Category: Asia

  • MIL-OSI Economics: Panasonic Energy Joins the Japan Climate Leaders’ Partnership

    Source: Panasonic

    Headline: Panasonic Energy Joins the Japan Climate Leaders’ Partnership

    Osaka, Japan – April 2, 2025 – Panasonic Energy Co., Ltd. (“Panasonic Energy”), a Panasonic Group Company, is pleased to announce that the company joined the Japan Climate Leaders’ Partnership (“JCLP”)1, a coalition of companies aiming to realize a sustainable, decarbonized society, as a supporting member on April 1, 2025.
    Since its establishment in 2022, Panasonic Energy has been committed to its mission of “Achieving a society in which the pursuit of happiness and a sustainable environment are harmonized free of conflict.” The Company aims to turn all of its sites into zero-CO2 factories2 by the fiscal year ending March 2029. It has been accelerating decarbonization efforts throughout the value chain in collaboration with its business partners. The JCLP’s philosophy and activity policy align with Panasonic Energy’s vision on sustainability. Panasonic Energy will deepen its knowledge through participating in JCLP activities, further promote decarbonization by leveraging the expertise gained, and contribute to the realization of a sustainable society.
    1: Japan Climate Leaders’ Partnership (JCLP)This is a unique coalition of Japanese companies established in 2009 based on the recognition that the industrial sector should have a healthy sense of crisis and begin to take proactive action to realize a sustainable, decarbonized society. It aims to encourage members to become companies that are needed by society by leading the transition to a decarbonized society.URL: https://japan-clp.jp/en
    2: Zero-CO2 factoriesFactories that have achieved virtually zero CO2 emissions by conserving energy, introducing renewable energy, and using credits, etc.

    MIL OSI Economics

  • MIL-OSI China: China rejects so-called US ‘Hong Kong Policy Act Report’

    Source: China State Council Information Office 2

    This aerial photo taken on Dec. 15, 2023 shows the Hong Kong-Zhuhai-Macao Bridge in south China. [Photo/Xinhua]
    A Chinese government spokesperson on Tuesday strongly opposed and sternly condemned the so-called U.S. “Hong Kong Policy Act Report,” and the so-called sanctions on relevant officials of the Chinese central government and the Hong Kong Special Administrative Region (SAR) government.
    The spokesperson for the Hong Kong and Macao Affairs Office of the State Council denounced the so-called report, which smears and vilifies Hong Kong’s national security legislation, and the so-called sanctions, as “mere pieces of waste paper.”
    The egregious act of the United States has grossly trampled on international law and basic norms governing international relations, interfered in China’s internal affairs including those related to Hong Kong, and infringed on the rule of law and judicial independence of Hong Kong, said the spokesperson.
    This once again exposed the hegemonic mentality and hysterical behavior of the United States to the whole world, the spokesperson added.
    The national security law in Hong Kong and the Safeguarding National Security Ordinance have strengthened the legal barrier for Hong Kong to ensure national security, enhanced the solid foundation for the steady and continued success of the “one country, two systems” policy, and protected the law-based rights and freedoms of Hong Kong residents under a safe environment, the spokesperson said.
    The United States has repeatedly violated freedom, democracy and human rights under the pretext of national security, the spokesperson said, adding that rather than reflecting upon itself, the United States points fingers at the legitimate actions of the Hong Kong SAR to safeguard national security.
    This lays bare the U.S. hypocrisy and double-standard as well as its vicious intention of destabilizing Hong Kong to contain China, said the spokesperson.
    The so-called report and sanctions by the U.S. can not shake the determination of the Chinese central government and the Hong Kong SAR government to safeguard national security and the rule of law in Hong Kong, stressed the spokesperson.
    Hong Kong’s increasingly secure and stable development environment continues to attract growing investment from global capital and businesses. A series of economic and financial events held in Hong Kong over the past week had gathered a number of top international investors, demonstrating the global community’s confidence in the city, the spokesperson said.
    The Chinese central government has always firmly supported the Hong Kong SAR in safeguarding national security and its prosperity and stability according to the law, the spokesperson said, stressing that it also resolutely supports relevant officials of the Hong Kong SAR government in fulfilling their duties according to the law, and spares no effort in protecting their legitimate rights and interests.
    Any attempt to block the progress of the cause of “one country, two systems” will be vigorously countered, said the spokesperson.

    MIL OSI China News

  • MIL-OSI China: Putin urges Russia, China to further strengthen strategic cooperation

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

    MOSCOW, April 1 — Russian President Vladimir Putin on Tuesday called on Russia and China to consistently enhance their strategic cooperation amid global turbulence.

    Putin made the remarks when meeting with visiting Chinese Foreign Minister Wang Yi in the Kremlin.

    During the meeting, Putin conveyed his sincere greetings to Chinese President Xi Jinping and expressed satisfaction over the effective implementation of the consensus reached between the two countries’ heads of state.

    He noted that Russia-China relations continue to develop at a high level, with practical cooperation deepening in various fields and the ongoing “Russia-China Year of Culture” generating enthusiastic public support, further solidifying the foundation of bilateral friendship.

    Marking the 80th anniversary of the Soviet Union’s victory in the Great Patriotic War this year, Putin extended an invitation for Chinese representatives to attend commemorative events in Russia.

    He emphasized the shared historical significance of celebrating victories over Nazi fascism and Japanese militarism, stating that Russia is fully making preparations for the occasion.

    He added that this milestone should propel Russia-China comprehensive strategic partnership to new heights and strengthen multilateral collaboration within frameworks such as the United Nations, Shanghai Cooperation Organization, and BRICS.

    Amid global turbulence, Putin stressed the need for both nations to consistently send a strong signal of enhanced strategic coordination to the world.

    Wang Yi, also a member of the Political Bureau of the Communist Party of China Central Committee, conveyed warm regards from Chinese President Xi Jinping to President Putin.

    He highlighted that under the strategic guidance of the two heads of state, China-Russia relations have matured into a resilient and stable partnership characterized by deepening political trust, closer strategic alignment, and sustained practical cooperation.

    This cooperation, he noted, has safeguarded both nations’ development and shared interests in major international and regional affairs.

    Wang said that China-Russia collaboration “never targets third parties” and remains impervious to external interference, emphasizing that the relationship will “keep broadening, not stagnate”, with a vision oriented to the long-term future.

    He recalled that over 80 years ago, the peoples of China and the Soviet Union fought tenaciously on the Asian and European fronts, sacrificing immensely to defeat Japanese militarism and Nazi fascism, thereby contributing decisively to global peace.

    Today, as pivotal stabilizing forces in a turbulent world, China and Russia must jointly uphold the outcomes of World War II, defend the post-war international order, and reinforce the United Nations’ central role in the global system.

    Both countries, he said, are committed to advancing multilateralism and democratizing international relations.

    He said that the two countries have aligned their plans to support each other’s 80th-anniversary commemorative events, expressing confidence that the leaders’ engagements this year will further promote bilateral ties.

    During his visit, Wang also held multiple rounds of talks with Russian Foreign Minister Sergei Lavrov to discuss bilateral and international issues.

    MIL OSI China News

  • MIL-OSI USA: Duckworth Secures Commitment from Chairman of the Joint Chiefs of Staff Nominee to Ensure Legally-Required Oversight and Accountability on Military Decisions in Wake of SignalGate

    US Senate News:

    Source: United States Senator for Illinois Tammy Duckworth

    April 01, 2025

    In her remarks, the Senator said: “The lives of servicemembers and the future of our national security depends on expert, qualified leaders who understand their decisions have real life-or-death consequences”

    [WASHINGTON, D.C.] – Today, combat Veteran and U.S. Senator Tammy Duckworth (D-IL)—a member of the U.S. Senate Armed Services Committee (SASC)—secured a commitment from President Trump’s nominee to serve as the Chairman of the Joint Chiefs of Staff, Lieutenant General Dan Caine, to ensure legally-required oversight and accountability of military decisions in light of SignalGate demonstrating Trump Administration officials’ deeply troubling pattern of using unclassified and unaccountable backchannels that jeopardize the safety of our servicemembers. A day after the White House declared SignalGate “case closed” and that no one on the Signal chain would lose their jobs for breaching our national security, Duckworth outlined how this Administration has been corruptly mishandling our nation’s secrets. Duckworth’s full remarks can be found on YouTube.

    “The Trump Administration has shown they are more interested in keeping secrets from the American people than protecting national security secrets for the American people,” said Duckworth. “The need for secrecy to enable mission success does not mean skirting accountability to the American people. It is unacceptable that Elon Musk received invitations for briefings on China, that senior Trump officials use disappearing Signal chats to make sensitive decisions and that Secretary Hegseth brought family members into classified meetings with allies and partners. Lieutenant General Caine needs to break this cycle and provide the legally required transparency to Congress and the American people over decisions related to the use of force—and I plan to hold him accountable to ensure he keeps his word that he will.”

    Duckworth has slammed the Trump Administration for purging qualified, top military leadership including then-Chairman of the Joint Chiefs of Staff Charles C.Q. Brown. Since he was first nominated, Duckworth has made it clear that Secretary of Defense Pete Hegseth is unqualified to lead our men and women in uniform. During Hegseth’s confirmation hearing, Duckworth demonstrated some of the areas where he lacks the experience or knowledge that any serious Defense Secretary nominee should have, grilling him on basic questions that he failed to answer. She asked him if he ever led an audit, and he would not confirm. She asked him to describe at least one of the main international security agreements a Secretary of Defense is responsible for leading, and he could not name any. She asked him to name at least one nation that is a part of ASEAN, an organization with several member states who have mutual defense treaties, alliances or enhanced defense cooperation agreements with the US, but none of the three countries he named are part of the organization.

    After The Atlantic reported that Hegseth sent classified war plans in a Signal group chat with other Trump Administration officials, putting the lives of our men and women in uniform at greater risk and undermining the effectiveness of the mission, Duckworth released a statement demanding his resignation and calling him a “f*cking liar.”

    Last week, Duckworth joined fellow SASC member Jacky Rosen (D-NV) and 14 other Senate colleagues in calling on the U.S. Senate Select Committee on Intelligence (SSCI), SASC and SFRC to hold hearings to investigate why members of President Trump’s national security team were recklessly discussing classified military operations on unsecured devices. In the letter, the Senators also criticized the incompetence and carelessness of how these Trump officials mishandled the situation and inadvertently added a journalist to the group chat. Additionally, Duckworth joined Senator Tim Kaine (D-VA) and 12 of her colleagues in demanding answers from President Trump about what disciplinary action will be taken in response to SignalGate and emphasized that the Administration is in direct violation of the Presidential Records Act.

    -30-



    MIL OSI USA News

  • MIL-OSI USA: Duckworth, Blumenthal, Kelly, Hirono Call Out White House for Refusing to Hold Trump’s SignalGate Leakers Accountable for Putting American Servicemembers’ Lives at Risk

    US Senate News:

    Source: United States Senator for Illinois Tammy Duckworth

    April 01, 2025

    [WASHINGTON, D.C.] – Today, combat Veteran and U.S. Senator Tammy Duckworth (D-IL)—a member of the U.S. Senate Armed Services Committee (SASC), U.S. Senate Veterans’ Affairs Committee (SVAC) and U.S. Senate Foreign Relations Committee (SFRC)—along with SVAC Ranking Member Richard Blumenthal (D-CT), U.S. Senator Mark Kelly (D-AZ) and U.S. Senator Mazie Hirono (D-HI) called out the White House for declaring SignalGate—the most devastating and significant national security breach in years—“case-closed” without holding any senior Administration officials responsible for leaking classified information through an unclassified communications channel, putting the lives of our servicemembers at greater risk. In her remarks, Duckworth called on Republicans to join her in demanding congressional hearings and an independent investigation to look into the Trump officials on the Signal chat—urging her colleagues on the other side of the aisle to remember that they serve the people of this country, not Donald Trump’s ego. Full video of the presser is available on Twitter/X, Facebook and Senator Duckworth’s YouTube.

    “It is outrageous that Donald Trump is trying to sweep SignalGate under the rug—declaring this egregious national security breach ‘case closed’ with absolutely no repercussions for anyone involved—after Pete Hegseth and others in the Administration put our troops—and our national security—at even greater risk,” said Senator Duckworth. “If Republicans actually care about our troops like they proclaim, they must do the bare minimum and join me in demanding an independent investigation as well as hearings looking into every official who was on that Signal chat—and Trump must fire Hegseth immediately for leaking classified information. With each second Hegseth remains Secretary of Defense, his incompetence emboldens our adversaries, weakens our national security and makes Americans less safe.”

    “The Trump Administration’s reckless Signal chat security breach is appalling and chillingly dangerous to our military men and women,” said Senator Blumenthal. “This shocking and dangerous failure to maintain operational security at the highest levels of leadership demands accountability. While the White House is turning a blind eye to the Trump Cabinet’s carelessness with classified information—claiming it’s “case closed”—many questions remain and the American people deserve answers. Our Republican colleagues need to step up and face up to this breakdown in security that put our pilots at unacceptable higher risk. Until then, I will continue to call for a comprehensive criminal investigation into how this security breach occurred and demand that Secretary Hegseth and Waltz resign.”

    “As someone who has planned and executed strikes off an aircraft carrier, I know there is no more sensitive information than the time on target for aircraft conducting a military strike over hostile territory,” said Senator Kelly. “The lack of accountability from those in this chat—and from the White House—isn’t just reprehensible, it’s dangerous. The American people deserve answers, and our servicemembers deserve leadership that protects them, not politics that puts them in harm’s way.” 

    “The Signal chat security breach reaffirms what we have known all along—that Trump’s national security officials are fundamentally unfit to serve,” said Senator Hirono. “Sharing attack plans, timing, and targets on devices that may well be compromised by adversaries endangered the lives of our servicemembers. Despite jeopardizing our national security, no one involved in this debacle has offered any assurance that this will not happen again or taken accountability for their actions. That is unacceptable. Democrats will continue working to understand exactly how this grave security breach happened and hold those responsible for this fiasco accountable.”

    Since he was first nominated, Duckworth has made it clear that Secretary of Defense Pete Hegseth is unqualified to lead our men and women in uniform. During Hegseth’s confirmation hearing, Duckworth demonstrated some of the areas where he lacks the experience or knowledge that any serious Defense Secretary nominee should have, grilling him on basic questions that he failed to answer. She asked him if he ever led an audit, and he would not confirm. She asked him to describe at least one of the main international security agreements a Secretary of Defense is responsible for leading, and he could not name any. She asked him to name at least one nation that is a part of ASEAN, an organization with several member states that have mutual defense treaties, alliances or enhanced defense cooperation agreements with the US, but none of the three countries he named are part of the organization.

    After The Atlantic reported that Hegseth sent classified war plans in a Signal group chat with other Trump Administration officials, putting the lives of our men and women in uniform at greater risk and undermining the effectiveness of the mission, Duckworth released a statement demanding his resignation and calling him a “f*cking liar.”

    Last week, Duckworth joined fellow SASC member Jacky Rosen (D-NV) and 14 other Senate colleagues in calling on the U.S. Senate Select Committee on Intelligence (SSCI), SASC and SFRC to hold hearings to investigate why members of President Trump’s national security team were recklessly discussing classified military operations on unsecured devices. In the letter, the Senators also criticized the incompetence and carelessness of how these Trump officials mishandled the situation and inadvertently added a journalist to the group chat. Additionally, Duckworth joined Senator Tim Kaine (D-VA) and 12 of her colleagues in demanding answers from President Trump about what disciplinary action will be taken in response to SignalGate and emphasized that the Administration is in direct violation of the Presidential Records Act.

    -30-

    MIL OSI USA News

  • MIL-OSI New Zealand: Myanmar – One third of population in Myanmar requires humanitarian support, following devastating earthquake which has left thousands dead – World Vision

     Source: World Vision

     

    • More than 3.5 million people are internally displaced following the earthquake and ongoing internal conflict  
    • Children and families are struggling to survive, and are without shelter, food, or medical care, while enduring immense physical and emotional trauma, putting them at risk of abuse 
    • One third of the population requires urgent humanitarian aid as a lack of food, clean water and sanitation pose serious health issues in the coming weeks 
       

    Global humanitarian organisation, World Vision, is warning that children left homeless and separated from family following the recent earthquake in Myanmar are at increased risk of abuse and exploitation. 

     

    Last Saturday, central Myanmar was rocked by a massive 7.7 magnitude earthquake, which shook buildings as far away as Thailand, Laos, Bangladesh, China and Vietnam. The reported death toll is currently in the thousands.  

     

    In the hardest-hit areas of Mandalay, Sagaing, Nay Pyi Taw, and parts of southern Shan State, many people are sleeping outdoors and fearing aftershocks and further building collapses. Thousands have been left homeless, while also struggling to access clean water, sanitation, and essential services.  

     

    The earthquake has worsened an already severe humanitarian crisis in Myanmar where nearly half the population were living in poverty and more than 3.5 million people were internally displaced. 

     

    Grant Bayldon, National Director of World Vision New Zealand, says the earthquake is a devastating blow for struggling children and families in Myanmar. 

     

    This is a crisis on top of a crisis. Prior to this earthquake children and communities in Myanmar were already suffering greatly. After the quake, their suffering is immense. They are in desperate need of humanitarian assistance – not only to support them with their immediate needs, but to ensure that they have the capacity and capability to rebuild following the devastation this quake has delivered.” 

     

    World Vision Myanmar’s National Director Dr Kyi Minn says as always children are the most at risk when disaster strikes.  

     

    “Children in disaster-stricken areas are among the most vulnerable. In Myanmar, these children were already exposed to numerous hardships. Now, many are homeless, and some have been separated from their families, putting them at greater risk of abuse.” 

     

    Dr Minn says right now emergency response efforts are focused on addressing the urgent needs of affected communities, but child protection must also be a top priority. 

     

    “Conflict, natural disasters and other emergencies expose children to increased risk of violence, exploitation, abuse and neglect. Sadly, there are some people who will prey on this increased vulnerability and take advantage of children at a time when they most need support and protection.  

     

    “Children are in danger of potential injury and even death. Girls are particularly at risk as the threat of gender-based violence increases. As a child-focused organisation, the safety and protection of children is World Vision’s main priority and will be central in our response to this emergency.” 

     

    World Vision has launched a rapid assessment of the hardest-hit areas in the Mandalay region and has begun distributing essential aid, including food, clean water, and temporary shelters.  

    The organisation is also working to provide healthcare, sanitation, and mental health support for affected children and their families. 

     

    “It is critical that children return to a sense of normalcy as soon as possible. They need safe homes, access to education, and protection from the risks of child labour, early marriage, and other forms of abuse and exploitation. We must act urgently to ensure that children are safe and have the opportunity to rebuild their lives, so they can enjoy the bright futures they deserve,” says Dr Minn. 

     

    World Vision aims to support 500,000 people, including 200,000 children, with a $5 million dollar response in the most affected areas and is urging the international community to mobilise resources for both immediate relief and long-term recovery efforts. 

     

    Bayldon says more funding is crucial if we are to ensure that all vulnerable children and families are supported for a sustainable recovery. 

     

    To donate to the appeal, visit worldvision.org.nz/myanmar-give

     

    About World Vision  

    World Vision is a Christian humanitarian organisation dedicated to working with children, families and their communities to reach their full potential by tackling the root causes of poverty and injustice.  World Vision serves all people, regardless of religion, race, ethnicity or gender.  For more information, please visit www.wvi.org 

    MIL OSI New Zealand News

  • MIL-OSI: CLIK Announces Pricing of $8.28 Million Public Offering of Ordinary Shares

    Source: GlobeNewswire (MIL-OSI)

    Hong Kong, April 01, 2025 (GLOBE NEWSWIRE) — Click Holdings Limited (NASDAQ: CLIK) (“Click” or the “Company”), a provider of human resources (“HR”) solutions in Hong Kong specializing in Seniors Nursing Care, Logistics, and Professional HR services, today announced the pricing of its public offering of 13,800,000 ordinary shares at a public offering price of $0.6 per ordinary share.

    Gross proceeds, before deducting placement agent fees and other offering expenses, are expected to be approximately $8.28 million. The offering is expected to close on April 2, 2025, subject to customary closing conditions.

    Pacific Century Securities LLC and Revere Securities LLC acted as co-placement agents in connection with this offering.

    The securities described above were offered pursuant to a registration statement on Form F-1, as amended (File No. 333-285922) (the “Registration Statement”), which was declared effective by the Securities and Exchange Commission (the “SEC”) on March 31, 2025. The offering was being made only by means of a prospectus which is a part of the Registration Statement. A final prospectus relating to the offering will be filed with the SEC. Copies may be obtained from Pacific Century Securities LLC, 60-20 Woodside Avenue Ste 211Queens, NY 11377 (+1)212-970-8868 and from Revere Securities LLC, 560 Lexington Ave 16th floor, New York, NY 10022, at +1 (212) 688-2350.

    This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

    About Click Holdings Limited

    Click Holdings Limited is a holding company incorporated in the British Virgin Islands, and all of its operations are carried out by its operating subsidiaries in Hong Kong, JFY Corporate Services Company Limited and Click Services Limited. The Company is a human resources solutions provider, specializing in offering comprehensive human resources solutions in three principal sectors, namely (i) professional solution services, (ii) nursing solution services, and (iii) logistics and other solution services. The Company provides services to a broad range of customers including Certified Public Accountant firms, charitable organizations, non-governmental organizations, small and medium-sized businesses and Hong Kong listed companies.

    Safe Harbor Statement

    This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to satisfy the closing conditions related to the offering, our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

    Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

    For enquiry, please contact:

    Click Holdings Limited
    Unit 709, 7/F., Ocean Centre
    5 Canton Road
    Tsim Sha Tsui, Kowloon
    Hong Kong
    Email: jack.wong@jfy.hk
    Phone: +852 2691 8900

    The MIL Network

  • MIL-OSI USA: ADVISORY: Governor Newsom to announce major skills-based hiring and education effort

    Source: US State of California Governor

    Apr 1, 2025

    STANISLAUS COUNTY — In the Central Valley, Governor Gavin Newsom will make an announcement regarding career advancement opportunities for Californians seeking good-paying jobs and fulfilling careers, with and without four-year college degrees.

    WHEN: Wednesday, April 2 at approximately 11 a.m.

    LIVESTREAM: Governor’s Twitter page, Governor’s Facebook page, and the Governor’s YouTube page. This event will also be available to TV stations on the LiveU Matrix under “California Governor.”

    **NOTE: This in-person press event will be open to credentialed media only. Media interested in attending must RSVP by clicking here no later than 9 a.m., April 2. Location information will be provided upon confirmation.

    Recent news

    News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring March 31, 2025, as César Chávez Day.The text of the proclamation and a copy can be found below: PROCLAMATIONThroughout his life of work and service, César Chávez empowered…

    News SACRAMENTO — Today, Governor Gavin Newsom and First Partner Jennifer Siebel Newsom announced the official launch of efforts to celebrate California’s 175th year of statehood. Today’s announcement initiates an effort to commemorate the rich and full history of the…

    News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring March 30, 2025, as Welcome Home Vietnam Veterans Day. The text of the proclamation and a copy can be found below: PROCLAMATIONIt has been over a half century since the last…

    MIL OSI USA News

  • MIL-OSI USA: Murray Joins Senator Booker on Senate Floor to Slam Trump for Firing VA Workers, Cutting Benefits for Veterans

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    ***VIDEO HERE***

    Washington, D.C. — Today, Senator Patty Murray (D-WA), Senate Appropriations Committee Vice Chair, and a senior member and former Chair of the Senate Veterans Affairs Committee, took to the Senate floor to join Senator Cory Booker (D-NJ) as he holds the Senate floor in a marathon speech that has lasted 20 hours and counting. Murray spoke on the Senate floor with Booker about supporting our nation’s veterans as the Trump administration has made clear in recent weeks that they intend to pursue massive layoffs that will severely undercut the Department of Veterans Affairs and risk veterans’ benefits and care.

    Senator Murray’s remarks, as delivered on the Senate floor today, are below and HERE:

    “Will the Senator yield for a question?

    “Well, I thank the Senator from New Jersey. Thank you for your kind words. And I would just say the country is so grateful for what you are doing right now because so many people are so frightened, worried, scared, and angry about what is happening to the basic values of this country that so many people have just thought would be there.

    “That their kids would be able to go to school and get an education and not have to worry that the Department of Education was going to be gone, and there wasn’t a watchdog anymore, somebody to help them.

    “Or that the research at NIH was going to be dismantled – perhaps they had a family member who was in the middle of some kind of scientific experiment that is now being dismantled.

    “What happens to their hope?

    “I hear from people on so many topics, seniors who are waiting on hold for hours and then getting hung up on because there’s nobody to answer the phone anymore.

    “These are basic values that we have as a country, that we care for other human beings, and we’re there as a country for them.

    “And you are showing that fight today and inspiring so many people, and I will ask you a question in a minute, but I want to personally thank you for what you are doing today, it is so important. You are the voice of so many people today and I so appreciate it.

    “Now I want to change the dynamic a little bit. I wanted to come today, you have talked about the impact on so many areas in our country, but I wanted to come and ask about something really personal to me, and that is the impact on our veterans today.

    “The Senator may not know this, but when I came to the Senate many years ago, I asked to be on the Veterans’ Affairs Committee. I was the first woman ever to ask to be on the Veterans’ Committee.

    “And the reason for me was very personal, as you may know my dad was a World War II veteran and my family relied on his VA care when he was diagnosed with Multiple Sclerosis.

    “But I also, when I was in college during the Vietnam War, many of my friends and colleagues were on the streets demonstrating and you know my heart was out to them. But I was thinking about those men and women, my age, who were going over to Vietnam and coming back injured in many different ways.

    “So I actually did my college internship, I asked to be at the Seattle VA. And I went to the Seattle VA during the Vietnam War and served on what was the psychiatric ward at the time, and I sat and worked with young men and women who were my age, in college age, who had been sent there and came back with severe mental health impacts. Now, today we call that PTSD, but at the time we didn’t know it. And I was looking at these men and women who volunteered to go over, or sometimes their number came up at the time, and came home and were going to be impacted the rest of their lives.

    “And I learned firsthand what it means when somebody says, ‘I will go for my country to fight for all of you, so that you have that America that you’ve been talking about here for you when you get home.’

    “And our promise to each and every one of them was, if you serve your country in the military, we will take care of you when you get home. That is a promise I hold near and dear to my heart, which is why I asked to be on the Veterans’ Committee when I first came here, first woman ever.

    “And I will tell you I’ve seen the impact time and time again. I go home and I hold town halls when I was newly here, and there’d be a lot of veterans who’d come and talk to me and tell me what’s going on, what needed to be fixed.

    “But always at that time, I will share with my colleagues, women never said anything. There were a few always in the back of the room, and it wasn’t until the regular meeting was over and they’d come up quietly to me and say, ‘I need to tell you what’s happening to women veterans. I need to share with you sexual assault. I need to share with you that there’s not the facilities. I go to VA and it’s a men’s only kind of place, there’s no OBGYNs, there’s nobody to do mammographies, and I often don’t feel comfortable sitting in that waiting room, with a whole lot of people, after I have had the experiences that I’ve had, and there’s no place for women to go.’

    “So, we’ve worked really hard to make sure VA works for women. We’ve worked really hard to make sure VA addresses the issues of today.

    “The PACT Act that we worked so hard to make sure that men and women who were victims of toxic exposure overseas got the services they need.

    “I could speak for two hours here about all the things we’ve done.

    “But then I see what this administration is doing to those men and women who we asked as a country to serve overseas or here at home, in service of all of us and the promises we’ve made them. And I think, what are they doing? They’re undermining the very value that all of us have given to Americans who serve above and beyond.

    “So, when I hear of 2,000 layoffs a few weeks ago. I go, wow, where’s that coming from? Well, I know, because I’m getting the phone calls, like I’m sure you are, from a VA researcher who has been taken off the job, fired, unexplained, told he wasn’t doing a good enough job, somehow. Doing research on basic things like prosthetics, or doing basic research on PTSD, or doing basic research on the kinds of things that our men and women who serve overseas are subjected to and need to come home and have the specialized service and resources that they need. Or I hear from veterans who can’t get the services that they’ve then asked for.

    “So now, when we are hearing this administration is about to cut 80,000, you didn’t hear me wrong, 80,000 more people from VA, a vast majority themselves are veterans.

    “I wanted to ask the Senator, how does that hit you? How do you feel about that?

    “Will the Senator yield for an additional question?

    “The Senator is right, and so many veterans are afraid right now.

    “And I had a veteran tell me that he was one of those people that got the letter, ‘you haven’t performed well.’ He worked for the National Park Service, actually, and he said, ‘I’ve been saving lives. I’ve been cleaning trails. I’ve been making sure that the National Parks are safe for all of you.’

    “And then he said to me, ‘I’m a veteran. I served in the war, and I served my country there because I wanted to serve my country and my fellow Americans, and I came home and worked for the National Park Service to do the same. And now as a veteran my country is not there for me.’

    “And I would just say to my colleague and to everyone who’s listening, do these men and women that we make a promise to, that we say we will be there for you when you come home. That does not mean slamming a door in your face. It doesn’t mean that you have to wait for hours to get the services that you earned. It doesn’t mean that you will be mistreated.

    “It means that we will honor you, and I would thank the Senator for his response, and just say to him again, do you think we’re treating men and women in this country, us great Americans, by the actions that are being taken by this administration?”

    MIL OSI USA News

  • MIL-OSI Economics: AI innovation requires AI security: Hear what’s new at Microsoft Secure April 9 digital event

    Source: Microsoft

    Headline: AI innovation requires AI security: Hear what’s new at Microsoft Secure April 9 digital event

    When you’re secure—innovation happens. But, the fast pace of AI often outpaces traditional security measures, leaving gaps that bad actors can take advantage of. As a security professional, you’re the hero in this battle between protecting vast amounts of data while ensuring AI systems remain transparent and compliant. What you need in this time of new threats and complexity in securing interconnected AI applications is a proactive, innovative approach to stay ahead. 

    That’s why we’re excited to invite you to Microsoft Secure on April 9, a one-hour online event designed specifically for professionals like you. At Microsoft Secure, discover AI innovations for the security lifecycle designed to give you smarter, faster, stronger security.  

    At Microsoft Secure, you’ll get a first look into AI-first tools coming soon to help you in your day-to-day work. Plus, we’ll share how you can maximize what you’ve got in your hands right now.   

    In 60 minutes, you’ll learn how you can: 

    • Harden your defenses: Learn how to secure your data used by AI, AI apps, and AI cloud workloads. Discover the latest tools and techniques to fortify your defenses against evolving threats. 
    • Secure your AI investments: Use data security, protection against AI-specific cyberthreats, and compliance tools to secure your AI investments. Our experts will share best practices and strategies to safeguard your AI initiatives, ensuring they remain resilient against emerging threats. 
    • Discover AI-first tools and best practices: Hear about new AI-first tools, demos, and best practices across your favorite Microsoft Security solutions. These sessions will provide you with practical insights and hands-on experiences to strengthen your security posture and leverage AI-driven solutions effectively.  
    • Keep up with what’s happening in security: Get the latest reports on security trends and platform innovations directly from Microsoft Security leaders. This is your chance to gain insights that can help you stay ahead of emerging threats. 

    Led by security experts, Microsoft Secure is your chance to find out how to use solutions that can help you operate efficiently, stay compliant, and be more secure. 

    • Hear from organizations like yours: Explore compelling customer stories that showcase how end-to-end security can boost, not burden, your teams. These real-world examples will highlight the benefits of comprehensive security solutions and demonstrate how they can enhance productivity and efficiency without compromising on safety. 
    • Engage with Microsoft Security experts: Engage with Microsoft Security experts through live Q&A sessions. This interactive format will allow you to connect directly with our experts, ask questions, and gain valuable insights tailored to your specific needs. 

     

    Microsoft Secure is more than just an event; it’s a community of like-minded professionals dedicated to moving the field of cybersecurity forward. Join us to get valuable insights, discover innovative solutions, and connect with industry leaders and peers who share your passion for security. Don’t miss this opportunity to elevate your security game and make a real impact in your organization. 

    Join us on April 9, 2025! Register now and pick the broadcast that works for your time zone. 

      

    Microsoft Secure 

    Wednesday, April 9, 2025 

    8:00 AM-9:00 AM Pacific Time (UTC-7) 

     

    Thursday, April 10, 2025  

    10:00 AM – 11:00 AM Central European Time (GMT+1) 

     

    Thursday, April 10, 2025  

    12:00 PM – 1:00 PM Singapore Time (GMT+8) 

    MIL OSI Economics

  • MIL-OSI China: 8 survivors saved so far by Chinese rescuers in Myanmar

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

    MANDALAY, Myanmar, April 1 — Chinese rescue teams are continuing to work in the hard-hit Mandalay in central Myanmar following the 7.9-magnitude temblor last week, and have so far saved eight survivors as of 08:00 local time on Tuesday in the country.

    The China Search and Rescue Team saved four survivors, the Yunnan Rescue Medical Team rescued one survivor, and other civil emergency forces rescued three and assisted the China Search and Rescue Team.

    To coordinate the Chinese rescue teams in Mandalay, a rescue work mechanism was established to enhance information sharing and joint logistics to ensure the quality and effectiveness of their rescue work.

    Currently, the weather in Mandalay is hot, with the highest daytime temperature topping 40 degrees Celsius, and there are many mosquitoes at the work sites.

    Meanwhile, experts from the Chinese Search and Rescue Team have completed the safety assessment of the damage to the four office buildings of the Chinese Consulate General in Mandalay, and offered proposals on emergency disposal.

    MIL OSI China News

  • MIL-OSI Security: Arizona Man Sentenced to 20 Years for Methamphetamine Trafficking in Southwest Missouri

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    Springfield, Mo. – A Phoenix, Ariz. man was sentenced in federal court today for his role in a conspiracy to distribute large quantities of methamphetamine in southwest Missouri.

    Joseph A. Gilbert, 42, was sentenced by U.S. District Judge M. Douglas Harpool to 240 months in federal prison without parole. The Court also ordered Gilbert to forfeit to the government $616,756 which represents the proceeds of Gilbert’s drug trafficking.

    On Nov. 19, 2024, Gilbert pleaded guilty to one count of conspiracy to distribute methamphetamine.

    Gilbert admitted that he participated in a conspiracy to distribute methamphetamine in Barry, Stone, Polk, Lawrence, Green, Jasper, and Newton Counties from Nov. 1, 2020, to April 28, 2022. According to court documents, Gilbert served as a source of methamphetamine supply for the drug trafficking organization. During the conspiracy Gilbert distributed more than 220 pounds of methamphetamine from Arizona into southwest Missouri.

    On April 23, 2022, MSHP attempted a traffic stop of a red Chevrolet Captiva Gilbert was driving on eastbound Interstate 44. Gilbert fled from the scene and led law enforcement on high-speed pursuit on the interstate to southbound Missouri Hwy 43 near Seneca, Mo. During the pursuit, Gilbert failed to stop at red lights, overtook traffic at speeds of up to 100 miles per hour, and swerved into oncoming traffic to avoid a tire deflation device. Later that day, Gilbert was located in Ottawa County, Okla. in possession of methamphetamine and approximately 100 M-30 pills (containing fentanyl).

    Gilbert is among 18 defendants in this case who have pleaded guilty. Gilbert is the seventh defendant to be sentenced.

    This case is being prosecuted by Assistant U.S. Attorney Jessica R. Eatmon. It was investigated by the Missouri State Highway Patrol, the Drug Enforcement Administration, the Bureau of Alcohol, Tobacco, Firearms and Explosives, the FBI, the Bureau of Indian Affairs, the Ozarks Drug Enforcement Team, the Barry County, Mo., Sheriff’s Office, the Stone County, Mo., Sheriff’s Office, COMET (the Combined Ozark Multi-Jurisdictional Enforcement Team), the Oklahoma Highway Patrol, the Greene County, Mo., Sheriff’s Office, the Polk County, Mo., Sheriff’s Office, the Ottawa County, Ok., Sheriff’s Department, the Bolivar, Mo., Police Department, the Cassville, Mo., Police Department, the Kimberling City, Mo., Police Department, the Springfield, Mo., Police Department, and the U.S. Marshals Service.

    Organized Crime and Drug Enforcement Task Force

    This case is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) operation. OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

    MIL Security OSI

  • MIL-OSI Submissions: Myanmar: Inhumane military attacks in earthquake areas hindering relief efforts – Amnesty International

    Source: Amnesty International

    Myanmar’s military must refrain from deliberate air strikes and other forms of attack on civilian targets in areas impacted by last week’s 7.7-magnitude earthquake, Amnesty International said today as it called for aid to more quickly reach people in the epicentre of the disaster.

    Testimony gathered by Amnesty International in the days following the earthquake corroborates reports that the military has continued its campaign of deadly air strikes, adding to the strain of recovery efforts and the fear and anxiety of survivors.

    “Myanmar’s military, along with all other actors involved in earthquake relief efforts, must ensure that human rights principles are fully respected and that the humanitarian needs of survivors are the top priority,” Amnesty International’s Myanmar Researcher Joe Freeman said.

    “You cannot ask for aid with one hand and bomb with the other. Carrying out air strikes and attacking civilians in the same region where the earthquake struck is inhumane and shows a blatant disregard for human rights.” 

    At least 2,065 people have been killed and more than 3,900 injured as a result of the earthquake, according to military-controlled media in Myanmar. The rapid spike in figures from day to day as well as communication challenges have prompted fears of a much larger toll.

    The earthquake epicentre is in Sagaing, a sprawling region in central Myanmar. Significant damage is also being reported in Mandalay, Myanmar’s second-biggest city, the capital Naypyitaw and parts of Shan State and Bago Region.

    The air strikes, which have become a daily fact of life in Myanmar since the 2021 coup, have now hit areas near the focus of earthquake recovery efforts, and in other conflict zones such as Karen and Karenni States.

    The sound is ‘like a chainsaw’

    Since the coup, the military has fought fierce battles with armed resistance groups in Sagaing and in central Myanmar generally, carrying out unlawful air strikes, extrajudicial executions and large-scale burning of homes. In some instances, groups fighting against the military have also been accused of abuses.

    Amnesty International spoke to a Myanmar nurse in Nwe Khwe village, which is in Sagaing Region’s Chaung-U township, and a local rescue worker in the same township.

    The rescue worker described taking cover from attacks after the earthquake, which included several on Tuesday morning (1 April) and one on the day of the earthquake. These were carried out with manned motorized paragliders, referred to locally as “paramotor attacks,” a new tactic of the Myanmar military in central Myanmar that requires fewer resources like jet fuel.

    “I was in an underground shelter. [During attacks] I can hear the sound of the engine crossing over my village. The paramotor attack noise is like a chainsaw,” the rescue worker said. “It becomes like our daily life, surviving the air strikes. I don’t know why it doesn’t stop yet.”

    The nurse, who is affiliated with the Civil Disobedience Movement which opposes the military through protests and boycotts, also said a paramotor attack occurred in the evening after the earthquake, as well as one on 31 March. There were no fatalities from the paramotor attacks this time, largely because of established early warning systems.

    “I am not mentally well, everybody in the village is frightened because of the attacks and the earthquake,” she said.

    The opposition National Unity Government, which oversees armed People’s Defense Forces created in the aftermath of the 2021 coup to fight the military, announced a two-week suspension of hostilities starting on 30 March. On 1 April a separate but aligned armed faction, the Three Brotherhood Alliance, announced a one-month humanitarian pause except in the case of defensive actions.

    ‘The situation is like Covid-19’

    Contrary to previous natural disaster responses that Amnesty has documented, Myanmar’s military has issued a rare appeal for international aid, and Amnesty has received information that aid is getting through to some affected areas. But the picture is mixed, complicated by internet outages and reports of deliveries being blocked or held up.

    In Sagaing town, the capital of the Sagaing Region, Amnesty spoke to three residents. It also reviewed a report on recovery efforts from a coordinating group drawn from Myanmar civil society, which said that in Sagaing town there are rising needs for body bags and quicklime powder, torches, medical supplies and mosquito repellant coils.

    It also said that the military, which largely controls the town, was imposing “strict surveillance” for light vehicles en route to Sagaing from Mandalay. Soldiers are inspecting deliveries, and checks can take longer if they come from other areas in Sagaing that have more connections to resistance groups.

    The residents said most of the town had been damaged and that people do not have regular access to drinking water, food, shelter, medicine, adequate medical treatment or electricity, with some using small solar panels. They said people are sleeping on streets, using mats, tarpaulin and mosquito nets.

    “The Myanmar Red Cross is here, and local civil societies based in Sagaing are active and they are functioning. But I don’t see international groups coming into town,” one resident said on 31 March. “They cannot buy food and drinking water because there is no supplier in the town.”

    Another town resident who was helping deliver aid locally said people need dry rations such as canned food and packaged noodles, and that local groups were using their own equipment to carry out search and rescue work.

    International agencies had reportedly been granted access to deliver aid to Sagaing, but no one Amnesty spoke to at the time had seen them in the town as of 31 March.

    A pregnant woman described scenes of horror in the local hospital after the earthquake.

    “The situation in the hospital [Sagaing General Hospital] was just like Covid-19, there are tons of dead bodies in the hospital, without knowing who they are and who they belong to. The hospital just put them in the crematorium.”

    The woman said she was told she needs a c-section but that it needs to be done in Mandalay, which she can’t reach. As of 31 March, she was staying out in the open area of the hospital compound.

    “Human rights are most in jeopardy in situations of crisis and emergency. The Myanmar military and other parties to the conflict must address the immediate and essential needs of all affected communities and ensure that rescue and relief efforts are carried out without discrimination,” Joe Freeman said.

    “Priority in the provision of international aid – such as safe and potable water, food and medical supplies – and financial aid should be given to the most vulnerable or marginalized groups of the population.”

    MIL OSI – Submitted News

  • MIL-OSI New Zealand: Tech and Business – HCLSoftware Names Tech Data as New Distributor in Australia, New Zealand, Singapore and Indonesia

    Source: HCLSoftware
     
    SINGAPORE – HCLSoftware, a leading global provider of software solutions, announced today the appointment of Tech Data as its new distributor for Australia, New Zealand, Singapore and Indonesia. Effective April 1, Tech Data will distribute HCLSoftware’s comprehensive suite of products, including solutions for digital workplace transformation, enterprise security, and AI-driven innovation, to channel partners and customers

    Tech Data’s established presence in Asia Pacific market made it the ideal strategic partner to accelerate the adoption of HCLSoftware’s solutions, helping organisations realise real value in an increasingly digital world.

    This partnership builds on HCLSoftware’s ongoing mission to deliver industry-leading software solutions and strengthens its foothold in the market of Australia, New Zealand, Singapore and Indonesia through Tech Data’s exceptional distribution network.

    For more details on HCLSoftware, visit hcl-software.com. For distribution inquiries, contact techdata.com

    About HCLSoftware

    HCLSoftware is a global leader in software innovation and the software division of HCLTech. We develop, market, sell, and support transformative solutions across various industries, including business and industry, intelligent operations, total experience, data and analytics, and cybersecurity. Our commitment to customer success and our core values of integrity, inclusion, value creation, people-centricity, and social responsibility drive us to deliver best-in-class software products that empower organizations to achieve their goals. With a rich heritage of pioneering spirit, HCLSoftware serves more than 20,000 organizations, including a majority of the Fortune 100 and almost half of the Fortune 500. Learn more about how we can help you achieve your goals at www.hcl-software.com.

    About Tech Data

    Tech Data, part of TD SYNNEX, is a leading technology distributor in Australia, New Zealand, Singapore and Indonesia, connecting partners and vendors with innovative solutions and services to drive business success.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: ChildFund Brings Clean Water to Thousands in Remote Solomon Islands

    Source: ChildFund New Zealand

    ChildFund New Zealand CEO and team met with Prime Minister Jeremiah Manele of Solomon Islands, community leaders, and the Premier of the Provincial government of Temotu the Honourable Stanley Tehi, to design the next phase of clean water and nutrition projects funded by the New Zealander public and the Ministry of Foreign Affairs and Trade.
    “Aid budgets are being cut globally, and the impact of aid is being questioned. Organisations like ChildFund must demonstrate how we make a measurable difference with New Zealand’s aid,” says Josie Pagani, CEO of ChildFund.
    “Everything we do is led and owned by local leaders, nationally and at the community level, which gives our programmes the best chance of making a long-term difference. Locals know their communities best.”
    Solomon Islands has one of the highest rates of child stunting in the world, with one-third of children under the age of fiveaffected by stunting (impaired physical growth and brain development) due to lack of nutritious food during pregnancy and the first year.
    Too many children get sick, or worse, die from diseases like dysentery from drinking unclean water. Infant mortality rates are high. Eighteen out of 1000 children die before the age of five, compared with about four in every 1000 in New Zealand.
    “These statistics are entirely preventable. With better access to clean water and nutritious food, we can turn them around.”
    ChildFund is working with Greenergy Pacific, its local partner in Temotu, to deliver clean water to 18 villages that have no access to running water at the moment.
    Prime Minister Hon. Jeremiah Manele expressed gratitude to ChildFund New Zealand for its continued support in addressing key development challenges that remain critical in rural Solomon Islands, including access to water, education, renewable energy, and skills training.
    ChildFund CEO and Greenergy Pacific CEO, Sharon Inone, were also invited to attend the opening Assembly (parliament) of the Provincial Government. ChildFund is the first international NGO to be invited onto the floor of the Assembly to sit with ministers and MPs.
    “This demonstrates the deep trust and commitment to partnership between ChildFund and the Provincial Government. We don’t arrive with a list of our own ideas. We get behind the plans of the national and local governments, and support local community organisations like Greenergy Pacific to implement these water and food projects.”
    ChildFund’s work in Solomon Islands includes the following:
    • Rebuilding the Nembo water pipe network in Temotu and replacing the broken diesel generator with a solar-powered pump, to bring clean running water to 18 villages
    • Working with local experts to improve soil quality and grow diverse food crops in schools and community gardens
    • Training counsellors and youth workers to support mental health
    • Supporting local groups in their campaign to make child marriage illegal
    • Supporting a physical ‘women’s refuge’, and a hotline for help, for those escaping domestic violence
    “This trip will help us to design the next few years of activities, and expand our clean water and nutrition projects to more villages, as well as do more to support young people to upskill and generate their own incomes. Knowing that we are aligned with the Solomon Islands’ plans for its own development is what will make these programmes successful.”

    MIL OSI New Zealand News

  • MIL-OSI Australia: Further humanitarian assistance to Myanmar

    Source: Australia’s climate in 2024: 2nd warmest and 8th wettest year on record

    Australia will contribute additional support for the people of Myanmar affected by the devastating earthquake. This support builds on Australia’s initial $2 million contribution to the International Committee for the Red Cross (ICRC).

    The natural disaster has caused significant loss of life, injury and extensive damage to homes, businesses and critical infrastructure. The earthquake has already claimed over 2,700 lives, with almost 4,500 reported injured. These numbers are expected to rise as rescuers gain access to remote areas and rubble is cleared. Survivors are in urgent need of food, water or shelter.

    Australia’s additional support will help those impacted by the humanitarian crisis. It includes:

    • $3.5 million to Australian NGOs and their local partners with a focus on food, water and sanitation and emergency health and education, and $500,000 contribution to the Emergency Action Alliance appeal.
    • $3 million for emergency relief supplies and to support the efforts of the ASEAN Coordinating Centre for Humanitarian Assistance on Disaster Management.

    A rapid response team has also been mobilised through Australia Assists, to help coordinate disaster relief efforts on the ground. We are coordinating with international partners on the need for any additional deployments.

    There are credible reports that the regime continues to conduct air strikes in earthquake affected areas, exacerbating the suffering of the people of Myanmar and complicating already difficult relief efforts. We condemn these acts and call on the military regime to immediately cease military operations and allow full humanitarian access to affected areas.

    Australia’s humanitarian support to Myanmar is provided through thoroughly vetted international and local partners. We take proactive steps to ensure our assistance does not legitimise the military regime in Myanmar.

    MIL OSI News

  • MIL-OSI USA: Chairman Wicker Leads SASC Hearing on Chairman of the Joint Chiefs Nomination

    US Senate News:

    Source: United States Senator for Mississippi Roger Wicker

    WASHINGTON – U.S. Senator Roger Wicker, R-Miss., the Chairman of the Senate Armed Services Committee, today chaired a hearing examining the nomination of Lieutenant General (ret.) John D. Caine to be the next Chairman of the Joint Chiefs of Staff.

    In his opening statement, Chairman Wicker underscored the tremendous responsibility that Lt. Gen. Caine would have if confirmed as Chairman of the Joint Chiefs. As the Chinese Communist Party continues an expansive military buildup and the other three members of the Axis of Aggressors – Russia, Iran, and North Korea – continue to band together in opposition to the United States, Chairman Wicker noted that Lt. Gen. Caine will work to give strong and decisive military advice to President Trump.

    Chairman Wicker also praised Caine’s diverse background as a former intelligence community liaison, defense technology innovator, as well as his experience both in the active-duty and national guard components of the Air Force. This track record would serve him exceptionally well as the President’s principal military advisor in a complex threat environment, Chairman Wicker argued.

    As for the proper role of the Chairman of the Joint Chiefs within the national defense decision-making complex ecosystem, Chairman Wicker noted that he had utmost confidence in Caine’s ability to remain nonpartisan and retain the trust of President Trump.

    Read Senator Wicker’s hearing opening statement as delivered below.

    This morning, the committee meets to consider the nomination of retired Lieutenant General Dan Caine for the position of Chairman of the Joint Chiefs of Staff.

     

    General Caine has a tremendous responsibility before him. I believe President Trump has made an excellent choice in selecting him to meet the challenges, so I thank General Caine for his willingness to serve our country, especially in this hour of need.

     

    We live in the most dangerous national security moment since World War II. An Axis of Aggressors, led by the Chinese Communist Party and Vladimir Putin’s Russia, means us harm. This axis does not want this century to be an American-led century or a freedom-led century. Our adversaries have started two wars against Ukraine and Israel. They threaten to open a third front against Taiwan.

     

    We must restore peace, and we can do that only through strength. Since his nomination was announced, some people have written that General Caine is unqualified. They point out that he has not served as a combatant commander, as a service chief, or as a vice chairman – roles which are contemplated in 10 USC 152.

     

    I would suggest these same people read or reread the Goldwater-Nichols Act of 1986. Those who read that law and then read General Caine’s resume will see that the architects of that legislation would conclude that their reforms were successful.

     

    The driving force behind Goldwater-Nichols was to inspire and, in some cases, require jointness. So, let’s talk about jointness with regard to Lieutenant General Caine. They believe that when our military services work together, those services are greater than the sum of their parts. General Caine agrees, and his record reflects that.

     

    He began his career as an Air Force fighter pilot in 1992. By the time he was done, General Caine had operated in every domain, and he had developed relationships with every service. That would not have been true 40 years ago. General Caine flew and commanded aircraft, but he’s also worked for the U.S. Department of Agriculture, having helped in the wake of Hurricane Katrina in the midst of a bird flu outbreak. At the White House, General Caine wrote early homeland security strategies. He deployed and commanded repeatedly to Iraq and Syria, serving within various special operations forces units. He ran our most secretive programs for all military services. General Caine worked extensively as the CIA’s senior military officer, again collaborating with every military service and combatant command.

     

    It’s difficult to imagine a better joint and interagency background for a nominee of this position. Our threat environment is complex, and General Caine understands how the services can work together to meet today’s dangers. We have much work to do, as this committee knows. We need to grow our defense budget. We need to reform the Pentagon’s processes drastically.

     

    If confirmed, General Kaine would play a significant role in providing military advice to the Secretary of Defense and the President of the United States on both of those topics. In particular, the Chairman plays a significant role in the requirements process. I hope he will make a priority to modernize this critical aspect.

     

    The statutory role of the chairman may be limited, but the position is explicitly the voice of the combatant commanders. That voice matters because the commanders are largely absent from our requirements and budgeting processes.

     

    The Chairman can and should also be an advocate for a more agile planning process – one that considers the problems. And I’m going to use two big words here: the problems of simultaneity and protracted warfare – I guess that’s three big words and two big terms. These are technical terms for fairly straightforward facts. First, that our adversaries are likely to act against us in a coordinated fashion – simultaneity.  And secondly, that once that war breaks out it tends to take on a life of its own – protracted warfare.

     

    Lastly, a Chairman is responsible to deliver a serious, honest Chairman’s risk assessment to this committee as soon as possible. I look forward to General Caine’s thoughts on each of these points.

     

    Based on my conversations with the nominee, and based on his actions in uniform, I’m confident that General Caine will give President Trump his best military advice. He will do so without bias, as he’s required to do. He would not consider whether the president may like or dislike that advice that’s exactly what a United States president deserves.

     

    I’m convinced that General Caine sees this role as absolutely nonpartisan. We can argue politics up here on this dais, but I expect General Caine to stay out of it, no matter the subject.

     

    I thank the nominee for his service and for appearing today, and I turn now to my friend and colleague Ranking Member Reed for his opening remarks.

    MIL OSI USA News

  • MIL-OSI USA: Rep. Houchin Introduces Four Bills to Protect Students, Support Families, and Uphold American Values

    Source: United States House of Representatives – Congresswoman Erin Houchin (Indiana 09)

    Washington, D.C. – Congresswoman Erin Houchin (IN-09) introduced four major legislative proposals aimed at strengthening education, defending American institutions from foreign influence, supporting families in crisis, and improving outcomes for children in foster care. Each bill reflects Houchin’s commitment to promoting transparency, protecting vulnerable populations, and putting American families first.

    “These bills are focused on doing what’s right for the American people—protecting students, supporting families, and strengthening systems we rely on,” said Rep. Houchin. “Whether it’s ensuring taxpayer dollars aren’t funding institutions that break immigration laws or expanding access to end-of-life care for families, these bills are about accountability and common sense.”

    The four bills introduced include:

    • College Employment Accountability Act: Prohibits colleges and universities that hire illegal immigrants from receiving federal student aid or institutional funding. The bill also mandates participation in the E-Verify program and strengthens coordination between federal departments to enforce immigration laws.
    • Safeguarding American Education From Foreign Control Act: Protects American educational institutions by increasing transparency and restrictions on foreign funding. The bill prevents adversarial nations from using financial influence to shape curriculum or policy at U.S. schools and universities.
    • End-of-life Access to Supportive and Essential Care (E.A.S.E.) Act: Improves access to care for patients with terminal illnesses, ensuring families have options and support during end-of-life care.
    • Foster Care Tax Credit: Provides a federal tax credit to families who open their homes to foster children, helping reduce the financial burden and encouraging more Americans to consider becoming foster parents. 

    “These are practical, targeted bills that can make a meaningful difference in people’s lives,” Houchin added. “I’m proud to lead on these issues and will keep fighting to make Washington work for families in Indiana and across the country.”

    MIL OSI USA News

  • MIL-OSI USA: US files civil forfeiture complaint for $47 million in proceeds from Iranian oil sale following ICE investigation

    Source: US Immigration and Customs Enforcement

    WASHINGTON – An investigation by U.S. Immigration and Customs Enforcement has resulted in a civil forfeiture complaint alleging that $47 million in proceeds from the sale of nearly one million barrels of Iranian petroleum is forfeitable as property of, or affording a person a source of influence over, the Islamic Revolutionary Guard Corps or its Qods Force, designated Foreign Terrorist Organizations.

    The forfeiture was announced by ICE Homeland Security Investigations New York acting Special Agent in Charge Michael Alfonso; Sue J. Bai, head of the Justice Department’s National Security Division; U.S. Attorney Edward R. Martin, Jr., for the District of Columbia; and FBI Special Agent in Charge Alvin M. Winston, Sr. of the Minneapolis Field Office.

    “Through the work of HSI’s Counterproliferation Investigations group, alongside the FBI, the U.S. government has seized $47 million worth of funds allegedly meant for terrorist groups intent on causing catastrophic harm,” said ICE HSI New York acting Special Agent in Charge Alfonso. “The expertise of HSI personnel, coupled with federal law enforcement’s whole-of-government approach, ensures the wellbeing of the United States and our innocent foreign counterparts, alike. We are relentlessly utilizing every tool at our disposal in pursuit of any and all security threats.”

    The forfeiture complaint alleges a scheme between 2022 and 2024 to facilitate the shipment, storage, and sale of Iranian petroleum product for the benefit of the IRGC and IRGC-QF. The facilitators used deceptive practices to masquerade the Iranian oil as Malaysian, including by manipulating the tanker’s automatic identification system to conceal that it onboarded the oil from a port in Iran. The facilitators presented falsified documents to the Croatian storage facility and port authority, claiming that the oil was Malaysian. The facilitators paid for storage fees associated with the oil’s storage at the Croatian facility in U.S. dollars, transactions that were conducted through U.S. financial institutions that would have refused the transactions had they known they were associated with Iranian oil. The petroleum product was sold in 2024, and the United States seized $47 million in proceeds from that sale.

    The civil forfeiture complaint further alleges that the petroleum product constitutes the property of the National Iranian Oil Company, which has perpetuated a federal crime of terrorism by providing material support to the IRGC and IRGC-QF. As alleged, profits from petroleum product sales support the IRGC’s full range of malign activities, including the proliferation of weapons of mass destruction and their means of delivery, support for terrorism, and both domestic and international human rights abuses.

    “We will aggressively enforce U.S. sanctions against Iran, in furtherance of President Trump’s maximum pressure campaign,” said U.S. Attorney Martin. “With the continued seizures of Iranian oil and U.S. dollar profits, we are sending a clear message to Iran that bypassing the sanctions put in place by the U.S. Government is not as easy as playing a shell game with tankers filled with oil. We remain committed to thwarting Iran’s devious attempts, and to deprive its terrorists of the funding they desire.”

    “The FBI will not allow hostile regimes to evade U.S. sanctions or exploit our financial systems to fund designated terrorist organizations,” said FBI Special Agent in Charge Winston. “The FBI, alongside our partners, will relentlessly enforce U.S. sanctions against Iran and safeguard U.S. national security by disrupting illicit networks that seek to profit from sanctioned oil sales.”

    Funds successfully forfeited with a connection to a state sponsor of terrorism may in whole or in part be directed to the U.S. Victims of State Sponsored Terrorism Fund.

    ICE HSI New York and FBI Minneapolis Field Office are investigating the case.

    MIL OSI USA News

  • MIL-OSI Security: Attorney General Pam Bondi Appoints Gregory W. Kehoe As Interim United States Attorney

    Source: Office of United States Attorneys

    Tampa, FL – Attorney General Pam Bondi has appointed Gregory W. Kehoe as Interim United States Attorney for the Middle District of Florida pursuant to 28 U.S.C. § 546, which provides that “the Attorney General may appoint a United States Attorney for the district in which the office of United States Attorney is vacant.” This appointment took effect on March 31, 2025.

    Mr. Kehoe worked for the U.S. Department of Justice as a prosecutor for over 20 years with postings in the United States, Europe, Asia and South America. While serving as an Assistant U.S. Attorney, he was responsible for prosecuting a number of high-profile cases involving financial institutions and corporate fraud allegations, as well as racketeering charges.

    Mr. Kehoe also led the team of lawyers and investigators which advised the Iraqi Special Tribunal, an ad hoc court formed to prosecute Saddam Hussein and members of his former regime.

    Most recently, Mr. Kehoe was a shareholder at the law firm of Greenberg Traurig.

    Mr. Kehoe received his bachelor’s degree from Boston College, summa cum laude, and his Juris Doctorate from St. John’s University.

    MIL Security OSI

  • MIL-OSI USA: Connecticut DPH Commissioner to Headline UConn Health’s 54th Commencement

    Source: US State of Connecticut

    On Monday, May 12 at 1:00 p.m. UConn Health’s 54th Commencement address will be delivered by Manisha Juthani, MD, the Commissioner of the Connecticut Department of Public Health (DPH). Juthani will share her keynote address with the graduating Class of 2025’s medical, dental, and graduate students at the Jorgensen Center for the Performing Arts in Storrs.

    “As Connecticut’s No. 1 public health leader, an infectious disease expert, and Commissioner of the CT Department of Public Health, Commissioner Juthani is an inspiration to our graduates as they enter the healthcare workforce, especially those educated in our robust public health graduate program,” said Dr. Bruce T. Liang, MD, dean of UConn School of Medicine.

    “Thank you Dr. Juthani for your strong public service to Connecticut and also as a dedicated member of the UConn Health Board of Directors,” said Barbara E. Kream, Ph.D. associate dean of The UConn Graduate School programs at UConn Health and professor of Medicine and Genetics and Genome Sciences.

    Juthani is the first Indian American to serve as a commissioner in the State of Connecticut. She served as professor of medicine at Yale School of Medicine through September 2024 and currently serves as an adjunct professor of medicine. She served as Director of the Infectious Diseases Fellowship Program from 2012 to 2021. Juthani received her B.A. from the University of Pennsylvania and M.D. from Cornell University Medical College, completed Internal Medicine residency training at New York-Presbyterian Hospital/Weill Cornell campus, and served as chief resident at Memorial-Sloan Kettering Cancer Center. She came to Connecticut in 2002 as an Infectious Diseases fellow at Yale School of Medicine.

    During the COVID-19 pandemic, Juthani was a leader in the COVID response at Yale which led to her appointment as Commissioner of CT DPH in 2021. In the early days of the pandemic, she was a voice to help educate the public in both local and national media outlets, a role she was able to expand in her role as Commissioner. Upon joining CT DPH, she helped guide Connecticut out of the pandemic and worked to revitalize areas of public health, such as gun violence, maternal health, opioid use, and sexually transmitted diseases, that were exacerbated during the pandemic.

    As she continues in her role as DPH Commissioner, Juthani has shifted her core vision to “Preserve and Protect Core Public Health Principles and Services.” As Connecticut is presented with new public health challenges, she remains committed to preserving public health achievements made over the years, including improvements in regulatory oversight in healthcare, drinking water, and environmental health which includes food safety. It is more important than ever to highlight the importance of vaccines, control of infectious diseases, road safety, and healthier mothers and babies. Clear, accurate communication about public health risks is vital to her mission. She continues to advocate for health as a human right which is the core vision of CT DPH.

    “I am honored to welcome the next generation of professionals that will care for Connecticut residents and beyond, in both the healthcare and public health fields. UConn Health has trained each of these graduates well to protect and improve the lives of the people throughout the country,” stated Juthani who also is on the Board of Directors of UConn Health.

    Watch the livestream of UConn Health’s Commencement on Monday, May 12 at 1:00 p.m.

    MIL OSI USA News

  • MIL-OSI: Guggenheim Investments Announces April 2025 Closed-End Fund Distributions

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 01, 2025 (GLOBE NEWSWIRE) — Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

    The following dates apply to the distributions:
    Record Date  April 15, 2025
    Ex-Dividend Date April 15, 2025
    Payable Date  April 30, 2025
    Distribution Schedule
    NYSE Ticker Closed-End Fund Name Distribution
    Per Share
    Change from Previous
    Distribution
    Frequency
    AVK Advent Convertible and Income
    Fund
    $0.1172   Monthly
    GBAB Guggenheim Taxable
    Municipal Bond & Investment Grade Debt
    Trust
    $0.12573   Monthly
    GOF Guggenheim Strategic
    Opportunities Fund
    $0.1821   Monthly
    GUG Guggenheim Active Allocation
    Fund
    $0.11875   Monthly

    A portion of this distribution is estimated to be a return of capital rather than income. Final determination of the character of distributions will be made at year-end. The Section 19(a) notice referenced below provides more information and can be found at www.guggenheiminvestments.com.

    You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Distribution Policy.

    Past performance is not indicative of future performance. As of this announcement, the sources of each fund distribution are estimates. Distributions may be paid from sources of income other than ordinary income, such as short-term capital gains, long-term capital gains or return of capital. Unless otherwise noted, the distributions above are not anticipated to include a return of capital. If a distribution consists of something other than ordinary income, a Section 19(a) notice detailing the anticipated source(s) of the distribution will be made available. The Section 19(a) notice will be posted to a Fund’s website and to the Depository Trust & Clearing Corporation so that brokers can distribute such notices to Shareholders of the Fund. Section 19(a) notices are provided for informational purposes only and not for tax reporting purposes. The final determination of the source and tax characteristics of all distributions will be made after the end of the year. This information is not legal or tax advice. Consult a professional regarding your specific legal or tax matters.

    About Guggenheim Investments

    Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, LLC (“Guggenheim”), with more than $243 billion* in assets under management across fixed income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our 235+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification opportunities and attractive long-term results.

    Guggenheim Investments includes Guggenheim Funds Investment Advisors, LLC (“GFIA”), Guggenheim Partners Investment Management, LLC (“GPIM”) and Guggenheim Funds Distributors, LLC (“GFD”). GFIA serves as Investment Adviser for GBAB, GOF and GUG. GPIM serves as Investment Sub-Adviser for GBAB, GOF and GUG. GFD serves as servicing agent for AVK. The Investment Adviser for AVK is Advent Capital Management, LLC and is not affiliated with Guggenheim.

    *Assets under management are as of 12.31.2024 and include leverage of $14.8bn. Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Wealth Solutions, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, GS GAMMA Advisors, LLC, and Guggenheim Private Investments, LLC.

    This information does not represent an offer to sell securities of the Funds and it is not soliciting an offer to buy securities of the Funds. There can be no assurance that the Funds will achieve their investment objectives. Investments in the Funds involve operating expenses and fees. The net asset value of the Funds will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value. Past performance is not indicative of future performance. An investment in closed-end funds is subject to investment risk, including the possible loss of the entire amount that you invest. Some general risks and considerations associated with investing in a closed-end fund may include: Investment and Market Risk; Lower Grade Securities Risk; Equity Securities Risk; Foreign Securities Risk; Interest Rate Risk; Illiquidity Risk; Derivative Risk; Management Risk; Anti-Takeover Provisions; Market Disruption Risk and Leverage Risk. See www.guggenheiminvestments.com/cef for a detailed discussion of Fund-specific risks.

    Investors should consider the investment objectives and policies, risk considerations, charges and expenses of any investment before they invest. For this and more information, visit www.guggenheiminvestments.com or contact a securities representative or Guggenheim Funds Distributors, LLC 227 West Monroe Street, Chicago, IL 60606, 800-345-7999.

    Analyst Inquiries

    William T. Korver
    cefs@guggenheiminvestments.com

    Not FDIC-Insured | Not Bank-Guaranteed | May Lose Value
    Member FINRA/SIPC (04/25) 64378

    The MIL Network

  • MIL-OSI USA: Graham, Blumenthal Lead 50 Senators In Introducing Hard-Hitting Russia Sanctions

    US Senate News:

    Source: United States Senator for South Carolina Lindsey Graham

    WASHINGTON – Today, U.S. Senators Lindsey Graham (R-South Carolina) and Richard Blumenthal (D-Connecticut) led 50 U.S. Senators – evenly divided by party affiliation – to introduce primary and secondary sanctions against Russia and actors supporting Russia’s aggression in Ukraine.

    These sanctions would be imposed if Russia refuses to engage in good faith negotiations for a lasting peace with Ukraine or initiates another effort, including military invasion, that undermines the sovereignty of Ukraine after peace is negotiated. The legislation also imposes a 500 percent tariff on imported goods from countries that buy Russian oil, gas, uranium and other products.

    “We are pleased to announce that we have received overwhelming bipartisan support for our primary and secondary sanctions legislation against Russia. The sanctions against Russia require tariffs on countries who purchase Russian oil, gas, uranium and other products. They are hard hitting for a reason.

    “The dominating view in the United States Senate is that Russia is the aggressor, and that this horrific war and Putin’s aggression must end now and be deterred in the future.

    “We share President Trump’s frustration with Russia when it comes to obtaining a ceasefire, and support President Trump’s desire to achieve a lasting, just and honorable peace.

    “In 1994, as part of the Budapest Memorandum Ukraine gave up approximately 1,700 nuclear weapons with a promise from the U.S., Russia and United Kingdom that Ukraine’s sovereignty would be honored in the future. This failed to deter Russian aggression. In 2014 and 2015, the Minsk agreements were reached to end Russia’s invasion of Ukraine, but again, it did nothing to deter future aggression. In 2022, Russia invaded Ukraine once more, leading to deaths of hundreds of thousands of people and the displacement of millions.

    “It is our hope that in 2025, President Trump and his team will achieve what has eluded the world in the past: ending Russian aggression against Ukraine permanently and ensuring the survivability of a free and democratic Ukraine.

    “These sanctions against Russia are at the ready and will receive overwhelming bipartisan, bicameral support if presented to the Senate and House for a vote.

    “We support an immediate ceasefire to secure a lasting, honorable peace.”

    The sanctions are cosponsored by U.S. Senators Dan Sullivan (R-Alaska), Dick Durbin (D-Illinois), Katie Britt (R-Alabama), Sheldon Whitehouse (D-Rhode Island), Todd Young (R-Indiana), Angus King (I-Maine), Pete Ricketts (R-Nebraska), Tim Kaine (D-Virginia), Kevin Cramer (R-North Dakota), Amy Klobuchar (D-Minnesota), John Curtis (R-Utah), Brian Schatz (D-Hawaii), Tom Cotton (R-Arkansas), Maggie Hassan (D-New Hampshire), Deb Fischer (R-Nebraska), Angela Alsobrooks (D-Maryland), Joni Ernst (R-Iowa), Mazie Hirono (D-Hawaii), Roger Wicker (R-Mississippi), Jeanne Shaheen (D-New Hampshire), Thom Tillis (R-North Carolina), Peter Welch (D-Vermont), Markwayne Mullin (R-Oklahoma), Chris Coons (D-Delaware), Tim Sheehy (R-Montana), Kirsten Gillibrand (D-New York), Lisa Murkowski (R-Alaska), Mark Kelly (D-Arizona), Jon Husted (R-Ohio), Elissa Slotkin (D-Michigan), Chuck Grassley (R-Iowa), John Hickenlooper (D-Colorado), John Cornyn (R-Texas), Michael Bennet (D-Colorado), Shelley Moore Capito (R-West Virginia), Ruben Gallego (D-Arizona), John Hoeven (R-North Dakota), John Fetterman (D-Pennsylvania), John Boozman (R-Arkansas), Chris Van Hollen (D-Maryland), James Lankford (R-Oklahoma), Martin Heinrich (D-New Mexico), Rick Scott (R-Florida), Adam Schiff (D-California), Jim Justice (R-West Virginia), Elizabeth Warren (D-Massachusetts), Steve Daines (R-Montana) and Jack Reed (D-Rhode Island).

    Companion legislation is being introduced in the U.S. House of Representatives by U.S. Representatives Brian Fitzpatrick (R-Pennsylvania), Mike Quigley (D-Illinois), Joe Wilson (R-South Carolina) and Marcy Kaptur (D-Ohio).

    MIL OSI USA News

  • MIL-OSI USA: NASA’s SPHEREx Takes First Images, Preps to Study Millions of Galaxies

    Source: NASA

    Processed with rainbow hues to represent a range of infrared wavelengths, the new pictures indicate the astrophysics space observatory is working as expected.
    NASA’s SPHEREx (short for Spectro-Photometer for the History of the Universe, Epoch of Reionization and Ices Explorer) has turned on its detectors for the first time in space. Initial images from the observatory, which launched March 11, confirm that all systems are working as expected.
    Although the new images are uncalibrated and not yet ready to use for science, they give a tantalizing look at SPHEREx’s wide view of the sky. Each bright spot is a source of light, like a star or galaxy, and each image is expected to contain more than 100,000 detected sources.
    There are six images in every SPHEREx exposure — one for each detector. The top three images show the same area of sky as the bottom three images. This is the observatory’s full field of view, a rectangular area about 20 times wider than the full Moon. When SPHEREx begins routine science operations in late April, it will take approximately 600 exposures every day.

    “Our spacecraft has opened its eyes on the universe,” said Olivier Doré, SPHEREx project scientist at Caltech and NASA’s Jet Propulsion Laboratory, both in Southern California. “It’s performing just as it was designed to.”
    The SPHEREx observatory detects infrared light, which is invisible to the human eye. To make these first images, science team members assigned a visible color to every infrared wavelength captured by the observatory. Each of the six SPHEREx detectors has 17 unique wavelength bands, for a total of 102 hues in every six-image exposure.
    Breaking down color this way can reveal the composition of an object or the distance to a galaxy. With that data, scientists can study topics ranging from the physics that governed the universe less than a second after its birth to the origins of water in our galaxy.
    “This is the high point of spacecraft checkout; it’s the thing we wait for,” said Beth Fabinsky, SPHEREx deputy project manager at JPL. “There’s still work to do, but this is the big payoff. And wow! Just wow!”
    During the past two weeks, scientists and engineers at JPL, which manages the mission for NASA, have executed a series of spacecraft checks that show all is well so far. In addition, SPHEREx’s detectors and other hardware have been cooling down to their final temperature of around minus 350 degrees Fahrenheit (about minus 210 degrees Celsius). This is necessary because heat can overwhelm the telescope’s ability to detect infrared light, which is sometimes called heat radiation. The new images also show that the telescope is focused correctly. Focusing is done entirely before launch and cannot be adjusted in space.
    “Based on the images we are seeing, we can now say that the instrument team nailed it,” said Jamie Bock, SPHEREx’s principal investigator at Caltech and JPL.
    How It Works
    Where telescopes like NASA’s Hubble and James Webb space telescopes were designed to target small areas of space in detail, SPHEREx is a survey telescope and takes a broad view. Combining its results with those of targeted telescopes will give scientists a more robust understanding of our universe.
    The observatory will map the entire celestial sky four times during its two-year prime mission. Using a technique called spectroscopy, SPHEREx will collect the light from hundreds of millions of stars and galaxies in more wavelengths any other all-sky survey telescope.

    When light enters SPHEREx’s telescope, it’s directed down two paths that each lead to a row of three detectors. The observatory’s detectors are like eyes, and set on top of them are color filters, which are like color-tinted glasses. While a standard color filter blocks all wavelengths but one, like yellow- or rose-tinted glasses, the SPHEREx filters are more like rainbow-tinted glasses: The wavelengths they block change gradually from the top of the filter to the bottom.
    “I’m rendered speechless,” said Jim Fanson, SPHEREx project manager at JPL. “There was an incredible human effort to make this possible, and our engineering team did an amazing job getting us to this point.”
    More About SPHEREx
    The SPHEREx mission is managed by JPL for the agency’s Astrophysics Division within the Science Mission Directorate at NASA Headquarters. BAE Systems (formerly Ball Aerospace) built the telescope and the spacecraft bus. The science analysis of the SPHEREx data will be conducted by a team of scientists located at 10 institutions in the U.S., two in South Korea, and one in Taiwan. Caltech managed and integrated the instrument. Data will be processed and archived at IPAC at Caltech. The mission’s principal investigator is based at Caltech with a joint JPL appointment. The SPHEREx dataset will be publicly available at the NASA-IPAC Infrared Science Archive. Caltech manages JPL for NASA.
    For more about SPHEREx, visit:

    SPHEREx

    News Media Contact
    Calla CofieldJet Propulsion Laboratory, Pasadena, Calif.626-808-2469calla.e.cofield@jpl.nasa.gov
    2025-045

    MIL OSI USA News

  • MIL-OSI USA: Former Military Contractor Pleads Guilty for Deleting Text Messages in Antitrust Division Investigation

    Source: US State of North Dakota

    Today, a Federal Judge accepted a guilty plea to destruction of records in a federal investigation from a former employee of a contractor that provided operation and maintenance services to the U.S. Army Corps of Engineers for U.S. military installations in South Korea.

    According to the information filed in the Western District of Texas, in or about July 2021, David Cruz, 37, deleted text messages with Hyuk Jin Kwon and Hyun Ki Shin. Kwon and Shin were separately charged ‌for fraud and conspiring to rig bids and fix prices on millions of dollars in maintenance and repair subcontracting work provided to the U.S. Army Corps of Engineers in South Korea and remain fugitives. At Kwon’s suggestion, Cruz deleted text messages after receiving a litigation hold notice from his employer requiring him not to destroy or delete communications. Cruz then covered up the deletion of those text messages after being specifically advised by his employer that there was an ongoing federal investigation.

    In the deleted text messages, Cruz discussed with Kwon and Shin the need to get additional bids from their competitor to satisfy the U.S. Army Corps of Engineer’s competitive bidding requirements for subcontract work. Kwon had previously told Cruz that Cruz should contact him instead of requesting bids directly from Kwon’s competitors.

    “The Procurement Collusion Strike Force’s commitment to safeguard taxpayer dollars from collusion and fraud is unwavering,” said Director Daniel Glad of the Justice Department’s Procurement Collusion Strike Force (PCSF). “The Antitrust Division will not hesitate to prosecute individuals who unlawfully impede our investigations by destroying or covering up evidence.”

    “Bid rigging and other acts of fraud against the U.S. Army not only undermine the integrity of critical procurement efforts but also put our Soldiers at risk by providing them capabilities and services which do not meet the high standards necessary to maintain peak lethality,” said Special Agent in Charge Michael DeFamio of the Department of the Army Criminal Investigation Division (Army CID), Far East Field Office. “Army CID is grateful for the collaborative efforts of our federal partners at the FBI and the Department of Justice, and we will continue to identify, investigate, and hold accountable those who attempts to defraud the U.S. Government, regardless of where they are in the world.”

    “The Department of Defense Office of Inspector General’s Defense Criminal Investigative Service (DCIS) is steadfast in its mission to protect taxpayer funds from fraud and collusion,” said Special Agent in Charge Stanley Newell of DCIS’ Transnational Field Office. “We are equally committed to relentlessly pursuing those who attempt to obstruct our investigations through the destruction or concealment of evidence.”

    “Mr. Cruz knowingly destroyed records that were part of an ongoing criminal investigation and has now acknowledged his crime” said Assistant Director in Charge Akil Davis of the FBI Los Angeles Field Office. “The FBI is committed to holding accountable military contractors who flout the bidding process and intentionally destroy evidence of their guilt.”

    Destruction of records in a federal investigation carries a maximum penalty of 20 years in prison and a $250,000 fine. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other relevant factors.

    The Antitrust Division’s Washington Criminal Section, Army CID, DCIS, and the FBI investigated the case.

    Assistant Chief Daniel E. Lipton and Trial Attorney Daniel P. Chung of the Antitrust Division prosecuted the case with assistance from Assistant U.S. Attorney Matthew B. Devlin for the Western District of Texas.

    In November 2019, the Justice Department created the PCSF, a joint law enforcement effort to combat antitrust crimes and related fraudulent schemes that impact government procurement, grant and program funding at all levels of government — federal, state and local. To learn more about the PCSF, or to report information on bid rigging, price fixing, market allocation and other anticompetitive conduct related to government spending, go to www.justice.gov/procurement-collusion-strike-force. Anyone with information in connection with this investigation can contact the PCSF at the link listed above.

    MIL OSI USA News

  • MIL-OSI Security: Former Military Contractor Pleads Guilty for Deleting Text Messages in Antitrust Division Investigation

    Source: United States Attorneys General 11

    Today, a Federal Judge accepted a guilty plea to destruction of records in a federal investigation from a former employee of a contractor that provided operation and maintenance services to the U.S. Army Corps of Engineers for U.S. military installations in South Korea.

    According to the information filed in the Western District of Texas, in or about July 2021, David Cruz, 37, deleted text messages with Hyuk Jin Kwon and Hyun Ki Shin. Kwon and Shin were separately charged ‌for fraud and conspiring to rig bids and fix prices on millions of dollars in maintenance and repair subcontracting work provided to the U.S. Army Corps of Engineers in South Korea and remain fugitives. At Kwon’s suggestion, Cruz deleted text messages after receiving a litigation hold notice from his employer requiring him not to destroy or delete communications. Cruz then covered up the deletion of those text messages after being specifically advised by his employer that there was an ongoing federal investigation.

    In the deleted text messages, Cruz discussed with Kwon and Shin the need to get additional bids from their competitor to satisfy the U.S. Army Corps of Engineer’s competitive bidding requirements for subcontract work. Kwon had previously told Cruz that Cruz should contact him instead of requesting bids directly from Kwon’s competitors.

    “The Procurement Collusion Strike Force’s commitment to safeguard taxpayer dollars from collusion and fraud is unwavering,” said Director Daniel Glad of the Justice Department’s Procurement Collusion Strike Force (PCSF). “The Antitrust Division will not hesitate to prosecute individuals who unlawfully impede our investigations by destroying or covering up evidence.”

    “Bid rigging and other acts of fraud against the U.S. Army not only undermine the integrity of critical procurement efforts but also put our Soldiers at risk by providing them capabilities and services which do not meet the high standards necessary to maintain peak lethality,” said Special Agent in Charge Michael DeFamio of the Department of the Army Criminal Investigation Division (Army CID), Far East Field Office. “Army CID is grateful for the collaborative efforts of our federal partners at the FBI and the Department of Justice, and we will continue to identify, investigate, and hold accountable those who attempts to defraud the U.S. Government, regardless of where they are in the world.”

    “The Department of Defense Office of Inspector General’s Defense Criminal Investigative Service (DCIS) is steadfast in its mission to protect taxpayer funds from fraud and collusion,” said Special Agent in Charge Stanley Newell of DCIS’ Transnational Field Office. “We are equally committed to relentlessly pursuing those who attempt to obstruct our investigations through the destruction or concealment of evidence.”

    “Mr. Cruz knowingly destroyed records that were part of an ongoing criminal investigation and has now acknowledged his crime” said Assistant Director in Charge Akil Davis of the FBI Los Angeles Field Office. “The FBI is committed to holding accountable military contractors who flout the bidding process and intentionally destroy evidence of their guilt.”

    Destruction of records in a federal investigation carries a maximum penalty of 20 years in prison and a $250,000 fine. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other relevant factors.

    The Antitrust Division’s Washington Criminal Section, Army CID, DCIS, and the FBI investigated the case.

    Assistant Chief Daniel E. Lipton and Trial Attorney Daniel P. Chung of the Antitrust Division prosecuted the case with assistance from Assistant U.S. Attorney Matthew B. Devlin for the Western District of Texas.

    In November 2019, the Justice Department created the PCSF, a joint law enforcement effort to combat antitrust crimes and related fraudulent schemes that impact government procurement, grant and program funding at all levels of government — federal, state and local. To learn more about the PCSF, or to report information on bid rigging, price fixing, market allocation and other anticompetitive conduct related to government spending, go to www.justice.gov/procurement-collusion-strike-force. Anyone with information in connection with this investigation can contact the PCSF at the link listed above.

    MIL Security OSI

  • MIL-OSI Asia-Pac: CCI approves the proposed acquisition of certain CCPS B of API Holdings by 360 ONE and Claypond Capital

    Source: Government of India

    Posted On: 01 APR 2025 6:31PM by PIB Delhi

    The Competition Commission of India has approved the proposed acquisition of certain CCPS B of API Holdings by 360 ONE and Claypond Capital.

    360 ONE Large Value Fund – Series 13 (360 ONE LVF), which is a scheme of 360 ONE Private Equity Fund (Fund), acting through its investment manager, 360 ONE Alternates Asset Management Limited (AAML) (360 ONE LVF, Fund, and AAML are referred to as “360 ONE”). 360 ONE LVF is registered with the SEBI as a Category II AIF and is established for the purpose of investing in various sectors in India and worldwide. The Fund is managed by its investment manager, i.e., AAML. AAML provides investment management services to schemes of the Fund other Category I and Category II AIFs of the 360 ONE Group. It also undertakes co-investment portfolio management services

    Claypond Capital Partners Private Limited (Claypond Capital) is a private limited company incorporated in India. Claypond Capital ultimately belongs to the Pai Family Group. It is engaged in the provision of consulting and advisory services to customers in India.

    API Holdings Limited (API Holdings/Target) is a company incorporated in India. It is directly or indirectly engaged in various activities in the pharmaceutical and healthcare sectors in India.

    The proposed transaction consists of the following steps: (a) 360 ONE proposes to acquire certain class B compulsorily convertible preference shares (CCPS B) of API Holdings from its existing shareholder, MEMG Family Office LLP (MEMG LLP) (Proposed 360 Transaction); and (b) Claypond Capital proposes to acquire certain CCPS B of API Holdings from its existing shareholder, MEMG LLP (Proposed Claypond Transaction) (Proposed 360 Transaction and Proposed Claypond Transaction are collectively referred to as the “Proposed Combination”).

    Detailed order of the Commission will follow.

    *****

     NB/AD

    (Release ID: 2117415) Visitor Counter : 47

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Union Minister Shri Ashwini Vaishnaw Stresses Need for Techno-Legal Framework to Address Emerging New-Age Crimes and to Ensure Prompt Investigation and Bringing Criminals to Justice for Effective Prosecution

    Source: Government of India

    Union Minister Shri Ashwini Vaishnaw Stresses Need for Techno-Legal Framework to Address Emerging New-Age Crimes and to Ensure Prompt Investigation and Bringing Criminals to Justice for Effective Prosecution

    Technical knowhow of India’s academia, scientists and researchers should be harnessed to bring about technological solutions in investigations

    Union Minister Urges CBI to Establish State-of-the-Art Cyber Forensic Labs in Collaboration with Academia

    Amid Deepfake & AI challenges, Ashwini Vaishnaw says the Future of Effective Criminal Justice lies in combining legal frameworks with Technological Capability and Institutional innovation

    Shri Ashwini Vaishnaw delivers 21st D.P. Kohli Memorial Lecture on CBI’s 62nd Foundation Day, presents police medals to 26 officers

    Union Minister highlights CBI’s role in justice and outlines four key pillars of India’s growth strategy

    Posted On: 01 APR 2025 5:46PM by PIB Delhi

    Shri Ashwini Vaishnaw, Hon’ble Minister of Railways, Information & Broadcasting, and Electronics & IT, addressed the 21st D.P. Kohli Memorial Lecture on CBI’s 62nd Foundation Day held today at Bharat Mandapam, New Delhi. Speaking on the theme ‘VIKSIT BHARAT @ 2047 – A Roadmap for CBI’, the Minister outlined a strategic vision for the agency’s role in India’s progress over the next two decades. During the event, President’s Police Medals (PPM) for Distinguished Service and Police Medals (PM) for Meritorious Service to CBI officers were presented acknowledging their dedication and exceptional contributions.

    In his address, Sh. Ashwini Vaishnaw elaborated the important role played by CBI over the years in bringing out truth through in depth & professional investigation and in bringing criminals to justice through effective prosecution. He further said “Our academia, our scientists, our researchers today possess remarkable strength and capabilities. This strength must be harnessed by investigating agencies, law officers, and government departments to co-develop technological solutions. Law alone will not be sufficient, we need techno-legal approach to address the challenges posed by new-age crimes and investigation,” the Minister emphasized.

    Union Minister urged the Central Bureau of Investigation (CBI) to take the lead in building state-of-the-art cyber forensic laboratories by actively partnering with academic and research institutions. He further highlighted the need for institutional frameworks that facilitate such collaborations and suggested that Ministries and Departments such as MeitY, Department of Telecommunications (DoT), and Department of Science and Technology (DST) work closely with investigative agencies to co-create technologies required for modern-day law enforcement.

    The Minister’s remarks come in the backdrop of rapid technological evolution, including challenges posed by artificial intelligence, deepfakes, and cyber-enabled crimes. He stressed that the future of effective criminal justice lies in combining legal frameworks with technological capability and institutional innovation.

    Reflecting on India’s transformative journey over the past decade, the Minister noted the country’s rapid economic growth, strong governance, and technological leadership. He further highlighted four pillars of growth strategy in the last decade, first, public investment in physical, social and digital infrastructure, second a large number of inclusive growth programs, third a strong focus on manufacturing and innovation and fourth, simplification of legal and compliance structures.

    First Pillar: Public Investment In Physical, Social and Digital infrastructure

    The first pillar of India’s growth strategy focuses on significant investments in social, physical and digital infrastructure, including the construction of national highways, new airports, and the electrification of railways. The Minister said that under the leadership of Prime Minister Shri Narendra Modi, India has democratized technology with over 118 crore telecom subscribers, 70 crore smartphone users, and a robust AI ecosystem to support innovation. In social infrastructure, India has also expanded educational opportunities by opening 490 new universities and increasing the capacity of IITs, IIMs, and AIIMS.

    Second Pillar: Inclusive Growth

    The second pillar of India’s growth strategy focuses on inclusive growth, ensuring that economic progress translates into real improvements in people’s lives. Over the past decade, 54 crore new bank accounts have been opened, 4 crore houses built, and 12 crore tap water connections provided. In addition, 35 crore citizens are part of the Ayushman Bharat program, with more than 25 crore citizens coming out of poverty and improved access to essential services for millions.

    Third Pillar: Strong Focus on Manufacturing and Innovation

    The third pillar of India’s growth strategy emphasizes manufacturing and innovation, shifting the country from a services-based economy to a manufacturing hub. Initiatives like Make in India and Startup India have spurred growth, with electronics becoming the third-largest export and India becoming the second-largest mobile manufacturer globally. Key successes include developments in the semiconductor, defense, telecom sector, and the launch of high-speed Vande Bharat trains.

    Fourth Pillar: Simplification of legal and compliance structures

    The fourth pillar of India’s growth strategy focuses on simplification by eliminating outdated colonial-era laws. Over 1,500 archaic laws have been removed, and new frameworks like the Bharatiya Nyaya Sanhita (BNS) and Bharatiya Nagarik Suraksha Sanhita (BNSS) have replaced old legal structures such as the IPC and CrPC. This simplification process is paving the way for a more modern and efficient legal system.

    CBI Director, Shri Praveen Sood welcomed the guests on the occasion. Attorney General of India, Central Vigilance Commissioner, Director IB, Director ED, Heads of NIA & Central Paramilitary Forces graced the occasion. Police Liaison Officers (PLOs) of other countries, also attended the event.

    Following officers & officials of CBI were presented the medals by the Honb’le Minister for Distinguished and Meritorious Service: 

    (i)         President’s Police Medals (PPM) for Distinguished Service were presented to :

    1.         Shri K. Pradeep Kumar, SP, CBI, ACB, Jammu;

    2.         Shri Naresh Kumar Sharma, ASP, CBI, Special Unit, New Delhi;

    3.         Shri Mukesh Kumar, ASP, CBI, AC-II, New Delhi;

    4.         Shri Ramji Lal Jat, Head Constable, CBI, ACB, Jaipur (Now Retired) and

    5.         Shri Raj Kumar, Head Constable, CBI, Head Office, New Delhi

     

    (ii)        Police Medals (PM) for Meritorious Service were presented to:

     

    1.         Shri Raghavendra Vatsa, IPS (GJ:05), then DIG-HoB, CBI, ACB, New Delhi  (presently in the cadre as IGP, Gujarat Police);

    2.         Ms. Sharada Pandurang Raut, IPS (MH:05) then DIG- HoB, CBI, EOB, Mumbai (presently in the cadre as Jt. Commissioner, S.I.D., Maharashtra  Mumbai);

    3.         Shri Prem Kumar Gautam, IPS (UP:05), then DIG – HoB, CBI, SU, New Delhi (presently in the cadre as IGP, Prayagraj Range, Uttar Pradesh);

    4.         Shri Manoj Chaladan, DLA, CBI, ACB, Mumbai;

    5.         Shri Srinivas Pillari, Principal System Analyst, CBI, ACB, Kolkata (Now posted at Systems Division, Delhi Branch);

    6.         Shri K. Madhusudhanan, DSP, CBI, ACB, Visakhapatnam;

    7.         Shri Ajay Kumar, DSP (Now ASP) CBI, Policy Division, New Delhi;

    8.         Shri Balwinder Singh, Inspector, CBI, SCB, Chandigarh;

    9.         Shri Chitti Babu N., Inspector, CBI, ACB, Hyderabad;

    10.       Shri Manoj Kumar, Inspector, CBI, HO, New Delhi (presently in his parent force & posted at CISF, CGBS Unit Mahipalpur, New Delhi);

    11.       Shri Rahul Kumar, Inspector, CBI, EOB, Kolkata (presently in his force & posted at CISF Unit SMP, Kolkata);

    12.       Shri Rajeev Sharma, Inspector, CBI,HO, New Delhi;

    13.       Shri S. Nanda Kumar, Assistant Sub Inspector, CBI, SU, Chennai;

    14.       Shri Suresh Prasad Shukla, Head Constable, CBI, ACB, Jabalpur  (now posted at CBI, BSFB Mumbai);

    15.       Shri Rajesh Kumar, Head Constable, CBI, HO, New Delhi;

    16.       Shri Om Prakash Daloutra, Head Constable, CBI, ACB, Jammu;

    17.       Shri Randhir Singh, Head Constable, CBI, ACB, Jaipur;

    18.       Shri Pawan Kumar, Constable, CBI, SC-I, NewDelhi;

    19.       Shri Tejpal Singh, Constable, CBI, Policy Division, New Delhi;

    20.       Shri Atul Sareen, Crime Assistant, CBI, Policy Division, New Delhi and

    21.       Shri Subra Mohanty, Steno Gr.-II, CBI, ACB, Bhubaneswar

    About the event

    CBI pays its respect and homage to its founder Director late Shri Dharamnath Prasad Kohli and has been organizing the D.P. Kohli Memorial Lecture since the year 2000.

    Shri Dharamnath Prasad Kohli was born in 1907 in Uttar Pradesh (UP), India. After joining Police Service in 1931, he served in UP, erstwhile Madhya Bharat and the Government of India. He had distinguished career in the Indian Police. He headed Delhi Special Police Establishment (DSPE) from July 1955 to March 1963. On creation of Central Bureau of Investigation, on 1st April, 1963, Shri D.P. Kohli became its founder Director and continued as its Director from 1963 till his retirement on May 31, 1968.

    The lecture series has been honoured to feature highly distinguished speakers and luminaries from various fields who share their insights and experience on pertinent topics. The lecture series is intended to contribute to fostering dialogue, sharing knowledge, and advancing the understanding of challenges and solutions in the realm of law enforcement, criminal justice system and criminal investigation. The D.P. Kohli Memorial Lecture serves as an apt tribute to Shri D.P. Kohli’s vision and legacy in establishing the CBI as a premier investigating and prosecuting agency. It also underscores the agency’s commitment to upholding integrity, accountability, and excellence in its operations as enshrined in CBI’s motto Industry, Impartiality and Integrity.

    The Central Bureau of Investigation was established by a Government of India resolution dated 1st April, 1963 to investigate not only cases of bribery and corruption, but also violation of central fiscal laws, serious crimes besides collecting supporting intelligence. Over the last more than six decades, the Central Bureau of Investigation has emerged as a premier investigating and prosecuting agency of the country covering entire gamut of crimes including emerging new age crimes like cyber enabled financial crimes, online CSAM (Child Sexual Abuse Material), etc. CBI as the National Central Bureau for INTERPOL in India also coordinates international cooperation in law enforcement.

    The function was also webcast live Union Minister Ashwini Vaishnaw Delivers the 21st D.P. Kohli Memorial Lecture at Bharat Mandapam

    ****

     

    Dharmendra Tewari/ Navin Sreejith

    (Release ID: 2117361) Visitor Counter : 126

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Government has Strengthened IBC with Six Amendments and 122 Regulatory reforms since its inception

    Source: Government of India

    Government has Strengthened IBC with Six Amendments and 122 Regulatory reforms since its inception

    Over 8,000 CIRPs initiated, rescuing 3,485 debtors and realization of ₹3.58 lakh crore

    Posted On: 01 APR 2025 6:29PM by PIB Delhi

    The legislative intent of the Insolvency and Bankruptcy Code, 2016 (IBC) is to provide a consolidated framework for reorganization, insolvency resolution and liquidation of corporate persons, partnership firms and individuals for maximization of the value of assets. Further, IBC has had a significant impact on the health of the country’s banking sector and redefined the debtor creditor relationship. 

     According to the RBI Report on Trend and Progress of Banking in India (December 2024), the IBC emerged as the dominant recovery route, accounting for 48% of all recoveries made by banks, followed by the SARFAESI Act (32%), Debt Recovery Tribunals (17%), and Lok Adalats (3%) in the Financial Year 2023-24.   Additionally, a report by the Indian Institute of Management Ahmedabad (IIM-A) (August 2023; available at www.ibbi.gov.in), analysed the financial performance of firms that underwent resolution under the IBC and found significant improvements in the profitability, liquidity, and overall financial health of resolved firms in the post-resolution period. These findings underscore the positive impact of IBC on business continuity and value preservation.

     Till 31st December 2024, 8175 Corporate Insolvency Resolution Processes (CIRPs) have been initiated. Of these, 3485 Corporate Debtors (CDs) have been rescued which includes 1119 through resolution plans; 1236 through appeal or review or settlement and 1130 through withdrawal under section 12A. Further, 2707 CDs have been referred for liquidation.  In 1119 cases that have yielded resolution plans, the realisable value for the creditors have been ₹3.58 lakh crore. This amounts to 162.79% of liquidation value and 87.58% of fair value.

     To facilitate expeditious resolution process under Insolvency and Bankruptcy Code, 2016 (IBC) and to ensure proper implementation of the provisions of IBC, the Government has made six amendments to the IBC and 122 amendments in regulations since inception of IBC. Further, regular training and capacity-building programs for insolvency professionals, adjudicating authorities and other stakeholders are held to improve the overall efficiency and effectiveness of the IBC ecosystem.  Leveraging information technology such as digital platforms for automation and streamlining processes is another initiative to make the system more efficient, accurate, and faster, ultimately leading to better outcomes for all stakeholders.

    The Minister of State in the Ministry of Corporate Affairs and Minister of State in the Ministry of Road Transport and Highways, Shri Harsh Malhotra stated this in a written reply in Rajya Sabha  today.

    ****

    NB/AD

    (Release ID: 2117411) Visitor Counter : 61

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Hong Kong Customs seizes suspected methamphetamine worth about $300,000 at airport (with photos)

    Source: Hong Kong Government special administrative region

    Hong Kong Customs today (April 1) detected a drug trafficking case at Hong Kong International Airport and seized about 600 grams of suspected methamphetamine with an estimated market value of about $300,000.

    Customs officers intercepted a 50-year-old female passenger  who planned to depart from Hong Kong to Koror, Palau. Upon a search, Customs officers found the batch of suspected methamphetamine on her body. The woman was subsequently arrested.

    An investigation is ongoing.

    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/en).

    MIL OSI Asia Pacific News