.4% quarter-over-quarter, sustaining its streak of double-digit sequential growth. Average client assets in Canada and Australia also logged five straight quarters of sequential increase. Margin financing and securities lending balance at quarter end remained largely stable at HK$50.3 billion, due to lower risk appetite in the second half of the quarter amid market pullback.”

    “Total trading volume was HK$3.22 trillion, up 140.1% year-over-year and 11.4% quarter-over-quarter. U.S. stock trading volume grew 8.2% sequentially to HK$2.25 trillion, bolstered by clients’ bottom fishing of technology and semiconductor names. Hong Kong stock trading volume increased 21.4% quarter-over-quarter to HK$916.0 billion, as DeepSeek-induced market rally reignited investor interest.”

    “We continued to drive product innovation, empowering retail investors with cutting-edge investment tools and seamless investment experience. In Hong Kong, we unveiled Futubull AI, our proprietarily trained, AI-powered investment assistance, and revealed a new desktop version with more intuitive tools and advanced features. In Japan, we continued to enhance our U.S. stock offerings as we rolled out U.S. fractional shares trading in the first quarter and subsequently launched U.S. options trading in April.”

    “Wealth management client assets were HK$139.2 billion as of quarter end, up 117.7% year-over-year and 25.6% quarter-over-quarter. 29% of funded accounts held wealth management products, a further climb from 28% in the previous quarter. Money market funds remained the primary driver of asset inflow given the seek for stable returns amid market volatility. In Hong Kong and Singapore, we broadened our structured product suite with FX-linked notes in the first quarter. We also onboarded equity funds in Malaysia and money market funds in Japan.”

    “We had 498 IPO distribution and IR clients as of quarter end, up 15.8% year-over-year. During the quarter, we served as joint lead manager for several high-profile Hong Kong IPOs, including those of Bloks Group and Guming Holdings. For both of these transactions, we were the exclusive online broker for IPO distribution. Notably, in the MIXUE Group IPO, more than 70 thousand clients contributed to over HK$1 trillion in subscription amount, putting us first among all brokers in number of subscribers and total subscription amount.”

    First Quarter 2025 Financial Results

    Revenues

    Total revenues were HK$4,694.6 million (US$603.4 million), an increase of 81.1% from HK$2,592.5 million in the first quarter of 2024.

    Brokerage commission and handling charge income was HK$2,310.2 million (US$296.9 million), an increase of 113.5% from the first quarter of 2024. This was mainly due to higher trading volume, partially offset by the decline in blended commission rate.

    Interest income was HK$2,070.5 million (US$266.1 million), an increase of 52.9% from the first quarter of 2024. The increase was mainly driven by higher interest income from securities borrowing and lending business, margin financing and bank deposits.

    Other income was HK$313.9 million (US$40.4 million), an increase of 101.0% from the first quarter of 2024. The increase was primarily attributable to higher fund distribution service income and currency exchange income.

    Costs

    Total costs were HK$749.0 million (US$96.3 million), an increase of 59.3% from HK$470.2 million in the first quarter of 2024.

    Brokerage commission and handling charge expenses were HK$143.5 million (US$18.4 million), an increase of 138.0% from the first quarter of 2024. This increase was roughly in line with the growth of our brokerage commission and handling charge income.

    Interest expenses were HK$469.3 million (US$60.3 million), an increase of 50.0% from the first quarter of 2024. The increase was primarily due to higher expenses associated with our securities borrowing and lending business and higher margin financing interest expenses.

    Processing and servicing costs were HK$136.1 million (US$17.5 million), an increase of 40.2% from the first quarter of 2024. The increase was primarily due to higher market information and data fee for enhanced market data coverage.

    Gross Profit

    Total gross profit was HK$3,945.7 million (US$507.2 million), an increase of 85.9% from HK$2,122.2 million in the first quarter of 2024. Gross margin was 84.0%, as compared to 81.9% in the first quarter of 2024.

    Operating Expenses

    Total operating expenses were HK$1,260.4 million (US$162.0 million), an increase of 35.6% from HK$929.5 million in the first quarter of 2024.

    Research and development expenses were HK$386.0 million (US$49.6 million), an increase of 15.1% from the first quarter of 2024. This increase was primarily driven by investment in AI capabilities and related technology initiatives.

    Selling and marketing expenses were HK$459.2 million (US$59.0 million), an increase of 56.9% from HK$292.7 million in the first quarter of 2024. This was mainly driven by strong growth of new funded accounts.

    General and administrative expenses were HK$415.2 million (US$53.4 million), an increase of 37.8% from the first quarter of 2024. The increase was primarily due to an increase in general and administrative personnel to support overseas market development.

    Income from Operations

    Income from operations increased by 125.1% to HK$2,685.3 million (US$345.2 million) from HK$1,192.7 million in the first quarter of 2024. Operating margin increased to 57.2% from 46.0% in the first quarter of 2024 mainly due to strong topline growth and operating leverage.

    Net Income

    Net income increased by 107.0% to HK$2,142.7 million (US$275.4 million) from HK$1,035.1 million in the first quarter of 2024. Net income margin for the first quarter of 2025 increased to 45.6% from 39.9% in the year-ago quarter.

    Non-GAAP adjusted net income increased by 97.7% to HK$2,216.9 million (US$285.0 million) from the first quarter of 2024. Non-GAAP adjusted net income is defined as net income excluding share-based compensation expenses. For further information, see “Use of Non-GAAP Financial Measures” at the bottom of this press release.

    Net Income per ADS

    Basic net income per American Depositary Share (“ADS”) was HK$15.44 (US$1.98), compared with HK$7.53 in the first quarter of 2024. Diluted net income per ADS was HK$15.28 (US$1.96), compared with HK$7.46 in the first quarter of 2024. Each ADS represents eight Class A ordinary shares.

    Conference Call and Webcast

    Futu’s management will hold an earnings conference call on Thursday, May 29, 2025, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time).

    Please note that all participants will need to pre-register for the conference call, using the link

    https://register-conf.media-server.com/register/BIb0180ca92acc4f49b995ccdec654eeb4.

    It will automatically lead to the registration page of “Futu Holdings Ltd First Quarter 2025 Earnings Conference Call”, where details for RSVP are needed.

    Upon registering, all participants will be provided in confirmation emails with participant dial-in numbers and personal PINs 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 this conference call will be available at https://ir.futuholdings.com/.

    About Futu Holdings Limited

    Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering fully digitalized financial services. Through its proprietary digital platforms, Futubull and moomoo, the Company provides a full range of investment services, including trade execution and clearing, margin financing and securities lending, and wealth management. The Company has embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders. The Company also provides corporate services, including IPO distribution, investor relations and ESOP solution services.

    Use of Non-GAAP Financial Measures

    In evaluating the business, the Company considers and uses non-GAAP adjusted net income, a non-GAAP measure, as a supplemental measure to review and assess its operating performance. The presentation of the non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines non-GAAP adjusted net income as net income excluding share-based compensation expenses. The Company presents the non-GAAP financial measure because it is used by the management to evaluate the operating performance and formulate business plans. Non-GAAP adjusted net income enables the management to assess the Company’s operating results without considering the impact of share-based compensation expenses, which are non-cash charges. The Company also believes that the use of the non-GAAP measure facilitates investors’ assessment of its operating performance.

    Non-GAAP adjusted net income is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. This non-GAAP financial measure has limitations as analytical tools. One of the key limitations of using non-GAAP adjusted net income is that it does not reflect all items of expense that affect the Company’s operations. Share-based compensation expenses have been and may continue to be incurred in the business and is not reflected in the presentation of non-GAAP adjusted net income. Further, the non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.

    The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company’s performance.

    For more information on this non-GAAP financial measure, please see the table captioned “Unaudited Reconciliations of Non-GAAP and GAAP Results” set forth at the end of this press release.

    Exchange Rate Information

    This announcement contains translations of certain HK dollars (“HK$”) amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from HK$ to US$ were made at the rate of HK$7.7799 to US$1.00, the noon buying rate in effect on March 31, 2025 in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the HK$ or US$ amounts referred could be converted into US$ or HK$, as the case may be, at any particular rate or at all.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from the management team of the Company, contain forward-looking statements. Futu may also make written or oral forward-looking statements in its periodic reports to the SEC, 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. Statements that are not historical facts, including statements about Futu’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: Futu’s goal and strategies; Futu’s expansion plans; Futu’s future business development, financial condition and results of operations; Futu’s expectations regarding demand for, and market acceptance of, its credit products; Futu’s expectations regarding keeping and strengthening its relationships with borrowers, institutional funding partners, merchandise suppliers and other parties it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Futu’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Futu does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    For investor inquiries, please contact:

    Investor Relations
    Futu Holdings Limited
    ir@futuholdings.com

    ___________________________

    1 The number of funded accounts refers to the number of brokerage accounts with Futu that have a positive account balance. Multiple funded accounts by one client are counted as one funded account.
    2 Multiple brokerage accounts by one client are counted as one brokerage account.
    3 The number of users refers to the number of user accounts registered with Futu.
    4 Non-GAAP adjusted net income is defined as net income excluding share-based compensation expenses.

    FUTU HOLDINGS LIMITED

    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

    (In thousands, except for share and per share data)

      As of December 31,   As of March 31,
      2024   2025   2025
      HK$   HK$   US$
    ASSETS          
    Cash and cash equivalents 11,688,383   6,495,155   834,864
    Cash held on behalf of clients 68,639,816   88,246,095   11,342,832
    Restricted cash 1,121   7,857   1,010
    Term deposit 4,990   5,240   674
    Short-term investments 2,411,074   2,659,746   341,874
    Securities purchased under agreements to resell 316,301   468,788   60,256
    Loans and advances-current (net of allowance of HK$85,252 thousand and HK$133,380 thousand as of December 31, 2024 and March 31, 2025, respectively) 49,695,691   48,552,818   6,240,802
    Receivables:          
    Clients 534,077   717,361   92,207
    Brokers 17,224,387   17,913,085   2,302,483
    Clearing organizations 3,277,063   8,189,215   1,052,612
    Fund management companies and fund distributors 1,210,472   1,773,358   227,941
    Interest 597,483   624,324   80,248
    Amounts due from related parties 61,200    
    Prepaid assets 63,497   68,993   8,868
    Other current assets 160,330   753,181   96,811
    Total current assets 155,885,885   176,475,216   22,683,482
               
    Operating lease right-of-use assets 253,212   390,760   50,227
    Long-term investments 573,190   698,183   89,742
    Loans and advances-non-current 18,805   18,843   2,422
    Other non-current assets 2,025,841   3,055,412   392,730
    Total non-current assets 2,871,048   4,163,198   535,121
    Total assets 158,756,933   180,638,414   23,218,603
    LIABILITIES          
    Amounts due to related parties 79,090     154,011     19,796  
    Payables:          
    Clients 72,379,135     95,452,151     12,269,072  
    Brokers 43,697,746     38,246,431     4,916,057  
    Clearing organizations 503,396     357,842     45,996  
    Fund management companies and fund distributors 507,076     1,509,340     194,005  
    Interest 86,964     69,180     8,892  
    Borrowings 5,702,259     9,897,658     1,272,209  
    Securities sold under agreements to repurchase 2,574,659     929,084     119,421  
    Lease liabilities-current 144,357     132,750     17,063  
    Accrued expenses and other current liabilities 4,936,805     3,316,253     426,259  
    Total current liabilities 130,611,487     150,064,700     19,288,770  
               
    Lease liabilities-non-current 132,924     275,538     35,418  
    Other non-current liabilities 8,061     8,058     1,035  
    Total non-current liabilities 140,985     283,596     36,453  
    Total liabilities 130,752,472     150,348,296     19,325,223  
               
               
    SHAREHOLDERS’ EQUITY          
    Class A ordinary shares 72     72     9  
    Class B ordinary shares 27     27     3  
    Additional paid-in capital 18,807,369     18,885,107     2,427,423  
    Treasury stock (5,199,257 )   (5,199,257 )   (668,294 )
    Accumulated other comprehensive loss (249,916 )   (184,687 )   (23,739 )
    Retained earnings 14,652,946     16,798,269     2,159,188  
    Total shareholders’ equity 28,011,241     30,299,531     3,894,590  
               
               
    Non-controlling interest (6,780 )   (9,413 )   (1,210 )
    Total equity 28,004,461     30,290,118     3,893,380  
    Total liabilities and equity 158,756,933     180,638,414     23,218,603  
               
    FUTU HOLDINGS LIMITED

    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

    (In thousands, except for share and per share data)

      For the Three Months Ended
      March 31,
    2024
      March 31,
    2025
      March 31,
    2025
      HK$   HK$   US$
    Revenues          
    Brokerage commission and handling charge income 1,082,107     2,310,220     296,947  
    Interest income 1,354,166     2,070,469     266,131  
    Other income 156,186     313,948     40,354  
    Total revenues 2,592,459     4,694,637     603,432  
    Costs          
    Brokerage commission and handling charge expenses (60,301 )   (143,505 )   (18,446 )
    Interest expenses (312,842 )   (469,333 )   (60,326 )
    Processing and servicing costs (97,103 )   (136,115 )   (17,496 )
    Total costs (470,246 )   (748,953 )   (96,268 )
    Total gross profit 2,122,213     3,945,684     507,164  
               
    Operating expenses          
    Research and development expenses (335,487 )   (385,979 )   (49,612 )
    Selling and marketing expenses (292,664 )   (459,202 )   (59,024 )
    General and administrative expenses (301,335 )   (415,245 )   (53,374 )
    Total operating expenses (929,486 )   (1,260,426 )   (162,010 )
               
    Income from operations 1,192,727     2,685,258     345,154  
               
    Others, net 31,741     (20,598 )   (2,648 )
               
    Income before income tax expense and share of loss from equity method investments 1,224,468     2,664,660     342,506  
               
    Income tax expense (185,641 )   (490,959 )   (63,106 )
    Share of loss from equity method investments (3,694 )   (30,997 )   (3,984 )
               
    Net income 1,035,133     2,142,704     275,416  
               
    Attributable to:          
    Ordinary shareholders of the Company 1,038,138     2,145,323     275,753  
    Non-controlling interest (3,005 )   (2,619 )   (337 )
      1,035,133     2,142,704     275,416  
    Net income per share attributable to ordinary shareholders of the Company          
    Basic 0.94     1.93     0.25  
    Diluted 0.93     1.91     0.24  
               
    Net income per ADS          
    Basic 7.53     15.44     1.98  
    Diluted 7.46     15.28     1.96  
               
    Weighted average number of ordinary shares used in computing net income per share          
    Basic 1,102,929,775     1,113,426,758     1,113,426,758  
    Diluted 1,114,429,420     1,126,352,076     1,126,352,076  
               
    Net income 1,035,133     2,142,704     275,416  
    Other comprehensive (loss)/income, net of tax          
    Foreign currency translation adjustment (29,441 )   65,215     8,382  
    Total comprehensive income 1,005,692     2,207,919     283,798  
               
    Attributable to:          
    Ordinary shareholders of the Company 1,008,732     2,210,552     284,136  
    Non-controlling interests (3,040 )   (2,633 )   (338 )
      1,005,692     2,207,919     283,798  
    FUTU HOLDINGS LIMITED

    UNAUDITED RECONCILIATIONS OF NON-GAAP AND GAAP RESULTS

    (In thousands)

      For the Three Months Ended
      March 31,
    2024
      March 31,
    2025
      March 31,
    2025
      HK$   HK$   US$
               
    Net income 1,035,133   2,142,704   275,416
    Add: Share-based compensation expenses 85,938   74,199   9,537
    Adjusted net income 1,121,071   2,216,903   284,953
               

    Non-GAAP to GAAP reconciling items have no income tax effect.

    The MIL Network

  • Sikkim will shine in sports, tourism, and startups: PM Modi

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi today addressed the golden jubilee celebrations of Sikkim’s statehood via videoconferencing, marking 50 years since the northeastern state became part of the Indian Union. Themed ‘Sikkim@50: Where Progress Meets Purpose, and Nature Nurtures Growth’, the event celebrated the state’s remarkable journey of development, sustainability, and cultural preservation.

    Prime Minister Modi underscored the importance of positioning Sikkim as a global tourism destination. “The time has come for Sikkim to evolve beyond being just a hill station,” he said. “Sikkim’s potential is unmatched, offering a complete tourism package.” He pointed to the state’s natural beauty, spiritual significance, and cultural treasures such as its lakes, waterfalls, monasteries, and the Kanchenjunga National Park, a UNESCO World Heritage Site.

    The Prime Minister said that new infrastructure like the Golden Jubilee Project and the statue of Bharat Ratna Atal Bihari Vajpayee ji at Atal Amrit Udyan symbolized the new heights of progress Sikkim is achieving. “Sikkim has immense potential for adventure and sports tourism,” he remarked, stressing the growth of activities such as trekking, mountain biking, and high-altitude training.

    He expressed a clear vision of establishing Sikkim as a destination for conference tourism, wellness tourism, and concert tourism. “The Golden Jubilee Convention Center is an important step towards this future. I wish that global artists perform in Gangtok and experience the harmony of nature and culture that Sikkim represents,” said the Prime Minister.

    Referring to the recent Northeast Investment Summit held in Delhi, PM Modi said major investors are now showing strong interest in the region, including Sikkim, which will lead to employment generation and economic growth in the coming years. He said that bringing G-20 Summit meetings to the Northeast was a strategic step to showcase the region’s potential on the world stage and appreciated the Sikkim government’s proactive efforts in this regard.

    Highlighting India’s rise as a global economic force and a growing sporting power, the Prime Minister said that the youth of the Northeast, particularly Sikkim, will play a central role in realizing the country’s aspirations. He acknowledged the contribution of sports personalities such as Bhaichung Bhutia, Olympian Tarundeep Rai, and athlete Jaslal Pradhan. “Sports should not just be about participation but about winning with determination,” said the Prime Minister, adding that the new sports complex in Gangtok will serve as a training ground for future champions.

    He mentioned the Khelo India scheme, under which Sikkim is receiving focused support in talent identification, training, and organizing tournaments. “The energy and passion of Sikkim’s youth will propel India to Olympic glory,” he stated.

    Speaking on national unity and resilience, Prime Minister Modi condemned the recent attack in Pahalgam, calling it an attack on humanity. “The terrorists not only stole the happiness of many families but also attempted to divide the people of India,” he said. Referring to India’s firm response through ‘Operation Sindoor’, he asserted that the country gave a befitting reply by dismantling several Pakistani airbases, demonstrating its strategic capabilities.

    Reflecting on the future, PM Modi emphasized that Sikkim’s 50-year journey should inspire ambitious planning for its 75th year in 2047, coinciding with the centenary of India’s independence. “We must set clear goals for what Sikkim should look like by 2047. This includes boosting the state’s economy and shaping it into a ‘wellness state’,” he said.

    He urged the people to equip Sikkim’s youth with global skills, calling for a push in new areas of skill development, digital innovation, and global employment readiness. “Sikkim’s young generation must be prepared not just for local needs but also for global demands,” the Prime Minister stated.

    Calling for a collective commitment to Sikkim’s continued growth, PM Modi said, “Our dream is that Sikkim should become a Green Model State not only for India but for the entire world.” He outlined a vision of secure housing for all, solar-powered electricity for every household, and a strong identity in agro-startups, organic food exports, and tourism-based entrepreneurship. “The next 25 years are dedicated to achieving these ambitious goals and establishing Sikkim’s presence on the global stage,” he concluded.

    The event also saw the unveiling of a commemorative coin, souvenir coin, and postage stamp to mark 50 years of Sikkim’s statehood. The Prime Minister laid the foundation stone and inaugurated several developmental projects, including a 500-bedded District Hospital in Namchi worth over ₹750 crore, a passenger ropeway at Sangachoeling in Gyalshing district, and the statue of Atal Bihari Vajpayee in Gangtok.

  • Trump again criticizes Putin as Ukraine war heats up

    Source: Government of India

    Source: Government of India (4)

    U.S. President Donald Trump again expressed frustration on Wednesday with Russian President Vladimir Putin over the intensifying Ukraine conflict, a day after warning that Putin was “playing with fire” by resisting ceasefire talks while escalating drone and missile attack s.

    But Trump also told reporters in the Oval Office that he was not yet prepared to impose new sanctions on Russia because he did not want the penalties to scuttle a potential peace deal.

    Russia has proposed holding the next round of direct talks with Ukraine on June 2 in Istanbul, Russian Foreign Minister Sergei Lavrov said on Wednesday. There was no immediate response from Kyiv.

    The public squabble between the U.S. and Russia unfolded as the three-year-old war heats up, with swarms of drones launched by both Russia and Ukraine and Russian troops advancing at key points along the front.

    Delegates from Russia and Ukraine met earlier this month in Istanbul under pressure from Trump to end the bloodiest conflict in Europe since World War Two, but the talks failed to yield the ceasefire that Kyiv and its Western allies have pushed for. Moscow said certain conditions needed to be met before a ceasefire agreement.

    Asked whether the Russian leader might be intentionally delaying negotiations, Trump said, “We’re going to find out whether or not he’s tapping us along or not, and if he is, we’ll respond a little differently.”

    After speaking to Trump on May 19, Putin said he had agreed to work with Ukraine on a memorandum which would set out the contours of a peace accord including the timing of a ceasefire.

    Ukraine has not yet officially agreed to Russia’s proposed meeting on June 2. Defence Minister Rustem Umerov said on Wednesday that Kyiv had already submitted its memorandum on a potential settlement and called on Russia to produce its version immediately, rather than waiting until next week.

    “We are not opposed to further meetings with the Russians and are awaiting their ‘memorandum’, so that the meeting won’t be empty and can truly move us closer to ending the war,” Umerov said.

    The Russian Foreign Ministry said Lavrov spoke to U.S. Secretary of State Marco Rubio on Wednesday about Moscow’s preparation of “concrete proposals” for upcoming talks in Istanbul but gave no details.

    Putin’s demands for ending the war include a written pledge from Western leaders that NATO will not expand eastward to former Soviet republics such as Ukraine and Georgia and the lifting of some sanctions on Russia, according to Russian sources with knowledge of the negotiations.

    In a post on Truth Social on Tuesday, Trump had warned Putin that he was “playing with fire” and that “really bad” things would have happened to Russia already if not for Trump himself.

    Putin’s foreign policy aide, Yuri Ushakov, told a state TV reporter that Trump’s remark suggested he is not well-briefed on the realities of the war.

    WAR HEATING UP

    Russia said on Wednesday it had downed 296 Ukrainian drones over 13 regions overnight, while Ukraine’s military said it had struck several Russian weapon production sites.

    Ukraine said Russia had launched 88 drones and five ballistic missiles.

    After Russia said in late April it had ejected Ukrainian forces from the western Kursk region, Moscow’s forces have pushed over the border into the neighbouring Sumy region of northeastern Ukraine and taken several villages there.

    Ukrainian President Volodymyr Zelenskiy said that Russia has gathered 50,000 troops near the northern Sumy region, but added that Kyiv had taken steps to prevent Moscow from conducting a large-scale offensive there.

    Speaking in Berlin during a visit by Zelenskiy, German Chancellor Friedrich Merz said that Germany and Ukraine will develop the joint production of long-range missiles, a move the Kremlin said was irresponsible and amounted to stoking the war.

    Russian Defence Minister Andrei Belousov said that the U.S.-led NATO military alliance was using the Ukrainian crisis to build up its presence across eastern Europe and the Baltic but that Russia was advancing along the entire front in Ukraine.

    Putin ordered tens of thousands of troops to invade Ukraine in February 2022 after eight years of fighting in eastern Ukraine between Russian-backed separatists and Ukrainian troops.

    Russia currently controls just under one fifth of Ukraine. Though Russian advances have accelerated over the past year, the war is costing both Russia and Ukraine dearly in terms of casualties and military spending.

    (Reuters)

  • Infrastructure push and enhanced connectivity driving Sikkim’s transformation: PM Modi

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Wednesday addressed the ‘Sikkim@50’ celebrations via videoconferencing, marking the golden jubilee of the state’s formation. Speaking on the occasion, the Prime Minister lauded Sikkim’s achievements and inaugurated several development projects aimed at boosting the state’s infrastructure, connectivity, and public services.

    “Today’s event offers a glimpse into Sikkim’s future journey,” said PM Modi, as he congratulated the people of the state on the occasion. He said the newly inaugurated projects and foundation stone-laying ceremonies would enhance healthcare, tourism, cultural, and sports infrastructure in the region. “I extend my heartfelt congratulations to everyone on the successful launch of these projects,” he said.

    The Prime Minister underlined that Sikkim, along with the entire Northeast, is emerging as a “shining chapter in India’s development story.” Reflecting on the change over the past decade, PM Modi said, “Where distance from Delhi once posed a barrier to progress, the same region is now opening new doors of opportunities.”

    He attributed this transformation to the significant strides in connectivity. “The biggest reason for this transformation is the improvement in connectivity, a change that the people of Sikkim have witnessed firsthand,” he said. PM Modi recalled a time when accessing education, healthcare, and employment required arduous travel. “However, the situation has changed significantly over the past decade,” he added.

    Prime Minister highlighted that nearly 400 kilometers of new national highways have been constructed in Sikkim in recent years. In addition, hundreds of kilometers of new roads have been built in rural areas, enhancing last-mile connectivity.

    He also spoke about key infrastructure developments, including the construction of the Atal Setu, which has improved connectivity between Sikkim and Darjeeling. “Work is progressing rapidly on the road linking Sikkim with Kalimpong,” he said. The Prime Minister also mentioned that the Bagdogra-Gangtok Expressway will make travel to and from Sikkim more efficient and announced plans to integrate it with the Gorakhpur-Siliguri Expressway to further bolster regional infrastructure.

    Highlighting railway connectivity, PM Modi said that the government is actively working to link all capital cities in the Northeast with the national rail network. “The Sevoke-Rangpo rail line will integrate Sikkim into the national rail network,” he said, describing the project as a key step towards inclusive development.

    For areas where road construction remains difficult due to terrain, the Prime Minister said ropeways are being introduced as alternative means of transport. “Several ropeway projects were inaugurated earlier today, further improving convenience for the people of Sikkim,” he added.

    Reaffirming the Centre’s commitment to balanced regional development, Shri Modi said the government is advancing the ‘Act East’ policy with the spirit of ‘Act Fast’. “A developed India requires balanced development, ensuring that no region is left behind,” he concluded.

  • MIL-OSI Russia: Military plane crashes in southeastern South Korean city

    Translation. Region: Russian Federal

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

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

    SEOUL, May 29 (Xinhua) — A South Korean navy warplane has crashed on a mountain in the southeastern city of Pohang, local media reported Thursday.

    The patrol plane, which had four people on board, crashed at around 13:52 local time /04:52 GMT/. There were no confirmed casualties.

    Witnesses to the incident reported smoke rising from the mountain. –0–

    MIL OSI Russia News

  • Indian Parliamentary Delegation Strengthens Anti-Terror Ties During Saudi Arabia Visit

    Source: Government of India

    Source: Government of India (4)

    An all-party parliamentary delegation from India led by BJP MP Baijayant Jay Panda is currently visiting Saudi Arabia from 27 to 29 May 2025 as part of India’s global diplomatic outreach following the April 22 Pahalgam terrorist attack that killed 26 civilians in Indian-administered Kashmir.

    The delegation met with Adel Al-Jubeir, Minister of State for Foreign Affairs of Saudi Arabia, to convey India’s firm stance against terrorism and seek continued cooperation in countering extremism. The Indian representatives emphasized that acts of terrorism cannot be justified under any circumstances and highlighted India’s zero-tolerance policy toward such activities.

    During their meetings, the delegation expressed gratitude for Saudi Arabia’s condemnation of the Pahalgam attack and underlined the need for coordinated global action to combat terrorism. This includes dismantling terrorist infrastructure, cutting off financing and safe havens, and rejecting any political justification for terrorist activities. The Indian side referenced Prime Minister Narendra Modi’s recent statement: “This is certainly not the era of war, but this is also not the era of terrorism.”

    The delegation also engaged with Dr. Mishaal Al-Sulami, Deputy Speaker of the Shura Council, for discussions on India’s approach to counter-terrorism. The Indian representatives noted Saudi Arabia’s consistent support on counter-terrorism issues and expressed confidence in continued cooperation on de-radicalization and combating extremism.

    The delegation arrived in Riyadh early on Wednesday and interacted with India’s diplomatic mission before proceeding with their official engagements. They were also hosted by senior Saudi officials and members of the Saudi-India Parliamentary Friendship Committee.

    The visit forms part of India’s broader diplomatic initiative involving multiple all-party delegations traveling to over 30 countries to highlight India’s anti-terrorism resolve and garner international support following the Pahalgam attack. The attack led to military escalation between India and Pakistan before a ceasefire was declared on May 10.

    The Saudi visit concluded with interactions with prominent members of Saudi civil society, offering opportunities for further dialogue on counter-terrorism efforts and broader aspects of the India-Saudi Arabia bilateral partnership.

  • PM Modi celebrates Sikkim@50, calls Sikkim “pride of the nation,” promises visit soon

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Thursday addressed the ‘Sikkim@50’ programme virtually. The event, held in Gangtok, marked the golden jubilee of Sikkim’s statehood under the theme “Where Progress Meets Purpose, and Nature Nurtures Growth.”

    Extending warm greetings to the people of Sikkim, the Prime Minister expressed his regret at not being able to attend in person due to adverse weather conditions. “I wanted to witness the fervor, energy, and enthusiasm of the people in person, but due to inclement weather, I could not be present. I promise to visit Sikkim soon and be part of your achievements and celebrations,” PM Modi said.

    Recalling the journey of the state over the past 50 years, the Prime Minister described the day as a moment to celebrate Sikkim’s many achievements. He lauded the efforts of Sikkim Chief Minister Prem Singh Tamang and his team for organizing a grand and memorable event.

    “Fifty years ago, Sikkim charted a democratic future for itself. The people of Sikkim not only connected with India’s geography but also with its soul,” the Prime Minister remarked. He emphasized the power of inclusive democracy, saying, “When every voice is heard and rights are secured, equal opportunities for development emerge.”

    He noted the strengthened trust among Sikkim’s families and highlighted the nation’s recognition of the state’s progress. “Sikkim is the pride of the nation,” he declared, acknowledging the state’s transformation into a model of development in harmony with nature.

    “Sikkim has become a vast sanctuary of biodiversity, achieved the status of a 100% organic state, and emerged as a symbol of cultural and heritage prosperity,” the Prime Minister said. He further highlighted that Sikkim is now among the states with the highest per capita income in the country, a reflection of the people’s capabilities and hard work.

    The Prime Minister also paid tribute to the many stars from Sikkim who have illuminated India’s horizon, recognizing the rich contributions of every community toward the state’s cultural and economic prosperity.

    Since 2014, PM Modi said, his government has been guided by the principle of Sabka Saath, Sabka Vikas — development for all, with collective support. “A developed India requires balanced progress, ensuring that no region is left behind while others advance,” he stressed.

    The Prime Minister underlined the special focus on the Northeast region over the last decade. “Every state and region of India has its own unique strengths. Keeping this in mind, the government has placed the Northeast at the center of development,” he stated, adding, “The government is advancing the ‘Act East’ policy with the spirit of ‘Act Fast’.”

    Recalling the recently held Northeast Investment Summit in Delhi, PM Modi said leading industrialists and investors announced significant investments across the region, including Sikkim. “These investments will generate numerous employment opportunities for the youth of Sikkim and the entire Northeast in the coming years,” he added.

     

  • MIL-OSI: Mavenir Collaboration with Three UK and Red Hat Doubles Glasgow 5G Speeds in UK-First Open RAN Small Cells Roll-Out

    Source: GlobeNewswire (MIL-OSI)

    • Mavenir Open vRAN and O-RAN compliant small cells central to success of Three UK’s Glasgow City Centre roll-out – boosting coverage and capacity across a high-demand, dense urban environment
    • Landmark trial demonstrates the benefit of deploying Open RAN small cells alongside existing macro networks to solve blackspot issues

    GLASGOW, Scotland, May 29, 2025 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider, working in collaboration with operator Three UK and the world’s leading provider of open source solutions, Red Hat, has successfully demonstrated the performance benefits of 5G non-standalone O-RAN compliant small cells in Glasgow City Centre – doubling 5G speeds at peak times.

    This milestone UK-first trial of Open RAN in a dense urban environment also marks the first live deployment of O-RAN compliant small cells working alongside legacy macro cells from traditional vendors in this environment – driving a significant reduction in traffic congestion by delivering high-quality coverage and additional capacity. During the initial phase of the trial, both 4G and 5G speeds doubled during the busiest times of the day, with Three UK’s 5G speeds reaching an impressive 520Mbps across the trial area. The capacity boost also cascaded into further performance and user experience improvements in surrounding sites.

    Following the successful trial of 18 live sites in Glasgow City Centre, the project will now move into its final deployment phase, bringing the total number of Open RAN small cell sites to 34.

    Mavenir’s roll-out of a small cell densification layer for Three UK is being delivered as part of the SCONDA (Small Cells O-RAN in Dense Areas) project – a key connectivity initiative backed by the UK government’s Department for Science, Innovation and Technology (DSIT). The project represents a significant step forward for Open RAN in the UK by trialing – for the first time – the integration of a full decentralized Open RAN architecture with existing traditional infrastructure into a high traffic, high footfall city setting.

    Mavenir is delivering a full 4G and 5G O-RAN solution, including its OpenBeam small cell radios running on Red Hat OpenShift, the industry’s leading hybrid cloud application platform powered by Kubernetes. Mavenir 4G and 5G small cell radios are being deployed on lamp posts across Glasgow to offload macro traffic and enable automation of network performance within a challenging multi-vendor, multi-technology radio environment. Three UK is leveraging Red Hat OpenShift to build and deliver the Open vRAN network, integrated into the existing 4G core of Three UK, and operating alongside the operator’s traditional RAN.

    Brandon Larson, SVP, Cloud and AI at Mavenir, said: “This network densification project proves that the Open RAN layer built by Mavenir can efficiently and effectively meet the needs of Three UK and its customers in one of the busiest cities in the UK. Our solution has delivered a 2x improvement in 5G speeds, a measurable uplift in capacity, and handover of customer traffic has been outstanding. This powerfully demonstrates that Open RAN can be fully integrated alongside traditional vendors – a breakthrough that will get the attention of radio network design teams around the world for the cost savings and flexibility it offers.”

    Iain Milligan, Chief Network Officer at Three UK said: “Mavenir and Red Hat have been exceptional partners on this groundbreaking project – the UK’s first Open RAN trial to tackle the real-world complexity of a dense urban environment. We have pushed the boundaries and proven that the Open RAN approach is a hugely valuable addition to network design and deployment.”

    He added: “Urban deployments bring a different level of technical and operational challenge compared to rural environments. We’ve had to navigate integration with legacy systems, security layers, and evolving software – all while delivering measurable improvements for customers. The trial results are encouraging and provide a strong foundation for further scaling and optimisation of Open RAN in cities.”

    Honoré LaBourdette, Vice President, Global Telco Ecosystem at Red Hat, said: “Red Hat and Mavenir share a commitment to delivering optimized Open RAN solutions for service providers to achieve improved network performance and unlock the next generation of 5G use cases. We are pleased to collaborate with Mavenir to implement an integrated 5G Standalone Open RAN solution, powered by Red Hat OpenShift, to help Three UK deliver enhanced customer experiences and streamline operations for the city of Glasgow.”

    With this latest deployment, Mavenir and Red Hat are continuing to offer carrier-grade telco cloud solutions to mobile network operators, leveraging a decade of well-established collaboration. Mavenir RAN workloads on Red Hat OpenShift offer an attractive value proposition for the mobile network operators.

    Key benefits delivered by Mavenir using Red Hat OpenShift include:

    • Full stack automation: Integration of Red Hat Advanced Cluster Management for Kubernetes with Mavenir’s Cloud-Native Automation provides full stack automation and streamlined day-1 and day-2 operational management.
    • Pre-integrated and pre-tested reference architectures: Red Hat and Mavenir help minimize complexity and reduce time spent on integration by providing a common, pre-integrated reference architecture.
    • Scalable design and faster time-to-market: Offering design flexibility to scale the architecture with Mavenir workloads on Red Hat OpenShift and leveraging additional tools for faster deployments.
    • Comprehensive Security Capabilities: Mavenir’s Open RAN solution on Red Hat OpenShift provides mobile networks with core platform security controls, including admission controllers, container isolation via Security Context Constraints (SCCs), runtime protection using kernel-level security modules (seccomp, SELinux), role-based access controls (RBAC) and network segmentation through CNI/OVN. These capabilities align with industry practices, enabling operators to implement hardened configurations for compliance objectives.

    Notes to editors

    The SCONDA project is a partnership with Three UK, Mavenir, AWTG, Freshwave, PI Works, the 5G Scotland Centre and Accenture, with the support of Glasgow City Council and funding from the UK government’s Department for Science, Innovation and Technology (DSIT).

    Three UK doubles Glasgow city centre speeds with UK-first Open RAN roll-out

    About Three UK:

    Hutchison 3G UK Limited, trading as Three UK, is a British telecommunications company based in Reading, England. It is an indirect, wholly owned subsidiary of CK Hutchison Holdings, a limited liability Cayman Islands company registered and listed in Hong Kong. Three is the fourth-largest mobile network operator in the United Kingdom, with about 10.9 million subscribers as of November 2024. For more information, please visit https://www.three.co.uk/

    About Mavenir:

    Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit www.mavenir.com

    Red Hat, the Red Hat logo and OpenShift are trademarks or registered trademarks of Red Hat, Inc. or its subsidiaries in the U.S. and other countries.

    Mavenir PR Contact:
    Emmanuela Spiteri
    PR@mavenir.com

    The MIL Network

  • Crisil pegs India’s GDP growth at 6.5% in fiscal 2026

    Source: Government of India

    Source: Government of India (4)

    Crisil on Thursday forecast India’s gross domestic product (GDP) growth at 6.5 per cent in fiscal 2026, adding that improving domestic consumption is likely to support industrial activity.

    “We expect domestic consumption demand to improve driven by healthy agricultural growth, easing inflation supporting discretionary spend, rate cuts by the Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) and income tax relief this fiscal,” the global ratings agency said in a note.

    The India Meteorological Department expects an above-normal monsoon this fiscal (106 per cent of long-period average), which bodes well for agricultural production and inflation.

    Furthermore, according to Crisil Intelligence, crude oil prices are expected to remain subdued this fiscal, averaging $65-$70 per barrel compared with an average of $78.8 per barrel in the previous fiscal.

    “We expect the MPC to cut the repo rate by another 50 basis points (bps) this fiscal, after 50 bps cuts until April. Bank lending rates have begun easing, which should support domestic demand,” according to the note.

    Overall, Crisil forecasts gross domestic product (GDP) growth at 6.5 per cent in fiscal 2026, with external headwinds posing downside risks.

    In the month of significant tariff announcements by the United States (US), IIP growth slowed in April. Production slowed in certain export-oriented sectors (including pharmaceuticals and chemicals), while front-loading exports benefitted others (machinery and readymade garments). Among consumer goods, durables performed better than non-durables.

    Industrial goods recorded a mixed performance, with output growth in capital goods picked up sharply along with a mild acceleration in intermediate goods.

    Performance of export-oriented sectors was mixed in April, despite the sharp improvement in merchandise exports (9.0 per cent in April in nominal terms vs 0.7 per cent in the previous month).

    There was also a 6.4 per cent increase in the production of consumer durables such as electronic goods, refrigerators, and TVs during November, reflecting the higher consumer demand for these items amid rising incomes, according to data released by the Ministry of Statistics.

    The infrastructure sector clocked a growth of 4 per cent on the back of big-ticket government projects being implemented in the highways, railways and ports sectors.

    (IANS)

  • Deadly break in at UN warehouse as aid trickles into Gaza

    Source: Government of India

    Source: Government of India (4)

    A United Nations warehouse in war-torn Gaza was broken into by “hordes of hungry people” on Wednesday as aid trickles into the Palestinian enclave on the brink of famine and the United States readies new terms for a possible truce between Israel and Hamas.

    The World Food Programme said initial reports were that two people had died and several more were injured at the central Gaza warehouse. The U.N. agency appealed for an immediate scale-up of food aid “to reassure people that they will not starve.”

    Eyewitness video independently verified by Reuters shows large crowds of people pushing into the warehouse and removing bags and boxes as gunfire can be heard. It was not immediately clear how the people may have been killed or injured in the incident.

    Under growing international pressure, Israel 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.

    U.N. Middle East envoy Sigrid Kaag told the Security Council that the amount of aid Israel had so far allowed the U.N. to deliver was “comparable to a lifeboat after the ship has sunk” when everyone in Gaza was facing the risk of famine.

    The United States has been trying to broker a ceasefire. Israel – which resumed its military operation in Gaza in March after a brief truce – continued strikes on Wednesday, killing at least 30 people, Palestinian health officials said.

    “We are on the precipice of sending out a new term sheet that hopefully will be delivered later on today,” U.S. President Donald Trump’s special envoy, Steve Witkoff, said on Wednesday. “The president is going to review it.”

    The war in Gaza was triggered on October 7, 2023, when Palestinian militants Hamas killed 1,200 people in southern Israel and took some 250 hostages, according to Israeli tallies. Since then, Israel’s military campaign has killed more than 53,000 Palestinians, according to Gaza health authorities.

    UN VS GHF

    Israeli Prime Minister Benjamin Netanyahu said on Wednesday that Israel’s killing of Hamas Gaza chief Mohammad Sinwar marked a turn towards the “complete defeat of Hamas”, adding that Israel was “taking control of food distribution” in Gaza.

    Israel has accused Hamas of diverting and seizing aid supplies. Hamas has denied stealing aid.

    At the United Nations, more than half the Security Council called on Wednesday for the 15-member body to act on Gaza. Slovenia’s U.N. Ambassador Samuel Zbogar said some members are working on a draft resolution to demand unimpeded aid access.

    “Remaining silent is not an option,” he told the council.

    Israel’s U.N. Ambassador Danny Danon told the Security Council that Israel would allow aid deliveries “for the immediate future” via both the U.N. and the Gaza Humanitarian Foundation, which began aid deliveries on Monday.

    However, Israel ultimately wants the U.N. to work through the GHF, which is using private U.S. security and logistics companies to transport aid into Gaza for distribution by civilian teams at so-called secure distribution sites.

    “The U.N. should put their ego aside and cooperate with the new mechanism,” Danon told reporters before the council meeting.

    The U.N. and other international aid groups have refused to work with the GHF because they say the plan is not neutral.

    “This new scheme is surveillance-based rationing that legitimizes a policy of deprivation by design,” senior U.N. aid official for the occupied Palestinian territories, Jonathan Whittall, told reporters in Jerusalem on Wednesday.

    “The U.N. has refused to participate in this scheme, warning that it is logistically unworkable and violates humanitarian principles by using aid as a tool in Israel’s broader efforts to depopulate areas of Gaza,” he said.

    WARNING SHOTS

    The U.S. ambassador to Israel, Mike Huckabee, told Reuters it was “sad and disgusting” that the U.N. and other groups would not work with the GHF, describing the foundation’s aid distribution as “effective so far.”

    The Israeli military on Tuesday said it fired warning shots in the area outside a GHF distribution site, which was briefly rushed by people waiting for aid. Footage shared on social media showed fences broken down by crowds as private security contractors fell back before restoring order.

    “I am a big man, but I couldn’t hold back my tears when I saw the images of women, men and children racing for some food,” said Rabah Rezik, 65, a father of seven from Gaza City.

    The United Nations human rights office said on Wednesday that 47 people had been injured on Tuesday while seeking aid from the GHF, citing information from partners on the ground. It could not give a specific location of where people were injured. The GHF said no one was injured at the distribution site.

    The foundation said aid distribution continued on Wednesday without incident as it opened a second distribution hub. Across the two sites it has so far given out the equivalent of 840,262 meals. The GHF said it is working to open four sites and expand further in Gaza in the weeks ahead.

    The United Nations said that since aid deliveries resumed last week Israel had approved about 800 truckloads of relief.

    But U.N. spokesperson Stephane Dujarric said that fewer than 500 truckloads had made it to the Palestinian side of the Kerem Shalom crossing, “where we and our partners could collect just over 200 of them – limited by insecurity and restricted access.”

    Israel is under pressure over Gaza’s dire humanitarian situation. France, Britain, Canada and Germany have said they may take action if the military campaign is not halted. Italy on Wednesday said the offensive had become unacceptable.

    (Reuters)

  • Choreographed Demographic Alterations Driven by Political Motives, Aimed at Changing Geographies, Disrupt Social and Cultural Equilibrium: Vice-President

    Source: Government of India

    Source: Government of India (2)

    lign=”center”>Weaponisation Of Faith Through Coerced Conversion Erodes Social Harmony, Says VP
    Peace Is Secured From A Position Of Strength, Says VP
    Democracy Cannot Prosper Without Security, Economic Resilience, And Internal Harmony, Stresses VP
    Caste-Based Census Is A Milestone Step Towards Equitable Development, Says VP
    Democracies Must Be Compassionate, But Democracy Cannot Afford To Be Complacent, Highlights VP
    Demography, Democracy, And Diversity Define The Soul Of New Bharat, Urges VP
    Vice-President Addresses The 65th And 66th Convocation Ceremony Of The International Institute For Population Sciences (IIPS) In Mumbai

    The Vice-President of India, Shri Jagdeep Dhankhar today said, “There are choreographed, well-structured, ill-designed alterations aimed at changing the makeup of certain geographies. Young friends, these calculated alterations in our demography are often driven by political or strategic motives that are certainly not wholesome for our nation. These disrupt our social and cultural equilibrium. Such menacing trends require vigilant monitoring and decisive action to safeguard the integrity and sovereignty of Bharat. These are the most worrying trends. In contrast to slow and long term demographic shifts, which is usual, natural, demographic changes take place. They have to take place, but they are usually slow and long term. Natural demographic shifts occur gradually, deliberate and orchestrated changes in the demographic composition of certain regions pose a significant concern.”

    https://twitter.com/VPIndia/status/1927729706813841451

    Addressing the 65th and 66th Convocation Ceremony of the International Institute for Population Sciences (IIPS), Mumbai, as the Chief Guest, Shri Dhankhar said, “Peace is quintessential, fundamental for survival of democracy. Never forget, peace is secured from a position of strength. Democracy can blossom and prosper only in peace that is earned through strength, effective security, economic resilience, internal harmony. History is proof of it. Invasions can be thwarted and peace secured only when we are ever ready for war. Bharat has sent a global message. No longer shall we tolerate terrorism. We will liquidate it and destroy the source of it. Peace is not absence of conflict. It is the presence of preparedness. Democracy is a delicate bloom in its fertile soil of security. Democracy cannot prosper if there is no security. The sunlight of economic opportunity and the steady reign of social harmony also require peace.”

    On matters of security and national fortitude, Shri Dhankhar declared, “Without peace, democracy withers into fear, mistrust, and chaos. But let us not mistake peace for passivity. Lasting peace is never given — it is earned and it is defended. A nation secures its borders by decisive policies, by being resilient in its economy — then the nation becomes a fortress of peace. We have to emerge as a powerful military force in the region. Emergence of recent combinations that were decisively defeated by us — we have to be ever cognizant of them. We must embrace the ancient wisdom. And mind you, India is a global treasure of knowledge because of our ancient scriptures. There is Shanti Mantra. If we believe in peace, the nation has never believed in expansion.”

    Turning to a transformative governance reform, the Vice-President commended the Government of India’s decision, “The recent decision by the Government of India — a game-changing decision, a milestone in governance — is to include caste-based enumeration in the upcoming decadal census. This will be transformative. This will help us satisfy aspirations equitably to bring about equality and will be a decisive step towards social justice. This will also help us when data becomes available to enrich our understanding of inequalities. Because if inequalities are there, they generate and breed inequities. That is not the essence of governance. And therefore, these caste-based censuses, the data that will emanate, will guide us for targeted development. Development will reach in sectors where it is needed. I can say with pride, institutions like IIPS are uniquely positioned to play a crucial, critical role in interpreting such data and proposing inclusive solutions.”

    https://twitter.com/VPIndia/status/1927720771130179898

    He warned of deeply concerning trends threatening Bharat’s social fabric, “Bharat faces alarmingly cliffhanging situations with respect to demographic shifts, driven by unchecked illegal migrants, coupled with another sinister mechanism — alluring, manipulative conversions that distort our social fabric. These are not ordinary challenges. They are existential challenges that demand urgent, resolute, and effective national response. The time to act is now. Time to act with clarity and conviction, because this time bomb is ticking. We will have to demonstrate unwavering, unflinching, determined commitment to preserving the authenticity, the sanctity, and integrity of our civilization.”

    Highlighting the severity of orchestrated demographic interference, the Vice-President stated, “When demographic balances are manipulated not by organic evolution but by sinister orchestrated design, then it is no longer a question of migration — it is a question of demographic invasion. Bharat has suffered it. There are millions of illegal migrants. Can we suffer from them? We need people in this country who are committed to our civilisation, who believe in भारतीयता, who believe in our nationalism, who are prepared to lay down their lives for the nation.”

    He raised the alarm on conversion-based strategies that fragment societal unity, “Equally disturbing, worrisome, of deep concern is the weaponization of faith through coerced or induced conversion. Where belief is replaced by inducement, every belief has to be voluntary, optional. It is induced by Allurement! and choice by agenda. These are not isolated incidents. They erode social harmony, cultural coherence, and compromise of national security. Always remember, and Bharat is known in the world for this, democracies must be compassionate, but democracy cannot afford to be complacent.”

    The Vice-President passionately called for authentic public dialogue rooted in India’s civilisational values, “Authentic discourse is our core civilisational value. We cannot have rhetoric. We cannot have jingoism. Public discourse has to be authentic. Our heritage, drawn from Upanishads and Dharmashastras, celebrates dialogue over dogma, restraint over rage. I am pained sometimes when dogma and rage prevail. Youngsters in the country, the youth of the country, and the future of the country have to play a critical role in making public discourse more rational, sensible, and in sync with our civilisational ethos. Authenticity of communication with the public is fundamental. There are some exceptions, like security aspects, but for the rest, it is non-negotiable. Let us reaffirm the soul of democracy resides in honest, sincere, upright, factually balanced and correct dialogue.”

    https://twitter.com/VPIndia/status/1927730018429673900

    On India’s inclusive spirit and civilisational ethos, he reflected, “Which nation in the world can boast of inclusive growth, inclusive life and harmony? The Hinduism majority deeply rooted in the civilisational spirit has never been guided by majoritarianism. People mistake it. Hinduism majority is not majoritarianism. These impulses are antithetical to us. And see the difference in other traditions across the world. Level of their intolerance, level of their fundamentalism. They determine the mission to control through demographic explosion. Expansionism has no place in Hinduism, no place in Sanatan. This is a thought because we seek not to conquer, but to coexist.”

    In his concluding remarks, the Vice-President underscored the importance of population data for development, “Demography, democracy, and diversity. These three Ds define the soul of new bharat. These three pillars encapsulate the essence of India’s identity and aspirations. Demography represents the dynamic human capital that fuels the engine of progress. Democracy provides a robust framework for collective decision-making. In any other governance, there is no participation of the people in decision-making. Democracy, from that perspective, is unique. And diversity? India represents to the entire world what diversity is. We have a resplendent landscape, a spectrum of cultures, traditions, and perspectives that make our great ‘Bharat’ unique in the world. Understanding population dynamics, its growth, distribution, and composition, is fundamental to crafting policies that ensure sustainable development, economic growth, and social harmony. This aspect is critical for national security and harmony also. I know you are aware of the challenges. Your data will awaken those who need to address these challenges that have taken monstrous dimensions.”

    https://twitter.com/VPIndia/status/1927713635578908767

    Smt. Anupriya Patel, Union Minister of State in the Ministry of Health and Family Welfare; and Ministry of Chemicals and Fertilizers, Govt. of India, Shri Jaykumar Rawal, Minister of (Protocol & Marketing), Maharashtra, Prof. D.A. Nagdeve, Director & Sr. Professor(Addl. Charge), IIPS and other dignitaries were also present on the occasion.

  • MIL-OSI Russia: RASPP proposes to create a joint Russian-Chinese platform for trading in used cars

    Translation. Region: Russian Federal

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

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

    CHENGDU, May 29 (Xinhua) — The Russian-Asian Union of Industrialists and Entrepreneurs (RAUIE) proposes to create a joint Russian-Chinese platform for trading in used cars, RAUIE Executive Director Georgy Ryabtsev said Wednesday at the first Sichuan fair to connect suppliers and buyers in the used car export sector.

    The event was held in Chengdu, capital of Sichuan Province (southwest China). It was attended by representatives of nearly 40 trade organizations and enterprises from 10 countries, including Russia, Iran, Vietnam and Nigeria.

    “This is not only an important milestone in Sichuan Province’s entry into the global used car market, but also a key opportunity to rebuild the international automotive trade chain,” commented Ryabtsev, calling the event a “bridge” that connects the advantages of China’s supply chain with global market demand.

    “We are particularly pleased with the event’s focus on the used car market – one of the most promising areas for growth in Russian-Chinese economic cooperation,” he emphasized.

    According to him, today the automotive industry is undergoing large-scale changes: electric vehicles are transforming the global car market, and the rapid growth of sales of Chinese cars with new energy sources is opening up new prospects for the used car trade.

    “The Russian used car market is one of the largest in Eurasia. Last year alone, the volume of used car sales exceeded 5 million units,” explained G. Ryabtsev, noting the ever-growing interest in Chinese cars in Russia, as well as the growth in the import of used cars from China – both European and Chinese brands, which have already earned a reputation for being reliable, economical and meeting consumer demands.

    According to G. Ryabtsev, RASPP proposes to create a joint Russian-Chinese platform for trading in used cars. This initiative involves the creation of a single digital platform combining B2B and B2C models, with a unified legal, logistics and service infrastructure.

    “Russian consumers increasingly rely on digital channels: they are used to choosing, buying and even making transactions online. And the active development of electronic platforms, remote car diagnostic systems, logistics and legal services creates a favorable environment for the export of Chinese cars,” he added.

    On the sidelines of the fair, agreements were signed on seven major cooperation projects worth a total of more than 1 billion yuan (about 139 million US dollars).

    China began exporting used cars in May 2019, and will fully lift restrictions in this area in March 2024. -0-

    MIL OSI Russia News

  • Operation Sindoor outreach: Sule-led delegation conveys India’s resolute stance against terrorism in South Africa

    Source: Government of India

    Source: Government of India (4)

    An all-party Indian parliamentary delegation led by NCP (SP) MP Supriya Sule held extensive meetings with South African leadership in Cape Town, reiterating India’s firm and united stand against terrorism.

    According to a statement from the High Commission of India in Pretoria, the delegation met with South African Deputy Minister Kenneth Morolong and conveyed India’s counter-terrorism approach, which includes holding both terrorists and their enablers accountable through prompt and decisive action.

    The Deputy Minister assured that the matter would be brought to the attention of the South African Presidency, said the Indian mission.

    The delegation also held a detailed discussion with John Steenhuisen, Leader of the Democratic Alliance (DA) and Minister of Agriculture, along with other senior DA members.

    “DA expressed solidarity with the victims of the terrorist attack in Pahalgam and supported India’s resolve to fight cross-border terrorism,” the High Commission stated.

    Another key engagement was with the Parliamentary Portfolio Committee on International Relations and Cooperation of South Africa, chaired by Supra Obakeng Ramoeletsi Mahumapelo.

    During the meeting, the Indian MPs provided details of the Pahalgam terror attack and emphasised that Operation Sindoor was a focused and non-escalatory response aimed at neutralising the threat posed by cross-border terrorism.

    The visit began with a meeting hosted by P. (Les) Govender, Deputy Chairperson of South Africa’s National Council of Provinces (NCOP). During the session, a minute of silence was also observed in remembrance of the Pahalgam attack victims.

    The parliamentarians highlighted India’s unified approach and zero-tolerance policy towards terrorism. Members of NCOP expressed their solidarity with India and condemned terrorism in all its forms.

    Earlier, marking the start of the engagements, the delegation interacted with members of the Indian community in Johannesburg.

    “All-party delegation led by MP Supriya Sule interacted with the Indian community in South Africa. They emphasised India’s national consensus and collective resolve against terrorism in all its forms. Commended the wholehearted support of Indian diaspora to eradicate the scourge of terrorism,” the Indian High Commission posted on X.

    In addition to Sule, the delegation includes BJP leaders Rajiv Pratap Rudy, Anurag Thakur and V. Muraleedharan, Congress leaders Manish Tewari and Anand Sharma, Telugu Desam Party’s Lavu Sri Krishna Devarayalu, Aam Aadmi Party leader Vikramjeet Singh Sawhney, and former diplomat Syed Akbaruddin.

    The delegation arrived in South Africa following a successful visit to Qatar. The visit is part of India’s global outreach to raise awareness about the April 22 Pahalgam terror attack and Operation Sindoor, India’s calibrated military response.

    (With inputs from IANS)

  • Nepal takes game to new heights with T20 league

    Source: Government of India

    Source: Government of India (4)

    Glamorgan all-rounder Dan Douthwaite was not alone among the foreign players in being unsure what to expect when he headed to the Himalayas to take part in the inaugural Nepal Premier League (NPL) late last year.

    Taking up a playing contract in the mountainous nation of 30 million was always going to be a novel challenge for the Englishman, not least because the Twenty20 league was staged at a ground some 1,350 metres above sea level.

    “I thought I was going to be constantly out of breath or struggling, but it wasn’t actually as bad as I thought it was going to be,” the 28-year-old recalled of his time playing for the Kathmandu Gurkhas.

    “I think I noticed it more so with sixes. When they got the ball it absolutely went miles. A lot of balls … kept going and going and going.

    “When you think you’ve hit one straight up and it’s a 70-metre six.”

    Apart from the extra flight of the ball at the Tribhuvan University International Cricket Ground near Kathmandu, Douthwaite’s other big takeaway from the experience was the enthusiasm of the Nepali fans.

    “Cricket in Nepal is probably like the Premier League in England … there’s a kind of almost Indian cricket feel about the way people appreciate and love the game,” he told Reuters.

    This was the third attempt by Nepal, which became an ICC associate member in 1996 and has qualified for the T20 World Cup twice, to follow in the path of the Indian Premier League (IPL) by launching its own Twenty20 league.

    The NPL hopes the passion of the fans, combined with the country’s unique geography and society, will carve out a niche in a landscape dominated by the likes of the IPL and Australia’s Big Bash League.

    “We’re rich in terms of nature,” said Sandesh Katwal, the chief executive of the Gurkhas, one of eight NPL franchises.

    “It’s a beautiful country and we’re a friendly, welcoming people. The weather, the hospitality suits international players.”

    Former England batting all-rounder and IPL veteran Ravi Bopara, who turned out for Chitwan Rhinos, said it was a great experience, even if he turned down the offer of a helicopter trip to Everest Base Camp.

    GROWING PAINS

    A modest budget meant the NPL could not attract the really big names in the sport.

    All eight NPL franchises fetched a combined price of under 169 million Nepali rupees ($1.23 million) at an auction held last September. Prize money for the champions, Janakpur Bolts, was around $81,000.

    By contrast, India’s Rishabh Pant, the highest-paid player in the IPL, commanded over $3 million in the league’s player auction for the 2025 edition.

    A rushed first season also made it difficult to recruit international players, Katwal said.

    “Everything happened within a one to two-month period … most international players were already occupied. Many didn’t know about this tournament,” he added.

    “Since Christmas was near, many overseas players were in a hurry to return. From the second season I think we can plan to start a bit earlier, October or November.”

    Nevertheless, the NPL proved to be an effective proving ground for Nepal’s domestic talent, Bopara said.

    “There was a group of players who were full of potential but lacked experience,” he added.

    Katwal said he hoped the NPL would provide that valuable competitive experience, as the IPL has done for young Indian talents.

    “It’s a dream come true for Nepali players … sharing practice sessions with the foreign players, they definitely learned a lot. We also had coaches from India, Sri Lanka, England and elsewhere,” he said.

    “Since the IPL has started, you can see young players getting opportunities and it has paid off. The NPL is also an opportunity for Nepali players, a starting point.”

    (Reuters)

  • MIL-OSI China: China Film outlines its achievements, ambitions

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

    China Film Co. Ltd. has been named one of China’s top 30 cultural enterprises for the 17th time in a list jointly released by Guangming Daily and Economic Daily.

    Fu Ruoqing, chairman of China Film Co. Ltd., poses for a photo after a ceremony recognizing China’s top 30 cultural enterprises for 2025, Beijing, May 26, 2025. [Photo courtesy of China Film Co. Ltd.]

    Fu Ruoqing, chairman of China Film Co. Ltd., accepted the award at a ceremony in Beijing on May 26. The company also released a press release underscoring its remarkable achievements over the past year along with its innovations and global ambitions.

    The statement noted that behind this significant honor lies the company’s steadfast role as a national leader in cinema, demonstrating its commitment to innovation across multiple fronts including quality productions, technological advancement and market revitalization.

    China Film Co. Ltd. maintains a people-centered creative approach, emphasizing meaningful themes, compelling storytelling and high-quality productions, according to the press release. In 2024, the company released 46 films, accounting for 70.19% of China’s total domestic box office revenue. Nine of these titles ranked among the year’s top 10 highest-grossing Chinese films. The productions have earned more than 140 domestic and international honors.

    Notable releases include “The Volunteers: The Battle of Life and Death,” portraying the heroic efforts during the War to Resist U.S. Aggression and Aid Korea; the visually poetic dance film “A Tapestry of a Legendary Land,” adapting traditional Chinese culture through cross-media artistry; the dramas “Promise of Decades” and “Revisit,” commemorating the 25th anniversary of Macao’s return; and “Snow Leopard,” winner of multiple international awards.

    The film company is driving reform to boost productivity and innovation, integrating its operations in investment, development, production and distribution through deep convergence of production and operational systems. This creative-centered approach unleashes youthful vitality and a pioneering spirit. Through its Young Filmmakers Initiative, the company is fostering a new generation of creative studios and empowering young directors to boldly create and innovate.

    China Film Co. Ltd. said it has consistently led technological innovation in cinema amid the convergence of technology and culture. In 2024, the company unveiled a two-year film technology innovation plan and achieved several breakthroughs in core technologies, developing China’s own high-format cinema system covering projection equipment, production processes and front-end shooting. Its 10-meter Cinity LED screen became the world’s first DCI-certified LED projection system, marking China’s leadership in direct-view display technology. Following the opening of the Cinity LED Mastering Center in Beijing, an overseas counterpart has also been completed and put into operation in Hollywood. Over 200 Cinity theaters operate domestically, with more than 30 overseas. On May 16, the world’s first 14-meter Cinity LED screen debuted in Urumqi, Xinjiang Uygur Autonomous Region, delivering groundbreaking audiovisual experiences.

    China operates the world’s most extensive digital film distribution network covering both urban and rural areas. As the country’s largest distributor, China Film Co. Ltd. has implemented a range of measures to ensure robust film supply. In 2024, the company handled distribution for 646 films, accounting for 87.52% of China’s total box office revenue. Notably, it distributed all of the 10 highest-grossing domestic films and 98% of imported foreign titles, further solidifying its market dominance.

    The company has actively responded to policies for stimulating consumption and domestic demand to unlock market potential. In 2024, it partnered with China Media Group to pioneer cinema live broadcasts, holding over 1,000 screening events that attracted 64,000 viewers. The “Games Wide Open” initiative, bringing Olympic events to cinemas, became a cultural phenomenon.

    The company has also accelerated global outreach, with several films receiving overseas releases and selection at international film festivals. Through its alliance booths at various film events and festivals, it has facilitated 68 participating organizations in exhibitions and negotiations, brokered 11 international cooperation deals and promoted nearly 200 films. The addition of new documentary and stage art film categories further diversified China’s cinematic exports.

    As the vanguard of China’s film industry, China Film Co. Ltd. stated it will continue to advance high-quality development through proactive measures in production, distribution, exhibition, technology and services.

    China Film Co. Ltd., China Publishing Group, Tencent, iQiyi, iFlytek and 25 other enterprises were named to this year’s list of China’s top 30 cultural enterprises. These industry leaders reported total net assets of 695.2 billion yuan in 2024, with combined operating revenue of 639.8 billion yuan from their core businesses — breaking the 600-billion-yuan threshold for the first time.

    MIL OSI China News

  • Operation Sindoor outreach: Panama backs India’s stance against terrorism during Tharoor-led delegation’s visit

    Source: Government of India

    Source: Government of India (4)

    Panama President Jose Raul Mulino Quintero on Thursday (Indian time) extended his support to India’s resolute stand against terrorism during a meeting with an all-party Indian parliamentary delegation led by Congress MP Shashi Tharoor.

    The meeting took place at the Presidential Palace in Panama City and marked a key moment in India’s global outreach to garner international backing in the fight against cross-border terrorism.

    “The Indian delegation had a constructive and productive discussion with the President of Panama, Jose Raul Mulino Quintero, at his palace this afternoon. The President graciously expressed his understanding and support for India’s fight against terrorism,” Tharoor posted on X.

    In addition to the meeting with the President, the delegation held discussions with Panamanian Foreign Minister Javier Martinez-Acha and Vice-Minister Carlos Hoyos on Operation Sindoor and India’s determination to counter Pakistan-sponsored terrorism. Panama’s Foreign Minister backed India for a permanent seat in the United Nations Security Council.

    “Had an excellent and constructive conversation with Panamanian Foreign Minister Javier Martinez-Acha at his Ministry today, followed by discussions over lunch. He was accompanied by several of his colleagues, including Vice-Minister Carlos Hoyos, as well as two MPs – a tribute to the regard in which India is held here,” Tharoor shared on X.

    “A fruitful meeting of Indian Parliamentary delegation with the President of Panama Jose Raul Mulino at Presidential Palace in Panama City. FM Javier Martinez-Acha Vasquez and senior officials were present. President underlined Panama’s support for India and opposition to terrorism,” posted delegation member and former Indian diplomat Taranjit Singh Sandhu.

    As part of the visit, the delegation paid tribute to Mahatma Gandhi by laying floral offerings at his bust at the University of Panama and planting a mango sapling in his memory. Members of the Indian diaspora were also present during the ceremony.

    National Assembly President Dana Castaneda, who met the delegation earlier, also affirmed Panama’s support for India’s efforts.

    Speaking to reporters after the meeting, she said, “The message, which they have conveyed, has been very clearly understood by us. Panama wants to stand with India in this campaign for peace, and we hope that we can defeat terrorism.”

    The delegation’s visit to Panama marked the third leg of Shashi Tharoor-led parliamentarians who are a part of India’s global outreach campaign following the Pahalgam terror attack, in which 26 civilians were killed by Pakistan-linked terrorists.

    In addition to Tharoor, the delegation includes – Shambhavi of the Lok Janshakti Party (Ram Vilas), Sarfaraz Ahmad of the Jharkhand Mukti Morcha, Milind Murli Deora of the Shiv Sena, and BJP leaders Shashank Mani Tripathi, Bhubaneswar Kalita, and Tejasvi Surya, along with GM Harish Balayogi of the Telugu Desam Party.

    (With agency inputs)

  • Eventful day for Bengal over PM’s twin events in Alipurduar

    Source: Government of India

    Source: Government of India (4)

    West Bengal is heading for a politically eventful day on Thursday, with Prime Minister Narendra Modi scheduled to attend two major events—one administrative and the other political—in Alipurduar district, located in the northern part of the state.

    This will be the Prime Minister’s first official visit to both Alipurduar and West Bengal after the Lok Sabha elections last year. Prior to the elections, he had visited the state multiple times to campaign for the BJP.

    At the administrative programme, the Prime Minister will lay the foundation stone for the City Gas Distribution (CGD) project in the Alipurduar and Cooch Behar districts.

    The project, worth over ₹1,010 crore, aims to provide Piped Natural Gas (PNG) to more than 2.5 lakh households and over 100 commercial establishments and industries. It will also provide Compressed Natural Gas (CNG) by establishing around 19 CNG stations in line with the Minimum Work Program (MWP) targets stipulated by the Union Government.

    The administrative event will be followed by the Prime Minister’s address at a political rally in Alipurduar, where he is expected to speak about the success of ‘Operation Sindoor’, a military strike in which Indian armed forces successfully demolished several terror bases in Pakistan and Pakistan-occupied Kashmir.

    Political observers feel that Alipurduar has been strategically chosen as the venue for the Prime Minister’s post-‘Operation Sindoor’ programmes due to its geographical significance, with the Chicken Neck corridor on one side and the Seven Sisters of the North-East on the other.

    At the political rally, PM Modi is also expected to launch a scathing attack on the West Bengal government and the ruling Trinamool Congress, as hinted by the Prime Minister in a post on X on Wednesday.

    “I will be addressing a BJP West Bengal public meeting in Alipurduar tomorrow afternoon. Over the last decade, the various schemes of the NDA Government have been greatly appreciated by the people of West Bengal. At the same time, they are tired of the corruption and poor administration of the TMC,” the Prime Minister’s message on Wednesday read.

    — IANS

  • Operation Sindoor outreach: Baijayant Panda-led delegation underlines India’s anti-terrorism stance in Riyadh

    Source: Government of India

    Source: Government of India (4)

    The all-party Indian parliamentary delegation, led by BJP MP Baijayant Jay Panda met Mushabab Al-Qahtani, Director General of Prince Saud Al Faisal Institute of Diplomatic Studies in Saudi Arabia on Wednesday and underlined India’s commitment towards combating terrorism.

    The Embassy of India in Riyadh shared on X: “The All-Party delegation led by @PandaJay met H.E. Dr. Mushabab Al-Qahtani, DG, Prince Saud Al Faisal Institute of Diplomatic Studies @KSAPSAIDS & conveyed India’s unwavering commitment to combat terrorism in its all forms. The delegation also discussed India-Saudi Arabia strategic ties.”

    The delegation highlighted the significance of Operation Sindoor and India’s continued fight against Pakistan-sponsored cross-border terrorism in Riyadh after concluding successful engagements in Kuwait and Bahrain.

    “India’s stand on terrorism is resolute and uncompromising – a message we bring to Saudi Arabia with our all-party delegation. Appreciate the warm welcome by Abdulrahman Alharbi, Chair of the Saudi Arabia-India Friendship Committee of the Sura Council, as we begin key engagements to strengthen our growing partnership,” Panda posted on X.

    The delegation arrived in Riyadh early on Wednesday (Indian time) and later interacted with India’s Ambassador to Saudi Arabia, Suhel Khan, at the India House.

    The delegation also offered floral tributes to Mahatma Gandhi’s statue at the Indian Embassy in Riyadh.

    “Along with my colleagues from the all-party delegation, offered floral tributes to Mahatma Gandhi, honouring his timeless message of peace, non-violence & tolerance. We also had a detailed interaction with Ambassador Suhel Khan, reaffirming India’s resolute stand against terrorism and commitment to global peace,” Panda posted on X.

    During the three-day visit, the delegation will interact with a cross-section of political dignitaries, government officials, thought leaders, business and media representatives. They will also engage with members of the Indian community, the Indian Embassy in Riyadh said in a statement.

    As part of their concluding day of engagements in Kuwait on Tuesday, the delegation undertook a series of media engagements and cultural visits aimed at strengthening bilateral ties and highlighting India’s united stance against terrorism.

    “The delegation concluded its highly productive visit to Kuwait by effectively conveying India’s message of ‘Zero Tolerance’ and ‘New Normal’ against terrorism to a variety of interlocutors in Kuwait, including the Government, civil society, media, think tanks, opinion-makers and members of the Indian community,” said the Indian Embassy in Kuwait.

    The delegation also includes BJP MP Nishikant Dubey, BJP MP Phangnon Konyak, BJP MP Rekha Sharma, All India Majlis-e-Ittehadul Muslimeen (AIMIM) MP Asaduddin Owaisi, BJP MP Satnam Singh Sandhu, Ghulam Nabi Azad and former Indian diplomat Harsh Vardhan Shringla.

    (With inputs from IANS)

  • Operation Sindoor outreach: Ravi Shankar Prasad-led delegation heads to Denmark after concluding Rome visit

    Source: Government of India

    Source: Government of India (4)

    A nine-member Indian parliamentary delegation led by BJP MP Ravi Shankar Prasad will reach Denmark on Thursday after concluding a diplomatic outreach visit to Italy, where they emphasised India’s unwavering commitment to combating terrorism.

    In Copenhagen, the Indian parliamentarians will highlight the significance of Operation Sindoor and India’s continuing battle against Pakistan-sponsored cross-border terrorism.

    The delegation will interact with Danish parliamentarians, political parties, members of the media, and the Indian diaspora to share the country’s position on global terror challenges.

    During the Italy leg of the visit, the delegation engaged with key Italian leaders, think tanks, strategic experts, and news agencies to underline India’s zero-tolerance and ‘new normal’ policy toward Pakistan-facilitated cross-border terrorism.

    The meetings included discussions with Stefania Craxi, Chairperson of the Italian Senate’s Foreign Affairs and Defence Committee, who echoed India’s concerns and proposed stronger bilateral cooperation to address the global threat of terrorism.

    “During our visit to Italy, my colleagues from the all-party delegation and I had the privilege of meeting Senator Stefania Craxi, Chair of the Senate’s Foreign Affairs and Defence Committee. We apprised her of India’s firm stance against terrorism in all its forms, underscoring our zero-tolerance policy towards cross-border terrorism. Senator Craxi echoed our sentiments, emphasising the need for a unified global response to terrorism and proposing enhanced cooperation between India and Italy to tackle this pressing challenge,” Prasad posted on X.

    The delegation also engaged with the Indian diaspora and highlighted India’s unwavering commitment to combating terrorism.

    The Indian delegation includes, Daggubati Purandeswari (BJP), Priyanka Chaturvedi (Shiv Sena-UBT), Ghulam Ali Khatana (BJP), Amar Singh (Congress), Samik Bhattacharya (BJP), M. Thambidurai (AIADMK), former Union Minister M.J. Akbar, and former Ambassador Pankaj Saran.

    (With inputs from IANS)

  • MIL-OSI Security: CTG 73.6 Divers Complete Micro Spirit Removal in Yap, Federated States of Micronesia as part of Pacific Partnership 2025, May 14, 2025

    Source: United States Navy (Logistics Group Western Pacific)

    YAP, Federated States of Micronesia – Commander, Task Group 73.6 (CTG 73.6), U.S. 7th Fleet’s deployed salvage force, successfully completed the wreck-in-place and the at-sea disposal of an abandoned derelict vessel (ADV) in Yap, Federated States of Micronesia (FSM), as part of Pacific Partnership 25, May 14, 2025.

    The U.S. Navy divers from CTG 73.6, collaborated with multiple agencies; including the Navy’s Supervisor of Salvage (SUPSALV), SMIT Salvage, Singapore Salvage Engineering (SSE), Center Lift, FSM U.S. Embassy office, and Yap local agencies to remove the MV Micro Spirit. The team installed roller bags to relocate the wreck and employed a salvage chisel to conduct wreck-in-place operations into smaller sections for disposal. The sections were then transported to an at-sea designated disposal site approved by the Yap State government for its final resting place.

    Micro Spirit was one of six Japanese-built cargo vessels procured by the FSM government under a Japanese grant aid scheme between 1976 and 1978. The vessels were used by FSM to ferry passengers and cargo between the outer islands of the country. It is estimated that the vessel had been abandoned in place for over 10 years exposed to the elements. Micro Spirit developed severe structural problems – including an 11- degree starboard list and active seal leaks until it deteriorated beyond repair becoming an environmental and safety hazard.

    “The Micro Spirit’s disposal addresses significant environmental and safety concerns posed by the vessel’s presence in Colonia Harbor.” said Senior Chief Navy Diver Melissa Nguyen-Alarcon, Master Diver assigned to CTG 73.6. “Simultaneously, our divers were able to learn invaluable knowledge from their commercial counterparts from SMIT Salvage, SSE and Center Lift.”

    CTG 73.6 divers and personnel from SMIT Salvage and SSE worked together to remove hazardous materials including oil, lubricants, and large quantities of garbage and debris. Their efforts ensured that Micro Spirit was environmentally ready for disposal.

    “Over the years, the Micro Spirit accumulated substantial amount of debris and was cluttering the shores of Yap,” said Lt. Erik Jorde, Officer-in-Charge assigned to CTG 73.6. “Our team collaborated with SSE, SMIT, Center Lift and with local Yapese government agencies to successfully remove the vessel. This is a crucial step for the upcoming MILCON projects.”

    Micro Spirit was ultimately disposed at a pre-designated site, approved by the Yap Governor’s office, located approximately 11 nautical miles northwest of Yap.

    The removal of Micro Spirit contributed to the strong relationships and enduring trust between the United States and the FSM.

    “This mission has allowed CTG 73.6 to further develop their collective expertise and experience,” said LT Kahra Kelty, Acting U.S. 7th Fleet Salvage Officer. “As the designated Executive Agent for salvage and diving operations at CTF-73, it is our responsibility to continually enhance our organic capabilities while also strengthening our relationships with our partners in FSM.”

    CTG 73.6 is currently deployed to Yap, FSM. Renowned as the U.S. Seventh Fleet’s premier maritime emergency response and salvage force, CTG 73.6 exemplifies the U.S. Navy’s commitment to aiding communities in need and providing swift assistance during times of crisis. They will be removing a total of two ADVs while deployed in Yap.

    -30-

    Date Taken: 05.14.2025
    Date Posted: 05.29.2025 01:22
    Story ID: 499143
    Location: FM

    Web Views: 1
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    MIL Security OSI

  • MIL-OSI Economics: Result of the Daily Variable Rate Repo (VRR) auction held on May 29, 2025

    Source: Reserve Bank of India

    Tenor 1-day
    Notified Amount (in ₹ crore) 25,000
    Total amount of bids received (in ₹ crore) 3,335
    Amount allotted (in ₹ crore) 3,335
    Cut off Rate (%) 6.01
    Weighted Average Rate (%) 6.01
    Partial Allotment Percentage of bids received at cut off rate (%) NA

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/426

    MIL OSI Economics