Category: Banking

  • MIL-OSI: Danske Bank share buy-back programme: transactions in week 12

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 14 2025

    Danske Bank

    Bernstorffsgade 40

    DK-1577 København V

    Tel. + 45 33 44 00 00

    24/03/2025

    Page 1 of 1

    Danske Bank share buy-back programme: transactions in week 12

    On 7 February 2025, Danske Bank A/S announced a share buy-back programme for a total of DKK 5 billion, with a maximum of 45,000,000 shares, in the period from 10 February 2025 to 30 January 2026, at the latest, as described in company announcement no. 6 2025.

    The Programme is carried out in accordance with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).

    The following transactions on Nasdaq Copenhagen A/S were made under the share buy-back programme in week 12:

      Number of shares VWAP DKK Gross value DKK
    Accumulated, last announcement 125,000 236.8982 29,612,278
    17/03/2025 5,000 239.3872 1,196,936
    18/03/2025 5,000 243.3227 1,216,614
    19/03/2025 5,000 244.0602 1,220,301
    20/03/2025 5,000 241.3281 1,206,641
    21/03/2025 187,100 229.8545 43,005,777
    Total accumulated over week 12 207,100 231.0298 47,846,268
    Total accumulated during the share buyback programme 332,100 233.2386 77,458,546

    With the transactions stated above, the total accumulated number of own shares under the share buy-back programme corresponds to 0.039% of Danske Bank A/S’ share capital.

    Danske Bank

    Contact: Claus Ingar Jensen, Head of Group Investor Relations, tel. +45 25 42 43 70

    Attachment

    The MIL Network

  • MIL-OSI: Sydbank share buyback programme: transactions in week 12

    Source: GlobeNewswire (MIL-OSI)

    Company Announcement No 12/2025

    Peberlyk 4
    6200 Aabenraa
    Denmark

    Tel +45 74 37 37 37
    Fax +45 74 37 35 36

    Sydbank A/S
    CVR No DK 12626509, Aabenraa
    sydbank.dk

    24 March 2025  

    Dear Sirs

    Sydbank share buyback programme: transactions in week 12
    On 26 February 2025 Sydbank announced a share buyback programme of DKK 1,350m. The share buyback programme commenced on 3 March 2025 and will be completed by 31 January 2026.

    The purpose of the share buyback programme is to reduce the share capital of Sydbank and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.

    The following transactions have been made under the share buyback programme:

      Number of shares VWAP Gross value (DKK)
    Accumulated, most recent
    Announcement

    119,000

     

    52,669,390.00

    17 March 2025
    18 March 2025
    19 March 2025
    20 March 2025
    21 March 2025
    8,000
    8,000
    7,000
    7,000
    19,000
    449.74
    450.85
    451.93
    449.01
    425.47
    3,597,920.00
    3,606,800.00
    3,163,510.00
    3,143,070.00
    8,083,930.00
    Total over week 12 49,000   21,595,230.00
    Total accumulated during the
    share buyback programme

    168,000

     

    74,264,620.00

    All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S.

    Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation, is available in the attachment.

    Following the above transactions, Sydbank holds a total of 3,552,669 own shares, equal to 6.50% of the Bank’s share capital.

    Yours sincerely
            
    Mark Luscombe        Jørn Adam Møller
    CEO        Deputy Group Chief Executive

    Attachment

    The MIL Network

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

    Source: ASEAN

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

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

    MIL OSI Global Banks

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

    Source: Asia Development Bank

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    Nansu Isadahl and Avdesh Gupta contributed to this blog post.
     

    MIL OSI Economics

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

    Source: Asia Development Bank

    The role of mobile money in financial inclusion

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

    Pakistan’s evolving financial landscape

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

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

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

    Lessons from India and PRC

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

    The retail sector’s untapped potential

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

    MIL OSI Economics

  • MIL-OSI Africa: Somalia joins Afreximbank as it seeks to boost Intra-African trade and economic growth

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

    CAIRO, Egypt, March 24, 2025/APO Group/ —

    Somalia has formally acceded to the Establishment Agreement of African Export-Import Bank (Afreximbank) (www.Afreximbank.com), becoming the 53rd African member state of the African multilateral financial institution and bringing the Bank closer to its goal of broadening its product offerings to all parts of the continent.  

    In the instrument of accession signed by Hon. Hirsi Jama Gani, State Minister, Office of the Prime Minister, Somalia notified Afreximbank that Somalia “accepts, and hereby accedes, to the Agreement for the Establishment of the Bank” and pledged to undertake all necessary steps to expedite ratification of the Agreement. 

    Somalia’s membership of Afreximbank is a significant milestone that places the country on a path of sustainable economic transformation, upgrading of the country’s trade and industrial infrastructure, and most importantly joins the rest of the continent in the push towards continental integration and self-reliance through the African Continental Free Trade Area (AfCFTA). 

    Expressing deep satisfaction at Somalia’s decision to accede to the Agreement, Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, emphasised the mutual benefits to both parties. 

    “We are delighted to welcome Somalia into the Afreximbank family. This is a significant milestone as it widens the opportunity for the Somali public and private sectors to access financing and other related interventions that addresses their real needs. By joining the Bank, Somalia embarks on a new journey of pursuing its developmental aspirations on its own terms, backed by unwavering support from Afreximbank, a bank with proven track record of supporting its Participating States in good and bad times. Today, we begin a collective journey to enable the Somali economy to realise the maximum value from its natural resources while hastening its integration into the African Continental Free Trade Area.” 

    Hon. Hirsi Jama Ganni, Somalia’s State Minister of the Office of the Prime Minister expressed gratitude to Afreximbank for Somalia’s membership: “On behalf of the Government of Somalia and its people, I sincerely thank Afreximbank for its efforts that led our country to become a member state of the Bank. This milestone agreement signals our commitment to becoming a key player in regional and continental development, especially through trade, under the framework of the African Continental Free Trade Area (AfCFTA). This partnership is significant to Somalia’s ongoing reconstruction and economic diversification efforts, opening doors for financial and technical support.” 

    Hon. Ganni added: “We urge Afreximbank to accelerate the implementation of its programs and initiatives in Somalia, aligning them with Somalia’s National Development Plan and helping it meet its ambitious development goals. This is a critical step in realising the full potential of our country and for Somalia to regain its position as a strategic trade hub within East Africa .”  

    This accession follows proactive engagements between Afreximbank and the Somalia government, aimed at identifying and exploring opportunities to support the country’s development agenda. A collaborative roadmap has been established to guide these efforts. Additionally, Afreximbank has initiated discussions with Somalia’s corporate and financial sectors, recognizing their vital role in delivering the Bank’s developmental programs and fostering economic growth within the country.  

    In the meeting with the Afreximbank team, Hon. Abdirahman Abdullahi, Governor of the Central Bank of Somalia said: “Afreximbank’s visit to Mogadishu was timely as it came just after Somalia joined the East African Community regional trade bloc in 2024, and successfully completed the Highly Indebted Poor Countries (HIPC) debt relief process. The Somali people are renowned for their trade and entrepreneurial spirit, and I urge the business community in Somalia to fully leverage the opportunities offered by Afreximbank under its financing programs, to expand their reach, drive sustainable growth, and contribute to a more connected and competitive economy.” 

    MIL OSI Africa

  • MIL-OSI Europe: Piero Cipollone: Interview with Expansión

    Source: European Central Bank

    Interview with Piero Cipollone, Member of the Executive Board of the ECB, conducted by Andrés Stumpf

    24 March 2025

    The last ECB Governing Council meeting left the door open for a pause in interest rate cuts, or even stopping them all together. Would you be OK with rates remaining at their current level of 2.5%?

    At the time of our March meeting, markets were pricing in a reduction in interest rates over the coming months, including going below 2%, with rates stabilising around that level. To produce our macroeconomic projections we take as given the rate path being priced in by markets and, despite rates being on a downward trajectory, the projections showed inflation converging towards our target at the beginning of 2026, with slightly weaker growth.

    Since then, not only has this narrative been confirmed, but key issues have arisen that have strengthened the arguments in favour of continuing to lower rates. First, energy prices have fallen significantly. The upward revision to projected inflation for this year was based on increased energy costs, but the pressure has eased as this trend reverses. Second, the euro has appreciated and real rates have increased, which contributes to lower inflation.

    And if the United States were to impose tariffs on European exports, that would have a negative impact on demand, which would further strengthen the downward trend in inflation. In the same vein, trade tensions between China and the United States could lead to China redirecting its products to the European market, increasing the downward pressure on prices.

    So will you continue cutting rates?

    We will go into each meeting with an open mind, assessing the available data and taking decisions on a meeting-by-meeting basis. Each adjustment will depend on how the economy evolves and how the uncertainties are resolved, but current conditions make it conceivable that monetary policy will be less restrictive as, at the moment, the outlook remains consistent with our March projections.

    In fact, according to the data we have available, we are likely to reach our inflation objective sooner than our latest projections indicate.

    The ECB’s latest statement signalled that monetary policy is now “meaningfully less restrictive”. Does this solely refer to the rate cuts that have already happened, or might it give us some hints about your next moves?

    That phrase alludes to the fact that we have already come a long way. It doesn’t say anything about the future, and we will go into the next meeting with new data that we will have to assess. If the path and our narrative are confirmed, from my perspective there is room to relax our monetary policy further.

    Would additional rate cuts get us to the famous, much-debated “neutral rate”, which is neither expansionary nor contractionary?

    It’s an interesting theoretical concept, but not particularly useful for conducting monetary policy. At the ECB we have sophisticated models and economists who analyse projections and risks. Their work provides crucial information that enables the Governing Council to take decisions on the basis of sound evidence. The neutral rate sparks an engaging debate, but the range [from 1.75% to 2.25%] is so wide that, depending on where you fall within this apparent neutral range, you could be conducting a totally different monetary policy.

    Europe currently needs substantial investment to tackle the climate transition and the loss of competitiveness, and now also for defence. Can the ECB help to mitigate this challenge?

    The ECB will contribute by providing a stable environment. For us, price stability and the expectation of price stability are essential elements because they encourage long-term planning. Families and businesses can plan, invest and take decisions accordingly.

    We are considering climate change, competitiveness and security challenges and the associated financing needs from that angle, analysing their economic and financial impact from the perspective of price stability. Aside from that, we’re getting into areas that aren’t within the ECB’s mandate.

    In any case, it’s important to avoid monetary policy keeping GDP growth below potential if that isn’t necessary to control inflation. If we are continually growing below potential we will end up undermining that potential. Investment is essential for supporting and growing the economy, and unnecessarily reducing investment can hamper long-term growth and make the economy more vulnerable to shocks.

    So, in this sense, our main contribution will be maintaining price stability, securing a stable economic environment and avoiding unnecessary restrictions on GDP growth.

    Recently you have signalled that the ECB shrinking its balance sheet could make monetary policy more restrictive and demand larger rate cuts.

    It’s more complicated than that. The large asset purchases we carried out in the past lowered long-term sovereign bond yields by as much as 175 basis points. Now, because of the reduction in the size of our balance sheet, this figure is 75 basis points and falling.

    But there’s another important factor. It’s not just about the size of central bank reserves, it’s also about their composition. ECB research shows that the composition of these reserves is very important for banks’ lending ability. The research estimates that debt portfolio holdings (under the ECB’s asset purchase programme (APP) and pandemic emergency purchase programme (PEPP)) will decrease by around €500 billion in 2025. This is associated with a possible €75 billion decline in credit supply. To put this into perspective, it is roughly equivalent to the amount of loans that banks granted to non-financial corporations in 2024.

    Therefore, we should bear in mind that, if nothing else happens, the reduction of the central bank balance sheet is putting pressure on banks’ lending capacity. So we need to monitor this effect and take it into consideration when calibrating our monetary policy stance.

    Growth in Spain is stronger and inflation is somewhat higher. Is the country at risk from the interest rate cuts?

    Inflation in Spain is currently slightly higher due to energy prices, and the stronger growth is in part also driven by supply factors, such as the impact of migration on the labour market. I think Spain’s growth is healthy.

    In any case, there have always been differences between euro area economies, and between regions in individual countries. The important thing is that there is convergence in economic and financial conditions, and we are actually seeing that in many respects. For example, despite all the volatility, risk premia have remained relatively contained.

    What is the current status of the digital euro?

    We are progressing as planned with our preparation phase, which will come to an end in October this year. We have been working on selecting providers. We’ve carried out the procurement process with potential suppliers and are about to finalise it. We are also developing the rulebook, and we’re working on ways to engage more with users.

    In the meantime, we are waiting for the legislative process to be completed. That is a key component.

    Are you optimistic?

    We know that progress has been made and we hope that the process will be concluded within a reasonable amount of time.

    One factor is important: there is a growing sense of urgency. The situation outside the euro area is a source of pressure and demands greater consideration of the risks we face in payments as a result of our fragility and our extreme dependence on foreign providers. I have the impression that this increased sense of urgency has now reached the legislators.

    At the European Parliament, President Lagarde argued that the digital euro is a tool of sovereignty. Would you agree with that?

    I fully agree with that statement. The digital euro is a structural necessity for the European payments market, irrespective of recent developments in other countries. However, recent events further underline the urgent need to make progress in this direction.

    The digital euro is key to reducing our foreign dependence as regards Europeans’ everyday payments. In addition, having more solutions across Europe will make us more competitive, which will lead to lower prices, better services and greater innovation.

    At a time of tensions between the EU and the United States, don’t you think that a public initiative designed to compete with US payment systems could cause further friction?

    I don’t think so, because it’s logical to think that each jurisdiction should have its own infrastructure that it can rely on. Payments are like water or electricity – essential services that every economy needs to ensure are available. In developing a digital euro, we are not seeking a confrontation with anyone. Implementing a digital euro is something that we should have done irrespective of the circumstances. It is about ensuring the resilience of our economy and that we are the master of our own destiny.

    The United States has abandoned plans for a digital dollar and other countries have also put their projects on hold. Why do you think the digital euro should go ahead?

    Every country and every region has its particular characteristics. In Europe we are facing specific challenges, like a fragmented payments market and a dependence on foreign solutions. Other countries and regions do not have the same problems and so may not see the same need.

    In any case, in the United States, there is a proposal that would allow stablecoins to hold their reserves with the Federal Reserve. This could be marketed as a form of hybrid digital dollar. In fact, some stablecoins present themselves as the world’s digital dollar.

    When will people be able to pay with digital euro?

    It very much depends on when the legislative process is finalised. The technical preparations and developments will take time, both on our side and for banks and the market. This could take some two or two-and-a-half years from the moment the decision to issue a digital euro is taken, once the legislation is in place.

    Do you have an estimate of the cost of the project?

    As the legislation is still pending and the procurement phase has not yet been finalised, it is difficult to say what the final cost of the project will be. In the procurement documentation we gave an initial estimate for the elements that will be sourced externally. This was based on market research we had carried out previously. These costs are estimated to be €432 million, including both the infrastructure and the operation of the system for 10-15 years. On top of that there will also be internal development costs, especially for the ledger. The ECB would bear these costs in the same way as it does for the production and issuance of banknotes. And like for banknotes, these costs would be covered by the seigniorage income generated by the digital euro.

    MIL OSI Europe News

  • MIL-OSI: Share repurchase programme: Transactions of week 12 2025

    Source: GlobeNewswire (MIL-OSI)

    The share repurchase programme runs as from 26 February 2025 and up to and including 30 January 2026 at the latest. In this period, Jyske Bank will acquire shares with a value of up to DKK 2.25 billion, cf. Corporate Announcement No. 3/2025 of 26 February 2025. The share repurchase programme is initiated and structured in compliance with the EU Commission Regulation No. 596/2014 of 16 April 2014, the so-called “Market Abuse Regulation”, and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).

    The following transactions have been made under the program:

      Number of
    shares
    Average purchase
    price (DKK)
    Transaction
    value (DKK)
    Accumulated, previous announcement 51,716 579.97 29,993,819
    17 March 2025 4,000 584.62 2,338,474
    18 March 2025 4,000 590.67 2,362,698
    19 March 2025 4,000 588.93 2,355,736
    20 March 2025 4,000 579.93 2,319,712
    21 March 2025 4,000 583.72 2,334,872
    Accumulated under the programme 71,716 581.53 41,705,310

    Following settlement of the transactions stated above, Jyske Bank will own a total of 2,836,834 of treasury shares, excluding investments made on behalf of customers and shares held for trading purposes, corresponding to 4.41% of the share capital.

    Attached to this corporate announcement, aggregated details on the transactions related to the share repurchase programme are shown by venue.
                                                             
    Yours faithfully,
    Jyske Bank

    Contact: Birger Krøgh Nielsen, CFO, tel. +45 89 89 64 44.

    Attachment

    The MIL Network

  • MIL-OSI: Financial Stability Authority’s updated decision on setting the minimum amount of Oma Savings Bank Plc’s own funds and eligible liabilities

    Source: GlobeNewswire (MIL-OSI)

    OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 24 MARCH 2025 AT 9.30 A.M. EET, INSIDE INFORMATION

    Financial Stability Authority’s updated decision on setting the minimum amount of Oma Savings Bank Plc’s own funds and eligible liabilities

    The Financial Stability Authority has set an updated level for Oma Savings Bank Plc (OmaSp) for the minimum amount of own funds and eligible liabilities (MREL requirement) for Oma Savings Bank Plc (OmaSp) on 21 March 2025 and revokes the decision issued on 17 April 2024.

    The updated MREL requirement (Minimum Requirement for own funds and Eligible Liabilities) enters into force one year earlier and must be fulfilled at the latest 17 April 2026 (previously 17 April 2027). The updated MREL consists of a total risk-based requirement of 20.88% (previously 20.88%) and a requirement based on the total amount of exposures used in the calculation of the leverage ratio, which is 7.89 percent (previously 7.82 percent).

    CEO Sarianna Liiri:
    ” The updated decision of the Financial Stability Authority does not significantly change the situation from the previous one. The measures are ongoing, and we will complete the future MREL requirement well in advance of its entry into force in accordance with OmaSp’s financing plan.”

    Oma Savings Bank Plc

    Additional information:
    Sarianna Liiri, CEO, tel. +358 40 835 6712, sarianna.liiri@omasp.fi
    Minna Sillanpää, CCO, tel. +358 50 66592, minna.sillanpaa@omasp.fi

    DISTRIBUTION
    Nasdaq Helsinki Ltd
    Major media
    www.omasp.fi

    OmaSp is a solvent and profitable Finnish bank. About 500 professionals provide nationwide services through OmaSp’s 48 branch offices and digital service channels to over 200,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations.

    OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in OmaSp.

    The MIL Network

  • MIL-OSI: Andrius Načajus will become the CEO of INVL Asset Management

    Source: GlobeNewswire (MIL-OSI)

    The new CEO of INVL Asset Management, the leading alternative asset manager in the Baltics, as of 1 April will be Andrius Načajus, a finance executive with many years of experience. He is replacing interim CEO Audrius Matikiūnas, the company’s Head of Business Development.  

    Andrius Načajus will also be a member of the board of INVL Financial Advisors, the financial brokerage company operating under the brand name INVL Family Office. The Bank of Lithuania’s permission for him to serve in both roles has been obtained. In the near future, subject to approval by Latvia’s supervisory authority, he should become a member of the supervisory board of INVL Asset Management in Latvia as well. 

    “We value Andrius’s managerial experience, multifaceted financial market competence and openness to innovation. We believe that he will contribute actively to rapid business growth, operational efficiency and outstanding results for our investors,” says Darius Šulnis, the CEO of Invalda INVL and Chairman of the Board of INVL Asset Management. 

    “It is a great honour to join the private equity market leader with the strongest team of investment professionals in the Baltics. INVL Asset Management demonstrates an exceptional ability to select assets with growth potential and generate superior returns for its clients. I believe those skills are particularly relevant in these times of extraordinary change,” Andrius Načajus remarks.  

    The new CEO has more than 20 years of management experience in the financial sector in the Baltic countries. Prior to joining INVL Asset Management, he was the chief financial officer at Achema Group. Before that, he worked for 6 years at Luminor Bank, where he was a member of the group management board, head of corporate banking in the Baltics, and country head for Lithuania. He had previously led the corporate banking, markets and investment banking units at DNB Bank in Lithuania.  

    A. Načajus graduated from the Stockholm School of Economics and Business in Riga and Stockholm, where he obtained a master’s degree in international business. 

    INVL Asset Management is a part of Invalda INVL, the leading Baltic asset management group, which currently employs more than 150 employees. The Invalda INVL group manage or have under supervision more than EUR 1.6 billion of assets across multiple asset classes including private equity, forests and agricultural land, renewable energy, real estate as well as private debt. The group’s scope of activities also includes family office services in Lithuania, Latvia and Estonia, management of pension funds in Latvia, and investments in global third-party funds. 

    Additional information:
    Darius Šulnis
    darius.sulnis@invl.com

    The MIL Network

  • MIL-OSI NGOs: Displacement in northern West Bank takes a toll on Palestinians

    Source: Médecins Sans Frontières –

    • Thousands of people are without proper shelter, essential services and access to healthcare in northern parts of the West Bank, Palestine.
    • This follow Israel’s launch of the “Iron Wall” military operation, which is forcibly displacing thousands of Palestinians.
    • Israel must halt the forcible displacement of people in the West Bank, and the humanitarian response must be scaled up.

    JERUSALEM – Médecins Sans Frontières (MSF) warns that tens of thousands of displaced people in northern parts of the West Bank, Palestine, are without proper shelter, essential services, and access to healthcare. Following the January 2025 ceasefire in Gaza, Israel launched the “Iron Wall” military operation in the occupied West Bank, forcibly displacing thousands of people, and leaving them in an extremely precarious situation. Israel must immediately halt the forcible displacement of Palestinians in the West Bank, and the humanitarian response must be scaled up and reach those in need. 

    “This scale of forced displacement and destruction of the camps has not been seen for decades,” says Brice de la Vingne, MSF director of operations. “People are unable to return to their homes as Israeli forces have blocked access to the camps, destroying homes and infrastructure.”

    “Camps have become ruins and dust,” says de la Vingne. “Israel must stop this, and the humanitarian response needs to be scaled up.”

    MSF mobile clinic teams provide basic healthcare consultations to forcibly displaced Palestinian refugees in Jenin. They also provide mental health support to children in the form of recreational activities. Northern West Bank, Palestine, March 2025.
    Oday Alshobaki/MSF

    Since the war in Gaza broke out in October 2023, Israeli forces have increased the use of extreme physical violence against Palestinians in the occupied West Bank, as MSF highlighted in our report “Inflicting harm and denying care”. In total, 930 Palestinians have been killed, including 187 children, since the war in Gaza began, according to the World Health Organization (WHO). 

    Access to healthcare has been severely hindered, as confirmed by MSF teams on the ground who have witnessed the systematic pattern of oppression by Israel on health workers and patients. The situation further deteriorated since the ceasefire in Gaza, and Israel’s “Iron Wall” operation which has effectively emptied the three main refugee camps of Jenin, Tulkarem and Nur Shams in the northern West Bank, forcibly displacing over 40,000 Palestinians, according to OCHA. 

    “The [Israeli] army raided our house and ordered us to evacuate,” says Issam, an MSF patient who was displaced from Nur Shams camp. “We weren’t allowed to take anything with us – not even our documents.”

    “All we received was the warning: ‘Get out’,” says Issam. “Displacement is suffering, a silent anguish, a deep pain in the heart for everyone. You see the tears in people’s eyes, but we hold them back.”

    The mental health situation is alarming, with many patients suffering from stress, anxiety, and depression due to the violent and unpredictable nature of incursions and displacement. 

    “People don’t know what has happened to their homes and have suffered immense losses, including their sense of purpose,” says Mohammad, an MSF community health educator.

    “Drones were flying over the houses, ordering the residents to get out,” says Abdel, a resident of Jenin camp. “They always destroy things, but nothing like this has ever happened before.”

    MSF previously offered support in the three camps but had to adapt activities given the security risks and people’s displacement. Our teams now operate daily mobile clinics in Tulkarem and Jenin to provide medical care to displaced people. Our teams are treating chronic conditions such as diabetes and hypertension which have worsened due to lack of access to medication; respiratory infections, and osteo-muscular disorders among others.

    An MSF doctor provides a consultation to a patient at the Jenin MSF clinic in the northern West Bank. Palestine, March 2025.
    Oday Alshobaki/MSF

    Our teams also distribute hygiene kits and food parcels to support those who were forced to leave their homes without resources or belongings. MSF is providing water to the Khalil Suleiman hospital, the main hospital in Jenin, to mitigate frequent supply shortages due to damage from the military operations.

    MSF continues to respond to the urgent needs, but the scale of displacement and the escalating humanitarian crisis, amid the inadequate international response, present an immense challenge and needs in the West Bank are only getting worse.

    MIL OSI NGO

  • MIL-OSI Banking: Secretary-General of ASEAN tours the National Museum of Indonesia and meets with Minister of Culture of the Republic of Indonesia

    Source: ASEAN

    Dr. Kao Kim Hourn, Secretary-General of ASEAN, together with H.E. Dr. H. Fadli Zon, Minister of the Ministry of Culture of the Republic of Indonesia, today toured the exhibitions that showcased the rich cultural heritage and history of Indonesia, at the National Museum of Indonesia in Jakarta. Following the tour, both sides took the opportunity to discuss and exchange views on cultural cooperation including heritage initiatives in ASEAN, and explored new opportunity to strengthen regional cultural cooperation towards advancing ASEAN’s cultural agenda.  

    The post Secretary-General of ASEAN tours the National Museum of Indonesia and meets with Minister of Culture of the Republic of Indonesia appeared first on ASEAN Main Portal.

    MIL OSI Global Banks

  • MIL-OSI Submissions: Palestine Occupied Territories – Mass displacements in northern West Bank take a dramatic toll on Palestinians, warns MSF

    Source: Médecins Sans Frontières/Doctors Without Borders (MSF)

    JERUSALEM – Médecins Sans Frontières/Doctors Without Borders (MSF) warns that tens of thousands of displaced people in the northern West Bank, Palestine, are without proper shelter, essential services, and access to healthcare. Following the January 2025 ceasefire in Gaza, Israel launched the “Iron Wall” military operation in the occupied West Bank, forcibly displacing thousands and leaving them in an extremely precarious situation. Israel must immediately halt the forcible displacement of Palestinians in the West Bank and the humanitarian response must be scaled up and reach those in need.

    “This scale of forced displacement and destruction of the camps has not been seen for decades. People are unable to return to their homes as Israeli forces have blocked access to the camps, destroying homes and infrastructure. Camps have become ruins and dust” explains Brice de la Vingne, MSF director of operations. “Israel must stop this, and the humanitarian response needs to be scaled up”.

    Since the war in Gaza broke out in October 2023, Israeli forces have increased the use of extreme physical violence against Palestinians in the occupied West Bank, as MSF highlighted in its report “Inflicting harm and denying care”. In total, 930 Palestinians have been killed including 187 children according to the World Health Organization (WHO). Access to healthcare has been severely hindered as confirmed by MSF teams on the ground who have witnessed the systematic pattern of oppression by Israel on health workers and patients. The situation further deteriorated since the ceasefire in Gaza and Israel’s “Iron Wall” operation which has effectively emptied the three main refugee camps of Jenin, Tulkarem and Nur Shams in northern West Bank forcibly displacing over 40,000 Palestinians according to OCHA.

    “The [Israeli] army raided our house and ordered us to evacuate. We weren’t allowed to take anything with us – not even our documents. All we received was the warning: ‘Get out’,” explains Issam, 55, MSF patient who was displaced from Nur Shams camp. “Displacement is suffering, a silent anguish, a deep pain in the heart for everyone. You see the tears in people’s eyes, but we hold them back.”

    The mental health situation is alarming, with many patients suffering from stress, anxiety, and depression due to the violent and unpredictable nature of incursions and displacement. “People don’t know what has happened to their homes and have suffered immense losses, including their sense of purpose,” says Mohammad, 30, an MSF community health educator.

    “Drones were flying over the houses, ordering the residents to get out.  They always destroy things, but nothing like this has ever happened before” according to Abdel, resident of Jenin camp.

    MSF previously offered support in the three camps but had to adapt activities given the security risks and displacement of the populations. MSF teams now operate daily mobile clinics in Tulkarem and Jenin to provide medical care to displaced people. Our teams are treating chronic conditions such as diabetes and hypertension which have worsened due to lack of access to medication; respiratory infections, and osteo-muscular disorders among others. MSF teams also distribute hygiene kits and food parcels to support those who were forced to leave their homes without resources or belongings. MSF is providing water to the Khalil Suleiman hospital, the main hospital in Jenin, to mitigate frequent supply shortages due to damage from the military operations.

    MSF continues to respond to the urgent needs, but the scale of displacement and the escalating humanitarian crisis amid the inadequate international response present an immense challenge and needs in the West Bank are only getting worse.

    MSF is an international, medical, humanitarian organisation that delivers medical care to people in need, regardless of their origin, religion, or political affiliation. MSF has been working in Haiti for over 30 years, offering general healthcare, trauma care, burn wound care, maternity care, and care for survivors of sexual violence. MSF Australia was established in 1995 and is one of 24 international MSF sections committed to delivering medical humanitarian assistance to people in crisis. In 2022, more than 120 project staff from Australia and New Zealand worked with MSF on assignment overseas. MSF delivers medical care based on need alone and operates independently of government, religion or economic influence and irrespective of race, religion or gender. For more information visit msf.org.au  

    MIL OSI – Submitted News

  • MIL-OSI Russia: Financial news: 03/21/2025, 18-16 (Moscow time) the values of the lower limit of the price corridor and the range of market risk assessment for the security RU000A1035Y6 (BMBankP08) were changed.

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    03/21/2025 18:16

    In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of PJSC Moscow Exchange by NCO NCC (JSC), on March 21, 2025, 18-16 (Moscow time), the values of the lower limit of the price corridor (up to 76.29) and the range of market risk assessment (up to 739.57 rubles, equivalent to a rate of 7.5%) of the security RU000A1035Y6 (BMBankP08) were changed.

    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.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //VVV. MOEX.K.MO/N88757

    MIL OSI Russia News

  • MIL-OSI Banking: ADB’s Partnership with Canada

    Source: Asia Development Bank

    • ADB and Canada have been working together for nearly six decades to tackle some of the most pressing development challenges in Asia and the Pacific.

    Article | 24 March 2025

    SHARE THIS PAGE

    For nearly six decades, the Asian Development Bank (ADB) and Canada have collaborated to tackle some of the most pressing development challenges in Asia and the Pacific. From advancing gender equality to addressing the climate crisis, environmental degradation, and poverty and inequality, the partnership has played an important role in the region’s sustainable development.

    A founding member of ADB, Canada has contributed $245 million to sovereign projects, matched by $868 million of ADB’s resources, and $530 million to ADB-managed trust funds. Canada-based private entities have also committed $383 million to nonsovereign operations.

    In 2023, Canada’s cofinancing commitments amounted to $6.9 million. In the same year, ADB’s Trade and Supply Chain Finance Program supported five Canadian exports and/or imports valued at $2.1 million.

    Advancing shared priorities

    Canada’s Indo-Pacific Strategy, launched in November 2022, identifies Asia and the Pacific as a region of immense opportunity. With an investment of about Can$2.3 billion over the next five years, the strategy signals Canada’s commitment to the region. It focuses on sustainable infrastructure, gender equality, climate change, and inclusive development. It also aligns efforts with global initiatives such as the G7 Partnership for Global Infrastructure Investment.

    Collaborating with FinDev Canada

    ADB and FinDev, Canada’s development finance institution, signed a memorandum of understanding in May 2023 to cooperate on sustainable and inclusive private sector investments that promote development in Asia and the Pacific. They will jointly support private sector growth and investments in emerging and developing markets that advance women’s economic empowerment, climate action, and local market development.

    Driving results through trust funds

    ADB’s trust funds are essential to mobilize private financing and accelerate private sector participation in development. Canada has supported 6 ADB-managed trust funds, including:

    Asia Pacific Project Preparation Facility. Enhancing infrastructure development with $63.3 million in collective contributions alongside Australia, Japan, and the Republic of Korea. It supports the preparation and structuring of infrastructure projects, with private sector participation, and bringing them to the global market.

    Canadian Climate and Nature Fund for the Private Sector in Asia. Supporting private sector projects in the region focused on climate and nature-based solutions, with $255 million in commitments.

    Canadian Climate Fund for the Private Sector in Asia. Catalyzing private investment in climate change mitigation and adaptation in Asia and the Pacific. It is ADB’s first concessional debt cofinancing facility focused on private sector climate actions, with $77.3 million in commitments.

    Canadian Climate Fund for the Private Sector in Asia II. Supporting private sector participation in climate change mitigation and adaptation in low- and lower-middle-income countries and upper-middle-income small island developing states, with $149.5 million in commitments.

    Stories of ADB-Canada partnerships

    Bangladesh: Keeping the Kids in Primary School. Bangladesh’s Primary Education Development Program, cofinanced by ADB and Canada, and other partners, introduced innovative approaches that changed the face of basic education in the country, such as the adoption of multimedia, teacher training, and reward schemes to encourage kids to stay in school.

    Lao People’s Democratic Republic: Southeast Asia’s Biggest Wind Power Plant. The Monsoon Wind Power Company is building a wind power plant in the Lao PDR. ADB and Canada, along with other partners, are cofinancing what is poised to become the largest wind power facility in Southeast Asia.

    Maldives: Boosting Small Businesses and the Blue Economy. ADB and Canada, along with other partners, are providing the Bank of Maldives with a financing package to boost small businesses and investments in sustainable blue economy projects.

    SHARE THIS PAGE

    MIL OSI Global Banks

  • MIL-OSI China: Announcement on Open Market Operations No.56 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.56 [2025]

    (Open Market Operations Office, March 24, 2025)

    In order to keep the liquidity adequate in the banking system, the People’s Bank of China conducted reverse repo operations in the amount of RMB135 billion through quantity bidding at a fixed interest rate on March 24, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Volume

    Rate

    7 days

    RMB135 billion

    1.50%

    Date of last update Nov. 29 2018

    2025年03月24日

    MIL OSI China News

  • MIL-OSI Economics: Result of the Daily Variable Rate Repo (VRR) auction held on March 24, 2025

    Source: Reserve Bank of India

    Tenor 1-day
    Notified Amount (in ₹ crore) 1,50,000
    Total amount of bids received (in ₹ crore) 66,215
    Amount allotted (in ₹ crore) 66,215
    Cut off Rate (%) 6.26
    Weighted Average Rate (%) 6.26
    Partial Allotment Percentage of bids received at cut off rate (%) NA

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2443

    MIL OSI Economics

  • MIL-OSI Economics: Money Market Operations as on March 21, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 5,71,400.25 6.33 5.15-6.65
         I. Call Money 16,518.82 6.33 5.15-6.50
         II. Triparty Repo 3,90,123.95 6.30 6.00-6.65
         III. Market Repo 1,62,325.58 6.39 5.50-6.50
         IV. Repo in Corporate Bond 2,431.90 6.63 6.60-6.65
    B. Term Segment      
         I. Notice Money** 548.90 6.43 5.90-6.45
         II. Term Money@@ 565.00 7.25-7.60
         III. Triparty Repo 190.00 6.23 6.00-6.50
         IV. Market Repo 0.00
         V. Repo in Corporate Bond 0.00
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Fri, 21/03/2025 3 Mon, 24/03/2025 96,581.00 6.26
      Fri, 21/03/2025 5 Wed, 26/03/2025 46,204.00 6.26
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Fri, 21/03/2025 1 Sat, 22/03/2025 9,778.00 6.50
      Fri, 21/03/2025 2 Sun, 23/03/2025 0.00 6.50
      Fri, 21/03/2025 3 Mon, 24/03/2025 183.00 6.50
    4. SDFΔ# Fri, 21/03/2025 1 Sat, 22/03/2025 1,32,199.00 6.00
      Fri, 21/03/2025 2 Sun, 23/03/2025 1.00 6.00
      Fri, 21/03/2025 3 Mon, 24/03/2025 6,756.00 6.00
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       13,790.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Fri, 21/02/2025 45 Mon, 07/04/2025 57,951.00 6.26
      Fri, 14/02/2025 49 Fri, 04/04/2025 75,003.00 6.28
      Fri, 07/02/2025 56 Fri, 04/04/2025 50,010.00 6.31
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       9,517.37  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     1,92,481.37  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     2,06,271.37  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on March 21, 2025 8,89,240.46  
         (ii) Average daily cash reserve requirement for the fortnight ending March 21, 2025 9,19,133.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ March 21, 2025 1,42,785.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on March 07, 2025 54,323.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    ^ As per the Press Release No. 2024-2025/2082 dated February 05, 2025, Press Release No. 2024-2025/2138 dated February 12, 2025, and Press Release No. 2024-2025/2209 dated February 20, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/2442

    MIL OSI Economics

  • MIL-OSI Submissions: Scams – Less than 10% of Aussies would discuss their scam experience with family

    Source: Commonwealth Bank of Australia (CBA)

    The research also reveals people’s confidence in spotting a scam decreases with age.

    New research commissioned by CommBank shows more than 90 per cent of Aussies believe that talking about scams with their loved ones will help to build awareness, however only 8 per cent say they would be comfortable discussing with family about being scammed.

    The research also found that around 60 per cent of Australians are more concerned about scams than they were a year ago.

    When it comes to recognising and avoiding scams, 33 per cent of people under 60 say they are very confident in spotting a scam, this drops to just over 20 per cent for those over 60.

    Recent data from the National Anti-Scams Centre (NASC) also shows that older Australians are overrepresented when it comes to scam losses. The government organisation’s latest Targeting Scams Report shows that people over the age of 65 accounted for around 31 per cent of losses reported to Scamwatch, despite only making up just over 17 per cent of the population.1

    As part of the Bank’s commitment to providing Australians with greater education about scams, CBA is collaborating with Australian journalist Jess Rowe and her mother Penelope to launch a new campaign – Talk to a Loved One.

    The education campaign aims to encourage conversations about the dangers of scams between generations. By addressing intergenerational knowledge gaps, it seeks to equip all Australians, particularly older generations, with the information and tools necessary to protect themselves and their families.

    CBA Head of Group Fraud James Roberts said: “At CBA we have seen customer scam losses decrease by 70 per cent over two years, and we know education is one of the most important parts of fraud and scams prevention. The research shows older Australians feel particularly exposed to scams, so we hope this education campaign helps change that, and all Australians learn how to spot a scam and stay safe.

    “Our campaign ambassadors, Jess Rowe and her mum Pen, embody the importance of open family conversations and reflect exactly what we are encouraging all Australians to do—talk to their loved ones about scams, share knowledge, and protect each other,” Mr Roberts said.

    CBA is collaborating with journalist Jess Rowe and her mother Penelope to launch Talk to a Loved One.

    To support Australians in having these crucial discussions, CommBank has launched a new scam safety tips webpage filled with comprehensive resources and educational material, including a conversation guide.

    When speaking about taking part in the campaign, Australian journalist Jess Rowe said: “It’s so important to talk openly about fraud and scams with our loved ones. By sharing our experiences and supporting each other, we can create a safer environment for everyone. I’m thrilled to be part of a campaign that encourages these crucial conversations and empowers Aussies to protect themselves and their families.”

    “In the first half of this financial year CBA invested more than $450 million to prevent fraud, scams, financial and cyber crime and while this is important, so too is raising awareness in the community on how we can protect ourselves,” Mr Roberts said.

    CBA is urging all Australians to take part in the Talk to a Loved One initiative by:

    Having regular conversations about scams with family and friends.
    Staying informed about the latest scam tactics.  
    Remembering to implement and educate others on these three simple steps to help prevent scams:  

    Stop: Does a call, email or text seem off? The best thing to do is stop and take a breath. Real organisations won’t put you under pressure to act instantly.
    Check: Ask someone you trust or contact the organisation the message claims to be from.
    Reject: If you’re unsure, hang up on the caller, delete the email, block the phone number. Change your password if you think someone else may have it, and make sure you pick something long and unique.

    Seeking help immediately if you suspect a scam.

    For more information about the campaign and how to stay safe from scams, visit commbank.com.au/scam-tips

    Note: The research, commissioned by CBA and conducted by YouGov, was carried out online between 6th – 12th January 2025 with a nationally representative sample of 1,500 Australians aged 18 years and older.

    MIL OSI – Submitted News

  • MIL-OSI Economics: Harnessing the Benefits of Regional Cooperation and Integration

    Source: Asia Development Bank

    Transcript

    The rapid growth of the Asia and Pacific region into a global economic powerhouse can be fully understood through the crucial role of deepening regional cooperation and integration.
     
    In recent decades, the region has made remarkable strides in integration through the accelerated growth in trade, investment, movement of people, and―importantly―knowledge.
     
    Asia’s trade integration is drawing closer to that of the European Union, with intraregional trade shares increasing by 10 percentage points from 1990 to 2023. 
     
    Foreign direct investment within Asia has grown, with 52% of FDI from 2013 to 2023 coming from within the region, boosted by investments in services, digital industries, and green sectors. 
     
    Financial integration has lagged behind trade and investment. 
     
    Yet it remains a critical conduit for translating the region’s existing and future savings into regional investments.
     
    Expanding markets and income has made Asia a crucial source of remittances and tourism, beyond pre-pandemic levels. 
     
    For several economies in the region, they have become financial lifelines.
     
    While the region is backed by strong regional cooperation and partnership, growing risks of geopolitical tensions and global fragmentation calls for renewed attention to the benefits of regional cooperation and integration in better cushioning external shocks.
     
    The region needs to broaden, deepen, and modernize its free trade agreements and investment treaties.
     
    Also, existing regional financial arrangements must upgrade their effectiveness to safeguard the region’s financial stability.
     
    Digitalization must ensure it helps facilitate the secure movement of people, money, and ideas; and lower transfer costs.
    Tourism can thrive only if improved connectivity―along with liberal air transport and visa policies―can expand regional travel opportunities.
     
    With these efforts, regional cooperation and integration will increasingly contribute to economic prosperity, help tackle the climate crisis, narrow the digital divide, and navigate geopolitical challenges in the coming decades
     
    To learn more, please read the Asian Economic Integration Report 2025. 

    MIL OSI Economics

  • MIL-OSI Economics: The Gift of Water: How the Lesotho Rural Water Supply and Sanitation Project is Transforming Lives

    Source: African Development Bank Group

    “Water is life; when there is no water, it is as if there are no people living.”

    These profound words from ‘Masechefo Sechefo, a Community Councilor at Ha Sekete village, capture the essence of existence in rural Lesotho before the African Development Bank’s transformative intervention.

    In a country where water ironically constitutes 30% of the nation’s GDP, many rural Basotho paradoxically lived without access to clean water. This stark contradiction defined daily life until the Lesotho Rural Water Supply and Sanitation Project began changing the narrative in the communities.

    The Lesotho Rural Water Supply and Sanitation Project is connected to the Metolong Dam Water Supply Programme, a collaborative initiative between the government and partners.

    The Long Walk For Water

    Before the project, women and girls in villages across Maseru and Berea districts would wake before dawn to begin their daily ‘pilgrimage’ to distant springs and unprotected wells. The journey often stretched more than a kilometer each way, with women carrying heavy containers while navigating challenging mountain terrain.

    “Where we used to fetch water, it was so far that there could have been challenges, perhaps the risk of being attacked or harmed by criminals,” recalls ‘Masechefo.

    At Sekete Primary School, the situation was equally dire. Headteacher Sello Matlali remembers: “We had to send children to fetch water from the unprotected wells around our communities. It was about one and a half kilometers walk from the school.”

    This daily expedition meant losing children’s classroom time and productive hours for women. Worse still, the unprotected water sources harbored pathogens causing diarrheal diseases that disproportionately affected the community’s most vulnerable members.

    A Project That Flows Like Life Itself

    When the African Development Bank’s initiative reached these communities, it didn’t merely install infrastructure – it unleashed potential.

    The project, set to conclude in March 2025 after more than a decade of implementation, has delivered remarkable results: 190 kilometers of pipeline to distribution networks, water storage reservoirs with a total capacity of 3.48 million liters, and 166 public water points serving approximately 28,266 people across eight zones in Maseru and Berea districts.

    The numbers tell only part of the story. Moses Tembo, the project’s task manager at the African Development Bank, highlights the impact: “From the data collected through the project, you could see that many people’s lives have been changed. Most people were drawing water from springs and unprotected wells, and the incidence of diarrheal diseases was quite high.”

    Beyond water supply, the project expanded sanitation infrastructure, – constructing 266 sanitation facilities for vulnerable households and 284 toilets at schools and healthcare facilities.

    A massive water reservoir constructed as part of the Lesotho Rural Water Supply and Sanitation Project

    “It Was Like Our Birthday”

    At Sekete Primary School, the transformation has been profound. “When water was supplied, it was like our birthday,” Sello Maltali exclaims, his eyes bright with emotion. “The African Development Bank came to our rescue when we were in serious problem.”

    The school now boasts eight water taps and proper sanitation facilities – eight toilets for boys, seven for girls, and a dedicated facility for children with disabilities. This thoughtful design has created an inclusive learning environment where all 500 students can focus on education rather than basic survival needs.

    “We live the life we never lived before,” Matlali reflects. “We forget the past. We talk of it as history.”

    The impact extends beyond convenience. The school has witnessed increased enrollment and reduced disease transmission. Students can now pursue agricultural education, which teaches them self-reliance and food production skills.

    Women Liberated, Communities Transformed

    For women like ‘Masechefo, the project has delivered more than water – it has brought dignity and safety. “This project has brought a big change in our lives and our families. There is cleanliness in our homes and on our bodies.”

    The transformation has touched every aspect of community life. Residents found employment during construction— collecting stones, laying bricks, mixing cement, and completing roofing work. This approach ensured that the community benefited from the completed infrastructure and the process itself.

    Mamosili Kikine, the project’s technical adviser, explains: “The beneficiaries are using water for different purposes, like cooking and washing. The schools and clinics in these zones are also benefiting.”

    Climate Resilience: Protecting the Future

    As the base project nears completion, an additional component introduced in 2019 focuses on climate resilience. This component educates communities about preserving watersheds and forests to ensure sustainable water resources.

    “Lesotho is very much dependent on water for its economy and the wellbeing of people,” task manager Tembo explains. “The water reserves 10 years ago, 20 years ago, are not the same at the moment.”

    By protecting water sources through this education, the project aims to secure these life-giving resources for future generations.

    Water: A Celebration of Life

    As the African Development Bank joined in celebrating World Water Day on March 22, the communities served by this project understand its significance profoundly. They have experienced life with and without clean water –and know which they prefer.

    “Without water, there is no life,” declares headteacher Sello Matlali. “Water shortage is death. We cannot have food. We cannot bathe. We cannot wash our hands. We are vulnerable to disease.”

    The project’s legacy extends beyond pipes and reservoirs. It has fundamentally altered the relationship between communities and water – creating not just consumers but stewards of this precious resource.

    For the people of Lesotho’s rural communities, water is no longer just a substance—it’s the embodiment of possibility, dignity, and future prosperity. In a country blessed with abundant water resources that benefit neighboring nations, the African Development Bank has ensured that Lesotho’s citizens can finally share in this natural wealth.

    And for that, as Sello Matlali puts it, “It is very joyous.”

    A Nurse’s Story

    Mots’elisi Makhele, the only community health nurse serving approximately 2,000 people in her rural community, has witnessed a remarkable transformation thanks to the African Development Bank’s water supply and sanitation project.

    “We used to have a small community tap where 2,000 people would queue, and because of the drought, we wouldn’t have enough water some days,” Makhele recalls, adding that this single tap served everyone—elderly women, small children, and her clinic.

    Community nurse Mots’elisi Makhele stands by the tap that previously served around 2,000 people and indicates the houses now connected to modern facilities constructed through the Lesotho Rural Water Supply and Sanitation Project.

    The health consequences were severe. “I couldn’t do normal birth deliveries because there was no water,” said Makhele. “There was an increased rate of waterborne infections, and I had many babies with malnutrition because the water was not clean.”

    The African Development Bank project transformed the community by providing individual household taps and proper sanitation facilities. The clinic received two proper toilets and a washing station where patients can wash their hands.

    The impact has been profound. “After initiating this project, the incidence rate of diarrheal diseases and malnutrition has decreased,” Makhele said excitedly.

    A stream that Kesete Village residents relied on for water before modern facilities were constructed through the AfDB-Funded Lesotho Rural Water Supply and Sanitation Project.

    Deteriorated sanitation facilities at Hamaja Primary School prior to the intervention.

    New sanitation facilities at Hamaja Primary School built under the Lesotho Rural Water Supply and Sanitation Project. The project delivered more than 266 sanitation facilities for vulnerable households and installed 284 toilets in schools and healthcare facilities.

    MIL OSI Economics

  • MIL-OSI Economics: Asian Economic Integration Report 2025: Harnessing the Benefits of Regional Cooperation and Integration

    Source: Asia Development Bank

    The report examines how integration has significantly impacted trade, global value chains, foreign direct investment, finance, migration, remittances, and tourism, and highlights that a renewed focus on regional cooperation could cushion external shocks. Modernizing trade and investment agreements, enhancing regional financial arrangements, and advancing digitalization could help drive economic prosperity, bridge the digital divide, and navigate challenges in the coming decades.

    MIL OSI Economics

  • MIL-Evening Report: Pro-Palestinian protesters challenge NZ’s Winston Peters at state of the nation speech

    Report by Dr David Robie – Café Pacific.

    Like a relentless ocean, wave after wave of pro-Palestinian pro-human rights protesters disrupted New Zealand deputy Prime Minister Winston Peters’ state of the nation speech at the Christchurch Town Hall yesterday.

    A clarion call to Trumpism and Australia’s One Nation Party, the speech was accompanied by the background music of about 250 protesters outside the Town Hall, chanting: “Complicity in genocide is a crime.”

    Palestine Solidarity Network Aotearoa (PSNA) co-chair John Minto described Peters’ attitude to Palestinians as “sickening”.

    Inside the James Hay Theatre, protester after protester stood and spoke loudly and clearly against the deputy Prime Minister’s failure to support those still dying in Gaza, and his failure to denounce the ongoing genocide.

    Ben Vorderegger was the first of nine protesters who appealed on behalf of people who have lost their voices in the dust of blood and bones, bombs and sniper guns.

    Before he and others were hauled out, they spoke for the tens of thousands of Palestinians who have been killed by Israeli forces in Gaza — women, men, doctors, aid workers, journalists, and children.

    Gazan health authorities have reported that the official death toll is now more than 50,000 — but that is the confirmed deaths with thousands more buried under the rubble.


    The Christchurch Town Hall protest.            Video:PSNA

    Real death toll
    The real death toll from the genocide in Gaza has been estimated by a reputed medical journal, The Lancet, at more than 63,000. A third of those are children. Each day more children are killed.

    One by one the protesters who challenged Peters were manhandled by security guards to a frenzied crowd screaming “out, out”.

    The deputy Prime Minister’s response was to deride and mock the conscientious objectors. He did not stop there. He lambasted the media.

    At this point, several members of his audience turned on me as a journalist and demanded my removal.

    Pro=Palestine protesters at the Christchurch Town Hall yesterday to picket Foreign Minister Winston Peters at his state of the nation speech.Image: Saige England/APR

    This means that not only is the right to free speech at stake, the right or freedom to report is also being eroded. (I was later trespassed by security guards and police from the Town Hall although no reason was supplied for the ban).

    Inside the Christchurch Town Hall the call by Peters, who is also Foreign Minister, to “Make New Zealand Great Again” continued in the vein of a speech written by a MAGA leader.

    He whitewashed human rights, failed to address climate change, and demonstrated loathing for a media that has rarely challenged him.

    Ben Vorderegger in keffiyeh was the first of nine protesters who appealed on behalf of Palestinans before
    being thrown out of the Christchurch Town Hall meeting. Image: Saige England/APR

    Condemned movement
    Slamming the PSNA as “Marxist fascists” for calling out genocide, he condemned the movement for failing to talk with those who have a record of kowtowing to violent colonisation.

    This tactic is Colonial Invasion 101. It sees the invader rewarding and only dealing with those who sell out. This strategy demands that the colonised people should bow to the oppressor — an oppressor who threatens them with losing everything if they do not accept the scraps.

    Peters showed no support for the Treaty of Waitangi but rather, endorsed the government’s challenge to the founding document of the nation – Te Tiriti o Waitangi. In his dismissal of the founding and legally binding partnership, he repeated the “One Nation” catch-cry. Ad nauseum.

    Besides slamming Palestinians, the Scots (he managed to squeeze in a racist joke against Scottish people), and the woke, Peters’ speech promoted continued mining, showing some amnesia over the Pike River disaster. He did not reference the environment or climate change.

    After the speech, outside the Town Hall police donned black gloves — a sign they were prepared to use pepper-spray.

    PSNA co-chair John Minto described Peters’ failure to stand against the ongoing genocide of Palestinians as “bloody disgraceful”.

    The police arrested one protester, claiming he put his hand on a car transporting NZ First officials. A witness said this was not the case.

    PSNA co-chair John Minto (in hat behind fellow protester) . . . the failure of Foreign Minister Winston Peters to stand against the ongoing genocide of Palestinians is “bloody disgraceful”. Image; Saige England/APR

    Protester released
    The protester was later released without any charges being laid.

    A defiant New Zealand First MP Shane Jones marched out of the Town Hall after the event. He raised his arms defensively at protesters crying, “what if it was your grandchildren being slaughtered?”

    I was trespassed from the Christchurch Town Hall for re-entering the Town Hall for Winston Peters’ media conference. No reason was supplied by police or the Town Hall security personnel for that trespass order..

    “The words Winston is terrified to say . . . ” poster at the Christchurch pro-Palestinian protest. Image: Saige England/APR

    It is well known that Peters loathes the media — he said so enough times during his state of the nation speech.

    He referenced former US President Bill Clinton during his speech, an interesting reference given that Clinton did not receive the protection from the media that Peters has received.

    From the over zealous security personnel who manhandled and dragged out hecklers, to the banning of a journalist, to the arrest of someone for “touching a car” when witnesses report otherwise, the state of the nation speech held some uncomfortable echoes — the actions of a fascist dictatorship.

    Populist threats
    The atmosphere was reminiscent of a Jorg Haider press conference I attended many years ago in Vienna. That “rechtspopulist” Austrian politician had threatened journalists with defamation suits if they called him out on his support for Nazis.

    Yet he was on record for doing so.

    I was reminded of this yesterday when the audience called ‘out out’ at hecklers, and demanded the removal of this journalist. These New Zealand First supporters demand adoration for their leader or a media black-out.

    Perhaps they cannot be blamed given that the state of the nation speech could well have been written by US President Donald Trump or one of his minions.

    The protesters were courageous and conscientious in contrast to Peters, said PSNA’s John Minto.

    He likened Peters to Neville Chamberlain — Britain’s Prime Minister from 1937 to 1940. His name is synonymous with the policy of “appeasement” because he conceded territorial concessions to Nazi Germany in the late 1930s, fruitlessly hoping to avoid war.

    “He has refused to condemn any of Israel’s war crimes against Palestinians, including the total humanitarian aid blockade of Gaza.”

    Refusal ‘unprecedented’
    “It’s unprecedented in New Zealand history that a government would refuse to condemn Israel breaking its ceasefire agreement and resuming industrial-scale slaughter of civilians,” Minto said.

    “That is what Israel is doing today in Gaza, with full backing from the White House.

    “Chamberlain went to meet Hitler in Munich in 1938 to whitewash Nazi Germany’s takeovers of its neighbours’ lands.

    “Peters has been in Washington to agree to US approval of the occupation of southern Syria, more attacks on Lebanon, resumption of the land grab genocide in Gaza and get a heads-up on US plans to ‘give’ the Occupied West Bank to Israel later this year.

    “If Peters disagrees with any of this, he’s had plenty of chances to say so.

    “New Zealanders are calling for sanctions on Israel but Mr Peters and the National-led government are looking the other way.”

    New Zealand First MP Shane Jones marched out of the Town Hall after the event, dismissing protesters crying, “what if it was your grandchildren being slaughtered?” Image: Saige England/APR

    Only staged questions
    The conscientious objectors who rise against the oppression of human rights are people Winston Peters regards as his enemies. He will only answer questions in a press conference staged for him.

    He warms to journalists who warm to him.

    The state of the nation speech in the Town Hall was familiar.

    Seeking to erase conscientiousness will not make New Zealand great, it will render this country very small, almost miniscule, like the people who are being destroyed for daring to demand their right to their own land.

    Saige England is a journalist and author, and a member of the Palestine Solidarity Network Aotearoa (PSNA). She is a frequent contributor to Asia Pacific Report and Café Pacific.

    Part of the crowd at the state of the nation speech by Deputy Prime Minister Winston Peters at the Christchurch Town Hall yesterday. Image: Saige England/APR

    This article was first published on Café Pacific.

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Pro-Palestinian protesters challenge Peters at state of the nation speech

    SPECIAL REPORT: By Saige England in Christchurch

    Like a relentless ocean, wave after wave of pro-Palestinian pro-human rights protesters disrupted New Zealand deputy Prime Minister Winston Peters’ state of the nation speech at the Christchurch Town Hall yesterday.

    A clarion call to Trumpism and Australia’s One Nation Party, the speech was accompanied by the background music of about 250 protesters outside the Town Hall, chanting: “Complicity in genocide is a crime.”

    Palestine Solidarity Network Aotearoa (PSNA) co-chair John Minto described Peters’ attitude to Palestinians as “sickening”.

    Inside the James Hay Theatre, protester after protester stood and spoke loudly and clearly against the deputy Prime Minister’s failure to support those still dying in Gaza, and his failure to denounce the ongoing genocide.

    Ben Vorderegger was the first of nine protesters who appealed on behalf of people who have lost their voices in the dust of blood and bones, bombs and sniper guns.

    Before he and others were hauled out, they spoke for the tens of thousands of Palestinians who have been killed by Israeli forces in Gaza — women, men, doctors, aid workers, journalists, and children.

    Gazan health authorities have reported that the official death toll is now more than 50,000 — but that is the confirmed deaths with thousands more buried under the rubble.

    Real death toll
    The real death toll from the genocide in Gaza has been estimated by a reputed medical journal, The Lancet, at more than 63,000. A third of those are children. Each day more children are killed.

    One by one the protesters who challenged Peters were manhandled by security guards to a frenzied crowd screaming “out, out”.

    The deputy Prime Minister’s response was to deride and mock the conscientious objectors. He did not stop there. He lambasted the media.

    At this point, several members of his audience turned on me as a journalist and demanded my removal.

    Pro-Palestine protesters at the Christchurch Town Hall yesterday to picket Foreign Minister Winston Peters at his state of the nation speech. Image: Saige England/APR

    This means that not only is the right to free speech at stake, the right or freedom to report is also being eroded. (I was later trespassed by security guards and police from the Town Hall although no reason was supplied for the ban).

    Inside the Christchurch Town Hall the call by Peters, who is also Foreign Minister, to “Make New Zealand Great Again” continued in the vein of a speech written by a MAGA leader.

    He whitewashed human rights, failed to address climate change, and demonstrated loathing for a media that has rarely challenged him.

    Ben Vorderegger in keffiyeh was the first of nine protesters who appealed on behalf of Palestinans before
    being thrown out of the Christchurch Town Hall meeting. Image: Saige England/APR

    Condemned movement
    Slamming the PSNA as “Marxist fascists” for calling out genocide, he condemned the movement for failing to talk with those who have a record of kowtowing to violent colonisation.

    This tactic is Colonial Invasion 101. It sees the invader rewarding and only dealing with those who sell out. This strategy demands that the colonised people should bow to the oppressor — an oppressor who threatens them with losing everything if they do not accept the scraps.

    Peters showed no support for the Treaty of Waitangi but rather, endorsed the government’s challenge to the founding document of the nation – Te Tiriti o Waitangi. In his dismissal of the founding and legally binding partnership, he repeated the “One Nation” catch-cry. Ad nauseum.

    Besides slamming Palestinians, the Scots (he managed to squeeze in a racist joke against Scottish people), and the woke, Peters’ speech promoted continued mining, showing some amnesia over the Pike River disaster. He did not reference the environment or climate change.

    After the speech, outside the Town Hall police donned black gloves — a sign they were prepared to use pepper-spray.

    PSNA co-chair John Minto described Peters’ failure to stand against the ongoing genocide of Palestinians as “bloody disgraceful”.

    The police arrested one protester, claiming he put his hand on a car transporting NZ First officials. A witness said this was not the case.

    PSNA co-chair John Minto (in hat behind fellow protester) . . . the failure of Foreign Minister Winston Peters to stand against the ongoing genocide of Palestinians is “bloody disgraceful”. Image; Saige England/APR

    Protester released
    The protester was later released without any charges being laid.

    A defiant New Zealand First MP Shane Jones marched out of the Town Hall after the event. He raised his arms defensively at protesters crying, “what if it was your grandchildren being slaughtered?”

    I was trespassed from the Christchurch Town Hall for re-entering the Town Hall for Winston Peters’ media conference. No reason was supplied by police or the Town Hall security personnel for that trespass order..

    “The words Winston is terrified to say . . . ” poster at the Christchurch pro-Palestinian protest. Image: Saige England/APR

    It is well known that Peters loathes the media — he said so enough times during his state of the nation speech.

    He referenced former US President Bill Clinton during his speech, an interesting reference given that Clinton did not receive the protection from the media that Peters has received.

    From the over zealous security personnel who manhandled and dragged out hecklers, to the banning of a journalist, to the arrest of someone for “touching a car” when witnesses report otherwise, the state of the nation speech held some uncomfortable echoes — the actions of a fascist dictatorship.

    Populist threats
    The atmosphere was reminiscent of a Jorg Haider press conference I attended many years ago in Vienna. That “rechtspopulist” Austrian politician had threatened journalists with defamation suits if they called him out on his support for Nazis.

    Yet he was on record for doing so.

    I was reminded of this yesterday when the audience called ‘out out’ at hecklers, and demanded the removal of this journalist. These New Zealand First supporters demand adoration for their leader or a media black-out.

    Perhaps they cannot be blamed given that the state of the nation speech could well have been written by US President Donald Trump or one of his minions.

    The protesters were courageous and conscientious in contrast to Peters, said PSNA’s John Minto.

    He likened Peters to Neville Chamberlain — Britain’s Prime Minister from 1937 to 1940. His name is synonymous with the policy of “appeasement” because he conceded territorial concessions to Nazi Germany in the late 1930s, fruitlessly hoping to avoid war.

    “He has refused to condemn any of Israel’s war crimes against Palestinians, including the total humanitarian aid blockade of Gaza.”

    Refusal ‘unprecedented’
    “It’s unprecedented in New Zealand history that a government would refuse to condemn Israel breaking its ceasefire agreement and resuming industrial-scale slaughter of civilians,” Minto said.

    “That is what Israel is doing today in Gaza, with full backing from the White House.

    “Chamberlain went to meet Hitler in Munich in 1938 to whitewash Nazi Germany’s takeovers of its neighbours’ lands.

    “Peters has been in Washington to agree to US approval of the occupation of southern Syria, more attacks on Lebanon, resumption of the land grab genocide in Gaza and get a heads-up on US plans to ‘give’ the Occupied West Bank to Israel later this year.

    “If Peters disagrees with any of this, he’s had plenty of chances to say so.

    “New Zealanders are calling for sanctions on Israel but Mr Peters and the National-led government are looking the other way.”

    New Zealand First MP Shane Jones marched out of the Town Hall after the event, dismissing protesters crying, “what if it was your grandchildren being slaughtered?” Image: Saige England/APR

    Only staged questions
    The conscientious objectors who rise against the oppression of human rights are people Winston Peters regards as his enemies. He will only answer questions in a press conference staged for him.

    He warms to journalists who warm to him.

    The state of the nation speech in the Town Hall was familiar.

    Seeking to erase conscientiousness will not make New Zealand great, it will render this country very small, almost miniscule, like the people who are being destroyed for daring to demand their right to their own land.

    Saige England is a journalist and author, and a member of the Palestine Solidarity Network Aotearoa (PSNA). She is a frequent contributor to Asia Pacific Report.

    Part of the crowd at the state of the nation speech by Deputy Prime Minister Winston Peters at the Christchurch Town Hall yesterday. Image: Saige England/APR

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Asia-Pac: Six day “International Workshop on Land Governance” to commence in Gurugram, Haryana to tackle Global Land Challenges

    Source: Government of India

    Six day “International Workshop on Land Governance” to commence in Gurugram, Haryana to tackle Global Land Challenges

    India’s SVAMITVA Scheme to Take Center Stage at the International Workshop, to be held during 24th – 29th March 2025

    Delegates from 22 Countries to participate; Workshop to showcase High-Resolution Mapping and CORS Technology for Land Administration

    Posted On: 22 MAR 2025 3:36PM by PIB Delhi

    The Ministry of Panchayati Raj in collaboration with the Ministry of External Affairs under their Indian Technical and Economic Cooperation (ITEC) program and the Haryana Institute of Public Administration (HIPA), is organizing an “International Workshop on Land Governance” from 24th March to 29th March, 2025 at HIPA Complex in Gurugram, Haryana. The workshop will bring together delegates from 22 countries across Africa, Latin America and South-East Asia to explore innovative approaches for addressing land governance challenges globally. This six-day international workshop will showcase India’s pioneering SVAMITVA Scheme, which has successfully mapped rural inhabited areas using drone technology to provide legal ownership documents to property owners. More than 40 senior officials from 22 participating countries, including Turkmenistan, Colombia, Zimbabwe, Fiji, Mali, Lesotho, Sierra Leone, Venezuela, Mongolia, Tanzania, Uzbekistan, Equatorial Guinea, Kiribati, São Tomé and Príncipe, Liberia, Ghana, Armenia, Honduras, Eswatini, Cambodia, Togo, and Papua New Guinea will exchange best practices on land governance during the workshop.

    The International Workshop will entail discussions on advancements in land governance and sustainable development and feature comprehensive sessions on drone-based land survey techniques, high-resolution mapping, and geospatial technologies that can transform land administration. Technical sessions will include hands-on demonstration of drone survey methods, data processing techniques, ground verification processes and GIS integration. Survey of India experts will conduct field demonstrations of flight planning and drone surveying in a nearby village, offering participants practical exposure to this technology. The International Workshop on Land Governance will also feature field visits and exhibitions to provide participants, hands-on exposure to modern land governance technologies. To showcase cutting-edge technologies, a Drone Vendors’ Exhibition will be organized on March 24 – 25, 2025, wherein 10 drone vendors will set up stalls, displaying innovations in drone-based land mapping and survey techniques. The exhibition will showcase survey-grade drones for high-precision mapping, advanced drone survey processes and technology, and GIS tools and applications for data-driven land management. State Governments will present digital innovations in end-to-end process automation, while demonstrations of Continuously Operating Reference Station (CORS) [CORS network has been established by Survey of India as public infrastructure, which provides 5cm accuracy positioning services for developmental works. This technology can be leveraged for sustainable development and disaster management] and Rovers will highlight real-time, high-accuracy land surveying techniques.

    Industry partners including Survey of India, State Land Revenue Departments, National Informatics Centre, Geo-Spatial World, Hexagon, Trimble, Aereo, Marvell Geospatial, Idea Forge Tech, and AWS will participate as knowledge partners, exhibiting cutting-edge technologies and solutions for land governance. In addition, a series of classroom demonstrations will take place, including drone use cases, ortho-rectified imaging, feature-extracted maps, and ground verification technologies. These demonstrations will provide participants with insights into high-resolution mapping, data validation, and property card finalization, contributing to a deeper understanding of modern land governance practices.

    This workshop recognizes the universal challenge of land governance, noting that according to a 2017 World Bank report, only 30% of the global population holds legally registered land titles. By contrast, India’s SVAMITVA Scheme has pioneered a comprehensive approach to mapping inhabited rural areas with 5cm accuracy at a resolution of 1:500, positioning India as a potential model for other nations. It will help in achieving Sustainable Development Goals related to land rights, with participants learning from India’s SVAMITVA model to empower their own citizens with clear land ownership documentation thus creating more reliable land administration systems.

    For Agenda of the International Workshop: Click Here

    ****

    Aditi Agrawal

    (Release ID: 2113999) Visitor Counter : 75

    MIL OSI Asia Pacific News

  • MIL-OSI Africa: Creecy unveils private sector role in revitalising rail and port infrastructure

    Source: South Africa News Agency

    Transport Minister Barbara Creecy has officially unveiled a groundbreaking Request for Information (RFI), aimed at transforming the country’s struggling rail and port infrastructure through strategic partnerships with the private sector.

    “Today, I am launching an online request for information to develop an enabling environment for Private Sector Participation (PSP) and enhance investment in rail and port infrastructure and operations,” Creecy said during a media briefing on Sunday. 

    The Minister described this decision as a significant step in government’s efforts to partner with the private sector, ensuring that the country’s rail network and ports reclaim their crucial role in enhancing trade and driving economic growth.

    Creecy highlighted the urgent need for intervention, citing significant challenges, including infrastructure deterioration, vandalism, theft, underinvestment, and operational inefficiencies that have hindered economic growth. 

    “The limited availability of State resources to fund infrastructure development and address backlogs has intensified these challenges, severely restricting the ability of State-Owned Entities (SOEs) to fulfill their critical mandates.,” she explained. 

    The Minister told journalists that Transnet and government have received many “unsolicited“ proposals from the private sector offering investment skills and expertise to support the rehabilitation and reform of our struggling rail and port systems.

    “This overwhelming interest has made it clear to the department and Transnet that we must engage in broad and inclusive market research before issuing requests for proposals in August this year.” 

    However, according to the Minister, these processes are not formal procurement methods, but rather a mechanism to gather and analyse information from the market.

    She stated that the government recognises the importance of understanding the freight logistics landscape from the perspective of interested and affected parties. 

    The Minister believes that this will ensure that solutions are both effective and sustainable during this initial phase of PSP.

    The RFI targets key mineral export routes, include the corridor from Northern Cape to Saldanha for iron ore and manganese exports, as well as the routes from Limpopo and Mpumalanga to Richards Bay for coal and chrome exports. 

    In addition, there is an intermodal supply chain project that focuses on the container and automotive sectors.

    This project encompasses the port, container, and automotive port terminals, as well as back-of-port arrangements and railway and inland terminals. 

    It will also address the corridors connecting Gauteng and KwaZulu-Natal (Durban), Gauteng and Eastern Cape (East London, Port Elizabeth and Ngqura), and Gauteng and Western Cape (Cape Town). 

    “The RFI represents a pivotal step forward in our shared commitment to building a 21st-century transport system that goes beyond mobility to strengthen industrial competitiveness, deepen regional integration, and drive inclusive economic growth.” 

    Creecy believes this move will help the department express challenges in a structured and coherent manner, clearly defining their scope, context, and impact to guide the development of focused, strategic, and sustainable solutions.

    Support for new and emerging players

    Meanwhile, Creecy said the State has committed to principles of job retention, State asset ownership, localisation, and Broad-Based Black Economic Empowerment (BBBEE) and gender equality, by providing strong support to new and emerging players in the rail and port sectors. 

    A dedicated PSP unit, to be hosted by the Development Bank of South Africa, will oversee the initiative.

    The eight-week online consultation process, running from 24 March to 9 May 2025, aims to gather comprehensive market insights before issuing formal proposals in August. 

    Stakeholders are encouraged to participate through the department’s website or dedicated online portal at www.psp-rfi.co.za, with all submitted information to be treated confidentially. 

    “I encourage all Interested and affected parties to actively engage in this RFI process, contributing to the PSP unit’s efforts in shaping the potential PSP programme of projects and designing future bid packages for procurement,” she added. 

    Government plans to release a second RFI focusing on passenger rail initiatives in May this year. – SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI United Kingdom: Taking on Trump & Farage – and fixing church roofs

    Source: Liberal Democrats UK

    We meet at a time of great peril. For our continent, and for our country.

    Because Donald Trump is not only betraying Ukraine. It’s not only their sovereignty he’s selling out. It’s our security. The security of Europe and the security of our United Kingdom.

    And that is unforgivable.

    Putin might be able to fool Donald Trump into thinking that his ambitions do not extend beyond parts of Ukraine, but we know better. Just look at what he’s already doing in Georgia, in Moldova, in Romania – undermining their democracies and seeking to extend his grip further into Europe.

    Our brave Ukrainian allies are on the frontline. Fighting not just for their homes. Not just for their freedom. But for the freedom and security of people across Europe, including ours here in the UK. Their fight is our fight.

    So to our Ukrainian friends, on behalf of all Liberal Democrats, let me say once again – We thank you. We salute you. We stand with you. Today. Tomorrow. Always.

    And of course, that solidarity must go beyond mere words. That’s why I am proud that the United Kingdom has been Ukraine’s staunchest ally right from the start. Why I am so proud of the tens of thousands of British families who welcomed Ukrainians into their homes. Showing the incredible warmth and generosity of the British people. Why I am proud of all the military assistance we have given to the Ukrainian armed forces – the tanks and training, missiles and drones to repel Putin’s war machine. And it’s why I was proud that the Prime Minister brought Europe and Canada together here in Britain to chart a way forward, the day after those appalling scenes of Trump and Vance ambushing President Zelenskyy in the Oval Office.

    And Trump’s so-called “special envoy” might dismiss British leadership as pointless posturing, but we know what it really is… Britain, leading in Europe again, as we have done at the greatest moments in our nation’s history. And friends, it was good to see that again after such a long time, wasn’t it?

    But now we must step up our efforts and do more. Much more. For the defence of Ukraine, for the defence of Europe, and for our own national defence too.

    So we Liberal Democrats have led calls for far more support for Ukraine – funded by the tens of billions of pounds of Russian assets frozen in the UK, and the hundreds of billions of pounds frozen across the G7. We backed proposals for a new European Rearmament Bank, to finance a massive expansion of defence manufacturing here at home and across the continent. We pressed the Government to raise defence spending to 2.5% of GDP – and now we are continuing to push for cross-party talks to get it to 3%.

    Because the threat we face is existential.

    To our east, a murderous dictator hellbent on building a new Russian empire – and committing atrocities on European soil in pursuit of it. And to our west, for the first time in my life, a President of the United States willing not merely to turn a blind eye to Putin’s aggression – but actually to praise it. A President who has repeatedly demonstrated that he is not a reliable ally to Ukraine, to Britain, to Europe, or to anyone else.

    So the fundamental questions we now face are these:

    How do we deal with Putin?

    And how do we deal with Trump?

    Well, let me tell you how not to deal with them. Just like any bully, you don’t deal with them by curling up in a ball and hoping they’ll leave you alone. You don’t turn a blind eye as they attack your friends, praying that maybe they’ll stop there. You have to stand up. Stand tough. Stand together with our friends. Make clear that an attack on one is an attack on all.

    And that – for the vast majority of people in our country – is our instinctive response. Brits can’t stand a bully.

    What Trump and Putin are doing offends our fundamental British values of decency, fair play, respect for national sovereignty and the rule of law. Almost everyone I speak to – in every part of our country – feels that way. But there is one man who thinks differently.

    One lone holdout. Someone who simply doesn’t seem to get it. A man who splits his time between GB News, Mar-a-Lago… and weirdly selling nappies on social media, apparently. A man who can even, legend has it, occasionally be spotted in the House of Commons and – if you wait long enough – in the town of Clacton-on-Sea. Nigel Farage.

    Unlike you and me, Nigel Farage thinks Donald Trump and Vladimir Putin are great. Not in a “look, we have to be pragmatic and work with them” kind of way. More in a teenager with a celebrity crush kind of way.

    Don’t forget, when Farage was asked which world leader he most admired, his answer was Vladimir Putin. Yes, really. Now, to be fair, that was before Donald Trump became President – so I guess Putin might have slipped to number two by now. 

    A tyrant responsible for the brutal suppression of Russia’s own people, and countless atrocities in Ukraine. Who has murdered thousands of innocent civilians. And abducted 20,000 children from their homes. Snatched them away from their families.

    That, apparently, is the sort of man who wins Nigel Farage’s admiration.

    How despicable. How completely out-of-touch with British values. With human values. How unpatriotic. How deeply un-British. And this from a man who thinks he can be our Prime Minister. Not on our watch.

    With war on our continent, an unpredictable President in the White House, and an increasingly volatile world… This is no time for a nationalist.

    We need real British patriotism instead. At home and abroad, our country has big problems to solve. And let’s be absolutely clear: Nigel Farage is not the least bit interested in solving them.

    If Farage had his way, he would turn our great country into little more than a Donald Trump tribute act. He has said it himself: he sees Trump as his inspiration. He wants to do to Britain what Trump is doing to America: All the division. The nasty culture-war nonsense. The economic self-harm of tariffs. Cruelty for the sake of being cruel. Siding with criminals and undermining the rule of law. And of course, limiting your access to healthcare. And making you pay more for it.

    Farage doesn’t like to talk about it much these days, but he has been very clear throughout his long political career that he doesn’t believe in the fundamental NHS principle of universal healthcare free at the point of use. He’s called for an American-style insurance-based model. He says he’s “open to anything” when it comes to the future of the NHS – including privatisation. Just like his idol Donald would want.

    And apart from that, isn’t it striking that Farage has nothing to say about the challenges facing our NHS? Nothing to say about how to make sure people can actually see a doctor or a dentist when they need one. Nothing to say about ambulance delays or crumbling hospitals. Nothing to say about fixing social care, so that our loved ones get the care they need and carers get the support they deserve. And I mean literally – nothing to say. 

    Farage has never uttered the word “care” once in Parliament. Because the truth is: Nigel Farage doesn’t care.

    He hasn’t mentioned the “NHS” once either – or GPs, hospitals, ambulances, dentists. Imagine that. A political party whose leader has nothing at all to say on one of the biggest issues on people’s lips, and the biggest challenges we face. Our country has big problems to solve. And Nigel Farage is not the least bit interested in solving them.

    But friends, that’s not the worst of it, is it? What worries us most about Farage and Reform is the deeply destructive, divisive brand of politics they deploy.

    The weaponisation of difference. The demonisation of diversity. The scapegoating of “the other”. The superficial, simplistic, snake-oil solutions they peddle. We know where it all will lead, if we don’t stop it.

    We know what happens when cynical, opportunistic politicians seize on the struggles and the anxieties of ordinary people – Anxieties about the cost of living. About cultural and technological change. About sovereignty and security. When they exploit those struggles and anxieties for their own selfish ends – When they point the finger of blame at those who differ from you because of their religion or their nationality or the colour of their skin – When they teach that those people threaten your job or your family or your way of life – When they manipulate new forms of media to spread lies, sow fear and stir hatred – When they use those tools to convince you that their cause alone is righteous and all who stand against them are evil… We know where that ends.

    We have seen it before across history – too many times. It is the populist playbook, and its pages are very well-worn. It is ugly. It is powerful. And it is incredibly destructive. Not only to the groups they target – the vulnerable, the minorities – but ultimately to us all. To our whole society. To the very idea of liberal democracy that our United Kingdom embodies.

    And if this sounds alarmist or over-the-top, remember this: It always starts that way.

    With a reasonable, even beguiling face. With an appeal to “common sense” and “plain speaking”. But if allowed to take root, it grows and mutates with such speed and ferocity, till it fills every crack in the foundations of our country… Until those cracks become chasms.

    And what is broken can never be mended. So we know where it leads. We know what is at stake. Not just an election. Not just a set of policies. But the very future of liberal democracy itself.

    That is what’s under threat. And friends – Liberal Democrats – it falls to us to save it.

    Because with the Conservatives desperately chasing Reform’s tail – And Labour sounding more and more like them every day – We Liberal Democrats are the only ones with the courage and the conviction to stand up and offer something different. Offer a positive alternative. Something better… Hope.

    And here’s the good news – Because I know it can feel like the tides of history are against us right now. I know that when you look at Trump in America, Le Pen in France, the AfD in Germany, Reform here in the UK – When the headlines are so often so bleak – It can be tempting to give in to despair.

    Well the good news is this: What we can offer people is even more powerful than all their lies. All their false promises. The easy answers of the populist right. Even more powerful, and even more popular. Real hope.

    Hope based not on empty rhetoric or magical thinking – But on hard work and concrete action that people can see making a difference to their lives and to their communities.

    That’s what good old-fashioned Liberal Democrat community politics has always been all about. Winning people’s trust by getting things done. Showing them what liberal democracy can do for them – not by talking about it, but by rolling up our sleeves and actually doing it. Putting our policies into practice and our ideals into action.

    I don’t know if you heard what Kemi Badenoch said about us recently. Did you hear this?

    She said – and I quote: “A typical Liberal Democrat will be somebody who is good at fixing their church roof. And people in the community like them.”

    Good at fixing the church roof. People in the community like them.

    I think she meant it as an insult! But I’ll happily wear it as a badge of honour.

    Because she’s right. Liberal Democrats fix things.

    And isn’t it telling, that attitude from the Leader of the Conservative Party? 

    Not that she doesn’t like us – I’m not surprised about that. She’s got good reason not to like the Liberal Democrats… After all, we did take 60 seats off them last July! I’ll say that again, Conference… We took 60 seats off the Conservatives! So you can hardly blame them for being a bit upset!

    But what I’m talking about is the sneering attitude of the Leader of the Conservatives. The sneering attitude that says fixing church roofs is somehow beneath her. Even beneath politics altogether. That what happens in our communities is trivial and insignificant compared to debating the true meaning of conservatism on Twitter.

    And it goes far beyond Kemi Badenoch and church roofs. It’s the whole Conservative Party – whether in Westminster or in town halls and county halls across the country. They have abandoned our communities.

    The Conservatives left schools and hospitals to crumble. Left whole areas without enough GPs or dentists. Left water companies to pump filthy sewage into our rivers and seas. And they have left decent, traditional Conservatives without a political home.

    Their out-of-touch, disdainful thinking is why the Conservative Party is in the mess it is today. Treating the day-to-day things that matter in people’s lives not just with indifference, but outright contempt.

    It’s why so many lifelong Conservative voters have turned to the Liberal Democrats. It’s why people rightly kicked them out of government last July – And why we must kick them out of our councils in May too.

    But that Conservative disdain and neglect is also what has opened the door to Reform. And that’s why it’s so important that we Liberal Democrats are rooted in our communities, getting things done.

    Fixing the church roof – and much more besides. Showing people that politics can work for them. That who they vote for can make a difference. That their voice matters. 

    That is how you defeat the populists. How you drain away the cynicism that feeds them. How you win back people’s trust and restore their hope.

    It’s not easy, our way of doing politics.

    Liberal Democrat MPs certainly have to spend a lot more time in our constituencies than Nigel Farage spends in Clacton – although I admit that’s a low bar.

    That’s why no one ever joins the Liberal Democrats as a shortcut to high office. And if that’s why any of you are here today, I’m sorry to have to let you down like this.

    We join because we want to make a difference to our communities and our country. Even though we know it’s hard work. 

    And we join – we all joined – because of a genuine belief in the core Liberal values that have made our country great: Freedom and equality. Community and internationalism. A commitment to human rights, to the environment, and to democracy. And those values are exactly what this moment in history demands.

    At a time when people are facing so many daily challenges on so many different fronts – The cost of living crisis. An economy that is still barely growing. Public services that just aren’t working the way they should. Opportunity that feels further and further out of reach for too many young people.

    These are challenges that can really test our values. When people feel so economically insecure. When times are so tough. Historically these are the times that liberalism has struggled, that progress has stumbled. But these are the times when our liberal values are needed more than ever.

    To build the fair, free and open society we all believe in. So that people can get on in life – with real power to make their own choices and pursue their own dreams.

    Because we understand that if you free people – If you empower them to make their voices heard and hold the powerful properly to account – Then you unleash the best in people and create a better society and a stronger economy as a result.

    So that everyone gets a fair deal. Every child gets the best possible start in life, and everyone sees their hard work and aspiration properly rewarded. Everyone gets the care they need when they need it, and a helping hand if they fall on tough times.

    And friends, how critical are our Liberal, internationalist values right now?

    Not just on Ukraine and defending Europe from Putin – critical though that is. But on so many big, global challenges – from the rise of China to the threat of climate change to the risks of artificial intelligence.

    These are challenges that no nation can afford to ignore. And challenges that no nation can tackle alone. Pulling up the drawbridge simply isn’t an option. Like I said, this is no time for a nationalist.

    What we need is a movement of proud internationalists – People who believe that our country and our people thrive when we are open and outward-looking. Who know that the UK can be an incredible force for good when it stands tall on the world stage. And stands up for what is right. Who recognise that the concerns of one nation inevitably become the concerns of all nations. A movement of proud internationalists. And Liberal Democrats, that is who we are.

    The only party that has consistently opposed the Conservatives’ damaging Brexit deal from the start. The only party arguing for a new deal with the EU, with a Customs Union at its heart – putting us on a path back to the Single Market. The only party still championing international aid, after first the Conservatives and now Labour shamefully cut it.

    And friends, we’re the only party in British politics speaking up in defiance of Donald Trump. The only ones willing to state the obvious truth: that he is no leader of the free world. I mean, this is a man who stands on the White House drive, flogging Teslas for Elon Musk like a particularly bad used car salesman. It’s hardly “Ask not what your country can do for you”, is it?

    And more despicably, this is a man who halted shipments of food, medicine and other essential aid supplies to people around the world who desperately need them. Locking whole shipping containers in port for their contents to rot. So much for Ronald Reagan’s “shining city on a hill”.

    And remember – this is the man Nigel Farage calls his “inspiration”. We’re the only ones willing to say that Trump cannot be relied upon to play by the rules, or stick to agreements. That his presidency is a threat to peace and prosperity in the UK, across Europe, and around the world. And that we must deal with him as he is. Bullying. Narcissistic. Unpredictable. We must deal with Trump from a position of strength, not weakness.

    Like on trade. If there’s one thing we know, it’s that Donald Trump loves tariffs. He says it’s “the most beautiful word in the dictionary”…

    Which, when you think about it, really is a very Donald Trump way of deciding your economic policy, isn’t it?

    Now, as Liberals, we profoundly disagree. After all, it was the Victorian Liberals who overturned centuries of protectionism and ushered in a new era of free trade and prosperity. We can already see the damage Trump’s tariffs are doing to the US economy, with forecasters saying he may plunge it into recession. And we fear the damage his trade war could do to the world economy, impacting jobs and living standards here in the UK too.

    So the question, again, is how do we deal with him?

    And the answer, we say again, is from a position of strength. Regrettably, that’s not Labour’s strategy. They say: “Let’s be nice to him and hope he won’t hurt us”.

    Now Labour’s even talking about scrapping Britain’s tax on social media giants. Changing the UK’s tax policy to appease Donald Trump – and Elon Musk. Well appeasement never works with bullies, and it doesn’t work with Trump – as his tariffs on British steel already show.

    And let me say this to Elon Musk, who I know is my biggest fan… We will make out-of-control social media giants like you pay more – so we can defend our children and young people from the harm you’re causing them.

    But it’s not just Labour bending the knee to this White House. It’s the Conservatives too. They’d have us go to Mar-a-Lago, begging bowl outstretched, pleading for a trade deal on whatever terms Trump will give us. The Conservatives would sell out British farmers to President Trump, just as they sold them out in their damaging trade deals with Australia and New Zealand. And then they’d let Trump’s billionaire mates carve up the NHS between them. 

    Another Elon Musk rebrand, this time to NH-X.

    More and more appeasement – in the futile hope it would protect us from more Trump tariffs in future. But we know it wouldn’t. Of course it wouldn’t.

    Just look at how he’s treated Canada – a steadfast ally who fought fascism alongside the US and the UK. He has hit them with outrageous tariffs, breaking the trade deal between their two countries. Because he doesn’t like the deal, so he doesn’t think he has to stick to it.

    Last month he asked “who would ever sign a thing like this”. The answer, of course, is you did Donald. Only five years ago. His signature means nothing.

    So no, a bad Trump deal won’t protect us from tariffs. And playing nice, being weak, is no way to deal with him either. So let’s stand up to Trump. Let’s stand side by side with the EU and with our Commonwealth ally Canada. I urge the Prime Minister to bring those leaders together here in the UK to agree a coordinated response to Trump’s trade war – just like he’s rightly done on Putin’s murderous war. As others have done, we should hit back with tariffs of our own – starting with those Teslas Trump is so desperate to sell. 

    And Conference, let’s put ourselves in the strongest possible position by rebuilding our trade with Europe – Strengthening British businesses and showing Trump we have other options.

    So you see, when it comes to dealing with Trump – as with the other looming threats in the world right now – it is our liberal belief in internationalism that offers the solution. Conference, with Trump in the White House and Farage leading a Trump tribute act here in the UK – Our role in British politics has never been more essential. Our precious liberal values are the only antidote to their destructive nationalism. Our trademark community politics is the only way to defeat their cynical populism.

    The threat they pose is grave. The challenge before us is great. This is a battle of competing values. A battle of competing visions. A battle for the future.

    We didn’t choose this fight. But friends, I know you are up for it. I know together we can win it.

    For the future of our democracy. For the good of our communities. For the love of our country. Let’s go to battle.

    MIL OSI United Kingdom

  • MIL-OSI Australia: Interview with Charles Croucher, Channel 9

    Source: Australian Parliamentary Secretary to the Minister for Industry

    Charles Croucher:

    Welcome to the pre‑budget meeting. Just to ask that question, any line dancing in your Queensland days?

    Jim Chalmers:

    No, no. Blissfully free.

    Croucher:

    You’re a bit more hip‑hoppy, weren’t you? We’ve done 4 of these pre‑budget interviews. I’ve asked this question every time, so I’m going to start with it this time. When do things get easier for Australians?

    Chalmers:

    Certainly in the economy things are getting better. But we know that doesn’t always translate to how people are feeling and faring in the economy.

    That’s why when cost‑of‑living pressures are front of mind for so many Australians, they will be front and centre in the Budget that I hand down on Tuesday night.

    It will be a Budget primarily focused on helping people with the cost of living but also making our economy more resilient in the face of all of this global economic uncertainty and building Australia’s future.

    Croucher:

    Resilient? What does that mean?

    Chalmers:

    It means that the world is an uncertain place.

    There’s a lot of unpredictability, a lot of volatility. There’s a new world of uncertainty that we’re seeing unfold right around the globe and for Australia, we’re not immune from that.

    Making us more resilient means a Future Made in Australia. It means a Buy Australia Plan. It means making sure that as we get the Budget in better nick and we help with the cost of living, that we’re also investing in the jobs and industries of the future so that as the world changes all around us, we can be beneficiaries of that change, not victims of it.

    Croucher:

    You mentioned a Buy Australia Plan. This is getting more than just a catch cry or something that the Prime Minister has said in the past. This will be a laid out plan that will encourage Australians to buy Australian. How do you do that when cost is the driving factor? And what does it mean if they do that?

    Chalmers:

    One of the things that the Prime Minister said in response to the tariffs being levied around the world and on Australia was that one of the things that Australians can do, one of the decisions that Australians can make is to buy more Australian products and more Australian produce.

    There will be an opportunity for us to promote that in the Budget. That will be part of the Budget, but more broadly, making the economy more resilient means that Future Made in Australia, means making the most of our industrial opportunities, the energy transformation, human capital and skills and lifelong learning.

    That’ll be a big focus of the Budget as well. But primarily we know that cost of living is front of mind for most Australians, it will be front and centre in the Budget. You’ll see that when it comes to bulk billing, cheaper medicines and also extending the electricity bill rebates.

    Croucher:

    Let’s speak about that. Electricity bill rebates, an extra $150. How does it roll out?

    Chalmers:

    It rolls out in the second half of the year.

    The $300 that rolled out in the course of this financial year has been a really important way that we’ve helped people with the cost of living. This is more hip pocket help for households. It recognises that even as we’ve made all of this progress on inflation together, people are still under pressure and so there’s more help being rolled out on Tuesday night.

    Extending these energy bill rebates for another 6 months recognises the pressures people are under and in the most responsible way that we can, helps people with those pressures.

    Croucher:

    This time last year, I asked you if this was now baked into the Budget, this need for energy bill relief, because when it comes back on, it’s going to be inflationary right? When those subsidies are gone, it will force the price of things up. Is this just now another line item that every Treasurer from now on has to pay?

    Chalmers:

    Not necessarily.

    We keep these cost‑of‑living measures under more or less constant review. This is the third time that we’ve provided energy bill relief, but this time for 6 months rather than 12. That recognises first of all the pressures on the Budget, but also the progress that we are making on inflation.

    The Australian economy is turning a corner. We’ve got inflation down, real wages and incomes are up, unemployment’s low, we’ve got the debt down, interest rates have started to come down, growth is rebounding solidly in our economy. But we know that there’s more work to do because people are still under pressure. The global economic environment is uncertain. The Budget is designed to respond to those 2 things.

    Croucher:

    That all sounds like a really solid election or re‑election pitch, except the OECD say living standards have fallen. Now all those other things should be driving living standards. So, when do they turn around?

    Chalmers:

    They are. All of those things together are driving a recovery in living standards. Don’t forget, when we came to office, living standards were falling sharply, real wages were falling sharply, inflation and interest rates were going up. Now inflation and interest rates are coming down, incomes and wages are recovering, the tax cuts are flowing in our economy and all of that is rebuilding living standards in our economy.

    We recognise that it’s been an especially difficult period under the life of the last 2 governments. And when you recognise that, your choice is whether to do something about it or not.

    We’ve been doing something about it, getting wages moving again, tax cuts for every taxpayer, energy bill relief for every household, cheaper medicines, cheaper early childhood education, rent assistance, all of these ways that we’ve been rebuilding living standards. Because we recognise the pressure you’ve identified in your question.

    Croucher:

    David Littleproud was on the programme 10 minutes ago and he said he’d probably support these. This energy bill subsidy. But he said it is a last desperate roll of the dice from a government who’s lost control of energy prices. Is that right?

    Chalmers:

    Of course not. Energy prices in the last year to December went down by 25 per cent.

    Croucher:

    A lot of that was subsidy.

    Chalmers:

    Not all of it, but prices would have gone down even without the subsidies.

    Croucher:

    So, why is there still a need for subsidies?

    Chalmers:

    Because people are still under pressure, for all of the reasons that you and I have been talking about today and we’ve talked about on other occasions.

    But I say this about the Liberals and Nationals. They say they’ll probably support this cost‑of‑living relief. They haven’t supported the first 2 rounds of cost‑of‑living relief. They didn’t want the tax cuts to flow to every Australian taxpayer. They have opposed at almost every turn our cost‑of‑living help. That’s important for the election contest, because when Australians are doing it tough, the Labor government is helping with the cost of living.

    All they’ve got are these secret cuts that they won’t come clean on. And that’s the difference between Labor and Liberal. Our Budget’s about the cost‑of‑living. Their approach is about secret cuts. This is the week that they need to come clean on what those secret cuts mean for Medicare and pensions and payments and all of the other things that Australians rely on.

    Croucher:

    I want to move on to debt. It goes through a trillion dollars in the next couple of years. That’s been forecast for a while now. Are we at the stage now where any hope of turning surplus budgets is pretty much over?

    Chalmers:

    Not necessarily. We’ve delivered 2 surplus budgets. We took those enormous deficits that we inherited from the Liberal Party and we turned them into Labor surpluses. Even the deficit for this year is going to be substantially smaller than what was expected when we came to office 3 years ago. So, we’re making good progress. We’ve actually helped engineer the biggest ever positive turnaround in the budget in a single parliamentary term. That means $170 billion or so less Liberal debt. That means we save on interest costs.

    We’ve been able to manage the budget responsibly at the same time as we roll out cost‑of‑living help and invest in the future and that’s what you see on Tuesday night as well.

    Croucher:

    The next part of that is the next 10 years are all in deficit. So, we start going backwards and some of that money saved is still going backwards. So, how do we turn that around? It needs something bigger. Is that part of a second term agenda, a third term agenda? When do you look at that and say we can realistically get back into surplus and avoid that huge interest bill that’s coming down the pipeline?

    Chalmers:

    It requires the same combination of responsible economic management that we have been deploying, finding savings and there’ll be more savings in the Budget. Banking upward revision to revenue, most of that, we’ve seen that in the course of our time in office. Making sure that where we are making investments, we’re doing them in the most responsible way that we can. That’s what people can expect to see.

    Croucher:

    I want to be really quick on some, some overseas beef tariffs could be the next thing coming from Donald Trump. Do we have a plan B?

    Chalmers:

    It remains to be seen the nature and the magnitude of the tariffs that the Americans have flagged for early in April. We don’t take any outcome for granted. We work around the clock to make Australia’s case in that context. But we don’t pretend anything other than this is a new world of uncertainty.

    Croucher:

    And you can’t control him. What he can control is here. So, is there a plan B?

    Chalmers:

    What we’re seeing with these escalating trade tensions is casting a shadow over the global economy and over our own economy and our budget.

    Our plan A is about making our economy more resilient. What we’re seeing with all this uncertainty actually vindicates and validates the approach that we’ve taken – help people in the near term get the budget in much better nick and invest in making our economy more resilient. A Future Made in Australia, for example, investing in our industries and our jobs, our resources sector in areas like critical minerals.

    These are all of the most important things that we can do, and we are doing in the Budget in the face of all of this unpredictability around the world.

    Croucher:

    Last question on jobs, you mentioned it then. In our first interview we spoke about this collection of Australians that even though there were jobs available, that the unemployment rate was low, still weren’t out there and still weren’t working. You said it was a passion of yours. It’s something that, you know, the region you grew up in dedicates that. Same with me. How are we going with that?

    Chalmers:

    One of the things I’m proudest of is that we’ve got labour force participation, which is a measure of how many people that we can attract into work, that’s been at or around record highs during our time in office. I’m really proud of that. It’s one of a number of ways that we’ve made very substantial progress together as Australians.

    The stronger the labour market can be, the way that we can reward people by making sure that they can earn more and keep more of what they earn with the tax cuts. All of that is playing a very helpful role in our economy. This makes us exceptional around the world. Most other countries, they’ve got inflation down, but they’ve paid for that progress with much higher unemployment. Our unemployment rate, on average, over the life of this government has been the lowest of any government in 50 years. That means more people in work. It means we can address this intergenerational disadvantage that you and I care so much about.

    Croucher:

    I can hear the Liberals in my ears screaming, it’s lower. It’s now higher than when they left office at 3.9.

    Chalmers:

    Average unemployment, much lower under this government than under our predecessors. In fact, any government of the last 50 years.

    Croucher:

    Jim Chalmers, best of luck on Tuesday. Appreciate your time.

    Chalmers:

    Thanks so much Charles.

    MIL OSI News

  • MIL-OSI Africa: Secretary-General’s message on World Meteorological Day [scroll down for French version]

    Source: United Nations – English

    he dark predictions of meteorologists are coming to pass. Our climate is going up in flames. Every one of the last ten years has been the hottest in recorded history. Ocean heat is breaking records. And every country is feeling the effects – whether scorched by fires, swept by floods, or pummelled by unprecedented storms.
     
    The theme of this year’s World Meteorological Day – Closing the Early Warning Gap Together – reminds us that, in this new climate reality, early warning systems are not luxuries. They are necessities and sound investments – providing an almost ten-fold return. Yet, almost half the world’s countries still lack access to these life-saving systems. It is disgraceful that, in a digital age, lives and livelihoods are being lost because people have no access to effective early warning systems.

    The United Nations Early Warnings for All initiative aims for everyone, everywhere to be protected by an alert system by 2027. The world must come together, and urgently scale-up action and investment, to realize this goal.

    We need high-level political support for the Initiative within countries, a boost in technology support, greater collaboration between governments, businesses and communities, and a major effort to scale-up finance. Increasing the lending capacity of the Multilateral Development Banks is key. The Pact for the Future agreed last year made important strides forward, it must be delivered in full. So must the COP29 finance outcome.

    At the same time, we must intensify our efforts to tackle the climate crisis at source – through rapid and deep cuts to greenhouse gas emissions – to prevent it getting unimaginably worse. This year all countries must honour the promise to deliver new national climate action plans that align with limiting global temperature rise to 1.5 degrees Celsius.

    In an era of climate disaster, every person on Earth must be protected by an early warning system as a matter of justice. Together, let’s deliver. 

    ***

    Les sombres prévisions des météorologues sont en passe de se réaliser. Notre climat s’embrase. Les dix dernières années ont été les plus chaudes jamais enregistrées dans l’histoire de l’humanité. Les océans connaissent des niveaux record de chaleur. Incendies ravageurs, inondations dévastatrices ou tempêtes sans précédent : aucun pays n’est épargné par les effets des changements climatiques.

    Cette année, la Journée météorologique mondiale est placée sous le thème « Combler ensemble les lacunes en matière d’alertes précoces », qui vient nous rappeler que, dans cette nouvelle réalité climatique, les systèmes d’alerte précoce ne sont pas un luxe. En plus d’être indispensables, ils représentent des investissements judicieux, puisque les bénéfices qui en découlent sont pratiquement dix fois supérieurs aux montants investis. Pourtant, près de la moitié des pays de la planète n’ont toujours pas accès à ces systèmes d’une importance vitale. À l’ère du numérique, il est déplorable que des personnes perdent la vie ou voient leurs moyens de subsistance anéantis faute d’avoir accès à des systèmes d’alerte précoce efficaces.

    L’initiative « Alertes précoces pour tous » de l’Organisation des Nations Unies vise à ce que chaque habitant de la planète soit protégé par un système d’alerte d’ici à 2027. La communauté internationale doit unir ses forces et accroître d’urgence ses efforts et ses investissements pour atteindre cet objectif.

    Il est primordial que chaque pays accorde à l’initiative un soutien politique de haut niveau, qu’un appui plus énergique soit offert sur le plan des technologies, que les gouvernements, les entreprises et les communautés resserrent leur coopération et que les financements connaissent un véritable bond. Il est également crucial d’accroître la capacité de prêt des banques multilatérales de développement. Le Pacte pour l’avenir, adopté l’an dernier, a permis de poser des bases solides ; il doit maintenant être appliqué pleinement. Il faut également concrétiser les engagements pris en matière de financement à la vingt-neuvième session de la Conférence des Parties à la Convention-cadre des Nations Unies sur les changements climatiques (COP 29).

    Dans le même temps, il nous faut redoubler d’efforts pour chercher à résoudre la crise climatique à la source, en réduisant rapidement et fortement les émissions de gaz à effet de serre, afin d’éviter que la situation n’empire dans des proportions inimaginables. Cette année, tous les pays doivent honorer leur promesse de présenter de nouveaux plans d’action nationaux pour le climat qui soient compatibles avec l’objectif consistant à limiter le réchauffement planétaire à 1,5 degré Celsius.

    À l’ère des catastrophes climatiques, il faut que chaque personne sur Terre soit protégée par un système d’alerte précoce ; il s’agit là d’une question de justice. Ensemble, donnons corps à cette ambition.

    ***
     

    MIL OSI Africa

  • MIL-OSI Banking: African Development Bank, United Nations Development Programme, and Partners to host Regional Dialogue on Modernising Transparency and Accountability…

    Source: African Development Bank Group
    What:       High-Level Regional Dialogue on Public Finance Systems in Africa
    Who:        United Nations Development Programme (UNDP), African Development Bank Group (AfDB), United Nations Economic Commission for Africa (UNECA), and the government of the Republic of Benin
    When:      25 – 26 March 2025;…

    MIL OSI Global Banks