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Category: Asia

  • MIL-OSI Asia-Pac: PARLIAMENT QUESTION: SCHEMES FOR WELFARE OF HANDLOOM WEAVERS

    Source: Government of India (2)

    Posted On: 24 MAR 2025 12:08PM by PIB Delhi

    As per 4th All India Handloom Census 2019-20, there are 35,22,512 number of handloom weavers/workers across the country, of which 1,690 handloom weavers/workers are in Puducherry.

    Ministry of Textiles, Government of India is implementing following schemes under National Handloom Development Programme (NHDP) for the welfare of handloom weavers/workers across the country:

    • Financial support of Rs.8,000/- per month to Awardee handloom weavers/workers above 60 years of age, in indigent circumstances having annual income below Rs.1.00 lakh and Scholarship upto  Rs.2.00 lakh per annum to handloom weavers/workers’ child (upto 2 children) for study in Diploma/Under Graduate/Post Graduate courses of Central/State Govt. recognized/funded Textiles Institutions.
    • Universal and affordable social security in case of natural/accidental death and total/partial disability through insurance schemes i.e. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY).

    The details of amount released by Ministry of Textiles, Government of India during each of the last three financial years and the current financial year for implementation of following two schemes for handloom weavers/workers are as under:-

     (Rs. in crore)

    S. No.

    Name of the Scheme

    2021-22

    2022-23

    2023-24

    2024-25            (upto 17.03.2025)

    1.

    National Handloom Development Programme

    165.37

    152.51

    186.36

    192.06

    2.

    Raw Material Supply Scheme

    89.53

    139.70

    159.72

    171.98

    This information was provided by THE MINISTER OF STATE FOR TEXTILES SHRI PABITRA MARGHERITA in a written reply to a question in Rajya Sabha today.

    DHANYA SANAL K

    (Rajya Sabha US Q2558)

    (Release ID: 2114276) Visitor Counter : 78

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: NITI Aayog organized a National Workshop on ‘Building Synergies in Indian Innovation Ecosystem’ held in GIFT City, Gandhinagar, Gujarat

    Source: Government of India (2)

    Posted On: 24 MAR 2025 11:52AM by PIB Delhi

    In a landmark initiative to strengthen India’s innovation landscape, the National Workshop on “Building Synergies in Indian Innovation Ecosystem” was organized at GIFT City, Gandhinagar, Gujarat, on 22nd March 2025. The National Conference was organized by NITI Aayog and hosted by the Gujarat Council on Science & Technology (GUJCOST), DST, Government of Gujarat.

    The workshop aimed to facilitate dialogue and knowledge-sharing among key stakeholders, including government officials, academic leaders, industrial experts, startup founders, and international representatives. With an agenda designed to foster synergy across sectors, the workshop addressed crucial topics like R&D investments, state policies on innovation, global innovation trends, and grassroots entrepreneurship.

    The workshop was graced by Dr. V. K. Saraswat, Member (Science & Technology), NITI Aayog, and Smt. Mona Khandhar, IAS, Principal Secretary, Department of Science and Technology, Government of Gujarat. Their presence highlighted the significance of the workshop and reinforced the government’s commitment to fostering an environment conducive to innovation, entrepreneurship, and technological advancements.

    In his inaugural address, Dr. V.K. Saraswat emphasized the vital role of collaboration between government bodies, academia, and industry in driving India’s innovation landscape forward. He called for a greater focus on translational research that fosters meaningful innovation and creates impactful startups, reflecting the global shift toward innovation. Dr. Saraswat also highlighted the importance of supporting DeepTech startups and stressed the need for India to transition from a service-based to a product-based industry model. Additionally, Dr. Saraswat shared valuable insights into key government initiatives designed to enhance research, innovation, and entrepreneurship across the country.

    Smt. Mona Khandhar, IAS, spoke about Gujarat’s commitment to fostering a strong innovation ecosystem, driven by policy initiatives. She highlighted the state government’s dedication to promoting the startup and innovation landscape through various strategic policies, including the Science, Technology, and Innovation Policy, Gujarat Semiconductor Policy, Gujarat Electronics Policy, and the Gujarat Global Capability Center (GCC) Policy.

    Dr. Sacha Wunsch-Vincent from World Intellectual Property Organization (WIPO) outlined the action points for next 10 years for unique developmental journey of India. IP profile of India is small but has increased in last few years, Indian Origin patent filing has increased, and the country will add more S&T clusters in the near future, he added.

    The workshop featured several interactive discussions led by eminent leaders in the field of innovation and technology. The session on “Bharat Innovates: Overview of the National Innovation Ecosystem” explored strategies for building an innovation-friendly India, moderated by Dr. R Ramanan, Former MD, Atal Innovation Mission. This was followed by a session on “Navachar Niti aur Rajya Yojnaayein: Learning from the Best,” which highlighted state-level initiatives and best practices in fostering innovation, chaired by Dr. Rashmi Sharma, Head, NCSTC, Department of Science and Technology, Govt. of India.

    Another insightful session, “Navachar Ke Sarathi: Pioneering Innovations,” discussed the inspiring stories of grassroots innovators and start-ups were discussed, was moderated by Dr. Arvind Ranade, Director, National Innovation Foundation (NIF). Additionally, “Vishwa Mein Ubharta Bharat: Strengthening India’s Global Innovation Footprint” focused on India’s rising presence in the global innovation landscape, with key contributions from international experts specially Dr. Sacha Wunsch-Vincent from World Intellectual Property Organisation and Dr. Rajul Gajjar, Vice Chancellor, Gujarat Technological University.

    The conference concluded with an insightful discussion on future action plans, led by member Dr. V.K. Saraswat, alongside senior officials from NITI Aayog, senior representatives from the Gujarat State Government, and the Former DG of CSIR & Secretary of the Department of Scientific and Industrial Research. The closing session underscored Gujarat’s pivotal role in driving innovation, emphasizing the state’s progressive policies, investment in research, and commitment to fostering a startup-friendly ecosystem.

     

    ***

    MJPS/SR

    (Release ID: 2114268) Visitor Counter : 133

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Speech by FS at Milken Institute Global Investors’ Symposium Hong Kong (English only)

    Source: Hong Kong Government special administrative region

    Speech by FS at Milken Institute Global Investors’ Symposium Hong Kong (English only) 
    Laura (Executive Vice President of Milken Institute International, Ms Laura Deal Lacey), Robin (Chair of Asia, Milken Institute, Mr Robin Hu), distinguished guests, ladies and gentlemen,
     
    Good afternoon. I am delighted to join you once again for the Milken Institute Global Investors’ Symposium. Allow me first to express my sincere appreciation to the Milken Institute for bringing this exceptional platform back to Hong Kong for its second edition.
     
    Today, we welcome over 400 senior executives from a diverse array of industries and markets worldwide. The theme for the Symposium this year, “Connecting Global Markets: Partnerships for Resilience”, is particularly timely. In today’s complex global landscape, brimming with challenges and uncertainties, it is clear that we can build resilience and achieve mutual growth only by strengthening connections, forming partnerships and enhancing collaboration. And Hong Kong, as an international financial centre, is uniquely positioned to catalyse this endeavour.
     
    Hong Kong: a resilient city
     
    To begin with, allow me to share with you the remarkable resilience of Hong Kong’s economy and financial markets.
     
    Over the past year, despite external headwinds, Hong Kong’s economy continued to grow steadily, expanding by 2.5 per cent. Inflation remained low at 1.1 per cent. The latest unemployment rate is at 3.2 per cent.
     
    International confidence in our financial markets has evidently strengthened. Last year, bank deposits in Hong Kong rose by 7 per cent, i.e. about US$140 billion. Driven by investments by institutional investors seeking to rebalance their investment portfolio, as well as market enthusiasm ignited by recent tech breakthroughs led by DeepSeek and others, the Hang Seng Index has surged some 20 per cent within a span of three months. This was on top of the increase of 18 per cent in 2024. The average daily turnover of our stock market rose to over US$28 billion in the first two months of this year, a remarkable 70 per cent increase from that of last year.
     
    Our IPO (initial public offerings) market also made a comeback, raising some US$11 billion last year and ranking fourth globally. Now, more than 100 companies are in the pipeline for listing. This year, we are expecting to raise some US$17 to $20 billion.
     
    Just last week, Hong Kong again ranked third in the Global Financial Centres Index, with overall scores catching up to that of the champion New York. In particular, we ranked first globally in “investment management”, “insurance” and “finance”. In fintech, we leapt by five places to fourth in the world.
     
    Besides, Hong Kong was once again ranked as the freest economy in the world, and the fifth most competitive economy. We stay firm as a free port, open to business, and committed to supporting the rules-based multilateral trading system.
     
    Last year, the number of regional headquarters, regional offices and local offices operated by Mainland and overseas companies rose by nearly 10 per cent, reaching an all-time high to around 10 000.
     
    2024 was also a great year for inbound tourism, with visitor arrivals rebounded to 45 million, rising by 30 per cent year-on-year. The surge of visitors highlighted Hong Kong’s charm as a top-notch business and tourism destination.
     
    Beyond numbers, Hong Kong remains an open, vibrant and diverse city. This month marks our “Super March” – with an impressive array of world-class events: from the artistic vibrancy of Art Basel and the spectacular LIV Golf, to the electrifying Hong Kong Sevens and the innovation-driven ComplexCon. Alongside these events, we have global business gatherings such as the Wealth for Good Summit and, of course, this Symposium. These events celebrate and showcase Hong Kong as an international meeting point for finance, culture, sports, creativity and fun! I hope you all can stay a bit longer – until this Sunday – to enjoy these happenings.
     
    Overall, the Hong Kong economy is marching forward steadily with renewed momentum. Let me tell you why.
     
    New Frontiers in Finance
     
    First, we are implementing reforms to strengthen the vitality and competitiveness of our financial markets. Fund-raising is an important function of any IFC (international financial centre), and Hong Kong offers a full range of funding options, from angel investment to private equity to IPOs. We continue to review our listing regime, enhance product offerings and attract more quality issuers and new capital. The goal is clear: to create a more dynamic and attractive capital market that provides diversified opportunities for investors.
     
    Another key area is asset and wealth management. Hong Kong remains one of the world’s prime wealth management centres, managing approximately US$4 trillion in assets. The number of family offices in our city has gone beyond 2 700, with half of them managing assets exceeding US$50 million. By 2028, Hong Kong is anticipated to become the world’s largest cross-boundary wealth management centre. This year, we seek to further enhance the tax concessions for funds and single family offices.
     
    And insurance, too. Hong Kong has the highest insurance density in Asia. The gross premiums of insurers continue to grow, rising by 12 per cent and reaching US$62 billion in the first three quarters last year. What’s more, the Greater Bay Area offers tremendous business opportunities for insurers operating in Hong Kong.
     
    New Markets and New Capital
     
    Second, we are also opening up new markets and new capital channels. Many economies in the Global South have young populations, expanding middle classes and growing investment needs for ambitious infrastructure projects, digitalisation and green transition plans. While Hong Kong continues to treasure and reinforce the relationship with traditional partners in Europe and the Americas, we are forging closer partnerships with emerging economies.
     
    For example, last October we listed two ETFs (exchange-traded funds) tracking Hong Kong stocks on the Saudi Arabia Stock Exchange. We are collaborating with stock exchanges across ASEAN (Association of Southeast Asian Nations) and the Gulf Region to encourage more quality companies to pursue dual primary or secondary listing in this city.
     
    We believe there is also room to work with emerging economies on more cross-boundary, market connectivity arrangements akin to the Connect Schemes that we have established with the Mainland.
     
    The collaboration between Hong Kong and new markets extends well beyond finance. The tech prowess of Hong Kong and the GBA (Guangdong-Hong Kong-Macao Greater Bay Area) as a whole as well as startups are highly valued around the world. We endeavour to connect them with partners in the emerging economies to foster industry partnership.
     
    To support the matching of capital and projects, we will host the inaugural Hong Kong Global Financial and Industry Summit in June. The event will bring together hundreds of global enterprises, tech firms and funds to drive industrial collaboration through financial empowerment.
     
    And we are strategically placed to help Mainland companies go global. Many Mainland enterprises are realigning their industrial and supply chains across the Global South. They need project and trade financing, corporate treasury services as well as professional consultancy. Hong Kong is ready to offer all that – from global capital and talent, world-class professional services to extensive international connections.
     
    Tech innovation driven by AI (artificial intelligence)
     
    The third of our new economic impetus is innovation and technology, driven by AI in particular.
     
    The rapid development of AI is reshaping the global economic landscape. AI+, which emphasises the deep integration of AI across different industries, is transforming traditional production, businesses and consumption models, very much redefining the core competitiveness of economies worldwide.
     
    In the Government’s Budget delivered a few weeks ago, I outlined the vision for Hong Kong to establish AI as a core industry and to empower the transformation of traditional sectors. Hong Kong has all it takes to thrive on this front.
     
    A unique advantage of Hong Kong is that we serve as a convergence point of both Mainland and international data and talent. Coupled with strong research capabilities of five of our world’s leading universities, we have a strong foundation for cutting-edge AI research and applications. A case in point is the area of life science, where the integration of AI is particularly promising, as it enhances drug design, accelerates clinical trials, and improves patient outcomes through personalised medicine. 
     
    Hong Kong’s ambitions for innovation and technology are more hopeful with our deepening collaboration with the sister’s cities in the GBA, one of the world’s leading innovation ecosystems. The Northern Metropolis, bordering Shenzhen, will serve as the bridgehead for this collaboration. Home to a 300-hectare I&T cluster, it covers the “Loop”, or “Hetao”, where we will experiment with innovative policies that facilitate the safe and orderly flow of people, capital, goods, data and even bio samples with Shenzhen.
     
    To realise these ambitions, we are actively attracting strategic enterprises in four industries to set foot in Hong Kong. They are AI and data science, life and health technology, fintech, advanced manufacturing and new energy. So far we have attracted more than 80 such enterprises, and together they would invest some US$60 billion in our city, creating some 20 000 jobs. 
     
    We also recognise the importance of patient capital. That is why we have established the Hong Kong Investment Corporation (HKIC), which actively guides strategic investments into companies in key sectors at their nascent stage. The HKIC has already invested in more than 90 projects and formed a number of strategic partnerships. For every dollar it invested, it has mobilised four dollars of private capital. Riding on this positive momentum, we are optimistic that Hong Kong will be able to achieve more advancements in the realms of innovation and technology.
     
    Concluding remarks
     
    Ladies and gentlemen, Hong Kong remains one of the world’s most open, dynamic and globally connected financial centres. Our strong fundamentals, resilient economy, unique role as a gateway to the Chinese Mainland and Asia, as well as our great stride to develop financial services and the tech sector, continue to provide unparalleled opportunities for global investors.
     
    May I wish you all the best of business and health in the years to come. Thank you.
    Issued at HKT 14:16

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: ALL-INDIA CONSUMER PRICE INDEX NUMBERS FOR AGRICULTURAL AND RURAL LABOURERS – FEBRUARY, 2025

    Source: Government of India (2)

    Posted On: 24 MAR 2025 11:13AM by PIB Delhi

    The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) (Base: 1986-87=100) decreased by 7 points each,  for the month of February 2025, falling to 1309 and 1321 points, respectively.

    The year-on-year inflation rates based on CPI-AL and CPI-RL for February 2025 were recorded at 4.05% and 4.10%, respectively, compared to 7.43% and 7.36% in February 2024. The corresponding figures for January 2025 stood at 4.61% for CPI-AL and 4.73% for CPI-RL.

      All India Consumer Price Index (General and Group-wise):

    Group

    Agricultural Labourers

    Rural Labourers

     

    January,             2025

    February,             2025

    January,             2025

    February,             2025

    General Index

    1316

    1309

    1328

    1321

    Food

    1255

    1242

    1261

    1249

    Pan, Supari, etc.

    2103

    2118

    2111

    2125

    Fuel & Light

    1390

    1391

    1380

    1380

    Clothing, Bedding & Footwear

    1332

    1336

    1396

    1402

    Miscellaneous

    1385

    1390

    1385

    1389

                                                            

     

    ***

    Himanshu Pathak

    (Release ID: 2114257) Visitor Counter : 56

    Read this release in: Hindi

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: Priorities of International Education. Strategic Session of the Ministry of Education and Science of Russia

    Translartion. Region: Russians Fedetion –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    A strategic session of the Ministry of Science and Higher Education dedicated to strengthening Russia’s position in the international educational space was held in Moscow. The event was attended by rectors of major universities, vice-rectors responsible for international cooperation, representatives of a number of ministries that founded universities, the Russian Ministry of Foreign Affairs, the Ministry of Internal Affairs, the Ministry of Agriculture, Rossotrudnichestvo, Rosobrnadzor, other government bodies, and companies with interests abroad. The Polytechnic University was represented by Rector and Academician of the Russian Academy of Sciences Andrey Rudskoy and Vice-Rector for International Affairs Dmitry Arsenyev.

    Minister of Education and Science Valery Falkov focused on Russia’s strategic priorities in international education. He stressed the need to increase the number of foreign students to 500,000 by 2030 while simultaneously improving the quality of their training. Today, about 395,000 foreigners are studying in Russia. However, it is important not only to increase the number, but also to form a motivated contingent. It is better not to meet the indicators, but to take those who are truly striving for knowledge, the minister said. Valery Nikolaevich noted that some students from the CIS countries use educational visas to solve personal problems, which requires increased control.

    The Minister also touched upon the issue of creating a barrier-free system for foreign students, including simplifying migration procedures and developing employment programs. According to him, up to 10% of foreign graduates remain in Russia, and given the shortage of personnel, this potential must be used. Particular attention was paid to expanding cooperation with new markets – the BRICS countries, Africa, Latin America and Southeast Asia. Valery Falkov noted the importance of synchronizing educational programs with industry demands, citing as an example projects with Rosatom and Rusal corporations, which train foreign specialists for their enterprises.

    Speaking about foreign branches, the minister highlighted three conditions for their success: political support from the state, a clear definition of a niche for graduates, and partnership with large companies. Valery Falkov separately mentioned the project of Advanced Engineering Schools, which are already being replicated abroad. For example, two such schools have been opened in Uzbekistan at the request of local authorities.

    The minister announced the creation of a single digital profile for foreign students, a platform that will support students from enrollment to employment. In addition, by 2028, it is planned to increase the number of grants for talented foreign students from 2,000 to 5,000.

    Andrey Rudskoy, participating in the work of the group on new formats for promoting Russian universities, shared the experience of SPbPU. He noted that network structures such as the Slavic Universities in Armenia, Belarus and Kyrgyzstan, Tajikistan, as well as the Russian-African Network University (RAFU), have become drivers of education export. Over three years, RAFU has trained 535 students from 33 African countries. Andrey Ivanovich also spoke about projects with China, including joint institutes with Jiangsu Normal University and Xi’an University of Technology, where specialists are trained in the areas of automation of technological machines and equipment, materials science and materials technology, electric power engineering and electrical engineering.

    The rector of SPbPU spoke in favor of legislative changes, including the allocation of target quotas for network programs and the simplification of financial mechanisms for international cooperation.

    The 2023 methodological recommendations do not take into account work with foreign universities. This requires adjustments, he emphasized.

    Andrey Rudskoy also suggested focusing on representative offices and joint institutes instead of branches, citing the SPbPU Representative Office in Shanghai as an example. Its work has expanded partnerships and enabled communication with industry and government agencies using the “long arm” principle. Thanks to the work of the representative offices, the number of students from China at the Polytechnic has increased many times over, and the number of internships and short-term programs has increased.

    Speaking about the adaptation of foreign students, Andrei Ivanovich supported the idea of a single digital profile and the need to develop pre-university training centers abroad.

    The participants of the strategy session discussed issues related to strengthening effective international cooperation. The result of the two-day work of the expert university community was the presentation of proposals to strengthen Russia’s position in the international educational space.

    Photo: website of the Ministry of Science and Higher Education of the Russian Federation.

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

    MIL OSI Russia News –

  • MIL-OSI: A USD$25 billion public-private Ghana climate futures and socio-economic initiative is agreed

    Source: GlobeNewswire (MIL-OSI)

    The Ghana Green Guard USD$25 billion climate futures initiative agreement commits to deliver a series of diversified regenerative solutions to drive a healthier and more sustainable future for all Ghanaians. The agreement is a public-private collaborative partnership between the developer CarbonPura Africa, the Environmental Protection Authority (EPA) representing the government of Ghana and PSPH (Private Sector Participation in Health). Leveraging carbon financing, and carbon and biodiversity monetisation, the agreement will drive environmental restoration, clean water access, and community-based social programmes in Ghana.

    ACCRA, Republic of Ghana, March 24, 2025 (GLOBE NEWSWIRE) — CarbonPura pioneers Ghana Green Guard, a transformative series of privately funded environmental protection, restoration, and climate-smart projects and initiatives bespoke to the landscape of Ghana. The Ghana Green Guard Agreement harnesses the power of leveraging a climate futures ecosystem combined with flows unlocked from carbon finance to address critical climate and sustainability challenges while advancing Ghana’s environmental restoration and socio-economic development goals.

    Chief Executive Officer of the EPA of Ghana, Prof. Nana Ama Browne Klutse says “the Ghana Green Guard Agreement is a significant milestone in Ghana’s environmental journey and marks the beginning of a new era in public-private stakeholder engagement to implement development practices and leverage international carbon markets to achieve sustainability, protect our water bodies and secure a healthier and more prosperous future for all Ghanaians.”

    • One of the most significant nature-based project methodology solutions globally it will generate over 305 million high-quality, investment-grade carbon credits across 12 million hectares of diverse landscapes with a projected cumulative revenue of $10.4 billion over 25 years.
    • Each project supports Ghana’s socio-economic and community enhancement programmes and initiatives to empower women, children, and the most vulnerable farmers and communities.
    • Aligns international and local partners, government support, NGO and University Collaboration, all 17 UN Sustainable Development Goals, and Ghana’s net-zero and global climate commitments.
    • Immediate intervention to enhance Ghana’s water security using the most effective and sustainable solutions and technologies that ensure long-term protection and safeguarding for the provision of clean water and the restoration of polluted water sources caused by illegal mining.

    Ghana Green Guard combines the relationship driven socio-economic benefits of a public–private partnership to deliver projects that align seamlessly with President Mahama’s Policies for the Future of Ghana, Ghana’s net-zero and global climate commitments and all 17 UN Sustainable Development Goals. The agreement will utilise restorative and ecosystem vision – not only in project execution but from new relationship driven economic models fuelled by investment grade biodiversity and carbon credit projects.

    Dr. Fred Bedzrah, the Vice President of Operations for CarbonPura Africa, stated that “the Green Guard Ghana Agreement sets a new benchmark for environmental and socio-economic impact and is a bold step forward toward positioning Ghana as a leader in sustainable carbon finance by integrating transparent governance, investment grade carbon credit generation, and inclusive community engagement. CarbonPura is proud to deliver a framework that enhances global climate action and ensures tangible benefits for healthier local communities and ecosystems. Ghana demonstrates how high-integrity restorative biodiversity and climate smart projects can drive sustainability and long-term investment confidence.”

    The Ghana Green Guard Project leverages 12 million hectares of risk assessed eligible land across various regions of Ghana, strategically and with scientific rigour, chosen for their ecological, biodiversity and socio-economic potential. The expansive project ensures scalable investment-grade carbon credit generation goals and sustained environmental improvement by carefully integrating targeted activities such as reforestation, regenerative agriculture, illegal mining restoration and coastal environment restoration.

    The Executive Director of PSPH Dr. Francis Adjei adds that “True sustainability is not just about restoring the environment—it’s about restoring hope, dignity, and opportunity for the most vulnerable. Through the Ghana Green Guard initiatives, we are ensuring that climate action translates into better healthcare, stronger communities, and a future where no one is left behind.”

    Cath Thrupp, the Chief Executive Officer of Carbon Planet, says that “Ghana is leading the way in terms of showcasing a sustainable future for their country and the world. They are actively originating large-scale decarbonisation and landscape restoration programmes that will support their country to transition to net zero. In working with the global carbon markets to support this transition, Ghana is actively creating new jobs and opportunities for local communities. As a company, Carbon Planet is honoured to work with the Government and people of Ghana to create a sustainable future, with no one left behind”.

    Each project methodology activity is designed to deliver long-term environmental and socio-economic benefits, creating a positive feedback loop where ecological improvements—such as increased biodiversity, improved soil fertility, and enhanced coastal resilience—foster sustainable community development, employment creation, strengthen food security, provide clean water, eliminate species extinction, and drive long-term economic resilience across regions dependent on agricultural and coastal livelihoods.

    Mark Phillips, the Chief Executive Officer of Carbon Capital Corporation, says that “through strategic collaboration with Carbon Planet we lead the Ghana Green Guard project origination and ensure that all credits are investment ready, meet the highest standards of regulatory compliance and financial integrity and achieve long term environmental and social impact. This initiative exemplifies how carbon finance can drive real change, protecting ecosystems, empowering communities, and supporting Ghana’s climate commitments. Through Ghana Green Guard, we demonstrate that carbon markets can be a force for equitable and sustainable development.”

    The Parties to the Ghana Green Guard Agreement

    About the EPA

    The EPA is the leading statutory body for protecting and improving the environment in Ghana and is led by its Chief Executive Officer, Prof. Nana Ama Browne Klutse. Recognising the need for stronger oversight, the Environmental Protection Act 2025 (Act 1124) was enacted. Effective from January 6, 2025, this Act elevated the EPA to an Authority, expanding its mandate to regulate, protect, coordinate, and oversee all matters pertaining to the environment. This new legislation marks a pivotal moment in the EPA’s evolution towards greater environmental stewardship and governance.

    For further information on Ghana EPA, please visit: www.epa.gov.gh/new/
    For media enquiries, please contact: info@epa.gov.gh 

    About CarbonPura
    CarbonPura Africa is the Ghana Green Guard lead developer and is committed to advancing global sustainability through large-scale innovative carbon management and stewardship initiatives that transform environmental goals into impactful realities.

    CarbonPura is dedicated to pioneering projects that meet the UN Sustainable Development Goals and propelling the world towards a greener and more prosperous future.

    CarbonPura provides end-to-end expertise in net-zero advisory and bespoke solutions that ensure each project contributes to carbon reduction and enhances ecological and social value. CarbonPura integrates top-tier methodologies with community-based conservation efforts for land, forestry wetland and marine ecosystems protection and restoration with scalable carbon solutions.

    The social capital and ecological model demand the highest degree of team expertise, including ecologists and environmental auditors, trusted partners and strategic alliances, to enhance the capabilities for CarbonPura in carbon-backed funding, project development, and community reinvestment. CarbonPura navigate market complexities with data-driven precision, ensuring each project maximises value and supports global sustainability.

    For more information, visit: www.carbonpura.com/greenguard
    For media enquiries, please contact:
    Melanie Budden
    melanie.budden@therealizationgroup.com

    About Private Sector Participation in Health
    Private Sector Participation in Health (PSPH) is a leading not-for-profit organisation driving transformative healthcare and social development in Ghana’s most vulnerable communities. As a key partner in the Ghana Green Guard Agreement, PSPH integrates healthcare, education, and social empowerment into climate resilience efforts. Through innovative public-private partnerships, PSPH expands access to essential healthcare, empowers women and youth, and fosters alternative livelihoods, creating lasting socio-economic impact. By bridging corporate Ghana with grassroots needs, PSPH ensures that sustainability, health, and development go hand in hand; building stronger, healthier, and more resilient communities for generations to come.

    For further information on PSPH, please visit: www.psphghana.com
    For media enquiries, please contact: DrFred@carbonpura.com

    About Carbon Capital Corporation [CCC]
    CCC is an Australian registered company that operates under an Australian Authorised Financial Services License [278530]. CCC is part of the GBC Group and stands out in global carbon markets offering unique and specialised feasibility, origination, procurement, trading and advisory services for both the buy and sell side. With operations across Africa, Europe, Asia, Australia and the Pacific CCC facilitates large scale carbon projects with stackable value methodologies that allow projects to generate multiple environmental and social co-benefits.

    CCC utilises an integrated approach that combines financial structuring, technical expertise, and advanced technology, delivering unmatched value in carbon markets. By optimising carbon and biodiversity credits to meet the high standards demanded by institutional buyers, CCC achieve both financial returns and measured sustainability impact.

    For more information, visit: www.carboncapitalcorporation.com
    For media enquiries, please contact: markphillips@greenbondcorporation.com

    About Carbon Planet
    Carbon Planet is an Australian registered ecological company globally leading project feasibility, origination and technical development, bringing extensive expertise in carbon project execution and innovation. Carbon Planet picture a world where natural capital has value, investments are transparent, landholders can feed their families, and local communities can create new jobs and regenerative industries. This requires creating a world where trees and natural capital are valued.

    For further information on CarbonPlanet, please visit: www.carbonplanet.io/
    For media enquiries, please contact: cath@carbonplanet.io

    Professor Nana Ama Browne Klutse, CEO of the Ghana Environmental Protection Agency with Dr Fred Bezrah, Vice President of CarbonPura Africa

    Aerial photo in Ghana showing the decimated landscape and River Pra waterway caused by illegal mining (“galamsey”) that is a focus of Ghana Green Guard restorative initiatives.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2bde12b4-932a-4a25-a144-dc2edc0cb373

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d0bb5dd6-e886-4d71-89d4-ddb793c08a70

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8ad39039-d081-4987-862b-aae74c12cebf

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fb7393fb-aab6-4276-aa2b-757084c3764f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b1c55422-8468-4acc-ab59-282b4e076a3b

    https://www.globenewswire.com/NewsRoom/AttachmentNg/21dffd0d-14f2-45af-afca-f3659132ba7a

    The MIL Network –

  • MIL-OSI Economics: South Korea and China stand at forefront of degrader antibody-conjugate development in oncology and other indications, says GlobalData

    Source: GlobalData

    South Korea and China stand at forefront of degrader antibody-conjugate development in oncology and other indications, says GlobalData

    Posted in Pharma

    The emergence of degrader-antibody conjugates (DACs) has attracted much attention, with a potential to transform the precision medicine landscape. DACs aim to address the limitations of traditional antibody-drug conjugates (ADCs) that combine the specificity of antibodies with the potency of protein degraders. DACs represent an emerging class of targeted therapy, with South Korea and China being at the forefront of DAC development in oncology and other indications. The two countries are expected to play an important role in the global DAC market in the coming years, says GlobalData, a leading data and analytics company.

    ADCs have three components: a monoclonal antibody (mAbs) that targets a specific antigen, a cytotoxic payload, and a chemical linker. DACs, on the other hand, replace the cytotoxic payload of ADC and merge a proteolysis-targeting chimera (PROTAC) payload with a mAbs via a chemical linker, aiming for targeted protein degradation and potentially improved efficacy and safety.

    Currently, DAC development is still in its early stages globally. According to GlobalData’s Pharma Intelligence Center, there are twenty-eight assets in development globally (Phase I: 2; Pre-clinical: 6, and Discovery: 20). South Korean and Chinese companies currently have nineteen assets (South Korea: 10 assets; China: 9 assets) in their pipeline, with one asset in Phase I development for HER2-expressing advanced solid tumors (ORM-5029 from Orum Therapeutics, South Korea).

    Nadim Anwer, Pharma Analyst at GlobalData, comments: “Despite notable advances in ADC development, currently available ADCs have limitations related to payload-related toxicity and resistance. DACs have the potential to overcome these challenges by allowing degraders to be delivered directly and selectively to targeted cancer cells.”

    South Korea is making significant progress in the DAC sector, riding the partnership wave with many companies. In November 2023, Bristol Myers Squibb acquired potential “first-in-class” DAC ORM-6151 (currently in Phase I) from Orum Therapeutics for approximately $180 million. When the company acquired this drug, it received the FDA’s clearance for a Phase I trial. In July 2024, Vertex Pharmaceuticals and Orum entered into a global collaboration agreement to develop novel DACs.

    Several Chinese companies, such as Kangpu Biopharmaceuticals Ltd, Shanghai Helioson Pharmaceutical Co Ltd, and Primelink Biotherapeutics (Suzhou) Co Ltd are prominent players in the development of DACs.

    Moreover, in the US, many big players have already jumped into the race to develop DACs. In December 2023, C4 Therapeutics entered into a collaboration agreement with Merck for DACs, where C4 will get $10 million upfront, milestones that could total $600 million and about $2.5 billion across the entire collaboration. In September 2023, Seagen (now part of Pfizer) and Nurix Therapeutics entered a strategic collaboration agreement worth more than $3.4bn for DAC development.

    Anwer concludes: “Though most DAC assets are in the early stages of development, they offer a novel and promising solution to overcome the limitations of ADCs. With two Phase I assets in development, coupled with strategic commercial partnerships with big players, provide compelling evidence that DACs could offer a promising therapeutic approach that extends beyond cancer treatment.

    “Moreover, with these innovative assets, South Korean and Chinese companies can attract and expand their strategic collaborations with foreign players. It is too early to comment on the clinical success of this class; however, it is gaining attention as a new research area.”

    MIL OSI Economics –

  • MIL-OSI Economics: Singapore mobile services to hit $2 billion in 2029 with 5G driving revenue stability, says GlobalData

    Source: GlobalData

    Singapore mobile services to hit $2 billion in 2029 with 5G driving revenue stability, says GlobalData

    Posted in Technology

    The growing adoption of 5G services in Singapore is set to drive revenue stability and innovation in the telecom sector, counteracting the decline in mobile voice service revenue. By the end of 2029, the country’s total mobile service revenue is expected to reach $2.0 billion, maintaining a steady compound annual growth rate (CAGR) of 0.8% from 2024 to 2029, according to GlobalData, a leading data and analytics company.

    GlobalData’s Singapore Telecom Operators Country Intelligence report reveals that mobile voice service revenue will decline at a 5.4% CAGR over the forecast period due to the widespread consumer shift towards over-the-top- based (OTT) communication platforms and the subsequent decline in voice service average revenue per user (ARPU) levels.

    Mobile data service revenue, on the other hand, will increase at a healthy CAGR of 5.2% between 2024 and 2029, driven by the growing consumption of mobile data services and projected rise in higher-ARPU yielding-5G subscriptions as 5G services become more widely available across the country.

    Kantipudi Pradeepthi, Telecom Analyst at GlobalData, says: “4G will remain the leading mobile technology, in terms of subscriptions, until 2024. 5G service will see its subscriptions surpass 4G subscriptions in 2025 and is expected to account for an impressive 90% share of the total mobile subscriptions by the end of 2029. This growth in 5G subscriptions will be primarily driven by the rising demand for highspeed data services, ongoing 5G network expansions by MNOs, and a subsequent increase in availability of 5G services across the nation.”

    Singtel will continue to dominate the mobile services market in terms of subscriptions through 2029, given its strong position in both the prepaid and postpaid segments and its focus on 5G network developments and expansion across the country. In February 2025, Singtel upgraded its 5G offering to 5G+ service with the deployment of the 700 MHz spectrum, enabling stronger signals (up to 40%) in high-rise indoor and underground locations, wider coverage, including in remote areas and improved connectivity for both consumers and enterprises.

    Pradeepthi concludes: “Singapore’s telecom market is undergoing a pivotal transformation, with 5G adoption serving as the key driver of future growth. The shift towards data-centric services, coupled with strong infrastructure investments by major players like Singtel, will not only sustain market stability but also pave the way for innovation in IoT, M2M services, and advanced connectivity solutions, positioning Singapore as a regional telecom leader.”

    MIL OSI Economics –

  • MIL-OSI Economics: Prices of orthopedic robots will drop 20-30% as compact systems and competition expand, says GlobalData

    Source: GlobalData

    Prices of orthopedic robots will drop 20-30% as compact systems and competition expand, says GlobalData

    Posted in Medical Devices

    At the 2025 annual meeting of the American Academy of Orthopedic Surgeons (AAOS), many device makers presented the newest generation of orthopedic robots.  Prices of orthopedic robotic systems are expected to decline due to market competition, technological innovation, and economies of scale. In the next five years, the prices may drop 20-30% as compact systems and competition expand, according to GlobalData, a leading data and analytics company.

    According to GlobalData’s Global Brand Pricing product, the average cost of an orthopedic robotic system varies from $554,000 to over $1 million. Annual service costs are around 10% of the system.

    Tina Deng, MSc, Principal Medical Devices Analyst at GlobalData, comments: “Portable systems like Smith & Nephew’s CORI and Think Surgical’s TMINI are already reducing costs, while startups and emerging markets drive competition with affordable alternatives. Companies like Think Surgical and Korea-based Curexo have developed robotic systems that are compatible with implants from other manufacturers, which could further reduce the robotic procedure cost by choosing affordable knee or hip implants.”

    Mass adoption—projected to grow the global market to $13 billion by 2030—will lower manufacturing costs, and subscription-based pricing models could replace upfront fees. Robotic orthopedic surgery, while initially expensive due to high upfront costs for systems and ongoing maintenance, demonstrates long-term cost-effectiveness. Enhanced precision in implant placement and alignment also lowers the need for costly revisions.

    Additionally, streamlined workflows and value-based care models further improve economic viability by prioritizing outcomes over volume. Regulatory support and insurer reimbursement for proven outcomes will accelerate affordability. However, challenges like surgeon training costs and persistent software upgrade expenses may delay accessibility in resource-limited settings.

    Deng concludes: “Long-term, robotics could become standard care, with costs nearing conventional tools due to AI-driven automation and scaled production. While affordability hinges on innovative pricing and healthcare policies, the trajectory suggests robotic surgery will transition from a premium option to a broadly accessible, cost-effective standard in orthopedics.

    MIL OSI Economics –

  • MIL-OSI United Nations: UNECE advances implementation of digital data exchange along SPECA corridors

    Source: United Nations Economic Commission for Europe

    Increased use of digital solutions developed by UNECE’s subsidiary, intergovernmental body – the United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) – can enhance the sustainability and resilience of supply chains and strengthen global connectivity. Data mapping and alignment to the UN/CEFACT standards allow for a common semantic foundation for data exchange among the different port or railway information systems and other modes of transport.

    The benefits include reducing economic costs, enabling seamless data interchange among modes of transport and sectors in the supply chain, using the UN standards as a common semantic foundation for cross-border, multimodal, and cross-sectoral interoperability, simplification and automation of business processes, and raising business competitiveness.

    As part of the implementation the roadmap for digitalization of the Trans-Caspian Transport Corridor, which was adopted by States participating in the United Nations Special Programme for the Economies of Central Asia (SPECA) in November 2023, UNECE recently organized two capacity-building seminars in Turkmenistan to streamline efforts to digitalize transport and supply chains along the Trans-Caspian and other corridors in the region. 

    In 2023, the total cargo transported via the Trans-Caspian Transport Corridor increased by 86% in 2023, reaching 2.8 million tons, up from 1.5 million tons in 2022. According to a World Bank study, with targeted investments and policy reforms, the Middle Corridor has the potential to triple its trade volumes by 2030, reaching 11 million tons, and to reduce travel time by half. ​

    The first seminar focused on port-to-port data exchange in the Trans-Caspian Corridor, notably in Baku-Aktau and Baku-Turkmenbashi, to align this data exchange to the UN/CEFACT standards and Multimodal Transport Reference Data Model (MMT RDM). Baku and Aktau ports are already exchanging data on cargo, and the ports of Baku and Turkmenbashi have an agreement to exchange data.                       

    The seminar participants requested UNECE, the Governments of Azerbaijan, Kazakhstan, and Turkmenistan and the development partners to support the effort to align the data exchange to the UN/CEFACT standards in the context of the Trans-Caspian Digitalization Roadmap. In addition to supporting the digital exchange of information among the Caspian ports of Baku, Aktau, and Turkmenbashi, one of the recommendations of the seminar was to invite other ports along the Trans-Caspian Corridor – Kuryk, Poti, Batumi, Odessa, Constanta, Varna, Burgas, and Istanbul – to align to the UN/CEFACT standards.

    Under the SPECA Chairmanship of Turkmenistan in 2025, and with participation of the Economic Cooperation Organization (ECO), the Organisation for Cooperation of Railways (OSJD), the railway agencies of Kazakhstan, Turkmenistan and Iran, the Islamic Development Bank (IsDB), and Eurasian Development Bank, the second seminar focused on a pilot project to develop and use an electronic equivalent of the SMGS railway consignment note along the Kazakhstan–Turkmenistan–Iran (KTI) railway corridor.

    This pilot project would serve as a foundation for further development of a digital corridor along the KTI railway corridor, using the semantic standards and Multimodal Transport Reference Data Model (MMT RDM) of UN/CEFACT as a key reference for intermodal interoperability of data and document exchange.

    Representatives of UNECE, UNESCAP, and the railway agencies of Kazakhstan, Turkmenistan and Iran discussed the possibilities for such a project in cooperation with the three governments and various stakeholders, including ECO, the Permanent Secretariat of the Intergovernmental Commission of the Transport Corridor Europe-Caucasus-Central Asia (PS IGC TRACECA) and other development partners.

    The participants recommended that the railways and business community of the KTI and SPECA participating States promote the digital transformation of documents accompanying goods in the KTI corridor, in alignment with the UN/CEFACT standards to digitalize railway documents accompanying goods.

    Finally, the 20th session of the SPECA Working Group on Trade held in Ashgabat reviewed national and regional plans and strategies of the SPECA participating States for trade facilitation and sustainable development.

    The participants aimed to identify priority actions on which the SPECA Working Group on Trade could work in the coming several years and focused on deliverables, such as: 

    • Collaboration among SPECA participating States in the WTO process
    • Progress in the implementation of the SPECA Trade Facilitation Strategy and related roadmap
    • Progress in the implementation of the Principles for Sustainable Trade in the subregion
    • Studies and recommendations on regulatory and procedural non-tariff barriers to trade, and
    • Digitalization of data and document exchange in multimodal transport and trade using UN standards.

    MIL OSI United Nations News –

  • MIL-OSI: Willis report reveals construction sector challenged by uptick in data centers for AI while facing labor shortages

    Source: GlobeNewswire (MIL-OSI)

    LONDON, March 24, 2025 (GLOBE NEWSWIRE) — The global construction industry is experiencing a remarkable uptick in data center projects, propelled by the swift pace of technological advancement and the future demands of artificial intelligence (AI). However, this boom is set against the sobering reality of labor scarcities and escalating material expenses, which present formidable obstacles for both the construction and insurance domains, according to the latest Willis Global Construction Rate Trend Report for Q1, launched by Willis, a WTW company (NASDAQ: WTW).

    In North America, the skilled labor shortage is reaching critical levels, with estimates suggesting that an additional 500,000 new workers are required to meet the pending construction demand. Similar labor shortages are a growing problem in Europe and Latin America, while in Asia, the shortage of skilled labor is particularly acute. These shortages can lead to poor quality construction and reduced adherence to safety protocols, prompting insurance markets to closely scrutinize project schedules and costs.

    Other key findings highlighted

    • Economic factors are also playing a significant role in the global construction insurance market.
    • The ongoing rise in building material costs is pushing project expenses upward, resulting in increased insurance premiums and the recent surge in tariffs, particularly for construction material imports and exports, is anticipated to further amplify these cost pressures.
    • Recent natural disasters, such as the fires in Los Angeles, have had a significant financial impact on the construction insurance market. Insured loss estimates from the California wildfires range from $32 to $40 billion, affecting over 16,000 structures. This is anticipated to result in insurance premium rate increases for construction projects in California and add pressure to the already strained labor and building material markets.

    In the face of these obstacles, we are still witnessing encouraging developments within the global construction insurance sector. The Builders’ risk and Construction All Risk (CAR) insurance market is displaying resilience, with rates stabilizing and increased capacity for more extensive risks. In Asia, we are seeing a market that is on the mend, offering improved rates and terms for quality risks.

    Bill Creedon, Global Head of Construction, Willis said “The global data center boom is not only transforming the technology landscape but also catalyzing investments in the energy sector, with a strong emphasis on sustainable energy sources like solar, wind, and green hydrogen. Moreover, the nuclear industry is increasingly exploring the potential of Small Modular Reactors (SMRs) to power these facilities. Nonetheless, we are witnessing a robust response from the insurance market, with a continued emphasis on meticulous underwriting to address the evolving technological landscape. With our unique specialist industry knowledge and expertise, we continue to help our construction clients navigate through this difficult business environment.”

    The report can be downloaded here.

    About WTW

    At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

    Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.

    Learn more at wtwco.com.

    Media contact

    Sarah Booker:
    Sarah.Booker@wtwco.com / +44 7917 72240

    The MIL Network –

  • MIL-OSI United Nations: UN and Partners Seek USD 934.5m for Life-saving Aid to 1.5 Million Rohingya Refugees and Their Hosts in Bangladesh

    Source: International Organization for Migration (IOM)

    Geneva/Cox’s Bazar, 24 March 2025 – The International Organization for Migration (IOM) with UNHCR, the UN Refugee Agency, and partners today called on the international community to enhance its support for Rohingya refugees and their hosts in Bangladesh amid rising insecurity in Myanmar and ongoing forced displacement.

    Unrelenting conflict in Myanmar, dwindling financial resources and competing global crises have made it critical for the international community to step up for the Rohingya refugees, who remain in a precarious situation, entirely dependent on humanitarian aid. 

    The 2025-26 Joint Response Plan (JRP) for the Rohingya Humanitarian Crisis brings together 113 partners and is being jointly launched by IOM and UNHCR under the leadership of the Bangladesh Government.

    This first-ever multi-year funding appeal for the Rohingya Response seeks $934.5 million in its first year to reach some 1.48 million people including Rohingya refugees and host communities.

    The JRP is being presented to donors in Geneva by Amy Pope, IOM Director General; Filippo Grandi, UN High Commissioner for Refugees; and H.E. Mr. Khalilur Rahman, High Representative to the Chief Adviser of Bangladesh on Rohingya Issues and Priority Affairs.

    In its eighth year, the Rohingya humanitarian crisis remains largely out of the international spotlight but needs remain urgent.

    More than 50 per cent of the population in the camps are women and girls who face a higher risk of gender-based violence and exploitation; while one in three Rohingya refugees in Bangladesh is aged between 10 and 24. Without access to formal education, adequate skills building and self- reliance opportunities, their futures remain on hold. 

    Any funding shortfalls in critical areas, including reductions to food assistance, cooking fuel or basic shelter, will have dire consequences for this highly vulnerable population and may force many to resort to desperate measures, such as embarking on dangerous boat journeys to seek safety.

    Until the situation in Myanmar’s Rakhine State is peaceful and conducive to returning safely and voluntarily, the international community must continue to fund life-saving assistance to refugees in the camps, including protection, shelter, and basic needs, and support opportunities that enable them to be self-reliant. 

    Watch the Launch of 2025 Rohingya Situation Joint Response Plan online (from 10:00 CET Monday 24 March).

    For more information, please contact:  

    IOM  

    In Bangladesh: Tarek Mahmud, tmahmud@iom.int  

    In Bangkok: Itayi Viriri, iviriri@iom.int 

    In Geneva: Daniela Rovina, drovina@iom.int      

    UNHCR 

    In Dhaka, Romain Desclous desclous@unhcr.org, +880 1313-046478  

    In Bangkok, Radhika Bhatnagar bhatnaga@unhcr.org, +66 62 310 328 

    In Geneva, Babar Baloch, baloch@unhcr.org, +41 79 513 95 49 

    MIL OSI United Nations News –

  • MIL-OSI: QuantaSing Group Extends Business Portfolio into Pop Toys Sector through Letsvan Investment

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, March 24, 2025 (GLOBE NEWSWIRE) — QuantaSing Group Limited (NASDAQ: QSG) (“QuantaSing” or the “Company”), a leading lifestyle solution provider empowering adults to live better and longer, today announced that it entered into definitive agreements to invest in Shenzhen Yiqi Culture Co., Ltd. (“Letsvan”), a PRC-based company specializing in IP incubation, copyright commercialization, and the promotion and sales of pop toys. The transaction marks QuantaSing’s strategic entry into the pop toys market and broader consumer goods sector. Effective upon the completion of the investments pursuant to such agreements, Letsvan will become a controlled subsidiary of the Company, and its financial results will be consolidated into QuantaSing’s financial statements.

    According to Frost & Sullivan, the global and China character toy markets reached RMB345.8 billion and RMB40.3 billion in 2023, respectively, and are expected to grow at a CAGR of 9.3% and 17.7% to reach RMB540.7 billion and RMB91.1 billion in 2028, respectively. Character-based figurines, a key segment in Letsvan’s portfolio, have shown strong growth with a 17.8% CAGR from 2017 to 2023 and are projected to maintain 16.8% growth through 2027. Collectible toys have gained substantial popularity in international markets, with growing consumer enthusiasm for limited-edition releases and character-based merchandise across various age demographics.

    Letsvan has built a strong IP matrix featuring popular characters such as Wakuku, Ziyuli, and other distinctive IPs that have gained traction in the collectibles market. The company has achieved rapid channel expansion through partnerships with major retail chains, e-commerce platforms, and specialty toy stores, enhancing both online and offline distribution capabilities. International expansion is currently underway, including the establishment of Southeast Asian operations to capitalize on growing regional demand.

    Following this strategic investment, QuantaSing will implement an omni-channel strategy for Letsvan that integrates online and offline retail experiences for consumers. With market validation successfully completed, the company is positioned to transform Letsvan into a significant business unit. A dedicated, integrated team comprised of QuantaSing’s leadership and Letsvan’s core team will execute the growth strategy, led by Mr. Peng Li, the founder, Chairman, and CEO of QuantaSing.

    “This investment reflects our strategic approach to deploying our abundant cash reserves to capture structural opportunities in the consumer sector,” said Mr. Peng Li. “Having completed our market assessment, we are now advancing to the scaling phase by applying our digital marketing capabilities and operational know-how. We expect to drive growth in this segment while maintaining the financial discipline that has consistently delivered value to our shareholders.”

    “Joining QuantaSing opens tremendous growth opportunities for Letsvan,” said Huiyu (Zack) Zhan, CEO of Letsvan. “By combining our IP advantages with QuantaSing’s operational capabilities and entrepreneurial spirit, we aim to become a leading player in the pop toys industry. We remain committed to refining our products and delivering exceptional service, ensuring our customers enjoy continuous, joyful experiences with our brands.”

    About QuantaSing Group Limited

    QuantaSing is a leading lifestyle solution provider empowering adults to live better and longer. Leveraging its profound understanding of adult users and robust infrastructure, QuantaSing offers easy-to-understand, affordable, and accessible online courses to adult learners as well as consumer products and service in selected areas to address the senior users’ aspirations for wellness.

    For more information, please visit: https://ir.quantasing.com.

    Contact

    Investor Relations
    Leah Guo
    QuantaSing Group Limited
    Email: ir@quantasing.com
    Tel: +86 (10) 6493-7857

    Robin Yang, Partner
    ICR, LLC
    Email: QuantaSing.IR@icrinc.com
    Phone: +1 (212) 537-0429

    The MIL Network –

  • MIL-OSI Africa: Ghana’s Surging Gold Exports Propel Mining Sector Expansion

    Source: Africa Press Organisation – English (2) – Report:

    ACCRA, Ghana, March 24, 2025/APO Group/ —

    Ghana is capitalizing on its gold exports (https://apo-opa.co/4iOXHfD) to drive economic growth, with revenues increasing to $11.6 billion in 2024 – a 52.6% increase from the $7.6 billion recorded in 2023. Gold exports accounted for 57% of the country’s total export revenue (https://apo-opa.co/4hHk0lZ), solidifying the industry’s role as a key contributor to GDP expansion. Notably, small-scale miners contributed $5 billion to the sector’s export revenue.

    As Ghana continues to enhance gold production and exports, the upcoming Mining in Motion conference, taking place from 2 – 4 June,  will connect global investors with opportunities in Ghana’s gold value chain. The event will facilitate deal signings and strengthen trade relations with Ghana’s leading gold export markets.

    While Ghana has maintained its position as Africa’s largest gold producer, it has also emerged as a key supplier to international markets. Asia ranks as the primary importer of Ghanaian gold, followed by Europe and Africa. In 2024, gold accounted for 65.4% of Ghana’s total exports to Asia, 60.2% of exports to Europe and 49.4% of exports across Africa. More than half of Ghanaian gold exports to each continent were concentrated in a single country; 53.1% of exports to Asia went to the United Arab Emirates (UAE), 60.2% of exports to Europe were directed to Switzerland and 60.5% of African exports were received by South Africa.

    Asia strengthened its gold trading with Ghana, with countries such as China and India ranking amongst top export markets for Ghana. In Europe, the Netherlands, Spain, Italy, Germany, the United Kingdom, Belgium, France, Bulgaria, Portugal, Poland, Gibraltar and Estonia accounted for a significant share of Ghana’s gold exports. In Africa, Burkina Faso, the Ivory Coast, Togo and Mali rank as the top importers of Ghanaian gold.

    Beyond these regions, Canada accounted for 58.6% of Ghana’s gold exports to North America, while Brazil received 94.1% of the country’s gold exports to Latin America.

    Looking ahead, Ghana’s expanding gold production is expected to further strengthen trade with its top export markets, as these nations continue to invest in the country’s mining sector. The UAE’s Emiral Resources is the largest shareholder in Asante Gold Corporation (https://apo-opa.co/4bVIqXE), which is executing a $522 million expansion strategy, including the development of the Bibiani project. Meanwhile, India’s Rosy Royal Minerals holds an 80% stake in the Royal Ghana Gold Refinery, the country’s first gold refinery, positioning India as a key player in Ghana’s gold value chain.

    Amid these developments, Mining in Motion will feature high-level discussions, networking sessions, and project showcases, reinforcing Ghana’s role as a key gold supplier to global markets.

    Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting ASGM and medium to large scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting www.MininginMotionSummit.com. For sponsorship opportunities or delegate participation, contact Sales@ashantigreeninitiative.org.

    MIL OSI Africa –

  • MIL-OSI Asia-Pac: 14 building plans approved in Jan

    Source: Hong Kong Information Services

    The Buildings Department approved 14 building plans in January – five on Hong Kong Island, three in Kowloon and six in the New Territories.

    Eight of the plans approved were for residential or residential-commercial developments, two were for commercial developments, one was for factory and industrial development, and three were for community service developments.

    Consent was given for works to start on five building projects. Combined, these will provide 25,433 sq m of gross floor area for domestic, and 206,432 sq m of gross floor area for non-domestic use.

    The department also received notification of commencement in relation to superstructure works for three building projects.

    Furthermore, it issued 16 occupation permits – four on Hong Kong Island, five in Kowloon and seven in the New Territories.

    The buildings certified for occupation comprise 85,225 sq m of gross floor area for domestic use, involving 1,886 units, and 23,398 sq m for non-domestic use.

    Meanwhile, the department received 2,551 reports about unauthorised building works in January and issued 422 removal orders.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Cultural ambassador scheme opens

    Source: Hong Kong Information Services

    The Community Cultural Ambassador Scheme 2026 is now open for applications, the Leisure & Cultural Services Department announced today.

    Under the scheme, selected artists and arts groups will take performing arts activities into communities by organising outreach activities in various districts next year.

    Applicants should be registered local non-profit-making performing arts groups or artists, have experience of performing in public, and demonstrate that they have been active in the performing arts scene in the past year.

    Each applicant is required to submit a proposal with a brief description of their project theme and content. Projects should involve at least one performing arts category from the following list: Chinese opera, operatic singing, dance, music, theatrical arts, and multimedia.

    Proposals should mainly focus on touring performances and may include workshops, excerpts from full performances, demonstrations, talks, exhibitions or a combination of these activities.

    The application deadline is noon on May 6.

    Call 2591 1611 or send an email to the Audience Building Office for enquiries.

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: Deputy Secretary-General of ASEAN for Political-Security Community met with the Head of ICRC Regional Delegation for Indonesia and Timor-Leste

    Source: ASEAN

    Deputy Secretary-General of ASEAN for ASEAN Political-Security Community, Dato’ Astanah Abdul Aziz met with Mr. Vincent Raymond Ochilet, Head of the International Committee of the Red Cross (ICRC) Regional Delegation for Indonesia and Timor-Leste at the ASEAN Headquarters/ASEAN Secretariat today. They discussed efforts to foster connections and facilitate cooperation between ASEAN and its partners in advancing International Humanitarian Law through dialogue and capacity-building, including through utilising ASEAN-led mechanisms.

    MIL OSI Economics –

  • MIL-OSI Economics: Secretary-General of ASEAN receives Vice Governor of Anhui Province of China

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today received a courtesy call by Vice Governor of Anhui Province, China, Mr. Sun Yong. They discussed potential activities to strengthen cooperation between ASEAN and China, particularly with the Anhui Province, taking the benefits of ASEAN-China Free Trade Agreement (ACFTA) and Regional Comprehensive Economic Partnership (RCEP) Agreement. They also exchanged views on the opportunities to bring business to business network between ASEAN and China closer to the peoples of both sides.

    The post Secretary-General of ASEAN receives Vice Governor of Anhui Province of China appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Banking: Secretary-General of ASEAN receives Vice Governor of Anhui Province of China

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today received a courtesy call by Vice Governor of Anhui Province, China, Mr. Sun Yong. They discussed potential activities to strengthen cooperation between ASEAN and China, particularly with the Anhui Province, taking the benefits of ASEAN-China Free Trade Agreement (ACFTA) and Regional Comprehensive Economic Partnership (RCEP) Agreement. They also exchanged views on the opportunities to bring business to business network between ASEAN and China closer to the peoples of both sides.

    The post Secretary-General of ASEAN receives Vice Governor of Anhui Province of China appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI United Nations: IOM Chief Unveils New Partnership with LALIGA FOUNDATION to Strengthen Migrant Integration in Peru

    Source: International Organization for Migration (IOM)

    Lima, 24 March 2025 – International Organization for Migration (IOM) Director General Amy Pope concluded her first official visit to Peru last Friday, kicking off a strategic partnership between IOM Peru and the premier Spanish football league LALIGA FOUNDATION to promote social cohesion and healthy living among migrant and host community children and teens.

    “The integration of migrants here in Peru is not just a humanitarian effort, it is an opportunity to build stronger, more cohesive societies,” DG Pope said. “Sport unites people across cultures, and no sport is more global than soccer. Through this partnership we are creating spaces where young people – both migrants and Peruvians – can learn teamwork and leadership, as well as fostering connections that go beyond the game.”

    This collaboration, supported by the Korea International Cooperation Agency (KOICA), builds upon the achievements of El Balón No Tiene Fronteras (Soccer Has No Borders), a similar programme implemented by IOM in Peru since 2019, which reached over 1,600 children and youth across Peru, fostering social inclusion and strengthening community ties.

    Through soccer clinics, leadership workshops, and community-building events, LALIGA’s coaches will work directly with students and local leaders to promote key values such as respect, sportsmanship, and solidarity. IOM will collaborate closely with the national Ministry of Education to ensure this initiative’s sustainability and broad impact across public schools in Lima with a significant number of migrant students.

    During her visit, DG Pope held meetings with President Dina Boluarte and the Prime Minister, Gustavo Adrianzén, and participated in the signing of a Memorandum of Understanding with the Ministry of Foreign Affairs to boost joint efforts to enhance national development through programmes that support migrants in Peru, Peruvians abroad, and Peruvians returning home.

    DG Pope also met with government officials, donors, private sector representatives, and UN partners; and visited the Central Orientation and Assistance Point (PAO), an IOM-supported site in southern Lima where over 7,000 migrants have received information on basic services and access to documentation, primary health care, and psychosocial support since August 2024.

    For more information, please contact:  

    In Peru: Leesly León, leleon@iom.int  

    In Panama: Jorge Gallo, jgallo@iom.int  

    In Geneva: Daniela Rovina, drovina@iom.int  

    MIL OSI United Nations News –

  • MIL-OSI: 21Shares expands European footprint with new listings on Nasdaq Stockholm

    Source: GlobeNewswire (MIL-OSI)

    Zurich, March 24, 2025 – 21Shares AG (“21Shares”), one of the world’s largest issuers of crypto exchange-traded products (ETPs), today announced the listing of three of its leading ETPs on Nasdaq Stockholm, further expanding the firm’s European footprint. The newly listed products include the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL), and the 21Shares XRP ETP (AXRP).

    With over $7.5 billion in assets under management and listings on 11 major exchanges, including Nasdaq, Euronext Amsterdam, and SIX Swiss Exchange, 21Shares continues to bridge the gap between traditional finance and digital asset markets.

    The Nordic market has seen significant growth in crypto investment demand, and as a market leader in Europe, 21Shares is strengthening its presence by offering CBTC – one of Europe’s most cost-effective Bitcoin ETPs – alongside the largest Solana staking ETP in the region, and XRP. These listings underscore 21Shares’ commitment to providing European investors with transparent and regulated access to cryptocurrencies. 

    • 21Shares Bitcoin Core ETP (CBTC) offers 100% physically-backed exposure to Bitcoin (BTC), the largest cryptocurrency by market cap, and features one of the lowest management fees available at just 0.21%.
    • 21Shares Solana Staking ETP (ASOL) provides physically-backed exposure to Solana, capturing staking yields for enhanced returns while tapping into blockchain innovations across gaming, finance, and identity protection.
    • 21Shares XRP ETP (AXRP) is fully backed by XRP, offering investors transparent and regulated exposure to XRP’s critical role in cross-border payments.

    “As institutional adoption of cryptoasset ETPs accelerates and regulatory clarity strengthens across Europe, we remain committed to expanding our product offerings to meet growing investor demand,” said Mandy Chiu, Head of Financial Product Development at 21Shares. “This year represents a breakthrough moment for crypto in Europe, with increasing confidence driven by the MiCA regulatory framework and a significant rise in institutional participation. Our presence on Nasdaq Stockholm reflects our ambition to simplify crypto investing for European investors.”

    “The demand for ETPs is growing, and we are happy to see 21Shares expanding their offering,” added Helena Wedin, Head of ETF and ETP, European Markets at Nasdaq. “As the market for crypto ETPs continues to expand, we are pleased to provide investors with more locally listed, cost-efficient, and innovative products.”

    Notes to editors

    About 21Shares

    21Shares is one of the world’s first and largest issuers of crypto exchange traded products. We were founded to make cryptocurrency more accessible to investors, and to bridge the gap between traditional finance and decentralized finance. In 2018, 21Shares listed the world’s first physically-backed crypto ETP, and we have a six-year track-record of creating crypto exchange-traded funds that are listed on some of the biggest, most-liquid securities exchanges globally. In addition to our six-year track record, 21Shares offers investors best-in-class research and unparalleled client service.

    21Shares is a member of 21.co, a global leader in decentralized finance. For more information, please visit www.21Shares.com.

    Media Contact
    Matteo Valli
    matteo.valli@21shares.com

    DISCLAIMER

    This document is not an offer to sell or a solicitation of an offer to buy or subscribe for securities of 21Shares AG in any jurisdiction. Neither this document nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever or for any other purpose in any jurisdiction. Nothing in this document should be considered investment advice.

    This document and the information contained herein are not for distribution in or into (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful.

    This document does not constitute an offer of securities for sale in or into the United States, Canada, Australia or Japan. The securities of 21Shares AG to which these materials relate have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will not be a public offering of securities in the United States. Neither the US Securities and Exchange Commission nor any securities regulatory authority of any state or other jurisdiction of the United States has approved or disapproved of an investment in the securities or passed on the accuracy or adequacy of the contents of this presentation. Any representation to the contrary is a criminal offence in the United States.

    Within the United Kingdom, this document is only being distributed to and is only directed at: (i) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”); or (iii) persons who fall within Article 43(2) of the Order, including existing members and creditors of the Company or (iv) any other persons to whom this document can be lawfully distributed in circumstances where section 21(1) of the FSMA does not apply. The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

    Exclusively for potential investors in any EEA Member State that has implemented the Prospectus Regulation (EU) 2017/1129 the Issuer’s Base Prospectus (EU) is made available on the Issuer’s website under www.21Shares.com.

    The approval of the Issuer’s Base Prospectus (EU) should not be understood as an endorsement by the SFSA of the securities offered or admitted to trading on a regulated market. Eligible potential investors should read the Issuer’s Base Prospectus (EU) and the relevant Final Terms before making an investment decision in order to understand the potential risks associated with the decision to invest in the securities. You are about to purchase a product that is not simple and may be difficult to understand.

    This document constitutes advertisement within the meaning of the Prospectus Regulation (EU) 2017/1129 and the Swiss Financial Services Act (the “FinSA”) and not a prospectus. The 2024 Base Prospectus of 21Shares AG has been deposited pursuant to article 54(2) FinSA with BX Swiss AG in its function as Swiss prospectus review body within the meaning of article 52 FinSA. The 2024 Base Prospectus and the key information document for any products may be obtained at 21Shares AG’s website (https://21shares.com/ir/prospectus or https://21shares.com/ir/kids).

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    The MIL Network –

  • MIL-OSI Economics: Asian Development Blog: Building Healthy Supply Chains While Cutting Carbon

    Source: Asia Development Bank

    Decarbonizing healthcare supply chains is essential to reducing emissions, minimizing waste, and strengthening the resilience of health systems, particularly in vulnerable regions.

    More than 70% of healthcare emissions are generated in the supply chain. This includes the production, procurement, transport, and disposal of health goods and services, such as pharmaceuticals, vaccines, medical devices, hospital equipment, food, and other items.

    Advancing low-carbon, resilient supply chains will be essential for achieving universal health coverage and equitable healthcare access in vulnerable hotspots in Asia, the Pacific, and globally.

    With momentum growing to decarbonize health care, lowering supply chain emissions will reduce the sector’s overall environmental impact. As demography and urbanization shifts evolve and environmental challenges intensify, the burden of communicable and non-communicable diseases will further strain the region’s health systems.

    Without supply chain decarbonization efforts in place, the risks of disruptions due to inflated prices, commodity shortages, or external shocks like disasters could wreak havoc on health systems. The consequences would be particularly dire for the poorest and most vulnerable populations, putting millions of lives at risk.

    The following four actions are recommended to help countries integrate decarbonization across the supply chain:

    Develop eco-designed medical supplies and products. Single-use plastic supplies, such as syringes, IV bags, surgical gloves, and face masks, significantly reduce infection risks in healthcare settings but their production and disposal contribute substantially to carbon emissions and generate large amounts of waste.

    Applying an environmentally-conscious approach to product design and incorporating circular economy principles, such as reducing material use, reusing components where feasible, and enhancing recyclability, can help mitigate environmental impacts.

    Sustainable alternatives to petroleum-based plastics include plant-based polymers, natural rubber, and other biodegradable or compostable materials, which can lower emissions, reduce waste, and improve resilience across the product lifecycle.

    Innovative materials—such as plant starches with plasticizers for flexible or rigid pharmaceutical packaging, plant-based cellulose derivatives like cellulose acetate for lab and pharmaceutical use, and sustainable insulating options like recyclable plastics or cardboard-based alternatives—are transforming the sector by enabling controlled lifespans, improving insulation efficiency, and reducing reliance on energy-intensive refrigeration.

    Decarbonize and build sustainability into manufacturing processes. As the healthcare market grows, medical supply and equipment manufacturers will continue to generate more emissions and waste during production.

    Building green practices into these processes is imperative for sustainable development and can lower operational costs over the long term. Key strategies include responsibly sourcing local and sustainable raw materials. Reduced waste is also needed in production processes such as reusing materials, repurposing products, and recycling.

    Replacing product packaging with biodegradable, reusable, or multi-use materials is also needed.

    Decarbonizing healthcare supply chains is not just an environmental imperative—it’s essential to building resilient, equitable health systems, especially in vulnerable regions.

    Invest in low-carbon transportation and logistics. Medical supply chains are highly complex, requiring a reliable and efficient flow of medicines, medical supplies, and medical devices from manufacturers to in-country distributors and healthcare providers.

    Ensuring the integrity of these essential products while promoting inclusive and sustainable growth necessitates a transition to resilient, low-carbon transportation and logistics systems.

    Key strategies for decarbonizing medical supply chains include optimizing transportation routes, adopting electric vehicles, and reducing supply-demand distances through localized sourcing and production.

    For instance, shifting away from air freight, approximately 40 times more emissions-intensive than sea, road, or rail transport, offers significant carbon savings. Leading pharmaceutical companies have made substantial progress in this regard—AstraZeneca increased its use of sea freight from 5% in 2012 to 65% in 2022, while Merck reduced its reliance on air transport from 65% in 2018 to just 10% in 2021.

    The electrification of short-distance transportation is another crucial step. Battery-powered electric vehicles are well-suited for most journeys under 400 kilometers, reducing emissions associated with fossil fuel-based trucking. Investing in bio-based or synthetic fuels for long-distance travel can help decarbonize air, sea, and heavy-road transport.

    Successful initiatives highlight the potential for transformation. Adopting compressed natural gas for transportation fleets in India has significantly reduced emissions. Similarly, drone technology has played a vital role in enhancing healthcare supply chains, particularly in remote areas. In the Pacific Islands, drones carrying up to three kilograms (6.6 pounds) have improved last-mile medical delivery while reducing the carbon footprint, traveling up to 130 kilometers (81 miles) per flight.

    Implement sustainable healthcare waste management. Millions of tonnes of waste are generated by healthcare activities each year, due largely to the use of single-use plastics and poor waste management practices.

    The pandemic led to a dramatic increase in the volume of healthcare waste globally, while many health facilities across Asia and the Pacific have limited waste management services. The use of chemical disinfectants and incineration to treat waste can result in the release of pollutants into the environment, causing respiratory and other diseases.

    Replacing carbon-intensive incineration with alternative waste treatment technologies like steam-based disinfection and adopting the principles of circularity to increase the reuse and recycling of healthcare products and materials can ease the burden of waste on health systems, reduce unnecessary emissions and human health, and save costs.

    Ensuring a robust regulatory framework to define, monitor, and enforce health safety standards is also a critical step toward resilient health systems.

    Decarbonizing healthcare supply chains is not just an environmental imperative—it’s essential to building resilient, equitable health systems, especially in vulnerable regions.

    Nansu Isadahl and Avdesh Gupta contributed to this blog post.
     

    MIL OSI Economics –

  • MIL-OSI Economics: Development Asia: From Cash to Digital: Advancing Financial Inclusion in Pakistan

    Source: Asia Development Bank

    The role of mobile money in financial inclusion

    Mobile money offers huge potential to improve lives by enabling low-cost, fast, safe, and easy transactions. It addresses access barriers by eliminating the need to go to physical bank branches. In 2022, Pakistan had only 10.8 commercial bank branches per 100,000 adults—one of the lowest ratios in the region.

    Pakistan’s evolving financial landscape

    Over the past 15 years, financial services in Pakistan have evolved rapidly. Financial institution accounts grew by about 127% between FY19 and FY24. Of Pakistan’s 241 million people, 60% are adults. With 91 million unique financial institution accounts, two-fifths of the adult population still lack access to formal financial services. Deregulation in the sector led to new branchless banking regulations. This enabled kiryana convenience stores across the country to offer financial services. The coronavirus (COVID-19) pandemic shifted consumer behavior and further accelerated mobile and cashless banking adoption. Mobile and online transactions rose from 17% in early 2020 to 75% by September 2024, per the State Bank of Pakistan (SBP).

    Raast, the country’s first instant payment system launched in 2021, has also simplified person-to-person (P2P) and person-to-merchant (P2M) transactions. This system offers instant, reliable, and free digital payments for individuals and businesses within Pakistan. Users can send or receive money using their mobile numbers and bank accounts. This has extended financial services to the poor and the unbanked. Adoption has surged, with Raast processing over 102 million P2P payments in 2023, up from 7.9 million in 2022. By the end of September, daily transactions had reached 3 million, and there were 39.5 million registered Raast IDs, according to public data from the State Bank of Pakistan.

    Raast also revolutionized businesses, especially small and medium enterprises and the retail sector, with P2M transactions introduced in February 2022. This reduced fees and settlement times, enhancing efficiency and boosting economic activity.

    Lessons from India and PRC

    Lessons from regional giants like India and the People’s Republic of China (PRC) highlight the transformative potential of digital payment systems. India’s Unified Payments Interface (UPI), introduced in 2016, processed 117.6 billion transactions in 2023, making it the world’s most popular alternative payment method. While P2P transactions initially drove its adoption, the widespread acceptance of P2M payments accelerated its growth. Similarly, PRC’s tech giant Alipay began with P2P transfers in 2004, followed by WeChat Pay in 2013. Exponential growth and near-universal adoption came after the introduction of P2M capabilities.

    The retail sector’s untapped potential

    Pakistan’s robust retail sector, which makes up almost 18% of GDP and is spread across a network of an estimated 2.5 million retail and wholesale outlets, offers an immense opportunity for growth. Traditionally, this sector has remained largely untaxed, contributing an estimated 4% of tax revenue. But recent pressure from the International Monetary Fund (IMF) has renewed the government’s drive to get the retail sector to pay more through taxation. To that end, several measures have already been taken, including the implementation of point-of-sale registers and the Tajir Dost scheme, where retailers are subject to a fixed monthly tax. The tax assessment is based on the market value and regular turnover of the enterprise. In 2024, the scheme was extended to 42 cities in Pakistan from the original six. Under the scheme, businesses can declare their assets and income and potentially receive benefits like reduced tax rates and simplified tax compliance procedures.

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: Choi Yuk-lin bound for Iceland

    Source: Hong Kong Information Services

    Secretary for Education Choi Yuk-lin will lead a delegation of Hong Kong principals and educationalists in attending the International Summit on the Teaching Profession 2025 in Reykjavík, Iceland, from tomorrow.

    After visiting Iceland, Ms Choi and her delegation will visit India. Their itinerary is aimed at promoting Hong Kong’s advantages as an international post-secondary education hub.

    Besides discussing trends in global education with education ministers from around the world at the Reykjavík forum, Ms Choi will also visit local schools and meet Icelandic educationalists.

    The education chief will fly to Delhi on Thursday to attend the Asia-Pacific Association for International Education 2025 Conference & Exhibition.

    She will be accompanied by representatives from the University Grants Committee (UGC) and UGC-funded universities, and will give a speech at the Delhi event about studying in Hong Kong.

    Ms Choi will return to Hong Kong on Friday. During her absence, Under Secretary for Education Sze Chun-fai will be Acting Secretary.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: CE to attend Boao Forum

    Source: Hong Kong Information Services

    Chief Executive John Lee will depart for Hainan tomorrow to attend the Boao Forum for Asia Annual Conference 2025.

    The theme of this year’s conference is ‘Asia in the Changing World: Towards a Shared Future’.

    Mr Lee will attend the conference’s opening plenary and deliver a speech at the Global Free Trade Port Development Forum.

    Secretary for Innovation, Technology & Industry Prof Sun Dong will also attend and speak at a forum about enhancing digital capacity and bridging digital divides.

    During his visit, Mr Lee will also witness the signing of a memorandum of understanding between the Hong Kong Special Administrative Region Government and the People’s Government of Hainan Province.

    Deputy Chief Secretary Cheuk Wing-hing and Under Secretary for Constitutional & Mainland Affairs Clement Woo will be present for part of the trip.

    Mr Lee will return to Hong Kong on Thursday. During his absence, Chief Secretary Chan Kwok-ki will be Acting Chief Executive.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Mitsubishi Corporation & Alt Carbon sign agreement to scale carbon removal in South Asia

    Source: GlobeNewswire (MIL-OSI)

    • Partnership agreement to scale carbon removal through a breakthrough Enhanced Rock Weathering tech process.
    • Alt Carbon to generate high-quality, durable Carbon Removal (CDR) credits.

    LONDON, March 24, 2025 (GLOBE NEWSWIRE) — Mitsubishi Corporation (MC), and Alt Carbon, a Carbon Dioxide Removal (CDR) company, announced a partnership agreement to scale the removal of carbon dioxide in South Asia. The agreement between the two parties will generate high quality, durable, carbon removal tons that have been created through a breakthrough Enhanced Rock Weathering (ERW) tech process.

    “Removal of carbon dioxide is critical to meet net-zero emissions by 2050. With Alt Carbon, we have a formidable partner with highly innovative technology in a breakthrough Enhanced Rock Weathering process that locks carbon in the ocean sink. From removing carbon, helping local farmers, and stringent testing measures to generate CDR credits, Alt Carbon is uniquely positioned to capture the ERW market. MC’s commitment to decarbonization is unwavering and reflects our dedication to a sustainable future, as we scale the CDR industry through our collaboration with Alt Carbon in ERW,” said Tadashi Sawamura, GM, Carbon Management Dept., Mitsubishi Corporation.

    Alt Carbon deploys a process called ERW that takes crushed basalt rock and spreads it on large swathes of agricultural land. The rock’s natural reaction with rainwater pulls the CO2 from the air & stores it in the soil, thereby improving crop yields. This dissolved inorganic carbon ultimately reaches the ocean via river networks and remains locked in the ocean for 10,000+ years. 

    ERW is one of the novel techniques for Carbon Removal (CDR) that has been advocated by the The Intergovernmental Panel on Climate Change (IPCC) as a critical tool for reaching Net Zero by 2050. Alt Carbon is tapping into the increased demand for high quality, durable, traceable, carbon removal projects – and it’s operating in a growing market. Alt Carbon’s in-house MRV, team of scientists from the Indian Institute of Science, Bangalore, and the Darjeeling-Climate Action Lab (D-CAL) make it one of the leading carbon removal companies in the Global South, ideally placed to remove CO2 at a gigaton scale.

    “Having an institution like Mitsubishi Corporation recognise and support our efforts entrenches our belief in the science and technology behind ERW for carbon removal. In 15 months, we have rigorously tested and modelled our operations and technology in the single pursuit of removing carbon dioxide. This is just the first step, but it feels like a giant leap as MC partners with us to make India a hub for carbon removal,” said Co-founder & CEO Shrey Agarwal, Alt Carbon. 

    Alt Carbon is the first Indian headquartered company to receive a prepurchase agreement from Frontier, an Advance Market Commitment to purchase $1+ billion of permanent carbon removal by 2030. As part of this agreement, Alt Carbon received $500,000 for the purchase of high quality, durable carbon removal tons that have been generated through the Enhanced Rock Weathering process. The participating buyers included Stripe, Shopify, Alphabet, Meta and Watershed (on behalf of Match). Alt Carbon also became the first ERW company globally to receive an offtake agreement from the South Pole & Mitsubishi-led NextGen buyer’s coalition.   

    In order to meaningfully undertake climate action, we require gigaton level projects — i.e. projects that have a shot at removing 1 billion tons of CO2 every year. Alt Carbon is targeting reaching up to 500,000 hectares of land in North East India’s tea belt by 2030, as part of the Darjeeling Revival Project, removing upwards of 5 million tonnes of CO2 every year. Beyond that, the company aims to scale up its operations in South Asia to further work towards its goal of removing 1 billion tons of CO2, each and every year. 

    Notes to the editor
    Media images can be found here. For further information please contact the Alt Carbon press office: Adithya Venkatesan on adithya@alt-carbon.com or +91 94811 74420

    About Alt Carbon
    Alt Carbon is a co2 Removal (cdr) company based out of India transforming Darjeeling’s struggling tea industry from being at-risk from the effects of climate change, to becoming pioneers for climate action. Alt Carbon is on a mission to capture vast amounts of CO2 from the atmosphere. Its ambitious goal is to remove 5M MT of CO2 by 2030, with the ultimate aim of reaching a billion tons – for good. For more information please visit https://www.alt-carbon.com/ or follow via LinkedIn. 

    Media Contact:

    Name: Adithya Venkatesan

    Company Name: Alt Carbon

    Designation: Head of Brand

    Email Address: adithya@alt-carbon.com

    Website Link: https://www.alt-carbon.com/

    Disclaimer: This press release is provided by the Alt Carbon. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d8f7c1b5-2498-42d7-9535-fd8d0fce67fd

    The MIL Network –

  • MIL-OSI China: China, Thailand to hold joint maritime exercise

    Source: China State Council Information Office 2

    China and Thailand will hold a joint maritime exercise near Zhanjiang, in south China’s Guangdong Province, from late March to early April, China’s Ministry of National Defense said on Monday.
    The exercise will focus on urban counter-terrorism tactics, joint maritime strike operations, and anti-submarine warfare training, the ministry said on its website.
    This marks the sixth iteration of this series of joint exercises between the two navies — which will deepen practical cooperation and enhance joint operational capabilities, the ministry added.

    MIL OSI China News –

  • MIL-OSI China: S. Korea’s court holds 2nd preparatory hearing of President Yoon’s criminal trial

    Source: China State Council Information Office

    South Korea’s court on Monday held the second preparatory hearing of the impeached President Yoon Suk-yeol’s criminal trial.

    The second preliminary hearing was held at a courtroom of the Seoul Central District Court around 10:00 a.m. local time (0100 GMT) to clarify the main disputes and evidence.

    Yoon was absent from the hearing after attending the first one on Feb. 20. The first formal hearing was scheduled for April 14.

    Finance and foreign ministers will be questioned during the first formal hearing, as witnesses at the request of the prosecution.

    Yoon was released on March 8 as the prosecution decided not to appeal against a court’s release approval.

    The Seoul Central District Court approved the release of the arrested president, accepting Yoon’s request to cancel his detention that was made by his legal team on Feb. 4.

    Yoon was apprehended in the presidential office on Jan. 15 and was indicted under detention on Jan. 26 as a suspected ringleader of insurrection, becoming the country’s first sitting president to be arrested and prosecuted.

    Yoon declared an emergency martial law on the night of Dec. 3 last year, but it was revoked by the opposition-led National Assembly hours later.

    A motion to impeach Yoon was passed in the National Assembly on Dec. 14, and since then the constitutional court has held 11 hearings on Yoon’s impeachment. 

    MIL OSI China News –

  • MIL-OSI China: Rubber-tapping robots designed to alleviate labor shortage

    Source: China State Council Information Office 3

    In a bid to tackle the chronic labor shortages plaguing its natural rubber industry, China has unveiled a mobile rubber-tapping robot, marking a leap forward in agricultural automation.

    Developed jointly by the Chinese Academy of Tropical Agricultural Sciences (CATAS) and Beijing-based tech firm Automotive Walking Technology, the self-navigating robot is set to undergo trials in rubber plantations in south China’s Hainan Province during the upcoming tapping season in April.

    In a demonstration video, the robot can be seen approaching a rubber tree, before halting with pinpoint accuracy and then extending its robotic arm to execute a precise cutting motion on the trunk. Within seconds after this cutting motion, the video reveals milky-white latex flowing steadily from the incision made by the robot.

    China’s natural rubber sector, vital for tire manufacturing and as a source of industrial supplies, is currently facing a significant workforce deficit due to its grueling working conditions, nocturnal shifts and high incidence of occupational diseases.

    “The rubber-tapping robots have been developed to address the exodus of rubber tappers, which is the industry’s critical pain point,” said Cao Jianhua, deputy director of the CATAS rubber research institute.

    The robot, equipped with a multi-degree-of-freedom robotic arm and caterpillar-track mobility, leverages AI-driven technologies to adapt to complex terrain and perform precision cuts.

    Its navigation system combines laser radar and multi-sensor fusion algorithms, enabling high-precision positioning in dense plantations. Also, visual tech determines tree bark depth and cutting angles, achieving 80 percent manual harvesting efficiency with matching latex quality.

    The rubber-tapping robot can harvest 100 to 120 trees per hour, powered by lithium batteries that provide over 8 hours of continuous operation. Notably, its 20-second rapid battery swap capability ensures uninterrupted workflow in large plantations.

    Once in the mass-production phase, the cost of the rubber-tapping robot will drop below 100,000 yuan (13,820 U.S. dollars), and for a 50-mu (3.33 hectares) rubber garden, robot-based tapping will recoup the purchase cost within about 18 months, Sun Yao, co-founder of Automotive Walking Technology, told Xinhua.

    “We’ve been in discussions with several multinational tire companies and rubber growers throughout Southeast Asia, including in Indonesia and Thailand, and they’re showing strong interest in our product,” said Cao.

    Cao’s team is continuing to refine its technology. Soon, users will be able to monitor the robots directly from their smartphones, get a clear picture of the rubber garden’s status, and use more big data and AI technologies for fully automated management.

    MIL OSI China News –

  • MIL-OSI China: Jinhua launches global initiative to expand trade

    Source: China State Council Information Office 3

    A major manufacturing city in east China’s Zhejiang Province has kicked off its 2025 global trade promotion initiative in a bid to boost exports, amid rising trade protectionism and weakening demand in key global markets.

    As the first step of this endeavor, a delegation of 55 companies from the city of Jinhua, home to some 2 million market entities, participated in the National Hardware Show in Las Vegas in the United States from March 18 to 20.

    “Participating in exhibitions can help us win new customers and also strengthen relationships with old customers. It also allows us to better understand customer demands and experience,” said Li Xing, general manager of Jinhua Bangte Electric Co., Ltd.

    Li’s company took over 10 types of hardware and electrical accessories to the exhibition to further tap the U.S. market. Ahead of the trade show, he visited clients in Chicago, Los Angeles and New York to gain deeper market insights and explore potential partnerships.

    “As long as we step out overseas, there will be rewards,” said Li. His company, which mainly exports to the United States and Canada, has achieved annual exports of more than 100 million yuan (about 13.93 million U.S. dollars) on average over the past three years.

    Amid rising tariffs on Chinese goods, Li acknowledged the challenges posed by increased costs. He revealed that his company was negotiating with clients to share the burden. He is also working on establishing a U.S.-based trading company to build overseas warehouses to reduce logistics and warehousing costs.

    Zhejiang Seacoast Industrial Co., Ltd., another exhibitor, received positive feedback at the Las Vegas expo regarding its new balcony and courtyard tables and chairs.

    “The United States is an important export destination for China’s hardware and garden products,” said Gao Junting, general manager of Seacoast Industrial. “Through this exhibition, we aim to expand our offline customer base and enter major U.S. supermarkets.”

    Gao noted that rising living costs in the United States are driving consumers to seek affordable yet high-quality products. “This presents an opportunity for us.”

    Beyond the United States, Seacoast Industrial has made significant progress in expanding into Europe, Australia, South America and Asia.

    Currently, about 15 percent of its exports, approximately 5 million U.S. dollars annually, are achieved via online platforms like Amazon in the United States, while over 80 percent goes to clients in Europe, Australia, South America and Asia.

    The city of Jinhua is intensifying its global trade efforts. In 2025, the city plans to organize delegations of exporters to participate in seven more trade exhibitions in Russia, Thailand, Indonesia, South Africa, Britain, Morocco and Türkiye.

    These exhibitions will showcase a wide range of products such as hardware tools, gardening products, kitchen and bathroom products, and lighting equipment.

    With the help of new trade models, including cross-border e-commerce, Jinhua reported strong trade growth in 2024, with total exports rising 16.4 percent year on year to 771.9 billion yuan. The number of local companies engaged in international trade surpassed 17,000 in 2024, a year-on-year increase of 10.3 percent. 

    MIL OSI China News –