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Category: Business

  • MIL-OSI Asia-Pac: PARLIAMENT QUESTION: PROMOTION OF TRADITIONAL TEXTILES

    Source: Government of India (2)

    Posted On: 21 MAR 2025 12:17PM by PIB Delhi

    The Government has taken various steps to preserve and promote traditional textile Industry of Handlooms. Design Resource Centres have been set up in Weavers’ Service Centres at Kolkata, Delhi, Mumbai, Varanasi, Ahmedabad, Jaipur, Bhubaneswar, Guwahati, Kancheepuram, Bengaluru, Chennai, Hyderabad, Indore, Meerut, Nagpur and Panipat to preserve traditional handloom designs, and to build and create design-oriented excellence in the Handloom Sector.

    Ministry of Textiles is also seeking protection of traditional designs and patterns under the Geographical Indication (GI) Act, 1999. This Ministry provides financial assistance for registering the designs/products under the GI Act and for organizing seminars, workshops etc., for awareness creation.

    Several States, including, West Bengal are rich in traditional textiles of Handlooms.

    An all-India census was conducted in the year 2019 to determine number of Handloom Weavers, and ascertain the areas rich in traditional textiles i.e. Handlooms.

    To promote the Handloom sector, Ministry of Textiles is implementing the following schemes across the country:

    1. National Handloom Development Programme;
    2. Raw Material Supply Scheme;

    Under the above schemes, financial assistance is provided to the eligible handloom agencies/weavers for raw materials, common infrastructure development, marketing of handloom products in domestic/overseas markets, Weaver MUDRA Loans etc.

    In addition to the above,

    • Under Weaver MUDRA/Concessional Credit Scheme, margin money assistance at 20% of the loan amount subject to a maximum of Rs. 25,000/- for individual weaver/Weaver Entrepreneur and Rs. 20 lakh for Handloom Organizations, interest subvention upto 7% and credit guarantee fees on loans for a period of three years are provided.
    • Steps have been taken to on-board weavers and artisans on Government e-Market (GeM) place to enable them sell their products directly to various Government Departments and organizations. So far about 1.50 lakh weavers have been on-boarded on the GeM portal.
    • Weavers are facilitated to sell their products online through indiahandmade portal and 23 e-commerce platforms have been associated by Ministry of Textiles under a policy framework.
    • For export promotion of handloom products, Handloom Export Promotion Council has been organizing International Fairs.  During the year 2023-24, various international marketing fairs/events have been organised.  Besides, domestic marketing events were also organised in different parts of the country for the weavers to market and sell their products.
    • To enhance productivity, marketing capabilities and ensure better incomes, 160 Handloom Producer companies have been formed in different States.

    Funds are not allocated State-wise. The funds are released based on receipt of proposals from the State Governments and other Handloom organisations.

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

    ****

    DHANYA SANAL K

    (Lok Sabha US Q2979)

    (Release ID: 2113537) Visitor Counter : 29

    MIL OSI Asia Pacific News –

    March 22, 2025
  • MIL-OSI Asia-Pac: PARLIAMENT QUESTION: IMPROVING TEXTILE EXPORTS

    Source: Government of India (2)

    Posted On: 21 MAR 2025 12:15PM by PIB Delhi

    India is ranked among the top textile exporting countries in the world with a share of approx. 4% of global textiles and apparel exports. The export of Textile & Apparel including Handicrafts has increased by 7% in April-December 2024 with respect to same period previous year.  Major textile and apparel export destinations for India are USA, EU and UK with around 53% share in total textile and apparel exports in FY 2023-24.

    The Government is implementing various schemes/initiatives to promote Indian textiles. The major schemes/initiatives include PM Mega Integrated Textile Regions and Apparel (PM MITRA) Parks Scheme to create a modern, integrated, world class textile infrastructure; Production Linked Incentive (PLI) Scheme focusing on MMF Fabric, MMF Apparel and Technical Textiles to boost large scale manufacturing and enhancing competitiveness; National Technical Textiles Mission focusing on Research Innovation & Development, Promotion and Market Development; SAMARTH – Scheme for Capacity Building in Textile Sector with the objective providing demand driven, placement oriented, skilling program; Silk Samagra-2 for comprehensive development of sericulture value chain; National Handloom Development Program for end to end support for handloom sector. Ministry of Textiles is also implementing National Handicrafts Development Programme and Comprehensive Handicrafts Cluster Development Scheme for promotion of handicrafts.

    The Indian textiles industry is one of the largest in the world with a large raw material base of natural fibre including cotton, silk, wool, jute as well as manmade fibre and manufacturing strength across the value chain from fibre to fabric to garments.

    With a view to ensure a consistent supply of cotton in the country and have a sustained interest of farmers in cotton cultivation, Government of India is declaring Minimum Support Price (MSP) of cotton every year. This mechanism ensures that farmers receive a fair remunerative price for their produce in the event market prices of cotton falls below the MSP rates and also facilitates the availability of cotton at competitive prices.

    With effect from 20th February 2024, the custom duty on Extra-Long Staple (ELS) Cotton has been reduced to NIL. Under the India-Australia ECTA, 51,000 tonnes of duty free ELS Cotton can be imported since Dec 29, 2022.

    In order to increase the export potential, India has so far signed 14 Free Trade Agreements (FTAs) including recently concluded agreement with UAE, Australia and TEPA with EFTA countries comprising Switzerland, Iceland, Norway & Liechtenstein; and 6 Preferential Trade Agreements (PTAs) with various trading partners.

    The Government is also implementing Rebate of State and Central Taxes and Levies (RoSCTL) scheme for Apparel/Garments and Made-ups in order to enhance competitiveness by adopting principle of zero rated exports. Further, textiles products not covered under the RoSCTL scheme are covered under Remissions of Duties and Taxes on Exported Products (RoDTEP) along with other products. In addition, Government provides financial support to various Export Promotion Councils and Trade Bodies under Market Access Initiative Scheme implemented by Department of Commerce for organising and participating in trade fairs, exhibitions, buyer-seller meets etc at national and international levels to boost export.

    With a view to boost technical textiles sector in the country, National Technical Textiles Mission (NTTM) was launched for a period from 2020-21 to 2025-26. The mission focusses on fundamental research in thrust areas of speciality fibre like Carbon Fibre, Aramid Fibre, Nylon Fibre, and Composites & application-based research in geotextiles, agro-textiles, medical textiles, mobile textiles and sports textiles and development of biodegradable technical textiles. For research in sustainable & biodegradable technical textiles, projects have been approved for research in non-conventional natural fibres like, Milk Weed, Bamboo Fibre, etc.

    As far as innovation in textiles sector is concerned, Ministry of Textiles has conducted an Innovation Challenges in collaboration with Startup India & DPIIT. In this challenge, 9 winners were recognised and awarded and Incubation opportunity to 6 awardees were given through this Atal Innovation Mission (AIM). Apart from this, 3 separate innovations challenges were conducted by nature fibre boards on their respective problem statements i.e.

    • NJB Technological Innovation Grand Challenge in which 3 winners were recognised and awarded out of 125 applicants.
    • CSB Start-up Grand Challenge in which 4 winners were recognised and awarded out of             58 applicants.
    • CWDB Wool Innovation Challenge in which 3 winners were recognised and awarded out of     24 applicants.

    17 of the above-mentioned winners are directly engage activities such as textile waste recycling, bio-based fibres or sustainable garment production.

    The Government is regularly monitoring exports and imports and engaging with the industry in this regard. The Government has imposed Minimum Import Price of USD 3.50 per kg on Harmonized System of Nomenclature (HSN) codes under the heading 6,006, in order to control import of low rate and low-quality knitted fabrics. In the budget announcement, custom duty was revised on HSN under heading 6,006. Various QCOs have been imposed to curb imports of low-quality non-standard goods which allows protection to domestic producers.

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

    ****

    DHANYA SANAL K

    (Lok Sabha US Q2873)

    (Release ID: 2113532) Visitor Counter : 23

    MIL OSI Asia Pacific News –

    March 22, 2025
  • MIL-OSI Asia-Pac: PARLIAMENT QUESTION: HIGHTECH APPAREL AND WEAVING PARKS

    Source: Government of India (2)

    Categories24-7, Asia Pacific, Government of India, India, MIL OSI

    Post navigation

    Ministry of Textiles

    PARLIAMENT QUESTION: HIGHTECH APPAREL AND WEAVING PARKS

    Posted On: 21 MAR 2025 12:14PM by PIB Delhi

    With a view to attract investment, boost employment generation and position itself strongly in the global market, the Government has approved setting up of 7 (Seven) PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks in Greenfield/Brownfield sites with world class infrastructure including plug and play facility with an outlay of Rs. 4,445 Cr for a period of 2021-22 to 2027-28.

    The Government has finalized 7 sites viz. Tamil Nadu (Virudhnagar), Telangana (Warangal), Gujarat (Navsari), Karnataka (Kalaburagi), Madhya Pradesh (Dhar), Uttar Pradesh (Lucknow), Maharashtra (Amravati) for setting up of PM MITRA Parks.

    Apart from this, with a view to increasing investments, generating employment opportunities and boosting exports in textile sector, the Ministry is implementing Scheme for Integrated Textile Park (SITP) to provide support for setting up textile parks with world-class, state-of-the-art infrastructure in textile hubs across the country. The scheme was in implementation upto 31.03.2021; however, the Scheme has now been subsumed under the umbrella Scheme of Textile Cluster Development Scheme (TCDS) for completing ongoing projects only.  No proposal for setting up of Textile Park under SITP in the State of West Bengal, Madhya Pradesh and Bihar is pending in the Ministry.

    Information on State-wise fund utilization under SITP/TCDS is in below:                                                                                                                                                                                                                                                                                                                          

    S. N.

    Name of the park

    State

    Total Govt grant released
    (In Rs. crores)

    Employment

    (in number)

    Investment (in Rs. cr)

    Units Operational

    (In number)

    Park Status

    1

    Brandix India Apparel City Private Limited

    Andhra Pradesh

    40.00

    19,000

    850

    14

    Completed

    2

    Gujarat Eco Textile Park Limited, Surat

    Gujarat

    40.00

    10,370

    1,260

    34

    Completed

    3

    Mundra SEZ Textile & Apparel Park Limited

    Gujarat

    40.00

    810

    960

    7

    Completed

    4

    Fairdeal Textile Park Pvt. Ltd., Surat

    Gujarat

    40.00

    1850

    256

    22

    Completed

    5

    Vraj Integrated Textile Park Limited , Ahmedabad

    Gujarat

    40.00

    4350

    1500

    15

    Completed

    6

    Sayana Textile Park Ltd.,Surat

    Gujarat

    36.00

    1420

    233

    50

    Completed

    7

    Surat Super Yarn Park Limited, Surat

    Gujarat

    40.00

    0

    150

    8

    Completed

    8

    RJD Integrated Textile Park, Surat

    Gujarat

    40.00

    7,220

    272

    372

    Completed

    9

    Amitara Green High Tech Textile Park Pvt Ltd.

    Gujarat

    40.00

    1,360

    704.91

    10

    Completed

    10

    Himachal Textile Park

    Himachal Pradesh

    34.88

    1,456

    271.82

    6

    Foreclosed

    11

    Doddabalapur Integrated Textile Park

    Karnataka

    32.01

    550

    105

    42

    Completed

    12

    Metro Hi-Tech Cooperative Park Limited

    Maharashtra

    40.00

    2024

    379

    27

    Completed

    13

    Baramati Hi Tech Textile Park Limited

    Maharashtra

    40.00

    3,000

    200

    14

    Completed

    14

    Deesan Infrastructure,  Pvt Ltd.

    Maharashtra

    40.00

    1,700

    194.34

    50

    Completed

    15

    Islampur Integrated Textile Park Pvt Ltd.

    Maharashtra

    40.00

    1,645

    637.54

    7

    Completed

    16

    Latur Integrated Textile Park Pvt Ltd

    Maharashtra

    40.00

    0

    175

    0

    Completed

    17

    Asmeeta Infratech Pvt Ltd

    Maharashtra

    40.00

    17,300

    375.74

    535

    Completed

    18

    Pride India cooperative Textile park Limited

    Maharashtra

    20.95

    8,525

    317

    155

    Completed

    19

    Hinganghat Textile Park

    Maharashtra

    40.00

    1,022

    95

    12

    Completed

    20

    Lotus Integrated Tex Park

    Punjab

    40.00

    1,500

    500

    7

    Completed

    21

    Rhythm Textile & Apparel Park Ltd

    Punjab

    36.00

    1,875

    120

    9

    Foreclosed

    22

    Ludhiana Integrated Textile Park Ltd

    Punjab

    36.00

    2,790

    148.62

    13

    Foreclosed

    23

    Next Gen Textile Park Pvt Ltd , Pali

    Rajasthan

    40.00

    4,910

    409

    18

    Completed

    24

    Kishangarh Hi-Tech Textile Weaving Park Ltd

    Rajasthan

    36.00

    812

    238

    25

    Foreclosed

    25

    Jaipur Integrated Texcraft Park Pvt Ltd

    Rajasthan

    24.06

    500

    64.67

    16

    Completed

    26

    Palladam Hi-Tech Weaving park, Palladam

    Tamil Nadu

    22.17

    2650

    170

    90

    Completed

    27

    Komarapalayam Hi-Tech Weaving Park

    Tamil Nadu

    12.54

    853

    97.2

    56

    Completed

    28

    Karur Integrated Textile Park, Karur Park

    Tamil Nadu

    40.00

    5,000

    170

    35

    Completed

    29

    Madurai Integrated Textile Park Ltd

    Tamil Nadu

    31.43

    2,551

    275

    17

    Completed

    30

    Pochampally Handloom Park Limited

    Telangana

    13.60

    350

    55

    189

    Completed

    31

    Hindupur Vyapar Apparel Park Limited

    Andhra Pradesh

    24.00

    500

    60

    3

    Under implementation

    32

    Tarakeshwara Textile Park

    Andhra Pradesh

    20.00

    465

    144.93

    4

    Under implementation

    33

    Guntur Textile Park, Guntur

    Andhra Pradesh

    30.00

    690

    143.27

    13

    Under implementation

    34

    Prag Jyoti Textile Park, Darrang

    Assam

    20.00

    0

    15.62

    0

    Under implementation

    35

    Kejriwal Integrated Textile Park

    Gujarat

    36.00

    1,982

    425

    8

    Under implementation

    36

    Palsana ITP Park, Surat

    Gujarat

    30.00

    326

    101.63

    8

    Under implementation

    37

    Ichhapore Textile Park, Surat

    Gujarat

    20.00

    80

    140.02

    4

    Under implementation

    38

    Karanj Integrated Textile Park

    Gujarat

    20.00

    839

    327.02

    19

    Under implementation

    39

    Shahlon Textile Park

    Gujarat

    10.00

    110

    92.46

    2

    Under implementation

    40

    J&K Textile Park,  Kathua

    J&K

    35.73

    45

    106.1

    2

    Under implementation

    41

    Purna Global Textiles Park

    Maharashtra

    22.03

    1108

    150

    47

    Under implementation

    42

    Kallappanna Awade Textile Park

    Maharashtra

    27.47

    2923

    421.85

    133

    Under implementation

    43

    Satyaraj Integrated Textile Park

    Maharashtra

    35.00

    1732

    254.84

    28

    Under implementation

    44

    Shree Ganesh Textile Park

    Maharashtra

    15.00

    35

    30.97

    1

    Under implementation

    45

    Perarignar Anna Handloom Silk Park

    Tamil Nadu

    19.81

    812

    50.82

    10

    Under implementation

    46

    Pallavada Textile Park

    Tamil Nadu

    10.00

    825

    51

    3

    Under implementation

    47

    The Great Indian Linen & Textile

    Tamil Nadu

    12.00

    170

    47

    7

    Under implementation

    48

    White Gold Textile Park

    Telangana

    32.48

    675

    202

    10

    Under implementation

    49

    EIGMEF Apparel Park Ltd.

    West Bengal

    31.61

    0

    73

    0

    Under implementation

    50

    West Bengal Hosiery Textile Park, Howrah

    West Bengal

    25.25

    1970

    607

    21

    Under implementation

     

    Total

     

    1,532.02

    1,22,680

    14,628.37

    2,178

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

    ****

    DHANYA SANAL K

    (Lok Sabha US Q2848)

    (Release ID: 2113531)

    MIL OSI Asia Pacific News –

    March 22, 2025
  • MIL-OSI Asia-Pac: The World is looking towards India and India presents a significant competitive advantage: Shri Jayant Chaudhary

    Source: Government of India

    Posted On: 20 MAR 2025 9:14PM by PIB Bhubaneshwar

    The National Institute for Entrepreneurship and Small Business Development (NIESBUD), under the aegis of Ministry of Skill Development and Entrepreneurship successfully concluded its two-day Capacity Building Workshop titled “Catalyzing Entrepreneurial Growth: Enhancing Financial Inclusion, Market Access, and Digital Competence” on March 20, 2025.

    The workshop brought together a diverse group of participants who engaged in insightful discussions on overcoming barriers to entrepreneurship, such as limited access to finance, market constraints, and low adoption of digital tools. Expert-led panel discussions and practical facilitation sessions provided valuable insights into leveraging government financial schemes, institutional credit options, venture capital investments, and alternative financing models to support business expansion.

    The valedictory session of the workshop commenced in the august presence of Shri Jayant Chaudhary, Hon’ble Minister of State (I/C), for Skill Development and Entrepreneurship and Minister of State for Education, Government of India as the Chief Guest and Shri Sampad Chandra Swain, Minister of State (Independent Charge) for Industries, Skill Development and Technical Education, Government of Odisha as the guest of honor. Shri Atul Kumar Tiwari, Secretary, MSDE, Government of India and Shri Manoj Ahuja, Chief Secretary, Government of Odisha also addressed the entrepreneurs during the session.

    Shri Jayant Chaudhary, Hon’ble Minister of State (I/C), for Skill Development and Entrepreneurship, and Minister of State for Education, Government of India, during his address, said “The world is eyeing India for the quality of its products, its citizens, and its businesses, which presents a significant competitive advantage. Our industries must focus on product quality to distinguish themselves globally. To achieve this, industries need to invest in entrepreneurs and support them in every possible way for our economy to progress. Our recent Union Budget 2025 has emphasized initiatives targeting women and underserved categories, with loan sanctions of around ₹10,000 crore under the Fund of Funds (FoF) made accessible for them to embark on their entrepreneurial journeys. The government has implemented various schemes to assist citizens in pursuing their dreams, but these will only be effective if we learn to utilize them as our right.

    This two-day training session will catalyze the entrepreneurial spirit in budding entrepreneurs and help them gain a deeper understanding on the government initiatives, financial literacy, market access, and digital competence.”

    The workshop was attended by more than 100 entrepreneurs from Odisha, Bihar, Jharkhand, and Chhattisgarh with most of the entrepreneurs being trained under the SANKALP programme of Ministry of Skill Development and Entrepreneurship. The attendees reported significant gain in their understanding of financial management and funding opportunities. The participants were provided with actionable roadmaps for scaling their ventures and strengthened networks that will aid them in navigating the entrepreneurial landscape. The entrepreneurs were also felicitated by the Shri Jayant Chaudhary during the valedictory session.

    The two-day workshop was structured with engaging panel discussions and practical sessions that focused on enhancing the entrepreneurial ecosystem through capacity building of the budding entrepreneurs. The first panel, Building a Strong Entrepreneurial Ecosystem – Challenges & Opportunities, included insights from Shri Durga Prasad Gouda, CEO of Atal Incubation Centre, NIT; Shri Sudhanshu Mohanty, Senior Vice President of the Orissa Chambers of Commerce; Ms. Surekha Routray, Founder & CEO of Aashdit Nutritech Pvt Ltd; and Shri Rashmi Ranjan, Managing Partner of Autosave Startup Studio.

    The second panel, Strengthening Entrepreneurial Ecosystem – Access to Finance, Credit Linkages and Government Schemes, that featured Shri Deepak Anand, IAS, Secretary cum CEO of Bihar Skill Development Mission; Prof. Mahadeo P. Jaiswal, Director of IIM Sambalpur; and Shri Nigam Das, Deputy CEO of Odisha Rural Development and Marketing Society (ORMAS), created awareness of government schemes and the ways in which they can be leveraged by the entrepreneurs to grow their businesses. The panels were moderated by Dr. Poonam Sinha, Director, NIESBUD.

    An additional session on Digital Growth Strategies led by Shri Anuj Kumar from GeM and Shri Sasank Patro from Sabhvasha Retail Tech Pvt Ltd., provided actionable insights to the entrepreneurs on utilizing platforms like GeM and ONDC for market expansion and a third panel engaged in conversations on Credit Linkages & Financial Inclusion, featuring Smt. Shubha Sharma, IAS, Principal Secretary, Women and Child Development, Govt. of Odisha and other financial experts who offered guidance on accessing government-backed financial schemes essential for entrepreneurs’ growth.

    A Memorandum of Understanding was also exchanged between NIESBUD and IIM Sambalpur with the objective of furthering the entrepreneurial climate in the state of Odisha.

    The initiative aligns with India’s vision for Atmanirbhar Bharat by promoting inclusive entrepreneurship that is digitally enabled. A follow-up mechanism will be established to track the implementation of learnings from the workshop and assess their impact on entrepreneurship development in the region.

    ***

    PIB Bhubaneshwar | AKM/SSP/PKC

    (Release ID: 2113465) Visitor Counter : 43

    Read this release in: Odia

    MIL OSI Asia Pacific News –

    March 22, 2025
  • MIL-OSI Europe: Answer to a written question – Gender inclusivity in Italy’s National Guarantor Authority for the rights of persons with disabilities – E-000239/2025(ASW)

    Source: European Parliament

    Under the United Nations Convention on the rights of persons with disabilities (UNCRPD)[1], Parties, including the EU and all its Member States, shall guarantee persons with disabilities can effectively and fully participate in the conduct of public affairs without discrimination[2], and address the specific challenges and needs of women with disabilities, as subjects to multiple discrimination[3].

    The Commission recalls the importance to ensure gender equality and rights for all women in the EU. This includes achieving gender balance in leadership positions, in line with the Commission’s Gender Equality Strategy[4], and through the adopted Gender Balance on Corporate Boards Directive[5].

    The Commission has been leading by example by ensuring gender-balance in its middle-management[6]. Moreover, the Commission adopted a new Human Resources Strategy to boost employment of staff with disabilities to foster diversity and inclusiveness[7].

    Furthermore, the strategy for the rights of persons with disabilities 2021-2030[8] promotes an intersectional perspective, addressing specific barriers faced by persons with disabilities. The Commission is working on a progress report to assess the implementation of the strategy.

    The National Guarantor Authority for the rights of persons with disabilities is not subject to specific EU law imposing a particular composition of its board.

    However, the Commission encourages Member States to ensure gender equality and the inclusion of persons with disabilities in decision-making.

    • [1] The United Nations Convention on the Rights of Persons with Disabilities (UNCRPD) is the first international, legally binding instrument setting minimum standards for rights of people with disabilities. For the EU, the convention entered into force on 22 January 2011. All EU Member States have signed and ratified the convention.
    • [2] United Nations Convention on the Rights of Persons with Disabilities. Art.29 — Participation in political and public life: https://www.ohchr.org/en/instruments-mechanisms/instruments/convention-rights-persons-disabilities
    • [3] United Nations Convention on the Rights of Persons with Disabilities. Art.8 — Women and girls with disabilities: https://www.ohchr.org/en/instruments-mechanisms/instruments/convention-rights-persons-disabilities
    • [4] A Union of Equality: Gender Equality Strategy 2020-2025, p. 13: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A52020DC0152
    • [5] Directive (EU) 2022/2381 of the European Parliament and of the Council of 23 November 2022 on improving the gender balance among directors of listed companies and related measures: https://eur-lex.europa.eu/eli/dir/2022/2381/oj/eng
    • [6] The European Commission has 48% of women in senior management positions; 49% in middle management positions; and 51% in middle management in Executive Agencies.
    • [7] Communication to the Commission — A new Human Resources Strategy for the Commission: https://ec.europa.eu/commission/presscorner/detail/en/ip_22_1783
    • [8] EU’s Strategy for the Rights of Persons with Disabilities 2021-2030 covers all areas of the UNCRPD: https://op.europa.eu/en/publication-detail/-/publication/3e1e2228-7c97-11eb-9ac9-01aa75ed71a1/language-en
    Last updated: 21 March 2025

    MIL OSI Europe News –

    March 22, 2025
  • MIL-OSI Europe: Answer to a written question – Slave-like working conditions at Teleperformance – E-000404/2025(ASW)

    Source: European Parliament

    1. and 3. The Commission is not aware of allegations made against the company Teleperformance. Complaints may also be made to the EU institutions. If an employer does not comply with the national legislation transposing EU directives or regulations, it is for the competent national authorities to apply and enforce citizens’ rights under EU law. In such cases, it is primarily for Member States, including their judicial authorities, to ensure that employees’ rights are effectively respected and protected. In its role as guardian of the Treaties, the Commission will monitor the situation and may decide to take appropriate action.

    2. Directive 2019/1152[1] sets out minimum requirements to improve working conditions by promoting more transparent and predictable work for workers in all sectors of activity. Directive 2003/88[2] lays down minimum requirements for the protection of the health and safety of workers by regulating working time and rest time in all sectors of activity. These directives are not anti-labour but are legislative instruments which give specific form to fundamental rights enshrined in the Charter of Fundaments Rights, such as Article 31 on the right to working conditions which respect health, safety and dignity, to limitation of maximum working hours, to daily and weekly rest periods and to paid annual leave. The directives do not prevent Member States from applying national provisions or permitting the application of collective agreements more favorable to the protection of safety and health of workers[3]. Moreover, both directives allow for several derogations through collective agreements, thus respecting the autonomy of the social partners[4]. Neither of the two directives have any impact on the right to strike.

    • [1] Directive 2019/1152/EC of the European Parliament and of the Council of 20 June 2019 on transparent and predictable working conditions, OJ L 186, 11.7.2019, p. 105-121 — https://eur-lex.europa.eu/eli/dir/2019/1152/oj/eng
    • [2] Directive 2003/88/EC of the European Parliament and of the Council of 4 November 2003 concerning certain aspects of the organisation of working time, OJ L 299, 18.11.2003, p. 9 — https://eur-lex.europa.eu/eli/dir/2003/88/oj/eng
    • [3] Article 15 of Directive 2003/88 and Article 20 (2) of Directive 2019/1152.
    • [4] Among others in Articles 14 and Article 10 in Directive 2019/1152 and in Articles 17 and 18 of Directive 2003/88.
    Last updated: 21 March 2025

    MIL OSI Europe News –

    March 22, 2025
  • MIL-OSI Europe: Croatian businesses to get financing support with €100 million EIB loan to PBZ

    Source: European Investment Bank

    EIB

    • EIB lends €100 million to Croatian bank PBZ to boost financing for range of businesses
    • Credit aimed at bolstering small enterprises and climate action in Croatia
    • Focus on company projects that promote clean energy

    The European Investment Bank (EIB) is lending the Croatian bank Privredna Banka Zagreb (PBZ), part of the Intesa Sanpaolo Group, €100 million to expand financing for a range of businesses in the country. The EIB lending to PBZ will enable it to increase loans to Croatian small and medium-sized enterprises (SMEs) and Mid-Caps.

    The goal of the operation is to strengthen business competitiveness and green investments in Croatia. At least 70% of the loan will be allocated to SMEs and a minimum 20% will be dedicated to projects that advance climate action and environmental sustainability, with a focus on energy efficiency and renewable-energy production.

    The EIB loan will be disbursed in stages over the coming three years, beginning with a first tranche of €50 million signed today. The entire operation will be implemented in Croatia, fully contributing to the European Union’s aim to foster regional cohesion.

    “This new financing operation will further strengthen our cooperation with PBZ and Intesa Sanpaolo Group and help Croatian businesses access funding they need to grow,” said EIB Vice-President Teresa Czerwińska. “By dedicating a significant portion of the loan to climate-friendly investments and women entrepreneurs, we are supporting companies’ sustainability efforts and strengthening economic resilience in Croatia.”

    An allocation of 10% of the loan to support women-owned and women-run businesses is included on a best-effort basis, reflecting the EIB’s commitment to fostering gender equality in company finance.

    “We are very pleased to continue to further strengthen our long-standing successful cooperation with the EIB with the aim of bolstering competitiveness and resilience of the Croatian economy. Specifically, through this cooperation we will actively support our clients and sustainable projects, particularly those with a green component that are focused on energy efficiency and renewable energy production, placing strong emphasis on ESG aspects, which is also our strategic commitment,” said Dinko Lucić, President of the Management Board of PBZ.

    The new loan resumes EIB lending activity to PBZ totalling around €200 million over the past 10 years. In November 2024, PBZ also signed a €100 million guarantee agreement with the EIB to support the financing and investment needs of Croatian Mid-Caps.

    Background information  

    EIB 

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.  

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment. Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    Privredna Banka Zagreb (PBZ) is part of the Intesa Sanpaolo Group, one of the largest banking groups in Europe. PBZ is the second-largest bank and financial group in Croatia by assets, with a market share of around 20 per cent in various operating segments, continuously developing innovative products and services for retail, corporate and SME clients.  PBZ is also a centre of excellence for many areas of banking within the International Banks Division of Intesa Sanpaolo. It, therefore, became a regional banking hub following the acquisition of the majority stakes of Intesa Sanpaolo banks in Bosnia and Herzegovina and Slovenia.

    PBZ Loan for SMEs & Midcaps II
    Croatian businesses to get financing support with €100 million EIB loan to PBZ
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    PBZ Loan for SMEs & Midcaps II
    Croatian businesses to get financing support with €100 million EIB loan to PBZ
    ©EIB
    Download original
    PBZ Loan for SMEs & Midcaps II
    Croatian businesses to get financing support with €100 million EIB loan to PBZ
    ©EIB
    Download original

    MIL OSI Europe News –

    March 22, 2025
  • MIL-OSI Europe: Answer to a written question – Ensuring the effective management of the Spanish Insurance Compensation Consortium in relation to the DANA floods – E-003024/2024(ASW)

    Source: European Parliament

    The Commission has a stated policy interest in supporting efforts that contribute to narrowing the climate protection gap, or the share of non-insured economic losses caused by climate-related disasters.

    The Commission is also following initiatives taken at Member States level and is engaging in discussions with stakeholders to see how the EU can contribute to building climate resilience.

    However, the Commission has no jurisdiction to deal with matters like the one that is the subject of the question of the Honourable Member, which is a matter solely for the national authorities concerned.

    The Insurance Compensation Consortium (Consorcio de Compensación de Seguros), is organised as a Spanish public company attached to the Ministry of Economy, Trade and Enterprise.

    The Consorcio is endowed with legal personality and has full capacity to act according to its legal statute. The Consorcio is run by a Board of Directors, which is chaired by the Director General of Insurance and Pension Funds of the Spanish Treasury and is composed of 14 members, including, representatives of private insurance companies and senior officials of the administration.

    Considering all the above, the Commission has no power to intervene in the direct management of claims or to urge the Spanish Government to take a specific course of action in this matter.

    Last updated: 21 March 2025

    MIL OSI Europe News –

    March 22, 2025
  • MIL-OSI Europe: Written question – ‘ReArm Europe’ package and the use of cohesion programmes and funding for defence – E-001065/2025

    Source: European Parliament

    Question for written answer  E-001065/2025
    to the Commission
    Rule 144
    Lynn Boylan (The Left), Kathleen Funchion (The Left)

    In the recent announcement of the ‘ReArm Europe’ package, Commission President von der Leyen stated that there would be ‘possibilities and incentives’ for Member States to be allowed to use cohesion policy programmes to increase defence spending.

    Prior to this announcement, did the Commission:

    • 1.Conduct an impact assessment on the effects of this policy on social cohesion across the EU?
    • 2.Consult directly with communities and groups who currently benefit from cohesion funding, and who may now face cuts to such funding?
    • 3.Consult with arms companies who would increase their already exorbitant profits if this decision takes effect?

    Submitted: 12.3.2025

    Last updated: 21 March 2025

    MIL OSI Europe News –

    March 22, 2025
  • MIL-OSI Europe: Written question – Beneficiaries and amounts invested under the MediaInvest instrument? – E-000858/2025

    Source: European Parliament

    Question for written answer  E-000858/2025/rev.1
    to the Commission
    Rule 144
    Emma Rafowicz (S&D)

    Officially launched on 20 May 2022 at the European Film Forum during the Cannes Film Festival, the MediaInvest financial instrument is intended to increase investment in European audiovisual production and distribution companies by helping them ‘preserve their autonomy and increase their capacities’. It aims to mobilise up to EUR 400 million in private investment over a seven-year period.

    MediaInvest’s first equity investment of up to EUR 25 million was announced in September 2023. It went to French investment fund Logical Content Ventures, which was able to clarify its approach at the Berlinale.

    Since 2023, the Commission has not provided precise information on the investments performed and the respective beneficiaries, nor has it set out what the future of the instrument will be, making it impossible to judge whether or not the instrument is working properly.

    • 1.With this in mind, is the Commission going to make the full list of beneficiaries and amounts invested since the instrument was launched public?
    • 2.Does the Commission intend to renew the instrument after it comes to an end in 2027?
    • 3.If so, does the Commission intend to introduce a capital condition to prevent non-EU companies from benefiting from the instrument?

    Submitted: 26.2.2025

    Last updated: 21 March 2025

    MIL OSI Europe News –

    March 22, 2025
  • MIL-OSI Europe: Euro area monthly balance of payments: January 2025

    Source: European Central Bank

    21 March 2025

    • Current account recorded €35 billion surplus in January 2025, down from €38 billion in previous month
    • Current account surplus amounted to €408 billion (2.7% of euro area GDP) in the 12 months to January 2025, up from €280 billion (1.9%) one year earlier
    • In financial account, euro area residents’ net acquisitions of non-euro area portfolio investment securities totalled €677 billion and non-residents’ net acquisitions of euro area portfolio investment securities totalled €784 billion in the 12 months to January 2025

    Chart 1

    Euro area current account balance

    (EUR billions unless otherwise indicated; working day and seasonally adjusted data)

    Source: ECB.

    The current account of the euro area recorded a surplus of €35 billion in January 2025, a decrease of €3 billion from the previous month (Chart 1 and Table 1). Surpluses were recorded for goods (€35 billion), services (€12 billion) and primary income (€ 2 billion). These were partly offset by a deficit for secondary income (€14 billion).

    Table 1

    Current account of the euro area

    Source: ECB.

    Note: Discrepancies between totals and their components may be due to rounding.

    Data for the current account of the euro area

    In the 12 months to January 2025, the current account surplus widened to €408 billion (2.7% of euro area GDP), up from €280 billion (1.9% of euro area GDP) one year earlier. This increase was mainly driven by larger surpluses for goods (up from €296 billion to €380 billion) and for services (up from €122 billion to €163 billion). The primary income surplus (€33 billion) and the secondary income deficit (€168 billion) remained broadly unchanged.

    Chart 2

    Selected items of the euro area financial account

    (EUR billions; 12-month cumulated data)

    Source: ECB.

    Notes: For assets, a positive (negative) number indicates net purchases (sales) of non-euro area instruments by euro area investors. For liabilities, a positive (negative) number indicates net sales (purchases) of euro area instruments by non-euro area investors.

    In direct investment, euro area residents made net investments of €90 billion in non-euro area assets in the 12 months to January 2025, following net disinvestments of €333 billion one year earlier (Chart 2 and Table 2). Non-residents disinvested €107 billion in net terms from euro area assets in the 12 months to January 2025, following net disinvestments of €397 billion one year earlier.

    In portfolio investment, euro area residents’ net purchases of non-euro area equity increased to €134 billion and debt securities to €544 billion in the 12 months to January 2025, up from €74 billion and €406 billion, respectively, one year earlier. Non-residents’ net purchases of euro area equity increased to €334 billion and debt securities to €450 billion in the 12 months to January 2025, up from €201 billion and €419 billion, respectively, one year earlier.

    Table 2

    Financial account of the euro area

    Source: ECB.

    Notes: Decreases in assets and liabilities are shown with a minus sign. Net financial derivatives are reported under assets. “MFIs” stands for monetary financial institutions. Discrepancies between totals and their components may be due to rounding.

    Data for the financial account of the euro area

    In other investment, euro area residents recorded net acquisitions of non-euro area assets amounting to €465 billion in the 12 months to January 2025 (up from €131 billion one year earlier), while they recorded net incurrences of liabilities of €128 billion (following net disposals of €272 billion one year earlier).

    Chart 3

    Monetary presentation of the balance of payments

    (EUR billions; 12-month cumulated data)

    Source: ECB.

    Notes: “MFI net external assets (enhanced)” incorporates an adjustment to the MFI net external assets (as reported in the consolidated MFI balance sheet items statistics) based on information on MFI long-term liabilities held by non-residents, available in b.o.p. statistics. B.o.p. transactions refer only to transactions of non-MFI residents of the euro area. Financial transactions are shown as liabilities net of assets. “Other” includes financial derivatives and statistical discrepancies.

    The monetary presentation of the balance of payments (Chart 3) shows that the net external assets (enhanced) of euro area MFIs increased by €425 billion in the 12 months to January 2025. This increase was driven by the current and capital accounts surplus and, to a lesser extent, by euro area non-MFIs’ net inflows in portfolio investment equity and debt. These developments were partly offset by euro area non-MFIs’ net outflows in direct investment and other investment.

    In January 2025 the Eurosystem’s stock of reserve assets increased to €1,457.5 billion up from €1,394.0 billion in the previous month (Table 3). This increase was mainly driven by positive price changes (€65.6 billion) which were partly offset by net sales of assets (€1.5 billion) and negative exchange rate changes (€0.6 billion).

    Table 3

    Reserve assets of the euro area

    Source: ECB.

    Notes: “Other reserve assets” comprises currency and deposits, securities, financial derivatives (net) and other claims. Discrepancies between totals and their components may be due to rounding.

    Data for the reserve assets of the euro area

    Data revisions

    This press release does not incorporate revisions to previous periods.

    MIL OSI Europe News –

    March 22, 2025
  • MIL-OSI Security: International law enforcement strike against multimillion-euro healthcare fraud network

    Source: Europol

    The fraud scheme centred on fraudulent reimbursements for hearing aids exploiting France’s public health insurance system. In July 2024, the fraudsters set up fictitious hearing aid companies, using usurped diplomas to secure accreditation from health authorities and contracts with the French health insurance fund. Armed with stolen patient details, they issued false invoices, leading to EUR 6.7 million in fraudulent…

    MIL Security OSI –

    March 22, 2025
  • MIL-OSI: Unlock the future of crypto staking with HTXMining: a secure and flexible staking solution to maximize staking rewards

    Source: GlobeNewswire (MIL-OSI)

    SHERIDAN, Wyo., March 21, 2025 (GLOBE NEWSWIRE) — The main intention of the investors is to grow their assets with a secure and flexible working environment such as Htxmining. Htxmining’s Liquidity Staking has become an ultimate solution with a revolutionary idea of crypto staking rewards without losing liquidity over their capital. HTXMining is revolutionizing the game by deviating from the traditional staking paradigms’ constraints because liquidity mining is a game changer in earning passive income. By leveraging Liquidity Staking, investors no longer have to choose between earning rewards and keeping their assets liquid; they can now enjoy the best of both worlds.

    Image by HTXMining

    What is Liquidity Staking?

    Liquidity Staking is a cutting-edge staking method that allows investors to stake their crypto assets while receiving liquid tokens in return. These liquid tokens can be utilized within DeFi protocols, exchanged, or reinvested, and all the while, the original assets keep on earning crypto staking rewards passively. This approach will boost the utility of assets and provide investors with several potential income sources.

    In traditional staking, users have to lock up their money for a set amount of time, which means they can’t easily take advantage of new chances in the market. HTXMining’s Liquidity Staking offers an optimal staking experience for both passive and active investors in a hassle free environment.

    Liquidity mining offers varying potential returns based on investment levels:

    • $5 – $1,050: Up to 1.5% potential return
    • $1,050 – $3,050: Up to 2% potential return
    • $3,051 – $5,050: Up to 2.5% potential return
    • $5,051 – $10,050: Up to 2.8% potential return
    • $10,051 – $15,050: Up to 3.1% potential return
    • $15,051 – $20,050: Up to 3.5% potential return
    • $20,051 – $50,050: Up to 3.8% potential return
    • $50,051 – $80,050: Up to 4.1% potential return
    • $80,051 – $100,050: Up to 4.5% potential return
    • $100,051 – $200,050: Up to 4.8% potential return
    • $200,051 – $500,050: Up to 5.1% potential return
    • $500,051 – $1,000,000,000: Up to 5.5% potential return

    Key Features of HTXMining’s Liquidity Staking

    HTXMining’s Liquidity Staking is always there for you to offer a secure environment to stake with the flexible and attractive staking mechanism. Here are some key features that you can expect from HTXMining :

    1. Earn Crypto Staking Rewards While Staying Liquid
    Unlike conventional staking, where assets remain inaccessible for a fixed duration, Liquidity Staking allows users to stake their tokens while still maintaining liquidity. Staked token equivalents are awarded to users who can be efficiently used across any DeFi platform to generate further revenues without interfering with the stake itself.

    2. No Fixed Lock-Up Period
    Liquidity Staking provides users with the freedom to unstake their assets at any time. This adaptability means investors can respond to shifts in the market, seize chances to trade or adjust their investment mix without missing out on potential profits.

    3. Secure and Reliable Staking Infrastructure
    Security is at the core of HTXMining’s staking solutions. The platform incorporates multiple security features including multilayer encryption, decentralized protocols, real-time monitoring, so all these would help in keeping the user’s assets very safe while they are really earning passive income.

    4. Broad Asset Support for Diverse Investment Opportunities
    HTXMining supports a wide range of popular cryptocurrencies for Liquidity Staking. Investors can stake a variety of assets, such as Ethereum (ETH), Solana (SOL), Polkadot (DOT), and others. This allows them to build a diversified staking portfolio while also benefiting from smooth liquidity.

    Why Liquidity Staking is the Future of Crypto Investments

    The cryptocurrency industry is rapidly shifting towards more decentralized and user-friendly financial solutions. Liquidity Staking is going to address the limitations of traditional staking by providing the investors with various offers:

    1. Maximum DR (Daily Rate): Up to 5.5%, to support the users to earn returns based on the annualized percentage from their staked assets

    2. TVL (Total Value Locked): More than $84.7 billion is staked on the platform, demonstrating a high level of trust and engagement from users. This figure represents the total value of assets currently committed.

    3. Easy Participation: You can join by simply clicking “Stake Now” and following the platform’s process to add your funds.

    4. Uninterrupted Earning Potential – Earn passive income without asset lock-ups.

    5. Portfolio Flexibility – Freely move funds while still accumulating crypto staking rewards.

    6. Mitigated Risk Exposure – Access to assets means users can react to market volatility swiftly.

    How to Get Started with HTXMining Liquidity Staking

    HTXMining is the point where Liquidity Staking is brought within reach of even the most layman of users. Investors can follow these easy steps to start earning crypto-staking rewards:

    1. Link Your Wallet: HTXmining accepts 410 wallet types, and the option is entirely open to choose the wallet you trust the most. Simply connect your preferred wallet securely, and you’re ready to take full control of your crypto assets.

    2. Deposit-Supported Cryptocurrencies – Choose from a wide range of supported digital assets for staking.

    3. Initiate Liquidity Staking – Select the Liquidity Staking option and confirm the stake.

    4. Start Earning: Once you’ve picked your preferred staking method, HTXmining’s system will automatically start staking your selected cryptocurrency using pre-configured settings. Following this, you’ll begin generating passive income as your rewards accumulate each day.

    About HTXMining

    HTXMining is one of the standing out crypto staking platforms in 2025 with secure, flexible, and high-yield staking solutions for global investors. The platform is designed to support users at every level, from crypto beginners looking for stable passive income to experienced traders looking for the maximum possible growth for their assets.

    For more information, visit HTXMining Official Website.

    Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involve risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

    Media Contact:

    Paul Winterowd
    HTXMining
    +15757887086
    info@htxmining.com,
    https://htxmining.com/

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c38ffa8e-c580-4e3a-8137-cb70bbcd8373

    The MIL Network –

    March 22, 2025
  • MIL-OSI: SNXCrypto Analysts Predict Bitcoin’s Path to $200,000 Following Historic Price Surge

    Source: GlobeNewswire (MIL-OSI)

    HINDHEAD, United Kingdom, March 21, 2025 (GLOBE NEWSWIRE) — As the cryptocurrency market continues to evolve, experts from SNXCrypto, a professional cryptocurrency platform, analyze the key drivers behind this growth and explore whether Bitcoin could reach $150,000 or even $200,000 in the near future. While some market analysts remain cautious, Bitcoin’s bullish momentum suggests it could continue its upward trajectory.

    The platform’s analysts emphasizes on factors supporting a surge to 150,000 – 200,000

    • Institutional and National Adoption: Increased Bitcoin holdings by major corporations and sovereign wealth funds could further fuel demand.
    • Post-Halving Market Dynamics: Historical data suggests Bitcoin experiences major bull runs within a year after halving events, potentially pushing its price beyond $150,000 by late 2025.
    • Mainstream Financial Integration: As more banks, payment platforms, and fintech companies integrate Bitcoin, its adoption and utility will continue to expand.

    In addition, SNXCrypto enlists various factors driving Bitcoin’s price surge, including;

    • Institutional Adoption at an Unprecedented Scale

    The influx of institutional investors has played a significant role in Bitcoin’s meteoric rise. Major corporations such as Tesla, MicroStrategy, and Square have added Bitcoin to their balance sheets, reinforcing its status as “digital gold.” Meanwhile, leading financial institutions have introduced Bitcoin investment products, enhancing its accessibility for mainstream investors.

    • Bitcoin as an Inflation Hedge

    Amid global economic uncertainty and rising inflation, Bitcoin has emerged as a preferred store of value for investors seeking protection against currency devaluation. With central banks adopting expansionary monetary policies, Bitcoin’s scarcity and decentralized nature make it an attractive alternative to traditional assets.

    • Regulatory Advancements and Market Legitimization

    The cryptocurrency market has witnessed improved regulatory clarity, particularly with the approval of Bitcoin Exchange-Traded Funds (ETFs) in key financial markets. These developments have significantly lowered entry barriers for institutional and retail investors, further legitimizing Bitcoin as a mainstream financial asset.

    • Supply Constraints and the Halving Effect

    Bitcoin’s fixed supply cap of 21 million coins and its quadrennial halving events have historically led to long-term price appreciation. The 2024 Bitcoin halving has already reduced the issuance of new Bitcoin, creating a supply shock that could drive prices higher within the next 12 to 18 months.

    Consequently, Bitcoin’s extraordinary rise from $20,000 to $100,000 underscores its resilience and increasing relevance in the financial world. While market uncertainties persist, factors such as institutional adoption, supply constraints, and regulatory advancements suggest that Bitcoin could reach $150,000 or even $200,000 in the future.

    Investors are advised to consider both bullish and bearish scenarios while staying informed about market dynamics. Regardless of price movements, Bitcoin’s role as a decentralized digital asset remains a cornerstone of the evolving financial landscape.

    About SNXCrypto:

    SNXCrypto is a leading cryptocurrency platform dedicated to providing cutting-edge market insights, real-time data analysis, and investment strategies for both institutional and retail investors. With a team of blockchain experts and financial analysts, SNXCrypto offers in-depth research and professional guidance on Bitcoin, altcoins, and the broader cryptocurrency market.

    For more information and the latest Bitcoin market updates, visit SNXCrypto’s official website.
    Contact Details
    Website: https://snxcrypto.com
    Company: SNXCRYPTO LIMITED
    Contact Person: Sarah Kane
    Country: United Kingdom
    Email: info@snxcrypto.com

    Disclaimer: This press release is provided by SNXCRYPTO LIMITED. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/76b3c668-56d5-4962-a336-49e114e5dab0

    The MIL Network –

    March 22, 2025
  • MIL-OSI Economics: Euro area monthly balance of payments: January 2025

    Source: European Central Bank

    21 March 2025

    • Current account recorded €35 billion surplus in January 2025, down from €38 billion in previous month
    • Current account surplus amounted to €408 billion (2.7% of euro area GDP) in the 12 months to January 2025, up from €280 billion (1.9%) one year earlier
    • In financial account, euro area residents’ net acquisitions of non-euro area portfolio investment securities totalled €677 billion and non-residents’ net acquisitions of euro area portfolio investment securities totalled €784 billion in the 12 months to January 2025

    Chart 1

    Euro area current account balance

    (EUR billions unless otherwise indicated; working day and seasonally adjusted data)

    Source: ECB.

    The current account of the euro area recorded a surplus of €35 billion in January 2025, a decrease of €3 billion from the previous month (Chart 1 and Table 1). Surpluses were recorded for goods (€35 billion), services (€12 billion) and primary income (€ 2 billion). These were partly offset by a deficit for secondary income (€14 billion).

    Table 1

    Current account of the euro area

    Source: ECB.

    Note: Discrepancies between totals and their components may be due to rounding.

    Data for the current account of the euro area

    In the 12 months to January 2025, the current account surplus widened to €408 billion (2.7% of euro area GDP), up from €280 billion (1.9% of euro area GDP) one year earlier. This increase was mainly driven by larger surpluses for goods (up from €296 billion to €380 billion) and for services (up from €122 billion to €163 billion). The primary income surplus (€33 billion) and the secondary income deficit (€168 billion) remained broadly unchanged.

    Chart 2

    Selected items of the euro area financial account

    (EUR billions; 12-month cumulated data)

    Source: ECB.

    Notes: For assets, a positive (negative) number indicates net purchases (sales) of non-euro area instruments by euro area investors. For liabilities, a positive (negative) number indicates net sales (purchases) of euro area instruments by non-euro area investors.

    In direct investment, euro area residents made net investments of €90 billion in non-euro area assets in the 12 months to January 2025, following net disinvestments of €333 billion one year earlier (Chart 2 and Table 2). Non-residents disinvested €107 billion in net terms from euro area assets in the 12 months to January 2025, following net disinvestments of €397 billion one year earlier.

    In portfolio investment, euro area residents’ net purchases of non-euro area equity increased to €134 billion and debt securities to €544 billion in the 12 months to January 2025, up from €74 billion and €406 billion, respectively, one year earlier. Non-residents’ net purchases of euro area equity increased to €334 billion and debt securities to €450 billion in the 12 months to January 2025, up from €201 billion and €419 billion, respectively, one year earlier.

    Table 2

    Financial account of the euro area

    Source: ECB.

    Notes: Decreases in assets and liabilities are shown with a minus sign. Net financial derivatives are reported under assets. “MFIs” stands for monetary financial institutions. Discrepancies between totals and their components may be due to rounding.

    Data for the financial account of the euro area

    In other investment, euro area residents recorded net acquisitions of non-euro area assets amounting to €465 billion in the 12 months to January 2025 (up from €131 billion one year earlier), while they recorded net incurrences of liabilities of €128 billion (following net disposals of €272 billion one year earlier).

    Chart 3

    Monetary presentation of the balance of payments

    (EUR billions; 12-month cumulated data)

    Source: ECB.

    Notes: “MFI net external assets (enhanced)” incorporates an adjustment to the MFI net external assets (as reported in the consolidated MFI balance sheet items statistics) based on information on MFI long-term liabilities held by non-residents, available in b.o.p. statistics. B.o.p. transactions refer only to transactions of non-MFI residents of the euro area. Financial transactions are shown as liabilities net of assets. “Other” includes financial derivatives and statistical discrepancies.

    The monetary presentation of the balance of payments (Chart 3) shows that the net external assets (enhanced) of euro area MFIs increased by €425 billion in the 12 months to January 2025. This increase was driven by the current and capital accounts surplus and, to a lesser extent, by euro area non-MFIs’ net inflows in portfolio investment equity and debt. These developments were partly offset by euro area non-MFIs’ net outflows in direct investment and other investment.

    In January 2025 the Eurosystem’s stock of reserve assets increased to €1,457.5 billion up from €1,394.0 billion in the previous month (Table 3). This increase was mainly driven by positive price changes (€65.6 billion) which were partly offset by net sales of assets (€1.5 billion) and negative exchange rate changes (€0.6 billion).

    Table 3

    Reserve assets of the euro area

    Source: ECB.

    Notes: “Other reserve assets” comprises currency and deposits, securities, financial derivatives (net) and other claims. Discrepancies between totals and their components may be due to rounding.

    Data for the reserve assets of the euro area

    Data revisions

    This press release does not incorporate revisions to previous periods.

    Next releases:

    • Quarterly balance of payments: 04 April 2025 (reference data up to the fourth quarter of 2024)
    • Monthly balance of payments: 16 April 2025 (reference data up to February 2025)

    For media queries, please contact Philippe Rispal, tel.: +49 69 1344 5482.

    Notes

    • Current account data are always seasonally and working day-adjusted, unless otherwise indicated, whereas capital and financial account data are neither seasonally nor working day-adjusted.
    • Hyperlinks in this press release lead to data that may change with subsequent releases as a result of revisions.

    MIL OSI Economics –

    March 22, 2025
  • MIL-OSI Asia-Pac: Hong Kong’s status as international aviation hub attracts French company Elior Group SA to set up Asia headquarters (with photos)

    Source: Hong Kong Government special administrative region

    Hong Kong’s status as international aviation hub attracts French company Elior Group SA to set up Asia headquarters  
    As mentioned in the 2025-26 Budget delivered by the Financial Secretary, under the co-ordination of InvestHK, the AAHK had signed an MoU with a leading overseas professional aeronautic services company to explore the possibility of providing professional services such as aircraft dismantling, parts recycling and related training in Hong Kong, thereby developing Hong Kong into the first aircraft parts processing and trading centre in Asia. The company is Elior Group SA, which is part of Derichebourg SA, a leading business in Europe.
     
    Elior Group SA’s intention to expand its presence in Hong Kong highlights the city’s dynamic business environment and immense growth potential across sectors, including its growing aviation centre of excellence.

    ???The Secretary for Commerce and Economic Development, Mr Algernon Yau, said, “Under the ‘one country, two systems’ arrangement, Hong Kong has a high degree of internationalisation, a favourable business environment, a strategic location, a robust legal framework, and a low tax regime. The city has always been a prime location for foreign investment and international conglomerates. Hong Kong will continue to play its unique role of connecting the Mainland and the world to attract more companies from around the world to set up in the city, aiming to enhance Hong Kong’s status as an international trade and investment hub.”
     
    The Secretary for Transport and Logistics, Ms Mable Chan, said, “The National 14th Five-Year Plan has recognised Hong Kong’s position as an international aviation hub. Leveraging on Hong Kong’s unique advantages under the principle of ‘one country, two systems’, and with our globally connected aviation network and world-class airport infrastructure, Hong Kong is capable of assuming a more important role in the area of aviation, proactively contributing to the high-quality development and high-level opening-up of our country. I am pleased to see that Elior Group SA and the AAHK are exploring the possibility of introducing aircraft parts handling and trading services in Hong Kong, thereby enriching Hong Kong’s position as an international aviation hub and supporting the aviation development of our country as well as the Asian region as a whole.”
     
         The Director-General of Investment Promotion at InvestHK, Ms Alpha Lau, said, “InvestHK has always been committed to attracting foreign direct investment and enabling international investors in developing their businesses in Hong Kong. We are pleased to assist Elior Group SA in setting up an Asian headquarters and expanding its presence here. The signing of this MoU is a testament to global businesses confidence in the Hong Kong market, reaffirming that Hong Kong is the ideal destination for companies to establish or expand their operations in the region.”
     
    Mr Derichebourg said, “Elior Group SA operates a wide range of businesses across 11 countries, covering a variety of industries including aviation, construction and food contracting services. We are grateful for the support provided by the Hong Kong Special Administrative Region Government and InvestHK. We look forward to further developing and exploring new opportunities in Hong Kong, and from here expand across Asia.”
    Issued at HKT 10:00

    NNNN

    Categories24-7, Asia Pacific, Hong Kong, Hong Kong Government special administrative region, MIL OSI

    MIL OSI Asia Pacific News –

    March 22, 2025
  • MIL-OSI Asia-Pac: Import and Export (Amendment) Bill 2025 gazetted

    Source: Hong Kong Government special administrative region

    Import and Export (Amendment) Bill 2025 gazetted 
         A spokesman for the Commerce and Economic Development Bureau said, “The Government is implementing the TSW in three phases to provide a one-stop electronic platform for the trade to lodge business-to-government trade documents for trade declaration and cargo clearance. The Bill aims to provide the legal basis for Phase 3 of the TSW, such that the trade can make use of the system to submit Import and Export Declaration (TDEC), Cargo Manifest as well as applications for Certificate of Origin (CO) and Permit for Dutiable Commodities (DCP).”
     
         At present, the Government Electronic Trading Services (GETS) is the only electronic platform for the submission of TDEC, Cargo Manifest and applications for CO and DCP, which are governed by different pieces of legislation. To implement Phase 3 of the TSW, the Government proposes to make technical amendments to relevant existing legal provisions to replace GETS by the TSW for the submission of those trade documents, and to remove GETS-related provisions from the legislation.
     
         In addition, the Bill makes necessary legislative amendments for some of the Phase 3 services, including the introduction of value-added service provider and its regulatory framework, allowing the trade to submit pre-shipment TDEC and Cargo Manifest on a voluntary basis, the introduction of electronic road Cargo Manifest and the digitalisation of return of licences service. The Bill also includes provisions on transitional arrangements to allow parallel run of TSW Phase 3 and GETS for a certain period of time to provide sufficient time for the trade to migrate to the new system.
     
         “The implementation of the TSW is a major business and operational process reengineering exercise. It overhauls and enhances the document submission workflows between participating government agencies and the trade. At the same time, it enhances the efficiency of cargo clearance in Hong Kong and helps maintain Hong Kong’s status as an international trade centre and a logistics hub. The Government is developing the information system of Phase 3, with the target of rolling out the services by batches from 2026 onwards,” the spokesman added.
     
         The Bill will be introduced into the Legislative Council for first and second readings on April 2.
    Issued at HKT 11:00

    NNNN

    Categories24-7, Asia Pacific, Hong Kong, Hong Kong Government special administrative region, MIL OSI

    MIL OSI Asia Pacific News –

    March 22, 2025
  • MIL-OSI Asia-Pac: Government announces appointments to Communications Authority

    Source: Hong Kong Government special administrative region

    Government announces appointments to Communications Authority 
         The Chief Executive has also reappointed the Permanent Secretary for Commerce and Economic Development as the Vice-chairperson of the CA. In addition, four incumbent members, i.e. Mr Nicholas Chan Hiu-fung, Mr Patrick Law Fu-yuen, Mr Michael Hui Wah-kit and Professor Leung Siu-fai have been reappointed, while Professor Anthony Fung Ying-him and Dr Patrick Tsie Kai-yiu have been appointed as new members. The tenure of the appointments is two years with effect from April 1, 2025.
     
         Commenting on the appointments, the Secretary for Commerce and Economic Development, Mr Algernon Yau, said, “I am pleased that Mr Jenkin Suen has been appointed as the Chairperson of the CA. I believe with Mr Suen’s legal background and wealth of experience in public services, he will be able to lead the CA to discharge its statutory functions as the communications and broadcasting regulator in Hong Kong, with the objectives of safeguarding the interests of the public and promoting the sustainable development of the telecommunications and broadcasting sectors. I would also like to welcome Professor Anthony Fung and Dr Patrick Tsie as new members of the CA. With their extensive experience and professional knowledge in the broadcasting and telecommunications fields respectively, they will surely provide valuable insights for the work of the CA. I am also grateful that Mr Nicholas Chan, Mr Patrick Law, Mr Michael Hui and Professor Leung Siu-fai have accepted reappointment to continue to contribute to the work of the CA.
     
         “I extend my heartfelt gratitude to Ms Winnie Tam for her outstanding contributions during her tenure. Since taking up the chairmanship in 2018, Ms Tam has guided the CA in effectively fulfilling its regulatory functions and roles with remarkable achievements. On the broadcasting front, during her tenure, the CA has relaxed a number of requirements under the broadcasting codes of practice to keep pace with the times, thereby creating a more conducive environment for the sustainable development of the broadcasting industry. In addition, the CA has continued to handle complaints in a fair, impartial and unbiased manner to safeguard public interest. On the communications front, with the rapid advancements in communications technologies over the past few years, the CA has continued to stay ahead in formulating policies to promote communications infrastructure and technology development while maintaining fair competition in the industry, contributing to a solid foundation for Hong Kong as a regional communications hub. I would also like to express my sincere appreciation to the outgoing members Professor Vincent Lau Kin-nang and Mr Simon Wong Kwong-yeung for their contributions to the CA over the past six years,” Mr Yau added.

         Brief profiles of the newly appointed Chairperson and non-official members are as follows:
     
    Mr Jenkin Suen
    ——————-
         Mr Suen was appointed as Senior Counsel in 2019 and is a barrister and an arbitrator in Des Voeux Chambers. He also sits as a Recorder of the Court of First Instance of the High Court. He is currently the Chairman of the Copyright Tribunal and the Pharmacy and Poisons Appeal Tribunal, the Deputy Chairman of the Administrative Appeals Board, and a member of the Criminal and Law Enforcement Injuries Compensation Boards and the Air Transport Licensing Authority. He was previously the Chairman of the Appeal Tribunal Panel (Buildings).——————————————
         Professor Fung is the Dean of Social Science and the Director of the Hong Kong Institute of Asia-Pacific Studies at the Chinese University of Hong Kong. He is currently a co-opted member of the Broadcast Complaints Committee under the CA, as well as a member of the Standing Committee on Language Education and Research and the Steering Committee on Strategic Development of Information Technology in Education. He has formerly served as a member of the Citizens Advisory Committee on Community Relations of the Independent Commission Against Corruption as well as the Radio Television Hong Kong Board of Advisors.
     
    Dr Patrick Tsie Kai-yiu
    —————————-
         Dr Tsie was formerly the Senior Director of Technical Marketing at Qualcomm International, and has previously served as a member appointed on an ad personam basis of the Telecommunications Regulatory Affairs Advisory Committee of the Office of the Communications Authority.
     
         The membership of the CA from April 1, 2025, will be as follows:————
    Mr Jenkin Suen——————
    Permanent Secretary for Commerce and Economic Development—————————
    Dr Hubert Chan Chung-yee
    Mr Nicholas Chan Hiu-fung
    Ms Amy Fung Dun-mi
    Professor Anthony Fung Ying-him
    Mr Michael Hui Wah-kit
    Mr Patrick Law Fu-yuen
    Professor Leung Siu-fai
    Dr Patrick Tsie Kai-yiu
    Ms Wendy Yuen Miu-ling——————–
    Director-General of Communications
    Issued at HKT 11:00

    NNNN

    Categories24-7, Asia Pacific, Hong Kong, Hong Kong Government special administrative region, MIL OSI

    MIL OSI Asia Pacific News –

    March 22, 2025
  • MIL-OSI United Kingdom: Great British Energy announces £10 million for local government

    Source: United Kingdom – Executive Government & Departments

    Press release

    Great British Energy announces £10 million for local government

    Communities to benefit from Great British Energy clean energy partnership with local government.

    • Great British Energy to build clean power in every part of the country, with a new £10 million partnership with metro mayors  
    • local people will see the benefits of homegrown clean power, greater energy security investment, and good jobs as part of government’s Plan for Change  
    • profits can be reinvested in the community or knock money off people’s energy bills  

    The metro mayors will lead the creation of innovative new clean power projects across the country, including rooftop solar, onshore wind and hydropower, with Great British Energy injecting £10 million into new partnerships.

    Great British Energy will work with mayoral strategic authorities across England to build new clean energy projects in communities, with profits knocking money off locals’ energy bills or being reinvested into the community. The funding will help stimulate investment and create good jobs across the country as part of the government’s Plan for Change to deliver clean power by 2030.

    Each mayoral strategic authority in England will be invited to apply for a share of the funding, as part of Great British Energy’s plans to back local energy projects across the UK so communities can reap the benefits.   

    Existing local energy projects are already benefiting communities, and this funding will help projects go further and faster to unlock clean, homegrown power. For example, the Solar Together Consortium that aims to deliver 240 MW of solar capacity across the West Midlands or the solar and battery storage initiative being run by West Yorkshire mayoral combined authority – aiming to deliver 1,500 solar PV and battery storage installations on social housing properties across the region, reducing bills for the residents and helping to tackle fuel poverty.  

    Energy Minister Michael Shanks said: 

    Taking back control of our energy means not only building more solar panels and wind turbines – it also means giving our communities a stake in their own energy supply. 

    We’re backing our metro mayors to bid for a share of £10 million and work with our new publicly owned company Great British Energy to roll out more clean, homegrown power. 

    This could see profits invested back into vital community services and projects, or even money knocked off community buildings bills, giving local services more pounds in their pockets.

    Great British Energy Chair Juergen Maier said: 

    This is the first step in Great British Energy’s work with local communities to help them generate their own energy.  

    Partnering with mayoral authorities will make an immediate impact as we work to roll out clean, homegrown energy projects, crowd in investment and create job opportunities across the country.  

    We will work closely with communities to deliver projects that provide a lasting positive impact for the county – both in delivering opportunities and a cleaner future for the UK.

    Mayor of Greater Manchester Andy Burnham said:  

    Greater Manchester is already powering ahead with plans to capture the benefits and the opportunities of green growth.  

    Our Go Neutral programme is delivering millions of pounds of investment in local renewable energy, generating enough to power 5,500 homes, and we’re supporting schools in our city-region to install solar cells and help cut bills. 

    We’re ready to work with Great British Energy to take these plans to the next level, so we can boost local projects that will help bring down costs and power more of our network with homegrown energy.

    It comes as hundreds of schools, hospitals and communities across the UK get new rooftop solar power and renewable projects to save money on their energy bills, thanks to a further £200 million investment from the UK government and Great British Energy.  This includes nearly £12 million for local authorities and community energy groups. 

    The funding will support the government’s clean power mission as well as helping to rebuild the nation’s public services. It forms Great British Energy’s first local investment, kickstarting the Local Power Plan and ensuring the benefits of this national mission are felt at a local level, with energy security, good jobs and economic growth.   

    Backed by £8.3 billion over this Parliament, Great British Energy will own and invest in clean energy projects across the UK. This will range from supporting community energy – like the local authority and solar schemes announced today – to unlocking significant investment in major clean energy projects that will revitalise the UK’s industrial heartlands with new jobs, alongside securing Britain’s energy supply.  

    Notes to editors 

    Funding will be awarded to projects that can be delivered in the next year, to make an impact as quickly as possible.

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    Updates to this page

    Published 21 March 2025

    MIL OSI United Kingdom –

    March 22, 2025
  • MIL-OSI Europe: Federal Council lowers interest rates for COVID-19 credits

    Source: Switzerland – Department of Finance

    During its meeting on 21 March 2025, the Federal Council decided to lower the interest rates for outstanding COVID-19 credits with effect from 31 March 2025. The interest rate will now be 0.25% for credits up to CHF 500,000 and 0.75% for credits exceeding CHF 500,000.

    MIL OSI Europe News –

    March 21, 2025
  • MIL-OSI United Kingdom: Coming up next week at the London Assembly W/C 24 March

    Source: Mayor of London

    PUBLIC MEETINGS                                                                   

    Tuesday 25 March

    Mayoral Decisions

    Oversight Committee – The Chamber, City Hall, Kamal Chunchie Way, 10am
    The Mayor has published a number of Mayoral Decisions since December 2024.

    The GLA Oversight Committee will question guests on some of these decisions. The Committee will also ask questions on the Mayor’s Annual Equalities reports for 2022-23 and 2023-24.

    The guests are:

    Panel 1 – Mayor’s Annual Equalities Report:

    • Dr Debbie Weekes-Bernard – Deputy Mayor for Communities and Social Justice
    • Tom Rahilly – Assistant Director for Communities and Social Policy, GLA
    • Rupinder Parhar – Head of Equalities, GLA

    Panel 2 – Mayoral Decisions

    • Mostaque Ahmed – Director of Corporate Services, London Fire Brigade
    • Other guests to be confirmed.

    MEDIA CONTACT: Alison Bell on 07887 832 918 / [email protected]

     

    Wednesday 26 March

    Q&A with the Mayor’s Office for Policing and Crime

    Police and Crime Committee – Committee Rooms 2 & 3, City Hall, Kamal Chunchie Way, 10am
    The London Assembly Police and Crime Committee will meet with the Deputy Mayor for Policing and Crime to explore the level and pace of progress made by the Met since the Casey review was published in March 2023 and any updates regarding an independent review of progress.

    The guests are:

    • Kaya Comer-Schwartz, Deputy Mayor for Policing and Crime
    • Kenny Bowie, Director of Strategy and MPS Oversight, Mayor’s Office for Policing and Crime (MOPAC)

    MEDIA CONTACT: Tony Smyth on 07763 251 727 / [email protected]
     

    Financing Housing in London

    Housing Committee – Committee Rooms 2 & 3, City Hall, Kamal Chunchie Way, 2pm
    The Housing Committee will meet to ask how to increase the amount of finance available to build social and affordable housing, the risks of different financing models, and whether private investment can help meet new housebuilding targets.

    Panel 1: 2pm – 3.15pm

    • Will Jeffwitz, Head of Policy, National Housing Federation
    • Josh Ryan-Collins, Professor in Economics and Finance, University College London (UCL) Institute for Innovation and Public Purpose
    • Steve Partridge FCPFA, Director, Head of Housing Consultancy, Savills

    Panel 2: 3.30pm – 4.45pm

    • Bek Seeley, Founder, Place Partners
    • Angela Wood, Deputy Executive Director of Development, Peabody Housing Association
    • Piali Das Gupta, Strategy Director, London’s Future & Places, London Councils

    MEDIA CONTACT: Josh Hunt on 07763 252 310 / [email protected]

     

    Thursday 27 March

    Heathrow Airport – Surface Access

    Transport Committee – The Chamber, City Hall, Kamal Chunchie Way, 2pm
    The Transport Committee will discuss surface access to Heathrow Airport – all the ways in which passengers, communities, colleagues and goods travel to and from the airport – in the context of the proposals for a third runway.

    The guests are:

    • Sophie Chapman, Surface Access Director, Heathrow Airport
    • Tim Leach, Head of Surface Access Strategy and Sponsorship, Heathrow Airport
    • Christina Calderato, Director of Transport Strategy and Policy, Transport for London
    • Marcus Jones, Route Director, Western, Network Rail
    • Anthony Smith, Chair, Heathrow Area Transport Forum

    MEDIA CONTACT: Josh Hunt on 07763 252 310 / [email protected] 

    MIL OSI United Kingdom –

    March 21, 2025
  • MIL-OSI Russia: Rosneft planted almost 11 million trees in 2024

    Translartion. Region: Russians Fedetion –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    In 2024, employees of Rosneft and its subsidiaries planted over 10.7 million tree seedlings of various species, which is almost 30% more than the year before. The total area of forest plantations is comparable to the territory of more than 4.5 thousand football fields.

    Over the past four years, the Company’s enterprises have planted a total of approximately 37 million tree seedlings and saplings, making a significant contribution to the conservation of nature and biological diversity in the Russian Federation.

    March 21 marks the International Day of Forests, which was established by the UN General Assembly to draw attention to the issues of rational use of these natural resources and their importance for our planet.

    Preservation of the environment for future generations is an integral part of the corporate culture and social policy of the Company. Rosneft implements a number of large-scale environmental programs and is a leader in minimizing the impact on the environment and improving the environmental friendliness of production. The Company’s approaches to afforestation and reforestation are presented in the public position “Preserve the Planet for the Benefit of Current and Future Generations: Sustainable Forest Management”.

    In 2024, more than 30 subsidiaries planted seedlings in various regions of the country, including: in the Khanty-Mansi Autonomous Okrug – Yugra, Yamalo-Nenets and Nenets Autonomous Okrugs, the Republic of Sakha (Yakutia), Krasnoyarsk and Stavropol Krais, Tyumen, Saratov, Samara, Sakhalin Oblasts, as well as in Bashkiria and the city of Moscow. The work was carried out both as part of reforestation work and voluntary campaigns – “Green Spring”, “Forest Planting Day”, “Save the Forest” and the International Campaign “Garden of Memory”, dedicated to the memory of those killed in the Great Patriotic War.

    The largest contribution to forest restoration in 2024 was made by RN-Yuganskneftegaz, RN-Purneftegaz, East Siberian Oil and Gas Company, Bashneft, RN-Vankor and Samotlorneftegaz.

    Employees of RN-Yuganskneftegaz, Rosneft’s largest oil-producing asset, planted more than 4.8 million coniferous seedlings during the 2024 growing season. This is 41% more than last year. The green area was about 1,300 hectares.

    Over the past three years, the RN-Purneftegaz company has planted more than 1.2 million pine seedlings on an area of 340 hectares in Yamal.

    The East Siberian Oil and Gas Company has completed reforestation work in the Achinsk and Karatuz forestries of the Krasnoyarsk Territory. The oil workers planted 940 thousand forest seedlings on an area of 300 hectares. The forestry territories grew by 820 thousand Siberian spruce seedlings, 70 thousand Siberian cedar pine seedlings and almost 50 thousand Scots pine seedlings.

    In 2024, Bashneft planted 748 thousand trees on an area of over 200 hectares. This is 45% more than the same indicator last year. The plantings took place in the Republic of Bashkortostan, the Khanty-Mansi Autonomous Okrug – Yugra and the Nenets Autonomous Okrug. Employees of the Company’s enterprises and their family members participate in various environmental campaigns: Green Spring, Forest Planting Day, Save the Forest, hold clean-up days and clean up the coastal zones of rivers, reservoirs and springs, support the Green Office project, and help botanical gardens and zoos.

    RN-Vankor planted about 400 thousand pine seedlings on an area of 182 hectares in the Krasnoyarsk Territory. During the growing season, the seedlings were transported to forestries in special containers that protect future trees from damage and root drying. Pine was chosen for reforestation as one of the forest-forming species – these trees are among the most resistant to winds and adverse conditions, and their root system strengthens the soil. Pines grow quickly and are capable of creating significant forest areas in a short time, which become a habitat for many species of animals and birds, which is of great importance for restoring the natural balance of the taiga.

    In 2024, Samotlorneftegaz employees planted more than 390 thousand pine seedlings on more than 107 hectares. Large-scale work to restore coniferous forests began in 2008. Over 17 years, the district’s forest fund has increased by 2 million trees, which is more than 700 hectares.

    The group’s companies not only plant trees, but also help equip forestry with modern equipment. Thus, in 2024, Samotlorneftegaz transferred domestically produced snow and swamp-going vehicles to forestry in the Khanty-Mansiysk Autonomous Okrug – Yugra. The self-propelled equipment is adapted to work in harsh climatic conditions and will be used for fire patrols, reforestation work, and year-round sanitary control of the forest fund. With the financial support of the enterprise, the material and technical equipment of the aviation and ground forest protection base, which is engaged in the protection and reproduction of the district’s forests, has been improved.

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

    MIL OSI Russia News –

    March 21, 2025
  • MIL-OSI Banking: Threat landscape for industrial automation systems in Q4 2024

    Source: Securelist – Kaspersky

    Headline: Threat landscape for industrial automation systems in Q4 2024

    Statistics across all threats

    In Q4 2024, the percentage of ICS computers on which malicious objects were blocked decreased by 0.1 pp from the previous quarter to 21.9%.

    Percentage of ICS computers on which malicious objects were blocked, by quarter, 2022–2024

    Compared to Q4 2023, the percentage decreased by 2.8 pp.

    The percentage of ICS computers on which malicious objects were blocked during Q4 2024 was highest in October and lowest in November. In fact, the percentage in November 2024 was the lowest of any month in two years.

    Percentage of ICS computers on which malicious objects were blocked, Jan 2023–Dec 2024

    Region rankings

    Regionally, the percentage of ICS computers that blocked malicious objects during the quarter ranged from 10.6% in Northern Europe to 31% in Africa.

    Regions ranked by percentage of ICS computers where malicious objects were blocked, Q3 2024

    Eight of 13 regions saw their percentages increase from the previous quarter.

    Regions and world. Changes in the percentage of attacked ICS computers in Q4 2024

    Selected industries

    The biometrics sector led the surveyed industries in terms of the percentage of ICS computers on which malicious objects were blocked.

    Percentage of ICS computers on which malicious objects were blocked in selected industries

    In Q4 2024, the percentage of ICS computers on which malicious objects were blocked decreased across most industries, with the exception of the construction sector.

    Changes in the percentage of ICS computers on which malicious objects were blocked in selected industries

    Diversity of detected malicious objects

    In Q4 2024, Kaspersky’s protection solutions blocked malware from 11,065 different malware families of various categories on industrial automation systems.

    Percentage of ICS computers on which the activity of malicious objects from various categories was blocked

    Main threat sources

    The internet, email clients and removable storage devices remain the primary sources of threats to computers in an organization’s technology infrastructure. Note that the sources of blocked threats cannot be reliably identified in all cases.

    In Q4 2024, the percentage of ICS computers on which threats from various sources were blocked decreased for all threat sources described in this report. Moreover, all indicators recorded their lowest values for the observed period.

    Percentage of ICS computers on which malicious objects from various sources were blocked

    Threat categories

    Malicious objects used for initial infection

    Malicious objects used for initial infection of ICS computers include dangerous internet resources that are added to denylists, malicious scripts and phishing pages, and malicious documents.

    In the fourth quarter of 2024, the percentage of ICS computers on which malicious documents and denylisted internet resources were blocked decreased to 1.71% (by 0.26 pp) and 5.52% (by 1.32 pp), respectively and reached its lowest level since the beginning of 2022.

    As noted in the Q3 2024 report, the increase in blocked denylisted internet resources was primarily driven by an increase in the number of newly created domain names and IP addresses used by cybercriminals as command-and-control (C2) infrastructure for distributing malware and phishing attacks.

    The decline in the percentage of denylisted internet resources in November–December 2024 was likely influenced not only by proactive threat mitigation measures at various levels – from resource owners and hosting providers to ISPs and law enforcement agencies. Another contributing factor was the tendency of attackers to frequently change domains and IP addresses to evade detection in the initial stages, based on lists of known malicious resources.

    In practice, this means that until a malicious web resource is identified and added to a denylist, it may not immediately appear in threat statistics, leading to an apparent decrease in the percentage of ICS computers on which such resources were blocked.

    However, in Q4, we also saw a rise in the percentage of the next steps in the attack chain – malicious scripts and phishing pages (7.11%), spyware (4.30%), and ransomware (0.21%).

    A significant increase in the percentage of malicious scripts and phishing pages in October was driven by a series of widespread phishing attacks in late summer and early fall 2024, as mentioned in the Q3 2024 report. Threat actors used malicious scripts that executed in the browser, mimicking various windows with CAPTCHA-like interfaces, browser error messages and similar pop-ups to trigger the download of next-stage malware: either the Lumma stealer or the Amadey Trojan.

    Next-stage malware

    Malicious objects used to initially infect computers deliver next-stage malware – spyware, ransomware, and miners – to victims’ computers. As a rule, the higher the percentage of ICS computers on which the initial infection malware is blocked, the higher the percentage for next-stage malware.

    The percentage of ICS computers on which spyware (spy Trojans, backdoors and keyloggers) was blocked increased by 0.39 pp from the previous quarter to 4.30%.

    The percentage of ICS computers on which ransomware was blocked increased by a factor of 1.3 compared to the previous quarter, reaching 0.21%, its highest value in two years.

    The percentage of ICS computers on which miners in the form of executable files for Windows were blocked decreased by 0.01 pp to 0.70%.

    And, the percentage of ICS computers on which web miners were blocked decreased by 0.02 pp to 0.39%, reaching its lowest value in the observed period.

    Self-propagating malware

    Self-propagating malware (worms and viruses) is a category unto itself. Worms and virus-infected files were originally used for initial infection, but as botnet functionality evolved, they took on next-stage characteristics. To spread across ICS networks, viruses and worms rely on removable media, network folders, infected files including backups, and network attacks on outdated software.

    In Q4 2024, the percentage of ICS computers on which worms were blocked increased by 0.07 pp and reached 1,37%. The rate of viruses increased by 0.08 pp to 1.61%.

    AutoCAD malware

    AutoCAD malware is typically a low-level threat, coming last in the malware category rankings in terms of the percentage of ICS computers on which it was blocked.

    In Q4 2024, the percentage of ICS computers on which AutoCAD malware was blocked continued to decrease by losing 0.02 pp and reached 0.38%.

    You can find the full Q3 2024 report on the Kaspersky ICS CERT website.

    MIL OSI Global Banks –

    March 21, 2025
  • MIL-OSI Europe: Federal Council takes note of report on achievement of RUAG International’s objectives in 2024 financial year

    Source: Switzerland – Department of Finance

    During its meeting on 21 March 2025, the Federal Council took note of the report by the Board of Directors of RUAG International Holding AG on the achievement of objectives in the 2024 financial year. By and large, the strategic objectives defined by the Federal Council were achieved. In addition, the Federal Council made initial decisions on the upcoming general meeting and was informed about the impact of the adopted motion on halting the sale of Beyond Gravity.

    MIL OSI Europe News –

    March 21, 2025
  • MIL-OSI Asia-Pac: President Lai meets Alaska Governor Mike Dunleavy

    Source: Republic of China Taiwan

    Details
    2025-03-20
    President Lai attends AmCham Taiwan 2025 Hsieh Nien Fan
    On the evening of March 20, President Lai Ching-te attended the annual Hsieh Nien Fan (謝年飯) banquet hosted by the American Chamber of Commerce in Taiwan (AmCham Taiwan). In remarks, President Lai pointed out that the United States is now a major source of investment in Taiwan, adding that last year US investment accounted for 11.5 percent of total foreign investment in Taiwan. The president also pointed out that the US has become Taiwan’s largest investment destination, as Taiwan’s direct and indirect investment in the US accounted for more than 40 percent of its total outbound investment last year. President Lai expressed hope that AmCham will continue to offer support in quickly resolving the issue of double taxation, further enhancing the mutually beneficial Taiwan-US economic and trade partnership. He also emphasized that one essential element for our economic prosperity is maintaining security and stability, both regionally and globally. The president expressed his belief that, so long as we coordinate our efforts, we can achieve more in our respective defense industries and build non-red supply chains, advancing peace, stability, and prosperity. A transcript of President Lai’s remarks follows: I’m delighted to be here tonight. I want to wish everyone and their families a happy, healthy, and prosperous year ahead. For many years now, AmCham has acted as a bridge between Taiwan and the US. It not only advocates for Taiwan to various sectors in the US, but also offers advice for the development of Taiwan’s industries. So tonight, I would like to express my deepest gratitude to all our friends from the American business community. The 2025 Business Climate Survey, published by AmCham this January, demonstrates the confidence foreign businesses have in the Taiwan market. We are happy to see that over 80 percent of survey respondents reported stable or increased revenue last year, and around 80 percent expressed confidence in Taiwan’s economic prospects for the coming year. Moreover, 90 percent of businesses surveyed are planning to maintain or expand their investments in Taiwan. The positive developments in Taiwan made by our American friends here tonight, their outlook for the future, and their confidence in Taiwan, are further proof of Taiwan’s ideal environment for investment. The US is now a major source of investment in Taiwan. Last year, US investment accounted for 11.5 percent of total foreign investment in Taiwan. In 2023, Entegris opened a new manufacturing facility in Kaohsiung and Micron launched a new facility in Taichung. Last year, Google further solidified Taiwan as its biggest R&D hub outside of the US by opening a new office here. AMD, Nvidia, and major cloud computing companies from the US have also been choosing Taiwan to expand their presence. Over the past several years, the US has also become Taiwan’s largest investment destination. Taiwan’s direct and indirect investment in the US accounted for more than 40 percent of our total outbound investment last year. Four years ago, TSMC’s [Taiwan Semiconductor Manufacturing Company] investment in facilities in Arizona became the biggest FDI [foreign direct investment] in a greenfield project in US history. And this month, TSMC announced it would expand that investment, breaking another record and highlighting the enduring prosperity shared by Taiwan and the US. In addition to TSMC, Taiwan’s GlobalWafers has built a 12-inch silicon wafer factory in Texas, the biggest in the US. This will be followed by many other industries. These companies are confidently expanding their global presence across the Pacific and eastward into the Americas. The US is moving to reindustrialize its manufacturing industry and consolidate high-tech leadership, as it moves to become a global AI hub. In these efforts, Taiwan is an indispensable partner for the US. While the US is a leader in chip design, Taiwan’s semiconductor manufacturing plays an irreplaceable part in the supply chain. Adapting to the changing geopolitical landscape and the coming era of smart technology, Taiwan will continue to promote its Five Trusted Industry Sectors of semiconductors, AI, military, next-gen communications, and security and surveillance. This will drive the next stage in our economic development. A great time to invest in Taiwan is now. We will continue to better connect relevant government agencies and align with international standards to foster a friendlier investment environment. And I am confident that Taiwanese and American companies can leverage their respective high-tech expertise and invest in each other, boosting growth in industrial innovation and development for both our economies. At the same time, we hope to continue deepening Taiwan-US trade relations. Last year, Taiwan was the seventh largest trading partner of the US, up one spot from the previous year, and bilateral trade grew by 24.2 percent. Taiwan is going to expand procurement from the US of industrial and agricultural products, as well as natural gas. I am very happy to welcome Governor [Mike] Dunleavy of Alaska, who has specially come all the way to Taiwan. Alaska is a source of high-quality natural gas, and its relatively short distance from Taiwan facilitates transportation. So we are very interested in buying Alaskan natural gas because it can meet our needs and ensure our energy security. We hope that AmCham will continue to offer support in quickly resolving the issue of double taxation and removing tax barriers to bilateral investment and trade, further enhancing the mutually beneficial Taiwan-US economic and trade partnership. One essential element for our economic prosperity is maintaining security and stability, both regionally and globally. So we are grateful for the joint leaders’ statement issued by [US] President [Donald] Trump and Japan’s Prime Minister Ishiba Shigeru, in which they expressed their solid support for maintaining peace and stability across the Taiwan Strait. As we face growing authoritarianism, Taiwan will continue to uphold our values of freedom and democracy and will be a responsible actor in regional and global security. Currently, Taiwan’s defense budget stands at about 2.5 percent of GDP. Going forward, the government will prioritize special budget allocations to ensure that our defense budget exceeds 3 percent of GDP. At the same time, we will continue to reform national defense, further enhancing Taiwan’s self-defense capabilities. And we will advance our cooperation with the US and other democracies in upholding regional stability and prosperity. We also welcome continued Taiwan-US cooperation in the defense sector. I believe that, so long as we coordinate our efforts, we can achieve more in our respective defense industries and build non-red supply chains, advancing peace, stability, and prosperity. In closing, I look forward to seeing even greater achievements from Taiwan-US economic and trade cooperation. Thank you. After remarks, President Lai, AmCham Chairperson Dan Silver, American Institute in Taiwan Taipei Office Director Raymond Greene, and Governor Dunleavy raised their glasses in recognition of the strong Taiwan-US friendship.  

    Details
    2025-03-18
    President Lai meets Arizona Governor Katie Hobbs  
    On the afternoon of March 18, President Lai Ching-te met with a delegation led by Arizona Governor Katie Hobbs. In remarks, President Lai said that Taiwan and Arizona enjoy close economic and trade relations, and expressed hope that through our joint efforts, Arizona will become a shining example for Taiwan-United States high-tech collaboration and the creation of non-red supply chains. The president indicated that the next goal for Taiwan and the US is the signing of an agreement for the avoidance of double taxation, which would provide greater incentives for Taiwanese businesses to invest in the US, facilitate the establishment of more comprehensive industry clusters, and generate more job opportunities, representing a win-win outcome for Taiwan-US relations. A translation of President Lai’s remarks follows: I warmly welcome you all to the Presidential Office. Governor Hobbs previously visited Taiwan after taking office in 2023. Her leading a delegation to Taiwan once again demonstrates Arizona’s continued friendship and the importance Arizona attaches to Taiwan. For this, I express my sincerest gratitude, and I welcome you again. In recent years, ties between Taiwan and Arizona have continued to expand and progress. For example, Taiwan Semiconductor Manufacturing Company (TSMC)’s investment in Arizona is the largest greenfield investment in US history. This month, TSMC announced that it would increase its investment in the US by US$100 billion. It plans to build more semiconductor fabrication and research and development facilities in greater Phoenix, transforming the area into a US semiconductor hub. Due to our close industrial engagement, we now have more than 30,000 Taiwanese living in Arizona. I would like to thank Governor Hobbs for taking care of Taiwanese businesses and people. I believe that through our joint efforts, Arizona will become a shining example for Taiwan-US high-tech collaboration and the creation of non-red supply chains. Taiwan and Arizona also enjoy close economic and trade relations. Taiwan is Arizona’s eighth largest export market and fifth largest source of imports. Last December, the first agreement under the Taiwan-US Initiative on 21st-Century Trade officially came into effect. I believe this will help further deepen our trade and economic ties. At present, the next goal for Taiwan and the US is the signing of an agreement for the avoidance of double taxation. I hope that we can work together to achieve this goal as soon as possible. This would provide greater incentives for Taiwanese businesses to invest in the US, facilitate the establishment of more comprehensive local industry clusters, and generate more job opportunities, representing a win-win outcome. With Governor Hobbs’s support, we look forward to continuing to advance Taiwan-US relations and promoting further cooperation and exchanges between Taiwan and Arizona across all domains. I understand that during this visit, you have visited many important companies and exchanged opinions with government agencies on how to strengthen bilateral relations. These efforts all go toward building an even more solid foundation for future Taiwan-US cooperation. Once again, I thank you all for supporting Taiwan and welcome you to visit us often in the future. Governor Hobbs then delivered remarks, stating that under President Lai’s leadership, Taiwan continues to thrive as a global hub for technology, innovation, and advanced manufacturing. She said that she is proud to be back in Taiwan alongside her secretary of commerce, Sandra Watson, as part of a diplomatic and economic delegation from Arizona. Since arriving, she said, they’ve hit the ground running, meeting with key partners, businesses, and leaders, noting that the takeaway from their meetings has been incredibly positive, and that they underscore the strong and enduring partnership between Arizona and Taiwan. Adding that our partnership that is built on shared values, mutual cultural appreciation, and commitment to innovation and economic growth, Governor Hobbs indicated that Arizona and Taiwan’s partnership extends back decades, as Taiwanese fighter pilots have been training at Luke Air Force Base in Phoenix since 1996. She said that we have built a strong base of collaboration across many areas, including technology, workforce, and cultural exchange, and that Arizona is even slated to get its own Din Tai Fung (鼎泰豐), which she expressed she is very thrilled about. Governor Hobbs went on to say that Arizona’s relationship with Taiwan is anchored by its ongoing partnership with TSMC and many Taiwan-based companies in semiconductor and other industries, and that TSMC’s US$165 billion investment in Arizona will help power development of the world’s most advanced technology, such as AI, and promises to cement an unbreakable bond between our two economies.  She stated that as governor, she can say with confidence that her administration is fully committed to strengthening this relationship in every way possible, because when Arizona and Taiwan succeed, we all succeed. Lastly, Governor Hobbs once again expressed gratitude to President Lai and the people of Taiwan for their warm hospitality. She then invited President Lai to Arizona to continue their productive conversations and further strengthen ties between our people and our economies, adding that she knows there is no limit to what we can achieve together, and that she is looking forward to what is to come. The delegation was accompanied to the Presidential Office by American Institute in Taiwan Taipei Office Director Raymond Greene.

    Details
    2025-03-18
    President Lai meets delegation led by Minister of Foreign Affairs Denzil Douglas of Saint Christopher and Nevis
    On the afternoon of March 18, President Lai Ching-te met with a delegation led by Minister of Foreign Affairs Denzil Douglas of the Federation of Saint Christopher and Nevis. In remarks, President Lai thanked St. Kitts and Nevis for speaking up for Taiwan at major international venues and supporting Taiwan’s international participation. The president expressed hope that our two countries continue to achieve remarkable results through cooperation in such fields as education and training, agricultural development, women’s empowerment, and environmental sustainability, and create even greater well-being for our peoples. A translation of President Lai’s remarks follows: I welcome Minister Douglas and our esteemed guests to Taiwan. Last June, Minister Douglas accompanied Prime Minister Terrance Drew and his wife on their trip to Taiwan. I am delighted to be able to meet and exchange views with Minister Douglas again less than one year later. Your presence fully demonstrates the profound bond between Taiwan and St. Kitts and Nevis. I look forward to the further deepening of our partnership through our exchanges during this visit. Although our two nations are separated by a great distance, we share such universal values as democracy, freedom, and respect for human rights. We also continue to achieve remarkable results through cooperation in such fields as education and training, agricultural development, women’s empowerment, and environmental sustainability. Given that Prime Minister Drew, Minister Douglas, and I all share medical backgrounds, we deeply understand the importance of people’s health. I thus look forward to St. Kitts and Nevis’s climate-smart JNF General Hospital commencing operations as soon as possible thanks to our cooperation. The provision of even higher-quality public health and medical services will yield benefits for many more people. I also believe that by having Taiwan share its experiences in renewable energy and energy-saving technologies, our two countries will jointly drive green industrial transformation and stimulate sustainable development together. I would like to take this opportunity to thank St. Kitts and Nevis for actively speaking up for Taiwan and supporting Taiwan’s participation at such major international venues and organizations as the United Nations General Assembly, the World Health Organization, and the International Civil Aviation Organization. In the future, Taiwan will continue to make critical contributions to the international community. With the support of Minister Douglas and our guests, I look forward to our two countries backing each other on the global stage and continuing to build an even stronger foundation for bilateral cooperation. Let us work together to address the various challenges we face and create even greater well-being for our peoples. Minister Douglas then delivered remarks, first conveying greetings from Prime Minister Drew to President Lai, the government, and the people of Taiwan. He then stated that over the last 41 years since the dawn of their nationhood, the Republic of China Taiwan has steadfastly walked beside St. Kitts and Nevis as a strong and immovable partner. As we reflect on four decades of our journey together, he said, we recognize the unswerving and unwavering spirit that has guided both our nations through trials and challenges. The minister then acknowledged the generous support of Taiwan’s government that has helped St. Kitts and Nevis in its own economic and social development. He went on to say that Taiwan’s partnership with St. Kitts and Nevis has been instrumental in helping them achieve the goals of their sustainable island state agenda. Whether in enhancing food security through the diversification of their agricultural sector, fostering clean energy solutions through the solar PV farm, or advancing healthcare through assistance in building their smart hospital, he said, Taiwan has been a steadfast partner in shaping a much more resilient and sustainable future for the people of their federation. In the spirit of reciprocity and solidarity, Minister Douglas said, St. Kitts and Nevis continues to leverage opportunities on the global stage to request incessantly that Taiwan be given its rightful place in international organizations, where it can make a meaningful contribution to resolving the world’s most critical issues. Minister Douglas indicated that the global challenges we face today demand collective action, and that Taiwan has the innovation, the technology, the knowledge, and the expertise to make a tremendous positive impact on some of the world’s most urgent issues. He said that St. Kitts and Nevis will never grow weary in their own support, but shall continue to sound the clarion call of “let Taiwan in,” as well as advocate for peace to be maintained in the Taiwan Strait. To close, Minister Douglas expressed gratitude for the warm hospitality bestowed upon him and his delegation by Taiwan’s government, remarking that the engagements they had thus far were pregnant with promise, and that they are confident in witnessing a fruitful outcome as we work together to build a prosperous and sustainable future for our peoples. The delegation also included Permanent Secretary in the Ministry of Foreign Affairs Kaye Bass, Permanent Secretary of Economic Development and Investment Adina Richards, and Director in the Ministry of International Trade Sean Lawrence. The delegation was accompanied to the Presidential Office by St. Kitts and Nevis Ambassador Donya L. Francis.

    Details
    2025-03-18
    President Lai meets 2025 Yushan Forum participants
    On the afternoon of March 18, President Lai Ching-te met with participants in the 2025 Yushan Forum. In remarks, President Lai thanked the guests for gathering here in Taiwan and discussing ways to enhance regional cooperation, demonstrating that our democratic allies and friends are standing together as we take on the challenges of a new world and a new era. The president reiterated that Taiwan will continue to engage with the world, and we welcome the world to come closer to Taiwan. He stated that Taiwan will continue to work with international partners to deepen cooperation, exchanges, and partnership in various domains and resist the expansion of authoritarianism. Together, the president emphasized, we can pursue regional peace and security and realize a new vision for a free and open, stable and prosperous Indo-Pacific. A translation of President Lai’s remarks follows: I would like to begin by thanking Anders Fogh Rasmussen, former prime minister of Denmark and chairman of the Alliance of Democracies Foundation, for inviting then-President Tsai Ing-wen to address the Copenhagen Democracy Summit via video over five consecutive years since 2020, and for inviting myself to give remarks via video last year. Those opportunities allowed Taiwan to share with the world our motivation for, and our work toward, safeguarding freedom and democracy. I would also like to thank Mr. Janez Janša, former prime minister of the Republic of Slovenia, who has visited Taiwan many times already, for actively elevating the cordial ties between Taiwan and Slovenia during his term as prime minister, helping expand friendship for Taiwan throughout Europe. Today’s guests have traveled a long way to show their strong backing for Taiwan. For this, I express my deepest gratitude. Yesterday was my first time attending the Yushan Forum as president. I saw political leaders and representatives gather here in Taiwan and discuss ways to enhance regional cooperation. The event demonstrated that our democratic allies and friends are standing together as we take on the challenges of a new world and a new era. It was truly moving. As I stated at the opening ceremony, Taiwan will continue to engage with the world, and we welcome the world to come closer to Taiwan. Our government will help guide Taiwanese small- and medium-sized enterprises as they expand into the international market and extend Taiwan’s economic power. I hope that during this visit, our guests will be able to explore more opportunities for cooperation in such fields as AI, smart healthcare, and advanced technologies, and join hands in contributing to the prosperity and development of our democratic allies and friends. Taiwan will continue to work with international partners, building upon the shared values of freedom and democracy, to deepen cooperation, exchanges, and partnership in various domains and resist the expansion of authoritarianism. Together, we can pursue regional peace and security and realize a new vision for a free and open, stable and prosperous Indo-Pacific. And I hope, with the assistance of our guests here today, that we can further strengthen the ties between Taiwan and Europe so that we can all take up the work of maintaining global peace and stability. Once again, I welcome our guests to Taiwan. I look forward to hearing your thoughts in a few moments. I also hope you will visit Taiwan often in the future and continue to experience our vibrant democratic society and culture. Chairman Rasmussen then delivered remarks, saying that it is a great pleasure to be back here in Taipei after meeting with President Lai in 2023. He then thanked President Lai for the Taiwanese hospitality on behalf of the Yushan Forum international visitors and participants, who represent four continents and very different political parties but who are united by one thing – the commitment to democracy. Chairman Rasmussen mentioned that over the past few days, they have met with members of the government, legislature, and civil society in Taiwan. He said that he is more convinced than ever that in a very uncertain world, Taiwan continues to stand as a beacon of democracy, from which people in Europe and in the rest of the world have a lot to learn. Over the past eight years, he has been proud to step up his engagement with Taiwan, he said, as he has always subscribed to the view that freedom must advance everywhere, or else it is in decline everywhere. Chairman Rasmussen noted that they have many interests in making sure Taiwan remains free and that we must always stand up for freedom when it is under assault by a dictator. This is why Ukraine’s fight is also everyone’s fight, he explained. He then praised Taiwan for all of the support it has given to Ukraine since Russia’s invasion and honored the two Taiwanese volunteer soldiers who gave their lives for freedom in Ukraine. Chairman Rasmussen remarked that Taiwan is a strong feature of the Copenhagen Democracy Summit that he convenes each year. His foundation, the Alliance of Democracies, has even been sanctioned by the Chinese government due to its support of Taiwan, he said, which is something he takes as a badge of honor. He added that this year’s Copenhagen Democracy Summit in May will be no different, as they plan to focus on the new world order, urgent measures to strengthen Europe’s military, and the situation in Ukraine. But as the United States pulls back from the transatlantic alliance and Europe focuses more on its own defense, he said, Europe should not retreat from the world. He added that to ensure European security, we need more Europe in the Indo-Pacific, and that is why he has been making the argument for more political and economic cooperation with Taiwan. Chairman Rasmussen praised President Lai’s recent decision to increase Taiwan’s national defense budget to more than 3 percent of GDP, adding that it is important that each nation does what it can for its own defense. The chairman once again thanked President Lai for meeting with them today and for the opportunity to visit Taiwan, a beacon of democracy and liberty in Asia. Also in attendance at the meeting were Chairman of the Czech Senate Committee on Foreign Affairs, Defence and Security Pavel Fischer; Member of the National Security Advisory Board to India’s National Security Council Anshuman Tripathi; former Minister of Foreign Affairs of Poland Anna Fotyga; former Minister of Health of Canada Tony Clement; and former Vice-Minister of Foreign Affairs of the Republic of Lithuania and current Secretary General of the Polish-based Community of Democracies Mantas Adomėnas.

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    2025-03-17
    President Lai meets Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji
    On the afternoon of March 17, President Lai Ching-te met with a delegation led by Japanese House of Representatives Member and Japan-ROC Diet Members’ Consultative Council Chairman Furuya Keiji. In remarks, President Lai thanked the Consultative Council for doing its utmost to strengthen the relationship between Taiwan and Japan. He also stated that Taiwan and Japan are both part of the first island chain’s key line of defense, and in addition to continuing to bolster its economic strength and enhance its self-defense capabilities, Taiwan will work together with Japan and other like-minded countries to promote regional and global democracy, peace, and prosperity. A translation of President Lai’s remarks follows: I would like to extend a warm welcome to Chairman Furuya, who is visiting us once again. I am also delighted to meet House of Councillors Member Yamamoto Junzo and House of Representatives Member Hiranuma Shojiro today. Although the Japanese Diet is currently in session, our distinguished guests overcame many hurdles and organized a delegation to attend the 2025 Yushan Forum and deliver speeches, providing valuable insights into issues of mutual concern in the Indo-Pacific region and demonstrating the support for Taiwan in the Diet. Here, I would like to express my deepest gratitude. During the Yushan Forum, it was especially inspiring when Chairman Furuya spoke Taiwanese when he emphasized that “if Taiwan has a problem, then Japan has a problem.” Over the past few years under Chairman Furuya’s leadership, the Consultative Council has done its utmost to strengthen the relationship between Taiwan and Japan. In addition to passing resolutions every year supporting Taiwan’s participation in the World Health Organization and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the council has established four internal research groups regarding the CPTPP, exchanges for women legislators, encouraging local-level exchanges, and the Taiwan Relations Act, using an issue-oriented approach to deepen Taiwan-Japan relations. Thanks to the Consultative Council’s long-term assistance and promotional efforts, the Japanese Ministry of Justice has announced that beginning this May, members of the Taiwanese overseas community in Japan included in the country’s family registry system may list “Taiwan” in the field designating their nationality or region of origin. This demonstrates the friendly relations between Taiwan and Japan, and the Taiwanese people will always remember the council’s continued concrete actions in support of Taiwan. In his remarks at the Yushan Forum today, Chairman Furuya mentioned that there are many areas in which Taiwan and Japan can engage in industrial cooperation. We can continue to deepen our partnership in semiconductors, energy, AI, unmanned aerial vehicles, and other areas related to economic security and supply chain resilience, all of which have significant room for cooperation, creating win-win situations for both Taiwan and Japan. As authoritarianism consolidates, democratic nations must come closer in solidarity. Taiwan and Japan are both part of the first island chain’s key line of defense. In addition to bolstering our economic strength and enhancing our self-defense capabilities, Taiwan will also work with Japan and other like-minded countries to promote regional and global democracy, peace, and prosperity. All of our distinguished guests are good friends of Taiwan, and are very familiar with Taiwan. I hope to continue working together with you all to carry Taiwan-Japan relations to an even higher level. Chairman Furuya then delivered remarks, first thanking President Lai for taking time out of his busy schedule to see them. He then noted that Japan, Taiwan, and quite a few other nations around the world changed leaders last year, and conditions around the world are becoming increasingly unstable. One cannot see what the world will be like a few years from now, he said, which is why he is counting so heavily on the strong leadership of President Lai. Chairman Furuya said that, in addition to collaboration in foreign affairs and security matters, economic cooperation between Taiwan and Japan is also very important. He mentioned new technologies, and said he had spoken quite a bit on the topic that very morning at the Yushan Forum. The clearest example, he said, is the establishment by Taiwan Semiconductor Manufacturing Company of a wafer plant in Japan’s Kumamoto Prefecture, which has sparked robust economic activity. He added that cooperation addressing such matters as cyberattacks and supply chain resilience is also very important. Chairman Furuya noted that President Lai had mentioned in his remarks that beginning from May, Taiwanese overseas community members in Japan will be able to list “Taiwan” on their family registers. The chairman expressed his view that this is not a foreign affairs issue, but rather a human rights issue for the Taiwanese people, and an excellent way to show respect for Taiwan. He further noted President Lai’s mentioning of the four research groups that the Consultative Council has established, and said that these groups will ramp up their work. He also expressed hope that Taiwan and Japan will work together to address challenges that face both countries, such as issues pertaining to democracy and peace in the Taiwan Strait, so that they can together push for international peace and stability. Chairman Furuya stated that reciprocal visits by Taiwanese and Japanese people reached an all-time high last year. He said that in the future, in addition to further promoting local exchanges between the two countries, he also hopes that Japanese middle school and high school students planning to go on overseas study trips will choose Taiwan as their destination, because he feels that any student who visits Taiwan will become a fan of this place. Also in attendance was Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-03-13
    President Lai holds press conference following high-level national security meeting
    On the afternoon of March 13, President Lai Ching-te convened a high-level national security meeting, following which he held a press conference. In remarks, President Lai introduced 17 major strategies to respond to five major national security and united front threats Taiwan now faces: China’s threat to national sovereignty, its threats from infiltration and espionage activities targeting Taiwan’s military, its threats aimed at obscuring the national identity of the people of Taiwan, its threats from united front infiltration into Taiwanese society through cross-strait exchanges, and its threats from using “integrated development” to attract Taiwanese businesspeople and youth. President Lai emphasized that in the face of increasingly severe threats, the government will not stop doing its utmost to ensure that our national sovereignty is not infringed upon, and expressed hope that all citizens unite in solidarity to resist being divided. The president also expressed hope that citizens work together to increase media literacy, organize and participate in civic education activities, promptly expose concerted united front efforts, and refuse to participate in any activities that sacrifice national interests. As long as every citizen plays their part toward our nation’s goals for prosperity and security, he said, and as long as we work together, nothing can defeat us. A translation of President Lai’s remarks follows: At many venues recently, a number of citizens have expressed similar concerns to me. They have noticed cases in which members of the military, both active-duty and retired, have been bought out by China, sold intelligence, or even organized armed forces with plans to harm their own nation and its citizens. They have noticed cases in which entertainers willingly followed instructions from Beijing to claim that their country is not a country, all for the sake of personal career interests. They have noticed how messaging used by Chinese state media to stir up internal opposition in Taiwan is always quickly spread by specific channels. There have even been individuals making careers out of helping Chinese state media record united front content, spreading a message that democracy is useless and promoting skepticism toward the United States and the military to sow division and opposition. Many people worry that our country, as well as our hard-won freedom and democracy and the prosperity and progress we achieved together, are being washed away bit by bit due to these united front tactics. In an analysis of China’s united front, renowned strategic scholar Kerry K. Gershaneck expressed that China plans to divide and conquer us through subversion, infiltration, and acquisition of media, and by launching media warfare, psychological warfare, and legal warfare. What they are trying to do is to sow seeds of discord in our society, keep us occupied with internal conflicts, and cause us to ignore the real threat from outside. China’s ambition over the past several decades to annex Taiwan and stamp out the Republic of China has not changed for even a day. It continues to pursue political and military intimidation, and its united front infiltration of Taiwan’s society grows ever more serious. In 2005, China promulgated its so-called “Anti-Secession Law,” which makes using military force to annex Taiwan a national undertaking. Last June, China issued a 22-point set of “guidelines for punishing Taiwan independence separatists,” which regards all those who do not accept that “Taiwan is part of the People’s Republic of China” as targets for punishment, creating excuses to harm the people of Taiwan. China has also recently been distorting United Nations General Assembly Resolution 2758, showing in all aspects China’s increasingly urgent threat against Taiwan’s sovereignty. Lately, China has been taking advantage of democratic Taiwan’s freedom, diversity, and openness to recruit gangs, the media, commentators, political parties, and even active-duty and retired members of the armed forces and police to carry out actions to divide, destroy, and subvert us from within. A report from the National Security Bureau indicates that 64 persons were charged last year with suspicion of spying for China, which was three times the number of persons charged for the same offense in 2021. Among them, the Unionist Party, Rehabilitation Alliance Party, and Republic of China Taiwan Military Government formed treasonous organizations to deploy armed forces for China. In a democratic and free society, such cases are appalling. But this is something that actually exists within Taiwan’s society today. China also actively plots ways to infiltrate and spy on our military. Last year, 28 active-duty and 15 retired members of the armed forces were charged with suspicion of involvement in spying for China, respectively comprising 43 percent and 23 percent of all of such cases – 66 percent in total. We are also alert to the fact that China has recently used widespread issuance of Chinese passports to entice Taiwanese citizens to apply for the Residence Permit for Taiwan Residents, permanent residency, or the Resident Identity Card, in an attempt to muddle Taiwanese people’s sense of national identity. China also views cross-strait exchanges as a channel for its united front against Taiwan, marking enemies in Taiwan internally, creating internal divisions, and weakening our sense of who the enemy really is. It intends to weaken public authority and create the illusion that China is “governing” Taiwan, thereby expanding its influence within Taiwan. We are also aware that China has continued to expand its strategy of integrated development with Taiwan. It employs various methods to demand and coerce Taiwanese businesses to increase their investments in China, entice Taiwanese youth to develop their careers in China, and unscrupulously seeks to poach Taiwan’s talent and steal key technologies. Such methods impact our economic security and greatly increase the risk of our young people heading to China. By its actions, China already satisfies the definition of a “foreign hostile force” as provided in the Anti-Infiltration Act. We have no choice but to take even more proactive measures, which is my purpose in convening this high-level national security meeting today. It is time we adopt proper preventive measures, enhance our democratic resilience and national security, and protect our cherished free and democratic way of life. Next, I will be giving a detailed account of the five major national security and united front threats Taiwan now faces and the 17 major strategies we have prepared in response. I. Responding to China’s threats to our national sovereignty We have a nation insofar as we have sovereignty, and we have the Republic of China insofar as we have Taiwan. Just as I said during my inaugural address last May, and in my National Day address last October: The moment when Taiwan’s first democratically elected president took the oath of office in 1996 sent a message to the international community, that Taiwan is a sovereign, independent, democratic nation. Among people here and in the international community, some call this land the Republic of China, some call it Taiwan, and some, the Republic of China Taiwan. The Republic of China and the People’s Republic of China are not subordinate to each other, and Taiwan resists any annexation or encroachment upon our sovereignty. The future of the Republic of China Taiwan must be decided by its 23 million people. This is the status quo that we must maintain. The broadest consensus in Taiwanese society is that we must defend our sovereignty, uphold our free and democratic way of life, and resolutely oppose annexation of Taiwan by China. (1) I request that the National Security Council (NSC), the Ministry of National Defense (MND), and the administrative team do their utmost to promote the Four Pillars of Peace action plan to demonstrate the people’s broad consensus and firm resolve, consistent across the entirety of our nation, to oppose annexation of Taiwan by China. (2) I request that the NSC and the Ministry of Foreign Affairs draft an action plan that will, through collaboration with our friends and allies, convey to the world our national will and broad social consensus in opposing annexation of Taiwan by China and in countering China’s efforts to erase Taiwan from the international community and downgrade Taiwan’s sovereignty. II. Responding to China’s threats from infiltration and espionage activities targeting our military (1) Comprehensively review and amend our Law of Military Trial to restore the military trial system, allowing military judges to return to the frontline and collaborate with prosecutorial, investigative, and judicial authorities in the handling of criminal cases in which active-duty military personnel are suspected of involvement in such military crimes as sedition, aiding the enemy, leaking confidential information, dereliction of duty, or disobedience. In the future, criminal cases involving active-duty military personnel who are suspected of violating the Criminal Code of the Armed Forces will be tried by a military court. (2) Implement supporting reforms, including the establishment of a personnel management act for military judges and separate organization acts for military courts and military prosecutors’ offices. Once planning and discussion are completed, the MND will fully explain to and communicate with the public to ensure that the restoration of the military trial system gains the trust and full support of society. (3) To deter the various types of controversial rhetoric and behavior exhibited by active-duty as well as retired military personnel that severely damage the morale of our national military, the MND must discuss and propose an addition to the Criminal Code of the Armed Forces on penalties for expressions of loyalty to the enemy as well as revise the regulations for military personnel and their families receiving retirement benefits, so as to uphold military discipline. III. Responding to China’s threats aimed at obscuring the national identity of the people of Taiwan (1) I request that the Ministry of the Interior (MOI), Mainland Affairs Council (MAC), and other relevant agencies, wherever necessary, carry out inspections and management of the documents involving identification that Taiwanese citizens apply for in China, including: passports, ID cards, permanent residence certificates, and residence certificates, especially when the applicants are military personnel, civil servants, or public school educators, who have an obligation of loyalty to Taiwan. This will be done to strictly prevent and deter united front operations, which are performed by China under the guise of “integrated development,” that attempt to distort our people’s national identity. (2) With respect to naturalization and integration of individuals from China, Hong Kong, and Macau into Taiwanese society, more national security considerations must be taken into account while also attending to Taiwan’s social development and individual rights: Chinese nationals applying for permanent residency in Taiwan must, in accordance with the law of Taiwan, relinquish their existing household registration and passport and may not hold dual identity status. As for the systems in place to process individuals from Hong Kong or Macau applying for residency or permanent residency in Taiwan, there will be additional provisions for long-term residency to meet practical needs. IV. Responding to China’s threats from united front infiltration into Taiwanese society through cross-strait exchanges  (1) There are increasing risks involved with travel to China. (From January 1, 2024 to today, the MAC has received reports of 71 Taiwanese nationals who went missing, were detained, interrogated, or imprisoned in China; the number of unreported people who have been subjected to such treatment may be several times that. Of those, three elderly I-Kuan Tao members were detained in China in December of last year and have not yet been released.) In light of this, relevant agencies must raise public awareness of those risks, continue enhancing public communication, and implement various registration systems to reduce the potential for accidents and the risks associated with traveling to China. (2) Implement a disclosure system for exchanges with China involving public officials at all levels of the central and local government. This includes everyone from administrative officials to elected representatives, from legislators to village and neighborhood chiefs, all of whom should make the information related to such exchanges both public and transparent so that they can be accountable to the people. The MOI should also establish a disclosure system for exchanges with China involving public welfare organizations, such as religious groups, in order to prevent China’s interference and united front activities at their outset. (3) Manage the risks associated with individuals from China engaging in exchanges with Taiwan: Review and approval of Chinese individuals coming to Taiwan should be limited to normal cross-strait exchanges and official interactions under the principles of parity and dignity, and relevant factors such as changes in the cross-strait situation should be taken into consideration. Strict restrictions should be placed on Chinese individuals who have histories with the united front coming to Taiwan, and Chinese individuals should be prohibited from coming to Taiwan to conduct activities related in any way to the united front. (4) Political interference from China and the resulting risks to national security should be avoided in cross-strait exchanges. This includes the review and management of religious, cultural, academic, and education exchanges, which should in principle be depoliticized and de-risked so as to simplify people-to-people exchanges and promote healthy and orderly exchanges. (5) To deter the united front tactics of a cultural nature employed by Chinese nationals to undermine Taiwan’s sovereignty, the Executive Yuan must formulate a solution to make our local cultural industries more competitive, including enhanced support and incentives for our film, television, and cultural and creative industries to boost their strengths in democratic cultural creation, raise international competitiveness, and encourage research in Taiwan’s own history and culture. (6) Strengthen guidance and management for entertainers developing their careers in China. The competent authorities should provide entertainers with guidelines on conduct while working in China, and make clear the scope of investigation and response to conduct that endangers national dignity. This will help prevent China from pressuring Taiwanese entertainers to make statements or act in ways that endanger national dignity. (7) The relevant authorities must adopt proactive, effective measures to prevent China from engaging in cognitive warfare against Taiwan or endangering cybersecurity through the internet, applications, AI, and other such tools. (8) To implement these measures, each competent authority must run a comprehensive review of the relevant administrative ordinances, measures, and interpretations, and complete the relevant regulations for legal enforcement. Should there be any shortcomings, the legal framework for national security should be strengthened and amendments to the National Security Act, Anti-Infiltration Act, Act Governing Relations between the People of the Taiwan Area and the Mainland Area, Laws and Regulations Regarding Hong Kong & Macao Affairs, or Cyber Security Management Act should be proposed. Communication with the public should also be increased so that implementation can happen as soon as possible. V. Responding to threats from China using “integrated development” to attract Taiwanese businesspeople and youth (1) I request that the NSC and administrative agencies work together to carry out strategic structural adjustments to the economic and trade relations between Taiwan and China based on the strategies of putting Taiwan first and expanding our global presence while staying rooted in Taiwan. In addition, they should carry out necessary, orderly adjustments to the flow of talent, goods, money, and skills involved in cross-strait economic and trade relations based on the principle of strengthening Taiwan’s foundations to better manage risk. This will help boost economic security and give us more power to respond to China’s economic and trade united front and economic coercion against Taiwan. (2) I request that the Ministry of Education, MAC, Ministry of Economic Affairs, and other relevant agencies work together to comprehensively strengthen young students’ literacy education on China and deepen their understanding of cross-strait exchanges. I also request these agencies to widely publicize mechanisms for employment and entrepreneurship for Taiwan’s youth and provide ample information and assistance so that young students have more confidence in the nation’s future and more actively invest in building up and developing Taiwan. My fellow citizens, this year marks the 80th anniversary of the end of the Second World War. History tells us that any authoritarian act of aggression or annexation will ultimately end in failure. The only way we can safeguard freedom and prevail against authoritarian aggression is through solidarity. As we face increasingly severe threats, the government will not stop doing its utmost to ensure that our national sovereignty is not infringed upon, and to ensure that the freedom, democracy, and way of life of Taiwan’s 23 million people continues on as normal. But relying solely on the power of the government is not enough. What we need even more is for all citizens to stay vigilant and take action. Every citizen stands on the frontline of the defense of democracy and freedom. Here is what we can do together: First, we can increase our media literacy, and refrain from spreading and passing on united front messaging from the Chinese state. Second, we can organize and participate in civic education activities to increase our knowledge about united front operations and build up whole-of-society defense resilience. Third, we can promptly expose concerted united front efforts so that all malicious attempts are difficult to carry out. Fourth, we must refuse to participate in any activities that sacrifice national interests. The vigilance and action of every citizen forms the strongest line of defense against united front infiltration. Only through solidarity can we resist being divided. As long as every citizen plays their part toward our nation’s goals for prosperity and security, and as long as we work together, nothing can defeat us.

    MIL OSI Asia Pacific News –

    March 21, 2025
  • MIL-OSI: Foresight Ventures Latest Stablecoin Overview: Why Non-Crypto Users Are the Next Frontier for Stablecoin Integration

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 21, 2025 (GLOBE NEWSWIRE) — Foresight Ventures, the leading crypto VC firm bridging East and West, has released its latest stablecoin report. This in-depth analysis sheds light on the current landscape of digital payments, with a focus on key advancements in on-chain settlement, revenue-sharing models and enterprise-first payment infrastructure. 

    Delving into the evolution of stablecoin technology and its integration into market segments that connect crypto payments with traditional financial services, Foresight Ventures presents a comprehensive framework detailing the layered approach to stablecoin adoption—from the application layer to asset issuance and settlement processes.

    Of particular note, the report offers exclusive insights for diverse user groups, ranging from general investors to developers. It also breaks down the critical factors driving enterprise adoption of stablecoins and demonstrates how non-crypto users can incorporate these digital assets into everyday transactions.

    Key discoveries from the analysis are:

    • Stablecoin payments offer faster settlement times and lower fees than traditional methods.
    • The technology stack breaks down into four layers: Application, payment processors, asset issuers and settlement.
    • Major payment gateways now integrate with popular financial services, enabling both developer and consumer adoption. 
    • US payment services giant Stripe now integrates USDC for global transactions. MetaMask enables fiat-to-crypto on/off-ramps via third-party services.
    • Crypto payment platform Helio supports 450,000 active wallets and 6,000 merchants, with the Solana Pay plugin allowing Shopify. This shows large-scale adoption among merchants.
    • The use of crypto cards—developed in partnership with Visa and Mastercard—is on the rise. These cards empower users to seamlessly transact with stablecoins at traditional merchants.
    • Asset issuers innovate with static reserve-backed, yield-bearing and revenue-sharing models. Revenue-sharing stablecoins from Paxos, M⁰ and Agora align incentives by distributing transaction fees and interest income among ecosystem partners.
    • Settlement layers on multiple blockchains allow for instant and cost-efficient transactions. Blockchains, like Solana and Tron, enable near-instant settlement and low fees. 
    • Enterprise adoption revolves around efficient treasury management, integrated KYC processes and on-chain yield opportunities.
    • Non-crypto users benefit from intuitive interfaces and the integration of stablecoin payment options within mainstream apps.
    • A future shift may see consumers hold capital on-chain, as risk management and yield opportunities improve.

    Core findings emphasize the transformative potential of stablecoins in transaction processing and corporate treasury management. Enterprises are increasingly leveraging stablecoin infrastructure to enhance global payment efficiency and improve liquidity. Additionally, companies are adopting smart routing solutions to automate cross-border transactions, minimizing manual intervention and cutting operating costs.

    “Our stablecoin report extensively captures how the global payment ecosystem is going through a massive transformation driven by stablecoins,” said Forest Bai, co-founder of Foresight Ventures. “Stripe’s integration of USD and Helio’s support for over 450,000 active wallets clearly signal a rising demand for stablecoins in everyday transactions. On-chain solutions are streamlining payment flows and enhancing liquidity, paving the way for faster, more efficient digital payments.”

    The report identifies that revenue-sharing stablecoins introduce a dynamic incentive model to the market. This approach harmonizes the interests of financial institutions, fintech applications and digital asset platforms, driving more efficient financial exchanges. It also reveals that consumers can benefit from earning on-chain yields through user-friendly interfaces and integrated financial services.

    The Foresight Ventures stablecoin report holds significant value for stakeholders across the financial spectrum. Through its clear and concise breakdown of the stablecoin technology stack, the report equips investors, enterprises and policymakers with a deeper understanding of the transformative shifts occurring in digital finance.

    The report can be used as a comprehensive guide for companies looking to modernize payment processes and improve capital efficiency. Also, for traders and users to get inspired on the up and coming payment landscape and make an informed decision to invest and allocate resources.

    Users can access the full report for further details: HERE.

    About Foresight Ventures
    Foresight Ventures is the first and only crypto VC bridging East and West and a Top 5 Most Active Crypto VC in 2024. With a research-driven approach and offices in the US and Singapore, they are a powerhouse in crypto investment and incubation. Their premier media network includes The Block, Foresight News, BlockTempo, and Coinness. They aggressively invest in the most daring innovations. They are dedicated to partnering with visionary projects and top teams to help them succeed, reshaping the future of digital finance and beyond.

    For more information, users can visit: Website | Twitter | LinkedIn 

    Contact
    PR team
    media@foresightventures.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e0c85f4b-6004-4421-807b-13c2fbf88d8c

    The MIL Network –

    March 21, 2025
  • MIL-OSI: Subsea7 Annual Report 2024

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg – 21 March 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announced today the publication of the Annual Report containing the Consolidated Financial Statements for the Subsea7 Group and the Financial Statements of Subsea 7 S.A., the Parent Company, for the year ended 31 December 2024.

    The Annual Report – in PDF and European Single Electronic Format (ESEF) – is attached to this press release and also available on the Group’s website, subsea7.com.

    *******************************************************************************
    Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.

    Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

    *******************************************************************************

    Contact for investment community enquiries:
    Katherine Tonks
    Investor Relations Director
    Tel +44 20 8210 5568
    ir@subsea7.com

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. .  The information was published on 21 March 2025 at 10:30 CET by Katherine Tonks, Investor Relations. 

    Attachments

    • 222100AIF0CBCY80AH62-2024-12-31-en
    • SUBC 2024 Annual Report

    The MIL Network –

    March 21, 2025
  • MIL-OSI United Kingdom: Love Where You Live: Join Derby’s Great British Spring Clean 2025

    Source: City of Derby

    Running from 21 March to 6 April, the national campaign is led by Keep Britain Tidy and aims to inspire individuals, schools, community groups and businesses to come together to tackle litter, clean up streets and create cleaner, greener neighbourhoods. 

    A key day for our city is Tuesday 25 March, with a special day of action in Derby city centre. Working in partnership with the Cathedral Quarter and St Peters Quarter Business Improvement Districts (BIDs), Derby City Council’s Streetpride team, volunteers, councillors and community leaders will be working to make a visible difference. Businesses and residents are invited to take part in activities such as litter picking, weeding, fly poster removal and general tidying up. In addition, the team will be jet-washing pavements, clearing litter and removing outdated signage to further enhance the city centre. 

    Cllr Ndukwe Onuoha, Derby City Council Cabinet Member for Streetpride, Public Safety and Leisure, said: 

    Coming together to look after our city strengthens our sense of community and pride. The Great British Spring Clean is a fantastic opportunity to show that Derby is a place we’re proud to call home. Let’s make a visible difference because we all love where we live. 

    How to get involved 

    Your participation will help make our city a cleaner, greener place for everyone, whether you commit to one bag of litter or a whole day of action with us. 

    MIL OSI United Kingdom –

    March 21, 2025
  • MIL-OSI China: Subsidies, services, social shifts: China’s strategic push for a birth-friendly future

    Source: China State Council Information Office 2

    Faced with the twin demographic challenges of a low fertility rate and a graying population, China is spearheading systemic policy innovations and people-oriented practices to bolster birth rates, boost consumption and drive sustainable socioeconomic growth in the coming decades and beyond.
    This strategic emphasis on encouraging childbirth was underscored earlier this month during China’s national “two sessions,” where the term “provide childcare subsidies” was included for the first time in the annual government work report.
    Additionally, a recently unveiled plan to increase consumption, proposes establishing a childcare subsidy system, expanding childbirth insurance coverage and enhancing pediatric services. These initiatives indicate that promoting childbirth has become a national strategic priority.
    China’s total fertility rate has remained at around 1 for a few years, less than half of the required replacement level of 2.1. Meanwhile, the country’s degree of aging continues to increase. Data from the National Bureau of Statistics showed that those aged 65 years and above made up about 15.6 percent of the total population last year.
    “Severe sub-replacement fertility will be China’s greatest economic and social challenge,” according to a recent article by veteran demographer James Liang, executive chair of China’s online travel service giant Trip.com Group.
    Liang noted that only by prioritizing birth rate improvement, leveraging institutional strengths, and mobilizing social resources can the problem be effectively addressed.
    In October 2024, a State Council directive outlined 13 targeted measures to enhance childbirth support services, expand child care systems, strengthen support in education, housing and employment, and foster a birth-friendly social atmosphere.
    Earlier data from China’s national health authorities revealed that over 20 provincial-level regions had explored offering childcare subsidies at different levels, with more comprehensive versions being introduced recently.
    The latest such measures were rolled out in north China’s Shanxi Province, where several counties introduced policies aimed at encouraging childbirth and alleviating family burdens by providing one-time childbirth subsidies, while partially covering hospitalization costs for childbirth.
    For example, families in Xingxian County of the city of Lyuliang in Shanxi that give birth to their first, second or third child on or after Jan. 1, 2025, are eligible for one-time subsidies of 2,000 yuan (about 279 U.S. dollars), 5,000 yuan or 8,000 yuan, respectively.
    Shenzhen in south China’s Guangdong Province, a city known for its economic vitality and inclusiveness and home to China’s largest migrant population, has also pledged to actively implement national initiatives by enhancing its childbirth support policy system and incentive mechanisms.
    These developments follow Hohhot’s earlier announcement of a new childcare subsidy initiative, which attracted nationwide attention to this city, which is the capital of north China’s Inner Mongolia Autonomous Region, an area known for producing top quality milk, resulting in a boost for market confidence.
    In Hohhot, couples having their first child will be offered a one-time payment of 10,000 yuan. For a second child, 50,000 yuan will be distributed in annual installments of 10,000 yuan. For all subsequent children, the same annual subsidy will be offered until the child turns 10, totaling 100,000 yuan, which is much higher than in other cities and amounts to roughly twice the annual income of local citizens.
    These tangible subsidies are expected to drive consumption momentum in the maternal and infant product sector, according to Han Fei, vice president of Hohhot-based Yili Group, Asia’s largest dairy company. Han added that the city also plans to provide a daily cup of free milk for new mothers, which will accelerate the consumption of fresh milk in China’s dairy industry heartland.
    Since 2013, China has implemented several rounds of progressive adjustments to adapt its population policies to evolving demographic and socioeconomic conditions. In 2021, it announced support for couples who wish to have a third child — and it is from that time onward that childbirth subsidies began to emerge.
    Notably, the first city in China to offer such subsidies, Panzhihua in southwest China’s Sichuan Province, has witnessed positive growth in its permanent resident population for four consecutive years.
    Meanwhile, Tianmen, a county-level city in central China’s Hubei Province, saw a year-on-year increase of 17 percent in its newborn population in 2024, significantly higher than the national average of 5.8 percent, and ending an eight-year decline. Among the 7,217 newborns in Tianmen, more than half were second or third children.
    From baby bonuses and childcare subsidies to maternity leave allowances and home purchase incentives, total rewards for second and third children in Tianmen amount to 96,300 yuan and 165,100 yuan, respectively.
    Tianmen’s tangible, holistic pro-birth policies also spurred a strong recovery in the real estate market of the city, where the average housing price is 5,000 yuan per square meter — attracting over 100 regions to conduct research and learn from its practices.
    These cases show that financial incentives are probably the fastest way to boost fertility rates, and yet they are far from sufficient. Increased childcare services, extended maternity leave, and strengthened support in the fields of education, housing and employment, as well as a healthy marriage and childbirth culture, are also crucial in fostering a birth-friendly society. Encouragingly, various regions have already begun exploring such avenues.
    Cash rewards ease financial burdens, but boosting birth rates requires tackling deeper issues like childcare challenges, work-life balance, and education costs, said Yue Ling, associate professor at the Beijing-based China University of Labor Relations.
    Liang also highlighted the need for comprehensive measures including tax breaks, housing subsidies, increased childcare facilities, and promoting flexible work arrangements, to effectively boost willingness to have children.
    Experts also emphasized the importance of coordinated consideration at both the national and local levels, to make support policies more reasonable, feasible and sustainable, as regional economic disparities can have an impact on the effectiveness of policies.

    MIL OSI China News –

    March 21, 2025
  • MIL-OSI China: Tesla’s new Shanghai Megafactory starts exporting energy-storage batteries

    Source: China State Council Information Office

    Tesla’s new Megafactory in Shanghai in east China on Friday exported its first batch of Megapack energy-storage batteries, the company announced.

    It took the new Megafactory just over a month after its production launch to achieve its first export, with the batteries being transported from Shanghai Port to Australia.

    This export highlights Tesla’s further expansion in the global energy storage market, and also underlines the extension of its battery technology from electric vehicles to energy storage, according to the company.

    Megapacks produced at the Shanghai facility will supply both the domestic and Asia-Pacific markets.

    Megapack is an electrochemical energy storage device that uses lithium batteries — a dominant technical route in the new-type energy storage industry.

    MIL OSI China News –

    March 21, 2025
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