Category: Asia

  • Venus Williams makes winning return after 16-month layoff

    Source: Government of India

    Source: Government of India (2)

    enus Williams enjoyed a winning return to tennis after more than a year away from the game as the 45-year-old American teamed up with compatriot Hailey Baptiste to win their round of 16 women’s doubles tie at the Washington Open on Monday.

    The seven-times Grand Slam singles champion had not played a competitive match in 16 months, with her last appearance on the WTA Tour coming at the Miami Open in March last year.

    Williams and Baptiste beat Eugenie Bouchard and Clervie Ngounoue 6-3 6-1 to reach the quarter-finals in Washington, and the former world number one said if felt “inspiring” to be back on court.

    “It wasn’t easy for us but we brought it together quickly as a team. I love this game and still hitting it big,” Williams told Sky Sports.

    Williams enjoyed playing with 23-year-old Baptiste so much she joked that she should have teamed up with her years ago instead of playing with her younger sister Serena, who she won 14 Grand Slam doubles titles with.

    “I could see that we were going to be a good team. We just should have started playing earlier, years ago, right?” she said. “I think Serena was just in the way.”

    (Reuters)

  • Alcaraz joins list of marquee withdrawals from Canadian Open

    Source: Government of India

    Source: Government of India (2)

    orld number two Carlos Alcaraz has joined the list of big names skipping next week’s Canadian Open in Toronto with the Spaniard saying he needs to focus on recovering from muscle issues after losing to Jannik Sinner in the Wimbledon final.

    The 22-year-old won the Italian Open, French Open and Queen’s Club titles before Sinner brought his 24-match winning streak to a halt at the All England Club earlier this month.

    “After many consecutive weeks of competition without rest, I will not be able to play in Toronto this year,” the five-times Grand Slam champion wrote on social media on Monday.

    “I have small muscle issues and need to recover physically and mentally for what comes next. To the tournament and my fans in Canada I am very sorry, I will see you next year.”

    The U.S. Open tune-up event will now be without four of the world’s top six men’s players after Sinner, Novak Djokovic and Jack Draper also opted out.

    World number one Sinner said he needed to prioritise his health, number five Draper is out with an arm injury and number six Djokovic is dealing with a groin problem that he sustained during his run to the Wimbledon semi-finals.

    The Canadian Open starts on Sunday and runs until August 7.

    The U.S. Open begins on August 24.

    (Reuters)

     

  • Liam Dawson back in England team after eight-year absence for fourth test vs India

    Source: Government of India

    Source: Government of India (2)

    ngland’s Liam Dawson has been named in the team to play India in the fourth test of the series at Old Trafford, England’s cricket board (ECB) announced on Monday, marking the spinner’s first test appearance in eight years.

    The 35-year-old Hampshire left-armer, who replaces the injured Shoaib Bashir, is the only change to the team for the fourth test which begins on Wednesday. Dawson has not played a test match since earning his third test cap in July 2017.

    Dawson, an unused member of the 2019 World Cup winning squad, did feature in the Twenty20 series against West Indies in June.

    Bashir suffered a fracture to his finger during the third test at Lord’s, which England won by 22 runs to take a 2-1 lead, leaving them one victory away from clinching their first five-match series win since 2018.

    England team:

    Zak Crawley, Ben Duckett, Ollie Pope, Joe Root, Harry Brook, Ben Stokes (captain), Jamie Smith (wicketkeeper), Liam Dawson, Chris Woakes, Brydon Carse, Jofra Archer.

    (Reuters)

  • PM Modi wishes good health to Jagdeep Dhankhar

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday wished Jagdeep Dhankhar good health following his resignation as the Vice President of India.

    In a post on X, PM Modi said, “Shri Jagdeep Dhankhar Ji has got many opportunities to serve our country in various capacities, including as the Vice President of India. Wishing him good health.

    On Monday, Vice President Dhankhar resigned from the office, citing health concerns and medical advice.

    In his resignation letter to President Droupadi Murmu, Dhankhar said, “To prioritise health care and abide by medical advice, I hereby resign as the Vice President of India, effective immediately.”

    The 72-year-old, who also served as Chairman of the Rajya Sabha, expressed gratitude to the President for her “unwavering support” and the “wonderfully harmonious working relationship” they shared during his tenure.

    Thanking Prime Minister Narendra Modi and the Council of Ministers, Dhankhar said, “Prime Minister’s cooperation and support have been invaluable, and I have learned much during my time in office.”

    He also acknowledged the trust and warmth extended by Members of Parliament, calling it a “cherished memory.”

    Reflecting on his time in office, Dhankhar said it had been a privilege to witness India’s economic growth and transformation. “Serving in this transformative era of our nation’s history has been a true honour,” he noted. “As I leave this esteemed office, I am filled with pride in Bharat’s global rise and phenomenal achievements and hold unwavering confidence in her brilliant future.”

    Dhankhar’s resignation came on the first day of the Monsoon Session of Parliament.

  • MIL-OSI Asia-Pac: Hong Kong Customs seized suspected cannabis buds worth about $2.5 million at airport (with photo)

    Source: Hong Kong Government special administrative region

    Hong Kong Customs today (July 22) detected a drug trafficking case involving baggage concealment at Hong Kong International Airport and seized about 12 kilograms of suspected cannabis buds with an estimated market value of about $2.5 million.

    A male passenger, aged 39, arrived in Hong Kong from Bangkok, Thailand, today. During customs clearance, Customs officers found the batch of suspected cannabis buds inside his check-in suitcase. He was subsequently arrested.

    The arrested person has been charged with one count of trafficking in a dangerous drug and will appear at the West Kowloon Magistrates’ Courts tomorrow (July 23).

    Customs will continue to step up enforcement against drug trafficking activities through intelligence analysis. The department also reminds members of the public to stay alert and not participate in drug trafficking activities for monetary return. They must not accept hiring or delegation from another party to carry controlled items into and out of Hong Kong. They are also reminded not to carry unknown items for other people.

    Customs will continue to apply a risk assessment approach and focus on selecting passengers from high-risk regions for clearance to combat transnational drug trafficking activities.

    Under the Dangerous Drugs Ordinance, trafficking in a dangerous drug is a serious offence. The maximum penalty upon conviction is a fine of $5 million and life imprisonment.

    Members of the public may report any suspected drug trafficking activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: New tax portals launched

    Source: Hong Kong Information Services

    The Inland Revenue Department (IRD) today launched three new tax portals under eTAX – Individual Tax Portal, Business Tax Portal and Tax Representative Portal – to provide electronic tax services to individuals, businesses, and tax service agents respectively, enabling them to handle tax matters conveniently and efficiently.

     

    The Individual Tax Portal offers a centralised platform for individual users to manage their personal tax matters, providing functions such as tax return filing, personal particulars updates and viewing of tax positions. They may also use the portal on their mobile devices via the “eTAX” app, also launched today by the IRD.

     

    The Business Tax Portal is specifically designed for businesses to handle tax matters and compliance obligations electronically, including tax return filing and business registration.

     

    As for the Tax Representative Portal, it caters to tax service agents (tax representatives, company secretaries and other tax service providers) to facilitate the management of their clients’ tax matters, including tax return filing and compliance tracking.

     

    The IRD explained that profiles of existing eTAX users have been migrated to the Individual Tax Portal, and they can use their registered information to log in to the portal.

     

    The department encourages businesses and service agents to open an eTAX account as early as possible to handle tax matters electronically via the other two portals in a safe, convenient and environmentally friendly way.

     

    Click here for more details.

    MIL OSI Asia Pacific News

  • MIL-OSI: Bispecific Antibodies Market Set to Surge to $163.15 Billion by 2032, Driven by a Robust 40.1% CAGR | Roche, Amgen, and Johnson & Johnson at the Forefront: AnalystView Market Insights

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, USA, July 22, 2025 (GLOBE NEWSWIRE) — The global bispecific antibodies market is witnessing a transformative surge, projected to grow at an impressive compound annual growth rate (CAGR) of 40.10%, reaching a valuation of approximately USD 163,149.35 million by 2032. This extraordinary growth is propelled by the increasing adoption of bispecific antibody therapies in oncology and immunology, groundbreaking clinical outcomes, and robust R&D investments aimed at next-generation biologics.

    Bispecific antibodies are bioengineered molecules designed to simultaneously recognize and bind to two different antigens or epitopes. Unlike monoclonal antibodies that target a single antigen, bispecific antibodies can link a disease-related antigen (such as one found on cancer cells) to another molecule—often a T-cell—thus redirecting immune cells to attack malignant tissues with heightened precision. This dual-binding capability is unlocking new therapeutic possibilities in cancer, autoimmune diseases, and infectious diseases. As of 2024, over 300 bispecific antibodies are in global clinical development, with 14 already approved by the U.S. FDA, reflecting the sector’s rapid growth and clinical validation.

    Download Free Sample Report PDF @  https://www.analystviewmarketinsights.com/request_sample/AV4090 

    Global Bispecific Antibodies Market Key Players- Detailed Competitive Insights

    • Amgen
    • Genentech
    • Akeso, Inc.
    • Taisho Pharmaceutical
    • Janssen
    • Immunocore
    • Adimab, Innovent Biologics, Inc.
    • AstraZeneca
    • Affimed GmbH
    • Xencor
    • F. Hoffmann-La Roche Ltd.
    • Sanofi
    • Regeneron Pharmaceuticals Inc.
    • Pieris Pharmaceuticals, Inc.
    • Eli Lilly
    • Mereo BioPharma Group plc
    • Merus
    • MacroGenics, Inc.
    • Sobi, TG Therapeutics Inc.
    • Genmab A/S
    • Alteogen
    • Emergent BioSolutions Inc.
    • Novartis AG
    • Astellas Pharma Inc.
    • Celgene Corporation
    • Others

    Market Drivers

    1. Increasing Cancer Prevalence Globally
    Cancer remains a global health crisis, with the World Health Organization (WHO) estimating around 19.3 million new cancer cases and nearly 10 million deaths in 2023 alone. Traditional therapies are often limited by poor specificity and severe side effects, which have shifted the focus toward more targeted modalities, such as bispecific antibodies. Their unique mechanism allows precise tumor targeting while preserving healthy tissues, making them a preferred choice for next-gen cancer therapies.

    2. Regulatory Approvals and Accelerated Development Pathways
    The U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) have actively supported innovative antibody therapeutics. Between 2022 and 2024, the FDA approved six bispecific antibodies, a testament to their growing clinical value. Regulatory agencies are also introducing expedited pathways for breakthrough therapies, speeding up market entry for promising candidates.

    3. Rising Investments in Immunotherapy and Biologics
    Governments and private players are significantly boosting funding for immunotherapy research. For instance, the U.S. National Cancer Institute (NCI) allocated over USD 15 billion toward cancer research in 2023, a portion of which is directed toward the development of targeted therapies, including bispecific antibodies. This capital influx is catalyzing clinical trials, molecule discovery, and scalable manufacturing solutions.

    Market Challenges

    Despite the optimistic trajectory, the bispecific antibodies market faces notable challenges:

    • Complex Manufacturing: Producing bispecific antibodies involves intricate processes, such as protein folding and stability optimization, which increase production time and cost.
    • High Development Costs: The R&D cycle for bispecific therapies is long and resource-intensive, often requiring large-scale trials and advanced biotechnological platforms.
    • Immunogenicity Risks: Some bispecific formats can trigger unwanted immune responses, complicating their clinical profiles.

    Nonetheless, advances in antibody engineering, such as the development of Fc-engineered antibodies and T-cell engaging bispecifics (BiTEs), are helping overcome these limitations.

    Regional Insights

    North America is poised to maintain a dominant position in the global bispecific antibodies market. Its leadership is driven by:

    • A well-established biotech and pharma industry.
    • Substantial government and private R&D investments.
    • Early and streamlined regulatory approvals.

    In 2023 alone, the U.S. government dedicated nearly USD 7.9 billion toward cancer research, a portion of which supports novel antibody-based treatments. Moreover, the presence of major biopharmaceutical companies and academic research centers ensures rapid clinical development.

    Asia-Pacific, on the other hand, is anticipated to experience the fastest growth rate. Countries such as China, India, and South Korea are:

    • Increasing healthcare expenditures.
    • Encouraging local biotech innovation.
    • Expanding access to clinical trials and biologic therapies.

    China, for example, is investing heavily in biologics manufacturing capabilities and has introduced supportive regulations for fast-track drug approval, which will likely make the region a future hub for bispecific antibody development.

    TABLE OF CONTENT

    1. Bispecific Antibodies Market Overview
    1.1. Study Scope
    1.2. Market Estimation Years
    2. Executive Summary
    2.1. Market Snippet
    2.1.1. Bispecific Antibodies Market Snippet by Drug Type
    2.1.2. Bispecific Antibodies Market Snippet by Indication
    2.1.3. Bispecific Antibodies Market Snippet by Distribution Channel
    2.1.4. Bispecific Antibodies Market Snippet by Country
    2.1.5. Bispecific Antibodies Market Snippet by Region
    2.2. Competitive Insights
    3. Bispecific Antibodies Key Market Trends
    3.1. Bispecific Antibodies Market Drivers
    3.1.1. Impact Analysis of Market Drivers
    3.2. Bispecific Antibodies Market Restraints
    3.2.1. Impact Analysis of Market Restraints
    3.3. Bispecific Antibodies Market Opportunities
    3.4. Bispecific Antibodies Market Future Trends……

    Get a detailed analysis on regions, market segments, customer landscape, and companies@ https://www.analystviewmarketinsights.com/reports/report-highlight-bispecific-antibodies-market

    Market Segmentation by Indication

    The bispecific antibodies market is segmented by application into:

    • Cancer
    • Autoimmune and Inflammatory Disorders
    • Others

    Among these, the oncology segment is forecasted to command the largest share throughout the forecast period. As of March 2025, over 650 bispecific antibodies are in clinical development globally—nearly all focused on oncology applications, and nine of the 11 bispecifics approved since 2021 target cancer, representing over 80% of recent regulatory approvals.

    Competitive Landscape & Innovation Strategies

    The bispecific antibody space is rapidly evolving with heightened competition among biotech giants and emerging players. Leading companies are prioritizing:

    • Next-generation platforms for greater safety, flexibility, and efficacy.
    • Strategic collaborations and licensing deals to expand pipeline access.
    • Geographic expansion into emerging economies with rising healthcare demands.

    Biotech firms are utilizing AI-driven drug discovery, cell-line optimization, and novel bispecific formats (like dual-variable domain antibodies and knob-into-hole technologies) to advance their products. Some players are also entering into co-development agreements to reduce costs and accelerate regulatory milestones.

    Future Outlook

    The bispecific antibodies market is positioned at the forefront of immunotherapeutic innovation. With strong clinical potential, increasing funding, and a favorable regulatory climate, the sector is expected to witness substantial growth through 2032. As manufacturing bottlenecks are resolved and newer formats with improved safety emerge, bispecific antibodies will likely become standard components of combination therapies in oncology and immune-related disorders.

    In conclusion, the bispecific antibodies market offers immense opportunities for stakeholders across biotechnology, healthcare, and investment sectors. Its rapid evolution signals a paradigm shift in how complex diseases are treated, ushering in a new era of precision medicine.

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    The MIL Network

  • How did a Bangladesh air force fighter jet crash into a school campus?

    Source: Government of India

    Source: Government of India (4)

    At least 25 children were among the 27 people killed when a Bangladesh Air Force plane crashed into a college and school campus in the capital city of Dhaka on Monday.

    Here is a look at what happened.

    HOW DID THE CRASH OCCUR?

    The fighter aircraft took off at 1:06 p.m. (0706 GMT) from the air force base in Dhaka’s Kurmitola for a routine training mission, but experienced a mechanical failure soon after.

    The pilot attempted to divert the aircraft away from densely populated areas to minimize civilian casualties and damage, but his efforts were unsuccessful and the jet crashed into a building.

    WHERE DID THE PLANE GO DOWN?

    The two-storey building that the plane rammed into belonged to the Milestone School and College in Dhaka’s Diabari area, located about 10 kilometres (six miles) from the air force base.

    Visuals from the scene showed the mangled remains of the aircraft dented into the side of the building, dismantling its iron grills and creating a gaping hole in the structure.

    HOW MANY PEOPLE WERE KILLED?

    The bodies of at least 27 people, including 25 children, a teacher, and the jet’s pilot, were pulled out from the debris.

    More than 100 children and 15 other people were also injured, of whom 78 are still admitted in hospitals with burn injuries.

    WHICH AIRCRAFT WAS INVOLVED IN THE INCIDENT?

    The jet was an F-7 fighter aircraft – the final and most advanced variant in China’s Chengdu J-7/F-7 aircraft family, according to Jane’s Information Group.

    Bangladesh had signed a contract in 2011 for 16 such planes, and deliveries were completed by 2013.

    HOW HAVE AUTHORITIES REACTED?

    The Bangladesh Air Force has formed a high-level investigation committee to probe the cause of the accident.

    Muhammad Yunus, the head of the country’s interim government, has also vowed to “take all necessary measures” to investigate its cause.

    In the meantime, the government says it is providing “all kinds of assistance” to those affected.

    (Reuters)

  • It was really possible with his vision: TVS MD on PM Modi’s idea of introducing motorcycle racing in Kutch

    Source: Government of India

    Source: Government of India (4)

    TVS Motor Company Managing Director Sudarshan Venu has credited Prime Minister Narendra Modi for providing a visionary boost to tourism in Gujarat’s Kutch region by encouraging the concept of motorcycle racing.

    According to Venu, the initiative helped transform the desert expanse into a magnet for motor enthusiasts and tourists alike.

    While sharing his experience with the ‘Modi Story’, Venu recalled a conversation he had with the Prime Minister that led to the bold idea of combining motorcycle sport with tourism in Kutch.

    “I was fortunate to talk to him a bit about what we are doing on racing. And he said you must develop tourism in India, and use these opportunities for that, and do something in Kutch during the Kutch festival. And we got hundreds of riders to ride there, to do stunt shows, to engage with the local community, but also to get riders from all parts to come there and see what Kutch is, a really beautiful place, and to expose everybody to that, and to further the brand of India in India and abroad,” Venu said.

    “It creates a sense of confidence, a sense of exploration, and a sense of fun, and this was really possible with PM Modi’s vision,” he added.

    Praising the Prime Minister’s wide-ranging influence on Indian industry, Venu added, “On the other hand, you also see him (addressing) tangible issues, how do we make in India, how do we design in India? How do MSMEs prosper? So at multiple levels, he is able to connect with people and give them ideas and inspire them to do better. That is really important. So I really cherish these ideas and try to implement them.”

    Earlier on Sunday, Prime Minister Modi met with Sudarshan Venu and Venu Srinivasan, Chairman Emeritus of TVS Motor Company.

    During the meeting, they presented the Prime Minister with the TVSM x Rann Utsav 2025 Coffee Table Book, which showcases the beauty of Kutch and the synergy between motorsports and regional tourism.

    “Glad to have met Shri Venu Srinivasan Ji and Mr. Sudarshan Venu. I commend them for the effort to chronicle the beauty of Kutch and also encourage motorcyclists to go there,” PM Modi wrote in a post on X following the meeting.

    TVS’s motorcycle racing initiative in Kutch has now become a case study in how motorsports and festivals can come together to create lasting tourism value, all driven by the Prime Minister’s vision of showcasing India’s diverse landscapes and talent.

    (IANS)

  • MIL-Evening Report: Gaza: Empty rhetoric from New Zealand and other Western countries

    In a joint statement, more than two dozen Western countries, including New Zealand, have called for an immediate end to the war on Gaza. But the statement is merely empty rhetoric that declines to take any concrete action against Israel, and which Israel will duly ignore. 

    AGAINST THE CURRENT: By Steven Cowan

    The New Zealand government has joined 27 other countries calling for an “immediate end” to the war in Gaza. The joint statement says  “the suffering of civilians in Gaza has reached new depths”.

    It goes on to say that the drip feeding of aid and the inhumane killing of civilians, including children, seeking to meet their most basic needs of water and food.

    But many of the countries that have signed this statement stand condemned for actively enabling Israel to pursue its genocidal assault on Gaza. Countries like Britain, Canada and Australia, continue to supply Israel with arms, have continued to trade with Israel, and have turned a blind eye to the atrocities and war crimes Israel continues to commit in Gaza.

    It’s more than ironic that while Western countries like Britain and New Zealand are calling for an end to the war in Gaza, they continue to be hostile toward the anti-war protest movements in their own countries.

    The British government recently classified the protest group Palestine Action as a “terrorist” group.

    In New Zealand, the Minister of Foreign Affairs, Winston Peters, has denounced pro-Palestine protesters as “left wing fascists” and “communist, fascist and anti-democratic losers”. He has pushed back against the growing demands that the New Zealand government take direct action against Israel, including the cutting of all diplomatic ties.

    The New Zealand government, which contains a number of Zionists within its cabinet, including Act leader David Seymour and co-leader Brooke van Velden, will be more than comfortable with a statement that proposes to do nothing.

    ‘Statement lacks leadership’
    Its call for an end to the war is empty rhetoric, and which Israel will duly ignore — as it has ignored other calls for its genocidal war to end.  As Amnesty International has said, ‘the statement lacks any resolve, leadership, or action to help end the genocide in Gaza.’

    “This is cruelty – this is not a war,” says this young girl’s placard quoting the late Pope Francis in an Auckland march last Saturday . . . this featured in an earlier report. Image: Asia Pacific Report

    New Zealand has declined to join The Hague Group alliance of countries that recently met in Colombia.

    It announced six immediate steps it would be taking against Israel. But since The Hague Group has already been attacked by the United States, it’s never been likely that New Zealand would join it.

    The National-led coalition government has surrendered New Zealand’s independent foreign policy in favour of supporting the interests of a declining American Empire.

    Republished from Steven Cowan’s blog Against The Current with permission.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Africa: Three-month-long vocational trainings give Jonglei youth hope of brighter future

    Source: APO


    .

    Many young South Sudanese women and men are involuntarily idle and desperate for any opportunities to earn qualifications that may lead to gainful employment or enable them to start their own small businesses.

    In Akobo and Bor, in volatile Jonglei State, a significant number of them were given such chances, with the graduates of three-month-long vocational trainings in both towns determined to grab them with both hands.

    “Everyone should plant vegetables. If you do, you gain good health and a possibility to earn money without subjecting yourself to the risks of assaults we women run when we collect firewood,” says Rodah Nyathuok Lual in Akobo.

    There, more than 100 youth, with the majority being women, have learnt income-generating skills like farming, tailoring, hairdressing, marketing and financial management.

    The initiative, funded by the United Nations Mission in South Sudan (UNMISS) and implemented by the national non-governmental organization Community Initiative for Development, is timely as resources in Akobo, following the return of many previously conflict-displaced persons, have become scarcer than usual.

    “When we work, we become role models in our communities by promoting both development and peace. When everyone is busy, there is no time or room for conflict,” says Domach Makuach Mark, another proud owner of new and marketable skills who, like all graduates, was also given a starter kit and connected to banks and other lenders for possible investments.

    UN peacekeepers from South Korea have given 77 of Domach’s peers in Bor reason to be equally optimistic about their futures. In the state capital, they have learnt everything from wiring a building safely and repairing a leaking pipe to cultivating food and raising poultry.

    “From now on, I hope people will buy eggs and chickens from me,” says Akuoch Mary Atem as she details her plan to open a poultry farm to support herself and her family.

    More young, aspiring women and men in and around Bor are likely to benefit from similar opportunities in the future.

    “In cooperation with the government, we hope that we’ll be able to expand our vocational school,” says Colonel Kwon Byung Guk, Commander of the South Korean contingent, who also revealed that his government will provide five top students with full scholarships for advanced studies in the East Asian country.

    Distributed by APO Group on behalf of United Nations Mission in South Sudan (UNMISS).

    MIL OSI Africa

  • Heavy rain to lash Nilgiris, Coimbatore; Chennai to see dip in temperature

    Source: Government of India

    Source: Government of India (4)

    Heavy rain is expected to lash the Nilgiris district and the Ghat areas of Coimbatore district, with the Regional Meteorological Centre (RMC) forecasting intense rainfall activity at isolated locations on Tuesday.

    The warning comes as Tamil Nadu continues to witness a change in weather patterns driven by an upper-air cyclonic circulation over the Bay of Bengal.

    According to the RMC, the cyclonic circulation lies over south Odisha and extends up to 5.8 km above mean sea level, tilting southeastward with height. This system, which initially stretched from south Odisha to north coastal Andhra Pradesh, is influencing widespread weather activity across Tamil Nadu and Puducherry.

    In Chennai, a dip in temperature was recorded after widespread drizzle and overcast skies on Monday.

    Nungambakkam recorded a maximum temperature of 31.3 degrees Celsius, marking a departure of 4.2 degrees from the normal, while Meenambakkam recorded 31.7 degrees, with a deviation of 3.9 degrees from the usual maximum.

    The weather department has predicted partly cloudy skies for Chennai on Tuesday, with light showers likely in some parts of the city and suburbs.

    Thunderstorms and lightning are also expected at a few places across Tamil Nadu and Puducherry, along with wind speeds reaching 40–50 kmph in some areas.

    The forecast indicates that light to moderate rain is likely at isolated places across Tamil Nadu and Puducherry till July 27.

    The temperature in Chennai is expected to remain between 32-35 degrees Celsius during the day and around 26-28 degrees Celsius at night for the next five days.

    Thanjavur recorded the highest maximum temperature in the state at 38 degrees Celsius on Monday, while Karur Paramathi reported the lowest minimum temperature at 21 degrees Celsius among the plains. Meanwhile, Chennai has received 19.8 cm of rainfall from June 1 to July 21 this year — significantly higher than the normal average of 13.17 cm for the same period, according to RMC data.

    (IANS)

  • MIL-OSI Banking: Secretary General of ASEAN Meets with First Vice President of the National Committee for Disaster Management of the Kingdom of Cambodia

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, this morning met with H.E. Kitte Sangahak Bandith Kun Kim, Senior Minister in Charge of Special Missions, First Vice President of the National Committee for Disaster Management (NCDM) of the Kingdom of Cambodia and Chair of ASEAN Ministerial Meeting on Disaster Management (AMMDM) 2025, in Phnom Penh, prior to the Opening Ceremony for the ASEAN Disaster Emergency Response Simulation Exercise 2025 (ARDEX-25). During the meeting, SG Dr. Kao congratulated Cambodia for hosting the ARDEX-25 and reiterated ASEAN Secretariat’s support for Cambodia’s Chairmanship for the AMMDM and the ASEAN Committee on Disaster Management (ACDM) to be held later this year in Phnom Penh.

     
    The post Secretary General of ASEAN Meets with First Vice President of the National Committee for Disaster Management of the Kingdom of Cambodia appeared first on ASEAN Main Portal.

    MIL OSI Global Banks

  • MIL-OSI Russia: 28 countries condemn Israel over ‘civilian suffering in Gaza’

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    LONDON, July 22 (Xinhua) — Twenty-eight countries and the European Union’s Commissioner for Equality, Preparedness and Crisis Management issued a joint statement on Monday condemning Israel for the suffering of civilians in Gaza.

    “The suffering of civilians in Gaza has reached new depths. We condemn the crumbs that are being sent as aid and the inhumane killing of civilians,” the statement said. “It is appalling that more than 800 Palestinians have been killed while asking for aid,” the document noted.

    “The Israeli government’s refusal to provide essential humanitarian assistance to civilians is unacceptable. Israel must uphold its obligations under international humanitarian law,” the statement added, calling for an immediate end to the war in Gaza.

    The parties also called on the Israeli government “to immediately lift restrictions on aid and urgently allow the UN and humanitarian NGOs to carry out their life-saving work safely and effectively.”

    Signed by the foreign ministers of Britain, France, Italy, Canada, Japan and other Western countries, the statement also opposes any attempts to change the territorial or demographic status of the occupied Palestinian territories.

    In response, the Israeli Foreign Ministry dismissed the statement as “out of touch with reality” and accused Hamas of being “the only party responsible for the lack of an agreement on the release of hostages and a ceasefire.” –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • UAE Introduces Sugar-Based Tax on Sweetened Beverages to Promote Healthier Choices

    Source: Government of India

    Source: Government of India (4)

    The United Arab Emirates (UAE) is set to implement a paradigm shift in its policy regarding excise tax on sugar-sweetened beverages (SSBs) from January 2026, announced the Ministry of Finance and Federal Tax Authority (FTA) .The new rule will shift from a flat 50% tax rate to a tiered volumetric model, where the tax per liter is directly linked to the sugar content per 100ml of a beverage. This move aims to reduce sugar consumption, promote healthier dietary habits, and combat lifestyle-related diseases such as obesity and Type 2 diabetes.

    Under the current system, introduced in 2017 and expanded in 2019, all sweetened beverages—including carbonated drinks, energy drinks, and products with added sugars or sweeteners, are subject to a uniform 50% excise tax. The new tiered system will impose higher taxes on beverages with greater sugar content, incentivizing manufacturers to reformulate their products to lower sugar levels. “The updated mechanism encourages manufacturers to reduce added sugars and empowers consumers to make more informed dietary choices,” the Ministry of Finance stated.

    Health experts have praised the initiative as a significant step toward addressing public health challenges in the UAE, where the prevalence of diabetes among adults is approximately 20.7%, according to 2024 statistics from the International Diabetes Federation. This policy is commendable in the fight against obesity, metabolic syndrome, and Type 2 diabetes.”The policy aligns with the UAE’s broader health strategy and sustainable development goals, developed in coordination with the Ministry of Health and Prevention.The UAE’s innovative approach to taxing sweetened beverages based on sugar content positions the country as a leader in using fiscal policy to drive public health outcomes, with potential ripple effects across the region.

     

  • Heavy rain triggers flood-like situation in J&K’s Rajouri; schools closed

    Source: Government of India

    Source: Government of India (4)

    A flood-like situation has developed in Jammu and Kashmir’s Rajouri district after the Dharhali and Saktoh rivers swelled significantly due to incessant rainfall, officials said on Tuesday.

    As a precautionary measure, the Rajouri District Administration has ordered the closure of all government and private schools across the district for the day.

    Authorities are closely monitoring the situation as continuous downpours have led to waterlogging and disrupted daily life, particularly in several low-lying areas. No casualties or major damage have been reported so far.

    In response to the weather-induced challenges, the Border Roads Organisation (BRO) has intensified road construction activities in the hilly Pir Panjal region of Rajouri to enhance connectivity and address waterlogging issues in towns such as Kotranka, Samote, and Budhal.

    “Wherever waterlogging is an issue, especially in market areas, we are constructing concrete pavements,” said Sanjay Sharma, a BRO engineer. “Drains in these markets often clog, causing water to overflow onto roads. We have now covered those areas with concrete pavements and are also repairing damaged road sections,” he added.

    Sharma noted that the initiative is aimed at ensuring smoother travel, reducing disruptions, and improving road safety. Regular maintenance work is ongoing to sustain the improvements.

    (ANI)

     

  • Heavy rain triggers flood-like situation in J&K’s Rajouri; schools closed

    Source: Government of India

    Source: Government of India (4)

    A flood-like situation has developed in Jammu and Kashmir’s Rajouri district after the Dharhali and Saktoh rivers swelled significantly due to incessant rainfall, officials said on Tuesday.

    As a precautionary measure, the Rajouri District Administration has ordered the closure of all government and private schools across the district for the day.

    Authorities are closely monitoring the situation as continuous downpours have led to waterlogging and disrupted daily life, particularly in several low-lying areas. No casualties or major damage have been reported so far.

    In response to the weather-induced challenges, the Border Roads Organisation (BRO) has intensified road construction activities in the hilly Pir Panjal region of Rajouri to enhance connectivity and address waterlogging issues in towns such as Kotranka, Samote, and Budhal.

    “Wherever waterlogging is an issue, especially in market areas, we are constructing concrete pavements,” said Sanjay Sharma, a BRO engineer. “Drains in these markets often clog, causing water to overflow onto roads. We have now covered those areas with concrete pavements and are also repairing damaged road sections,” he added.

    Sharma noted that the initiative is aimed at ensuring smoother travel, reducing disruptions, and improving road safety. Regular maintenance work is ongoing to sustain the improvements.

    (ANI)

     

  • Heavy rain triggers flood-like situation in J&K’s Rajouri; schools closed

    Source: Government of India

    Source: Government of India (4)

    A flood-like situation has developed in Jammu and Kashmir’s Rajouri district after the Dharhali and Saktoh rivers swelled significantly due to incessant rainfall, officials said on Tuesday.

    As a precautionary measure, the Rajouri District Administration has ordered the closure of all government and private schools across the district for the day.

    Authorities are closely monitoring the situation as continuous downpours have led to waterlogging and disrupted daily life, particularly in several low-lying areas. No casualties or major damage have been reported so far.

    In response to the weather-induced challenges, the Border Roads Organisation (BRO) has intensified road construction activities in the hilly Pir Panjal region of Rajouri to enhance connectivity and address waterlogging issues in towns such as Kotranka, Samote, and Budhal.

    “Wherever waterlogging is an issue, especially in market areas, we are constructing concrete pavements,” said Sanjay Sharma, a BRO engineer. “Drains in these markets often clog, causing water to overflow onto roads. We have now covered those areas with concrete pavements and are also repairing damaged road sections,” he added.

    Sharma noted that the initiative is aimed at ensuring smoother travel, reducing disruptions, and improving road safety. Regular maintenance work is ongoing to sustain the improvements.

    (ANI)

     

  • Parliament passes ‘Bills of Lading, 2025’ to modernize maritime law in India

    Source: Government of India

    Source: Government of India (4)

    In a landmark development for India’s maritime sector, Parliament on Monday passed the Bills of Lading, 2025, replacing the 169-year-old colonial-era Indian Bills of Lading Act, 1856. The Rajya Sabha cleared the bill on the first day of the Monsoon Session, following its earlier passage in the Lok Sabha in March 2025. The bill now awaits Presidential assent before becoming law.

    Tabled by Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal, the bill marks a significant step in India’s efforts to overhaul outdated legal frameworks and align them with contemporary global standards. Once enacted, the legislation will simplify maritime shipping documentation in India, making it more transparent, efficient, and in tune with international trade practices.

    Speaking in the Rajya Sabha, Minister Sonowal emphasized that the reform is part of the government’s broader mission to build a “Viksit Bharat” by 2047, as envisioned by Prime Minister Narendra Modi. “This vision is not merely aspirational; it is a call to action, urging us to align our efforts and aspirations with the promise of a new and prosperous Bharat,” he said.

    The Bills of Lading, 2025 introduces modern, business-friendly terminology and streamlines the rights and obligations of carriers, shippers, and lawful holders. It aims to reduce ambiguity in shipping documentation, minimize litigation risks, and strengthen India’s position in global trade by adopting internationally recognized norms.

    The new legislation also features simplified legal language and restructures complex provisions. It includes an enabling clause empowering the Central Government to issue directives for effective implementation. A standard repeal and saving clause ensures that all past actions under the old Act remain valid, maintaining legal continuity.

    Minister Sonowal described the passage of the bill as a decisive move away from colonial legacies and toward a legal system that reflects India’s constitutional values and current economic aspirations. “As we reflect on the 76th year since the adoption of the Indian Constitution, it is the perfect moment to cast aside the remnants of colonial and pre-constitutional legacies that hinder our progress,” he said.

  • Parliament passes ‘Bills of Lading, 2025’ to modernize maritime law in India

    Source: Government of India

    Source: Government of India (4)

    In a landmark development for India’s maritime sector, Parliament on Monday passed the Bills of Lading, 2025, replacing the 169-year-old colonial-era Indian Bills of Lading Act, 1856. The Rajya Sabha cleared the bill on the first day of the Monsoon Session, following its earlier passage in the Lok Sabha in March 2025. The bill now awaits Presidential assent before becoming law.

    Tabled by Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal, the bill marks a significant step in India’s efforts to overhaul outdated legal frameworks and align them with contemporary global standards. Once enacted, the legislation will simplify maritime shipping documentation in India, making it more transparent, efficient, and in tune with international trade practices.

    Speaking in the Rajya Sabha, Minister Sonowal emphasized that the reform is part of the government’s broader mission to build a “Viksit Bharat” by 2047, as envisioned by Prime Minister Narendra Modi. “This vision is not merely aspirational; it is a call to action, urging us to align our efforts and aspirations with the promise of a new and prosperous Bharat,” he said.

    The Bills of Lading, 2025 introduces modern, business-friendly terminology and streamlines the rights and obligations of carriers, shippers, and lawful holders. It aims to reduce ambiguity in shipping documentation, minimize litigation risks, and strengthen India’s position in global trade by adopting internationally recognized norms.

    The new legislation also features simplified legal language and restructures complex provisions. It includes an enabling clause empowering the Central Government to issue directives for effective implementation. A standard repeal and saving clause ensures that all past actions under the old Act remain valid, maintaining legal continuity.

    Minister Sonowal described the passage of the bill as a decisive move away from colonial legacies and toward a legal system that reflects India’s constitutional values and current economic aspirations. “As we reflect on the 76th year since the adoption of the Indian Constitution, it is the perfect moment to cast aside the remnants of colonial and pre-constitutional legacies that hinder our progress,” he said.

  • MIL-OSI: NBPE – Net Asset Value(s)

    Source: GlobeNewswire (MIL-OSI)

    THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS

    NBPE Announces June Monthly NAV Estimate

    St, Peter Port, Guernsey, 22 July 2025

    NB Private Equity Partners (NBPE), the $1.2bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 30 June 2025 monthly NAV estimate.

    NAV Highlights (30 June 2025)

    • NAV per share was $27.42 (£20.01), a total return of 0.5% in the month
    • Total realisations of $68 million and $8 million of follow-on investments in the first half of 2025
    • $284 million of available liquidity at 30 June 2025
    • ~51k shares repurchased (~$1 million) during June 2025 at a weighted average discount of 30% which was accretive to NAV by ~$0.01 per share. Year-to-date, NBPE has repurchased ~759k shares (~$15 million) at a weighted average discount of 29% which was accretive to NAV by ~$0.11 per share
    As of 30 June 2025 Year to Date One Year 3 years 5 years 10 years
    NAV TR (USD)*
    Annualised
    1.3% 3.6% 5.8%
    1.9%
    76.1%
    12.0%
    158.3%
    10.0%
    MSCI World TR (USD)*
    Annualised
    9.3% 16.8% 68.0%
    18.9%
    101.9%
    15.1%
    189.9%
    11.2%
               
    Share price TR (GBP)*
    Annualised
    (7.6%) (6.9%) 10.4%
    3.3%
    91.6%
    13.9%
    185.1%
    11.0%
    FTSE All-Share TR (GBP)*
    Annualised
    9.1% 11.2% 35.5%
    10.7%
    67.3%
    10.8%
    92.7%
    6.8%

    * All NBPE performance figures assume re-investment of dividends on the ex-dividend date and reflect cumulative returns over the relevant time periods shown. Three-year, five-year and ten-year annualised returns are presented for USD NAV, MSCI World (USD), GBP Share Price and FTSE All-Share (GBP) Total Returns.

    Portfolio Update to 30 June 2025

    NAV performance during the month driven by:

    • 0.7% NAV increase ($9 million) from changes in FX rates
    • 0.1% NAV increase ($1 million) attributable to changes in prices of quoted holdings (which now constitute 6% of portfolio fair value)
    • Immaterial impact on NAV from additional private valuation information received during the month
    • 0.2% NAV decrease ($3 million) attributable to expense accruals

    $68 million of realisations in the first half of 2025

    • Of the $68 million received during the first half, over three-quarters of the proceeds are from full and partial sales / exits of private holdings; remaining realisations consisted of proceeds from the sales of quoted holdings and other partial realisations

    $284 million of total liquidity at 30 June 2025

    • $74 million of cash and liquid investments with $210 million of undrawn credit line available

    2025 Share Buybacks

    • ~51k shares repurchased in June 2025 at a weighted average discount of 30%; buybacks were accretive to NAV by ~$0.01 per share
    • Year-to-date, NBPE has repurchased ~759k shares at a weighted average discount of 29% which were accretive to NAV by ~$0.11 per share

    Portfolio Valuation

    The fair value of NBPE’s portfolio as of 30 June 2025 was based on the following information:

    • 6% of the portfolio was valued as of 30 June 2025
      • 6% in public securities
    • 94% of the portfolio was valued as of 31 March 2025
      • 94% in private direct investments

    For further information, please contact:

    NBPE Investor Relations        +44 (0) 20 3214 9002
    Luke Mason        NBPrivateMarketsIR@nb.com  

    Kaso Legg Communications        +44 (0)20 3882 6644

    Charles Gorman        nbpe@kl-communications.com
    Luke Dampier
    Charlotte Francis

    Supplementary Information (as at 30 June 2025)

    Company Name Vintage Lead Sponsor Sector Fair Value ($m) % of FV
    Action 2020 3i Consumer 86.6 6.9%
    Osaic 2019 Reverence Capital Financial Services 63.4 5.0%
    Solenis 2021 Platinum Equity Industrials 59.8 4.7%
    BeyondTrust 2018 Francisco Partners Technology / IT 47.7 3.8%
    Monroe Engineering 2021 AEA Investors Industrials 44.7 3.5%
    Business Services Company* 2017 Not Disclosed Business Services 40.2 3.2%
    Branded Cities Network 2017 Shamrock Capital Communications / Media 37.3 3.0%
    True Potential 2022 Cinven Financial Services 35.6 2.8%
    Mariner 2024 Leonard Green & Partners Financial Services 33.7 2.7%
    FDH Aero 2024 Audax Group Industrials 32.9 2.6%
    Marquee Brands 2014 Neuberger Berman Consumer 31.6 2.5%
    GFL (NYSE: GFL) 2018 BC Partners Business Services 30.5 2.4%
    Auctane 2021 Thoma Bravo Technology / IT 29.1 2.3%
    Fortna 2017 THL Industrials 28.7 2.3%
    Staples 2017 Sycamore Partners Business Services 27.7 2.2%
    Viant 2018 JLL Partners Healthcare 27.3 2.2%
    Engineering 2020 NB Renaissance / Bain Capital Technology / IT 27.2 2.2%
    Stubhub 2020 Neuberger Berman Consumer 26.4 2.1%
    Agiliti 2019 THL Healthcare 25.3 2.0%
    Kroll 2020 Further Global / Stone Point Financial Services 25.0 2.0%
    Benecon 2024 TA Associates Healthcare 24.7 2.0%
    Solace Systems 2016 Bridge Growth Partners Technology / IT 24.6 1.9%
    Excelitas 2022 AEA Investors Industrials 24.1 1.9%
    Exact 2019 KKR Technology / IT 24.0 1.9%
    Constellation Automotive 2019 TDR Capital Business Services 21.4 1.7%
    CH Guenther 2021 Pritzker Private Capital Consumer 21.2 1.7%
    Tendam 2017 PAI Consumer 20.0 1.6%
    Addison Group 2021 Trilantic Capital Partners Business Services 19.9 1.6%
    Bylight 2017 Sagewind Partners Technology / IT 19.9 1.6%
    Real Page 2021 Thoma Bravo Technology / IT 18.8 1.5%
    Total Top 30 Investments                              $979.2 77.5%

    *Undisclosed company due to confidentiality provisions.

    Geography % of Portfolio
    North America 76%
    Europe 23%
    Asia / Rest of World 1%
    Total Portfolio 100%
       
    Industry % of Portfolio
    Tech, Media & Telecom 23%
    Consumer / E-commerce 22%
    Industrials / Industrial Technology 17%
    Financial Services 14%
    Business Services 11%
    Healthcare 8%
    Other 3%
    Energy 1%
    Total Portfolio 100%
       
    Vintage Year % of Portfolio
    2016 & Earlier 10%
    2017 16%
    2018 13%
    2019 13%
    2020 14%
    2021 18%
    2022 6%
    2023 2%
    2024 8%
    Total Portfolio 100%

    About NB Private Equity Partners Limited
    NBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.

    LEI number: 213800UJH93NH8IOFQ77

    About Neuberger Berman
    Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $538 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger’s investment philosophy is founded on active management, fundamental research and engaged ownership. The firm has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last eleven years (firms with more than 1,000 employees). Visit www.nb.com for more information, including www.nb.com/disclosure-global-communications for information on awards. Data as of June 30, 2025, unless stated otherwise.

    This press release appears as a matter of record only and does not constitute an offer to sell or a solicitation of an offer to purchase any security.

    NBPE is established as a closed-end investment company domiciled in Guernsey. NBPE has received the necessary consent of the Guernsey Financial Services Commission. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. This document is not intended to constitute legal, tax or accounting advice or investment recommendations. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of NBPE’s investment manager. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Additionally, this document contains “forward-looking statements.” Actual events or results or the actual performance of NBPE may differ materially from those reflected or contemplated in such targets or forward-looking statements.


    1Based on net asset value.

    Attachment

    The MIL Network

  • Google clinches milestone gold at global math competition, while OpenAI also claims win

    Source: Government of India

    Source: Government of India (4)

    Alphabet’s Google and OpenAI said their artificial-intelligence models won gold medals at a global mathematics competition, signaling a breakthrough in math capabilities in the race to build systems that can rival human intelligence.

    The results marked the first time that AI systems crossed the gold-medal scoring threshold at the International Mathematical Olympiad (IMO) for high-school students.

    Both companies’ models solved five out of six problems, achieving the result using general-purpose “reasoning” models that processed mathematical concepts using natural language, in contrast to the previous approaches used by AI firms.

    While Google DeepMind worked with the IMO to have their models graded and certified by the committee, OpenAI did not officially enter the competition. The startup revealed their models have achieved a gold medal-worthy score on this year’s questions on Saturday, citing grades by three external IMO medalists.

    The achievement suggests AI is less than a year away from being used by mathematicians to crack unsolved research problems at the frontier of the field, according to Junehyuk Jung, a math professor at Brown University and visiting researcher in Google’s DeepMind AI unit.

    “I think the moment we can solve hard reasoning problems in natural language will enable the potential for collaboration between AI and mathematicians,” Jung told Reuters.

    OpenAI’s breakthrough was achieved with a new experimental model centered on massively scaling up “test-time compute.” This was done by both allowing the model to “think” for longer periods and deploying parallel computing power to run numerous lines of reasoning simultaneously, according to Noam Brown, researcher at OpenAI. Brown declined to say how much in computing power it cost OpenAI, but called it “very expensive.”

    To OpenAI researchers, it is another clear sign that AI models can command extensive reasoning capabilities that could expand into other areas beyond math.

    The optimism is shared by Google researchers, who believe AI models’ capabilities can apply to research quandaries in other fields such as physics, said Jung, who won an IMO gold medal as a student in 2003.

    Of the 630 students participating in the 66th IMO on the Sunshine Coast in Queensland, Australia, 67 contestants, or about 11%, achieved gold-medal scores.

    Google’s DeepMind AI unit last year achieved a silver medal score using AI systems specialized for math. This year, Google used a general-purpose model called Gemini Deep Think, a version of which was previously unveiled at its annual developer conference in May.

    Unlike previous AI attempts that relied on formal languages and lengthy computation, Google’s approach this year operated entirely in natural language and solved the problems within the official 4.5-hour time limit, the company said in a blog post.

    OpenAI, which has its own set of reasoning models, similarly built an experimental version for the competition, according to a post by researcher Alexander Wei on social media platform X. He noted that the company does not plan to release anything with this level of math capability for several months.

    This year marked the first time the competition coordinated officially with some AI developers, who have for years used prominent math competitions like IMO to test model capabilities. IMO judges certified the results of those companies, including Google, and asked them to publish results on July 28.

    “We respected the IMO Board’s original request that all AI labs share their results only after the official results had been verified by independent experts and the students had rightly received the acclamation they deserved,” Google DeepMind CEO Demis Hassabis said on X on Monday.

    OpenAI, which published its results on Saturday and first claimed gold-medal status, said in an interview that it had permission from an IMO board member to do so after the closing ceremony on Saturday.

    (Reuters)

  • Google clinches milestone gold at global math competition, while OpenAI also claims win

    Source: Government of India

    Source: Government of India (4)

    Alphabet’s Google and OpenAI said their artificial-intelligence models won gold medals at a global mathematics competition, signaling a breakthrough in math capabilities in the race to build systems that can rival human intelligence.

    The results marked the first time that AI systems crossed the gold-medal scoring threshold at the International Mathematical Olympiad (IMO) for high-school students.

    Both companies’ models solved five out of six problems, achieving the result using general-purpose “reasoning” models that processed mathematical concepts using natural language, in contrast to the previous approaches used by AI firms.

    While Google DeepMind worked with the IMO to have their models graded and certified by the committee, OpenAI did not officially enter the competition. The startup revealed their models have achieved a gold medal-worthy score on this year’s questions on Saturday, citing grades by three external IMO medalists.

    The achievement suggests AI is less than a year away from being used by mathematicians to crack unsolved research problems at the frontier of the field, according to Junehyuk Jung, a math professor at Brown University and visiting researcher in Google’s DeepMind AI unit.

    “I think the moment we can solve hard reasoning problems in natural language will enable the potential for collaboration between AI and mathematicians,” Jung told Reuters.

    OpenAI’s breakthrough was achieved with a new experimental model centered on massively scaling up “test-time compute.” This was done by both allowing the model to “think” for longer periods and deploying parallel computing power to run numerous lines of reasoning simultaneously, according to Noam Brown, researcher at OpenAI. Brown declined to say how much in computing power it cost OpenAI, but called it “very expensive.”

    To OpenAI researchers, it is another clear sign that AI models can command extensive reasoning capabilities that could expand into other areas beyond math.

    The optimism is shared by Google researchers, who believe AI models’ capabilities can apply to research quandaries in other fields such as physics, said Jung, who won an IMO gold medal as a student in 2003.

    Of the 630 students participating in the 66th IMO on the Sunshine Coast in Queensland, Australia, 67 contestants, or about 11%, achieved gold-medal scores.

    Google’s DeepMind AI unit last year achieved a silver medal score using AI systems specialized for math. This year, Google used a general-purpose model called Gemini Deep Think, a version of which was previously unveiled at its annual developer conference in May.

    Unlike previous AI attempts that relied on formal languages and lengthy computation, Google’s approach this year operated entirely in natural language and solved the problems within the official 4.5-hour time limit, the company said in a blog post.

    OpenAI, which has its own set of reasoning models, similarly built an experimental version for the competition, according to a post by researcher Alexander Wei on social media platform X. He noted that the company does not plan to release anything with this level of math capability for several months.

    This year marked the first time the competition coordinated officially with some AI developers, who have for years used prominent math competitions like IMO to test model capabilities. IMO judges certified the results of those companies, including Google, and asked them to publish results on July 28.

    “We respected the IMO Board’s original request that all AI labs share their results only after the official results had been verified by independent experts and the students had rightly received the acclamation they deserved,” Google DeepMind CEO Demis Hassabis said on X on Monday.

    OpenAI, which published its results on Saturday and first claimed gold-medal status, said in an interview that it had permission from an IMO board member to do so after the closing ceremony on Saturday.

    (Reuters)

  • Rain lashes several parts of Delhi; IMD predicts light rain for next seven days

    Source: Government of India

    Source: Government of India (4)

    Several parts of the national capital witnessed rainfall on Tuesday, offering much-needed relief from the recent spell of heat and contributing to the ongoing monsoon activity across the region.

    According to the India Meteorological Department (IMD), Delhi is likely to experience light to moderate rain accompanied by thunderstorms and lightning on July 22 and 23. The skies will remain generally cloudy during this period, the IMD said in a statement.

    The forecast indicates that light rain will continue through the week, with weather conditions expected to remain similar until July 28.

    Daytime temperatures are likely to fluctuate between 36°C and 23°C over the next seven days, maintaining a relatively cooler atmosphere compared to previous weeks.

    The IMD’s extended forecast suggests consistent light to moderate showers throughout the week, ensuring ongoing relief from heat and supporting monsoon conditions in the city.

    (with inputs from ANI)

  • Rain lashes several parts of Delhi; IMD predicts light rain for next seven days

    Source: Government of India

    Source: Government of India (4)

    Several parts of the national capital witnessed rainfall on Tuesday, offering much-needed relief from the recent spell of heat and contributing to the ongoing monsoon activity across the region.

    According to the India Meteorological Department (IMD), Delhi is likely to experience light to moderate rain accompanied by thunderstorms and lightning on July 22 and 23. The skies will remain generally cloudy during this period, the IMD said in a statement.

    The forecast indicates that light rain will continue through the week, with weather conditions expected to remain similar until July 28.

    Daytime temperatures are likely to fluctuate between 36°C and 23°C over the next seven days, maintaining a relatively cooler atmosphere compared to previous weeks.

    The IMD’s extended forecast suggests consistent light to moderate showers throughout the week, ensuring ongoing relief from heat and supporting monsoon conditions in the city.

    (with inputs from ANI)

  • South Korea’s Lee orders all-out effort to find missing after floods

    Source: Government of India

    Source: Government of India (4)

    South Korea’s President Lee Jae Myung told public officials on Tuesday to “spare no effort” in the search for missing people and on damage recovery after days of torrential rains left a trail of destruction in various parts of the country.

    The wet weather has now subsided, though media reports said heavy rainfall was drenching parts of North Korea.

    Some 19 people have died and nine were still missing in South Korea as of Tuesday morning, while 2,549 people remained displaced, the Ministry of the Interior and Safety said.

    Damage to property was extensive with some 3,776 facilities, including homes, shops and factories needing to be cleared of water, debris and earth, it said.

    Noting the limitations of existing methods in coping with last week’s rain, Lee ordered the prime minister and all related ministries to establish a comprehensive response system for natural disasters by region and type.

    Lee also told a cabinet meeting to “strictly crack down on mindless public officials who enjoy dancing and drinking at.. locations where people are dying.”

    The president’s approval rating fell to 62.2% from 64.6% previously according to pollster Realmeter, in a survey conducted last week during the torrential rains.

    Lee, who took office in June, has promised to make the country safer and to prevent any repeat of the disasters in recent years that have often been blamed on the inadequate response by authorities.

    (Reuters)

  • MIL-OSI Banking: Financial Inclusion Index for March 2025

    Source: Reserve Bank of India

    The Reserve Bank of India had constructed a composite Financial Inclusion Index (FI-Index) in consultation with the concerned stakeholders including the Government, to capture the extent of financial inclusion across the country, which was first published in August 2021 for the FY ending March 2021.

    Index for the year ending March 2025 has since been compiled. The value of FI-Index for March 2025 stands at 67.0 vis-à-vis 64.2 in March 2024, with growth witnessed across all sub-indices, viz., Access, Usage and Quality. Improvement in FI-Index in FY 2025 is contributed by Usage and Quality dimensions, reflecting deepening of financial inclusion, and sustained financial literacy initiatives.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/759

    MIL OSI Global Banks

  • GST at Eight Years: Report Highlights Growth in Revenue and growing Women’s Inclusion in Formal Economy

    Source: Government of India

    Source: Government of India (4)

    There are over 1.52 crore active Goods and Services Tax (GST) registrations and one-fifth of registered GST taxpayers in India now have at least one woman, and 14 per cent of registered taxpayers have all female members (on the basis of the constitution of business), an SBI report revealed on Tuesday.

    This representation is substantially high in limited liability partnership (LLP) and private limited companies and the vectors of increased formalization and momentum in corporate playbook augur well for equitable representation in the offing, according to the SBI’s Economic Research Department report.

    “This data, along-with 15 per cent share of women in overall income taxpayers and 40 per cent in overall deposits, mirrors women empowerment,” said Dr Soumya Kanti Ghosh, Group Chief Economic Advisor, SBI.

    In just five years (FY21-FY25), gross GST collection doubled and even average monthly gross GST collection is now Rs 2 lakh crore. Top five states account for 41 per cent of gross revenue and six states have crossed Rs 1 lakh crore mark, Dr Ghosh added.

    States having GST collection of more than Rs 1 lakh crore have Integrated Goods and Service Tax (IGST) share of more than 30 per cent in their total domestic collection, emphasising the contribution of larger states in pushing GST collection across other states.

    On July 1, the GST completed eight years since its rollout. Introduced in 2017 as a major step towards economic integration, GST replaced a maze of indirect taxes with a single, unified system.

    It made tax compliance easier, reduced costs for businesses, and allowed goods to move freely across states. By improving transparency and efficiency, GST helped lay the foundation for a stronger, more integrated economy.

    “Our results indicate that convergence pattern strengthens over time, peaking in FY25 across all quantiles. By FY25, convergence is strong across the spectrum, indicating a broad-based equalising effect of GST,” said Dr Ghosh.

    Surprisingly, some of the larger and richer states like Telangana, Tamil Nadu, Kerala, Andhra Pradesh and even Karnataka have low share in active GST taxpayers vis-a-vis the state’s share in overall GSDP (Gross State Domestic Product).

    “Interestingly, states like Uttar Pradesh, Bihar and Gujarat share in total GST taxpayers is larger than the state’s share in overall GSDP. This indicate that there is still a vast untapped potential in GST in these states,” the report mentioned.

    (IANS)

  • MIL-OSI Banking: Apple Retail arrives in Saudi Arabia with launch of Apple Store online

    Source: Apple

    Headline: Apple Retail arrives in Saudi Arabia with launch of Apple Store online

    July 21, 2025

    PRESS RELEASE

    Apple Retail arrives in the Kingdom of Saudi Arabia with launch of the Apple Store online

    RIYADH, SAUDI ARABIA Apple today announced the expansion of Apple Retail into the Kingdom of Saudi Arabia with the launch of the Apple Store online and Apple Store app, introducing support directly from Apple in Arabic for the very first time. The arrival of the online store marks a new era for customers in Saudi Arabia, who will be able to shop Apple’s full range of products with exceptional service delivered by Apple’s talented, dedicated team members.

    “We are thrilled to bring the Apple Store online and the Apple Store app to Saudi Arabia, offering customers a new way to explore and shop Apple’s extraordinary lineup of products and services,” said Deirdre O’Brien, Apple’s senior vice president of Retail and People. “Our customers in Saudi Arabia are passionate about the things they can do with technology, and our teams can’t wait to connect with customers and help them discover how Apple innovations can meaningfully enrich their daily lives.”

    The Most Personalized Shopping Experience

    The Apple Store online is the best place for customers in Saudi Arabia to discover and shop Apple’s full lineup of products. With the Apple Store app, customers can enjoy a personalized shopping experience with recommendations tailored to the Apple products they already own. Additionally, customers can compare different models, access their saved items, and easily track their orders.

    The Apple Store online and Apple Store app offer the most personalized experience for customers to shop iPhone. The iPhone 16 lineup is built from the ground up for Apple Intelligence, unlocking exciting new capabilities that make iPhone even more helpful and powerful, all while taking an extraordinary step forward for privacy.1

    Apple offers configure-to-order options for Mac customers, allowing them to select and customize the device to their specific requirements, including chip memory and storage. Customers can also personalize their Apple Watch case and band combination to create a unique look.

    For the first time ever, free engraving is available in Arabic and English on apple.com/sa-en/store. Customers can personalize their AirPods, Apple Pencil, AirTag, and more with text, emoji, and numbers in dual language.

    Apple’s Retail Services

    Apple’s incredible retail services make it easier than ever for customers in Saudi Arabia to discover and shop Apple technology.

    Personalized shopping support via chat and phone helps customers to find the best product that suits their needs. After receiving their order, customers can also connect with an Apple team member online to get help with Personal Setup, switching to iOS with easy and safe data migration, as well as cellular activation.

    To support flexible shopping, the Apple Store online will offer an affordability option through Tamara. With Buy Now Pay Later, customers can shop their favorite lineups and pay in four-month installments at 0 percent interest.

    The Apple Trade In program allows customers in Saudi Arabia to trade in their current device and receive credit toward a new one. If their device is not eligible for a credit, Apple will recycle it for free, diverting electronic waste from landfills and saving precious materials.

    With AppleCare+, customers can receive one-stop service and support from Apple experts available on iPhone, Mac, iPad, and Apple Watch. AppleCare+ provides customers with two years of priority support and service, priority access to experts, and protection for their devices.

    Through the Apple Education Store, higher education students, their parents, and teachers and staff at all levels can exclusively save on a Mac or iPad with Apple education pricing. And until September 30, eligible customers can take advantage of a special back-to-school offer that includes AirPods or an accessory of their choice when they buy an eligible Mac or iPad.

    Apple announced its plans to begin opening the first of several flagship Apple Store locations in Saudi Arabia starting in 2026. As part of this expansion, Apple is in the initial stages of planning an iconic retail store coming to Diriyah, a UNESCO World Heritage site. Apple’s retail expansion builds on its existing investments and activities in the country. This includes the region’s first Apple Developer Academy, which opened in Riyadh in 2021 in partnership with the Government of the Kingdom of Saudi Arabia, Tuwaiq Academy, and Princess Nourah bint Abdulrahman University.

    For all of the latest information and to learn more about Apple’s products and services, visit apple.com/sa-en/store.

    About Apple Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

    1. Apple Intelligence is available in beta on all iPhone 16 models, iPhone 15 Pro, iPhone 15 Pro Max, iPad mini (A17 Pro), and iPad and Mac models with M1 and later, with Siri and device language set to the same supported language, as part of an iOS 18, iPadOS 18, and macOS Sequoia software update. Supported languages include English, French, German, Italian, Japanese, Korean, Portuguese (Brazil), Chinese (simplified), and Spanish. More languages will be coming by the end of this year: Danish, Dutch, Norwegian, Portuguese (Portugal), Swedish, Turkish, Chinese (traditional), and Vietnamese. Some features may not be available in all languages or regions, and availability may vary due to local laws and regulations. For more details, visit apple.com/apple-intelligence.

    Press Contacts

    Pia Fontes

    Apple

    pia_fontes@apple.com

    Brian Bumbery

    Apple

    bumbery@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Global Banks

  • MIL-OSI Economics: Group CTO Tatsuo Ogawa: Beyond Reform—Technology Future Vision’s Progress and Direction for the Next Generation

    Source: Panasonic

    Headline: Group CTO Tatsuo Ogawa: Beyond Reform—Technology Future Vision’s Progress and Direction for the Next Generation

    The Panasonic Group is implementing extensive management reform, but which direction is technology pointing us in? What sort of future is taking shape before our eyes in this era of transformation? To explore the heart of the matter, we spoke with Tatsuo Ogawa, Executive Officer of Panasonic Holdings Corporation and Group CTO overseeing technology strategy.

    One year later: Three concepts and an unshakable commitment

    We unveiled our Technology Future Vision in July 2024. Since then we’ve received a remarkable amount of internal and external feedback. The support we’ve received, and the specific discussions relating to possible collaboration, have been very encouraging. We see many exciting challenges ahead as we work to realize the vision. The future it embodies remains the same, and we continue to create new technology and businesses as we map out our unique path and push forward.
    In particular, the three core concepts of energy and resources, nurturing a sense of fulfillment, and co-caring are vital guiding principles, as we integrate Panasonic technologies to achieve our overall goal of enhancing quality of life for everyone. We are pressing forward with research and development, so I would like to take this opportunity to update you on the progress we are making in multiple directions.

    1. Toward a society where energy and resources flow: Tackling the hard challenges of the global environment

    We are boldly tackling global environmental challenges through a wide range of R&D initiatives centered on the Green Transformation and Manufacturing Innovation Divisions.

    Perovskite solar cells

    These glass panels can generate energy where conventional solar panels cannot, for example as windows in dense urban areas. We already have a pilot manufacturing line producing near-commercial-size construction elements (1.0 m × 1.8 m). Our industrial inkjet printing system used to produce these panels is so advanced that it received the prestigious Okochi Memorial Technology Prize. Our goal is to integrate renewable energy generation into everyday urban infrastructure for better energy self-sufficiency and greater resilience in case of disasters.

    A Perovskite panel on display at Osaka’s Expo 2025 demonstrates the design potential this technology offers.

    Novitek Bio-CO₂ Transformation technology

    This biostimulant technology promotes plant growth by harnessing the power of photosynthesis, and represents an important step toward turning CO2 into a valuable resource. Field trials are underway in collaboration with Sumitomo Chemical Company, Limited, and Novitek is showing promise as a driver of sustainable agriculture with higher productivity and lower environmental impact.

    kinari (plant-derived cellulose fiber resin composite)

    Panasonic has developed moldable materials that are fully biodegradable in marine environments. It achieved this by taking its proprietary technology for blending high concentrations of plant-based cellulose fibers into resins and applying it to marine-biodegradable, plant-derived resins. In April 2025, Panasonic received the Ichimura Prize in Industry against Global Warming for this and related technologies.

    Tracephere traceability technology

    This technology uses the blockchain to make resource recycling and reuse transparent and trustworthy. It can bring us closer to realizing the circular economy by encouraging the use of recycled materials and preventing illegal dumping.

    Design for Circular Economy (DfCE)

    This initiative aims to drive the transition to a circular economy by designing products with ease of disassembly and recycling in mind. The effort is based on the MI Division’s perspective of maintaining and regenerating value in manufacturing, and will extend product lifespans and reduce waste.

    We also want to expand the positive impacts our activities are having on the environment in FY2025. Efforts in this direction are critically important, not only to halt but reverse biodiversity loss. To this end, we are investing resources in activities that directly support natural capital restoration. An example is our promotion of Nature Symbiosis Site research in areas where biodiversity is already being actively protected by companies, local government, NGOs, and others. These sites are part of Japan’s strategy to meet the global “30 by 30” goal of conserving at least 30% of land and sea by 2030. Another example would be conserving and regenerating blue carbon ecosystems by applying robotics and IoT technologies in collaboration with seaweed aquaculture startups. To ensure transparency and demonstrate our commitment to the environment, we are TCFD* disclosure-compliant and are working to meet TNFD** standards.
    * TCFD: Task Force on Climate-related Financial Disclosures. This organization promotes disclosure by enterprises and other entities of information relating to their climate change-related activities and policies, and how these relate to their financial posture.
    ** TNFD: Taskforce on Nature-related Financial Disclosures. An international organization founded to structure frameworks for corporate risk management relating to natural capital, and for related disclosure.

    2. Toward a society of fulfillment: Creating meaningful time

    We want our technology to help every member of society find fulfillment in their work and daily activities, and be able to have more meaningful, quality time. At the heart of this concept are initiatives from the Digital Transformation & Cyber-Physical Systems Division.

    With digital collection and analysis of data from frontline environments like manufacturing sites, and by providing optimized feedback, we are working to boost operational efficiency and quality and create safer, more secure working environments. We plan to evolve beyond straightforward Kaizen toward Gemba CPS 2.0, a next-generation approach where we reimagine business processes ourselves from the design stage.
    We are also developing systems that provide direct support to keep workers safe and enhance their productivity. One of these is Reliable/Safe Operation Support, which helps users prevent work-related accidents.

    3. Toward a society of co-caring: Caring for self and others

    The third concept is a society where a harmonious state of mind and body encourages co-caring relationships with the people around us. The key to realizing this society is technology that deepens Human Insight.

    Verification test environment for time value enhancement of travel experience

    Human Insight technology

    This uses advanced sensing to collect a wide range, not only of biometric data like heart rate, respiration, and physical movements, but also of behavioral data. It then applies AI to model the individual’s physical and mental condition and characteristics, and even aspects of interactions with others. Then, by stimulating the five senses through environmental parameters including light, sound, scent, and temperature sensations, it aims to guide the individual toward an enhanced state of well-being.

    We are developing technologies that use heart rate to identify different types of stress, score a subject’s degree of meditative depth and provide constructive feedback, apply measured levels of concentration to the improvement of work environments, and other applications. We are also exploring unique research topics. Biophilic Hi-Res Sound enhances relaxation through wide-band audio and can strengthen brainwaves associated with relaxation. Therapeutic Sound promotes mental and physical well-being using sound with inaudible components, and can reduce stress levels during cognitive tasks.
    These technologies are undergoing development and field testing in a range of settings and realistic use cases. The success of this work will enhance physical and mental well-being and help people realize more creative, fulfilling lives.

    Cell therapy solutions

    Regenerative medicine is a key area of focus. Treatments that utilize the patient’s own cells and iPS cells offer great promise. Nevertheless, cell manufacturing remains inefficient, labor-intensive, and costly. We are currently collaborating with partners including the Center for iPS Cell Research and Application (CiRA) at Kyoto University to develop an automated system that reliably produces high-quality therapeutic cells in a cost-effective way by combining Panasonic expertise in biotechnology, precision manufacturing equipment, data analysis, and simulation. We are confident we can help make individually-tailored treatments accessible to more people, and contribute materially to extending healthy life span and improving quality of life.

    Synergy between structural reform and technology development: Focusing on what truly matters

    Panasonic is implementing group-wide management reform, and the impact of these efforts naturally extends to our technology divisions. Budget cuts are part of our efforts to optimize our operations, but I don’t view this as a negative. Instead, I see it as a great opportunity to focus our resources on the initiatives that truly matter as we extend our technological development.
    Most important is to select the themes that are likely to have the greatest impact toward realizing our Future Technology Vision, and apply our limited resources to investments that will generate the greatest return.
    As we do so, open innovation-style collaboration with universities and enterprises will only become more important. To enhance the speed and quality of our development, we will actively incorporate external knowledge and technologies rather than attempt to go it alone.
    What matters most is that we foster a culture of embracing challenges. As our founder Konosuke Matsushita once said, “Don’t fear mistakes. Fear a lack of resolve.” The process of creating new value inevitably includes setbacks. What can we learn from them? How can we apply those lessons? I’m convinced that such experiences strengthen our entire technology organization.

    How will AI illuminate the future?

    AI is a critical enabling technology for current and future innovation. To reinforce our group commitment to AI, we have launched a new initiative called Panasonic Go. Its goal is to expand the share of AI-related businesses to 30% of group sales by FY2035. In my view, this transformation will mark our evolution into a new breed of enterprise, with seamless vertical and horizontal connections across multiple layers of the organization.

    While we are still defining specific business targets for FY2035, our goal is to leverage AI and data to connect value that is now provided through individual products and services. We will not simply embed AI in products, but apply it across R&D workflows to boost efficiency and boldly tackle the challenge of creating new value.
    As AI extends into every corner of society, security technology becomes more and more important. From individual product security to security for whole factories and complete IT systems, we are reinforcing our efforts to deliver safety and peace of mind to customers by combining cutting-edge AI with expertise accumulated over many years. We are already contributing to society in tangible ways, such as shielding manufacturing lines from malware, or structuring security systems for entire office buildings.

    Panasonic means hope to everyone invested in the future

    From my perspective as CTO, I’m continually giving thought to how Panasonic technologies can contribute to future society. I think the answer begins in our founding DNA, which embodies a deep-rooted desire to improve people’s lives through manufacturing.
    To those who will lead tomorrow’s society, especially young people shaping the future, and to our engineers at Panasonic, I would say this: Don’t do only what you can do, but keep asking yourself what you should do. No matter how challenging the circumstances, I hope you’ll never lose your optimism. My own motto is, “Good fortune comes to those who smile.” If you’re always optimistic and willing to tackle challenges, I’m confident that a path forward is certain to open up.
    For more than a century, Panasonic has been a part of people’s lives through technology. The trust and technological achievement we have accumulated throughout our history are precious assets. Nevertheless, we must keep our eyes on the future and continue to challenge ourselves to create new value.
    With the Future Technology Vision to guide us, we will achieve transformation as a united Panasonic Group, and do our utmost to deliver futures filled with promise.

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