Category: Asia

  • MIL-OSI Asia-Pac: Index Numbers of Wholesale Price in India for the Month of January, 2025 (Base Year: 2011-12)

    Source: Government of India (2)

    Posted On: 14 FEB 2025 12:00PM by PIB Delhi

    The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 2.31% (provisional) for the month of January, 2025 (over January, 2024). Positive rate of inflation in January, 2025 is primarily due to increase in prices of manufacture of food products, food articles, other manufacturing, non-food articles and manufacture of textiles etc. The index numbers and inflation rate for the last three months of all commodities and WPI components are given below:

    Index Numbers and Annual Rate of Inflation (Y-o-Y in %)*

    All Commodities/Major Groups

    Weight (%)

    November-24 (F)

    December-24 (P)

    January-25 (P)

    Index

    Inflation

    Index

    Inflation

    Index

    Inflation

    All Commodities

    100.00

    156.4

    2.16

    155.4

    2.37

    154.7

    2.31

    I. Primary Articles

    22.62

    197.9

    5.49

    193.8

    6.02

    189.9

    4.69

    II. Fuel & Power

    13.15

    149.9

    -4.03

    149.9

    -3.79

    150.6

    -2.78

    III. Manufactured Products

    64.23

    143.1

    2.07

    143.0

    2.14

    143.2

    2.51

    Food Index

    24.38

    200.2

    8.86

    195.9

    8.89

    191.4

    7.47

    Note: F: Final, P: Provisional, *Annual rate of WPI inflation calculated over the corresponding month of previous year

     

    2. The month over month change in WPI for the month of January, 2025 stood at (-) 0.45% as compared to December, 2024. The monthly change in WPI for last six-month is summarized below:

     

    Month Over Month (M-o-M in %) change in WPI Index#

    All Commodities/Major Groups

    Weight

    Aug-24

    Sep-24

    Oct-24

    Nov-24

    Dec-24 (P)

    Jan-25 (P)

    All Commodities

    100.00

    -0.58

    0.19

    1.29

    -0.19

    -0.64

    -0.45

    I. Primary Articles

    22.62

    -1.37

    0.21

    2.61

    -1.35

    -2.07

    -2.01

    II. Fuel & Power

    13.15

    0.07

    -0.74

    1.09

    0.74

    0.00

    0.47

    III. Manufactured Products

    64.23

    -0.28

    0.42

    0.70

    0.14

    -0.07

    0.14

    Food Index

    24.38

    -1.23

    1.45

    3.22

    -0.99

    -2.15

    -2.30

    Note: P: Provisional, #Monthly rate of change, based on month over month (M-o-M) WPI calculated over the preceding month

     

    3. Month-over-Month Change in Major Groups of WPI:

    1. Primary Articles (Weight 22.62%): – The index for this major group decreased by 2.01% to 189.9 (provisional) in January, 2025 from 193.8 (provisional) for the month of December, 2024. Price of food articles (-3.62%) decreased in January, 2025 as compared to December, 2024. The Price of crude petroleum & natural gas (6.34%), non-food articles (0.66%) and minerals (0.22%) increased in January, 2025 as compared to December, 2024.
    2. Fuel & Power (Weight 13.15%): – The index for this major group increased by 0.47% to 150.6 (provisional) in January, 2025 from 149.9 (provisional) for the month of December, 2024. Price of mineral oils (0.71%) and electricity (0.20%) increased in January, 2025 as compared to December, 2024. The price of coal has remained same as in the previous month.
    3. Manufactured Products (Weight 64.23%): – The index for this major group increased by 0.14% to 143.2 (Provisional) in January, 2025 from 143.0 (Provisional) for the month of December, 2024. Out of the 22 NIC two-digit groups for manufactured products, 15 groups witnessed an increase in prices, 5 groups witnessed a decrease in prices and 2 groups witnessed no change in prices. Some of the important groups that showed month-over-month increase in prices were other manufacturing; manufacture of food products; machinery & equipment; chemicals & chemical products; pharmaceuticals, medicinal chemical & botanical products etc. Some of the groups that witnessed a decrease in prices were manufacture of basic metals; fabricated metal products, except machinery & equipment; wearing apparel; beverages; and other transport equipment in January, 2025 as compared to December, 2024.

    4. WPI Food Index (Weight 24.38%): The Food Index consisting of ‘food articles’ from primary articles group and ‘food product’ from manufactured products group decreased from 195.9 in December, 2024 to 191.4 in January, 2025. The annual rate of inflation based on WPI Food Index decreased from 8.89% in December, 2024 to 7.47% in January, 2025.

    5. Final Index for the month of November, 2024 (Base Year: 2011-12=100): For the month of November, 2024, the final Wholesale Price Index and inflation rate for ‘All Commodities’ (Base: 2011-12=100) stood at 156.4 and 2.16% respectively. The details of all India Wholesale Price Indices and Rates of Inflation for different commodity groups based on updated figures are at Annex I. The Annual rate of Inflation (Y-o-Y) based on WPI for different commodity groups in the last six months are at Annex II. WPI for different commodity groups in the last six months are at Annex III.

     

    1. Response Rate: The WPI for January, 2025 has been compiled at a weighted response rate of 90.4 per cent, while the final figure for November, 2024 is based on the weighted response rate of 95.5 per cent. The provisional figures of WPI will undergo revision as per the revision policy of WPI. This press release, item indices, and inflation numbers are available at our home page http://eaindustry.nic.in.
    2. Next date of Press Release: WPI for the month of February, 2025 would be released on 17/03/2025.

    Note: DPIIT releases index number of wholesale price in India on monthly basis on 14th of every month (or next working day, if 14th falls on holiday) with a time lag of two weeks of the reference month, and the index number is compiled with data received from institutional sources and selected manufacturing units across the country. This press release contains WPI (Base Year 2011-12=100) for the month of January, 2025 (Provisional), November, 2024 (Final) and other months/years. Provisional figures of WPI are finalised after 10 weeks (from the month of reference), and frozen thereafter.

    Annex-I

    All India Wholesale Price Indices and Rates of Inflation (Base Year: 2011-12=100) for January, 2025

    Commodities/Major Groups/Groups/Sub-Groups/Items

    Weight

    Index

    January-25*

    Month over Month (MoM)

    Cumulative Inflation (YoY)

    Rate of Inflation (YoY)

    Jan-24

    Jan-25*

    Apr-Jan 2023-24

    Apr-Jan 2024-25*

    Jan-24

    Jan-25*

    ALL COMMODITIES

    100.00

    154.7

    -0.40

    -0.45

    -0.92

    2.22

    0.33

    2.31

    I. PRIMARY ARTICLES

    22.62

    189.9

    -0.77

    -2.01

    3.33

    5.81

    4.07

    4.69

    A. Food Articles

    15.26

    199.9

    -1.26

    -3.62

    6.52

    8.27

    6.91

    5.88

    Cereals

    2.82

    212.3

    -0.10

    0.38

    7.03

    8.25

    4.60

    7.33

    Paddy

    1.43

    203.1

    -0.42

    -1.07

    8.96

    9.24

    9.51

    6.22

    Wheat

    1.03

    219.6

    -0.20

    1.76

    4.46

    7.42

    -1.86

    9.75

    Pulses

    0.64

    217.0

    -3.19

    -3.13

    13.69

    13.36

    15.95

    5.08

    Vegetables

    1.87

    223.1

    -8.24

    -22.72

    7.32

    21.40

    19.02

    8.35

    Potato

    0.28

    295.4

    -10.70

    -19.44

    -22.91

    77.02

    -8.18

    74.28

    Onion

    0.16

    316.6

    -30.41

    -23.55

    40.16

    43.48

    23.04

    28.33

    Fruits

    1.60

    196.4

    -1.90

    1.60

    -0.60

    10.30

    0.89

    15.12

    Milk

    4.44

    187.2

    0.33

    0.75

    7.93

    3.36

    5.44

    2.69

    Eggs, Meat & Fish

    2.40

    174.7

    1.81

    0.00

    1.28

    0.63

    -0.76

    3.56

    B. Non-Food Articles

    4.12

    167.4

    0.18

    0.66

    -5.69

    -1.14

    -6.39

    2.95

    Oil Seeds

    1.12

    183.0

    -1.19

    0.11

    -9.99

    -2.37

    -9.18

    -0.05

    C. Minerals

    0.83

    230.1

    2.76

    0.22

    8.14

    5.14

    10.58

    2.86

    D. Crude Petroleum & Natural gas

    2.41

    150.9

    -0.33

    6.34

    -4.78

    -0.65

    0.20

    -0.53

    Crude Petroleum

    1.95

    130.0

    2.10

    8.79

    -11.22

    -1.06

    4.13

    -0.76

    II. FUEL & POWER

    13.15

    150.6

    -0.58

    0.47

    -5.19

    -1.73

    -0.45

    -2.78

    LPG

    0.64

    123.7

    -0.49

    -0.72

    -12.16

    3.23

    0.41

    2.23

    Petrol

    1.60

    150.8

    -0.45

    1.07

    -3.74

    -3.67

    0.26

    -3.64

    HSD

    3.10

    165.6

    -0.12

    0.61

    -11.19

    -3.47

    -5.29

    -3.61

    III. MANUFACTURED PRODUCTS

    64.23

    143.2

    -0.21

    0.14

    -1.81

    1.45

    -1.20

    2.51

    Mf/o Food Products

    9.12

    177.0

    -0.50

    0.17

    -3.46

    6.34

    -1.72

    10.42

    Vegetable & Animal Oils and Fats

    2.64

    186.6

    -0.43

    1.58

    -21.97

    12.77

    -15.59

    33.10

    Mf/o Beverages

    0.91

    134.4

    0.30

    -0.15

    2.11

    1.98

    2.00

    1.51

    Mf/o Tobacco Products

    0.51

    177.4

    0.87

    0.23

    5.04

    1.96

    5.00

    1.84

    Mf/o Textiles

    4.88

    136.9

    0.22

    0.00

    -6.36

    1.14

    -2.26

    2.16

    Mf/o Wearing Apparel

    0.81

    154.1

    -0.66

    -0.19

    1.51

    1.69

    1.21

    2.12

    Mf/o Leather and Related Products

    0.54

    126.3

    -0.48

    0.56

    1.65

    0.61

    1.90

    2.27

    Mf/o Wood and of Products of Wood and Cork

    0.77

    149.3

    0.34

    0.20

    1.95

    2.12

    3.49

    0.81

    Mf/o Paper and Paper Products

    1.11

    139.4

    0.22

    0.36

    -7.95

    -1.32

    -6.47

    0.50

    Mf/o Chemicals and Chemical Products

    6.47

    136.7

    -0.22

    0.22

    -6.07

    -0.58

    -5.51

    0.96

    Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products

    1.99

    145.0

    -0.21

    0.62

    1.49

    1.04

    0.56

    1.40

    Mf/o Rubber and Plastics Products

    2.30

    129.3

    -0.24

    0.15

    -1.93

    1.16

    -1.09

    1.65

    Mf/o other Non-Metallic Mineral Products

    3.20

    131.8

    -0.74

    0.38

    1.08

    -2.84

    -0.67

    -1.93

    Cement, Lime and Plaster

    1.64

    130.0

    -1.22

    0.39

    0.55

    -5.60

    -1.22

    -5.25

    Mf/o Basic Metals

    9.65

    137.1

    -0.57

    -0.36

    -5.16

    -1.13

    -4.60

    -1.22

    Mild Steel – Semi Finished Steel

    1.27

    116.7

    -0.51

    -0.17

    -5.35

    -2.20

    -6.16

    -0.43

    Mf/o Fabricated Metal Products, Except Machinery and Equipment

    3.15

    135.4

    -0.07

    -0.51

    -0.02

    -2.12

    -0.07

    -1.74

    Note: * = Provisional. Mf/o = Manufacture of

     

    Annex-II

    WPI Inflation (Base Year: 2011-12=100) for last 6 months

    Commodities/Major Groups/Groups/Sub-Groups/Items

    Weight

    WPI based inflation (YoY) figures for last 6 months

    Aug-24

    Sep-24

    Oct-24

    Nov-24

    Dec-24*

    Jan-25*

    ALL COMMODITIES

    100.00

    1.25

    1.91

    2.75

    2.16

    2.37

    2.31

    I. PRIMARY ARTICLES

    22.62

    2.52

    6.48

    8.26

    5.49

    6.02

    4.69

    A. Food Articles

    15.26

    3.06

    11.48

    13.49

    8.48

    8.47

    5.88

    Cereals

    2.82

    8.66

    8.50

    7.80

    7.71

    6.82

    7.33

    Paddy

    1.43

    9.60

    8.77

    7.47

    7.58

    6.93

    6.22

    Wheat

    1.03

    7.38

    7.71

    8.04

    8.20

    7.63

    9.75

    Pulses

    0.64

    18.27

    12.94

    9.27

    5.97

    5.02

    5.08

    Vegetables

    1.87

    -9.95

    48.97

    62.86

    29.34

    28.65

    8.35

    Potato

    0.28

    77.78

    77.29

    79.11

    82.64

    93.20

    74.28

    Onion

    0.16

    67.25

    81.43

    39.25

    1.08

    16.81

    28.33

    Fruits

    1.60

    16.75

    12.17

    13.60

    5.59

    11.16

    15.12

    Milk

    4.44

    3.51

    2.94

    3.00

    2.04

    2.26

    2.69

    Eggs, Meat & Fish

    2.40

    -0.75

    -0.92

    -0.52

    3.16

    5.43

    3.56

    B. Non-Food Articles

    4.12

    -1.84

    -1.46

    -1.34

    -0.61

    2.46

    2.95

    Oil Seeds

    1.12

    -4.90

    -0.49

    1.98

    0.32

    -1.35

    -0.05

    C. Minerals

    0.83

    10.75

    1.04

    4.51

    6.30

    5.47

    2.86

    D. Crude Petroleum & Natural gas

    2.41

    1.77

    -13.04

    -11.80

    -7.74

    -6.77

    -0.53

    Crude Petroleum

    1.95

    -0.98

    -16.78

    -12.49

    -7.20

    -6.86

    -0.76

    II. FUEL & POWER

    13.15

    -0.54

    -3.85

    -4.31

    -4.03

    -3.79

    -2.78

    LPG

    0.64

    14.40

    13.18

    2.57

    1.81

    2.47

    2.23

    Petrol

    1.60

    -4.23

    -7.10

    -7.35

    -6.83

    -5.09

    -3.64

    HSD

    3.10

    -3.03

    -5.33

    -6.23

    -5.68

    -4.30

    -3.61

    III. MANUFACTURED PRODUCTS

    64.23

    1.00

    1.07

    1.78

    2.07

    2.14

    2.51

    Mf/o Food Products

    9.12

    3.54

    6.61

    9.39

    9.57

    9.68

    10.42

    Vegetable & Animal Oils and Fats

    2.64

    2.03

    14.09

    26.03

    28.83

    30.47

    33.10

    Mf/o Beverages

    0.91

    1.98

    2.28

    2.13

    2.28

    1.97

    1.51

    Mf/o Tobacco Products

    0.51

    1.97

    2.13

    1.09

    1.14

    2.49

    1.84

    Mf/o Textiles

    4.88

    1.34

    1.12

    0.89

    1.42

    2.39

    2.16

    Mf/o Wearing Apparel

    0.81

    1.53

    1.99

    1.25

    1.52

    1.65

    2.12

    Mf/o Leather and Related Products

    0.54

    -0.48

    0.89

    1.37

    1.45

    1.21

    2.27

    Mf/o Wood and of Products of Wood and Cork

    0.77

    3.17

    1.43

    1.09

    0.54

    0.95

    0.81

    Mf/o Paper and Paper Products

    1.11

    0.58

    1.01

    0.94

    0.07

    0.36

    0.50

    Mf/o Chemicals and Chemical Products

    6.47

    0.29

    0.15

    -0.22

    0.29

    0.52

    0.96

    Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products

    1.99

    2.12

    0.98

    0.42

    1.19

    0.56

    1.40

    Mf/o Rubber and Plastics Products

    2.30

    1.57

    0.55

    1.89

    1.42

    1.25

    1.65

    Mf/o other Non-Metallic Mineral Products

    3.20

    -3.85

    -3.26

    -3.83

    -2.38

    -3.03

    -1.93

    Cement, Lime and Plaster

    1.64

    -7.13

    -6.19

    -7.20

    -5.38

    -6.77

    -5.25

    Mf/o Basic Metals

    9.65

    -1.64

    -3.71

    -2.04

    -1.14

    -1.43

    -1.22

    Mild Steel – Semi Finished Steel

    1.27

    -5.22

    -6.24

    -1.67

    -0.68

    -0.76

    -0.43

    Mf/o Fabricated Metal Products, Except Machinery and Equipment

    3.15

    -1.66

    -2.22

    -2.81

    -2.87

    -1.31

    -1.74

    Note: * = Provisional. Mf/o = Manufacture of

     

     

    Annex-III

    Wholesale Price Indices (Base Year: 2011-12=100) for last 6 months

    Commodities/Major Groups/Groups/Sub-Groups/Items

    Weight

    WPI Numbers for last 6 months

    Aug-24

    Sep-24

    Oct-24

    Nov-24

    Dec-24*

    Jan-25*

    ALL COMMODITIES

    100.00

    154.4

    154.7

    156.7

    156.4

    155.4

    154.7

    I. PRIMARY ARTICLES

    22.62

    195.1

    195.5

    200.6

    197.9

    193.8

    189.9

    A. Food Articles

    15.26

    209.0

    210.8

    217.9

    213.7

    207.4

    199.9

    Cereals

    2.82

    204.6

    206.8

    208.6

    211.0

    211.5

    212.3

    Paddy

    1.43

    202.0

    203.4

    204.4

    205.9

    205.3

    203.1

    Wheat

    1.03

    202.2

    205.4

    209.6

    213.8

    215.8

    219.6

    Pulses

    0.64

    233.7

    237.4

    234.5

    230.8

    224.0

    217.0

    Vegetables

    1.87

    303.3

    310.9

    360.9

    334.6

    288.7

    223.1

    Potato

    0.28

    393.6

    376.2

    375.6

    384.1

    366.7

    295.4

    Onion

    0.16

    391.2

    493.3

    478.2

    495.8

    414.1

    316.6

    Fruits

    1.60

    207.7

    209.3

    210.5

    198.4

    193.3

    196.4

    Milk

    4.44

    185.9

    185.3

    185.6

    185.2

    185.8

    187.2

    Eggs, Meat & Fish

    2.40

    173.1

    172.6

    171.0

    173.1

    174.7

    174.7

    B. Non-Food Articles

    4.12

    160.2

    162.2

    161.9

    162.8

    166.3

    167.4

    Oil Seeds

    1.12

    178.6

    184.6

    185.4

    185.6

    182.8

    183.0

    C. Minerals

    0.83

    227.6

    223.2

    229.6

    229.4

    229.6

    230.1

    D. Crude Petroleum & Natural gas

    2.41

    155.0

    146.1

    147.3

    146.7

    141.9

    150.9

    Crude Petroleum

    1.95

    131.6

    123.5

    126.1

    125.0

    119.5

    130.0

    II. FUEL & POWER

    13.15

    148.3

    147.2

    148.8

    149.9

    149.9

    150.6

    LPG

    0.64

    114.4

    116.8

    119.8

    123.6

    124.6

    123.7

    Petrol

    1.60

    153.9

    151.7

    149.9

    148.7

    149.2

    150.8

    HSD

    3.10

    166.7

    165.1

    164.2

    164.4

    164.6

    165.6

    III. MANUFACTURED PRODUCTS

    64.23

    141.3

    141.9

    142.9

    143.1

    143.0

    143.2

    Mf/o Food Products

    9.12

    166.5

    171.0

    175.9

    177.5

    176.7

    177.0

    Vegetable & Animal Oils and Fats

    2.64

    150.5

    162.8

    178.2

    183.2

    183.7

    186.6

    Mf/o Beverages

    0.91

    134.0

    134.3

    134.5

    134.7

    134.6

    134.4

    Mf/o Tobacco Products

    0.51

    176.0

    177.5

    176.0

    177.0

    177.0

    177.4

    Mf/o Textiles

    4.88

    135.9

    135.8

    135.9

    136.1

    136.9

    136.9

    Mf/o Wearing Apparel

    0.81

    152.9

    153.6

    153.9

    153.7

    154.4

    154.1

    Mf/o Leather and Related Products

    0.54

    124.9

    125.0

    125.7

    125.8

    125.6

    126.3

    Mf/o Wood and of Products of Wood and Cork

    0.77

    149.5

    148.6

    148.7

    148.5

    149.0

    149.3

    Mf/o Paper and Paper Products

    1.11

    139.8

    139.8

    139.8

    138.5

    138.9

    139.4

    Mf/o Chemicals and Chemical Products

    6.47

    136.7

    136.5

    136.3

    136.4

    136.4

    136.7

    Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products

    1.99

    144.8

    144.1

    143.5

    144.1

    144.1

    145.0

    Mf/o Rubber and Plastics Products

    2.30

    129.1

    128.7

    129.6

    128.6

    129.1

    129.3

    Mf/o other Non-Metallic Mineral Products

    3.20

    129.8

    130.6

    130.4

    131.4

    131.3

    131.8

    Cement, Lime and Plaster

    1.64

    127.7

    128.9

    128.8

    130.1

    129.5

    130.0

    Mf/o Basic Metals

    9.65

    138.3

    137.7

    139.3

    138.6

    137.6

    137.1

    Mild Steel – Semi Finished Steel

    1.27

    114.4

    114.1

    118.0

    117.5

    116.9

    116.7

    Mf/o Fabricated Metal Products, Except Machinery and Equipment

    3.15

    136.6

    136.3

    135.0

    135.3

    136.1

    135.4

    Note: * = Provisional. Mf/o = Manufacture of

    ***

    Abhishek Dayal/ Abhijith Narayanan

    (Release ID: 2103131) Visitor Counter : 20

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Central Consumer Protection Authority (CCPA) imposes penalty of ₹ 3 Lakh on coaching institute for advertising misleading claims of IIT- JEE results

    Source: Government of India

    Central Consumer Protection Authority (CCPA) imposes penalty of ₹ 3 Lakh on coaching institute for advertising misleading claims of IIT- JEE results

    46 notices to various coaching institutes issued so far

    Posted On: 14 FEB 2025 12:00PM by PIB Delhi

    The Central Consumer Protection Authority (CCPA) has imposed penalty of ₹ 3 lakh on IITian’s Prashikshan Kendra Pvt. Ltd. (IITPK) for advertising misleading claims regarding result of IIT- JEE examination. The decision was taken to ensure that no false or misleading advertisement is made of any goods or services which contravenes the provisions of the Consumer Protection Act, 2019.

    CCPA has so far issued 46 notices to various coaching institutes for misleading advertisements. The CCPA has imposed penalty of 77 lakhs 60 thousand on 24 coaching institutes and directed them to discontinue the misleading advertisements.

    In view of the violation of the Consumer Protection Act, 2019, the CCPA, headed by Chief Commissioner, Smt. Nidhi Khare, and Commissioner, Shri Anupam Mishra has issued an Order against IITian’s Prashikshan Kendra Pvt. Ltd. (IITPK).

    False impression of national level toppers: The institute’s advertisements prominently featured titles such as “IIT Topper” and “NEET Topper” alongside the bold numbers ‘1’ and ‘2’ in front of candidate names and pictures. This misrepresentation was designed to create the deceptive impression that these students had secured All India Rank in respective examinations. The institute deliberately concealed that students were merely toppers within the institute, not at the national level. These misrepresentation can significantly influence the decisions of students who are the target audience (primarily students of classes 7th to 12th, aged 14-17). They are likely to assume that the institute consistently produces top national performers, thus influencing their choice of coaching institute under false pretenses.

    Misleading claims of IIT ranks: The institute claimed, “1384 IIT Ranks in the past 21 years by IITPK,” suggesting that 1384 students coached by the institute secured admission into the prestigious Indian Institutes of Technology (IITs). Deceptive Implications: The advertisement did not clarify that not all 1384 students were selected into IITs. By using the phrase “IIT Ranks,” the institute misled consumers into believing that these students exclusively secured admission into IITs, thereby exaggerating its success rate. Upon investigation, the CCPA (Central Consumer Protection Authority) found that the list provided by the institute included students admitted to a variety of institutions, including IITs, IIITs, NITs, BITS, Manipal University, VIT Vellore, PICT Pune, MIT Pune, VIT Pune, and other educational institutions.

    Misleading success ratio claims: Inflated and Unqualified Statements: The institute used bold claims such as “Highest success ratio year after year,” “Best success ratio for 21 years,” and “Success Ratio at 61%” in its advertisements. These statements were presented without any supporting data or context, leading consumers to believe that 61% of the institute’s students secure admission into IITs. The institute did not provide any comparative analysis or third-party verification to substantiate these claims.  During hearings, the institute submitted that the term “Success Ratio” was clarified during webinars and one-on-one counseling sessions. However, the primary platform for these claims was the advertisements themselves, where no such clarification was provided. This strategy misleads potential students and parents by not presenting crucial information upfront.

    The CCPA found that the institute deliberately concealed important information that would have helped students make an informed decision when choosing a course or coaching institute/platform. Therefore, CCPA deemed it necessary to impose a penalty in the interest of impressionable students and address false or misleading advertisements and unfair trade practices.

    (Final Order is available on the Central Consumer Protection Authority website https://doca.gov.in/ccpa/orders-advisories.php?page_no=1)

    ****

    Abhishek Dayal/Nihi Sharma

    (Release ID: 2103128) Visitor Counter : 27

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Heartfulness Lord Buddha Trination Tri-Services Motorcycle Expedition to Cover Key Buddhist Sites Across Nepal, India, and Sri Lanka

    Source: Government of India (2)

    Heartfulness Lord Buddha Trination Tri-Services Motorcycle Expedition to Cover Key Buddhist Sites Across Nepal, India, and Sri Lanka

     Official flag-off will take place at Bodhgaya on 19th February 2025

    Posted On: 14 FEB 2025 11:18AM by PIB Delhi

    The Heartfulness Lord Buddha Trination Tri-Services Motorcycle Expedition is a historic and unique initiative uniting Nepal, India, and Sri Lanka in a journey through their shared Buddhist heritage. Under the leadership of Convener Shri Rahul Laxman Patil, the expedition is organized in association with the International Buddhist Confederation (IBC) along with other partners.

    The journey will commence on 16th February 2025 from Lumbini, Nepal, the birthplace of Lord Buddha, symbolizing the historical spread of Buddhism and reinforcing the deep-rooted cultural and spiritual connections among these countries. The expedition will cover significant Buddhist heritage sites across Nepal, India, and Sri Lanka.

    The Indian chapter of the expedition is being organized with the support of the Land Port Authority of India (under the Ministry of Home Affairs) and Nalanda University, Rajgir (under the Ministry of External Affairs), with BIMSTEC as the strategic partner and IBC as the guiding institution. The route will include key Buddhist landmarks such as:

    • Sarnath, Uttar Pradesh – The site of Buddha’s first sermon
    • Bodhgaya, Bihar – The place of Buddha’s enlightenment
    • Nalanda, Bihar – The renowned ancient Buddhist university
    • Nagarjuna Sagar, Andhra Pradesh – An important Buddhist learning center
    • Udayagiri, Odisha – A significant Buddhist monastic site
    • Karnataka – Various Buddhist sites reflecting India’s rich Buddhist legacy

    The official flag-off will take place at Bodhgaya on 19th February 2025, led by Shri Ram Nath Kovind, Former President of India, at this iconic Buddhist pilgrimage site. The expedition will then proceed to Sri Lanka, where it will receive a ceremonial welcome in Jaffna, marking the culmination of this historic journey. The Sri Lankan leg of the event will highlight the enduring Buddhist ties between the three nations and further promote cultural diplomacy.

    • The Heartfulness Lord Buddha Trination Tri-Services Motorcycle Expedition aims to:
    • Promote peace and harmony through the teachings of Buddha
    • Enhance cultural and heritage tourism across South Asia
    • Raise awareness on environmental conservation and sustainable development
    • Strengthen people-to-people and defence ties between India, Nepal, and Sri Lanka

    This initiative is a testament to the unifying power of Buddhism, fostering goodwill and cooperation between the three nations while celebrating their common spiritual and historical heritage.

    ***

    Sunil Kumar Tiwari

    pibculture[at]gmail[dot]com

    (Release ID: 2103111) Visitor Counter : 25

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: HKETO Jakarta celebrates Year of Snake in Manila (with photos)

    Source: Hong Kong Government special administrative region

    HKETO Jakarta celebrates Year of Snake in Manila (with photos)
    HKETO Jakarta celebrates Year of Snake in Manila (with photos)
    **************************************************************

         The Hong Kong Economic and Trade Office, Jakarta (HKETO Jakarta) hosted a business seminar and luncheon entitled Building a Stronger Future: The Synergistic Power of Fintech and Logistics in Manila, the Philippines, today (February 14) to celebrate the Year of the Snake. Some 200 guests from the local government, business, academic, cultural and media sectors attended the event.      In her welcome speech, the Director-General of the HKETO Jakarta, Miss Libera Cheng, noted that commercial and people-to-people ties between Hong Kong and the Philippines have continued to develop. Bilateral trade in goods amounted to US$13.9 billion last year, and Hong Kong was the fifth-largest trading partner and third-largest export market of the Philippines.      “The Philippines is Hong Kong’s largest source of tourist arrivals from the Association of Southeast Asian Nations (ASEAN). We welcomed close to 1.2 million Filipino visitors last year, far exceeding pre-pandemic levels. Hong Kong International Airport (HKIA) is connected to five major cities in the Philippines, not only enabling tourists to visit Hong Kong with ease, but also serving as an important international gateway to the Philippines. As we press ahead with the Skytopia airport city plan, HKIA will become a new world-leading commercial and logistics landmark.”      Miss Cheng added that fintech and logistics are the economic pillars of the future. Their synergistic power has driven the rapid growth of e-commerce and other sectors. In this regard, the Chief Executive introduced in his 2024 Policy Address a series of relevant measures, including expanding the geographical coverage of “E‑commerce Easy” under the Dedicated Fund on Branding, Upgrading and Domestic Sales to ASEAN countries, and holding the Hong Kong Shopping Festival in the ASEAN market in due course to help small and medium-sized enterprises tap into the local e‑commerce sales market.      “We also welcome Philippine enterprises to make use of various business-friendly measures, such as the reduction in the duty rate for liquor last year and the world-class gold storage facilities at HKIA, to fully leverage Hong Kong’s role as an international financial and trade centre.”      The Acting Deputy Director (Commercial Relations) of the HKETO Jakarta, Ms Ida Ho, moderated the subsequent panel discussion to explore with local industry leaders the latest developments of the relevant sectors and explore opportunities for co-operation between the two places.      Dignitaries attending the dinner included the Chinese Ambassador to the Philippines, Mr Huang Xilian; the Undersecretary of the Department of Trade and Industry of the Philippines, Ms Mary Jean Pacheco; the Mayor of Taguig, Ms Maria Laarni Lopez Cayetano; the Regional Director of South East Asia and South Asia of the Hong Kong Trade Development Council, Mr Ronald Ho; and senior representatives from major local business chambers.      The HKETO Jakarta will be hosting events in Malaysia in the coming two weeks to celebrate Chinese New Year. 

     
    Ends/Friday, February 14, 2025Issued at HKT 13:40

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: DH conducts enforcement operation “Pipepurge” against waterpipe smoking in no smoking areas (with photos)

    Source: Hong Kong Government special administrative region

    DH conducts enforcement operation “Pipepurge” against waterpipe smoking in no smoking areas (with photos)
    DH conducts enforcement operation “Pipepurge” against waterpipe smoking in no smoking areas (with photos)
    ******************************************************************************************

         The Tobacco and Alcohol Control Office (TACO) of the Department of Health (DH) conducted an enforcement operation, codenamed “Pipepurge”, in Mong Kok last night (February 13) against illegal waterpipe smoking activities in no smoking areas and a total of three fixed penalty notices (FPNs) were issued.          During the operation, officers from TACO (including plainclothes officers) carried out inspections and enforcement action at one bar in Mong Kok, and issued a total of three FPNs to persons illegally smoking waterpipes. TACO’s investigation is ongoing, and prosecution may also be taken against operators of the bar who are suspected of aiding and abetting smoking offences. TACO will also refer the cases to the Liquor Licensing Board for appropriate follow-up action.           Under the Ordinance, conducting a smoking act in a statutory no smoking area (such as indoor areas of bars or restaurants) is prohibited. Any person doing a smoking act in statutory no smoking areas is liable to a fixed penalty of $1,500. Moreover, where smoking products (including waterpipes) are sold, in bars or otherwise, the restrictions on the promotion and sale of smoking products stipulated in the Ordinance apply. Offenders are liable on a summary conviction to a maximum fine of $50,000. Venue managers of statutory no smoking areas are empowered by the Ordinance to request a smoking offender cease the act; if the offender is not co-operative, the manager may contact the Police for assistance.          In addition, under the Criminal Procedure Ordinance, any person who aids, abets, counsels or procures the commission by another person of any offence shall be guilty of the same offence.         “The DH will continue to closely monitor and take stringent enforcement action against illegal waterpipe smoking. Last year (2024), TACO conducted 162 operations against illegal waterpipe smoking activities in no smoking areas. A total of 162 FPNs were issued against smoking offenders, while 89 summonses were issued to staff members and operators of the bars/restaurants for other related offences,” the Head of TACO, Dr Fung Ying, said.           Dr Fung reminded the public that a waterpipe is also a smoking product, and its combustion of fuel (e.g. charcoal) releases carbon monoxide. Exposure to a low concentration of carbon monoxide can lead to a range of symptoms such as dizziness, headache, tiredness and nausea; whereas exposure to a high concentration of carbon monoxide can lead to impaired vision, disturbed co-ordination, unconsciousness, brain damage or even death. People should seek medical attention immediately if they suspect they are developing symptoms of carbon monoxide poisoning.          Due to deeper inhalation and longer smoking sessions, waterpipe users usually inhale more toxins than they would when smoking cigarettes. A typical one-hour waterpipe smoking session exposes the user to 100 to 200 times the volume of smoke inhaled from a single conventional cigarette. Moreover, sharing a waterpipe apparatus increases the risk of transmitting infectious diseases, such as tuberculosis.      Dr Fung cautioned against waterpipe smoking and the use of other smoking products. Smokers should quit smoking as early as possible for their own health and that of others. For more information on the hazards of waterpipe smoking, please visit www.livetobaccofree.hk/pdfs/waterpipe_leaflet_new.pdf.

     
    Ends/Friday, February 14, 2025Issued at HKT 13:00

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Text of PM’s remarks during SAMVAD programme in Thailand

    Source: Government of India (2)

    Posted On: 14 FEB 2025 10:20AM by PIB Delhi

    Namo Buddhaya!

    It is an honour to join you all for this edition of SAMVAD in Thailand. Many distinguished institutions and individuals from India, Japan, and Thailand  are working to make this event possible. I commend all of them for their efforts and extend my greetings to all participants.

    Friends,

    I take this opportunity to remember my friend, Mr. Shinzo  Abe. In 2015, the idea of SAMVAD emerged from my conversations with him. Since then, SAMVAD has travelled across various countries, fostering debate, dialogue, and deeper understanding

    Friends,

    I am delighted that this edition of SAMVAD is taking place in Thailand. Thailand has a rich culture, history, and heritage. It stands as a beautiful example of the shared philosophical and spiritual traditions of Asia.

    Friends,

    India and Thailand share deep cultural ties that span over two thousand years. The Ramayana and Ramakien connect us. Our shared reverence for Bhagwan Buddha unites us. Last year,  when we sent holy relics of Bhagwan Buddha to Thailand, millions of devotees paid their respects. Our nations also share a vibrant partnership across multiple sectors. India’s ‘Act East’ policy and Thailand’s ‘Act West’ policy complement each other, promoting mutual progress and prosperity. This conference marks another successful chapter in our friendship.

    Friends,

    The theme of SAMVAD speaks of the Asian Century. When people use this term, they often refer to Asia’s economic rise. However, this conference highlights that the Asian Century is not just about economic value but also about social values. The teachings of Bhagwan Buddha can guide the world in creating a peaceful and progressive era. His wisdom holds the power to lead us towards a human-centric future.

    Friends,

    One of the core themes of SAMVAD is conflict avoidance. Often, conflicts arise from the belief that only our path is correct while all others are wrong. Bhagwan Buddha offers insight  into this issue:

    इमेसु किर सज्जन्ति, एके समणब्राह्मणा |

    विग्गय्ह नं विवदन्ति,

    जना एकंगदस्सिनो ||

    This means that some people cling to their own views  and argue, seeing only one side as true. But multiple perspectives can exist on the same issue. This is why the Rig Veda states:

    एकं सद्विप्रा बहु॒धा वदन्ति |

    When we acknowledge that truth may be seen through different lenses,  we can avoid conflict.

    Friends,

    Another cause of conflict is perceiving others as fundamentally different from ourselves. Differences lead to distance, and distance can turn into discord.To counter this, a verse from the Dhammapada states:

    सब्बे तसन्ति दण्डस्स, सब्बे भायन्ति मच्चुनो |

    अत्तानं उपमं कत्वा, न हनेय्य न घातये ||

    This means that everyone fears pain and death. By recognizing others as similar to ourselves, we can ensure that no harm or violence occurs. If these words are followed, conflict can be avoided.

    Friends,

    Many of the world’s issues stem from taking extreme positions rather than a balanced approach. Extreme views lead to conflicts, environmental crises, and even stress-related health problems. The solution to such challenges lies in the teachings of Bhagwan Buddha. He urged us to follow the Middle Path and avoid extremes. The principle of moderation remains relevant today and offers guidance in addressing global challenges.

    Friends,

    Today, conflicts extend beyond people and nations- humanity is increasingly in conflict with nature. This has led to an environmental crisis that threatens our planet. The answer to this challenge lies in the shared traditions of Asia, rooted in the principles of Dhamma. Hinduism, Buddhism, Shintoism, and other Asian traditions teach us to live in harmony with nature. We do not see ourselves as separate from nature but as a part of it. We believe in the concept of trusteeship, as advocated by Mahatma Gandhi. When using natural resources for progress today, we must also consider our responsibility to future generations. This approach ensures  that resources are used for growth, not greed.

    Friends,

    I hail from Vadnagar, a small town in western India that was once a great seat of Buddhist learning. In the Indian Parliament, I represent Varanasi, which includes Sarnath. Sarnath is the sacred place where Bhagwan Buddha delivered his first discourse. It is a beautiful coincidence that places associated with Bhagwan Buddha have shaped my journey.

     Friends,

    Our reverence for Bhagwan Buddha is reflected in the policies of our government. We have developed tourism infrastructure to connect important Buddhist sites as part of the Buddhist Circuit. The ‘Buddha Purnima Express’ special train has been launched to facilitate travel within this circuit. The inauguration of the Kushinagar International Airport is a historic step that benefits international Buddhist pilgrims. Recently, we have announced various development initiatives for Bodh Gaya to enhance its infrastructure. I warmly invite pilgrims, scholars, and monks from around the world to visit India, the land of Bhagwan Buddha.

    Friends,

    Nalanda Mahavihara was one of the greatest universities in history. It was destroyed centuries ago by the forces of conflict. But we have shown our resilience  by now reviving it as a center of learning. With the blessings of Bhagwan Buddha, I am confident that Nalanda University will regain its former glory. A significant step has also been taken to promote Pali, the language in which Bhagwan Buddha delivered his teachings. Pali has been declared a classical language by our government, ensuring the preservation of its literature. Additionally, we have launched the Gyan Bharatam mission to identify and catalog ancient manuscripts. This will encourage documentation and digitalization for the benefit of scholars of Buddhism.

    Friends,

    Over the past decade, we have collaborated with many nations to promote the teachings of Bhagwan Buddha. Recently, the First Asian Buddhist Summit was held in India under the theme ‘The Role of Buddha Dhamma in Strengthening Asia. Earlier, India hosted the First Global Buddhist Summit. I had the honor of laying the foundation stone for the India International Center for Buddhist Culture & Heritage at Lumbini, Nepal. India has also contributed to the construction of the Lumbini Museum. Further, the ‘Concise Orders’ of Lord Buddha, Mongolian Kanjur of 108 volumes, were reprinted in India and distributed to monasteries in Mongolia. Our efforts in conservation of monuments in many countries, reinforce our commitment to Bhagwan Buddha’s legacy.

    Friends,

    It is encouraging that this edition of SAMVAD is hosting a religious roundtable, bringing together diverse religious leaders. I am confident that valuable insights will emerge from this platform, shaping a more harmonious world. Once again, I extend my gratitude to the people and Government of Thailand for hosting this conference. My best wishes to all participants  who have gathered here to advance this noble mission. May the light of Dhamma continue to guide us toward an era of peace, progress, and prosperity.

     

    ****

    MJPS/VJ

    (Release ID: 2103073) Visitor Counter : 29

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Prime Minister Shri Narendra Modi’s remarks during SAMVAD programme in Thailand

    Source: Government of India (2)

    Posted On: 14 FEB 2025 10:04AM by PIB Delhi

    The Prime Minister Shri Narendra Modi delivered his remarks, during the SAMVAD programme organised in Thailand, via video message today. Addressing the gathering, he expressed his honor of joining the edition of SAMVAD in Thailand, commending the distinguished institutions and individuals from India, Japan, and Thailand for making the event possible. He extended his greetings to all participants.

    The Prime Minister took the opportunity to remember his friend, Mr. Shinzo Abe, highlighting that the idea of SAMVAD emerged from their conversations in 2015. Since then, SAMVAD has travelled across various countries, fostering debate, dialogue, and deeper understanding.

    Highlighting his delight that this edition of SAMVAD is taking place in Thailand, a country with rich culture, history, and heritage, Shri Modi emphasized that Thailand stands as a beautiful example of the shared philosophical and spiritual traditions of Asia.

    Underlining the deep cultural ties shared by India and Thailand, spanning over two thousand years, the Prime Minister remarked that the Ramayana and Ramakien connect the two nations and that their shared reverence for Bhagwan Buddha unites them. He noted that when India sent holy relics of Bhagwan Buddha to Thailand last year, millions of devotees paid their respects. Shri Modi emphasized the vibrant partnership across multiple sectors between India and Thailand, mentioning that India’s ‘Act East’ policy and Thailand’s ‘Act West’ policy complement each other, promoting mutual progress and prosperity. He remarked that this conference marks another successful chapter in the friendship between the two nations. 

    Highlighting the theme of SAMVAD, which speaks of the Asian Century, Shri Modi noted that while people often refer to Asia’s economic rise, this conference highlights that the Asian Century is not just about economic value but also about social values. He emphasized that the teachings of Bhagwan Buddha can guide the world in creating a peaceful and progressive era, and his wisdom holds the power to lead towards a human-centric future.

    Talking about one of the core themes of SAMVAD—conflict avoidance, the Prime Minister remarked that conflicts often arise from the belief that only one path is correct while others are wrong. He cited Bhagwan Buddha’s insight on this issue, noting that some people cling to their own views and argue, seeing only one side as true. He emphasized that multiple perspectives can exist on the same issue. He referenced the Rig Veda, stating that when we acknowledge that truth may be seen through different lenses, we can avoid conflict.

    Shri Modi highlighted another cause of conflict—perceiving others as fundamentally different from ourselves. He remarked that differences lead to distance, and distance can turn into discord. To counter this, he cited a verse from the Dhammapada, which states that everyone fears pain and death. He emphasized that by recognizing others as similar to ourselves, we can ensure that no harm or violence occurs. He added that if these words are followed, conflict can be avoided.

    “Many of the world’s issues stem from taking extreme positions rather than a balanced approach”, said Shri Modi. He highlighted that extreme views lead to conflicts, environmental crises, and even stress-related health problems. He emphasized that the solution to these challenges lies in the teachings of Bhagwan Buddha, who urged us to follow the Middle Path and avoid extremes. The principle of moderation, he noted, remains relevant today and offers guidance in addressing global challenges.

    The Prime Minister observed that conflicts today extend beyond people and nations, with humanity increasingly in conflict with nature. He remarked that this has led to an environmental crisis that threatens our planet. He emphasized that the answer to this challenge lies in the shared traditions of Asia, rooted in the principles of Dhamma. He mentioned that Hinduism, Buddhism, Shintoism, and other Asian traditions teach us to live in harmony with nature. He stated that we do not see ourselves as separate from nature but as a part of it. Shri Modi highlighted the concept of trusteeship, as advocated by Mahatma Gandhi, and emphasized that when using natural resources for progress today, we must also consider our responsibility to future generations. He remarked that this approach ensures that resources are used for growth, not greed.

    Shri Modi remarked that he hails from Vadnagar, a small town in western India that was once a great seat of Buddhist learning. In the Indian Parliament, he represents Varanasi, which includes Sarnath, the sacred place where Bhagwan Buddha delivered his first discourse. He noted that it is a beautiful coincidence that places associated with Bhagwan Buddha have shaped his journey. 

    “Our reverence for Bhagwan Buddha is reflected in the policies of the Indian Government”, said the Prime Minister. He mentioned that they have developed tourism infrastructure to connect important Buddhist sites as part of the Buddhist Circuit. He remarked that the ‘Buddha Purnima Express’ special train has been launched to facilitate travel within this circuit. He emphasized that the inauguration of the Kushinagar International Airport is a historic step that benefits international Buddhist pilgrims. He also announced various development initiatives for Bodh Gaya to enhance its infrastructure and warmly invited pilgrims, scholars, and monks from around the world to visit India, the land of Bhagwan Buddha.

    Remarking that Nalanda Mahavihara was one of the greatest universities in history, destroyed centuries ago by the forces of conflict, the Prime Minister emphasized that India has shown resilience by reviving it as a center of learning and expressed confidence that Nalanda University will regain its former glory with the blessings of Bhagwan Buddha. He highlighted the significant step taken to promote Pali, the language in which Bhagwan Buddha delivered his teachings, by declaring it a classical language to ensure the preservation of its literature. He also mentioned the launch of the Gyan Bharatam mission to identify and catalog ancient manuscripts, encouraging documentation and digitalization for the benefit of scholars of Buddhism.

    Shri Modi highlighted the collaboration with many nations over the past decade to promote the teachings of Bhagwan Buddha. He noted that the First Asian Buddhist Summit was recently held in India under the theme ‘The Role of Buddha Dhamma in Strengthening Asia,’ and earlier, India hosted the First Global Buddhist Summit. He mentioned having the honor of laying the foundation stone for the India International Center for Buddhist Culture & Heritage at Lumbini, Nepal, and India’s contribution to the construction of the Lumbini Museum. Additionally, he pointed out the reprinting and distribution of the ‘Concise Orders’ of Lord Buddha, Mongolian Kanjur of 108 volumes, to monasteries in Mongolia. He remarked that India’s efforts in the conservation of monuments in many countries reinforce the commitment to Bhagwan Buddha’s legacy.

    Prime Minister remarked that it is encouraging that this edition of SAMVAD is hosting a religious roundtable, bringing together diverse religious leaders. He expressed confidence that valuable insights will emerge from this platform, shaping a more harmonious world. Shri Modi extended his gratitude to the people and Government of Thailand for hosting the conference. He offered his best wishes to all participants who have gathered to advance this noble mission. He concluded by expressing hope that the light of Dhamma will continue to guide us toward an era of peace, progress, and prosperity.

     

    ***

    MJPS/SR

    (Release ID: 2103064) Visitor Counter : 24

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Bun Scrambling Competition in Cheung Chau to open for applications on February 17

    Source: Hong Kong Government special administrative region

    Bun Scrambling Competition in Cheung Chau to open for applications on February 17
    Bun Scrambling Competition in Cheung Chau to open for applications on February 17
    *********************************************************************************

         The e-ballot application period for joining the Bun Scrambling Competition, which is the finale of the 2025 Bun Carnival at Cheung Chau, will start next Monday (February 17). Physically fit climbers aged 18 or above who are interested in the competition should submit their applications on or before February 28.      The final selection exercise, to be held on April 13, will consist of two rounds. Twenty-four contestants recording the shortest time in the preliminary round (including no fewer than six female participants) will be eligible to enter the semi-final on the same day to compete for 12 finalist places (including no fewer than three female participants). The 12 finalists will enter the Bun Scrambling Final to be held from 11.30pm on May 5 to 12.45am on May 6. Trophies will be awarded to the champion as well as the first and second runners-up in the men’s division, and to the champion in the women’s division. The contestant who bags the highest number of buns within the time limit will be the prize winner of “Full Pockets of Lucky Buns”.      To acknowledge the outstanding achievements of the winners and enhance the appeal of the event, any male or female athlete who has been the champion for three times in the Bun Scrambling Competition since 2016 will be the “King of Kings” or the “Queen of Queens” of the competition and be awarded a trophy.           Persons interested in participating in the competition should complete SmartPLAY user registration and identity authentication, and submit their electronic ballot applications from February 17 to 28 via the SmartPLAY website (www.smartplay.lcsd.gov.hk/home), the mobile app (My SmartPLAY) or Smart Self-service Stations. User registration at SmartPLAY is free of charge. To register as SmartPLAY users, please refer to the link (www.smartplay.lcsd.gov.hk/website/en/user-registration/how-to-register.html).      The maximum number of entrants for the Bun Scrambling Competition is 200. All places will be allocated by ballot via SmartPLAY. Applicants who live, work or study at Cheung Chau will be accorded priority in the ballot. All selected applicants are required to complete the safety training sessions on bun tower climbing and prevention of falls on April 6 to be eligible for the competition. Details are provided in the prospectus available on the SmartPLAY website, the mobile app (My SmartPLAY) and the 2025 Bun Carnival dedicated website (www.lcsd.gov.hk/en/bun/index.html).      The 2025 Bun Carnival is jointly organised by the Hong Kong Cheung Chau Bun Festival Committee and the Leisure and Cultural Services Department (LCSD). Besides the Bun Scrambling Competition, the Bun Tower Climbing Team Relay will be held on the morning of April 27. Local tertiary institutions, Government Departments, public utilities and commercial and industrial organisations will be invited to take part in the relay. Members of the public are welcome to watch the game on-site and cheer for the contestants. At the Climbing Carnival to be held in the afternoon on the same day, there will be a bun tower climbing fun day, game stalls, handicrafts making and variety shows. A Wishing Bun Tower will also be set up, and the winning entries of the Student Drawing Competitions will be displayed. Members of the public are welcome to attend the carnival.         For enquiries, please contact the Islands District Leisure Services Office of the LCSD at 2852 3220, or visit the 2025 Bun Carnival dedicated website.

     
    Ends/Friday, February 14, 2025Issued at HKT 12:00

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Appointments to Committee on Financial Assistance for Family Members of those who Sacrifice their Lives to Save Others

    Source: Hong Kong Government special administrative region

    Appointments to Committee on Financial Assistance for Family Members of those who Sacrifice their Lives to Save Others
    Appointments to Committee on Financial Assistance for Family Members of those who Sacrifice their Lives to Save Others
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         The Government today (February 14) announced the reappointment of one incumbent member, as well as the appointments of three new members, namely Miss Dana Lau Sing-she, Ms Janus Lau Yuen-yee and Mr Solomon Yung Sze-hon, to the Committee on Financial Assistance for Family Members of those who Sacrifice their Lives to Save Others for a term of two years with effect from February 15, 2025.      The Secretary for Labour and Welfare, Mr Chris Sun, welcomed the appointments and said he looks forward to working closely with members of the Committee in the new term. Mr Sun also thanked the outgoing members, Miss Edna Chow On-lai, Mr Law King-shing and Ms Wong May-kwan, for their contributions to the Committee.        The Committee considers and approves applications under the Financial Assistance Scheme for Family Members of those who Sacrifice their Lives to Save Others. The Scheme represents the Government’s recognition of the brave acts and sacrifice undertaken by these individuals and seeks to alleviate the financial hardship that their family members may face as a consequence of their death.      The list of non-official members of the Committee in the new term is as follows:Miss Dana Lau Sing-sheMs Janus Lau Yuen-yeeMs Lee Sau-kingMr Solomon Yung Sze-hon

     
    Ends/Friday, February 14, 2025Issued at HKT 12:00

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: India – U.S. Joint Statement during the visit of Prime Minister of India to US

    Source: Government of India (2)

    Posted On: 14 FEB 2025 9:07AM by PIB Delhi

    The President of the United States of America, The Honorable Donald J. Trump hosted the Prime Minister of India, Shri Narendra Modi for an Official Working Visit in Washington, DC on February 13, 2025.

    As the leaders of sovereign and vibrant democracies that value freedom, the rule of law, human rights, and pluralism, President Trump and Prime Minister Modi reaffirmed the strength of the India-U.S. Comprehensive Global Strategic Partnership, anchored in mutual trust, shared interests, goodwill and robust engagement of their citizens.

    Today, President Trump and Prime Minister Modi launched a new initiative – the “U.S.-India COMPACT (Catalyzing Opportunities for Military Partnership, Accelerated Commerce & Technology) for the 21st Century” – to drive transformative change across key pillars of cooperation. Under this initiative, they committed to a results-driven agenda with initial outcomes this year to demonstrate the level of trust for a mutually beneficial partnership.

    Defense

    Highlighting the deepening convergence of U.S.-India strategic interests, the leaders reaffirmed their unwavering commitment to a dynamic defense partnership spanning multiple domains. To advance defense ties further, the leaders announced plans to sign this year a new ten-year Framework for the U.S.-India Major Defense Partnership in the 21st Century.

    The leaders welcomed the significant integration of U.S.-origin defense items into India’s inventory to date, including C‑130J Super Hercules, C‑17 Globemaster III, P‑8I Poseidon aircraft; CH‑47F Chinooks, MH‑60R Seahawks, and AH‑64E Apaches; Harpoon anti-ship missiles; M777 howitzers; and MQ‑9Bs. The leaders determined that the U.S. would expand defense sales and co-production with India to strengthen interoperability and defense industrial cooperation. They announced plans to pursue this year new procurements and co-production arrangements for “Javelin” Anti-Tank Guided Missiles and “Stryker” Infantry Combat Vehicles in India to rapidly meet India’s defense requirements. They also expect completion of procurement for six additional P-8I Maritime Patrol aircraft to enhance India’s maritime surveillance reach in the Indian Ocean Region following agreement on sale terms.

    Recognizing that India is a Major Defense Partner with Strategic Trade Authorization-1 (STA‑1) authorization and a key Quad partner, the U.S. and India will review their respective arms transfer regulations, including International Traffic in Arms Regulations (ITAR), in order to streamline defense trade, technology exchange and maintenance, spare supplies and in-country repair and overhaul of U.S.-provided defense systems. The leaders also called for opening negotiations this year for a Reciprocal Defense Procurement (RDP) agreement to better align their procurement systems and enable the reciprocal supply of defense goods and services. The leaders pledged to accelerate defense technology cooperation across space, air defense, missile, maritime and undersea technologies, with the U.S. announcing a review of its policy on releasing fifth generation fighters and undersea systems to India.

    Building on the U.S.-India Roadmap for Defense Industrial Cooperation and recognizing the rising importance of autonomous systems, the leaders announced a new initiative – the Autonomous Systems Industry Alliance (ASIA) – to scale industry partnerships and production in the Indo-Pacific. The leaders welcomed a new partnership between Anduril Industries and Mahindra Group on advanced autonomous technologies to co-develop and co-produce state-of-the-art maritime systems and advanced AI-enabled counter Unmanned Aerial System (UAS) to strengthen regional security, and between L3 Harris and Bharat Electronics for co-development of active towed array systems.

    The leaders also pledged to elevate military cooperation across all domains – air, land, sea, space, and cyberspace – through enhanced training, exercises, and operations, incorporating the latest technologies. The leaders welcomed the forthcoming “Tiger Triumph” tri-service exercise (first inaugurated in 2019) with larger scale and complexity to be hosted in India.

    Finally, the leaders committed to break new ground to support and sustain the overseas deployments of the U.S. and Indian militaries in the Indo-Pacific, including enhanced logistics and intelligence sharing, as well as arrangements to improve force mobility for joint humanitarian and disaster relief operations along with other exchanges and security cooperation engagements.

    Trade and Investment

    The leaders resolved to expand trade and investment to make their citizens more prosperous, nations stronger, economies more innovative and supply chains more resilient. They resolved to deepen the U.S.-India trade relationship to promote growth that ensures fairness, national security and job creation. To this end, the leaders set a bold new goal for bilateral trade – “Mission 500” – aiming to more than double total bilateral trade to $500 billion by 2030.

    Recognizing that this level of ambition would require new, fair-trade terms, the leaders announced plans to negotiate the first tranche of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall of 2025. The leaders committed to designate senior representatives to advance these negotiations and to ensure that the trade relationship fully reflects the aspirations of the COMPACT. To advance this innovative, wide-ranging BTA, the U.S. and India will take an integrated approach to strengthen and deepen bilateral trade across the goods and services sector, and will work towards increasing market access, reducing tariff and non-tariff barriers, and deepening supply chain integration.

    The leaders welcomed early steps to demonstrate mutual commitment to address bilateral trade barriers. The United States welcomed India’s recent measures to lower tariffs on U.S. products of interest in the areas of bourbon, motorcycles, ICT products and metals, as well as measures to enhance market access for U.S. agricultural products, like alfalfa hay and duck meat, and medical devices. India also expressed appreciation for U.S. measures taken to enhance exports of Indian mangoes and pomegranates to the United States. Both sides also pledged to collaborate to enhance bilateral trade by increasing U.S. exports of industrial goods to India and Indian exports of labor-intensive manufactured products to the United States. The two sides will also work together to increase trade in agricultural goods.

    Finally, the leaders committed to drive opportunities for U.S. and Indian companies to make greenfield investments in high-value industries in each other’s countries. In this regard, the leaders welcomed ongoing investments by Indian companies worth approximately $7.35 billion, such as those by Hindalco’s Novelis in finished aluminum goods at their state-of-the art facilities in Alabama and Kentucky; JSW in steel manufacturing operations at Texas and Ohio; Epsilon Advanced Materials in the manufacture of critical battery materials in North Carolina; and Jubilant Pharma in the manufacture of injectables in Washington. These investments support over 3,000 high-quality jobs for local families.

    Energy Security

    The leaders agreed that energy security is fundamental to economic growth, social well-being and technical innovation in both countries. They underscored the importance of U.S.-India collaboration to ensure energy affordability, reliability, and availability and stable energy markets. Realizing the consequential role of the U.S. and India, as leading producers and consumers, in driving the global energy landscape, the leaders re-committed to the U.S.-India Energy Security Partnership, including in oil, gas, and civil nuclear energy.

    The leaders underscored the importance of enhancing the production of hydrocarbons to ensure better global energy prices and secure affordable and reliable energy access for their citizens. The leaders also underscored the value of strategic petroleum reserves to preserve economic stability during crises and resolved to work with key partners to expand strategic oil reserve arrangements. In this context, the U.S. side affirmed its firm support for India to join the International Energy Agency as a full member.

    The leaders reaffirmed their commitment to increase energy trade, as part of efforts to ensure energy security, and to establish the United States as a leading supplier of crude oil and petroleum products and liquified natural gas to India, in line with the growing needs and priorities of our dynamic economies. They underscored the tremendous scope and opportunity to increase trade in the hydrocarbon sector including natural gas, ethane and petroleum products as part of efforts to ensure supply diversification and energy security. The leaders committed to enhance investments, particularly in oil and gas infrastructure, and facilitate greater cooperation between the energy companies of the two countries.

    The leaders announced their commitment to fully realize the U.S.-India 123 Civil Nuclear Agreement by moving forward with plans to work together to build U.S.-designed nuclear reactors in India through large scale localization and possible technology transfer. Both sides welcomed the recent Budget announcement by Government of India to take up amendments to the Atomic Energy Act and the Civil Liability for Nuclear Damage Act (CLNDA) for nuclear reactors, and further decided to establish bilateral arrangements in accordance with CLNDA, that would address the issue of civil liability and facilitate the collaboration of Indian and U.S. industry in the production and deployment of nuclear reactors. This path forward will unlock plans to build large U.S.-designed reactors and enable collaboration to develop, deploy and scale up nuclear power generation with advanced small modular reactors.

    Technology and Innovation

    The leaders announced the launch of the U.S.-India TRUST (“Transforming the Relationship Utilizing Strategic Technology”) initiative, which will catalyze government-to-government, academia and private sector collaboration to promote application of critical and emerging technologies in areas like defense, artificial intelligence, semiconductors, quantum, biotechnology, energy and space, while encouraging the use of verified technology vendors and ensuring sensitive technologies are protected.

    As a central pillar of the “TRUST” initiative, the leaders committed to work with U.S. and Indian private industry to put forward a U.S.-India Roadmap on Accelerating AI Infrastructure by the end of the year, identifying constraints to financing, building, powering, and connecting large-scale U.S.-origin AI infrastructure in India with milestones and future actions. The U.S. and India will work together to enable industry partnerships and investments in next generation data centers, cooperation on development and access to compute and processors for AI, for innovations in AI models and building AI applications for solving societal challenges while addressing the protections and controls necessary to protect these technologies and reduce regulatory barriers.

    The leaders announced the launch of INDUS Innovation, a new innovation bridge modeled after the successful INDUS-X platform, that will advance U.S.-India industry and academic partnerships and foster investments in space, energy, and other emerging technologies to maintain U.S. and India leadership in innovation and to meet the needs of the 21st century. The leaders also reinforced their commitment to the INDUS-X initiative, which facilities partnerships between U.S. and Indian defense companies, investors and universities to produce critical capability for our militaries, and welcomed the next summit in 2025.

    The leaders also committed, as part of the TRUST initiative, to build trusted and resilient supply chains, including for semiconductors, critical minerals, advanced materials and pharmaceuticals. As part of this effort, the leaders plan to encourage public and private investments to expand Indian manufacturing capacity, including in the U.S., for active pharmaceutical ingredients for critical medicines. These investments will create good jobs, diversify vital supply chains, and reduce the risk of life-saving drug shortages in both the United States and India.

    Recognizing the strategic importance of critical minerals for emerging technologies and advanced manufacturing, India and the United States will accelerate collaboration in research and development and promote investment across the entire critical mineral value chain, as well as through the Mineral Security Partnership, of which both the United States and India are members. Both countries have committed to intensifying efforts to deepen cooperation in the exploration, beneficiation, and processing as well as recycling technologies of critical minerals. To this end, the leaders announced the launch of the Strategic Mineral Recovery initiative, a new U.S.-India program to recover and process critical minerals (including lithium, cobalt, and rare earths) from heavy industries like aluminum, coal mining and oil and gas.

    The leaders hailed 2025 as a pioneering year for U.S.-India civil space cooperation, with plans for a NASA-ISRO effort through AXIOM to bring the first Indian astronaut to the International Space Station (ISS), and early launch of the joint “NISAR” mission, the first of its kind to systematically map changes to the Earth’s surface using dual radars. The leaders called for more collaboration in space exploration, including on long duration human spaceflight missions, spaceflight safety and sharing of expertise and professional exchanges in emerging areas, including planetary protection. The leaders committed to further commercial space collaboration through industry engagements in conventional and emerging areas, such as connectivity, advanced spaceflight, satellite and space launch systems, space sustainability, space tourism and advanced space manufacturing.

    The leaders underscored the value of deepening ties between the U.S. and Indian scientific research communities, announcing a new partnership between the U.S. National Science Foundation and the Indian Anusandhan National Research Foundation in researching critical and emerging technologies. This partnership builds on ongoing collaboration between the U.S. National Science Foundation and several Indian science agencies to enable joint research in the areas of semiconductors, connected vehicles, machine learning, next-generation telecommunications, intelligent transportation systems, and future biomanufacturing.

    The leaders determined that their governments redouble efforts to address export controls, enhance high technology commerce, and reduce barriers to technology transfer between our two countries, while addressing technology security. The leaders also resolved to work together to counter the common challenge of unfair practices in export controls by third parties seeking to exploit overconcentration of critical supply chains.

    Multilateral Cooperation

    The leaders reaffirmed that a close partnership between the U.S. and India is central to a free, open, peaceful and prosperous Indo-Pacific region. As Quad partners, the leaders reiterated that this partnership is underpinned by the recognition of ASEAN centrality; adherence to international law and good governance; support for safety and freedom of navigation, overflight and other lawful uses of the seas; and unimpeded lawful commerce; and advocacy for peaceful resolution of maritime disputes in accordance with international law.

    Prime Minister Modi looks forward to hosting President Trump in New Delhi for the Quad leaders’ Summit, ahead of which the leaders will activate new Quad initiatives on shared airlift capacity to support civilian response to natural disasters and maritime patrols to improve interoperability.

    The leaders resolved to increase cooperation, enhance diplomatic consultations, and increase tangible collaboration with partners in the Middle East. They highlighted the importance of investing in critical infrastructure and economic corridors to advancing peace and security in the region. The leaders plan to convene partners from the India-Middle East-Europe Corridor and the I2U2 Group within the next six months in order to announce new initiatives in 2025.

    The US appreciates India’s role as a developmental, humanitarian assistance and net security provider in the Indian Ocean Region. In this context, the leaders committed to deepen bilateral dialogue and cooperation across the vast Indian Ocean region and launched the Indian Ocean Strategic Venture, a new bilateral, whole-of-government forum to advance coordinated investments in economic connectivity and commerce. Supporting greater Indian Ocean connectivity, the leaders also welcomed Meta’s announcement of a multi-billion, multi-year investment in an undersea cable project that will begin work this year and ultimately stretch over 50,000 km to connect five continents and strengthen global digital highways in the Indian Ocean region and beyond. India intends to invest in maintenance, repair and financing of undersea cables in the Indian Ocean, using trusted vendors.

    The leaders recognized the need to build new plurilateral anchor partnerships in the Western Indian Ocean, Middle East, and Indo-Pacific to grow relationships, commerce and cooperation across defense, technology, energy and critical minerals. The leaders expect to announce new partnership initiatives across these sub-regions by fall of 2025.

    The leaders also resolved to advance military cooperation in multinational settings to advance global peace and security. The leaders applauded India’s decision to take on a future leadership role in the Combined Maritime Forces naval task force to help secure sea lanes in the Arabian Sea.

    The leaders reaffirmed that the global scourge of terrorism must be fought and terrorist safe havens eliminated from every corner of the world. They committed to strengthen cooperation against terrorist threats from groups, including Al-Qa’ida, ISIS, Jaish-e Mohammad, and Lashkar-e-Tayyiba in order to prevent heinous acts like the attacks in Mumbai on 26/11 and the Abbey Gate bombing in Afghanistan on August 26, 2021. Recognizing a shared desire to bring to justice those who would harm our citizens, the U.S. announced that the extradition to India of Tahawwur Rana has been approved. The leaders further called on Pakistan to expeditiously bring to justice the perpetrators of the 26/11 Mumbai, and Pathankot attacks and ensure that its territory is not used to carry out cross-border terrorist attacks. The leaders also pledged to work together to prevent proliferation of weapons of mass destruction and their delivery systems and to deny access to such weapons by terrorists and non-state actors.

    People to People Cooperation

    President Trump and Prime Minister Modi noted the importance of advancing the people-to-people ties between the two countries. In this context, they noted that the more than 300,000 strong Indian student community contributes over $8 billion annually to the U.S. economy and helped create a number of direct and indirect jobs. They recognized that the talent flow and movement of students, researchers and employees, has mutually benefitted both countries. Recognizing the importance of international academic collaborations in fostering innovation, improving learning outcomes and development of a future-ready workforce, both leaders resolved to strengthen collaborations between the higher education institutions through efforts such as joint/dual degree and twinning programs, establishing joint Centers of Excellence, and setting up of offshore campuses of premier educational institutions of the U.S. in India.

    Both leaders emphasized that the evolution of the world into a global workplace calls for putting in place innovative, mutually advantageous and secure mobility frameworks. In this regard, the leaders committed to streamlining avenues for legal mobility of students and professionals, and facilitating short-term tourist and business travel, while also aggressively addressing illegal immigration and human trafficking by taking strong action against bad actors, criminal facilitators, and illegal immigration networks to promote mutual security for both countries.

    The leaders also committed to strengthen law enforcement cooperation to take decisive action against illegal immigration networks, organized crime syndicates, including narco-terrorists human and arms traffickers, as well as other elements who threaten public and diplomatic safety and security, and the sovereignty and territorial integrity of both nations.

    President Trump and Prime Minister Modi pledged to sustain high-level engagement between our governments, industries, and academic institutions and realize their ambitious vision for an enduring India-U.S. partnership that advances the aspirations of our people for a bright and prosperous future, serves the global good, and contributes to a free and open Indo-Pacific.

     

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  • MIL-OSI Asia-Pac: PM pays homage to the courageous heroes of Pulwama terror attack of 2019

    Source: Government of India (2)

    Posted On: 14 FEB 2025 8:52AM by PIB Delhi

    The Prime Minister Shri Narendra Modi today paid homage to the courageous heroes of Pulwama terror attack of 2019.

    In a post on X, he wrote:

    “Homage to the courageous heroes we lost in Pulwama in 2019. The coming generations will never forget their sacrifice and their unwavering dedication to the nation.”

     

     

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  • MIL-OSI Asia-Pac: English translation of Press Statement by Prime Minister Shri Narendra Modi during the India – USA Joint Press Conference

    Source: Government of India

    Posted On: 14 FEB 2025 8:48AM by PIB Delhi

    Your Excellency President Trump,
    Delegates from both countries,
    Friends from the media,

    Hello!

    First of all, I would like to express my heartfelt gratitude to my dear friend, President Trump, for the gracious welcome and hospitality. Through his leadership, President Trump has cherished and revitalized the India-US relationship.

    The enthusiasm with which we worked together in his first term; I felt the same enthusiasm, the same energy and the same commitment today.

    Today’s discussions were a bridge of satisfaction with our achievements during his first term and deep mutual trust. At the same time, there was also a resolve to achieve new goals. We believe that the collaboration and cooperation between India and America can shape a better world.

    Friends,

    Americans are familiar with President Trump’s motto, Make America Great Again, or “MAGA.” The people of India are also moving towards development at a fast pace with the determination of “Viksit Bharat 2047” on the track of heritage and development.

    If I say in the language of America, developed India means Make India Great Again, i.e. “MIGA”. When the United States and India work together, i.e. “MAGA” plus “MIGA”, the “MEGA” Partnership for prosperity is formed. And this mega spirit gives new scale and scope to our goals.

    Friends,

    Today, we have set a target of more than doubling bilateral trade to 500 billion dollars by 2030. Our teams will work on an early conclusion of a mutually beneficial Trade Agreement.

    We will strengthen the oil and gas trade to ensure India’s energy security. Investment in energy infrastructure will also increase.

    In the nuclear energy sector, we also talked about increasing cooperation in the direction of Small Modular Reactors.

    Friends,

    America has an important role in India’s defense preparedness. As strategic and trusted partners, we are actively moving in the direction of joint development, joint production and transfer of technology.

    In the coming time, new technology and equipment will increase our capability. We have decided to launch the Autonomous Systems Industry Alliance.

    The Defence Cooperation Framework will be created for the next decade. Defence inter-operability, logistics, repair and maintenance will also be its main parts.

    Friends,

    The twenty-first century is a technology-driven century. Close cooperation in the technology sector between countries that believe in democratic values can give new direction, strength and opportunities to the entire humanity.

    India and the United States will work together in Artificial Intelligence, Semiconductors, Quantum, Biotechnology, and other technologies.

    Today we have agreed on TRUST, i.e. Transforming Relationship Utilizing Strategic Technology. Under this, emphasis will be laid on creating strong supply chains of critical minerals, advanced materials and pharmaceuticals. It has also been decided to launch a recovery and processing initiative for strategic minerals like lithium and rare earth.

    We have had close cooperation with the US in the field of space. The “NISAR” satellite, built in collaboration with “ISRO” and “NASA”, will soon fly into space on the Indian launch vehicle.

    Friends,

    The partnership between India and the United States underpins democracy and democratic values and systems. We will work together to enhance peace, stability and prosperity in the Indo-Pacific. The Quad will have a special role to play in this.

    In the Quad Summit to be held in India this year, we will increase cooperation with partner countries in new areas. Under the “IMEC” and “I2U2” initiative, we will work together on economic corridors and connectivity infrastructure.

    India and the United States have stood firmly together in the fight against terrorism. We agree that concerted action is necessary to eradicate cross-border terrorism.

    I am thankful to the President that he has decided to hand over the culprit who committed the killings in India in 2008, to India now. Indian courts will now take appropriate action.

    Friends,

    The Indian community in America is an important link in our relationship. To deepen our people-to-people ties, we will soon open new Indian consulates in Los Angeles and Boston.

    We have invited American universities and educational institutions to open off-shore campuses in India.

    President Trump,

    I thank you for your friendship and steadfast commitment to India. The people of India still remember your visit of 2020, and hope that President Trump will come to them once again.

    On behalf of 1.4 billion Indians, I invite you to come to India.

    Thank you very much.

    DISCLAIMER – This is the approximate translation of Prime Minister’s remarks. Original remarks were delivered

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: “Indian culture enriches without erasing, fostering harmony and enduring respect.”- Shri Suresh Soni

    Source: Government of India

    “Indian culture enriches without erasing, fostering harmony and enduring respect.”- Shri Suresh Soni

    International seminar on Monsoon: The Sphere of Cultural and Trade Influence

    Posted On: 13 FEB 2025 11:13PM by PIB Delhi

    During the concluding session of the two-day international seminar ‘Monsoon: The Sphere of Cultural and Trade Influence’, organised by the Indira Gandhi National Centre for the Arts (IGNCA) under ‘Project Mausam’ in collaboration with the Advanced Study Institute of Asia (ASIA), SGT University, Shri Suresh Soni, former Sah-Sarkaryavah of the Rashtriya Swayamsevak Sangh, highlighted that unlike European influence, Indian culture enriched local traditions without causing destruction. He noted that this is why respect for India endures in these regions. Dr. Sachchidanand Joshi, Member Secretary, IGNCA; Dr. Ajith Kumar, Director, Project Mausam; and Prof. Amogh Rai, Research Director, ASIA, SGT University, were also present at the session.

    During his address, Shri Suresh Soni further recounted Nobel Prize winner V. S. Naipaul’s first visit to India while journeying through South Asia, an experience that left an indelible mark on him. Deeply moved by what he witnessed, Naipaul shared his reflections during a meeting in Delhi. He observed that the world’s perception of India is largely shaped by narratives crafted over the last 250 years. However, he noted that much of this portrayal fails to capture the true essence of India. He argued that if the writings from the past 2500 years were brought to the forefront, they would reveal a more authentic and nuanced image of India, reflecting its rich cultural and philosophical heritage.

    He emphasised that Bharat’s interrelations and influences are deeply rooted in a philosophy that has been practised since Vedic times. Despite the diversity in lifestyles since the Vedic age, a holistic perspective reveals an underlying unity. He elaborated that Vedic prayers embody the philosophy of world welfare, accentuating a vision that extends beyond temporal boundaries. When considering Bharat’s influence, especially in South East Asia, one must acknowledge the cultural impact it has had on the region and beyond. Shri Soni advocated for an integrated approach to understanding Bharat’s history and philosophy, highlighting the interconnectedness of various aspects of life. For instance, he illustrated how commerce is intertwined with divinity, reflecting a worldview where all elements are interlinked. He elaborated on temple architecture as an embodiment to this integration, explaining how it symbolically represents the evolution of humanity-from primal instincts to art, aesthetics, spirituality, and ultimately to Nirguna (the formless absolute).

    He concluded by urging that the missing links in Bharat’s historical narrative should be unearthed, as they hold the potential to reveal the depth of its philosophy. This, he argued, would offer a new dimension to the historiography of Bharat. Shri Soni also emphasised the importance of preserving the poetic language of native regions, as it embodies a cultural resonance that must be maintained.  He remarked that this conference is a step in the right direction, as it facilitates the exploration and understanding of Bharat’s profound cultural and philosophical heritage.

    During the concluding session, awards were presented to the paper presenters. The Honorary Mention Award was given to Dr. Saheli Chataraj for her paper titled ‘Zheng He’s Voyages across the Seas: Connecting Trade Routes in Asia and Africa.’ The Best Paper Presentation Award was awarded to Keerthana Girish for her paper titled ‘Harmonies of Hybrid Cultures: The Role of South Indian Music in Shaping South East Asian Cultural Landscapes.’ The Best Paper Award was presented to Juhi Mathur for her paper titled ‘Multifaceted Ramayana in South East Asian History of Masks in Ramayana Plays.’ At the end, Dr. Ajith Kumar, Director of Project Mausam, delivered the vote of thanks. He remarked on the insightful exchange of ideas on the diverse theme of maritime trade in South East Asia, emphasising the cultural and economic connections that have shaped the region for centuries.

    https://pib.gov.in/PressReleasePage.aspx?PRID=2102534

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    Sunil Kumar Tiwari

    pibculture[at]gmail[dot]com

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  • MIL-OSI Asia-Pac: CE meets Sam Hou-fai

    Source: Hong Kong Information Services

    Chief Executive John Lee today met Macao Special Administrative Region Chief Executive Sam Hou-fai at Government House and discussed ways of strengthening Hong Kong’s co-operation with Macau, as well as the Greater Bay Area’s high-quality development.

    Highlighting that as the country’s special administrative regions, Hong Kong and Macau enjoy distinctive advantages under the “one country, two systems” arrangement, Mr Lee said the two cities enjoy frequent people-to-people and cultural exchanges, as well as solid economic and trade relations.

    He stressed that alongside Macau Hong Kong will continue to firmly uphold the principle of “one country” and leverage the benefits of “two systems”.

    He also outlined that as both are core cities in the bay area, Hong Kong and Macau can leverage their complementarity to promote bay area development together, thereby allowing the people of both places to benefit from the fruits of economic development.

    Separately, Mr Lee said the Hong Kong SAR Government has long been dedicated to supporting cross-boundary transportation arrangements in relation to the Hong Kong-Zhuhai-Macao Bridge in order to maximise its economic and transport benefits. Launched last July, the “Mutual Use of QR Code between Hong Kong SAR & Macao SAR Clearance Service” provides a convenient immigration experience, he added.

    In terms of tourism, Mr Lee said Hong Kong and Macau will work together to expand the twin-destination tourism market, and collaborate with other bay area cities to establish a regional and international tourism brand.

    Mr Lee added that he looks forward to working with Mr Sam in enhancing exchanges and co-operation between Hong Kong and Macau in various aspects.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Reclamation works at Tseung Kwan O Area 137 and off Area 132 proposed

    Source: Hong Kong Government special administrative region

    Reclamation works at Tseung Kwan O Area 137 and off Area 132 proposed
    Reclamation works at Tseung Kwan O Area 137 and off Area 132 proposed
    *********************************************************************

         The Government proposes to carry out reclamation works within an area of about 46 hectares of foreshore and seabed to the southwest of Tseung Kwan O Area 137 (TKO 137) and within an area of about 55 hectares of foreshore and seabed to the southeast off Tseung Kwan O Area 132 (TKO 132). The extent of the area of foreshore and seabed affected is described in a notice gazetted today (February 14).     The proposed works at TKO 137 include construction of about 1.7 kilometres of seawall, filling of the seabed to form about 20 hectares of land for housing and community facility development, and reprovisioning of temporary facilities. The proposed works off TKO 132 include construction of about 1.3km of seawall, and filling of the seabed to form about 20 hectares of land for accommodating public facilities. The proposed works are tentatively scheduled to commence by the end of 2025.           The notice and its related plan are posted near the site. The plan is also available for inspection at:* Survey and Mapping Office of the Lands Department (6/F, North Point Government Offices, 333 Java Road, North Point, Hong Kong) (where copies can be purchased on order);* Sai Kung Home Affairs Enquiry Centre of the Sai Kung District Office (G/F, Sai Kung Tseung Kwan O Government Complex, 38 Pui Shing Road, Hang Hau, Tseung Kwan O, New Territories); and* Lands Department’s website (www.landsd.gov.hk) under Government Notices.     Enquiries regarding the proposed works can be addressed to the East Development Office, Civil Engineering and Development Department as stated in the notice.     Any person who considers that he or she has an interest, right or easement in or over the foreshore and seabed involved may submit a written objection to the Director of Lands, 20/F, North Point Government Offices, 333 Java Road, North Point, Hong Kong, within two months from the gazette date, i.e. on or before April 14. The objector shall describe in the notice of objection his or her interest, right or easement, and the manner in which he or she will be allegedly affected.

     
    Ends/Friday, February 14, 2025Issued at HKT 11:05

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: The Chinese Medicine Hospital of Hong Kong Bill gazetted

    Source: Hong Kong Government special administrative region

         â€‹To facilitate the preparation for the operation of The Chinese Medicine Hospital of Hong Kong (CMHHK), the Government published The Chinese Medicine Hospital of Hong Kong Bill in the Gazette today (February 14) to make technical amendments to multiple existing legal provisions, such that those applicable to public hospitals or private healthcare facilities (PHFs) will also apply to CMHHK under the same circumstances, thereby ensuring the smooth commencement of services of CMHHK.

         CMHHK, developed by the Government and currently under construction, is directly under the Health Bureau. CMHHK is neither a public hospital managed by the Hospital Authority under the Hospital Authority Ordinance (Cap. 113) nor a PHF specified under the Private Healthcare Facilities Ordinance (Cap. 633). References to “hospitals” in some of the existing legal provisions only include public hospitals or PHFs, and therefore are not applicable to CMHHK. In this connection, the Government will introduce the Bill into the Legislative Council to make technical amendments to 17 existing legal provisions relating to the operation of CMHHK, so that the provisions will also apply to CMHHK to meet its operational needs.

         The Bill will also specify and offer protection for the Chinese title 香港中醫醫院 and the English title “The Chinese Medicine Hospital of Hong Kong” of CMHHK located at 1 Pak Shing Kok Road, Tseung Kwan O in the New Territories, with the names intended for exclusive use by CMHHK. Anyone involved in the unauthorised use of or unauthorised association with those names will be liable to a fine at level 3 ($10,000) upon conviction. 

         The Bill will be introduced into the Legislative Council for first reading on February 19.

         CMHHK is scheduled to commence services in phases starting from the end of this year, signifying an important milestone in the development of Chinese medicine (CM) in Hong Kong. As a flagship CM institution in Hong Kong, CMHHK will undertake five key missions of development, including provision of government-subsidised and market-oriented healthcare services, training and education, research, collaboration and creation of health values. CMHHK will also serve as a change-driver in close collaboration with the CM industry and stakeholders to drive the overall development of CM in Hong Kong, the Guangdong-Hong Kong-Macao Greater Bay Area and the international community.

         With its construction funded by the Government, CMHHK will adopt a public-private partnership model for its operation. In 2021, Hong Kong Baptist University (HKBU) was selected through tendering procedures as the Contractor. The Contractor subsequently incorporated the HKBU Chinese Medicine Hospital Company Limited in accordance with the service deed to manage, operate and maintain CMHHK as the Operator. 

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Marine Department launches Block Registration Incentive Scheme

    Source: Hong Kong Government special administrative region

    Marine Department launches Block Registration Incentive Scheme
    Marine Department launches Block Registration Incentive Scheme
    **************************************************************

         The Marine Department (MD) announces today (February 14) the implementation of the amended Merchant Shipping (Registration) (Fees and Charges) Regulations (Cap. 415A) to allow eligible ships to apply for a refund under the Block Registration Incentive Scheme, with a view to attracting more shipowners to register their ships in Hong Kong.       The Scheme is one of the proposed action measures in the Action Plan on Maritime and Port Development Strategy promulgated by the Government in December 2023 to support the sustainable development needs of the maritime and port industry in Hong Kong, with a view to enhancing the long-term competitiveness of the industry. Under the Scheme, if more than one eligible ship is registered with the Hong Kong Shipping Registry (HKSR) within 24 months, the owners of the ships concerned may be provided with a refund of the ship registration fee and the first-year annual tonnage charge. One application may cover ships of different shipowners and may be submitted by a shipowner, ship manager or ship agent.      A spokesperson for the MD said, “The gross tonnage of Hong Kong-registered ships ranks as the fourth largest in the world. Although the current registration fee of the HKSR is highly competitive, we have noticed that some other major flag administrations have already rolled out block registration incentives. We thus deem it necessary to launch a similar scheme in Hong Kong, with a view to further strengthening the HKSR’s competitiveness and fostering our leading position among shipping registries in the world.”      The gazette of the proposed legislative amendments to Cap. 415A was published on December 13, 2024, and tabled at the Legislative Council on December 18 of the same year for negative vetting, and is scheduled to be implemented on February 14, 2025.      The MD will actively reach out to shipowners and shipping-related companies to promote the Scheme through its network on the Mainland and overseas. Moreover, the MD has produced a leaflet to promote the work of the HKSR and introduce details of the Scheme. For details, please visit the MD’s official website at www.mardep.gov.hk/filemanager/en/share/publications/pdf/materials/hksr.pdf or download the application form for the Scheme at www.mardep.gov.hk/filemanager/en/share/forms/pdf/md742.pdf.

     
    Ends/Friday, February 14, 2025Issued at HKT 10:00

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    MIL OSI Asia Pacific News

  • MIL-OSI Economics: RBI to conduct 4-day Variable Rate Repo (VRR) auction under LAF on February 17, 2025

    Source: Reserve Bank of India

    On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 17, 2025, Monday, as under:

    Sl. No. Notified Amount
    (₹ crore)
    Tenor (day) Window Timing Date of Reversal
    1 75,000 4 11:00 AM to 11:30 AM February 21, 2025
    (Friday)

    2. Standalone Primary Dealers will be allowed to participate in this auction, along with other eligible participants.

    3. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022.

    Ajit Prasad           
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2169

    MIL OSI Economics

  • MIL-OSI Asia-Pac: CE meets Guangzhou official

    Source: Hong Kong Information Services

    Chief Executive John Lee met Secretary of the CPC Guangzhou Municipal Committee Guo Yonghang at Government House today to discuss deepening Hong Kong’s co-operation with Guangzhou.

    Welcoming Mr Guo and his delegation to Hong Kong, Mr Lee outlined that Hong Kong and Guangzhou are both core cities of the Greater Bay Area and have maintained co-operation in various sectors over the years.

    Mr Lee also highlighted that the 15th National Games, due to be held later this year, will be co-hosted by Guangdong, Hong Kong and Macau, adding that this will be the first time the GBA has hosted the country’s most significant multisport games.

    He said the Hong Kong Special Administrative Region Government will dedicate its fullest efforts to co-hosting a successful National Games, adhering to the “simple, safe and wonderful” principle.

    The Chief Executive remarked that in the Global Innovation Index 2024, the Shenzhen-Hong Kong-Guangzhou science and technology cluster was ranked second globally for a fifth consecutive year, adding that this demonstrates that the three places are embracing the potential of innovation and technology (I&T) development and establishing the GBA as a global leader in I&T.

    Mr Lee also mentioned that the Hong Kong University of Science & Technology (Guangzhou), established in Nansha, welcomed its first cohort of undergraduate students in the 2023/24 academic year. He said the university is cultivating talent in such areas as artificial intelligence and data science, and will foster the joint creation of a major I&T platform spanning Hong Kong and Guangzhou, thereby contributing to the establishment of China as a strong country in science and technology.

    Stressing that Hong Kong will continue to promote the integrated development of the GBA, Mr Lee said the city will seek to leverage complementary advantages with Guangzhou and foster high-level collaboration with it to promote high-quality development in the bay area, thereby contributing to the country’s reform, opening up and rejuvenation.

    MIL OSI Asia Pacific News

  • MIL-OSI: Gravity Reports Preliminary Unaudited 4Q 2024 Results and Business Updates

    Source: GlobeNewswire (MIL-OSI)

    Seoul, South Korea, Feb. 14, 2025 (GLOBE NEWSWIRE) — GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games based in South Korea, today announced its unaudited financial results for the fourth quarter ended December 31, 2024, prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and business updates.

    PRELIMINARY UNAUDITED FOURTH QUARTER 2024 FINANCIAL RESULTS

    Tentative consolidated revenue for the fourth quarter of 2024 is KRW 130 billion, and tentative consolidated operating profit is KRW 16 billion.

    The preliminary fourth quarter of 2024 result is mainly attributed by increased revenues from THE RAGNAROK launched in Southeast Asia on October 31, 2024, Ragnarok: Rebirth launched in Taiwan, Hong Kong and Macau on October 31, 2024, and Ragnarok X: Next Generation launched in Japan on November 20, 2024. Tentative consolidated revenue for the fourth quarter of 2024 represented a 1.3% increase in QoQ and a 10.7% decrease in YoY.

    Unaudited preliminary consolidated revenue for 2024 is KRW 501 billion, and the operating profit is KRW 85 billion.

    The preliminary 2024 figures are unaudited and subject to revision. Final result for the fourth quarter and year ended December 31, 2024 will be provided by our annual report for the fiscal year ended December 31, 2024 on Form 20-F.

    Liquidity

    The balance of cash and cash equivalents and short-term financial instruments was KRW 553,202 million as of December 31, 2024.

    GRAVITY BUSINESS UPDATES

    Two Ragnarok IP-based Games Received ISBN Codes in China

    Ragnarok: Back to Glory (Ragnarok: Rebirth, Chinese title: 仙境传说:重生) and PROJECT ABYSS (Chinese title:  仙境传说:初心) have received ISBN codes from the Chinese government on December 24, 2024 and January 21, 2025, respectively.

    Ragnarok Online IP-based Games

    • THE RAGNAROK, an MMORPG Mobile and PC game

    THE RAGNAROK was officially launched in Southeast Asia on October 31, 2024.

    • Ragnarok in Wonderland, a Casual Healing Tycoon Mobile game

    Ragnarok in Wonderland was officially launched in Korea on December 4, 2024.

    • Ragnarok Classic, an MMORPG PC game

    Ragnarok Classic was officially launched in Indonesia on December 5, 2024.

    • Ragnarok Begins (Chinese Title: RO 仙境傳說:一定要可愛), an Action Side-Scrolling MMORPG Mobile and PC game

    Ragnarok Begins (Chinese Title: RO 仙境傳說:一定要可愛) was officially launched in Taiwan, Hong Kong and Macau on February 13, 2025.

    • Ragnarok M: Classic, an MMORPG Mobile game

    Ragnarok M: Classic, a renewal version of Ragnarok M: Eternal Love, is officially launched in Southeast Asia on February 14, 2025, and is underway for its launch in Taiwan, Hong Kong and Macau in the first half of 2025.

    • Ragnarok 3, an MMORPG Mobile and PC game

    Ragnarok 3, the new sequel game of Ragnarok Online, is being prepared to be launched in Global within 2026.

    • Ragnarok X: Next Generation, an MMORPG Mobile and PC game

    Ragnarok X: Next Generation was officially launched in Japan on November 20, 2024 with preparations underway for its launch in North, Central, and South America and Europe in the first half of 2025.

    • Ragnarok V: Returns, a 3D MMORPG Mobile and PC game

    Ragnarok V: Returns will be officially launched in all nations of Southeast Asia in March 2025.

    • Ragnarok M: Eternal Love 2, an MMORPG Mobile and PC Game

    Ragnarok M: Eternal Love 2, the next generation new sequel game of Ragnarok M: Eternal Love, is on development.

    • Ragnarok Crush, a Puzzle and Tower Defense Mobile game

    Ragnarok Crush will be launching in Global except for China and Japan in the third quarter of 2025.

    • Ragnarok: Back to Glory (Ragnarok: Rebirth), an MMORPG Mobile game

    Ragnarok: Back to Glory (Ragnarok: Rebirth) will be re-launched in Southeast Asia and launched in Korea, in the second quarter of 2025.

    • Ragnarok Idle Adventure Plus, an MMORPG Mobile game

    Ragnarok Idle Adventure Plus is underway for its launch in Global except for Taiwan, Hong Kong, Macau, China, Korea and Japan in February 2025 and in Taiwan, Hong Kong and Macau in the first half of 2025.

    • Ragnarok Promised Adventure (tentative English title), an MMORPG Mobile game

    Ragnarok Promised Adventure (tentative English title) is scheduled to be launched within 2025.

    • Ragnarok Online, an MMORPG PC game

    Ragnarok Online is scheduled to be direct-serviced in Latin America in the second quarter of 2025.

    • Ragnarok Landverse, an MMORPG Blockchain and PC game

    Ragnarok Landverse Genesis, a global new server onboarding in RONIN platform, will be released in Global in March, 2025.
    Ragnarok Landverse will be launched in Vietnam in the first half of 2025 and in Latin America in the second half of 2025. Ragnarok Landverse launching in Vietnam is a PC game without Blockchain.

    Other IP-based games

    • TOKYO PSYCHODEMIC, a 2D Cinematic Profiling Adventure PC and Console game

    TOKYO PSYCHODEMIC was officially launched in Global on November 28, 2024.

    • KAMiBAKO, a World Craft RPG PC and Console game

    KAMiBAKO was officially launched in Global on January 30, 2025.

    • Heroes Gambit, a Strategic Card Battle Mobile game

    Heroes Gambit will be launched in Global in the first half of 2025.

    • Scorp Hero, a Character Collecting RPG Mobile game

    Scorp Hero is underway for its launch in Japan within 2025.

    • Snow Brothers 2 Special, an Action and Platformer PC and Console game

    Snow Brothers 2 Special will be launched in Global in April 2025.

    • Gunbound an MMO Turn-Based Artillery PC game

    Gunbound will be launched in Southeast Asia and Latin America in the first half of 2025.

    • Dragonica New Origin, an MMORPG PC game

    Dragonica New Origin will be launched in Southeast Asia in May 2025.

    Expansion of Other IP business

    Gravtiy Co., Ltd. has signed a publishing agreement of Nobunaga’s Ambition: The Road to the World (tentative English title), a simulation mobile game based on Nobunaga‘s IP, in Japan with Kingnet Technology (HK) Limited.

    Investor Presentation

    Gravity issued an investor presentation. The presentation contains the Company’s recent business updates, results of the fourth quarter in 2024 and Gravity’s business plan. The presentation can be found on the Company’s website under the IR Archives section at https://www.gravity.co.kr/en/ir/updates. Korean and Japanese versions of the presentation are also provided on the website.

    About GRAVITY Co., Ltd. —————————————————
    Gravity is a developer and publisher of online and mobile games. Gravity’s principal product, Ragnarok Online, is a popular online game in many regions, including Japan and Taiwan, and is currently commercially offered in 91 regions. For more information about Gravity, please visit http://www.gravity.co.kr.

    Forward-Looking Statements:

    Certain statements in this press release may include, in addition to historical information, “forward-looking statements” within the meaning of the “safe-harbor” provisions of the U.S. Private Securities Litigation Reform Act 1995. Forward-looking statements can generally be identified by the use of forward-looking terminology, such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe”, “project,” or “continue” or the negative thereof or other similar words, although not all forward-looking statements contain these words. Investors should consider the information contained in our submissions and filings with the United States Securities and Exchange Commission (the “SEC”), including our annual report for the fiscal year ended December 31, 2024 on Form 20-F, together with such other documents that we may submit to or file with the SEC from time to time, on Form 6-K. The forward-looking statements speak only as of this press release and we assume no duty to update them to reflect new, changing or unanticipated events or circumstances.

    Contact:

    Mr. Heung Gon Kim
    Chief Financial Officer
    Gravity Co., Ltd.
    Email: kheung@gravity.co.kr

    Ms. Jin Lee
    Ms. Yujin Oh
    IR Unit
    Gravity Co., Ltd.
    Email: ir@gravity.co.kr
    Telephone: +82-2-2132-7800

    The MIL Network

  • MIL-OSI Europe: ASIA/SOUTH KOREA – Father Vincenzo and the wounds of Christ on the outskirts of Seoul

    Source: Agenzia Fides – MIL OSI

    by Pascale RizkSeongnam (Agenzia Fides) – Free love is disarming and it endures over time. This is what his father Angelo said on the day his son Vincenzo became a Catholic priest in April 1987: “Just as gold does not change over time, so too will our love for you remain.” Father Vincenzo Bordo, missionary of the Oblates of Mary Immaculate, still loves with the same love “to the end”. He has done this since he arrived in South Korea, which will be 35 years ago next May.In South Korea today everyone knows the “strange foreigner” by the name of Kim Ha-jong Shinbunim. He grew up in the Viterbo area, with the solid human temperament of a farmer, animated by the strong desire to “love and serve the last” since he was a boy.Fascinated by the Orient and oriental studies, he set off for Korea with his confrere Father Mauro Concardi. Today he can often be found in “Anna’s House” in Seongnam City, the second largest city after Suwon in the Gyeonggi-do province in the suburbs of Seoul, about 28 km from the center of the metropolis.The area has long been an ideal place for the homeless: close to a large market and in the middle of a nerwork of subways and bus lines that made it easier for them to get around. That is why he started his work there, which he continues with a clear view and a work apron. Korea between past and presentThe Korea that welcomed him three decades ago is no longer the same. Impressive economic development, rapid change, international tensions and even political unrest in recent times. “When I arrived here, the most commonly used word in Korean was 우리 (we). Our family,’ ‘our community,’ ‘our church,’ ‘our homeland,’ ‘our neighborhood.’ The feeling of belonging was very strong. Today, the most used word is ‘I,’” says Father Bordo, adding: “We have gone from a very strong community dimension, sometimes even too strong, to an egocentric ‘I’ in an egocentric city. The society that was used to taking care of relatives, parents, the community has become a society where a person dies in the neighborhood and you do not know it because the number of people living alone is increasing dramatically.”Compared to when he came to Korea, the beggars have disappeared. The “new poverty” manifests itself in the lives of those who “don’t have an intelligent, complex, articulate mind” and are unable to keep up with the “modern, rich, fast, intelligent, diverse and complex” society, explains Father Vincenzo.When it is time for dinner, he is amazed at how many people in their 50s come and line up to eat. “Apart from the pensions paid by big companies like Samsung or Hyundai,” says Father Vincenzo, “in the 1990s there was no form of social security for people. Today there is a minimum pension, a system to support people in serious difficulties and even a minimum guarantee of health care.”

    MIL OSI Europe News

  • MIL-OSI United Kingdom: Nearly £1m to support communities across London as Mayor launches new campaign to unite and celebrate Londoners

    Source: Mayor of London

    • Funding of more than £985,000 will help bring communities together through the Community Recovery Fund and Mayor’s Community Weekend
    • Mayor launches new Loved and Wanted campaign at Outernet to unite Londoners and celebrate the capital’s diversity, inclusivity and unity in the face of uncertain and unsettling times across the globe, and the impact of rising antisemitism and islamophobia
    • New polling shows that eight in 10 Londoners (79 per cent) think it’s important that there is an increase in a sense of unity amongst people in London
    • The campaign will be displayed all across the capital as more than 100 organisations and community groups join together to reiterate that London is a place for everyone

    The Mayor of London, Sadiq Khan, has today announced a package of almost £1million funding to support communities across London, as he launched a major new campaign to show that the capital is, and always will be, a place for everyone.

    The Mayor is working with London Councils, London Legal Support Trust and The National Lottery Community Fund to distribute more than £985,000 to community groups in every borough through the Government’s Community Recovery Fund and the National Lottery Community Fund.

    The funding announcement came as the Mayor launched a major new campaign to send a strong message to all of the capital’s communities that they are loved and wanted in London.

    The Loved and Wanted campaign brings together a broad range of organisations and community groups to show the world that diversity is London’s greatest strength and that people from all backgrounds are celebrated and welcomed.

    The campaign comes six months after disorder took place across towns and cities in the UK and at a time when fear and division is being spread in the UK and around the world. Since October 2023, the capital has seen a rise in antisemitism and islamophobia, and a rise in extreme right-wing activity has also left many fearful for their safety.

    New polling shows that eight in 10 Londoners (79 per cent) think it’s important that there is an increase in a sense of unity amongst people in London, and three quarters (75 per cent) say it’s important that the Mayor promotes it.

    The Mayor officially launched the campaign on Valentine’s Day at Outernet London, the largest digital exhibition space in Europe, which is hosting a ‘Loved and Wanted’ digital immersive experience. He was joined by faith leaders and representatives from London’s communities, including LGBTQI+, migrant and deaf and disabled Londoners, soul singer and activist Mica Paris and Ukrainian chef and digital artist Alisa Cooper to send a powerful message of unity to Londoners.

    Outernet’s screens will display the colourful ‘You are loved and wanted in London’ graphics throughout February. The message is also translated into 17 languages, alongside quotes from Londoners sharing examples about how they feel loved and wanted in the city.

    The campaign will feature a series of adverts across the capital, in community centres, cultural organisations, libraries, faith buildings, volunteering centres and online over the coming months. More than 130 organisations have signed up to share post cards and window stickers, including The Felix Project, Royal Academy of Arts, Black Cultural Centre, English National Ballet, London Museum, Bernie Grant Centre, Southbank Centre, churches, mosques and synagogues. The campaign will also showcase a range of stories of how Londoners continue to rally together, support each other, and stand up against hatred and division, whilst living in globally uncertain times.

    The Government’s Community Recovery Fund was made available by the Deputy Prime Minister following the disorder across the country last summer, with London allocated £600,000. A total of £510,000 will be distributed in grants between £700 and £22,000 to support groups with local events, education initiatives and improving access to facilities which bring communities together. A further £90,000 will be allocated to the London Legal Support Trust to provide support to free legal advice agencies in London, which were a target during the disorder. 

    The Mayor has also announced that £385,000 will be invested in the Mayor’s Community Weekend 2025, thanks to funding from The National Lottery Community Fund. From September 12-14 there will be a weekend of community events and activities to bring Londoners together to celebrate our city and make a positive difference. In 2023, 184 organisations took part with events in every London borough, including community sports days, community barbecues and picnics, arts and cultural events, creative workshops, and activities focusing on the environment, conservation and healthy eating.

    The Mayor of London, Sadiq Khan, said: “London is the greatest city in the world because of the incredible people who live here. Londoners come from every walk of life, from every religious, ethnic and social background and from all over the world to make this fantastic city. Sadly, we are living in increasingly uncertain and unsettling times and I know the worry and concern that this is having in our communities. That’s why we’re bringing together organisations and community groups across the capital to send a clear message that all Londoners are loved and wanted in our great city. London is, and always be, a place for everyone.”

    John Mothersole, England Chair at The National Lottery Community Fund, said: “We’re rooted in the communities we serve, whatever their needs and aspirations. After the hugely successful first Mayor’s Community Weekend in London, we’re delighted to be back for another special weekend of community-led activity. We believe in the power of communities and connection, and we can’t wait to see London’s diverse communities come together again. This weekend will showcase the lasting impact voluntary action can achieve for the city.”

    Shabna Begum, Chief Executive Officer at Runnymede Trust: “The Loved and Wanted campaign speaks to a social contract that moves beyond terms like ‘tolerance’ and ‘cohesion’, it celebrates the beauty of a city that is a rich tapestry of multiracial, multicultural and mixed class communities that live, work – and often struggle together. 

    “We welcome the package of investment in communities that the campaign promises, supporting organisations and infrastructures that enable togetherness, when we know that so many of our most vulnerable continue to face unprecedented levels of economic distress.  

    “At a time when our political conversation is saturated with narratives of hate and division and London is subjected to hyper-hostility by far-right actors who smear our diversity and difference, this campaign could not be more important. Loved and Wanted isn’t a romantic, aspirational statement, it is an account of our city that remembers the incredible archive of solidarity and anti-racist activism that shapes us and is a reminder that these histories are underpinned by the everyday rhythm of living and struggling together in our complex, convivial communities.”

    Zrinka Bralo, Chief Executive of Migrants Organise, said: “Many people are currently struggling to survive and make sense of the world. This is why fostering connections, building resilience within our communities, and taking meaningful action for dignity and justice is essential. London became my sanctuary 30 years ago when I fled war and genocide, and it continues to protect those in need. At Migrants Organise, we witness firsthand the devastating effects of the dehumanisation of refugees and migrants caused by hostile policies. We also see the solidarity and support from many Londoners, which never hits the headlines, because good people do good work quietly. For this reason, we value and welcome the Mayor’s leadership and the additional resources allocated to support all of London’s communities. These efforts represent a vital investment in cultivating unity, hope, and trust—qualities that are increasingly scarce around the world.” 

    Amanda Bowman, Co-Chair of the London Jewish Forum, said: “London is facing increasing challenges to social cohesion, which has had a particular impact on our Jewish community”. A report released this week on antisemitic incidents in 2024 revealed that over half of all anti-Jewish hate reported in the UK takes place in London. Against this backdrop, we welcome the ‘Loved and Wanted’ campaign, which seeks to bring communities together and strengthen a shared sense of belonging.

    “We look forward to working with the Mayor, his team, and London councils to celebrate the capital’s diversity, inclusivity and unity, particularly at this time of global uncertainty and division. Our priority is to ensure that London remains a safe and welcoming city for the Jewish community while continuing to build strong relationships with other communities to create an environment where everyone feels valued and welcome.”

    Abdurahman Sayed,  Muslim Cultural Heritage Centre CEO, said: “We wholeheartedly welcome the Mayor’s initiative to bring communities together at a time when unity and resilience are more needed than ever before. The funding of more than £985,000 through the Community Recovery Fund and Mayor’s Community Weekend will provide crucial support to grassroots organisations, helping to strengthen community ties and promote social cohesion.

    “The launch of the Loved and Wanted campaign is also a vital step in reaffirming London’s identity as a city of diversity, inclusivity, and unity. In a world facing uncertainty, it is essential to reinforce the message that London is a place for everyone.

    “With new polling showing that 79% of Londoners believe in the need for greater unity, it is encouraging to see over 100 organisations and community groups coming together to champion these values. We stand in full support of this initiative and look forward to seeing the positive impact it will have on communities across the capital.”

    Olympic triathlon gold medallist Alex Yee said: “I’m so proud to be from London because there’s nowhere else like it. I loved growing up in Lewisham as part of an extremely diverse community where everyone felt accepted. I hope the Loved and Wanted campaign shows how united Londoners truly are.”

    UK Queen of Soul Mica Paris MBE, said: “I’ve lived in LA, New York and Sydney, but London is my favourite city in the world and it’s where I am at my most creative. I grew up with English, Irish, African, Caribbean and Asian friends and that’s a key reason why London is so special and why we have such a rich music heritage. I’m proud to support the Mayor of London’s Loved and Wanted campaign.”

    Chef and entrepreneur Alisa Cooper, who moved to London under the Homes for Ukraine programme, said: “Being acknowledged and feeling seen in the Loved and Wanted campaign means a lot as London has become home to me and my son thanks to the generosity of strangers. Rebuilding our lives hasn’t been easy but the fantastic support we have received has kept us going. I hope this campaign helps further strengthen bonds between communities.”

    Philip O’Ferrall, CEO Outernet said:  “We are in a time where inclusivity and unity in all ways is more important than ever before.  London has always been enriched by the people we have welcomed and the communities that we have embraced and Outernet at its heart is about people coming together.  The Loved and Wanted campaign and its powerful message is something we at Outernet are proud to partner on with the Mayor and his team.” 

    MIL OSI United Kingdom

  • MIL-OSI Russia: Slavic horizon expands: Polytechnic meets Russian-Tajik Slavic University

    Translartion. Region: Russians Fedetion –

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

    Peter the Great Polytechnic University is expanding cooperation with the Russian-Tajik Slavic University (RTSU) within the framework of the Slavic Universities project. Since 2025, SPbPU has become the coordinator of RTSU activities, providing scientific, methodological and resource support to improve the efficiency of the university. In February, a delegation of SPbPU experts visited RTSU to assess current projects, develop a plan for joint work for 2025 and discuss key initiatives, including the reconstruction of the RTSU school and professional retraining programs for teachers.

    This is not the first experience of interaction between the two universities. RTSU and SPbPU have concluded partnership agreements, and several joint projects have been successfully implemented. In 2023, the delegation of IPMEiT SPbPU participated in the exhibition “Education and Career in the Field of AML/CFT”, which was held at the RTSU site. RTSU leaders took part in the annual Slavic Horizon summits organized at SPbPU in 2023 and 2024.

    The visit of the expanded Polytechnic University expert team to RTSU was the first close acquaintance with the university development team, leaders of research teams, and the resource base. The participants of the visit monitored the implementation of the current development program and agreed on a plan for joint work between SPbPU and RTSU for 2025.

    The delegation of SPbPU included Vice-Rector for Organizational and Economic Work Stanislav Vladimirov, Head of the Project Office “Slavic Universities”, Deputy Head of the Department of International Cooperation Nikita Golovin, Deputy Director of the Center for Continuing Professional Education PISh CI Pavel Kozlovsky, Director of the Higher School of Electronics and Microsystems Engineering IEiT, expert of Rosobrnadzor Vera Loboda, Head of the Directorate for Human Resources Maria Pakhomova and Head of the Directorate of Pre-University Education and Talent Attraction Nikolai Snegiryov.

    In addition to the general goals, each expert had an individual task – to assess the current state of affairs at RTSU in their area and develop recommendations for the activities of the RTSU development program for 2025.

    Russian-Tajik (Slavonic) University is one of the main scientific and educational centers in the Republic of Tajikistan. The mission of RTSU is to expand intercivilizational dialogue in the interests of effective and mutually beneficial partnership between Russia and the countries of Central Asia through the training of highly qualified specialists, cross-cultural interaction and cooperation in the field of economics, science and culture, strengthening the Eurasian partnership and promoting Russian education. A member of the community of “Slavic” universities, RTSU is positioned as the center of the Russian language and Russian culture in Tajikistan, promotes the spread of the influence of the best traditions of Russian education on the socio-cultural and technological environment of the region, strengthening friendly and partnership relations between the peoples of Central Asia.

    These tasks will form the basis of the joint work plan and, subsequently, the RTSU development program. The university administration, headed by Rector Mashrab Faizullo, held a number of meetings and discussions with the Polytechnic delegation. During their work at the faculties, SPbPU experts studied the specifics of teaching, curricula, organization of business processes for managing the university’s scientific and educational activities, and issues of implementing personnel and youth policies.

    One of the important projects of RTSU planned for implementation in the near future is the reconstruction of the comprehensive school of the university. At the moment, about 1,500 schoolchildren study there. According to the reconstruction program and the order of the Ministry of Education of the Russian Federation, specialized classes with in-depth study of chemistry, biology, physics and computer science should be opened in the school. It is also necessary to provide additional classes (invariant modules) for schoolchildren in engineering disciplines (computer graphics, 3D modeling, robotics and others). These tasks require comprehensive solutions for equipping the corresponding specialized rooms and laboratories.

    The school certainly requires modernization and additional equipment. But nothing is impossible or unachievable. In the near future, the concept of school development will be worked out, a plan and all the necessary project documents will be prepared. We hope that by September 1, some of the school’s classes will be ready to accept students, – shared Stanislav Vladimirov, Vice-Rector for Organizational and Economic Work at SPbPU.

    During the visit, the results of the joint educational project were solemnly summed up: in the fall of 2024, 16 school teachers from Tajikistan completed an additional educational program at SPbPU. The students were teachers of mathematics, chemistry, biology and geography from Dushanbe schools with Russian as the language of instruction. The retraining will allow them to teach the subject “Physics”. Diplomas were presented to the participants by the head of the Directorate of Pre-University Education and Talent Attraction of SPbPU Nikolay Snegiryov. First Vice-Rector, Vice-Rector for Academic Affairs of RTSU Minisa Abdullaeva congratulated the graduates on the successful completion of the program and noted the importance of continuous professional growth of teachers.

    RTSU is a successful, established university, a leader in its region. Its development plans are quite ambitious, and we understand how much joint work lies ahead. It is respectful how carefully our colleagues from RTSU approach building their strategy of activity, how they work out plans and tasks, and wisely distribute resources. It is an honor and pleasure for Polytechnic to act as experts and assistants in this process, – summed up the results of the Head of the Project Office “Slavic Universities” Nikita Golovin.

    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 Asia-Pac: DC members’ work recognised

    Source: Hong Kong Information Services

    Secretary for Home & Youth Affairs Alice Mak today conveyed the Government’s recognition of the seventh-term District Council (DC) members’ performance since they took office.

    She made the remarks at a training session for DC members held by the Home & Youth Affairs Bureau at the Central Government Offices.

    Reviewing with the members their experiences in serving the districts in their first year of taking office, Miss Mak said district governance work had been carried out with enhanced speed and efficiency since reforms to the district governance system were made in 2023.

    She outlined that the DCs had not only assisted the Government by listening to the public and providing advice on community development, but had also worked with District Services & Community Care Teams, district organisations and other groups to serve the people and address livelihood issues.

    Miss Mak encouraged DC members to leverage their district networks to provide better services and assist the Government in policy implementation.

    During the training session, Miss Mak also spoke about future challenges in the work of district governance.

    She highlighted that people’s desire for a better life grows with community development and urged DC members to continue ensuring effective communication between the Government and the people by serving as a bridge between the two. She also encouraged them to adopt new thinking and methods to reach out to and serve constituents in order to a better and more harmonious community.

    She spelt out that she had three expectations of DC members, namely that they carry out solid work to enhance people’s satisfaction levels; carry out district youth work to encourage young people to participate more in community affairs and help them realise their dreams; and continue assisting in the organisation of activities that create a buoyant mood in the community and support the economies of each district.

    Miss Mak emphasised the important and long-term responsibilities of DC members and expressed hope that they dare to be innovative and break new ground, reach out and serve more people, and always be visible and helpful.

    The bureau will continue to arrange training sessions and visits to enhance DC members’ capabilities in discharging their duties and improve the efficacy of district governance to deliver tangible benefits for people.

    MIL OSI Asia Pacific News

  • MIL-OSI Economics: APAC deal activity down by 10.2% YoY in January 2025, says GlobalData

    Source: GlobalData

    The total number of deals announced in the Asia-Pacific (APAC) region fell by 10.2% year-on-year (YoY) in January 2025, with a decline in volume experienced across all the deal types under coverage (comprising mergers & acquisitions (M&A), private equity and venture financing deals), according to GlobalData, a leading data and analytics company.

    An analysis of GlobalData’s Deals Database revealed that the total number of deals announced in the APAC region decreased from 1,189 in January 2024 to 1,068 in January 2025. When looking at the breakdown by deal type, the number of M&A deals decreased by 7.8% during January 2025 compared to the same period in the previous year, whereas the volumes of private equity and venture financing deals were down by 4.8% and 12.3% YoY, respectively.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “When looking at the breakdown by key markets, there was a notable variation in deal volumes. Countries like China, South Korea and Australia saw significant decreases in deal volume, whereas there were also some bright spots in certain key markets like India and Japan, which saw improvement in deal activity during this period.”

    China, the largest market in the region by number of deals, saw a significant decline of 30.4% in deal volume in January 2025 compared to January 2024. South Korea and Australia also experienced notable decreases in deal volume, with respective YoY declines of 28.3% and 17.3%. On the other hand, countries like India and Japan saw their respective deal volume improving by 27.3% and 35% YoY during January 2025.

    Bose adds: “The mixed trend across different APAC markets underscores the diverse nature of deal-making activity in the region. The overall decline could be reflective of broader economic challenges and uncertainties in the region. However, the growth in certain key markets like India and Japan indicates pockets of opportunities as well.”

    MIL OSI Economics

  • MIL-OSI Economics: Duchenne muscular dystrophy market to reach $5.2 billion in 7MM by 2033, forecasts GlobalData

    Source: GlobalData

    Duchenne muscular dystrophy market to reach $5.2 billion in 7MM by 2033, forecasts GlobalData

    Posted in Pharma

    The Duchenne muscular dystrophy (DMD) market across the seven major markets (7MM*) is set to grow from $2.3 billion in 2023 to $5.2 billion in 2033, driven by the recent approvals of innovative therapies such as Sarepta Therapeutics and Roche’s Elevidys (delandistrogene moxeparvovec), and Santhera Pharmaceuticals’ Agamree (vamorolone), according to GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Duchenne Muscular Dystrophy Market Opportunity Assessment, Epidemiology, Clinical Trials, Unmet Needs and Forecast to 2033,”  reveals that a substantial portion of this market growth is attributed to the treatment of ambulatory DMD patients. Exon-skipping therapies currently dominate the DMD therapeutic landscape, generating approximately $1.0 billion in sales in the 7MM in 2023.

    Notably, the sales are derived solely from the US and Japan markets, as exon-skipping therapies have yet to receive regulatory approval in the European Union (EU). Should these therapies gain EU approval by 2033, GlobalData forecasts their contribution to rise to $1.8 billion across the 7MM, a significant market share partly driven by the high annual cost of therapy, which exceeds $1.0 million in the US.

    Asiyah Nawab, Healthcare Analyst at GlobalData, comments: “The DMD treatment landscape is evolving with the emergence of novel therapies such as exon-skipping and gene therapies. However, gene therapies in particular, compared to exon-skipping, will have less of an impact due to the small patient share eligible for treatment, in addition to the high cost of these medicines limiting patient’s access. By 2033, GlobalData forecasts gene therapies to contribute $821 million to the DMD market, a lower figure relative to exon-skipping therapies.”

    The US is set to remain the dominant market for DMD, accounting for 84.8% of total market share in 2023. This is driven by its rapid adoption of advanced therapies, strong regulatory support, and significant investment in DMD research and treatment.

    Regulatory developments have also shaped the market, with Translarna (ataluren) facing challenges in Europe. The European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) has confirmed its recommendation not to renew the conditional marketing authorization for Translarna, citing unconfirmed effectiveness in treating DMD. However, in the US, PTC Therapeutics has resubmitted its New Drug Application (NDA) for Translarna, which the FDA has accepted for review. If approved, Translarna is projected to generate $185 million in US sales alone.

    Nawab continues: “Despite advancements, unmet needs remain a critical concern, particularly for non-ambulatory patients. While recent approvals have expanded treatment options for ambulatory individuals, therapeutic availability for non-ambulatory patients remains a key challenge. Many emerging therapies, including exon-skipping and gene therapies, primarily target early-stage or ambulatory patients, leaving a significant gap for those with advanced disease. This, coupled with high treatment costs and regulatory hurdles, underscores the urgent need for more accessible and effective therapies for later-stage DMD patients.”

    Corticosteroids remain the cornerstone of DMD management and will continue to play a crucial role despite the emergence of novel therapies.

    Nawab concludes: “Steroids will always be the standard of care for DMD, offering a cost-effective treatment option with proven efficacy. However, the anticipated expansion of exon-skipping and gene therapies will provide additional options for patients, particularly if they receive broader regulatory approval in key markets.”

    *7MM: The US, France, Germany, Italy, Spain, the UK, and Japan

    MIL OSI Economics

  • MIL-OSI Economics: Capacity Building for Saline Agriculture in the Mekong Delta—Innovation in Focus: Salt Farming

    Source: Asia Development Bank

    The case study explains how ADB is working with the Netherlands Trust Fund through the Water Financing Partnership Facility to tackle saline intrusion, which is driven by climate change and rising sea-levels. It details how the project promotes interactive learning and shows farmers why better soil management, crop selection, and shifting to systems such as hydroponics could improve the long-term agricultural potential of saline-affected areas.

    MIL OSI Economics

  • MIL-OSI: Bitget Secures Virtual Asset Service Provider license in Bulgaria Aligning with its EU Expansion Plans

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 14, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has obtained a Virtual Asset Service Provider (VASP) license from Bulgaria’s National Revenue Agency. The official licensing now enables Bitget to offer a comprehensive suite of crypto services within Bulgaria, including the exchange, trading, transfer, custody, and public offering of crypto assets, as well as wallet services. This aligns with Bitget’s broader plans of obtaining EU’s Markets in Crypto-Assets (MiCA) license, which will boost its foothold in the region.

    The VASP license in Bulgaria aligns with Bitget’s strategic expansion across the European Union. The company is actively preparing for compliance with the EU’s MiCA framework, which seeks to establish a unified regulatory environment for crypto assets throughout the region.

    “The successful application of the VASP license in Bulgaria is a part of Bitget’s expansion strategy to serve users across the European Union,” said Hon Ng, Chief Legal Officer at Bitget. “As the EU continues to lead with regulatory frameworks like MiCA, we see strong potential for sustainable growth and innovation in the region while maintaining compliance. Bulgaria serves as a strategic gateway for our European expansion, offering crypto-friendly ecosystems the chance to accelerate crypto’s adoption.”

    Ng added, “In 2025, we are excited to continue to grow Bitget’s global regulatory footprint in partnership with various regulators around the world. We have a sharp focus on meeting compliance standards in every jurisdiction where we operate and we have been investing in our compliance programme from day one. We believe that our approach enhances user trust, ensures market integrity while at the same time increasing global adoption of digital assets and ensures long-term sustainable growth as we align our operations with emerging regulations worldwide.”

    Bitget views regulatory compliance as an integral part of its future success, which is evident through its acquisition of approvals in key markets such as Poland, Italy, Lithuania, UK and now Bulgaria.

    The VASP license in Bulgaria grants Bitget the regulatory approval to offer a wide array of services to cater to the needs of digital asset users in the region. These services include the exchange of crypto assets, enabling seamless conversion between crypto and fiat; trading and transfer of crypto assets, facilitating efficient and secure transactions; and custody services, providing a strong framework for safeguarding user assets. Additionally, the license permits the public offering of crypto assets, supporting the scope for innovative token launches and opportunities.

    In the last three months alone, Bitget has put forth major licensing and expansion updates. It has secured a BSP license in El Salvador, approval in the UK to provide digital asset services, and has powered a compliant Vietnam-based exchange BitEXC. Recently, Forbes has ranked Bitget as one of the world’s most trustworthy exchanges and with Bulgaria’s VASP license, Bitget continues to make significant progress in this area. The company plans to collaborate closely with European regulators to ensure its products meet all regulatory requirements while prioritizing the protection of user assets and data.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3dafce49-6bd9-4e83-9453-e5503f7b4596

    The MIL Network

  • MIL-OSI Economics: Committee of Permanent Representatives to ASEAN, Deputy Secretary-General of ASEAN meet with Minister of International Development of Canada

    Source: ASEAN – Association of SouthEast Asian Nations

    The Committee of Permanent Representatives to ASEAN (CPR) and Deputy Secretary-General of ASEAN for Community and Corporate Affairs met today with Minister of International Development of Canada, Ahmed Hussen. They exchanged views on ways to broaden and deepen the ASEAN-Canada Strategic Partnership as well as discussed the future direction of ASEAN-Canada cooperation in the coming years.

    The post Committee of Permanent Representatives to ASEAN, Deputy Secretary-General of ASEAN meet with Minister of International Development of Canada appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI China: Announcement on Open Market Operations No.30 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.30 [2025]

    (Open Market Operations Office, February 14, 2025)

    The People’s Bank of China (PBOC) issued the second and third batches of central bank bills in 2025 on the Central Moneymarkets Unit (CMU) bond tendering platform of the Hong Kong Monetary Authority (HKMA) through interest rate bidding on February 14, 2025 (Friday).

    Issue

    Volume

    Maturity

    Rate

    The Second Batch of Central Bank Bills (2025) (Hong Kong)

    RMB40 billion

    3 months

    (91 days)

    2.60%

    The Third Batch of Central Bank Bills (2025) (Hong Kong)

    RMB20 billion

    1 year

    2.32%

    Date of last update Nov. 29 2018

    2025年02月14日

    MIL OSI China News